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  • #1,081,201
  • Nov 23, 2016 6:15am Nov 23, 2016 6:15am
This is gonna be as cheap as it will get for buyers. EU hasn't traded below 1.05 since 2002 so this is a very strong support. I mean if you're a buyer, you can wait for confirmation of support holding and pay for a higher entry or pay for low entry now without confirmation. I loaded up on long for a long term trade. 100 pip SL with tp at 1.4
I wanna be a billionaire so freaking bad!
  • #1,081,202
  • Nov 23, 2016 6:16am Nov 23, 2016 6:16am
Quoting kuankuna
Okay.. so.. well known golden rules are right.. Follow the current major trend. The current major trend reflects the current fundamental. Moving to the opposite direction is just retracement.. Wait for the good setup with patience.. patience is the virtue of traders. Unless somewhat big news comes, the fundamental does not change. If there is no big news, the direction change of major trend require quite long time.. If you meet range-bound, you should open a position facing the major trend. Do not trade against the trend..
Thanks so much for your eloquence (the double post)
But it's a celebration time now!
Not school time!
As a lesson it's enough to mention "never try to catch a falling knife" ...it may hurt you sooo bad
Member
  • #1,081,203
  • Nov 23, 2016 6:17am Nov 23, 2016 6:17am
Quoting NotAtrader
Beautiful trend. Just made 4K on that drop. Cheers
Wow, congrats!!!
  • #1,081,204
  • Nov 23, 2016 6:18am Nov 23, 2016 6:18am
Quoting kuankuna
Okay.. so.. well known golden rules are right.. Follow the current major trend. The current major trend reflects the current fundamental. Moving to the opposite direction is just retracement.. Wait for the good setup with patience.. patience is the virtue of traders. Unless somewhat big news comes, the fundamental does not change. If there is no big news, the direction change of major trend require quite long time.. If you meet range-bound, you should open a position facing the major trend. Do not trade against the trend..
Yep!
  • #1,081,205
  • Nov 23, 2016 6:24am Nov 23, 2016 6:24am
Quoting Connors
Sorry to be a party ruiner. Long @1.0547 SL @1.0515 TP 1: 1.0647 TP 2: 1.0704
Of course you are right! bearish bubbles can create (almost) equal bullish corrections. (yesterday was a good example)
But on the other hand we have the "falling knife" theory...
we'll see..
Member
  • #1,081,206
  • Nov 23, 2016 6:27am Nov 23, 2016 6:27am
Quoting TudorIoan
{quote} Of course you are right! bearish bubbles can create (almost) equal bullish corrections. (yesterday was a good example) But on the other hand we have the "falling knife" theory... we'll see..

Stop is there mate, it is a falling knife and I tried to avoid any trade since last thursday when it broke 1.0667. Risk/return wise it made sense to me,also 1.0515 is kinda important on my chart not like 1.0454 but probably last chance before any meaningful correction. Too bad, I was on the wrong side since election. Perfect bear run has this been.
  • #1,081,207
  • Nov 23, 2016 6:27am Nov 23, 2016 6:27am
Quoting pipshaman
{quote} Wow, congrats!!!
Thanks mate! 12K on last Friday. Lovely Let it come back to you buddy. Let it be

NaT
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,081,208
  • Nov 23, 2016 6:32am Nov 23, 2016 6:32am
There it goes. Rejected. Turn around now invalidated. Even if the FOMC says pause after the December 14 rate hike, the New Year USD rally will drive this thing back down.

Big move today, wait for a pull back if not short already. If short, keep stops loose as some wiggle may happen on FOMC.
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Ecclesiastes 1:9
  • #1,081,209
  • Nov 23, 2016 6:44am Nov 23, 2016 6:44am
Quoting Connors
{quote} Stop is there mate, it is a falling knife and I tried to avoid any trade since last thursday when it broke 1.0667. Risk/return wise it made sense to me,also 1.0515 is kinda important on my chart not like 1.0454 but probably last chance before any meaningful correction. Too bad, I was on the wrong side since election. Perfect bear run has this been.
Stop is here? Is it? ok, give you credit.
Well, I really have not any base now to consider otherwise,
...even the April's 2015 1.0520 and March 2015 1.0462, seem like the last strongholds.

Great your anticipation the last Thursday ...the range followed.

But why being on the wrong side of the obvious? It was a real perfect bear run (falling knife)
Member
  • #1,081,210
  • Nov 23, 2016 6:53am Nov 23, 2016 6:53am
https://www.tradingview.com/chart/EU...tJxkFJ-EURUSD/
  • #1,081,211
  • Nov 23, 2016 7:07am Nov 23, 2016 7:07am
Quoting TudorIoan
{quote} Stop is here? Is it? ok, give you credit. Well, I really have not any base now to consider otherwise, ...even the April's 2015 1.0520 and March 2015 1.0462, seem like the last strongholds. Great your anticipation the last Thursday ...the range followed. But why being on the wrong side of the obvious? It was a real perfect bear run (falling knife)

The true answer is I was too dumb to see where it has been slapped on the day of election and kept trying to catch a bottom where it could retrace some and would probably take a short. But no chance for a meaninful retrace and here we are.

Following your calls by the way, well done. You are perfectly in synch with the pa.
Let's see if this one works out, 1.0602 is the obvious challenge now after that the magical 1.0667.
  • #1,081,212
  • Nov 23, 2016 7:21am Nov 23, 2016 7:21am
Quoting Connors
{quote} The true answer is I was too dumb to see where it has been slapped on the day of election and kept trying to catch a bottom where it could retrace some and would probably take a short. But no chance for a meaninful retrace and here we are. Following your calls by the way, well done. You are perfectly in synch with the pa. Let's see if this one works out, 1.0602 is the obvious challenge now after that the magical 1.0667.
A meaningful retrace after the election could occur. Your assumption was fair enough.
But nobody can mess with the crowd delirium(!)

Ok, let's see 1.0602 ...but honestly, I will start to believe in it after the FOMC show outcome later.
1.0667 looks nice to me too, I call that baby the Weekly_Pivot level.

See you there, ...eventually!
Member
  • #1,081,213
  • Nov 23, 2016 7:24am Nov 23, 2016 7:24am
Quoting yanitsa
{quote} I just shorted 1.0630
Fot the record : closed at 1.0570 , previous low .
Long pound was stopped at b/e
Holding short gold , small one , target 1171
  • #1,081,214
  • Nov 23, 2016 7:31am Nov 23, 2016 7:31am
Don't mess with the crowd, the falling knife, the crazy USD bulls, ...Trump?!
Member
  • #1,081,215
  • Nov 23, 2016 7:33am Nov 23, 2016 7:33am
Really sick... But enough is enough now
  • #1,081,216
  • Nov 23, 2016 7:34am Nov 23, 2016 7:34am
Quoting snprr
I'm short from 1.2176 sl: 1.2265. I took the position Friday morning around 8AM EST. I wanted to trail the stop, but fell asleep because of whacky sleeping patterns last week. Luckily price didnt suddenly reverse on me through my stop again. I'm thinking about moving the s/l asap to 1.2170, about breakeven. I'll cover on another bounce around 1.1205 area, ....
wonder if he held that short for 12 years...

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  • #1,081,217
  • Nov 23, 2016 7:36am Nov 23, 2016 7:36am
Quoting onedollar
Really sick... But enough is enough now
Enough it's never enough ...see the euro dump after the elections
Member
  • #1,081,218
  • Nov 23, 2016 7:39am Nov 23, 2016 7:39am
Quoting MrsTrader
Closed my shorts Looking for a good place to buy - or is that too risky still?
In parabolic moves like this, wait until everyone is yelling "SELL" before you attempt longs. I see way too many retail traders buying or indicating long bias. Sure sign it's still going lower or sideways at best. This is when you either sit on your hands or sell rallies.
Ecclesiastes 1:9
  • #1,081,219
  • Nov 23, 2016 7:40am Nov 23, 2016 7:40am
My God, 1.0500 in sight after FOMC?
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Member
  • #1,081,220
  • Nov 23, 2016 7:41am Nov 23, 2016 7:41am
took an buy poor day today
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