DislikedCan you guys see what the big boys are cooking? lol I have no idea what i'm talking about. It's currently in a zone to create another symmetrical triangle day? We shall see how it unfolds.Ignored
- #1,102,242
- Apr 6, 2017 8:39am Apr 6, 2017 8:39am
- Joined Feb 2017 | Status: pippin' | 1,139 Posts
Can you guys see what the big boys are cooking? lol I have no idea what i'm talking about. It's currently in a zone to create another symmetrical triangle day? We shall see how it unfolds.
Buying and Selling is done on certain pricelevels. These pricelevels are calculated by analysts and risk managers.
Whaat moves the markets -in the long run- (NOT INTRADAY) is 80% technical. Know your TA, and you can pretty much see what they see.
When you are new, this will help you a great deal:
- next time you want to take a trade, Don't
- draw a horizontal line to where you would have put your stop for this trade
- watch what happens
This will dramaticaly decrease your "got stopped again but why it's all other peoples fault" problem.
Seriously, try it. It helps.
(I so know I will get flamed again now. Dear trolls, please keep in mind, this post is for the newbros, not the bittervets)
Stay calm and keep smiling (and put your orders where the sh**.... ehm, the "people" put their stops
How it unfolds intraday? I don't know.
I just know what my longterm TA says, and that's bullish.
you are not expected to understand this
- #1,102,245
- Apr 6, 2017 8:47am Apr 6, 2017 8:47am
- Joined Aug 2012 | Status: Fundamental & Technical Analyst | 1,910 Posts
Big spike is coming guys !!! Catch it .... RazorFish = Curren (for sure and 100%) Look back the words he was used !!! Very interesting !!!
Trades technical moves enforced by fundamentals
- #1,102,246
- Apr 6, 2017 8:51am Apr 6, 2017 8:51am
making money is easy in forex, losing money is even easier...
- #1,102,248
- Apr 6, 2017 8:57am Apr 6, 2017 8:57am
- Joined Feb 2017 | Status: pippin' | 1,139 Posts
you are not expected to understand this
- #1,102,251
- Apr 6, 2017 9:08am Apr 6, 2017 9:08am
Big spike is coming guys !!! Catch it .... RazorFish = Curren (for sure and 100%) Look back the words he was used !!! Very interesting !!!
- #1,102,253
- Edited 9:36am Apr 6, 2017 9:23am | Edited 9:36am
- Joined Feb 2017 | Status: pippin' | 1,139 Posts
{quote} Could you explain to me what is bullish, I respect your analysis I'm just a bit skeptical on the bullish side atm
The first chart is the M1 zooned out, please look on the left
The second is the current daily chart, please look at the lows and the highs.
What still blocks it is the big fat 200 SMA. this blockade will fall when fundamentals kick in (elections in europe) and the money flows back into the Euro.
(ONLY if the rightwing does not take over. If they do, we are all fecked, big time)
Nobody sane in their mind will ship their mulah back into the US (Trump being opposed by the Deep State effect). Asia, well, it's parked there, it will not stay there. Currently the market is Risk off. Means, nobody pumps money into it. What do you think will happen when this changes?
> Bullrun
When you buy where you are now, you do buy the bottom. And that's usualy a good idea.
This is my opinion.
I do not care if anyone is of the same opinion. I am responsible for what I do, and nobody else. I am not responsible for anyone elses actions.
Having different opinions is how discussing is done, and it is how markets are done, how trading is done. If everyone is of the same opinion, there is no markets, no trading, no forum, no nothing....
please keep this in mind
Here are the two charts.
I hope this answers your question Don
you are not expected to understand this
- #1,102,254
- Apr 6, 2017 9:30am Apr 6, 2017 9:30am
- Joined Feb 2017 | Status: pippin' | 1,139 Posts
Also, on the "I am crazy" front, I might add:
- I am of the strong believe that the Euro will NOT collapse before the USD.
USD will actualy be among the first currencie and the Euro will be Nr 3 or 4 (which at this point will not matter anymore)
So, before the world goes all t*ts, I be long on the damn Euro
On the EUR/USD, we will have the rare chance to see a massive bear market turn into a bull market.
One day someone will pick up a phone to make a call...
Enjoy the ride, it wont last long...
- I am of the strong believe that the Euro will NOT collapse before the USD.
USD will actualy be among the first currencie and the Euro will be Nr 3 or 4 (which at this point will not matter anymore)
So, before the world goes all t*ts, I be long on the damn Euro
On the EUR/USD, we will have the rare chance to see a massive bear market turn into a bull market.
One day someone will pick up a phone to make a call...
Enjoy the ride, it wont last long...
you are not expected to understand this
- #1,102,255
- Apr 6, 2017 9:49am Apr 6, 2017 9:49am
- | Membership Revoked | Joined Mar 2017 | 144 Posts
Also, on the "I am crazy" front, I might add: - I am of the strong believe that the Euro will NOT collapse before the USD. USD will actualy be among the first currencie and the Euro will be Nr 3 or 4 (which at this point will not matter anymore) So, before the world goes all t*ts, I be long on the damn Euro
Support is support until it no longer is, and what a trader does once the support is broken, typically involves chasing that support, instead of focusing on what is happening "now". I think everyone would agree, that what happens "now" is what we see on the larger tf. Simply drawn out over the tf which you have chosen.
I'm your unknown friend!
- #1,102,256
- Apr 6, 2017 9:56am Apr 6, 2017 9:56am
Hammer, smaller hammer, much smaller hammer, larger hammer lower than the last one...
make decision EU
make decision EU
forex forex forex
- #1,102,257
- Edited 10:13am Apr 6, 2017 9:59am | Edited 10:13am
- Joined Feb 2017 | Status: pippin' | 1,139 Posts
{quote} Hello Teek. Thank you for sharing your chart, but I would like to know if you believe, if looking at a dead chart is the same as looking at a live one. I ask you this, because you are basing "right now" on what has happened. Yet we could see the same formation which you are showing, only for the price to end up breaking through the bottoms of the "support". Support is support until it no longer is, and what a trader does once the support is broken, typically involves chasing that support, instead of focusing on what is happening "now". I...
Currently when I turn on my desk, I am looking at 56 charts.
That's the medium amount (I scaled down, the doctor said so
)So, I am not looking at a single "dead" chart. There is no such thing as a dead chart.
I am also not looking into the future. All I do is technical analysis and watching moneyflow between currencies, futures, bonds and equities/commodities....
Also I do watch the news and even if I do not base my own trading around news, especialy not longterm, (intraday I simply don't trade around red flag events and longterm they don't matter that much), I DO watch the political situatuation and, based on my background, I do have a good understanding how big market movers make their decisions.
Compose all that, forms a picture... or two or three... whatever
(a very ugly and scary one I might say)
The difficult part is, as a trader I try to stay free of bias and opinion and try to trade only what I see (I'm a priceaction trader, longterm and intraday. I do not trade lines, I trade priceaction)
But as a TA it is part of my job to deliver a bias/opinion and deliver pricelevels to buy/sell. That's a difficult thing, especialy when the charts do not go with "the prophets" (the fundamental guys). As much as I hate forecasts of any kind, it is often my job to deliver a forecast. So at one point or another you must come up with an opinion, a bias, whatever. On the Euro/USD, my -longterm- bias is: bullish
Based on technical analysis, current political situation, current market conditions (risk off), and moneyflow.
(and a little bit on a gut feeling)
Also, I am crazy. I am very fine with that. How else could I love what I do?
I remember when I was "crazy" and "weird" and a "freak" back when I called the Dow to hit 20k and break it, when it actualy traded around 9k.
I also predicted a first "shake" around 21k, and I do think they are really insane enough to push the entire thing to 40k before the damn world implodes and they will present us with "a solution" (a very ugly and scary one I might say).
Charts.... it's music. Nothing is dead. Markets are a living breathing thing. Not dead
I hope this answers your question.
God I love this shit
you are not expected to understand this
- #1,102,259
- Apr 6, 2017 10:23am Apr 6, 2017 10:23am
- Joined Apr 2013 | Status: I'm learnding! | 8,973 Posts
This is pure comedy 
Today I am gonna have fun ignoring a bunch of renegades
lol...fine
you step out of line, even by an inch, and I'm gonna can you like tuna....
This is cool , I can't hearyou talking
I'm gonna let the others have some fun with you before I suspend you for being a jackass....
I can also not see Pay The Limit and it says Ignored ,,, can't hear
- #1,102,260
- Apr 6, 2017 10:23am Apr 6, 2017 10:23am
- Joined Jun 2006 | Status: Trader | 5,709 Posts
Hammer, smaller hammer, much smaller hammer, larger hammer lower than the last one... make decision EU {image}
or this
Inserted Video