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  • #1,102,801
  • Apr 7, 2017 4:48pm Apr 7, 2017 4:48pm
Quoting renanvito
{quote} {quote} {quote} After post about "their" gmt, razorfish took a plane and moved from Canada to Israel and changed his local time to a different of curren. curren remains in Hong Kong. {image}
hahahahha #dead.... Im thinking sine he lost he's account and everything, he thought it's wise to move for a change...

who knows, next week he might be moving to SA...
  • #1,102,802
  • Apr 7, 2017 5:22pm Apr 7, 2017 5:22pm
Quoting RainBowDash
{quote} I think the amount of LOTS those traders are trading is more important. From the chart you shared, it reveals, that a large portion are long, but have a look at the lots! Clearly as the price dropped, more people bought, which should support a GAP DOWN on Sunday to clean out the weak - over leveraged hands. We saw the same thing on EU 2 weekends ago. US market was closing and USD got stronger, then right before the forex market closed, EURUSD spiked up, then gapped up and ran all the way to 1.09 The market simply used the gap to go against...
Yep,,,,,different scenario tho ,,,,,it was scewed heavily to the short side as the mkt was going up ,,,now as its starting to drop its working on more being long ,,,,,,,,,its like a book with every chapter the same . Watch your gbpjpy ,,,,,,,if and when the that goes up from where its at that will start going the opposite way
  • #1,102,803
  • Apr 7, 2017 6:02pm Apr 7, 2017 6:02pm
Hi! I had no time to close my short. Is there any possibilty to watch the price on weekends?
  • #1,102,804
  • Apr 7, 2017 6:23pm Apr 7, 2017 6:23pm
Quoting Fallowme
Hi! I had no time to close my short. Is there any possibilty to watch the price on weekends?
xe.com
A good trader follows his rules, but great trader knows when to break them
  • #1,102,805
  • Apr 7, 2017 6:43pm Apr 7, 2017 6:43pm
Quoting ill_be_back
{quote} xe.com
Thx bro
  • #1,102,806
  • Apr 7, 2017 7:35pm Apr 7, 2017 7:35pm
Would it be possible to have a GAP UP to create some confusions for some inexperienced traders like me? Following on that we could have retracement to 1.06-1.061 before going south again?

--- conspiracy theory
  • #1,102,807
  • Apr 7, 2017 9:17pm Apr 7, 2017 9:17pm
Quoting CKXnlp3R
Would it be possible to have a GAP UP to create some confusions for some inexperienced traders like me? Following on that we could have retracement to 1.06-1.061 before going south again? --- conspiracy theory
Anything is possible in forex land. A gap up would make perfect sense, if many people were selling into the forex market close.
I'm your unknown friend!
  • #1,102,808
  • Apr 7, 2017 9:30pm Apr 7, 2017 9:30pm
Quoting CKXnlp3R
Would it be possible to have a GAP UP to create some confusions for some inexperienced traders like me? Following on that we could have retracement to 1.06-1.061 before going south again? --- conspiracy theory
Its impossible to tell. Normally I would think it will open a little higher come Monday but with what's happening in Syria, if some major development happened or new events it could lead to a spike with way.
  • #1,102,809
  • Apr 7, 2017 10:36pm Apr 7, 2017 10:36pm
Quoting renanvito
{quote} {quote} {quote} After post about "their" gmt, razorfish took a plane and moved from Canada to Israel and changed his local time to a different of curren. curren remains in Hong Kong. {image}

Watch out guys/girls...
Curren a.k.a RazorFish will be back with new I.D.

Brace yourselves for "high impact" entertainment.

HAPPY WEEKEND TO ALL
  • #1,102,810
  • Apr 7, 2017 10:59pm Apr 7, 2017 10:59pm
Will be watching a retrace for a possible short entry.
  • #1,102,811
  • Apr 8, 2017 1:06am Apr 8, 2017 1:06am
Quoting Angelina
{quote} The $26k is the amount of winning trade I was just closed today + my original balance = final balance !!! No opening trades right now !!! Open a Forex.com account then you will see !!!
Ah i see ok. Its different from the brokers i used before.
Have a nice weekend
  • #1,102,812
  • Edited 3:43am Apr 8, 2017 3:29am | Edited 3:43am
Good morning
I hope you all have a great weekend.

Situation:
We have a very interesting close with price sitting on the 78.6% retracement and on top of a very strong Demand Zone and it's first Resistance @1.058x
On the weekly chart I can't see any sign of a slowdown. The NFP friday caused a strong short momentum after cleaning out most intraday stops up north, basicly wiping out it's range around the 61.8% retracement and finaly breaking out short, heading for the 78.6%.
If this momentum holds, I expect the price going deeper into the Demand zone:

Support/Resistance:
Next Resistance will be the 88.6% retracement @1.054, which serves as the median Demand price with intraday support @1.05330.
The low end of this Demand zone marks @1.04940 and I expect the price to range around the median 1.054, which could create a nice
intraday scalping setup between 1.049x (bottom of Demand range) and 1.058x (top of Demand range).
For this to happen the price first needs to break the 78.6% resistance. (see chart), a PULLBACK to the 61.8% retracement is very possible and could create another short entry with a very good R/R, but we need to wait and see.

Long scenario:
I don't recommend any long positions before we see a pullback with retest AND break back into the old range around 61.8% retracement,
which COULD then start the next wave. (remember: I do not believe in Elliot waves!)
First target would be @1.08040, scaling up at prices: (nope, not for the forum people)
To open any long positions we must wait for the right signals in and around the Demand zones (Candlesticks! PA!)

Short scenario:
a PULLBACK to the 61.8% retracement is very possible and could create another short entry
I don't recommend any more shorts before we see a pullback retest of the 61.8% retracement, OR the price just punching through the Demand zone.
Please be aware that anything above 1.038 is still Demand range, with 1.034 being a very critical breakpoint (see chart)

Entries:
(edited out, not for forum people)

My trading:
My short positions survived the NFP noise on friday and took profit @1.05900 and 1.05860 and closed out.
I still have one short position open with the BE-Stop above the 61.8% retracement and TP @1.05632 and I am ready to close out this final position on Monday before London open before it's actual TP.
I still sit on one very small long position with a Stop @1.038. I will close this position Monday morning before London open, as the hedge sits at 60% profit against the small loss and the breakout short trades were profitable against it.
Long story short: I am closing out of the market as it hits the Demand zone and wait. I will not open any more positions at this point.
I expect the market to pull deep into the Demand zone, range for a few days and we need to wait and see what happens there.
Based on the very strong resistance and the political situation in the US and in Europe, with big money parked in the Yen and no signs of significant moneyflow kicking in just yet, I expect a slow ranging EUR/USD.

Let me speculate a little bit at this point: Big money sells down as a setup for an upcoming bullrun. Big dogs need good prices.

Risk: OFF
close out and wait
Longs: please wait for priceaction (CANDLESTICKS) signals in and around Demand S/R.
Shorts: should be scaled down by now to the final position. Closing out is recommended.
Do not open any more positions at this point. We need to wait and see what happens next.

As always:
trade the candles, not the lines (for my beloved forum people)
Anything is possible, the market makes the decision, not the analyst.
Stay green, stay careful, trade on your own risk and your own judgement, and don't forget to smile.
It costs you nothing to be polite.

cheers, Teek

Chart (Daily):
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 105 KB
you are not expected to understand this
  • #1,102,813
  • Edited 4:24am Apr 8, 2017 4:14am | Edited 4:24am
Quoting Teek
Good morning I hope you all have a great weekend. Situation: We have a very interesting close with price sitting on the 78.6% retracement and on top of a very strong Demand Zone and it's first Resistance @1.058x On the weekly chart I can't see any sign of a slowdown. The NFP friday caused a strong short momentum after cleaning out most intraday stops up north, basicly wiping out it's range around the 61.8% retracement and finaly breaking out short, heading for the 78.6%. If this momentum holds, I expect the price going deeper into the Demand zone:...

Do you even understand the concept of 'Less is More' ? you could have easily posted your idea with a short explanation and not try to lecture people here.. I believe there's www.babypips.com for that..don't you think?

Pls Teek dum it down a bit or open up your on thread.. this is just too much of space you taking...

Your chart makes sense just by looking at it and it would have made more sense without all this long spreadsheet of typing you had to do.. damnnn

Enjoy your weekend
  • #1,102,814
  • Apr 8, 2017 4:16am Apr 8, 2017 4:16am
Quoting jusstin911
{quote} Do you even understand the concept of 'Less is More' ? you could have easily posted your idea with a short explanation and not try to lecture people here.. I believe there's www.babpips.com for that..don't you think? Pls Teek dum it down a bit or open up your on thread.. this is just too much of space you taking... Your chart makes sense just by looking at it and it would have made more sense without all this long spreadsheet of typing you had to do.. damnnn Enjoy your weekend
you're on his ignore list (as am I) so don't expect an answer friend!
  • #1,102,815
  • Apr 8, 2017 4:17am Apr 8, 2017 4:17am
Quoting jusstin911
{quote} Do you even understand the concept of 'Less is More' ? you could have easily posted your idea with a short explanation and not try to lecture people here.. I believe there's www.babpips.com for that..don't you think? Pls Teek dum it down a bit or open up your on thread.. this is just too much of space you taking... Your chart makes sense just by looking at it and it would have made more sense without all this long spreadsheet of typing you had to do.. damnnn Enjoy your weekend
I appreciate your opinion and overall negative feedback to my posts.
Can't make it right for everyone and different people have different opinions.

Suggestion: don't read it
There is an ignore button. Will ease your pain. Feel free to use it (I used mine a while ago)

Reminder: there are some less experienced traders reading here and by what some of them told me, they do like some explanation along with the charts. when I decided to stop, they asked me to keep posting.

some like what I do, some don't like what I do. At the end of the day, it doesn't make a difference, as long as I like what I do

Have a great weekend.
much love, Teek
you are not expected to understand this
  • #1,102,816
  • Apr 8, 2017 4:28am Apr 8, 2017 4:28am
Quoting Teek
{quote} I appreciate your opinion and overall negative feedback to my posts. Can't make it right for everyone and different people have different opinions. Suggestion: don't read it There is an ignore button. Will ease your pain. Feel free to use it (I used mine a while ago) Reminder: there are some less experienced traders reading here and by what some of them told me, they do like some explanation along with the charts. when I decided to stop, they asked me to keep posting. some like what I do, some don't like...
Exactly why there's babypips.com and they would get more details just there .. don't use this E/U thread for your lessons Sir Teek.. share your ideas and stop this madness...
  • #1,102,817
  • Apr 8, 2017 4:31am Apr 8, 2017 4:31am
Quoting oztrader79
{quote} you're on his ignore list (as am I) so don't expect an answer friend!
he'll always click the 'View Post' button... he's really not respecting this thread for it's actual purpose and that's so wrong.. he's trying to lecture people but have been trying to LONG the E/U all week SMH

Hope you having a great weekend mate
  • #1,102,818
  • Apr 8, 2017 4:34am Apr 8, 2017 4:34am
Quoting jusstin911
{quote} Exactly why there's babypips.com and they would get more details just there .. don't use this E/U thread for your lessons Sir Teek.. share your ideas and stop this madness...
I am sorry for your pain and I am very interested in what FF will have to say on your suggestion for going to another website.
I talk trading, which is the topic of this forum. You make it personal, as always. Your opinion, your decision, your emotion, not mine

with mindful love, Teek
you are not expected to understand this
  • #1,102,819
  • Apr 8, 2017 5:11am Apr 8, 2017 5:11am
guys .. can you calm it ... Teek is providing content here (most of the time) sometimes I agree with his analysis sometimes I don't. If any post is to epic for someone just scroll over it ... it is that simple ... but wasting so much space on "you write to much on this" and "I don't like how you do that" is far more waste of time, space and energy then any overloaded analysis can ever be ...
just saying ...
and a happy sunny week end to everyone
  • #1,102,820
  • Apr 8, 2017 5:14am Apr 8, 2017 5:14am
Quoting Teek
{quote} I am sorry for your pain and I am very interested in what FF will have to say on your suggestion for going to another website. I talk trading, which is the topic of this forum. You make it personal, as always. Your opinion, your decision, your emotion, not mine with mindful love, Teek
So are you saying Majority of FF members are armature traders? is that what you mean? does that justify you posting lessons here?
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