Dollar LONG stance but hold trigger till ...

[deadbroke]

Quote from usdoutlaw:

Dead ... maybe your dollar long strategy will pay off since gold is at/around 1088 ... a lot of news/analysts/traders are saying 1088 is the temporary top

I am definitely going long dollar against the commodity currency majors like the CAD and AUD

GOOOOO US DOLLLLARRRR

If EurUsd can bust the Oct 2 daily close = 1.4542, there will be downside acceleration. Also most likely, Macd will have crossed the 0-line by then.


Right now the entire current 6-day daily consolidation is sitting smack on the December 18 spike top.

I would imagine trendfollowers like Ed Sekota and gang would enter short only below 1.3723, i.e. below the consolidation/congestion & 200-day m.a.

 

[deadbroke]

Quote from TradeViper:

You are short in a 1hr uptrend :eek:



The Ever Watching VIPER

Yes.

Here are my reasons ...

I need an intro 1 mL position. So I'm in for the haul as long as Oct 26 top is intact. Higher? OK, I'll add 1 mL.

>>> short in a 1H uptrend <<<<



see EurUsd 60-min. clean chart showing my definition of 1H trend
keeping in mind that a trendline also defines trend.

Wouldn't mind you tearing apart my misunderstoods. Welcome it in fact. Feel free Viper.

Much obliged.

 

[Ivanovich]

TA is fantastic when markets are allowed to roam freely based on supply, demand, fundamentals, speculation, etc.

But you're trying to short in a maddeningly corrupt and manipulated market that is being prevented from going in the direction you need it to go, and the folks against you have an infinite amount of money more than you.

TA is completely and utterly useless here.

Suicide, in my opinion.

 

[davidmaria1]

E/U has been in a range since the 28th.
At the moment, near the top of the range again.
FOMC is at 2:15.
Better for me to hide and watch.

 

[deadbroke]

One other thing, Viper ...

Re: 1H chart EurUsd

See the 1H Oct30 wave top bar?

for a 1H trend reversal to be a solid signal, I require not just a higher close, rather after the higher close, there must be 3 additional bars completely out of the range of the high of that Oct 30 wave. Only then is there a confirmed signal.

This 3-bar requirement would appear to sacrifice alot of pips, but I find it keeps me out of many false signals.

critique welcome

 

[deadbroke]

Quote from Ivanovich:

TA is fantastic when markets are allowed to roam freely based on supply, demand, fundamentals, speculation, etc.

But you're trying to short in a maddeningly corrupt and manipulated market that is being prevented from going in the direction you need it to go, and the folks against you have an infinite amount of money more than you.

TA is completely and utterly useless here.

Suicide, in my opinion.

Thanks boss.

With all the talk about EurUsd being the highest vol instrument, 10 times or more the size of NYSE vol, 3T per day, what org has this tye of firepower to manipulate it?

 

[Ivanovich]

Quote from deadbroke:

Thanks boss.

With all the talk about EurUsd being the highest vol instrument, 10 times or more the size of NYSE vol, 3T per day, what org has this tye of firepower to manipulate it?

No org can manipulate it directly. But indirectly, the shepherd can lead the world by:

1. Providing free liquidity to the system.
2. Devaluing the dollar with reckless abandon.
3. Buying up equity markets worldwide (the so called "risk" trade).

Inadvertently, this results in the manipulation of EUR/USD.

 

[deadbroke]

Quote from deadbroke:

Quote from deadbroke:

Call & Trade preparation

Short EURUSD trend following big-pip, duration = months, Trend quality expected = ferocious (10 on a 1-10), entry band = 1.4845 -1.4972, destination = min. 1.2247, likely = 0.8713

trade failure point = canceled if Price > Oct 26 high by even a fractional pip = if so, then instant bad call = trash bin = I won't be offended

Risk = 200+ pips

Reward = huge i.e. many many multiples of Risk

I want to enter 1mL around 200 m.a. also = 50% Fib on 60-min., then gradually scale in 1 mLs if correct.

Thinking: EurUsd's 5-wave drop on 60-min. + ongoing likely 3-wave upmove = Tsunami's signature or footprint = hibernation since March 09 is over.

------------------------------------


Will have an updated chart when things clear up on 60-min.

The moment of truth is close re: my call on EurUsd.

The impulse upwave I was looking for is here in spades. So we are down to just 2 questions .....

is this impulse the wave "C" I outlined before or is it a whole new upwave that will take out the Oct 26 top? The latter is nagging because there is a triangle (blue lines = wave B) in the 1H pattern, so it is possible.

but there are outpoints with this triangle, like wave C of B is just too short, but hey the Market's the boss.

If a triangle, I'm screwed. Why? Because by definition the entire down move from Oct 26 top becomes a 3-wave move = dominant trend is UP.

Another statistic for the 95% loser syndrome?

 

[deadbroke]

sorry, the 4th line should read ....

like wave C of the A-B-C down from Oct 26 top is just too short

 

[cabletrader]

Quote from davidmaria1:

As it happened, the pair did not reach my limit orders, so I went long manually at 9079 9048 8966 8938 and 8934.
Closed all at .9037, just below the daily pivot, 2 for a loss, remaining 3 for a gain.
Never did have any prune juice, however, when price dipped below .8920, I nearly shat anyway..:eek:

LOL

Hey what's this, averaging!!! :eek:

Why didn't you scale out and let some run for a bit, it pays pretty good interest too!