Forum
Posts by "bear"
17 Posts Total by "bear":
3
Posts by Anonymous "bear":
May 10th is BOE day...what are the chances of a 25bps raise?
UK CPI running at +3.0% with an upper limit of 2%?
Not sure what is holding this thing up? Even Soros advertised the need to lower the GBP to encourage trade preferences.
when you are losing in a trade, make the next trade even better and it improves your mood instantly and clears the clouds.
So, we have (2) two 900+ pip impulsive waves down on this embattled E/U pair and are now coming to the end of a 'shallow' correction. We should see another 700-900 pip move down...take today's high of 1.3826 and tell me why the rumor of a Greece bailout didn't take this pair up higher? The answer: It was nothing but noise folks!
The .618 retracement of the prior decline is at 1.3858...and the .236 retracement of the larger wave down from 1.5150 is 1.3942 (2nd option).
Now ask yourself...If I'm expecting a 700-900 pip move down from these levels...wouldn't that settle around Mr. Laidi's 1.32, Morgan Stanley's 1.2800, and Goldman Sachs 1.2000? It took the last retracement from 12/22 - 1/13 to move 400 pips in 21 days...in just 24 days we moved from 1.4600 - 1.3600 - smashing 1,000 pips down in nearly the same time.
I think when he gives you a figure, you need to sit down and analyze your responsibilities in executing the trade.
Congratulations on the short list for SHORTY AWARDS!!!! It's time to dedicate a thread on the forum to it right?!? Honestly, I think it would be wise just to get the votes rolling!!!
It's amazing to see you topping the charts as one of the finalists! We all know you work extremely hard and deserve the award - regardless of the outcome.
On a personal note, you need a bio on here too so we can come to know the man behind the mayhem. Too many fans not to have a bio (we're all dying to know your favorite movie tag line) :)
Gold weakening in volume and price...what are the fundamental catalyst that you see most affecting the price of gold right now? Better stated, If I were working for you at CMC...which intermarket patterns would you have up for studying future gold prices? :)
Once it drops Chloe, it's going to be a very long and fairly fast fall (relatively speaking)...it's going to fall some 600-700 pips. I see 1.5700 in scope.
In channel now headed for 16330.
I am waiting for a break of either 16310 (upside) or 16260 (downside) to enter a position. I see it going long at the start of the US session. Looks like it could be range bound until news breaks in US session. I took 2 different positions at 16275 and rode them up to 16300 for a quick 25 pips but takes forever.
good luck all
You ever study EW Theory? Does your other forum 'respected source' trade based off of EW theory?
Here's my groups blog: http://ewsurfreport.blogspot.com/
*** Please note to all posters - that this is NOT FIRM INFO and you should do your own analysis - EW is very tough to call on the spot!
My twitter is: @forexmajors