The Captains Chest - Naked Trading & Other Stuff

InfiniteLoop · Post by **InfiniteLoop** » Wed Dec 09, 2015 1:56 pm

they're lucky I am out of capital

PipTraweler

they reached a higher level at 1.0969 for EURUSD

InfiniteLoop · Post by **InfiniteLoop** » Wed Dec 09, 2015 2:01 pm

people don't be afraid, they are acc. a lot of orders short term, a lot of pairs are gone change direction today

ChristianK · Post by **ChristianK** » Wed Dec 09, 2015 2:13 pm

InfiniteLoop » Wed Dec 09, 2015 12:11 pm wrote:
Tom822 » Wed Dec 09, 2015 12:00 pm wrote:InfineLoop has right - it also can go down, it's forex and that what we are doing here is speculation...of course, we all trying to increase our chances and take more good than bad decisions. Generally, today is a mid-week and this also increase the chance that AUD/USD will go up but only if this "W" will be formed.
I don't speculate, I interprete the current state of market position, interpretation can be wrong or right, but it's not a speculation

speculation implies that decision is not based on knowledge or facts

W might form, but only if they acc. enough orders on the leg down, which I doubt will be enough

For AU H1, what i think it is currently at down Level 1 ... So may be has room for more downtrend direction.

InfiniteLoop · Post by **InfiniteLoop** » Wed Dec 09, 2015 2:16 pm

carefull with USDJPY, it will go in range or more down

PipTrawler · Post by **PipTrawler** » Wed Dec 09, 2015 2:18 pm

InfiniteLoop » Wed Dec 09, 2015 1:56 pm wrote:they're lucky I am out of capital

PipTraweler

they reached a higher level at 1.0969 for EURUSD

Infinite are you referring to that last hour close ? Largest bar of the day up to now..... sucker candle ?

Tom822 · Post by **Tom822** » Wed Dec 09, 2015 2:18 pm

AUD/CHF should go up. Nice "W" pattern, 3rd level and nice pin.

Check also AUD/JPY, there also is an "W" and wonderful pins.

InfiniteLoop · Post by **InfiniteLoop** » Wed Dec 09, 2015 2:24 pm

PipTrawler » Wed Dec 09, 2015 2:18 pm wrote:
InfiniteLoop » Wed Dec 09, 2015 1:56 pm wrote:they're lucky I am out of capital

PipTraweler

they reached a higher level at 1.0969 for EURUSD
Infinite are you referring to that last hour close ? Largest bar of the day up to now..... sucker candle ?

there's a level at that price quote, and a less important one at 1.0983

InfiniteLoop · Post by **InfiniteLoop** » Wed Dec 09, 2015 2:25 pm

carefull with AUD and NZD, there's something wrong

ChristianK · Post by **ChristianK** » Wed Dec 09, 2015 2:37 pm

InfiniteLoop » Wed Dec 09, 2015 2:25 pm wrote:carefull with AUD and NZD, there's something wrong

Could you pls help to explain little bit more what do you see / what is wrong with nzdusd? Because i may missed it. Please comment on below nzdusd H1 chart. To me, it is currently at Level 2.

InfiniteLoop · Post by **InfiniteLoop** » Wed Dec 09, 2015 2:44 pm

ChristianK » Wed Dec 09, 2015 2:37 pm wrote:
InfiniteLoop » Wed Dec 09, 2015 2:25 pm wrote:carefull with AUD and NZD, there's something wrong
Could you pls help to explain little bit more what do you see / what is wrong with nzdusd? Because i may missed it. Please comment on below nzdusd H1 chart. To me, it is currently at Level 2.

For AUD and NZD, acc. doesn't support that low today, so before it moves up, there should be more acc., so a move down, not necessarily a lower low, but in that region

nothing to worry about, long term direction is up