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  • EUR/USD munching through orders

    From forexlive.com

    EUR/USD at a session high, 1.2933. Strong offers seen at 1.2945/50, more stops above

  •  Guest
  • | IP XX.XX.199.147
pair standing on its resission and most of the trader looking for sell, but market big players just playing opposite the sentiments.......................... a usual game again and again,,,,,,,,
they are making their pockets fatter n fatter my making us Fool
Anas Farooq
Fu**k
Quoting speedoITrade
Fu**k
hahha really u realized it now ??
Anas Farooq
  •  Guest
  • | IP XX.XX.255.132
where is debt crisis, negative outlooks, ratings downgrades, etc.? problem solved in 5 days. so fast.
That is my favorite strategy!
=> enter below or above within 30 pips from the round number.
=> put your stop below or above 50 pips from the round number
=> take 100 pips for profits...
Anyone have any idea what the reason for that move was? Been digging around but cant get muh info seems the Euro/Yen moved the most.
Officer ... I swear to drunk I am not God
I'm waiting for it to drop again to get ready for it. Either starting new trend to get in or they are running it up to drop it on us
A woman drove me to drink, and I forgot to thank her
  •  Guest
  • | IP XX.XX.91.6
Quoting Fidza
Anyone have any idea what the reason for that move was? Been digging around but cant get muh info seems the Euro/Yen moved the most.
some new illussion of bailout
will end friday as last black friday on the ride coaster hahahaha
by the way boj look as if intervening slowly
recently jpy looks weak
Don't forget London is closed!
It's simply a stop hunt!
Liquidity is getting lower with the closing of London.
The only way to gain liquidity is by hunting stops...
Very common...
Quoting Fidza
Anyone have any idea what the reason for that move was? Been digging around but cant get muh info seems the Euro/Yen moved the most.
E/J sucks... i sold it at 98.95 with a SL of 99.95 and since then it keeps shooting upside.... i just went for quick dinner few minutes back & when i cm back i saw it hits my SL went up 5 more pips to 100.00 and now down 30 pips and still slipping... i can't get more worse than this...
Low volume trading. It is moving up in spite of itself. We will see a quick big move down to get back where it is suppose to be.
I am really anxious to know what the hell just happened, couldnt be just the Euro bulls, because EUR/CHF has not budged, Yen pairs moved the most hinting at Japan having something to do with it, but Oil has dropped suggesting USD strenght so how does this all work , this time I am seriously confused at this movement.
Officer ... I swear to drunk I am not God
Quoting Forexgain
E/J sucks... i sold it at 98.95 with a SL of 99.95 and since then it keeps shooting upside.... i just went for quick dinner few minutes back & when i cm back i saw it hits my SL went up 5 more pips to 100.00 and now down 30 pips and still slipping... i can't get more worse than this...
Its better to place SL above round figure and TP below round figure.
Quoting joynal2u
Its better to place SL above round figure and TP below round figure.
Yes, i should have (my bad luck) but i never thought of moving this pair so much without any damn reason.

Today market is moving in a strange manner and all the stupid movement today going over my head as i am not able to get any single damn reason 4 such strange movement....

OIL, GOLD, SILVER etc. down signals strong USD but at the same time EUR moving up...
Quoting Guest
pair standing on its resission and most of the trader looking for sell, but market big players just playing opposite the sentiments.......................... a usual game again and again,,,,,,,,
Indeed. Market likes to cause maximum pain.
Nothing worth having is easy.
Quoting klinckphilip
Low volume trading. It is moving up in spite of itself. We will see a quick big move down to get back where it is suppose to be.
imagine that your "low volume" has stopped drop at NY open last friday (1.263), monday accumulated positions during last US holidays and then at Sydney and Tokyo open accelerated price which is still going up. this is "low volume" which creates 4 days and 280 pips - "low volume" is working that way.
  •  Guest
  • | IP XX.XX.91.6
Quoting Forexgain
Yes, i should have (my bad luck) but i never thought of moving this pair so much without any damn reason.

Today market is moving in a strange manner and all the stupid movement today going over my head as i am not able to get any single damn reason 4 such strange movement....

OIL, GOLD, SILVER etc. down signals strong USD but at the same time EUR moving up...
who in hell told you dollar is strong today
look at it loosing against most currencies except the weak yen
want to sell euro wasn't it more clever to sell eurousd you are selling eurpjpy at historic lows
  •  Guest
  • | IP XX.XX.91.6
wasn't it better if they do those weird movement with the eurochf taking it sometime up, but no - eurousd up eurochf stall stupid market
Quoting Forexgain
E/J sucks... i sold it at 98.95 with a SL of 99.95 and since then it keeps shooting upside.... i just went for quick dinner few minutes back & when i cm back i saw it hits my SL went up 5 more pips to 100.00 and now down 30 pips and still slipping... i can't get more worse than this...
Well to be quite honest with you, if your trading with a one hundred pip stop your jut begging to be wipped out. Why would you short the pair anyway. its been goign up for three days. Just a stupid rookie idiot thing to do.
Its killing me, WHY?, Why would you short the eurjpy?
Dont you know yet that the jen and usd are almost always either strong or weak together with the eur. Gezz, Read a book or something FOREXGAIN. Don't post your terriible losses on here.
Quoting auddaytrader
Dont you know yet that the jen and usd are almost always either strong or weak together with the eur. Gezz, Read a book or something FOREXGAIN. Don't post your terriible losses on here.
Sure buddy.. i will not btw that was not a terrible one.. that's was just a tiny portion of my this week profit that wiped away. In forex sometimes everyone makes wrong choice (so today i did) and gain/loss is just a part of this gamble game and everyone knows that...
  •  Guest
  • | IP XX.XXX.138.145
damn wanted to short gbpusd 1.5485 but went to short eurousd 1.2930
if i had done for gbp now i am 25pip, waiting eurousd to drop to 1.2905 no more
it seem now a dream to come through hehehe
  •  Guest
  • | IP XXX.XXX.67.132
This is a classic bull trap...
  •  Guest
  • | IP XXX.XXX.6.212
can any one here tell me that in which direction gold will move in next 24 hours??
  •  Guest
  • | IP XXX.XX.214.197
holding short position, eur to drop back 1.27 or lower by month's end
EU's bailout fund capacity can be adjusted by governors-draft http://reut.rs/y6e5OE
ESM draft agreement only a piece of paper, there is nothing behind it quasi.
Quoting Guest
can any one here tell me that in which direction gold will move in next 24 hours??
Yeah , it will go up over the bridge , left at the junction, straight through the park, left at the lights, right into the driveway and straight through the cat flap.And that's all in the next 2 hrs its anyone's guess where it will go in the 22 hrs that follow.
Officer ... I swear to drunk I am not God
lol
  •  Guest
  • | IP XXX.XXX.6.212
amazing man, i like your guess.
EURO-DOLLAR: Euro tightly wound up, tests $1.2940 but has a hard time
pushing through offers in the $1.2945-50 (barrier at $1.2950) area.
Offers, then stops ahead of $1.2980 and again ahead of $1.3000.
  •  Guest
  • | IP XX.XX.91.6
Quoting Guest
can any one here tell me that in which direction gold will move in next 24 hours??
not below 1600 or above 1680 for sure
  • Comment #35
  • Quote
  • Edited Jan 20, 2012 2:54am Jan 19, 2012 2:36pm | Edited Jan 20, 2012 2:54am
Every one are nice with your thought, but to all of them Euro had lots of Sell orders from last 4 month, now it time of USD that means buy orders,
In my indicator or Divergence it is Classic BULL in Daily chart and Weekly chart closing at 1.47 then god know in more up and US has got more debt than EURO
  •  Guest
  • | IP XX.XX.91.6
Quoting Aaryan
Every one are nice with your thought but all of them Euro had lots of Sell orders from last 4 month, not it time of USD that means buy orders,
In my indicator or Divergence it is Classic BULL in Daily chart and Weekly chart closing at 1.47 then god know in more up and US has got more debt than EURO
until euro close above 1.30 one day do not get too optimistic
Quoting Fidza
Yeah , it will go up over the bridge , left at the junction, straight through the park, left at the lights, right into the driveway and straight through the cat flap.And that's all in the next 2 hrs its anyone's guess where it will go in the 22 hrs that follow.
good answer.........
  •  Guest
  • | IP XX.XXX.14.184
nothing unusual.
1.40 + again by summer.
don't forget us bad news will come as well...
what did you expect?
euro reached its 16 months low, now it's getting up again. logical move.
  •  Guest
  • | IP XX.XXX.14.184
i just hope it will take eurchf with it.
snb do something - at least some rumours
Hey what happened to all those offers at 2945???? You mean they were made up? oh yeah and the stops above them?? Forexlive must have an explanation
Its simple but not as simple to say.. recognizing the pattern is must must thing .. it was so much oversold, that it had to come up, broke the highs on Friday, showing Big players are going long .... only to get sold momentarily with the downgrades, and as soon as bears slowed down those BIG players step in LoNG again.
  •  Guest
  • | IP XXX.XXX.187.28
To the traders here who are having a rough time, Please remember that the financial markets are designed to ensure the destruction of your capital. It's an environment that is structured to punish the uniformed and inexperienced. Unless you can reliably trade a market profitably over an extended period of time you shouldn't be in that market. Only with the experience gained over a period of time should you be considering trading any financial instrument..

mike
This big players
shambar
  •  Guest
  • | IP XX.XXX.127.131
anyone with the idea of ftse opening direction tomorrow.
ATTENTION NEW TRADERS WHO DON'T UNDERSTAND THIS WEEK'S BULL MOVE:

Here are the basics, not even including advanced signals...

So... I see a clear morning star candlestick formation on the daily chart(this week Monday/Tuesday candles). Folks - thats a bullish signal to traders that price may begin to reverse.

Furthermore, on a weekly chart, in terms of Elliott Wave analysis, there is a pretty clear formation called an expanded flat that has been unfolding for quite sometime... in this instance - another bullish signal.

Should price continue to hold this level (or higher) through friday's close, we should see a bullish engulfing candle on the weekly charts as well, another bullish signal we can confirm next week... This following an inverted hanging man pattern on the weekly charts for last week... another bullish signal to alert traders to be aware of a potential move UP...

Also, we have a large confluence of fib measurements within 12 pips of the bottom... another signal to traders to look for a reversal...

Huh? whats that?... oversold momemtum indicators.... another bullish signal...

information for this move is abundant - it is right in front of you on your charts

Read the charts - dont just look at them - READ THEM.... all the answers are there

And most important - quit listening to forexlive, and anyone else for that matter - count ONLY on your own analysis...

ask yourself this - would you give your money to someone to invest on your behalf if they were asking everyone else what to do with it? If your answer is "hell no" - then stop doing it yourself!!!

Take time to educate yourselves. There is MUCH to learn before diving in...
  •  Guest
  • | IP XXX.X.198.98
Going Down... starting right now...
Quoting Guest
To the traders here who are having a rough time, Please remember that the financial markets are designed to ensure the destruction of your capital. It's an environment that is structured to punish the uniformed and inexperienced. Unless you can reliably trade a market profitably over an extended period of time you shouldn't be in that market. Only with the experience gained over a period of time should you be considering trading any financial instrument..

mike
mike is informed one - by who, mike? have an deal with Hildebrands? be generous share your info, please.
I agree the fundamentals point higher, my view around 1.31 before momentum turns. Problem is this flies in the face of the key fundamental - that Europe needs a lower Euro to make them competitive and perhaps provide a little economic growth. It should be south of 1.20! But thats not our problem, so lets trade on what we see, both up now, and down in a couple of weeks.
Eur getting a headache around 1.2966 tonight, having a hard time breaking thru. If it goes, look for 1.3000. Hugh cluster tonight at 1.2966. Look at the 4hr back in Dec 21-28 how it couldn't break 1.3072. Fell hard and retested then fell hard again. Maybe setting up for the same pattern?
  •  Guest
  • | IP XXX.XX.231.26
Down trend starts towards today closing time for Eurusd. I think it will roam from 1.3020 t0 1.2830.
Quoting Pip Sniper
Eur getting a headache around 1.2966 tonight, having a hard time breaking thru. If it goes, look for 1.3000. Hugh cluster tonight at 1.2966. Look at the 4hr back in Dec 21-28 how it couldn't break 1.3072. Fell hard and retested then fell hard again. Maybe setting up for the same pattern?
as you said it may be but i can smell something mysterious in this ride ...............what do you think
narender sehrawat from india
haven't we seen this movie before?
  •  Guest
  • | IP XX.XX.91.6
Quoting deanoracer
ATTENTION NEW TRADERS WHO DON'T UNDERSTAND THIS WEEK'S BULL MOVE:

Here are the basics, not even including advanced signals...

So... I see a clear morning star candlestick formation on the daily chart(this week Monday/Tuesday candles). Folks - thats a bullish signal to traders that price may begin to reverse.

Furthermore, on a weekly chart, in terms of Elliott Wave analysis, there is a pretty clear formation called an expanded flat that has been unfolding for quite sometime... in this instance - another bullish signal.

Should price continue...
A bullish form reversal candle at any time frame do not guarantee that the next candle would keep going up. You can see it go to the highest price reached of the previous candle and keep going down from there.
or make a more highest level then continue the down move closing lower
the pair now move is not about technical charts or anything but about some kind of slow intervention related to the yen, this explains why eurochf is not moving same way. eurousd might be found at 1.40 and eurochf will still stall at 1.2060-00 this is a suspicious move!!!!!!!
maybe SNB pressed the wrong trigger of a slow mode - hehehe

I can see a potential move on the daily chart to strong resistance between 1.3120/40 to then fall to 1.29 as first move, but now it must find resistance 1.2981-00
The 2010. Few people believed that EURUSD goes under 1, 2. I did not believe it. But before whole beautiful one got there there were elevations, and some appeared trend turn. The forex was shouting from the parity already on 1,2 of his neighbourhoods world. I was 1, 193 then long. The situation is similar according to me. This elevation is not a trend turn yet.
Quoting deanoracer
ATTENTION NEW TRADERS WHO DON'T UNDERSTAND THIS WEEK'S BULL MOVE:

Here are the basics, not even including advanced signals...

So... I see a clear morning star candlestick formation on the daily chart(this week Monday/Tuesday candles). Folks - thats a bullish signal to traders that price may begin to reverse.

Furthermore, on a weekly chart, in terms of Elliott Wave analysis, there is a pretty clear formation called an expanded flat that has been unfolding for quite sometime... in this instance - another bullish signal.

Should price...
You are right, I appreciate your Knowledge. thanks for your your valuable thought my indicator in Divergence is reverse classical bulls in Daily and weekly chart
so bear woke up this morning?
  •  Guest
  • | IP XX.XXX.13.3
You are right EUR should drop back before the end of the year. foolish me, i should have thought of this before.

GOLD
it a two ways trade. either buy or sell
moving at a very high speed to either direction. one thing have learned is that with 200USD splited on two platform one (100USD) sell and the other (100USD) buy. Either ways MInimimum of 1000USD in one day.............olamide Kins
True, a bull candle is not a guarantee of a reversal - NOTHING is a guarantee... NOTHING...

It is a clue.... price is giving you a potential clue -listen to it. I notice many traders on here crying about how they do not understand the bull move....

regardless of fundamentals - the analyticals are right threre... CLUES everywhere to stay out of short positions for the time being...

these are basic analytical skills that can ADD to your knowledge base, maybe help you stay out of bad trades... My apologies if you disagree, I grabbed 290 pips long on the euro this week, because adding the CLUES to my overall analysis told me too stay out of shorts!!!!!!!!!!!!!!

Again, my apologies if you disagree, I am simply saying that price gives us clues, never a guarantee...

Quoting Guest
A bullish form reversal candle at any time frame do not guarantee that the next candle would keep going up. You can see it go to the highest price reached of the previous candle and keep going down from there.
or make a more highest level then continue the down move closing lower
the pair now move is not about technical charts or anything but about some kind of slow intervention related to the yen, this explains why eurochf is not moving same way. eurousd might be found at 1.40 and eurochf will still stall at 1.2060-00 this is a suspicious move!!!!!!!
maybe...
Quoting Fidza
Anyone have any idea what the reason for that move was? Been digging around but cant get muh info seems the Euro/Yen moved the most.
it was to eat everyone's stoploss, thinking in terms of orderflow. big money to be had by big players on the long side. nothing else matters, not news, not fibo, not trendline nothing, ask yourself where are everyone's stoploss placed and trade in the direction of attack.
  •  Guest
  • | IP XX.XX.91.6
Quoting deanoracer
True, a bull candle is not a guarantee of a reversal - NOTHING is a guarantee... NOTHING...

It is a clue.... price is giving you a potential clue -listen to it. I notice many traders on here crying about how they do not understand the bull move....

regardless of fundamentals - the analyticals are right threre... CLUES everywhere to stay out of short positions for the time being...

these are basic analytical skills that can ADD to your knowledge base, maybe help you stay out of bad trades... My apologies if you disagree, I grabbed 290 pips long...
well done for 290 pips by buying euro but I had been selling euro consistently from 1.45 at each swing move as medium trade and 3 long term trading
just keep in mind euro destiny is down nowhere
this is only a normal correction despite I see it suspicious but still normal to keep riding down later.
Any day close below 1.30 mean downtrend riding still running
nothing is guaranteed right and clues might be found, in between sometimes a non experience trader might trade right by just seeing a spike or continuous move and riding the trend, might get it right but this isn't forex trading
no need to apologize u might sometimes be right as the seeing spike trader
but be careful and do not get into too technical, anyone who believe that yesterday euro move is pure technical or fundamental then simply knows nothing about the market that can move sometimes with nonsense reason if not to say conspiracy in somewhere happening
the famous phrase that say the market is always right and a trader must search for what caused a sudden unexpected movement is a big lie phrase spread in the market especially for forex beginners to think that it's always their fault not an outside conspiracy between central banks or big players
when you know that then you never blame yourself for any wrong trade ofcourse in cases like yesterday surprise movement
do not worry market would find another stupid reason to dig euro back down down and it would mostly be today a black friday as last week
  •  Guest
  • | IP XX.XX.91.6
trading the us existing home sales
whatever market go from there join the trend till end of day- just an advice
Again, if you are not a new trader, this msg really wasnt intended for you.

Stop Loss Hunts, Fundamentals, Technicals.... these all offer CLUES.

FACT: 90% of new traders fail. FACT FACT FACT

I dont care that the currency pair went up... it did, thats that. I was able to recognize that shorts may be a bad idea at the beginning of the week...

Although very colorful, I am not the sharpest crayon in the box, so if I can do this, anyone can.

Putting it all together takes years... I agree with you...

Alot of new traders had their lunch handed to them this week, many probably still holding the bag. So they post on here they need to know why... I was just offering a cpl of basic signals that they could have recognized... just a couple is all, there were many more in my opinion...

Sometimes the best trades are the ones we do not take... especially as a new trader...

If 90% of traders fail... I certainly do not want to do what they are doing based on the latest free ebook... good grief, thats nuts... I do the opposite usually... because those are the 10% that succeed

Obviously, if you are short from 1.45 - you know exactly what you are doing and obviously are part of the 10% club... and congrats on that trade by the way

I am not a part of the 90% club, to escape that club, I believe a trader has to think outside the box... with different perspective... that was all I was offering...

No one knows where the next pip will be... Professional traders put themselves on the right side of probabilities using various technical strategies, fundamentals, stop loss hunts, whatever - the point is, seasoned traders recognize these so called CLUES and we use them -new traders do not, hence the failure rate...

I know what the new traders went through this week, at some point every trader has that really crappy day/week... I hope just one thing said amongst our discussion helps at least just one of them.

Thank-you for the great dialog... Happy Trading...


Quoting Guest
well done for 290 pips by buying euro but I had been selling euro consistently from 1.45 at each swing move as medium trade and 3 long term trading
just keep in mind euro destiny is down nowhere
this is only a normal correction despite I see it suspicious but still normal to keep riding down later.
Any day close below 1.30 mean downtrend riding still running
nothing is guaranteed right and clues might be found, in between sometimes a non experience trader might trade right by just seeing a spike or continuous move and riding the trend, might...
  •  Guest
  • | IP XX.XX.91.6
Quoting deanoracer
Again, if you are not a new trader, this msg really wasnt intended for you.

Stop Loss Hunts, Fundamentals, Technicals.... these all offer CLUES.

FACT: 90% of new traders fail. FACT FACT FACT

I dont care that the currency pair went up... it did, thats that. I was able to recognize that shorts may be a bad idea at the beginning of the week...

Although very colorful, I am not the sharpest crayon in the box, so if I can do this, anyone can.

Putting it all together takes years... I agree with you...

Alot of new traders had their lunch handed to...

all is not important but just this from what you said:
"Sometimes the best trades are the ones we do not take...": agree
but disagree for: "especially as a new trader..."

You must be a Real Good Trader(not new trader) at first to pick right trades(mostly)

Right, if a Real Trader take all trades possible(MM consideration too) at end of day or week or month, trader would find that more than 80-85% were right
so never say if, take the trade then think later why it went wrong if it does but with SL background

euro triangle is beginning to squeeze time of reality is soon
my analyse set both probable options up/down
but more favoring down coz history repeat itself and it would be difficult for 1.30, it had reach 1.2986 and didn't break but fell again
so more preferable is that
but on the other hand there might be other thoughts by big players and central banks about euro situation that give my mind thoughts of up move as 1.2890 turning to potential reversal point from recent fall from 1.2986
now we'll wait for breakout of the triangle
break of 1.2890 is favoring once again down move to 1.2840 1.2800 and 1.2750

Enjoy Trading
My ten day look outlook, by now most retail traders are preparing to buy the eurusd. So I am expecting Monday to look really strong possibly 1.30 or 1.31. Then a hard fall to 1.26-1.27 to scare most of the traders out of their longs. Then we go up again
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  •  Guest
  • | IP X.XXX.25.27
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  • Posted: Jan 19, 2012 11:53am
  • Submitted by:
     Newsstand
    Category: Medium Impact Breaking News
    Comments: 64  /  Views: 13,204