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  • Euro zone reaches deal on second Greek bailout package

    From reuters.com

    Euro zone finance ministers struck a deal early on Tuesday for a second bailout program for Greece that will involve financing of 130 billion euros and aims to cut Greece's debts to 121 percent of GDP by 2020, EU officials said. "The financial volume (of the Greek package) is 130 billion euros and debt-to-GDP (will be) 121 percent. Now it's down to work on the statement," one official involved in the negotiations told Reuters. Another official confirmed that the financing would total 130 billion euros with the aim of reducing Greece's debts from around 160 percent of GDP now to 121 percent by 2020.

up n down !! what a rally!
uppppppp
Nice one, I was losing and then a spike came along and saved me
my friend has TP in 5790 ( gu ) lol
we are all saved! looks like a fade coming........
  •  Guest
  • | IP XX.XXX.108.228
Roller Coaster all evening up 'n down... now up again. Let's see how long it last this "Greek problem solved in 1 bar"
  •  Guest
  • | IP XXX.XXX.140.100
oh,my god, my short in asia!!!
This is crazier than a European session! :-)
  •  Guest
  • | IP XX.XX.101.14
This new release are the new "market tips" nice way to manipulate the market....
  •  Guest
  • | IP XX.XXX.11.239
OMG lost 80 pips!
Get faded.
At 2:50 am ,its good to know these Assh%&es are losing sleep over this damn thing as well, sure makes me feel better lol
  •  Guest
  • | IP XXX.XXX.177.252
going buy but dc wth....
  •  Guest
  • | IP XXX.X.28.194
Rent paid for 4 months. Went long. Oh yeah!
  •  Guest
  • | IP XXX.XX.117.178
WTF?
hmmm hahahah still a long way to go greece..
OMG 80 pips man.........that's a killer! I was short and exited about 10 min earlier - postman knocked on the door - life saver!!
  • Post #18
  • Quote
  • Edited at 10:23pm Feb 20, 2012 10:05pm | Edited at 10:23pm
market is hysteric...1.36
Fade away, my friends. Time to bring the short irons out.
If they agreed to cut 130 billion off, then they should be worried about 10 times of this figure in the future for Portugal, Italy, Spain...the euro should go south not north. The market goes the wrong way.
25 min some stocks markets are going to open, we can see more spikes that time
  •  Guest
  • | IP XXX.XXX.165.14
i sellllllllllllll wow
terrible ! i lost all of the pips gain this morning !
Now. Just crossing your finger that those rating agency announce anything surprise.
I think the Euro debt crisis has been solved now, and we can move on to normal markets.
  •  Guest
  • | IP XX.XXX.91.180
I don't understand the cause for jubilation just because their got extended repayment terms on their global charge card. What is the point if there is insufficient income to cover the old debt let alone the new debt? Were this a company rather than a country their stock would be sold off.
Don't know which one is true news anymore.
anytime it will come down...
dont dream of coming down..may reach 1.4
Quoting fierceman
I think the Euro debt crisis has been solved now, and we can move on to normal markets.
Is this a joke?
  • Post #31
  • Quote
  • Edited at 10:47pm Feb 20, 2012 10:16pm | Edited at 10:47pm
All this hype and only 100 pips in 20 minutes?
I don't believe this rally is going to last. Another fake.
Do you know why it stall? Big money is selling the rally.
hey where is the 1.26!!!!
Quoting abshehu
hey where is the 1.26!!!!
Just above 1.25 and below 1.27 hehehe
Quoting Guest
OMG lost 80 pips!
wow where is ur stop loss man
it's overbought now. Greece happy other country crying
The problem was not solved, they kick the can down the road. Euro should fall not up, market goes the wrong way or here another "trap" of ripping off the small traders again.
yeah, car loan paid off in 3 mins!
20 minutes for 100 pips is alot lol. Consider no government interference the market.
If the bailout package is approved, there could be the potential to capture 500 pips ??????
Cant tell how much I love my SL LOL what a life saver =))
May be all of us must be wait longer for a 100 pips down candle since 20th March is now far away
Watch this little Eur coming down when London opens.
Quoting robert7
dont dream of coming down..may reach 1.4
Greece is not saved completely buddy. You can see 1.2 for sure. May be delayed by sometime because of the hopium. One day inevitable Greek default will be known. We will see that day.

ADD: so buddy, stop dreaming of 1.4. May be 1.36 or 1.37, not more than that.
  •  Guest
  • | IP XX.XXX.131.32
Greece gets $130 billion new while bagging current bond holders to the tune of $100 billion. Some deal! Nothing has changed except uncertainty. It is still doomed.
  •  Guest
  • | IP XXX.XXX.253.90
That photo in the article is terrific... look who has the biggest smile out of the two finance ministers! says it all really
Quoting Subdude
Is this a joke?
What can I say? I love dark humor.
  •  Guest
  • | IP XX.XX.243.132
I still say to sell Euro with buy stop above 1.3360
to grant bail is not good for the long-run
better to correct root causes for which this critical situation arose
Muhammad Yaseen (Forex-1997)
lols, twitter can move better than this...
Quoting TraderUSA
The problem was not solved, they kick the can down the road. Euro should fall not up, market goes the wrong way or here another "trap" of ripping off the small traders again.
Yes. It's wrong direction.
  •  Guest
  • | IP XXX.XXX.48.84
I believe EU and others will go down if the closing in 40 minutes is doji or close to because AU is 100% going down for a while. It is going to make a correction to 1.5 zone. Then prepare yourself for long long way. always use a SL.
Up the hill ...enjoy the view cause it won't last long...volume is gone !
  •  Guest
  • | IP XXX.XX.14.90
longed ES
  •  Guest
  • | IP XXX.XX.141.221
Great now we can sell the news and getthe retrace a lot of us have been waiting for back to 1.2800
Yeah the Algos went wild, I still dont know why, this deal was anounced long time ago, no changes or minor changes, but the move was great, thank you.....
Got exit buy signal from my EA. WTF?
Quoting Fidza
They reached a deal at 2:50 am GMT ????
what a bunch of jamoches to do this during the asian sessions. friggin clowns.
  •  Guest
  • | IP XX.XXX.240.195
Greece needed at least 230BN, and we have Portugal, Italy, Spain and Ireland right behind Greece. This is a smoke and mirrors rally based on emotion and psychology. We will see this a short rally and a continued decline in the EUR.
remember, the price action is the span and the price is the arrow, and the price has been excited now to be shot down all the way, and remember what most of you have been saying all the time last weeks: buy the rumour and sell the fact
  •  Guest
  • | IP XX.XXX.195.138
Now QE by EU must follow.
Quoting Guest
Great now we can sell the news and getthe retrace a lot of us have been waiting for back to 1.2800
Oooh that would be lovely..
...devil is in the detail... Greece is like 10 pots with only 9 covers... however they try to cover... they wouldn't be make... when the details come more investors including their citizens will take their money out and park it elsewhere.... smart money will go where it's safe and get the best return...
Until next week. Can I lend you a billion....oh you only make 25k per year....no problem!
Back to 1.325 in 3,2,1 ...go!
  •  Guest
  • | IP XXX.XX.53.22
im newbie.. some of u said this trapped .can explain?
this is not candle bank,thats true?
Right I'm out for now ,will sit back and keep an eye on the 133.20 mark ,if it gets breached ,we should expect further upward movement in Euro/London session,I know that this should have been priced in,but there seems to be a lot of hope out there and that could be about enough to get this pair to break higher. An headline with the word Portugal now might be the next big thing to put some brakes on this pair, but I am biased towards the upside if 133.20 is breached.
Back to 1.3200 hahahaha :lol:
This is a "trap rally" folks. The news does not support the rally at all but opposite. Euro should goes down according to this "kicking the can down the road" the snow ball now is bigger and bigger with Portugal, Italy, Spain, Ireland, Belgium and a whole bunch of them in line for the same treatment. The problem was not solved but more complicate. This is a trap or someone must be real real stupid to support euro rally. The value of euro should be below parity after this. Why up? Stupid move definitely manipulated by dirty hands.
What about sell the news now it is out, can we expect the retrace back down to 1.2800 ?????
someone says "drafting of the deal only just starting" for greek talk...wow..."chilling words"
  •  Guest
  • | IP XX.XX.78.140
What a rally!!! Bravo Greece
  •  Guest
  • | IP XXX.XXX.201.108
Now sell signal, i think
Quoting TraderUSA
This is a "trap rally" folks. The news does not support the rally at all but opposite. Euro should goes down according to this "kicking the can down the road" the snow ball now is bigger and bigger with Portugal, Italy, Spain, Ireland, Belgium and a whole bunch of them in line for the same treatment. The problem was not solved but more complicate. This is a trap or someone must be real real stupid to support euro rally. The value of euro should be below parity after this. Why up? Stupid move definitely manipulated by dirty hands.
yes, definely a trap, since you only need to remember what happened after ECB completed the bond swap...the eu went down after a spike up reaching 1.32...and stopped only at 1.2997...and same is going to happen before european market opens
Wait till Euro market open ? How is the price movement ?
If they break 1.3222, beware : 1.3450 ; 1.3550 ; 1.3600 .
Ready to ride your horse going down and down.
but watch the US market
Quoting TraderUSA
This is a "trap rally" folks. The news does not support the rally at all but opposite. Euro should goes down according to this "kicking the can down the road" the snow ball now is bigger and bigger with Portugal, Italy, Spain, Ireland, Belgium and a whole bunch of them in line for the same treatment. The problem was not solved but more complicate. This is a trap or someone must be real real stupid to support euro rally. The value of euro should be below parity after this. Why up? Stupid move definitely manipulated by dirty hands.
No one is stupid here buddy, just hopefuls trying to make a buck by analyzing technicals and fundamentals. Kicking the can down the road as you put it is the new way of the markets , everyone is doing it, Europe is doing it, US is doing it ,Japan has been doing it for god knows how long and soon everyone will follow, its a question of who can kick it further now.
let's see if they'll try now to bounce Euro back up...
Quoting TraderUSA
This is a "trap rally" folks. The news does not support the rally at all but opposite. Euro should goes down according to this "kicking the can down the road" the snow ball now is bigger and bigger with Portugal, Italy, Spain, Ireland, Belgium and a whole bunch of them in line for the same treatment. The problem was not solved but more complicate. This is a trap or someone must be real real stupid to support euro rally. The value of euro should be below parity after this. Why up? Stupid move definitely manipulated by dirty hands.
Ok, let me ask you the stupid question... why should it go down NOW as opposed to three of the last five weeks? It went up from 1.2635 to almost 1.3350... what makes you think all of a sudden traders are going to not have shit for brains when this news comes out? It should have never made it higher than 1.2900.
  •  Guest
  • | IP XXX.XXX.201.69
its a question of who can kick it further now.

really like this sentence
for weeks this piece of crap has been trying to break 1.3320----just cant seem to do it --dont buy into this bs spike up--gonna take a lot more than a bit of news to help this p.o.s out --longer term anyways---i agree traderusa---
  •  Guest
  • | IP XXX.XXX.140.100
me too
Quoting toptrader11
Now. Just crossing your finger that those rating agency announce anything surprise.
So, here is the story.
1. Private investors bought Greece bonds at 20% face value.
2. Greece can't provide 100% value back to the investors.
3. EBC and IMF issues 170B of new Euro and called it bailout, gave it to Greece
4. Now Greece can give money back to private investors
5. Greeks left holding the bag
6. Eurozone still facing a hole size of 170BE

Yeah, problem is solved for sure. Everything is just peachy for Europe.
Way to go a$$holes.
Quoting mike22
Ok, let me ask you the stupid question... why should it go down NOW as opposed to three of the last five weeks? It went up from 1.2635 to almost 1.3350... what makes you think all of a sudden traders are going to not have shit for brains when this news comes out? It should have never made it higher than 1.2900.
because during the hottest greek rumours, the EUR has been kept strong by central banks to make it look like investors show confidence in the ez, and to avoid the EUR going down the hill(which in turn would look like investors walking away from EUR)...since the deal seem to have been done, there is no more need to manipulate the market like before...sounds simple right?
It's testing EMA 5 . I move all order to BE and wait to see whats next.
Why didn't US equity futures rally higher? Oil barely moved too. dollar yen sold. holding short here.
Quoting mike22
Ok, let me ask you the stupid question... why should it go down NOW as opposed to three of the last five weeks? It went up from 1.2635 to almost 1.3350... what makes you think all of a sudden traders are going to not have shit for brains when this news comes out? It should have never made it higher than 1.2900.
Let me answer you stupid question with my stupid question:
If Eurozone financial problem is not solved why would Euro go up?

The media kept pumping the air with empty news all this time and euro is nowhere near its highs for the year.
  •  Guest
  • | IP XXX.XXX.140.100
just beacause so many traders has the same opinion with you, EUR rally again and again
Quoting Guest
Now sell signal, i think
  •  Guest
  • | IP XXX.XXX.2.88
buy the rumor,sell the fact theory....
now that we have heard the fact/news,its time to sell
short euro yen from 105.90.
Quoting Guest
Rent paid for 4 months. Went long. Oh yeah!
an hour later, that would be two months rent.....
Quoting wlarimer
short euro yen from 105.90.
What is that?
you announcing your trades? or you inviting all to short? or you asking question?
What is this? what kind of kindergarten here?
I'm outtahere. It was fun to watch you.
Quoting Guest
just beacause so many traders has the same opinion with you, EUR rally again and again
wrong guest...

the EUR rally have been only a currency manipulation done by the ECB, supporting the EUR to make it look like investor confidence in the euro area...and done almost always while there was the lowest liquidity in the market, which means tha market has not been participating in the rally starts, but only jumped in half way up...or would you like to buy a broke car in hope that mechanics can make it run,...while many mechanics meeting again and again, talking about if they can make it run, or would you buy a car which IS running?
  •  Guest
  • | IP XXX.XXX.140.100
Why!!!!
Quoting wlarimer
short euro yen from 105.90.
On cash futures ES is back to square zero (right where the "rally" started) so the question is : What rally are we talking about here? Where is it? ...cause I do not see any excited buyers out there.
Quoting Sarkel
Let me answer you stupid question with my stupid question:
If Eurozone financial problem is not solved why would Euro go up?

The media kept pumping the air with empty news all this time and euro is nowhere near its highs for the year.
I'm not the one who said it should go up. I was pointing out what is the difference NOW (hey point here... emphasis on NOW (thats why I capitalized it in the first place) as opposed to the last few weeks when it was climbing. I know the Eur is fvcked and so does anyone else but yet it keeps going up on todays news as well as all the stupid ass rumors the last few weeks. it is a shame that a little piss ant country like Greece can hold the markets of the world hostage for so long. it has been a damn joke for the last six months and more than likely will continue to.
Other then for a few hours I really don't think fundamentals really matter anymore. I'll stick with the techs. Up to 1.34 then down to 1.27...makes sense to me. Happy for a few days....then sad until the next bail out or collaspe.
  •  Guest
  • | IP XXX.XXX.140.100
you mean EUR will continue to rally??


Quoting turanius
wrong guest...

the EUR rally have been only a currency manipulation done by the ECB, supporting the EUR to make it look like investor confidence in the euro area...and done almost always while there was the lowest liquidity in the market, which means tha market has not been participating in the rally starts, but only jumped in half way up...or would you like to buy a broke car in hope that mechanics can make it run,...while many mechanics meeting again and again, talking about if they can make it run, or would you buy a car which IS running?
"short euro yen from 105.90." A nice little 40 pip scalp.
Quoting Guest
you mean EUR will continue to rally??
No, since the deal has been done, the manipulation should stop for a while now and the market will find back to its normal value by around 1.29 maybe a bit lower this time...it can take 4-5 bars on the 4H chart until the downside move strengthens, to find its real market value
  •  Guest
  • | IP XXX.XXX.98.10
Quoting wlarimer
short euro yen from 105.90.
Yey!!..SHORT SHORT SHORT..
when up...im slept
Best trade is to stay out of this stupid EUR
little more up and then down...old story
hy baby go sleep again don't tuch the market.
I was short when that spike happened. Down 100 pips. But then I covered and came out with 30 pips when I closed.
  •  Guest
  • | IP XXX.XXX.151.186
SELLLLLLLLLLL
Quoting turanius
No, since the deal has been done, the manipulation should stop for a while now and the market will find back to its normal value by around 1.29 maybe a bit lower this time...it can take 4-5 bars on the 4H chart until the downside move strengthens, to find its real market value
I can relate to this statement. The markets have been so influenced by headlines that it is exhausted with this. Also the Critical Success Factor for this deal to succeed is, as it says, very critical..... So whether there is enough faith for strengthening the EUR.......i have my doubts.
  •  Guest
  • | IP XXX.XXX.1.119
That doesn't mean that Greek aggreed to the terms and conditions.
  •  Guest
  • | IP XX.XX.52.254
These post are evident of why the ratio of win to lose in FX is a staggering 5:95 . people chose to live in denial rather than just forget about what once might have been and get on board the new trend and make some money.Euro has not sank through all the Greek BS , and now that the damn thing is finally out of the picture (regardless of whether the can was kicked down the road or not, as someone mentioned ,everyone is kicking cans atm),what makes you think Euro has any reason to go south?
  •  Guest
  • | IP XX.XXX.40.54
Buy EUR/JPY Tp= 108.oo !
Let's go back in history, what happened in the markets for the first package of Greek and Irish rescue package at the time of agreement.
Sell!
  •  Guest
  • | IP XX.XXX.11.5
I guess with euro sentiment is changing to the downside, being unable to break 1.382 despite bad data from us ppi and eur bailout. I dont consider this enough to trade. I am waiting for confirmation after which I jump on the ride. that shall a long candle either way.
  •  Guest
  • | IP XX.XX.91.6
Quoting mima
market is hysteric...1.36
dont be optimistic the whole drama deal result is a spike of only 100 pips in eurousd and half or less that number of pips in other pairs which shows that all fantasies of 300-500 pips spike after deal would be done is nonsense
now back to realistic trading enjoy shorting at each spike to 1.3300 bye bye bulls and manipulators story had finished here
market would now search for opposite of ur stupid spikes up bailout reasons to short from now on welcome back bears
Inserted Video
ECB need to weaken the EUR to cover Greek's bail out... Let see...
Spiked only 100 pips, doesn't look good. Will 26th Oct comes back to haunt? Yes, there is a likelihood
  •  Guest
  • | IP XXX.XX.32.66
i always read comments on euro news, its all same like previous euro news comments, one say up, one say down.. lets all say downnnnnnnnnnnn...
Quoting Guest
dont be optimistic the whole drama deal result is a spike of only 100 pips in eurousd and half or less that number of pips in other pairs which shows that all fantasies of 300-500 pips spike after deal would be done is nonsense
now back to realistic trading enjoy shorting at each spike to 1.3300 bye bye bulls and manipulators story had finished here
market would now search for opposite of ur stupid spikes up bailout reasons to short from now on welcome back bears
Welcome back bears! sound nice..
I still believe 26th Oct data will be realised very soon Had expected realistic 200 pips pop North with the agreement, to at least secure 1.33, but what only 100 pips and it's within range, very much contained with 1.33, I'm still bear. But saying that, watch where you are shorting or longing. Risk on factor is dminishing.

Y it took them to early morning to agree the deal - there is only one possible reason, Asian market is usually quiet. The higher they spike eur, the more trouble they are going to find themselves in, in devaluing the euro to sustain Greece bottomless pit. I'm seeing reality bites in. If no more BULL-shit from Euro, we are still very hitting downwards.

BUY HOPE SELL TRUTH.
  •  Guest
  • | IP XXX.XXX.102.15
go go south..break below 1.26 would push eu to 1.2??..
Well if the rumor of central asian banks buying at 1.3232 is true, we will get some risk on North to test 1.33 again before the market starts to bite in.

1.26.......don't dream that low, lets break 1.3 first followed by 1.288. But I would advise you to go with the market trend and not your dream.

For me, though I'm still bear, I buy and sell that's the ONLY way to profit.
  •  Guest
  • | IP XX.XXX.61.31
Hmm lets see 10% of forex investors make 90% of the money..looks like 90% of the people here typing shit like SEELLLL!!! lol..Im a technical trader but it seems to me that nothing happening lately is news. Fundamental traders is this price possibly baked in already??
  •  Guest
  • | IP XX.XX.91.6
YEAH they kept manipulating the eurousd & others price till the end, took it down to 1.3190 to be ready for a contained spike when bailout news is released and that's what happened
a remark here that the spike was under 70 pips first candle(1.3259) market went after down to 1.3235 to continue later a nearly normal to power up move to 1.3292
the whole move show no real bulls or sure decision to let euro break madly upper levels it might happen later on but normally with upward move not spikes anymore
for now euro remain daily bullish until 1.3190 is broke and later looking at 1.3150, 1.3100 to confirm down move to 1.30 again, by that time will see what might happen from there
What do you think? The bailout was already priced in. So now get short because it's far from being a firework and will never be!
Whether one belongs to 10% of your quoted number remains to see What's wrong with sell??? I sell in order to buy, and buy in order to sell. Forex trading is a 2 way traffic - but if anyone is only dreaming of either longing or selling, then the likelihood is they will be in the 90%.

Do I trust technical???? I only use them as reference nothing more than just reference. News is the one that is currency movement, technical - well to me technical works best and most accurate during Christmas period Other than that, it's for reference for me. Good luck!!!


Quoting Guest
Hmm lets see 10% of forex investors make 90% of the money..looks like 90% of the people here typing shit like SEELLLL!!! lol..Im a technical trader but it seems to me that nothing happening lately is news. Fundamental traders is this price possibly baked in already??
I told you, sell the Euro. Look at your weekly chart. What did you see? Talk to me.
i shorted euro/usd few days ago at 1.3040, going to hold for long-term, i just ignored the news of the new bailout agreement, what does that mean any way, 2020 is too far away, any the 130B euro does't going to solve any problem of euro-zone, short euro, peace in mind。。。。。。
in fact it swing every 30 min buy then sell ,sell then buy . and so on.try it and you will understand what i am talking about ..
20-25 pips if not more every 30 min ..do the math how many in the end of the day ...it is the same scinario of yesterday ...low and high is done
love the sell, buy, sell of this morning. 178pips dusted - enough for today .

Who needs techncal trading in a noisy environment. If only technical is adaptive in a chaotic environment, too bad forex is not a belign environment, technical don't work all the time. IF technical works all the time, we'll be all billionaire - no offence to technical but I only use it for reference.

AM still bear but that doesn't mean I only sell!!!
10 pips, 50 pips, 100 pips, does not matter, we're going to the South....remember the 300 pips up rallie at the end of October? dropped after a few hours ..
NEWS, here come the opportunist idiots, yes yes go on waste another 124billion on election and the remaining 14billion to pay the interests on the 20th March then ask for more money again:

@SAMARAS SAYS EUROGROUP DECISION OPENS PATH FOR GREEK ELECTIONS
  •  Guest
  • | IP XXX.X.28.194
keeping Greece should make euro weaker not stronger. They are weakest link. The devil is int the detail- the deal forces psi lossess to 53% which equates to more than 70% in write downs for bond holders bondholders will be forced to voluntary write down debt triggering CDs. The CDs market is about to explode. The reason why markets are down after the news. Eu/us at 1.15 by 2012.
I love this quote from twitter:

1st Greek bailout deal: €110bln. 2nd Greek bailout: €130bln. Greek debt swap: priceless. For everything else, there's MasterCard.
I read about the Greek PSI agreement. Nobody says anything to a deal with private lenders. They decided the haircut of 53%, but with whom they agreed? Do not forget that IIF is only a part of private investors and not 75% as have an understanding. This means that Greece will have to go to CAC (collective action clauses), and if that happens we will have trigger the credit default swaps on March 20. All rating agencies will declare default if we have CAC
  •  Guest
  • | IP XXX.XXX.4.121
Quoting jonahky7
love the sell, buy, sell of this morning. 178pips dusted - enough for today .

Who needs techncal trading in a noisy environment. If only technical is adaptive in a chaotic environment, too bad forex is not a belign environment, technical don't work all the time. IF technical works all the time, we'll be all billionaire - no offence to technical but I only use it for reference.

AM still bear but that doesn't mean I only sell!!!
wow 178pip in today without technicals .. if not use technicals, then how did you do it, if it is ok to ask please
I was replying sarcastically to your 10% winning and 90% losers analogy, rather chuffed about that If you read my post correctly, I use technical for reference, therefore the RS lines. as to whether I use it to trade all my way up to 1.36 or 1.2 - nay. If you are really into technical trading - I seriously urge you to follow those blokes from fxtimes, lmao - if they have really using real money to trade using their technical analysis!!!

This morning wasn't difficult to trade, sell, buy (buy rumor) and BIG sell. Typical after a big day event. I'm still sticking to my 26th Oct data, it's darn accurate so far and is coming true.

Euro is still over valued.

BTW, I changed by 178 pips, just hit 200pips that's it for toda That's technical for you


Quoting Guest
wow 178pip in today without technicals .. if not use technicals, then how did you do it, if it is ok to ask please
If we are lucky, we might see 1.315 as the pivot line again today. If it can't hit North with 200pips this morning, then it will be 200pips South. Just my 0.1 cents opinion
EUR is going to 1.36 on a little bit strange way....kind of from downside...
26th Oct data matey......

Quoting mima
EUR is going to 1.36 on a little bit strange way....kind of from downside...
holding long to see what happens at 1.319 ... sweated it out this long !
Quoting webart
holding long to see what happens at 1.319 ... sweated it out this long !
1.3190 is only a intraday support and a point of control of 02/30/2012....will break it
  • Post #140
  • Quote
  • Edited at 7:18am Feb 21, 2012 7:04am | Edited at 7:18am
3194-8 is a confluent area, with resistance respected back on the 17th and several times since. The US market might have other ideas about what to do with this, especially after loosing a trading day yesterday.
This month, the price most traded was 1.3140 ... I believe that price is the next target ... together with the weekly pivot.
this month is going down blow 1.3,
Can kicked down the road yet again, Greece is bankrupt end of story. Let them go bust and start again.
sell stops around 1.32, buy for short term if it reach 1.325, I'll be hitting 250pips today otherwse darn 200.

My SL for this locked at 1.32, win I win, lose I lose nothing.

Was hoping that we can hit below 1.318 before 12:00GMT, it didn't - darn this parasite euro!!!!!!!!!!
  •  Guest
  • | IP XXX.XXX.118.77
Bullish Now.....
  •  Guest
  • | IP XXX.X.10.41
Johnky7 hai darling.u gotta burrrrrrrrrr
Quoting ssshhhh
This month, the price most traded was 1.3140 ... I believe that price is the next target ... together with the weekly pivot.
I agree next target 1.3140 .... 1hr ABC corection and fibb 261.8...those gaps usually reacts as a reversal zone after they get filled
2 hours and this darn this parasite can't even get through 1.323, no point holding that long from 1.32 - closed at 1.3226 and open a new short from there 1.3145 here we come again.
K ching Kching, just another 50pips buy and sell. Done for the day 250. Short remains open at 1.3226
I hate sideway trending........................time waster, but that's life
  •  Guest
  • | IP XXX.XXX.125.57
uppp.........please....op at 1.3209..
well here comes the US market...
up please...op at 1.3209....!!!
circus here we come again.
Just remember to take TP when you can, NY can send it North only to bring it down again

Y? There is still no case to buy long for too long. Scalp yes, trend no.


Quoting jokerfx
up please...op at 1.3209....!!!
  •  Guest
  • | IP XXX.XXX.4.121
Quoting jonahky7
2 hours and this darn this parasite can't even get through 1.323, no point holding that long from 1.32 - closed at 1.3226 and open a new short from there 1.3145 here we come again.
Quoting jonahky7
K ching Kching, just another 50pips buy and sell. Done for the day 250. Short remains open at 1.3226
Confused ? You went long from 1.320, to the very top of the swing high at 1.3226 at the time of your post (26 pips), then you went short and that position is open you said, yet price moved against you on that open position and is now at 42 ??

So you actually did 26pips, which at this point you have lost ?
Quoting jonahky7
Just remember to take TP when you can, NY can send it North only to bring it down again
yupz SL 1.3214 n TP 1.3245...
  •  Guest
  • | IP XXX.XXX.16.60
whats about gold now?
Quoting Guest
whats about gold now?
weekly, daily, hourly says bull (isnt that to be expected?)
At this mid ranges, it's too dangerous to trade, so I tend to locked in SL at 0 (for long only and short I hold a bit wider with SL) after it crosses the pick. No one has a working crystal ball, me niether. So either I scalp at this ranges with very very tight SL, ie 0, win I win lose I lose nothing Hope it make sense. That's how I trade. I didn't make that last 50 pips, only 26 pips - lost patience with the sideway trend for 2hours after longing that it would hit from 1.32 to 1.325. Well it hit 1.3245 after 3 hours.......... You get me? I'm not right all the time, otherwise I'm God and patience is something I am still learning to have - becos of patience it cost me pips somethime.

I'm still bearish and think the NY, aka their manipulator, is there to bring it up only to take it down for a decent 100pips to 1.3145. That is IF I am right, otherwise I'm wrong

But again, that doesn't mean I only sell

Quoting Guest
Confused ? You went long from 1.320, to the very top of the swing high at 1.3226 at the time of your post (26 pips), then you went short and that position is open you said, yet price moved against you on that open position and is now at 42 ??

So you actually did 26pips, which at this point you have lost ?
no trend for today just scalping
god1 i am really enjoing..........sell over sell and send that bitch to the hell
WRONG!! You should sell, buy, sell buy. I won't send it to hell otherwise I need to start over again to learn a new pair to trade lol

Quoting wawasalsa
god1 i am really enjoing..........sell over sell and send that bitch to the hell
yeah right I almost forgot....
then sell to the hell and buy to sky
Quoting jonahky7
WRONG!! You should sell, buy, sell buy. I won't send it to hell otherwise I need to start over again to learn a new pair to trade lol
  •  Guest
  • | IP XX.XX.91.6
someone seeing the bad correlation now between usdchf and eurousd both are up, one must correct take care the movement of correction must be around 50 pips
Correction is the correct technical term to use, but I prefer to call manipulation. Who corrects the figures - aka manipulators

Sorry I'm not as techie as those technical analyst on fxtimes, etc
DATA SNAP: Euro-Zone Consumer Confidence Strengthens For Second Month

mmmmmm.......where do they find the confidence from?????? They just splash 138billion down the drain to Greeece, for goodness sake. The more confidence they have the more shit they are going to have in the next few months
  • Post #169
  • Quote
  • Edited at 10:40am Feb 21, 2012 10:28am | Edited at 10:40am
A spike becos of this confidence????? Gosh I'll be damn for that......

Another news for the spike, there was a 500m euro order from a US custodial shop - wonder if the shop is into underhand QE3, hehehe.........

Looks like FED is using everything, any crap news they have to push Euro higher just to get dollar weaker, y? cos ECB wasn't buying for more than a week now!!!!! FED ammo power is scary, the unseen QE3 - dirty underhand job.

I humbly bow down to FED.........becos of this I have only taken in 183pip home run. Like I say no one has a crystal ball, much more to learn about these manipulators, but guess I'll never be able to learn their ropes - ever.
  •  Guest
  • | IP XX.XX.91.6
No Human being here haha have a doubt MARKET IS MANIPULATED
but they are more maniacs then who????!!!!ME
I used the wrong correlation between eurousd and gbpusd for a 1 lot 15 pips Win- not bad for 5 Min open/close trade
will not rush eurousd short wait for something from 1.3280 to 1.3300
wat a market very very dangerous really!!!!!
guess you need to learn some technical analysis rather than intuition
I gladly will learn tech analysis (picked up some already, otherwise I won't have that 183 pips in my pocket today) but if you do know of tech analysis that can predict if QE is coming or not or it's being done underhand, let me know, lol!!! If I only based only on intuition, my account and my sorry butt will be wept clean by now buddy



Quoting grandia
guess you need to learn some technical analysis rather than intuition
hi..........mmmmm.......not sure what you meant by darling . If you are a lady, I welcome that , but if you are a bloke, I prefer buddy



Quoting Guest
Johnky7 hai darling.u gotta burrrrrrrrrr
I might be wrong but I think tonight there will be a mardi gras entertainment at the Greek parliament.......they will then splashed 120billiion on the coming election, 4 million to repair the burnt buildings, then the remaining 14billion to pay the interests on the 20th March. Then on that day, they will ask for more!!!!!! Good thing UK is not in Europe, otherwise we will be totally fked too. But GBP is indirectly correlated to Euro......but that's not my problem, at least I don't have to pay for the Greeks samba, mardi gras or whatever entertainment those politicians are in now. Screw the Greek politicians - but who can the Greek vote in April, the 3 parties are the same!!!!!! Only choice left for the Greeks - start a revolution like the French did long ago, send their politicians to the gallow and have their heads rowing down - then change their national anthem and give EUro the 2 fingers - up yours Euro and default

I rather them default now and suffer 3-5 years rather then to suffer for many many generations to come.
If this figure stays at 1.326 region overnight, there will be another session of testing the upper 1.33 tomorrow morning before we head south (who knows, it's unlikely to go up very high now that ECB ain't buying anymore good news for us traders!! Screwed few times by ECB). Will the asian market take it out tonight down instead? who knows. Will the Chinese government side US or Europe side........i really don't know but one thing for sure I know their central bank BUY in order to SELL, but the Chinese still have a lot of Euro reserves stucked here in Europe. So we'll see, several big manipulators here contending.

Just querying, if any of the big manipulators are looking at these posts, I wonder if you will offer me a job? Serious.
DAMN, are we resting at 1.3245 again. How many times its resting on this line, really pissed with these manipulators, they never give you a clear line for overnight trading - bastards. They must be laughing all the way to the pub again.

Hope the asian market take it down - but not pinning much hope in that, they trade between 10-40pips for a 7hour period............

Good for me, it gives a 50/50 chance it will go either way, will it break 1.3322, there is a chance but slim. So where will it go, think you got the answer.
  •  Guest
  • | IP XX.XX.218.200
Quoting jonahky7
Just querying, if any of the big manipulators are looking at these posts, I wonder if you will offer me a job? Serious.
Funny ... you crack me up
Quoting jonahky7
I might be wrong but I think tonight there will be a mardi gras entertainment at the Greek parliament.......they will then splashed 120billiion on the coming election, 4 million to repair the burnt buildings, then the remaining 14billion to pay the interests on the 20th March. Then on that day, they will ask for more!!!!!! Good thing UK is not in Europe, otherwise we will be totally fked too. But GBP is indirectly correlated to Euro......but that's not my problem, at least I don't have to pay for the Greeks samba, mardi gras or whatever entertainment...

i agree
There are 180 useless posts...some, written by same poster, are useless, meaningless and extremely long...it seems that poster was practising to write English...no improvement in that either...
So sorry about the useless posts, my apologies, guess that's becos none of us shouted 1.36 like someone only to trade the other way. Chill man..... some posts were to take the micky out of the situation, usually off-peak trading hours. I'm sure retail traders r here to make pips as well as to chill out, I think most will agree none of us are liveless robots
Glad I didn;t take your advise Jona (not that I ever trade on someones advise) when you said I should cut my long loose, it held 319 and I held my long.

EUR refused to drop into the 1.3220 down channel today, it tried several times but technically rejected the down channel ... we remain within the up channel.
Quoting mima
There are 180 useless posts...some, written by same poster, are useless, meaningless and extremely long...it seems that poster was practising to write English...no improvement in that either...
you are totally wrong, these posts are much better than the once that it just says '' 1.36'' or '''' .
Quoting f3ras
you are totally wrong, these posts are much better than the once that it just says '' 1.36'' or '''' .
OK. So what did you learn and/or what you remember from those post that are much better then '' 1.36'' or '''' ?
lets wait the next 10 min and see
Looks like it got hit in the guts by that raft of bad news, still it is ranging, paper dosn't seem to want to take it either way. See how we get out of this Gartley and the next news in a few mins. Tough market but then these times are unprecedented.
  • Post #186
  • Quote
  • Edited at 7:39am Feb 22, 2012 7:20am | Edited at 7:39am
Good that you didn't take moi 0.1 cent opinion, correct me if I'm wrong but may you refresh me when did I told you to cut your long, was it yesterday?

I still stick by my 26th Oct data for the moment. Economy wise, I cannot see any reason that will justify further rally, that doesn't mean I won't buy. Rather then thinking 1.32 is safe, it's far from being safe. How many hits have we got above 1.328, 2 and how many hits have we got around 1.32, 5. The score is there to see. Also if you have been observant enough, which I'm sure you have - a head shoulder had just formed and a triangle as well! There will be a big one coming very soon.

This morning I was expecting only to scalp 10 pips at 1.3262 and the poor parasite couldn't even get through 1.3262 and instead drop near 50pips - that's a good profit for me for a narrow range morning.

There might be another rush upwards, but seriously I do not know but my tech isn't toooo bad that it will say 1.34. The market simply lack lustre to risk on. Buy HOPE, sell TRUTH. HOPE gone, so what's next? Just be careful where you enter and exit, remember to take TP and don't dream of impossible values.

But again I'm not shouting short now, I buy, sell, buy and sell. Following only 1 direction trend only gives me 50% chance of winning and I'm not that duff, otherwise won't have netted the 186pips yesterday and only damn 50pips today so far.

Good luck to your trading.


Quoting webart
Glad I didn;t take your advise Jona (not that I ever trade on someones advise) when you said I should cut my long loose, it held 319 and I held my long.

EUR refused to drop into the 1.3220 down channel today, it tried several times but technically rejected the down channel ... we remain within the up channel.
Come on guys get over it.
I'm expecting any moment for the next Roumour..Greece is not saved yet... it's just an illusion.

To Your success,
Doctortyby

PS:Jonahky7..I like Your posts
Reuters insider news just posted the deal with Greece was a "spam" or scam to make the French, Germany & US election looks good - how's that for a news! We all know that all along but no politicians has the balls to say so until now, lmao.

I'm just waiting for this head/shoulder and triangle to be broken, but I''m not pinning much hope towards north, so what will one bet on? Just shorted at 1.3252 (based on the triangle line, I might be jolly well wrong in this triangle) to take a micky bet at the triangle, this is not base on tech nor intuition, it's just pure gamble SL 0, let's see how far this baby will go.

Quoting doctortyby
Come on guys get over it.
I'm expecting any moment for the next Roumour..Greece is not saved yet... it's just an illusion.

To Your success,
Doctortyby

PS:Jonahky7..I like Your posts
  •  Guest
  • | IP XX.XXX.171.249
EG might work out as bull trap.. lets see..(100- 140 pips to grab here)

EU we might saw the high today.
Though it´s scary times to trade. My prefered condition is short EU..

Waiting for explosion..
EUR/USD: Stops down through 1.3180 and 1.3165. Some bids around 1.3215/20 from Asian sovereigns in front. Offers 1.3290/00 ahead of a 1.3300 barrier, decent buy stops up through 1.3325

Let's see when this triangle and head/shoulder will be broken...........may the stronger camp win. In the meantime, I'll take my free pips for all the shapes formed

If the US housing doesn't break the triangle, I'll wait for tomorrow's unemployment.........
  •  Guest
  • | IP XX.XX.91.6
huge war between euro and dollar-manipulators look to have big will not to let euro fall, they will destroy all currencies even gbp, gbpusd fell with cross buying in euro/gbp-Mpc is not the reason-we already knew about Boe QE-not a reason to fall that hard but euro manipulators playing it dirty
For this week alone, GBP had fallen more than Euro - this is quirky though not difficult to explain why.

Quoting Guest
huge war between euro and dollar-manipulators look to have big will not to let euro fall, they will destroy all currencies even gbp, gbpusd fell with cross buying in euro/gbp-Mpc is not the reason-we already knew about Boe QE-not a reason to fall that hard but euro manipulators playing it dirty
Quoting Guest
huge war between euro and dollar-manipulators look to have big will not to let euro fall, they will destroy all currencies even gbp, gbpusd fell with cross buying in euro/gbp-Mpc is not the reason-we already knew about Boe QE-not a reason to fall that hard but euro manipulators playing it dirty
Just buyers at support that's all, it must be considered good value. Most is program trading anyway. We are ranging, which is what markets do most of the time and much program trading nowadays is mean reversion / value area trading..
so EU will range forever now
YES! IT WILL RANGE BETWEEN 1.36 and 1.18 how's that? lmao.......These 2 figures were posted by some posters here on FF, sir not from me!!

Ranging my a......the formed head/shoulder triangle is just waiting to burst, that's all. Just a bet who has a better ammo, FED or Europe - take your pick

Quoting torkay77
so EU will range forever now
It does feels that way sometimes when holding positions. Time and price are interlinked, its normal to get a ranging market after a price shock, even though it was only 100 points, we are within that shadow still.
  •  Guest
  • | IP XX.XX.91.6
Quoting jonahky7
YES! IT WILL RANGE BETWEEN 1.36 and 1.18 how's that? lmao.......These 2 figures were posted by some posters here on FF, sir not from me!!

Ranging my a......the formed head/shoulder triangle is just waiting to burst, that's all. Just a bet who has a better ammo, FED or Europe - take your pick
eurousd not taking anything technical into consideration bot head/shoulder triangle nothing-i see big will to keep euro up respecting daily supports that are rising gradually
US existing home sales will spike euro to 1.33 and give some breath for gbpusd for correction 1.5644 would hold i think for today least
The movment is absulote strange nobody know where it has to go!!!!!
knee jerk first 5-10min, then the real thing bites in

Quoting wawasalsa
The movment is absulote strange nobody know where it has to go!!!!!
LETS SEE ! However still not more than 20-25pips
fuck, ich vermisse die DM
Quoting jonahky7
YES! IT WILL RANGE BETWEEN 1.36 and 1.18 how's that? lmao.......These 2 figures were posted by some posters here on FF, sir not from me!!

Ranging my a......the formed head/shoulder triangle is just waiting to burst, that's all. Just a bet who has a better ammo, FED or Europe - take your pick
yeah, any breakout will likely be false so best is to stay away from this pair... yen,aussie and kiwi are better to trade these days
agree, cos the asian central banks were rumored to long at 1.322 - so which bloody side are they with, US or Europe, lol!!!!

Let's see if it is able have the take to break just a MINOR resistance at 1.3262.

But we know that they long in order to sell. Looks like today is another formation day. Let it go and unemployment will take care of it tomorrow. I have enough for the day, darn only 63pips..........

Think they looked at the chart in the wrong direction today! lmao

Quoting torkay77
yeah, any breakout will likely be false so best is to stay away from this pair... yen,aussie and kiwi are better to trade these days
News - yes I'm sure they will waste most of the money they got from the deal to election!!:

@Greece’s Samaras: It’s different this time!

Written by Jamie Coleman
February 22, 2012 at 16:16 GMT

New Democracy Party head Samaras says the second Greek bailout is different than the first. This time Greece won on the Eurogroup decision, he says. The second Greek bailout lacks a growth plan though he says (just like the first).

New elections will be held in the next two months, he says and will be definitive for the future.
News, cool since when Greece haven't been downgrade!!:

@MARKET COMMENT: Europe Stocks Fall After PMI Data, Greek Downgrade
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  • | IP XX.XXX.171.249
...Just EURUSD fights higher
Yes, not for long, it's preparing for something big, guess tomorrow is the day. Today is quite crazy. I've stopped - too risky. Happy with the pips won.

Trading head/shoulder, triangle is fine if not manipulated but we have been trading trapezoid, parallelogram shapes (if there is such shapes), screw the technical lol.

From first look uptrend is prevailing but I won't be jumping on the bandwagon as yet, always cautious of bull trap. But there are also bear trap, lol.

Quoting Guest
...Just EURUSD fights higher
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  • | IP XX.XX.20.52
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  • Posted: Feb 20, 2012 9:52pm
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    Category: High Impact Breaking News
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