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    From forexlive.com

    That was an impressive run to take out the barrier at 1.2600 and stops just below. We printed as low as 1.25895. Expect barriers every quarter-cent lower to 1.2500 where there is a massive build-up of exotic options. Should momentum continue to the downside, that level will act as a magnet. 99.972 was the EUR/JPY low, as 100.00 barriers are erased as well.

  •  Guest
  • | IP XX.XX.169.62
Almost drained me
  •  Guest
  • | IP XX.X.91.121
R i p euro

take profit @ 1.2500 psycho handle
  •  Guest
  • | IP XXX.XXX.239.238
LOLOL!
Just when you think it's all over...
  •  Guest
  • | IP XX.XX.169.62
What causes a sudden massive plummet like this? It almost seems criminal
  •  Guest
  • | IP XXX.XX.13.225
take out the barrier?
well if there is no real reason, i'm long.. pff, wall street pushers.
Fool if you think it's over ...
forget about tomorrow, just steal away into the night
  •  Sahil
  • | Joined Jan 2009 | Status: Options Trader - Commodities & FX | 2 Comments
I am a buyer at this level as i am buying sept contract. I think greek exit is already priced in and it may go as low as 1.24 but not more than that.
Good luck everyone
as long as the yen is holding this is all fake
Damn! Close my 2nd short too early again at .2605 from .2682, bugger!!!!! nevermind will open one again soon
What's the cause of this plummet? Possible Greek exit or the strong US New Home Sales?
Make your losses in demo. Earn your profits live.
  •  Guest
  • | IP XX.XXX.43.81
It ain't over 'till they got all your money.
Every last cent of it.
1.25 coming , And it's good place to buy ....
Quoting torkay77
as long as the yen is holding this is all fake

??????? What in the hell are you looking at?
Quoting Forexia
What's the cause of this plummet? Possible Greek exit or the strong US New Home Sales?
I was betting on the anti Euro bonds from Holland, Finns etc, a bit of US data (I'm sure that was totally rigged, the prior data was supposed to be 328K but they changed it at last minute to 334K) The remaining 6K must be found in empty cities like Indiana, Ohio, etc in US of A - played dirty.
  •  Sahil
  • | Joined Jan 2009 | Status: Options Trader - Commodities & FX | 2 Comments
1.25 is good level to buy.
I love shorting! Thank you parasite <3!
guys its time to think of buying eu
  •  Guest
  • | IP XXX.XX.31.9
People need to realize there isn't a "cause" for everything. You'll trade significantly better when you don't need a tip for every move.
Tell me where u get you pre released data, so that I can also share from the booty.
Quoting jonahky7
I was betting on the anti Euro bonds from Holland, Finns etc, a bit of US data (I'm sure that was totally rigged, the prior data was supposed to be 328K but they changed it at last minute to 334K) The remaining 6K must be found in empty cities like Indiana, Ohio, etc in US of A - played dirty.
  •  Guest
  • | IP XXX.XXX.224.78
Be careful trying to catch a falling knife
Quoting oneightwenty
I love shorting! Thank you parasite <3!
Likewise - shorting is fab at the moment whenever there is a rally.

Lets see if the immediate support S3 at .25686 can be broken. Just closed another new shorts at .2570. This new area is an unknown territory with no many RS lines, so I'll use a 25pips step close then run approach with short and long.

Merkel must be rubbing her hand together, well done Greece - I can export more Audi and BMWs now, muahahahahahahaha!

In fact there is no more RS lines on my charts until 1.24830 after 1.25686 but tread carefully with every 25pips from here.
  •  Guest
  • | IP XXX.XXX.30.100
As I spoke last month,euro will fall like waterfall
Nice Night. Thanks EUR... Thanks Greece... hahahha
But i am in Japan... I need Sleep...
Nice "pips" for all...
Quoting Guest
As I spoke last month,euro will fall like waterfall
Many things will happen within a month matey. Last month I dreamt of 1.36 and 1.18 too
Quoting jonahky7
...
Merkel must be rubbing her hand together, well done Greece - I can export more Audi and BMWs now, muahahahahahahaha!
...
Exactly!
True knowledge is knowing that you know nothing. Socrates.
There is absolutely no good news coming from the EUR zone. Believe me I looked. As the leaders meet the EUR goes down so enjoy the ride going down CRASH & BURN. Look for a sharp retracement and to grab some pips (scalp)
Quoting Sahil
1.25 is good level to buy.
I don't think holding eur at this moment is a smart decision. So, should not invent a level to buy. In fact, the pair is dropping continuously due to these catch-a-falling-knife positions.
Quoting PQH.invest
I don't think holding eur at this moment is a smart decision. So, should not invent a level to buy. In fact, the pair is dropping continuously due to these catch-a-falling-knife positions.
Not true, though I am not a bull. There are still good opportunites to long short period if you know where to catch it and I just mentioned one earlier in the post.

I agree with you about not dreaming a figure and shout it. Otherwise traders can find themselves joining the yellow submarine submerged underwater with their account, like some using fib and dtl.

Technical indicators like this are defintely good, but when in this situation, I am more incline not to believe in oversold and overbought, but rely more on RS lines + market sentimenta.
Quoting spekitox
Fool if you think it's over ...
For today I thought... but far from it indeed.
hmm what are 'exotic' options?
Tracking the Specialists.
In finance, an exotic option is a derivative which has features making it more complex than commonly traded products (vanilla options)
Tracking the Specialists.
Quoting Connected
In finance, an exotic option is a derivative which has features making it more complex than commonly traded products (vanilla options)
Agree that there are vanilla options and they are and may serve as magnets to retrace or pullback. But I think when there are more exotic flavours options like chocolate (new term I use instead of vanilla coz I hate vanilla), it will be pull towards the chocolate region isn't it?

Until the mess from Greece is sorted, followed by Spain and Italy. This circus will go on, at least we don't have to range for now

But looking at the Germans bund yield which is scarrily low, it may trigger big dump of euro very soon if it reaches further low yield level - then Euro zone will be in bigger crisis than ever before!!!!!!
  •  Guest
  • | IP XX.XXX.18.48
EURO-DOLLAR: In light of the "hot knife through butter" slide through
$1.2600, Ashraf Laidi of City Index sees scope for further euro losses
"As long as major central banks refrain from giving any new liquidity in
the form of FX swaps (as in Dec 2) and the IMF remains silent before the
June 17 Greek elections, the path of least resistance for traders is to
continue selling the (euro) rallies," he says. Laidi sees sell momentum
mounting in late summer with the euro heading towards $1.20 (a matter of
"when" not "if). "In order for EURUSD to reproduce the 22% declines in
the prior two cycles of 2008 and 2010, the pair would have to reach
$1.16, which would be the lowest since 2003," he says.
  •  Guest
  • | IP XXX.XX.139.90
I feel sorry for all the sitting ducks at 1.2685
  •  Guest
  • | IP XX.XXX.52.15
Nobody here studying Daily Bollinger Bands? According to my graph Daily BB is at 1.2545. There is the target for today.
  •  Guest
  • | IP XX.XXX.52.15
:-) I've seen Eur, Gbp and yenna pairs drop 500-1000 points in one hour. But these are veeery rare. I have a sneaking suspession that this down trend in EUR/USD might end with a Grand Finale of some 300-500 points drop. Trigger could be Greak exit, or some other stuff.
1.2525 next
Quoting Guest
What causes a sudden massive plummet like this? It almost seems criminal
"Well it's been coming, coming from eternity.Nah don't you get it?" The lyrics from my Song Reggaeman on my current album Taliban

PS: Somebody please remind me again "the 4 reasons why the Euro cannot crash"
I'm long. Patiently waiting for good news to open more long positions.
Seen that panic like million times. The same was with dollar last year. Those pushers tell the sheep to sell, and they sell.
Quoting jonahky7
Likewise - shorting is fab at the moment whenever there is a rally.

Lets see if the immediate support S3 at .25686 can be broken. Just closed another new shorts at .2570. This new area is an unknown territory with no many RS lines, so I'll use a 25pips step close then run approach with short and long.

Merkel must be rubbing her hand together, well done Greece - I can export more Audi and BMWs now, muahahahahahahaha!

In fact there is no more RS lines on my charts until 1.24830 after 1.25686 but tread carefully with every 25pips from here....

That was very good advice. I made some money on that trade. Thanks! Exit at 1.2550
add to oil long 89.55 2x; add to eur/usd long 2555 4x; add to gbp/usd long 5687
Quoting Loadedgun
"Well it's been coming, coming from eternity.Nah don't you get it?" The lyrics from my Song Reggaeman on my current album Taliban

PS: Somebody please remind me again "the 4 reasons why the Euro cannot crash"
Crash it won't. Simply because no 1 wants it: neither in the US, nor in EU. What they need is a little boost now. And you know what happens next? Those who are short on EUR (majority) will have a stop-loss triggered. That's what they call "easy money"
can't complain today's being quite perfect thanks to the mess in the eurozone
  •  Guest
  • | IP XX.XXX.22.144
i thought the gap was going to fill so I was long, lost half my account in a margin call
merkel.. where is merkel???
Almost forgot. Long FB 31.81. A little off topic i know.
so you steer your yellow submarine to FB instead.
Quoting Guest
Nobody here studying Daily Bollinger Bands? According to my graph Daily BB is at 1.2545. There is the target for today.
nice it reached 1.2544
Quoting Vos
Crash it won't.
Yoda?
Tracking the Specialists.
can any1 guide me about gold ? Whether at this rate i should buy or make a short sell ?
Quoting Loadedgun
"Well it's been coming, coming from eternity.Nah don't you get it?" The lyrics from my Song Reggaeman on my current album Taliban

PS: Somebody please remind me again "the 4 reasons why the Euro cannot crash"
Reasons:

1.) Euro la la land is too f'ed up to crash
2.) It won't crash cos its in free space with accelerated gravity
3.) No one knows where the ground is as Euro falls in acceleration mode in free space
4.) it forgot to grab a parachute when it free fall, so it submerged into its transformer mobil, from bumble bee to a YELLOW Submarine in underwater with account

Guess these 4 reasons are sufficient to justify why Euro won't crash.
it's beautiful how markets behave. Euro has dropped on political leader's RHETORIC only. Nothing has changed from the time the price opened at 1.2900 on one Monday. I wonder what happens if pro-bailout party gets voted...I also wonder whether greeks really are THAT (*censored by myself*) to think (and vote) that they are better off not having the euro ? Do you somehow think that you will have less austerity when you leave the currency ? Now, that's a WOW !
  •  Guest
  • | IP XX.XX.94.6
if there will be any soon upside rally to 1.30, 1.2544 must be the bottom
Quoting Connected
hmm what are 'exotic' options?
It's a great way to get your money taken. There are a lot of them, and many different types. It's kind of like "financial innovation". Every time I hear that expression someone is getting taken....normally from behind in a prison love style.
Quoting clockwork71
It's a great way to get your money taken. There are a lot of them, and many different types. It's kind of like "financial innovation". Every time I hear that expression someone is getting taken....normally from behind in a prison love style.
Not really, I studied them in financial engineering as part of my MBA in Scotland. They are designed to hedge very specific situations and can be very, very useful in the corporate world. Also they are not as complex as they sound but they are OTC instruments and must suit your needs to be relevant. The Math is incredibly difficult though.
BTW been looking at my charts - order flow is moving around in the GBP pairs and others (sign of the flows are changed in for instance GBPAUD). That means directions are shifting and you want to be careful tomorrow how you commit. Study COT carefully from daily charts tomorrow and next - do not say I did not tell you. Good luck to all who read this - could be shock and awe for those who do not pay attention. This is free and dependable advice.

PS: This is where correlations help as well.
Quoting jaygee
add to oil long 89.55 2x; add to eur/usd long 2555 4x; add to gbp/usd long 5687
Jaygee what about the 8x long eur/usd that you've had since 1.29???

I really think that you MUST be that trader who worked for JPMorgan Chase.
...because you never know - until you do!
Quoting Guest
if there will be any soon upside rally to 1.30, 1.2544 must be the bottom
HAHAHAHAHAHAHAHAHAHAHA

Keep putting money in your account
...because you never know - until you do!
  •  Guest
  • | IP XX.X.66.55
I dont trade unless I can find a pair that is trending. The markets in the majors are too choppy. Would have same odds at the tables in Vegas. SGDJPY is one right now, trade in direction of the Daily trend and H4. I have wide stops and macro ( or nano) lot size and risk reward ratio of 1:1.5 eg 120 pip SL and 180 pip TP. There are higher consistent profits trading longer term time frames and it gives me a break away from the computer. I check them once a day.
  •  Guest
  • | IP XX.XXX.177.133
Euro slated to go to 1.1 by end of year. going long is dangerous against a trend this big, with causes this obvious. Wait to go long, sell on rallies as of yet.
  •  Guest
  • | IP XX.X.66.55
I compare a trending market to a flower opening from its bud. The market is like an organic think, it breathes in and exhales and thee are the markets where you make profits. Trading some pairs is more like the action of a Venus fly trap if you can "see" what I mean.
possible euor / usd will get to the 124 for today?
I see there is no point in alerts - until the evidence is more obvious.
  •  Guest
  • | IP XX.X.66.55
Quoting Guest
Euro slated to go to 1.1 by end of year. going long is dangerous against a trend this big, with causes this obvious. Wait to go long, sell on rallies as of yet.
I agree 100%, why would you go long when the daily and weekly time frame show a clear downward trend. Its like a freight train. How can it possibly turn round on a ten cent piece. I will go long only when there is clear confirmation of a trend change.
Well it fucked my account soooo stupid again
Quoting Forexia
What's the cause of this plummet? Possible Greek exit or the strong US New Home Sales?
Usually strong home sales mean risk on, but the euro crisis has taken center stage, and not all of the US data has been all that positive. We're also in an election year.
  •  Guest
  • | IP XX.X.66.55
most day traders lose money. And if you are one that makes money, be assured bthat you will make much more by trading when there are trends on the long term time frames. You will be less emotional and you will become a profitable consistent trader with just a little practise. Make sure you have a decent risk reward ratio 1:1.5 works well for me. Watch your money management (most important rule of all) dont overleverage. I get great results on these timeframes with even 1:2 leverage. I am a fund manager and offer these few tips for free instaed of waisting thousands $s on useless sytems and EAs.
  •  Guest
  • | IP XX.X.66.55
my best trade in last couple of days is SHORT chfjpy based on the bullish trend on the H4 and Daily charts. I have SL based on the SL 120 pips ( i use formula ATR reading x2) and TP at 180 pips. Its has a risk reward ratio around 1:1.5
  •  Guest
  • | IP XX.X.66.55
sorry typo meant bearish trend of chfjpy. Also many of the other pairs on market watch list are trending on high timeframes.
Hope that chartist that long at 1.255 4X took his TP while he could before he went to bed last night!!!!! Otherwise its all over again...........
Guest - IP XX.X.66.55: I absolutely agree.Very good example on chfjpy.
Guest - IP XX.X.66.55: How do you detect trend reversals on the 4 hour and 1 day chart?
Guest - IP XX.X.66.55: i have also same question that how you detect reversal in H4 time frame.
Quoting jaygee
add to eur/usd long 2555 4x;
How ya doing now?
...because you never know - until you do!
  •  Guest
  • | IP XX.XX.248.1
I am short and it will probably stop falling around 1.15
bye bye Euro, Rest in Piss
what's that old nugget? the trend is your friend? the eu has not yet begun to fall, it is just dangling it's legs over the edge getting ready to drop.
if you are not already short find a good spot and jump in, the waters fine...
Next stop 1.15 with little bounce.
Ahh I read it again - Average True Range. Got it.
  •  Guest
  • | IP XX.X.66.55
Quoting mehboob
Guest - IP XX.X.66.55: i have also same question that how you detect reversal in H4 time frame.
Use a 21 EMA on the close. You can use it on any time frame. Sometimes market looks choppy in one time frame but there is trending in another time frame for that pair.
I made 121 greens with -26 reds last Thursday, trading eu, gu, Nu. But lost 96 pips on eu, some 20s in echf on Friday. I thought, on Friday EU will go up with profit taking. should have stuck to my sell sell sell.
  •  Guest
  • | IP XXX.XXX.64.70
i'm looking for the bounce to be over then short targeting 1.2208
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  •  Guest
  • | IP X.XX.4.147
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  • Story Stats
  • Posted: May 23, 2012 10:20am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 82  /  Views: 15,773