Wow&#x2026;

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 !

rchrdfrncs

May 23, 2012 8:04pm

Quoting Forexia

Disliked

What's the cause of this plummet? Possible Greek exit or the strong US New Home Sales?

Ignored

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.

fxsport

May 23, 2012 5:08pm

Quoting Guest

Disliked

if there will be any soon upside rally to 1.30, 1.2544 must be the bottom

Ignored

HAHAHAHAHAHAHAHAHAHAHA

Keep putting money in your account

fxsport

May 24, 2012 6:10am

Quoting jaygee

Disliked

add to eur/usd long 2555 4x;

Ignored

How ya doing now?

RBlackburn

May 23, 2012 7:20pm

Well it fucked my account soooo stupid again

Forexia

May 23, 2012 9:29am

What's the cause of this plummet? Possible Greek exit or the strong US New Home Sales?

spekitox

May 23, 2012 9:26am

Fool if you think it's over ...

Sarkel

May 23, 2012 9:51am

Quoting jonahky7

Disliked

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

Ignored

Exactly!

PQH.invest

May 23, 2012 9:52am

Quoting Sahil

Disliked

1.25 is good level to buy.

Ignored

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.

insomniawawa

May 23, 2012 12:43pm

Quoting Guest

Disliked

Nobody here studying Daily Bollinger Bands? According to my graph Daily BB is at 1.2545. There is the target for today.

Ignored

nice

it reached 1.2544

torkay77

May 23, 2012 9:28am

as long as the yen is holding this is all fake

Desouza

May 23, 2012 9:52am

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)

Desouza

May 23, 2012 11:52am

Quoting jonahky7

Disliked

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....

Ignored

That was very good advice. I made some money on that trade. Thanks! Exit at 1.2550

mackmack247

May 24, 2012 8:24am

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.

oneightwenty

May 23, 2012 9:38am

I love shorting! Thank you parasite <3!

mehboob

May 24, 2012 5:53am

Guest - IP XX.X.66.55: i have also same question that how you detect reversal in H4 time frame.

suetombo

May 24, 2012 7:40am

bye bye Euro, Rest in Piss

bigslice54

May 23, 2012 9:32am

Quoting torkay77

Disliked

as long as the yen is holding this is all fake

Ignored

??????? What in the hell are you looking at?

Sahil

May 23, 2012 9:27am

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

May 23, 2012 9:33am

Quoting Forexia

Disliked

What's the cause of this plummet? Possible Greek exit or the strong US New Home Sales?

Ignored

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

May 23, 2012 9:35am

1.25 is good level to buy.

palinco

May 23, 2012 9:43am

Tell me where u get you pre released data, so that I can also share from the booty.

Quoting jonahky7

Disliked

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.

Ignored

May 23, 2012 9:45am

Quoting oneightwenty

Disliked

I love shorting! Thank you parasite <3!

Ignored

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.

May 23, 2012 9:56am

Quoting PQH.invest

Disliked

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.

Ignored

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.

May 23, 2012 10:07am

Quoting Connected

Disliked

In finance, an exotic option is a derivative which has features making it more complex than commonly traded products (vanilla options)

Ignored

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!!!!!!

May 23, 2012 11:43am

Quoting Guest

Disliked

What causes a sudden massive plummet like this? It almost seems criminal

Ignored

"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"

Vos

May 23, 2012 12:01pm

Quoting Loadedgun

Disliked

"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"

Ignored

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"

May 23, 2012 2:21pm

Quoting Loadedgun

Disliked

"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"

Ignored

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.

clockwork71

May 23, 2012 3:35pm

Quoting Connected

Disliked

hmm what are 'exotic' options?

Ignored

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.

May 23, 2012 3:59pm

Quoting clockwork71

Disliked

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.

Ignored

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.

May 23, 2012 4:11pm

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.

palinco

May 27, 2012 10:40am

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.

Gaaikema

May 23, 2012 9:22am

Just when you think it's all over...

Gaaikema

May 23, 2012 9:59am

Quoting spekitox

Disliked

Fool if you think it's over ...

Ignored

For today I thought... but far from it indeed.

obib

May 23, 2012 6:31pm

possible euor / usd will get to the 124 for today?

May 23, 2012 11:07am

1.2525 next

May 23, 2012 1:22pm

can any1 guide me about gold ? Whether at this rate i should buy or make a short sell ?

jpivotto

May 23, 2012 9:50am

Nice Night. Thanks EUR... Thanks Greece... hahahha
But i am in Japan... I need Sleep...
Nice "pips" for all...

Fib

May 23, 2012 9:32am

1.25 coming , And it's good place to buy ....

davidwilk

May 24, 2012 5:07am

Guest - IP XX.X.66.55: I absolutely agree.Very good example on chfjpy.

davidwilk

May 24, 2012 5:46am

Guest - IP XX.X.66.55: How do you detect trend reversals on the 4 hour and 1 day chart?

davidwilk

May 24, 2012 11:23pm

Ahh I read it again - Average True Range. Got it.

May 23, 2012 9:29am

Damn! Close my 2nd short too early again at .2605 from .2682, bugger!!!!! nevermind will open one again soon

palinco

May 23, 2012 9:39am

guys its time to think of buying eu

May 23, 2012 9:51am

Quoting Guest

Disliked

As I spoke last month,euro will fall like waterfall

Ignored

Many things will happen within a month matey. Last month I dreamt of 1.36 and 1.18 too

Connected

May 23, 2012 10:02am

hmm what are 'exotic' options?

Connected

May 23, 2012 10:03am

In finance, an exotic option is a derivative which has features making it more complex than commonly traded products (vanilla options)

Trader#1EF8

May 23, 2012 10:10am

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.

Trader#2E5A

May 23, 2012 10:43am

:-) 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.

Vos

May 23, 2012 11:51am

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.

jaygee

May 23, 2012 12:00pm

add to oil long 89.55 2x; add to eur/usd long 2555 4x; add to gbp/usd long 5687

sammy_tega

May 23, 2012 12:05pm

can't complain today's being quite perfect thanks to the mess in the eurozone

benfuad13

May 23, 2012 12:14pm

merkel.. where is merkel???

jaygee

May 23, 2012 12:15pm

Almost forgot. Long FB 31.81. A little off topic i know.

May 23, 2012 12:37pm

so you steer your yellow submarine to FB instead.

Connected

May 23, 2012 12:47pm

Quoting Vos

Disliked

Crash it won't.

Ignored

Yoda?

Trader#A3D5

May 23, 2012 5:57pm

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.

Trader#A3D5

May 23, 2012 6:15pm

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.

May 23, 2012 6:56pm

I see there is no point in alerts - until the evidence is more obvious.

Trader#A3D5

May 23, 2012 7:02pm

Quoting Guest

Disliked

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.

Ignored

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.

Trader#A3D5

May 23, 2012 8:09pm

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.

Trader#A3D5

May 24, 2012 12:00am

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

May 24, 2012 2:34am

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...........

Trader#A3D5

May 25, 2012 1:35am

Quoting mehboob

Disliked

Guest - IP XX.X.66.55: i have also same question that how you detect reversal in H4 time frame.

Ignored

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.

Trader#36D6

May 23, 2012 9:20am

Almost drained me

Trader#219D

May 23, 2012 9:21am

R i p euro

take profit @ 1.2500 psycho handle

Trader#68F1

May 23, 2012 9:22am

LOLOL!

Trader#36D6

May 23, 2012 9:23am

What causes a sudden massive plummet like this? It almost seems criminal

Trader#63E7

May 23, 2012 9:24am

take out the barrier?
well if there is no real reason, i'm long.. pff, wall street pushers.

Trader#607C

May 23, 2012 9:31am

It ain't over 'till they got all your money.
Every last cent of it.

Trader#5EC2

May 23, 2012 9:43am

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.

Trader#D89D

May 23, 2012 9:44am

Be careful trying to catch a falling knife

Trader#BDDF

May 23, 2012 9:46am

As I spoke last month,euro will fall like waterfall

Trader#1531

May 23, 2012 10:32am

I feel sorry for all the sitting ducks at 1.2685

Trader#2E5A

May 23, 2012 10:34am

Nobody here studying Daily Bollinger Bands? According to my graph Daily BB is at 1.2545. There is the target for today.

Trader#353E

May 23, 2012 12:13pm

i thought the gap was going to fill so I was long, lost half my account in a margin call

Trader#B49C

May 23, 2012 3:04pm

if there will be any soon upside rally to 1.30, 1.2544 must be the bottom

Trader#37F8

May 23, 2012 6:08pm

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.

Trader#A3D5

May 24, 2012 12:04am

sorry typo meant bearish trend of chfjpy. Also many of the other pairs on market watch list are trending on high timeframes.

Trader#87E7

May 24, 2012 6:37am

I am short and it will probably stop falling around 1.15

Trader#4B2D

Jul 14, 2012 8:17am