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  • Draghi: Single bank regulator will help restore confidence in banking sector

    From forexlive.com

    -Will help revive bank lending -Medium-term outlook for economy remains challenging -Monetary policy, bank supervision to remain separate

So what?
i don't expect any big change in major pairs for rest of the day
(((((( YAWN )))))))
Just look at the charts, straight sideways consolidation on e/u. 9 out of 10 times it does that, it will continue with the trend. In this case, that's up!
I also think so....it's definitely up!
till 1.32
muhahaaaa )) )
Because EU group is a group of failures ...
what about gold
Yes the current trend is up, so the rest for today is up.
Helow all '
this is good News /
I dont recomend To be In short , beacuse the trend is UP !
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euro will end up by decreasing, US fiscal cliff will help dollar as a safe haven ressource....
This is just one site... http://fxtrade.oanda.com/analysis/ there's also myfxbook and FF the show most retailers short e/u. I guess I just don't think like a retail trader anymore or I'm just plain wrong...but I don't understand why they are short. There's no reason to be. Maybe they are stuck in losing shorts and "hoping" to get out.
Quoting Tw0eleven
This is just one site... http://fxtrade.oanda.com/analysis/ there's also myfxbook and FF the show most retailers short e/u. I guess I just don't think like a retail trader anymore or I'm just plain wrong...but I don't understand why they are short. There's no reason to be. Maybe they are stuck in losing shorts and "hoping" to get out.
Cause there are many reason to go short instead of long, I don't think it can go up more than 1.31.
oil
Quoting cubiday
Cause there are many reason to go short instead of long, I don't think it can go up more than 1.31.
1) I'd like to see this list of "many reason" to go short. I bet my list of reasons to go long is bigger.

2) You don't think it can go up more than 1.31??? It's already at 1.3175...so it's higher.
Quoting cubiday
Cause there are many reason to go short instead of long, I don't think it can go up more than 1.31.
think again
Quoting YMMgroup
till 1.32
nice pips...
Quoting jaygee
oil
yeaa!!
Quoting safdarhashmi
what about gold
sell gold at 1698 ,buy at 1688
Quoting Tw0eleven
1) I'd like to see this list of "many reason" to go short. I bet my list of reasons to go long is bigger.

2) You don't think it can go up more than 1.31??? It's already at 1.3175...so it's higher.
im looking for a good place to go short...for a few pips only thou.......will buy when it retraces
Quoting Ijaz Anwar
sell gold at 1698 ,buy at 1688

i was short at 1695 since the opening..but set my tp too high...had to close it at breakeven then .....scalping is so much better on mondays
add to eur/usd short 3171 3x
Quoting cubiday
Cause there are many reason to go short instead of long, I don't think it can go up more than 1.31.
1.32 next and then 1.33 by the end of the year.
On Daily chart, EUR/USD still bullish (temporarily)
and we go with the trend
  • Post #27
  • Quote
  • Edited at 10:45am Dec 17, 2012 10:43am | Edited at 10:45am
1. 1.36 by 12-28-2012 12:15pm this info is from trusted source...

2. Crystal balls: 1.3478

3. Weather forecast trading system: 1.3543

I really wander what will be closest prediction....!!!
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Stop? Target? Percentage risk?

Quoting jaygee
add to eur/usd short 3171 3x
without ky prediction, we are all lost. i await the gurus numbers
Eu will be up for sure.
But I am really amazed mima's 1 st reason. How specific!!!
And 3rd one is... I really don't find any word to describe it...
EUR/USD still Bullish. not down today
yes i see hidden prediction as 1.228. very tricky hiding the real number among the rest Goldman sachs diversion tactic meteorologist crystal ball kyjelly numbers.
Where's all this selling? We had a couple days of selling a couple weeks ago(small correction...good for buying the dip)...but in the past 5 weeks it's been nothing buy Euro buying!
it has to go down a bit so that it gets higher. That is during normal trading periods though, dont forget its christmas! ho-ho-ho.
Quoting jaygee
yes i see hidden prediction as 1.228. very tricky hiding the real number among the rest Goldman sachs diversion tactic meteorologist crystal ball kyjelly numbers.
Looks like you finally lost it. It was bound to happen. But my advice is take a break for a considerable while and get your wits back. Merry Christmas
Quoting Slurp
it has to go down a bit so that it gets higher. That is during normal trading periods though, dont forget its christmas! ho-ho-ho.
It would be nice to see another higher low to confirm the uptrend. But I stand by my position that e/u won't close below 1.3000 for the rest of the year.
Quoting Tw0eleven
This is just one site... http://fxtrade.oanda.com/analysis/ there's also myfxbook and FF the show most retailers short e/u. I guess I just don't think like a retail trader anymore or I'm just plain wrong...but I don't understand why they are short. There's no reason to be. Maybe they are stuck in losing shorts and "hoping" to get out.

well, I think is the time perspective, that's the key here. if you are just a scalper or trade on daily or maybe weekly positions, then yes, the eur/usd is a bit bullish. but on a longer period (or mid term period) the pair can be fully seen as bearish, mostly because of the eurozone crisis. nevertheless, the pair fell from 1.55 to 1.3 in the last year(s) only or mostly because of that. and there are plenty of reasons that is going to fall more. maybe not in the next month, but I think there's quite a chance that it will fall in the next 6 month, although the Fed is going to pump even more usd. the most interesting thing to observe will be the 1.2 line...the pair touched it 2 times in the last years and never really broke it (well, the first time it went to 1.18, but for a verey short period), althought some analysts predicted the pair to be at .85 at the end of 2012.

we will see
Quoting gustavhunter
I see that your mini break from this website has really matured you as a person since your last amazing call.

I sincerely hope that you are right on your prediction for the Euro. Your posts will look bad if you are wrong twice in a row.
You win some and you lose some. This was a nice predication... http://www.forexfactory.com/news.php...63#post5945624
Look, I'll make it real simple. If E/U closes below 1.3000(4hr chart or higher) before the end of the year(before Jan. 1st, 2013)...then I'll stop posting and you'll never hear from me again.

If it doesn't and stays above 1.3000...I don't want to hear anything from jaygee again! The trades she posts are useless..."short e/u, long e/u" with no explaination, stoploss, profit target....they often are losing trades that she has to add onto multiple times and hold for a week or more. Just ridiculous.

Sounds like a pretty fair deal!
that dollar yen gap hasn't filled yet. that seems bearish to me. i suspect it will tomorrow
Hey people, stop it. Now is not a perfect time to entry, because i just TP from 1.29 to 1.315 haha. So now EU in neutral, can up, can down.
And everyone never predict 100%, but when you wrong, how much you loss and when you right, how much you get

My opinion, i saw jaygee's trade always wrong, and loss big time. Wait for a miracle came true.
Wherever market can go, i will follow it. And i always take profit. Yeah sometime i wrong, but my loss is minimize, my profit is maximize. That's how trader can survive
I have in fact determined (with full explanation here http://www.forexfactory.com/news.php...99#post6303404) that the Euro will indeed not see below 1.30500 this year. I sincerely encourage those with open minds to please read this output as it is about the last time I shall be giving out such details folks interested in managing trades effectively. Merry Xmas!!!
So we are right now going down regardless of events to mark this 1.30500 limit as explained in detail in the indicated post. Good luck and I am almost wishing to say goodbye as my work here is almost done but one aspect remains, i.e. the evidence of track - cheers

BTW: To attain my current abilities I profited a lot from the free exchange of knowledge and insights that has characterized the Forex and what I am doing is to give back some if not all of what I meself learnt. That will of course come only after I have put up a live account here for 3 months and answered questions about my performance and technique in a thread that will last exactly one trading week (in the new year 13 is my lucky number and may be yours but the thread will be open to buddies only).
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Quoting Loadedgun
So we are right now going down regardless of events to mark this 1.30500 limit as explained in detail in the indicated post. Good luck and I am almost wishing to say goodbye as my work here is almost done but one aspect remains, i.e. the evidence of track - cheers
I agree that less than 1.3062 is highly unlikely this month, but until 1.3000 is tested and holds, I maintain that we don't yet have a true picture of a bull market. 1.30 has too many times been confirmed as resistance for the pair and I have found that any time a market repeatedly tests and fails a level, if it later breaks through it, it will eventually re-test this level as an opposite limit (in common parlance "support becomes resistance" and vice versa). Happy trading everyone!
By my estimates and based on my overarching mean reversion model the level will hold with 95% confidence. In any case I also agree with your assessment that only after price returns to trend do we have a bull market in place (though from a trading point of view that is a foregone conclusion just waiting for price confirmation) cheers.

Quoting Guest
I agree that less than 1.3062 is highly unlikely this month, but until 1.3000 is tested and holds, I maintain that we don't yet have a true picture of a bull market. 1.30 has too many times been confirmed as resistance for the pair and I have found that any time a market repeatedly tests and fails a level, if it later breaks through it, it will eventually re-test this level as an opposite limit (in common parlance "support becomes resistance" and vice versa). Happy trading everyone!
It's typical of this time of year and also reflective of the current limbo vis a vis fiscall cliff and the eurozone news slowing, it's tricky to call risk on risk off and year end enthusiasm and protection of bonuses adds to the lack of real direction. Wrt the article on Draghi I agree and GS are right in their assessment that the EU and ECB appear to have wrestled control of the situation. However, when OMT starts with vengeance versus the 85bn a month from FED initiatives we'll probably see a neutral outcome in 2013 with a preference towards the euro as an investment, despite Euro rates inevitably being lowered.

Once again the real currency returns ( pun intended) in 2013 will be made in currencies and by using methods that Jonny on the spot retail player misses.

Quoting Guest
I agree that less than 1.3062 is highly unlikely this month, but until 1.3000 is tested and holds, I maintain that we don't yet have a true picture of a bull market. 1.30 has too many times been confirmed as resistance for the pair and I have found that any time a market repeatedly tests and fails a level, if it later breaks through it, it will eventually re-test this level as an opposite limit (in common parlance "support becomes resistance" and vice versa). Happy trading everyone!
Its Christmas. Stupid low volatility moves by stupid middle/small sized fingers will drive the market. So you cannot have accurate predictions people right now. Best thing to do is scalp either direction, just my 2 cents. Keep your lot size low, and try to have some fun trading till the 15th of January - Unless Mayas knew something we dont know, lol.

Peace!
Quoting Loadedgun
So we are right now going down regardless of events to mark this 1.30500 limit as explained in detail in the indicated post. Good luck and I am almost wishing to say goodbye as my work here is almost done but one aspect remains, i.e. the evidence of track - cheers

BTW: To attain my current abilities I profited a lot from the free exchange of knowledge and insights that has characterized the Forex and what I am doing is to give back some if not all of what I meself learnt. That will of course come only after I have put up a live account...


Do that !
  • Post #49
  • Quote
  • Edited at 6:10am Dec 18, 2012 5:04am | Edited at 6:10am
Quoting Spreadbetter
It's typical of this time of year and also reflective of the current limbo vis a vis fiscall cliff and the eurozone news slowing, it's tricky to call risk on risk off and year end enthusiasm and protection of bonuses adds to the lack of real direction. Wrt the article on Draghi I agree and GS are right in their assessment that the EU and ECB appear to have wrestled control of the situation. However, when OMT starts with vengeance versus the 85bn a month from FED initiatives we'll probably see a neutral outcome in 2013 with a preference towards the...
These things and considerations of them are ignorant (deeply and profoundly so). There is simply no way and very little sense in trading analysis that tries to disaggregate the market for influencing variables. Forgive me but it is stupid. It is a product of conditioning that while appealing to human intellect serves very little purpose in enhancing trading effectiveness. I will not tire of saying that as a noob I fell for the rubbish too - but being of extremely quick mind and being especially conversant with the techniques of economic analysis and the use of econometric models from the oil industry (18 years experience) I quickly discounted this absurdity and searched and found a purely chaotic model that explains the market exactly all of the time.

Yes there will be those who will argue and beg the issues - but I have not hidden the basis for such modeling and even a one week old noob can verify my assertions by observing the markets based on mean reversion modeling. The fact is that it is an internally consistent approach that can be viewed as employing an infinite series of simultaneous equations to define its pivoting structures. Trading it is not simple because despite it's apparent simplicity one needs to pierce the veil and go behind the logic of it all to understand (and critically) believe in its absolute efficacy. That requires the study and understanding of some math which many people are scared of - though fairly simple if one is committed. The thing is that mean reversion works 100% of the time and will continue to do so because it is a purely chaotic model of the market and anyone like I said can check.

All these long winded mysterious and unprojectable "knowledge" and considerations of so called fundamentals does is to confuse folks, cause hesitancy and generally convince individuals that trading effectively is impossible. Reject such rubbish and be free. But gaining abilities using mean reversion is not a simple matter and one has to work really hard but with assurance of stable results ahead.

So for instance I say we will see 1.35 and before then we shall see first 1.3050 and it will happen with 95% confidence. What else does a trader need? What more can be described as accurate predictions?

A word is enough for the wise

BTW: I did not invent it, I am not John Bollinger (who himself might not have fully explored it) etc. So there is nothing new in the theory and the tools but there can be a lot new in the understanding and application of the tool. For instance mixing it up with fundamentals is pure stupidity given that it is a holistic interpretation of market sentiment.
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LG, you believe euro will retrace to 3050 but it stuck at the current level since yesterday. do you think it will make one more high before retrace? appreciate your answer. thanks
So you didn't have that honest conversation with yourself yesterday did you? You made no money from trading in 2012, you don't have the resources or access to funds to change that in 2013, yet continue with your cabaret/pantomime act remorselessly.

Give it up, intel proves that the vast majority of retail traders who make a living from trading do so after years of experience, but are well capitalised and swing/position trade and have realistic targets; they trade less and make more, perhaps 50% pa. Your inexperience and naivety shows in every post, your chasing a dream and aiming for something that doesn't exist.


Quoting Loadedgun
These things and considerations of them are ignorant (deeply and profoundly so). There is simply no way and very little sense in trading analysis that tries to disaggregate the market for influencing variables. Forgive me but it is stupid. It is a product of conditioning that while appealing to human intellect serves very little purpose in enhancing trading effectiveness. I will not tire of saying that as a noob I fell for the rubbish too - but being of extremely quick mind and being especially conversant with the techniques economic analysis and...
Quote:
Originally Posted by Loadedgun
Hey love.l0ve I have further determined that we should hit about 1.30500 (immediate target) before proceeding to 1.35. This may or may not be with a short spike above the current high. Just to update you and others on my assessments of the market and to prove to peanut butterspread or LS of FF that we are way ahead in reading the market precisely. Cheers (Check here for details http://www.forexfactory.com/news.php...99#post6303404)



when you say current high...what do you mean?
Quoting Spreadbetter
So you didn't have that honest conversation with yourself yesterday did you
Jokes apart we are not social equals and certainly not intellectual contemporaries. I understand you and in a sense feel sorry for you since frankly (and I do not know how else to express it) you are backing a dead horse and if really you want to improve your lot in life - it is my honest opinion that you be more open minded and investigate the realm of which I speak. Same goes for other doubters - just investigate it and see.

My tone is changed because I am winding down and have much better things to do now than spend time on these pages - but sincerely my wish is that traders know more about price dynamics and trade strictly by it and the market will be much smoother - much like improving the abilities of a population of drivers - the roads will be safer and driving more enjoyable.

BTW: It is a huge mistake to view the market in terms of a zero sum game. It is a market and your brokers merely provide liquidity to the wider market via your orders. No one need lose for another to win. There will always be suppliers and demanders driven by the real need to exchange. Once you know that, then you know it is not gambling and therefore there is a holy grail.
Quoting Guest
LG, you believe euro will retrace to 3050 but it stuck at the current level since yesterday. do you think it will make one more high before retrace? appreciate your answer. thanks
Yes if you check an earlier post I said it will go to 1.3050 with or without a spike above the current high which it is in the process of doing now. After topping the current high I believe we are good and ready to head for a test of the weekly average line. Notice it is always a play around the monthly, weekly and daily average price lines. Watching those lines at the appropriate times can be very useful in guiding market orientation. Pity there is no way to sit face to face to talk with some real positive traders here. Cheers
Quoting Fx Hiflyer
when you say current high...what do you mean?
The highest price point currently on the intraday charts.
Quoting Loadedgun
The highest price point currently on the intraday charts.
a figure please?
Quoting Fx Hiflyer
a figure please?
No you must check things for yourself. It is not hard to do. I got trades and things running I got to go. But please check things for yourself - that is trading.
Quoting Loadedgun
No you must check things for yourself. It is not hard to do. I got trades and things running I got to go. But please check things for yourself - that is trading.
went short for a few pips anyway
Quoting Loadedgun
Yes if you check an earlier post I said it will go to 1.3050
It's the classic newbie mistake to aim for lower levels when price just broke out of a flag-like pattern on the daily (and obviously on the usd-index as well). Look at the long/short ratios on your brokers platform and you will see that newbies like Loadedgun are all long the dollar (hihihihi). This can only mean the dollar will drop like a stone and everything else against it will surge like hell !!!
Quoting Fx Hiflyer
went short for a few pips anyway
But that was very risky - If I was to trade that down move I would still be waiting for price to turn - in all probability that will not be until the NY session. You need to use say a Moving Average like 21, 50 etc and even when you have a prediction or sense that price is moving down or up wait for price to crossover in direction before taking the risk. The thing is patience and if you know how price moves you can wait because the opportunity will come and you trade when it is safe. Moving averages work - in fact everything depends on an ability to read them even when you are using volatility bands to model the market on a mean reversion basis. I do not enter trades until for instance a crossover on the one hour is firm. And that can take almost a whole day sometimes. The market is not running away - do not get caught up by the 15 minute time frame - that is not the market. For instance I think the real opportunity for sweet shorts will be NY. Cheers
Quoting Loadedgun
...
BTW: To attain my current abilities I profited a lot from the free exchange of knowledge and insights that has characterized the Forex and what I am doing is to give back some if not all of what I meself learnt. That will of course come only after I have put up a live account here for 3 months and answered questions about my performance and technique in a thread that will last exactly one trading week (in the new year 13 is my lucky number and may be yours but the thread will be open to buddies only).
I have read a few of your posts. They are very interesting. I would like to learn more about your technique. Would you mind adding me to the thread which you planning to open (or to your buddies list)?
Quoting Loadedgun
But that was very risky - If I was to trade that down move I would still be waiting for price to turn - in all probability that will not be until the NY session. You need to use say a Moving Average like 21, 50 etc and even when you have a prediction or sense that price is moving down or up wait for price to crossover in direction before taking the risk. The thing is patience and if you know how price moves you can wait because the opportunity will come and you trade when it is safe. Moving averages work - in fact everything depends on an ability...

i closed it for 5 pips only.....the only 2 indicators i use are RSI and stochastic oscillator...and i dont know what do you mean when you say '21 and 50'..................the problem is i cant find an entry for gold right now..so i was looking to make some pips out of euro
Quoting j3mp
I have read a few of your posts. They are very interesting. I would like to learn more about your technique. Would you mind adding me to the thread which you planning to open (or to your buddies list)?
First will be the live feed of my trades - if they make the grade and generate the interest I suspect they would then we will see. I would not bother about any claim by anyone that can not be demonstrated to work as advertised. So let us wait. There are one or two things holding me up including commissioning and finalizing a couple of indicators I now use by simulating several others (not efficient). Once I am ready and prove what I am talking about by result then we shall see. Cheers and good luck.
Quoting Fx Hiflyer
i closed it for 5 pips only.....the only 2 indicators i use are RSI and stochastic oscillator...and i dont know what do you mean when you say '21 and 50'..................the problem is i cant find an entry for gold right now..so i was looking to make some pips out of euro
21 and 50 refer to look back periods for moving averages. Look and I know I should tell you this privately but I do not do PMs - you should spend more time in babypips.com I still go there to check on stuff myself but when I started I completed the entire course and it is free and very valuable. In fact you would be able to develop a simple system by yourself when you are through and would be better placed to assess when someone is talking crap about trades. Frankly if you intend to really profit - you got to invest significant amounts of time in learning some rather important things about measuring and trading the markets it is critical or else you are in a gamble always afraid and or confused about what you are doing. Does not make you any less of a trader sticking with babypips.com - every trade day after all is a new lesson for all traders.
Quoting Loadedgun
First will be the live feed of my trades - if they make the grade and generate the interest I suspect they would then we will see. I would not bother about any claim by anyone that can not be demonstrated to work as advertised. So let us wait. There are one or two things holding me up including commissioning and finalizing a couple of indicators I now use by simulating several others (not efficient). Once I am ready and prove what I am talking about by result then we shall see. Cheers and good luck.

i showed your posts to my mentor 2 months back i suppose.......he was impressed but he said that in his firm he has run multiple tests based on price action and it might be the best thing for entry and direction...but when it goes wrong..it goes horribly wrong...especially when you are only depending on it for your reasoning!
Quoting Loadedgun
21 and 50 refer to look back periods for moving averages. Look and I know I should tell you this privately but I do not do PMs - you should spend more time in babypips.com I still go there to check on stuff myself but when I started I completed the entire course and it is free and very valuable. In fact you would be able to develop a simple system by yourself when you are through and would be better placed to assess when someone is talking crap about trades. Frankly if you intend to really profit - you got to invest significant amounts of time in...

so true...i have read alot of babypips but i havent completed the course..left the technical part completely!!.....every week i tell myself il complete it this weekend but all i do is end up partying every weekend
Quoting Fx Hiflyer
i showed your posts to my mentor 2 months back i suppose.......he was impressed but he said that in his firm he has run multiple tests based on price action and it might be the best thing for entry and direction...but when it goes wrong..it goes horribly wrong...especially when you are only depending on it for your reasoning!
That is why my approach to price action is based on mean reversion theory - that is what guides my overall assessment of the market and based on which I act. But hell it takes time to trust even your own mind and what your eyes see. yet all the trades I have lost since I started using mean reversion have been because I doubted or second guessed the theory or listened to talk about some silly market event or fundamentals. Read about mean reversion and test it out using double bollinger bands and see. While correct all the time you will still fail to get the trades right at first due just to doubt.

Note that you chose a mean based on horizon - that is if you trade short-term use say 20 as mean and if medium to long 50, 100 etc
Quoting Guest
Would you mind sharing which indicators you use? Will you be able to share your customer indicators once ready?
You know the indicators do not matter that you use. First and foremost is your theory of the market. Mine is mean reversion and (for those who do not have a regressor engine or know how to use it since it can be complex to use) the basic tool or indicator is double volatility bands which you set to a mean value of your choice and use for basic market orientation. But beyond that (which is why I am being circumspect here) is the fact that I went beyond theory to establish the math - via fractal geometry and chaos math. Based on which I formed notions of how to read a trend in its unified form etc.

There are no simple tools that just tell you this or that - it is a process of synthesis so once you have an idea of the theory then you start looking for tools that help you. The macd for instance is a pretty useful oscillator which I used for a while before I moved on - (still using the same principle). But the point is do not look to tools to explain the market look to a theory of market first then try to find tools that help you establish or alert you to thresholds.
BTW hope you guys are trading - I am doing good with gold and GBPNZD so do not expect to eat or improve if instead of focusing on trades you entangle yourself with silly escapades here.
Good morning jaygee! Looks like there was a whole bunch of "discussion" whilst I slept! Sure makes for some entertaining reading with my morning coffee. My only thought right now is I hope others do as yourself (and soon to be LG) post real time trades. That will, without a doubt, end this constant bickering. LG can be caustic at times...but maybe he is on to something. Lets see. Last year I finished a very detailed study of hundreds of systems...but I required a year track record to be considered.
what the f*ck did make E/U going north ????? seem weird movements....is it a trap ???
Yooohooooo done for the day, filled all my longs at .32051 as what I said this morning and what I see on my charts. Locking all longs at TP - all in a days job, no need wait days, weeks and months like some traders here!! Seriously no need to post real time trades here, just get on with trades with real pips and the rest of the yacking by traders here on their entries are history.

That to me is REAL kching kching kching to take the micky at someone!
Quoting prentis31
what the f*ck did make E/U going north ????? seem weird movements....is it a trap ???
BS fiscal cliff from the land of Apple. There is still run for north .3275 though watch for .3225/30 rumored sell/offers. There is a case for bulldozing - so remember to set SL.
Quoting jonahky7
BS fiscal cliff from the land of Apple. There is still run for north .3275 though watch for .3225/30 rumored sell/offers. There is a case for bulldozing - so remember to set SL.
thanks bro..nice advice..
Quoting prentis31
what the f*ck did make E/U going north ????? seem weird movements....is it a trap ???
It was all on the charts....NOTHING said to go short last week or this week. I still think 1.3300 is the goal, just not sure if it's this week or next.

As for the fiscal cliff crap...it's lose lose imho. If it's solved, it's Risk on, Euro rally. If it's not solved, then that's bad for the USD..so Euro still goes up!

And remeber, Draghi has your back!
Quoting Tw0eleven
It was all on the charts....NOTHING said to go short last week or this week. I still think 1.3300 is the goal, just not sure if it's this week or next.

As for the fiscal cliff crap...it's lose lose imho. If it's solved, it's Risk on, Euro rally. If it's not solved, then that's bad for the USD..so Euro still goes up!

And remeber, Draghi has your back!

my broker said 1.33 aswel....it wasnt easy to believe back then
The USD is toast the rest of the year....no reason fundamentally or technically to own it.
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Quoting Loadedgun
Yes if you check an earlier post I said it will go to 1.3050 with or without a spike above the current high which it is in the process of doing now. After topping the current high I believe we are good and ready to head for a test of the weekly average line. Notice it is always a play around the monthly, weekly and daily average price lines. Watching those lines at the appropriate times can be very useful in guiding market orientation. Pity there is no way to sit face to face to talk with some real positive traders here. Cheers
i wonder how you can analyze this pair very well. i hope your analysis abput 3050 will be true too cause i'm selling euro now. Thanks bro.
To my chagrin the Euro traders are determined to hit 1.32574 before relenting. I think one person I know must be dead and buried by now. All say RIP to the chap who knows himself.

BTW: I am no better really in terms of how I feel been waiting for the pair to stand down retrace and allow me enter for the last lap - but alas I am still waiting (though not lost like my friend JG - RIP).
Quoting Tw0eleven
1) it didn't take 2 weeks, Dec4-10th is only 6days. Again...you should check your facts before posting stuff that makes you look like an idiot. http://www.forexfactory.com/news.php...36#post6280101

2.) Jaygee brings these problems on herself...she is NOT posting an opinion, simply posting Buy or Sell with no reason behind it, no stoploss, no target price. That does nothing to help other traders out. She can start a signal service somewhere else and get paid for it. Look at her latest e/u short trades..I HOPE no new...
Think you can rest assure for the current and next few months, though I can't guarantee the future Coz I've not received any help email from newbie traders to help their trades. When that trader breakeven (as for calls think there is a site, advertised here on ff) to shout all they want so others can follow them).

ANyway, trade safe and wise. Hit my 2nd TP closed all longs at .3225 R line until tomorrow.
Quoting Loadedgun
To my chagrin the Euro traders are determined to hit 1.32574 before relenting. I think one person I know must be dead and buried by now. All say RIP to the chap who knows himself.

BTW: I am no better really in terms of how I feel been waiting for the pair to stand down retrace and allow me enter for the last lap - but alas I am still waiting (though not lost like my friend JG - RIP).
R lines for me to look at tomorrow .3244/51 .3275/82 for up while for down .3144 (doubt we'll see it before Christmas as liquidity is going to be very thin) - adios buddy in the meantime.

GOing to catch some sleep before the Asian market starts coz it's easy to trade Asian market!
Quoting jonahky7
Think you can rest assure for the current and next few months, though I can't guarantee the future Coz I've not received any help email from newbie traders to help their trades. When that trader breakeven (as for calls think there is a site, advertised here on ff) to shout all they want so others can follow them).

ANyway, trade safe and wise. Hit my 2nd TP closed all longs at .3225 R line until tomorrow.
Nice work bud! Enjoy the pips and the holidays!
Loadedgun, Happy Holidays to you! Keep on your path, you're doing great!
7 more days to Christmas - a Merry Christmas to all. To all who are in green have a good one.

For those in red, perhaps its a season to reflect being and to be humble in the new year - no point being an arrogant sob. Just like Mike Haran said, work as a group within retail rather than bitching but hey bitching it will still happen as long some traders remain arrogant!!!!
go chicken, go!!
passing here to see if anything has changed and, no.

then, bye!
Quoting Guest
i wonder how you can analyze this pair very well. i hope your analysis abput 3050 will be true too cause i'm selling euro now. Thanks bro.
Well you know now the performance on the day and 1.3050 is starting to look rather cagey -but fingers crossed. Was waiting to enter and kicking meself for not sticking with the rally north but I am human and really saw it as I called it but does not look like today - lets see what tomorrow brings. It has broken all logical limits intraday. BTW what would fundamentalists put this to? Would they say they saw this? No chance
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Quoting Loadedgun
Well you know now the performance on the day and 1.3050 is starting to look rather cagey -but fingers crossed. Was waiting to enter and kicking meself for not sticking with the rally north but I am human and really saw it as I called it but does not look like today - lets see what tomorrow brings. It has broken all logical limits intraday. BTW what would fundamentalists put this to? Would they say they saw this? No chance
everybody said euro is heading north to at least 1.33. do you see the same before it can retrace to 3050? yes, fundamental " white house rejects boehner's backup plan" and i wonder why euro movement is against loco these days?
Quoting Guest
everybody said euro is heading north to at least 1.33. do you see the same before it can retrace to 3050? yes, fundamental " white house rejects boehner's backup plan" and i wonder why euro movement is against loco these days?
Buffer zone until the next rate cut from ECB whenever that will be. Spain had been "promised" 0.5% bailout term so ECB will be forced in time to cut rate so when that happens then expect more south, otherwise its up in the meantime
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Quoting jonahky7
Buffer zone until the next rate cut from ECB whenever that will be. Spain had been "promised" 0.5% bailout term so ECB will be forced in time to cut rate so when that happens then expect more south, otherwise its up in the meantime
i believe the euro trend is up but you dont think it will retrace for a while, jonah? thanks for advice bro
Not really until .3275/88 area coz I'm still betting BIS going for a 100pips homerun when they run today from .3170 unless another sovereign goes against BIS - so watch the space
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