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  • #11,641
  • Jun 23, 2008 11:52pm Jun 23, 2008 11:52pm
crossed my 20 SMA, on 1 HR, see u at above 56
  • #11,642
  • Edited Jun 24, 2008 12:04am Jun 23, 2008 11:54pm | Edited Jun 24, 2008 12:04am
Confusing market. I had shorted and got stopped.

I asked my crystal ball here's what's gonna happen...


Its going either up or down...lets see what happens..

Bears make money....Bulls make money...Neither can predict the market otherwise there would be no bulls and no bears just billionaires....gl

Edit: The only way to know where the market is going is to wait for the money to start flowing.
Volume sustains the market. The trend in place at around 1:30 MT usually holds till the US open.
But, we are in a tight range at the moment. It could continue for awhile.
  • #11,643
  • Jun 24, 2008 12:08am Jun 24, 2008 12:08am
Just scalped on the Long.
Got out at 5525. (Weekly Pivot)

There could be more action coming up.. setting up for the upcoming annoucements.
Chances favour the prepared.
  • #11,644
  • Jun 24, 2008 12:26am Jun 24, 2008 12:26am
news due at 2:10 gmt or 2:00?
  • #11,645
  • Jun 24, 2008 12:27am Jun 24, 2008 12:27am
German consumer confidence in 30 minutes

More news 45 minutes after.
  • #11,646
  • Jun 24, 2008 12:30am Jun 24, 2008 12:30am
why does my RSS say 2:10..
  • #11,647
  • Jun 24, 2008 1:02am Jun 24, 2008 1:02am
-.7!
  • #11,648
  • Jun 24, 2008 1:19am Jun 24, 2008 1:19am
now I am confusing, the market is neither bull or bear, but flucted in a certain scope.So I think we just see what gona happen
  • #11,649
  • Jun 24, 2008 1:20am Jun 24, 2008 1:20am
wait for French Consumer Spending m/m and see what happens.
  • #11,650
  • Jun 24, 2008 1:20am Jun 24, 2008 1:20am
Quoting cvarnado
-.7!
And the market could care less.... just shot up after the news.
If German Consumer Confidence did not stop it, no way french news are going to do it.
Looks like bulls are back in the drivers seat.
  • #11,651
  • Jun 24, 2008 1:21am Jun 24, 2008 1:21am
1hr resistance broken at 5524ish. A close above could run a little.
  • #11,652
  • Jun 24, 2008 1:44am Jun 24, 2008 1:44am
If we break new highs, there will probably be another bullish candle tomorrow, but shorting at yesterday's highs is a possibility, will have wait till we get to 5640. I favor all the way to 1.78 from here, but we'll have see.
  • #11,653
  • Jun 24, 2008 1:48am Jun 24, 2008 1:48am
Quoting Clouds
If we break new highs, there will probably be another bullish candle tomorrow, but shorting at yesterday's highs is a possibility, will have wait till we get to 5640. I favor all the way to 1.78 from here, but we'll have see.
1.78?
  • #11,654
  • Jun 24, 2008 1:51am Jun 24, 2008 1:51am
Quoting piptornado
1.78?
Just what I see.
Attached Image
  • #11,655
  • Jun 24, 2008 1:54am Jun 24, 2008 1:54am
Quoting Clouds
Just what I see.
Attachment
  • #11,656
  • Jun 24, 2008 1:59am Jun 24, 2008 1:59am
just hope to hit 5568 - then all my longs are closed and i'm out on that side... adding some shorts if e/u still goes higher...
  • #11,657
  • Jun 24, 2008 2:07am Jun 24, 2008 2:07am
Quoting Optimum
Eur/USD 1.5483 LONG
Close position 1.5549 (66Pips)

Short Position 1.5549
  • #11,658
  • Jun 24, 2008 2:14am Jun 24, 2008 2:14am
Quoting Optimum
Close position 1.5549 (66Pips)

Short Position 1.5549
hope you have a good sl. Market is pretty bullish.
  • #11,659
  • Jun 24, 2008 2:22am Jun 24, 2008 2:22am
Quoting piptornado
hope you have a good sl. Market is pretty bullish.
S/l 1,5580

My English Bad.

What do you think?

Eur/usd up ? 1.6
Eur/Usd down ? 1.5 - 1,4

Which one ?
  • #11,660
  • Jun 24, 2008 2:26am Jun 24, 2008 2:26am
Quoting Optimum
S/l 1,5580

My English Bad.

What do you think?

Eur/usd up ? 1.6
Eur/Usd down ? 1.5 - 1,4

Which one ?
I believe we will be stuck in the 1.53 to 1.58 for a while more.
The way things look fundamentaly, I think 1.50 by the end of the third quarter when the eurozone starts feeling what the U.S. has been going thru for a while now. But technically it looks we might see 1.60 before it comes down.
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