EURUSD

This my friends is pure market manipulation till London close...nasty..nasty...

hmmm ok how do we set up to play it?

Stay out...till we see "normal" conditions resume..this is extremely unpredictable..

The manipulated PA also serves to remove the "exactness" of chart formations.....interference to disguise, if you will, telling patterns. Could this be by intent? Who knows. At times like this, at ALL times, we just step back and look for runs with longer potential between stronger levels, runs that start with long candles on larger timeframes, where it is harder for the Big Boys to use whipsawing PA action to disquise their intent.....just a thought.

IMO initial thoughts are...

Will be kept above 1.290 or even above to secure 5pm (GMT) rates..then it might plunge down with DJI, Oil, Gold...

Pure speculation...

Someone think that will come down?
I'm short at 1,2905!!!!!!!!!!

Put your charts at M30.
Set RSI 21, see chart since last 28th November, you guys know how to see RSI divergence, this indicator is telling us where to go.
Last M15 Bullish Divergence PA was the announcement.

If it breaks 1.2970 we could see 1.3200 by the end of the week.

Certainly an illogical market today. My 1.2936 short got closed out at 1.2935. I reshorted at 1.2946. I'm not sure how the euro can sustain such upside against the dollar. Trichet is gonna make a little slip about one or two more rate cuts, and this thing could plunge IMO. I want to be ready for that.

I'm short now...would be very very surprised to see this sustain it's IMO false upwards momentum....

Just my 2 cents...

.... saying more rate cut next meeting not guaranteed.

I bet a no cut!

......M30 RSI at 70 points.

DO NOT RUSH!!!

Ok, I've done my advices for today.

cya

I think that would still kill the euro. I mean I believe this market is interest-rate driven, so a no-cut would lend support, however if they don't cut, things could get ugly. Everything I know about the eurozone right now is NO GOOD.

I go with Shadowfx. Short @1.2946 with 120 pips SL.

http://www.forexfactory.com/images/icons/icon13.gifhttp://www.forexfactory.com/images/icons/icon13.gif MUST GO DOWN http://www.forexfactory.com/images/icons/icon13.gifhttp://www.forexfactory.com/images/icons/icon13.gif

read what you had to say..

now convinced were heading down.. were back at the upper trendline/wall

slightly above.. now.. can it hold.. or does 1.30 smack it back down to earth?

What the... as soon as I push the button. It flies higher. Break the last res @1.2965. Is there someone here put billions long on EURUSD ? Still wait what's next.

it about to break 1.30

I think that was part of my point. I'm not questioning your trading skills or methods, and you're absolutely correct that this is a highly individual bizness. Within a few minutes of your post, several others popped up from people with a handful of posts gleeful that that they had found a kindred spirit.

I'm also not saying that post count equates with trading skills or any such nonsense. But a certain credibility is gained over time as folks learn more about you as you do post, and to drop in with a "no close/no lose" mentality and suddenly have the "me too's" pop out of the woods was a little weird. Actually, I think I was more focused on the replies to your post than your post itself at the time.

You seemed to convey a reasonable degree of backup for your positions and it didn't sound much different than most of us here if I remember rightly. Your trading methods were not as clear however and that's what I was referring to. Let me apologize if that wasn't clear. My post may have been overly harsh sounding and possibly unfair as well at least towards you.

Not sure how long you've been reading here before posting, but money management and trade entry/exits are 2 of the more discussed topics here that noobs tend to understand the least when starting out. If they don't want to learn, then any and all of us here will take their pips until they do learn or go bust for the last time.

The problem is many of them trade the same way with 5-20% or more of their account and see posts such as your first one as validation. The partial intent of my post was to simply illustrate that it can come down a lot faster than it can go up...

Several folks here have put in a lot of time and effort trying to provide sound trading resources and input that can help those folks looking for help get it sooner rather than "too later", including hosting their own websites at no charge. For the most part "We" collectively look at noobs here as fellow traders in need until they've proven their stupidity beyond any doubt with no intentions to change, then they simply get added to the "Liquidity" pool...

This thread is as open to your views and perspectives are as anyone elses, and as with any of us, they'll get the merit and respect they deserve. The only caveat is that at some point if they deviate too far from the general ((and often fluid)) flow and direction of this one, a separate thread that can focus specifically on your methods is more in order for the benefit of all those so inclined.

Until that time, again my apologies where appropriate and welcome to the thread.