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  • #74,901
  • Mar 12, 2009 5:03pm Mar 12, 2009 5:03pm
I think this is a bull trap, unless a clear break of 1.3090 level and supported by that level, utill this happen, bearers will return to short,
WOW when a bearer sees a 1.2940 level which is a resistant at current time 1st thing to do take a risky short position opportinity SL over 1.3 level till 1.31 level which interns drive prices lower again.
i think the correlation about equities and euros will vanish soon, add to this the clear view of SNB toward devalue thier currency, ECB will follow.
Bankers in EU will and i think they should lower thier intrest again (THE MESSAGE HAS BEEN REACHED)
Regards all, that is some kind of view
  • #74,902
  • Mar 12, 2009 5:13pm Mar 12, 2009 5:13pm
Quoting Jhig
I can understand him telling the world. I too get excited about the market and my daily take home profits, sometimes.

And so what, if he is a scalper ... these days we are all scalpers. If it's real profits (not demo), he should announce it to the world. On a day like today, many stopped trading eariler, only to miss out on that upwards move this afternoon. Guy, tell you world you made money today ... and be proud of it.

if you made 100 pips in one move 0r 2 trade with 6 lots it's doesnt mean you made 600 pips. are you going to beleive someone scored 300 points in NBA in every single game? wayy above every game average? nothing wrong celabrating though.
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #74,903
  • Mar 12, 2009 5:24pm Mar 12, 2009 5:24pm
anyone short @ 1.29
  • #74,904
  • Mar 12, 2009 5:26pm Mar 12, 2009 5:26pm
Quoting dallavise
What I say is true, and I don't have to tell the world. If you get excited about something, don't you usually want to tell someone? I'm sorry if that is unprofessional or annoying. But I wouldn't lie about it.
I didn't say you might not have made 600+ pips - just that it is hard to believe in the range of possibilities. Tell as many as you like if that is what you feel is necessary. Just don't expect everyone to believe it though.

I am reminded of someone posting that they see EU going to 1.60 again or the other way 0.60 for the first time. Yes it is possible, just not likely anytime soon. So someone saying they made any many pips as you say, it happens but just not as often as traders like to claim on this thread. I guess you are the once every so often to do it.
  • #74,905
  • Mar 12, 2009 5:29pm Mar 12, 2009 5:29pm
trend looks to be reversing 4hr and daily candle anyone else?
  • #74,906
  • Mar 12, 2009 5:33pm Mar 12, 2009 5:33pm
killed it on BAC today
"Diversification is an excuse for a lack of talent" ~FXC
  • #74,907
  • Mar 12, 2009 5:33pm Mar 12, 2009 5:33pm
Quoting Pipster888
trend looks to be reversing 4hr and daily candle anyone else?
i see that too...i think i reached the top @2940
  • #74,908
  • Mar 12, 2009 5:34pm Mar 12, 2009 5:34pm
http://www.telegraph.co.uk/finance/f...in-months.html


... not what the pair is doing though at the moment
  • #74,909
  • Mar 12, 2009 5:43pm Mar 12, 2009 5:43pm
Friday reversal???? I'm short @ 1.2915. I should move to BE and let it ride.
  • #74,910
  • Mar 12, 2009 5:44pm Mar 12, 2009 5:44pm
Quoting vulture
if you made 100 pips in one move 0r 2 trade with 6 lots it's doesnt mean you made 600 pips. are you going to beleive someone scored 300 points in NBA in every single game? wayy above every game average? nothing wrong celabrating though.
He could have traded many pairs. For example, I trade Eur/Usd, Usd/Jpy, Eur/Chf, & Eur/Gbp and have made hundreds of pips many days. (Not consistantly, but some days my total number of pips is greater than 500+ and other days it's 100 pips total) It all depends on the currencies and the type of trading day given.

For another example, I was lazy today and did not trade all my pairs. I missed the Eur/Chf pair (the big sell off of CHF earlier), if I'd have traded that pair today, I too would have probably been up 600 pips. My day consisted of 200+ pips profit trading Usd/Jpy and 100+ pips trading Eur/Usd.

So, some days it may be possible to gain 600+ pips ... especially a day like today. If I would have known CHF would have had a sell-off day, who knows, I may would have banked 2,000 pips in a single day. Every CHF pair moved at least 300 pips today. Though now, I regreting being lazy today.
  • #74,911
  • Mar 12, 2009 5:48pm Mar 12, 2009 5:48pm
Quoting ragnakore
http://www.telegraph.co.uk/finance/f...in-months.html


... not what the pair is doing though at the moment
good post..
  • #74,912
  • Mar 12, 2009 5:58pm Mar 12, 2009 5:58pm
Quoting Jhig
He could have traded many pairs. For example, I trade Eur/Usd, Usd/Jpy, Eur/Chf, & Eur/Gbp and have made hundreds of pips many days. (Not consistantly, but some days my total number of pips is greater than 500+ and other days it's 100 pips total) It all depends on the currencies and the type of trading day given.

[font=Tahoma]For another example, I was lazy today and did not trade all my pairs. I missed the Eur/Chf pair (the big sell off of CHF earlier), if I'd have traded that pair today, I too would have probably been up...
That's of course make since.
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #74,913
  • Mar 12, 2009 5:59pm Mar 12, 2009 5:59pm
Quoting akirax
good post..
Never Forget!

When you see lots of Shorts in any position they need to COVER. When they cover and the Momentum Buyers kick in you'll see the biggest MOVES.

I would not pay too much attention to what this guy wrote. No one will tell him when they cover for him to publish another article.

The Price Action will tell you more than any article.
  • #74,914
  • Mar 12, 2009 6:00pm Mar 12, 2009 6:00pm
Quoting Pipster888
anyone short @ 1.29
I was short at 1.29 but went for the scalp as I'm waiting for a retracement back into the 1.2915 area to get a better position.

PA is incredibly slow right now so I'm just staying patient.
  • #74,915
  • Mar 12, 2009 6:02pm Mar 12, 2009 6:02pm
Quoting jon clogger

I went ahead and shorted 1.2930 with stops above 1.30 for now, probably take profit around 4pm PST regardless of PA.

Sneaky Asian session likes to chop chop too much.

Half off at +40, SL now BE for remaining half.
What's that smell?
  • #74,916
  • Mar 12, 2009 6:17pm Mar 12, 2009 6:17pm
Quoting ragnakore
http://www.telegraph.co.uk/finance/f...in-months.html


... not what the pair is doing though at the moment
Beware of longs.. These are extraordinary times when banks are desperate for money. This upswing looks like a sure bait. Beware! Fundamentals are behind the technicals. This can be very convincing which might last for a while. That way, they can get more and more people to bite the bait.. Nothing wrong with taking advantage of it but it will be prudent to be cautious..
  • #74,917
  • Mar 12, 2009 6:23pm Mar 12, 2009 6:23pm
It's a interesting contrast between on this forum between GBPUSD and EURUSD trading style wise.

GBPUSD Thread is all, Fib levels and other such BS.
EURUSD is all PA and common sense, which lets face it is how to trade.


Interesting how 2 threads on different currencys attract such a different approach.

GBPUSB thread all Yanks ??


Keep it up EURUSD traders!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #74,918
  • Mar 12, 2009 6:29pm Mar 12, 2009 6:29pm
Quoting Turveyd
It's a interesting contrast between on this forum between GBPUSD and EURUSD trading style wise.
GBPUSD Thread is all, Fib levels and other such BS.
EURUSD is all PA and common sense, which lets face it is how to trade.
Interesting how 2 threads on different currencys attract such a different approach.
GBPUSB thread all Yanks ??
Keep it up EURUSD traders!!
Hey Turveyd,
Welcome to the Eur/Usd Thread!
Hope you stay and contribute to our little neck of the woods.
  • #74,919
  • Mar 12, 2009 6:30pm Mar 12, 2009 6:30pm
We haven't been this high since February 23rd. Will it sustain these levels? Will selling pressure push her back down? Tune in to find out.
  • #74,920
  • Mar 12, 2009 6:36pm Mar 12, 2009 6:36pm
I'm a little skeptical of a Long position at this time.
Hourly chart shows, price action way outside it uptrend channel.
In the next few hours, I would expect price to make its way back inside the channel. Just be ready for the Sell-off. Personally, I'm looking for a Downward trend with a target of 1.2800.

Hope I'm right!
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