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EURUSD

  • #92,981
  • May 6, 2009 5:03am May 6, 2009 5:03am
Well I have just shit myself!
  • #92,982
  • May 6, 2009 5:04am May 6, 2009 5:04am
Quoting Atlast
I guess you could say it touched 1.3296 on the ask if your spread is 5 pips
and before you say anything, I know, cheating
Trade carefully and with gusto
  • #92,983
  • May 6, 2009 5:06am May 6, 2009 5:06am
Man just step aside now. We're doin nothing since 2 hours ago. She just plays between 1.3340 - 1.3300. 1.3340 is known as potential sup/res line for since 29th and 1.3300 is just psych number. Soon we break between this area, there'll be more direction known. More bearish bias though.
Manage your risk accordingly and you're half done your home work.
  • #92,984
  • May 6, 2009 5:07am May 6, 2009 5:07am
I am short @ 1.3315, but i don't know why the pair made that move. My stop loss is very far away !!! jaja
  • #92,985
  • May 6, 2009 5:09am May 6, 2009 5:09am
last time i saw such a thing the market started to drop 200 pips afterward. guess they jus wanted to kick some out of the boat
  • #92,986
  • May 6, 2009 5:11am May 6, 2009 5:11am
Quoting Yavar
last time i saw such a thing the market started to drop 200 pips afterward. guess they jus wanted to kick some out of the boat
They kicked my 10 pips SL long pending LOL! Wouldn't have time to react probably anyway. That is why SL's are in place
  • #92,987
  • May 6, 2009 5:11am May 6, 2009 5:11am
Just made 20 extra pips on that move.
I think it will be choppy till 8:15
  • #92,988
  • May 6, 2009 5:12am May 6, 2009 5:12am
it was a turkish bank posted a bid at 3350 for 1m eur$ on ebs
  • #92,989
  • May 6, 2009 5:13am May 6, 2009 5:13am
Quoting WedWed
Good morning friends..

in chart 5min i draw the red gate (TL) .. once price breack it we will see 1.334

Eure made big spike just to tuch my TP and go down directly..
Never sell @ lower upward channel unless breacked and vise versa .
  • #92,990
  • May 6, 2009 5:14am May 6, 2009 5:14am
Quoting TheFisherman
Woa! What was that spike? I was not paying attention...
A bid up to where shorts have their stops to take out the shorts then a drop to below to pull in more shorts then away it goes up after a time, shorts trapped again and longs scrambling to get in. That is my explanation and I am counting on it.
  • #92,991
  • May 6, 2009 5:14am May 6, 2009 5:14am
Quoting Yavar
last time i saw such a thing the market started to drop 200 pips afterward. guess they jus wanted to kick some out of the boat
I can never make sense of such statements. What? The entire EURUSD market behaved in unison to offload some shorters?
  • #92,992
  • May 6, 2009 5:19am May 6, 2009 5:19am
I suspect we are in consolidation before going down again.
I prefer a trending market-its better to trade than those sudden 400 pip moves in both directions..
rate decisions this week will provide better direction
Some drink at the fountain of knowledge. Others just gargle !
  • #92,993
  • May 6, 2009 5:20am May 6, 2009 5:20am
Quoting notch
Well I have just shit myself!

Winner for best post of the day ^^^
  • #92,994
  • May 6, 2009 5:20am May 6, 2009 5:20am
It's time for Soccer on the Xbox. I need to unload some stress onto the gaimg online community!!
  • #92,995
  • May 6, 2009 5:21am May 6, 2009 5:21am
I am out of the short ofcorse now

and thinking long

but waiting confirmation
I SEE YOU !!
  • #92,996
  • May 6, 2009 5:24am May 6, 2009 5:24am
Quoting dbfusion
I am out of the short ofcorse now

and thinking long

but waiting confirmation
I'm not trading until the market stabilises. Probably after 13:00 GMT.
  • #92,997
  • May 6, 2009 5:26am May 6, 2009 5:26am
Quoting sccz97
it was a turkish bank posted a bid at 3350 for 1m eur$ on ebs
Some idiot will get fired today and they are probably shitting their pants right now... how much do you think they bought?
  • #92,998
  • May 6, 2009 5:29am May 6, 2009 5:29am
Quoting TheFisherman
Some idiot will get fired today and they are probably shitting their pants right now... how much do you think they bought?
Seems to be going north quite nicely maybe he'll get a payrise
  • #92,999
  • May 6, 2009 5:29am May 6, 2009 5:29am
and if you don't believe that conspiracy I painted, then what about this; the traders who were long all woke up at the same time and went to their computer at the same time, saw their profits evaporate somewhat and all at the same time closed their longs. Market reacted until no more longs to sell.
It doesn't matter anyway, I have long stopped worrying or blaming the market for what it does when things aint going right
  • #93,000
  • May 6, 2009 5:31am May 6, 2009 5:31am
Quoting notch
It's time for Soccer on the Xbox. I need to unload some stress onto the gaimg online community!!
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