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  • #204,641
  • Mar 2, 2010 4:15am Mar 2, 2010 4:15am
Quoting PriceVolume
No. My concerns are this - while we got a new low, it's a pathetically weak low. And, it was faded pretty quickly. Above 3513 begins to threaten bullish strength (talking short term here). So, what I would want to see is an impulsive move down, the formation of a ledge (aka pullback), and a break of that ledge. Unless we get a significant retracement, I won't be adding to my shorts again until we hold below the recent low....and have the PA described above.....
this movement could have served multiple purposes... stops triggered, shorts below 1.3450 triggered. we are still waiting for the bailout plans, which would send the euro seemingly higher and again hunting the stops of the triggered short-trades. i am possibly just paranoid on this.
  • #204,642
  • Mar 2, 2010 4:23am Mar 2, 2010 4:23am
Quoting Mr Hatch
this movement could have served multiple purposes... stops triggered, shorts below 1.3450 triggered. we are still waiting for the bailout plans, which would send the euro seemingly higher and again hunting the stops of the triggered short-trades. i am possibly just paranoid on this.
hehhe yes ı am also paranoid of this shake down up like ping pong game...I have good decisions on low prices to bull it...but I have no good analyzes how high it can go because I have simple panicing it will go break the downtrend and go to 14000 when I want to short I will be hitted with big crash...I predict in moment better the low price for buy, not the opposit
" Accepting losses is the most important single investment devise "
  • #204,643
  • Mar 2, 2010 4:24am Mar 2, 2010 4:24am
Quoting Mr Hatch
this movement could have served multiple purposes... stops triggered, shorts below 1.3450 triggered. we are still waiting for the bailout plans, which would send the euro seemingly higher and again hunting the stops of the triggered short-trades. i am possibly just paranoid on this.
Honestly, I believe that we're overdue for a pullback. But there's been alot of resistance to the topside lately....every opportunity gets beaten down pretty quickly. There is concern over the bailout....no one wants to get caught with their pants down in a short, particularly when you have patterns on the chart suggesting a retracement. But I think once it's announced, and the pair goes up - it will be back to business as usual to the downside. Still alot that hasn't surfaced about PIIGS - Greece is only the beginning...plenty of woe to go around. Bottom line - we need renewed interest in selling - and until the items above are resolved, you're probably not going to see that. We either need retracement, or significant ranging and downward breakout to kickstart....plus some resolution to the unknown bailout....

Now I'm going to sleep...for real this time.....good trades, all....
  • #204,644
  • Mar 2, 2010 4:29am Mar 2, 2010 4:29am
Yeah earlier tonight it seemed like it was able to go 100 pips in ether direction. the gbp/usd seems to be matching it to with the highs and lows matching times. because I'm fairly new to trading I'm going to sit out and watch it tonight. the news keeps saying that there might be a bailout for greece this week, and then theres the nfp.
  • #204,645
  • Mar 2, 2010 4:33am Mar 2, 2010 4:33am
very interesting comments above and would like to see mb14 joining in.
I think we are back to the range trading without any significant news ahead 3664-3440 (or better 3433 )I had a pending order short at 3430 which gladly didnt get triggered and still have it there, just in case we get those news and I miss them. I have no position on anything right now as for my trading style a lot of things are not good. Will wait till it changes all over the board.
take care and green trades
T.Cat
Trade on your own risk Plan your trade&trade your plan dont be a
  • #204,646
  • Mar 2, 2010 4:39am Mar 2, 2010 4:39am
It seems we're gonna be flat for a while. No big news ahead+market calmness= ranging trading. I was really waiting for a lower low, there was almost no difference with previous... hard days to trade, don't like how's market behaving at all, hope US brings some clear direction...I miss the old days with a nice downtrend LOL!!
  • #204,647
  • Mar 2, 2010 4:45am Mar 2, 2010 4:45am
What makes Gold rising ?

I am

Selling Gold

Selling EU

Selling GU

All these look weak

Keep Selling on Rally
  • #204,648
  • Mar 2, 2010 4:48am Mar 2, 2010 4:48am
i smell 4h pinbar, possibly even daily, also those railroads on daily dont go unnoticed often, look at start of this downtrend on daily timeframe, i see greater possibility for retracment, but as few people said, every retracment gets quite quickly beaten by bears
  • #204,649
  • Mar 2, 2010 4:50am Mar 2, 2010 4:50am
LONG 20 contracts 1.4484, took first profit at 1.4518
Moved STOP to BE on remaining 10 contracts, target ~40-44 or BE.
"I made all my money by selling too soon"
  • #204,650
  • Mar 2, 2010 4:51am Mar 2, 2010 4:51am
Quoting BlueGas
i smell 4h pinbar, possibly even daily, also those railroads on daily dont go unnoticed often
I took the 1 hour PB for a nice quick scalp.
"I made all my money by selling too soon"
  • #204,651
  • Mar 2, 2010 4:52am Mar 2, 2010 4:52am
What?

Quoting Bleek
LONG 20 contracts 1.4384, took first profit at 1.4518
Moved STOP to BE on remaining 10 contracts, target ~40-44 or BE.
Its all in the mind.
  • #204,652
  • Mar 2, 2010 4:54am Mar 2, 2010 4:54am
based on current movement, seems like something big will happen during NY session
  • #204,653
  • Mar 2, 2010 4:55am Mar 2, 2010 4:55am
nice dip we just had. looks like 1.3430 seems a strong one, but it was tuched already few times and price always spiked back. next touches can cause a brake.
  • #204,654
  • Mar 2, 2010 4:55am Mar 2, 2010 4:55am
We're currently targeting 23.6 fibo of the move down from 17 o february's high @3517. Also 5M 100 MA that's been acting as resistance today. Let's see what it wants to do...
  • #204,655
  • Mar 2, 2010 4:55am Mar 2, 2010 4:55am
Quoting Bleek
I took the 1 hour PB for a nice quick scalp.
Me too, but just moved stop to +1, went in after strong move down, where it seemed it will break.
  • #204,656
  • Mar 2, 2010 4:57am Mar 2, 2010 4:57am
eyes on

eurusd 3524
usdchf 0817
The best thing that can happen to you is to find out where you're wrong.
  • #204,657
  • Mar 2, 2010 4:57am Mar 2, 2010 4:57am
Quoting learntowin
What makes Gold rising ?

I am

Selling Gold

Selling EU

Selling GU

All these look weak

Keep Selling on Rally
you might be right abour shares in eu and greece, but you are dead wrong about gold.
  • #204,658
  • Mar 2, 2010 4:59am Mar 2, 2010 4:59am
Quoting 5abi
What?
Typo. I meant 4 not 3 but that should be obvious.
"I made all my money by selling too soon"
  • #204,659
  • Mar 2, 2010 4:59am Mar 2, 2010 4:59am
learntowin,

i see u hlodin shorts on gold and so am i from 1118. my tp is 1106 wat do u think how high can it go tonite and will it fall. thanks.

Noman.
  • #204,660
  • Mar 2, 2010 5:05am Mar 2, 2010 5:05am
Go long EU 1.3521, sl-50 pips, tp-50, second lot sl-BE, tp-100. I hope!
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