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  • #217,181
  • Mar 28, 2010 4:38pm Mar 28, 2010 4:38pm
Quoting ubaidahsan
anyone shorting it now?

Ub

why ??? we have had 7 up candles on a 4 hour ... do you really want to sell just beacuse

better to wait for one down candle at least
Blogging daily now at www.volume.zone
  • #217,182
  • Mar 28, 2010 4:40pm Mar 28, 2010 4:40pm
Quoting investor_me
I widened my SL for my shorts to above 1.3510. Hoping the gap would close as it usually does. Maybe it would take a while longer. I'm still thinking that the 1.3500 level is too strong for the Asian market. Let's see it go down tonight. If it breaches 1.3500 convincingly in the Asian session, I may reconsider.
it depends to your broker if u have a gap or not. FXpro has a gap saxo and fxcm no gap. Good luck anyways.
Trade on your own risk Plan your trade&trade your plan dont be a
  • #217,183
  • Mar 28, 2010 4:41pm Mar 28, 2010 4:41pm
Quoting Trading Cat
there is no fun in trading just reality!
Intraday is for you boys, for me it's just fun
Prices oscillate, trends persist. Trend is your friend.
  • #217,184
  • Mar 28, 2010 4:41pm Mar 28, 2010 4:41pm
1.34866. Just for shyts & giggles.
Si vis pacem, para bellum.
  • #217,185
  • Mar 28, 2010 4:41pm Mar 28, 2010 4:41pm
Quoting jsspmk
To read or not to read is a personal thing, although I would rather look out for price reaction to key data events plus resolutions like last Friday than at price vs volume.

I ask if bull Euro is back, then why such a puny reaction? Surely we should be up in a big way. The problem may rest in fundamentals like suggested in that article, the problem is uncertainty about Euro's future existance. Technically it can also be argued that traders are not keen to close shorts or start squeezing shorts, hence no spike from the lows.
I agree , however if you open your mind to volume and my weekly / monthly charts.

I think pros have been accumulating euro for weeks now on this 'bad news'.

Using the same argument you used .. why has eu only moved 600 pip in 2 months when euro is collapsing etc etc ? why has it not moved 4000 pip ?

Maybe we sit in this 1.3450 to 1.3800 for another 2 months till something else kicks off in the eurozone. And maybe that little drop of 200 pip under 1.3450 last week was just a ' blip ' out of range conditions.

For now 4 hour says up , Fridays high was 1.3425 , I just had limit hit 1.3453 with 40 pip stop , so will see what happens next

Key level r are 1.3550 / 1.3700 those could be potential sell zones.
Blogging daily now at www.volume.zone
  • #217,186
  • Mar 28, 2010 4:42pm Mar 28, 2010 4:42pm
Quoting malcolmb14
why ??? we have had 7 up candles on a 4 hour ... do you really want to sell just beacuse

better to wait for one down candle at least
#217188
you could always go short or long and one should always look at both sides.
Trade on your own risk Plan your trade&trade your plan dont be a
  • #217,187
  • Mar 28, 2010 4:50pm Mar 28, 2010 4:50pm
Above 1.35 and the PIG is turning back into a prince (well, at least until 1.38 when the Big Dudes will find an excuse to pull the rug again...)
  • #217,188
  • Mar 28, 2010 4:55pm Mar 28, 2010 4:55pm
Quoting Trading Cat
it depends to your broker if u have a gap or not. FXpro has a gap saxo and fxcm no gap. Good luck anyways.

has a gap on my micro and standard accounts
All that is left in FF is just plain garbage. "Cloggie"
  • #217,189
  • Mar 28, 2010 4:57pm Mar 28, 2010 4:57pm
really nice to see this GAP market opens in a few minutes. eurusd is @ 1.3482
count....
Regards
  • #217,190
  • Mar 28, 2010 4:58pm Mar 28, 2010 4:58pm
[quote=gatorinla;3590968]
Quoting gatorinla
collecting shorts at 3408 3447/48 3488.[/quote]
watch pa here..
3488 was a target plus slip #. we usaully bounce lower after. is was the second bull target in a sequence after hitting a bigger bear sequence from the fall from 1.6. green lines on last weekends chart. depending on strength of bounce we will see if this bull has balls. back to 3447 is not unexpected. make no mistake this is still in bears territory. but a punt could be a good pump and dump till friday when the rubber band pops back. cash on the sideline is a position.. 3488 will be a soft s/r and will harden st as time goes on..
those who can, do. those who cant, talk about those who can
  • #217,191
  • Mar 28, 2010 4:59pm Mar 28, 2010 4:59pm
Quoting malcolmb14
I agree , however if you open your mind to volume and my weekly / monthly charts.

I think pros have been accumulating euro for weeks now on this 'bad news'.

Using the same argument you used .. why has eu only moved 600 pip in 2 months when euro is collapsing etc etc ? why has it not moved 4000 pip ?

Maybe we sit in this 1.3450 to 1.3800 for another 2 months till something else kicks off in the eurozone. And maybe that little drop of 200 pip under 1.3450 last week was just a ' blip ' out of range conditions.

For now 4 hour says up , Fridays...
Looking at daily there is a clear and convincing pattern. Down then consolidation, then down then consolidation. in addition, the consolidation are actually rising wedges, which signifies continued bear movement.
All that is left in FF is just plain garbage. "Cloggie"
  • #217,192
  • Mar 28, 2010 5:01pm Mar 28, 2010 5:01pm
Quoting Duce
1.34866. Just for shyts & giggles.
A quick 15 pips. Now that was funny.
Si vis pacem, para bellum.
  • #217,193
  • Mar 28, 2010 5:02pm Mar 28, 2010 5:02pm
Quoting Duce
A quick 15 pips. Now that was funny.
I'm waiting till tomorrow!
All that is left in FF is just plain garbage. "Cloggie"
  • #217,194
  • Mar 28, 2010 5:04pm Mar 28, 2010 5:04pm
[quote=gatorinla;3591016]
Quoting gatorinla
3488 was a target plus slip #. we usaully bounce lower after. is was the second bull target in a sequence after hitting a bigger bear sequence from the fall from 1.6. green lines on last weekends chart. depending on strength of bounce we will see if this bull has balls. back to 3447 is not unexpected. make no mistake this is still in bears territory. but a punt could be a good pump and dump till friday when the rubber band pops back. cash on the sideline is a position.. 3488 will be a soft s/r and will harden st as time...
thx man, hope u had a good weekend bro
  • #217,195
  • Mar 28, 2010 5:04pm Mar 28, 2010 5:04pm
bears dont get suckered in here.. you need below 3447.(with closes).. this is just a bounce imho.. unless we get a bear st target.. im checking.. but we have 2 completed bull sequence targets hit.(this is st bullish pa) . so its st for the bulls atm.. untill things change.

if bulls want a better price wait for 3447 + spread... with tight a sl.. if you bought around 88 its squeese time
those who can, do. those who cant, talk about those who can
  • #217,196
  • Edited 5:29pm Mar 28, 2010 5:04pm | Edited 5:29pm
On Dukascopy the high is 3490. Only thing that concerns me is that Xe shows a high of 3499 today. Not sure what I should read out of that as market often goes in the direction of the gap, after gap close.
  • #217,197
  • Mar 28, 2010 5:04pm Mar 28, 2010 5:04pm
Quoting tonyo524
I'm waiting till tomorrow!
I'm a regular UC trader, but I pop in here from time to time for some scalping. March has been a blast. I wish you success.
Si vis pacem, para bellum.
  • #217,198
  • Mar 28, 2010 5:05pm Mar 28, 2010 5:05pm
Quoting gatorinla
bears dont get suckered in here.. you need below 3447.(with closes).. this is just a bounce imho.. unless we get a bear st target.. im checking.. but we have 2 completed bull sequence targets hit.. so its st for the bulls atm.. untill things change.
Roger that.
Si vis pacem, para bellum.
  • #217,199
  • Mar 28, 2010 5:07pm Mar 28, 2010 5:07pm
[quote=enterfx;3591034]
Quoting gatorinla


On Dukascopy the high is 3490. Only thing that concerns me is that Xe shows a high of 3499 today. Not sure what I should read out of that as market often goes in the direction of the gap, after gap close.
and higher at 4:30 pm est today on FXCM.
All that is left in FF is just plain garbage. "Cloggie"
  • #217,200
  • Mar 28, 2010 5:11pm Mar 28, 2010 5:11pm
The leaders of the euro zone Reached to an agreement in Brussels last night to rescue Athens including assistance from the IMF and bilateral loans from the members of the European zone. According to the agreement, Greece will get loans coordinated partners in the European Union as well as assistance from the International Monetary Fund "in the event of serious difficulties. " Herman van Rumbai - European Council President has hoped that the agreement sends a signal to creditors to confirm that the euro zone will never give up on Greece and that in case of any danger; the other Member States will take similar steps. He also added that the assistance will be through the mechanism of the EU and the International Monetary Fund.

European Central Bank President Jean-Claude Trichet, who had opposed the use of the Fund, noted he was satisfied with the agreement said he would maintain the responsibilities that must be borne by European governments. Aiding Greece would be conditional on estimates conducted by the European Central Bank and the European Commission, To make sure that the European Union controls the terms of the bailout plan, The decision would collectively to the euro zone to lend Greece.

The decision has decreased the U.S. dollar today after the optimism of the of European leaders decision to a joint agreement to bailout Greece. The euro rebounded on Friday from its lowest level in ten months against the dollar after the announcement of the agreement and Rose 0.3% against the dollar. On the other hand the dollar index, which measures the value of the greenback against a basket of six major currencies, has rebounded slightly from the highest level in ten months at 82.240 points, after rising sharply in the past few days. The U.S. economy is still showing positive signals and that is supporting the dollar these days and not just the jittery sentiment. The final GDP reading for the past quarter is expected unrevised today at 5.9%. While Michigan confidence which is expected with a slight upside revision is still down from February which might slightly affect the market.
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