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EURUSD

  • #230,321
  • Apr 23, 2010 10:28am Apr 23, 2010 10:28am
Quoting AlexC
Could be a buy, depends.
depends on what

i am seeing the same as you
  • #230,322
  • Apr 23, 2010 10:28am Apr 23, 2010 10:28am
Quoting Orbital
Yeah... if this doesnt hit 1.31 next week im quitting forex and becoming a full time cocaine dealer
do it straight away its a recession safe job hahahhahaha.
Trade on your own risk Plan your trade&trade your plan dont be a
  • #230,323
  • Apr 23, 2010 10:31am Apr 23, 2010 10:31am
Quoting kuroro001
Your post is saved....
This is just ridiculous whats going on right now, something just snapped in the market, Daily Monthly and Weekly are still bearish by a far margin.
Retrace was bound to happen what just strikes me as odd is why they would pick friday to announce the news and why merkel and french finance minister had to toy with the market which kind of blew one of my stops and pissed me off majorly.

Im remaining calm right now and looking for short setups although im sure we will see a 60 pip gap to the top come next week before this drops. And im clinging on the 1.31 target because anything else would be ludicrous =/
  • #230,324
  • Apr 23, 2010 10:32am Apr 23, 2010 10:32am
Quoting Orbital
Yeah... if this doesnt hit 1.31 next week im quitting forex and becoming a full time cocaine dealer
....sorry to say..... but it is evident that you are gambling my friend!

When the market does not do what you think it should do, it is a sign you should get out of your positions because you are wrong !! Not the market.
  • #230,325
  • Apr 23, 2010 10:33am Apr 23, 2010 10:33am
Quoting cloudthers
today I blew up 3 free live account...hahahaha
...Its crazy gambling with EU
Yes trading forex is a serious business....but you doesn't seem piqued....10$ per account ? or you are already rich!
COT: The precious data ignored
  • #230,326
  • Apr 23, 2010 10:33am Apr 23, 2010 10:33am
Quoting hutchy
depends on what

i am seeing the same as you

Depends on dollar breaking down below its 61.8% fib.
Kind of moment of truth.
Attached Image (click to enlarge)
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  • #230,327
  • Apr 23, 2010 10:33am Apr 23, 2010 10:33am
Quoting akhtergroup
Good luck on my longs right?


yea as i recall correctly, you were calling for a breach of 3884 ? Youre gonna need a helluva lotta luck for that....
  • #230,328
  • Apr 23, 2010 10:34am Apr 23, 2010 10:34am
Quoting Orbital
Yeah... if this doesnt hit 1.31 next week im quitting forex and becoming a full time cocaine dealer

I bet it would give more profit ))
  • #230,329
  • Apr 23, 2010 10:35am Apr 23, 2010 10:35am
Quoting Platypus
....sorry to say..... but it is evident that you are gambling my friend!

When the market does not do what you think it should do, it is a sign you should get out of your positions because you are wrong !! Not the market.
Actually the market did exactly what i projected it would, but my target was 3265 today and that wasnt breached i closed all shorts except for one where a trailing stop loss got triggered but that was okay because i was way past break even at that point The rise up was the only curious thing to happen today and something major is being setup right now i just cant figure out what right now.

Oh and im Projecting 1.31 and even 1.22 (end of year) for many reasons, most of which you probably realise by yourself:

Such as Greece being bailed out NOT being a good thing
Trouble in Euro's trade balance etc
  • #230,330
  • Apr 23, 2010 10:35am Apr 23, 2010 10:35am
I think PA will move down for the rest of the day. At least I hope it will drop to 1.3320. Anyone agrees?
  • #230,331
  • Apr 23, 2010 10:36am Apr 23, 2010 10:36am
Quoting Orbital
This is just ridiculous whats going on right now, something just snapped in the market, Daily Monthly and Weekly are still bearish by a far margin.
Retrace was bound to happen what just strikes me as odd is why they would pick friday to announce the news and why merkel and french finance minister had to toy with the market which kind of blew one of my stops and pissed me off majorly.

Im remaining calm right now and looking for short setups although im sure we will see a 60 pip gap to the top come next week before this drops. And im clinging on...
I agree with you on the fact that the market is a complete non-sense....it's the same story every week .... and every friday there is a solution for Greece
Even though i can see 1.3030 on my chart i can't tell when , i can't tell because of what, i can't tell if it will be before or after 1.3600++

Let's wait & see & trade charts
COT: The precious data ignored
  • #230,332
  • Apr 23, 2010 10:37am Apr 23, 2010 10:37am
Why am I always on wrong side?
Yesterday I was long hoping for EU to get back to 1.33, and then today I went short at 1.33....suffering again
  • #230,333
  • Apr 23, 2010 10:38am Apr 23, 2010 10:38am
Europe is closed....no more fun, no more trade, enjoy the week end girls & guys
COT: The precious data ignored
  • #230,334
  • Apr 23, 2010 10:39am Apr 23, 2010 10:39am
[quote=Orbital;3666627]
Quote
Yeah... if this doesnt hit 1.31 next week im quitting forex and becoming a full time cocaine dealer


Quote
Actually the market did exactly what i projected it would..........


.......make up your mind kid.....
  • #230,335
  • Apr 23, 2010 10:40am Apr 23, 2010 10:40am
Well, there is partial short covering and ofc some new longs, hard to estimate how up it goes, but should get pretty heavy around 1.3400 - 1.3450 and probable turning point in that zone.

I dont have problem to open sell trades there looking at 4hr RSI and Stoch, but it will happen after weekend.

Over and out.
They think they are smarter than I am.
  • #230,336
  • Apr 23, 2010 10:40am Apr 23, 2010 10:40am
Quoting Orbital
This is just ridiculous whats going on right now, something just snapped in the market, Daily Monthly and Weekly are still bearish by a far margin.
Retrace was bound to happen what just strikes me as odd is why they would pick friday to announce the news and why merkel and french finance minister had to toy with the market which kind of blew one of my stops and pissed me off majorly.

Im remaining calm right now and looking for short setups although im sure we will see a 60 pip gap to the top come next week before this drops....

Never accuse the market, something you cannot control. Focus on what you can control, yourself. I took a loss too, my very own fault as I know very well how fridays can be.
  • #230,337
  • Apr 23, 2010 10:41am Apr 23, 2010 10:41am
Quoting PipMaxzz
Why am I always on wrong side?
Yesterday I was long hoping for EU to get back to 1.33, and then today I went short at 1.33....suffering again
it happened to me systematically. it still does. you just have to adjust your money management and have different entry points... if you are short short from different levels not only one... same with long
Andreyou
  • #230,338
  • Apr 23, 2010 10:42am Apr 23, 2010 10:42am
Excellent recovery....

Nice job to the longs that jumped on in the lower 1.32 area

Was nice and gave back some on EUR/JPY as we touched 125.99 lol when i realized that the stop was placed at the dreaded "99" level I knew for a fact it'd be targeted but anyways...

Sellers beware... the sellers appear more zealous than existing longs at this point. That is always cause for concern.


Remember that EUR/AUD idea...
  • #230,339
  • Apr 23, 2010 10:42am Apr 23, 2010 10:42am
Quoting PipMaxzz
Why am I always on wrong side?
Yesterday I was long hoping for EU to get back to 1.33, and then today I went short at 1.33....suffering again
Don't hope..... but you can pray!
Remember, you gotta draw your trendlines and you have 10% in your favor when you go with the trend.
  • #230,340
  • Apr 23, 2010 10:43am Apr 23, 2010 10:43am
Quoting Cotton-I-Jo
& I'll add @ 3396 if it goes higher....



Just changed it to 3373 that is 78.6 % of 420 - 201 trend.


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