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  • #235,661
  • May 4, 2010 10:08am May 4, 2010 10:08am
Quoting bguguen
I sort of told everyone that 1.30xx is gona happen, it aint armageddon so dont worry...
just dont get caught LONGING...
If you're short close to current PA...don't let it come back on you!
  • #235,662
  • May 4, 2010 10:09am May 4, 2010 10:09am
Quoting JackintheBox
how i hate these fundamental traders... the problem is they dont care if they sell right now in complete oversold market.

@cat : Any news about volume, sellers ? It's really annoying.

Jack
sorry I am confused do I have any news about volume and sellers? or is news in general annoying? Should it be the later no problem I just post what comes over my ticker and so far no one complained, but of cos if you guys here dont want it I stop.
TCat
Trade on your own risk Plan your trade&trade your plan dont be a
  • #235,663
  • May 4, 2010 10:09am May 4, 2010 10:09am
Just for info:

Eur/Usd right now loosing 300 pips to friday. Complete freaky.

I guess someones paying for it.

Funny thing: we go more and more to 1.20. And one day, Euro will consolidate (good for my trading style).

Jack
  • #235,664
  • May 4, 2010 10:11am May 4, 2010 10:11am
Quoting PriceVolume
If you're short close to current PA...don't let it come back on you!
well i took over 200 pip profit over the week already and im out.. but i would be surprised to see it reach this area 1.28xx... im also expecting a rebound to happen...

but this down is just Strong... MACD in 1H tf suggests ANOTHER leg of down to come... so becareful... dont get caught longing...

For this week i think its just better to Stick to SHORT only strategy... until you see a back fire...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #235,665
  • May 4, 2010 10:11am May 4, 2010 10:11am
Quoting gatorinla
same here already short.. but i will if we hit 3108 area i short again.. this could be 2008 type capitulation.. (free fall) confidence is gone..

i'm glad i got some good sleep these last few weeks..should be fun to watch again S1 today is 3117, this will probably end up somewhere around tomorrow dpp too so 3108 could be nice spot
  • #235,666
  • May 4, 2010 10:11am May 4, 2010 10:11am
Crude Oil looks like double top on daily. If it breaks 81, it might go down in 70-75 range.
Wookey
  • #235,667
  • May 4, 2010 10:12am May 4, 2010 10:12am
Quoting gatorinla
same here already short.. but i will if we hit 3108 area i short again.. this could be 2008 type capitulation.. (free fall) confidence is gone..
Lack of any buying interest all day points to one thing, it will just likely drift until some intervention ends all the short traders running for cover. I'm in -ve.
  • #235,668
  • May 4, 2010 10:12am May 4, 2010 10:12am
Quoting gatorinla
well the cliff is just beyond ..........but 3042/52 will catch eu unless we capitulate .. i doubt u.s fed dont step in to slow fall. cliff on eu may be less then 3114.. its gonna coordinate with the others. we could just bounce.. and go north... but i think we break this eventually..copper and aluminum have been dropping plus china double dip ect.
sticking to the plan
those who can, do. those who cant, talk about those who can
  • #235,669
  • May 4, 2010 10:12am May 4, 2010 10:12am
Quoting Pipstitcher
EUR going down just a lil more to 3074 then back up too 3378.

Good entry for long will be just prior to pending home sales.

Difficult to open long now considering ,but the charts barely lie
yeah..I liked this post guy just nows exactly what's gonna happen.
  • #235,670
  • May 4, 2010 10:12am May 4, 2010 10:12am
Quoting Carnegie
Anybody looking at GBP/CHF 1hr? What's your opinion?
Stay out! Look like a lot of indecision. Don't risk the equity. No way to tell if price action will continue on the upside or has exhausted itself and running for the bears. Stay out, and wait for the continuation upwards trend to continue (price looks good to go another 50 pip assuming upwards trend continues) or wait for downwards trend to present itself (which is also good to go 50 pips.) So either way you look at it, 50 pips in both directions.
  • #235,671
  • May 4, 2010 10:12am May 4, 2010 10:12am
I just don't get it.

Take a look at H1 chart. This is a free fall. I just don't see no, but really no reason why would anyone even think about guessing where it's gonna stop.

I mean, when it stops, it'll show some signs. Till now - none. So, why forcing it? Just go with the flow.
Attached Image (click to enlarge)
Click to Enlarge Name: 2010_05_04_eurusd_h1.gif Size: 27 KB
big numbers are our friends...
  • #235,672
  • May 4, 2010 10:14am May 4, 2010 10:14am
Quoting JackintheBox
Just for info:

Eur/Usd right now loosing 300 pips to friday. Complete freaky.

I guess someones paying for it.

Funny thing: we go more and more to 1.20. And one day, Euro will consolidate (good for my trading style).

Jack
Its the whole greek bailout situation.. EuroZone is still in debt as a whole... settling Greece Debt with another Debt is just what idiots do with their credit cards... not ideal at all...

i just dont see why the Hype for Longing when Greece is Bailed out...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #235,673
  • May 4, 2010 10:14am May 4, 2010 10:14am
Quoting gatorinla
same here already short.. but i will if we hit 3108 area i short again.. this could be 2008 type capitulation.. (free fall) confidence is gone..
Just to add fuel to fire...there's option barriers i'm sure that were defended at 3100 especially.
  • #235,674
  • May 4, 2010 10:14am May 4, 2010 10:14am
Quoting SkyzerFX
Check back in 2-3 days..

Panic on the Wall Street: Sell, Sell, Sell...

I need to fill my USDCHF short at 1.1012

DOW - 237

scored 22 points es (220 pip) and am done for day

fx so boring lol

gj maybe setting up for another 200 pip drop into 141.40 next 24 hours
Blogging daily now at www.volume.zone
  • #235,675
  • May 4, 2010 10:14am May 4, 2010 10:14am
ok i will ask again dose any one think this thing will gonna stop falling ?
  • #235,676
  • May 4, 2010 10:15am May 4, 2010 10:15am
Quoting deeZG
I just don't get it.

Take a look at H1 chart. This is a free fall. I just don't see no, but really no reason why would anyone even think about guessing where it's gonna stop.

I mean, when it stops, it'll show some signs. Till now - none. So, why forcing it? Just go with the flow.
whose guessing?
  • #235,677
  • May 4, 2010 10:15am May 4, 2010 10:15am
Today I have made 2310 pips or $2,763 on the EUR/USD
  • #235,678
  • May 4, 2010 10:15am May 4, 2010 10:15am
@cat: It's annoying that the (fundamental) seller(s) are still in the market !
Not your posts, they are great, thanks !!
With Volume/sellers/options i meant your ticker, thanks for that.
would be fine if you could post any news on Eur/usd.

Jack
  • #235,679
  • May 4, 2010 10:16am May 4, 2010 10:16am
Quoting malcolmb14
scored 22 points es (220 pip) and am done for day

fx so boring lol

gj maybe setting up for another 200 pip drop into 141.40 next 24 hours
Nice man! great day
  • #235,680
  • May 4, 2010 10:16am May 4, 2010 10:16am
Quoting JackintheBox
how i hate these fundamental traders... the problem is they dont care if they sell right now in complete oversold market.

@cat : Any news about volume, sellers ? It's really annoying.

Jack
It is not a question of fundamentals or technicals at times such as this. It is all a question of momentum to drive through an extremely pivotal level that may be touched only once all year...in this case 1.3000. Momentum can be better explained as overall trader psychology and the sentiment they hold towards that level. Considering 1.3000 has been within grasp since March....most traders(institutionals, hedge funds, etc) have decided...it is time. No indicators no fundies no nothing to stop this move that has been in the making since March..it is simply time.

Still..these levels are to be avoided by all in my opinion due to volatility and unpredictability (like you said no technicals involved)....those who were trading today should have made their profit already (I personally did it in Eur/Jpy since every sell off from the EDIT 125.xx area (oops) has been quite profitable for weeks).
Different opinions highly valued, ignorant to slander.
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