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EURUSD

  • #236,541
  • May 5, 2010 8:13am May 5, 2010 8:13am
we are going to 1.27 today

just wait for it
  • #236,542
  • May 5, 2010 8:14am May 5, 2010 8:14am
Intervention seems inevitable, but how many USD will they need to sell?
" THE BRAIN IS LIKE A PARACHUTE ... WORKS BEST WHEN OPEN "
  • #236,543
  • May 5, 2010 8:15am May 5, 2010 8:15am
[Dow Jones] EUR has registered a new session low at $1.2830, its lowest level since mid March 2009, as it continues to reel from the blows inflicted by the sovereign debt crisis, most recently Moody's announcement it was putting Portugal on review for a possible downgrade.
  • #236,544
  • May 5, 2010 8:15am May 5, 2010 8:15am
I'm beggining to think this is a bottomless pit...I'm done for the day, stay out watching my friends!
  • #236,545
  • May 5, 2010 8:15am May 5, 2010 8:15am
SB's platforms keep crashing with all this vola, I guess people that were lured in with narrowed spreads are being 'killed' right now if on the wrong side of the market.
Prices oscillate, trends persist. Trend is your friend.
  • #236,546
  • May 5, 2010 8:15am May 5, 2010 8:15am
Some appropriate music for trading to 1.25:

Inserted Video
  • #236,547
  • May 5, 2010 8:15am May 5, 2010 8:15am
this drop is crazyyyy
  • #236,548
  • May 5, 2010 8:15am May 5, 2010 8:15am
wow 530 viewers hahahha hope you all are short
Trade on your own risk Plan your trade&trade your plan dont be a
  • #236,549
  • May 5, 2010 8:15am May 5, 2010 8:15am
Any idea where this may bounce? I have 2792 then 2649. What do you think?
  • #236,550
  • May 5, 2010 8:15am May 5, 2010 8:15am
didn't I tell you 1.2 by july, looks like is may be june not july
malcom, how is euro accumulation ?, lol
  • #236,551
  • May 5, 2010 8:16am May 5, 2010 8:16am
S2 approaching
  • #236,552
  • May 5, 2010 8:16am May 5, 2010 8:16am
Quoting ShowMeThePips
Intervention seems inevitable, but how many USD will they need to sell?
True. It may spike up, that's why I've locked my shorts and keep watching fibre collapsing.
  • #236,553
  • May 5, 2010 8:16am May 5, 2010 8:16am
Anyone who is long euro right please stop fighting it and start winning with us shorters... Dont pick the bottom just go with the flow!
  • #236,554
  • May 5, 2010 8:17am May 5, 2010 8:17am
I'm looking for a *possible* retrace or at least slowing down around 1.2758 which is the 161.8% extension for this latest down wave. But, who knows... it blew right through the 138.2% extension like it wasn't even there so this might not hold at all.

Oh well, I'm shorting gold from 1185 so whatever...
  • #236,555
  • May 5, 2010 8:17am May 5, 2010 8:17am
Quoting Walt
Any idea where this may bounce? I have 2792 then 2649. What do you think?
Why would you care?

I hope you're short...If so, enjoy the trip, coffee & sightseeing
big numbers are our friends...
  • #236,556
  • May 5, 2010 8:18am May 5, 2010 8:18am
I'm out for today, cu tomorrow!!!
  • #236,557
  • May 5, 2010 8:18am May 5, 2010 8:18am
Quoting ShowMeThePips
Intervention seems inevitable, but how many USD will they need to sell?
Historically any intervention is truly successful for long term economic benefits?
  • #236,558
  • May 5, 2010 8:19am May 5, 2010 8:19am
Quoting gatorinla
there are no rules in capitulation.
Still we must be in accordance with the rules of military honor.
  • #236,559
  • May 5, 2010 8:19am May 5, 2010 8:19am
Quoting Walt
Any idea where this may bounce? I have 2792 then 2649. What do you think?
S2 @2798. Monthly support 2 @2778. Really don't think they would be much usefull...
  • #236,560
  • May 5, 2010 8:19am May 5, 2010 8:19am
Quoting Walt
Any idea where this may bounce? I have 2792 then 2649. What do you think?
look at the weekly chart, there is an abc pattern that ended Nov 09, the initial target of the current move is 1.13 (long term, weekly)
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