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  • #238,461
  • May 7, 2010 5:41am May 7, 2010 5:41am
Quoting Trading Cat
that is a nice idea also goes in line with R1 and fibo 76% might join u a little before 2814

88.6 % Ofcourse !

  • #238,462
  • May 7, 2010 5:42am May 7, 2010 5:42am
1.2750 crushed....now i'll wait a pullback towards it...
But it'll depend on this 30mn-1h candle
COT: The precious data ignored
  • #238,463
  • May 7, 2010 5:48am May 7, 2010 5:48am
I'll expect another try on 1.28 then short it if it holds.
They think they are smarter than I am.
  • #238,464
  • May 7, 2010 5:50am May 7, 2010 5:50am
Quoting ratman
well I have a sell limit at 837, thats first fobo level from whole downmovement
hmm I just adjusted my fibo now what I said before is not valid any more. R1 is still the same so the trade is still ok, looking at the wohle move I have a 50% at 2860 that is from the 4/05/2010 to yest.low.
Trade on your own risk Plan your trade&trade your plan dont be a
  • #238,465
  • May 7, 2010 5:50am May 7, 2010 5:50am
Quoting Orbital
Market is a complete mess since that Dow story yesterday, i dont know what exactly is going on right now but that Bullish move during asia seemed artificial and not a natural ebb and flow.

Im waiting for it to hit 2775 on my 50% median line and will wait for a reverse play down, ive been expecting this to happen although i ruled it out yesterday when it hit new lows, so ill be watching this closely especially with the nfp report coming out today in a few hours.

Did you get a chance of reading my PM btw?
Short since the bounce of my median line will post chart in a bit
  • #238,466
  • May 7, 2010 5:53am May 7, 2010 5:53am
ECB: Unsubstantiated market rumour that ECB is going to up swap lines
with other central banks by close of play today.

Provided by: Market News International
Trade on your own risk Plan your trade&trade your plan dont be a
  • #238,467
  • May 7, 2010 5:54am May 7, 2010 5:54am
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting RichLadyFX
Oooops, after NFP.
Any disappointment in NFP numbers might be the trigger for a dollar sell-off and a short squeeze as to speak.
Being right is one, taking it from the table is two.
  • #238,468
  • May 7, 2010 5:54am May 7, 2010 5:54am
Quoting alex.fx
http://4gifs.com/gallery/d/150857-1/..._stairfall.gif
That guy is a pimp, my hero for the day . Hope I come away strutting like that over the next week.
  • #238,469
  • May 7, 2010 5:57am May 7, 2010 5:57am
Quoting Mr J
That guy is a pimp, my hero for the day . Hope I come away strutting like that over the next week.
MrJ,, I am laughing my ass off because you said this guy is a PIMP....
  • #238,470
  • May 7, 2010 5:57am May 7, 2010 5:57am
Quoting Trading Cat
hmm I just adjusted my fibo now what I said before is not valid any more. R1 is still the same so the trade is still ok, looking at the wohle move I have a 50% at 2860 that is from the 4/05/2010 to yest.low.

2940 is the 50 % of 3360 - 2519 downtrend

2840 is the 38.2 % of it

3039 is also 61.8 % of that DownTrend !


Wanna know more....!?


  • #238,471
  • May 7, 2010 5:58am May 7, 2010 5:58am
Ah yeah i forgot....everyday is a short day but friday is an up day...pfff
no wonder why it's going up
COT: The precious data ignored
  • #238,472
  • May 7, 2010 5:58am May 7, 2010 5:58am
For me fibo says

23.6% broken at 1.2717

38.2% waiting at 1.2840

that is from the high of gap from Sunday to yesterdays low
  • #238,473
  • May 7, 2010 5:58am May 7, 2010 5:58am
Bulls - u better get some sleep so u can close your trade before NY close.
  • #238,474
  • May 7, 2010 5:58am May 7, 2010 5:58am
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
From my news stream.

Quote
1032 GMT [Dow Jones] Sterling needs all the help it can get Friday and rating agency Moody's has given it some. Moody's says the UK election outcome is no direct threat to the UK's AAA rating, the differences between the 3 parties fiscal plans are rather minor and the absence of a one party majority need not weaken the UK's ability to stabilize its debt. GBP/USD adds some 30 ticks on the headlines and is now 2 cents off the day's one year low of 1.4477 while EUR/GBP is one penny weaker at 0.8707

No contagion from Europe to UK -> Hint.
Being right is one, taking it from the table is two.
  • #238,475
  • May 7, 2010 6:00am May 7, 2010 6:00am
Moved stop loss to Breakeven for now... playing a dangerous game right now which i dont like playing..
  • #238,476
  • May 7, 2010 6:01am May 7, 2010 6:01am
Quoting Orbital
Moved stop loss to Breakeven for now... playing a dangerous game right now which i dont like playing..
ha. welcome to forex.
  • #238,477
  • May 7, 2010 6:02am May 7, 2010 6:02am
Quoting Orbital
Moved stop loss to Breakeven for now... playing a dangerous game right now which i dont like playing..
how can that be I thought you are short from2775? or did I get ur post wrong before??
Trade on your own risk Plan your trade&trade your plan dont be a
  • #238,478
  • May 7, 2010 6:03am May 7, 2010 6:03am
I think today is the day that will tell us if this break weekly trend line is false or not!!
  • #238,479
  • May 7, 2010 6:03am May 7, 2010 6:03am
I bet everybody shorting now, spending yesterday free pips..

Check USDx first this baby Should drop like a rock from up there.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #238,480
  • May 7, 2010 6:04am May 7, 2010 6:04am
1 hour trend
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