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  • #239,321
  • May 9, 2010 11:06pm May 9, 2010 11:06pm
Quoting fxswing
Shorting Eurusd: 1.2965
Target1: 1.2721
Stop: Above 1.2996
Nice call..since we already overbought & i think we should fill the gaps.
  • #239,322
  • May 9, 2010 11:07pm May 9, 2010 11:07pm
FEDERAL RESERVE OPENS CREDIT LINE TO EUROPE

WASHINGTON – The Federal Reserve late Sunday opened a program to ship U.S. dollars to Europe in a move to head off a broader financial crisis on the continent.
Other central banks, including the Bank of Canada, the Bank of England, the European Central Bank, the Swiss National Bank and the Bank of Japan also are involved in the dollar swap effort.
The move comes after the European Union and International Monetary Fund pledged a nearly $1 trillion defense package for the embattled euro, hoping to calm jittery markets and halt attacks on the eurozone's weakest members. The ECB also jumped into the bond market Sunday night, saying it is ready to buy eurozone bonds to shore up liquidity in "dysfunctional" markets......


Full article here: http://news.yahoo.com/s/ap/20100510/...ial_crisis_fed
  • #239,323
  • May 9, 2010 11:10pm May 9, 2010 11:10pm
Quoting fxswing
You don't need to be brave when you have a methodology, you just execute the plans.
You win some, you lose some, and in the end you know that you will end up positive.
Being brave, refers to the fear of doing something and doing it regardless of the emotions.
Emotions should be banned from trading, when emotions starts to kick in I close all my positions and stop trading, because I know then, that I'm doing something wrong...
Good

but what the methodology that let you short up leg in intraday up trend?!

Isn't it the same methodology that let you bet on on roulette ball?! may be win may be loss, no ratio here? or I miss something? ...
  • #239,324
  • Edited 11:44pm May 9, 2010 11:10pm | Edited 11:44pm
500b, well now instead of Greece going bankrupt, the whole EZ will go bankrupt.
and Merkel coalition lost due to her generosity, going to 1.2350 when this dust settles.
Adding to shorts
  • #239,325
  • May 9, 2010 11:10pm May 9, 2010 11:10pm
Quoting mmccormac
FEDERAL RESERVE OPENS CREDIT LINE TO EUROPE ...
yep..open markets closed. deals in the middle of the night.. bend over time..
those who can, do. those who cant, talk about those who can
  • #239,326
  • May 9, 2010 11:13pm May 9, 2010 11:13pm
Quoting Protogenos
The only thing keeping China growing is the US. Plus China is facing some tough financial problems of its own soon. Corruption, pollution, desertification...not to mention out of 1.3 billion, 1.1 billion are still living in 3rd world conditions.
but of course, with US servicng so much debt on chinese currency...

Quote
not if consumers stays away from wall mart. but then again, we could finance our own debt if we quite giving it to china.


its as good as saying...just write it off baby!
good 'ol fat fingers & american accounting
some one should call e margins on em
  • #239,327
  • May 9, 2010 11:16pm May 9, 2010 11:16pm
Morning to all . then 1.29 was a true price last night . I see it up 1.2968 , nearest to 73 as the great demandline & so blindly shorting & pending also at above,hope it will work.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #239,328
  • May 9, 2010 11:17pm May 9, 2010 11:17pm
Quoting fxswing
You don't need to be brave when you have a methodology, you just execute the plans.
You win some, you lose some, and in the end you know that you will end up positive.
Being brave, refers to the fear of doing something and doing it regardless of the emotions.
Emotions should be banned from trading, when emotions starts to kick in I close all my positions and stop trading, because I know then, that I'm doing something wrong...
i don't have a bad thing to say. #238315 .. chf is not helping euro. am just waiting for the bliss to end. its not often i am more conservative they you *L*
those who can, do. those who cant, talk about those who can
  • #239,329
  • May 9, 2010 11:21pm May 9, 2010 11:21pm
Quoting TheLastCoke
I'll short it to the touch. #605
im shorting in the same area...like it


http://www.forexfactory.com/showthre...31#post3710631
  • #239,330
  • May 9, 2010 11:21pm May 9, 2010 11:21pm
Quoting benssol
Good

but what the methodology that let you short up leg in intraday up trend?!

Isn't it the same methodology that let you bet on on roulette ball?! may be win may be loss, no ratio here? or I miss something? ...
In a downtrend you short the rallies/resistance zones, what's so hard to understand ?
I would agree with you if we were in an uptrend, but that's not the case...
In a downtrend one is supposed to only short the rallies.
In an uptrend one is supposed to only buy the dips.
When the trend change, you take a loss.
That's simple, but not always easy to do.

My setup is based on 4H charts, so it's not a daytrade, and I'm expecting to hold this one for at least 2-3 days unless I'm stopped during this session.

But I can understand that people could feel uneasy shorting here, with all the media spinning machine working full force.

Last point, I have a stop point for the trade and a prepared plan, so the risk is controlled. There's no problems at all, at least for me...
Getting it right is NOT as important as not getting it wrong.
  • #239,331
  • May 9, 2010 11:26pm May 9, 2010 11:26pm
Quoting fxswing
In a downtrend you short the rallies/resistance zones, what's so hard to understand ?
I would agree with you if we were in an uptrend, but that's not the case...
In a downtrend one is supposed to only short the rallies.
In an uptrend one is supposed to only buy the dips.
When the trend change, you take a loss.
That's simple, but not always easy to do.

My setup is based on 4H charts, so it's not a daytrade, and I'm expecting to hold this one for at least 2-3 days unless I'm stopped during this session.

But I can understand that people could feel...
but in technical analysis, does that qualify as a breakaway gap?
im keen to see what the londonites are thinking right now.

its funny to be talking TA when you see that the CBs are pumping hot money into the markets...of course printing and shoving it all up my....uhm
  • #239,332
  • May 9, 2010 11:28pm May 9, 2010 11:28pm
Quoting fxswing
In a downtrend you short the rallies/resistance zones, what's so hard to understand ?
I would agree with you if we were in an uptrend, but that's not the case...
In a downtrend one is supposed to only short the rallies.
In an uptrend one is supposed to only buy the dips.
When the trend change, you take a loss.
That's simple, but not always easy to do.

My setup is based on 4H charts, so it's not a daytrade, and I'm expecting to hold this one for at least 2-3 days unless I'm stopped during this session.

But I can...
tell me that, now I understand what I missed

i thought u and the other guy who short at 52 are daytrading ..

  • #239,333
  • May 9, 2010 11:29pm May 9, 2010 11:29pm
Quoting gatorinla
yep..open markets closed. deals in the middle of the night.. bend over time..
Big boys play at night , it reached to the goal at last.he who have the heart will win .why so jumping here & there then , cool down & take the prescribed.

Perhaps enough to ease restlessness of the market . Easy shorts then & normal pa.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #239,334
  • May 9, 2010 11:32pm May 9, 2010 11:32pm
I cant help it. every time i look at eu chart it looks like a hanging tower w/o any foundation and soon will collapse.
  • #239,335
  • May 9, 2010 11:33pm May 9, 2010 11:33pm
Quoting benssol
tell me that, now I understand what I missed

i thought u and the other guy who short at 52 are daytrading ..

buddy, trades go wrong quietly, but ego can be louder than a hailer. not many survive this market but thats what keeps people like you trading to this day.

waiting for london!
  • #239,336
  • May 9, 2010 11:34pm May 9, 2010 11:34pm
Quoting jest1081
but in technical analysis, does that qualify as a breakaway gap?
im keen to see what the londonites are thinking right now.

its funny to be talking TA when you see that the CBs are pumping hot money into the markets...of course printing and shoving it all up my....uhm
This could be a breakaway gap, only time will tell...Perhaps London will push hard, who knows.
When you face an opportunity you can't wait for the opportunity to be confirmed, because by then it has vanished. You have to accept the risk to be wrong and take a potential loss. That's the nature of the game imho.
Getting it right is NOT as important as not getting it wrong.
  • #239,337
  • May 9, 2010 11:36pm May 9, 2010 11:36pm
Quoting fxswing
This could be a breakaway gap, only time will tell...Perhaps London will push hard, who knows.
When you face an opportunity you can't wait for the opportunity to be confirmed, because by then it has vanished. You have to accept the risk to be wrong and take a potential loss. That's the nature of the game imho.

just know who you counterparty is

ps: not every trade has to be technically driven. cheers my friend
  • #239,338
  • May 9, 2010 11:36pm May 9, 2010 11:36pm
Hello everyone.
  • #239,339
  • May 9, 2010 11:37pm May 9, 2010 11:37pm
Quoting benssol
tell me that, now I understand what I missed

i thought u and the other guy who short at 52 are daytrading ..


if ur talking about me...I am daytrading and I was stopped out for -35 on that short earlier.sry i didn't post, i went to hit golf balls
  • #239,340
  • May 9, 2010 11:43pm May 9, 2010 11:43pm
Quoting jest1081
buddy, trades go wrong quietly, but ego can be louder than a hailer. not many survive this market but thats what keeps people like you trading to this day.

waiting for london!
Jest please dont ....

I'm a shy guy


and about the humble people around here, you're always the best

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