Long @ 13055 SL 13017 TP 13179
- #239,463
- May 10, 2010 2:32am May 10, 2010 2:32am
no wonder that very few people makes it in this business.... speculations,games, intervention... all these big words... the truth is i have buy order weeks ago at 1.25 area. just concentrating on supply and demand.. please switch to the monthly chart and you will see it.whoever not getting it, sorry to say it but should not touch this market..period..it may sounds harsh but over my trading years i have seen too many people lost everything.
- #239,465
- May 10, 2010 2:41am May 10, 2010 2:41am
- Joined Feb 2006 | Status: Spartan Attitude | 1,500 Posts
In Charts We Trust!
- #239,467
- May 10, 2010 2:46am May 10, 2010 2:46am
- Joined Aug 2009 | Status: Sir Richard Culus | 3,099 Posts
Funny how people come out of their holes once they make their profits, not before...
Never ceases to amaze me.
You'll be hearing from lots of people who have been stuck in longs for weeks today! The M30 was a nice setup earlier.....still just scalping though....
- #239,468
- May 10, 2010 2:49am May 10, 2010 2:49am
- Joined Oct 2008 | Status: Sentiment and Global Macro | 2,321 Posts
- #239,471
- May 10, 2010 2:53am May 10, 2010 2:53am
- | Commercial User | Joined Mar 2008 | 9,089 Posts | Online Now
- #239,472
- May 10, 2010 2:57am May 10, 2010 2:57am
no not u man, I was referring to Bear I think
a shot in the 12th hole for me
Yes I trade on the short term. And last night I made my target. Got my 30 pips on that trade.
But the EU is higher now...one has to be careful of these shorts today. Especially with all the news running about.
BP
- #239,474
- May 10, 2010 3:05am May 10, 2010 3:05am
- Joined Oct 2008 | Status: Trader | 3,473 Posts
Trade on your own risk
Plan your trade&trade your plan dont be a 
- #239,477
- May 10, 2010 3:13am May 10, 2010 3:13am
- Joined Oct 2008 | Status: Trader | 3,473 Posts
TP reached, +39 pips.
Trade on your own risk
Plan your trade&trade your plan dont be a
- #239,479
- May 10, 2010 3:14am May 10, 2010 3:14am
- Joined Feb 2006 | Status: Spartan Attitude | 1,500 Posts
With all the BS going on in the world, I don't blame ya for scalping. But lately, I gotta say, we've seen some amazing trends though on the large TF's....not only the last week which was simply unbelievable especially Thursday/Friday, but previous weeks to that. Its just been a nice market to ride and milk it. I caught a few glasses of sour milk though on some of these trends. Absolutely nuts.
No, just sick and tired of all these gurus that come out of the wood works to give their advices or stroke their "tsk, I was already long/short well after everyone else" egos AFTER a big move has occurred.
I'm seeing a bounce off the 50 SMA at the moment....another 30-50 pips and possibly another long opportunity to add to positions....depends on if this TL holds. My 4Hr indies are just finding their way to OB status....its a good sign.
No, just sick and tired of all these gurus that come out of the wood works to give their advices or stroke their "tsk, I was already long/short well after everyone else" egos AFTER a big move has occurred.
I'm seeing a bounce off the 50 SMA at the moment....another 30-50 pips and possibly another long opportunity to add to positions....depends on if this TL holds. My 4Hr indies are just finding their way to OB status....its a good sign.
In Charts We Trust!
- #239,480
- May 10, 2010 3:16am May 10, 2010 3:16am
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2010-05-10_European Forex Technicals : Fresh Impetus For EUR
Intraday :
EUR/USD :
Extends the corrective recovery off Thursday's 2010 low at 1.2510 to force a break above 1.2799, and the focus is back on the 1.3000 level. Strength off Monday's current session low at 1.2807 creates room for gains to test upside targets at 1.3037, and the 1.618 extension target at 1.3077. Only a sustained break below 1.2807 would bring the focus back onto the 1.2609 higher low.
Weekly chart EUR/USD trend : Bearish.
No reason for me to short it too early - I would like to say - though temptating ;-)
http://cdn.forexfactory.com/images/attach/pdf.gif 2010-05-10_European Forex Technicals.pdf (8.9 KB)
Be aware that we have crossed above (Res 3) third daily resistance zone ...
Good Luck !
Intraday :
EUR/USD :
Extends the corrective recovery off Thursday's 2010 low at 1.2510 to force a break above 1.2799, and the focus is back on the 1.3000 level. Strength off Monday's current session low at 1.2807 creates room for gains to test upside targets at 1.3037, and the 1.618 extension target at 1.3077. Only a sustained break below 1.2807 would bring the focus back onto the 1.2609 higher low.
Weekly chart EUR/USD trend : Bearish.
No reason for me to short it too early - I would like to say - though temptating ;-)
http://cdn.forexfactory.com/images/attach/pdf.gif 2010-05-10_European Forex Technicals.pdf (8.9 KB)
Be aware that we have crossed above (Res 3) third daily resistance zone ...
Good Luck !
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts