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  • #240,861
  • May 12, 2010 8:12am May 12, 2010 8:12am
Back , all done well so far today. The hurdle lowered from 64 to 58 now & waiting break it down for next short.
Not tell me I am making on camel again , if so then it can be a baby monster ,small thin & lean malnutriated body with very big head ready to raise 1.2720-34-70 to 1.38? just seeing with surprise next .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #240,862
  • May 12, 2010 8:13am May 12, 2010 8:13am
For the rest of the day we don't have any big news that can drive the market. We are trading 60 pips below friday's close, it tells me that the Package didn't make a lot of effect, but nobody is gonna put his money on shorting as everything is very recent. Suddenly I haven't heard the word "Greece" in the whole day in bloomberg, but I heard Spain and Porugal are going to be able to solve their fiscal problems so they don't have Greece's future... Is there something going on?? I believe so... We all know 1.200 is gonna be reached, but they can't allow it to happen in 2 weeks.
My call is: sideways market, I don't expect much of the market these days.
Hope I'm wrong and fiber goes to parity!
My two cents...
G/L!
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  • #240,863
  • May 12, 2010 8:16am May 12, 2010 8:16am
I dont trade this pair today, gbp/usd much better.
They think they are smarter than I am.
  • #240,864
  • May 12, 2010 8:18am May 12, 2010 8:18am
I was planning to go long around 1.2590 / 1.2610 with profit target 1.2830, but it seems that we can already go long at market..
  • #240,865
  • May 12, 2010 8:19am May 12, 2010 8:19am
I don't wanna be funny even crude oil is also not moving. Is there some thing that we are missing.
He who fears being conquered is sure of defeat - Napoleon Bonaparte
  • #240,866
  • May 12, 2010 8:20am May 12, 2010 8:20am
Quoting fontu
Back , all done well so far today. The hurdle lowered from 64 to 58 now & waiting break it down for next short.
Not tell me I am making on camel again , if so then it can be a baby monster ,small thin & lean malnutriated body with very big head ready to raise 1.2720-34-70 to 1.38? just seeing with surprise next .
fontu
could be Gozilla or something like that??? not good in drawing those weird formations last one was an angry cat but just for fun hahha.
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Trade on your own risk Plan your trade&trade your plan dont be a
  • #240,867
  • May 12, 2010 8:20am May 12, 2010 8:20am
Any possibility of a inverted H&S on a H1?
  • #240,868
  • May 12, 2010 8:26am May 12, 2010 8:26am
Quoting dxvas
Any possibility of a inverted H&S on a H1?
Very much if we get back to 2739.
  • #240,869
  • May 12, 2010 8:32am May 12, 2010 8:32am
.
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Trade on your own risk Plan your trade&trade your plan dont be a
  • #240,870
  • May 12, 2010 8:33am May 12, 2010 8:33am
Quoting Trading Cat
could be Gozilla or something like that??? not good in drawing those weird formations last one was an angry cat but just for fun hahha.
Well said , in m30 can be dog if not cat or gozilla , can also make sound loudly raising the mouth . care at 54/9 for a big bounce if so.
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #240,871
  • May 12, 2010 8:33am May 12, 2010 8:33am
Quoting neo1599
Very much if we get back to 2739.
So two scenario in play.

N2 1. Inverted H&S plays to possible 1.3184 -1.3195 forming a bearish gartley and down we go again.... ( not likely , but... )

No2. breaking of the 1.2600 and going for the 1.2417 and below....

Who will win ....
  • #240,872
  • May 12, 2010 8:37am May 12, 2010 8:37am
Quoting Z3iz3i
I dont trade this pair today, gbp/usd much better.
Indeed, pound's very weak!
  • #240,873
  • May 12, 2010 8:38am May 12, 2010 8:38am
I have a new short from 1.2693 SL 1.2715 TP open! If SL hit I may consider a scalp for a long with tight stops only if I am feeling tigger happy because I know this pair should ONLY BE SHORTED.
Former Trader Of the Year of the 95% losing club! Retired
  • #240,874
  • May 12, 2010 8:43am May 12, 2010 8:43am
Quoting Rgali1
I have a new short from 1.2693 SL 1.2715 TP open! If SL hit I may consider a scalp for a long with tight stops only if I am feeling tigger happy because I know this pair should ONLY BE SHORTED.
I agree
this is a short position

eyes dont lie

why go long ?

theres no real bull power here just a sideways move but that will break and the trend will continue down i believe
  • #240,875
  • May 12, 2010 8:45am May 12, 2010 8:45am
Quoting dxvas
So two scenario in play.

N2 1. Inverted H&S plays to possible 1.3184 -1.3195 forming a bearish gartley and down we go again.... ( not likely , but... )

No2. breaking of the 1.2600 and going for the 1.2417 and below....

Who will win ....
The last 4H candle looks like we might be in for a bear candle. Wait and watch.

My charts say next 8 hours are very important we need to break and close below 2580 for the downmove to continue else we might be headed up to 2942.

No confirmation yet..
  • #240,876
  • May 12, 2010 8:47am May 12, 2010 8:47am
Some pending longs placed 65-50 for some easy pips or loss perhaps ?
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #240,877
  • May 12, 2010 8:48am May 12, 2010 8:48am
15min triangle set to drop south $eurusd
  • #240,878
  • May 12, 2010 8:53am May 12, 2010 8:53am
Quoting Jhig
15min triangle set to drop south $eurusd
Perhaps a drop to 54 followed by bounce , a bull flag perhaps , just care not loosing, profit taking to fast in that case .something is cooking for sure.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #240,879
  • May 12, 2010 8:54am May 12, 2010 8:54am
Quoting Jhig
15min triangle set to drop south $eurusd
since when is a triangle bearish? it can go either way...
Trade on your own risk Plan your trade&trade your plan dont be a
  • #240,880
  • May 12, 2010 8:54am May 12, 2010 8:54am
Quoting swano
I agree
this is a short position

eyes dont lie

why go long ?

theres no real bull power here just a sideways move but that will break and the trend will continue down i believe
After giving it some thought if my SL is to get hit I wouldnt long for a scalp just will find a reentery for a short. Greed I guess is the only answer on why someone would long this pair...which I agree should be avoided.
Former Trader Of the Year of the 95% losing club! Retired
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