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  • #241,301
  • May 13, 2010 8:33am May 13, 2010 8:33am
still looks good for further downside
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  • #241,302
  • May 13, 2010 8:38am May 13, 2010 8:38am
dow wedge broken....
  • #241,303
  • May 13, 2010 8:39am May 13, 2010 8:39am
My assumptinos are - after next round bounce some EUR/USD will go -15 to -20 pips peak down to collect s/l, then retrace to first or second Fibo retr level...
  • #241,304
  • May 13, 2010 8:40am May 13, 2010 8:40am
Guys I've been saying this for a while now do not attempt to long this pair unless you are a pro at this game. Newbies especially need to be only shorting this thing at the right points! The trend will save you trust me.
Former Trader Of the Year of the 95% losing club! Retired
  • #241,305
  • May 13, 2010 8:43am May 13, 2010 8:43am
Quoting Rgali1
Guys I've been saying this for a while now do not attempt to long this pair unless you are a pro at this game. Newbies especially need to be only shorting this thing at the right points! The trend will save you trust me.
  • #241,306
  • May 13, 2010 8:43am May 13, 2010 8:43am
Would anyone agree with this?

Todays low at 1.2525 and up-retracement will reach as high as 2nd Fibo of todays max descent about (1.2584)
  • #241,307
  • May 13, 2010 8:45am May 13, 2010 8:45am
Quoting Rgali1
Guys I've been saying this for a while now do not attempt to long this pair unless you are a pro at this game. Newbies especially need to be only shorting this thing at the right points! The trend will save you trust me.
yes, I remain short bias, but shorting down here requires tight SL too, any ECB "good" news can make this thing go up 300pips in a very short time. See saw that on Monday, I think it wont be the last one.
  • #241,308
  • May 13, 2010 8:46am May 13, 2010 8:46am
Quoting witsnpips
why on earth is the euro weakining?

so much for the greece bailout...
That's funny...eehhhh-that was a joke....right?

That "rescue" package is about as good as Obamas...as Maggie said "The only thing wrong with socialism is that eventually other peoples money runs out."
  • #241,309
  • May 13, 2010 8:48am May 13, 2010 8:48am
Quoting Mr J
I smell blood, I'm keeping it all on for now.
Why blood ? if the low 1.2519 failed to react properly then 4th wave end & a big 5th wave in continuation down ,1.2450,2350 & so on.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #241,310
  • May 13, 2010 8:49am May 13, 2010 8:49am
Quoting billymoney
yes, I remain short bias, but shorting down here requires tight SL too, any ECB "good" news can make this thing go up 300pips in a very short time. See saw that on Monday, I think it wont be the last one.
I can't think of any good news coming from ECB right now. But still anything can happen.
  • #241,311
  • May 13, 2010 8:49am May 13, 2010 8:49am
I am not going to short here even if it is tempting I screwed myself out of 2 trades by having my entries to high both of the time they where of by 12-15pips. It is no drama and I had an as$$ feeling that I wont be trading today.
Got a channel on the 1hr chart which when we close like this is broken also not a good sign the current 15min bar looks nice for counter trend trading (again not really my style).
Levels I would like to see to enter shorts: 2613 , 2630 and 2700.

I really hate days like this... its not the markets fault its mine... anyway I hope all the twitter ppl get what they want and price bounces hard from 2500.

Since I am not trading today I will take my dog go for a long walk and get a beer.

Might pop by later but not sure as my non trading live needs some attention tonight.

Good luck trading and sorry for me being a little cranky,
TCat
Trade on your own risk Plan your trade&trade your plan dont be a
  • #241,312
  • Edited 8:51am May 13, 2010 8:51am | Edited 8:51am
Quoting Trading Cat
I am not going to short here even if it is tempting I screwed myself out of 2 trades by having my entries to high both of the time they where of by 12-15pips. It is no drama and I had an as$$ feeling that I wont be trading today.
Got a channel on the 1hr chart which when we close like this is broken also not a good sign the current 15min bar looks nice for counter trend trading (again not really my style).
Levels I would like to see to enter shorts: 2613 , 2630 and 2700.

I really hate days like this... its not the markets fault its mine... anyway...
Wow TC you were just reading my mind.. I would also like it to get a little higher before a short is taken... I think I will take a nap now... Have a good one.......
  • #241,313
  • May 13, 2010 8:53am May 13, 2010 8:53am
wish io kept my shorty now got out early
  • #241,314
  • May 13, 2010 8:53am May 13, 2010 8:53am
Quoting fontu
Why blood ? if the low 1.2519 failed to react properly then 4th wave end & a big 5th wave in continuation down ,1.2450,2350 & so on.
fontu
It was 60 or so when I posted, we went to 40. I was looking for 30.
  • #241,315
  • May 13, 2010 8:55am May 13, 2010 8:55am
short now...tp 10 pips only
  • #241,316
  • May 13, 2010 8:55am May 13, 2010 8:55am
Quoting Rgali1
Guys I've been saying this for a while now do not attempt to long this pair unless you are a pro at this game. Newbies especially need to be only shorting this thing at the right points! The trend will save you trust me.
i think 1.23-1.25 is a good place to long than short of course with SL slightly below 1.23...well as long as MM is in place long can be more profitable than short, however we're still in bull market it just this 2008 recession create retracing. I bet dollar bear will resume once eurozone problem is clear, if it's clear, if it's not than asia might come next
  • #241,317
  • May 13, 2010 8:56am May 13, 2010 8:56am
So we made a new low for the week and it was pushed back up?

Even had candle closing where it couldn`t last week(1h).

Common sense says we will see futher down move, however we may see it going up a little before that, i`d only start to worry if previous suport doesn`t become resistance.

EDIT: We might see a big move up if we get good news now... however i can`t figure out where those might come from.(real good news not "we are bailing them out" type of news)

EDIT2: The last 5m candle pretty much sealed the deal and made the 1h candle look right.
  • #241,318
  • May 13, 2010 8:57am May 13, 2010 8:57am
Quoting Rgali1
Guys I've been saying this for a while now do not attempt to long this pair unless you are a pro at this game. Newbies especially need to be only shorting this thing at the right points! The trend will save you trust me.
think thats sound advice friend

ive been shorting this got out now

made profit thinking of shorting again once i get the signal

its using its daily support as resistance now

so next few days might be interesting if it bounces off i again

might jump on this train down again i think
  • #241,319
  • May 13, 2010 8:57am May 13, 2010 8:57am
Quoting clientfx
short now...tp 10 pips only
same @1.2563 just seek 4 +-10pips

im close @7 pips ...
  • #241,320
  • May 13, 2010 8:59am May 13, 2010 8:59am
Quoting Trading Cat
I am not going to short here even if it is tempting I screwed myself out of 2 trades by having my entries to high both of the time they where of by 12-15pips. It is no drama and I had an as$$ feeling that I wont be trading today.
Got a channel on the 1hr chart which when we close like this is broken also not a good sign the current 15min bar looks nice for counter trend trading (again not really my style).
Levels I would like to see to enter shorts: 2613 , 2630 and 2700.

I really hate days like this... its not the markets fault its mine... anyway...
TC are you scalping or not? have you try this? i think it is quite interesting

http://www.bkforexadvisors.com/boris...-pips-per-day/
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