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  • #243,281
  • May 17, 2010 7:03pm May 17, 2010 7:03pm
Quoting gatorinla;3731709[B
]it did.. today.[/b] the stronger the trend the less the bounce.. you will get your bounce ....here 2133/2156
i'm glad u said that
  • #243,282
  • May 17, 2010 7:04pm May 17, 2010 7:04pm
Hi what you mean by slip below?

Quoting uraceulose
good plan, works 4 me dpp, full retrace plus slip, overbought(not that it means anything).
Its all in the mind.
  • #243,283
  • May 17, 2010 7:06pm May 17, 2010 7:06pm
Quoting 5abi
Hi what you mean by slip below?
2 of my demo broker opens this week were around 2360..we retraced fully plus slippage so far
  • #243,284
  • May 17, 2010 7:15pm May 17, 2010 7:15pm
anyone shorting ? bear begins ?
  • #243,285
  • May 17, 2010 7:18pm May 17, 2010 7:18pm
Quoting edisoname
anyone shorting ?

look at u chart what u see
  • #243,286
  • May 17, 2010 7:19pm May 17, 2010 7:19pm
Quoting edisoname
anyone shorting ?
Me thanks to Gator!

Thank you man!

  • #243,287
  • May 17, 2010 7:19pm May 17, 2010 7:19pm
Quoting edisoname
anyone shorting ? bear begins ?
Bears never left.
  • #243,288
  • May 17, 2010 7:20pm May 17, 2010 7:20pm
i see a fat bear or may be a thin cow
  • #243,289
  • May 17, 2010 7:22pm May 17, 2010 7:22pm
thanks

Quoting uraceulose
2 of my demo broker opens this week were around 2360..we retraced fully plus slippage so far
Its all in the mind.
  • #243,290
  • May 17, 2010 7:22pm May 17, 2010 7:22pm
EURUSD Supports Swamped
EURUSD Plunges Through Supports
Trend: Conditions remain bearish, as the Trend-Cycle model maintains a negative reading. The bear trend continues to plunge through supports with little difficulty. The Dynalibrium line remains aimed south, keeping the wind at the bear's back. From a trend perspective, only a move above the most recent notable reaction would spell some relief, and it's up at 1.3094.
Rhythm: The dominant 20-week nominal cycle (97-days from low to low) remains in its base phase, but prices have yet to respond. The cycle-adjusted momentum indicator - while oversold - is in a hard down position, leaving overall rhythm conditions with a bearish bias.
Structure: My preferred wave count has label action from the 1.3818 mid-March high as a developing diagonal triangle wave (v). But the more it extends lower from this point on, the less credibility that interpretation will have. The alternate count is actually the old count that labels the 1.3268 late March low as wave (v) of 1, with wave 2 up to 1.3692, and wave 3 working lower from there. It would reach equality with wave 1 at 1.1816. For now, the important support is at 1.2133, and only a sustained move through there would have me favoring the more bearish wave 3 interpretation. On the upside, only a move through 1.2766 (0.618 of 1.3094-1.2235) would bring up the possibility of wave v of (v) low in place
  • #243,291
  • May 17, 2010 7:23pm May 17, 2010 7:23pm
where's ur TP
  • #243,292
  • May 17, 2010 7:25pm May 17, 2010 7:25pm
I just took a 20 pip profit on half of my short position. Man, this shorting the euro thing is like a sport.
  • #243,293
  • May 17, 2010 7:25pm May 17, 2010 7:25pm
Attached Image
  • #243,294
  • May 17, 2010 7:31pm May 17, 2010 7:31pm
BULLET: EURO-DOLLAR: The pair is now trading at the low end..
EURO-DOLLAR: The pair is now trading at the low end of the morning's
range so far, now at $1.2381, off the $1.2374 low. Dealers say the going
has been slow in FX markets, with traders looking to opening of regional
stock markets for leads. Euro-dollar offers are said to be surrounding
the initial $1.2401 high, with bids now seen at $1.2300, just above the
overnight low of $1.2381, while stops are likely building below that,
dealers say.

Provided by: Market News International
  • #243,295
  • May 17, 2010 7:52pm May 17, 2010 7:52pm
I havent caught any eu shorts in the past couple days, just for the fact that im simply not gonna chase this pair....thats how you get burnt. My entries are as follows ranging from 2466-90 (.40 lots) stops for all lots 2544. Target is the 50 fib 2133 ( .8230-1.6036), I believe this fib will act as a magnet for shorts and im sure a bulk of profit taking will occur around that area. If one looks back at a weekly chart around 2004-05 and looks at the area 2460-2500 it seems to be a strong pivot area. Ideally a push up to there would be a great scenario for shorts, I just hope there are enough buyers to push it there given how strong this trend is. My entries are set....
Attached Image (click to enlarge)
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  • #243,296
  • Edited 8:03pm May 17, 2010 7:52pm | Edited 8:03pm
Quoting SkyzerFX
It should go up at lest ones in so many days down..

Japan Consumer confidence data is due on Tuesday..

If good, we can see some more pips up till tomorrow 7:30 EST.
i guess it wasn't up.. why would it be? japan is on its last leg too.. after euro its japans turn.. if you don't breed your gonna bleed. its how ponzi schemes work. you need fresh blood to keep it going. its not rocket science. neither has commodities and they don't breed... so you take it in a double shot. see you at the bottom..

oh i forgot.. both did have manufacturing.. but its slipping.. a weaker euro r whatever the new currency will be. will be the only savior. high unemployment makes this snowball pick up speed and grow.

i am no rocket surgeon
those who can, do. those who cant, talk about those who can
  • #243,297
  • May 17, 2010 8:01pm May 17, 2010 8:01pm
Quoting gatorinla
i guess it wasn't up.. why would it be? japan is on its last leg too.. after euro its japans turn.. if you don't breed your gonna bleed. its how ponzi schemes work. you need fresh blood to keep it going. its not rocket science. neither has commodities and they don't breed... so you take it in a double shot. see you at the bottom.

i am no rocket surgeon
Theyre gettin old.....maybe they need more marvin gaye and barry white in japanese households?

http://search.japantimes.co.jp/cgi-b...0100115a2.html

http://blog.euromonitor.com/2010/03/...ing-older.html -----this is a very good article!
  • #243,298
  • May 17, 2010 8:01pm May 17, 2010 8:01pm
Quoting gatorinla
i guess it wasn't up.. why would it be? japan is on its last leg too.. after euro its japans turn.. if you don't breed your gonna bleed. its how ponzi schemes work. you need fresh blood to keep it going. its not rocket science. neither has commodities and they don't breed... so you take it in a double shot. see you at the bottom.

i am no rocket surgeon
You're right....Japan is next. They are unique in that they sell their bonds domestically, otherwise they would already be in deep shit......in fact they are already in deep shit, it's just that the rest of the world isn't looking.....yet.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #243,299
  • May 17, 2010 8:02pm May 17, 2010 8:02pm
Anyone giving respect to the upward trend line forming on the M15-M60? Three points already closing in the line as we speak at roughly 1.231x
  • #243,300
  • May 17, 2010 8:05pm May 17, 2010 8:05pm
Quoting realjumper
You're right....Japan is next. They are unique in that they sell their bonds domestically, otherwise they would already be in deep shit......in fact they are already in deep shit, it's just that the rest of the world isn't looking.....yet.
i always look.. i am the lion..
those who can, do. those who cant, talk about those who can
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