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  • #245,141
  • May 20, 2010 2:14am May 20, 2010 2:14am
Quoting Freddyfx
The more they all scream one direction, the more I am interested in going the other way.
Still short...and added.
Freddy, stole my trading plan.
  • #245,142
  • May 20, 2010 2:14am May 20, 2010 2:14am
my another monthly chart - 2318 support is still intact

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  • #245,143
  • May 20, 2010 2:14am May 20, 2010 2:14am
Quoting Freddyfx
The more they all scream one direction, the more I am interested in going the other way.
Still short...and added.
I think every single one of us here should start saying "We bullish on euro longing all the way to 1.27"

but... secretly we short it.
  • #245,144
  • May 20, 2010 2:14am May 20, 2010 2:14am
Quoting 2+2=4ex
Are you saying you know the big guys? If not, how do you know what they're doing?
The big guys are right now: the Bank of Japan, the Bank of Switzerland and a 750 billion euro fund of the EU in Luxembourg who are buying massively euros, you can know what they're doing just looking your chart and seeing in which direction is the price moving fast.
  • #245,145
  • May 20, 2010 2:15am May 20, 2010 2:15am
Quoting T.E.Lawrence
Still fighting with that monthly 200 EMA - it's stronger than I thought:

Attachment

this is one of those things you really have to watch for when trading.
TE, the 200 is certainly playing a role in the support, however, I think the trendline (in combination with 200 ma and support line) is what is making it so strong...
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  • #245,146
  • May 20, 2010 2:15am May 20, 2010 2:15am
Quoting T.E.Lawrence
Still fighting with that monthly 200 EMA - it's stronger than I thought:

Attachment

this is one of those things you really have to watch for when trading.
Yep. It's a tough sucker. Don't be surprised if we consolidate around it. But - given the EZ's situation....we might punch right back through once enough money goes long.
  • #245,147
  • May 20, 2010 2:16am May 20, 2010 2:16am
Quoting Jhig
I'll scream Short! My short entry would be somewhere below 1.24. I think pa is setting up for better shorts. Won't know anything until next hour, I have my "waiting cap" on.
Price has just about touch 1.24 and I have 45 min until I get validation on my short entry.

** The waiting continues **
  • #245,148
  • May 20, 2010 2:17am May 20, 2010 2:17am
Quoting Trad3r
The big guys are right now: the Bank of Japan, the Bank of Switzerland and a 750 billion euro fund of the EU in Luxembourg who are buying massively euros, you can know what they're doing just looking your chart and seeing in which direction is the price moving fast.
Tell you what....I'll actually pay attention to your analysis when you're no longer an "Active Member of the 95% Loser Club".
  • #245,149
  • May 20, 2010 2:17am May 20, 2010 2:17am
saxo's trading stance for the ones interested:
http://www.tradingfloor.com/en/Blog/...2010_05_20.pdf
Trade on your own risk Plan your trade&trade your plan dont be a
  • #245,150
  • May 20, 2010 2:18am May 20, 2010 2:18am
yeah i think it was an upthrust. lol
  • #245,151
  • May 20, 2010 2:18am May 20, 2010 2:18am
Spike is being faded hard. Who wudda thunk?
  • #245,152
  • May 20, 2010 2:18am May 20, 2010 2:18am
Quoting PriceVolume
Precisely why I told you good luck. 790 Billion isn't crap in this market. Bullets will run out. Wait until enough go long.......
I'm waiting for a retracement of EURJPY to buy, I like it more than EURUSD in this moment.
  • #245,153
  • May 20, 2010 2:18am May 20, 2010 2:18am
Quoting uraceulose
yeah i think it was an upthrust. lol
Premature ejaculation. Now let's see if we get another attempt upward....still in play. I just took more profit off the table. Will look to add....
Edit: Yep, bounce seems to be coming.
  • #245,154
  • May 20, 2010 2:18am May 20, 2010 2:18am
Quoting Jhig
Price has just about touch 1.24 and I have 45 min until I get validation on my short entry.

** The waiting continues **
Looking at that long, short candle on 1H, one could guess the shorts have validated.
  • #245,155
  • May 20, 2010 2:20am May 20, 2010 2:20am
Quoting PriceVolume
Premature ejaculation. Now let's see if we get another attempt upward....still in play. I just took more profit off the table. Will look to add....
okie dokie edit: by the way that was another really easy 40 pips off the pp on g/j
  • #245,156
  • May 20, 2010 2:22am May 20, 2010 2:22am
If eur/usd 1.2380 acts as a support and usd/chf 1.1530 as resistance we might see nice continuation upside...
They think they are smarter than I am.
  • #245,157
  • May 20, 2010 2:22am May 20, 2010 2:22am
And how about that doji-like candle on4h chart - pretty interesting place to short. What do you think?

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  • #245,158
  • May 20, 2010 2:24am May 20, 2010 2:24am
Glad I follow price action, I got out just in time as eurnzd and euraud looks to be in reversal mode. In any case, this is good as I'll be looking for more bullish signals. I love pullbacks in a trend!
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  • #245,159
  • May 20, 2010 2:24am May 20, 2010 2:24am
Quoting Trad3r
The big guys are right now: the Bank of Japan, the Bank of Switzerland and a 750 billion euro fund of the EU in Luxembourg who are buying massively euros, you can know what they're doing just looking your chart and seeing in which direction is the price moving fast.
So your chart tells you Bank of Japan etc. are the big buyers? LOL. I need to get the same chart software you have!

And how come they are buying massively euros and not euros massively?
  • #245,160
  • May 20, 2010 2:25am May 20, 2010 2:25am
Quoting T.E.Lawrence
And how about that doji-like candle on4h chart - pretty interesting place to short. What do you think?

Attachment
Noteworthy. But if you didn't catch the spike I would wait....could see some long continuation and exuberance.
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