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  • #245,781
  • May 20, 2010 4:13pm May 20, 2010 4:13pm
Quoting Pippy5000
That reminds me.. you can't see it on monthly charts unless you go way back, but there's a super duper monster 50% fib in EU at 1.215.. That "might" be the capitulation low (temporarily albeit) .. Cautious traders can easily profit by placing a sell stop at 1.214 .. should be some major fireworks down there.. You might think you've seen a stop run, but that will be a stop avalanche..

happy trading folks.. it's miller time.
the major 50 comes in at 1.2133.....weve already had the bounce off it even though it didnt make it there....
  • #245,782
  • May 20, 2010 4:14pm May 20, 2010 4:14pm
Quoting Leeson
Looking at all the mess here from our neighbors in Spain and here in Portugal, not to mention Greece (today another big strike across the country) for me it's overbought, but don't take my word for it... I am one of the 98% of guys that always lose in this damn market...
just think you could off shorted the top with a 500 pip sl= to 1% o your acount and walked away.. in November. with no leverage look what you risked. 1%. look what you made.. now add in leverage..
those who can, do. those who cant, talk about those who can
  • #245,783
  • May 20, 2010 4:16pm May 20, 2010 4:16pm
Quoting mfoste1
I know it didnt exist back then, but i have a chart that shows price from summer of 79'.....any idea what it might be charting?
all you need 1.6036 .86858
those who can, do. those who cant, talk about those who can
  • #245,784
  • May 20, 2010 4:16pm May 20, 2010 4:16pm
EUR goes down, spread higher, going higher spread lower..

while IBFX already at 2 pips as usual
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #245,785
  • May 20, 2010 4:17pm May 20, 2010 4:17pm
We just hit the DP (mine is 1.2460), pulled up a little, let's see if it holds until shushiroo or blows through
If only I knew then what I know now...
  • #245,786
  • May 20, 2010 4:18pm May 20, 2010 4:18pm
Quoting SkyzerFX
Gigantic spreads now.. Even on direct ECN

EUR spread 5.5- 7.1? WTF usually I have it below 1.0..

Keep this in mind.. ( I will pause my scalping until I see this normalize)

IBFX bucket shop has 4 pips spread now on EU.
I'm seeing a wide-ass spread on my platform too ... IBFX
  • #245,787
  • May 20, 2010 4:19pm May 20, 2010 4:19pm
Quoting Pippy5000
That reminds me.. you can't see it on monthly charts unless you go way back, but there's a super duper monster 50% fib in EU at 1.215.. That "might" be the capitulation low (temporarily albeit) .. Cautious traders can easily profit by placing a sell stop at 1.2135 .. should be some major fireworks down there.. You might think you've seen a stop run, but that will be a stop avalanche..

happy trading folks.. it's miller time.
1.2130/33 its on the chart.. its been there for years.
those who can, do. those who cant, talk about those who can
  • #245,788
  • May 20, 2010 4:20pm May 20, 2010 4:20pm
If we continue on a bull run, what do you think will be the top before the bears come back? I was thinking 1.2710, but may be wrong.
  • #245,789
  • May 20, 2010 4:24pm May 20, 2010 4:24pm
Quoting gatorinla
1.2130/33 its on the chart.. its been there for years.
will we see 26XX again before we head to 2133 ?
  • #245,790
  • May 20, 2010 4:24pm May 20, 2010 4:24pm
anyone see how that buy got knocked down at 2470?
  • #245,791
  • May 20, 2010 4:24pm May 20, 2010 4:24pm
What?

Inserted Video
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #245,792
  • May 20, 2010 4:25pm May 20, 2010 4:25pm
Quoting SkyzerFX
Gigantic spreads now.. Even on direct ECN

EUR spread 5.5- 7.1? WTF usually I have it below 1.0..

Keep this in mind.. ( I will pause my scalping until I see this normalize)

IBFX bucket shop has 4 pips spread now on EU.
I'm curious to know why you think IBFX is a bucketshop ... I live only 15 minutes away from their headquarter ....
  • #245,793
  • May 20, 2010 4:27pm May 20, 2010 4:27pm
Quoting Pippy5000
The Europeans aren't concerned about the exchange rate of the Euro, just the rate at which the Euro is dropping. They'll be just fine if EUR/USD reaches parity.. Since the vast majority of EU countries are exporters (particularly the head honcho Germany) they don't really need a strong currency like the US does. $15,000 VW Beetles will fly off the shelf, but it can't happen in a matter of days or weeks because exporters need time to adjust.

Rapid FX moves cause a serious headache for local businesses and industries and the ECB squawks and threatens...
Lot's of truth to this.. As a person that buys in Euros and Sells in USD, extreme moves in short periods of time can be a killer.. Even though I root for a stronger USD vs EUR, sharp moves can drastically effect margins. Even if I come out a winner at times, I would give that up for stability..

I may only trade EUR/USD for fun, I have a lot at stake at all times with my business selling machinery.
  • #245,794
  • May 20, 2010 4:30pm May 20, 2010 4:30pm
at last went short @ 2545 and moved to BE @2485 , trailing stop 718 points and going to sleep at last! gl and g pips everybody!
2 a.m. here so good night all. tomorrow must be a great day
  • #245,795
  • May 20, 2010 4:30pm May 20, 2010 4:30pm
I'm old and my hands are shaky .. I have it at 1.2146 .. looks like a perfect bounce ..hard to draw the map to the pip

Hey, when are you guys going to come pick up the crackheads and thugs you left behind in Houston after Katrina? THEY WON'T LEAVE We appreciate the higher-quality Shrimp Creole.. not so much the crackheads.
  • #245,796
  • May 20, 2010 4:30pm May 20, 2010 4:30pm
europe and us stock sharply down but how E/U was up? do you think ECB driving it silently? lol
You cannot learn better without losing
  • #245,797
  • May 20, 2010 4:31pm May 20, 2010 4:31pm
Quoting gatorinla
1.2130/33 its on the chart.. its been there for years.
Gator, how reliable are the s/r levels that took place like 3 years+ ago? Breaking this down, it was mentioned that 1.25 was a massive support, as was 1.2350 - yet PA just blitzed straight through those levels before bouncing back - but i mean it took a while and a lot of manipulation to bring it back up surely?

I guess what i'm trying to say is those s/r levels could cease to exist hence becoming an unreliable indicator?
  • #245,798
  • May 20, 2010 4:31pm May 20, 2010 4:31pm
Quoting Schminner
I'm curious to know why you think IBFX is a bucketshop ... ....
Because everything with SET pip spread and not direct market quotes

is a bucket shop. On ECN I have Cable spread below 1 pip low commissions

and fast executions and at IBFX it's 4.0 pips/spread plus "Off Quotes", if pair is

slightly moving.. + NO hedging..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #245,799
  • May 20, 2010 4:32pm May 20, 2010 4:32pm
Quoting PIPMunch
If we continue on a bull run, what do you think will be the top before the bears come back? I was thinking 1.2710, but may be wrong.
long near 2133 t sl and short short 2590 untill a clear direction comes out. it may take many tries.. . at some point we will go not higher then 2360 area.. when 2360 becomes like concrete its time to light this candle. im still long term bearish...this move could take hours or months... a lot could happen between now and then.. but this is the time take profits often..
those who can, do. those who cant, talk about those who can
  • #245,800
  • May 20, 2010 4:33pm May 20, 2010 4:33pm
Quoting mfoste1
the major 50 comes in at 1.2133.....weve already had the bounce off it even though it didnt make it there....
yep missed by 10..
those who can, do. those who cant, talk about those who can
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