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EURUSD

  • #248,521
  • May 27, 2010 4:10am May 27, 2010 4:10am
Quoting kojak
and out......
Me too out of my short +30 pips.
  • #248,522
  • May 27, 2010 4:12am May 27, 2010 4:12am
Quoting 2+2=4ex
I'm about 5' 7"
lol
  • #248,523
  • May 27, 2010 4:13am May 27, 2010 4:13am
Quoting Likerty
What about todays vote in Spain?
They are still speaking... They will vote in one or two hours I suppose but it seems that the law will pass with just 1 vote of difference, I will inform you when they vote.

If you understand spanish you can follow the debate and the vote here: http://www.congreso.es/portal/page/p...gresoTV/CanPar

My recomendation is buy euros, but with tight SL, regards.
  • #248,524
  • May 27, 2010 4:16am May 27, 2010 4:16am
Quoting Trad3r
They are still speaking... They will vote in one or two hours I suppose but it seems that the law will pass with just 1 vote of difference, I will inform you when they vote.

If you understand spanish you can follow the debate and the votation here: http://www.congreso.es/portal/page/p...gresoTV/CanPar
Thanks. I'm watching it now. I understand some spanish, but they speak so fast, damn.
  • #248,525
  • May 27, 2010 4:16am May 27, 2010 4:16am
Quoting Atlast
two charts, first one done before, next is the following movement.
is this not a fortune? and the importance of waiting for the market to hit the right price and time.
I think youre missing out on some things like this:
http://img526.imageshack.us/img526/2...ture7fk.th.png
and this
http://img121.imageshack.us/img121/2...ture8nv.th.png

First pic: Ive added your fork as a pinkish one for clarification, as you can see there are a lot more forks in play on 1hr and 4hr times including schiff modified schiff and regular forks. The Downward Channel is persistent and were seeing bounces, we might expect some upretracement today yet the movement remains downwards as the 4hr orange fork has not been broken for weeks now.

Second Pic:
This is something i was talking about previously, we have a huge downward fork and we had a perfect bounce and retest on the 25% of the Pink fork. It all depends now if bears are able to break it or not, if they are we can expect 1.16 by next week, if theyre not we will see a retrace to 1.28 probably.

The issue im having with your fork is that its not a real fork but merely represents action and reaction lines. But we will see


EDIT:

here are some 15m/30m forks and channels
http://img17.imageshack.us/img17/5239/picture9xm.th.png
  • #248,526
  • May 27, 2010 4:16am May 27, 2010 4:16am
EU today has strange behaviour. I guess I'll long GU which looks more promising.
  • #248,527
  • May 27, 2010 4:23am May 27, 2010 4:23am
Quoting 2+2=4ex
Thanks. I'm watching it now. I understand some spanish, but they speak so fast, damn.
They are speaking now another law that they are also to vote: the unemployment benefit of the self-employed workers, when they finish they will vote the two laws, this and the reduction deficit plan, regards.
  • #248,528
  • May 27, 2010 4:26am May 27, 2010 4:26am
Quoting Trad3r
They are speaking now another law that they are also to vote: the unemployment benefit of the self-employed workers, when they finish they will vote the two laws, this and the reduction deficit plan, regards.
cheers trad3r
please keep us updated for us single language people
  • #248,529
  • May 27, 2010 4:26am May 27, 2010 4:26am
EU is ranging. Short below 2345. Long above it. Above 2345 first target is 2390. Downside EU finds support at 2240>2220>2190
  • #248,530
  • May 27, 2010 4:28am May 27, 2010 4:28am
Quoting 2+2=4ex
Thanks. I'm watching it now. I understand some spanish, but they speak so fast, damn.
try and understand fast chinese...
  • #248,531
  • May 27, 2010 4:30am May 27, 2010 4:30am
anyone going long for a few pips here?
  • #248,532
  • May 27, 2010 4:31am May 27, 2010 4:31am
Quoting Trad3r
They are still speaking... They will vote in one or two hours I suppose but it seems that the law will pass with just 1 vote of difference, I will inform you when they vote.

If you understand spanish you can follow the debate and the vote here: http://www.congreso.es/portal/page/p...gresoTV/CanPar

My recomendation is buy euros, but with tight SL, regards.
Are you or anybody else watching this? Do you see how fast this duy is speaking now? Holy s**t! He should be in the Guinness record book for most words per minute. He reminds me of the micro machine guy in the commercials. Or those auction guys.
  • #248,533
  • May 27, 2010 4:32am May 27, 2010 4:32am
Quoting qwertymyfx
try and understand fast chinese...
I know spanish, but I'm not used to the speed these people speak. The guy talking now is even faster. I wonder if he gets paid by the word?!
  • #248,534
  • May 27, 2010 4:33am May 27, 2010 4:33am
I think we should stay sidelines till price settles down.
  • #248,535
  • May 27, 2010 4:35am May 27, 2010 4:35am
Quoting 2+2=4ex
I know spanish, but I'm not used to the speed these people speak. The guy talking now is even faster. I wonder if he gets paid by the word?!
lol, if he's getting paid by the word he must be a rich man!
  • #248,536
  • May 27, 2010 4:36am May 27, 2010 4:36am
Quoting SerpentDove
I didn't use any stops, I am way overleveraged. I did not get a wink of sleep last night. I cannot in good conscience recommend it. I'm well over 3 years in the game, I've blown MANY accounts, but I've also quadrupled many accounts (sometimes within a month) and shoved the money in the bank knowing full well that a blow up was around the corner. Using small lots is definately the way to go. I don't think I will be able to trade like this for another year and I am trying to get away from this style because quite frankly those draw downs that scare...
Thank you for a honest reply and good luck trading
  • #248,537
  • May 27, 2010 4:37am May 27, 2010 4:37am
Quoting T@rantula
EU is ranging. Short below 2345. Long above it. Above 2345 first target is 2390. Downside EU finds support at 2240>2220>2190
how about ur divergence?
  • #248,538
  • May 27, 2010 4:37am May 27, 2010 4:37am
Quoting 2+2=4ex
I know spanish, but I'm not used to the speed these people speak. The guy talking now is even faster. I wonder if he gets paid by the word?!


It's because they have limited time to speak, also, here in Spain, we speak a lot and work little
  • #248,539
  • May 27, 2010 4:38am May 27, 2010 4:38am
Quoting Atlast
two charts, first one done before, next is the following movement.
is this not a fortune? and the importance of waiting for the market to hit the right price and time.
Quite good. It worked that time ... I wonder what the overall success rate is of this method if relied on exclusively ?
  • #248,540
  • May 27, 2010 4:38am May 27, 2010 4:38am
Quoting Emanuele
EU today has strange behaviour. I guess I'll long GU which looks more promising.
remember that fiber and cable are highly correlated (daily correlation)
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