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  • #266,201
  • Jul 1, 2010 10:17am Jul 1, 2010 10:17am
eurusd have made a very big play today but i think it as got to where it will start falling.i just short @1.2447 my taget is 1.2200 let see how it goes from here..
  • #266,202
  • Jul 1, 2010 10:19am Jul 1, 2010 10:19am
Quoting uraceulose
what can i say?.......if this is the bounce that takes it back up..should be a nice ride. if not, 1.0500 should be a nice psyche level..it helped my case for a long today that we crushed the daily atr and were below S3..anything within 20-30 pips is okay with me from this level as far as slippage goes...the bounce off of this teal TL was expected although I'm a dummy for never shorting it
meanwhile at the same moment. usdx hit the top.. and the eu hit strong support on 3 1.6 charts.
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those who can, do. those who cant, talk about those who can
  • #266,203
  • Jul 1, 2010 10:20am Jul 1, 2010 10:20am
damn..these are the days i'm so glad I don't trade gold/silver

edit:thank you for posting the chart above..i hadn't seen the whole thing

...it's just about time for me to start watching some golf..shit it's nice outside, im just gonna go play a round today and dvr the tourney
  • #266,204
  • Jul 1, 2010 10:25am Jul 1, 2010 10:25am
Quoting uraceulose
damn..these are the days i'm so glad I don't trade gold/silver

edit:thank you for posting the chart above..i hadn't seen the whole thing
Anyone has got a clue, why EURUSD is moving up again? Is it a re-test or what?
I can't imagine there are still a lot of people that longing the pair...
  • #266,205
  • Jul 1, 2010 10:27am Jul 1, 2010 10:27am
BE hit

Geez... who the hell buys this euro more???
  • #266,206
  • Jul 1, 2010 10:28am Jul 1, 2010 10:28am
Quoting ak4x
Yeah maybe, but you still draw like a 4 year old....

Get snagit for cryin out loud. Then you'd truly
Well I could blame it on my daughter but she draws much better than that Anyway, I'm not convinced yet. Expected bad number for NFP tomorrow so could be pump and dump. It didn't fill that gap (and I don't want to get into a gap discussion ). It's hit support at a previous resistance. It's done 97% of it's AWR. But we all know what happened in Dec 2008 ..... yet we should be in summer time range mode. Has done it's AYR though.

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Nothing worth having is easy.
  • #266,207
  • Jul 1, 2010 10:34am Jul 1, 2010 10:34am
closed my short on 10 pips loss take care people more up is coming i think the retrace ended
ブードゥー教
  • #266,208
  • Jul 1, 2010 10:34am Jul 1, 2010 10:34am
Quoting Atomanti
Anyone has got a clue, why EURUSD is moving up again? Is it a re-test or what?
I can't imagine there are still a lot of people that longing the pair...
There aren't a lot of retail guys buying this pair yet..it's still being propped up. volume is dropping though on these up bars...i won't long right here..i'd rather wait for 1.2620 area and then wait for a retest back down but that's just me..keep in mind that all the senior guys have always told us that NFP the WHOLE WEEK can be crazy..just gotta trade small if you're not used to it
  • #266,209
  • Jul 1, 2010 10:35am Jul 1, 2010 10:35am
Quoting Predi
BE hit

Geez... who the hell buys this euro more???

Banks. They try to prop up the euro so they match any selling pressure. Notice how this pair is usually correlated with US markets? Notice how today it is only correlated with markets when they move up? They match selling pressure when markets are falling. Dollar continues to weaken and markets turn around or stall. The correlation kicks back in and euro goes up further. Keeps going up endlessly until people catch on.
  • #266,210
  • Jul 1, 2010 10:36am Jul 1, 2010 10:36am
Quoting uraceulose
There aren't a lot of retail guys buying this pair yet..it's still being propped up. volume is dropping though on these up bars...i won't long right here..i'd rather wait for 1.2620 area and then wait for a retest back down but that's just me..keep in mind that all the senior guys have always told us that NFP the WHOLE WEEK can be crazy..just gotta trade small if you're not used to it
OK, so won't take any short position?
  • #266,211
  • Jul 1, 2010 10:36am Jul 1, 2010 10:36am
Quoting Voodoo
closed my short on 10 pips loss take care people more up is coming i think the retrace ended
possibly, but i always expect a double tap in these situations and just reloaded ((2478)) after closing the previous shorts in the retrace.

what happens NEXT is critical tho...
FUBAR...
  • #266,212
  • Jul 1, 2010 10:38am Jul 1, 2010 10:38am
Quoting ak4x
possibly, but i always expect a double tap in these situations and just reloaded ((2478)) after closing the previous shorts in the retrace.

what happens NEXT is critical tho...
2488 r1 w.. i know you know.
those who can, do. those who cant, talk about those who can
  • #266,213
  • Jul 1, 2010 10:39am Jul 1, 2010 10:39am
seems to me it still wants to go higher... 1.252 maybe
Andreyou
  • #266,214
  • Jul 1, 2010 10:43am Jul 1, 2010 10:43am
Quoting Atomanti
OK, so won't take any short position?
well...for me, i'm in one..but i'm down right now by 10 pips so it may not have been the best decision..

i'll tell ya though man..i made money today in my opinion by NOT TRADING. even though i had an idea what was going to happen @ 2140 area, i said at the beginning of this little 3 week period and each week since(especially this week) that we're in a range..you gotta be good to play the middle's of a range or you gotta be sure. There haven't been too many sure deal trades for me this week so I just laid low. I took a couple of au shorts that paid me over 225 pips and my stops were hit in profit on gu trades too. it makes it a little easier for me to take a chance with a small short here is what I'm getting at. I don't mind taking the loss..like i said I'm going golfing either way in 10 minutes. lol. market will be here when i get back

Later guys,

donnie

edit: real quick au is back up at the fresh monthly pivot..just one to watch too
  • #266,215
  • Jul 1, 2010 10:46am Jul 1, 2010 10:46am
G'day folks!

That thing went up like a tourist's privates in a Thai massage parlor. Fess up, who rubbed it?
Not all sins are created equal
  • #266,216
  • Jul 1, 2010 10:46am Jul 1, 2010 10:46am
Quoting ak4x
possibly, but i always expect a double tap in these situations and just reloaded ((2478)) after closing the previous shorts in the retrace.

what happens NEXT is critical tho...
agree with you but i will sit out now untill i see a clear bear flag . we are in a bullish land now big shorts will be minor now i will see the daily close then based on it i will decide we have a bearish engulfing at H1 but i will wait for confirmation
ブードゥー教
  • #266,217
  • Jul 1, 2010 10:55am Jul 1, 2010 10:55am
Going to short @ 2493 to ----> 2450 at least
  • #266,218
  • Jul 1, 2010 10:56am Jul 1, 2010 10:56am
Quoting ak4x
possibly, but i always expect a double tap in these situations and just reloaded ((2478)) after closing the previous shorts in the retrace.

what happens NEXT is critical tho...
The whole world is watching that 1 minute candle...wow..its going up....
  • #266,219
  • Jul 1, 2010 10:59am Jul 1, 2010 10:59am
Eventually EUR should come down a bit, just not yet. Right now, it's probably some late-comers wanting to join in the rally party. My 2 cents.

But IF this rally was REALLY fueled by the weak US economic data, with US economy now permanently being shown as recovering weakly, whether the Euro is going to stay stronger on a more permanent basis is still yet to see. After all, EU's economic issues are still outstanding.
Make your losses in demo. Earn your profits live.
  • #266,220
  • Jul 1, 2010 11:00am Jul 1, 2010 11:00am
Quoting A-lonetrader
Going to short @ 2493 to ----> 2450 at least
ooops ..never mind... ...
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