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  • #286,081
  • Aug 26, 2010 1:18am Aug 26, 2010 1:18am
Looks like cannot punch through 1.2720, waiting to see if price gets there and get sold in 5min candle.
They think they are smarter than I am.
  • #286,082
  • Aug 26, 2010 1:18am Aug 26, 2010 1:18am
Quoting Bobbyboy
Morning,
If the news for german consumers at 7am was good for the currency why did it spike like that and come down so quickly & I just see go into reversal !!
Can you read what we have just been saying or the last 30 mins!!!!!
rat
  • #286,083
  • Aug 26, 2010 1:20am Aug 26, 2010 1:20am
Yeah if that last 15 minute bar wasn't a clear "Sell me" signal I don't know what is.

This is forex tho so a 150 pip rally up is entirely possible hah
  • #286,084
  • Aug 26, 2010 1:20am Aug 26, 2010 1:20am
Quoting rattyo
Can you read what we have just been saying or the last 30 mins!!!!!
Yes I saw what you was saying but was expecting it to sit there for at least a few minutes....it was instant. That was really where I was confused. There was good news so I thought it would have more substance
  • #286,085
  • Aug 26, 2010 1:21am Aug 26, 2010 1:21am
i see it below 1.27 with london
  • #286,086
  • Aug 26, 2010 1:22am Aug 26, 2010 1:22am
Actually, I was speaking about this spike. This is something that never happened in real market.

http://www.forexfactory.com/showpost...stcount=286038
  • #286,087
  • Aug 26, 2010 1:22am Aug 26, 2010 1:22am
target short .2590, any ideas?
  • #286,088
  • Aug 26, 2010 1:22am Aug 26, 2010 1:22am
Quoting andreypu
it s not enough that the market plays tricks ... i add to the difficulty of trading my own sometimes negligence. i had a close for sell and a buy order at 1.2765. and then of course i forgot to enable it and went to sleep without fear. now...i wake up and i see how i ve lost/50 pips....
The market is always a beast.
  • #286,089
  • Aug 26, 2010 1:24am Aug 26, 2010 1:24am
Quoting Bobbyboy
Yes I saw what you was saying but was expecting it to sit there for at least a few minutes....it was instant. That was really where I was confused. There was good news so I thought it would have more substance

Euro is in an aggressive downtrend. As is Crude and Indices which lead the dollar.

So why will German Consumer BullS change the whole picture?
rat
  • #286,090
  • Aug 26, 2010 1:26am Aug 26, 2010 1:26am
Quoting Bobbyboy
Morning,
If the news for german consumers at 7am was good for the currency why did it spike like that and come down so quickly & I just see go into reversal !!
because no one gives a damn about the fundamentals, this is a bucket shop vs customers game
  • #286,091
  • Aug 26, 2010 1:27am Aug 26, 2010 1:27am
Quoting Bobbyboy
Morning,
If the news for german consumers at 7am was good for the currency why did it spike like that and come down so quickly & I just see go into reversal !!
The good news pushed it in strong resistance level, that is why it drop.
Quoting babypips.com
Attached Image
And at Resistance level we sell . Targets can be near support level, especially in ranging markets. Also there is big concern that US Unemployment is still very bad.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 31 KB
  • #286,092
  • Aug 26, 2010 1:27am Aug 26, 2010 1:27am
Quoting Bobbyboy
Morning,
If the news for german consumers at 7am was good for the currency why did it spike like that and come down so quickly & I just see go into reversal !!
GfK German Consumer Climate normally does not have a great impact.
  • #286,093
  • Aug 26, 2010 1:28am Aug 26, 2010 1:28am
Quoting rattyo
Euro is in an aggressive downtrend. As is Crude and Indices which lead the dollar.

So why will German Consumer BullS change the whole picture?
Thanks for that,
I am new & dont really ask questions normally for fear of them being stupid ones but that just threw me obviously due to inexperience.
Thanks again
  • #286,094
  • Aug 26, 2010 1:30am Aug 26, 2010 1:30am
Quoting Aneurysm
because no one gives a damn about the fundamentals, this is a bucket shop vs customers game
Absolutely
  • #286,095
  • Aug 26, 2010 1:31am Aug 26, 2010 1:31am
Quoting Bobbyboy
Thanks for that,
I am new & dont really ask questions normally for fear of them being stupid ones but that just threw me obviously due to inexperience.
Thanks again
Visit an excellent site : http://www.babypips.com/

you will find precious advices and clear explanations
  • #286,096
  • Aug 26, 2010 1:32am Aug 26, 2010 1:32am
I hope london takes it down to 1.2666
  • #286,097
  • Aug 26, 2010 1:33am Aug 26, 2010 1:33am
Quoting Bobbyboy
Thanks for that,
I am new & dont really ask questions normally for fear of them being stupid ones but that just threw me obviously due to inexperience.
Thanks again
Tommorrows news US GDP could change the whole picture for everything. Remember they even lowered the estimate aswell. Its news capable of doing that but if you look at all the charts in the last 2 weeks you can see that the MM´s already got wind of tommorrows GDP news which is obviously crap cause everything has been taking a good old nose dive.

rememeber they know where all the stops are in the market and the news before it comes out.
rat
  • #286,098
  • Aug 26, 2010 1:35am Aug 26, 2010 1:35am
Quoting nishantforex
I hope london takes it down to 1.2666
1.2666 - I like that.
  • #286,099
  • Aug 26, 2010 1:37am Aug 26, 2010 1:37am
Quoting style2fx
Visit an excellent site : http://www.babypips.com/

you will find precious advices and clear explanations
Thank you guys, appreciate the answers.
I am new but I am trading my own money every day & learning as much as I can WITHOUT asking too many questions from you all.. asking questions on here is more scary than trading my own money !!

Lol........ Thank you
  • #286,100
  • Aug 26, 2010 1:40am Aug 26, 2010 1:40am
Quoting T.E.Lawrence
1.2666 - I like that.
possible a new high
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