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  • #360,821
  • Jan 7, 2011 10:16am Jan 7, 2011 10:16am
Quoting BrunargarFx
This is waht I was missing - makes perfect sense when I compare the 2 ugly sisters you mentioned earlier on.

The market is itching for a retrace, for two reasons, to take some profit of the table and to reload, the EU fundies (especially Portugal) is preventing that today. That's why the NFP has been a non event.
  • #360,822
  • Jan 7, 2011 10:17am Jan 7, 2011 10:17am
Quoting BrunargarFx
I know have a confirmed support (3xHL of the day) at 1.2967 - reloaded at 1.297
Will be following your advice regarding pips.
Thanks a mil'

Not me, am not buying this one.
  • #360,823
  • Jan 7, 2011 10:18am Jan 7, 2011 10:18am
Quoting cloggie
Failed, not buying this one. We are heading back to the low (2950)

Here she comes, I love these intermediate fakeouts, plenty of noobies get suckered into buying it.
  • #360,824
  • Jan 7, 2011 10:18am Jan 7, 2011 10:18am
Quoting cloggie
Aint' it funny, I am doing the opposite and we are both making money on small scalps. I am buying the rejections of 2950
i was earlier, both ways. . but you got different people with different styles. but if we touch 46 i bet a nut we go to 8082 min.. on one method. but st i target 29047 28736 2791 2749
those who can, do. those who cant, talk about those who can
  • #360,825
  • Jan 7, 2011 10:19am Jan 7, 2011 10:19am
Price going to 1.2900,then 1.2870.
You can buy only if it reach 1.3036,target 1.3072,83.
  • #360,826
  • Jan 7, 2011 10:19am Jan 7, 2011 10:19am
long again 1.2961
  • #360,827
  • Jan 7, 2011 10:20am Jan 7, 2011 10:20am
Quoting cloggie
Not me, am not buying this one.
I see that now
  • #360,828
  • Jan 7, 2011 10:20am Jan 7, 2011 10:20am
Quoting cloggie
The market is itching for a retrace, for two reasons, to take some profit of the table and to reload, the EU fundies (especially Portugal) is preventing that today. That's why the NFP has been a non event.
I will add that ADP overshoot out of the normal deviation on expectation so unemployment rate was already well digested before release today and the less than expected (but still positive) NFP only triggered the consolidation. I agree with the first part of your post.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #360,829
  • Jan 7, 2011 10:21am Jan 7, 2011 10:21am
looooooooooondooooooooooooooon

if london is going south then we might see lower lows i might be wrong
  • #360,830
  • Jan 7, 2011 10:21am Jan 7, 2011 10:21am
Quoting cloggie
Failed, not buying this one. We are heading back to the low (2950)

Quoting cloggie
Here she comes, I love these intermediate fakeouts, plenty of noobies get suckered into buying it.

As planned. Longs are f@cked.
  • #360,831
  • Jan 7, 2011 10:22am Jan 7, 2011 10:22am
I am covering my positions from the 1.33 - 1.34 area @ 2950. Have a good weekend all, don't want to try and scalp this madness :-)
  • #360,832
  • Jan 7, 2011 10:24am Jan 7, 2011 10:24am
we touched 46 so i will sell the top..whatever this pullback from 46 is. a touch of 3014 invalidates. not a scalp unless we get close to 3013.
its a st position.. saying we go here before there.
those who can, do. those who cant, talk about those who can
  • #360,833
  • Jan 7, 2011 10:24am Jan 7, 2011 10:24am
Quoting buonvangvn
long again 1.2961
out - 10 pips
  • #360,834
  • Jan 7, 2011 10:26am Jan 7, 2011 10:26am
SNB No Longer Accepts Portuguese Bonds As Collateral For Repo
LONDON (MNI) – The Swiss National Bank confirmed on Friday market
talk that it is no longer accepts Portuguese bonds as collateral for
repo purposes.
“In principle, the National Bank monitors the ratings of
securities, and when they are downgraded below a certain level by the
rating agencies, they are excluded from the basket” of acceptable
collateral, a spokesman from the central bank explained.
Portugal was downgraded by Fitch on December 23 from AA- to A+.
The SNB announced similar measures for Irish bonds earlier this
week.

www.forexlive.com
  • #360,835
  • Jan 7, 2011 10:26am Jan 7, 2011 10:26am
Quoting T@rantula
Entry: 2982

Target price: 2900

Stop loss: 3020
scaling out...32 pips profit...keeping the other part running,....
  • #360,836
  • Jan 7, 2011 10:28am Jan 7, 2011 10:28am
2 mins to London close, let's see if this has legs.
  • #360,837
  • Jan 7, 2011 10:28am Jan 7, 2011 10:28am
Cloggie, thanks again for the heads up on the way down. Finally took that biatch down from 12977.

I'm flat. Will continue watching this thread for entertainment after London closes. Have a good weekend guys
A pip is only worth it if you know how much you risked to earn it
  • #360,838
  • Jan 7, 2011 10:29am Jan 7, 2011 10:29am
Quoting vlady1974
Cloggie, thanks again for the heads up on the way down. Finally took that biatch down from 12977.

I'm flat. Will continue watching this thread for entertainment after London closes. Have a good weekend guys

No prob, I enjoy a little play by play at times.
  • #360,839
  • Jan 7, 2011 10:29am Jan 7, 2011 10:29am
Quoting cloggie
2 mins to London close, let's see if this has legs.
I hope it doesn't. I am one of the ones fooled to buy at 2952.

Ready to get the heck out of here as soon as I see it keep going down. Luckily, very small position.
  • #360,840
  • Jan 7, 2011 10:30am Jan 7, 2011 10:30am
Quoting cloggie
Here she comes, I love these intermediate fakeouts, plenty of noobies get suckered into buying it.
It's me again.....dem....!!
Good day, I'm okay. Bad day, I'm okay. What's the difference?
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