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  • #433,601
  • May 3, 2011 3:12am May 3, 2011 3:12am
loading short
  • #433,602
  • May 3, 2011 3:12am May 3, 2011 3:12am
so i see my .480 was bashed and tp1 basically hit...now am looking to catch that fall further to 470...but 4770 might hold as sort of support...lets see...
Guard your pips jelously
  • #433,603
  • May 3, 2011 3:13am May 3, 2011 3:13am
Another raise in silver margin for today .

The to big to fails are certainly trying to put pressure on to protect there short position ,I'd say watch for fireworks if it gets through $50
making green pips large and red pips small this is my goal.
  • #433,604
  • May 3, 2011 3:13am May 3, 2011 3:13am
Quoting wormboy
4735 level is pivotal. It's a biggie. Good luck!

looking at the charts ' first target is around 4640 but if this doesn't jump from there then its a retest of 1.451 again ' it looks like we are going to retrace big this time " as a upper TL is blocking further moves north ? some key levels are 4760 ' 4740 '4710 and 4640
finding A M S
  • #433,605
  • May 3, 2011 3:14am May 3, 2011 3:14am
Quoting Larseg
The best thing is that shakeout is made by muppets...
Didn't know the muppets where such a force...lol
Look Sharp/Trade Tight
  • #433,606
  • May 3, 2011 3:14am May 3, 2011 3:14am
after so many bank holidays, europe is trying to catch up with the moves. Reloading short @ 4760
  • #433,607
  • May 3, 2011 3:14am May 3, 2011 3:14am
Unicredit:

· GR: Yesterday, breaking ranks at the ECB, Wellink seemingly opened up to the possibility of a Greek debt restructuring involving a lengthening of the maturities (but ruling out haircuts).
  • #433,608
  • May 3, 2011 3:15am May 3, 2011 3:15am
closed all long positions priced moved down into the 1.47500's below the perseived support if price holds a correction is indeed underway 1 lot open sell order will average down accordingly
AVT INVENIAM VIAM AVT FACIAM
  • #433,609
  • May 3, 2011 3:15am May 3, 2011 3:15am
Quoting PayTheLimit
Didn't know the muppets where such a force...lol
Hehe, bad wording... Sharks know how to fuck them over and hence this will happen...

What happen? The euro just got cheap, now... is it expensive or cheap....
  • #433,610
  • May 3, 2011 3:16am May 3, 2011 3:16am
Quoting Larseg
Hehe, bad wording... Sharks know how to fuck them over and hence this will happen...

What happen? The euro just got cheap, now... is it expensive or cheap....
lol, cheap on the 5min, expensive on the weekly....
Look Sharp/Trade Tight
  • #433,611
  • May 3, 2011 3:19am May 3, 2011 3:19am
Quoting prashant7
looking at the charts ' first target is around 4640 but if this doesn't jump from there then its a retest of 1.451 again ' it looks like we are going to retrace big this time " as a upper TL is blocking further moves north ? some key levels are 4760 ' 4740 '4710 and 4640
Well sure 4640 IF, price clears 4735 level. I don't assume my friend, sure the i/d trend atm is bearish but the intermediate trend stays bullish while price is trading above the W1 pivot. So, imo having 4735 as a potential tp was modest & doable.

By the way, they are not key levels if they're only 20, 30 pips apart from each other
Thank You
  • #433,612
  • May 3, 2011 3:19am May 3, 2011 3:19am
Quoting Larseg
Hehe, bad wording... Sharks know how to fuck them over and hence this will happen...

What happen? The euro just got cheap, now... is it expensive or cheap....

whats going on now is either

corrective wave is underway in which selling pressure will drive the euro lower,

or this is low in the range in which the market will bounce back to the 1.4900s as its been doing.

however this time selling pressure seems to be stronger and the key is if it holds or not at this low and drives lower then indeed confirmation of correction
and if price gets rejected stalls and revisits the 1.47600's but continues to be rejected of that level then indeed we are moving up
AVT INVENIAM VIAM AVT FACIAM
  • #433,613
  • May 3, 2011 3:20am May 3, 2011 3:20am
Quoting PayTheLimit
lol, cheap on the 5min, expensive on the weekly....
Ill leave it down here, see you in a couple of hours... Just trading confirmed trends and this is just giving me diarrhea...
  • #433,614
  • May 3, 2011 3:22am May 3, 2011 3:22am
Quoting Larseg
Ill leave it down here, see you in a couple of hours... Just trading confirmed trends and this is just giving me diarrhea...

check ya later, good luck with..the diarrhea...
Look Sharp/Trade Tight
  • #433,615
  • May 3, 2011 3:22am May 3, 2011 3:22am
Quoting Julexo
sold @ target 4750
Well done my friend, right on the money
Go enjoy life & come back tomorrow, you already got paid!
Thank You
  • #433,616
  • May 3, 2011 3:24am May 3, 2011 3:24am
So it back again , ok as bear pattern if it breaks down with full power or to utl again . usdx likewise at top of the bear d point , if doing as per or trying conconvert bear into real bull , all going opposite it should . situation getting more hostile than thought , muscle power to win or not in this century still ! stay aside if possible before done .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #433,617
  • May 3, 2011 3:25am May 3, 2011 3:25am
they are the key levels for intraday ' and price can turn north by touching these levels ' that was my point ' any ways we will see how it reacts to these levels ? but looking at the daily and h4 charts i think one more rejection is needed to retrace deeper ' what do you feel '


Quoting wormboy
Well sure 4640 IF, price clears 4735 level. I don't

assume my friend, sure the i/d trend atm is bearish but the intermediate trend stays bullish while price is trading above the W1 pivot. So, imo having 4735 as a potential tp was modest & doable.

By the way, they are not key levels if they're only 20, 30 pips apart from each other
finding A M S
  • #433,618
  • May 3, 2011 3:30am May 3, 2011 3:30am
Hey all,

Nice to see we're still ranging...
Trends, breakouts, price action.
  • #433,619
  • May 3, 2011 3:32am May 3, 2011 3:32am
Quoting Kole106
Traders hunt sitting ducks. You can see some move down. And when stops are taken out, traders push market up.

Regarding the stop at 1,4760 I mentioned.

Here is how it is played.

When traders are close to their custy book stops they will push to collect stops (cheep money). Mkt will move 10-15 pips below stops and then they start pushing mkt in opposite direction. You can aim for 20-30 pips.
  • #433,620
  • May 3, 2011 3:33am May 3, 2011 3:33am
Closed short open long position there is a 31 pip rejection of the lowest price of 1.47531 seems that market will permit further appreciation of eur/usd, the corrective wave is rejected for the time being and will ride the upward impulse wave if price so permits. I believe this to be my final analysis however if i am to be wrong in this observation then it is safe to say that i need to get out of the market and possibly catch some sleep, fight the battle another day as i cannot continue to turn positions at a loss as small as they might be
AVT INVENIAM VIAM AVT FACIAM
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