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EURUSD

  • #436,721
  • May 5, 2011 2:28pm May 5, 2011 2:28pm
had a good day?

Our strong support discussed yesterday really weren't that strong now were they

Quoting RamsesII
I really hope it hits 1.4480 to the pip and wipes that dude out and reverses. Call me an asshole if you want.
  • #436,722
  • May 5, 2011 2:28pm May 5, 2011 2:28pm
Quoting PayTheLimit
noted...
Think that could be a possibility PTL?
  • #436,723
  • May 5, 2011 2:29pm May 5, 2011 2:29pm
Quoting infinitus
Better take a SL under 4465
Infinitus: Too much to risk: I dont mind being wrong - but not too wrong
  • #436,724
  • May 5, 2011 2:29pm May 5, 2011 2:29pm
Are we we having a H4 SR here? Have one at 1.4504. And dont worry not going long

Quoting cloggie
It will. There have been 100's of idiots here today who have no clue how to trade. I love 400 pips days, it brings out the biggest muppets. Lots of cannonfodder and addons for the Iggy list.
  • #436,725
  • May 5, 2011 2:29pm May 5, 2011 2:29pm
Quoting pkimnyc
don't be surprised if euro attempts another high and then drop.
Hi PK,

right, will not surprise me. It is in the cards too. But likelihood right now is in favor of "the top is in" for me right now.

But who can say with high confidence. Since weeks we see a corrective mess to the upper side. That leaves normally multiple options.
  • #436,726
  • May 5, 2011 2:30pm May 5, 2011 2:30pm
OMG eu hit 1.4500 time to buy JUST BECAUSE

For my new and hot JUST BECAUSE SYSTEM...... (100% LOSSES GURANTEED)

Please send cheque in the mail to ....

lol ..of course I hope you all recognize this as a joke
Blogging daily now at www.volume.zone
  • #436,727
  • May 5, 2011 2:30pm May 5, 2011 2:30pm
btw:

So - it means that this oil rally is copying previous one with same patterns. That said - we are going up in oil from next week up to 108, next week back to 100 etc - see black circle:



I believe eur will retrace to 1.4 following week or two and then will rally along with oil. Exciting about following trades cause we gonna see a lot of price action!
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  • #436,728
  • May 5, 2011 2:30pm May 5, 2011 2:30pm
Quoting PipChick
Think that could be a possibility PTL?
sure, but there is some serious damage done here, I mean 400 pips is nothing to sneeze at, it will take some time to develop, weeks even.
Look Sharp/Trade Tight
  • #436,729
  • May 5, 2011 2:30pm May 5, 2011 2:30pm
Quoting samdani786
Hey bro ur not the only one , I missed it too . We will catch it later
there's always another trade.
  • #436,730
  • May 5, 2011 2:30pm May 5, 2011 2:30pm
Quoting mab41487
Im maxed out with longs this thing HAS to go up before 4480 to avoid margin call. PURE GAMBLE. but if it works out i just may make 20k with an 8k account. if we get to 5100 before we get to 4480. If i lose ill put 5k in and trade using my rules.... if i win ill trade using my rules. no gambling after this but im in a dont give a fuck mood
this
Don't have an ego. Always question yourself and your ability.
  • #436,731
  • May 5, 2011 2:31pm May 5, 2011 2:31pm
Quoting malcolmb14
OMG eu hit 1.4500 time to buy JUST BECAUSE

For my new and hot JUST BECAUSE SYSTEM...... (100% LOSSES GURANTEED)

Please send cheque in the mail to ....

lol ..of course I hope you all recognize this as a joke

WE have had dozens and dozens here posting longs every 10-20 pips all day long.

Found myself loads of entries for the Iggylist.
  • #436,732
  • May 5, 2011 2:32pm May 5, 2011 2:32pm
Quoting Hda
Samdani786: I shouldnt be trading if Im not willing to risk some pips to make pips. Entry: 1.4520 S/L 1.4480

If I lose - I tried, If I gain, I tried.

Lets see what happens
Thats the spirit . We all lose. Win and lose is a part of this game. Thing is how much you learn from it .
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #436,733
  • May 5, 2011 2:33pm May 5, 2011 2:33pm
Quoting PipChick
Think that could be a possibility PTL?
PipChick: I try sometimes
  • #436,734
  • May 5, 2011 2:34pm May 5, 2011 2:34pm
This 4517 area was strong resistance now support so we may just bounce here.So Hda, you may be right on that entry
  • #436,735
  • May 5, 2011 2:34pm May 5, 2011 2:34pm
Largest daily range of the year...today
Look Sharp/Trade Tight
  • #436,736
  • May 5, 2011 2:34pm May 5, 2011 2:34pm
Quoting Hda
Infinitus: Too much to risk: I dont mind being wrong - but not too wrong
Yeah, with such a huge SL one has to reduce position size.

Tempted to jump in here too (long), but think 4465 (or 4467 as Cloggie told) could be kind of magnetic :-)
  • #436,737
  • May 5, 2011 2:35pm May 5, 2011 2:35pm
theory on today.

they decide to raise margin requirements, for gold and silver to bail out JP morgan that was short bailing out the dollar.

silver and gold plummet, everyone panics and thinks "oh my god, the bubble has burst get out!!!!" prices driven lower, oil also below $100.00
so conversely USD strengthens

all majors of course react to the tune of the dollar, euro was holding on, but alas falls big time, the cable still falling, the aussy down it continues.(thats the falling knife im trying to catch at this momment)

all majors down on dollar strength 74.19 is the USDX at this momment.
this strength looks like amazing demand for the USD, everything all of a sudden seems well for the dollar

however job less claims jumped this morning
lets not forget bernanke's shaky voice, (i think he had this up his sleeve the margin thing, inflation is transitory)
may 16th debt ceiling will have to be reached.
US debt getting harder to sell, s&p and other agencies questioning ability to pay back.

so this looks like an unsustainable move, panic fueled.

do you really think the dollar will continue strengthening?
silver and gold are now dead and the king dollar is back stable as ever?
AVT INVENIAM VIAM AVT FACIAM
  • #436,738
  • May 5, 2011 2:35pm May 5, 2011 2:35pm
Quoting PipChick
Awww youre so sweet
PipChick: I try sometimes - Sorry I responded to the wrong message.
  • #436,739
  • May 5, 2011 2:36pm May 5, 2011 2:36pm
So here goes ....

I am neither a bull or a bear but sometimes , for no appraent reason, the market does odd things. Like oil dropping 10% in a day tanking eu 400 pip

I know there maybe calls to 1.4 , 1.35 and hell maybe even 0.8.

BUT reality is sometimes the professional market likes to shake the markets out a little. Get rid of the longs , entice all the bears, make muppets on ff give 0.8 eu targets , who knows. ...

BUT on days like today keep an open mind for tomorrow. I have seen moves like this reversed and some.....

Try not to be biased ...and for heaven sake at least wait for a higher close on a 2 hour chart before trying to take along.... your 1 mini against JPs billions ... who will win?
Blogging daily now at www.volume.zone
  • #436,740
  • May 5, 2011 2:37pm May 5, 2011 2:37pm
Quoting PipChick
This 4517 area was strong resistance now support so we may just bounce here.So Hda, you may be right on that entry
Looks more like a small ABC flat correction to the upside. I will wait.....
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