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  • #447,621
  • May 24, 2011 4:38am May 24, 2011 4:38am
Quoting tsidki
Good morning all,

agree on short but not befor 1.4110-1.4120 but if it close above 1.4130 it will change direction to the 1.42xx area
good luck
This is not the full Position Bro, I start scaling in at my Level
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #447,622
  • May 24, 2011 4:42am May 24, 2011 4:42am
Quoting The
Right now euro is being traded as the german currency, not the eurpoean currency. A little more bad news will remind the market that it's a currency of the whole europe.. Germans are the only factor keeping it strong. I'm short, aiming 3860 as tp. the week is young, we can close this week around .42 but even then next week there will be a reversal i believe. my reason is, there's absolutely no reason for the euro to be this strong... is there?
Granted, the weekly timeframe is very bearish and with Greece in the spotlight, shorts are the order of the day, but... trade what you see, not what you think!

Just remember... this pair is a fight between two ugly sisters, as Cloggie stated on many occasions!
  • #447,623
  • May 24, 2011 4:42am May 24, 2011 4:42am
Hi, what do you think, is Volcano in Island gonna bring some more bearishness to Euro?

Cheers
  • #447,624
  • May 24, 2011 4:44am May 24, 2011 4:44am
Quoting rashygomez
But what I wanna know is, how do you know it's the beginning of the trend?
Bearish engulfing on weekly timeframe, a lower high and a lower low on daily and of course the fundamental news putting Greece back in the spotlight. It is not a question of if, but a question of when Greece will default!
  • #447,625
  • May 24, 2011 4:44am May 24, 2011 4:44am
Quoting rashygomez
But what I wanna know is, how do you know it's the beginning of the trend?
Zoom out to Monthly and Weekly Charts. Look at the tops of each major trend change. You will see close to 1.60 then 1.50, then almost 1.50 of the most recent one. If you are familiar with Elliott Wave, you can eye ball the 1,3,5 uptrend, and 2,4 downtrend for all 3 uptrends. Then put a ICHIMOKU indicator on the DAY CHART, and see that its past the cloud, and the lines have flipped, signalling reversal (this isn't a perfect indicator, but a damn good one).

You then look at the bars around early May that dropped down and a couple prior, those candle signifies a lot of weakness (also means that the market feels that the EUR/USD is overvalued, thus the fall).

Then USD INDEX, and see the reverse in that trend as well. Plus the fundamental bad news of potential EU Debt problems, and you add all that together with a horny official, and stuff like that. Market sentiments will change, and USD will eventually turn its head around.

This is as simple as I can make it.
  • #447,626
  • May 24, 2011 4:45am May 24, 2011 4:45am
Quoting suirad
Hi, what do you think, is Volcano in Island gonna bring some more bearishness to Euro?

Cheers
ALL THİNKS AGAİNTS THE EURO BUT LOOK AT THE TABLE i am realy angry now !! ///
  • #447,627
  • May 24, 2011 4:45am May 24, 2011 4:45am
Oil tenses muscles to shoot up?

Attached Image (click to enlarge)
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  • #447,628
  • May 24, 2011 4:45am May 24, 2011 4:45am
Out at 1,4113...waiting for a move lower to reload or short for good.
COT: The precious data ignored
  • #447,629
  • May 24, 2011 4:45am May 24, 2011 4:45am
Quoting suirad
Hi, what do you think, is Volcano in Island gonna bring some more bearishness to Euro?

Cheers
Iceland my friend and it did last year, albeit briefly before the big run up during the summer months. Also the ash is thicker this time round because of the icecap on the volcano, so the ash cloud should drop quicker into the ocean.
  • #447,630
  • May 24, 2011 4:47am May 24, 2011 4:47am
Quoting T.E.Lawrence
Oil tenses muscles to shoot up?

Attachment
I hope so... to reach my final target! Already scaled out and this is my last runner.

Attached Image (click to enlarge)
Click to Enlarge Name: WTI_Final Target.png Size: 19 KB
  • #447,631
  • May 24, 2011 4:47am May 24, 2011 4:47am
Finallly, decision time now on 1.412x. Not many reports for a choppy move so it will be clean reversal intraday if there is one.

On the FA side, Fed's very dovish comments made dollar weaker across the board. But this looks like a repetition from last month with the hawkish comments. Bullard dovish and Plosser will kick again later. FED definitivly playing the expectation game since last month.

Getting ready to fade the move.

sisse

PS: btw, well done kuroro
Pending conversations? PM for a chat...I am mainly in OTM now
  • #447,632
  • May 24, 2011 4:49am May 24, 2011 4:49am
I am out of here... wish you all success with your trading!
  • #447,633
  • May 24, 2011 4:50am May 24, 2011 4:50am
Quoting Kanunsuz
ALL THİNKS AGAİNTS THE EURO BUT LOOK AT THE TABLE i am realy angry now !! ///
hehe, i think FOR euro, i'm long @ 1.4003.
  • #447,634
  • May 24, 2011 4:50am May 24, 2011 4:50am
Quoting sisse
Finallly, decision time now on 1.412x. Not many reports for a choppy move so it will be clean reversal intraday if there is one.

On the FA side, Fed's very dovish comments made dollar weaker across the board. But this looks like a repetition from last month with the hawkish comments. Bullard dovish and Plosser will kick again later. FED definitivly playing the expectation game since last month.

Getting ready to fade the move.

sisse

PS: btw, well done kuroro
I agree with you. All this upmove is a correction and there is no impulse in it.
  • #447,635
  • May 24, 2011 4:50am May 24, 2011 4:50am
Quoting bbakker
I hope so... to reach my final target! Already scaled out and this is my last runner.

Attachment
You trade oil? What platform/broker?
  • #447,636
  • May 24, 2011 4:52am May 24, 2011 4:52am
My ladies getting ready to fall, soon my lovelies
If you are new to Forex? Say Goodbye to your account!!
  • #447,637
  • May 24, 2011 4:56am May 24, 2011 4:56am
good morning guys
Hero calls followed by margin calls...
  • #447,638
  • May 24, 2011 4:57am May 24, 2011 4:57am
Quoting KiwiTrada
My ladies getting ready to fall, soon my lovelies
Need oil to be fake north break
If you are new to Forex? Say Goodbye to your account!!
  • #447,639
  • May 24, 2011 4:57am May 24, 2011 4:57am
adjusted me pending to
1.4130 sl1.4155 tp 1.3980
as it's still have some room to go up i think
good luck
  • #447,640
  • May 24, 2011 4:59am May 24, 2011 4:59am
Quoting 4xmaker
Zoom out to Monthly and Weekly Charts. Look at the tops of each major trend change. You will see close to 1.60 then 1.50, then almost 1.50 of the most recent one. If you are familiar with Elliott Wave, you can eye ball the 1,3,5 uptrend, and 2,4 downtrend for all 3 uptrends. Then put a ICHIMOKU indicator on the DAY CHART, and see that its past the cloud, and the lines have flipped, signalling reversal (this isn't a perfect indicator, but a damn good one).

You then look at the bars around early May that dropped down and a couple prior, those candle...
I have never used the ichi indicator, is it really that powerful?
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