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EURUSD

  • #482,361
  • Jul 7, 2011 2:18am Jul 7, 2011 2:18am
Quoting Barata
No surrender, no chances of retreat!
Hope youre right. Really looking to get some action round 1.4229 ex S/R level and my TP for today...
  • #482,362
  • Jul 7, 2011 2:19am Jul 7, 2011 2:19am
looking for 4279 first...if we break, will bid on some there..
Look Sharp/Trade Tight
  • #482,363
  • Jul 7, 2011 2:20am Jul 7, 2011 2:20am
Quoting sisse
for pre ECB? so you are bull for the real move there. Don't disagree but need some TA before. Only H4 is starting to turn around but not yet in the right daily chart level....

Well there is so many key reports in that 2 hours that a few coffees and a nap before will be a good idea.... In any case, I didn't like the close yesterday, it left the door wide open for a final assault 1.428x but not a clear mark on the pullback rally (in simple words opened the doors for sharps move down and up before deciding the real direction).... we'll chat later...
nono sisse.... i talked about playing and trading a narrow range . buy low sell high , stops right below/above prev lows/highs....

i expect some nice dip before ecb to bring it back up later again with the rate hike...anyway should be priced in ...

a serious german newspaper published an article yesterday that further rate hikes this year ( up to 2,0 % ) are possible and certain.

lets c

will be trickie today imho
Hero calls followed by margin calls...
  • #482,364
  • Jul 7, 2011 2:20am Jul 7, 2011 2:20am
ur gonna b ok ptl
  • #482,365
  • Jul 7, 2011 2:21am Jul 7, 2011 2:21am
Nah tanking again all on a sudden ! more like a serious news effects or manipulation , may be very thirsty too . anyway will wait again .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #482,366
  • Jul 7, 2011 2:21am Jul 7, 2011 2:21am
orange has been sticky, but I'm betting we at least get another probe under it...
Attached Image (click to enlarge)
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Look Sharp/Trade Tight
  • #482,367
  • Jul 7, 2011 2:22am Jul 7, 2011 2:22am
Quoting amarfx
Strong Sell of Zone in EURUSD @ 1.4340 trigger below 4310 is sucidal drop evident....cautions advised
Bulls are forewarned very well today enjoy bear ride
  • #482,368
  • Jul 7, 2011 2:22am Jul 7, 2011 2:22am
Quoting PayTheLimit
made the pickle bigger...sold them where I should of in the first place..
Hero calls followed by margin calls...
  • #482,369
  • Jul 7, 2011 2:24am Jul 7, 2011 2:24am
4257/58 would make me flat...
Look Sharp/Trade Tight
  • #482,370
  • Jul 7, 2011 2:25am Jul 7, 2011 2:25am
got 40pips

Quoting khizer
tp change to 43
Originally Posted by khizer http://www.forexfactory.com/images/buttons/viewpost.gif
for short entry in e/u
434 is better, target 432 , stop 436
Trade what you see, Not what you think.
  • #482,371
  • Jul 7, 2011 2:25am Jul 7, 2011 2:25am
I've been reading this forum for some time now and one thing is clear... even if we look at the same chart using the same indicators etc., we still interpret it very differently - why? because of that strange thing called emotion! "I will defend my money no matter what" - madness!

I also jumped on the band-wagon years ago with the illusion of making mega-bucks in a short period, but fortunately I got a wake-up call that was not too expensive - LOL. Took a step back, well... a few steps back, and decided to lay-off for a while, read more, practice more and learn from the experiences of others.

Today I use indicators as a guide only, don't trade blindly and execute one trade at a time - and I managed to cut out emotions (don't sit and watch whole day). But it's like CLOGGIE states, find your own trading style that works for you.

Went short @ 1.44208 on 29/6 - you're seeing right, did not panic - now the trade is profitable.
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a journey of a thousand trades begins with a single pip
  • #482,372
  • Jul 7, 2011 2:26am Jul 7, 2011 2:26am
Quoting PayTheLimit
4257/58 would make me flat...
and probably rich...lol ..
Hero calls followed by margin calls...
  • #482,373
  • Jul 7, 2011 2:27am Jul 7, 2011 2:27am
I asked yesterday if anybody would expect a move up wih ECB rate hike...
I think the market has already PRICED the probability of today's ECB 25 bps interest rate hike (upside trend-line break on the 3-month Euribor rate).

what do u think?
Quoting PhAnTi'
nono sisse.... i talked about playing and trading a narrow range . buy low sell high , stops right below/above prev lows/highs....

i expect some nice dip before ecb to bring it back up later again with the rate hike...anyway should be priced in ...

a serious german newspaper published an article yesterday that further rate hikes this year ( up to 2,0 % ) are possible and certain.

lets c

will be trickie today imho
  • #482,374
  • Jul 7, 2011 2:30am Jul 7, 2011 2:30am
ok.. seems we're coming out of consolidation now.. we will have to see what happpens on the next candle.
  • #482,375
  • Jul 7, 2011 2:32am Jul 7, 2011 2:32am
Quoting BrunargarFx
I asked yesterday if anybody would expect a move up wih ECB rate hike...
I think the market has already PRICED the probability of today's ECB 25 bps interest rate hike (upside trend-line break on the 3-month Euribor rate).

what do u think?
nothing is priced in to 100 % in my humble opinion....cause you can't be sure with forecasts .... we always will see some pips up when they hike the rates even if we expected it days ago because we do have some kind of final a confirmation....

trickie thing is if they gonna raise them from 0,25 to 0,75 % .... this will have a huge impact and we might rally for another 200-300 pips upwards...

all over rate hike forecasts are usually pretty safe....

Lets c...
Hero calls followed by margin calls...
  • #482,376
  • Jul 7, 2011 2:32am Jul 7, 2011 2:32am
that was good signal for a downward bias.. this is a good time to scalp some
  • #482,377
  • Jul 7, 2011 2:33am Jul 7, 2011 2:33am
Quoting BrunargarFx
I asked yesterday if anybody would expect a move up wih ECB rate hike...
I think the market has already PRICED the probability of today's ECB 25 bps interest rate hike (upside trend-line break on the 3-month Euribor rate).

what do u think?
I think they're trying to price in a rate cut
  • #482,378
  • Jul 7, 2011 2:33am Jul 7, 2011 2:33am
Quoting PhAnTi'
nono sisse.... i talked about playing and trading a narrow range . buy low sell high , stops right below/above prev lows/highs....

i expect some nice dip before ecb to bring it back up later again with the rate hike...anyway should be priced in ...

a serious german newspaper published an article yesterday that further rate hikes this year ( up to 2,0 % ) are possible and certain.

lets c

will be trickie today imho
I see.

Sure the current (the one today) hike is already priced in (except for an overshoot that I doubt) what we are looking is for the next one and when, thats all.

But there is the key issue on the ECB having collateral requirements for Greece and Portugal if they are both already downgraded to junk status and how the whole sustainability of the ECB balance sheet is in play...there are some (FT and WSJ) even saying that Trichet can pull the plug in Greece and FINALLY openly declaring default will be a done deal in hours and the ball will be back to the politicians in Germany and France (meaning panic again)...

At the same time we have ADP and Claims in the US..... so a mess later.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #482,379
  • Jul 7, 2011 2:34am Jul 7, 2011 2:34am
Quoting PhAnTi'
nothing is priced in to 100 % in my humble opinion....cause you can't be sure with forecasts .... we always will see some pips up when they hike the rates even if we expected it days ago because we do have some kind of final a confirmation....

trickie thing is if they gonna raise them from 0,25 to 0,75 % .... this will have a huge impact and we might rally for another 200-300 pips upwards...

all over rate hike forecasts are usually pretty safe....

Lets c...
exactly

well said

especially in situations like this where most of the attention will be on the speech rather than the release( unless they suprise us with 50-75bp)
  • #482,380
  • Jul 7, 2011 2:34am Jul 7, 2011 2:34am
Quoting PayTheLimit
made the pickle bigger...sold them where I should of in the first place..
Morning.
Very nice trade PTL

I have lost my confidence in me. Have not been trading since once upon a time...
RichieEU
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