Make sure to watch the two Antipodean crosses, AUD/USD and NZD/USD for a break of the Monday pinbars, if we see that - things could get ugly.
DislikedMake sure to watch the two Antipodean crosses, AUD/USD and NZD/USD for a break of the Monday pinbars, if we see that - things could get ugly.Ignored
DislikedTalk about not giving up......geez......could be a counter trend trade I suppose. I am more interested in selling once the rally would show weakness......or a break of the lows......Ignored
DislikedWhy they pushing it to go Up!! Could b ECB buying?
Looks like London when open will take it more Up like yesterday
Very possible 1.3750 maybe 1.38Ignored
DislikedThere's a vote today in Berlin on the proposed European Financial Stability Facility or "E.F.S.F.". It's front page financial news... Check-it-out.
If it passes, then I'm afraid that will only hasten the Euro's collapse (at least as we know it today) though in the short-run it would appear positive. I mean Greece hasn't officially defaulted yet, along with the other P.I.I.G.S., but if/when they do then this facility won't be there for them. It will be there for the Germans and the new EMU i.e. without P.I.I.G.S. or a number of...Ignored
DislikedYeah, it passed, and I don' think it matter over the longer-term. After all, these politicians have to be reelected. And my guess is a lot of them won't be from what I am hearing out of my friends in Wurzburg and Dresden.Ignored
DislikedHi Chris and everyone else,
Just wanted to know how you trail your stops if you have placed more than one order on the same currency pair? say, if I have 2 (or more) orders placed and want to lock in some profit after pair has moved in my favor would it be wise to have different stop loss points for each order or I can have them at the same level?
does having first order's stop loss a bit further compared to the orders that were placed later make any sense (hence giving more room to continue as on the first trade I have more pips)?
DislikedI'd believe it... Still I should be careful with Euro breakdown talk, if for no other reason than I'm hearing it a little too much for comfort on the major news and publications nowadays. It wouldn't take much to sucker people in the wrong way on a trade... Gold comes to mind as a recent example.
The simple fact is we now obviously have a sizable order block sub-1.35, which could prop this pair up for a stint. The way price ripped outta'there last night is making me seriously consider short-covering if it returns. It may go into the 1.34s, but...Ignored
I still think the EUR/USD falls, but you are correct, it could bounce. If that support zone under 1.35 gives way - this thing craters in my opinion. But it is obviously going to take something special to do it.Ignored
DislikedInteresting the the EU daily and 4H bars both closed lower than the previous lows. Here's hoping it means further southbound action.Ignored
DislikedGood ISM number in the am in America. Look for that bit of a bounce in riskier assets today, followed by more shorting opportunities. I am looking at selling EUR/USD from higher levels than present. I will probably check prices after I go to the beach for a bit......
USD/CAD looks like 1.05 is going to be decent resistance. No big surprise really....its a big figure, and traders like those. This should only be a pullback and a chance to buy at lower number. Watch oil, once we can stay below $80 in the Light Sweet Crude market for a reasonable...Ignored
DislikedGood thing I am not the jealous type...
Looks awesome. If there was ever a better advertisement to why we are in this business...you can be there and STILL be in the markets, not that you'd want to beIgnored
DislikedI see oil working its way down to 70...Ignored