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  • #565,481
  • Nov 23, 2011 1:16pm Nov 23, 2011 1:16pm
I started new "risky" long @1.3325 with TP profit @ 1.3425 (100 pips) and stop loss @ 1.3255 .. I think it will be correction day tomorrow for the pair before it continue its down fall..this deal would be closed with Aisa session open if the trend break the first support at 1.3272
  • #565,482
  • Nov 23, 2011 1:21pm Nov 23, 2011 1:21pm
Quoting fx_master
I started new "risky" long @1.3325 with TP profit @ 1.3425 (100 pips) and stop loss @ 1.3255 .. I think it will be correction day tomorrow for the pair before it continue its down fall..this deal would be closed with Aisa session open if the trend break the first support at 1.3272
same boat then ...
  • #565,483
  • Nov 23, 2011 1:22pm Nov 23, 2011 1:22pm
Quoting fx_master
I started new "risky" long @1.3325 with TP profit @ 1.3425 (100 pips) and stop loss @ 1.3255 .. I think it will be correction day tomorrow for the pair before it continue its down fall..this deal would be closed with Aisa session open if the trend break the first support at 1.3272
I don't see a supply at 1.3425. your better option would be to aim for 1.3400 or so as there was a consolidation there.
  • #565,484
  • Nov 23, 2011 1:24pm Nov 23, 2011 1:24pm
Quoting Pipbumper
same boat then ...
yes, but take care, don't assign any Take profit higer than 1.3514 at this stage. .. don't ask me why.. you are free to take it or leave it..
  • #565,485
  • Nov 23, 2011 1:27pm Nov 23, 2011 1:27pm
Run long @ 1.3324 with trailing stop.
But still have two buy limits @1.3308 and @1.3275.
  • #565,486
  • Nov 23, 2011 1:28pm Nov 23, 2011 1:28pm
Quoting fx_master
yes, but take care, don't assign any Take profit higer than 1.3514 at this stage. .. don't ask me why.. you are free to take it or leave it..
I'm looking for 1.3475 to 1.3490 next week, but I agree, I think any Euro rallies will be capped in the lows to mid 1.350 area, I just think we'll get a relief rally next week, DOW has been since 6 of the last 7 sessions, and Santa Claus is coming in December, the DOW is down for the year now, I think it will end up flat to positive a few percentage points, however, come January, I think the Euro and the World Economy are toast.
Yay! Pips for everyone!
  • #565,487
  • Nov 23, 2011 1:34pm Nov 23, 2011 1:34pm
bear momentum slowing down - stochastic divergence, price may stall there for a while or go up a bit.
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As Above, So Below
  • #565,488
  • Nov 23, 2011 1:42pm Nov 23, 2011 1:42pm
Quoting tashkent
bear momentum slowing down - stochastic divergence, price may stall there for a while or go up a bit.
Despite all the negative FA news today, major reason we're down is because US traders don't want market exposure over Thanksgiving, won't be able to defend themselves, so they're selling it down and the Euro is really getting dragged down with it, I think next week they'll be buying back those positions.
Yay! Pips for everyone!
  • #565,489
  • Nov 23, 2011 1:49pm Nov 23, 2011 1:49pm
Hey guys, i am at my office now so i cannot download a software to watch soccer. Anyone know which website i can watch the game AC Milan vs Barcelona? Thanks a lot
  • #565,490
  • Nov 23, 2011 1:52pm Nov 23, 2011 1:52pm
1.3330 ed long..
  • #565,491
  • Nov 23, 2011 1:52pm Nov 23, 2011 1:52pm
4h:
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  • #565,492
  • Nov 23, 2011 1:53pm Nov 23, 2011 1:53pm
i like pip trappers methods (i think he borrowed from me lol )

scale in in parts, dont commit with those longs, thanks giving theory might be a reason for the sell off but the correction technically speaking should have been today.

anyway, if the market is showing you so much bearish sentiment, especially the COT reports they are heavily bearish, so usually if everyone who had a reason to sell already sold and corrections like the 1.42 happens.

now for those traders that cannot seem to get anything right, i suggest you work with the odds on your favor

wait for those corrections to the upside, when they stop topping then you enter with a small sell, as the market continues to go down you can be more agressive with your shorts.

this would be with odds on your favor.
AVT INVENIAM VIAM AVT FACIAM
  • #565,493
  • Nov 23, 2011 1:54pm Nov 23, 2011 1:54pm
Aslong as low holds at 31x, we should be going to 1.5 I think
  • #565,494
  • Nov 23, 2011 1:56pm Nov 23, 2011 1:56pm
Quoting sidhujag
Aslong as low holds at 31x, we should be going to 1.5 I think
damn that is a long term prediction.

do you care to explain why? on what basis should this 1.50 be hit?
AVT INVENIAM VIAM AVT FACIAM
  • #565,495
  • Nov 23, 2011 1:59pm Nov 23, 2011 1:59pm
Well FA says it goes down, and alot of people are drawing similarities to 2008, but history likes to throw in wrenches before repeating. If you look at EU 2008 you can see that yea when the low was broken it fell hard, but there was an attempt around july 2008 which started to create a big W eventually triggering off the massive selloff. IT will happen when retailers are on the wrong side, right now alot of people have open sell positions at the top that the market won't stand for if it is to fall. When it does fall it will probably be double the size of 2008, as gator says.
  • #565,496
  • Nov 23, 2011 2:03pm Nov 23, 2011 2:03pm
Quoting FX Babie
i like your thinking ..especially if that 4hr wedge works out 1.4 is on the cards
sure... if you call it a wedge. lol
  • #565,497
  • Nov 23, 2011 2:03pm Nov 23, 2011 2:03pm
Quoting screwup
Thx... have a nice day
Your nick itself says that you screw up all your life
  • #565,498
  • Nov 23, 2011 2:07pm Nov 23, 2011 2:07pm
Quoting pkimnyc
sure... if you call it a wedge. lol
I think she's a new trader and market usually moves opposite as she analyzed... that probably gives us a hint that EU will not be able to reach 1.4000 by the end of this year therefore any up to 3750-3850 should be a good opportunity to short for a mid-term move.
  • #565,499
  • Nov 23, 2011 2:23pm Nov 23, 2011 2:23pm
Quoting Yuchen
Hey guys, i am at my office now so i cannot download a software to watch soccer. Anyone know which website i can watch the game AC Milan vs Barcelona? Thanks a lot
try adthe.net
regards
  • #565,500
  • Nov 23, 2011 2:31pm Nov 23, 2011 2:31pm
Sorry for my question, but I haven't found any information about it. Will EUR/USD be opened for tomorrow? Is the Thanksgiving affects anything? Thank you!
Bear the bull's consequence...
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