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  • #574,221
  • Dec 13, 2011 12:09pm Dec 13, 2011 12:09pm
Quoting MaxDoom
New TL on M5 :nerd:
Yes, right now intersects the one from 6:15EST this morning (very low TF chartline).

Don't think it'll breach either just now because the rat has a new(bie) stop meal below; probably from a bunch of faders who thought that little fillip from 3067 to 3085 was a trade-able "trend reversal".
  • #574,222
  • Dec 13, 2011 12:09pm Dec 13, 2011 12:09pm
Going to be doubling my lot size on my short position every night this week (before European).

I'm aiming for a 400% account increase by the time we're done with this drop.
  • #574,223
  • Dec 13, 2011 12:12pm Dec 13, 2011 12:12pm
Quoting Abelleta
And. What about this fibbo retracement on D1?

true

Breaking this level with power and we will move to low of next year around 1,2615 and later on move again back in 1,3XXX till 2Q.
  • #574,224
  • Dec 13, 2011 12:12pm Dec 13, 2011 12:12pm
Quoting Tellerton
Yes, right now intersects the one from 6:15EST this morning (very low TF chartline).

Don't think it'll breach either just now because the rat has a new(bie) stop meal below; probably from a bunch of faders who thought that little fillip from 3067 to 3085 was a trade-able "trend reversal".

lol and busted
  • #574,225
  • Dec 13, 2011 12:14pm Dec 13, 2011 12:14pm
Quoting MaxDoom
lol and busted
Oh-oh! Mr. Market just rewarded some of those faders. (price just spiked to 3097)

Maybe he's trying to say the rat is really a good guy! ...better be careful what I say!
  • #574,226
  • Dec 13, 2011 12:15pm Dec 13, 2011 12:15pm
Quoting Motion
1.2000??? It's nice to know or think Euro does not have any solutions but you also have to consider the fact two currencies are involved in pair. It takes a sell or euro and purchase of dollar to make the fiber tank. Forget about your charts right now. Take a new perspective. The market sentiment on the fiber right now is sooo bearish. The commitment of traders post Retail traders heavily short the Euro. Something just doesn't feel right. The US core retail sales posted a heavy depreciation causing a big surprise and shock to investors. The retail...
Thank you for share your opinion. Very good explanation. I don't plan to short on that because I don't like the long term trading. I thought 1.20 is possible like in 6 months to one year. Cheers to you.
  • #574,227
  • Dec 13, 2011 12:16pm Dec 13, 2011 12:16pm
Quoting bfis108137
2.) IMHO if we get negative USD news in the FOMC we could see a big jump. This is simply because we have gone down a long way very fast and while there are still lots of bears (I think everyone is a bear), all day traders are looking for a correction and if the FOMC gives the reason then they will take it.

I'd say it's pretty dangerous to invest in that kind of fundamental logic. Anything dovish from the FOMC has always resulted in risk aversion. It's counterintuitive to think otherwise.

Either way, I don't really care. Negative US news almost certainly means yen strength.
  • #574,228
  • Dec 13, 2011 12:17pm Dec 13, 2011 12:17pm
Quoting DeafPipster
I thought 1.20 is possible like in 6 months to one year. Cheers to you.
Look at what the euro did in 2010, after its debt crisis first entered the spotlight.

1.2000 is possible in six weeks, not months, especially now with the hail mary meeting having failed to produce anything beyond what was expected.
  • #574,229
  • Dec 13, 2011 12:19pm Dec 13, 2011 12:19pm
Quoting bfis108137
1.) Whoever says that the euro declining is a bad thing and that the ECB will come to save the euro is badly mistaken. The ECB is worried about inflation and economic growth etc. A declining Euro is in the best interests of Europe. Sure it means that a trip to the Bahamas will be more expensive but it also means European products will be cheaper which will increase exports. So a cheaper Euro is exactly what it needs.

2.) IMHO if we get negative USD news in the FOMC we could see a big jump. This is simply because we have gone down a long way...
Europeans are too lazy to produces anything. They rather buy stuff cheap and sell them high. Its what my uncle told me.
  • #574,230
  • Dec 13, 2011 12:22pm Dec 13, 2011 12:22pm
Quoting DeafPipster
Europeans are too lazy to produces anything. They rather buy stuff cheap and sell them high. Its what my uncle told me.
MUST be true then!
check out my blog: forexmademillionaire dot com
  • #574,231
  • Dec 13, 2011 12:27pm Dec 13, 2011 12:27pm
Quoting DeafPipster
Europeans are too lazy to produces anything. They rather buy stuff cheap and sell them high. Its what my uncle told me.
Is not what we all try to do at the Forex market?
  • #574,232
  • Dec 13, 2011 12:32pm Dec 13, 2011 12:32pm
Quoting Abelleta
Is not what we all try to do at the Forex market?
  • #574,233
  • Dec 13, 2011 12:33pm Dec 13, 2011 12:33pm
Quoting Abelleta
Is not what we all try to do at the Forex market?
We are all europeans then
  • #574,234
  • Dec 13, 2011 12:35pm Dec 13, 2011 12:35pm
Anyone with cutting edge intel on what's going on with the FOMC?
  • #574,235
  • Dec 13, 2011 12:36pm Dec 13, 2011 12:36pm
euro-usd-peans
  • #574,236
  • Dec 13, 2011 12:36pm Dec 13, 2011 12:36pm
Here is my current position, I am long, fully leveraged (50x) at 1.3090 with no SL. We are obviously going to go higher after the Fed meeting and overnight. At 5 PM, I will reload my longs (fully leveraged again) and take profit around 9:00 AM tomorrow morning. (Of course, this is my gambling account which seems to be performing better than my regular account)
  • #574,237
  • Dec 13, 2011 12:39pm Dec 13, 2011 12:39pm
Quoting Kowalczyk
Here is my current position, I am long, fully leveraged (50x) at 1.3090 with no SL. We are obviously going to go higher after the Fed meeting and overnight. At 5 PM, I will reload my longs (fully leveraged again) and take profit around 9:00 AM tomorrow morning.
I suggested you close your at least 90% of your position, full in is a gamble. you may double your account soon but you may also burn it as well.. unless you have a super small account and you dont really care about it.
  • #574,238
  • Dec 13, 2011 12:39pm Dec 13, 2011 12:39pm
Quoting Kowalczyk
Here is my current position, I am long, fully leveraged (50x) at 1.3090 with no SL. We are obviously going to go higher after the Fed meeting and overnight. At 5 PM, I will reload my longs (fully leveraged again) and take profit around 9:00 AM tomorrow morning.
Rofl. You are obviously going to burn. I wonder if you survive week. Did Bernie already called ya? You could share that insider. Pleeeease.

T
"I know one thing, that I know nothing." Sokrates
  • #574,239
  • Dec 13, 2011 12:39pm Dec 13, 2011 12:39pm
Quoting Kowalczyk
Here is my current position, I am long, fully leveraged (50x) at 1.3090 with no SL. We are obviously going to go higher after the Fed meeting and overnight. At 5 PM, I will reload my longs (fully leveraged again) and take profit around 9:00 AM tomorrow morning.
Bold
  • #574,240
  • Dec 13, 2011 12:39pm Dec 13, 2011 12:39pm
Quoting Kowalczyk
Here is my current position, I am long, fully leveraged (50x) at 1.3090 with no SL. We are obviously going to go higher after the Fed meeting and overnight. At 5 PM, I will reload my longs (fully leveraged again) and take profit around 9:00 AM tomorrow morning.


and if it doesn't go higher
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