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  • #575,261
  • Dec 15, 2011 6:18am Dec 15, 2011 6:18am
Quoting Motion
This bears just don't wanna give up. They're so bent on running my stop.
maybe your stop is to close to volatility

hourly average range is 25 pips approx, and we have bee trading anywhere from 23-45 pips per hour so your stop is to close.

dont bet the farm on today, we can still go south but seems like the market has found some footing 27 pips below open is hardly bearish at this point seems more like a tight range loss of selling pressure, correction type of movement.

i would advise a small position with a wide stop, dont go chasing price now.....


best thing to do would be to open a long either really close to 1.2983 or below it, you dont want to get a high price. there is always tomorrow, protect your funds first

if you miss the up, that is ok try to catch the down, seems less risky.

so you dont trade for a couple of days..... you are still better off than trading and losing
AVT INVENIAM VIAM AVT FACIAM
  • #575,262
  • Dec 15, 2011 6:19am Dec 15, 2011 6:19am
Still waiting for the long ...
  • #575,263
  • Dec 15, 2011 6:19am Dec 15, 2011 6:19am
Quoting the redlion
London noon time, pre american session, i see equities in europ remain in the green, the yields rose, Gold OIL up, seems like we are risk on.

as far as the euro goes.

80 pip range, 49% of daily range, seems to be holding well right now, after a big drop we expect a correction and seems like today we are on our way to close above open.

only 27 pips below open has been today's low

i would be careful shorting at this point, i guess is we close above daily open today. possible correct for a couple of days before we resume south, we have broken...
Lots to think about
Thanks
Trade What You See Not What You Want To See
  • #575,264
  • Dec 15, 2011 6:22am Dec 15, 2011 6:22am
Quoting Motion
This bears just don't wanna give up. They're so bent on running my stop.
Reviewing draghi statement its 50/50 but i'm joining you long at 2996/ s/l 2945

T/P 3238 with some pullbacks at levels others have discussed 3045/80 and 3185
  • #575,265
  • Dec 15, 2011 6:28am Dec 15, 2011 6:28am
Now I'm turning to God It seems uncle draghi and the bears are all against me...
Don't just beat the markets, leave bruises.
  • #575,266
  • Dec 15, 2011 6:32am Dec 15, 2011 6:32am
Quoting Motion
Now I'm turning to God It seems uncle draghi and the bears are all against me...
There is no God in Forex! It is only YOU and MARKET!

The ONE who is against YOU - could only be YOU!
  • #575,267
  • Dec 15, 2011 6:35am Dec 15, 2011 6:35am
it is not the bears, i think its your timing

price moves in ABC pattern, acceleration, loss of momentum, correction


if you are going long, buy at the worst possible time, when price seems really shitty and you dont think its a good idea to buy.

this means you are buying cheap. once it starts accelerating north YOU SHOULD ALREADY BE IN THE GREEN. you dont want to buy a high price right before it corrects.

A B C buy at C sell at B, or whatever holding time you have in mind

and when shorting, find the highest possible price, but before long or short, watch the momentum.

the market tells you, the movements are due to orders when and liquidity, there is always a buyer for every seller, but when people are willing to buy, they consume liquidity makes market makers go short of the currency and they move the price up, people are still willing to buy at a higher price continues to move.

but also liquidity is important, if you got an order hitting the market at 10,000,000 units on the ASK and there is 2,000,000 orders sitting on the BID, what happens to price? if it is 1.3017?
AVT INVENIAM VIAM AVT FACIAM
  • #575,268
  • Dec 15, 2011 6:37am Dec 15, 2011 6:37am
(orders, options, technicals),
$1.3140/50 Medium offers
$1.3100 Medium offers
$1.3065 Stops
$1.3050/60 Strong offers
$1.3038 Int.Day high
$1.2998
$1.3010 ***Current mkt rate 1231GMT Thursday
$1.3000 Option expiry, decent size
$1.29572 Int.Day low
$1.2979 (NY Weds $1.2945)
$1.2945/40 Medium demand/Stops
$1.2910/00 Strong demand/Large
$1.2900 barrier/digital Friday expiry
$1.2875/60 Strong demand/
$1.2860 2011 low Jan10
  • #575,269
  • Dec 15, 2011 6:37am Dec 15, 2011 6:37am
Quoting the redlion
maybe your stop is to close to volatility

hourly average range is 25 pips approx, and we have bee trading anywhere from 23-45 pips per hour so your stop is to close.

dont bet the farm on today, we can still go south but seems like the market has found some footing 27 pips below open is hardly bearish at this point seems more like a tight range loss of selling pressure, correction type of movement.

i would advise a small position with a wide stop, dont go chasing price now.....


best thing to do would be to open a long either really...
Thanks red. But I've been long cos my analysis told me to long 2992 at draghi's start. I was just catching some fun. The post is below. And about the SL being to close cos of volatility, I understand and thanks for watching out for me. My r:r is 1:5. I risk 20pips to make 100. It takes me 5 losses to give back a win. It's just the way I trade. BTW, the SL is 10pips but the positions exit at 2 different levels hence the 20pips risk. Green pips to you too.

Quoting Motion
Long 2992. SL 2982 TP 3032, 3052.
Quoting Cecil Gee
Reviewing draghi statement its 50/50 but i'm joining you long at 2996/ s/l 2945

T/P 3238 with some pullbacks at levels others have discussed 3045/80 and 3185
You're welcome mate.
Don't just beat the markets, leave bruises.
  • #575,270
  • Dec 15, 2011 6:37am Dec 15, 2011 6:37am
Quoting 21vs7
There is no God in Forex! It is only YOU and MARKET!

The ONE who is against YOU - could only be YOU!
Nice
Trade What You See Not What You Want To See
  • #575,271
  • Dec 15, 2011 6:41am Dec 15, 2011 6:41am
Quoting MaxDoom
(orders, options, technicals),
$1.3140/50 Medium offers
$1.3100 Medium offers
$1.3065 Stops
$1.3050/60 Strong offers
$1.3038 Int.Day high
$1.2998
$1.3010 ***Current mkt rate 1231GMT Thursday
$1.3000 Option expiry, decent size
$1.29572 Int.Day low
$1.2979 (NY Weds $1.2945)
$1.2945/40 Medium demand/Stops
$1.2910/00 Strong demand/Large
$1.2900 barrier/digital Friday expiry
$1.2875/60 Strong demand/
$1.2860 2011 low Jan10

________________________________
To add a bit..

Sharp fall on Italy yields...Still 7,15%...but it is a indy atm.

DAX in the middle of the rejection from this bullish nonsense in the making.

EURUSD still fighting there. Nothing decided.
  • #575,272
  • Dec 15, 2011 6:42am Dec 15, 2011 6:42am
Quoting 21vs7
There is no God in Forex! It is only YOU and MARKET!

The ONE who is against YOU - could only be YOU!
Thanks 21vs7. You know me, just catching my fun as price is boring me out. Though, there's God in Forex.
Don't just beat the markets, leave bruises.
  • #575,273
  • Dec 15, 2011 6:46am Dec 15, 2011 6:46am
at 13015 and pending sell limit at 13027 both with SL 13045
and I go with the trend.

ah my TP is a double buy limit at 12952 SL 12935
What does the world cost? A shit, so sell it!
  • #575,274
  • Dec 15, 2011 6:51am Dec 15, 2011 6:51am
Quoting Motion
Thanks 21vs7. You know me, just catching my fun as price is boring me out. Though, there's God in Forex.
Stop distracting us the young ones!

And yes, there is a Forex God!
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  • #575,275
  • Dec 15, 2011 6:55am Dec 15, 2011 6:55am
Quoting 21vs7
Stop distracting us the young ones!

And yes, there is a Forex God!
Reallllllllllly! Seriously 21vs7, if you're young, then I must be a new born baby!
Don't just beat the markets, leave bruises.
  • #575,276
  • Dec 15, 2011 6:57am Dec 15, 2011 6:57am
According to RSI and Stochastic Euro is very oversold.
So, waiting only up from now!
  • #575,277
  • Dec 15, 2011 6:59am Dec 15, 2011 6:59am
Quoting rome777
According to RSI and Stochastic Euro is very oversold.
So, waiting only up from now!

problem with those indicators is that they can remain at that level for a long time so just be careful how you use them.
  • #575,278
  • Dec 15, 2011 6:59am Dec 15, 2011 6:59am
Quoting Motion
Reallllllllllly! Seriously 21vs7, if you're young, then I must be a new born baby!
Maan, I consider myself young enough! So whats you baby age there.

There is a serious of algorithmic shjiiit hidden inside my name here on FF. Snot so easily to solve this craacker there!


______________________________________________________
Ill wait for Jobless claims to open new position....all orders out btw.
  • #575,279
  • Dec 15, 2011 7:02am Dec 15, 2011 7:02am
Quoting Motion
Long 2992. SL 2982 TP 3032, 3052.
Seriously, FF is really distracting me. Can't believe I ordered 3032 instead of 3022. Well covered first TP manually at 3022. I have 3027 as a level on my chart and I wouldn't want to be foolish. Now risk covered plus a little something.

PS: Bears, you can now head for my SL for all I care. The choice is yours. Thanks uncle draghi. Gotta head for lunch.
Don't just beat the markets, leave bruises.
  • #575,280
  • Dec 15, 2011 7:07am Dec 15, 2011 7:07am
Quoting 21vs7
Maan, I consider myself young enough! So whats you baby age there.

There is a serious of algorithmic shjiiit hidden inside my name here on FX. Snot so easily to solve this craacker there!


______________________________________________________
Ill wait for Jobless claims to open new position....all orders out btw.
KK let's see You're 21 and your baby is 7. Or better still, you trade 21hours a day 7days a week. Ok help a brother out...

BTW: thanks mate! I almost forgot about the US reports coming out in 24mins. I would be damned to miss that. The way it stands, I'm beginning to reason why my TP2 is yet to hit. I'll just wait and trade it out.
Don't just beat the markets, leave bruises.
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