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  • #583,901
  • Jan 13, 2012 10:18am Jan 13, 2012 10:18am
Touched the daily 13ema and now looking for 1.2500
  • #583,902
  • Jan 13, 2012 10:21am Jan 13, 2012 10:21am
Quoting abinezer
Yes, I noticed....However I took short again..

so +15 pips now
  • #583,903
  • Jan 13, 2012 10:21am Jan 13, 2012 10:21am
Quoting kbmoonshinex
youp . and shorted again .
Haven't been checking the this thread today or yesterday as I was on a trading break, but if I remember well, you were adding to your shorts while prices were going up and up...
Is your wallet fat as fook now?
  • #583,904
  • Jan 13, 2012 10:26am Jan 13, 2012 10:26am
Quoting torkay77
okay moved my sl to be
closed at 1.266...better 10 pips than nothing
  • #583,905
  • Jan 13, 2012 10:30am Jan 13, 2012 10:30am
Quoting torkay77
closed at 1.266...better 10 pips than nothing
Hmm... seems a little premature?

I missed a lot of the news, is there an announcement to confirm the reported rumours at some stage this evening and if so does anyone know what time? Thanks
  • #583,906
  • Jan 13, 2012 10:34am Jan 13, 2012 10:34am
Quoting Hugh Briss
Hmm... seems a little premature?

I missed a lot of the news, is there an announcement to confirm the reported rumours at some stage this evening and if so does anyone know what time? Thanks

that in itself is a rumour but consensus appears to be 8pm GMT
  • #583,907
  • Jan 13, 2012 10:35am Jan 13, 2012 10:35am
  •  Cosi
  • | Joined Jun 2011 | Status: Little girl on the way! Due April!! | 36 Posts
Quoting ferndog
Touched the daily 13ema and now looking for 1.2500

I would like to see how the 4 and 8hr slow stoch closes before deciding if I should close trade and reverse or let it run. 8hr Macd is flirting with continuing up a little bit more but that all depends on how strong it can brake over. Depending on how slow or fast this move continues it could easily pull back up 100 pips from 1.2600/1.2575 before going to 1.2500.
Just my 2 cents and all based on tech. fundamentals can dump it to 1.2500 fast.
  • #583,908
  • Jan 13, 2012 10:36am Jan 13, 2012 10:36am
Quoting MaxDoom
that in itself is a rumour but consensus appears to be 8pm GMT
Lol, ok, I'll pass on the rumour. Thanks.
  • #583,909
  • Jan 13, 2012 10:37am Jan 13, 2012 10:37am
Quoting bittervenge
Haven't been checking the this thread today or yesterday as I was on a trading break, but if I remember well, you were adding to your shorts while prices were going up and up...
Is your wallet fat as fook now?
look at my lasts posts my friend
looking for investors . pm me
  • #583,910
  • Jan 13, 2012 10:43am Jan 13, 2012 10:43am
Quoting Cosi
I would like to see how the 4 and 8hr slow stoch closes before deciding if I should close trade and reverse or let it run. 8hr Macd is flirting with continuing up a little bit more but that all depends on how strong it can brake over. Depending on how slow or fast this move continues it could easily pull back up 100 pips from 1.2600/1.2575 before going to 1.2500.
Just my 2 cents and all based on tech. fundamentals can dump it to 1.2500 fast.

I tend to agree with you, if it was not for the downgrade report allegedly coming out later I would expect a deeper correction right now.

If the low of 2632 does not give before the recent high of 2695 then I would favour a correction target of 1.272x based on a standard ABC..
and 1.276x if it does not stall out at 1.272x.

we shall see, moving my stop to BE on my short trade.
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  • #583,911
  • Jan 13, 2012 10:47am Jan 13, 2012 10:47am
Quoting MaxDoom
I tend to agree with you, if it was not for the downgrade report allegedly coming out later I would expect a deeper correction right now.

If the low of 2632 does not give before the recent high of 2695 then I would favour a correction target of 1.272x based on a standard ABC..
and 1.276x if it does not stall out at 1.272x.

we shall see, moving my stop to BE on my short trade.
Seems like a plan to me, I've got a stop at 1.2710 and a second trade at break even at 1.2676.

I wonder if the downgrade rumours are confirmed if there is much more to drop today? A certain amount of "pricing in" has taken place already no?
  • #583,912
  • Jan 13, 2012 10:57am Jan 13, 2012 10:57am
the downgrade rumors must be true, when the rumors happened on Wednesday the french denied them & said they did not receive the 24hour notice - something they did not do today with an equally dramatic drop. The timing is also right this being a US long weekend will let the Americans digest the news over 3 days.
  • #583,913
  • Jan 13, 2012 10:57am Jan 13, 2012 10:57am
Quoting MaxDoom
so +15 pips now
TP?
  • #583,914
  • Jan 13, 2012 10:58am Jan 13, 2012 10:58am
I don't know what i'm thinking all mornings...
But I have been going Long on EUR/USD all morning
I didn't notice the news ....
I must be so careless, damn news .....
But It's nice enough for a good retrace to 1.2689...
That's when I closed all of my positions.

Lucky for me I divide all my $ into 3 accounts
Just to make sure I don't over-leverage.
That's what usually kill me.

This Friday I manage not to lose
I'm up 70% Since Sunday ... Couldn't be happier
My Leverage is 50:1 not 400:1

Still have one standard lot Long from 1.2654
  • #583,915
  • Jan 13, 2012 11:02am Jan 13, 2012 11:02am
  •  Cosi
  • | Joined Jun 2011 | Status: Little girl on the way! Due April!! | 36 Posts
Only reason I could see this being able to push to 1.26/.2575 (just to play safe before reversing) is that there is more room on the Daily Bollinger band as well 4hr slow stock to move a bit more, (AUD/USD) has a bit more room to the downside and until $ is pulled out of the dollar it could move a some more. All in all I see this move dying out and will wait a little longer to see when and if I close and go long.
  • #583,916
  • Jan 13, 2012 11:03am Jan 13, 2012 11:03am
Quoting abinezer
TP?

If you want a winner look to close around 2650 or better now PA has slowed right up.

OR set to BE and hope for a big move down later with the downgrade report - risks what profit you have posted so far.
  • #583,917
  • Jan 13, 2012 11:03am Jan 13, 2012 11:03am
Back on Top as Downgrade Rumors Swirl Around France


European Session Summary
Markets were calm ahead of North American trading, with higher yielding currencies and risk-correlated assets paring back some of Thursday’s gains in Asia before rebounding in Europe. The U.S. Dollar dump was halted by the time traders reached their desks in North America, however, on news we’ve all been finally waiting for: downgrades of Euro-zone nations by Standard & Poor’s, but most notably, France.
  • #583,918
  • Jan 13, 2012 11:06am Jan 13, 2012 11:06am
Germany will keep its AAA rating at Standard & Poor’s as France and Austria face downgrades on concern about Europe’s sovereign debt crisis, according to government officials and people familiar with the matter.
France will lose its AAA rating for the first time, Agence France-Presse reported, citing an unidentified government official. Italy and top-rated Austria will also be downgraded, according to two people familiar with the situation. The European official said the announcement may come at 9 p.m. Brussels time.
  • #583,919
  • Jan 13, 2012 11:10am Jan 13, 2012 11:10am
1.2646 - support zone.
ECB have plan with parked deposits banks.
They waiting moment for strike-ray.
  • #583,920
  • Jan 13, 2012 11:11am Jan 13, 2012 11:11am
Quoting Cosi
Only reason I could see this being able to push to 1.26/.2575 (just to play safe before reversing) is that there is more room on the Daily Bollinger band as well 4hr slow stock to move a bit more, (AUD/USD) has a bit more room to the downside and until $ is pulled out of the dollar it could move a some more. All in all I see this move dying out and will wait a little longer to see when and if I close and go long.
Are you taking the news into account or is it all technical?
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