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EURUSD

  • #585,801
  • Jan 19, 2012 7:48am Jan 19, 2012 7:48am
Quoting Tom_D_Trader
Post above is BS.

T
Why am I not surprised by that reply!
  • #585,802
  • Edited 8:02am Jan 19, 2012 7:51am | Edited 8:02am
Quoting fxkiller
Everybody here is wondering why euro is climbing up and up.

So here what you guys need to know:

Many reasons to sell the euro, sure! Bad news, trend, Weakness of euro etc. Thats why. Currently 70-80% of traders are selling the euro. Lots of them with also many big lots.

Now just imagine, if the euro will fall. It would easily go to 26xx-25xx if the market were not manipulated! This 80% of traders will make huge wins (included you all). And this is exactly what the Markets want to avoid. Every time when we have clear weakness or...
very informative post, thank you - is there any way the ECB could try to manipulate exchange rates as a mechanism through which to indirectly restore some kind of confidence?
  • #585,803
  • Jan 19, 2012 7:51am Jan 19, 2012 7:51am
Quoting Kambooj
Now that the stoplosses are in place, to make more money few banks get together and decide to go to that level to just clear all the stoplosses.

Once they do that, everybody thinking that it will go to 3500,

then the banks decide to reverse and go to 2000-2200.

Its all a setup game.
.
so you think for long term Eur will go to 2000-2200.
i think it could take months to go there.
what is your target for bull position
  • #585,804
  • Jan 19, 2012 7:53am Jan 19, 2012 7:53am
@ Satopi

If you dont feel comfortable shorting do urself a favour and get out instead of wasting time on a forum

do u have a plan? do u follow it?
  • #585,805
  • Jan 19, 2012 7:55am Jan 19, 2012 7:55am
well as for me... I'm dumping the dollar........don't ask me y..just ask, GOOGLE the search engine...
  • #585,806
  • Jan 19, 2012 7:55am Jan 19, 2012 7:55am
@ Tom D trader

  • #585,807
  • Jan 19, 2012 7:56am Jan 19, 2012 7:56am
Quoting antgal23
@ Satopi

If you dont feel comfortable shorting do urself a favour and get out instead of wasting time on a forum

do u have a plan? do u follow it?
Give him a break - he's airing his feelings, that's what forums are for in case you didn't know.
  • #585,808
  • Jan 19, 2012 7:57am Jan 19, 2012 7:57am
Quoting ali_baba
very informative post, thank you - is there way the ECB could trying to manipulate exchange rates as a mechanism through which to indirectly restore some kind of confidence?
just to remind you franc intervention in 2010:
http://articles.businessinsider.com/...-national-bank

so if they want to intervene/manipulate euro I think they've got "some" resources to do so
  • #585,809
  • Jan 19, 2012 8:02am Jan 19, 2012 8:02am
Quoting antgal23
@ Satopi

If you dont feel comfortable shorting do urself a favour and get out instead of wasting time on a forum

do u have a plan? do u follow it?
Yes, I'm trading it... doesn't mean I have to feel comfortable about it. I just see way too many wicks on the hourly chart to convince me there is enough bull strength to push up through these heavy resistance areas above.
  • #585,810
  • Jan 19, 2012 8:02am Jan 19, 2012 8:02am
Quoting Tom_D_Trader
This is a very good hint.

Ad1) Yea, you really should avoid trading.
Ad2) No trader would ever enter the market live. No way. Only pending orders are the way. Why would you want to react on PA?
Ad3) For sure there is only one timeframe you should be using regardless your strategy. Only Killer knows the right timeframe
Ad4) My weakling mind indeed doesnt have a clue what to do. I need your help mighty Killer.

T
HOPELESS
  • #585,811
  • Jan 19, 2012 8:03am Jan 19, 2012 8:03am
Quoting cat
Why am I not surprised by that reply!
I am doing my best not to surprise anyone by unexpected kindness.

T
"I know one thing, that I know nothing." Sokrates
  • #585,812
  • Jan 19, 2012 8:04am Jan 19, 2012 8:04am
Quoting sat0pi
I don't know about you guys, but this price action does not make me very confident to long. Although, I don't feel very confident with my currently open shorts either... Tonight could be painful.
Forget about going long, but if you're short, I'd move your stop to BE, it might just pay you very well indeed.
  • #585,813
  • Jan 19, 2012 8:05am Jan 19, 2012 8:05am
Quoting cat
Forget about going long, but if you're short, I'd move your stop to BE, it might just pay you very well indeed.
a this statement is based on?
  • #585,814
  • Jan 19, 2012 8:09am Jan 19, 2012 8:09am
having a plan and following it is supposed to take ur feelings out

if it feels uncomfortable , get out, reassess and look to enter

the market will be always be there


Quoting sat0pi
Yes, I'm trading it... doesn't mean I have to feel comfortable about it. I just see way too many wicks on the hourly chart to convince me there is enough bull strength to push up through these heavy resistance areas above.
  • #585,815
  • Jan 19, 2012 8:11am Jan 19, 2012 8:11am
Quoting cat
Forget about going long, but if you're short, I'd move your stop to BE, it might just pay you very well indeed.
Yes i'm short ...
  • #585,816
  • Jan 19, 2012 8:12am Jan 19, 2012 8:12am
Quoting zathan
a this statement is based on?
the fact that if he's already short, then the best thing he can do is leave it open, but limit his risk. As you see right now, the euro is falling.
  • #585,817
  • Jan 19, 2012 8:12am Jan 19, 2012 8:12am
Finally it moves down...let's see if 1,284x can be reached...ideally 1,279x
COT: The precious data ignored
  • #585,818
  • Jan 19, 2012 8:13am Jan 19, 2012 8:13am
time to sell??
  • #585,819
  • Jan 19, 2012 8:13am Jan 19, 2012 8:13am
Quoting johnnyrei
Watching this blue channel on 10m. Hopefully PA will overshoot to 1.2958 - I plan to short there:
Long @1.2896 - sl @ 1.2866 - manual TP. 1.2872 is a bottom of january 2011, I count it as good res. If PA goes below that - I consider shorts.
  • #585,820
  • Jan 19, 2012 8:15am Jan 19, 2012 8:15am
Quoting screwup
Yes i'm short ...
Very glad to hear it, haven't got a sell signal myself yet.
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