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  • #587,601
  • Jan 24, 2012 8:37am Jan 24, 2012 8:37am
Quoting rhmn
Thankx Dragon aye, infect today moved my stop loss witch is against my trading rules n that is punishing me, so i just wanted to have some idea if there is hope that PA will go up or i should close my trade.
It may go up. maybe now but maybe later..
Rome was not built in a day, but I will do in a day if it was me.
  • #587,602
  • Jan 24, 2012 8:40am Jan 24, 2012 8:40am
Yeah, tomorrow is sunny day but remember to take your umbrella with you!
  • #587,603
  • Jan 24, 2012 8:41am Jan 24, 2012 8:41am
i want this pair to go at least 1.3030 to short it. I believe we have 20 minutes to see that if not, the pair is staying below 1.2980 and looking for the WAVE of WAVE 4. Its too early to say that, but thats what im seeing.
  • #587,604
  • Jan 24, 2012 8:44am Jan 24, 2012 8:44am
thanks every one , i think its better to get out of this trade and look for other opportunities.
  • #587,605
  • Jan 24, 2012 8:50am Jan 24, 2012 8:50am
Gotta love unexpected bad news. I see maybe one more rise to 3010 in this session.
  • #587,606
  • Jan 24, 2012 8:53am Jan 24, 2012 8:53am
BRUSSELS, Jan 24 (Reuters) - All Greek parties must commit to reforms agreed with international lenders, no matter who wins upcoming elections, or Athens puts at risk a second bailout programme it needs to avoid default, German Finance Minister Wolfgang Schaeuble said on Tuesday.
"Greece must implement the agreed measures and reforms. And of course all Greek parties must agree to the measures and a new programme, independently of the upcoming elections," Schaeuble told reporters in Brussels.
Greece, where the sovereign debt crisis that has threatened the euro and shaken the world economy started, is due to hold snap elections, and its co-ruling conservative New Democracy party said on Tuesday it wanted the vote by April 8.
  • #587,607
  • Jan 24, 2012 8:54am Jan 24, 2012 8:54am
Quoting rhmn
thanks every one , i think its better to get out of this trade and look for other opportunities.
I'm not a guru, nor a trainer.
All I can is to share what works best for me being a short-term trader.

1. Price action
2. Support and resistence levels created by supply and demand
3. Fibo, Gann and Murray Math levles
4. Woodies CCI system
5. Price channels
6. Divergences (Stochastic and MACD)
7. TA patterns
8. ...

TRUST YOUR SYSTEM AND ALWAYS GO WITH TREND!
  • #587,608
  • Jan 24, 2012 8:54am Jan 24, 2012 8:54am
anybody see any sense in that "move" last 40 minutes ?? waitin for "news" (6 minutes) ? What about Ecofin Meeting ? Just talking ? When do they present something (useful) ?

EDIT: Range for US Session is HAIRY. No money left there ???
  • #587,609
  • Jan 24, 2012 9:00am Jan 24, 2012 9:00am
we're on that fooking fibo level
if it breaks down, i only see 1.2894
  • #587,610
  • Jan 24, 2012 9:01am Jan 24, 2012 9:01am
Just follow the trend
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Rome was not built in a day, but I will do in a day if it was me.
  • #587,611
  • Jan 24, 2012 9:09am Jan 24, 2012 9:09am

It's overvalued right now.

short the peaks.

  • #587,612
  • Jan 24, 2012 9:10am Jan 24, 2012 9:10am
After hitting a 3-week high during the European session, the Euro weakened and erased intraday gains versus the Dollar after S&P Chairman of Sovereign Rating Committee John Chambers said a Greek default is matter of 'when' not if. He also noted they are expected to downgrade Greece to 'selective default' but a default within the European Union does not destroy the credibility of the zone.

EUR/USD had peaked at 1.3062 but lost momentum and recently speeded losses toward a fresh day's low of 1.2954 so far. At time of writing, EUR/USD is quoting at the 1.2960 area, recording a 0.4% loss on Tuesday.

As for technical levels, immediate supports for the cross could be faced at 1.2950 and 1.2900, while resistances are now expected at 1.3000 and 1.3030 ahead of 1.3060.



  • #587,613
  • Jan 24, 2012 9:14am Jan 24, 2012 9:14am
Quoting desi99
2H trendline says UP
1 hr, 2 hr and 3 hour candlestick says DOWN
  • #587,614
  • Jan 24, 2012 9:19am Jan 24, 2012 9:19am
Daily basis this looks like a nice dip with yesterday bullish outside day.

They just tested intraday bottom with some crappy news and 2hr is soon bought back.

Interesting to see London close.
They think they are smarter than I am.
  • #587,615
  • Jan 24, 2012 9:20am Jan 24, 2012 9:20am
Quoting Z3iz3i
Daily basis this looks like a nice dip with yesterday bullish outside day.

They just tested intraday bottom with some crappy news and 2hr is soon bought back.

Interesting to see London close.
So you are saying the market will go UP or down the next few hours?!
  • #587,616
  • Jan 24, 2012 9:21am Jan 24, 2012 9:21am
It's gone up about 400 pips with no pull back...

It's due atleast a 200 pip pullback and thats even if the Euro has turned a corner.. but probably more like a 600 pip pullback.
  • #587,617
  • Jan 24, 2012 9:22am Jan 24, 2012 9:22am
Quoting Trendica
So you are saying the market will go UP or down the next few hours?!
Dude start thinking.
  • #587,618
  • Jan 24, 2012 9:23am Jan 24, 2012 9:23am
Quoting Trendica
So you are saying the market will go UP or down the next few hours?!
They should go to test 1.3024 yesterday close at least.

But it may and likely goes further.
Stops were done earlier today but this not that easy to trade.

EDIT: of course never know about news that may flip things upside down.
They think they are smarter than I am.
  • #587,619
  • Jan 24, 2012 9:30am Jan 24, 2012 9:30am
Quoting Z3iz3i
They should go to test 1.3024 yesterday close at least.

But it may and likely goes further.
Stops were done earlier today but this not that easy to trade.

EDIT: of course never know about news that may flip things upside down.

It already did that about 6 hours ago. It spiked to 13060 to grab all the shorts. It's been going down the last 5 to 6 hours.
  • #587,620
  • Jan 24, 2012 9:32am Jan 24, 2012 9:32am
well it got up through daily pivot so took a small short at 1.2894 hoping for around 40 pips
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