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  • #589,261
  • Jan 27, 2012 1:28pm Jan 27, 2012 1:28pm
Quoting Passerby
Well, I think I will have a short running through the weekend. From my point of view the move on the last few days is because weakening of USD not because better condition in Euro. And the rumor about Greek debt is still yet to be confirmed. I think a deal worth a hundred billion Euro wouldn't closed so easily and could drag down.

Another thing is hitting a strong resistance usually followed by retest the level for support. Since we haven't seen any correction on this upward movement, maybe a 200-300 pips correction still highly probable.

Having open positions over the weekend is not a big deal. Underfunded traders like to have positions closed in fear of any gaps which might result in significant losses or even a margin call for their accounts. I am holding several shorts which I initiated this afternoon.
  • #589,262
  • Jan 27, 2012 1:37pm Jan 27, 2012 1:37pm
i am waiting for the so called 'done deal' lol on greece -- then short the crap out of euro. and dax too.
  • #589,263
  • Jan 27, 2012 1:37pm Jan 27, 2012 1:37pm
Last Friday of the month?

First Friday of the year?



Quoting KillerWhale
1. Why today?
2. Why today?
3. Why today?

4. 1.3200 is NOT the turning point.
  • #589,264
  • Jan 27, 2012 1:48pm Jan 27, 2012 1:48pm
Quoting Taigen
Fitch sliced the credit rating of Italy, Spain, and others claiming the outlook looks negative for these countries.

Futures in Corn in the US is going gangbusters.

US consumer confidence increased to 75 from 74.

The US GDP increased 2.4% the 4th qtr.

Many US Corps have announced 1st qtr earnings increase at record numbers.

Euro commentators worry of recession concerns.

Based on this:

No wonder the Euro is screaming upward. Bad news for Euro goes up. Good news for USD Euro goes up. Go figure.
1) nobody gives a shit

2) what is gangbusters? i

3) nobody gives a shit

4) its 2.8 not 2.4

5) you mean 4th quarter

6) nobody gives a shit bout euro commentators

...

anyway, since when risk on news are euro negative

...

also - it all comes down to the fact that FED doesnt like strong dollar

all what is left to do is to shut down the euro bullshit for a time being
and the trigger will be Greece singed PSI

which doesnt mean that greece is important,
it just means that the states are not currently intrersted in hitting europe anymore,
  • #589,265
  • Jan 27, 2012 1:49pm Jan 27, 2012 1:49pm
Quoting free4440273
i am waiting for the so called 'done deal' lol on greece -- then short the crap out of euro. and dax too.
when is that expected?
  • #589,266
  • Jan 27, 2012 1:51pm Jan 27, 2012 1:51pm
Quoting todstars2
when is that expected?
well pappy pm says close to deal could be monday ...
  • #589,267
  • Jan 27, 2012 1:52pm Jan 27, 2012 1:52pm
I know I'm an idiot but I just started building long in USDYEN again for a big entry @ 76.65, and building up to the bottom.
Last time intervention Oct 31 I made a small fortune and it was my best trading week of the year and ever.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #589,268
  • Jan 27, 2012 1:53pm Jan 27, 2012 1:53pm
btw: i <3 y'all

(just some love spreading while enjoyin' the "cheap" vodka)

cheers - til' nexx week
  • #589,269
  • Jan 27, 2012 1:56pm Jan 27, 2012 1:56pm
Quoting KillerWhale
I know I'm an idiot but I just started building long in USDYEN again for a big entry @ 76.65, and building up to the bottom.
Last time intervention Oct 31 I made a small fortune and it was my best trading week of the year and ever.
i did same with eur/yen long; after quake ; one of my best trades ever -- i just let the trade run .
  • #589,270
  • Jan 27, 2012 2:03pm Jan 27, 2012 2:03pm
Dammit had a free GOLD trade running at 1717.20 and stupid frankfurt spiked down to kill it, I need to make an EA to only close my position if a 5 min bar closes below/above my entry bar which was a bullish engulf.

Stupid frankfurt.
  • #589,271
  • Jan 27, 2012 2:04pm Jan 27, 2012 2:04pm
all i see here is people say SELL SELL SELL . all i see is price going UP UP UP
Where the logic in that ?
  • #589,272
  • Jan 27, 2012 2:05pm Jan 27, 2012 2:05pm
Quoting KillerWhale
I know I'm an idiot but I just started building long in USDYEN again for a big entry @ 76.65, and building up to the bottom.
Last time intervention Oct 31 I made a small fortune and it was my best trading week of the year and ever.

Nice, I think we are still a few months away from a trendshift on the monthly, but good to start with small risk incase next month is the big push up.
  • #589,273
  • Jan 27, 2012 2:05pm Jan 27, 2012 2:05pm
Quoting ma_cowburn
all i see here is people say SELL SELL SELL . all i see is price going UP UP UP
That's usually how it works.
  • #589,274
  • Jan 27, 2012 2:09pm Jan 27, 2012 2:09pm
Quoting sidhujag
That's usually how it works.


i agree !!
There is only one right price.... what the customer is willing to pay !
  • #589,275
  • Jan 27, 2012 2:09pm Jan 27, 2012 2:09pm
Quoting sidhujag
That's usually how it works.
What a simple and great answer
Some people call it "faith"..
  • #589,276
  • Jan 27, 2012 2:10pm Jan 27, 2012 2:10pm
Quoting ma_cowburn
all i see here is people say SELL SELL SELL . all i see is price going UP UP UP
Where the logic in that ?
what does one expect; who is to say people have best intentions ...:whistle:
  • #589,277
  • Jan 27, 2012 2:10pm Jan 27, 2012 2:10pm
Quoting sidhujag
Nice, I think we are still a few months away from a trendshift on the monthly, but good to start with small risk incase next month is the big push up.
I'm not talking about trendshift, that can be a year away or 5 years.
I'm talking about intervention and grab a quick 300 pips in 6 hours.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #589,278
  • Jan 27, 2012 2:14pm Jan 27, 2012 2:14pm
Quoting sidhujag
That's usually how it works.
ya, today (exept 4 london session) I have to admit that I trade like a stupid, selling during an evident mass bulls action (2 sl, 1 at be, it's enough)

one sure thing I learnt is that when in this thread most of all call 4 a short you've to start buying more and more lots
  • #589,279
  • Jan 27, 2012 2:18pm Jan 27, 2012 2:18pm
...if someone said go walk off a cliff, would u lol. same with advice here re long/short. don't necess follow the crowd ....
  • #589,280
  • Jan 27, 2012 2:20pm Jan 27, 2012 2:20pm
Quoting free4440273
...if someone said go walk off a cliff, would u lol. same with advice here re long/short. don't necess follow the crowd ....
Not always true, I had a few shorts in the last few hours and exited all with profit.
New voice message: Why are you calling me? If I need you, I'll call you!
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