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  • #589,701
  • Jan 30, 2012 2:00am Jan 30, 2012 2:00am
Does anyone have the youtube link to the wall st trading song? I'm pretty sure it was posted in this read a couple weeks ago, and god knows Im not scrolling through all those pages and I cant seem to find it with the search function.

Hoping someone has bookmarked it or something
  • #589,702
  • Edited 2:12am Jan 30, 2012 2:00am | Edited 2:12am
Italian ten year bond auction results will be the event of the day... Results usually come in a little after 5AM EST 2 hours from now.
  • #589,703
  • Jan 30, 2012 2:02am Jan 30, 2012 2:02am
Quoting Passerby
@Max: OMG, I just want to closed my short. BTW, where is your target?

initial target is 1.309x for me
  • #589,704
  • Jan 30, 2012 2:04am Jan 30, 2012 2:04am
Quoting thevadd
Pivot points provided by IGMarkets : P:1.3177 ; S1:1.3120 ; R1: 1.3277 (closer to Mohan76 )
These IGMarkets levels are within 1 pip of mine, which are automatically derived from:

- FXCM's data feed
- a day time frame beginning and ending 00:00 GMT

These values do vary from feed to feed and according to time zone (though it's hard to understand why a cycle other than 00:00 GMT to 00:00 GMT would be used), but: I've found over time that my FXCM pivots repeatedly get hit to withing a pip where they are relevant.

That suggests that a majority of traders are using these values - hence the R-E-S-P-E-C-T.
  • #589,705
  • Jan 30, 2012 2:10am Jan 30, 2012 2:10am
Quoting ThirdMan
I'm shortfrom 3226 and still holding.
3226? How long have u been holding that position?

Edit: pin bar on M15 TF. if the next candle closed above my trendline, I will close my trade.
  • #589,706
  • Jan 30, 2012 2:13am Jan 30, 2012 2:13am
Over weekend.
Quoting Passerby
3226? How long have u been holding that position?
  • #589,707
  • Jan 30, 2012 2:21am Jan 30, 2012 2:21am
Quoting MaxDoom
initial target is 1.309x for me
I agree.. before the summit and italian bond auction we should see that level. Stops probably a few (10-20) pips below.
I expect to see 1.3070-75 as a strong support level now. For the further rise of the euro we must test and successfuly reject that level.

Will see..
'You must be the change you wish to see in the world' . Gandhi
  • #589,708
  • Jan 30, 2012 2:31am Jan 30, 2012 2:31am
Quoting ThirdMan
Over weekend.
My broker closed for the weekend, the top is at around 1.3221.

Max: OMG! That's one aggresive target. Actually I don't have one, I just want to see the hint for exit looking at PA. If it could went to your target and I still in the trade, this could be my last trade today since my daily target achieved. I hope you reach your TP.
  • #589,709
  • Jan 30, 2012 2:43am Jan 30, 2012 2:43am
Waiting to see if price let's go of the upper trendline. We should know soon.
  • #589,710
  • Jan 30, 2012 2:43am Jan 30, 2012 2:43am
Quoting MaxDoom
short
how are you max? had a terrible last week as far as the euro is concerned made loses on most of my euro trades but the loses were wipped out by my kiwi gains. so no worries. specially the action on thursday and friday.

i decided to stay away for few days now from the euro.

ur recommendation ?
  • #589,711
  • Jan 30, 2012 2:43am Jan 30, 2012 2:43am
Quoting phxmike
I agree.. before the summit and italian bond auction we should see that level. Stops probably a few (10-20) pips below.
I expect to see 1.3070-75 as a strong support level now. For the further rise of the euro we must test and successfuly reject that level.

Will see..
I think it will test 1.3168/70 near hourly close. Bid from 1.3156 through 1.3162/63.
They think they are smarter than I am.
  • #589,712
  • Jan 30, 2012 2:50am Jan 30, 2012 2:50am
Quoting Z3iz3i
I think it will test 1.3168/70 near hourly close. Bid from 1.3156 through 1.3162/63.
I want to see if London wants above 1,3200 before shorting it.
Right now it's bouncing, but it can't go up...very weak market
COT: The precious data ignored
  • #589,713
  • Jan 30, 2012 3:05am Jan 30, 2012 3:05am
Quoting kuroro001
I want to see if London wants above 1,3200 before shorting it.
Right now it's bouncing, but it can't go up...very weak market
Seems so. Patternwise is surely looks like a dip.

Another alternative is play through 20 to 1.3090/1.31.
They think they are smarter than I am.
  • #589,714
  • Jan 30, 2012 3:10am Jan 30, 2012 3:10am
Quoting Z3iz3i
Seems so. Patternwise is surely looks like a dip.

Another alternative is play through 20 to 1.3090/1.31.
Vol is getting stronger right under the 1,3145 resistance...i won't short such thing.

But like you said, let's wait for 70...if not it's heading towards 20 then 1,308x

No shorts for me until it goes back above 1,3200 though...ideally 1,327x
COT: The precious data ignored
  • #589,715
  • Jan 30, 2012 3:13am Jan 30, 2012 3:13am
Quoting Nachiket
how are you max? had a terrible last week as far as the euro is concerned made loses on most of my euro trades but the loses were wipped out by my kiwi gains. so no worries. specially the action on thursday and friday.

i decided to stay away for few days now from the euro.

ur recommendation ?
fine thanks mate. It is very hard to trade right now for anything other than short trades because it is bouncing. best advice for that is to lift your timeframe up for entries and take only the highest probable trades. Avoid the temptation to join mid wave.

I am short at the moment looking for 1.309x as an intial target.
  • #589,716
  • Jan 30, 2012 3:16am Jan 30, 2012 3:16am
Quoting Z3iz3i
I think it will test 1.3168/70 near hourly close. Bid from 1.3156 through 1.3162/63.

close enough
  • #589,717
  • Jan 30, 2012 3:23am Jan 30, 2012 3:23am
Quoting MaxDoom
fine thanks mate. It is very hard to trade right now for anything other than short trades because it is bouncing. best advice for that is to lift your timeframe up for entries and take only the highest probable trades. Avoid the temptation to join mid wave.

I am short at the moment looking for 1.309x as an intial target.
That's what I am doing right now. I usually trade on M5, just for this one trade I use M15.
  • #589,718
  • Jan 30, 2012 3:28am Jan 30, 2012 3:28am
Short just taken on EU from sloping trendline.
Attached Image(s) (click to enlarge)
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #589,719
  • Jan 30, 2012 3:31am Jan 30, 2012 3:31am
Looking for a chance to go long....will wait for 3090 but hmm lets see. No clear sign yet.
  • #589,720
  • Jan 30, 2012 3:32am Jan 30, 2012 3:32am
Quoting pytaz
long at 1.3144, i think we should see new high of euro, thinking about 1.3316
my mistake, we just saw first correction wave (a wave) of 1.3080-1.3220 impulse, big possibility after second (b) correction wave, we will see todays new low, after that bounce to the up
(It's not an advise, use your own head..)
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