Big support 1,3243 but bears are on 1,3253 10pips chanel 
)
)
I have a small short, maybe turn into a little bigger? Stop is BE already so no risk
I'll let it go for now, need sleep.
And it's raining here big time.
- #592,783
- Feb 7, 2012 4:22pm Feb 7, 2012 4:22pm
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
may i know when you start your short, and the TP point?
New voice message: Why are you calling me? If I need you, I'll call you!
- #592,784
- Feb 7, 2012 4:25pm Feb 7, 2012 4:25pm
I am from Indonesia and has been following EU/USD for about two years, and I think I am pretty much qualified to answer you question
Here in Asia, we believe that this raging-bull was caused mostly by market sentiment rather than news. Our analysis- there will be correction to at least to the last strong support (1.3224) or even lower. Our estimation for the next few hours will be bullish, then drop to that support.
As you can see on the, RSI also indicates overbought situation at the moment. If you want to wait until the next few hours, you...
I agree with your prediction of a small retracement back to the 1.3225 area. However, while prices are indeed registering overbought conditions, I would bet prices are likely to rebound strongly from the 1.3225 level to new highs above 1.33
My advice is to wait for a bearish momentum divergence to go long, there isn't one yet. This is a great set up to go long and the new highs will most likely register a bearish divergence on the RSI which at that time should be analyzed closely by the bears.
5th waves under the elliott wave principle often sport a bearish divergence. That is what I'm betting on. Still long from 1.3114
- #592,787
- Feb 7, 2012 4:51pm Feb 7, 2012 4:51pm
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
32,66 is it maximum of Asian? so go short now
You can only lose your money once, after that, it's just not there anymore!
New voice message: Why are you calling me? If I need you, I'll call you!
- #592,788
- Feb 7, 2012 4:56pm Feb 7, 2012 4:56pm
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
32,66 is it maximum of Asian? so go short now
Asian session can turn it's back any time (Asia like north)
Mohan
- #592,791
- Feb 7, 2012 5:20pm Feb 7, 2012 5:20pm
- | Membership Revoked | Joined Aug 2011 | 1,123 Posts
Already stopped for zero profit.
- #592,792
- Feb 7, 2012 5:20pm Feb 7, 2012 5:20pm
32,66 is it maximum of Asian? so go short now
firs TP is 32,23
second TP I put order on 32,14
third TP -31,95
I'm going sleep now, when I get up I wish to see close my positio on TP instead SL good night lol
Yesterday high was 1.3270. It has been tested 2 times until now, its somewhat good resistance line right there. Hope you enjoy your short
second TP I put order on 32,14
third TP -31,95
I'm going sleep now, when I get up I wish to see close my positio on TP instead SL
good night lol
- #592,794
- Feb 7, 2012 5:42pm Feb 7, 2012 5:42pm
italiano
inglese
spagnolo
The Fed Chairman, Ben Bernanke, the hearing before the U.S. Senate has spoken of the European crisis and how he is committed to making sure there are no repercussions both in financial and economic priority for the United States.
Actually to be precise, he said that "protect the U.S. financial system and economy." I wanted to read this sentence three times, because they did not believe it: the financial system and economy of the United States would be endangered by the crisis of a microbe like Greece?
Perhaps the Americans are really so used to export the crisis that are terrified at the thought that it could only import a.
But then, come on, let's be serious, the most indebted country in the world that ended last year with a deficit scary, that only last July at the last minute had to enact another law that allowed a break for the umpteenth time apocalyptic as the roof of debt of $ 14.3 trillion (14.3 trillion are) and we're just talking about the federal debt, we add the debt of each State? Almost everyone on the brink of bankruptcy! And we add the debt of each Administration?
inglese
spagnolo
The Fed Chairman, Ben Bernanke, the hearing before the U.S. Senate has spoken of the European crisis and how he is committed to making sure there are no repercussions both in financial and economic priority for the United States.
Actually to be precise, he said that "protect the U.S. financial system and economy." I wanted to read this sentence three times, because they did not believe it: the financial system and economy of the United States would be endangered by the crisis of a microbe like Greece?
Perhaps the Americans are really so used to export the crisis that are terrified at the thought that it could only import a.
But then, come on, let's be serious, the most indebted country in the world that ended last year with a deficit scary, that only last July at the last minute had to enact another law that allowed a break for the umpteenth time apocalyptic as the roof of debt of $ 14.3 trillion (14.3 trillion are) and we're just talking about the federal debt, we add the debt of each State? Almost everyone on the brink of bankruptcy! And we add the debt of each Administration?
give 1 and get 100
- #592,795
- Feb 7, 2012 5:47pm Feb 7, 2012 5:47pm
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Mohan
- #592,798
- Feb 7, 2012 6:07pm Feb 7, 2012 6:07pm
Big support 1,3243 but bears are on 1,3253 10pips chanel
I'm waiting for more pivot trades, not trading until it makes a move for a bit.
- #592,799
- Feb 7, 2012 6:08pm Feb 7, 2012 6:08pm
short, then long ?
well Bull defend their territory so thight. I think my short at 1.3250 will stopped out at BE. But since this is a free ride, no risk to try.Edit : stopped out at BE
Edit 2 : range area until London in my opinion is 1.3231 - 1.3266