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EURUSD

  • #596,141
  • Feb 16, 2012 11:34am Feb 16, 2012 11:34am
bull flag forming or bulls loosing steam?
Trade what you see not what you hope
  • #596,142
  • Feb 16, 2012 11:34am Feb 16, 2012 11:34am
Look last 2 pages and try to count how many members here going to short EU at the exact price around 1.3120 makes me believe we are still going north. Maybe I'm wrong but I don't like when there is a situation like "easy money shorting here" just like now
  • #596,143
  • Feb 16, 2012 11:37am Feb 16, 2012 11:37am
Euro/USD,Daily View,1Hour chart(16.02), London close

Bullish probability, price has found support at 1.297(Key Level, confluence between 200SMa, 50% Fibonacci and Monthly Main Pivot).If this support will hold price could move upside to 1.305(Weekly S1 Pivot) and further to 1.314(possible key-level, confluence between 100SMa, 200SMa and Weekly Main Pivot).

Bearish probability under 1.297(key level)could move downside to 1.29(confluence between 61.8% Fibonacci and Weekly S2 Pivot).This will be a good support for a Bullish retracement.

Doctortyby
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  • #596,144
  • Feb 16, 2012 11:40am Feb 16, 2012 11:40am
Quoting Higuain
Look last 2 pages and try to count how many members here going to short EU at the exact price around 1.3120 makes me believe we are still going north. Maybe I'm wrong but I don't like when there is a situation like "easy money shorting here" just like now
If you short around that area don't expect too much pips.

I'll short up there...but with 1,3090 as target cause it might give up a bounce here.
So 30-40 pips is good enough
COT: The precious data ignored
  • #596,145
  • Feb 16, 2012 11:42am Feb 16, 2012 11:42am
Quoting doctortyby
Euro/USD,Daily View,1Hour chart(16.02), London close

Bullish probability, price has found support at 1.297(Key Level, confluence between 200SMa, 50% Fibonacci and Monthly Main Pivot).If this support will hold price could move upside to 1.305(Weekly S1 Pivot) and further to 1.314(possible key-level, confluence between 100SMa, 200SMa and Weekly Main Pivot).

Bearish probability under 1.297(key level)could move downside to 1.29(confluence between 61.8% Fibonacci and Weekly S2 Pivot).This will be a good support for a Bullish retracement.

Doctortyby...
Very cogent analysis.
  • #596,146
  • Feb 16, 2012 11:43am Feb 16, 2012 11:43am
Quoting kuroro001
If you short around that area don't expect too much pips.

I'll short up there...but with 1,3090 as target cause it might give up a bounce here.
So 30-40 pips is good enough
100% right. Another option is set a tight SL.
  • #596,147
  • Feb 16, 2012 11:43am Feb 16, 2012 11:43am
Quoting kuroro001
If you short around that area don't expect too much pips.

I'll short up there...but with 1,3090 as target cause it might give up a bounce here.
So 30-40 pips is good enough
I was considering to short just around here

let we see
Don't give up
  • #596,148
  • Feb 16, 2012 11:44am Feb 16, 2012 11:44am
Quoting Crassius
You know what is interesting to me going forward.... is that this move is all about Greece... we tested the the 200 bar MA on the 4 hour, we tested the 50% fib on the down move, and then got a purely news based rally as the Greek deal came together...

But... take a look at USD/JPY.... there must be a quiet intervention going on over there, feeding the hell out of USD.... which is going to push against EUR... we're just not seeing it at this moment in time because of news flows....
Some guys' keeping the USD up, right?
  • #596,149
  • Feb 16, 2012 11:44am Feb 16, 2012 11:44am
how come i can't make a new thread? everyone know it?
  • #596,150
  • Feb 16, 2012 11:45am Feb 16, 2012 11:45am
Quoting Crassius
Sounds like they have everything settled for a done deal on Monday except ---

The issue of an escrow account..... which is a big issue
According to the BBC News channel, each of the Eurozone countries involved in the bail-out has to seek ratification from their own governments before any bail-out can be implemented. Furthermore, considerable doubt seems to exist among the AAA countries in the EZ as to whether the Greeks can actually be trusted to honour their commitments and until these anxieties are adequately addressed, I can't see the bail-out being actioned.

In the meantime, I imagine that the euro will continue to fluctuate up and down like a whore's drawers!
  • #596,151
  • Feb 16, 2012 11:47am Feb 16, 2012 11:47am
Closed my short for +3 pips. This is really looking very bullish.

SL hit on my sell limit order which was set to trigger @1.3090

The spike up was very fast I coudn't cancel this order in time...

Overall for the day -25 pips...
  • #596,152
  • Feb 16, 2012 11:48am Feb 16, 2012 11:48am
Quoting wshhmm
how come i can't make a new thread? everyone know it?
You need 4 vouches to make a new thread.
COT: The precious data ignored
  • #596,153
  • Feb 16, 2012 11:49am Feb 16, 2012 11:49am
Quoting Leeson
Closed my short for +3 pips. This is really looking very bullish.

SL hit on my sell limit order which was set to trigger @1.3090

The spike up was very fast I coudn't cancel this order in time...

Overall for the day -25 pips...
We'll go back there...no worries
COT: The precious data ignored
  • #596,154
  • Feb 16, 2012 11:50am Feb 16, 2012 11:50am
Short again now ... at 1.3106 first entry ...

Time 18h45 CET




;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #596,155
  • Feb 16, 2012 11:51am Feb 16, 2012 11:51am
Quoting Vectamart
According to the BBC News channel, each of the Eurozone countries involved in the bail-out has to seek ratification from their own governments before any bail-out can be implemented. Furthermore, considerable doubt seems to exist among the AAA countries in the EZ as to whether the Greeks can actually be trusted to honour their commitments and until these anxieties are adequately addressed, I can't see the bail-out being actioned.

In the meantime, I imagine that the euro will continue to fluctuate up and down like a whore's drawers!
True -- but the market is only looking to what the outcome of the Monday meeting will be.... there is a lot more to this story before its DONE...

Maybe I could have stated it to be more clear that the agenda for Monday seems to be in place except the really big issue of whether Greece gets to to collect and spend its own tax revenue --
  • #596,156
  • Feb 16, 2012 11:52am Feb 16, 2012 11:52am
Quoting Leeson
Closed my short for +3 pips. This is really looking very bullish.

SL hit on my sell limit order which was set to trigger @1.3090

The spike up was very fast I coudn't cancel this order in time...

Overall for the day -25 pips...
No, that is typical, depending on liquidity and software mechanisms, there is always some delay from your broker side on execution (unless really quality and expensive broker).

You would not even need a chart, just know important session closes and price level. Then you know which way to trade.
They think they are smarter than I am.
  • #596,157
  • Feb 16, 2012 11:54am Feb 16, 2012 11:54am
Quoting mercy seat
Short again now ... at 1.3106 first entry ...

Time 18h45 CET




;-|
SL & TP?
Don't give up
  • #596,158
  • Edited 11:58am Feb 16, 2012 11:57am | Edited 11:58am
Quoting Z3iz3i
No, that is typical, depending on liquidity and software mechanisms, there is always some delay from your broker side on execution (unless really quality and expensive broker).

You would not even need a chart, just know important session closes and price level. Then you know which way to trade.
I still have a lot to learn, but I am getting better month after month.

At least I am overall positive with +133 pips since I get back to forex for the third time...!!
  • #596,159
  • Feb 16, 2012 11:59am Feb 16, 2012 11:59am
Quoting Leeson
I still have a lot to learn, but I am getting better month after month.

At least I am overall positive with +133 pips since I get back to forex for the third time...!!
Glad to hear that! Practice makes perfect!
  • #596,160
  • Feb 16, 2012 11:59am Feb 16, 2012 11:59am
I once had a broker (can't mention it here), pretty new on business.

Their software was quite simple and it always had some delay NOT much in execution that it would have bothered me BUT on their serverside time stamp checking for prices.

I have an idea how software worked but it was hilarious when i could make 100k leverage trades for 30s-2min and get 10-20 pips on thin markets when i actually saw beforehand (approx 1-1.5s) which way volume trade was going

Too bad it did not last long, they fixed their stuff at some point but i made around 3k profits in 1 week, sometimes about 1k/day.
They think they are smarter than I am.
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