EURUSD

http://www.dailymail.co.uk/news/arti...-told-MUM.html

This is the article in the Daily Mail about the 23 year old FX Trader that blew £200,000 on a bar bill in one night.

One bottle of champagne (albeit a rather big one) cost £125,000

LOL

We all wish.....

If the 50MA crosses the 200MA on the 15min chart we are going up through Asia, London and NY. It will take a while but look for that. I'm holding my long from 1.3100. Market sentiment is bullish.

Lol, I would rather hit some weights in the gym if i was him

ah wait wait.. this was here before, someone posted already.

What's up with the guy? Trying to get attention with this stunt? Or just throwing money an having fun... who knows, one thing to be afraid of, is that money can make you vulnarable... I would rather keep a low profile, all the friends you make are likely to just use your money.. and before going out to rise so much attention, get in shape, as well.

Good story!

Thanks for sharing...

Congrats to the guy!

It is easy to feel bullish bearish sidewayish, when on sidelines, I see downside trading downside, 1st fill today 0587 sl 0607 tp manual

which timeframe is divergence ?

If I right I make money, if you right you were right

Short
@ 1.31485
SL above 1.3163
TP1 @ 1.31335 (not banked 'cause I was away, grrr)

Yes, TY

You and your brazilian macumbas

fuk wrong pr
scalping to try build position

AU 0587 sl 0607 tp manual
added
EU 3152 sl 3167 tp manual

Here's the divergence on the CII at the the time of the reversal on the 2M, 10M, 1H charts.

I do trade a setup similar to that on the 10M chart in the middle where it goes below 0 first then divergence occurs while the blue line is above the red (denoting one failed try at a reversal). But I have found that the middle trough in there is sometimes busts the setup, and like the peak to be below the 20 line as well, and it was only 25.

Also, many were probably waiting for price to actually touch the weekly S1 pivot as well just below at 1.3093.

Maybe bearish pennant formed on tf15 and if it zig zags up a little more a rising wedge, breakout to downside. Will see.

kiwi in process of retesting breached descending channel, her reaction will determine above trades,

1. Set sell @3150 without TP in the morning.
2. Go sleep for a while.
3. After few hours wake up and see charts going to 3095 then reverse - priceless.

4. Wait for rain...

I posted the story about this guy yesterday i think.

This article looks to be a joke though. Who the fuck can be attracted to currencies at 11 years old ?

It's mentionned that the guy is a genius because he doubled a 500$ account in one day trading gold...lol what a joke, i'm sure he lost everything the days after. Who never doubled an account in one day in here.

He probably traded All In and went lucky...good for him

From ActionForex.com:

"Euro recovers mildly against dollar today together with European equities as Greek fears recede slightly. France's Societe Generale SA, Italy's Assicurazioni Generali SpA and UniCredit SpA said they'll join the debt swap program. German Development Bank KfW also expressed their participation. Greece's six largest banks National Bank of Greece SA, Alpha Bank SA, EFG Eurobank Ergasias, Piraeus Bank SA, Agricultural Bank of Greece and TT Hellenic Postbank SA will join. Also, the twelve members of the steering committee that formulated the deal will join. That include nine non-Greek banks, BNP Paribas SA, Deutsche Bank AG and Commerzbank, Allianz SE, Axa SA, CNP Assurances SA, Greylock Capital Management, ING Bank and Intesa Sanpaolo SpA. Though, four Greek pension funds refused to join and other funds holding around EUR 6b of bonds need to decide soon.

"Greek finance minister remained optimistic that the participation rate would be above 90%. But markets are expecting around 75% to 90% participation only. In that case, Greece will consult with the official creditors, the EUR and IMF on whether to fill the gap using CACs. And there are uncertainties on whether the bond exchange would be deemed as credit event by ISDA. And below 75% participation could eventually result in disorderly default. Greece's creditors will have to decide before Thursday night on participation and the development will be closely watched by the markets. Suggested readings, Possible Outcomes Of The Greek Debt Swap.


"Technically, the recovery Euro is rather weak so far and the the common currency, along with other European majors, remain vulnerable against dollar. Euro, Sterling and Swiss Franc are steady against each other in crosses though. Commodity currencies are generally weak on risk aversion. We'd like to point out that DOW's sharp selloff this week should mark a near term reversal at least after it failed to sustain above 13000 level, which have been anticipated by us for some time. Deeper selloff would be seen in the stock markets in near term and commodity currencies should remain pressured. Dollar and yen will be favored with dollar having an upper hand."



[What the **** is a CAC?]

Collective Action Clauses

You guys really have balls of steel to take positions right before the Greek bond swap result that we will know tomorrow

Good luck to you