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  • #607,501
  • Mar 12, 2012 2:22am Mar 12, 2012 2:22am
looking to short at 3077, otherwise short at 3117
  • #607,502
  • Mar 12, 2012 2:27am Mar 12, 2012 2:27am
  •  EDG
  • | Joined Feb 2007 | Status: Nothing is fixed. Keep an open mind | 229 Posts
Quoting lsolanki
can anyone tell if greece leaves euro...it is a good news or bad for eurU

instead of speculating whether it's good or bad news will always be a moot point. Even analysts are divided over this. Why not just look at price movement and price behaviour. At least, they provide a more accurate way of telling how the market is taking the news. An analysis no matter how logical and obvious it is can never argue with price movement.
Hindsight is useless if you never learn anything out from it
  • #607,503
  • Mar 12, 2012 2:27am Mar 12, 2012 2:27am
why did price fall for no reason and up for no reason.....
  • #607,504
  • Edited 3:30am Mar 12, 2012 2:30am | Edited 3:30am
Quoting toppz
1. The charts are in for a continuation of the downwards movement.
2. The 4hours chart is showing some signs of weakness, so i have my eyes on this candle and the next for possible retracements
3. My primary objective for the day is 3009-2999 area.

my levels are
3051 3009 2999
Attachment
medium charts are ranging between 3125 and 3081,so the only thing to do is scalp. i entered a scalp trade @3085 for 20pips
i'm still watching 4H closely..
Attached Image
  • #607,505
  • Mar 12, 2012 2:32am Mar 12, 2012 2:32am
Quoting tankokjian
why did price fall for no reason and up for no reason.....
Because they can.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #607,506
  • Mar 12, 2012 2:34am Mar 12, 2012 2:34am
might go down as soon as ucad reaches 9900-9905 - strong support
  • #607,507
  • Mar 12, 2012 2:39am Mar 12, 2012 2:39am
Quoting tankokjian
why did price fall for no reason and up for no reason.....
that's because we are in a range...in a situation like this you pick tops and bottoms
  • #607,508
  • Mar 12, 2012 2:48am Mar 12, 2012 2:48am
Quoting toppz
that's because we are in a range...in a situation like this you pick tops and bottoms
i think it's clearer on this chart..
Attached Image (click to enlarge)
Click to Enlarge Name: 3.jpg Size: 134 KB
  • #607,509
  • Mar 12, 2012 2:49am Mar 12, 2012 2:49am
Morning fellaz, hope you had a great weekend...

Ok, so we got some pretty bad news from China over the weekend. They might be very easily the another target of this recession. This might further reinforce safe haven flows and risk off trades...Watch out for Aussie and Kiwi, Yen might come back into power after that massive rally.

As for EU, we got 3080, technically very important point, bounced there so I wouldnīt be surprised if we saw a minor correction to the upside. Another possibility is small shitty range till FOMC, but letīs just pray that doesnīt happen...All in all, with most probably hawkish/silent FOMC at hand, I will short any correction or local small top big time...

Watch 3112, 3130, 3146 and 3160 to the upside...

Next uber important level to the downside is 2976.

Stay safe and have fun.
Quant Hedge Fund CEO
  • #607,510
  • Mar 12, 2012 2:54am Mar 12, 2012 2:54am
FXMastermind thank you.

Quoting FXMastermind
Morning fellaz, hope you had a great weekend...

Ok, so we got some pretty bad news from China over the weekend. They might be very easily the another target of this recession. This might further reinforce safe haven flows and risk off trades...Watch out for Aussie and Kiwi, Yen might come back into power after that massive rally.

As for EU, we got 3080, technically very important point, bounced there so I wouldnīt be surprised if we saw a minor correction to the upside. Another possibility is small shitty range till FOMC, but letīs just pray that...
  • #607,511
  • Mar 12, 2012 2:55am Mar 12, 2012 2:55am
Quoting FXMastermind
Morning fellaz, hope you had a great weekend...

Ok, so we got some pretty bad news from China over the weekend. They might be very easily the another target of this recession. This might further reinforce safe haven flows and risk off trades...Watch out for Aussie and Kiwi, Yen might come back into power after that massive rally.

As for EU, we got 3080, technically very important point, bounced there so I wouldnīt be surprised if we saw a minor correction to the upside. Another possibility is small shitty range till FOMC, but letīs just pray that...
http://www.forexfactory.com/images/icons/icon14.gif

have them all THX
  • #607,512
  • Mar 12, 2012 2:58am Mar 12, 2012 2:58am
Very bad time to enter due to market Ranging... Careful there.
  • #607,513
  • Mar 12, 2012 3:16am Mar 12, 2012 3:16am
This has to be a record... 15 minutes on a monday and no post on this thread... Damn..
  • #607,514
  • Mar 12, 2012 3:18am Mar 12, 2012 3:18am
so the direction would be purely based on luck at this point .
  • #607,515
  • Mar 12, 2012 3:22am Mar 12, 2012 3:22am
Quoting pipnaija
Very bad time to enter due to market Ranging... Careful there.
Nothing wrong trading ranges
Over thinking over analyzing separates the body from the mind.
  • #607,516
  • Mar 12, 2012 3:26am Mar 12, 2012 3:26am
Quoting toppz
i'm still watching 4H closely..
4H is sorted now but still ranging on medium charts
  • #607,517
  • Mar 12, 2012 3:30am Mar 12, 2012 3:30am
  •  orzels
  • | Joined Nov 2011 | Status: Buy at resistance, Sell at support™ | 309 Posts
Quoting pipnaija
This has to be a record... 15 minutes on a monday and no post on this thread... Damn..
Forum is also on the range
  • #607,518
  • Mar 12, 2012 3:31am Mar 12, 2012 3:31am
Iīd just love to get 3160, but on Monday, before FOMC, without any fundies to move this cart forward...not very likely I am afraid
Quant Hedge Fund CEO
  • #607,519
  • Mar 12, 2012 3:34am Mar 12, 2012 3:34am
Quoting FXMastermind
Morning fellaz, hope you had a great weekend...
Well, how great can a weekend be in a hospital?
Oh but I had 1 very cute visitor: this is Merlin. He's even cuter than the nurses.
Attached Image
New voice message: Why are you calling me? If I need you, I'll call you!
  • #607,520
  • Mar 12, 2012 3:37am Mar 12, 2012 3:37am
dollar strong on vs cad.. looking to bank at 23
eyes on aussie, breaks 0508 - more reason to sell euro
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