Maybe next week we get a pullback, but this week we go down or sideways. I expect more profits to be booked on equities and commodities before long holiday weekend.
If there was easy money lying around,no one would be forcing it into your
- #26,021
- Apr 4, 2012 1:15am Apr 4, 2012 1:15am
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
- #26,022
- Apr 4, 2012 1:18am Apr 4, 2012 1:18am
- Joined Nov 2008 | Status: fx indices commodities | 4,145 Posts
rat
- #26,023
- Apr 4, 2012 1:24am Apr 4, 2012 1:24am
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
Market sentiment may have changed now bearish. I would expect a retrace by the banks upto 13250-13280 to get weak shorts out the market even take it back through 13300 to really flush out shorts. See if this is the plan for the Brit Traders this morning. its the obvious trick they pull
up at 13370 there have been too many spikes and rejections over the last week quite visible on the charts.
Gold looks very bearish now and without any new QE it may just drift down which will weaken euro.
Btw nice picture
If there was easy money lying around,no one would be forcing it into your
- #26,024
- Apr 4, 2012 1:24am Apr 4, 2012 1:24am
Good morning. Price finally made the dip towards the 1.3250 and broke it all the same twelve hours ago when after the result of FOMC. Now it stands on support around1.3200. Although this is a high demand area, coupled with 50% fib, bullish Gartley and strong support, I think this level will weaken after a bounce at most till 1.3240-50. Now, the real support and some strong thinking for eurusd should be 1.3150 area. Good luck and trade safe!
charting the euro...
- #26,025
- Apr 4, 2012 1:25am Apr 4, 2012 1:25am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #26,026
- Apr 4, 2012 1:32am Apr 4, 2012 1:32am
- Joined Nov 2008 | Status: fx indices commodities | 4,145 Posts
nice to know,whatever it is as long no cha cha moves anymore as am gonna swing until dry
btw nice picture
rat
- #26,027
- Edited 1:49am Apr 4, 2012 1:33am | Edited 1:49am
I wouldn't call it a sure thing either. I never do as we all know anything can happen. However, I am still relying on my perception of market psychology whereby many long equity and commodity positions will be unwound today and tomorrow.
As for Draghi, like I mentioned before, I expect him to be neutral or dovish but certainly not hawkish.
I guess we have to wait and see. If we do get a rebound, I suspect it will be a technical pullback to 1.3250
- #26,028
- Apr 4, 2012 1:34am Apr 4, 2012 1:34am
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
they are already at it!! How predictable! Imagine all the poor retail traders short down here at support and the banks are just ploughing through all there stops cleaning up now
If there was easy money lying around,no one would be forcing it into your
- #26,029
- Apr 4, 2012 1:37am Apr 4, 2012 1:37am
- Joined Nov 2008 | Status: fx indices commodities | 4,145 Posts
ya!Muachhh
rat
- #26,030
- Apr 4, 2012 1:38am Apr 4, 2012 1:38am
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
If there was easy money lying around,no one would be forcing it into your
Hi,
Just want to say hi and i hope i'm welcome here
I have been trading for on and off for tha last 8 years but i'm not much of a forum participator but it gets lonely on my own
Starting Live again today so i will check in every now and then.
Jannie
Just want to say hi and i hope i'm welcome here
I have been trading for on and off for tha last 8 years but i'm not much of a forum participator but it gets lonely on my own
Starting Live again today so i will check in every now and then.
Jannie
- #26,032
- Apr 4, 2012 1:50am Apr 4, 2012 1:50am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #26,034
- Apr 4, 2012 1:54am Apr 4, 2012 1:54am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
I wouldn't call it a sure thing either. I never do as we all know anything can happen. However, I am still relying on my perception of market psychology whereby many long equity and commodity positions will be unwound today and tomorrow.
As for Draghi, like I mentioned before, I expect him to be neutral or dovish but certainly not hawkish.
I guess we have to wait and see. If we do get a rebound, I suspect it will be a technical pullback to 1.3250
Coming to the market yes mentor IMO you are absolutely right about the equity market I am also bearish on it since the start of this week and now more after FOMC...so let see
Bulls Run. Bears Bite. We Profit.
- #26,037
- Apr 4, 2012 1:59am Apr 4, 2012 1:59am
Hello to each family member of EurAnalysis....Sorry it has been few days I was not in touch with all you guys and EurAnalysis because of some problem in my family(relatives) but now its solved....
- #26,038
- Apr 4, 2012 1:59am Apr 4, 2012 1:59am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Yeah, but in this case since price is spreaded... which weights more?
Those who say it cannot be done should not interrupt those who are doing it
- #26,040
- Apr 4, 2012 2:28am Apr 4, 2012 2:28am
That's the big question. I guess we will find out at 1400gmt