That is correct. We have a break but it failed to hold and there was no daily confirmation. We need another attempt.
Stocktwit: LuisCarlos - twitter: @lcparodi
- #29,362
- May 7, 2012 10:35am May 7, 2012 10:35am
- 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
- #29,363
- May 7, 2012 10:37am May 7, 2012 10:37am
- Joined Oct 2009 | Status: Whn Market Warms u..U keep it Kool | 6,578 Posts
some news for usd in 1 hr and 24 mins .. 
bye all
bye all
- #29,365
- May 7, 2012 10:42am May 7, 2012 10:42am
- | Joined Jun 2009 | Status: nothing new under the sun | 1,428 Posts
Are you making bullish calls because you have a trade underwater and you are trying to rescue it, or do you have a fundamental reason for being bullish?
The technicals are telling me that there is an excellent short opportunity at (or ahead of) 1.3080 with excellent risk/reward ratio.
Allah has permitted trade and has forbidden interest [koran]
- #29,366
- May 7, 2012 10:43am May 7, 2012 10:43am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
My pos buy 2 lot opened last night, is now closed. Profit 1.3055-1.2988 = 67 pips x 2 lots.
Congratulations
Those who say it cannot be done should not interrupt those who are doing it
- #29,367
- May 7, 2012 10:44am May 7, 2012 10:44am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
gentle piptrapper,gentle
Yes doc. Sorry 
Those who say it cannot be done should not interrupt those who are doing it
- #29,369
- Edited 11:03am May 7, 2012 10:45am | Edited 11:03am
- | Commercial User | Joined Jun 2009 | 5,468 Posts
I lot people here should think that I am crazy because some times change my call to BULL! You could see why in the chart. The pattern to get to 1.20 could be done, but there is a possibility that a bull move around (500-800) pips could happen before Euro gets 99cents. So I am showing the levels where that could happen
BULL
levels (min - max)
1.298 (1.348 - 1.378)
1.280 (1.330 - 1.360)
1.250 (1.300 - 1.330)
When retracement is done or broke 1.2500 what happens first, then the probability to lose a short is zero.
Dont forget this levels until get 99cents
BULL
levels (min - max)
1.298 (1.348 - 1.378)
1.280 (1.330 - 1.360)
1.250 (1.300 - 1.330)
When retracement is done or broke 1.2500 what happens first, then the probability to lose a short is zero.
Dont forget this levels until get 99cents
Stocktwit: LuisCarlos - twitter: @lcparodi
- #29,370
- May 7, 2012 10:51am May 7, 2012 10:51am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
I lot people here should that I am crazy because some times change my call to BULL! You could see why in the chart. The pattern to get to 1.20 could be dont, but there is a possibility that a bull move around (500-800) pips could happen before Euro gets 99cents. So I am showing the levels where that could happen
BULL
levels (min - max)
1.298 (1.348 - 1.378)
1.280 (1.330 - 1.360)
1.250 (1.300 - 1.330)
When retracement is done or broke 1.2500 what happens first, the probability to lose a short is zero....
Those who say it cannot be done should not interrupt those who are doing it
- #29,371
- May 7, 2012 10:53am May 7, 2012 10:53am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
covered my USD/CAD for +36 pips, getting ready to add another sell onto EU, 1.3086 looks like a good spot.
Those who say it cannot be done should not interrupt those who are doing it
- #29,372
- May 7, 2012 11:03am May 7, 2012 11:03am
- | Commercial User | Joined Apr 2012 | 1,121 Posts
An opportunity lost is not a capital cost.
- #29,373
- May 7, 2012 11:05am May 7, 2012 11:05am
- | Commercial User | Joined Apr 2012 | 1,121 Posts
Yes, PT, we triple bottom at 1.26, gold 1520, silver 26, then we get QE3,and everything surges
My prediction! The euro has to be saved, it's far too important of a currency, and the only way to do it is devalue the dollar.
My prediction! The euro has to be saved, it's far too important of a currency, and the only way to do it is devalue the dollar.
An opportunity lost is not a capital cost.
- #29,376
- May 7, 2012 11:32am May 7, 2012 11:32am
Yes, PT, we triple bottom at 1.26, gold 1520, silver 26, then we get QE3,and everything surges
My prediction! The euro has to be saved, it's far too important of a currency, and the only way to do it is devalue the dollar.
And thanks PT for the congrats!
- #29,377
- May 7, 2012 11:40am May 7, 2012 11:40am
- Joined Oct 2009 | Status: Whn Market Warms u..U keep it Kool | 6,578 Posts
where are we?
- #29,378
- May 7, 2012 11:42am May 7, 2012 11:42am
- | Commercial User | Joined Apr 2012 | 1,121 Posts
An opportunity lost is not a capital cost.
- #29,379
- May 7, 2012 11:44am May 7, 2012 11:44am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
But a lower euro also helps the recovery of europe. The fed already identified in Bernankes' speech that a QE will be more likely in 2013/2014, not right now. Theyll only implement it faster than that if and only if upcoming data is far from what they expected.
And thanks PT for the congrats!
If it does go lower, then either the EZ is in big trouble, or it won't stay down there for too long. Just a quick hello at 1.15/1.20 and a quick trip back up to 1.25/1.26, failing which we will see parity or lower and face a huge political crisis for the euro zone as a whole. But that's pure speculation and crystal balling at this point.
Those who say it cannot be done should not interrupt those who are doing it
- #29,380
- May 7, 2012 11:46am May 7, 2012 11:46am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
No way it gets that high (okay anything is possible, but we have already bounced 100 pips).... You mean below 1.3050?
Those who say it cannot be done should not interrupt those who are doing it