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  • #641,841
  • May 9, 2012 3:58pm May 9, 2012 3:58pm
Quoting cher
It is just in a good channel. I am not sure, that's why I am asking here professional traders.
kk, if you were to go long at this level, what is your risk (where would you place a stop, and what is the reward (target).?

sorry to give you a bad news, but there is no professional here. we don't know squat if it's gonna go up or down. the least you can do is to figure out what is the risk vs. reward each time you take the trade.

hope this helps.
  • #641,842
  • May 9, 2012 3:59pm May 9, 2012 3:59pm
Quoting SnaveForex
do you see a potential reversal candle on higher time frame or any time frame at all.....low liquidity
not yet, I am going to wait...
  • #641,843
  • May 9, 2012 4:00pm May 9, 2012 4:00pm
Bullish move completely failed....we'll see if there is another attempt tomorrow.
COT: The precious data ignored
  • #641,844
  • May 9, 2012 4:02pm May 9, 2012 4:02pm
Quoting SnaveForex
there is a rinse and repeat pattern going on
s @ 2968 will hold until london, if bears are in control, i will keep it till the fix at 10.30 est it may be earlier or later +/- 15min. for quick scalp for 30-40 pips and sell the rally around 1-2 est.

this is obvious in es as well same scenario

until a see a reversal on higher time frame. this will be my view
medium target 1.2878
same as my scenario well done!
Nothing is True Everything is Permitted
  • #641,845
  • May 9, 2012 4:04pm May 9, 2012 4:04pm
No retrace to 1.30XX anytime soon i guess. Too late to short or still plenty more down pips to go?
  • #641,846
  • May 9, 2012 4:08pm May 9, 2012 4:08pm
just paid a huge swap..wonder how many contracts are in
  • #641,847
  • May 9, 2012 4:10pm May 9, 2012 4:10pm
Quoting kuroro001
Bullish move completely failed....we'll see if there is another attempt tomorrow.
2874 might bear a chance but we only have to get there
  • #641,848
  • May 9, 2012 4:11pm May 9, 2012 4:11pm
Patience is virtue

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  • #641,849
  • May 9, 2012 4:30pm May 9, 2012 4:30pm
Quoting pkimnyc
kk, if you were to go long at this level, what is your risk (where would you place a stop, and what is the reward (target).?

sorry to give you a bad news, but there is no professional here. we don't know squat if it's gonna go up or down. the least you can do is to figure out what is the risk vs. reward each time you take the trade.

hope this helps.


basically gamblers?
  • #641,850
  • Edited 5:09pm May 9, 2012 4:51pm | Edited 5:09pm
Quoting tomspin
Riding this baby down for exactly the same reason
All the best
Lol, I'm glad you're having fun
New voice message: Why are you calling me? If I need you, I'll call you!
  • #641,851
  • May 9, 2012 5:12pm May 9, 2012 5:12pm
For all of you that trade EU at the moment:

Keep this in mind: Bear is on, we might have slight pull-backs here and there, even a scalp north could be successful, but bear is on.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #641,852
  • May 9, 2012 5:15pm May 9, 2012 5:15pm
Quoting KillerWhale
For all of you that trade EU at the moment:

Keep this in mind: Bear is on, we might have slight pull-backs here and there, even a scalp north could be successful, but bear is on.
agree.. bad chinese data and its down to 1.2... XD
  • #641,853
  • May 9, 2012 5:27pm May 9, 2012 5:27pm
Quoting Resent
agree.. bad chinese data and its down to 1.2... XD
1.2 are u retarded?
  • #641,854
  • May 9, 2012 5:28pm May 9, 2012 5:28pm
daily nzd selloff might have started.
  • #641,855
  • May 9, 2012 5:48pm May 9, 2012 5:48pm
Quoting sidhujag
daily nzd selloff might have started.

lol you talked me into that- 10 pips so far
  • #641,856
  • May 9, 2012 5:52pm May 9, 2012 5:52pm
Quoting kuroro001
Bullish move completely failed....we'll see if there is another attempt tomorrow.
Agreed, was pathetic attempt really, problem is every time her break support and hold is going be harder for bull to break back, is dialema for buyer, where the heell is bottom going to be???
Her has broken some very important supports, for bull to counter and get traction, she going to need strong support and big fundy support, so now is good time to be on top fundy developments,

I cant find any solid fundy support other than bs blabbermouth politicians, rating agencies, will it be enough, we shall see when happen, almost impossible to prepare for maybe
If you are new to Forex? Say Goodbye to your account!!
  • #641,857
  • May 9, 2012 6:08pm May 9, 2012 6:08pm
Quoting KillerWhale
For all of you that trade EU at the moment:

Keep this in mind: Bear is on, we might have slight pull-backs here and there, even a scalp north could be successful, but bear is on.
Yes has been nice ride so far
Support Zone 2927 - 2945 her get and hold below here, train is off to next station get above here and bull in control a bit,
If you are new to Forex? Say Goodbye to your account!!
  • #641,858
  • May 9, 2012 6:29pm May 9, 2012 6:29pm
Quoting MitchL
lol you talked me into that- 10 pips so far
Happened everyday so far this week... probably just retracing... but have ur SL in place just incase
  • #641,859
  • May 9, 2012 6:32pm May 9, 2012 6:32pm
Quoting sidhujag
Happened everyday so far this week... probably just retracing... but have ur SL in place just incase

lol that'd be right I already took a 15 pip x 2 lot loss on it and now it goes
  • #641,860
  • May 9, 2012 6:39pm May 9, 2012 6:39pm
Quoting sidhujag
1.2 are u retarded?
towards*
not literally dude obv i didnt mean 900 points off 1 set of data... u need 2 calm down ^^
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