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  • #642,381
  • May 11, 2012 4:36am May 11, 2012 4:36am
Quoting fxkiller
hmm we should touch now 2950-70

scalping long here.. lets see
Nice call!
May the forex be with you |
  • #642,382
  • May 11, 2012 4:38am May 11, 2012 4:38am
Quoting swing 123
Is it possible for you to tell current move down bottom so that we could make lots of money buying this shit and become billionaire like george soros or may be like cloggie?
go here.. i am not too good teaching but i know somebody you can learn from. google "forexcube Tasayc thread''

dont be confused too a lot of us make money. i made a lot before joining and it doesnt stop.. just decided to join when i couldnt stop laughing everyday.

goodluck.
  • #642,383
  • May 11, 2012 4:41am May 11, 2012 4:41am
Quoting daemon_delux

Anyway, it's gonna fall like a brick.
There is absolutely no reason atm for such a heavy conclusion mate, please share with me if you can I will listen with attention.
swing it!
  • #642,384
  • May 11, 2012 4:45am May 11, 2012 4:45am
I am selling gbp/jpy and Buy usd/cad right now
usd/gbp look like go back to test 1.6080
target p/y 1.2835, strong support 1.2862. if it break i will wait for it hit target
target usd/cad 1.0078

hope the trades go well
  • #642,385
  • May 11, 2012 4:45am May 11, 2012 4:45am
Quoting tomspin
There is absolutely no reason atm for such a heavy conclusion mate, please share with me if you can I will listen with attention.
Fundamentals drive it there. Think of this : Euro region is in secession. France has just changed his president, miss Merkel is going in political campaigns, not being sure of her part, Spain can't make it's deficit target, german 30yr bonds are down, spanish bonds are down, Italy's bonds are decreasing in value.

On the other side, the trendline is going to the bottom, it's having small retraces, correlations would go down without big boys's support.

So, imho, both technical and fundamental pov's are shooting downwards.
Please, just slap me around if I'm being silly ...
  • #642,386
  • May 11, 2012 4:47am May 11, 2012 4:47am
Quoting daemon_delux
Fundamentals drive it there. Think of this : Euro region is in secession. France has just changed his president, miss Merkel is going in political campaigns, not being sure of her part, Spain can't make it's deficit target, german 30yr bonds are down, spanish bonds are down, Italy's bonds are decreasing in value.

On the other side, the trendline is going to the bottom, it's having small retraces, correlations would go down without big boys's support.

So, imho, both technical and fundamental pov's are shooting downwards.
I'm a chartist fundamentals speak to me through candles, but I respect your view, best of luck - stick to your plan
swing it!
  • #642,387
  • May 11, 2012 4:52am May 11, 2012 4:52am
Quoting daemon_delux
Fundamentals drive it there. Think of this : Euro region is in secession. France has just changed his president, miss Merkel is going in political campaigns, not being sure of her part, Spain can't make it's deficit target, german 30yr bonds are down, spanish bonds are down, Italy's bonds are decreasing in value.

On the other side, the trendline is going to the bottom, it's having small retraces, correlations would go down without big boys's support.

So, imho, both technical and fundamental pov's are shooting downwards.
Good point. That's why pending short order from 1.2961
  • #642,388
  • May 11, 2012 4:57am May 11, 2012 4:57am
Quoting daemon_delux
Fundamentals drive it there. Think of this : Euro region is in secession. France has just changed his president, miss Merkel is going in political campaigns, not being sure of her part, Spain can't make it's deficit target, german 30yr bonds are down, spanish bonds are down, Italy's bonds are decreasing in value.

On the other side, the trendline is going to the bottom, it's having small retraces, correlations would go down without big boys's support.

So, imho, both technical and fundamental pov's are shooting downwards.
You seem very sure of your fundamental, be careful that the market is made of money and fear.
There is only one right price.... what the customer is willing to pay !
  • #642,389
  • May 11, 2012 5:02am May 11, 2012 5:02am
Where are those people short right at the support? You guys crack me up every-time

Short right at the point of reversal, nice contrarian indicator lol Zero profit, instantly under the water
  • #642,390
  • May 11, 2012 5:03am May 11, 2012 5:03am
Quoting duyk20
Where are those people short right at the support? You guys crack me up every-time
ROFL
Hedge Fund Manager
  • #642,391
  • May 11, 2012 5:13am May 11, 2012 5:13am
Quoting fxkiller
hmm we should touch now 2950-70

scalping long here.. lets see

as submitted 2950 reached. EU under 2980 is still bearish for me.. will get my next setup aroun 2970-80
  • #642,392
  • May 11, 2012 5:15am May 11, 2012 5:15am
Quoting kuroro001
2 billions hurt! I wish it was involving trading forex, it would have meant some of us gained a part of what they lost
now days retailer smarter than bankers , they know how to read bankers recommendation and they sleep next to pc when they have open trade
Mohan
  • #642,393
  • May 11, 2012 5:18am May 11, 2012 5:18am
Quoting mohan76
now days retailer smarter than bankers , they know how to read bankers recommendation and they sleep next to pc when they have open trade


retailers are mostly smarter than bankers, the only difference is the MONEYYYY Size.. :crying:
  • #642,394
  • May 11, 2012 5:22am May 11, 2012 5:22am
Quoting fxkiller


retailers are mostly smarter than bankers, the only difference is the MONEYYYY Size.. :crying:
once we have good mm , money not a big deal , all we have to do follow them till they have ammo , once they run out ammo we should start taking profit. they will apear on Bloomberg and recommend shorting, but we should start building long from next day
Mohan
  • #642,395
  • May 11, 2012 5:25am May 11, 2012 5:25am
Morning Guys.
Did we have yesterday a corrective movement?
Yeah,,, I think we did…
Reading today’s news it looks we had a nice example of so called “FLAT CORRECTION”
I do agree, we had ABC pattern fulfilled and miserable bullish attempt to break resistance.
We even made new hilarious 10pip highs.
In my opinion, this all together indicates how weak bulls are at this moment.
My PLAN for today is to SELL on highs targeting 1.28700, or even lower 1.28300
Tough SL above 1.29800…

Invalidation;
Remember, this is only MY plan and this bearish scenario is fully rejected and invalidated if price goes above 1,29800.

Attached Image (click to enlarge)
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  • #642,396
  • May 11, 2012 5:37am May 11, 2012 5:37am
stay tight

Greece's far left Syrizia leader is expected to make a statement at the top of the hour. Expect some fireworks if he hints at elections
Mohan
  • #642,397
  • May 11, 2012 5:37am May 11, 2012 5:37am
Quoting halkins
Morning Guys.
Did we have yesterday a corrective movement?
Yeah,,, I think we did…
Reading today’s news it looks we had a nice example of so called “FLAT CORRECTION”
I do agree, we had ABC pattern fulfilled and miserable bullish attempt to break resistance.
We even made new hilarious 10pip highs.
[color=black][font=Verdana]In...
I would like to add that with the US data due out later today, a strong move either way is possible. There is some bullish sentiment for the euro at the moment even though most other major pairs are down against the dollar.

A break above 1.30 would significantly alter the daily outlook and pave way for further gains. It all depends on the US data so probably best to close trades or wait for it to come out - Euro is riding on thin ice.
  • #642,398
  • May 11, 2012 5:42am May 11, 2012 5:42am
I think, it'll be down in 1-2 hours. Iam keeping my short.
  • #642,399
  • May 11, 2012 5:45am May 11, 2012 5:45am
Look at the top shadows and rejection after rejection I placed small short
Killer - great call on 2950

http://s15.postimage.org/qul1qtbor/euro.gif
upload pictures
swing it!
  • #642,400
  • May 11, 2012 5:45am May 11, 2012 5:45am
Quoting Unknownpips
I would like to add that with the US data due out later today, a strong move either way is possible. There is some bullish sentiment for the euro at the moment even though most other major pairs are down against the dollar.

A break above 1.30 would significantly alter the daily outlook and pave way for further gains. It all depends on the US data so probably best to close trades or wait for it to come out - Euro is riding on thin ice.
Agree.
On the other hand we are "bombarded" everyday with such a number of breaking news either from US, Greece, Portugal, Spain etc... that every day trading is a cracky business, sentiments change throughout the day.
Let alone selling bonds, political disturbances, bank interventions, elections etc etc...
Wow, it's really hard to stay afloat.
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