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  • #3,661
  • May 11, 2012 5:29am May 11, 2012 5:29am
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)
Click to Enlarge Name: eurusd.gif Size: 27 KB
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  • #3,662
  • May 11, 2012 5:45am May 11, 2012 5:45am
Quoting DNTme
0080 will put be ! it's friday...

about euro, im long from 42...small..i think it will retest 2930 then up..let's see
out be euro..shitty pa
fokyou forexfactory
  • #3,663
  • May 11, 2012 5:47am May 11, 2012 5:47am
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...
hmm. i am long euro and aud/usd
looking for investors . pm me
  • #3,664
  • May 11, 2012 5:48am May 11, 2012 5:48am
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 my...
agree with your scenario and invalidation....

pa is shitty for moment..tho on higher tf euro need 3095 to go further down..

looking to buy 2920 with 20 pips stop
fokyou forexfactory
  • #3,665
  • May 11, 2012 5:51am May 11, 2012 5:51am
Originally Posted by Unknownpips http://www.forexfactory.com/images/buttons/viewpost.gif
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.
to stay afloat.
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  • #3,666
  • May 11, 2012 5:52am May 11, 2012 5:52am
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...
like this scenario
looking for investors . pm me
  • #3,667
  • May 11, 2012 6:01am May 11, 2012 6:01am
Quoting kbmoonshinex
like this scenario
Well, non of the scenarios live long enough,
so what I've learnt is to quickly "secure" my positions with proper MM.
When the position is "secured" I am just watching charts like a "football match", favouring my team...
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  • #3,668
  • May 11, 2012 6:23am May 11, 2012 6:23am
l eu 35 sl 30 pips

this trade is taken based on a specific trading system, SonicR

let's see how it goes
Attached Image (click to enlarge)
Click to Enlarge Name: sonic.jpg Size: 102 KB
fokyou forexfactory
  • #3,669
  • May 11, 2012 6:56am May 11, 2012 6:56am
Still holding a nzdusd long from yeterday.. She not looking iod though
  • #3,670
  • May 11, 2012 9:39am May 11, 2012 9:39am
Quoting jayjb
Still holding a nzdusd long from yeterday.. She not looking iod though
maybe close this baby at 0.7890
  • #3,671
  • May 11, 2012 9:51am May 11, 2012 9:51am
dax up, sp up, eg up...all chances for bulls to win this battle
fokyou forexfactory
  • #3,672
  • May 11, 2012 10:14am May 11, 2012 10:14am
Quoting DNTme
dax up, sp up, eg up...all chances for bulls to win this battle
yes. i hold euro and aud longs
looking for investors . pm me
  • #3,673
  • May 11, 2012 10:21am May 11, 2012 10:21am
Quoting kbmoonshinex
yes. i hold euro and aud longs
Think scalping up and down would make me more pips today.
I am keeping my AU short.
This morning been twice pretty nice over 90 pips in profit but didn't close, hoping to grab more.
After news release, 50pips evaporated in 30mins time...
I am damn greedy, damn greedy me

I hope you cashed out some profits
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  • #3,674
  • May 11, 2012 11:21am May 11, 2012 11:21am
Quoting halkins
Think scalping up and down would make me more pips today.
I am keeping my AU short.
This morning been twice pretty nice over 90 pips in profit but didn't close, hoping to grab more.
After news release, 50pips evaporated in 30mins time...
I am damn greedy, damn greedy me

I hope you cashed out some profits

cmon man....on a friday you got greedy? - take what you can and run! enjoy weekend!

aud is building long position in my view...look H4 last 2 candles...both rejected by Monthly S3 !! so, in my view, we are heading to weekly pivot - 1.0250. next week ofcourse!

happy trading

ps: regarding scalping - yes, i took some nice pips here and there..in in good mood (green ) now...
fokyou forexfactory
  • #3,675
  • May 11, 2012 11:48am May 11, 2012 11:48am
Quoting DNTme
cmon man....on a friday you got greedy? - take what you can and run! enjoy weekend!

aud is building long position in my view...look H4 last 2 candles...both rejected by Monthly S3 !! so, in my view, we are heading to weekly pivot - 1.0250. next week ofcourse!

happy trading

ps: regarding scalping - yes, i took some nice pips here and there..in in good mood (green ) now...
Heh, well... you're right, the answer could only be one (in video)

Inserted Video
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  • #3,676
  • May 11, 2012 11:58am May 11, 2012 11:58am
haha, nice
fokyou forexfactory
  • #3,677
  • May 11, 2012 8:06pm May 11, 2012 8:06pm
Quoting jayjb
maybe close this baby at 0.7890
got greedy.. should have gotten out.. with 18pips but only got out with 1pip in the end -__-
  • #3,678
  • May 13, 2012 5:11pm May 13, 2012 5:11pm
s ucad 0016
fokyou forexfactory
  • #3,679
  • May 14, 2012 1:20am May 14, 2012 1:20am
long aussie 0010
looking for investors . pm me
  • #3,680
  • May 14, 2012 2:03am May 14, 2012 2:03am
short cable 6080
looking for investors . pm me
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