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  • #644,341
  • May 17, 2012 6:38am May 17, 2012 6:38am
Shooting star on the 15M.
"Trading: the hardest easy money you're going to earn." -Mark Douglas.
  • #644,342
  • May 17, 2012 6:38am May 17, 2012 6:38am
Quoting Unknownpips
Risky because Greece is proverbially ***** major downtrend for days and days and one bullish candlestick will change it? Wait for the next hourly to develop.
I trade my chart, you trade yours is the right thing to do i guess.

And i don't care about the greek or spanish or italian situation.
Nobody in here knows about fundies work...the only good dude i know is Sisse, all other are making up fundies according to their trades
COT: The precious data ignored
  • #644,343
  • May 17, 2012 6:39am May 17, 2012 6:39am
Quoting kuroro001
Waiting waiting then
bear will commit suicide once it reach 2643/36 , or bull have kill it @ 56/65, today london close might be interesting , you know where i place my bet
Mohan
  • #644,344
  • May 17, 2012 6:40am May 17, 2012 6:40am
Time for 1.2650 now ???
  • #644,345
  • May 17, 2012 6:41am May 17, 2012 6:41am
Quoting Kamui
Shooting star on the 15M.
15M LOL
  • #644,346
  • May 17, 2012 6:42am May 17, 2012 6:42am
Quoting mohan76
bear will commit suicide once it reach 2643/36 , or bull have kill it @ 56/65, today london close might be interesting , you know where i place my bet
My bet is the same as yours...always
Almost 2 hours to go...let's see!
COT: The precious data ignored
  • #644,347
  • May 17, 2012 6:44am May 17, 2012 6:44am
Quoting ehabmg12
Time for 1.2650 now ???
1,2625 is more important follow your charts not other traders
swing it!
  • #644,348
  • May 17, 2012 6:48am May 17, 2012 6:48am
dat drop
  • #644,349
  • May 17, 2012 6:57am May 17, 2012 6:57am
Quoting nawafasad1
well it could be and its more likely that its a retracement of the whole thing what started 13 days ago so this little retracement ll go 6.5 days at least
i bought it at 1.269 to go higher sloss 1.2666666666
  • #644,350
  • May 17, 2012 7:03am May 17, 2012 7:03am
Quoting kuroro001
I trade my chart, you trade yours is the right thing to do i guess.

And i don't care about the greek or spanish or italian situation.
Nobody in here knows about fundies work...the only good dude i know is Sisse, all other are making up fundies according to their trades
Is that so? What is your take on the current candlesticks developing - still feeling supremely bullish?
  • #644,351
  • May 17, 2012 7:06am May 17, 2012 7:06am
Quoting Unknownpips
Is that so? What is your take on the current candlesticks developing - still feeling supremely bullish?
I don't look at candlestick separately...i look at my chart as a whole, based on S/R and swings.

Should i be worried ? my MM is not so all is good to me
COT: The precious data ignored
  • #644,352
  • May 17, 2012 7:06am May 17, 2012 7:06am

Market retraced back in the triangle body, which as a consolidation pattern (triangle) very often gives resistance. Market found resistance at the 61.80 % fib retracement of the recent swing down, the Pivot point and the 10 and 20 SMA on the hourly chart which all created the confluence resistance level at about 1.2721.


http://forex-chartanalysis.blogspot.de/
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  • #644,353
  • May 17, 2012 7:06am May 17, 2012 7:06am
hope of qe ?
Mohan
  • #644,354
  • May 17, 2012 7:07am May 17, 2012 7:07am
Start of USD sell-off?
  • #644,355
  • May 17, 2012 7:09am May 17, 2012 7:09am
Quoting mohan76
hope of qe ?
As they said it is on the table, after index release a very possible scenario - this is the only thing that can bring bull for longer at the moment.
swing it!
  • #644,356
  • May 17, 2012 7:09am May 17, 2012 7:09am
Quoting mohan76
hope of qe ?
The world economy is a mess.
Hard to say if QE is again on the table but such a rise is questionnable
COT: The precious data ignored
  • #644,357
  • May 17, 2012 7:10am May 17, 2012 7:10am
big sudden push down on EUR/JPY - that's euro throwing itself into the bull pit
  • #644,358
  • May 17, 2012 7:10am May 17, 2012 7:10am
Adding to my short here 1.27

A close above 1.275ish at 4pm est would signal a coming change in trend possibly.
  • #644,359
  • May 17, 2012 7:12am May 17, 2012 7:12am
If anybody thinking what the heck happen just now???

News

 

  1. The Conference Board's Leading Economic Index slipped 0.1 pct to 95.5 from +0.3 pct in Feb
  2. The leading indicator misses expectations for a rise by 0.1 pct, marks the first drop since Sept 2011
  3. Employment growth slowed in April as employers added 115,000 new jobs to their payrolls

Quotes
"The indicators reflect an economy that's still struggling to gain momentum,"
"Growth is slow, but choppy, and consumers, executives and investors are looking for more progress."
Ken Goldstein, economist, Conference Board

swing it!
  • #644,360
  • May 17, 2012 7:14am May 17, 2012 7:14am
We are very close to 1.2623 absolute low of the year.

According to Paul Tudor Jones technicals precede fundamentals so something will come up to prop things a bit.
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