does this mean that we finally are going to have a reversal/retrace/correction or whatever?
- #31,142
- May 17, 2012 6:20am May 17, 2012 6:20am
does this mean that we finally are going to have a reversal/retrace/correction or whatever?
So you are playing with fire on forex markets as well
Inserted Video
- #31,143
- May 17, 2012 6:26am May 17, 2012 6:26am
- | Joined May 2012 | Status: Ball reader | 1,034 Posts
Irfandbl - Irfan Double Staff?
So you are playing with fire on forex markets as well
http://www.youtube.com/watch?v=CE-HrTe4HDo
- #31,144
- May 17, 2012 6:39am May 17, 2012 6:39am
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
Yes - PT have such effect on markets.
- #31,146
- May 17, 2012 6:49am May 17, 2012 6:49am
- | Joined May 2012 | Status: Ball reader | 1,034 Posts
Hello everyone.
I hope this finds you well,
I am mostly a silent observe of this thread. You guys are doing a great job. Good Work PT. You have managed to keep this thread organized longer then any thread on FF.
Here are my 2 cents
Market is heavily extended already and is looking for a correction, right now target for correction is around 1.29 as per my charts.
However their are not any positive catalyst to speed up correction right now to create ripple effect and speed up process
What i am seeing right now is that when market goes under 1.2680 big players cover their shorts, and when it goes up they short it again because of absence of any good news.
I expect market to form a strong base in 1.26 region before some 300 pips correction.
PS" Chatter in market that Moody will downgrade 21 spanish banks today near close of American session" So stay safe and please dont try this at home,school or anywhere
Cheers
I hope this finds you well,
I am mostly a silent observe of this thread. You guys are doing a great job. Good Work PT. You have managed to keep this thread organized longer then any thread on FF.
Here are my 2 cents
Market is heavily extended already and is looking for a correction, right now target for correction is around 1.29 as per my charts.
However their are not any positive catalyst to speed up correction right now to create ripple effect and speed up process
What i am seeing right now is that when market goes under 1.2680 big players cover their shorts, and when it goes up they short it again because of absence of any good news.
I expect market to form a strong base in 1.26 region before some 300 pips correction.
PS" Chatter in market that Moody will downgrade 21 spanish banks today near close of American session" So stay safe and please dont try this at home,school or anywhere
Cheers
There are no right and wrong decisions......Only timely decisions
- #31,148
- May 17, 2012 6:53am May 17, 2012 6:53am
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
- #31,149
- May 17, 2012 6:56am May 17, 2012 6:56am
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
- #31,150
- May 17, 2012 6:58am May 17, 2012 6:58am
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
Moody’s to downgrade Spanish banks today: Bloomberg
Thu, May 17 2012, 15:51 CET | Forex Live
By: Jamie Coleman
Citing sources familiar with the matter. Expect the action to come late this afternoon US time, perhaps after the close of the NYSE, though the leak may preempt things and push up the time frame.
There are no right and wrong decisions......Only timely decisions
- #31,152
- May 17, 2012 7:01am May 17, 2012 7:01am
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
- #31,153
- May 17, 2012 7:03am May 17, 2012 7:03am
last time when banks were downgraded we went from 1.26 to 1.34 afterwards
BTW: Since PT is absent let me welcome you to the thread!
And as PT tends to say - look at first page - what ever reasons, but it had to be said
- #31,154
- May 17, 2012 7:05am May 17, 2012 7:05am
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
Yep - in January - actually almost same conditions now...
Yep - in January - actually almost same conditions now...
BTW: Since PT is absent let me welcome you to the thread!
And as PT tends to say - look at first page - what ever reasons, but it had to be said
Let him live before US election, after wards he will got so sleep for 6 months at least
There are no right and wrong decisions......Only timely decisions
- #31,156
- May 17, 2012 7:07am May 17, 2012 7:07am
True. That's why nothing matters except technical analysis.
Traders sentiment and fundamental information is causing what you see in your technical studies.
- #31,157
- May 17, 2012 7:10am May 17, 2012 7:10am
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
And here we disagree - technicals are result of sentiment and fundamentals.
Traders sentiment and fundamental information is causing what you see in your technical studies.
- #31,158
- May 17, 2012 7:11am May 17, 2012 7:11am
Please don't say that..it hurts my bear
Let him live before US election, after wards he will got so sleep for 6 months at least
- #31,160
- May 17, 2012 7:12am May 17, 2012 7:12am
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts