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  • #644,861
  • May 18, 2012 2:18pm May 18, 2012 2:18pm
very interesting;next week. BOJ intervention and pro G8 meeting.
  • #644,862
  • May 18, 2012 2:18pm May 18, 2012 2:18pm
Quoting scalperdebes
covering of shorts positions.
why covering short position ? So expecting good news from G8 ?
  • #644,863
  • May 18, 2012 2:18pm May 18, 2012 2:18pm
Quoting todstars2
Wouldnt hold breath. Spikes usually best to short opportunity in a down trending market
This market now is no longer a bear market. Look at 4H and 1D for reference
Trade safe, bro!
  • #644,864
  • May 18, 2012 2:19pm May 18, 2012 2:19pm
look for a close at 4pm est above the down trend line daily chart. then and only then will we have a POSSIBLE change in trend. The close matters
  • #644,865
  • May 18, 2012 2:19pm May 18, 2012 2:19pm
Germany's leader has had telephone contact with the Greek president, amid continuing speculation that his country may have to leave the eurozone.
Find your Favourite Pattern
  • #644,866
  • May 18, 2012 2:19pm May 18, 2012 2:19pm
Quoting kuroro001
It'll break up next week.
There was a reversal at the bottom...and now it's being accumulated at the top.
It may dip below 1,2700 who knows...but next target is 1,279x and maybe 1,284x before doing its next move (up or down)
Are you here to see the spike up?
  • #644,867
  • May 18, 2012 2:20pm May 18, 2012 2:20pm
Quoting binFX
Are you here to see the spike up?
Yes and i love it
COT: The precious data ignored
  • #644,868
  • May 18, 2012 2:22pm May 18, 2012 2:22pm
daily trend line like a magnet. hard to get out of its gravitational pull. takes enough buyers and I ask: where are they on a Friday afternoon?

plenty of people looking to sell above who would love to get out even though.
  • #644,869
  • May 18, 2012 2:22pm May 18, 2012 2:22pm
Quoting kuroro001
Yes and i love it
I didn't see your previous post
Still have to check this 1H close for further confirmation but things look good now.
  • #644,870
  • May 18, 2012 2:23pm May 18, 2012 2:23pm
Quoting thevadd
why covering short position ? So expecting good news from G8 ?
This report might answer your question:
3:03 (Dow Jones) The euro popped up to a fresh session high of $1.2742 as NY trading winds down. Traders say the common currency has been supported today by covering of short positions after its dramatic move below $1.27 this week. After touching below the $1.2650 target in earlier trading, some investors begin unwinding long-standing bets against the currency, says Bob Sinche at RBS. Euro recovery has helped snap a 14-day streak of gains in the ICE dollar index. ([email protected])
Call us at (212) 416-2181 or [email protected]
(END) Dow Jones Newswires
May 18, 2012 15:03 ET (19:03 GMT)2012 Dow Jones & Company, Inc.
  • #644,871
  • May 18, 2012 2:27pm May 18, 2012 2:27pm
I'm off! got my 79 and I reverse to short now. have a nice weekend everyone.
  • #644,872
  • May 18, 2012 2:27pm May 18, 2012 2:27pm
Quoting kuroro001
Yes and i love it
any idea where will it be heading????will it break 1.28????
Super newbie trader
  • #644,873
  • May 18, 2012 2:28pm May 18, 2012 2:28pm
Quoting binFX
This market now is no longer a bear market. Look at 4H and 1D for reference
Trade safe, bro!
im shorting. bet we head back towards the low of the day. too much fear. stronger than hope.
  • #644,874
  • May 18, 2012 2:30pm May 18, 2012 2:30pm
Europe admits Greece exit preparation



http://www.telegraph.co.uk/finance/f...eparation.html
Find your Favourite Pattern
  • #644,875
  • May 18, 2012 2:30pm May 18, 2012 2:30pm
every time i'm falling half asleep, that thing move.. lol
failure is not an option.
  • #644,876
  • May 18, 2012 2:30pm May 18, 2012 2:30pm
Quoting scalperdebes
this report might answer your question:
3:03 (dow jones) the euro popped up to a fresh session high of $1.2742 as ny trading winds down. Traders say the common currency has been supported today by covering of short positions after its dramatic move below $1.27 this week. After touching below the $1.2650 target in earlier trading, some investors begin unwinding long-standing bets against the currency, says bob sinche at rbs. Euro recovery has helped snap a 14-day streak of gains in the ice dollar index. ([email protected])
call us at (212)...
thanks. Appreciate it
  • #644,877
  • May 18, 2012 2:32pm May 18, 2012 2:32pm
Quoting Pipanator
Europe admits Greece exit preparation



http://www.telegraph.co.uk/finance/f...eparation.html
that may move it north next week.
  • #644,878
  • May 18, 2012 2:38pm May 18, 2012 2:38pm
Quoting aaron80
any idea where will it be heading????will it break 1.28????
Today not likely.
It will depends on G8 meeting.

Technically speaking, H1 candle (ain't finished yet) is not looking good where it is now...not to mention all the sellers once we hit 1,2780 area.
COT: The precious data ignored
  • #644,879
  • May 18, 2012 2:41pm May 18, 2012 2:41pm
Quoting kuroro001
Today not likely.
It will depends on G8 meeting.

Technically speaking, H1 candle (ain't finished yet) is not looking good where it is now...not to mention all the sellers once we hit 1,2780 area.
so from what u r saying,i guess it will be more uptrend to go in next week (if G8 meeting came out with favors towards EUR)?????
Super newbie trader
  • #644,880
  • May 18, 2012 2:42pm May 18, 2012 2:42pm
Quoting kuroro001
Today not likely.
It will depends on G8 meeting.

Technically speaking, H1 candle (ain't finished yet) is not looking good where it is now...not to mention all the sellers once we hit 1,2780 area.
when you say 2780 area where exactly coz she has hit 80/85s
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
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