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  • #645,401
  • May 21, 2012 9:31am May 21, 2012 9:31am
Quoting kaiza
careful with ur shorts guys i wont recommend that anyone short now ...
if ur not long, stay out till u get a higher probability trade
WHY NOT?
  • #645,402
  • May 21, 2012 9:33am May 21, 2012 9:33am
Yep, its in one of those moods. Spiking for no clear reason, probably a short squeeze

Quoting kaiza
careful with ur shorts guys i wont recommend that anyone short now ...
if ur not long, stay out till u get a higher probability trade
  • #645,403
  • May 21, 2012 9:35am May 21, 2012 9:35am
Quoting Trader8888
WHY NOT?
the simple answer would be "...so u dont lose money"

the technical answer would be ... i dont see any shorting opportunity ... only traders with a bias ...

i dont see short opportunity on any time frame 5, 15, 1h, 4h, daily ... none and thats that ... however i can be wrong so you do what u like cos its ur money...
  • #645,404
  • May 21, 2012 9:37am May 21, 2012 9:37am
Quoting kaiza
the simple answer would be "...so u dont lose money"

the technical answer would be ... i dont see any shorting opportunity ... only traders with a bias ...

i dont see short opportunity on any time frame 5, 15, 1h, 4h, daily ... none and thats that ... however i can be wrong so you do what u like cos its ur money...
<i will listen to you and not open a new shorting position. Thanks for your help.
  • #645,405
  • May 21, 2012 9:38am May 21, 2012 9:38am
  •  wimdb
  • | Joined Feb 2012 | Status: Trading is all about discipline. | 20 Posts
what a bad day for me today, I better listened to the adevice of my broker. They were twice correct. *sigh*
  • #645,406
  • May 21, 2012 9:41am May 21, 2012 9:41am
Quoting wimdb
what a bad day for me today, I better listened to the adevice of my broker. They were twice correct. *sigh*
thus learns the hard way..
  • #645,407
  • May 21, 2012 9:41am May 21, 2012 9:41am
Quoting kaiza
the simple answer would be "...so u dont lose money"

the technical answer would be ... i dont see any shorting opportunity ... only traders with a bias ...

i dont see short opportunity on any time frame 5, 15, 1h, 4h, daily ... none and thats that ... however i can be wrong so you do what u like cos its ur money...
Let us wait and see how H1 will close in 20 minutes there was no spectacular brutal breach of 90 so actually this is the perfect spot to short sell, I am waiting for M15
swing it!
  • #645,408
  • May 21, 2012 9:41am May 21, 2012 9:41am
Quoting BFSGcapital
If it work's dont change it. Although I expect we will break through this trend very soon.

Short at 1.2787, price bounced off of 50% fib, daily pivot, and exhaustion for longs
Stop held by 2 pips, lucky me so far.
An opportunity lost is not a capital cost.
  • #645,409
  • May 21, 2012 9:46am May 21, 2012 9:46am
Quoting Trader8888
<i will listen to you and not open a new shorting position. Thanks for your help.
if you want to go short wait for a proper retrace and a test of previous support from below (in this case 1.2782) then you take a short however PA has to be in your favour.

secondly new york is the only market open now and personally i dont open trades this late
  • #645,410
  • May 21, 2012 9:48am May 21, 2012 9:48am
Going long-Maybe the wide receiver will catch it at 13120
  • #645,411
  • May 21, 2012 9:50am May 21, 2012 9:50am
Quoting Fly2
Going long-Maybe the wide receiver will catch it at 13120

LMAO


Good luck with that
  • #645,412
  • May 21, 2012 9:51am May 21, 2012 9:51am
looks like pump n dump also gold looking weak underperforming vs all
  • #645,413
  • May 21, 2012 9:52am May 21, 2012 9:52am
Grees dont shuse doldrums and will stay Eurozoe, EUR USD can go lower hear put not armageddon this time and after Grees election recover 1,30
  • #645,414
  • May 21, 2012 9:52am May 21, 2012 9:52am
Quoting tomspin
Let us wait and see how H1 will close in 20 minutes there was no spectacular brutal breach of 90 so actually this is the perfect spot to short sell, I am waiting for M15
that analysis is quite valid, but i'm wary of opening counter trades this late ... remember what happened on Friday, whatever is driving the EU has an agenda..

that said we are still below the 23.6 fib from 1.3286 (a short maybe valid, but the entry is not quite clear)
  • #645,415
  • May 21, 2012 9:55am May 21, 2012 9:55am
Tight SL 10 pips

http://s7.postimage.org/bst2sdsxn/euro.gif
upload pictures
swing it!
  • #645,416
  • May 21, 2012 9:56am May 21, 2012 9:56am
I am not going to open a short position for now based on some of your empiral explanations.
  • #645,417
  • May 21, 2012 10:00am May 21, 2012 10:00am
Every price wave, buyer say GOOOO FOR 1.30 !, every wave down, SELL to 1.26 ! that's funny
  • #645,418
  • May 21, 2012 10:00am May 21, 2012 10:00am
Quoting tomspin
Tight SL 10 pips

http://s7.postimage.org/bst2sdsxn/euro.gif
upload pictures
nice my s/l is 1.2796, missed by 2 pips.

price hits 23.6 fib resistance, trendline from 1.328, and exhausted price action
Attached Image (click to enlarge)
Click to Enlarge Name: eurochart4.jpg Size: 246 KB
An opportunity lost is not a capital cost.
  • #645,419
  • May 21, 2012 10:01am May 21, 2012 10:01am
Quoting tomspin
Tight SL 10 pips

http://s7.postimage.org/bst2sdsxn/euro.gif
upload pictures
if it cannot hold 2785 then you think it come down?
  • #645,420
  • May 21, 2012 10:03am May 21, 2012 10:03am
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