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EURUSD

  • #646,061
  • May 22, 2012 11:48am May 22, 2012 11:48am
F**k me, you guys got some complicated charts.
  • #646,062
  • May 22, 2012 11:50am May 22, 2012 11:50am
Quoting michiyo
FXstreet.com (Córdoba) - After closing above 1.28 during Monday's NA session, EUR has retraced these gains and is entering now trading around 1.2745, down 0.6% on the day. According to Camilla Sutton, analyst at Scotiabank, "the weakness came on the back of a downgraded OECD growth forecast, news that the IIF believes loan losses from Spain could range between €218 and €260bn".

Technically speaking, "EUR is flirting with a break of its decade long trend line (off its Jul 2001 low)", said the analyst. "Considering the news flow and market...
the line u just drawn r 'bout to be broken soon.... u know what is the most big boys in this fx afraid of?....greece exit... 80% confirm...there is nothing they can do 'bout it... so the bullish thing we see now on EU is a scam...
  • #646,063
  • May 22, 2012 11:51am May 22, 2012 11:51am
Quoting fxkiller
never give up in trading
  • #646,064
  • May 22, 2012 11:51am May 22, 2012 11:51am
Quoting Johnny Depp
the line u just drawn r 'bout to be broken soon.... u know what is the most big boys in this fx afraid of?....greece exit... 80% confirm...there is nothing they can do 'bout it... so the bullish thing we see now on EU is a scam...
Well said!!!
  • #646,065
  • May 22, 2012 11:57am May 22, 2012 11:57am
h&s in progress at 1hr
  • #646,066
  • May 22, 2012 12:00pm May 22, 2012 12:00pm
Now thats a stop hunt, I have entered another long at 1,2729 with 1,2709 SL and TP at 1,2800 again. Call me silly b@llocks if you want but I think we will form H&S on H1 with 1.2800 as a right top shoulder, and then drop below 1.2700 this is my today's prediction,
Btw there is bullish divergence on M15, M30 & H1 with bullish hammer rejecting support. Even if not for 2800 and my "shampoo theory" we might bounce a bit right here.


http://s16.postimage.org/7woirsxp1/euro.gif
image host
swing it!
  • #646,067
  • May 22, 2012 12:04pm May 22, 2012 12:04pm
Quoting millelire
h&s in progress at 1hr
maybe..

http://i46.tinypic.com/oh8m80.gif
  • #646,068
  • May 22, 2012 12:04pm May 22, 2012 12:04pm
Quoting almo
Well said!!!
well... I know most of us never trade in 2008 where lehman bro2 go down when soros broke BOE... now a similiar thing happens.. only this time greece r going to ruin an EU... this going to make all indicator/pa goes wild.. so..ready your 'ARK' coz we r going south for real... some say 1.22 is a target... but u know what.. its going to be more than that... sell on rallies..
  • #646,069
  • May 22, 2012 12:10pm May 22, 2012 12:10pm
Quoting Johnny Depp
well... I know most of us never trade in 2008 where lehman bro2 go down when soros broke BOE... now a similiar thing happens.. only this time greece r going to ruin an EU... this going to make all indicator/pa goes wild.. so..ready your 'ARK' coz we r going south for real... some say 1.22 is a target... but u know what.. its going to be more than that... sell on rallies..
What 1.22? Counting on only Greece to deliver 1.22?

Throw in Spain and maybe we got it but the real question will be can you short the EURO if the EURO is no more?
  • #646,070
  • May 22, 2012 12:12pm May 22, 2012 12:12pm
Quoting Johnny Depp
well... I know most of us never trade in 2008 where lehman bro2 go down when soros broke BOE... now a similiar thing happens.. only this time greece r going to ruin an EU... this going to make all indicator/pa goes wild.. so..ready your 'ARK' coz we r going south for real... some say 1.22 is a target... but u know what.. its going to be more than that... sell on rallies..

I agree that Euro is going down hard within the next year - the only reason I am hesitant to think its going to blow 1.22 is that the US economy isn't really doing much better.


EUR will likely really get crushed against other currencies such as AUD, NZD , possibly JPY....unfortunately I am not at the point I can trade multiple curriences yet. I may have to switch to the others once we get to 1.22..time will tell...
  • #646,071
  • May 22, 2012 12:14pm May 22, 2012 12:14pm
EUR just a distraction IMO. the real worry is the USD coming off the tracks.

Taxmageddon is just around the corner.

Dollar flight soon to come.
Attached Image (click to enlarge)
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  • #646,072
  • May 22, 2012 12:15pm May 22, 2012 12:15pm
Quoting Esssex
What 1.22? Counting on only Greece to deliver 1.22?

Throw in Spain and maybe we got it but the real question will be can you short the EURO if the EURO is no more?
maybe.. euro is going to crumble like dominoes fallin on each other... well, as a trader I dont worry that much... this is how react... I dont predict this, coz its already happens...
  • #646,073
  • May 22, 2012 12:21pm May 22, 2012 12:21pm
This is why i'm bearish and waiting for a small bull run for a nyce entry
Attached Image (click to enlarge)
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  • #646,074
  • May 22, 2012 12:23pm May 22, 2012 12:23pm
Quoting almo
I agree that Euro is going down hard within the next year - the only reason I am hesitant to think its going to blow 1.22 is that the US economy isn't really doing much better.


EUR will likely really get crushed against other currencies such as AUD, NZD , possibly JPY....unfortunately I am not at the point I can trade multiple curriences yet. I may have to switch to the others once we get to 1.22..time will tell...
actually USD doesnt have to do anything... that is what they r doing now... they trying to maintain their economic level... but EU on the other hand r different...they going down to see Hades... US gov only stay on the side line when that happen... they say they trying to help it out, but I dont thing so...
  • #646,075
  • May 22, 2012 12:30pm May 22, 2012 12:30pm
Here we go challenging 19.
  • #646,076
  • May 22, 2012 12:30pm May 22, 2012 12:30pm
big spike down in 2 minutes...
  • #646,077
  • May 22, 2012 12:35pm May 22, 2012 12:35pm
Quoting Itrade24h
big spike down in 2 minutes...
Because?!? :nerd:
  • #646,078
  • May 22, 2012 12:37pm May 22, 2012 12:37pm
Quoting Itrade24h
big spike down in 2 minutes...
im wrong, no momentum
  • #646,079
  • May 22, 2012 12:41pm May 22, 2012 12:41pm
Just curious if the board had capitulated yet.
  • #646,080
  • May 22, 2012 12:45pm May 22, 2012 12:45pm
Quoting almo
Just curious if the board had capitulated yet.
LOL. The bull signals were completely eliminated the moment 34 went.

Correlation also doesn't give anymore bull signs.
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