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EURUSD

  • #647,181
  • May 24, 2012 6:41am May 24, 2012 6:41am
Quoting kayla2011
back to 1.2575...

i keep thinking maybe fundamentals dont have that much impact. trade your charts

some short term mess needs to be cleared for a long run into 1.28.
  • #647,182
  • May 24, 2012 6:41am May 24, 2012 6:41am
Quoting Nachiket
after this opening 10 minutes will start rising again.
Check again... 10 ticks away
  • #647,183
  • May 24, 2012 6:41am May 24, 2012 6:41am
Quoting Trader2000
I don't think so.
Thar she blows move is done, as am I.
  • #647,184
  • May 24, 2012 6:42am May 24, 2012 6:42am
Quoting Z3iz3i
Fixed income is pretty much flat...

Stocks are volatile and pair is taking range ends on both sides of 1.26...without breaking it either way.

Lots of supply though.

Wait and strike

i dont know, january low was broken so everybody feels real encouraged to short this pair and usually this time there is a surprise move and all the beginners are just blow an other account within a few hours
yes it may go further down as we have to find the new low which will act as support
but.. you also know if short squeeze starts here it may blow up the chart as high as 1.28 and then lots of stops will be triggered...

so i dont know what to do. just watch...
'You must be the change you wish to see in the world' . Gandhi
  • #647,185
  • May 24, 2012 6:43am May 24, 2012 6:43am
Quoting phxmike
you know.. guys like you are coming and going on this site
when they come, they keep saying 'i told you.. i told you' and they are very happy
when they go, they say nothing
they leave very quietly...
yea right...guys like you should not bother to comment on my message....
this was to happen...bulls had to come and test 158 and go down...now the break of 1.25ish and we will be in 1.24
There are two opinions in this world, Mine and the wrong one...
  • #647,186
  • May 24, 2012 6:43am May 24, 2012 6:43am
Quoting kayla2011
Check again... 10 ticks away
hell nooooooooooooooooooooo. is not coming down today.

bernanke is on a mission to sell dollars today.
  • #647,187
  • May 24, 2012 6:44am May 24, 2012 6:44am
Quoting phxmike
i dont know, january low was broken so everybody feels real encouraged to short this pair and usually this time there is a surprise move and all the beginners are just blow an other account within a few hours
yes it may go further down as we have to find the new low which will act as support
but.. you also know if short squeeze starts here it may blow up the chart as high as 1.28 and then lots of stops will be triggered...

so i dont know what to do. just watch...
atleast somebody agrees with me.
  • #647,188
  • May 24, 2012 6:45am May 24, 2012 6:45am
Quoting Unknownpips
Thar she blows move is done, as am I.

where was ur stop?
  • #647,189
  • May 24, 2012 6:46am May 24, 2012 6:46am
Quoting Crassius
.
Alternatives are more important than the plan itself
  • #647,190
  • May 24, 2012 6:46am May 24, 2012 6:46am
Quoting kayla2011
back to 1.2575...

I keep thinking maybe fundamentals dont have that much impact. Trade your charts
bro enjoy the laugh..fundamentals always get burnt when event like the eu crisis pops up with germans and french on opposite side...humans are the most difficult set of entities...the market spells it for it self.let shorting continue.....cheers
Imanuel Parsifal
  • #647,191
  • May 24, 2012 6:46am May 24, 2012 6:46am
Quoting phxmike
i dont know, january low was broken so everybody feels real encouraged to short this pair and usually this time there is a surprise move and all the beginners are just blow an other account within a few hours
yes it may go further down as we have to find the new low which will act as support
but.. you also know if short squeeze starts here it may blow up the chart as high as 1.28 and then lots of stops will be triggered...

so i dont know what to do. just watch...
Nothing a tight stop loss can't prevent.

Anyway, if so many great bull setups which were supported by correlations over the week didn't hold up why would it now?
  • #647,192
  • May 24, 2012 6:48am May 24, 2012 6:48am
look at the hourly matey, bulls still in charge. big picture is down but not today.
  • #647,193
  • May 24, 2012 6:50am May 24, 2012 6:50am
Quoting scalperdebes
look at the hourly matey, bulls still in charge. big picture is down but not today.
true that...the move expired when it touched 1.26158...a break below 1.255ish and bears take over for me
There are two opinions in this world, Mine and the wrong one...
  • #647,194
  • May 24, 2012 6:51am May 24, 2012 6:51am
EUR Short

Entry: 1.2572

Stop: 1.2622
  • #647,195
  • May 24, 2012 6:51am May 24, 2012 6:51am
Quoting Nachiket
where was ur stop?
My Pt was 1.262

my SL was at 1.257 - played it safe.
  • #647,196
  • May 24, 2012 6:51am May 24, 2012 6:51am
Quoting Esssex
Nothing a tight stop loss can't prevent.

Anyway, if so many great bull setups which were supported by correlations over the week didn't hold up why would it now?
sometimes market is tricky
sometimes there is no explanation as a chartist you cant see it
sometimes you just feel hmm 'trouble' in the air
'You must be the change you wish to see in the world' . Gandhi
  • #647,197
  • May 24, 2012 6:52am May 24, 2012 6:52am
Quoting esssex
nothing a tight stop loss can't prevent.

Anyway, if so many great bull setups which were supported by correlations over the week didn't hold up why would it now?
looks like your finally getting the picture..even if all the technical analysis shows that the pair is due for a rise..there is just nothing encouraging coming out europe for any one long with his money...cheers
Imanuel Parsifal
  • #647,198
  • May 24, 2012 6:52am May 24, 2012 6:52am
Quoting Nachiket
atleast somebody agrees with me.
that's cool! but we can make any agreement if the market goes against us we suck
'You must be the change you wish to see in the world' . Gandhi
  • #647,199
  • May 24, 2012 6:53am May 24, 2012 6:53am
Quoting mv6
e/u next move to 2530 ?
if goes there u have a beer from me ...
  • #647,200
  • May 24, 2012 6:54am May 24, 2012 6:54am
  •  wimdb
  • | Joined Feb 2012 | Status: Trading is all about discipline. | 20 Posts
short since 1.25343 SL 1.26350
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