Attachments: EURUSD

EURUSD

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#647,201
May 24, 2012 8:54am May 24, 2012 8:54am

almo
| Joined Feb 2008 | Status: Suffering from Casandra syndrome | 1,384 Posts

Quoting Esssex

Disliked

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?

Ignored

You guys are using the wrong charts - anything < 4h is just asking to be fleeced.

Bull Traps are easily seen , if you know what your looking for.

#647,202
May 24, 2012 8:55am May 24, 2012 8:55am

Nachiket
| Membership Revoked | Joined Jul 2011 | 3,291 Posts

Quoting phxmike

Disliked

that's cool! but we can make any agreement if the market goes against us we suck

Ignored

yes we may be wrong. i am not playig this bull or bear run either till 1.28 or 1.25 is taken out.

#647,203
May 24, 2012 8:56am May 24, 2012 8:56am

Nachiket
| Membership Revoked | Joined Jul 2011 | 3,291 Posts

Quoting Nachiket

Disliked

yes we may be wrong. i am not playig this bull or bear run either till 1.28 or 1.25 is taken out.

Ignored

my last short at 1.2595 and 1.2573 i cleared at 1.2535.

#647,204
May 24, 2012 8:57am May 24, 2012 8:57am

Nachiket
| Membership Revoked | Joined Jul 2011 | 3,291 Posts

Quoting Unknownpips

Disliked

My Pt was 1.262

my SL was at 1.257 - played it safe.

Ignored

50 pips was safe but nowadays 50 pips happen in 20 mins for this pair.

#647,205
May 24, 2012 8:58am May 24, 2012 8:58am

Esssex
| Joined Apr 2012 | Status: Trader | 1,066 Posts

Quoting almo

Disliked

You guys are using the wrong charts - anything < 4h is just asking to be fleeced.

Bull Traps are easily seen , if you know what your looking for.

Ignored

I dont make my decisions off charts.

If you look at my description it says chart ILLITERATE. I don't understand charts at all, never have and never will.

I make all my intraday decisions based on fundamentals(correlation) and use S/R to time entries.

#647,206
May 24, 2012 8:59am May 24, 2012 8:59am

Z3iz3i
Joined Aug 2008 | Status: Fear makes us see who we really are | 4,822 Posts

Quoting almo

Disliked

You guys are using the wrong charts - anything < 4h is just asking to be fleeced.

Bull Traps are easily seen , if you know what your looking for.

Ignored

Maybe better say, sellers want to get better price for their money.

They are buyers and sellers both.

They think they are smarter than I am.

#647,207
May 24, 2012 9:02am May 24, 2012 9:02am

kuroro001
Joined Jul 2007 | Status: Trader | 17,796 Posts

Waiting for a run up to 1,263x...max 1,267x (if 1,2685 is broken then welcome 1,2800)

Otherwise the obvious 1,2500 on the downside.

COT: The precious data ignored

#647,208
May 24, 2012 9:03am May 24, 2012 9:03am

sycho
Joined Sep 2007 | Status: Senior Member | 2,939 Posts

Quoting phxmike

Disliked

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

Ignored

i know the feeling bro..and it does'nt help one bit if as a charting your ignore every event going on in the real world and stick strictly to chart formation..i grew to understand that a bull formation can form out of a falling market without any market confidence to go up,as was very much evident through the whole week..such period are when hard core chartis get dangerously wounded..as was much evident during the full blown recession..cheers

Imanuel Parsifal

#647,209
May 24, 2012 9:04am May 24, 2012 9:04am

todstars2
| Joined Dec 2011 | Status: Trader | 1,121 Posts

EUR Short

Entry: 1.2572

Stop: 1.2622

#647,210
May 24, 2012 9:06am May 24, 2012 9:06am

mohan76
Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts

Quoting Z3iz3i

Disliked

Maybe better say, sellers want to get better price for their money.

They are buyers and sellers both.

Ignored

ny will answer your question after London close , time for sleeping i will watch my chart tomorrow

Bloomi talking about parity

, if it go party who going to save USA and china ?

Mohan

#647,211
May 24, 2012 9:06am May 24, 2012 9:06am

almo
| Joined Feb 2008 | Status: Suffering from Casandra syndrome | 1,384 Posts

Quoting Esssex

Disliked

I dont make my decisions off charts.

If you look at my description it says chart ILLITERATE. I don't understand charts at all, never have and never will.

I make all my intraday decisions based on fundamentals(correlation) and use S/R to time entries.

Ignored

Essex....first, let me apologize. It was not my intent to do a reply to your specific post. It was meant to be a general one.

If you want any assistance with reading a chart, just ask.

#647,212
May 24, 2012 9:06am May 24, 2012 9:06am