what do you mean ?
- #32,441
- May 25, 2012 6:54am May 25, 2012 6:54am
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
- #32,442
- May 25, 2012 7:00am May 25, 2012 7:00am
we have 2-3 weeks until we can see upward trend ...i wish to be like that but right now we see a little bulls trying to move ecb must feed that bulls with some really great news ..great not good!!!!!
so right now lets pray for greece vote with " right" side not with "left" left allready anounces " in we take the power we will leave euro...
,,, so pray .....and after that if grece leave next are spain and italy of italy and spain does not matter with one is next,.,,
so right now lets pray for greece vote with " right" side not with "left" left allready anounces " in we take the power we will leave euro...
,,, so pray .....and after that if grece leave next are spain and italy of italy and spain does not matter with one is next,.,,
- #32,443
- May 25, 2012 7:00am May 25, 2012 7:00am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Talking forex announced that ECB had stepped in to defend Euro according to market talk. If that is true I believe they really don't want 1.25 to be broken today.
What we had at 1.2500 was a barrier option. The dealers who sold these options, were most likely the ones who drove price down to it so that they could keep the 10% premium they charged for the options and not have to pay out the strike price to buy what they (as well as many others) consider to be a crappy currency. Once they were done popping the cherry, obviously they covered their shorts. From there those who had buy orders also got triggered.
Now it is just a matter of how many other traders will cover their shorts before the weekend. Hopefully enough to drive it up to 1.2640 by NY close
Those who say it cannot be done should not interrupt those who are doing it
It was a joke Fahad. If we knew where PA was going, we would all be millionaires. Just sit back and watch. Trade with the trend. Wait til retracement to a level you feel comfortable shorting. Read PT's chart analysis.
but i was looking forward for a tip whether buy or sell at this point. im new so thatswhy i was asking though thankx 
- #32,445
- May 25, 2012 7:05am May 25, 2012 7:05am
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
Horse feathers. ECB would not do that. It would work against them.
What we had at 1.2500 was a barrier option. The dealers who sold these options, were most likely the ones who drove price down to it so that they could keep the 10% premium they charged for the options and not have to pay out the strike price to buy what they (as well as many others) consider to be a crappy currency. Once they were done popping the cherry, obviously they covered their shorts. From there those who had buy orders also got triggered.
Now it is just a matter...
ME. Closed for +40 pip scalp. Not looking to hold long the #$%*.
- #32,446
- May 25, 2012 7:06am May 25, 2012 7:06am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
ME. Closed for +40 pip scalp. Not looking to hold long the #$%*.
Those who say it cannot be done should not interrupt those who are doing it
- #32,447
- May 25, 2012 7:06am May 25, 2012 7:06am
- | Joined Jun 2009 | Status: nothing new under the sun | 1,428 Posts
Allah has permitted trade and has forbidden interest [koran]
- #32,449
- May 25, 2012 7:09am May 25, 2012 7:09am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
yup i know dude
If you feel the need to trade today, do it in a demo account, or if you have at least $10,000 in your account, open a position with 0.01 lots (1 micro lot). With the E/U at the moment, you cannot go wrong by selling it. It may go against you but it will come back in no time at all.
Those who say it cannot be done should not interrupt those who are doing it
- #32,450
- May 25, 2012 7:10am May 25, 2012 7:10am
- | Commercial User | Joined Jun 2009 | 5,468 Posts
I glad my short in EURO AUSSIE, Now kickikg myself to stay back with a reenter on 1.298 and 1.29. There is a good one to get short in the support retest @1.2835. Looking 1.26
Stocktwit: LuisCarlos - twitter: @lcparodi
- #32,451
- May 25, 2012 7:18am May 25, 2012 7:18am
- | Joined Jan 2012 | Status: Your Stop Loss is my Take Profit | 462 Posts
Okay here we are. 1.2500 had its cherry popped. Now can I please have a retrace to 1.2640 to trigger my short. Please!!!
We are currently sitting at the 113% fibo level of this year's Low to High move. Next target will be 123.6% (1.3420 previously mentioned). Obviously the chances of that happening today are slim to none but we've been surprised before. I heard talk of ECB intervention to help float the Euro. Frankly I don't believe it. If the ECB were to get involved, they would buy Spanish bonds, not Euros. It is in Europe's interests...
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
- #32,452
- May 25, 2012 7:27am May 25, 2012 7:27am
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
- #32,453
- Edited 11:46am May 25, 2012 7:33am | Edited 11:46am
- | Commercial User | Joined Apr 2012 | 1,121 Posts
ME. Closed for +40 pip scalp. Not looking to hold long the #$%*.
closed at 25 before the run up to 45, now back down to 25 and i don't know whats going to happen next. Not looking like this uptrend is holding too strong
This market is so volatile though, i hope it stays like this for a while to come, because its been very fun price action lately.
I mean 20 pip swings in 10 minutes? Scalpers paradise
Looks like 5m yellow is holding the move so far but i don't expect much. I was thinking of getting long and going back to bed but I dont think thats a good idea now
I bet we end the day in the 1.2525 to 1.2550/60/ range.And I called it yesterday. That short cover we saw in late Asia/London open was nothing more than to get the price higher for London to beat down.
Ever notice the hammer drops most often around 2-4 hours after London open?
I just don't think there is enough in the bulls to squeeze out another push to 1.26, today anyway. That would be incredible, 1.25 to 1.26 to 1.25 to 1.26 in one day. IMO rangebound.
Enjoy the weekend everyone, I'm going back to bed
Hard to miss all these 10-20 pip scalps but when you are tired, nothing is more important. I'm with you on this PT, I hope we make it back to 1.264. I'd like to have a better spot to short.
*Hopes and prays for short cover today*
An opportunity lost is not a capital cost.
- #32,454
- May 25, 2012 7:34am May 25, 2012 7:34am
- Joined May 2010 | Status: Trader | 2,004 Posts
Horse feathers. ECB would not do that. It would work against them.
What we had at 1.2500 was a barrier option. The dealers who sold these options, were most likely the ones who drove price down to it so that they could keep the 10% premium they charged for the options and not have to pay out the strike price to buy what they (as well as many others) consider to be a crappy currency. Once they were done popping the cherry, obviously they covered their shorts. From there those who had buy orders also got triggered.
Now it is just a matter...
69
- #32,455
- May 25, 2012 7:38am May 25, 2012 7:38am
- | Commercial User | Joined Jun 2009 | 5,468 Posts
Stocktwit: LuisCarlos - twitter: @lcparodi
- #32,456
- May 25, 2012 7:44am May 25, 2012 7:44am
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
- #32,457
- Edited 11:46am May 25, 2012 7:48am | Edited 11:46am
- | Commercial User | Joined Apr 2012 | 1,121 Posts
Right after I post that we get a smack down.
As usual 15m purple rejecting the hell out of Euro, not once but multiple times.
Okay 1.25 please hold...
Just don't want it to make a clear break through 1.25 before the week ends.
As usual 15m purple rejecting the hell out of Euro, not once but multiple times.
Okay 1.25 please hold...
Just don't want it to make a clear break through 1.25 before the week ends.
An opportunity lost is not a capital cost.
- #32,458
- May 25, 2012 7:54am May 25, 2012 7:54am
Right after I post that we get a smack down.
As usual 15m purple rejecting the hell out of Euro, not once but multiple times.
Okay 1.25 please hold...
Just don't want it to make a clear break through 1.25 before the week ends.
- #32,459
- May 25, 2012 7:58am May 25, 2012 7:58am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
1.2640 will give HH and after todays LL it would form messy-bastard-stops-eating DragonCock formation - no good for position trades
Those who say it cannot be done should not interrupt those who are doing it
- #32,460
- May 25, 2012 8:01am May 25, 2012 8:01am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it