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  • #648,161
  • May 27, 2012 9:33pm May 27, 2012 9:33pm
Quoting Chicky
What happened?

Did they discover Uranium mines in Greece or what?
Actually, I think they found a rumor of hope that greece is marginally less likley now to reject austerity outright, and merkel is somewhat begrudgingly expressing an openness to some version of "spreading the responsibility" arouind.

Keep in mind far less has kept the euro up for months on end over the past couple years, and at least this time the euro actually responded to bad news.... well.... badly.

And there is something very disconcerting about "record breaking" sentiment readings... I can imagine it's a bit of a game of capital market chicken.... hedge funds and larger market participants each wanting to hold to the bottom, but knowing if one blinks first... the others may follow, and that would put the hurt on whoever is late to the profit taking party.

Or maybe it's just a good low liquidity day to hunt stops on the cheap.

who knows.... i'm just playing it level to level now that we've nearly hit 2600. maybe euro session does something interesting :::

X
  • #648,162
  • May 27, 2012 9:37pm May 27, 2012 9:37pm
Quoting Chicky
What happened?

Did they discover Uranium mines in Greece or what?
that's what is wonder too , so big retail gap ? technically it could not able to take out 2500 on late friday manipulation but this big cap ?

edit cnbc says "Euro Rallies After Pro-Bailout Parties Gain in Opinion Poll"
Mohan
  • #648,163
  • May 27, 2012 9:39pm May 27, 2012 9:39pm
Quoting mohan76
that's what is wonder too , so big retail gap ? technically it could not able to take out 2500 on late friday manipulation but this big cap ?
If it breaks 97, we are going higher.
The Thief of Wall Street
  • #648,164
  • May 27, 2012 9:52pm May 27, 2012 9:52pm
Quoting Chicky
If it breaks 97, we are going higher.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose! You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts……………………… No! Posters on EURUSD thread are NOT independent financial advisors.
The Thief of Wall Street
  • #648,165
  • May 27, 2012 9:58pm May 27, 2012 9:58pm
Quoting Chicky
[color=black][font=Verdana]Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose! You should be aware of all the risks associated with foreign exchange trading, and seek...
lol
no one going to sue you as ff members always win
Mohan
  • #648,166
  • May 27, 2012 10:01pm May 27, 2012 10:01pm
Quoting forextraderx
Actually, I think they found a rumor of hope that greece is marginally less likley now to reject austerity outright, and merkel is somewhat begrudgingly expressing an openness to some version of "spreading the responsibility" arouind.

Keep in mind far less has kept the euro up for months on end over the past couple years, and at least this time the euro actually responded to bad news.... well.... badly.

And there is something very disconcerting about "record breaking" sentiment readings... I can imagine it's a bit of a game of capital market...
Δεν καταλαβαίνω αυτήν την αγορά. Malakias, poly malakias.

This market is too crazy.
The Thief of Wall Street
  • #648,167
  • May 27, 2012 10:05pm May 27, 2012 10:05pm
Quoting mohan76
lol
no one going to sue you as ff members always win
Ooooooooooooops! I don't know why I keep on forgeting this.

Rule #1. No trader on ff ever loses.

Rule #2. In a rare situation, if a ff member ever loses, Rule #1 takes effect.
The Thief of Wall Street
  • #648,168
  • May 27, 2012 10:06pm May 27, 2012 10:06pm
Hmmm... so there is supply around 1.26 level. But, she won't stop. Not before slightly above 1.2626. It's not fundamental, technical or anything this is just how to trade this market for bigger money. If she goes above 1.2635 maybe I'll close my long and ride few pips south and reenter long later just in the middle of those gaps. That will be just shy above 200 pips.
  • #648,169
  • May 27, 2012 10:20pm May 27, 2012 10:20pm
wow, hourly close above 2580.
  • #648,170
  • Edited 10:50pm May 27, 2012 10:34pm | Edited 10:50pm
OK, what started me off was you making a lot of assumptions in your posts with statements like "the sellers are there" etc. etc. How do you know "the sellers were there"? based on what? What I told you was based on facts, newswires, web sites etc.. Then I dug deeper to drive a point home, and that was that. I am not intellectual superior to anybody, and I am not emotionally charged in any way. You must have misread something.. Either way.. That's pretty much it...

Here are the points of interest for whoever is trading today.. m15 26056 upside, 25691 and lower towards 25465. 26422 shows on h1 above 2597 and downside at 25465 just as m15...

Quoting forextraderx
Your really pressing hard on this whole friday action thing... which I already freely admitted that I wasn't paying much attention to, and therefore didn't trade. I also previously stated my response to your comment was essentially an afterthought... and therefore quite minimal. But I did choose 2 things to mention... options and spain. Seems we both agree the catalonian news played the catalyst in fridays move downward, but you'd rather not acknowledge that, because in doing so you've built your hypothesis of my being "full of it" on a singular...
  • #648,171
  • May 27, 2012 10:41pm May 27, 2012 10:41pm
Quoting publicjud
wow, hourly close above 2580.

Damn .. Really? I am away from my mt4 but man your posts are really helping me..
  • #648,172
  • May 27, 2012 10:42pm May 27, 2012 10:42pm
yes it really works, thankx forex factory and thank you veyr much
Quoting Purple
Damn .. Really? I am away from my mt4 but man your posts are really helping me..
  • #648,173
  • May 27, 2012 10:43pm May 27, 2012 10:43pm
wtf
  • #648,174
  • May 27, 2012 10:50pm May 27, 2012 10:50pm
at least as a correction there is a chance for further advance
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  • #648,175
  • May 27, 2012 10:58pm May 27, 2012 10:58pm
  • #648,176
  • May 27, 2012 10:59pm May 27, 2012 10:59pm
EU is stuck between 2500 - 2620...

4th attempt to break 2620..
  • #648,177
  • May 27, 2012 11:12pm May 27, 2012 11:12pm
Probabilities for a nice pull back here to 1.2660 area, as we have a lot of confluence there: pivots, fib levels, resistance and trendlines.
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All posts are my personal opinion
  • #648,178
  • Edited 11:14pm May 27, 2012 11:12pm | Edited 11:14pm
My entry would of been 1.25125, Daily still pushing down, we might get a little breath up, but markets with big "Gap up opens" tend to head back down! Short would of been taking on May 3rd - still in it!

http://i582.photobucket.com/albums/s...llar/Trade.png
Statistical Probability
  • #648,179
  • May 27, 2012 11:14pm May 27, 2012 11:14pm
Question to all of you. Right now we have seen what looks to be nothing out of the usual as a pullback, and probably overdue. However, with Greek bonds @ 30.21 and italty/spain hovering around 6.25, is there any solution in sight?

Let's say Greece stays in the Euro, how long can it last? The bond rates are far from sustainable. What can be done? It honestly seems like the ONLY option would be to leave the Euro at this point. They can't depend on bailouts/emergency liquidity funding in the long term as a source of revenue.
  • #648,180
  • May 27, 2012 11:15pm May 27, 2012 11:15pm
Could we be bottomed out?
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Time turns trend. - W.D. Gann
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