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  • #648,201
  • May 27, 2012 10:50pm May 27, 2012 10:50pm
Exactly who is running the show here with so many bank holidays today?
  • #648,202
  • May 27, 2012 10:52pm May 27, 2012 10:52pm
Quoting quidproquo
Exactly who is running the show here with so many bank holidays today?
London open , Asia was open , don't forgot London is the center point of financial market.
manipulators and retailers work 24/6
Mohan
  • #648,203
  • May 27, 2012 10:53pm May 27, 2012 10:53pm
Stop loss hunters? This usually is a day by tradition for them.
Please, just slap me around if I'm being silly ...
  • #648,204
  • May 27, 2012 10:55pm May 27, 2012 10:55pm
Quoting quidproquo
Exactly who is running the show here with so many bank holidays today?
London. Usually London and US sets the direction.

Look for just 1 breakout and call it a day.
  • #648,205
  • May 27, 2012 10:57pm May 27, 2012 10:57pm
got 3 shorts 2594 2595 2598
little nervous.
Wondering if this up move has legs.Just can't quiet understand.Greece,Spain in shambles and still going up.
In trading, you have to be defensive and aggressive at the same time
  • #648,206
  • May 27, 2012 10:58pm May 27, 2012 10:58pm
I don't feel comftorable going long this pair, especially at 1.26. Maybe on a clear break of 1.262, I will long with a tight stop below 1.262. But still, the resistance is so close, that I see any longs as quite risky trades.

With low volume today, I don't really see how we are going to push much higher.
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An opportunity lost is not a capital cost.
  • #648,207
  • May 27, 2012 10:59pm May 27, 2012 10:59pm
London has its own interest at stake in seeing a viable Euro, in the short term, (see English interests, Lloyds of London, etc.)...so I guess we can watch this artificially inflate for the next few hours
  • #648,208
  • May 27, 2012 11:00pm May 27, 2012 11:00pm
Quoting Davit
got 3 shorts 2594 2595 2598
little nervous.
Wondering if this up move has legs.Just can't quiet understand.Greece,Spain in shambles and still going up.
Might be a big HF try to swell the price, something similar to the franky bait.

Got 2 shorts myself, similar levels, so let's see how this plays out.
Please, just slap me around if I'm being silly ...
  • #648,209
  • May 27, 2012 11:02pm May 27, 2012 11:02pm
Quoting Davit
got 3 shorts 2594 2595 2598
little nervous.
Wondering if this up move has legs.Just can't quiet understand.Greece,Spain in shambles and still going up.
It probably has. Greek polls show pro-bailout and pro-austerity parties with potentially enough seats to form a coalition government after the Greek elections should things remain this way.

European summit also has decent progress and concrete plans from both pro-austerity and pro-growth nations to stabilize the Euro. Though it remains to be seen how they will compromise but it looks promising.

You may have entered a tad too early, should have waited for London to open and decide whether it wants to buy the positive news out of Europe or just remain bearish on Europe.
  • #648,210
  • May 27, 2012 11:03pm May 27, 2012 11:03pm
Quoting quidproquo
London has its own interest at stake in seeing a viable Euro, in the short term, (see English interests, Lloyds of London, etc.)...so I guess we can watch this artificially inflate for the next few hours
Funny how USD rallies MUCH more often in London than it does in NY, if they have an interest in seeing a viable Euro. I think people more have an interest of not seeing their currency savings devalued.

If you can't beat em, join em.
An opportunity lost is not a capital cost.
  • #648,211
  • May 27, 2012 11:06pm May 27, 2012 11:06pm
As far as I know BIS actively engages itself in the London Session...not the NY Session (could be wrong though)
  • #648,212
  • May 27, 2012 11:07pm May 27, 2012 11:07pm
Quoting daemon_delux
Might be a big HF try to swell the price, something similar to the franky bait.

Got 2 shorts myself, similar levels, so let's see how this plays out.
just closed all my shorts
+5 pips
I know perhaps premature but this PA is unsettling to me.
Good luck to you
In trading, you have to be defensive and aggressive at the same time
  • #648,213
  • May 27, 2012 11:10pm May 27, 2012 11:10pm
dax open over 6400 (+85 point) , franky did not played it's crazy game yet
Mohan
  • #648,214
  • May 27, 2012 11:12pm May 27, 2012 11:12pm
Good morning friends...
so many banks holiday, today is going to be a slow day
2 days were already off and now a third day...so called 24/7 trading pfff...

this this is not falling atm reversal on 5min....
today look for a short entry
There are two opinions in this world, Mine and the wrong one...
  • #648,215
  • May 27, 2012 11:14pm May 27, 2012 11:14pm
Quoting mohan76
dax open over 6400 (+85 point) , franky did not played it's crazy game yet
Dax opened over because of the gap up, it's correlated imo. My outlook is still bearish, but my shorts are on a tight sl (~30 pips each). My guess is we'll be tapping 1.25 yet again today.

And yes, it's a guess, given the fundamentals yet. A surge in a poll is not enough for me.

LE : technically, the ony TF's we're over the 200SMA is 1min and 5min, the rest are under, and 30min is a bit under it, might tap and reverse at 1.2610-1.2615. So, eyes peeled, both technically and fundamentally.
Please, just slap me around if I'm being silly ...
  • #648,216
  • May 27, 2012 11:19pm May 27, 2012 11:19pm
Quoting Johnny Bravo
Good morning friends...
so many banks holiday, today is going to be a slow day
2 days were already off and now a third day...so called 24/7 trading pfff...

this this is not falling atm reversal on 5min....
today look for a short entry
i was actually thinking this weekend t hat if FX were anything more than 24/5, i would probably have to quit trading altogether.

i stare at these charts 8-12 hours a day full time, then i always have my laptop with me during NZ and Asia hours and glance over at it every 5-10 minutes,

takes over your whole life but its worth it
An opportunity lost is not a capital cost.
  • #648,217
  • May 27, 2012 11:20pm May 27, 2012 11:20pm
Quoting mohan76
chicky ,

are you holding your long for 1.42 ? i am still holding my macro it 500 pip under water and 600 pip away from s/l

{it's a wisdom trade. }
No. I closed that long. But waiting for trend reversal, maybe second week of June gives indication. No higher high on daily yet. But 4H giving a sign of trend reversal.
The Thief of Wall Street
  • #648,218
  • May 27, 2012 11:22pm May 27, 2012 11:22pm
No one wants to buy over 1.26, I don't blame them
An opportunity lost is not a capital cost.
  • #648,219
  • May 27, 2012 11:22pm May 27, 2012 11:22pm
Quoting BFSGcapital
i was actually thinking this weekend t hat if FX were anything more than 24/5, i would probably have to quit trading altogether.

i stare at these charts 8-12 hours a day full time, then i always have my laptop with me during NZ and Asia hours and glance over at it every 5-10 minutes,

takes over your whole life but its worth it
But it actually is 24/7... Only retail traders have it 24/5.
  • #648,220
  • May 27, 2012 11:24pm May 27, 2012 11:24pm
possible short entry coming up if we break 900 and hold...
price will go to test the break of 1.25596 and give a run for the gap...looks highly unlikely it will go for the gap given no one is running the show today ...
on the other side break of 1.26019 and we are up to 158ish
There are two opinions in this world, Mine and the wrong one...
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