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  • #648,781
  • May 29, 2012 2:56am May 29, 2012 2:56am
At this stage, price is struggling to go up.
Closed my long, even though i should have waited for 75 at least.
COT: The precious data ignored
  • #648,782
  • May 29, 2012 2:56am May 29, 2012 2:56am
Quoting kuroro001
Why not short at 80 if you know it's going there?
yes, thank you.
Daily Target: 20 pips
  • #648,783
  • May 29, 2012 2:57am May 29, 2012 2:57am
Quoting Nachiket
and what did these three multi billion dollar hedge funds do yesterday. they bought when the euro went down to 1.2520. u trust them and the shit they say. donno mke that mistake. they want you to be on the wrong side of the trade.
I have no idea what they did yesterday. I dont' even know if what was said was true (though I assume it likley is)

All I know is SOMEONE big will think that MAYBE some ELSE big might act on it, or is acting.

And that's how short squeezes start.

And as for yesterday, the greek polls being positive was hopeful in the early part of the day... and that's what I was watching as I was positiong yesterday.

I don't care what they are saying or doing or thinking. I care if what they are saying or doing or thinking worries OTHER traders.


And at least for the last 30ish pips... shorts look very very worried to me

X
  • #648,784
  • May 29, 2012 2:58am May 29, 2012 2:58am
Quoting kuroro001
At this stage, price is struggling to go up.
Closed my long, even though i should have waited for 75 at least.
I just keep sliding my stop up a bit... probably use the stop as the target. Tho i'll take some profit (if i still have a trade on) when we get around 1.2600 and again at 1.2620ish

X
  • #648,785
  • May 29, 2012 3:01am May 29, 2012 3:01am
Quoting untusoft
Wow... how close that SL...
only 3 pips...
If it going 2495 we must call you a witch ...
happy green pips...
Thanks mate! It ended up red.

Quoting Nachiket
his margin must be incredibly high. 50 dollars per pip maybe?
Naaa. Doesn't have to be high margin. Let's just say you need to know when your speculation fails or when it works. And a break of 62 would be the definition of going higher.
Don't just beat the markets, leave bruises.
  • #648,786
  • May 29, 2012 3:03am May 29, 2012 3:03am
German CPI falls by 0.2% in May in both Brandenberg and Hesse. dax falling

(2 states if iam not wrong)
Mohan
  • #648,787
  • May 29, 2012 3:05am May 29, 2012 3:05am
Quoting mohan76
German CPI falls by 0.2% in May in both Brandenberg and Hesse. dax falling

(2 states if iam not wrong)
Nice. And those are 2 provinces.
Please, just slap me around if I'm being silly ...
  • #648,788
  • May 29, 2012 3:06am May 29, 2012 3:06am
Quoting mohan76
German CPI falls by 0.2% in May in both Brandenberg and Hesse dax falling

This short squeeze in the making may just not get made.

I closed about half my position...and the rest is at +3... probably stop, oh well. Maybe another day.

X
  • #648,789
  • May 29, 2012 3:06am May 29, 2012 3:06am
shorted 70, bears turn
An opportunity lost is not a capital cost.
  • #648,790
  • May 29, 2012 3:10am May 29, 2012 3:10am
Quoting forextraderx
This short squeeze in the making may just not get made.

I closed about half my position...and the rest is at +3... probably stop, oh well. Maybe another day.

X
Congrats on the call, it's good you closed green pips. better luck next time, mate
Please, just slap me around if I'm being silly ...
  • #648,791
  • May 29, 2012 3:11am May 29, 2012 3:11am
scalp
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  • #648,792
  • May 29, 2012 3:12am May 29, 2012 3:12am
I won't short this pair until it heads above 1,2575

Between 33 and 75 is a No Man's Land to me.
COT: The precious data ignored
  • #648,793
  • May 29, 2012 3:14am May 29, 2012 3:14am
Quoting BFSGcapital
shorted 70, bears turn
again test low if dont break i think e/u big bounce
More on my Blog...
  • #648,794
  • May 29, 2012 3:14am May 29, 2012 3:14am
Well, just took my last trade of the day here... long of course.


I still see too much buying pressure at this level for now.

I feel the least solid about this trade.... and I may not even have a 50/50 shot at it, but with better than a 2:1, I'm willing to take it.

Though, I get the feeling I might just regret it.

Here's to an interesting market tonight.

X
  • #648,795
  • May 29, 2012 3:16am May 29, 2012 3:16am
Quoting Motion
Thanks mate! It ended up red.



Naaa. Doesn't have to be high margin. Let's just say you need to know when your speculation fails or when it works. And a break of 62 would be the definition of going higher.
Hi man,
I'm riding short position too, at about 1.2560...
But I like scalp ... only 5-10 pips..
Imagine if your SL not that close, I think that's the right decision....

Much appreciated...
  • #648,796
  • May 29, 2012 3:16am May 29, 2012 3:16am
broker feed


Chinese banks told to boost lending as growth slows, it's good news for risk currency
Mohan
  • #648,797
  • May 29, 2012 3:18am May 29, 2012 3:18am
Quoting kuroro001
I won't short this pair until it heads above 1,2575

Between 33 and 75 is a No Man's Land to me.
set alarm and watch movie , i have placed pending , i don't see much room for downside if it go pending long waiting
Mohan
  • #648,798
  • May 29, 2012 3:24am May 29, 2012 3:24am
I swear to god I'll start slaughterin penguins if the market doesn't behave.
Please, just slap me around if I'm being silly ...
  • #648,799
  • May 29, 2012 3:25am May 29, 2012 3:25am
Quoting mohan76
set alarm and watch movie , i have placed pending , i don't see much room for downside if it go pending long waiting
That's what i do...watchin movie, playing chess...and later today gym club.
Life of a currency trader can be awesome sometimes
COT: The precious data ignored
  • #648,800
  • May 29, 2012 3:25am May 29, 2012 3:25am
I wonder where all the money is today.

Risk on across all asset classes but FX. Dollar weak today as well.
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