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  • #649,101
  • May 29, 2012 9:49am May 29, 2012 9:49am
Quoting Passerby
But this move driven by US not Euro.
US news, EU news...whatever. Just sell the rallies simple. supports are meant to be broken in a bear market.

I was almost shot for shorting at the London open. Well, london has gone home...see ya all tmao.
Don't just beat the markets, leave bruises.
  • #649,102
  • May 29, 2012 9:49am May 29, 2012 9:49am
Prepare to buy at 1.2438 for multiday recovery of EU

sl 1.2402
profit target, depends how greedy you are
  • #649,103
  • May 29, 2012 9:51am May 29, 2012 9:51am
Gold anyone?
Attached Image (click to enlarge)
Click to Enlarge Name: gold.gif Size: 13 KB
  • #649,104
  • May 29, 2012 9:51am May 29, 2012 9:51am
After taking 51 pips down to 2491. I have a short entry order placed at 2493, Anyone think this is a good strategy at this point?
  • #649,105
  • May 29, 2012 9:52am May 29, 2012 9:52am
Time to go out and see trees and grass and people.
Be back for Landan open - not much will happen today probably crawling slowly up or consolidate
Stay safe & trade well
swing it!
  • #649,106
  • May 29, 2012 9:52am May 29, 2012 9:52am
Quoting Atlast
Prepare to buy at 1.2438 for multiday recovery of EU

sl 1.2402
profit target, depends how greedy you are
and what makes u think it will stop at 1.2438
  • #649,107
  • May 29, 2012 10:00am May 29, 2012 10:00am
Quoting Nachiket
and what makes u think it will stop at 1.2438
because it will. it has to, it has done, and if that's not enough reason look to the 15 min
  • #649,108
  • May 29, 2012 10:02am May 29, 2012 10:02am
Quoting Atlast
because it will. it has to, it has done, and if that's not enough reason look to the 15 min
are u new to forex. why are you looking at 15 min. why don't you look at Daily, H4, H1 and weekly. as far as 15 min is concerned its a dead cat bounce.
  • #649,109
  • May 29, 2012 10:02am May 29, 2012 10:02am
Quoting Atlast
because it will. it has to, it has done, and if that's not enough reason look to the 15 min
Your mistaking the trees for the forest - even if your right, its only to cause pause to the markets - this isn't the bottom by any means
  • #649,110
  • May 29, 2012 10:03am May 29, 2012 10:03am
Quoting Esssex
Yup dollar driven move as well as a sudden drop in Oil prices. Amazing really, seeing as how the oil was the prime reason for holding the EUR at 2540.

Would have been even more amazing if I caught hold of that turn and shorted as well instead of having some ice cream. I lost my abs and pips with that dumb dessert break.
Well that's a cigarette for me... my jaw almost drop when that move happened. At that moment I was looking at gold. One candle difference if you look at the chart now on M15. But no regret here, there is always be another day to take some pips from market.

On my chart the rejection is not backed by convincing volume. While it's clear that long is risky, there is only a mild indication that it will head south not enough for me to take short.
  • #649,111
  • May 29, 2012 10:05am May 29, 2012 10:05am
all i see is shakeout. waiting for some creek jumping now.
big numbers are our friends...
  • #649,112
  • May 29, 2012 10:05am May 29, 2012 10:05am
Quoting almo
Your mistaking the trees for the forest - even if your right, its only to cause pause to the markets - this isn't the bottom by any means
who said anything about bottom, there is no bottom and there is no top
  • #649,113
  • Edited 10:08am May 29, 2012 10:06am | Edited 10:08am
Quoting Passerby
Gold anyone?
I am!!! since the beautiful star, I had to pull over the car while driving home to make a trade in the round hour.
The same I did for others, I think that current hammers shall be false ones for most pairs since it formed so perfect for many pairs.

Good pips for all
  • #649,114
  • May 29, 2012 10:07am May 29, 2012 10:07am
Quoting Nachiket
are u new to forex. why are you looking at 15 min. why don't you look at Daily, H4, H1 and weekly. as far as 15 min is concerned its a dead cat bounce.
because you look at all those tf's then pick your spot where it show
  • #649,115
  • May 29, 2012 10:11am May 29, 2012 10:11am
Quoting Atlast
because you look at all those tf's then pick your spot where it show

ok thats ur call sir. but be careful about bulls. i am however expecting a bounce towards 1.2520 now.
  • #649,116
  • May 29, 2012 10:12am May 29, 2012 10:12am
well new hrly opens below 1.24823 and am short no5 at 1.2481...target 1) 1.2300area...cheers
Imanuel Parsifal
  • #649,117
  • May 29, 2012 10:17am May 29, 2012 10:17am
Quoting donie313
Hi everyone. I am short strangely i now see a bullish butterfly on Daily.
Does someone here trade harmonic patterns ? any thought about them.
I don't see it but I have a Crab on my H4. Confirmation still needed.
  • #649,118
  • May 29, 2012 10:17am May 29, 2012 10:17am
Quoting mikeylp
I am!!! since the beautiful star, I had to pull over the car while driving home to make a trade in the round hour.
The same I did for others, I think that current hammers shall be false ones for most pairs since it formed so perfect for many pairs.

Good pips for all
Dude, you look at the forum while driving? Whoa... that could be dangerous.

Btw, safe trip there.
  • #649,119
  • May 29, 2012 10:18am May 29, 2012 10:18am
Quoting sycho
well new hrly opens below 1.24823 and am short no5 at 1.2481...target 1) 1.2300area...cheers
Sycho, i wanna ask, there is change to bounce (12550), before continue bearish? tq
  • #649,120
  • May 29, 2012 10:18am May 29, 2012 10:18am
Quoting Passerby
Well that's a cigarette for me... my jaw almost drop when that move happened. At that moment I was looking at gold. One candle difference if you look at the chart now on M15. But no regret here, there is always be another day to take some pips from market.

On my chart the rejection is not backed by convincing volume. While it's clear that long is risky, there is only a mild indication that it will head south not enough for me to take short.
Heh, I've been waiting for oil prices to give way for 3 days now and when it did, missed it. It was like a slap to my face.

Just be patient for now and let Asia do the consolidating thing it always does. Not to mention it is nearly end of the month, something to take into account.
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