EURUSD

Quoting tightscalper

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you all seem to be focusing on parts of the charts. you dont see the massive run before the condensing of the charts. i mean if you want to go long fine but dont try tell people that its a long bias market now because its not. Lots of new traders come here for advice and this whole im going long thing... .has it paid of recently? to me it looks like its going to drop about 10 000 pips

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Quoting tightscalper

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you all seem to be focusing on parts of the charts. you dont see the massive run before the condensing of the charts. i mean if you want to go long fine but dont try tell people that its a long bias market now because its not. Lots of new traders come here for advice and this whole im going long thing... .has it paid of recently? to me it looks like its going to drop about 10 000 pips

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Quoting tightscalper

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your line drawn in doesnt even meet up with all the bottoms.

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Quoting tightscalper

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you all seem to be focusing on parts of the charts. you dont see the massive run before the condensing of the charts. i mean if you want to go long fine but dont try tell people that its a long bias market now because its not. Lots of new traders come here for advice and this whole im going long thing... .has it paid of recently? to me it looks like its going to drop about 10 000 pips

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Quoting Chicky

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If it comes down 10,000 pips more, I will Wallah sell all my five wives and would go long with that money.

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Quoting Chicky

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If it comes down 10,000 pips more, I will Wallah sell all my five wives and would go long with that money.

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Quoting Chicky

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I agree with you, except that 10,000 pips down thing.

It will be good opportunity to long when fundamentals change but not now. They always change.

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Quoting tightscalper

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you all seem to be focusing on parts of the charts. you dont see the massive run before the condensing of the charts. i mean if you want to go long fine but dont try tell people that its a long bias market now because its not. Lots of new traders come here for advice and this whole im going long thing... .has it paid of recently? to me it looks like its going to drop about 10 000 pips

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Quoting Nachiket

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I sell at 1.2466

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Quoting mohan76

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looks your bit confused with pip and point , 10,000 pip down mean it should reach 0.25 , defiantly it not going to happen , if it go there , thats end of money era and beginning of gold era again or something else

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Quoting Sayap111

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Wish me luck....already long at 1.2470 SL 1.2450
Don't follow me.....

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Quoting tightscalper

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was an exaggeration. but if your looking at the monthly chart... it looks like it has 4000 pips to go down with resistance around 1.12. you have a macd cross fundamentals toboot. i feel i should mention im a scalper here. i dont take long term trades because you never know whats going to happen in the next six months. on the weekly there looks to be a tightening downward channel. but i cant even see any major solid resistance there are a few bounces around this level but that looks to be it. and even looking at it its passed straight over it alot...

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Quoting balanced2012

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why ??? the market is too slow and no clear direction but the general fundemental bearish trend !!! so what is ur reasons for going short here ??

thanks

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Quoting Chicky

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I too see a big drop, but June 7 is the suspension cord limiting the drop to only few hundred points max.

This is what this market does many times. It did this in 2008 (remember that spike upto 1.47000 from this level?) and can do it again:

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Quoting tightscalper

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forget you cant hear the tone of my voice in the exaggerated sarcastic tone... i saw a giant drop and guesstamated. but if this drops like a stone it can drop to around 1.12 all the way down to 85 cents. thats where the last real bottoms that i see are. 4000 odd pips. it could go down that far i mean there is no certainty euro will make it out of this one alive... i mean what happens if germany pulls out of the euro nation...doesnt want to support the others? there are so many possibilities here anything can happen. others could join the nation......

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