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  • #649,661
  • May 30, 2012 11:45am May 30, 2012 11:45am
Quoting Price
Still more supports broken over and over again.....

When these trends end, they often tend to end in dramatic fashion. With a huge selloff to breathtaking new lows and a quick recovery of a good portion of that days selloff.

Remember when Gold did that on its first crash to the upper 1500's ?? Having 50 and 100 dollar selloffs.... dramatic.

Euro could continue creeping to these new lows until it crashes, recovers, and causes everyone to finally get on board with the short program.

Then it will be over. It's amazing how these patterns repeat...
If you mean end of bearish trend then,no it is'nt..not even for today..just let london close cool of and you can already see the bold written of the new yorkers..i wont put it not to go deep into1.2300area or lower to 1.22xxx before this new yorkers call it a day..cheers
Imanuel Parsifal
  • #649,662
  • May 30, 2012 11:46am May 30, 2012 11:46am
Quoting Johnny Depp
if I were u.. I will put SL at where u going to close it.. its better.. if it hit, u still got your profit... anyway, nice to see u again...
Always a pleasure Johnny - and its good advice

Since that last post I have closed my remaining short, and have a 0.01 lot trade long , SL 1.2383 TS 20 pips, TP 1.2575

I know its bucking the trend, but the lower charts are looking off to me vs the 4hr

All the longer TF's continue to show that the main downtrend is still valid - so, small lots only
  • #649,663
  • May 30, 2012 11:53am May 30, 2012 11:53am
Tomorrow (my time), is the last trading day for the Month of May

Given the huge decline we had for this month, we may see the start of June to have a rally of sorts - for you Fib traders, 38% retracement is not out of the question
  • #649,664
  • May 30, 2012 11:57am May 30, 2012 11:57am
Quoting sycho
FF-Team,TWEE and Co.have really tried in the past with so many measures and rules introduced,the vouching system have been overhauled a couple of time..But you see my friend no set up is perfect,not when your dealing with global traffic like FF is..yes a small national forum,its possible to attain and control..but here..you might as well shut the whole site down..cheers
Agree - FF is too big place to do that but something like useless gang created would do the job. This thread is a melting pot - wide range from top dogs and their sound charts to complete idiots I call them 8 year olds with questions pre NY close " will we going down another 200 pips? " know what I mean?
Well thats fun but only sometimes.
I am off
till Landan
Stay safe&trade well people
swing it!
  • #649,665
  • May 30, 2012 11:57am May 30, 2012 11:57am
Quoting almo
Tomorrow (my time), is the last trading day for the Month of May

Given the huge decline we had for this month, we may see the start of June to have a rally of sorts - for you Fib traders, 38% retracement is not out of the question
yeah..saw that,would have taken it seriously,where this europe-greek crisis not messing every set up..cheers
Imanuel Parsifal
  • #649,666
  • May 30, 2012 12:04pm May 30, 2012 12:04pm
Quoting tomspin
Agree - FF is too big place to do that but something like useless gang created would do the job. This thread is a melting pot - wide range from top dogs and their sound charts to complete idiots I call them 8 year olds with questions pre NY close " will we going down another 200 pips? " know what I mean?
Well thats fun but only sometimes.
I am off
till Landan
Stay safe&trade well people
cheers mate..enjoy your well earned rest..will be going of in a couple of hr,just want to see the next drop and close a couple of my short then,am goonna grab some pints..cheers
Imanuel Parsifal
  • #649,667
  • May 30, 2012 12:06pm May 30, 2012 12:06pm
Quoting sycho
yeah..saw that,would have taken it seriously,where this europe-greek crisis not messing every set up..cheers
I hear ya Sycho - we can only trade what we see, and clearly, the charts are looking pretty grim if your a Bull


Just the same - 38% from here is over 240 pips, certainly nothing to sneeze at, and its just large enough to cause the weaker hands [of the longer chart traders] to close out their shorts



disclaimer :
****S o there are no misunderstandings - these are just observations, and are not meant to be trading advice ****
  • #649,668
  • May 30, 2012 12:10pm May 30, 2012 12:10pm
Quoting daecpa
Hi everyone,
This morning I entered 3 short positions on eurusd
First one sold 1.2 lots at 1.24344 at 11.20
Second one sold 1.2 lots at 1.24403 at 11.27
Third one sold 1.2 lots at 1.24431
Once the positions were in profit at 12.50 or so, I placed stop loss at 1.2430 in the first one and 1.24380 in the other 2, so as to secure profits. suddenly at 13.00 after the us data, the euro jumped at 1.246xx, and the broker did not respect my sloss and closed at 1.24505 (first one) 1.24661(second) and 1.24665 (third).
I made a complaint and the broker...
Frankly, I think you should find another broker, preferably one that does not have variable spreads. I use intertrader.com and find them to be most efficient with a spread of just 1 pip on EUR/USD, EUR/GBP and AUD/USD
  • #649,669
  • May 30, 2012 12:12pm May 30, 2012 12:12pm
Quoting almo
I hear ya Sycho - we can only trade what we see, and clearly, the charts are looking pretty grim if your a Bull


Just the same - 38% from here is over 240 pips, certainly nothing to sneeze at, and its just large enough to cause the weaker hands [of the longer chart traders] to close out their shorts



disclaimer :
****S o there are no misunderstandings - these are just observations, and are not meant to be trading advice ****
cheers bro..anyone who chooses to take a trade based on any post here,does so at his own disgretion,and is liable for any loss or profit emanating from such decisions....they are not kids..if they want to get burnt let them get burnt cheers
Imanuel Parsifal
  • #649,670
  • May 30, 2012 12:15pm May 30, 2012 12:15pm
Just got Stopped out
  • #649,671
  • May 30, 2012 12:17pm May 30, 2012 12:17pm
Quoting Z3iz3i
If hourly close below 1.2406/07, looking to short.

Asia may be set for recovery a bit but US should sell this some more.
Watching S&P. Looks heavy too. Gold is recovering and looking bullish atm.

Also there are some divergence setting up on E/U.

I threw up a Gartley Butterfly Pattern Indicator on H4 and got this bullish setup today. Have never used it before so I'm not familiar with it. Comments anyone?

Attached Image (click to enlarge)
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  • #649,672
  • May 30, 2012 12:18pm May 30, 2012 12:18pm
Quoting almo
Just got Stopped out
you asked for it bro..sorry i had to take that one off you...cheers
Imanuel Parsifal
  • #649,673
  • May 30, 2012 12:18pm May 30, 2012 12:18pm
Hi,

Micro Account= $40.16
Currency Pair EUR/USD
Volume= 3
Open Trade Below,
Buy=1.2596
Sell=1.2474
How, I close this trade. Please anybody help me .

Best Regrades
Md. Jalal Uddin
  • #649,674
  • May 30, 2012 12:19pm May 30, 2012 12:19pm
Quoting sycho
you asked for it bro..sorry i had to take that one off you...cheers
lol

I should know better than to go against the Nigerian Nightmare!


No worries mate - all in good fun
  • #649,675
  • May 30, 2012 12:23pm May 30, 2012 12:23pm
gold bullish
  • #649,676
  • May 30, 2012 12:23pm May 30, 2012 12:23pm
Quoting almo
lol

I should know better than to go against the Nigerian Nightmare!


No worries mate - all in good fun
cheers bro..still hoping for some more 90-120pips before the new yorkers call it a day..may be 1.2300 or 1.225xx..anyway better luck tommorrow bro..lots of pips..cheers
Imanuel Parsifal
  • #649,677
  • May 30, 2012 12:23pm May 30, 2012 12:23pm
Quoting Atlast
Prepare to buy at 1.2438 for multiday recovery of EU

sl 1.2402
profit target, depends how greedy you are
I didn't take this trade. Should have reposted as it wasn't met in the 15 min T/F/.
New level is closer to 1.2340
  • #649,678
  • May 30, 2012 12:33pm May 30, 2012 12:33pm
Hello guys,

Do you think Euro is going to break level 1.25 ? I'm bullish and a bit worried.... don't wanna close my position cause it is gonna take my whole earn :/

Still being patient...
  • #649,679
  • May 30, 2012 12:37pm May 30, 2012 12:37pm
Quoting sidhujag
gold bullish
is it?.. on small TF it is... but for me thats called rangging...anyway, thats a good observation my friend...
  • #649,680
  • May 30, 2012 12:49pm May 30, 2012 12:49pm
Quoting Trader88q
where are those who told that EUR is over sold in 1,27 ?
Buy 1 Eur for 1 dollar
The longer you trade the easier it becomes, and it's just unbelievable how short term and blind people are... It's been a real eye opener

Bloomberg and cnbc have not got a clue... All they are there for is the day
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