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  • #649,681
  • May 30, 2012 12:53pm May 30, 2012 12:53pm
Quoting Johnny Depp
is it?.. on small TF it is... but for me thats called rangging...anyway, thats a good observation my friend...

every tf under W1 is bullish now to me. If it closes above 1570 today.
  • #649,682
  • May 30, 2012 12:57pm May 30, 2012 12:57pm
Quoting sidhujag
every tf under W1 is bullish now to me. If it closes above 1570 today.
REALLLLYYYYYYYYY
Imanuel Parsifal
  • #649,683
  • May 30, 2012 12:57pm May 30, 2012 12:57pm
Seems to me that it could go down to 1.2360/70 but will see.

Current Bids are not enough to push pair above 1.24 though.
They think they are smarter than I am.
  • #649,684
  • May 30, 2012 1:07pm May 30, 2012 1:07pm
Quoting z3iz3i
seems to me that it could go down to 1.2360/70 but will see.

Current bids are not enough to push pair above 1.24 though.
agree with you on that one 100%...and am looking for more opportunities to better my holdings..cheers
Imanuel Parsifal
  • #649,685
  • May 30, 2012 1:08pm May 30, 2012 1:08pm
Quoting gornet
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...
good probability to do so.
  • #649,686
  • May 30, 2012 1:11pm May 30, 2012 1:11pm
Quoting Atlast
good probability to do so.
Probability it will do so, but not in near future maybe in next year
  • #649,687
  • May 30, 2012 1:12pm May 30, 2012 1:12pm
Quoting gornet
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...
your so gonna get wiped out bro..what where you thinking longing a speed traing in motion,with most of your account for that matter..good luck bro..but i see this lady testing the 1.23xxxarea cheers
Imanuel Parsifal
  • #649,688
  • May 30, 2012 1:13pm May 30, 2012 1:13pm
Quoting sidhujag
every tf under W1 is bullish now to me. If it closes above 1570 today.
' If '... hahaha... if u looking it on W1.. the bullish u r saying already broken 4 weeks ago... since last year sell-off by heavyweight player SOROS and Co., gold making its bearish move on sept. till now... so 'if '... I dont think so..
  • #649,689
  • May 30, 2012 1:23pm May 30, 2012 1:23pm
People still looking to go long, unreal! At what level do you turn bearish, parity?
  • #649,690
  • May 30, 2012 1:25pm May 30, 2012 1:25pm
Every day, the EUR/USD manages to climb a bit only to find another cliff from which to fall. The pundits on Bloomberg TV all seem to be consistently saying that the Euro will keep dropping and that within a year the pair will very likely reach parity.

In the meanwhile, I'll just keep shorting this pair with a wide SL every time the price creeps up a bit and enjoy the ride back down.
  • #649,691
  • May 30, 2012 1:27pm May 30, 2012 1:27pm
Very effective strategy at the moment. The only note of caution is Fed QE, that still seems unlikely at the moment but will be worth keeping an eye on FOMC members comments.

Quoting Vectamart
Every day, the EUR/USD manages to climb a bit only to find another cliff from which to fall. The pundits on Bloomberg TV all seem to be consistently saying that the Euro will keep dropping and that within a year the pair will very likely reach parity.

In the meanwhile, I'll just keep shorting this pair with a wide SL every time the price creeps up a bit and enjoy the ride back down.
  • #649,692
  • May 30, 2012 1:33pm May 30, 2012 1:33pm
Quoting bennyblanco
Very effective strategy at the moment. The only note of caution is Fed QE, that still seems unlikely at the moment but will be worth keeping an eye on FOMC members comments.
Agreed - but any such effects will probably be short-lived and probably overshadowed by the events in the Eurozone.

BTW, I've just cleaned out £10k from my offshore account with Santander - just as a precaution because I think they have a heavy exposure to bad home loans to customers with negative equity. Sooner or later they will need to be re-capitalised and when that happens, the sh*t will really hit the fan.
  • #649,693
  • May 30, 2012 1:35pm May 30, 2012 1:35pm
Quoting bennyblanco
People still looking to go long, unreal! At what level do you turn bearish, parity?
why not let them to keep filling my pocket..please cheers
Imanuel Parsifal
  • #649,694
  • May 30, 2012 1:42pm May 30, 2012 1:42pm
My own subjective support would be 1.2343. If there is no bad news coming from Euro, then it would hang in there. If this support was broken, then have find the slope line for support by connecting the lows. If not, one might use the Fib level to determine the next support.
  • #649,695
  • May 30, 2012 1:43pm May 30, 2012 1:43pm
Quoting sycho
why not let them to keep filling my pocket..please cheers
Mine too! I think they are clinging to the hope that the established down-trend will reverse before their accounts get completely blown. More likely that they're clutching at straws.
  • #649,696
  • May 30, 2012 1:46pm May 30, 2012 1:46pm
Quoting sycho
why not let them to keep filling my pocket..please cheers
hahaha... I know for sure what u mean.... cheers...
  • #649,697
  • May 30, 2012 1:48pm May 30, 2012 1:48pm
Quoting Vectamart
Mine too! I think they are clinging to the hope that the established down-trend will reverse before their accounts get completely blown. More likely that they're clutching at straws.
experience has taught me that the only way many of them would learn a little,is by blowing a couple of account over again,advicing most of them is just a waist of time..when they find them selfs in those positions they just turn into dreamers and wisher,funny though..cheers
Imanuel Parsifal
  • #649,698
  • May 30, 2012 1:57pm May 30, 2012 1:57pm
its just 8 cents fall in EURO.......
  • #649,699
  • May 30, 2012 2:04pm May 30, 2012 2:04pm
Years ago, I recieved a junk mail piece from a cigar smoking cowboy named Ken Roberts who promoted commodities being very simple, didn't believe in any indicators and lived by the pinnochio bar formation.

I blew out my account on short notice and I was hooked! Its been a long road in education and it never ceases to end.
  • #649,700
  • May 30, 2012 2:19pm May 30, 2012 2:19pm
Anyone deluded enough to be buying the euro right now deserves what he gets.

Not picking bottoms and trading with, not against, the trend? Trading 101.

Trying to predict a turnaround right now is senseless.

"There is no end to the raging ocean. The coast can be found only by turning around." (Chinese proverb)
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