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  • #649,701
  • May 30, 2012 2:28pm May 30, 2012 2:28pm
i have to say: i hate such trends!
i like to trade movements not such a market when it goes only in one direction... in the last 6 hours it has fallen from 1.2440 to 1.2360 - so totally 80 pips... the biggest countermove was abt 20 pips...

come on... i want to see some curves (like a beautiful girl )
Pecunia non olet
  • #649,702
  • May 30, 2012 2:29pm May 30, 2012 2:29pm
cool EURO keeps going down, US is very strong and unstoppable, if US keeps going up, then gonna say goodbye to EURO, even though i was saying 1.2343 is the support line.

also discover something, even though the pending homesales data in US was disappointed, yet the US still keep climbing up. As for Gold 1531.64 of support (daily) was hit, they bounced back to current level of 1564-1565. As in next few days, i would still rely on the US currency movement to determine the trending of gold direction while setting the support line at 1531 again.

well i always see the relationship between

cad with oil, gold with US, Euro with US, Aus with Gold and US. Missed the good opp to trade GBP/JPY as it crossed 200MVA line
  • #649,703
  • May 30, 2012 2:30pm May 30, 2012 2:30pm
Very close to a turn around zone on the daily time frame as well as smaller ones.

Although 2200 is the favorable zone for this pair to turn upwards, but small signs that can not be ignored is being found on smaller time frames as well.

Buy zone on the daily time frame is above 2350, between 2350-2400.

First upward reaction to occur at these levels,

Whether it will sustain itself till friday is questionable.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M15.jpg Size: 107 KB
  • #649,704
  • May 30, 2012 2:47pm May 30, 2012 2:47pm
oh yes a strong USd will do wonders for America. just like a strong Yen and a stroing CHF do wonders for their econemy.

why do you think swiss pegged the EURCHF ?

why do you think Japan sometimes intervine on the Yen pairs.

why do you think china tries to keep Yuan as low as possible.

a cheap EUR will do wonders for the export. i bet German econemy will do better then ever because of this.

however the big question will be, will it be any good for spain, italy or france?
  • #649,705
  • May 30, 2012 2:56pm May 30, 2012 2:56pm
Guys, every single 5 pips shop is a success, and you can be glad for it, you making here 100 pips, and you still hoping, that it will finish good for you, you are not a big players, you cannot making BIG positions, you don t have enough money for it, and if you starting with 10 000 US or EURO, you are just a cockroaches in this game, so be happy from small movements, not from big positions.
All the Best
  • #649,706
  • Edited 3:23pm May 30, 2012 2:58pm | Edited 3:23pm
Quoting sycho
why not let them to keep filling my pocket..please cheers
Not yet, brother. I'd rather sacrifice my total earn, than giving away so huge part of it. Still hoping that bulls will come soon and wipe out bears for a moment till 1,25.

I'm newbie and must admit that one pal was right. Don't go long against trend. Hope it's not gonna be a tough lesson
  • #649,707
  • May 30, 2012 2:59pm May 30, 2012 2:59pm
Here is one additional chart...

Quoting Kambooj
Very close to a turn around zone on the daily time frame as well as smaller ones.

Although 2200 is the favorable zone for this pair to turn upwards, but small signs that can not be ignored is being found on smaller time frames as well.

Buy zone on the daily time frame is above 2350, between 2350-2400.

First upward reaction to occur at these levels,

Whether it will sustain itself till friday is questionable.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_Weekly.jpg Size: 131 KB
  • #649,708
  • May 30, 2012 3:05pm May 30, 2012 3:05pm
Quoting Kambooj
Very close to a turn around zone on the daily time frame as well as smaller ones.

Although 2200 is the favorable zone for this pair to turn upwards, but small signs that can not be ignored is being found on smaller time frames as well.

Buy zone on the daily time frame is above 2350, between 2350-2400.

First upward reaction to occur at these levels,

Whether it will sustain itself till friday is questionable.
I've seen this technic before... hahaha... anyway I hope u right 'bout this little bullish.... I really hope for that to happen...
  • #649,709
  • May 30, 2012 3:08pm May 30, 2012 3:08pm
Quoting trade4fun
however the big question will be, will it be any good for spain, italy or france?
All this is because of spain, italy, france. You've got it backwards..

As to the yen, franc, etc. the Market is going to call their bluff same as it did with the sterling some time ago...

BTW, what you see right now is the eurocrats dreams go puff.
  • #649,710
  • May 30, 2012 3:19pm May 30, 2012 3:19pm
Quoting wm-eu
i have to say: i hate such trends!
i like to trade movements not such a market when it goes only in one direction... in the last 6 hours it has fallen from 1.2440 to 1.2360 - so totally 80 pips... the biggest countermove was abt 20 pips...

come on... i want to see some curves (like a beautiful girl )
Then you will get it
  • #649,711
  • May 30, 2012 3:21pm May 30, 2012 3:21pm
I am dumbfounded, and never ceases to amaze me why people are not in a multi week sell position ....

Is there anyone here that can hold a position longer than they can hold water?

I posted yesterday that there was divergence between equities rising and eurousd falling... I warned that there would be an impulsive drop today, did anyone listen.?
  • #649,712
  • May 30, 2012 3:24pm May 30, 2012 3:24pm
Quoting mkvy
I am dumbfounded, and never ceases to amaze me why people are not in a multi week sell position ....

Is there anyone here that can hold a position longer than they can hold water?

Why you think no one is...?

I do think those people aren't constantly checking forums like these and wondering what the little bull or bear is all about
  • #649,713
  • May 30, 2012 3:29pm May 30, 2012 3:29pm
By the time the Euro is through with some retailers, they will be left with no margin to pick bottoms. Hope everyone had a great day. Rinse and Repeat everyday. Just wake up and sell. The only day u close with a loss...it only means a thing...
Don't just beat the markets, leave bruises.
  • #649,714
  • May 30, 2012 3:29pm May 30, 2012 3:29pm
Quoting attila
All this is because of spain, italy, france. You've got it backwards..

As to the yen, franc, etc. the Market is going to call their bluff same as it did with the sterling some time ago...

BTW, what you see right now is the eurocrats dreams go puff.
Yea soo how is this a French problem? I don't see how they caused this other than joining the Euro
  • #649,715
  • May 30, 2012 3:33pm May 30, 2012 3:33pm
Quoting Acroix70
Yea soo how is this a French problem? I don't see how they caused this other than joining the Euro
This is everybody's problem if you so insist. It's not only a sovereign debt problem, it's also a banking system one because they are the ones holding the bags on the PIIGS... French, German etc banks. Do some reading first and then you can have an attitude..

Here's your homework.. Read and then report back..

http://www.reuters.com/article/2012/...84G0JC20120517
  • #649,716
  • May 30, 2012 3:34pm May 30, 2012 3:34pm
Quoting Motion
By the time the Euro is through with some retailers, they will be left with no margin to pick bottoms. Hope everyone had a great day. Rinse and Repeat everyday. Just wake up and sell. The only day u close with a loss...it only means a thing...
They love to fake move the market... That is their skill... London is also a band of poker players... Everyday the real moves are in new York...
When London gets lost home, the true value appears ... And right now , sell to 1.19, minimum take profit... 1.18 if the price takes until the Greek election on 16th June ...
But you'll have to do what few retail traders can seem to do... Hold your position until 16th June... Which I suggest is only possible for the top 5 or 10 percent of traders
  • #649,717
  • May 30, 2012 3:35pm May 30, 2012 3:35pm
Hi All,

I've reading and watching this thread since a while and recently thought of joining, hope I could be some use

Now back to our subject, the stupid and crazy pair EUR/USD! if you guys would look at the monthly chart, you would notice that we have had 5 concecutive bear bars so far, which in the last 10 years, has been so far the maximum number of concecutive bear bars! I'm not indicating that the pair would bounce back, I'm just saying be careful and if you are planning to go short make sure you have a tight S/L!

Safe Trading!
  • #649,718
  • May 30, 2012 3:42pm May 30, 2012 3:42pm
Quoting rudyny
Guys, every single 5 pips shop is a success, and you can be glad for it, you making here 100 pips, and you still hoping, that it will finish good for you, you are not a big players, you cannot making BIG positions, you don t have enough money for it, and if you starting with 10 000 US or EURO, you are just a cockroaches in this game, so be happy from small movements, not from big positions.
All the Best
in my experience.. there is no such thing as big player or small player... big account or small account... at the end u will find it was just U...
there is no secret in this fx trading... as a trader we react, and not need to predict... hahaha..
  • #649,719
  • May 30, 2012 3:42pm May 30, 2012 3:42pm
And btw, before you go blame the PIIGS, and hold the North on a pedestal, remember they were all in it.. Germany profited hugely from the low rates the PIIGS had available.. Guess what kind of products where they buying with the money they didn't have? You guessed.. German made.. Banks also wanted to profit from buying PIIGS gov. debt. How do you like them screaming now? Again, everybody was in it, and now the bills are due.. Bummer..
  • #649,720
  • May 30, 2012 3:51pm May 30, 2012 3:51pm
? 4000 pip profit... Would be like winning the lottery... Trading 10 usd lots...multi stacked... Ummm.. Could be a plan, especially if Greece pulls out the euro
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