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EURUSD

  • #650,541
  • Jun 1, 2012 7:58am Jun 1, 2012 7:58am
hahaha what a ride, how many blown account?
  • #650,542
  • Jun 1, 2012 7:58am Jun 1, 2012 7:58am
Risk off perhaps...
Trade what you see..
  • #650,543
  • Jun 1, 2012 7:58am Jun 1, 2012 7:58am
wow! Big vol@ 2335. Could be near reversal?
  • #650,544
  • Jun 1, 2012 8:01am Jun 1, 2012 8:01am
EURUSD on 1 HR chart shows a reversal, i.e. hammer
  • #650,545
  • Jun 1, 2012 8:01am Jun 1, 2012 8:01am
break into 1.23400 and its up we go for me...test 1.23715 and up to 1.24212
There are two opinions in this world, Mine and the wrong one...
  • #650,546
  • Jun 1, 2012 8:02am Jun 1, 2012 8:02am
Quoting solsys
EURUSD on 1 HR chart shows a reversal, i.e. hammer
yup broughtttttttttt
  • #650,547
  • Jun 1, 2012 8:02am Jun 1, 2012 8:02am
Quoting Z Capitals
hahaha what a ride, how many blown account?
None ty I got it right myself..
Was funny to see the sadness in everyone else face.

Quoting Jfk
wow! Big vol@ 2335. Could be near reversal?
Yes, monday and up, especially if europe gets helped by i dont know who that was.
  • #650,548
  • Jun 1, 2012 8:02am Jun 1, 2012 8:02am
@mohan Ohh I didn't know that.

BOJ is definitely doing something. Clicking their mouse perhaps..

One of the reason I don't play risk currency pairs during news period that involve the particular safe haven currency. Play haven/haven.

Logically speaking if US has bad data, USD should drop but USD is considered a safe haven by the markets. People flock to safe haven when there are uncertainties, uncertainties with a safe haven should only attract more money into safe haven.

At least in my mind, maybe I am just screwing with my own mind?
  • #650,549
  • Jun 1, 2012 8:02am Jun 1, 2012 8:02am
Quoting Jfk
wow! Big vol@ 2335. Could be near reversal?
Well, considering stops were run yet the market reversed in force... twice... i get the feeling that larger players used htis as an opportunity to start covering some pretty significant positions....


as I said...i'd be much more cautions of going short if we hit 2300 BEFORE we moved up to a nice shorting level... as it would indicate the intentions of some of the larger players is more likley that of "cutting down euro shorts"...
and who wants to be selling at these levels when the bigger players are trimming back...?

X
  • #650,550
  • Jun 1, 2012 8:03am Jun 1, 2012 8:03am
Quoting forextraderx
Mohan... how do you know it was BoJ? just the PA on the charts? or did you see something on the wires?
they way moved back looks boj,
Mohan
  • #650,551
  • Jun 1, 2012 8:04am Jun 1, 2012 8:04am
Quoting Johnny Bravo
break into 1.23400 and its up we go for me...test 1.23715 and up to 1.24212
Bullish hourly candle with a higher high and higher close and high activity (due to NFP obviously)...may be a temporary reversal
A move above 1,2375 will weaken bears short term.
COT: The precious data ignored
  • #650,552
  • Jun 1, 2012 8:04am Jun 1, 2012 8:04am
Quoting solsys
EURUSD on 1 HR chart shows a reversal, i.e. hammer
TP 1.2400-1.2450

It's been a long while since we got a 1hr chart reversal....

If it's a time to long, this is the time.
  • #650,553
  • Jun 1, 2012 8:06am Jun 1, 2012 8:06am
Sell from 46, SL at BE, TP 1.23
Please, just slap me around if I'm being silly ...
  • #650,554
  • Jun 1, 2012 8:08am Jun 1, 2012 8:08am
This is one of the points from where it might drop, given the current resistance. And now at BE+1, I'm in no fear.

LE : was in no fear.
Please, just slap me around if I'm being silly ...
  • #650,555
  • Jun 1, 2012 8:08am Jun 1, 2012 8:08am
Quoting forextraderx
Man. maybe you missed the part where I said there are lots of ways to trade the market. or somehow thought that statement REALLY was saying "trend trading is for losers".... i'm not sure. but never did I say this, or imply it.

If your kicking butt... congratulations. I'm not saying following the trend is bunk. I'm just saying there was darn good reason for a bounce there, but you wouldn't know that by looking at a chart alone. You can take that information and maybe decide to incorporate it to help tell you when a potential target is likely...
wasnt directed at anyone. i agreed it was an important level. just my week worth of trades and showing people that im getting the results i want and hopefully importance of the trend impacting odds. if you have reasons for your trades thats good enough for you its not my money on the line. i no as a trader we need to believe in our own reasons. because when the shit hits the fan you need to stand by your choices. but a lot of new people are trading longs for no reason. hopefully you made some quick pips of your set up. i just prefer to let the move up happen then sell it. its almost impossible to set a tp against the trend for me. 2 things which i disagree with. trend following is good. and there were obvious reasons for resistance there. full numbers. everything is indicating oversold.
  • #650,556
  • Jun 1, 2012 8:08am Jun 1, 2012 8:08am
Quoting mohan76
they way moved back looks boj,
ya, ok. i completely agree with you there...just wanted to know if you had hard evidence or if it was based on PA.

but ya, they've been saying they would do this... and it's getting up to levles where they wished it never ever got too....

I think theiy are trying to send a very overt message to folks who decided a short USD long JPY trade was the best choice.

truth is... the shorts were right!

but, BoJ doesn't ever seem to care about such things.... oh well, it's their trillions.

My only thoughts now are...come market open next week... is the fear of a "BoJ intervention" gonna be enough to actually create a decent upward swing in usd/jpy?with this data...i tend to doubt it.

X
  • #650,557
  • Jun 1, 2012 8:09am Jun 1, 2012 8:09am
ok, it will close the day on 2365 anyway...
  • #650,558
  • Jun 1, 2012 8:10am Jun 1, 2012 8:10am
Quoting solsys
TP 1.2400-1.2450

It's been a long while since we got a 1hr chart reversal....

If it's a time to long, this is the time.
200MA line broken upwards on 5min chart.
  • #650,559
  • Jun 1, 2012 8:10am Jun 1, 2012 8:10am
Quoting daemon_delux
This is one of the points from where it might drop, given the current resistance. And now at BE+1, I'm in no fear.

LE : was in no fear.
No, probably droping from 61 or .2400
  • #650,560
  • Jun 1, 2012 8:14am Jun 1, 2012 8:14am
What does "checking rates" mean???
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