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  • #650,561
  • Jun 1, 2012 8:14am Jun 1, 2012 8:14am
If breaks and closes above 60, it is either great buyers trap or pair has found temporary bottom.
They think they are smarter than I am.
  • #650,562
  • Jun 1, 2012 8:15am Jun 1, 2012 8:15am
Quoting tightscalper
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...
Ok, fair enough about it being a general statement...but... and I CAN pull the quote out... you DID say somethihng to the effect of "I can see no reason why to take a long trade at these levels"... or something to that effect.

So, i was responding in large part essentially to that. I can get your quote if I'm not explaining it well. Anyway, price is at the 2360 level i thought could have been good...but i'm not actually trading today. too bad...woulda probably been a good day.

X
  • #650,563
  • Jun 1, 2012 8:16am Jun 1, 2012 8:16am
Quoting AthrunZala
What does "checking rates" mean???
BOJ is like a monster on your wardrobe. Checking rates = He comes out and say "Buu!"
  • #650,564
  • Jun 1, 2012 8:19am Jun 1, 2012 8:19am
Quoting helendm
BOJ is like a monster on your wardrobe. Checking rates = He comes out and say "Buu!"
  • #650,565
  • Jun 1, 2012 8:20am Jun 1, 2012 8:20am
Quoting helendm
BOJ is like a monster on your wardrobe. Checking rates = He comes out and say "Buu!"
Hah... So, that's how Yen bulls spell "Boogie man" in japanese...
  • #650,566
  • Jun 1, 2012 8:21am Jun 1, 2012 8:21am
price has broken above for me...
bought at 400...
waiting for a break above 1.23715 and we will be hitting 1.242xx by the end of friday ....
thank you friends
There are two opinions in this world, Mine and the wrong one...
  • #650,567
  • Jun 1, 2012 8:22am Jun 1, 2012 8:22am
Quoting helendm
BOJ is like a monster on your wardrobe. Checking rates = He comes out and say "Buu!"
He is like the asshole friend that you hate but can't live without.
  • #650,568
  • Jun 1, 2012 8:23am Jun 1, 2012 8:23am
I think alot of late comers are going to get squeezed.
  • #650,569
  • Jun 1, 2012 8:25am Jun 1, 2012 8:25am
went short to early? or i'm gonna be crying the day off?
  • #650,570
  • Jun 1, 2012 8:25am Jun 1, 2012 8:25am
Quoting Z3iz3i
If breaks and closes above 60, it is either great buyers trap or pair has found temporary bottom.
Reminds of of a time about a year ago when GBP/USD was making some serious lows.... and BoE announced they were doing a QE.

GBP/USD sold off strong, only to rebound above the high of the day they made the announcement...within 24 hours.

I do remember it moving up about 1000 pips off that low....

I don't believe for a moment that e/u will do the same... it's also totally different circumstances... a QE by the fed is mroe likely now... and the market is reponding to this.

I'ts just so hard to telll these days, with so many massive conflicting forces acting upon the currency markets. But, minding the trend, plenty of confluence, well planned stops/targets, etc... i'm betting this will still work come monday.

X

X
  • #650,571
  • Jun 1, 2012 8:25am Jun 1, 2012 8:25am
Look at the 30min chart now and it's a clear reversal and one hell of a blue, green candle.
  • #650,572
  • Jun 1, 2012 8:26am Jun 1, 2012 8:26am
guys, get ready to short!! the big players been waiting for this level to short
  • #650,573
  • Jun 1, 2012 8:26am Jun 1, 2012 8:26am
Quoting GTRudeBoy84
I think alot of late comers are going to get squeezed.
And I think the longs are about to find out the Emperor has no clothes.
  • #650,574
  • Jun 1, 2012 8:27am Jun 1, 2012 8:27am
get ready for 1.242xx
im going out guys...happy weekend to all
There are two opinions in this world, Mine and the wrong one...
  • #650,575
  • Jun 1, 2012 8:28am Jun 1, 2012 8:28am
Just look at the USD/JPY! That thing just refuses to budge.

BOJ vs the market.
  • #650,576
  • Jun 1, 2012 8:28am Jun 1, 2012 8:28am
So... if the market can hold these levels...particularly above 2400 into market close... taht short squeeze everyone has been looking to hit?

Ya... this right here... this is what it looks like.

Still to early to say for sure... but, if we hold high into the close... or better still, close right at the highs... that'll really be something to consider.

X
  • #650,577
  • Jun 1, 2012 8:29am Jun 1, 2012 8:29am
Quoting forextraderx
Ok, fair enough about it being a general statement...but... and I CAN pull the quote out... you DID say somethihng to the effect of "I can see no reason why to take a long trade at these levels"... or something to that effect.

So, i was responding in large part essentially to that. I can get your quote if I'm not explaining it well. Anyway, price is at the 2360 level i thought could have been good...but i'm not actually trading today. too bad...woulda probably been a good day.

X
which i cant. you have yours. i do not have my own. really depends on your targets. i have done the whole trading either way. when ever the set up happens its not from me. im extremely trend bias. i find that its about patience and not being caught in a stupid situation when its avoidable. experience makes the trader. im ok taking a few pips at a time, they add up and hopefully my broker fees are tax deductible. to me its due for a pull back. has been for a while but it keeps turning down. and by pull back i mean a two to three day one. or a big gap. i stopped trading on the first 5m bar that closed on 1.2393. so i have been out for quite a while as well.. been trapped in to many trades and forced to watch the gap bet your kicking yourself for not trading.
  • #650,578
  • Jun 1, 2012 8:29am Jun 1, 2012 8:29am
日本の銀行は一生懸命
  • #650,579
  • Jun 1, 2012 8:29am Jun 1, 2012 8:29am
WTF.....

....is someone shorting this right now?
They think they are smarter than I am.
  • #650,580
  • Jun 1, 2012 8:29am Jun 1, 2012 8:29am
Quoting almo
And I think the longs are about to find out the Emperor has no clothes.
Maybe..... maybe.... but... lheh... I wouldn't be short with such momentum moving against me... I may not be long, but I woulndn't chance being short. unless this thing pulls back a good 25-35 pips with conviction.

Of course, I'm just gonna wait for monday. easier pickins...

safer too

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