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  • #650,581
  • Jun 1, 2012 8:30am Jun 1, 2012 8:30am
Quoting Johnny Bravo
get ready for 1.242xx
im going out guys...happy weekend to all
This ^

Its gonna go up about 100 pips until monday, my say.
  • #650,582
  • Jun 1, 2012 8:31am Jun 1, 2012 8:31am
Gold on steroids !
  • #650,583
  • Jun 1, 2012 8:32am Jun 1, 2012 8:32am
This is called an idiot bull. Hardly buying to get slapped again next week. How pity
You cannot learn better without losing
  • #650,584
  • Jun 1, 2012 8:32am Jun 1, 2012 8:32am
It targets 45/50, test weekly 50%.
They think they are smarter than I am.
  • #650,585
  • Jun 1, 2012 8:32am Jun 1, 2012 8:32am
Quoting forextraderx
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

X
we still have not seen ISM and the market is just stretching a bit after little or no retracement in a very long month. Bad news on ISM and we could see a strong reversal and resumption of trend.
"The market can remain irrational longer than you can remain solvent"
  • #650,586
  • Jun 1, 2012 8:32am Jun 1, 2012 8:32am
Quoting solsys
Look at the 30min chart now and it's a clear reversal and one hell of a blue, green candle.
Closed my longs @ 1.2406 and profit taken. Almost recovered my big time loss 1.5 weeks ago from the profits today and yesterday.

Good luck to the longs who are still up on the train ride.... Keep your SL tights.... the bears are watching.
  • #650,587
  • Jun 1, 2012 8:33am Jun 1, 2012 8:33am
I am crap at fundies, know shish about them really but imo everybody know that QE will happen soon and most of them trying to position themselfs at best possible level - results can be clearly seen on charts - this move is purely QE driven in my opinion.
Gold omg that is something if anybody jumped at 550 he must be dancing macarena right now.
swing it!
  • #650,588
  • Jun 1, 2012 8:34am Jun 1, 2012 8:34am
Glod bless stop loss. On the fence here. Bulls have gone berserker.
"Trading: the hardest easy money you're going to earn." -Mark Douglas.
  • #650,589
  • Jun 1, 2012 8:34am Jun 1, 2012 8:34am
Quoting Z3iz3i
WTF.....

....is someone shorting this right now?
Right! I mean... all things considred, from a purely technical view.... shorting here would be selling after a 1000 pip drop in price that has lacked any illusion of a pullback yet... I mean.... forget that I as well as most of the world probably believes the E/U will drop to at least 1.2000 if not lower...


the chance of it doing so without even a 100 pip pullback once was always pretty slight...

The GREAT thing about the markets are No one needs to do anything right now. One can just sit and wait and see what happens, and get short or long on monday, or some other time, as a clear and more controllable situation presentes itself.

I know that's what I'm doing.
  • #650,590
  • Jun 1, 2012 8:34am Jun 1, 2012 8:34am
WOW!

what a move!

its a pity i decided to give this ride a miss for now.

good trade everyone!
400 pips remaining.
  • #650,591
  • Jun 1, 2012 8:35am Jun 1, 2012 8:35am
Quoting tomspin
I am crap at fundies, know shish about them really but imo everybody know that QE will happen soon and most of them trying to position themselfs at best possible level - results can be clearly seen on charts - this move is purely QE driven in my opinion.
Gold omg that is something if anybody jumped at 550 he must be dancing macarena right now.
My last night doji attack was a pure gamble for fun but hey now 2500 doesn't look so silly does it?
swing it!
  • #650,592
  • Jun 1, 2012 8:35am Jun 1, 2012 8:35am
What a strange day friends!!!
  • #650,593
  • Jun 1, 2012 8:36am Jun 1, 2012 8:36am
Quoting forextraderx
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

X
i agree wait for other people to battle it then come in an trade the momentum
  • #650,594
  • Jun 1, 2012 8:36am Jun 1, 2012 8:36am
  •  alsi
  • | Joined Mar 2012 | Status: The chart is the footprint of money | 40 Posts
There is just no selling and no one is stopping in front of the train .....wow
  • #650,595
  • Jun 1, 2012 8:37am Jun 1, 2012 8:37am
Quoting tomspin
My last night doji attack was a pure gamble for fun but hey now 2500 doesn't look so silly does it?

I warned some bears about this rally today in the morning. i think mother of all rallies is on.
  • #650,596
  • Jun 1, 2012 8:38am Jun 1, 2012 8:38am
well... looks like a good old fashioned short squeeze just might be coming around after all. at this rate, we'll hit 2500 before we slow much, and 2620ish will be the more likely target price for a possible top before retesting the lows...

I really didn't expect this today, but, I guess thats usually when a squeeze is most likley to hit... on the days the most market participants least expect it, right?

X
  • #650,597
  • Jun 1, 2012 8:38am Jun 1, 2012 8:38am
Been looking for this bottom. Nice to be right :-)

Now lets see if it can hold when it sells back down to 1.228 for confirmation.
  • #650,598
  • Jun 1, 2012 8:39am Jun 1, 2012 8:39am
Quoting alsi
There is just no selling and no one is stopping in front of the train .....wow
let all the shorts get flushed out. we will reopen on monday.
  • #650,599
  • Jun 1, 2012 8:40am Jun 1, 2012 8:40am
Not mention any names of some brokers but their feeds totally frozen many times.
There is freakin hell out there.

Ie, you could either get a nice price to sell or buy, or get trapped into positions.
They think they are smarter than I am.
  • #650,600
  • Jun 1, 2012 8:40am Jun 1, 2012 8:40am
Quoting Z3iz3i
WTF.....

....is someone shorting this right now?

Yep - in the hole for about $65 bux, but I got lots of room before this is going to be a concern.


Also, I EXPECT my last sell will be at 1.2516 ish before we start the massive drop to 1.18

All I can say is - if your a bull, you got a good day to get back some of your losses.
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