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  • #651,381
  • Jun 4, 2012 8:20pm Jun 4, 2012 8:20pm
Quoting tightscalper
http://www.youtube.com/watch?v=rugDq...ature=youtu.be

i agree with this video. it is coming on to decision time now. it will either be just a pull back or a bullish reversal today. im not sure so im still out. to much indecision and i cant see any real reason to take trades by my own set of rules. good luck if you do but i havent been hearing of to many winners atm.
We may have to wait a day. Another London Bank holiday.
  • #651,382
  • Jun 4, 2012 8:23pm Jun 4, 2012 8:23pm
Quoting 2+2=4ex
the only lesson one can take from the past is that crazy things are possible. A 1000 pip spike in one week has happened. This is not exclusive to bulls or bears. Everyone takes losses. It's how you take them that will make the difference.

1(50%) 2(25%) 3(12.5%) 4(6.25%) 5(3.13%) 6(1.56%) 7(0.78%) 8(0.395) 9(0.195%) 10(0.09%)

might of messed up
  • #651,383
  • Jun 4, 2012 8:23pm Jun 4, 2012 8:23pm
I'm long at 2529.5, very little risk, but shooting for 40 pips up, or stopping at about 40 pips down. With this type of momentum, where we are right now seems rather split right in the center of the previous range from 2496 - 2623

typically, when price pushes like it just did into a price range... it'll move to the other end of it before something changes... and that move upwards we just had seems to look like buyers are desperate.

and I don't really see any possible pockets of limit buy orders until at least 2554+ and more likely 2574+.

and with some of the shorts who are still holding from the 2473-2509 probably pretty hungry to cover, i don't think we'll see much lower than the top of that range until we touch 2550+

But who knows... i was wrong on the "short to 2460 from 2500" trade. lol.

X
  • #651,384
  • Jun 4, 2012 8:24pm Jun 4, 2012 8:24pm
well, technical, is now the up for more 20 pips
  • #651,385
  • Jun 4, 2012 8:24pm Jun 4, 2012 8:24pm
Quoting 2+2=4ex
We may have to wait a day. Another London Bank holiday.
yeah i wont be trading until anything decisive happens.i just got myself a kick ass bathrobe, and will be chilling in that having a coffee and relaxing. trading is about increasing lifes pleasure not about driving your self nuts sitting waiting for things to happen. am amazed at how much the little things still please me though. a day in a bathrobe not doing anything.
  • #651,386
  • Jun 4, 2012 8:24pm Jun 4, 2012 8:24pm
Quoting 2+2=4ex
The only lesson one can take from the past is that crazy things are possible. A 1000 pip spike in one week has happened. This is not exclusive to bulls or bears. Everyone takes losses. It's how you take them that will make the difference.
Any good bounce before meet the target consider a chance for opposition.
We didn't forget european liars who always create drama on good bounce. Don't you think their bluff can push the price above 1.30 during thousand pips retracement? How many times they will fail while price is reasonable to buy the euro?
I don't think any EU country will leave eurozone. And they visited 1.227x to offer the cheapest rate for buyers.
You cannot learn better without losing
  • #651,387
  • Jun 4, 2012 8:32pm Jun 4, 2012 8:32pm
Quoting tightscalper
yeah i wont be trading until anything decisive happens.i just got myself a kick ass bathrobe, and will be chilling in that having a coffee and relaxing. trading is about increasing lifes pleasure not about driving your self nuts sitting waiting for things to happen. am amazed at how much the little things still please me though. a day in a bathrobe not doing anything.
Haha, good man. Bathrobes are great. Does it have your initials stitched in them? That makes it cooler, but not neccessary to enjoy. I need to get me a new one myself. Regards.
  • #651,388
  • Jun 4, 2012 8:37pm Jun 4, 2012 8:37pm
Quoting forexings
Any good bounce before meet the target consider a chance for opposition.
We didn't forget european liars who always create drama on good bounce. Don't you think their bluff can push the price above 1.30 during thousand pips retracement? How many times they will fail while price is reasonable to buy the euro?
I don't think any EU country will leave eurozone. And they visited 1.227x to offer the cheapest rate for buyers.
I would be cautious with making predictions. Unless you know something not many people know, we're all just guessing really. Myself included. I can't honestly sit here and pretend like this is all some scheme to give buyers a better price. What are you going to say if price is at 1.15 in two months? Big buyers are setting themselves up even more?
  • #651,389
  • Jun 4, 2012 8:43pm Jun 4, 2012 8:43pm
Quoting burt
1(50%) 2(25%) 3(12.5%) 4(6.25%) 5(3.13%) 6(1.56%) 7(0.78%) 8(0.395) 9(0.195%) 10(0.09%)

might of messed up
Are those for fixed lot sizes or pip distance? Regardless, any strategy centered on money management will require plenty of time on some occasions. In my opinion, not worth the time. That's just my opinion though.

ADD: positive swap included.
  • #651,390
  • Jun 4, 2012 8:51pm Jun 4, 2012 8:51pm
Quoting forextraderx
I'm long at 2529.5, very little risk, but shooting for 40 pips up, or stopping at about 40 pips down. With this type of momentum, where we are right now seems rather split right in the center of the previous range from 2496 - 2623

typically, when price pushes like it just did into a price range... it'll move to the other end of it before something changes... and that move upwards we just had seems to look like buyers are desperate.

and I don't really see any possible pockets of limit buy orders until at least 2554+ and more likely 2574+.

and...
Nope I got burned 2500 too, I am holding various runners from may open, but I still am not like red pip.
I am in dialema as have short swissy 9727, so reluctant to short ladies as is against myself arrrgh
For now ladies, I watch 1hr ltl,s to breach, especially if them tapping resistances, for me is little activity since thursday, just watching from sidelines until my bears start bloody wakes up

Todays zones have printed, just singapore to go then asian zones print, will reassess then
If you are new to Forex? Say Goodbye to your account!!
  • #651,391
  • Jun 4, 2012 8:58pm Jun 4, 2012 8:58pm
Quoting KiwiTrada
Nope I got burned 2500 too, I am holding various runners from may open, but I still am not like red pip.
I am in dialema as have short swissy 9727, so reluctant to short ladies as is against myself arrrgh
For now ladies, I watch 1hr ltl,s to breach, especially if them tapping resistances, for me is little activity since thursday, just watching from sidelines until my bears start bloody wakes up

Todays zones have printed, just singapore to go then asian zones print, will reassess then
You and I made the same mistake then Kiwi.

Over all I didn't lose on the trade because under these market conditions, i'm so quick to take enough off and move stops to a place that eliminate risk, that i can usually keep exposure down to a minimum.

But still... i'm beraish over all... just don't think we're gonna see a reversal from this price... wouldn't be surprise to see this be one strong upward day until 2620ish... and then to have the selling resume in force.

As if the EU is in any way financially sound, lol.

X
  • #651,392
  • Jun 4, 2012 9:10pm Jun 4, 2012 9:10pm
Quoting forextraderx
You and I made the same mistake then Kiwi.

Over all I didn't lose on the trade because under these market conditions, i'm so quick to take enough off and move stops to a place that eliminate risk, that i can usually keep exposure down to a minimum.

But still... i'm beraish over all... just don't think we're gonna see a reversal from this price... wouldn't be surprise to see this be one strong upward day until 2620ish... and then to have the selling resume in force.

As if the EU is in any way financially sound, lol.

X
nope i didnt get chance to cover entered and her pop like bloody magic, black magic

agreed it is a mess, two ugly duckling really, signs of opportunity on geppy, might watch her while this thing sort herself out
If you are new to Forex? Say Goodbye to your account!!
  • #651,393
  • Jun 4, 2012 9:16pm Jun 4, 2012 9:16pm
Quoting KiwiTrada
nope i didnt get chance to cover entered and her pop like bloody magic, black magic

agreed it is a mess, two ugly duckling really, signs of opportunity on geppy, might watch her while this thing sort herself out
nooo , i am hoilding a macro long for 500 pip , it's @ +160 pip , i need another 340

r u planing to defend 120.95/121 ?
Mohan
  • #651,394
  • Jun 4, 2012 9:27pm Jun 4, 2012 9:27pm
Quoting 2+2=4ex
Haha, good man. Bathrobes are great. Does it have your initials stitched in them? That makes it cooler, but not neccessary to enjoy. I need to get me a new one myself. Regards.
agree to all statements, but no i dont have initials on it yet... but it wasnt something i even considered until now. damn it im frantically looking for a phone book atm to find a .... stitcher... i honestly dont know what you call them. back on topic though make or break for the bears or bulls. i back bears. fundamentals arent there for the rise. even with usd recent shitty job report which i could almost put down to the recent performance of eur finally spilling over and affecting over nations. explain why japans growth is dropping as well
  • #651,395
  • Jun 4, 2012 9:33pm Jun 4, 2012 9:33pm
china hsbc service pmi 54.7
Mohan
  • #651,396
  • Jun 4, 2012 9:34pm Jun 4, 2012 9:34pm
Quoting mohan76
nooo , i am hoilding a macro long for 500 pip , it's @ +160 pip , i need another 340

r u planing to defend 120.95/121 ?
please tell me your trailing that? i cant stress enoug that we are at a pivotal point right now. becareful it will either turn down or go up but that is a very large tp
  • #651,397
  • Jun 4, 2012 9:40pm Jun 4, 2012 9:40pm
Quoting mohan76
nooo , i am hoilding a macro long for 500 pip , it's @ +160 pip , i need another 340

r u planing to defend 120.95/121 ?
hahaha nope am watching 120 53 - 120 66, is only 1hr, her breached ltl and in process of retesting now,
nice 160 bro, is 160 of mine from 128 36 trailing 173 pip
If you are new to Forex? Say Goodbye to your account!!
  • #651,398
  • Jun 4, 2012 9:40pm Jun 4, 2012 9:40pm
since friday. bears were really butchered yesterday. but bull attack was not that ferocious to kill a bull like me. I will return with vengeance to kill all the bulls.

but not now after draghi
  • #651,399
  • Jun 4, 2012 9:41pm Jun 4, 2012 9:41pm
Quoting tightscalper
agree to all statements, but no i dont have initials on it yet... but it wasnt something i even considered until now. damn it im frantically looking for a phone book atm to find a .... stitcher... i honestly dont know what you call them. back on topic though make or break for the bears or bulls. i back bears. fundamentals arent there for the rise. even with usd recent shitty job report which i could almost put down to the recent performance of eur finally spilling over and affecting over nations. explain why japans growth is dropping as well
Look under "embroidery" for the stitiching. I agree with euro viewpoint.
  • #651,400
  • Jun 4, 2012 9:41pm Jun 4, 2012 9:41pm
Price is tight, putting up a fight. 1.2655 or back to 1.2395? Hmmm........
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Time turns trend. - W.D. Gann
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