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  • #651,621
  • Jun 5, 2012 2:55am Jun 5, 2012 2:55am
2435 have to go before a further downward move expecting in my opinion.

its 1st june resistance turned support over at H1.

I would place a sell stop there should it breach this level.

anyone looking at that too?
400 pips remaining.
  • #651,622
  • Jun 5, 2012 2:56am Jun 5, 2012 2:56am
Quoting KiwiTrada
what you mean oh no, it has been all over the wires for last 5 hrs, go to news section, is full of this bs.

i have little test for you make a list, purely fundy
list a reason why euro should appreciate
list b. reasons why euro is a piece of crap, then look at list and come back and give a technical reason euro should appreciate

Isnt oh no not technical enough ??!!! lol
“Don't cry because it's over, smile because it happened.”
  • #651,623
  • Jun 5, 2012 2:57am Jun 5, 2012 2:57am
Quoting Nachiket
brother i just opened my laptop and what do I see euro tanked by 70 pips. what caused the fall?
I think I was lucky to be a new user on the forums, cause I was asking if I should close my sell position at 1.2526 - And now I have my SL set at 1.2457 (so thats around +70 pips)

And I had another position which was killing me for the past few hours, it was a selling point at 1.2482 and when it was up to 1.2570 i wanted to cut my balls and sell them. But now i've got this one SL 1.2457 as well, so it turned out to be 2 winning positions at the least.

All cause my question was left unanswered and I decided not to do a thing =P

=)
  • #651,624
  • Jun 5, 2012 2:58am Jun 5, 2012 2:58am
Quoting fxkiller
reposted
thank you 30m candle might close with a very nice hammer, we shall see.
An opportunity lost is not a capital cost.
  • #651,625
  • Jun 5, 2012 2:58am Jun 5, 2012 2:58am
Quoting Nachiket
max brother delighted to see my old friend back. how are you? how was trading for last 4 months?
hey how are you doing?

all good here thanks and trading has been great so no complaints.

do you have any positions open at the mo?
  • #651,626
  • Jun 5, 2012 2:59am Jun 5, 2012 2:59am
Nachi, Spanish treasury minister says it's "technically" impossible to rescue Spain. Guess it. Plus we were at large resistance zone that didn't fail me in the past.

Plus Max pointed out that ABC correction seemed fulfilled.
Please, just slap me around if I'm being silly ...
  • #651,627
  • Jun 5, 2012 2:59am Jun 5, 2012 2:59am
Quoting MaxDoom
hey how are you doing?

all good here thanks and trading has been great so no complaints.

do you have any positions open at the mo?
going with the aussie today. buy aud/usd. closed one aussie short and aussie long in profit. aussie is looking bullish to me today.

not trading the euro today.
  • #651,628
  • Jun 5, 2012 2:59am Jun 5, 2012 2:59am
Quoting MaxDoom
hey how are you doing?

all good here thanks and trading has been great so no complaints.

do you have any positions open at the mo?
He's short, 70pips in profit.

LE : I thought you were short, bro'. Closed it?
Please, just slap me around if I'm being silly ...
  • #651,629
  • Jun 5, 2012 3:00am Jun 5, 2012 3:00am
Quoting BFSGcapital
thank you 30m candle might close with a very nice hammer, we shall see.
No hammer
Simple is powerful all the time.
  • #651,630
  • Jun 5, 2012 3:00am Jun 5, 2012 3:00am
Quoting daemon_delux
Nachi, Spanish treasury minister says it's "technically" impossible to rescue Spain. Guess it. Plus we were at large resistance zone that didn't fail me in the past.

Plus Max pointed out that ABC correction seemed fulfilled.
Spanish news I read just now. didn't knew abt abc correction,

Max is a truely professional trader and if he says so I trust him.
  • #651,631
  • Jun 5, 2012 3:01am Jun 5, 2012 3:01am
Quoting MaxDoom
scalping with the trend is a lot easier

lets face it right now you buy at 50 upside has only shown you about 53 54 so you are looking to scalp into a price not yet covered and against the trend very risky.
I'm agree with you.
TRADE WHAT U SEE NOT WHAT U WANT TO SEE.
  • #651,632
  • Jun 5, 2012 3:01am Jun 5, 2012 3:01am
Quoting daemon_delux
He's short, 70pips in profit.
no i did not open a euro trade today.
  • #651,633
  • Jun 5, 2012 3:02am Jun 5, 2012 3:02am
I got a confirmed buy signal on my system.
  • #651,634
  • Jun 5, 2012 3:03am Jun 5, 2012 3:03am
Quoting RiverTrader
No hammer
I see one although not as nice as I thought.

It doesn't have to be green to be a hammer
An opportunity lost is not a capital cost.
  • #651,635
  • Jun 5, 2012 3:03am Jun 5, 2012 3:03am
Quoting kuroro001
Yes, it's pure BS

Let's see how good/bad will be the retail sales and german factory orders.
i dont think its BS... i think the first 6 months of 2012 was pure BS with the euro going up so much. The eurozone still hasn't reached the maximum of the crisis and the price should reflect the macro economic situation.

supply and demand.

if you value the euro based on all the fundamentals that have come up and those that have yet to come, I find that such a drop needs to continue. It is enduring for so long because:

1) it has to go return to beginning of 2012 levels

2) it has to go down from there as was supposed to happen

3) technically, the next long term target is 1.18/1.19 (which is the low of june 2010 or may 2010 ... can't remember)
Daily Target: 20 pips
  • #651,636
  • Jun 5, 2012 3:05am Jun 5, 2012 3:05am
Quoting RiverTrader
Ok, go up now!

if this spanish news is not of much impact it will go up. but again it is failing on all rallies.

so no reason to buy eur/usd and buy the trend is the plan for me.
  • #651,637
  • Jun 5, 2012 3:05am Jun 5, 2012 3:05am
And out at 55. 60 pips in profit, will be back for NY. green pips to ya'll.
Please, just slap me around if I'm being silly ...
  • #651,638
  • Jun 5, 2012 3:07am Jun 5, 2012 3:07am
Quoting daemon_delux
And out at 55. 60 pips in profit, will be back for NY. green pips to ya'll.
well done mate. i think fall is overdone and it should have fallen not more than 40 pips.

Congrats to get out in Profit.
  • #651,639
  • Jun 5, 2012 3:09am Jun 5, 2012 3:09am
Quoting Nachiket
I got a confirmed buy signal on my system.

obviously I don't know your system, TF or target.

my one observation would be that 0.977x is the 61.8% retracement zone from the drop 29 May to 01 Jun therefore caution maybe in order and keep a close eye on the PA
  • #651,640
  • Jun 5, 2012 3:13am Jun 5, 2012 3:13am
Quoting MaxDoom
obviously I don't know your system, TF or target.

my one observation would be that 0.977x is the 61.8% retracement zone from the drop 29 May to 01 Jun therefore caution maybe in order and keep a close eye on the PA

max aussie is simply not falling below 0.9750 inspite of the euro breakdown today. that gives me hope. having said that i booked one more long in 18 pips. will wait for the euro to fall more to buy more of the aussie
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