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EURUSD

  • #652,041
  • Jun 5, 2012 9:17am Jun 5, 2012 9:17am
time for coffee
eather way open from 55 for me
  • #652,042
  • Jun 5, 2012 9:20am Jun 5, 2012 9:20am
Head & shoulders on 1 min chart
Short 1.24522
SL 1.24721
TP 1.24256
Attached Image
  • #652,043
  • Jun 5, 2012 9:20am Jun 5, 2012 9:20am
Quoting Crassius
Are you charting the ask or the bid?
Charting at the ask price, since i am shorting, am i correct? the high for the ask chart is 2544
  • #652,044
  • Jun 5, 2012 9:21am Jun 5, 2012 9:21am
Syriza is collecting both from Pasok and ND, but yet at 16.78% against the pre-poll survey of 30%. Results still compiling.

Economy is fucked, but don't rape your accounts........... Wait.
The Thief of Wall Street
  • #652,045
  • Jun 5, 2012 9:22am Jun 5, 2012 9:22am
price is bouncing off the pivot...i think this is a good place to liquidate all longs...if this drop is strong, we could see 1.24 and below...maybe new lows...signing out..

trade sensibly
It is possible to make large sums trading, small losses, large wins
  • #652,046
  • Jun 5, 2012 9:25am Jun 5, 2012 9:25am
Quoting Crassius
Normally I would agree with you.... "Only trade in the direction of the trend" is useless shit people read in books....

My thinking is, if you know for sure exactly which way is the "trend", why don't you just have a trade at the start and the end of where ever you exactly know where the direction of the trend? That is crap written by people who write about trading for a living.... not trade for a living.

All profitable systems I have designed will about break even when... in retrospect... the trades were against the trend, and make its...
I have question today about trend and I think that some time posts like "trade with trend" are creating frustation at least for beginer trader which are not understand what are mechanism which change the direction. Personaly, I don't understand why are EU in deep sheet then US more them one month ago, I mean what are differences in fundamentals from the moment when EURUSD was above 1.3 and now?
  • #652,047
  • Jun 5, 2012 9:27am Jun 5, 2012 9:27am
Quoting nech0701
Charting at the ask price, since i am shorting, am i correct? the high for the ask chart is 2544

So your Stop Loss is an order to buy.....

and one buy's at the bid.... so

if the spread is 3, and the ask went to 2544, then the bid was 2541.... which is through your stop loss... at 2540.

It looks like a legit stop out to me.
  • #652,048
  • Jun 5, 2012 9:28am Jun 5, 2012 9:28am
Quoting omadivi
price is bouncing off the pivot...i think this is a good place to liquidate all longs...if this drop is strong, we could see 1.24 and below...maybe new lows...signing out..

trade sensibly
The bulls were never here. It was just a stop hunt that the big boys pulled, once it hit 67 and there was no suddenly jump up, it meant that there weren't much stops there.

That's why I covered immediately and shorted again.
  • #652,049
  • Jun 5, 2012 9:28am Jun 5, 2012 9:28am
Quoting skysoft.bg
Head & shoulders on 1 min chart
Short 1.24522
SL 1.24721
TP 1.24256

Moving SL to 1.1.24622

& Going to meet wife`s parents...


Good luck to You too.....
  • #652,050
  • Jun 5, 2012 9:31am Jun 5, 2012 9:31am
Quoting gabone
I have question today about trend and I think that some time posts like "trade with trend" are creating frustation at least for beginer trader which are not understand what are mechanism which change the direction. Personaly, I don't understand why are EU in deep sheet then US more them one month ago, I mean what are differences in fundamentals from the moment when EURUSD was above 1.3 and now?
A few months ago, we had excess liquidity pumped into the market by the ECB via LTRO and China's RRR. Not to mention oil prices were high due to supply shock(Iran), which would devalue the USD and cause excess money for the Middle East. They then put all that money into risky assets such as the EUR and equities.

It was purely a risk rally that wasn't driven by better economic conditions but rather excess money supply.
  • #652,051
  • Jun 5, 2012 9:32am Jun 5, 2012 9:32am
And my last one, still holding EUR/CAD about 75 atm

http://s16.postimage.org/ryeg5gi4l/euro.gif
free picture hosting
swing it!
  • #652,052
  • Jun 5, 2012 9:34am Jun 5, 2012 9:34am
Quoting kuroro001
When i look at H1 it doesn't tell me to buy it, i'll pass on it.
Heading to gym club will be healthier
see what i mean?

it's almost magical.

right now i forecast a drop back to today's low. i can't tell if it will go lower or not.

under 2400 will probably happen late at night or tomorrow morning.
Daily Target: 20 pips
  • #652,053
  • Jun 5, 2012 9:37am Jun 5, 2012 9:37am
Round 3? Hmm
  • #652,054
  • Jun 5, 2012 9:38am Jun 5, 2012 9:38am
Quoting gabone
I have question today about trend and I think that some time posts like "trade with trend" are creating frustation at least for beginer trader which are not understand what are mechanism which change the direction. Personaly, I don't understand why are EU in deep sheet then US more them one month ago, I mean what are differences in fundamentals from the moment when EURUSD was above 1.3 and now?
Big question.... this will get you started


A month ago, we had a deal in place to finance Greece for another year or two...

since then we have had a Greek election where no government could be formed, because no coalition could be formed.... you have half the people that want undo the deal that took us into the 1.30's... and half that don't...

Since the market is unsure of the Greek situation, Spain's bonds are getting priced as junk.... which means Spain's banks, which hold a lot of Spanish bonds, that are now junk are near to collapsing....

Collapsing banks are not good for a currency....
  • #652,055
  • Jun 5, 2012 9:42am Jun 5, 2012 9:42am
The are look like trying to punch each other in forex market now, 5 call Total Bid higher ++ 25M then after that total Ask took over with 6 call 30M+++ higher.. sighhhhhhhh... what to do? better wait until end of this 1 hour...

Holding short for Audusdm + Eurusdm + XAusdm - if they jump up i'll die.
You are a Fun-Loving Trader (I do better when i have fun)
  • #652,056
  • Jun 5, 2012 9:44am Jun 5, 2012 9:44am
Quoting Crassius
Big question.... this will get you started


A month ago, we had a deal in place to finance Greece for another year or two...

since then we have had a Greek election where no government could be formed, because no coalition could be formed.... you have half the people that want undo the deal that took us into the 1.30's... and half that don't...

Since the market is unsure of the Greek situation, Spain's bonds are getting priced as junk.... which means Spain's banks, which hold a lot of Spanish bonds, that are now junk are near to collapsing.......
I loved the comment ... short and focused. / / no news from the G7?
  • #652,057
  • Jun 5, 2012 9:48am Jun 5, 2012 9:48am
Quoting costyn
I loved the comment ... short and focused. / / no news from the G7?

The US has said some soothing bullshit.. I mean words...

Spain's Rajoy is on the wires now but nothing new....
  • #652,058
  • Jun 5, 2012 9:49am Jun 5, 2012 9:49am
Yeahhhhhhhh!! lets go Short on Eur and Aud and Xau. Panic!! Panic!!

Rich ppl will sell gold to cover financial investment hahaha..
You are a Fun-Loving Trader (I do better when i have fun)
  • #652,059
  • Jun 5, 2012 9:50am Jun 5, 2012 9:50am
looking at shorting EUR/USD, waiting for final confirmation
  • #652,060
  • Jun 5, 2012 9:52am Jun 5, 2012 9:52am
Quoting freelinks
looking at shorting EUR/USD, waiting for final confirmation
Short now.. with some SL.. if eur down it will bring together Xau with him..
You are a Fun-Loving Trader (I do better when i have fun)
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Jewel1996