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  • #652,321
  • Jun 6, 2012 1:34am Jun 6, 2012 1:34am
Quoting daemon_delux
So, basically, we're still indecised about having a wave C or seeing an already done wave C with more downside?

correct, price needs to take out 1.228x to complete the correction or 1.254x to either continue the correction or be the start of a new upward move.

not difficult to trade with that in mind, just like yesterdays consolidation, I wonder how many traded it as a consolidation and how many simply went long or short based on bias?
  • #652,322
  • Jun 6, 2012 1:41am Jun 6, 2012 1:41am
I would stay long based on 15min chart support 1.2478
TRADE WHAT U SEE NOT WHAT U WANT TO SEE.
  • #652,323
  • Jun 6, 2012 1:41am Jun 6, 2012 1:41am
holding short from 2505...small one...sl @ be...
but maybe no big move till ECB press conference...
oh well...
Patience, Emotion Control and Discipline.
  • #652,324
  • Jun 6, 2012 1:41am Jun 6, 2012 1:41am
Quoting daemon_delux
Morning guys.

As usual, I'm a natural born bear (should've learned my lesson yesterday, when I barely broke even, but hey ... ). The current channel downwards hasn't been broken, and we're expecting a lot more action to happen. London opening will give us the direction.

Regarding S/R zone, they are as following : 1.2623 is the previous 2012 low and remains important, now as resistance. Attempts to rise above this line have been . Below, 1.2587 is a clear bottom on the weekly charts but is only minor resistance now.

The round number of 1.25...
pertinent analysis, for which I thank you ... I hope come true option down ... get out of captivity ... congratulations and all before!
  • #652,325
  • Jun 6, 2012 1:41am Jun 6, 2012 1:41am
EUR/USD gained 0.5% in the session above $1.2510 after the G7 gave a nod to a coordinated action to assist the euro zone, though no specific steps where given and only Japan commented on the conversation between the nations. Euro is also supported on a German press report saying that Spain may receive a credit line from the EFSF.

I foresee a move north for EUR/USD today, retesting 1.2517
  • #652,326
  • Jun 6, 2012 1:45am Jun 6, 2012 1:45am
long 90, tight sl
  • #652,327
  • Jun 6, 2012 1:46am Jun 6, 2012 1:46am
lets see if we can break 95. then 15 next
  • #652,328
  • Jun 6, 2012 1:49am Jun 6, 2012 1:49am
Quoting Fx.Fishermen
well my technicals sugests there will be move up in coming weeks till 1.30 yes 600 pips it is from here..
EURUSD is extremely oversold in weekly now, this cant be it, second thing fundamentals are not that bad for EURO like it seems, and intervention also had its effect,
as i always say go with the flow, i am going with big boys,
i am still on buy side, and my target doesnt change.

eurusd 1.30 maybe it will take more time but as soon as i am in + swap its ok. + not big drop or pips it is fine. we 50-100 pips is normal, if i am loosing 5%...
Still Doing Good.
Lets see if Today GBPUSD Drops or not if it did i will hedge the position.
but should be solid negative for me to hedge or i will buy on dip again.
Yesterday Trades short ones also went good.
please see below.
Thank You.

and yes Eur/Usd may come down more waiting for buy again on a dip.
  • #652,329
  • Jun 6, 2012 1:50am Jun 6, 2012 1:50am
As I'm seeing it, the outlook might be bullish for today. See the charts attached. As per said, the ECB will sort it out.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: h1 - 06.06.2012 8gmt.gif Size: 22 KB
Click to Enlarge Name: h4 - 06.06.2012 8gmt.gif Size: 22 KB
Please, just slap me around if I'm being silly ...
  • #652,330
  • Jun 6, 2012 1:55am Jun 6, 2012 1:55am
attempting 95 again
  • #652,331
  • Jun 6, 2012 1:58am Jun 6, 2012 1:58am
to indecisive, ill wait for it to sort out a direction
  • #652,332
  • Jun 6, 2012 1:59am Jun 6, 2012 1:59am
closed my long due to time of the day
london could get little silly since they were closed for 2 days. lol
  • #652,333
  • Jun 6, 2012 2:04am Jun 6, 2012 2:04am
Quoting shmandi
closed my long due to time of the day
london could get little silly since they were closed for 2 days. lol
not silly, more clearer direction
If you are new to Forex? Say Goodbye to your account!!
  • #652,334
  • Jun 6, 2012 2:05am Jun 6, 2012 2:05am
Quoting shmandi
closed my long due to time of the day
london could get little silly since they were closed for 2 days. lol
this is my humble suggestion, pls concentrate on trading rather then commenting and creating panic for your self and for others
  • #652,335
  • Jun 6, 2012 2:08am Jun 6, 2012 2:08am
Quoting Z Capitals
this is my humble suggestion, pls concentrate on trading rather then commenting and creating panic for your self and for others
will do so. lol
but taking 5 pips from the market is no panic for me
  • #652,336
  • Jun 6, 2012 2:08am Jun 6, 2012 2:08am
H&S is forming in 15 min and 30 min charts..
  • #652,337
  • Jun 6, 2012 2:09am Jun 6, 2012 2:09am
i agree with your perception, london could bring in some little bears. All eyes open.Hands on deck
  • #652,338
  • Jun 6, 2012 2:10am Jun 6, 2012 2:10am
Strong move below 1,2490 and we may be in for a fall towards 1,237x and 1,233x
On the upside we still need to break 1,2535
COT: The precious data ignored
  • #652,339
  • Jun 6, 2012 2:14am Jun 6, 2012 2:14am
USD might just be generating momentum
  • #652,340
  • Jun 6, 2012 2:15am Jun 6, 2012 2:15am
need to break 1.2475 to get more bearish move......strong support their
you are the creator of your own destiny-Shivyog
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