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EURUSD

  • #653,501
  • Jun 7, 2012 9:50am Jun 7, 2012 9:50am
Greece will stay. New gov. will be formed till the end of june. Then euro will come back to 1.30. Bernanke will go on summer holiday no QE3.
but now. euro will fall to 1.24-1.23. then next week maybe some small support 1.25.
then on june 18 th will be very very very big fall till 1.21. and then very big up till 1.26 again.

there 3 scenarios.
  • #653,502
  • Jun 7, 2012 9:51am Jun 7, 2012 9:51am
I am waiting for the pair to reach 1.2540 level. I hope to see a bounce there and if after a bounce the pair continues go lower I place a short below the level with a stop 1.2625.
It would be a breakout trade.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd short.gif Size: 29 KB
  • #653,503
  • Jun 7, 2012 9:51am Jun 7, 2012 9:51am
Quoting Trader88q
Greece will stay. New gov. will be formed till the end of june. Then euro will come back to 1.30. Bernanke will go on summer holiday no QE3.
Wow! Are you the reincarnation of Jesus?
  • #653,504
  • Jun 7, 2012 9:53am Jun 7, 2012 9:53am
Quoting Trader88q
Greece will stay. New gov. will be formed till the end of june. Then euro will come back to 1.30. Bernanke will go on summer holiday no QE3.
but now. euro will fall to 1.24-1.23. then next week maybe some small support 1.25.
then on june 18 th will be very very very big fall till 1.21. and then very big up till 1.26 again.

there 3 scenarios.
I agree with this, but with my losing rate, the fact that I agree on this means this must be dead wrong =P

=( I´ve lost a lot, cannot recover. Think I will cut my loses and enjoy the money on a trip or something =P (What I have left!)

Will still learn, but only on Demo mode I think.
  • #653,505
  • Jun 7, 2012 9:54am Jun 7, 2012 9:54am
Quoting tomspin
I like this post very much
yep learnt that the hard way yesterday, went short at 1.2440 and got burned. Don,t trade this until he finishes talking!!
  • #653,506
  • Jun 7, 2012 9:56am Jun 7, 2012 9:56am
Quoting freethug
yep learnt that the hard way yesterday, went short at 1.2440 and got burned. Don,t trade this until he finishes talking!!

smart man ,
i only trading macro (lowest size) to test my S&R and scalping knowledge.
Mohan
  • #653,507
  • Jun 7, 2012 9:58am Jun 7, 2012 9:58am
Quoting freethug
yep learnt that the hard way yesterday, went short at 1.2440 and got burned. Don,t trade this until he finishes talking!!
I am riding this baby from the very top with SL way ahead of my entry - stress free trading for me I will not be taking any positions today as I think it is exhausted for today, but will place third short sell after bounce
swing it!
  • #653,508
  • Jun 7, 2012 9:59am Jun 7, 2012 9:59am
Sometimes Youro feels like it is moving so slooooooooowww


Inserted Video
Do your time and enjoy the ride...
  • #653,509
  • Jun 7, 2012 10:01am Jun 7, 2012 10:01am
manually out of my short for +4 pips.

felt kinda bad entry point because it was at 66
400 pips remaining.
  • #653,510
  • Jun 7, 2012 10:03am Jun 7, 2012 10:03am
Attached Image (click to enlarge)
Click to Enlarge Name: EU_1h.JPG Size: 83 KB


What do u think?Bounce or fall?
"Study the past if you would define the future." Confucius
  • #653,511
  • Jun 7, 2012 10:06am Jun 7, 2012 10:06am
it wil bounce u can see it at 5m chart
  • #653,512
  • Jun 7, 2012 10:06am Jun 7, 2012 10:06am
Quoting littlemole
Attachment

What do u think?Bounce or fall?

I think you have ignored a rather major low point in your trendline

try this
Attached Image (click to enlarge)
Click to Enlarge Name: a1.gif Size: 32 KB
  • #653,513
  • Jun 7, 2012 10:08am Jun 7, 2012 10:08am
Quoting Fx.Fishermen
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.
Going Long from Here Targets are 1.2750 and 1.29
waoo looks impossible, but i like the challenge..
Good Luck guys.
  • #653,514
  • Jun 7, 2012 10:08am Jun 7, 2012 10:08am
London closes in 30 mins, it's up to the guys in NY to determine the next levels based on Ben's statements. We await...................
  • #653,515
  • Jun 7, 2012 10:08am Jun 7, 2012 10:08am
Quoting MaxDoom
I think you have ignored a rather major low point in your trendline

try this
Yes, I know. It was a false movement, u can see it on 4h TF. When I am drawing trendlines, Iam trying to skip false movements.
"Study the past if you would define the future." Confucius
  • #653,516
  • Jun 7, 2012 10:10am Jun 7, 2012 10:10am
Quoting littlemole
Yes, I know. It was a false movement, u can see it on 4h TF. When I am drawing trendlines, Iam trying to skip false movements.
New low is not a false movement it is new point for new trendline
swing it!
  • #653,517
  • Jun 7, 2012 10:11am Jun 7, 2012 10:11am
gold broke 1600
Mohan
  • #653,518
  • Jun 7, 2012 10:11am Jun 7, 2012 10:11am
Sorry to tell everyone but this is the same thing I tried to warn everyone on the Gold forum about. This is the same situation as the beginning of Dec 2011. History does not lie, people do!!!!!!!!!!!!!!!!!!!!!
  • #653,519
  • Jun 7, 2012 10:12am Jun 7, 2012 10:12am
Quoting littlemole
Yes, I know. It was a false movement, u can see it on 4h TF. When I am drawing trendlines, Iam trying to skip false movements.


You can't do that it will screw up any analysis that you make.

It was not a false movement because the price really went there and really came back.

If a trendline does not include all the data then the trendline is worthless and will give you false indication.
  • #653,520
  • Jun 7, 2012 10:13am Jun 7, 2012 10:13am
Quoting Fx.Fishermen
Going Long from Here Targets are 1.2750 and 1.29
waoo looks impossible, but i like the challenge..
Good Luck guys.
Please I am begging for once post a chart with at least two reasons you pointed out such a since fiction levels that I wanna see what am I doing wrong in my trading
Thanks
swing it!
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