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EURUSD

  • #654,481
  • Jun 10, 2012 4:19pm Jun 10, 2012 4:19pm
Resistance At 1.2665/70
  • #654,482
  • Jun 10, 2012 4:19pm Jun 10, 2012 4:19pm
just entered short at 12645..!
  • #654,483
  • Jun 10, 2012 4:21pm Jun 10, 2012 4:21pm
Quoting Bosphorus
Spain bailout fixed all euro poblems looks like.
Nahh... resolution. resolution to uncertainty in a market that is experiencing epic disproportionate net short skew.


Of course, spain/greece problems never made the market tank down from
1.3300 in the first place

For that drop, I give credit to a sudden surge in "uncertainty"

I find to draw the appropriate conclusions about what is likely to happen in the market, one must view market action through the appropriate paradigm of cause and effect in the first place

X
  • #654,484
  • Jun 10, 2012 4:21pm Jun 10, 2012 4:21pm
Quoting Resent
just entered short at 12645..!

whats your TP?
  • #654,485
  • Jun 10, 2012 4:22pm Jun 10, 2012 4:22pm
Previous major weekly support, breached on May 23rd, now forms resistance at 1.2670
38.2% retracement of 1.3280/1.2285 comes in at 1.2665
This morning’s spike high in interbank trade was 1.2670
  • #654,486
  • Jun 10, 2012 4:22pm Jun 10, 2012 4:22pm
Quoting Trader8888
whats your TP?
You wanna ask what's his SL better...
  • #654,487
  • Jun 10, 2012 4:23pm Jun 10, 2012 4:23pm
Quoting publicjud
1.2580 might be tested before London. Watch PA

Would need a M30 close below 1.2627 first
what means PA? still remain some part of gap undercover - for me in special for this pair (wthout any analises, I have felling that) the gap will be closed till next day end.

Thanks,
  • #654,488
  • Jun 10, 2012 4:24pm Jun 10, 2012 4:24pm
Nothing wrong with a short here,
but make sure you have your SL near by MPV.
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How to opt out annoying user signatures ??
  • #654,489
  • Jun 10, 2012 4:24pm Jun 10, 2012 4:24pm
Quoting gabone
Do you remember any current gap in EU to be closed after weeks? Personally not, at least for this pair. I know that the resistence - 1.62 was broken, but still gap worries me.

Thanks,
worries you in what way...that we are moving up a few hundered more? or that you think we will most likely move down more a few hundered?

i'm not sure if you are saying you believe this EU gap will be closed in months... or if you think my statement of "weeks" is silly, and a close is maybe hours or a day away...

X
  • #654,490
  • Jun 10, 2012 4:25pm Jun 10, 2012 4:25pm
Quoting Paulenok
You wanna ask what's his SL better...
I meant his target price of his short.
  • #654,491
  • Jun 10, 2012 4:25pm Jun 10, 2012 4:25pm
Waiting for 1.2610 or 12550 and will go long.
  • #654,492
  • Jun 10, 2012 4:26pm Jun 10, 2012 4:26pm
Quoting Paulenok
You wanna ask what's his SL better...
lol sl 1.2658
tp 1.2602
  • #654,493
  • Jun 10, 2012 4:27pm Jun 10, 2012 4:27pm
Quoting gabone
what means PA? still remain some part of gap undercover - for me in special for this pair (wthout any analises, I have felling that) the gap will be closed till next day end.

Thanks,
Ah..I see now.

I don't agree. I think at least 1 week to a full "close" is over 50% probability of being that way...and I feel that estimate is quite conservative.

X
  • #654,494
  • Jun 10, 2012 4:30pm Jun 10, 2012 4:30pm
in my opinion, the pair might rise to 28.5 and drop to 22.5 within a week.. sure, the gap from today is impressive, but it might close by wednesday. as soon as the market realizes that spain has still very big issues and as soon as the greek elections come near, the pair will drop sharply.

ps: im short @ 24.4 and would go short again on 28.3..
  • #654,495
  • Jun 10, 2012 4:30pm Jun 10, 2012 4:30pm
Quoting Resent
lol sl 1.2658
tp 1.2602
Thx for your money bro
  • #654,496
  • Jun 10, 2012 4:31pm Jun 10, 2012 4:31pm
I say sell 1.26622 cover soon as, see where it takes me.
Founder of Sutherland Wave Principle
  • #654,497
  • Jun 10, 2012 4:34pm Jun 10, 2012 4:34pm
if one more mentions Gap or closing Gap or Gap i will freak out..

I swear..
How to opt out annoying user signatures ??
  • #654,498
  • Jun 10, 2012 4:34pm Jun 10, 2012 4:34pm
my short at 12648 didnt last long.
  • #654,499
  • Jun 10, 2012 4:36pm Jun 10, 2012 4:36pm
Quoting forextraderx
Ah..I see now.

I don't agree. I think at least 1 week to a full "close" is over 50% probability of being that way...and I feel that estimate is quite conservative.

X
To explain myself. I leave one position open higher then current without SL and TP 1.276x. If I will close now or at litle higher and I reopen somewhere lower I can close with a lower TP - is only my feeling. But anyway if I wait until now I can wait further.
Thanks for comments,
  • #654,500
  • Edited 4:48pm Jun 10, 2012 4:37pm | Edited 4:48pm
Hello guys

the problem is solve ,,, i look to john murphy book (technical analysis of the fininacel market )

Gabs chapter (page94)

he said there's 3type of gabs

the breakwy gab happen after achart pattern complete

when we look to EURO chart we will find a Head &shoulder bottom the break of the neck line @ 1.2622 came with this gab so it confirm that pattern

the important thing is ... (as he said ) that's this type of gab will not be filled
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