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  • #654,901
  • Jun 11, 2012 7:56am Jun 11, 2012 7:56am
so////it looks llike i'am wrigt. it will be a almoust full retrace of the day.
IT'S ALL ,,,, Only money in the bank count
  • #654,902
  • Jun 11, 2012 7:57am Jun 11, 2012 7:57am
Quoting tt_danu
so////it looks llike i'am wrigt. it will be a almoust full retrace of the day.
i hope so much it won't
  • #654,903
  • Jun 11, 2012 8:00am Jun 11, 2012 8:00am
no question abt that.
  • #654,904
  • Jun 11, 2012 8:03am Jun 11, 2012 8:03am
it filled the gap from Friday close and then reversed.
  • #654,905
  • Jun 11, 2012 8:03am Jun 11, 2012 8:03am
Quoting undertaker66
i hope so much it won't

it is almoust half day retrace. another 25% and....possible small bull day at the end )
IT'S ALL ,,,, Only money in the bank count
  • #654,906
  • Jun 11, 2012 8:04am Jun 11, 2012 8:04am
Quoting Nachiket
short @1.2562
sl: 1.2575
Risky entry Natchi but good luck
swing it!
  • #654,907
  • Jun 11, 2012 8:05am Jun 11, 2012 8:05am
let me tell u something. the gap has never touch't start level. it was close , but didn't hit. it wass in a hurry to turn north, after ssatisfying closing gap rule.)
IT'S ALL ,,,, Only money in the bank count
  • #654,908
  • Jun 11, 2012 8:06am Jun 11, 2012 8:06am
Quoting tomspin
Risky entry Natchi but good luck

thanks tom. i need your blessings for this trade.
  • #654,909
  • Jun 11, 2012 8:07am Jun 11, 2012 8:07am
well ..locked all my short profit at 1.25800 if she gets there and knocks them out,then am calling it a day but if not and we still manage some hrly close below 1.25437 then am still adding short no5..cheers
Imanuel Parsifal
  • #654,910
  • Jun 11, 2012 8:07am Jun 11, 2012 8:07am
Quoting tt_danu
so////it looks llike i'am wrigt. it will be a almoust full retrace of the day.
What is with this continuous barrage of utterly unfounded, and pointless comments. a 30 pip move up after a 100+ move downwards means nothing in and of itself. There are numerous posts around, describing the psychology of moves in both directions (a really good one somewhere on FF). There is no perfect storm in forex or any other market. nothing ever goes down/up forever, and along the way there are always people who are looking to pick a turning point.

Do you think the people buying at 1253x are buying as they suddenly think at this price the problems in europe are solved?.

Look at the macro-economics of the situation. There is a greek election coming up, the result of which could determine alot in term of how greece exits the euro, and how the rest of the euro zone is impacted. The fact that spain are needing a bailout at all is bad news, albeit old and somewhat priced-in news.

To make wild statements that it is going to retrace without anything to back this up is totally nonsensical and purely spam. Take a look at the larger picture, even if you are trying to trade the smaller time frames.

I am short and have been for the last 5 months. Staying this way and adding as I see fit until we start to see signs that europe is on its way to a fix, and not band-aiding everything with yet more bailout money.
Not on the rug!
  • #654,911
  • Jun 11, 2012 8:08am Jun 11, 2012 8:08am
Quoting sycho
well ..locked all my short profit at 1.25800 if she gets there and knocks them out,then am calling it a day but if not and we still manage some hrly close below 1.25437 then am still adding short no5..cheers
i already did. this small bit of rally however is confusing me.
  • #654,912
  • Jun 11, 2012 8:09am Jun 11, 2012 8:09am
Quoting Nachiket
i already did. this small bit of rally however is confusing me.

think they are again playing the old game of pausing before next dump.
  • #654,913
  • Jun 11, 2012 8:11am Jun 11, 2012 8:11am
Quoting PooOnTheRug
What is with this continuous barrage of utterly unfounded, and pointless comments. a 30 pip move up after a 100+ move downwards means nothing in and of itself. There are numerous posts around, describing the psychology of moves in both directions (a really good one somewhere on FF). There is no perfect storm in forex or any other market. nothing ever goes down/up forever, and along the way there are always people who are looking to pick a turning point.

Do you think the people buying at 1253x are buying as they suddenly think at this price the...
sir you seem to be in a bad mood. had fight with wifey/gf.

But your views are 100% correct.
  • #654,914
  • Jun 11, 2012 8:11am Jun 11, 2012 8:11am
Buyer since 2540 area cheap & 61.8 . & now cross confirmed M15, demand building. Waiting for ultimate MA 21 to cross for adding longs. Stops under 2520 area
  • #654,915
  • Jun 11, 2012 8:11am Jun 11, 2012 8:11am
Quoting freethug
Looks like we have our bottom for the day, but NY opening will provide further direction.

who can tell eh!

but lets look at recent facts using the hourly chart....

The move down today represents about a 38% retracement of the move up from 1st June 1.228x to the latest top 1.266x.

A 38% retrace is a possible turning point if it is merely a correction but they do have a habit of ending between 38% and 62% and therefore it is right on the beginning of that zone.

A correction normally has at least three phases ABC to its structure and we whilst it is possible that the short drop and rise above 1.26 represents AB and we are now on C it is unlikey.

So probability for me suggests that we are currently on B of the ABC and I would expect that to be contained under 1.26 for a push lower towards 1.243x.

My game plan therefore is as follows:

1. a break of the high 1.266x invalidates the correction and the move up from 1.228x continues.

2. a turn (preferably below 1.26) to test lower targeting 1.248x then 1.243x. I would sell the turn or a break below the current todays low.
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  • #654,916
  • Jun 11, 2012 8:12am Jun 11, 2012 8:12am
Quoting Nachiket
sir you seem to be in a bad mood. had fight with wifey/gf.

But your views are 100% correct.

Im always in a bad mood. Grrrrr
Not on the rug!
  • #654,917
  • Jun 11, 2012 8:12am Jun 11, 2012 8:12am
Quoting BillSuits
it filled the gap from Friday close and then reversed.
Weekly close depends on trading plateform.
It hasn't been reached on mine.

It bounced off 1,252x support.
And the bounce can't even reach 1,2575...bulls are weak so far.
Let's see how 1,249x will reacts if we get there...otherwise around 1,2515
COT: The precious data ignored
  • #654,918
  • Jun 11, 2012 8:12am Jun 11, 2012 8:12am
Quoting Tokkers
Buyer since 2540 area cheap & 61.8 . & now cross confirmed M15, demand building.

ok buy euros worth 1 million and increase the demand. never make ur trading decisions on M1, M10 AND M15, H1 candles.
  • #654,919
  • Jun 11, 2012 8:13am Jun 11, 2012 8:13am
Quoting PooOnTheRug
Im always in a bad mood. Grrrrr
do you happend to turn into the green hulk?
  • #654,920
  • Jun 11, 2012 8:13am Jun 11, 2012 8:13am
Quoting PooOnTheRug
What is with this continuous barrage of utterly unfounded, and pointless comments. a 30 pip move up after a 100+ move downwards means nothing in and of itself. There are numerous posts around, describing the psychology of moves in both directions (a really good one somewhere on FF). There is no perfect storm in forex or any other market. nothing ever goes down/up forever, and along the way there are always people who are looking to pick a turning point.

Do you think the people buying at 1253x are buying as they suddenly think at this price the...
let's talk about it tommorow at the same hour ...ok and then u can tell me all abbout it . and i had like 3-4 oppinions. just like enyone here. with arguments that i consider right. problems?
IT'S ALL ,,,, Only money in the bank count
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