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EURUSD

  • #654,981
  • Jun 11, 2012 7:20am Jun 11, 2012 7:20am
i agree , trading without S/L is like walking on fire
  • #654,982
  • Jun 11, 2012 7:20am Jun 11, 2012 7:20am
In my opinion
  • #654,983
  • Jun 11, 2012 7:22am Jun 11, 2012 7:22am
Quoting freethug
Spain to tap ESSpain likely to tap EFSF, not ESM, according to RTRS. Spain's debt will not be outranked. thats the reason for the surge. Be careful people
(http://www.reuters.com/article/2012/...85A0FA20120611)

That was 3 hours ago. Imo this is more likely to be the reason:

Algo trades give euro slight pop
10:15 EDT - The euro pushes back up some against the dollar amid chatter that bailout money for Spain's banks may come from the EFSF instead of the ESM, avoiding the preferred-creditor status that loans from the ESM would receive. Traders report that occurring has been largely anticipated, so the euro's reaction was likely the result of algorithmic trading systems that are sensitive to all Spain headlines today. The euro is at $1.2545, compared with $1.2517 late Friday, according to EBS via CQG. ([email protected])
(END) Dow Jones Newswires
June 11, 2012 10:15 ET (14:15 GMT)
  • #654,984
  • Jun 11, 2012 7:22am Jun 11, 2012 7:22am
Quoting pipsallday
how much money would it take to spike it 30 pips in 3 mins ??
100 million. why you have that much money?
  • #654,985
  • Jun 11, 2012 7:24am Jun 11, 2012 7:24am
Quoting Iro
(http://www.reuters.com/article/2012/...85A0FA20120611)

That was 3 hours ago. Imo this is more likely to be the reason:

Algo trades give euro slight pop
10:15 EDT - The euro pushes back up some against the dollar amid chatter that bailout money for Spain's banks may come from the EFSF instead of the ESM, avoiding the preferred-creditor status that loans from the ESM would receive. Traders report that occurring has been largely anticipated, so the euro's reaction was likely the result of algorithmic trading...
algo trades have killed JP Morgan once . They should have learned the lesson by now
  • #654,986
  • Jun 11, 2012 7:25am Jun 11, 2012 7:25am
Gbp on edge of a cliff too, so much action all over since this morning, i love this market
I need to finish something i started
  • #654,987
  • Jun 11, 2012 7:25am Jun 11, 2012 7:25am
Quoting Nachiket
100 million. why you have that much money?
he might, how do you know ?
Twitter: @forexpokerpro
  • #654,988
  • Jun 11, 2012 7:25am Jun 11, 2012 7:25am
Quoting Iro
(http://www.reuters.com/article/2012/...85A0FA20120611)

That was 3 hours ago. Imo this is more likely to be the reason:

Algo trades give euro slight pop
10:15 EDT - The euro pushes back up some against the dollar amid chatter that bailout money for Spain's banks may come from the EFSF instead of the ESM, avoiding the preferred-creditor status that loans from the ESM would receive. Traders report that occurring has been largely anticipated, so the euro's reaction was likely the result of algorithmic...
Fucking algos. This is why I say that shit can't be trusted.
  • #654,989
  • Jun 11, 2012 7:25am Jun 11, 2012 7:25am
Quoting Nachiket
In my opinion

I told you all we are heading to 28. I booked my shorts @31. bought@44
  • #654,990
  • Jun 11, 2012 7:26am Jun 11, 2012 7:26am
Yep just as I thought, complete retrace! 23 pip profit =D
  • #654,991
  • Jun 11, 2012 7:26am Jun 11, 2012 7:26am
Quoting Nachiket
In my opinion
only 30 in the way
Trade What You See Not What You Want To See
  • #654,992
  • Jun 11, 2012 7:26am Jun 11, 2012 7:26am
Quoting BBPI_fxtrader
he might, how do you know ?
Yes he may be having.
  • #654,993
  • Jun 11, 2012 7:27am Jun 11, 2012 7:27am
Quoting pipsallday
only 30 in the way
gone. now i will enjoy the match more dearly.
  • #654,994
  • Jun 11, 2012 7:29am Jun 11, 2012 7:29am
Quoting BBPI_fxtrader
he might, how do you know ?
Trade What You See Not What You Want To See
  • #654,995
  • Jun 11, 2012 7:30am Jun 11, 2012 7:30am
come on keep it going
07 is a good target for now
Trade What You See Not What You Want To See
  • #654,996
  • Jun 11, 2012 7:32am Jun 11, 2012 7:32am
Quoting MaxDoom
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...

game on
  • #654,997
  • Jun 11, 2012 7:33am Jun 11, 2012 7:33am
Quoting pipsallday
come on keep it going
07 is a good target for now
agreed! keep on going cause im selling like hell
  • #654,998
  • Jun 11, 2012 7:35am Jun 11, 2012 7:35am
Quoting undertaker66
agreed! keep on going cause im selling like hell
be carefull around this area 26 to 33
Trade What You See Not What You Want To See
  • #654,999
  • Jun 11, 2012 7:35am Jun 11, 2012 7:35am
Quoting undertaker66
agreed! keep on going cause im selling like hell
be careful with your shorts now. game is done for the day.

Like what Undertaker says

R.........I.............P
  • #655,000
  • Jun 11, 2012 7:36am Jun 11, 2012 7:36am
am calling it a day bro..my heart cant take anymore of that spookin,not with england match to follow..so am closing all my 6 shorts for the day...cheers
Imanuel Parsifal
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