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EURUSD

  • #656,121
  • Jun 13, 2012 5:56am Jun 13, 2012 5:56am
The USD Index breaks my descending intraday trendline, shows USD strengthening
"Study the past if you would define the future." Confucius
  • #656,122
  • Jun 13, 2012 5:56am Jun 13, 2012 5:56am
Greek Conservatives: EU Has Accepted Modifications To Bailout Deal
  • #656,123
  • Jun 13, 2012 5:57am Jun 13, 2012 5:57am
Quoting Nachiket
Greek Conservatives: EU Has Accepted Modifications To Bailout Deal
exactly coincides with the fall.
  • #656,124
  • Jun 13, 2012 5:59am Jun 13, 2012 5:59am
Quoting Nachiket
Greek Conservatives: EU Has Accepted Modifications To Bailout Deal
so this will boost the fall?
400 pips remaining.
  • #656,125
  • Jun 13, 2012 6:03am Jun 13, 2012 6:03am
Quoting Nachiket
Greek Conservatives: EU Has Accepted Modifications To Bailout Deal
Is this a good news or a bad news?
  • #656,126
  • Jun 13, 2012 6:03am Jun 13, 2012 6:03am
Just a twitter post. I dont believe them. Its falling cause technically the bulls exhausted. We see the daily movements correction. waiting for the US news...

Bulls maybe buy at 1.251x area
"Study the past if you would define the future." Confucius
  • #656,127
  • Jun 13, 2012 6:21am Jun 13, 2012 6:21am
US retail sales at 12:30GMT will be the key release in the North American session on Wednesday.

Think I'm gonna sit on my hands for once could go either way.
gold dropping off
eurozone industrial production adds to second quarter worries. Strongest downturn since December 2009
  • #656,128
  • Jun 13, 2012 6:27am Jun 13, 2012 6:27am
End of Correction
Attached Image (click to enlarge)
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  • #656,129
  • Jun 13, 2012 6:28am Jun 13, 2012 6:28am
i believe the price is due to fall back to 2511 in the next hour.

once it reaches that level, it would be in contact with the 10, 25, 50 and 200-EMAs on the 1H chart. The move from there could be in either direction.

and guess what ALSO comes out in exactly one hour?

US Core Retail Sales, US PPI and Retail Sales.

waiting for data then taking my position.
Daily Target: 20 pips
  • #656,130
  • Jun 13, 2012 6:36am Jun 13, 2012 6:36am
Quoting 5percent
learned about Opening hours and its effect.

You entered in a 1-5 minute period where boilinger bands are almost flat, currency hit top go down , up down, its very small.

Let it opened up first, then using RSI as a gauge to enter. I steal pips from the market more than 30 pips already just knowing when to enter and exit quickly.

I use 3-5-8 pips take profit. The closer it is the easier to close. some even close less than 1 minute.

When 2pm, u realize market is ranging up, use the 5 minute as a guide.

At 4pm onwards use the 15 minute as a guide....
As mentioned earlier, price action answers is always in daily chart.
The probability is much higher looking on daily chart to know where price are heading.

The moving average did went to meet 1.2550 area. If today's closing can close at 1.2580 area, we can see a start of uptrend towards 1.27 and higher. But its more or less affected fundamentally these two weeks to come.

Gold is a good indication of USD's bullishness or bearishness.
  • #656,131
  • Jun 13, 2012 6:46am Jun 13, 2012 6:46am
EUR/USD is trading in a range which it is currently at the top of and poised for a possible breakout higher. If it succeeds then expect a strong move up to the level of the weekly pivot at 1.2630 which is also equal to the width of the consolidation. Given the pair has broken out of its rising channel however a downside bias is present and the possibility of a fall to the major support lows at 1.2450 remains potent.
  • #656,132
  • Jun 13, 2012 6:51am Jun 13, 2012 6:51am
I have a long from 30, if we break 50, we should see 70, after that, we should be able to retest the week's high.. just my 2cents
  • #656,133
  • Jun 13, 2012 6:55am Jun 13, 2012 6:55am
http://www.reuters.com/article/2012/...85805E20120613
  • #656,134
  • Jun 13, 2012 7:01am Jun 13, 2012 7:01am
Again scalp long with tight stop loss in profit now. May I hold till 1.2560-1.2570?
Attached Image (click to enlarge)
Click to Enlarge Name: 06 13-Jun 11.59 AM.jpg Size: 98 KB
TRADE WHAT U SEE NOT WHAT U WANT TO SEE.
  • #656,135
  • Jun 13, 2012 7:06am Jun 13, 2012 7:06am
It sounds logical to reach weekly high something like 1.27x-128x. Greek elections would be joke again.
  • #656,136
  • Jun 13, 2012 7:06am Jun 13, 2012 7:06am
Quoting sukkim
Again scalp long with tight stop loss in profit now. May I hold till 1.2560-1.2570?
may be 2560 would be ok..
euro should pull back for sure ..
be carefull
  • #656,137
  • Jun 13, 2012 7:10am Jun 13, 2012 7:10am
euro might drop indeed, but i guess we see some support @ 12500 first, then @ 12470.. i'm not sure if 12440 will be tested today. but we shall see..
  • #656,138
  • Jun 13, 2012 7:11am Jun 13, 2012 7:11am
Who is buying euro and why? )) Any fundamental reason behind it?
Lets think that Greece will stay in Eurozone.. So what? Again debt problem, bailout. There will be less money for Spain and other debt burden countries. Fair value for the Euro is 1.23 at the moment and 1.20 on friday..
  • #656,139
  • Jun 13, 2012 7:14am Jun 13, 2012 7:14am
Quoting Azeriboy
Who is buying euro and why? )) Any fundamental reason behind it?
Lets think that Greece will stay in Eurozone.. So what? Again debt problem, bailout. There will be less money for Spain and other debt burden countries. Fair value for the Euro is 1.23 at the moment and 1.20 on friday..
I think shadows would kiss 1.2 next week.
  • #656,140
  • Jun 13, 2012 7:16am Jun 13, 2012 7:16am
I cannot find a fundamental reason for the move. I am rather new to forex, but neck deep in debt is still neck deep in debt. Euro moves without reason I noticed. Bernake's tie is green and not red, 60 pip move. Spain needs 100bln and not 120bln it moves up. It has come to the point where less negative news is good news. It's still shit lol.

I doubt it is going to get much higher before Greece elections, unless it is driving it up only to short the shit out of it Sunday.
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