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  • #656,361
  • Jun 13, 2012 10:24am Jun 13, 2012 10:24am
Quoting freethug
been a good day, TP at 1.2592 from 1,2537.
Good for you mate
  • #656,362
  • Jun 13, 2012 10:25am Jun 13, 2012 10:25am
I just short 590 with hope tp 540
  • #656,363
  • Jun 13, 2012 10:25am Jun 13, 2012 10:25am
Quoting undertaker66
how to understand that it's the very top?

entire libraries of books have been written trying to answer that question....
  • #656,364
  • Jun 13, 2012 10:26am Jun 13, 2012 10:26am
Stopped out at 1.26, utterly stupid rally! What a load of BS, this market is out of control and disconnected with reality

I'm shorting again just for the hell of it
  • #656,365
  • Jun 13, 2012 10:26am Jun 13, 2012 10:26am
Sycho, you're the shit, man! Hit both your targets like you predicted... You got a line into the future?
  • #656,366
  • Jun 13, 2012 10:27am Jun 13, 2012 10:27am
Quoting Crassius
or do what ever you want its your money
hahaha

i want to ask your opinion on something though..

do you think we're now entering a bullish trend (for a longer time frame) because of this QE rumor?

I intend on shorting once this tops up. but i'm limiting my target to something around 50% of whatever this upward move will end up giving.

i have a feeling the down move will only be a retracement on the hourly chart and the trend has reversed.

what do you think?
Daily Target: 20 pips
  • #656,367
  • Jun 13, 2012 10:27am Jun 13, 2012 10:27am
Quoting Bakker
I don't know what you're complaining about, the eur reached its bottom on the June 1st and will never be close to that in coming years. Look at the weekly and monthly charts.

Depends on you time frame I suppose ---

For me I am not looking for any day trading longs until we get a daily close above 1.2660
  • #656,368
  • Jun 13, 2012 10:28am Jun 13, 2012 10:28am
and my bear with jet plane crashed!! crash boom bang!!
You are a Fun-Loving Trader (I do better when i have fun)
  • #656,369
  • Jun 13, 2012 10:29am Jun 13, 2012 10:29am
Quoting bennyblanco

I'm shorting again just for the hell of it

That's it Man.... you show those MF'rs.... Triple your trade size so they'll know you mean it this time .....

actually just stop trading for today.... the market will still be here in the morning
  • #656,370
  • Jun 13, 2012 10:32am Jun 13, 2012 10:32am
Quoting TauTrader
Good day to you,

Entered long @ 1.2500.

will add every 50 pips against this position.

All success to you

Regards
Peace.

Regards
  • #656,371
  • Jun 13, 2012 10:35am Jun 13, 2012 10:35am
Quoting fxanonymous
hahaha

i want to ask your opinion on something though..

do you think we're now entering a bullish trend (for a longer time frame) because of this QE rumor?

I intend on shorting once this tops up. but i'm limiting my target to something around 50% of whatever this upward move will end up giving.

i have a feeling the down move will only be a retracement on the hourly chart and the trend has reversed.

what do you think?
Since you asked --

My sentiment remains bearish until a daily close above 1.2660.... which also would be a daily close above the channel on the chart I posted earlier....

I only look for short entries until then.... I have a pre-difined set of rules for what an entry is... and is not....

I don't take a trade unless it ticks every box on my setup rules.

I sometimes miss entries because they were not quite perfect. That's OK... I know I cant call every turn in the market and don't try to...

I try to make and the KEEP the profit from a few trades a week.... some I miss ... so be it...

by limiting the entries to only those that are perfect, I avoid getting chopped to death...
  • #656,372
  • Jun 13, 2012 10:35am Jun 13, 2012 10:35am
They're all egging it on now, I'm out for the time being. This is utter BS!

http://www.dailyfx.com/forex/fundame...tm_campaign=ps
  • #656,373
  • Jun 13, 2012 10:36am Jun 13, 2012 10:36am
I'm about to get margin call if this keeps going up!!!

This is my first and last account, I'm not trading anymore ever.
  • #656,374
  • Jun 13, 2012 10:36am Jun 13, 2012 10:36am
Quoting mv6
maybe sell is good idea from 1.2590-1.2620 with sl 50p and tp 150p i thinking
e/u sell 2603 sl 2653 tp 2453
More on my Blog...
  • #656,375
  • Jun 13, 2012 10:37am Jun 13, 2012 10:37am
Quoting 5percent
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.
Price action have reached 1 2580 into 1 2590. As seen on the daily chart. The 4hourly support during Asian hours from 1 2470-12495 is an indication for a good buy. Daily moving average meet at 1.2555 trend changes. The funny thing is everyone thinks fundamentally short bc of euro drama. But 1 2440is tech support. Big player entered from 1 2290 it hard to sell. when retailer is short. Someone goes long. today daily close is important. Anything above 1 2590 may end the bearish momentum for a short while.
  • #656,376
  • Jun 13, 2012 10:38am Jun 13, 2012 10:38am
Quoting mv6
e/u sell 2603 sl 2653 tp 2453
you think it's "the very top"?
  • #656,377
  • Jun 13, 2012 10:39am Jun 13, 2012 10:39am
My left eye is on 2623 for reversal, right eye on my ever lowering balances.
4H chart
  • #656,378
  • Jun 13, 2012 10:41am Jun 13, 2012 10:41am
Quoting undertaker66
you think it's "the very top"?
looks it going to test 20 , better take break
Mohan
  • #656,379
  • Jun 13, 2012 10:41am Jun 13, 2012 10:41am
Quoting Crassius
Since you asked --

I don't take a trade unless it ticks every box on my setup rules.

I sometimes miss entries because they were not quite perfect. That's OK... I know I cant call every turn in the market and don't try to...

I try to make and the KEEP the profit from a few trades a week.... some I miss ... so be it...

by limiting the entries to only those that are perfect, I avoid getting chopped to death...
you just made me feel better about my strategy.

believe it or not, i had a pending long at 1.2514 about two hours ago and the price hit 1.2515 and ... well you know what happened next.

good on you mate.
Daily Target: 20 pips
  • #656,380
  • Jun 13, 2012 10:42am Jun 13, 2012 10:42am
Quoting mohan76
looks it going to test 20 , better take break

Indeed.
"Trading: the hardest easy money you're going to earn." -Mark Douglas.
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