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EURUSD

  • #660,001
  • Jun 20, 2012 11:51am Jun 20, 2012 11:51am
i just dont get it. is it finished?
  • #660,002
  • Jun 20, 2012 11:51am Jun 20, 2012 11:51am
who got burnT??? long or short both get burns
  • #660,003
  • Jun 20, 2012 11:51am Jun 20, 2012 11:51am
Quoting Nachiket
yes probably not today but we know that qe3 is not coming soon.

also wait for press conference.
True. Does anyone know what is going to be covered in conference? Same stuff as report or is he going to add anything?
  • #660,004
  • Jun 20, 2012 11:52am Jun 20, 2012 11:52am
bad news eur
i know we eventually will be together
  • #660,005
  • Jun 20, 2012 11:53am Jun 20, 2012 11:53am
i guess uncle ben's gonna talk about the economic outlook. according to that outlook fed will decide on it's policy.
  • #660,006
  • Jun 20, 2012 11:53am Jun 20, 2012 11:53am
Quoting undertaker66
i just dont get it. is it finished?
I dont think so, but it may see some sideways action. There is a lot of traders buying on dips, but I think that is a losing position now since the whole ride up was based on QE
  • #660,007
  • Jun 20, 2012 11:53am Jun 20, 2012 11:53am
Quoting undertaker66
i just dont get it. is it finished?
It's just started...same thing will happen in one hour an half!

It perfectly bounced from the 1,263x area so far. Still good for the bulls unless H1 closes below 1,2660
COT: The precious data ignored
  • #660,008
  • Jun 20, 2012 11:54am Jun 20, 2012 11:54am
Quoting pip_trader
I dont think so, but it may see some sideways action. There is a lot of traders buying on dips, but I think that is a losing position now since the whole ride up was based on QE
are you buying or selling now and in future?
  • #660,009
  • Jun 20, 2012 11:54am Jun 20, 2012 11:54am
This Market is driving everyone crazy.. very bad month for trading..

no liquidity and only shit moves with sl hunting and fake breakouts!

Fuc§$§ed!

Was hoping for some smooth move in this FOMC sta. but nooo the market is dead.. this shit euro crises !
  • #660,010
  • Jun 20, 2012 11:55am Jun 20, 2012 11:55am
i place 3 pending earlier and all got auto take profit closed. such market is really lame shit LOL. cannot stay in the market more than 5 minutes, it just keep going up and down. Its not even one directional, its both way and that's even crazier!
  • #660,011
  • Jun 20, 2012 11:56am Jun 20, 2012 11:56am
Quoting 5percent
i place 3 pending earlier and all got auto take profit closed. such market is really lame shit LOL. cannot stay in the market more than 5 minutes, it just keep going up and down. Its not even one directional, its both way and that's even crazier!

agree
  • #660,012
  • Jun 20, 2012 11:56am Jun 20, 2012 11:56am
i think it will go down slowly with upside trend .... i GUESS
  • #660,013
  • Jun 20, 2012 11:57am Jun 20, 2012 11:57am
Quoting 5percent
who got burnT??? long or short both get burns
Nobody who was positioned well and market actually allow this to happend
You were/are safe if you shorted from:

NZD/USD 0,7965 H1
EUR/USD 1,2700 H1
AUD/USD 1,0190 M30
GBP/JPY 125,300 H1
swing it!
  • #660,014
  • Jun 20, 2012 11:57am Jun 20, 2012 11:57am
Taken a few longs at 2645. 1000EMA on 5 Minute Chart (cream dotted line). Targeting 2720 or more. . All naked trades.
Attached Image (click to enlarge)
Click to Enlarge Name: fomc longs.gif Size: 22 KB
  • #660,015
  • Jun 20, 2012 11:58am Jun 20, 2012 11:58am
Quoting undertaker66
has anything been announced? i missed the whole damn thing
The Federal Reserve will expand its program to replace short-term bonds with longer-term debt by $267 billion through the end of the year in a bid to reduce unemployment and protect the expansion.

http://www.bloomberg.com/news/2012-0...-year-end.html
  • #660,016
  • Jun 20, 2012 11:59am Jun 20, 2012 11:59am
Quoting jnevins
The Federal Reserve will expand its program to replace short-term bonds with longer-term debt by $267 billion through the end of the year in a bid to reduce unemployment and protect the expansion.

http://www.bloomberg.com/news/2012-0...-year-end.html
so it should go down then, but tm its going up, just wtf?
  • #660,017
  • Jun 20, 2012 12:00pm Jun 20, 2012 12:00pm
Quoting tomspin
Nobody who was positioned well and market actually allow this to happend
You were/are safe if you shorted from:

NZD/USD 0,7965 H1
EUR/USD 1,2700 H1
AUD/USD 1,0190 M30
GBP/JPY 125,300 H1
I wouldn't dare shorting anything...i've been only buying eurusd and gbpjpy for days...but i'm flat now.
Bernanke knows about fucked things up.

For some reason i can't see the downmove you guys are seeing. I may start to be blind
COT: The precious data ignored
  • #660,018
  • Jun 20, 2012 12:00pm Jun 20, 2012 12:00pm
But wait, another shit move to come. You have to develop a shit style/method to trade this market.


Quoting fxkiller
This Market is driving everyone crazy.. very bad month for trading..

no liquidity and only shit moves with sl hunting and fake breakouts!

Fuc§$§ed!

Was hoping for some smooth move in this FOMC sta. but nooo the market is dead.. this shit euro crises !
  • #660,019
  • Jun 20, 2012 12:00pm Jun 20, 2012 12:00pm
Quoting undertaker66
so it should go down then, but tm its going up, just wtf?
RELAX market will go down soon coz no QE3 also trend is extremely overbought ......
  • #660,020
  • Jun 20, 2012 12:01pm Jun 20, 2012 12:01pm
i place 3 pending earlier and all got auto take profit closed. such market is really lame shit LOL. cannot stay in the market more than 5 minutes, it just keep going up and down. Its not even one directional, its both way and that's even crazier!



LoooooL......I love it f*****g crazy for 10 minutes then all back to normal, trying to "Chase TheDragon", but nothing really gained or lossed.

I am up today so might close all last few little trades for the day.

Everything comes to those who wait !!!!

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