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  • #660,021
  • Jun 20, 2012 12:01pm Jun 20, 2012 12:01pm
Quoting undertaker66
are you buying or selling now and in future?
I am going to wait for the conference. Yesterday I neglected my charts and got trapped, so I will look over somethings until then. Sentiments should be the same in the conference, so I see more of a decline. I think this is artificial buy to recoup the decline.
  • #660,022
  • Jun 20, 2012 12:01pm Jun 20, 2012 12:01pm
Quoting undertaker66
so it should go down then, but tm its going up, just wtf?
Patience... just a retest of the highs on the downward sloping trendline on the 1 min chart...
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  • #660,023
  • Jun 20, 2012 12:02pm Jun 20, 2012 12:02pm
More or less, i am still interpreting this as nowhere, and market is not going to sell off either, there are heavy buy order which made the price where it is now from awhile ago. its more or less on 1.2680 +++ going up?

Hourly is a pin bar. I will stay out now, unless RSI tells me what to do. Either way up or down now remains gambling.

So far its supporting a no range, between 1.2670-1.2720.

1.2630 earlier was just a plunge, and 15min showed strong recovery just like GBP/USD earlier this london session.
  • #660,024
  • Jun 20, 2012 12:02pm Jun 20, 2012 12:02pm
What a mess! I've grown to have a really passionate hatred of this pair recently, this latest bout of stupidity just underscores what a rigged game this is.

Well, I'm giving up FX trading after a few months trying to make it work. Start a new full time regular job on Monday, will be a relief to earn some decent money again and not be relying on this sh*t

Good luck to those who can make it work for them, but for me I now utterly hate it. I'm out of the game
  • #660,025
  • Jun 20, 2012 12:03pm Jun 20, 2012 12:03pm
aussie flyin????
  • #660,026
  • Jun 20, 2012 12:04pm Jun 20, 2012 12:04pm
look out below
  • #660,027
  • Jun 20, 2012 12:05pm Jun 20, 2012 12:05pm
Quoting bennyblanco
What a mess! I've grown to have a really passionate hatred of this pair recently, this latest bout of stupidity just underscores what a rigged game this is.

Well, I'm giving up FX trading after a few months trying to make it work. Start a new full time regular job on Monday, will be a relief to earn some decent money again and not be relying on this sh*t

Good luck to those who can make it work for them, but for me I now utterly hate it. I'm out of the game
Takes a solid 5 years of daily training or a minimum of 10,000 hours to really get this and be consistently profitable....Hopefully you'll continue to learn along with your new job and not give up entirely.
  • #660,028
  • Jun 20, 2012 12:05pm Jun 20, 2012 12:05pm
Thank god I was out at a cigar lounge and just came back.

Those moves were just fucked up right there.
  • #660,029
  • Jun 20, 2012 12:07pm Jun 20, 2012 12:07pm
The thing i don't understand is everybody said there won't be QE3 ...expect these dumb of Goldman Sachs.

If everybody knew it, why it rallied ? And now we know there won't be QE3 today so why it keeps going up ?

Stop shorting until you really know what's really happening guys. Just my 2cents
COT: The precious data ignored
  • #660,030
  • Jun 20, 2012 12:07pm Jun 20, 2012 12:07pm
press conference with #Bernanke begins in 7 minutes.
http://www.ustream.tv/federalreserve
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #660,031
  • Jun 20, 2012 12:07pm Jun 20, 2012 12:07pm
Quoting kuroro001
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
Yes I agree I would say that trading should resume tommorow at London open and that is what I will do as set ups I posted there happend before FOMC and could be spoted by any candle bastard like me - made some pips from it and now all those hammers we see across the board says:

Nachicket is the BEST contrarian this forum ever had

Sorry Kuroro I couldn't help myself


Edit btw those hammers bounced off some important pivot points
swing it!
  • #660,032
  • Jun 20, 2012 12:07pm Jun 20, 2012 12:07pm
still cant seem to escape the clutches of that damn daily downtrend line.
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  • #660,033
  • Jun 20, 2012 12:09pm Jun 20, 2012 12:09pm
Quoting Crassius
http://www.forexfactory.com/news.php?do=news&id=369289


This could give reason for the market to test 1.3000 over the coming sessions...

Helicopter Ben's press conference Wednesday is still a key event, dashing QE3 hopes would pressure equities that have been pricing in easing by the Fed and weigh in the Euro short term....

but if Merkel has given up, this will remove the pressure on bond yields -- which was the driver yesterday with the market falling 100 pips after I posted this yesterday...

Quoting Crassius
Spanish Ten...

1.2825 remains strong resistence that will be hard to break.... but if it does....
Merkel hints that she is caving and will allow direct bond purchases --
  • #660,034
  • Jun 20, 2012 12:09pm Jun 20, 2012 12:09pm
Yeh, I might still try a little. Just don't trust anything about any of the moves in this current market

Quoting jnevins
Takes a solid 5 years of daily training or a minimum of 10,000 hours to really get this and be consistently profitable....Hopefully you'll continue to learn along with your new job and not give up entirely.
  • #660,035
  • Jun 20, 2012 12:09pm Jun 20, 2012 12:09pm
Quoting todstars2
still cant seem to escape the clutches of that damn daily downtrend line.
it seems it doesnt care
anybody adding shorts?
  • #660,036
  • Jun 20, 2012 12:10pm Jun 20, 2012 12:10pm
what tthe fuckkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkk
  • #660,037
  • Jun 20, 2012 12:10pm Jun 20, 2012 12:10pm
That pop was lame. Anyone capitalize?
  • #660,038
  • Jun 20, 2012 12:11pm Jun 20, 2012 12:11pm
Quoting kuroro001
The thing i don't understand is everybody said there won't be QE3 ...expect these dumb of Goldman Sachs.

If everybody knew it, why it rallied ? And now we know there won't be QE3 today so why it keeps going up ?

Stop shorting until you really know what's really happening guys. Just my 2cents
Did you forget? Goldman makes money off your losses they have been trading against their clients since god knows when.

And FUCK.

My pending long triggered before I closed it.
  • #660,039
  • Jun 20, 2012 12:12pm Jun 20, 2012 12:12pm
Quoting tomspin
Yes I agree I would say that trading should resume tommorow at London open and that is what I will do as set ups I posted there happend before FOMC and could be spoted by any candle bastard like me - made some pips from it and now all those hammers we see across the board says:

Nachicket is the BEST contrarian this forum ever had

Sorry Kuroro I couldn't help myself


Edit btw those hammers bounced off some important pivot points
thank you for your kind words. i exited all my shorts in the first 5 minutes of FOMC. So I give a damm to this shit move and shit it is. I still sell this bitch may be before that clown's press conference.
  • #660,040
  • Jun 20, 2012 12:13pm Jun 20, 2012 12:13pm
Quoting bennyblanco
What a mess! I've grown to have a really passionate hatred of this pair recently, this latest bout of stupidity just underscores what a rigged game this is.

Well, I'm giving up FX trading after a few months trying to make it work. Start a new full time regular job on Monday, will be a relief to earn some decent money again and not be relying on this sh*t

Good luck to those who can make it work for them, but for me I now utterly hate it. I'm out of the game
Try and look at it logically and it will drive you nuts.

Just accept what you see, try catch a wave now and then, time out during the crazy bits.

Good luck with the new job.
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