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EURUSD

  • #660,841
  • Jun 21, 2012 3:25pm Jun 21, 2012 3:25pm
Quoting Blades1
Some people bought, while more people sold. A whole bunch of people (Institutional traders) banded together and decided to make some money. Honestly who cares why things happen, just set your orders in and go along for the ride =)
the technical answer for every move that happens is simply there was an imbalance in supply and demand at the moment ;-)


LoL!
  • #660,842
  • Jun 21, 2012 3:25pm Jun 21, 2012 3:25pm
Quoting jezek5
Thats been out for hours.
Yes, and yet nobody could articulate that... Anyway..
  • #660,843
  • Jun 21, 2012 3:25pm Jun 21, 2012 3:25pm
Attached Image (click to enlarge)
Click to Enlarge Name: eujune21.jpg Size: 164 KB


Downside targets.. for now, break those and we will go to 2010 lows.

don't mind the comic sans
  • #660,844
  • Jun 21, 2012 3:26pm Jun 21, 2012 3:26pm
Quoting attila
That and something else... Moody is just about the ax 9 major U.S. banks within minutes.. Let's see what effect that will have when it happens.
US and UK banks both get downgraded? Does anyone have a link please?
  • #660,845
  • Jun 21, 2012 3:27pm Jun 21, 2012 3:27pm
Quoting iamkjb
US and UK banks both get downgraded? Does anyone have a link please?
Mostly U.S. and U.K... like the e/u ones are healthy.. lol..
  • #660,846
  • Jun 21, 2012 3:28pm Jun 21, 2012 3:28pm
Quoting attila
Yes, and yet nobody could articulate that... Anyway..
that wasn't the cause for the drop though. Markets have been aware of this upcoming downgrade for weeks, and it involves banks in other countries also. Market started selling off at 10 this morning after the philly fed numbers.

Dow closed down 250 points!
All that is left in FF is just plain garbage. "Cloggie"
  • #660,847
  • Jun 21, 2012 3:29pm Jun 21, 2012 3:29pm
Quoting iamkjb
US and UK banks both get downgraded? Does anyone have a link please?
I got it somewhere else but here you go.

http://www.businessinsider.com/downg...ys-cuts-2012-6
You can remain irrational longer than you can remain solvent.
  • #660,848
  • Jun 21, 2012 3:31pm Jun 21, 2012 3:31pm
Quoting tonyo524
that wasn't the cause for the drop though. Markets have been aware of this upcoming downgrade for weeks, and it involves banks in other countries also. Market started selling off at 10 this morning after the philly fed numbers.

Dow closed down 250 points!
From january actually. But that's not the point. Anyway, why am I arguing here? No idea. Back to trading.
  • #660,849
  • Jun 21, 2012 3:32pm Jun 21, 2012 3:32pm
Quoting attila
Mostly U.S. and U.K... like the e/u ones are healthy.. lol..
The ECB are doing away with ratings agencys and will rate
them themselves....lol
You can remain irrational longer than you can remain solvent.
  • #660,850
  • Jun 21, 2012 3:32pm Jun 21, 2012 3:32pm
Guys I need to take a position now .... take it buy or sell what did you say
  • #660,851
  • Jun 21, 2012 3:33pm Jun 21, 2012 3:33pm
Quoting bariqnet
Guys I need to take a position now .... take it buy or sell what did you say
Just flip a coin mate,be as good as asking us.
You can remain irrational longer than you can remain solvent.
  • #660,852
  • Jun 21, 2012 3:34pm Jun 21, 2012 3:34pm
Quoting jezek5
The ECB are doing away with ratings agencys and will rate
them themselves....lol
yeah. I know. I thought that was hilarious...
  • #660,853
  • Jun 21, 2012 3:35pm Jun 21, 2012 3:35pm
Quoting jezek5
Just flip a coin mate,be as good as asking us.
hhehehe it's sell
  • #660,854
  • Jun 21, 2012 3:36pm Jun 21, 2012 3:36pm
Quoting jezek5
The ECB are doing away with ratings agencys and will rate
them themselves....lol
wow, they are getting desperate arent they.
  • #660,855
  • Jun 21, 2012 3:37pm Jun 21, 2012 3:37pm
http://www.ft.com/cms/s/0/eaa0abe4-7...#axzz1ySiCGRB2
  • #660,856
  • Jun 21, 2012 3:50pm Jun 21, 2012 3:50pm
So if US banks are downgraged, Eur go up?
  • #660,857
  • Jun 21, 2012 3:53pm Jun 21, 2012 3:53pm
Quoting Logik
So if US banks are downgraged, Eur go up?
I would think its already priced in,there has been rumblings
about this for some time but who knows,market does WTF it wants ,
when it wants.
You can remain irrational longer than you can remain solvent.
  • #660,858
  • Jun 21, 2012 4:03pm Jun 21, 2012 4:03pm
Today is just another prove for myself that charts/candles in general say everything that is going on with the market. I made a mistake cause I forgot to check the news and missed phily and homes and all of that fundie side that every tech head should be aware BUT
It worked out - one of the best days I have ever had - one of the best entries I have ever done - 24 % up and my trades are still open and secured. Good luck to all, hope many feel like I do tonight.
swing it!
  • #660,859
  • Jun 21, 2012 4:14pm Jun 21, 2012 4:14pm

  1. 4:44 PM The EU needs "creative" monetary policy to promote growth, says IMF chief Lagarde, emerging from a Eurogroup meeting. She throws her weight behind the idea the EFSF and ESM should be able directly fund banks (as opposed to having the sponsoring country apply for a rescue), and urges a "limited form of common debt" in the euro area. A summit of Merkel, Hollande, Monti, and Rajoy is set for tomorrow. 3 Comments
  2. EWI, ITLY
    3:55 PM Mario Monti's government is teetering (read Berlusconi's interview yesterday), and he may need a home run at tomorrow's summit in the form of a major concession from Germany to survive. Things haven't gotten off to a good start, with the Bundesbank today rejecting a piece of the Monti plan to support peripheral bond markets. Comment!
  3. JPM, GS
    3:30 PM Five U.S. banks and 9 European banks have had their ratings cut by Moody's, reports CNBC, with the official announcement coming soon. On the U.S. side, JPM, GS, and C look to be receiving 2-notch cuts, worse than hoped. BAC is said to receive a 1-notch cut, in line. No word yet on MS, but the expectation is for a multi-notch cut. 2 Comments
  4. FXE, ULE
    3:25 PM The Bundesbank rejects (for what must be the 50th time) a plan from Mario Monti for the ECB to purchase peripheral sovereign debt in the secondary market, reports FT Deutschland. "This would be monetary financing of government(s) and therefore a breach of EU treaties," says the Buba. The euro takes a new leg down, off 1.3% to $1.2539.

  • #660,860
  • Jun 21, 2012 4:14pm Jun 21, 2012 4:14pm
1.254 looks to be a good entry point for a long right now.

still looking to that ascending triangle on the daily for a support point
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