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  • #661,501
  • Jun 24, 2012 10:31pm Jun 24, 2012 10:31pm
why do tv analyst always say the market is low, but truth shows the market to be within 10% of it's ALL TIME HIGH
  • #661,502
  • Jun 24, 2012 10:40pm Jun 24, 2012 10:40pm
Quoting JTattheRanch
why do tv analyst always say the market is low, but truth shows the market to be within 10% of it's ALL TIME HIGH
will they be punished for saying something wrong.
deep RoT is essential for everlasting happyness
  • #661,503
  • Jun 24, 2012 10:42pm Jun 24, 2012 10:42pm
not gonna be easy for dollar to climb higher.....

expect probabli ranging tonight
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Patience, Emotion Control and Discipline.
  • #661,504
  • Jun 24, 2012 10:43pm Jun 24, 2012 10:43pm
Good Morning!

Last weeks ECOFIN wasn't enough for the market to buy EUR. This isn't the solution. We have this EU Summit on Thursday so I think they will push it down till then. And If they come out with good news then buy, else I will keep my shorts until it reach 1.2200.
Forget these gaps. Big guys knows that a lot of 'small investors' want to fill that gap and they know that the stops are under 1.2518
Cheers
"Study the past if you would define the future." Confucius
  • #661,505
  • Jun 24, 2012 10:44pm Jun 24, 2012 10:44pm
Good morning everyone (GMT Time),

Today, I am watching on daily chart which telling me falling more downward. RSI making lower and market is now below 50SMA. I prefer to stay short based on 15min chart at lower high zone.
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TRADE WHAT U SEE NOT WHAT U WANT TO SEE.
  • #661,506
  • Jun 24, 2012 10:46pm Jun 24, 2012 10:46pm
Daily stochist have dip below 20, now its interesting to see, if euro goes up or it extends its losses.
  • #661,507
  • Jun 24, 2012 10:48pm Jun 24, 2012 10:48pm
Man long is struggling ,back to where I started.

What are they feeding these bulls

We need this shit EUR to go up
  • #661,508
  • Jun 24, 2012 11:08pm Jun 24, 2012 11:08pm
Bids touted layed into 1.2500 between 1.2520 and 1.2500...

Large group of sell stops located 1.2470
  • #661,509
  • Jun 24, 2012 11:15pm Jun 24, 2012 11:15pm
Some support at 2519/2522 from the last few days.

Took a long @ 2522.5, SL 8 pips.. should be enough. No need to risk any more than that, if it breaks below then I get out asap
  • #661,510
  • Jun 24, 2012 11:25pm Jun 24, 2012 11:25pm
I am long EURUSD today. At least until the EU Summit is over. I think market may be cautiously long, in case the politicians really come up with something concrete, though highly unlikely.
  • #661,511
  • Jun 24, 2012 11:33pm Jun 24, 2012 11:33pm
oopsie... what just happened
check out my blog: forexmademillionaire dot com
  • #661,512
  • Jun 24, 2012 11:38pm Jun 24, 2012 11:38pm
Quoting diggo
Some support at 2519/2522 from the last few days.

Took a long @ 2522.5, SL 8 pips.. should be enough. No need to risk any more than that, if it breaks below then I get out asap
-8
  • #661,513
  • Jun 24, 2012 11:38pm Jun 24, 2012 11:38pm
Quoting Geppy
oopsie... what just happened

Not seeing anything on the wires --
  • #661,514
  • Jun 24, 2012 11:39pm Jun 24, 2012 11:39pm
Quoting johncen
not gonna be easy for dollar to climb higher.....

expect probabli ranging tonight
and a break out just before london....
Patience, Emotion Control and Discipline.
  • #661,515
  • Jun 24, 2012 11:40pm Jun 24, 2012 11:40pm
Quoting Crassius
Not seeing anything on the wires --
I know, it was a joke. Bound to happen eventually.
check out my blog: forexmademillionaire dot com
  • #661,516
  • Jun 24, 2012 11:41pm Jun 24, 2012 11:41pm
Quoting Crassius
Not seeing anything on the wires --
bond market open , yeild open little high
Mohan
  • #661,517
  • Jun 24, 2012 11:41pm Jun 24, 2012 11:41pm
Quoting Geppy
oopsie... what just happened
Geppy, I read your post in the Useless thread.. you said don't long until the support holds. At which point do you determine that it has held? By that time, wouldn't the price be much further away from the risk?

I longed with a tight stop on the first test. Learning from Gator, I enter as close to the risk as possible to minimise my losses and maximise profits. Just like to get your thoughts on this
  • #661,518
  • Jun 24, 2012 11:42pm Jun 24, 2012 11:42pm
my short has been triggered at 1.2513 and now my sl is at 1.2595 1st target is 1.2431 (1:1) and final target 1.2333

and also taken an opposite position buy in USDCHF buy

Both trades together i have taken a risk of 1%
  • #661,519
  • Jun 24, 2012 11:44pm Jun 24, 2012 11:44pm
If were a bank and wanted to flush out all the weak longs... running price into 1.2500 would get it done... still -- that's a bit aggressive for the usual morning stop hunt...
  • #661,520
  • Jun 24, 2012 11:48pm Jun 24, 2012 11:48pm
Quoting Crassius
If were a bank and wanted to flush out all the weak longs... running price into 1.2500 would get it done... still -- that's a bit aggressive for the usual morning stop hunt...
Quite aggressive. Looks like the next stop will be 2442/35
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