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  • #661,501
  • Jun 25, 2012 12:31am Jun 25, 2012 12:31am
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 25, 2012 12:40am Jun 25, 2012 12:40am
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 25, 2012 12:42am Jun 25, 2012 12:42am
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 25, 2012 12:43am Jun 25, 2012 12:43am
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 25, 2012 12:44am Jun 25, 2012 12:44am
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 25, 2012 12:46am Jun 25, 2012 12:46am
Daily stochist have dip below 20, now its interesting to see, if euro goes up or it extends its losses.
  • #661,507
  • Jun 25, 2012 12:48am Jun 25, 2012 12:48am
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 25, 2012 1:08am Jun 25, 2012 1:08am
Bids touted layed into 1.2500 between 1.2520 and 1.2500...

Large group of sell stops located 1.2470
  • #661,509
  • Jun 25, 2012 1:15am Jun 25, 2012 1:15am
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 25, 2012 1:25am Jun 25, 2012 1:25am
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 25, 2012 1:33am Jun 25, 2012 1:33am
oopsie... what just happened
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  • #661,512
  • Jun 25, 2012 1:38am Jun 25, 2012 1:38am
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 25, 2012 1:38am Jun 25, 2012 1:38am
Quoting Geppy
oopsie... what just happened

Not seeing anything on the wires --
  • #661,514
  • Jun 25, 2012 1:39am Jun 25, 2012 1:39am
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 25, 2012 1:40am Jun 25, 2012 1:40am
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 25, 2012 1:41am Jun 25, 2012 1:41am
Quoting Crassius
Not seeing anything on the wires --
bond market open , yeild open little high
Mohan
  • #661,517
  • Jun 25, 2012 1:41am Jun 25, 2012 1:41am
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 25, 2012 1:42am Jun 25, 2012 1:42am
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 25, 2012 1:44am Jun 25, 2012 1:44am
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 25, 2012 1:48am Jun 25, 2012 1:48am
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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