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  • #662,561
  • Jun 27, 2012 7:50pm Jun 27, 2012 7:50pm
Quoting mohan76
what made that Aussie pop up?
AUD is leading the rally on the upside...

Best regards,
Pico.
  • #662,562
  • Jun 27, 2012 7:53pm Jun 27, 2012 7:53pm
Quoting Globetrotter
Hi Pico. Just out of interest how can we expect more gains and how the hell is the euro holding up considering all the bad news and the stronger dollar past these few days??
Dear Globetrotter,

They simply created sentiment and will act against it...

Best regards,
Pico.
  • #662,563
  • Jun 27, 2012 7:54pm Jun 27, 2012 7:54pm
Germany will exit the Euro.
  • #662,564
  • Jun 27, 2012 7:59pm Jun 27, 2012 7:59pm
Quoting pico_zeh
Dear Globetrotter,

They simply created sentiment and will act against it...

Best regards,
Pico.
Hmmmmm suppose ur right. Everytime there is bad news the market either ranges or rises. Trouble with this game is whatever happens u should do the complete damn opposite. I only went long because i was hoping the range would hold and come bk in2 the 90's. Thankfully target was hit but wont be doing that in a hurry again. Patience is a virtue in this game and i seem very keen to lack it lol
  • #662,565
  • Jun 27, 2012 8:03pm Jun 27, 2012 8:03pm
http://www.cnbc.com/id/47973520

ROR, I just find it amusing people are contemplating the idea Germany would just leave.
  • #662,566
  • Jun 27, 2012 8:04pm Jun 27, 2012 8:04pm
Quoting clambill
Germany will exit the Euro.
I like its.

End of all EU problem , only have country problem
  • #662,567
  • Jun 27, 2012 8:07pm Jun 27, 2012 8:07pm
Quoting Globetrotter
Hmmmmm suppose ur right. Everytime there is bad news the market either ranges or rises. Trouble with this game is whatever happens u should do the complete damn opposite. I only went long because i was hoping the range would hold and come bk in2 the 90's. Thankfully target was hit but wont be doing that in a hurry again. Patience is a virtue in this game and i seem very keen to lack it lol
News are just excuses used by the players to make their intentional moves, the cards are already marked. Just traders need the causes for the moves to try to understand what is happening. You can realize that bad news can also rise EURO as risk aversion attribute, so for every move will always have someone trying to explain it...

Best regards,
Pico.
  • #662,568
  • Jun 27, 2012 8:10pm Jun 27, 2012 8:10pm
Quoting Globetrotter
Boom target hit. Least i can get some rest now and not get moaned at by the mrs for getting to bed to late. Happy hunting and green pips to all
So True!
  • #662,569
  • Jun 27, 2012 8:14pm Jun 27, 2012 8:14pm
Below is my chart for what I see on this pair regarding the recent price action, 4hourly seems to be having trouble crossing to the short side on the support price at 1.2455 since the past two weeks.

http://3.bp.blogspot.com/-eDjJKw7OnW...06-27+-+01.gif

divergence on the last swings low seems to be indicating further struggling around this spot for the short term.

Next is the daily TF, where an inside bar formed for the Wednesday price action, We need a close below or above it before we can take a decision for the next action I believe.

http://4.bp.blogspot.com/-QNb6-lqGpd...06-27+-+02.gif

Given by recent trend I would be short biased still, since technicals indicate the long term downtrend is in place, caution is advice as we are at support as stated before.
  • #662,570
  • Jun 27, 2012 8:15pm Jun 27, 2012 8:15pm
Quoting pico_zeh
News are just excuses used by the players to make their intentional moves, the cards are already marked. Just traders need the causes for the moves to try to understand what is happening. You can realize that bad news can also rise EURO as risk aversion attribute, so for every move will always have someone trying to explain it...

Best regards,
Pico.
Thanx pico. Im still kind of new 2 this. Its took me a few years 2 learn and still make many mistakes but what i have learnt from 1 poster on here (HDA) is not 2 follow the market movers ie the economic calender especially the big moves because what goes up or down on data always reverts bk 2 the trend. Anyway im off to bed so happy pip hunting and we will see what tomorrow brings.
  • #662,571
  • Jun 27, 2012 8:16pm Jun 27, 2012 8:16pm
Quoting Piters
maybe this
thanks Piters
Mohan
  • #662,572
  • Jun 27, 2012 8:24pm Jun 27, 2012 8:24pm
Quoting mohan76
thanks Piters
That is a new hope.
  • #662,573
  • Jun 27, 2012 8:27pm Jun 27, 2012 8:27pm
Will be pass this point? (1.2490-1.2520)
  • #662,574
  • Jun 27, 2012 8:42pm Jun 27, 2012 8:42pm
Quoting suthmo
2450 2508 2250
Sold down to and bought 2450 almost at 2508 tp and into trade 3 sell 1.2508 for 22XX however with Euro holding on 68.1% of the previous weeks up move this could become wave 1 in a bull run. Will trail my 2450 longs If we breach 23% of this down run I think bull channel in progress.
Attached Image (click to enlarge)
Click to Enlarge Name: 06.26.12 EUR VIEW.png Size: 31 KB
Founder of Sutherland Wave Principle
  • #662,575
  • Jun 27, 2012 8:45pm Jun 27, 2012 8:45pm
Arghh... I fall asleep
And miss out the trade..
What happen now how the eurusd..??
  • #662,576
  • Jun 27, 2012 8:47pm Jun 27, 2012 8:47pm
This number has been on my chart for weeks.

http://www.forexfactory.com/search.php?searchid=2857882

2462 above, 2259 below.
  • #662,577
  • Jun 27, 2012 8:52pm Jun 27, 2012 8:52pm
Quoting pico_zeh
News are just excuses used by the players to make their intentional moves, the cards are already marked. Just traders need the causes for the moves to try to understand what is happening. You can realize that bad news can also rise EURO as risk aversion attribute, so for every move will always have someone trying to explain it...

Best regards,
Pico.
It's all in the charts, technical wise as well. News tends to spark the ball going. Corrections are healthy and makes perfectly sense. Bulls protecting current lows, bears need more strenght from bigger bears . Look at recent days price action, swallow pullbacks causing too little strenght to the downside, divergence occure, also on bigger timeframes. A sign that something is in the works. Suddenly the ball jumps back up, like when you've pressed it under water :-)
  • #662,578
  • Jun 27, 2012 9:10pm Jun 27, 2012 9:10pm
Quoting enterfx
It's all in the charts, technical wise as well. News tends to spark the ball going. Corrections are healthy and makes perfectly sense. Bulls protecting current lows, bears need more strenght from bigger bears . Look at recent days price action, swallow pullbacks causing too little strenght to the downside, divergence occure, also on bigger timeframes. A sign that something is in the works. Suddenly the ball jumps back up, like when you've pressed it under water :-)
Dear enterfx,

The moves are made by the banks, if everyone here buy euro, it will not move any pip. This quick moves they do is mainly false moves, they drop the market using what is known as circular trading to hit traders stops and to create bearish feel, this way they accumulate more buy positions from those who short on breakout and then quickly recover to offload higher...

Best regards,
Pico.
  • #662,579
  • Jun 27, 2012 9:25pm Jun 27, 2012 9:25pm
Quoting pico_zeh
Dear enterfx,

The moves are made by the banks, if everyone here buy euro, it will not move any pip. This quick moves they do is mainly false moves, they drop the market using what is known as circular trading to hit traders stops and to create bearish feel, this way they accumulate more buy positions from those who short on breakout and then quickly recover to offload higher...

Best regards,
Pico.
“Don't cry because it's over, smile because it happened.”
  • #662,580
  • Jun 27, 2012 9:40pm Jun 27, 2012 9:40pm
Quoting pico_zeh
Dear enterfx,

The moves are made by the banks, if everyone here buy euro, it will not move any pip. This quick moves they do is mainly false moves, they drop the market using what is known as circular trading to hit traders stops and to create bearish feel, this way they accumulate more buy positions from those who short on breakout and then quickly recover to offload higher...

Best regards,
Pico.
This move is not false. You need to look at the bigger picture. Banks and institutions do, and they always consist of Bulls and Bears. What moves the market is buying and selling, STOPS and TP's are also part of it. When a trend is exhausted it needs a reset (pullback) to catch up.

This move was clearly warned beforehand by several charts and indicators.
#662575 && #662595


Shorting into todays price action was out of the question in my book :-)

Will be looking for a buy setup tomorrow.

Have a good one. Good night.
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