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  • #662,981
  • Jun 28, 2012 8:06pm Jun 28, 2012 8:06pm
Quoting Eric D
Thank you for the kind words balanced2012, since the trend is still technically down for the daily, a retracement might not be to large in extent nor I would trade against it, however there is no closer support level than the 1.2740 spot depicted in the green horizontal line, that just in the case price breaks above the Outside Bar around 1.2523 and the trigger channel (5 SMA of lows and a 5 SMA of highs), CCI should be leaving the oversold area too in that case.

http://4.bp.blogspot.com/-EzVvHnFIC5...06-28+-+03.gif...
thanks Mate Really appreciate the detailed explaination ... Good luck and have a green day !!
“Don't cry because it's over, smile because it happened.”
  • #662,982
  • Jun 28, 2012 8:58pm Jun 28, 2012 8:58pm
Lets see what happens in this 455 465 area
  • #662,983
  • Jun 28, 2012 9:07pm Jun 28, 2012 9:07pm
http://business.financialpost.com/20...pts-at-summit/

Overnight meeting? Well, well, how many hours of sleep are they going to get before meeting on Friday? Does this mean negotiations are going well?

:O
  • #662,984
  • Jun 28, 2012 9:07pm Jun 28, 2012 9:07pm
Quoting Xantor
Been watching that support like a hawk today - I think it's been imprinted into my retinas :nerd:
sorry late reply was not being rude, just felled asleep, was 6am, alerts woke me for them levels, looks like i didnt miss much, very little news to promote momentum today maybe little gbp movement tonight, otherwise I thinking everyone waiting blabbermouth politicians for movement,

good time to go fishing
If you are new to Forex? Say Goodbye to your account!!
  • #662,985
  • Jun 28, 2012 9:11pm Jun 28, 2012 9:11pm
I would look to add shorts at 50ish level with a stop loss behind 74.

Same price action happening for the past 3 days now, short covering/buying in Asia, sell off Franky/London and sell in US.

Unless Europe suddenly comes to a real "union", I highly doubt we will break past 67 to challenge 74.
  • #662,986
  • Jun 28, 2012 9:19pm Jun 28, 2012 9:19pm
http://wahai.com/bothp.png
Patience Pays
  • #662,987
  • Jun 28, 2012 9:25pm Jun 28, 2012 9:25pm
3 and half hours this puppy's gonna drop like a rock Short 1.2450/60 Dip now to 1.2410

sell 2450 tp 2410 buy 2410 tp 2450 sell 2450 tp watch this space.
Founder of Sutherland Wave Principle
  • #662,988
  • Jun 28, 2012 9:43pm Jun 28, 2012 9:43pm
Buy limit at 85, SL at 65. Going to bed. TP open. Gnight.
  • #662,989
  • Jun 28, 2012 9:52pm Jun 28, 2012 9:52pm
Was that!
Founder of Sutherland Wave Principle
  • #662,990
  • Jun 28, 2012 9:53pm Jun 28, 2012 9:53pm
you guys must be talking about the sudden spike?
  • #662,991
  • Jun 28, 2012 9:54pm Jun 28, 2012 9:54pm
Just like last night's bull trap?
Time turns trend. - W.D. Gann
  • #662,992
  • Jun 28, 2012 9:56pm Jun 28, 2012 9:56pm
1.2536?
Attached Image (click to enlarge)
Click to Enlarge Name: wtf.jpg Size: 158 KB
Time turns trend. - W.D. Gann
  • #662,993
  • Jun 28, 2012 9:56pm Jun 28, 2012 9:56pm
Watch a reversal down to 1.2480.
  • #662,994
  • Jun 28, 2012 9:58pm Jun 28, 2012 9:58pm
Oh. My. God.
  • #662,995
  • Jun 28, 2012 9:58pm Jun 28, 2012 9:58pm
http://wahai.com/getready.png
Patience Pays
  • #662,996
  • Jun 28, 2012 9:59pm Jun 28, 2012 9:59pm
Banks can be recapped directly with aid funds, Euro leaders rebounce seniority on Spanish loans, according to Bloomberg.

Anyone know what this means for the euro?
  • #662,997
  • Jun 28, 2012 9:59pm Jun 28, 2012 9:59pm
what am i missing here..? Eurozone crisis resolved?
  • #662,998
  • Jun 28, 2012 10:01pm Jun 28, 2012 10:01pm
HOLy cow! and i decided to close my trade at 2510
"Trading: the hardest easy money you're going to earn." -Mark Douglas.
  • #662,999
  • Jun 28, 2012 10:02pm Jun 28, 2012 10:02pm
Bull trap who ever made money good for you close it now and wait for another candle. It will go down.
  • #663,000
  • Jun 28, 2012 10:02pm Jun 28, 2012 10:02pm
Ouch that hurt
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