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  • #15,221
  • Jun 29, 2012 5:02am Jun 29, 2012 5:02am
Quoting T@rantula


Scalping

yup.. i think scalping is the best way lately in these markets... that long yesterday was right but didn't expect it to shoot so high... and also threw me off that it lingered below 2417 for a bit...

major trend still down - but as said before 2756 not out of the question
  • #15,222
  • Jun 29, 2012 6:49am Jun 29, 2012 6:49am
This looks like profit taking...
  • #15,223
  • Jun 29, 2012 6:53am Jun 29, 2012 6:53am
Hi T, what are you referring to?
Quoting T@rantula
This looks like profit taking...
  • #15,224
  • Jun 29, 2012 6:56am Jun 29, 2012 6:56am
Quoting BrunargarFx
Hi T, what are you referring to?
Well if this drops fast to 2550 we will see more down
  • #15,225
  • Jun 29, 2012 7:05am Jun 29, 2012 7:05am
Quoting T@rantula
Well if this drops fast to 2550 we will see more down
2570-50 not broken, so no profit taking yet. Its buy the dips.
  • #15,226
  • Jun 29, 2012 7:13am Jun 29, 2012 7:13am
mmmh,
I bought@ 1.2565 and closed @ 1.2594

I'm considering a short now but hesitating: the market hasn't moved since this morning, we are way above the ADR and this does not look like an area for distribution but rather a consolidation one.

I am stil short biaised. I don't see the reason behind that move up given that all they are offering is more debt to solve the debt problem....


Quoting T@rantula
2570-50 not broken, so no profit taking yet. Its buy the dips.
  • #15,227
  • Jun 29, 2012 7:15am Jun 29, 2012 7:15am
If it goes further up, that will be without me.

Besides, aren't they supposed to revisit the interest rate soon?

A rate cut would bring euro down.

Quoting BrunargarFx
mmmh,
I bought@ 1.2565 and closed @ 1.2594

I'm considering a short now but hesitating: the market hasn't moved since this morning, we are way above the ADR and this does not look like an area for distribution but rather a consolidation one.

I am stil short biaised. I don't see the reason behind that move up given that all they are offering is more debt to solve the debt problem....
  • #15,228
  • Jun 29, 2012 7:34am Jun 29, 2012 7:34am
Quoting BrunargarFx
If it goes further up, that will be without me.

Besides, aren't they supposed to revisit the interest rate soon?

A rate cut would bring euro down.

Its buy the dips, I saw it the moment price stalled @ 70 and jumped up. Look at the time the price went UP.

its 13:15 GMT+1 ( current London time) and its 12:00 GMT. The profit taking on Friday usually starts around London noon.

It might b the shorts are closing their positions and profit taking is taking place and covering also.

2710 looks like a next target if 2660 fails.
  • #15,229
  • Jun 29, 2012 7:42am Jun 29, 2012 7:42am
Quoting T@rantula
Its buy the dips, I saw it the moment price stalled @ 70 and jumped up. Look at the time the price went UP.

its 13:15 GMT+1 ( current London time) and its 12:00 GMT. The profit taking on Friday usually starts around London noon.

It might b the shorts are closing their positions and profit taking is taking place and covering also.

2710 looks like a next target if 2660 fails.
Again fast 30 pips.

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  • #15,230
  • Jun 29, 2012 7:45am Jun 29, 2012 7:45am
Well done T.

2660 broken

This move certainly seems to have some leg now


Quoting T@rantula
Its buy the dips, I saw it the moment price stalled @ 70 and jumped up. Look at the time the price went UP.

its 13:15 GMT+1 ( current London time) and its 12:00 GMT. The profit taking on Friday usually starts around London noon.

It might b the shorts are closing their positions and profit taking is taking place and covering also.

2710 looks like a next target if 2660 fails.
  • #15,231
  • Jun 29, 2012 7:51am Jun 29, 2012 7:51am
Quoting BrunargarFx
Well done T.

2660 broken

This move certainly seems to have some leg now
Thanx mate.

1. EU summit statement ( The very main driver of the move)
2. Profit taking
3. Impulse buying
4. Short covering
  • #15,232
  • Jun 29, 2012 7:57am Jun 29, 2012 7:57am
You will have a very few days as today in the Forex trading.......
  • #15,233
  • Jun 29, 2012 7:59am Jun 29, 2012 7:59am
Quoting Munal
You will have a very few days as today in the Forex trading.......
Indeed. The days like this are very rare.
  • #15,234
  • Jun 29, 2012 8:12am Jun 29, 2012 8:12am
Aussie Daily
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  • #15,235
  • Jun 29, 2012 8:16am Jun 29, 2012 8:16am
Quoting Munal
Aussie Daily
2370 also intraday resistance. If it breaks above go for BPC. Dont exaggerate as it has fully overshot its ATR.
  • #15,236
  • Jun 29, 2012 8:32am Jun 29, 2012 8:32am
hi.

back on work... gee i shorted cause of the huge rise in asia and came back to see the sl hit...

im not good at those kind of days
but mm was in place so no bad..

ohh cant wait to go home again next month... its really hard to be apart from everybody from home...

T still no holiday Forex addiction heheh
  • #15,237
  • Jun 29, 2012 9:17am Jun 29, 2012 9:17am
Quoting Vladimir1987
hi.

back on work... gee i shorted cause of the huge rise in asia and came back to see the sl hit...

im not good at those kind of days
but mm was in place so no bad..

ohh cant wait to go home again next month... its really hard to be apart from everybody from home...

T still no holiday Forex addiction heheh
Still - no holiday. Ill be working 1 more month then ill b relaxing
  • #15,238
  • Jun 29, 2012 9:20am Jun 29, 2012 9:20am
On the Spider's Den anniversary I will be releasing 1 more trading system explaining how u can make pips with it.

Its pretty straightforward, it uses market momentum and u can make good pips with it.
  • #15,239
  • Jun 29, 2012 12:44pm Jun 29, 2012 12:44pm
Quoting T@rantula
On the Spider's Den anniversary I will be releasing 1 more trading system explaining how u can make pips with it.

Its pretty straightforward, it uses market momentum and u can make good pips with it.
Am looking forward to it. Am a big fan of this thread!
I dont post much since I started pulling back to learn the trade in peace but this is the place I take most seriously here.
  • #15,240
  • Jun 29, 2012 6:49pm Jun 29, 2012 6:49pm
Quoting hfcgII
Am looking forward to it. Am a big fan of this thread!
I dont post much since I started pulling back to learn the trade in peace but this is the place I take most seriously here.
And you WILL learn. Many good traders reside here and we are all serious about the business.
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