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  • #663,441
  • Jun 29, 2012 9:54am Jun 29, 2012 9:54am
Quoting attila
OK... I'll try this one last time..
Pardon...did you say down! ...

I hear you bro
  • #663,442
  • Jun 29, 2012 9:56am Jun 29, 2012 9:56am
Quoting viitrader
Pardon...did you say down! ...

I hear you bro
Never said down in the last couple of days unlike most here
  • #663,443
  • Jun 29, 2012 9:56am Jun 29, 2012 9:56am
i think we're stuck in this range from 1.2750 down to 1.24 for the foreseeable future. it has turned into the new 1.30-1.34. i don't think it has earned an outlook of anything more than that one way or the other.
  • #663,444
  • Jun 29, 2012 9:57am Jun 29, 2012 9:57am
Quoting oundar
what about the traders who trading without stop loss. If i open short position over 2700, i will wait minimum 1 week to arrive my targets without stop loss.
Why would the short squeeze continue. We're up over 200 (more than that at the high). So it closes up 1000 pips just to dump Sunday or Monday? Regardless of direction strength there will always be bears. The higher it goes the more bears.

If it spikes 400 or 600 pips the less likely I would stop loss cuz that f*&ker is gonna drop like a 10 ton brick shithouse.
  • #663,445
  • Jun 29, 2012 9:58am Jun 29, 2012 9:58am
Quoting oundar
what about the traders who trading without stop loss. If i open short position over 2700, i will wait minimum 1 week to arrive my targets without stop loss.
Dear oundar,

IMHO there is no point in trading without a stop, or hedge. You don't need to gamble on what will happen in the future...

Best regards,
Pico.
  • #663,446
  • Jun 29, 2012 10:01am Jun 29, 2012 10:01am
Quoting pip_trader
Why would the short squeeze continue. We're up over 200 (more than that at the high). So it closes up 1000 pips just to dump Sunday or Monday? Regardless of direction strength there will always be bears. The higher it goes the more bears.

If it spikes 400 or 600 pips the less likely I would stop loss cuz that f*&ker is gonna drop like a 10 ton brick shithouse.
Why short squeeze? Maybe because the most part of traders are shorting...
  • #663,447
  • Jun 29, 2012 10:06am Jun 29, 2012 10:06am
For anybody hoping it's a short squeeze, just look at it and be objective. It is very structured..

It will drop of course sometime in the future, but at this point you need evidence of that on higher TFs because that's where the move is taking place.. Shorting on a red candle on m5 is gambling, but hey you do whatever you think..

One more point. I would not leave any positions opened over the weekend. Something is just not right (not this move in particular). I can't tell what it is but I'm not having a good feeling.. Something's way off... Any big news/move, if they decide so will be in a weekend.
  • #663,448
  • Jun 29, 2012 10:06am Jun 29, 2012 10:06am
In days like today, we expect the unexpected more than in normal days...

Best regards,
Pico.
  • #663,449
  • Jun 29, 2012 10:10am Jun 29, 2012 10:10am
Quoting tashkent
I guess the reason is just technical. double bottom (1H, 4H). it is not reversal yet. first has to find support where it is now and not to fall below 1.2490, then break 1.2580. otherwise i will be looking for short.
Quoting tashkent

if this current level (1.2600-1.2560) holds till London open, it will have a huge impact technically. i would be very careful with shorts.
looks like that worked so far. let's watch how will end this week...
Attached Image (click to enlarge)
Click to Enlarge Name: eu11.gif Size: 24 KB
As Above, So Below
  • #663,450
  • Jun 29, 2012 10:10am Jun 29, 2012 10:10am
Quoting pico_zeh
Instead of some profit booking, why not some short squeeze?

Best regards,
Pico.
Short squeeze has already happened if you look at the COT Report

Attached Image


The large speculators (non-commercials) are still heavily short (195,515 short contracts versus 54,449 long), but this week's changes shows that the large speculators have reduced their short positions by almost 39,000 contracts – a 20% reduction!
  • #663,451
  • Jun 29, 2012 10:12am Jun 29, 2012 10:12am
Quoting attila
For anybody hoping it's a short squeeze, just look at it and be objective. It is very structured..

It will drop of course sometime in the future, but at this point you need evidence of that on higher TFs because that's where the move is taking place.. Shorting on a red candle on m5 is gambling, but hey you do whatever you think..

One more point. I would not leave any positions opened over the weekend. Something is just not right (not this move in particular). I can't tell what it is but I'm not having a good feeling.. Something's way off......
Solid advice
  • #663,452
  • Jun 29, 2012 10:12am Jun 29, 2012 10:12am
Well afternoon all. Im officially up the creek without a paddle. -240pips and counting. 15mins after i nodded off all hell had broken loose and all i wanted was a quick 10pip short. Now im totally screwed and dont know weather 2 hang on and ride it down or pull the plug and take a damn good beating. Either way its gonna take some recovering from
  • #663,453
  • Jun 29, 2012 10:13am Jun 29, 2012 10:13am
Quoting pico_zeh
Why short squeeze? Maybe because the most part of traders are shorting...
I get that. That is not what I am saying. What I am saying is there are always going to be shorts. The bigger and longer the squeeze, the more compelling the short. How sustainable is the squeeze trend?

To say it will squeeze up to 1.5, theoretically, is inane. All I am saying is whether it is today, monday or next tuesday it will fall to some degree. if the euro is up 800 pips in 3 days how can you not short. realization will set in and the market will adjust accordingly whether up or down.
  • #663,454
  • Jun 29, 2012 10:15am Jun 29, 2012 10:15am
The short squeeze i am talking about is still to come...

Best regards,
Pico.

*Obviously it is only a hypothesis, i can be wrong.
  • #663,455
  • Jun 29, 2012 10:18am Jun 29, 2012 10:18am
Quoting pico_zeh
The short squeeze i am talking about is still to come...

Best regards,
Pico.
Not if this immaculate "mechanism" is a no go. Then it will be a long squeeze. Either way someone's getting messed up. But as history repeats itself, the EU love to build facades.
  • #663,456
  • Jun 29, 2012 10:18am Jun 29, 2012 10:18am
Quoting attila
For anybody hoping it's a short squeeze, just look at it and be objective. It is very structured..

It will drop of course sometime in the future, but at this point you need evidence of that on higher TFs because that's where the move is taking place.. Shorting on a red candle on m5 is gambling, but hey you do whatever you think..

One more point. I would not leave any positions opened over the weekend. Something is just not right (not this move in particular). I can't tell what it is but I'm not having a good feeling.. Something's way off......
http://www.forexfactory.com/showthre...10#post5802310

  • #663,457
  • Jun 29, 2012 10:18am Jun 29, 2012 10:18am
Quoting Petro1979
i think we're stuck in this range from 1.2750 down to 1.24 for the foreseeable future. it has turned into the new 1.30-1.34. i don't think it has earned an outlook of anything more than that one way or the other.
you call 350 pip range stuck?
and we will never know whether 1.24 and 1.275 will hold.
As Above, So Below
  • #663,458
  • Jun 29, 2012 10:20am Jun 29, 2012 10:20am
does the pair break 1.27 today?
  • #663,459
  • Jun 29, 2012 10:23am Jun 29, 2012 10:23am
Quoting Piters
http://www.forexfactory.com/showthre...10#post5802310

Rite. Not that I'm paranoid, but I know they're after me... It could be more than a pump and dump..
  • #663,460
  • Jun 29, 2012 10:24am Jun 29, 2012 10:24am
Quoting attila
Rite. Not that I'm paranoid, but I know they're after me... It could be more than a pump and dump..
alu hut bro. nothing else..

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