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  • #664,261
  • Jul 3, 2012 2:10am Jul 3, 2012 2:10am
Quoting hlina9
GM to all, lets see if it can hold 12
I have next 34 but hmm wish to see one long candle to that price ... not sure about that...2593 shoul hold
Ok we got the steam to it right now
  • #664,262
  • Jul 3, 2012 2:15am Jul 3, 2012 2:15am
Quoting Crassius
My only caveat is that that I don't think 1.2600 or even the weekly pivot slightly lower is a equilibrium point for the market to oscillate around ahead of the ECB decision....

I think a neutral point would be 1.2500... and that's a 100 pips away from where we are now... but perhaps I am just too bearish...
If I look on the fundamentals then I am bearish too, but nowadays I dont search logic in forex, just trading PA. I have some conspiracy theory like Eu should devalue(approx. 1.0000) his currency to save the PIIGS and we will see this in the next 1-2 year, but now I cant think with the bigboys heads and I can see this on my account
Btw yes, you are a bit too bearish
"Study the past if you would define the future." Confucius
  • #664,263
  • Jul 3, 2012 2:38am Jul 3, 2012 2:38am
Spanish Fin Min says a handful of contries CAN NOT block bond buys by ESM... Contradicts Finlands contention yesterday that unanimous agreement of all 17 EU contries neeeded for ESM bond buys--- and it would block
  • #664,264
  • Jul 3, 2012 2:40am Jul 3, 2012 2:40am
Gmorning fellow traders - hope you all had a good night

Looking at EURUSD this morning I'm feeling bearish. There's a nice downward channel 1HR chart.

Also looking at the price movement between London Close - Open had a slight increase and then this morning it started falling again right after Frankfurt.

Wish you all greens today
  • #664,265
  • Jul 3, 2012 2:43am Jul 3, 2012 2:43am
What happend to Eur/Usd, why suddenly bearish?
  • #664,266
  • Jul 3, 2012 2:47am Jul 3, 2012 2:47am
http://www.bloomberg.com/quote/GSPG10YR:IND/chart

-0,75%, I opened a long from 1.2586 with a tight stop.
"Study the past if you would define the future." Confucius
  • #664,267
  • Jul 3, 2012 2:47am Jul 3, 2012 2:47am
Quoting Sarvegus
What happend to Eur/Usd, why suddenly bearish?
Not sudden at all, been that way since late August, 2011.
check out my blog: forexmademillionaire dot com
  • #664,268
  • Edited 2:52am Jul 3, 2012 2:50am | Edited 2:52am
Spanish Fin Min goes on to paint rosey scenario of Spanish Bank Recap and formation of a "bad bank" -- says recap funds in a matter of weeks --

reflected in falling Spanish Ten Year yields and supportive of EURUSD.... for now

He is hardly going to come out and say negative things -- take with a grain of salt --
  • #664,269
  • Jul 3, 2012 2:53am Jul 3, 2012 2:53am
Quoting Sarvegus
What happend to Eur/Usd, why suddenly bearish?
visit my journal and read my second last post
  • #664,270
  • Jul 3, 2012 2:54am Jul 3, 2012 2:54am
Quoting Sarvegus
What happend to Eur/Usd, why suddenly bearish?
Technical move off 30m 100SMA/central pivot - it'll go up again.
  • #664,271
  • Edited 2:56am Jul 3, 2012 2:54am | Edited 2:56am
Italy's Monti is also due at the microphone soon -- he will most likely also paint a rosey picture and sing the praises of the 19th and counting Euro Summit -- all to talk down his bond yields -- also to be taken with a grain of salt
  • #664,272
  • Jul 3, 2012 2:55am Jul 3, 2012 2:55am
Quoting Sarvegus
What happend to Eur/Usd, why suddenly bearish?
It's been bearish for quite some time. The bailouts only created a momentary jump. When you have a certain trend in economy it could last for a very long period. Think of it in terms of how long will it take for a country to start recovering economically. Until then sentiment in the specific currency will remain in a certain trend. You might get zigzags but you need to remember that recovery takes time.

In terms of day trading I feel that stronger down movements are expected.
  • #664,273
  • Jul 3, 2012 2:57am Jul 3, 2012 2:57am
Quoting cat
Technical move off 30m 100SMA/central pivot - it'll go up again.
Not until after you blow another account though
check out my blog: forexmademillionaire dot com
  • #664,274
  • Jul 3, 2012 2:58am Jul 3, 2012 2:58am
Quoting Geppy
Not sudden at all, been that way since late August, 2011.
Hi Geppy,

Could you please share your opinion for today and coming days?
  • #664,275
  • Jul 3, 2012 2:59am Jul 3, 2012 2:59am
Quoting koliva
Hi Geppy,

Could you please share your opinion for today and coming days?
If it's not evident from what I've already written, I can't help you much.
check out my blog: forexmademillionaire dot com
  • #664,276
  • Jul 3, 2012 3:01am Jul 3, 2012 3:01am
Quoting Geppy
Not until after you blow another account though
Short term player me - I'll take a signal long or short no matter how many pips might be in it, I've long since given up trying to hit home runs in these market conditons
  • #664,277
  • Jul 3, 2012 3:02am Jul 3, 2012 3:02am
Bears are finish?
  • #664,278
  • Jul 3, 2012 3:02am Jul 3, 2012 3:02am
Quoting cat
Short term player me - I'll take a signal long or short no matter how many pips might be in it, I've long since given up trying to hit home runs in these market conditons
Oh well, you can call me BABE-MUTHA-FAKIN-RUTH!!
check out my blog: forexmademillionaire dot com
  • #664,279
  • Jul 3, 2012 3:03am Jul 3, 2012 3:03am
Quoting hlina9
Bears are finish?
definitely, start buying all you can hold!
check out my blog: forexmademillionaire dot com
  • #664,280
  • Jul 3, 2012 3:08am Jul 3, 2012 3:08am
Quoting Geppy
definitely, start buying all you can hold!
holding a lot already
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