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  • #665,301
  • Jul 5, 2012 1:11am Jul 5, 2012 1:11am
In the event of a rate cut, I would prefer having my bets on Gold and the AUD.

Or at least bet the EUR against another risk currency. Rate cuts increases inflation and devalues a currency just like QE.

This causes people to put their assets into risk assets/higher returns so as to hedge against inflation.

I don't see why a weaker EUR would be a bull scenario even if it does say that the ECB is willing to take action.

Haven't they already been taking action where necessary?
  • #665,302
  • Jul 5, 2012 1:12am Jul 5, 2012 1:12am
Little change to outlook yesterday went exactly as stated in the morning a push to 1.255x then 1.250x.

Daily:
Still in correction 1.328x to 1.228x (invalid once broken)
On possible wave C of simple ABC correction target cluster is 1.283x to 1.295x. Intermediate targets 1.269x, 1.274x, 1.278x
Strong confirmation if we take the recent high @ 1.269x.
Wave C assumption invalid if we breach 1.240x
Hourly:
In probable wave C of correction of move up 1.240x to 1.269x (invalid once broken)
Already achieved more than 61.8% and lifted straight off the primary target of 1.250x yesterday when hit.

Summary: expect run to test 1.269x with risk of a further dip diminishing.
Approach: buy dips or a break of 1.255x

already long
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  • #665,303
  • Jul 5, 2012 1:14am Jul 5, 2012 1:14am
Quoting shmandi
is that a fact or opinion?
Take a look at the chart I posted it is all technical analysis.
  • #665,304
  • Jul 5, 2012 1:19am Jul 5, 2012 1:19am
Quoting KillerWhale
Is this based on anything? Probably not!
If you don't care to explain or post a charts that supports it, then why do you make such a foolish statement?
in asian session usually they buy euro from 2530 to 2560. today they dont. think why.
if i need to explain then please explain who told you that rate cut is already fully priced in and why they think so?

and if u want read my last week post. u will see how many green pips u could make from it.
after summit there were many traders under euforia who buy at 2670. where are they now?
i told to sell from 2690. i closed it at 2550.

you got 30 min to reconsider your position. i am more bearish till ECB meeting.
  • #665,305
  • Jul 5, 2012 1:27am Jul 5, 2012 1:27am
just opened 2 new short positions at 12534, who is short today as well, any TP?

good luck to you all.
  • #665,306
  • Jul 5, 2012 1:30am Jul 5, 2012 1:30am
Quoting Trader8888
just opened 2 new short positions at 12534, who is short today as well, any TP?

good luck to you all.
Why go short when there is a clear sign that it will go further up?
  • #665,307
  • Jul 5, 2012 1:32am Jul 5, 2012 1:32am
I recommend watch ForexPeaceArmy | Sive Morten EURUSD Daily video from either Youtube or forexpeacearmy.com. It's really an useful resource for Forex traders.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #665,308
  • Jul 5, 2012 1:35am Jul 5, 2012 1:35am
I am with you MaxDoom.
Good luck.
  • #665,309
  • Jul 5, 2012 1:36am Jul 5, 2012 1:36am
Quoting Trader8888
just opened 2 new short positions at 12534, who is short today as well, any TP?

good luck to you all.

For the moment 1.2482. It will be reached for sure if the cross go under 1.2520 (see h4 chart)
  • #665,310
  • Jul 5, 2012 1:39am Jul 5, 2012 1:39am
Quoting KiNgEdwarD
PM you
For your convenience
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New voice message: Why are you calling me? If I need you, I'll call you!
  • #665,311
  • Jul 5, 2012 1:44am Jul 5, 2012 1:44am
Risk-off for me today. leaving EURUSD cause I have some short positions on EURJPY and GBPJPY,I want to sell more, I see that D1 is exhausted and H1 gives me another sell signal. Stops at yesterdays high. So I close my eyes and I am dreaming about a falling knife.
Good Luck
"Study the past if you would define the future." Confucius
  • #665,312
  • Jul 5, 2012 1:47am Jul 5, 2012 1:47am
Quoting Trader88q
in asian session usually they buy euro from 2530 to 2560. today they dont. think why.
if i need to explain then please explain who told you that rate cut is already fully priced in and why they think so?

and if u want read my last week post. u will see how many green pips u could make from it.
after summit there were many traders under euforia who buy at 2670. where are they now?
i told to sell from 2690. i closed it at 2550.

you got 30 min to reconsider your position. i am more bearish till ECB meeting.
I'm just stating that posts like you make are completely useless for everyone you maybe you post them to pet yourself on the back?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #665,313
  • Jul 5, 2012 1:50am Jul 5, 2012 1:50am
Quoting KillerWhale
For your convenience
where to set sl ?
Sometimes it's better to be wrong,to learn..
  • #665,314
  • Jul 5, 2012 1:51am Jul 5, 2012 1:51am
http://www.bloomberg.com/quote/GSPG10YR:IND/chart

+1,05%!!!
"Study the past if you would define the future." Confucius
  • #665,315
  • Jul 5, 2012 1:51am Jul 5, 2012 1:51am
Quoting koliva
I am with you MaxDoom.
Good luck.

  • #665,316
  • Jul 5, 2012 1:55am Jul 5, 2012 1:55am
Quoting MaxDoom
what is ur strategy based on? if its not a secret
  • #665,317
  • Jul 5, 2012 1:56am Jul 5, 2012 1:56am
Looks bullish (5M)
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #665,318
  • Jul 5, 2012 2:01am Jul 5, 2012 2:01am
triangle
Attached Image
  • #665,319
  • Jul 5, 2012 2:05am Jul 5, 2012 2:05am
Quoting KiNgEdwarD
where to set sl ?
I would wait till after ECB rate cut
New voice message: Why are you calling me? If I need you, I'll call you!
  • #665,320
  • Jul 5, 2012 2:05am Jul 5, 2012 2:05am
I think we must go for 1.2477 and from this level may be we will see up trend til 1.2830. But what make me not sure for any up trend . the moving average 200 on 4h has been broken.
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