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  • #665,921
  • Jul 5, 2012 7:31pm Jul 5, 2012 7:31pm
I only trade short term, and execute off the 1 minute, for short term, I am long, for maybe 20 or 30, after that, it could fall off the earth for all I know.
  • #665,922
  • Jul 5, 2012 7:38pm Jul 5, 2012 7:38pm
Quoting Trader88q
Look eur/usd was 1.25 before rate cut.
Rate cutted by 25 basis points. Then currency exchange rate must be proportinolly divaluated by 25 %.

Formula : ( 1.25 x 0.025 ) - 1.25 = 1.2187

So we got eur/usd 1.2187. I think eur must reach such level its simple mathematics.
no way.. geezzzz, that is so funny.
  • #665,923
  • Jul 5, 2012 7:58pm Jul 5, 2012 7:58pm
Quoting chiwi
who would suggest going short?
expectation is much better than previous so good for USD.

i dont believe that sentiment is already factored in. just look at the movement yesterday after ECB announces rate cut...

sentiment is generally factored in to some extent depending on what expectations are. everyone is always guessing price and placing orders depending on their own faith in the future directions. Meaning things are always somewhat priced in
Money never sleeps...
  • #665,924
  • Jul 5, 2012 8:16pm Jul 5, 2012 8:16pm
Quoting Trader88q
Look eur/usd was 1.25 before rate cut.
Rate cutted by 25 basis points. Then currency exchange rate must be proportinolly divaluated by 25 %.

Formula : ( 1.25 x 0.025 ) - 1.25 = 1.2187

So we got eur/usd 1.2187. I think eur must reach such level its simple mathematics.
haha any calculation that is say this piece of crap is go down is ok by me haha

I dont have 2187 but I do have 2131 this is the all time mid or average price she ever been, everyone who follow ma,s will understand the magnetic power of mids, however there are some important lows to get through first, each one should be treated with respect, I only looking at historical weekly and daily lows though

soooooo a new weekly low will have taken out this mid 2131 and targeting 1643 next stop

hahahahah this all pie in sky, but has been my plan for quite awhile, ever since 5061 rejection, until proven otherwise i selling her
If you are new to Forex? Say Goodbye to your account!!
  • #665,925
  • Jul 5, 2012 8:24pm Jul 5, 2012 8:24pm
i'd be looking for a bottom formation personally. i could be wrong.
  • #665,926
  • Jul 5, 2012 8:30pm Jul 5, 2012 8:30pm
Quoting pkimnyc
i'd be looking for a bottom formation personally. i could be wrong.
maybe this is the bottom you are talking about

but maybe it will fall further... who knows...

https://lh5.googleusercontent.com/-e...y%25202012.jpg
  • #665,927
  • Jul 5, 2012 8:31pm Jul 5, 2012 8:31pm
Quoting uncleti88
maybe this is the bottom you are talking about

but maybe it will fall further... who knows...

https://lh5.googleusercontent.com/-e...y%25202012.jpg
not yet. after nfp.
  • #665,928
  • Jul 5, 2012 8:49pm Jul 5, 2012 8:49pm
Quoting Trader88q
Look eur/usd was 1.25 before rate cut.
Rate cutted by 25 basis points. Then currency exchange rate must be proportinolly divaluated by 25 %.

Formula : ( 1.25 x 0.025 ) - 1.25 = 1.2187

So we got eur/usd 1.2187. I think eur must reach such level its simple mathematics.
you must be making billions if it is so easy?
As Above, So Below
  • #665,929
  • Jul 5, 2012 8:53pm Jul 5, 2012 8:53pm
Quoting uncleti88
maybe this is the bottom you are talking about

but maybe it will fall further... who knows...
hmmm... so... is this the bottom?
or will it fall further?
did you decide on smth? if not what was the point of saying it is either bottom or not?
exceptionally educational post, thanks.
As Above, So Below
  • #665,930
  • Jul 5, 2012 9:00pm Jul 5, 2012 9:00pm
Quoting Chicky
I think this shit is set to go down. Betting on south. May bounce some from here, but not trading bounces. Let's see if we see a level below 1.2000
chicky, you are one of the most sound thinking people around here, good point!
As Above, So Below
  • #665,931
  • Jul 5, 2012 9:03pm Jul 5, 2012 9:03pm
Quoting TrevorM
We should see more retracement for the rest of the day (3 hours)
did you see any retracement for the rest of the day (3 hours)?
As Above, So Below
  • #665,932
  • Jul 5, 2012 9:11pm Jul 5, 2012 9:11pm
Quoting pkimnyc
i'd be looking for a bottom formation personally. i could be wrong.
nope you not wrong, many will be looking for bottom,, (sticky finger) but as correctly you said looking for a bottom formation huge difference between smeely finger and patience
If you are new to Forex? Say Goodbye to your account!!
  • #665,933
  • Jul 5, 2012 9:12pm Jul 5, 2012 9:12pm
Quoting tashkent
did you see any retracement for the rest of the day (3 hours)?
4 pips, lol
  • #665,934
  • Jul 5, 2012 9:17pm Jul 5, 2012 9:17pm
daily close is really pathetic for eur/usd.

initial 1.2408-1.2450 long into 1.2690 apparently looks most had already been taken out already.

Daily closed under 1.2400 from sell stop from 1.2400 into 1.2365.

Looks really bad for eur/usd. 1.2432 looks like a good level to sell, if supporting the bear.

eyeing 1.2280 or 1.2220 at least.

However, i am not bearish bias as its a friday and nfp + unemployment, i will look for a better entry if really cross 1.2370 and below. selling here is your own risk your own judgement and money. although daily looks like supporting a selling here.
  • #665,935
  • Jul 5, 2012 9:17pm Jul 5, 2012 9:17pm
Quoting tashkent
you must be making billions if it is so easy?
Obviously not that easy cause the dude can't even due simple math.

I'm not going to even get into the subject of his faulty logic, but devaluing something (in this case the Euro) by 25% would look more like this:

(Current price) - (Current price*0.25) = new price

Plugging in we'd get:

1.2500 - 0.3125 = 0.9375

Basically, don't listen to a moron that can't do a simple math problem.
check out my blog: forexmademillionaire dot com
  • #665,936
  • Jul 5, 2012 9:18pm Jul 5, 2012 9:18pm
Quoting KiwiTrada
nope you not wrong, many will be looking for bottom,, (sticky finger) but as correctly you said looking for a bottom formation huge difference between smeely finger and patience
let's see. no need to rush. there are other entry points in case miss it. if not then back to shorts.
  • #665,937
  • Jul 5, 2012 9:19pm Jul 5, 2012 9:19pm
Quoting pkimnyc
i'd be looking for a bottom formation personally. i could be wrong.
not yet, pk... not yet
check out my blog: forexmademillionaire dot com
  • #665,938
  • Jul 5, 2012 9:22pm Jul 5, 2012 9:22pm
Quoting Geppy
Obviously not that easy cause the dude can't even due simple math.

I'm not going to even get into the subject of his faulty logic, but devaluing something (in this case the Euro) by 25% would look more like this:

(Current price) - (Current price*0.25) = new price

Plugging in we'd get:

1.2500 - 0.3125 = 0.9375

Basically, don't listen to a moron that can't do a simple math problem.

not that i agree with his logic but 0.25% rate change (in his equation) would give 1.25 x 0.025
Money never sleeps...
  • #665,939
  • Jul 5, 2012 9:22pm Jul 5, 2012 9:22pm
This place is going to be fun tomorrow...
Do your time and enjoy the ride...
  • #665,940
  • Jul 5, 2012 9:23pm Jul 5, 2012 9:23pm
Quoting Geppy
not yet, pk... not yet
after the news. if my chart agrees, i'm taking it. most likely i'll miss it, then next week. if continues south, then it's easy.
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