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  • #668,541
  • Jul 16, 2012 6:24am Jul 16, 2012 6:24am
Quoting KillerWhale
Probably not, we had tweezer double bottom on the daily last week, I would really be surprised to see a new low this week.
But if it comes really close to the lows it might be an opportunity to buy.
With tight stops.
Quoting mayureshete
thats looks unlikely for atleast few hrs.


Ok then I'll need to wait an see for it and lower my sl
  • #668,542
  • Jul 16, 2012 6:26am Jul 16, 2012 6:26am
Quoting Itrade24h
Hey guys, do you think 1.24 is a number that we just can see in our dreams or we have a real chance?
Its always a matter of time-frame. We will even see 1.45 but not in coming weeks. Can take months in optimism. Over a year is more likely. So its really a time-frame issue. For now just think of how your margin levels can look prettier than they did yesterday.....based on the current trend.
  • #668,543
  • Jul 16, 2012 6:29am Jul 16, 2012 6:29am
Quoting Mr.MaginCole
Its always a matter of time-frame. We will even see 1.45 but not in coming weeks. Can take months in optimism. Over a year is more likely. So its really a time-frame issue. For now just think of how your margin levels can look prettier than they did yesterday.....based on the current trend.
Magic Ben speaks Tom and Wednesday!!!!!! We can see 1.24 by the end of Wednesday if you ask me....
  • #668,544
  • Jul 16, 2012 6:32am Jul 16, 2012 6:32am
Quoting Itrade24h
Hey guys, do you think 1.24 is a number that we just can see in our dreams or we have a real chance?
If we get there, it would be a very nice opportunity to sell.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #668,545
  • Jul 16, 2012 6:33am Jul 16, 2012 6:33am
Quoting titi14
Magic Ben speaks Tom and Wednesday!!!!!! We can see 1.24 by the end of Wednesday if you ask me....
1.24? That's really optimistic, but hey its FOREX anything can happen.
"Trading: the hardest easy money you're going to earn." -Mark Douglas.
  • #668,546
  • Jul 16, 2012 6:34am Jul 16, 2012 6:34am
opinions?
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IT'S ALL ,,,, Only money in the bank count
  • #668,547
  • Jul 16, 2012 6:35am Jul 16, 2012 6:35am
This is not a place where I want to sell.
I'll wait and see
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  • #668,548
  • Jul 16, 2012 6:37am Jul 16, 2012 6:37am
I know everyone is waiting for 1.18 or 1.16 but in low volume summer trading we might not get there in weeks to come.
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  • #668,549
  • Jul 16, 2012 6:38am Jul 16, 2012 6:38am
Quoting titi14
Magic Ben speaks Tom and Wednesday!!!!!! We can see 1.24 by the end of Wednesday if you ask me....
Magic Ben is being trotted out to reassure markets. Could be some movement, though I doubt we will see much action. The monetarists have run out of ammo.
"The market can remain irrational longer than you can remain solvent"
  • #668,550
  • Jul 16, 2012 6:42am Jul 16, 2012 6:42am
Quoting anton.olff
Magic Ben is being trotted out to reassure markets. Could be some movement, though I doubt we will see much action. The monetarists have run out of ammo.
agreed my friend... just looked at some past charts whenever mr bernanke spoke... he has an average of 110 pips during his speaches
  • #668,551
  • Jul 16, 2012 6:44am Jul 16, 2012 6:44am
Will be a great surprise for a lot of traders if we fall like a rock from here to 1.18 without a correction...just my opinion
  • #668,552
  • Edited 6:47am Jul 16, 2012 6:45am | Edited 6:47am
Quoting Dayboy001
On side lines, but i'd be buying here with small SL EUR/USD & GBP/USD

edit current prices are

1.21846

1.55255
close to 1pm (my finish)

would close now

1.21979 + 13.3

1.55473 + 21.8

+ 35.1

would have been +71.9 Pips for day (35.1 not traded)
  • #668,553
  • Jul 16, 2012 6:46am Jul 16, 2012 6:46am
Quoting MaxDoom
So my trade plan for the day is to buy dips and becomes invalid if we take out the low of 1.216x
long from 2189 - stop in the obvious place
  • #668,554
  • Jul 16, 2012 6:50am Jul 16, 2012 6:50am
I cannot see very much opportunities for me. I think I am going to do something else.

I wish you all many pips....
"Men who can both be right and sit tight are uncommon."
  • #668,555
  • Jul 16, 2012 6:51am Jul 16, 2012 6:51am
Well, i think (and seems) that selling euro is not good right now. Bullish divergence on 30 min tf. And 1H will do the same. I'm long at 1.2191 with target at 1.2220 (my pivot here) and stoploss at the low 1.2179.
Work smarter,not harder
  • #668,556
  • Jul 16, 2012 7:01am Jul 16, 2012 7:01am
Quoting Itrade24h
Will be a great surprise for a lot of traders if we fall like a rock from here to 1.18 without a correction...just my opinion
Any reason you think this will happen?

Of course it could happen, but likely? NO
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  • #668,557
  • Jul 16, 2012 7:09am Jul 16, 2012 7:09am
Down a little more before going back up?
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Time turns trend. - W.D. Gann
  • #668,558
  • Jul 16, 2012 7:09am Jul 16, 2012 7:09am
Quoting KillerWhale
This is not a place where I want to sell.
I'll wait and see
Quoting KillerWhale
If we get there, it would be a very nice opportunity to sell.
Absolutelly Agree 100%

Found Bearish Engulfing Pattern in H1 Time Frime & Dark Cloud Pattern in H4 Time Frime.
He will Re-test again H4 Support @ Price 1.2162
Always looking the GREAT, never left GOOD Point...
  • #668,559
  • Jul 16, 2012 7:13am Jul 16, 2012 7:13am
Quoting Tsar
Absolutelly Agree 100%

Found Bearish Engulfing Pattern in H1 Time Frime & Dark Cloud Pattern in H4 Time Frime.
He will Re-test again H4 Support @ Price 1.2162
A little gamble here, I bought gold @ 1581.22
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  • #668,560
  • Jul 16, 2012 7:17am Jul 16, 2012 7:17am
People "in their mind " after fridays's move strongly feel the price will move up and loose in buy trades.

Guys, just trade what is happening in chart.
Intraday only.
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