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  • #675,201
  • Aug 3, 2012 10:56am Aug 3, 2012 10:56am
Quoting Vachus
This is what make it a one hell of Dillamma. Mario yesterday said that Cheaper Euro will help the EU to recover from this crisis. But at the same conference he says , don't short the Eu , it will reach 1.30 ! i really wonder did he mean that Cheap euro is around 1.30 ?

Really wondering
Draghi isn't doing anything, remember the ECB not currently doing anything and the EFSF don't have enough money to buy bonds yet, hence the leverage.

Right now its just banks buying bonds in expectation of EFSF purchases later on, plus a lot of people are probably short from the Draghi disappointment yesterday, so it lead to a lot of short coverings.
  • #675,202
  • Aug 3, 2012 10:57am Aug 3, 2012 10:57am
another 200+ pip day
Mohan
  • #675,203
  • Aug 3, 2012 10:58am Aug 3, 2012 10:58am
Quoting mohan76
another 200+ pip day
200pip on no news; that market is a pure non-sense
  • #675,204
  • Aug 3, 2012 10:59am Aug 3, 2012 10:59am
Quoting divak
200pip on no news; that market is a pure non-sense
What would you call the NFP? It appears you have been on the losing side of the spike. Yet don't feel to bad. Your more then likely on baby leverage and equity. So your stop loss of 3000 points is safe.
  • #675,205
  • Aug 3, 2012 10:59am Aug 3, 2012 10:59am
Quoting Iro
Draghi isn't doing anything, remember the ECB not currently doing anything and the EFSF don't have enough money to buy bonds yet, hence the leverage.

Right now its just banks buying bonds in expectation of EFSF purchases later on, plus a lot of people are probably short from the Draghi disappointment yesterday, so it lead to a lot of short coverings.

I think you have the right idea. There is no compelling news at the moment - just a kind of vacuousness. Just right to lull a bunch of traders without a better idea into going short, and staying that way till they get stopped or margined.

And besides: ITS FRIDAY!!!!!
  • #675,206
  • Aug 3, 2012 11:00am Aug 3, 2012 11:00am
Quoting divak
200pip on no news; that market is a pure non-sense
Doesn't matter, it is tradable.
  • #675,207
  • Aug 3, 2012 11:01am Aug 3, 2012 11:01am
Are we going for short now guys?? anyone??
You are a Fun-Loving Trader (I do better when i have fun)
  • #675,208
  • Aug 3, 2012 11:02am Aug 3, 2012 11:02am
Quoting almo
LOL


I really wouldn't classify most of them as wannebee's though. Lots of great traders on this board, they just got caught on the wrong side of the trend this time

Sooner or later, it will happen to us.


Edit ** In fact, I was there 24 hrs ago **
Good to hear. Best trading is done from london to 11am US session. Caught yesterdays fall, and I got a good percentage of EUR, NZD/USD and EUR/AUD upside.
  • #675,209
  • Aug 3, 2012 11:02am Aug 3, 2012 11:02am
I must be on a newbie roll. I called 1.23570 then 1.23890..... I drew these S/R levels like 4 weeks ago. Too bad, I am not in a trade right now.

Luck has no place in trading. Leave that for the poker table.
  • #675,210
  • Aug 3, 2012 11:03am Aug 3, 2012 11:03am
okay, and please finish the day with a spike to 1.2420...
still bear, but guys if I write here that I believe this shit and I want to change my bias, then pls short EURUSD with everything you got
"Study the past if you would define the future." Confucius
  • #675,211
  • Aug 3, 2012 11:04am Aug 3, 2012 11:04am
Quoting pip_trader
Good to hear. Best trading is done from london to 11am US session. Caught yesterdays fall, and I got a good percentage of EUR, NZD/USD and EUR/AUD upside.
I agree on the times...although I would probably add the start of the London session as a great time as well.


Excellent trades Pip_trader. Unfortuantely for me, I was stuck in my longs on the EUR, but I knew this day was coming.
  • #675,212
  • Aug 3, 2012 11:04am Aug 3, 2012 11:04am
Quoting BinaryRocks
What would you call the NFP? It appears you have been on the losing side of the spike. Yet don't feel to bad. Your more then likely on baby leverage and equity. So your stop loss of 3000 points is safe.
no no, im on the winning side, i just dont get why...
  • #675,213
  • Aug 3, 2012 11:06am Aug 3, 2012 11:06am
Quoting tuakblues
Are we going for short now guys?? anyone??
I'm with you baby, I'm short 1.239
  • #675,214
  • Aug 3, 2012 11:07am Aug 3, 2012 11:07am
What a VERY GOOD day for me.. very lucky!! now i think time for Short!!

Gain 1,565.4% profit today.
You are a Fun-Loving Trader (I do better when i have fun)
  • #675,215
  • Aug 3, 2012 11:08am Aug 3, 2012 11:08am
Goat's gone, but would the goat have overlooked that position?

Quoting MaxDoom
goats gone - this is the real Max my dog
  • #675,216
  • Aug 3, 2012 11:10am Aug 3, 2012 11:10am
Looks like this is going to 1.264x on D1 timeframe. Next week will be itresting too.
  • #675,217
  • Aug 3, 2012 11:10am Aug 3, 2012 11:10am
Boys, surely, none of you professional trader, next week is really great surprise!! Follow EURUSD to reach >1.3500 !!!!!!!! I am even selling my strategies for that period.
  • #675,218
  • Aug 3, 2012 11:12am Aug 3, 2012 11:12am
Quoting rustamm1979
Boys, surely, none of you professional trader, next week is really great surprise!! Follow EURUSD to reach >1.3500 !!!!!!!! I am even selling my strategies for that period.
Must be the wrong forum... we're not in the forecasting business here.
  • #675,219
  • Aug 3, 2012 11:12am Aug 3, 2012 11:12am
Quoting tuakblues
What a VERY GOOD day for me.. very lucky!! now i think time for Short!!

Gain 1,565.4% profit today.

It it was me, I wouldn't short yet. It is still pole dancing around S/R 1.23890. I would think you need it to break below that and then break below 1.23627, followed by a retrace then a drop below 1.23627...but I am a newbie... so what do I know? Am I wrong? :nerd:
Luck has no place in trading. Leave that for the poker table.
  • #675,220
  • Aug 3, 2012 11:13am Aug 3, 2012 11:13am
Quoting mohan76
another 200+ pip day

excellent news my friend

the goat might have to make a come back people seem upset by the departure
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