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EURUSD

  • #680,981
  • Aug 16, 2012 12:30pm Aug 16, 2012 12:30pm
Quoting -Melo-
guys please answer to me . What the big news that drove this rally
Intervention on Spain bond market. There are no official news about it that i know.
They think they are smarter than I am.
  • #680,982
  • Aug 16, 2012 12:31pm Aug 16, 2012 12:31pm
Quoting pkimnyc
Looks like you, z, and some other dude were the only ones caught this nice. LOL

I got screwed on this one too.
LOL
  • #680,983
  • Aug 16, 2012 12:33pm Aug 16, 2012 12:33pm
I guess you haven't traded long enough then. In past years I've traded FOMC and NFP which can have these moves many times.

Keep trading, you much to learn.

Cheers

Quoting Ultimate6
average daily range for past 20 days is 118 pips a day. I've seen 200 pips up and 200 pips down on one day, that is not common.
  • #680,984
  • Aug 16, 2012 12:36pm Aug 16, 2012 12:36pm
Quoting pkimnyc
Looks like you, z, and some other dude were the only ones caught this nice. LOL

I got screwed on this one too.
No dude I was watching PA on my iphone during London and fell asleep I didn't get a chance to get in but I had 2258 in my head the day before... just never acted on it. I'm saying the magnitude of the moves is pretty big and the range allows for ppl to make serious cash or lose serious cash.
  • #680,985
  • Aug 16, 2012 12:46pm Aug 16, 2012 12:46pm
Quoting -Melo-
guys please answer to me . What the big news that drove this rally
If there is no news the market invents its own news. The market wins either way. This is the market and 'we' the traders are its slave. "I must obey the market. I must obey the market. I must obey the market..."
  • #680,986
  • Aug 16, 2012 12:50pm Aug 16, 2012 12:50pm
Quoting rustyram
This PA is boring, i am planning to get out of my longs at 1.2430 area....and Take a short there for 100 Pips or so , then get long again at wave (2)

Find the chart attached for this minor move....

Closed my longs @ 1.2350 , on the sidelines...for now....
PPP - Patience Pays PIPS
  • #680,987
  • Aug 16, 2012 12:51pm Aug 16, 2012 12:51pm
Tomorrow we should expect high volatility ( Movements ups and down on a small time scale till one of them break ... )
"It's the Margin, Stupid."
  • #680,988
  • Aug 16, 2012 12:55pm Aug 16, 2012 12:55pm
Quoting Vachus
Tomorrow we should expect high volatility ( Movements ups and down on a small time scale till one of them break ... )
Thank you for all your kinds reply's and I shall await your posts for tomorrow's session .

Peace and green trades comrade ;D
  • #680,989
  • Aug 16, 2012 1:11pm Aug 16, 2012 1:11pm
Quoting Vachus
Tomorrow we should expect high volatility ( Movements ups and down on a small time scale till one of them break ... )
Of course. It's called consolidation. Happens every day. Not only tomorrow.
  • #680,990
  • Aug 16, 2012 1:12pm Aug 16, 2012 1:12pm
Fridays tend to be wild. I do not see anything serious from US though. Canada can give us more surprises. eur/usd still has slight bullish momentum on 4 hour chart, but is not able to make serious higher highs yet. I am still waiting for a reversal at 1.2385
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd slight bullish momentum.gif Size: 33 KB
  • #680,991
  • Aug 16, 2012 1:21pm Aug 16, 2012 1:21pm
hello everybody,
I'm new here and if you don't mind, please answer my question - is there a real chance to touch 1.2265 level before weekend, at least, just because of Friday or rally on Thursday? ty
  • #680,992
  • Aug 16, 2012 1:44pm Aug 16, 2012 1:44pm
I am taking a EUR short position @ 1.2356 Stop Loss at 1.2400 , Target 1.2195

Looks like we still have a room on the downside....the abc of down wave alligns with .618 retracement of the overall upmove....and the real big support is only at 1.2140 area....

Anyone thinking short ?
Attached Image (click to enlarge)
Click to Enlarge Name: EUR-4H-081612.JPG Size: 45 KB
PPP - Patience Pays PIPS
  • #680,993
  • Aug 16, 2012 1:49pm Aug 16, 2012 1:49pm
lines in congress.... A123 TICKER AONE
  • #680,994
  • Aug 16, 2012 1:57pm Aug 16, 2012 1:57pm
short from 1.2359.....
Benjamin Franklin makes the world go round...:nerd:
  • #680,995
  • Aug 16, 2012 1:59pm Aug 16, 2012 1:59pm
Quoting rustyram
I am taking a EUR short position @ 1.2356 Stop Loss at 1.2400 , Target 1.2195

Looks like we still have a room on the downside....the abc of down wave alligns with .618 retracement of the overall upmove....and the real big support is only at 1.2140 area....

Anyone thinking short ?
I'm in short too, but my target is a bit higher than yours. (with same stop loss)
Bear the bull's consequence...
  • #680,996
  • Aug 16, 2012 2:11pm Aug 16, 2012 2:11pm
Quoting ahmad_zieman
i'll wait for .2354 before any short....
waiting for Asian.
  • #680,997
  • Aug 16, 2012 2:17pm Aug 16, 2012 2:17pm
Quoting rustyram
I am taking a EUR short position @ 1.2356 Stop Loss at 1.2400 , Target 1.2195

Looks like we still have a room on the downside....the abc of down wave alligns with .618 retracement of the overall upmove....and the real big support is only at 1.2140 area....

Anyone thinking short ?
Maybe. But i'll rather wait. What do you think of the volatility. Lets see how the market reacts.
  • #680,998
  • Aug 16, 2012 2:19pm Aug 16, 2012 2:19pm
Quoting Artyom
hello everybody,
I'm new here and if you don't mind, please answer my question - is there a real chance to touch 1.2265 level before weekend, at least, just because of Friday or rally on Thursday? ty
that depends on the market. no one can give you that answere. see how price behaves during asia.
  • #680,999
  • Aug 16, 2012 2:20pm Aug 16, 2012 2:20pm
Quoting -Melo-
120 pips move is without nay reason is not normal. What is even more abnormal is that it is still moving upward, normally a rally doesn t last for a whole day, it take pause and then continue
I wouldn't say no-reason, we're close to option expiration.
  • #681,000
  • Aug 16, 2012 2:38pm Aug 16, 2012 2:38pm
lmao we really did bounce off the channel and back up to the trendline.. heres my speculative chart i made on monday, it has been accurate so far.. lets see if we get any follow through to this bull now.

and below where we are currently on H4
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU-4HR-8-13-2012(speculation).jpg Size: 219 KB
Click to Enlarge Name: EU4hr-8-16-2012(2).jpg Size: 215 KB
Be hopeful in a winning position, and fearful in a losing position.
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