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  • #688,681
  • Sep 6, 2012 7:08am Sep 6, 2012 7:08am
Draghi is gonna do his moonwalk today, releasing his last album. "This is It!"

  • #688,682
  • Sep 6, 2012 7:10am Sep 6, 2012 7:10am
Quoting $teve
Why does everyone think that this will spike up and then come down? It's very bad trading practice to predict a top. What I see from the chart is a continuation of an uptrend. Price may hit 1.2690 and then consolidate again between 1.2690 and 1.2650. If you're short scalping for a few pips, then I guess it's ok. But holding shorts for anything over 50 pips isn't wise unless you love giving back pips to the market.

If price breaks 1.2620 and stays above it today, upside targets are 1.2740 and 1.2870 and so on so forth. Trade the chart!
your observation is indeed a good one, and so you must assume that those holding shorts are counter trend traders....

and without them who would you trade a trend against?
  • #688,683
  • Sep 6, 2012 7:11am Sep 6, 2012 7:11am
Yo bro, NFP can move both long and short 100-150 pips within minutes. Go back and check past years to see.


Quoting $teve
Why does everyone think that this will spike up and then come down? It's very bad trading practice to predict a top. What I see from the chart is a continuation of an uptrend. Price may hit 1.2690 and then consolidate again between 1.2690 and 1.2650. If you're short scalping for a few pips, then I guess it's ok. But holding shorts for anything over 50 pips isn't wise unless you love giving back pips to the market.

If price breaks 1.2620 and stays above it today, upside targets are 1.2740 and 1.2870 and so on so forth. Trade the chart!
  • #688,684
  • Sep 6, 2012 7:11am Sep 6, 2012 7:11am
Lost few pips on scalping. I'll wait for ECB press coference and american data. Area around 50 has a clear block in my eyes. I jumped on the buy bandwagon and lost.
  • #688,685
  • Sep 6, 2012 7:11am Sep 6, 2012 7:11am
Get ready for 200 pips up or down
Trades technical moves enforced by fundamentals
  • #688,686
  • Sep 6, 2012 7:13am Sep 6, 2012 7:13am
Quoting $teve
Why does everyone think that this will spike up and then come down? It's very bad trading practice to predict a top. What I see from the chart is a continuation of an uptrend. Price may hit 1.2690 and then consolidate again between 1.2690 and 1.2650. If you're short scalping for a few pips, then I guess it's ok. But holding shorts for anything over 50 pips isn't wise unless you love giving back pips to the market.

If price breaks 1.2620 and stays above it today, upside targets are 1.2740 and 1.2870 and so on so forth. Trade the chart!
Some reasons:

Daily swingpoint at 1.2692 (July), then 1.2730/40, either of those will be achieved today.

Did not really thought 50 would stop it. Buy was clear here, banging stops was easier to the upside in eurgbp and gbpusd and then there is a lot of interest to sell above.
They think they are smarter than I am.
  • #688,687
  • Sep 6, 2012 7:13am Sep 6, 2012 7:13am
yen weakening - BOJ doing back door intervention by foreign Bond buying

Edit : fire Alarm @ ECB buildng
Mohan
  • #688,688
  • Sep 6, 2012 7:14am Sep 6, 2012 7:14am
Quoting mohan76
wait for Draghi walk in move
ADP Non Farm 1st...
Draghi will definitely be market mover today I think...
Patience, Emotion Control and Discipline.
  • #688,689
  • Sep 6, 2012 7:16am Sep 6, 2012 7:16am
Fuck yes. Take that Euro; non-farm employment in yo ugly zombie face. U S A!

Of course it doesn't care, because it's the Euro and real news and economic data have no effect.
Offering $1.50 (21%)/RTL Commission Discounts at IC Markets & Global Prime
  • #688,690
  • Sep 6, 2012 7:17am Sep 6, 2012 7:17am
Happy Pipping.
  • #688,691
  • Sep 6, 2012 7:18am Sep 6, 2012 7:18am
ECB: Weak talk that the ECB building has been evacuated due to a fire
alarm. We are investigating, no confirmation.
  • #688,692
  • Sep 6, 2012 7:18am Sep 6, 2012 7:18am
Quoting post
Get ready for 200 pips up or down
Well i hope it is down
  • #688,693
  • Sep 6, 2012 7:20am Sep 6, 2012 7:20am
Hey does anyone have a link to ECB press conference in 11 min?
  • #688,694
  • Sep 6, 2012 7:20am Sep 6, 2012 7:20am
news is positive for USD but still v are not seeing and fall.......
  • #688,695
  • Sep 6, 2012 7:21am Sep 6, 2012 7:21am
I got this gut feeling that it would go to 2900 but all my indi's and charts are telling me it's a drop down. Even so, I opened a Pending LONG at 2655 with a fair stop at 2625 and TP at 2800.
There is nothing in the Universe but mathematical points of force.
  • #688,696
  • Sep 6, 2012 7:21am Sep 6, 2012 7:21am
Quoting Maciekzurek
ECB: Weak talk that the ECB building has been evacuated due to a fire
alarm. We are investigating, no confirmation.
false alarm and no evacuation
Mohan
  • #688,697
  • Sep 6, 2012 7:21am Sep 6, 2012 7:21am
Extremely positive US news, and yet we're not seeing it rise against the Euro. Seriously market? I want some of what you're having. I too wish to be delirious with insane optimism.
Offering $1.50 (21%)/RTL Commission Discounts at IC Markets & Global Prime
  • #688,698
  • Sep 6, 2012 7:22am Sep 6, 2012 7:22am
I don't think you'll see a fall today. I'm looking for a fall too, but it just doesn't want to drop.
  • #688,699
  • Sep 6, 2012 7:23am Sep 6, 2012 7:23am
Time to short Euro nice!
  • #688,700
  • Sep 6, 2012 7:24am Sep 6, 2012 7:24am
Quoting Layzars
Extremely positive US news, and yet we're not seeing it rise against the Euro. Seriously market? I want some of what you're having. I too wish to be delirious with insane optimism.
BOJ is very busy
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