2975 needed that momentum to break not easy though
- #695,682
- Sep 21, 2012 2:36am Sep 21, 2012 2:36am
- | Joined Jun 2012 | Status: Cogito ergo $um | 1,519 Posts
- #695,684
- Sep 21, 2012 2:37am Sep 21, 2012 2:37am
- | Membership Revoked | Joined Jul 2012 | 4,197 Posts
"It's the Margin, Stupid."
- #695,685
- Sep 21, 2012 2:38am Sep 21, 2012 2:38am
- | Joined Jun 2012 | Status: Cogito ergo $um | 1,519 Posts
- #695,686
- Sep 21, 2012 2:39am Sep 21, 2012 2:39am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
COT: The precious data ignored
- #695,688
- Sep 21, 2012 2:43am Sep 21, 2012 2:43am
- Joined Jul 2012 | Status: CME seat owner | 6,134 Posts
The good thing is , it wasn't a bear order - but profit taking ... or so i think
unless that persons intention is to buy it back cheaperi think we will test the lows though
there are bids @ 50/60 and 20/30
Be hopeful in a winning position, and fearful in a losing position.
- #695,690
- Sep 21, 2012 2:45am Sep 21, 2012 2:45am
- | Joined Jun 2012 | Status: Cogito ergo $um | 1,519 Posts
- #695,692
- Sep 21, 2012 2:45am Sep 21, 2012 2:45am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
US investment house clearing out euros from what I heard
COT: The precious data ignored
- #695,694
- Sep 21, 2012 2:49am Sep 21, 2012 2:49am
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Mohan
- #695,695
- Sep 21, 2012 2:51am Sep 21, 2012 2:51am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
guys, here's maybe why :
http://www.bloomberg.com/news/2012-0...cial-says.html
Good morning all,
Throughout the day today there will be many option expirations in various assets and may cause higher than normal market volume which may leave you thinking that some positive or negative news has been released. This is a normal phenomenon on Triple Witching Fridays so don’t be alarmed.
Pete Jackson’s Order Board
EUR/USD: Bids/tech support hourly downward trend channel support 1.2950/60, and bids 1.2920/30 (20 Sep low 1.2920). Offers 1.3000/10 and 1.3030/50, buy stops above ahead of more offers 1.3075/85
FX Options Expiries @ 14:00 GMT
EUR/USD: 1.2850, 1.2900, 1.2910, 1.2940, 1.2990, 1.3085, 1.3100
If you would like to read my daily fundamental and technical update, just go here
Those who say it cannot be done should not interrupt those who are doing it
- #695,696
- Sep 21, 2012 2:54am Sep 21, 2012 2:54am
- | Commercial User | Joined Feb 2010 | 13,260 Posts
taken some longs here:
EU @ 66
GU @ 38
Dax @ 7411
lets see how far they can get
EU @ 66
GU @ 38
Dax @ 7411
lets see how far they can get
- #695,697
- Sep 21, 2012 3:00am Sep 21, 2012 3:00am
- Joined Jul 2012 | Status: CME seat owner | 6,134 Posts
Be hopeful in a winning position, and fearful in a losing position.
- #695,699
- Sep 21, 2012 3:04am Sep 21, 2012 3:04am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #695,700
- Sep 21, 2012 3:13am Sep 21, 2012 3:13am
- Joined Jul 2012 | Status: CME seat owner | 6,134 Posts
IMO it is definitely not great conditions for scalping. When large funds cash in a $500 million contract on a slow news day, the result could be a sudden 20 pip pop. So if you're going to scalp today, keep your stops tight and try to avoid the closing and opening of M15 and higher candles.
I'm actually booked half @ 58, and the rest S/L above 82 (BE+15)
Going to take a night off so I have some energy this weekend. Maybe Ill come back for NY to see if I have more green pips off this short
Enjoy your day everyone and many green pips
Be hopeful in a winning position, and fearful in a losing position.