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  • #714,281
  • Nov 5, 2012 11:29am Nov 5, 2012 11:29am
Quoting Vachus
I almost took the position at 1.27750 - but got greedy and said to wait a little bit longer to buy at 60ish . Place it on BE , because there is still some space down to go ..

I think if go 2815 then it will go to 2910.
  • #714,282
  • Nov 5, 2012 11:36am Nov 5, 2012 11:36am
Quoting clambill
“If we fail to stay in the euro, nothing will make sense.”

http://www.marketwatch.com/story/gre...xit-2012-11-04

They still say it might be a close vote but expected to pass (although no guarantees).

"Nothing will make sense"? I wonder what he's thinking.
It's just useless babble. Greece will stay in the Eurozone. The willpower to keep the Eurozone intact isn't economical but political.
Not all sins are created equal
  • #714,283
  • Nov 5, 2012 12:35pm Nov 5, 2012 12:35pm
Hello everyone.

IMO, could be some upside potential here before continuing lower. Til then watching this turtle move.
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  • #714,284
  • Nov 5, 2012 12:42pm Nov 5, 2012 12:42pm
No chance for any upmove is going to drop deep down my short position will bring me big profit
  • #714,285
  • Nov 5, 2012 12:46pm Nov 5, 2012 12:46pm
@SemperOorah

nice chart, looks like SHS formation
  • #714,286
  • Nov 5, 2012 12:51pm Nov 5, 2012 12:51pm
1.2812 is now serious resistance after holding as support for a month or 2. Will see drop to 1.2700 eventually. (double top on hourly) US election will accelerate fall as fate of presidency and arbiter of US fiscal cliff negotiations is decided.

Good setup here Sell at 1.2785 TP 1.2700 SL 1.2840 (SL above 200 period SMA on daily and should hold)
  • #714,287
  • Nov 5, 2012 12:54pm Nov 5, 2012 12:54pm
Bullish Divergences - MACD H1
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_h1_macd_bull_div.gif Size: 20 KB
  • #714,288
  • Nov 5, 2012 12:56pm Nov 5, 2012 12:56pm
Quoting d4amenace
1.2812 is now serious resistance after holding as support for a month or 2.
Yea absolutely agreed. Lots of possibilities here, I'm holding off until I can make a better decision.
  • #714,289
  • Nov 5, 2012 12:56pm Nov 5, 2012 12:56pm
Quoting sirqaz
No chance for any upmove is going to drop deep down my short position will bring me big profit
ok, I remember you short from 1.2820' wats ur SL?
  • #714,290
  • Nov 5, 2012 1:04pm Nov 5, 2012 1:04pm
Follow the crowds on this one for now guys......

No real support until at least 1.2735 so move lower expected. Currently, nikkei futures showing negative so we should get a slight dip lower during Japanese session to start the move.

Confirmation of the slow overnight move will begin 1 hour before European.

No major news to stop this other than RBA which will only cause a blip if no rate cut.
  • #714,291
  • Nov 5, 2012 1:06pm Nov 5, 2012 1:06pm
Quoting sirqaz
No chance for any upmove is going to drop deep down my short position will bring me big profit

Smart move. Hold that short. This week you will be pleased you didn't bail!
  • #714,292
  • Nov 5, 2012 1:07pm Nov 5, 2012 1:07pm
Quoting d4amenace
Follow the crowds on this one for now guys......

No real support until at least 1.2735 so move lower expected. Currently, nikkei futures showing negative so we should get a slight dip lower during Japanese session to start the move.

Confirmation of the slow overnight move will begin 1 hour before European.

No major news to stop this other than RBA which will only cause a blip if no rate cut.
Dam you and your sound logic haha. Man, just can't bring myself to sell. Looks so oversold right now. Going with my instincts and staying away for now. Good luck to you sir.
  • #714,293
  • Nov 5, 2012 1:08pm Nov 5, 2012 1:08pm
Quoting attila
for intraday, 2 things.. what did the ran happened on? draghi. and fridays usually go the other way and trim some gains..

on the long term, I strongly believe we'll see 2642 before 3400..
Oct 4, 2012 23:48 #703154
"It's the Margin, Stupid."
  • #714,294
  • Nov 5, 2012 1:47pm Nov 5, 2012 1:47pm
Any idea what the next catalyst is for this market, anyone?
  • #714,295
  • Nov 5, 2012 2:07pm Nov 5, 2012 2:07pm
Quoting todstars2
Any idea what the next catalyst is for this market, anyone?
I think we may only know the next catalyst when we hear one.

One thing I'm wondering about though is how long is it going to take to resolve the situation with Spain. They announced they intend to help countries who ask for help. But, saying they're asking conditions to accept the help means Spain may wait until they really need it to ask. Saying they're going to help is one thing, doing it is another. If Merkel doesn't get the political support she needs in Germany to hand over the money what is she going to do?

I continue to believe there's going to be eventual political consequences to what they're doing now. I have a hard time believing teetering on the edge is going to last forever. I can congratulate them for holding on together this long though.
  • #714,296
  • Nov 5, 2012 2:08pm Nov 5, 2012 2:08pm
Quoting todstars2
Any idea what the next catalyst is for this market, anyone?
Spanish Services PMI? As per Forex Factory.

Look at major levels because market moves a lot a round them (break or hold situation).
Even the worst trade can close with profit. Just give it time.
  • #714,297
  • Edited 2:47pm Nov 5, 2012 2:15pm | Edited 2:47pm
If this is any help to anyone here? GL trading tomorrow!

On Friday 31.10.2008
EU Open - 1.29238
High - 1.29937
Low - 1.26685
Close - 1.27253

Monday 03.11.2008
Open - 1.2657
High - 1.28972
Low - 1.26424
Close - 1.265

Tuesday 04.11.2008 Election day
Open - 1.26526
High - 1.30286
Low - 1.25251
Close - 1.29843

Wednesday 05-11.2008
Open - 1.29859
High - 1.31168
Low - 1.27941
Close - 1.29998

Edit 31.10.08
Attached Image (click to enlarge)
Click to Enlarge Name: Election day 2008.JPG Size: 60 KB
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #714,298
  • Nov 5, 2012 2:17pm Nov 5, 2012 2:17pm
Quoting Avir
If this is any help to anyone here? GL trading tomorrow!

On Friday 30.10.2008
EU Open - 1.29238
High - 1.29937
Low - 1.26685
Close - 1.27253

Monday 03.11.2008
Open - 1.2657
High - 1.28972
Low - 1.26424
Close - 1.265

Tuesday 04.11.2008 Election day
Open - 1.26526
High - 1.30286
Low - 1.25251
Close - 1.29843

Wednesday 05-11.2008
Open - 1.29859
High - 1.31168
Low - 1.27941
Close - 1.29998
This is when Obama got in correct?
Even the worst trade can close with profit. Just give it time.
  • #714,299
  • Nov 5, 2012 2:18pm Nov 5, 2012 2:18pm
Quoting John Gray
This is when Obama got in correct?
yup
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #714,300
  • Nov 5, 2012 2:25pm Nov 5, 2012 2:25pm
Quoting todstars2
Any idea what the next catalyst is for this market, anyone?
US Election outcome is a big one, Greece meetings going on for next round of funding, is another big one.
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