for me - differed orders is the same as pushing clouds by your trigger to get what you want (or gambling)
I try rare use them, when its more clear market mood
- #60,442
- Nov 8, 2012 11:25pm Nov 8, 2012 11:25pm
I am already long 77.16 and I just added another one a few hours ago at 79.36
I also added one last week at 79.60 which is now slightly underwater, but I am not worried coz this sucker is going to retest 84.20 very soon. I also forecast breaking the 90 level within the next 12 months. With a positive swap, it's an easy trade and I plan to keep scaling in fresh longs with every large TF pullback to support.
Attachment
- #60,444
- Nov 9, 2012 1:04am Nov 9, 2012 1:04am
- Joined Oct 2009 | Status: Whn Market Warms u..U keep it Kool | 6,578 Posts
- #60,446
- Nov 9, 2012 2:05am Nov 9, 2012 2:05am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Good morning and happy Friday to all...
Europe (or at least the Eurozone) is dragging through the ditches with downward adjusted growth (or lack thereof) figures and a debt crisis that just keeps getting worse. In fact the ECB's Mario Draghi indicated yesterday in his press conference that the ECB is no longer going to extend more funds to the Greek banks through their Emergency Lending Facility. Next week Greece needs to come up with €5 billion to pay a maturing bond issue which is apparently held by the ECB. Without their €31.5 billion aid tranche, they don't have the money to pay which means that they may have to go to market to try and raise those funds... failing which, unless the ECB agrees to roll over the bonds, Greece will default on that debt. I am sure they will come up with a solution and this is all political posturing in order to ensure that the Greek parliament pushes forward to pass the latest budget containing several Troika imposed austerity measures. After all, with over €200 billion at stake, the Troika is not about to let the house of cards tumble over a measly €5 billion. I suppose time will tell, but I highly suspect the Troika will deposit the €5 billion in an escrow account in order to facilitate the payment. As always, time will tell. In the meantime, I expect to see more losses in this pair.
The calendar today is fairly light, or at least not heavy enough to sway the markets off the current bearish track. As such I suspect the bearish tone will continue as we may very well reach my 1.2658 measured target before the session is over. Obviously any hopiumized verbal diarrhea could spoil my day, but since I base most of my trades on my mid-term outlook, I maintain my confidence of accelerated losses in this pair in the coming weeks.
Best of luck to all today and have a great weekend.
E/U H4:
E/U Weekly:
Europe (or at least the Eurozone) is dragging through the ditches with downward adjusted growth (or lack thereof) figures and a debt crisis that just keeps getting worse. In fact the ECB's Mario Draghi indicated yesterday in his press conference that the ECB is no longer going to extend more funds to the Greek banks through their Emergency Lending Facility. Next week Greece needs to come up with €5 billion to pay a maturing bond issue which is apparently held by the ECB. Without their €31.5 billion aid tranche, they don't have the money to pay which means that they may have to go to market to try and raise those funds... failing which, unless the ECB agrees to roll over the bonds, Greece will default on that debt. I am sure they will come up with a solution and this is all political posturing in order to ensure that the Greek parliament pushes forward to pass the latest budget containing several Troika imposed austerity measures. After all, with over €200 billion at stake, the Troika is not about to let the house of cards tumble over a measly €5 billion. I suppose time will tell, but I highly suspect the Troika will deposit the €5 billion in an escrow account in order to facilitate the payment. As always, time will tell. In the meantime, I expect to see more losses in this pair.
The calendar today is fairly light, or at least not heavy enough to sway the markets off the current bearish track. As such I suspect the bearish tone will continue as we may very well reach my 1.2658 measured target before the session is over. Obviously any hopiumized verbal diarrhea could spoil my day, but since I base most of my trades on my mid-term outlook, I maintain my confidence of accelerated losses in this pair in the coming weeks.
Best of luck to all today and have a great weekend.
E/U H4:
E/U Weekly:
Those who say it cannot be done should not interrupt those who are doing it
- #60,447
- Nov 9, 2012 2:55am Nov 9, 2012 2:55am
- Joined Oct 2009 | Status: Whn Market Warms u..U keep it Kool | 6,578 Posts
Hopefully it hit the TP @ 1.2680 today 
Thursday Report:
This report contains: Econometric, Technical, cyclical fundamental and order flow analysis.
It’s exclusively designed for professional traders.
Made by Gino
(Anyone who wants this report via email, just send me an email to [color=blue][email protected][/color]) I usually post the report at this hour. (10 pm GMT -6)
[b][font="]Guys any doubts or questions will be solved on Weekend. I will make a FAQ with any questions you have....
Thank you, really interesting report
- #60,449
- Nov 9, 2012 4:11am Nov 9, 2012 4:11am
- Joined Oct 2009 | Status: Whn Market Warms u..U keep it Kool | 6,578 Posts
Hopefully it hit the TP @ 1.2680 today
- #60,451
- Nov 9, 2012 4:21am Nov 9, 2012 4:21am
- Joined Jun 2012 | Status: ケンジ | 21,416 Posts
One of the best days 
- #60,452
- Nov 9, 2012 4:24am Nov 9, 2012 4:24am
- Joined Oct 2009 | Status: Whn Market Warms u..U keep it Kool | 6,578 Posts
Gimme another 30 pip fall in eur/usd and a 30 dollar fall in gold and I will be drunk tonight!
- #60,454
- Nov 9, 2012 4:25am Nov 9, 2012 4:25am
- Joined Jun 2012 | Status: ケンジ | 21,416 Posts
Raining pips
- #60,458
- Nov 9, 2012 4:36am Nov 9, 2012 4:36am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
It's raining in Ireland
Those who say it cannot be done should not interrupt those who are doing it
- #60,459
- Nov 9, 2012 4:37am Nov 9, 2012 4:37am
- 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
