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  • #729,921
  • Dec 10, 2012 10:50pm Dec 10, 2012 10:50pm
Quoting AngelPips
So they need to make come correction.. Short may be the right position to open now.. Try it with small lot
Not my cup of tea....orders at pivot were used up so it's possible for price to keep heading that direction, and price action is neutral at the moment. We don't know what was behind the spike either.
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  • #729,922
  • Dec 10, 2012 10:51pm Dec 10, 2012 10:51pm
hahahahahaha read this


FXstreet.com (Barcelona) - EUR/USD is suddenly surging more than 30 pips in last 10 minutes, quoting at fresh session and weekly highs 1.2959, jumping from recent session lows at 1.2928, following better than expected steel production in China up to 14% in Nov year on year.

USD is having a hit across the board at the same time, last at 80.22 of USD index, breaking below previous session lows at 80.29. Local share markets show mixed results, with Nikkei index in the red while ASX and Hang-Seng move slightly in the green.

After reaching a session high at 1.2962 EUR/USD has retraced sharply to current levels around 1.2950 in a very choppy action as of late, now having a rest around previous session highs.
The Phoenix Trader....
  • #729,923
  • Dec 10, 2012 10:52pm Dec 10, 2012 10:52pm
i like the beauty of the eur usd move they make news to complete technicals
The Phoenix Trader....
  • #729,924
  • Dec 10, 2012 10:52pm Dec 10, 2012 10:52pm
Quoting sunilpawar
its better to stay out this week
whole month and most Jan this shit is common for this period, most books are squared or squaring away, liquidity already started to thin, going to be few decent moves, most will have no rhyme or reason, if ever you need either stay aside maybe just brit and usa open 1 hr either side or reduce leverage and increase stops, tight stop are easy prey
If you are new to Forex? Say Goodbye to your account!!
  • #729,925
  • Dec 10, 2012 10:53pm Dec 10, 2012 10:53pm
Quoting sunilpawar
i like the beauty of the eur usd move they make news to complete technicals
My bias short with sl above 1.3000
The Phoenix Trader....
  • #729,926
  • Dec 10, 2012 10:54pm Dec 10, 2012 10:54pm
Quoting sunilpawar
hahahahahaha read this


FXstreet.com (Barcelona) - EUR/USD is suddenly surging more than 30 pips in last 10 minutes, quoting at fresh session and weekly highs 1.2959, jumping from recent session lows at 1.2928, following better than expected steel production in China up to 14% in Nov year on year.

USD is having a hit across the board at the same time, last at 80.22 of USD index, breaking below previous session lows at 80.29. Local share markets show mixed results, with Nikkei index in the red while ASX and Hang-Seng move slightly in the green.

After...

So it was the Chinese who pressed few buttons...

I don't understand, why does chinese data move euro so much?
  • #729,927
  • Dec 10, 2012 10:54pm Dec 10, 2012 10:54pm
Quoting sunilpawar
My bias short with sl above 1.3000
Just don't put it at 1.3001.
  • #729,928
  • Dec 10, 2012 10:58pm Dec 10, 2012 10:58pm
Quoting Kanzler
Just don't put it at 1.3001.
i was just imagning .... i m not trading for this entire week
The Phoenix Trader....
  • #729,929
  • Dec 10, 2012 10:58pm Dec 10, 2012 10:58pm
Quoting sunilpawar
i was just imagning .... i m not trading for this entire week
if i have to only scalping
The Phoenix Trader....
  • #729,930
  • Dec 10, 2012 11:01pm Dec 10, 2012 11:01pm
Quoting CoolJL
So it was the Chinese who pressed few buttons...

I don't understand, why does chinese data move euro so much?
its all crap.... big people are fighting amongst themselves.

i have met traders with 45 years of rich experience even they cant explain the crappy move

someimes if it moves ppl say it was technical

sometimes with bad news people say it found support
and blah blah blah.
The Phoenix Trader....
  • #729,931
  • Edited 11:06pm Dec 10, 2012 11:01pm | Edited 11:06pm
I'm still bearish and I'll play 1.30 when it gets there because the 50 lines up so perfectly, but I'm not so sure it's going to get there anyway. May just continue south after the boundary re-establishes and ruin my week altogether. Support has been tested a few times and I'd be surprised to see it hold too much longer...
  • #729,932
  • Dec 10, 2012 11:02pm Dec 10, 2012 11:02pm
Quoting Kanzler
Not my cup of tea....orders at pivot were used up so it's possible for price to keep heading that direction, and price action is neutral at the moment. We don't know what was behind the spike either.
very true i feel it may hit 1.33 by end of the month as well
The Phoenix Trader....
  • #729,933
  • Dec 10, 2012 11:07pm Dec 10, 2012 11:07pm
It is right time to brag about your predictions before it's too late ............. it's still moving.
The Thief of Wall Street
  • #729,934
  • Dec 10, 2012 11:08pm Dec 10, 2012 11:08pm
Quoting CoolJL
So it was the Chinese who pressed few buttons...

I don't understand, why does chinese data move euro so much?
euro s own data cannot be moved so they have outsourced the movement as well to china
so better keep eye on china news for eur usd move...

hahahahaha
The Phoenix Trader....
  • #729,935
  • Dec 10, 2012 11:12pm Dec 10, 2012 11:12pm
Quoting heispark
Yelena, why don't you open your own thread and share your knowledge and experience with good people? I bet your thread will be popular. Try it. It will be fun.
ahehehehehe. you're here! hope you are making it good on genesis and on your secondary strategy! thanks for the vote of confi. but trading is my source of income and the social trading must close in green monthly (to be able to withdraw monthly). the pressure is a bit overwhelming at the moment and, above everything else, the inputs of more experienced traders here are just too invaluable!
  • #729,936
  • Dec 10, 2012 11:20pm Dec 10, 2012 11:20pm
Quoting sunilpawar
its all crap.... big people are fighting amongst themselves.

i have met traders with 45 years of rich experience even they cant explain the crappy move

someimes if it moves ppl say it was technical

sometimes with bad news people say it found support
and blah blah blah.

That's why I'm in a conpiracy theory camp who believes the market is completely manipulated.
  • #729,937
  • Dec 10, 2012 11:21pm Dec 10, 2012 11:21pm
Quoting CoolJL
That's why I'm in a conpiracy theory camp who believes the market is completely manipulated.
Usually the manipulation is to our benefit....and who knows what the real reason behind this without knowing the organization that sent the buy order. Just have to accept it and move on.
  • #729,938
  • Dec 10, 2012 11:22pm Dec 10, 2012 11:22pm
Of course the market is completely manipulated. Now, you just have to learn how to trade it (Easier said than done).


Quoting CoolJL
That's why I'm in a conpiracy theory camp who believes the market is completely manipulated.
  • #729,939
  • Dec 10, 2012 11:23pm Dec 10, 2012 11:23pm
Quoting Kanzler
Usually the manipulation is to our benefit
Definitely agree on that. Without it I think the market wouldn't move as much.
  • #729,940
  • Dec 10, 2012 11:24pm Dec 10, 2012 11:24pm
USD is collapsing. TP 1.2987
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