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  • #745,441
  • Jan 13, 2013 7:33pm Jan 13, 2013 7:33pm
Quoting Miguel.N
hit 373, good stuff guys, but can it carry on like that without down move, is there any limits !?
i had seen this kinda of move when eur had fallen from 1.4900 to 1.4500 in may 2011. no retracement
and past 340 pips move no retracement
The Phoenix Trader....
  • #745,442
  • Jan 13, 2013 7:36pm Jan 13, 2013 7:36pm
Quoting sunilpawar
i had seen this kinda of move when eur had fallen from 1.4900 to 1.4500 in may 2011. no retracement
and past 340 pips move no retracement
seems 1.3450 is achievable by tommorow

else we shoud expect it around 1.3275 by tommorow... again gamble i m short at 1.3360 with strict sl above 1.3389, TP open. i am expecting it to be back to 1.3250 levels so holding.. again gambling
The Phoenix Trader....
  • #745,443
  • Jan 13, 2013 7:37pm Jan 13, 2013 7:37pm
Quoting sunilpawar
i had seen this kinda of move when eur had fallen from 1.4900 to 1.4500 in may 2011. no retracement
and past 340 pips move no retracement
I'm thinking the same. Lot of stops hit around 3260/70 level in December. Will they take this puppy 1000 pips above 3260 level i.e, 1.4360 zone?
Looks quite possible right now.
When Scalpers win, I lose and Vice varsa...
  • #745,444
  • Jan 13, 2013 7:40pm Jan 13, 2013 7:40pm
Can some 1 anlysis what Evan just said? did he say sell eur or buy ?I wish he said simple thing as this, usd is gonna fall below 77.50 near the future.
  • #745,445
  • Jan 13, 2013 7:43pm Jan 13, 2013 7:43pm
Quoting Goldflake
It's no guessing game my friend. Follow the trend. We can guess when trend becomes weak. Bulls are hungry. Stay away if you are not in the long trade. Wait for short opportunity later. (Not even a single LL&LH till now).
Les Seychelles c'est super beau, lucky !
  • #745,446
  • Jan 13, 2013 7:43pm Jan 13, 2013 7:43pm
Who is Evan? excuse my ignorance.
  • #745,447
  • Jan 13, 2013 7:45pm Jan 13, 2013 7:45pm
...
  • #745,448
  • Jan 13, 2013 7:46pm Jan 13, 2013 7:46pm
Quoting Hyperion
Who is Evan? excuse my ignorance.
http://www.forexfactory.com/news.php?do=news&id=404885
  • #745,449
  • Jan 13, 2013 7:50pm Jan 13, 2013 7:50pm
lol, that Evans, I'm not reading all of that and I doubt if he said buy or sell the EUR. Even if he did is he gonna tell you when to get out?
  • #745,450
  • Jan 13, 2013 7:50pm Jan 13, 2013 7:50pm
Quoting Goldflake
I'm thinking the same. Lot of stops hit around 3260/70 level in December. Will they take this puppy 1000 pips above 3260 level i.e, 1.4360 zone?
Looks quite possible right now.
everything has saturation..... if every one buys then who will sell. so there has to be some equalization. and regarding taking this puppy up we can always see the monthly charts which is already pointing for 1.4500 levels in next quarter or so . but how does it matter else some one is long time trader. and its abouts the banks government who play with the cycle buy at low ie 1.20000 levels sell at 1.4700-1.5000 levels
and evry two years they follow the cycle irrespective of recession, fiscal clif and blah blah... its v who decide our limits, loss and tp.

and you see on friday i was not expecting eur usd to break 1.3295. i was short on eur usd at 1.3295 i got stopped out at 1.3321 and took buy at 1.3325 and TP at 1.3361. so either way i was lucky enough that my loss was covered.

its market and its you who draw lines between the entry and exit.
The Phoenix Trader....
  • #745,451
  • Jan 13, 2013 7:55pm Jan 13, 2013 7:55pm
Quoting Hyperion
lol, that Evans, I'm not reading all of that and I doubt if he said buy or sell the EUR. Even if he did is he gonna tell you when to get out?
I was joking, I really want to know any info so I would keep my long open or not.
I'm kinda chicken out right now !!! POAKKK POOAAKK
Attached Image
  • #745,452
  • Jan 13, 2013 7:56pm Jan 13, 2013 7:56pm
Quoting sunilpawar
everything has saturation..... if every one buys then who will sell. so there has to be some equalization. and regarding taking this puppy up we can always see the monthly charts which is already pointing for 1.4500 levels in next quarter or so . but how does it matter else some one is long time trader. and its abouts the banks government who play with the cycle buy at low ie 1.20000 levels sell at 1.4700-1.5000 levels
and evry two years they follow the cycle irrespective of recession, fiscal clif and blah blah... its v who decide our limits, loss...
Agree, it's like the waves in the see, they are always up and down and we have to follow them...
  • #745,453
  • Jan 13, 2013 8:00pm Jan 13, 2013 8:00pm
well, 5th wave is the sharpest wave pattern right now on the daily chart, I predict that today is a daily bull candle.
eur must go above 1.3400, today to boost investors confidence. Every1 will be surprise.
  • #745,454
  • Jan 13, 2013 8:01pm Jan 13, 2013 8:01pm
Dont see it crossing 34 by any means without a correction before
MMMYYYKKK
  • #745,455
  • Jan 13, 2013 8:02pm Jan 13, 2013 8:02pm
Quoting Ihate2lose
well, 5th wave is the sharpest wave pattern right now on the daily chart, I predict that today is a daily bull candle.
where is ur target?
The Phoenix Trader....
  • #745,456
  • Jan 13, 2013 8:04pm Jan 13, 2013 8:04pm
Quoting Ihate2lose
I was joking, I really want to know any info so I would keep my long open or not.
I'm kinda chicken out right now !!! POAKKK POOAAKK
Is that Buy or Sell order? If it is a buy you can hold it with tight stop loss. In case of sell order, i don't know.
When Scalpers win, I lose and Vice varsa...
  • #745,457
  • Jan 13, 2013 8:05pm Jan 13, 2013 8:05pm
Quoting sunilpawar
where is ur target?
1.3490 is my target.
1.35 will marks a new era for eur for this year.
  • #745,458
  • Jan 13, 2013 8:05pm Jan 13, 2013 8:05pm
Quoting myk
Dont see it crossing 34 by any means without a correction before
well i am of the same opinion... but i am visualising above 1.3385 it may head on to 1.3410/30 levels. better to place stops at this levels for short entries.. else people who are long they are free to TP any where.. I ll only buy at 1.3320/10 levels with sl below 1.3250
The Phoenix Trader....
  • #745,459
  • Jan 13, 2013 8:06pm Jan 13, 2013 8:06pm
A lot of interesting post to read here. Sure, it could carry on a bit more long before short again. They will play their games as needed. January is a big month, new year with strong big moves to setup for long term (usually). I'm not saying you can't short but, be careful when. Bullish moves have been seen so far this month. Big money takes time to turn and get in and out. Once in their next direction and hold for a while. I've been buying dips and still will but, flat now. See my chart for how I have seen it for now till I think it's time to change it.

IMO right or wrong it's my plan.
Cheers

Quoting Miguel.N
hit 373, good stuff guys, but can it carry on like that without down move, is there any limits !?
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  • #745,460
  • Jan 13, 2013 8:08pm Jan 13, 2013 8:08pm
Quoting Ihate2lose
1.3490 is my target.
1.35 will marks a new era for eur for this year.
may be hit by this week
The Phoenix Trader....
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