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  • #755,401
  • Feb 7, 2013 8:23am Feb 7, 2013 8:23am
Quoting habibFx
no worry. will add if go lower.
Retracement down to 1.3430 t0 1.3380 before moving up. Because it failed at 1.3570/90
Intraday only.
  • #755,402
  • Feb 7, 2013 8:23am Feb 7, 2013 8:23am
Quoting math_GB
Wrapped/Covered everything @1.3465, waiting for 1.3410s -26 here...
Closed @1.3430 the shorts and with the longs now, I need 1.3456 for BE...
  • #755,403
  • Feb 7, 2013 8:24am Feb 7, 2013 8:24am
Quoting acidburn123
why not going long after a structure has confirmed or certain reversal price has been hit ...... see no point doing a quick buy on a knife .
everyone has their own trading style.
  • #755,404
  • Feb 7, 2013 8:24am Feb 7, 2013 8:24am
It's going down again - time to sit by the phone, margin call comming.
  • #755,405
  • Feb 7, 2013 8:24am Feb 7, 2013 8:24am
stopped out again & staying out, what a mess. Draghi was the worst possible, ambiguous

We could we stuck in range trading for some time to come
  • #755,406
  • Feb 7, 2013 8:24am Feb 7, 2013 8:24am
Hey what Draghi said? Just arrived at home and what a drop! Thanks for the info!
  • #755,407
  • Feb 7, 2013 8:25am Feb 7, 2013 8:25am
Quoting math_GB
Closed @1.3430 the shorts and with the longs now, I need 1.3456 for BE...
There is another level I see. 1.3380, but yes I agree 1.3430 is one level.
Intraday only.
  • #755,408
  • Feb 7, 2013 8:26am Feb 7, 2013 8:26am
We have some good support @ 3430. let's see.
When Scalpers win, I lose and Vice varsa...
  • #755,409
  • Feb 7, 2013 8:27am Feb 7, 2013 8:27am
Quoting Tadej89
Hey what Draghi said? Just arrived at home at what a drop! Thanks for the info!
he hates the yuro all of a sudden. the French and ze Germans must have bitched to him.. What a game all this is...
  • #755,410
  • Feb 7, 2013 8:27am Feb 7, 2013 8:27am
Quoting habibFx
everyone has their own trading style.
trading style ... ok ... hope you do use some kind of stop loss in your trading style.
  • #755,411
  • Feb 7, 2013 8:28am Feb 7, 2013 8:28am
Quoting tarrentino
The theoretical double bottom hasn't really proved a support level so far - hardly much price rejection bearing in mind you've just seen a 100 pip hourly bar... PA went deeper than your previous swing low - looks like a few longs coming in - tiny retrace and then the bears will drop the pedal and take em all out on the way down..... it's the market beginning to reset itself in line with fundies. Mario has obviously been told not to say anything Euro supportive .... these guys aint stupid they can't tolerate the Euro going north while everyone else...
appreciate that view. I do see what you mean. The 100 pip drop isn't something to ignore, just curious about interpretations.
A pip is only worth it if you know how much you risked to earn it
  • #755,412
  • Feb 7, 2013 8:29am Feb 7, 2013 8:29am
So many people here going long. Quick look at 5/15 minutes chart and you can see it goes down like a train at full speed.
Why not take a break, go for a walk and come back in half an hour.Trying to catch a running train at full speed is never good idea.
  • #755,413
  • Feb 7, 2013 8:29am Feb 7, 2013 8:29am
Why is no one shouting for LONGS then? I LOVE it when everyone goes mental for longs.
  • #755,414
  • Feb 7, 2013 8:29am Feb 7, 2013 8:29am
before I take the dog out.. don't try to guess where it'll stop.. just let it do its thing.. until then any level is meaningless.. these are big money selling.. It probably takes as many billions to put the breaks on it as much as it took to drop it this fast.
  • #755,415
  • Feb 7, 2013 8:29am Feb 7, 2013 8:29am
Quoting attila
he hates the yuro all of a sudden. the French and ze Germans must have bitched to him.. What a game all this is...
Hmmm some suspected this, higher value of euro is not good for German import. Funny thing really haha how one politician/influential banker has a big impact on the currency.
  • #755,416
  • Feb 7, 2013 8:30am Feb 7, 2013 8:30am
Quoting pawpaw1000
My view is that we will continue falling the rest of the week with this being the top for the next Two days at least. Reasons are:

Euro got ahead of itself the last Four weeks and need to retrace to about 3400 before resumption (sideways also possible of course)

The boys who took profit and shorters from 3700 who moved the market yesterday will be looking at this retrace today as a prime opportunity to go lower...

3584 is the 50% retrace of 3710 to 3458...

and a couple more reasons I think so but all that said, I trade intra-day and anything...

Think that 3410 should hold us up... There might be an opportunity to go long again for the next upswing
@pawpaw1000 on Twitter
  • #755,417
  • Feb 7, 2013 8:31am Feb 7, 2013 8:31am
Quoting vlady1974
appreciate that view. I do see what you mean. The 100 pip drop isn't something to ignore, just curious about interpretations.

I've been expecting this for a long time.... it was just of a question of time. All we need now is some risk aversion and the move will get traction and start to test long term support levels - this is ultimately the game.....
  • #755,418
  • Feb 7, 2013 8:31am Feb 7, 2013 8:31am
1.3460-70 is the new resistance now, won't be easy to get through unless we make new lows again

If new lows i may buy it for 1.3460, unless 1.3460 is bounced off before making new lows
  • #755,419
  • Feb 7, 2013 8:32am Feb 7, 2013 8:32am
I really think we will reach 3395 today, will look to buy from there, and maybe considering short from 62
  • #755,420
  • Feb 7, 2013 8:34am Feb 7, 2013 8:34am
Quoting navk
Retracement down to 1.3430 t0 1.3380 before moving up. Because it failed at 1.3570/90
still no worries. i stick to my strategy and good MM.
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