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EURUSD

  • #755,421
  • Feb 7, 2013 8:35am Feb 7, 2013 8:35am
Quoting Tadej89
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.
well it all started with a bit of influence traders took the bite and hiked the crap out of the euro, when it really was sitting nicely in a tight consolidation pattern where it should have stayed or even lower until the eurozone problems get a grip. but who said trading is fair
  • #755,422
  • Feb 7, 2013 8:35am Feb 7, 2013 8:35am
Quoting habibFx
still no worries. i stick to my strategy and good MM.
Good to hear some one says MM rules !
Intraday only.
  • #755,423
  • Feb 7, 2013 8:36am Feb 7, 2013 8:36am
Quoting acidburn123
trading style ... ok ... hope you do use some kind of stop loss in your trading style.
thanks man
  • #755,424
  • Feb 7, 2013 8:36am Feb 7, 2013 8:36am
Quoting attila
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.


Yes when the big boys are unloading in a blind panic levels become almost meaningless, the sellers are not looking at levels - they are looking at the positions they need to unwind and unwind them they will. You cannot trust your silly 1M chart patterns when this is going on. If you want to gamble and go long use a tight stop. Anything else is suicide.
  • #755,425
  • Feb 7, 2013 8:36am Feb 7, 2013 8:36am
Quoting attila
I will only consider longs if it moves back above 3490.. otherwise I'll wait for 3408.
Quoting yelena
yes. with some relative pull back, final target at 3398 within 2-4 hours if not tomorrow... looks like a long shot, but just locked at 3513 (+30) then we'll see if it makes it or not. thinking that if there's any person who can do so, it would be draghi
then i shall move protection down to 3490. thanks for the heads up! no sense in minimizing wins if the hope that it will go down further will be obliterated at that level.
  • #755,426
  • Feb 7, 2013 8:37am Feb 7, 2013 8:37am
Quoting BlueGas
I really think we will reach 3395 today
Yes... not far off that on the last push down... notice the M5 charts?.... if that pattern starts to repeat this could end up being very painful for people trying to buy the bottom.
  • #755,427
  • Feb 7, 2013 8:37am Feb 7, 2013 8:37am

Quoting iqyu5an
they have to : with bad sales data they have.... ( even production and service provides good improvement ) how they could boost their export with too expensive currency ? there is two option : keep or cut rate. both will drag the euro down. IF not ... the only thing will happen.......is death stock ( followed by unpaid debt...unemployment etc ) ! real business must run in balance and competitive
Quoting iqyu5an

http://www.forexfactory.com/attachme...2&d=1360222978
http://www.forexfactory.com/attachme...9&d=1360247240
not euphoria follower
  • #755,428
  • Feb 7, 2013 8:40am Feb 7, 2013 8:40am
Quoting stevexyg


Yes when the big boys are unloading in a blind panic levels become almost meaningless, the sellers are not looking at levels - they are looking at the positions they need to unwind and unwind them they will. You cannot trust your silly 1M chart patterns when this is going on. If you want to gamble and go long use a tight stop. Anything else is suicide.
100%. TA is bullshit once sentiment changes. Fundamentals always win.
  • #755,429
  • Feb 7, 2013 8:40am Feb 7, 2013 8:40am
Luckily I closed my EJ and Eu Longs this Morning.
No more trades today and tomorrow. 26% gain in 4 Weeks is ok.

Good Luck everyone.

http://www.myfxbook.com/members/4xlex/4xlex/461187
  • #755,430
  • Feb 7, 2013 8:44am Feb 7, 2013 8:44am
Quoting ForExtraPips
long @ 1.3463
sl @ 1.3450
tp @ 1.3571
A good trader follows his rules, but great trader knows when to break them
  • #755,431
  • Feb 7, 2013 8:44am Feb 7, 2013 8:44am
Quoting Tadej89
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.
Nothing is random.. Don't believe they don't talk to each other. They do. A lot.. CB independence... BS.. The French were publicly bitching last week about the yuro.. Then the Germans, just to throw a curve ball said they can handle 1.45.. bull shit they can.. otherwise they wouldn't talk about it.. And so.. techs lined up with what the powers really want (insert fundie here), and I think we're looking at a trend change..

btw.. us data was shit.
  • #755,432
  • Feb 7, 2013 8:44am Feb 7, 2013 8:44am
Quoting stevexyg


Yes when the big boys are unloading in a blind panic levels become almost meaningless, the sellers are not looking at levels - they are looking at the positions they need to unwind and unwind them they will. You cannot trust your silly 1M chart patterns when this is going on. If you want to gamble and go long use a tight stop. Anything else is suicide.

So you are saying Longs won't make any money now You were asking who is now long, I am... My BE is @1.3456
  • #755,433
  • Feb 7, 2013 8:45am Feb 7, 2013 8:45am
Quoting tarrentino
100%. TA is bullshit once sentiment changes. Fundamentals always win.
ok but fundamental or not... never buy resistance or sell support!
according on fundamental, we buy support or sell resistance
so must know where are resistances and supports.
the only way for this is TA.
90% of traders use TA, indicators and prediction
  • #755,434
  • Feb 7, 2013 8:45am Feb 7, 2013 8:45am
Quoting tarrentino
100%. TA is bullshit once sentiment changes. Fundamentals always win.
yes it is, TA is only a tool to help predict the support n resistant. but everything has a rhytme my friend
Everything in the world has its own rhytms
  • #755,435
  • Feb 7, 2013 8:46am Feb 7, 2013 8:46am
Quoting _BBKing_
ok but fundamental or not... never buy resistance or sell support!
according on fundamental, we buy support or sell resistance
so must know where are resistances and supports.
the only way for this is TA.
said this.... IMO... nearest possible support is into 1.33 area.
what about 1.3360?
90% of traders use TA, indicators and prediction
  • #755,436
  • Feb 7, 2013 8:47am Feb 7, 2013 8:47am
Quoting tarrentino
100%. TA is bullshit once sentiment changes. Fundamentals always win.
Not true. What time frame are you using with your TA? There's support and resistance within support and resistance. Show me any levels on the monthly time frame that were blown away by this news. You can't.
Time turns trend. - W.D. Gann
  • #755,437
  • Feb 7, 2013 8:49am Feb 7, 2013 8:49am
Quoting vlady1974
There you go. Lower still. 432 looking probable.
Okay it's here now. I was long at the start of that move, -10 thank F$%*!
I'm standing aside to see if we get a piercing move to 408
A pip is only worth it if you know how much you risked to earn it
  • #755,438
  • Feb 7, 2013 8:50am Feb 7, 2013 8:50am

there .....buddy ?

Quoting _BBKing_
said this.... IMO... nearest possible support is into 1.33 area.
what about 1.3360?
not euphoria follower
  • #755,439
  • Feb 7, 2013 8:50am Feb 7, 2013 8:50am
Quoting math_GB
So you are saying Longs won't make any money now You were asking who is now long, I am... My BE is @1.3456
No I didn't say that did I. Not even close. Just let me know where your stop is so I can have a chuckle when it's hit.
  • #755,440
  • Feb 7, 2013 8:51am Feb 7, 2013 8:51am
Quoting _BBKing_
said this.... IMO... nearest possible support is into 1.33 area.
what about 1.3360?
3398
A pip is only worth it if you know how much you risked to earn it
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