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  • #814,881
  • Jul 12, 2013 7:07am Jul 12, 2013 7:07am
I think the daily pull back will be from 3250. It needs to go below 1.3 first.
  • #814,882
  • Jul 12, 2013 7:12am Jul 12, 2013 7:12am
Quoting attila
I think the daily pull back will be from 3250. It needs to go below 1.3 first.
not below 1.2750 though
Even the worst trade can close with profit. Just give it time.
  • #814,883
  • Jul 12, 2013 7:14am Jul 12, 2013 7:14am
Quoting John Gray
{quote} not below 1.2750 though
I'm not looking that low.
  • #814,884
  • Jul 12, 2013 7:17am Jul 12, 2013 7:17am
EUR/USD still respecting the triangle pattern (that Gray posted earlier), wherever the breakout goes, it'll probably be violent considering the news. Remember; these types of breakouts have a tenancy to whipsaw. The 1.3 psy support below the triangle increases this chance should the breakout be bearish. This is gonna be a fun one to trade
  • #814,885
  • Jul 12, 2013 7:18am Jul 12, 2013 7:18am
and of course- I have to poop 10 mins before news.
  • #814,886
  • Jul 12, 2013 7:19am Jul 12, 2013 7:19am
Quoting Pharm0r
EUR/USD still respecting the triangle pattern, wherever the breakout goes, it'll probably be violent considering the news. Remember; these types of breakouts have a tenancy to whipsaw. The 1.3 psy support below the triangle increases this chance should the breakout be bearish. This is gonna be a fun one to trade
Yes.. Whatever it is it'll be scary. will enter both long and short position at 12:28
Even the worst trade can close with profit. Just give it time.
  • #814,887
  • Jul 12, 2013 7:22am Jul 12, 2013 7:22am
I don't really like a long from under 1.3 because the long candles didn't allow for a short target from the high.. so I might wait for 3250 if it gets there to short the daily retrace.. So I'm not sure at this point tbh.
  • #814,888
  • Jul 12, 2013 7:23am Jul 12, 2013 7:23am
Anyone get that?
Attached Image
Even the worst trade can close with profit. Just give it time.
  • #814,889
  • Jul 12, 2013 7:24am Jul 12, 2013 7:24am
Quoting attila
I think the daily pull back will be from 3250. It needs to go below 1.3 first.
peace and pips be upon all of u
not trading but eying 2985 maybe before heading up
better be not enough salt than too much salt
  • #814,890
  • Jul 12, 2013 7:25am Jul 12, 2013 7:25am
Well I think we'll see american buying euro for the 3rd time in a row...this is getting boring.
  • #814,891
  • Jul 12, 2013 7:29am Jul 12, 2013 7:29am
Quoting John Gray
Anyone get that? {image}
Yes, but why are you on the M1 anyway?
  • #814,892
  • Jul 12, 2013 7:32am Jul 12, 2013 7:32am
Quoting Pharm0r
{quote} Yes, but why are you on the M1 anyway?
Probably scalpers hell/paradise//// Well, more hell than paradise
  • #814,893
  • Jul 12, 2013 7:34am Jul 12, 2013 7:34am
PPI actual was 0.8% , forecast was 0.5% . actual > forecast so why there was not short on eur/usd?
  • #814,894
  • Jul 12, 2013 7:35am Jul 12, 2013 7:35am
M1 is the wild wild west. I scalp M5, it's more sophisticated. hahaha

Could we be waiting for Consumer sentiment? or are all the buyers exhausted from yesterday? Still a coiled spring...
  • #814,895
  • Jul 12, 2013 7:35am Jul 12, 2013 7:35am
That move did absolutely a lot of not much... this move was likely already accounted for in some way.
OR is that we caught a rocket the other day
  • #814,896
  • Jul 12, 2013 7:37am Jul 12, 2013 7:37am
Quoting ferinacci
PPI actual was 0.8% , forecast was 0.5% . actual > forecast so why there was not short on eur/usd?
Big money played their hand yesterday, but that doesnt mean retail doesnt want some of the action today. Hold your horses, there is above average chance for a breakout today.
  • #814,897
  • Jul 12, 2013 7:39am Jul 12, 2013 7:39am
Quoting gatorinla
http://www.youtube.com/watch?v=ig4fUOBwsbU {image}
moved 600 now
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.hh.PNG Size: 31 KB
those who can, do. those who cant, talk about those who can
  • #814,898
  • Jul 12, 2013 7:42am Jul 12, 2013 7:42am
Quoting Pharm0r
{quote} Yes, but why are you on the M1 anyway?
I usually scalp M5 as well.

More planning now for next week no massive spike..
Even the worst trade can close with profit. Just give it time.
  • #814,899
  • Jul 12, 2013 7:42am Jul 12, 2013 7:42am
Quoting gatorinla
{quote} moved 600 now {image}
Unbelieveable, 600 pips move in a few days and still going strong.....
The true fact is market doesn't care, risk mgt is important.
  • #814,900
  • Jul 12, 2013 7:45am Jul 12, 2013 7:45am
Quoting gatorinla
{quote} moved 600 now {image}
I absolutely hate that trade.
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