Target?
or scalp?
- #11,803
- May 7, 2014 11:51am May 7, 2014 11:51am
- Joined Jun 2013 | Status: Poor Man | 1,085 Posts
The good thing with the future is that it is progressively approaching...
- #11,805
- May 7, 2014 1:24pm May 7, 2014 1:24pm
- Joined Jun 2013 | Status: Poor Man | 1,085 Posts
The good thing with the future is that it is progressively approaching...
- #11,807
- May 7, 2014 3:46pm May 7, 2014 3:46pm
{quote} Hi As you do,I don't see the value or feel comfortable shorting EC I will be going long around the 1.21 area if we ever see it maybe even 1.21300. what really bothers me with this pair is before Ukraine started up it was heading down even with a better outlook for the euro as I said before the selling pressure is relentless. As we know it follows usd/chf so if the ECB do something to weaken the euro either this month or next will the EC jump up or will it hang around at these levels
I think the market is betting on a bad ECB action that will raise UC and EC. EC will move 1.2180-90 until tomorrow's ECB.
In the bigger picture, bears found at 1.2210s and 1.2230s, bulls found at 1.2150s(not sure if it will hold after this too much support 1.2160s), and 1.21-1.2110s.
Am waiting for that moment to start super heavy longing.
The funny part comes when bulls like me and you stopped dreaming of longing 1.22-1.23 and thinking of 1.2110s. It will be a shame if EC goes above 1.22 from now on after it was ridiculously breaking 1.22 down when everything showed it started to build a bullish momentum, and bulls started positioning their orders depending on that, and NFP movement was the really worst scenario, that is like a repeated trap
Finally, it is worth waiting for 1.21-1.2110s, and hopefully it stays there and lower for some months, that will be the real gain for bulls like it had moved bt. 1.2000s- 1.21 for many months
Trade according to current market condition, not what you think would be.
- #11,808
- Edited 5:46am May 8, 2014 2:47am | Edited 5:46am
- | Joined Oct 2011 | Status: Trader | 1,247 Posts
Still no inflation in switzerland maybe the SNB need to do more 
@ J.Clinton dont worry i think you will get your price for your super heavy longs
@ J.Clinton dont worry i think you will get your price for your super heavy longs
- #11,809
- May 9, 2014 6:42am May 9, 2014 6:42am
- | Joined Oct 2011 | Status: Trader | 1,247 Posts
Still no inflation in switzerland maybe the SNB need to do more
Same old story if usd/chf is going up and eur/usd is going down eur/chf goes down
If eur/usd is going up and usd/chf is going down eur/chf goes down hahaha
America gets in and sells and with it being a friday i suppose its gonna get hammered this afternoon
pls drag it down to 2150 region, waiting to buy from u there.
- #11,816
- May 12, 2014 1:47pm May 12, 2014 1:47pm
Stopped trading this BS from last time it held again at 1.2160s, badly waited for 1.2150 or 1.21-1.2110s that had not come. It might go to 1.2230s and a bullish formation from 1.2220 would be a signal of much powerful up movement. Shorts are risky now, will not trade before a comeback down to start longing.
Enjoying trading other pairs, much more pips and excitement
Enjoying trading other pairs, much more pips
and excitement Trade according to current market condition, not what you think would be.
- #11,817
- May 12, 2014 2:22pm May 12, 2014 2:22pm
Stopped trading this BS from last time it held again at 1.2160s, badly waited for 1.2150 or 1.21-1.2110s that had not come. It might go to 1.2230s and a bullish formation from 1.2220 would be a signal of much powerful up movement. Shorts are risky now, will not trade before a comeback down to start longing. Enjoying trading other pairs, much more pips
- #11,818
- May 12, 2014 4:01pm May 12, 2014 4:01pm
{quote} thats the reason why i usually like to start longing from 2175 region, cos sometimes u really cant be sure if it will drop further , lastime i bought at 2175 and took a further buy at 2165 as it dropped further on ukraine crises.
Now, everything showing it's good to long around 1.22 but who have the guts or can trust that it will not drop again to 1.2160s in one or two days coming
It's true that you can't be really sure if it will drop further but when every damn thing from fundamental to technical to even political(Ukraine crisis non stopping) to after NFP drop showed it really can drop to 1.21-1.2110s but it preferred for unknown reason to hold on 1.2160s and climb up again that pissed me off really!!!
When she learns to behave again, will give her the chance of banging her again
Trade according to current market condition, not what you think would be.
- #11,819
- May 13, 2014 2:47am May 13, 2014 2:47am
- | Joined Oct 2011 | Status: Trader | 1,247 Posts
{quote} Dude, honestly stopped understanding how EC BS moves recently, and the NFP stupid drop after the spike up 1.22 that showed positioning from this level could be good was the last bullet for trading EC in the time being. Other pairs are understandable even if it moves in one direction of 100-200 pip, but EC recent movement is really crazy, no basics no momentum nothing to base on your trading and my trading style is not long or short and forget just because it's just 150-200 pip from the peg. I trade according to both fundamental and technical,...
Yep no rhyme or reason to it thats for sure
