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  • #896,961
  • Edited 10:01am May 12, 2014 9:29am | Edited 10:01am
Quoting egkid
Market still close
Nerve-wracking wait. If I had to make a living on this I would be ruined. Time to go back to the stock markets in May before the gains go away.
Goldman is saying that EU should weaken further to justify QE, while Fitch affirms that Europe economy outlook is stable. In the meantime, Ukraine is losing control of itself...so Putin is not to be blamed this time.
  • #896,962
  • May 12, 2014 9:30am May 12, 2014 9:30am
Quoting JohnIsShort
The headlines that will send Euro higher already came out. We are set up to to see a delay reaction though.
What headlines?
  • #896,963
  • May 12, 2014 9:35am May 12, 2014 9:35am
Quoting Nan-ook
{quote} What headlines?
- ECB's Draghi's wording about being "comfortable to act next time" was not agreed upon by governing council - German press
  • #896,964
  • May 12, 2014 9:37am May 12, 2014 9:37am
it seems bearish atm,, so if we drop near 3743. i have a pending Long with a small stop. and if right, will use 1/2 gains to amplify a short later.
those who can, do. those who cant, talk about those who can
  • #896,965
  • May 12, 2014 9:38am May 12, 2014 9:38am
- ECB's Nowotny says too early to speculate over June action, if ECB acts just cutting benchmark may not be enough

Market focused on the rate-cut not being enough, infering credit easing measures. Although there is content there for a bullish euro view as well.
  • #896,966
  • May 12, 2014 9:42am May 12, 2014 9:42am
Quoting gatorinla
it seems bearish atm,, so if we drop near 3743. i have a pending Long with a small stop. and if right, will use 1/2 gains to amplify a short later.
Draghi will not cut interest rates next month imao ....most likely he will defend his stocks, he is just buying time from the fed side.
  • #896,967
  • May 12, 2014 9:44am May 12, 2014 9:44am
Quoting tankokjian
{quote} Draghi will not cut interest rates next month imao ....most likely he will defend his stocks, he is just buying time from the fed side.
i am trading in both bearish and bullish view. most times when bears and bulls want the same thing, they get it.
those who can, do. those who cant, talk about those who can
  • #896,968
  • May 12, 2014 9:47am May 12, 2014 9:47am
Long to 1.3839.
Life is too short to have anything but delusional notions about yourself.
  • #896,969
  • May 12, 2014 9:48am May 12, 2014 9:48am
GBP important inflation forecast data from BoE will come out wednesday. But all GBP is leaked in advance so tomorrow and next-day GBP/USD will price in the leaked report, pay attention.
  • #896,970
  • May 12, 2014 10:03am May 12, 2014 10:03am
EU M5

Attached Image (click to enlarge)
Click to Enlarge Name: EU M5 Dustbin.png Size: 21 KB
  • #896,971
  • May 12, 2014 10:11am May 12, 2014 10:11am
Quoting ffleo
{quote} Your equity curve shows that you have to believe in past support and resistance and you just cannot throw them out of window. The following capture is your equity curve. See how support and resistance work nicely? Pay attention to the support and resistance line. Also pay attention to the double top pattern. If you paid attention to the double top, you would have avoided the breaking of the support and the following tanking of your money. Do you want to throw away past support and resistance levels again? {image}
Past performance doesn't in anyway guarantee future results. Focusing on support and resistance ( in this case looking at my equity curve) in no way would give you a hint as to what is to come. What is displayed as support/resistance on my equity curve should be observed as the actual trades. Why were they placed, etc. Just as what I've mentioned today about "daily pivots" Those daily pivots is what creates the support and resistance you will look at days, weeks, and months from now. Those spikes, you see now on your charts as support and resistance, were run ups/ run downs based on PR news! Nothing more. Look at our movement today. Market has been a complete dud due to what reason? Has nothing to do with support nor resistance. Support ad resistance is as subjective as the color of Jesus.
Keep your Pip-drawdown low. That is the key to using high equity + high lev
  • #896,972
  • May 12, 2014 10:30am May 12, 2014 10:30am
Quoting JimmyC
EU M5 {image}
dustbin levels ... 3753
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm5.png Size: 87 KB
  • #896,973
  • May 12, 2014 10:36am May 12, 2014 10:36am
Hi guys
Lot of new traders here.

Sometimes I use Guppy to get a feel how price behaves.
daily, 4h ,h1 are all Bearish. Daily which is key chart to me Price clearly broke slowest MA.On H1 price failed to break fast moving averages on bull side suggesting clearly there is no real bull sentiment..
To me this signals moves south have not run out of steam hence still shorts are open.
Regards
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd.daily.png Size: 46 KB
Click to Enlarge Name: eurusd.h1.png Size: 39 KB
Click to Enlarge Name: eurusd.h4.png Size: 41 KB
In trading, you have to be defensive and aggressive at the same time
  • #896,974
  • May 12, 2014 10:46am May 12, 2014 10:46am
Quoting AllyB
{quote} dustbin levels ... 3753 {image}
Tx Ally!
  • #896,975
  • May 12, 2014 10:50am May 12, 2014 10:50am
Quoting ScalpLikeMe
{quote} Past performance doesn't in anyway guarantee future results. Focusing on support and resistance ( in this case looking at my equity curve) in no way would give you a hint as to what is to come. What is displayed as support/resistance on my equity curve should be observed as the actual trades. Why were they placed, etc. Just as what I've mentioned today about "daily pivots" Those daily pivots is what creates the support and resistance you will look at days, weeks, and months from now. Those spikes, you see now on your charts as support and...
Hi
Not trying to disrespect you but clearly you should not advise about trading to anyone.
You have been holding on to losing trades since selling EU 1.27+?? Thousands of pips in red.Clearly you have trading issues perhaps biggest unable to close a losing trade.I suggest you work on them.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 9 KB
In trading, you have to be defensive and aggressive at the same time
  • #896,976
  • May 12, 2014 10:51am May 12, 2014 10:51am
EU not worth for scalping too. CYTom
  • #896,977
  • May 12, 2014 10:55am May 12, 2014 10:55am
Howzit EU,


Dollar Index $DXY @ 79,94

Technically overbought with -ve divergence, suggesting something of a pullback is due, the obvious question is given the overall picture of a weakening dollar and Mario threatening to loosen policy further... Does the EU continue bearish? Or does the on going $DX weakness push further EU strength. Was he just talking or is he really going to adjust policy.

He didn't change policy, he said he might... No change in trend unless change in policy

That GS doji is interresting
Attached Image (click to enlarge)
Click to Enlarge Name: DX 1H.png Size: 20 KB
  • #896,978
  • May 12, 2014 10:55am May 12, 2014 10:55am
Quoting JimmyC
{quote} Tx Ally!
I didn't trade them and with a daily range of only 25 it would have been hard to miss where the levels should be
  • #896,979
  • May 12, 2014 10:57am May 12, 2014 10:57am
When short at 1,3762.
  • #896,980
  • May 12, 2014 11:01am May 12, 2014 11:01am
Quoting AllyB
{quote} dustbin levels ... 3753 {image}

The Queen is back
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