ignore wackos and psychos, including myself. But I can't add myself to iggy
- #901,241
- May 28, 2014 10:03am May 28, 2014 10:03am
- | Membership Revoked | Joined May 2013 | 7,946 Posts
{quote} Noticed Cos 3520 is cool number ahead of the even cooler number where it's likely to reverse , but we wouldnt like to miss the run up .
Visit my Drumming & Percussion Blog - DrumsCult com
Awesome!
- #901,245
- May 28, 2014 10:16am May 28, 2014 10:16am
- | Joined Jan 2010 | Status: Trader | 1,638 Posts
{quote} divergence indicator.. plus.. a simple moving average cross...maybe can tell thatProbably a bullish pin bar it will form on h1 candle..
- #901,246
- May 28, 2014 10:17am May 28, 2014 10:17am
- Joined Jun 2013 | Status: Trader by hobby not by profession | 7,111 Posts
- #901,249
- May 28, 2014 10:43am May 28, 2014 10:43am
- Joined Feb 2011 | Status: building a shortfolio | 2,418 Posts
Twitter: @TrendersGame
- #901,251
- May 28, 2014 10:47am May 28, 2014 10:47am
- Joined Feb 2011 | Status: building a shortfolio | 2,418 Posts
Twitter: @TrendersGame
- #901,253
- May 28, 2014 11:24am May 28, 2014 11:24am
- | Joined Aug 2009 | Status: Membership Revokеd | 4,396 Posts
You cannot learn better without losing
- #901,254
- May 28, 2014 11:29am May 28, 2014 11:29am
- | Joined Apr 2010 | Status: Trader | 1,488 Posts
This slow fall of the eur makes me think we could see a rise in June.
Would fit my timing
But this is just an assumption.
Would fit my timing
But this is just an assumption.
This slow fall of the eur makes me think we could see a rise in June. Would fit my timing
Been a while for me to comment on this pair since its been in a SLOW moving melt down... we know this market is based on speculation and due to the comments made by the ECB we have been watching this unfold within the rate. Classic case of sell the rumor- but when will we start buying the facts?
I think that we will range between 1.3550 and 1.3630 till the ECB decision and i also think that the ECB really have no alternative but to EASE and flood the markets with euros to stimulate growth, for those who live within the EU know that to be true and with recent EU polls, there is clearly a sig that the people have had enough of these so called austerity measures.
Now we could see a whip saw event IF and when this may occur, as most will Short once the ECB mention easing ad this is where we may see the rate rise considerably before falling too new lows.
What will be interesting thereafter is how the FED will approach all of this too, I in particular believe that the US will not cease in FULL their QE program but will come a time where they actually increase it again.
I have positions long in this pair of which of course are underwater and about to get drowned if 1.3550 is taken out, but if we do manage 1.3788 before hand ill be ok. Of course my risk in these trades are measured at 1.5% max risk, and as i have stated i have been trading other asset classes basically hedging my underwater position, so not all lost if these shorts drown.
As always time will tell and i wish everybody here green pips!
I think that we will range between 1.3550 and 1.3630 till the ECB decision and i also think that the ECB really have no alternative but to EASE and flood the markets with euros to stimulate growth, for those who live within the EU know that to be true and with recent EU polls, there is clearly a sig that the people have had enough of these so called austerity measures.
Now we could see a whip saw event IF and when this may occur, as most will Short once the ECB mention easing ad this is where we may see the rate rise considerably before falling too new lows.
What will be interesting thereafter is how the FED will approach all of this too, I in particular believe that the US will not cease in FULL their QE program but will come a time where they actually increase it again.
I have positions long in this pair of which of course are underwater and about to get drowned if 1.3550 is taken out, but if we do manage 1.3788
before hand ill be ok. Of course my risk in these trades are measured at 1.5% max risk, and as i have stated i have been trading other asset classes basically hedging my underwater position, so not all lost if these shorts drown.As always time will tell and i wish everybody here green pips!
Cheers!!
{quote} Slow fall? It's dropped over 400 pips this month, 4 straight down weeks. Not that slow considering overall volatility. From a daytrading perspective this capitulation
Ever thought about how much money you could earn wagering against yourself?