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EURUSD

  • #938,601
  • Nov 25, 2014 6:47am Nov 25, 2014 6:47am
Quoting PayTheLimit
lol

P!
Hero calls followed by margin calls...
  • #938,602
  • Nov 25, 2014 6:48am Nov 25, 2014 6:48am
Quoting eggs
Anyone have an idea as to why US Dollar is getting dumped at NY open?

NY open?...

Attached Image
Hero calls followed by margin calls...
  • #938,603
  • Nov 25, 2014 6:48am Nov 25, 2014 6:48am
Quoting fxtradeabi
Wtf why is it spiking now
ask phanti he is a helpful guy
  • #938,604
  • Nov 25, 2014 6:48am Nov 25, 2014 6:48am
Quoting eggs
Anyone have an idea as to why US Dollar is getting dumped at NY open?
The classical rug pull trap. Just another proof that technical reasons for profit taking always take precedence over fundamentals short term (and nobody can really predict long term) and that markets are just a technical strategy game like poker.
"To the busy day / To the idle play"
  • #938,605
  • Nov 25, 2014 6:49am Nov 25, 2014 6:49am
Almost hitting daily resistance at 1.24690?
  • #938,606
  • Nov 25, 2014 6:50am Nov 25, 2014 6:50am
Quoting fxtradeabi
Wtf why is it spiking now
There are lot of names for this

  1. Pump and dump, Tyrant words
  2. Fake spike
  3. Bull trap

  • #938,607
  • Nov 25, 2014 6:51am Nov 25, 2014 6:51am
Quoting PhAnTi'
{image}

cm on..

Attached Image (click to enlarge)
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Hero calls followed by margin calls...
  • #938,608
  • Nov 25, 2014 6:51am Nov 25, 2014 6:51am
whos tanking the usd?? this is just weird!!
  • #938,609
  • Nov 25, 2014 6:52am Nov 25, 2014 6:52am
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Quoting PhAnTi'
{quote} NY open?... {image}
Yes my friend... This is known as NY open... 9:30 Eastern Standard.
  • #938,610
  • Nov 25, 2014 6:52am Nov 25, 2014 6:52am
Quoting chazzle
cable still buoyant at this level - prob see 157s again GU M5 {image}
Better late than never ...
  • #938,611
  • Nov 25, 2014 6:53am Nov 25, 2014 6:53am
Quoting gatorinla
{quote} the same here. but probably the other way. 2473 has/had a limited amount of crosses as 2383 should. the week closed below both. normally i do expect one more shot at 2467/73 (possibly 2) but the closes are on another page. as time goes on 2383 is a big #,, (2213 also) {quote}
getting close.. some R at 2480.. i will be looking 2467/73 +
Inserted Video
those who can, do. those who cant, talk about those who can
  • #938,612
  • Nov 25, 2014 6:54am Nov 25, 2014 6:54am
Quoting eggs
{quote} Yes my friend... This is known as NY open... 9:30 Eastern Standard.

2 hours ago..
Hero calls followed by margin calls...
  • #938,613
  • Nov 25, 2014 6:54am Nov 25, 2014 6:54am
Whatever it is that is going on have to say I don't like it..... in trades on USD JPY and EUR USD both moved nicely with the news initially that is...... so figured I would leave them instead of taking profit as both had a little further to move to hit targets....... and well lets just say now overall I am in the red not the green..... with a little luck they will resume in a way that makes more sense soon but it does look as though big money is manipulating a bit to me.....
  • #938,614
  • Nov 25, 2014 6:54am Nov 25, 2014 6:54am
Quoting gatorinla
{quote} getting close.. some R at 2480.. i will be looking 2467/73 +

G, adding short then again for new LL or whats your line?

Best,
JB
Hero calls followed by margin calls...
  • #938,615
  • Nov 25, 2014 6:55am Nov 25, 2014 6:55am
Quoting Magicmen
{quote} There are lot of names for this Pump and dump, Tyrant words Fake spike Bull trap
Wouldn't be surprised if this suddenly turned into a bull trap and sold off, cause it's a clear wide range on H1 and H4 and this may be just a vacuum move to some strong mid-range resistance. Volume is not huge in this rally by the way. But I will not short today, maybe tomorrow.
"To the busy day / To the idle play"
  • #938,616
  • Nov 25, 2014 6:55am Nov 25, 2014 6:55am
Quoting Magicmen
{quote} There are lot of names for this Pump and dump, Tyrant words Fake spike Bull trap
I'd lean more towards a mix of pump and dump & a bounce before further movement down. Like I said, both the major banks/institutions as well as professional retail traders are still bearish on this pair until at least 1.2200 (or 1.2000 depending on who you ask).

The only question is how many shorts should we consider as the price continues to bounce; overextending your margins on profitable trades=worst thing you can do. It means you're risking your account on what should've been free money.

But honestly, don't keep your hopes up for a change in trend. Trend is still bearish and will be bearish for mid term.

Still, if you're complaining about "doing bad" because a few dozen pips didn't move your way, it means you're risking too much. As honestly, continuously risking more than 5% of your account is asking for trouble, unless you have good reasons for doing so. Which you don't in the current state of things for the EUR/USD.
  • #938,617
  • Nov 25, 2014 6:56am Nov 25, 2014 6:56am
Quoting Magicmen
{quote} There are lot of names for this Pump and dump, Tyrant words Fake spike Bull trap
yea and its non of these this move will last for days
  • #938,618
  • Nov 25, 2014 6:57am Nov 25, 2014 6:57am
Possible short setup towards 1.23??​
When Scalpers win, I lose and Vice varsa...
  • #938,619
  • Nov 25, 2014 6:58am Nov 25, 2014 6:58am
looking at around 2491. any comment?
  • #938,620
  • Nov 25, 2014 6:59am Nov 25, 2014 6:59am
Looks like Consumer Confidence will be bad...
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