Thread: Closed: Discuss EUR/USD News with a DailyFX Analyst

Originally Posted by cw1

anyone shorted at the 12375 level?

There we go ..

Spain Cut To AA Plus From AAA By Fitch

Thanx for clarity Sean

Originally Posted by Sean Hyman

No actually it's the opposite. If you think that the economic environment is stable to good...you invest in companies...if you think that things are bad, I assure you...that you don't run out and buy some stocks.

Originally Posted by Colly

Long position couldn't be stopped out with out the Shorts above it coming into profit.

Long stopped out with Bonus 30 pips.

Bea-U-Ti-Ful

Colly, what's next? I think I need to go for a run!

Any reassessed charts would help tremendously!

L

Originally Posted by Mat23

There we go ..

Spain Cut To AA Plus From AAA By Fitch

And here is always that to drive prices insane

Madaam B. You're a Spooky Dame! But I can't argue with your Prophecies. I love the Heck outta You.


LOL

Originally Posted by Sean Hyman

euro getting slammed over Fitch's downgrade of Spain from AAA to AA+. EUR/USD down about 70 pips moments afterwards!

YES SIR, i was short 12375....thinking to myself why did i place another short as it was just not going anywhere and fear of friday revesal/retracement....
Soon as i heard bloomberg release the spain news alert, i had to remove my target as quick as possible. That was just the stroke of luck that news feeds brings to us...Anyways ive closed it now. Money management and all that.....anyone else short at that entry level i was then very pleased fopr you too.
Oh and sean, your charts came in handy. nice one

Originally Posted by AyoBro

I like your style!!! I wish Money had stayed a tad longer in the short before bailing, dang. Price has hit the ascending trendline dead in the neck. I close below would be nice confirmation for shorts.

A-Yooooo

Oh my God !!

I was just reading his post when I heard the plonk to say my Stop on the Long was taken out which meant double whammy in my favour.

I instantly thought the very same thing about Nathaniel and felt for him.

Regarding your comment AyoBro, Thank you, I appreciate your support and your view and posts tremendously.

In my short time here I have come to respect with the greatest regard yours and Mr Stanchiam's input immeasurebly.

Thank you again,

Colly
----

Originally Posted by surreyhills

I shorted riskily at 1.23419 and just got out for 40 pips (chicken) - did you see that drop just now?

yes i did and you did wise to close and take profits. fridays are difficult to hold positions for long periods.

E/U is going down to point (1.22358-1.22102). S&P 500 is down to 1086.x - 1064.x which I posted into forum yesterday

Originally Posted by cw1

YES SIR, i was short 12375....thinking to myself why did i place another short as it was just not going anywhere and fear of friday revesal/retracement....
Soon as i heard bloomberg release the spain news alert, i had to remove my target as quick as possible. That was just the stroke of luck that news feeds brings to us...Anyways ive closed it now. Money management and all that.....anyone else short at that entry level i was then very pleased fopr you too.
Oh and sean, your charts came in handy. nice one

Yeah, not a lot of incentive to go in and buy euros after that. I agree...it's tanking pretty good right now. Gotta love it.
It turned a boring session into a decent one now. hehe!

Originally Posted by cw1

anyone shorted at the 12375 level?

That was awsm news. Closed all my shorts ... Was quite nervous cause we all know what will happen at end of the day as it is also end of the month ....

I hope you shorted. I was short from the previous pulse ....

Originally Posted by mechtech

WooHoo!!! Just made money.

soon you will be able to do that every day, if not already

Stopped out from my short early this morning on the spike to 1.2450. Thankfully I had enough foresight move my stop to slightly better than break even before heading to bed. No harm done. As expected trading is very choppy in light volume rendering indicators and technical analysis almost useless. I've lost way to much money in the past trading thin markets so I'm out until Tuesday.

Have a good weekend. See you guys next week.

The Southerner

Originally Posted by LDH

Colly, what's next? I think I need to go for a run!

Any reassessed charts would help tremendously!

L

Dear LDH,

My posts are untimely at the moment given the rapid movements.

My 1 and 5 min RSI's bottomed out in seconds and I closed my lowest short manually.

I have trailing stops on my higher ones.

My 10 minute RSI's suggest a lower low than that of 10mins previous.

My 1 hr RSI's suggest that I don't consider much today at least.

I am not yet convinced that B has been formed and wouldn't be surprised to see it retract 61.8% from the current base to todays high.

My mind is open and I shall do what I do and trade what I see, sharing promptly as I see fit and when I think that I am offering something of value to you all.

Best wishes and good luck,

Colly
----

Originally Posted by The Southerner

Stopped out from my short early this morning on the spike to 1.2450. Thankfully I had enough foresight move my stop to slightly better than break even before heading to bed. No harm done. As expected trading is very choppy in light volume rendering indicators and technical analysis almost useless. I've lost way to much money in the past trading thin markets so I'm out until Tuesday.

Have a good weekend. See you guys next week.

The Southerner

Yeah, when you combine it being a Friday after noon EST, a holiday weekend and then an unexpected downgrade happening all at once...that's huge! I agree.