View Poll Results: What impact will the ECB Rate Decision have on the Euro?
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06-07-2010, 03:44 AM #37336
what were your reason for going long? hm.... seem a bit too late to ask isn't it? anyway hope it works out for you.
Originally Posted by esi2535
06-07-2010, 03:47 AM #37337
why target 1.2130? it may well get there, I just wonder if there is a technical reason. I see 120 as a 38.2% retrace of the drop from 1222, that would be an ideal wave 4 which fits in with Colly's five down. I'm looking for short entries, 12130 would be better than 120
Originally Posted by esi2535
Edit: ignore me, looking at a different interval i can see the support/resistance. thanks!
Last edited by heyjoe; 06-07-2010 at 03:51 AM.
06-07-2010, 04:16 AM #37338
how about maybe 1.1994 area
06-07-2010, 04:22 AM #37339
06-07-2010, 04:23 AM #37340
Euro sentiment is extreme
Although id agree with everyone Euro-zone is in trouble and alot of possible sovereign defaults looming ,I think as usual people are missing the bigger picture,ie that other areas of the world have as big a problems as Europe and these will surface in the near future.When everyone is one side of the boat you really want to be looking at going to the other side and although I think Euro probably has further to fall Id be looking for a capitulation around the 61.8 Fibonacci levels at 1.1250 as as a long term bottom.Personally it would not surprise me then for suddenly USA to run into trouble and possibly Japan and the attention to turn to them i mean California is a disaster waiting to happen and USA debt is far in excess of Europe.So sure stay with the trend but be careful as things to me look at an extreme and i still do remember when every tom ---- and harry was calling for Euro 2 to 1 when it was 1.6000.
good luck everyone.
06-07-2010, 06:28 AM #37341
Originally Posted by KUTERO
06-07-2010, 06:41 AM #37342
All stops now @breakeven
All stops now @breakeven ..now free trade to try to ride this long till >=12200
06-07-2010, 07:43 AM #37343
by the looks of it, there could be one more wave? im still short from 1.2243 1st lot, 1.2137 2nd lot, and waiting to see what happens before i place a 3rd lot.
06-07-2010, 08:05 AM #37344
Looks like potential 0.7900 EUR/GBP soon. .8000 should be smashed by end of play today or tomorrow latest. Once past 0.7900 there's no coming back up.
Last edited by Tigger; 06-07-2010 at 08:14 AM.
06-07-2010, 08:09 AM #37345
we still have not reached the fib 38.2 retrace and we still have not broken the short term up trend so if you want to place another short wait for a good confirmation of the blue trend line to be broken and wait at least till 382 fib or .50 to be reached before thinking of placing another short.
06-07-2010, 08:18 AM #37346
90 % of dat traders fail why is that ? somthing to maul on today .
06-07-2010, 08:28 AM #37347
at this point i would be hesitant to go short, but if we go to 1.215 area i will serously look at taking i mini. short .
06-07-2010, 08:37 AM #37348
Good Morning Fellow Earthicans!
Now look Billy Boy! The Markets at 1.19. Why don't You place an order at 1.1975. That's plenty of up direction from here and a good spot to get back in the game.
This She says as I'm securing the Homestead for the night.
Aw Heck! Why not?
So I'm back in at that price. Seems the overseas Brownies were up and at em last night, at least a little bounce.
Should I comment? I said I wouldn't anymore. Darn I must.
Let's take a look at the right side of the Chart. None of Us really know what direction it will go on the next tick. But then that's what trading is all about. Predicting the direction. So I can understand drawing these hypothetical arrows showing the direction. Still, I get a kick out of the Guys who draw multiple Arrows first up, then down, then up again. Or even the opposite order.
Madaam Babushka laughs, these men must have great powers. Even I can only see a litte way into the future. I must consult with them.
Be calm Dear lady. These Men are Elliot Wavers. A mysterious Sect from the West. They are in no way secretive in their findings. In fact on any day you will find many predictions. Hardly any in agreement.
So there ! I took My shot. Jokingly of course. You can fire when ready Gridly. I'm ready for the response.
Happy Trading Guys.
Last edited by bill2759; 06-07-2010 at 08:43 AM.
06-07-2010, 08:37 AM #37349
i think the closet we will get to that level is maybe 1.2118? we will have to wait and see.
Originally Posted by nopainnogain
06-07-2010, 09:33 AM #37350
Well another short closed too early!!!!!
shorted at 11980
closed T 11940
40 points cloesed just before us session. Price is still a litle low for me to risk shorting for too long. That said if price returns back up to the 11975 level i shall have another peek!!
Bill, that was a good short entry...my position literally just above yours when you came in...im out now, opening of us always gives me wet fish jitters!!
Take your profits or the market will take it from you....
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