Thread: GBP and JPY Pairs H1 2013

i fully concurr

also, this is the end of the month and end of 2nd quarter.
how will this affect the market?

EUR/USD June 29 - 2012


EUR/USD breaks its short term down trend as traders buy the Euro on the news that EU Leaders dropped a requirement that their governments get preferred-creditor status on crisis loans to Spain’s banks, relaxed conditions for possible aid to Italy and unveiled a $149 billion growth plan for the region’s economy.

The very short term trend is now bullish while the overall bias is flat since we got a reversal last week as we approached the 1.2730 level. Given the lack of a strong overall trend and the possibility that we get more news from the Euro zone I would be careful trading the Euro today.

In the very short term price will most likely give back some of its gains of the overnight rally and reach the 1.2525 area but as long as we trade above 1.2480 it’s likely that bullish traders will try to lift price to 1.2625 and possibly 1.2650. A drop under 1.2480 would turn the short term trend neutral.


If you have any questions about this scenario or anything else trading related feel free to write to me here on the forum.

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EUR/USD 60 min chart


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Originally Posted by EuroTraderApp

Hi Clivewaverider - why is it that most traders here give me the impression they are living hand-to-mouth and literally survive on a daily basis? It makes me mad to have such paltry ambitions (keep family fed etc). Go for the juggular, your goal should be to liquidate your broker..

This isn't an effin 9 to 5 job, and longer term, the goal IS to outwit the market, which in the longer term, does follow fundamentals.

Sick and tired of this defeatist attitude. Man up guys, kick the Euro's a$$.

Midas

p.s Clive - this rant aint directed towards you - just get the feeling its important to respect the market but not put it up on a pedestal or it will consume you.

Well, we all got to find our way EuroTraderApp; your motivations feel a bit more aggressive than mine and hope you can at least accomodate mine along the way.

All my wave riding is in the Purely thread and I think you will see that I have been riding them quite well . I don't know if that is kicking ass or not, but my goals are to keep my family fed and watered regardless of the extras that this wonderful sport provides; I can not see how what I said was defeatist in any way. I certainly do not want to liquidate my broker.

It feels to me that many on this forum are not earning their living trading as of yet and I am sure that those that are, remain here to try and help where they can. I'll go back to my thread now where life is a tad calmer!

had a couple of nice scalps from flag on 5min

Originally Posted by Alejandro Zambrano

EUR/USD June 29 - 2012


EUR/USD breaks its short term down trend as traders buy the Euro on the news that EU Leaders dropped a requirement that their governments get preferred-creditor status on crisis loans to Spain’s banks, relaxed conditions for possible aid to Italy and unveiled a $149 billion growth plan for the region’s economy.

The very short term trend is now bullish while the overall bias is flat since we got a reversal last week as we approached the 1.2730 level. Given the lack of a strong overall trend and the possibility that we get more news from the Euro zone I would be careful trading the Euro today.

In the very short term price will most likely give back some of its gains of the overnight rally and reach the 1.2525 area but as long as we trade above 1.2480 it’s likely that bullish traders will try to lift price to 1.2625 and possibly 1.2650. A drop under 1.2480 would turn the short term trend neutral.


If you have any questions about this scenario or anything else trading related feel free to write to me here on the forum.

What about your guys (JK) thingy on the front page toniight about EURUSD to 1.30 short-term?
Is no longer the case? Just askin... thx.
http://www.dailyfx.com/forex/fundame...mmit_News.html

Originally Posted by ericwong

I have recoup some of the paper loss and am still holding my short positions. So far so good although a very steep fall. I am challenging the market!

good - we want your money

Originally Posted by biggari

good - we want your money

haha - can i have yours too!

Originally Posted by ericwong

haha - can i have yours too!

you probably will - but i like to talk a good game

scalping



could develop into more, will see how it goes

i mean to post here instead of the other thread. will copy over..

Zoomed out Euro daily looks interesting here displaying a falling wedge type formation. So is this the start of a big move up over all? My 8 ball says try again later but oh well time will tell. On the zoomed in daily... if it can manage back over 2700 area, will consider start buying. GL all.

Originally Posted by biggari

you probably will - but i like to talk a good game

LOL!!!!!!!!!

Anybody else seeing a bull trap here??

Charts on the Purely thread.

Good luck everyone with the run into the weekend.

Originally Posted by Clivewaverider

Anybody else seeing a bull trap here??

Charts on the Purely thread.

Good luck everyone with the run into the weekend.

spx at TL res but may have a little higher to go to hit supply - then drop back down - euro may have seen todays high and i'm looking for ops to scalp to downside

(that should send it north!)

Originally Posted by root-minus

scalping



could develop into more, will see how it goes

added sell 1.25930