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- Pipsforall replied Oct 13, 2011
Slovaks pass the bailout fund, so, does the market continue to move higher, or take the hot news flash, toss it in the trash, and continue moving down.
EURUSD
- Pipsforall replied Oct 13, 2011
Chatter of a UK downgrade today, could really kill the risk trade if it comes to fruition, holding my shorts until a clear break of 1.38 anyways.
EURUSD
- Pipsforall replied Oct 13, 2011
I gotta think based on the huge corrective rally off the low without much of a retrace, the fact the S&P hit major topside resistance yesterday after popping a year's worth of a move in little over a week, the fact that US earnings are disappointing ...
EURUSD
- Pipsforall replied Oct 13, 2011
Since when do fundamentals matter? Alcoa badly misses extremely lowered earnings estimates, showing the global economy continues to slow down, earnings from US companies continues to come in for the majority flat or missing expectations, Chinese ...
EURUSD
- Pipsforall replied Oct 12, 2011
You just can't stay up 24 hours, nothing beats the feeling of waking up and missing a major stop loss spike. lol Not saying we won't go higher, but you can be sure that the major players were salivating for weeks at all those stop losses that were ...
EURUSD
- Pipsforall replied Oct 11, 2011
I'm short too, Alcoa numbers were horrendous, the consensus estimate was .37 just 3 weeks ago, they made .15. That can't be good for the risk trade.
EURUSD
- Pipsforall replied Oct 11, 2011
Alcoa earnings out, .15 misses lowered consensus number of .22, says missed because of weakness out of Europe, but upped China numbers for next quarter, how will the Euro react. lol
EURUSD
- Pipsforall replied Oct 6, 2011
Thanks, like you're gap advice, I'll go a head and file that away. lol But, its obvious that a ton of traders trade MA crosses, as the lower time frame moves closer to a higher time frame MA, all those MA traders pile in, its why price stalls at the ...
EURUSD
- Pipsforall replied Oct 6, 2011
I think the market is just waiting for some lower time moving averages to catch up to the 200 ema on the 1 hr, think once we get a cross there, its off to the races again.
EURUSD
- Pipsforall replied Oct 6, 2011
Breaking over the 200 ema on the 1 hr, and breaking out of a bullish flag.
EURUSD
- Pipsforall replied Oct 6, 2011
I agree, corrective to the 1.36 to 1.37 and maybe 1.38 area. Then the true trend will define itself, I still think it will be bearish.
EURUSD
- Pipsforall replied Oct 6, 2011
With my broker, it closes at noon, and its going to be a big, big bullish outside bar.
EURUSD
- Pipsforall replied Oct 6, 2011
Huge 4 Hr bullish outside bar forming, encompassing the last 11 4 hr bars.
EURUSD
- Pipsforall replied Oct 6, 2011
The big fish has already spoken, and he delivered what the market wanted. I'm looking for 1.36 to 1.37, but wouldn't be surprised to see 1.38 before the downtrend continues. Just my honest opinion, which with a $1.95 USD can buy you a grande coffee ...
EURUSD
- Pipsforall replied Oct 6, 2011
I'm in a longer term trade, looking to get out at 1.3625 to 1.37 on my longs, but for short term goals, could be. But, I think the near term trend is up, so I would be wary of any big short positions. But, if I knew what I was doing, I would be ...
EURUSD
- Pipsforall replied Oct 6, 2011
Who knows what will happen, but, no rate cut and big liquidity I think bodes well for the euro and risk-on trade in the near term, but if I knew what I was doing I would be retired already. lol
EURUSD
- Pipsforall replied Oct 6, 2011
If ECB announces a liquidity package, I expect a reversal in the Euro today.
EURUSD
- Pipsforall replied Oct 6, 2011
Not much of a move so far, most of the sell-off came prior to the ECB news.
EURUSD
- Pipsforall replied Oct 4, 2011
Looks as though the Italian downgrade killed risk tonight. Still early, but the futures are down and the asian markets are slightly down, flat or slightly higher, not the huge moves I expected after the New York close.
EURUSD