Knew I should have scalped 1.2620 w/ stop at 2615, it was a psych level (previous yearly low before 1.228) + oversold on 1 min How come once lots of volume comes in, it doesn't slow down for a while? Just all of a sudden all the banks know that "its ...

EurAnalysis

Look like we finally got our E/U sell off. And on high volume too. Down to 1.2550!

EurAnalysis

Wow that was dumb. E/U short was the way to play this not E/J U/CAD is barely even moving from this recent euro sell off

EurAnalysis

My goodness this thread has become active. I like it Yen is relentless today. I really need to start paying attention to other pairs. Looks like the yen strength is finally over. Inverted H/S and perfect retest of old bear channel. Looking to ...

EurAnalysis

Yeah , ounces.. 1/10 of ounces, lol. Thing is I bought at $27 in early 2011. So I would be coming out break even from this, but if I can get 25% more silver before we finally get QE3, it's worth it. If I knew anything about markets and economics ...

EurAnalysis

Hell, 1.20 E/U could put us at $21 silver. Well, maybe not, as we only got to 26.75 with E/U at 1.228. If it hits $21 I'll be buying a ton, as its the previous high from 2008 and a huge breakout level. I keep a part of my trade cash in physical ...

EurAnalysis

Okay just making sure. No wonder this area is so tough to get through.

EurAnalysis

So essentially metals are telling us E/U is about to fall off a cliff? Again?

EurAnalysis

I don't understand how we are seeing so much metals weakness with all this dollar weakness as well. Look at silver... its at the same levels it was at when E/U was at 1.235/1.24 Edit: anyone else have monthly pivot for E/U at 1.265 area?

EurAnalysis

Very strange action lately

EurAnalysis

Great advice. and I feel like PT reads every post

EurAnalysis

Ha! that is priceless

EurAnalysis

The flag is longer than the pole. As soon as the wind stops blowing, flag falls to the ground. Big players probably want that option at 1.2810, as it would be very high risk/reward. Or has it expired? I don't know anything about options.

EurAnalysis

Hes a good trader... and I'm sure he knows what a bull flag is. we also have inverted h/s forming on 5m, but so far there is little volume willing to take it higher, maybe NY will Just don't say it in such a condescending way, that's my only point. ...

EurAnalysis

Where has all the respect gone in this thread??

EurAnalysis

Looks like potentially another bullish day. Just based off inverted h/s and lack of volume at resistance areas. Add: here comes some now but potentially just to form inverted h/s

EurAnalysis

Haha!! Would put my account back where it started this week But I know where your s/l is placed

EurAnalysis

U/C holding strong even with dollar weakness. Quite happy about this trade so far. It was 2:1 leverage and I took half off at 1.0211 making it 1:1. The rest I will piggy back as PT does (will close when he closes)

EurAnalysis

To the OP, in short, it's not worth it to attempt to make trades where you only get the spread back, in order to get the bonus. You will make much more off of a 5 pip scalp gain than you would off of the bonus of 10 break even scalps + rebate. I get ...

I need to trade 200 lots to reach bonus

It's not churning if you can consistently make at least 1 or 2 pips on a "rebate scalp" It's churning if you know there is not a good chance of making a profit and you just try and make the spread back. If you think before making the trade, that 5 ...

I need to trade 200 lots to reach bonus