FOREX PRO Weekly January 09-13, 2012

[Louis123321]

By the way if anyones giving out loans..........................

 

[Triantus Shango]

OH-OH! moment

guys, latest news is:


[h=1]Interesting Skuttlebutt On Ratings Agencies[/h]By Jamie Coleman || January 11, 2012 at 14:20 GMT
|| 0 comments || Add comment
The sharp decline from just above 1.2750 to a low of 1.2680 was ostensibly triggered by the Fitch comments that the ECB must do more to prevent a cataclysmic collapse of the euro. But a second, more nefarious school of thought has emerged: That word has leaked that France has gotten the 12-hour warning from S&P that it will be downgraded…
Gotta love this market. It can fill any gap in the imagination…
EUR/USD is consolidating in the 1.2705 area…



Source: Interesting skuttlebutt on ratings agencies | ForexLive

 

[Triantus Shango]

By the way if anyones giving out loans..........................

LOL margin call? i gotta be careful or i'll be riding the same ship pretty soon.

 

[Louis123321]

LOL margin call? i gotta be careful or i'll be riding the same ship pretty soon.

Not yet lol...... but put it this way.... lost 2/3 of my account today expecting market to go up. lol ... the least funny 'lol's i have ever written...... but Don' worry.. Be happy.. XD at least I still have my real job lol.

 

[Louis123321]

O M G I close my shorts and look what happens......... is GOD watching me !?

 

[Aldo Colombo]

O M G I close my shorts and look what happens......... is GOD watching me !?

When you're in this mood maybe you should step aside till you can think more clearly. You are lacking risk management too, 2/3 is 66% of your account, a bit more than 2% as recommended in the Forex Military School, isn't it.

 

[Triantus Shango]

tell me about it. the situation is fluid it's interesting how everything seems to say short BUT all key levels are still holding and market has touched but not taken out the previous low at 2666 (+/- 10 pips), long shadows on H1 as well, gartley 222 buy completed at 127.2 fib extension, and ichimoku gave a bearish signal but a weak one... all this leads me to assume that (hopefully i won't regret my words before the end of the US session) we are seeing short trend exhaustion and if gartley isn't invalidated or turn into a butterfly, we should see the shorts covering and a retest of the 38.2% level and pivot around 2812 or so. just hope it happens during the european session tomorrow because i am beat and need to sleep now. midnight here.

best of luck to all.

 

[Louis123321]

When you're in this mood maybe you should step aside till you can think more clearly. You are lacking risk management too, 2/3 is 66% of your account, a bit more than 2% as recommended in the Forex Military School, isn't it.

Tell me about it, shouldn't trade when you're tired.

All eyes on EURUSD Now, will it pass the 'point of no return'? I believe so, considering shorting before asian session.. Bouncing back up IMO is very unlikely now, momentum is so strong to the downside, it should leave a very wide field open for selling too if so.

 

[Aldo Colombo]

It becomes evident that 1,2666 will be taken unless news hit the wire, fakeout or breakout? target???

 

[linxtips]

Hi guys,

Is anybody watching the eur/aud, it seems to be leading the way, when it comes to eur weakness.
The pair went down 800 pips since 20th Dec.

SIVE: Would it be possible, that the big money is shorting eur against the aussie instead of usd?
Is is a nice carry trade at the moment, while on usd cross you lose on interest.

cheers,