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FOREX PRO Weekly July 16-20, 2012

Discussion in 'Sive Morten- Currencies, Gold, Bitcoin Daily Video' started by Sive Morten, Jul 14, 2012.

  1. Louis123321

    Louis123321 Corporal

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    I don't think this single news release should sustain as the recent rebound up failed miserably, the market correcting itself soonish seems logical to me, to the downside.
     
  2. minimax

    minimax 2nd Lieutenant

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    what news? I see no news
     
  3. Louis123321

    Louis123321 Corporal

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    This upward spike is purely from the US retail sales news report.

    released figure: -0.5%
    forecast: 0.1%
    previous: -0.2%

    8:30am USD

    Core Retail Sales report also:

    released figure: -0.4%
    forecast: 0.1%
    previous: -0.4%
     
  4. minimax

    minimax 2nd Lieutenant

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    uh, sorry, I had Sunday on
     
  5. D.R.&Quinch

    D.R.&Quinch Sergeant

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    its still going up, was hoping for a turnaround by now
     
  6. Louis123321

    Louis123321 Corporal

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    Very interesting how a slightly average to negative report coming out of US can push aside the multi euro country crisis which is still very real & not changing, which is why I don't think it will change much. Market will go down eventually, over the next few days, even if it will now be pushed to the 1.2330 resistance. I still see a chance for market to erase this line and correct itself to the downside today, and will not be closing my short shorts!
     
  7. D.R.&Quinch

    D.R.&Quinch Sergeant

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    trying to remember sives justification for a retracement. i think any news at this price area is gonna cause too big a bounce
     
  8. minimax

    minimax 2nd Lieutenant

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    I am done for today, I suppose, but will wait for pullback if comes soon; if he wants down, must take 1,2260, otherwise I treat as pullback in the way up
     
  9. D.R.&Quinch

    D.R.&Quinch Sergeant

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    i am totally with u on this, tho i am seeing differnet on the charts to what my logic tells me so im getting edgy. very good point about the news overreaction
     
  10. minimax

    minimax 2nd Lieutenant

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    FXCM dropped dead
     

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