Comments on: Forex Signals – EUR/USD Ascending Triangle Setup

By: 4real

4real — Wed, 12 May 2010 14:56:08 +0000

EUR/USD slips again; BIS rumored to have lowered offers
Written by Jamie Coleman
May 12, 2010 at 14:42 GMT

Traders say the BIS lowered their offers to the 1.256/00 area this last time up, helping turn EUR/USD lower again. There is talk of a large 1.2665 bid in the market but stop-loss sell orders are perched below that level. More stops are clustered from 1.2640 down to 1.2620.

By: piphut

piphut — Wed, 12 May 2010 05:35:24 +0000

There is one, it is just not open to anyone but me :). Seriously I think I will open this though, the chat room for all the chit chat and this area for comments/questions about the signal itself.

By the way today’s signal:
http://piphut.com/2010/05/forex-signals-eurusd-trend-is-your-friend/

By: johnny

johnny — Wed, 12 May 2010 05:34:50 +0000

Hi Tom, best is to read Mark’s comment here little above. I’d asked him about a possible bounce and pls read for yourself. (Retracements are always possible)

Thats why its kinda risky in these level to place a trade now (You’ll have to give it some room to move, if you have to cash to bear the losses too. But on the otherside you should put a tight SL. Thats my way of looking at it)

So, best is to just wait for a good confirmation. If it really goes up (A bounce, which I expact somewhere in the 1.2530/1.2550 area) to 1,2750 – 1,2800 again then it would be ideal going in short there of course.
Once it should break below 1.2525 I think we can see lot more down and 1.24 could come insight. Just my view

By: taavi

taavi — Wed, 12 May 2010 05:33:26 +0000

Guys, you know, we should pressurise Mark, he should make a Piphut chatroom :D that would just be excellent. Dont remember who of us first had that idea, but that just would be a nice thing :D

By: tom 1

tom 1 — Wed, 12 May 2010 05:30:25 +0000

Johnny many thanks my friend

By: johnny

johnny — Wed, 12 May 2010 05:28:14 +0000

But I’ll just wait for Mark’s signals and then, together with my own analysis will see what’s possible.

Its of course always nice to get in short on a higher level! Around 1,28 would be nice to get in again.
The Euro will drop down a lot more within the weeks to come according to me (There’s no real solution to prevent this) I would not be surprised we are going down 500 or more pips within the next months to come!
Just my view

By: tom 1

tom 1 — Wed, 12 May 2010 05:28:00 +0000

good morning folks ,has Marks posted his thoughts yet ,Johnny can i ask if its ok ,do u still think we are going short to 1.250 level

By: taavi

taavi — Wed, 12 May 2010 05:27:08 +0000

Hint: draw a trendline :D

By: taavi

taavi — Wed, 12 May 2010 05:26:04 +0000

Yes, Johnny you are right, everybody are waiting for a bounce up, and if it takes place, it will be a darn fast upmove. Today maybe up to 1,2820, but these are just my stupid thoughts :D

By: nash

nash — Wed, 12 May 2010 05:25:06 +0000

news after 35 mins