Recap: EU opened with a bullish large gap as hopes have been raised (or at least modestly improved) of a Greek bailout package getting approved by the ECB. The bailout comes with strict austerity provisions, provisions that could hurt the Greek recovery. We are short-term bullish at the moment, but there is a decent rising trend support forming:
Trading Idea: We will take an aggressive short on a break of rising trend support with targets down to the Friday close (20/20/25/25 for 90 pips). We will keep our SL tight and move to BE on the first target.
We are bullish in the medium term and will look to close our short and get long when a falling trend resistance forms (this is the more conservative trade if you skip the aggressive short primary trade).
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February 20, 2012 at 14:55
China Cuts RRR
February 20, 2012 at 15:01
hello all
Hope everyone havinga good trading day
current position open is a short
February 20, 2012 at 15:01
@luxmafx it closed below 1.3250 what next
February 20, 2012 at 15:02
my TP is 3177
February 20, 2012 at 15:04
hello @ran its been long… welcome
February 20, 2012 at 15:06
@maher, thanks, i was out of city for a few days, was here last thursday>
February 20, 2012 at 15:06
FOREX-Euro rises with Greek deal close, but risks pullback
February 20, 2012 at 15:06
trying a long till 3265 and a short there till 3213 !! (take care was bad what i done today
February 20, 2012 at 15:48
up ok !
February 20, 2012 at 15:52
let s try in the other side with a SL for 30 pips if possible!!
February 20, 2012 at 15:06
Interesting, now where do we go from here?
February 20, 2012 at 15:29
So whos short with me?
We going to close the gap or because I am trading today, the pair doesnt feel like closing it ??
February 20, 2012 at 15:52
@ran, good to see you again,good luck with your trade today, @maher 17, my friend closing hourly under 3250 @3246 was not enough, we had at least to have a closing on the second rate 3242 then was ok, but as you said Greece good news again upside and again looking for this 3280-85 old history,
February 20, 2012 at 15:53
Here are the offers and bid orders waiting for Euro for today
Offers $1.3350, $1.3320/30, $1.3300, $1.3280
Bids $1.3180, $1.3139, $1.3125/20, $1.3100/090
February 20, 2012 at 15:54
and options expiry rate which was on 15 GMT
$1.3000, $1.3025, $1.3150, $1.3200, $1.3300, $1.3400
February 20, 2012 at 16:03
ok short from here, for targets first 3242 then 3231,3220,3207, SL 3288
February 20, 2012 at 16:06
nice are we in the same “bus”
February 20, 2012 at 16:09
that is a chiquita bus :-) just for fun
February 20, 2012 at 16:12
all trains are full today !!
February 20, 2012 at 16:05
reason for this trade, a Three inside down, (Bearish Engulfing Pattern) on 60 TF which can give us the chance for some down movement in hourly
February 20, 2012 at 16:07
but pay attention all shorter TFs offers bullish pattern and candle closing which can take the SL very easy but RR for this trade is good at the moment
February 20, 2012 at 16:15
a hanging man (in my three H (utc+00
February 20, 2012 at 16:15
http://imageshack.us/photo/my-images/3/busfd.png/
February 20, 2012 at 16:24
I like this hanging man,
February 20, 2012 at 16:26
on wat TF pls
February 20, 2012 at 16:29
Comment left on:
February 20, 2012 at 16:15
saharaview says:
a hanging man (in my three H (utc+00
February 20, 2012 at 16:27
i will like him better if he makes us travelling till 32
February 20, 2012 at 16:39
not enough power to push it down had to close with only 8 pips, enough for today, hope tomorrow will be bettwer, catch you later
February 20, 2012 at 17:03
bye all see you tomorrow !! (was hard today for me !! hope you the best!!
February 20, 2012 at 17:36
Guys, anyone knows when the press conference will be tonight, with the results on Greece?