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mitrapips replied May 28, 2015I keep hearing how Grexit will make the EUR tumble. This statement has no basis because the market always prices in the worst outcome for uncertain events. If anything, EUR will probably spike on Grexit - to borrow a stock market phrase, buy the ...
EURUSD
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mitrapips replied May 25, 2015Closed short. Staying out for the moment. Might go for a small long.
EURUSD
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mitrapips replied May 25, 2015Perfect! No harm in that. In fact, it is often more productive. But with the size that I trade it can be treacherous.
EURUSD
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mitrapips replied May 25, 2015A bounce is not a reversal
. It is expected to break! Will reenter short on testing of 0950.EURUSD
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mitrapips replied May 25, 2015Looks like 0932 was the place of bounce as posted 25 hours ago.
EURUSD
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mitrapips replied May 24, 2015I have lost several accounts to this so I, in fact most of us, know this well. I like to think of this issue similar to that faced by a boxer. A good boxer learns how to punch. But a great boxer knows how to take one on the chin and get up. You need ...
EURUSD
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mitrapips replied May 24, 2015Good for you. I am not interested in other pairs and plan to book profit as soon as possible on this one. Sunday trading can be treacherous.
EURUSD
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mitrapips replied May 24, 2015Before 090x level bounce expected from 0932. Planning to close my trades between 0950 and 0932.
EURUSD
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mitrapips replied May 24, 2015Shooting star on M15 couldn't pierce through 20 SMA. 0950 anyone?
EURUSD
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mitrapips replied May 24, 2015The only thing I want to do after looking at you chart is listen to Pink Floyd.
EURUSD
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mitrapips replied May 24, 2015Good question. The daily will find support at 0950. However the downward momentum is huge. So I am giving it some more leeway maybe even below 0900. But any reversal at this stage should be confirmed on H4. So to answer your question, I would be ...
EURUSD
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mitrapips replied May 24, 2015Probably the time has come to experience some random levels sharpened to the pipette. "0984 reached, waiting for 09835" maybe
. Can't wait.EURUSD
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mitrapips replied May 24, 2015I am thinking this could go down to 0850. But I am pretty optimistic about a sustained move upwards after that maybe from next month. This doesn't look like the end of the bull run. Price to go long (for long term trades) is lower. I will be careful ...
EURUSD
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mitrapips replied May 24, 2015Given the bull I see being thrown around here I would say semantics are the least of our concern
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mitrapips replied May 22, 2015M5 losing steam. Need to break confluence of double bottom on M15, 00 level and H4 200SMA for further downward move. A tentative 50 pip upward move not ruled out. Closed all positions. See you next week.
EURUSD
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mitrapips replied May 22, 2015If you know how to work price action you would know the small candle ramp up and subsequent bounce from 200 MA is all the confirmation you will ever need. Most news events are just waiting for technicals to play out and this was definitely one. If ...
EURUSD
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mitrapips replied May 19, 2015How you guys holding up
. Anyone rich yet (other than my only admirer)?EURUSD
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mitrapips replied May 17, 20151) Not always true. Check out the 80 pips break below 1200 last sunday that was more a continuation of the downward trend of the previous week than anything else. The reversal came but much later. 2) In fact the news events could act as fuel for a ...
EURUSD