I still feel there is some business still to be made before end of year... im still holding on to my short position and i feel today or tomorrow could be the days where we see a move further down.
Cheers!!PM23
EurAnalysis Kindergarten 24 replies
DislikedI still feel there is some business still to be made before end of year... im still holding on to my short position and i feel today or tomorrow could be the days where we see a move further down.Ignored
DislikedMaybe the time to start working into the shorts is closer than we imagined. I am trying to laser focus on trends trending now...going well so far. For EURUSD I am llooking for the 1.3750 to break decisively, price stay below there for a day or two, perhaps trade down to the 2nd white box. Then on the retracement higher to the inital break level I will establish some shorts and build from there. {image}Ignored
Disliked{quote} Do you not think that the uptrend still has gas. As I mentioned earlier, I expect 3720 to provide initial support... and on failure, 3620/30 area should do it before we head up to the 1.4x zone. Of course I could be dead wrong, but that's what I see as the highest probability for now. Should all support just give way and the US Dollar (as well as 2s, 5s and 10s yields) start skyrocketing, then yeah... forget 1.4 for now and look more towards 3161/3090Ignored
Disliked{quote} Do you not think that the uptrend still has gas. As I mentioned earlier, I expect 3720 to provide initial support... and on failure, 3620/30 area should do it before we head up to the 1.4x zone. Of course I could be dead wrong, but that's what I see as the highest probability for now. Should all support just give way and the US Dollar (as well as 2s, 5s and 10s yields) start skyrocketing, then yeah... forget 1.4 for now and look more towards 3161/3090Ignored
DislikedScaling into very small EURGBP shorts starting here at 0.8429, think this FT piece out a couple of hours ago will start making the rounds and make for some very interesting sov bond price action going into 2014. Will keep adding to EURGBP up through 0.8470... December 11, 2013 9:45 pm ECB poised to get tough on sovereign bond risks By Claire Jones in Frankfurt A top official at the European Central Bank has signalled it will try to force eurozone banks to hold capital against sovereign bonds, in an attempt to stop weak lenders using its cash to...Ignored
Disliked{quote} Well if my preferred scenario plays out I'd be willing to try. I am only getting involved if 1.3750 is broken, price trades below 1.3700 then restests 1.3750 at some point. As for 1.400, I dont really see it going that high. guess that depends on FOMC thoughIgnored
Disliked{quote} Santa delivered mine last year. I've got them firmly attached as I short EUR at 1.38 How about YOU?Ignored
Disliked{quote} Do you not think that the uptrend still has gas. As I mentioned earlier, I expect 3720 to provide initial support... and on failure, 3620/30 area should do it before we head up to the 1.4x zone. Of course I could be dead wrong, but that's what I see as the highest probability for now. Should all support just give way and the US Dollar (as well as 2s, 5s and 10s yields) start skyrocketing, then yeah... forget 1.4 for now and look more towards 3161/3090Ignored
Disliked{quote} I was waiting for 1.0450/60 to get in on the Loonie toonie. Looks like I might have missed the train... maybe??? This could be a 123 bearish reversal forming. 123 invalidation will take place on a break above 1.07 Add: 1.0665 looks like a good place to short for an easy 200 pips (If I am right)Ignored
Disliked{quote} I was buying 1.0580, selling at these levels. I think it probably is due for a proper pull back to 1.05 at some point. Dont know if that will be before or after it takes out 1.07 though? I guess FOMC is yet again the biggest determining factor here on 1.07 or 1.05. At this point I think they will taper, which is likely being price in right now. Bank of Canada speech today should be interesting.Ignored
DislikedCovered 1/2 @ 1.375 just now. Worst case scenario = break even trade if 2nd half hit stop loss. Trail the rest accordingly... GL all.Ignored