hey guys, any idea for the drop in e/u today? I'm thinking the massive demand today for US treasurys, with equity markets all over the world going into meltdown. Any thoughts?

Today, definitely. I suspect a lot of people pared down their shorts in the hours leading up to the Bernank's testimony. Then when the Bernank left the door open on the possibility of QE3, it was buy buy buy for the e/u and I bet you a good number ...

Spot on, and as you said before, market has been pretty generous as of late .

Thanks man, great work on the NFP today too, saw you played that really well .

Hey Vorbis, Yea its pretty tough to get a handle on the whole sentiment issue. Everyone reacts differently to news so what may seem like a harmless news release to one person ends up being a sentiment shifter for someone else. The key is to know how ...

I had already shorted well before the ADP announcment (a few hours beforehand, due to bearish sentiment) and I had anticipated a better than expected report, so I held until after the announcement, and that gave it a nice, final pop downward before ...

Well, price went down after the release of the ADP numbers (i forget exactly how much, like 20 pips or so). But, what happened 15 minutes after the ADP release? The ECB press conference. Trichet came out very hawkish and some of the things he said ...

Sorry if I wasn't clear, I was referring to E/U, but I see what you're saying with regards to UJ.

Hey Lumesh, Pretty much, everyone was feeling really negative (bearish) about the e/u pair due to the Portugal announcement. Not that it really said anything new, but when it was announced, it really scared everyone and shook people's confidence in ...

nice scalp today on the ADP announcement, helped that it lined up with overall sentiment at the time.

I think todays action in e/u is a great example of how just because news already came out, doesn't mean that its been "priced in" fully by all the participants (think about the initial down move yesterday). What we saw today was a serious shift in ...

We started the week off cautiously bullish on EUR but all the news with credit rating agencies has put more uncertainty in the air....which I think is making people rethink and ponder where were going next....If we get some good rhetoric from rating ...

just my opinion, even though ECB rate hike has been "priced in" per say, it doesnt mean participants wont still try to make a play on it before the news hits, depending on what price levels were at....

Now, why would it be important to know why the selling occurred at those levels? I think that if you know the selling isn't coming simply from option defenders, than you can better get a sense for how the market is feeling at that point in time (in ...

Hey scotty, it depends on what type of barrier option it is. If it's a knock out option, then price piercing the price level means it becomes worthless, just like you said, and the option would not be in play anymore. Now as for sell orders being ...

Hey melvin, You bring up a very good question. Now I'm sure there are others who can better explain this than me, but let me take a stab at it. If you think about the liquidity structure of the market, you know that there could be a higher volume of ...

Wow, e/u just bounced from lows all the way back to 1.4440 area...all in about an hour and a half. Any thoughts as to why? I'm thinking profit taking on shorts. But part of me thinks now that people have had a bit of time to digest what happened in ...

you're absolutely right Monroe. I completely lost sight of the forest from the trees . All the tactical stuff is good (stops, options, etc), but at the end of the day, the important thing in play was the event: that of the greek vote. My thinking ...

sup guys, What do you guys think of today's 100pip+ upmove in EUR/USD? I read there were some pretty heavy stops around 1.4335, 1.4365, etc as well as some big selling interest around those upper levels during asian session, so I figured we'd see ...

1st post — Hey guys, Although this is my first post here on FF, I've been lurking around for quite a while (forgive me ) and want to say that I am greatly impressed with this thread and the high quality discussions/analysis taking place. I ...