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EURUSD

  • #119,181
  • Jul 7, 2009 10:15pm Jul 7, 2009 10:15pm
Quoting essenza
Asian Banks seen buying EU since 1.388, but with choppy trading yesterday make sure to take profit as early as possible. retracement until 1.397 is possible I think. China has been the biggest role in this choppy trading they bought at 1.39 yesterday and then sell around 1.4-1.405 later. So protect your account.
Did the Chinese give you a call too let you know this information?
Must say that is damn useful I feel relieved to know such info.
Thanks
rat
  • #119,182
  • Jul 7, 2009 10:17pm Jul 7, 2009 10:17pm
maybe we will pick up some bears in the last up move.
those who can, do. those who cant, talk about those who can
  • #119,183
  • Jul 7, 2009 10:18pm Jul 7, 2009 10:18pm
Quoting essenza
Asian Banks seen buying EU since 1.388, but with choppy trading yesterday make sure to take profit as early as possible. retracement until 1.397 is possible I think. China has been the biggest role in this choppy trading they bought at 1.39 yesterday and then sell around 1.4-1.405 later. So protect your account.
*L*
those who can, do. those who cant, talk about those who can
  • #119,184
  • Jul 7, 2009 10:18pm Jul 7, 2009 10:18pm
Quoting gatorinla
maybe we will pick up some bears in the last up move.
Maybe some Chinese bears?
rat
  • #119,185
  • Jul 7, 2009 10:18pm Jul 7, 2009 10:18pm
Quoting rattyo
Did the Chinese give you a call too let you know this information?
Must say that is damn useful I feel relieved to know such info.
Thanks
*L* nothing gets past you. keep it up
those who can, do. those who cant, talk about those who can
  • #119,186
  • Jul 7, 2009 10:21pm Jul 7, 2009 10:21pm
Quoting rattyo
Maybe some Chinese bears?
Bulls versus Pandas, hmmm...
  • #119,187
  • Jul 7, 2009 10:22pm Jul 7, 2009 10:22pm
Quoting rattyo
Did the Chinese give you a call too let you know this information?
Must say that is damn useful I feel relieved to know such info.
Thanks
LOL of course not, it is market talk, the last two weeks has been china, russia and mid east traders playground..

EURUSD: Talk of Asian Sovereign bids

Written by Sam Diakou
July 8, 2009 at 02:20 GMT

For what its worth, Im hearing that there are Asian Sovereign bids down here under 1.3900. Rumor has it they bought at the lows earlier, squeezing market back up to 1.3910.
I would be watching the 1.3970 level, under that and there will be a rapid fall. Will also depend on how much more EURJPY selling there is to be done in Asia today.


Quick look at order books

Written by Sean Lee
July 7, 2009 at 21:48 GMT

Nothing particularly close apart from some stops in the AUD/USD below .7865 and bids in the EUR/USD at 1.3870/80.

 

  1. EUR/USD bids are quite strong at 1.3870-80
  2. EUR/GBP bids from big middle eastern players at .8520/50
  3. Cable; stops below 1.6080, strong bids around 1.5900,
  4. USD/JPY bids are heavy 94.05/50 but heavy stops below 93.90
  5. AUD/USD; stops below .7865, good sized bids .7760.

Hope it works

  • #119,188
  • Jul 7, 2009 10:23pm Jul 7, 2009 10:23pm
http://2.bp.blogspot.com/_k6F43dJdrX...get%2Bsoon.gif
  • #119,189
  • Jul 7, 2009 10:24pm Jul 7, 2009 10:24pm
Quoting gatorinla
*L* nothing gets past you. keep it up
Are those numbers you posted ok to use on metatrader charts?
rat
  • #119,190
  • Jul 7, 2009 10:25pm Jul 7, 2009 10:25pm
Quoting essenza
LOL of course not, it is market talk, the last two weeks has been china, russia and mid east traders playground..

EURUSD: Talk of Asian Sovereign bids...
Yes I know but it sounds funny doesnt it!
rat
  • #119,191
  • Jul 7, 2009 10:27pm Jul 7, 2009 10:27pm
Quoting rattyo
Are those numbers you posted ok to use on metatrader charts?
use them any way you like.. put them on your horizon lines.. then look at different tf and c what you think.. follow the pullback rule posted in earlier post..and yes meta4 is fine.
those who can, do. those who cant, talk about those who can
  • #119,192
  • Edited 10:28pm Jul 7, 2009 10:28pm | Edited 10:28pm
Quoting essenza
Asian Banks seen buying EU since 1.388, but with choppy trading yesterday make sure to take profit as early as possible. retracement until 1.397 is possible I think. China has been the biggest role in this choppy trading they bought at 1.39 yesterday and then sell around 1.4-1.405 later. So protect your account.
I wonder why Chinese would buy during Eurpean session and sell during NY.
The Thief of Wall Street
  • #119,193
  • Jul 7, 2009 10:35pm Jul 7, 2009 10:35pm
Quoting gatorinla
use them any way you like.. put them on your horizon lines.. then look at different tf and c what you think.. follow the pullback rule posted in earlier post..and yes meta4 is fine.
The pullback rule? where is this post Gator?

Pullback into fib levels etc. Is this what you mean?
rat
  • #119,194
  • Jul 7, 2009 10:37pm Jul 7, 2009 10:37pm
Quoting rattyo
Yes I know but it sounds funny doesnt it!

LOL not sovereign enough if that what you mean...well I'm away for a while from forex, trade small lot only for lunch and internet bill . Right now i put my money in indonesian stock exchange index, hope for rally after presidential election today..yesterday a lot of foreign money got in, lift up the index nicely, they positioned them self for rally. Go go IDX..2500 here we come
  • #119,195
  • Edited 10:51pm Jul 7, 2009 10:39pm | Edited 10:51pm
Quoting gatorinla
below 3961 we target 3936 but pullbacks between 3948/3926 are not unexpected. if bearish move continues the center target is 3911 then target is 3885 pullbacks between 3897/3870 are not unexpected next center target after 3854. below this next target 3823 with pullbacks not unexpected between 3838/3799 other numbers are posted in earlier post. they are still valid if posted since last week..
rat c if this helps.. plus use your own skills.. when i say pullback its a bounce.. maybe back to the mid black number.. for an exit if you played the bounce or a entry if your playing retrace to resume trend. post is dated their are others just click my name and follow post
those who can, do. those who cant, talk about those who can
  • #119,196
  • Jul 7, 2009 10:40pm Jul 7, 2009 10:40pm
Quoting Chicky
I wonder why Chinese would buy during Eurpean session and sell during NY.
I think they want to draw nice picture for your trading platform, a mountain ,a valley and a corral reefs now
  • #119,197
  • Jul 7, 2009 10:49pm Jul 7, 2009 10:49pm
Quoting Chicky
I wonder why Chinese would buy during Eurpean session and sell during NY.
oh i also figured green not brown. confused?
those who can, do. those who cant, talk about those who can
  • #119,198
  • Jul 7, 2009 10:52pm Jul 7, 2009 10:52pm
Bears have certainly had their chances here. Seems like bulls need further reassurance that big money isn't going to rush in and push support, but the longer this goes on the more you have to like the chances of a (partial) retracement...
  • #119,199
  • Jul 7, 2009 10:55pm Jul 7, 2009 10:55pm
yes i just got out for 1 pip profit seems this thing is taken ages to make up its mind. Will get in long once i see more solid evidence
  • #119,200
  • Jul 7, 2009 11:01pm Jul 7, 2009 11:01pm
South more than .3870.... need time?

Still Hold short position
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