looking like a good short madC heading down price heading up (negative divergence) were at the top of R1 on my chart and the top of a trend line. should go down at least a little like it did yerday against the EMA's all the same scenario....
Gave me a chance to tke a second position, now part closed for quick pips.
- #122,207
- Jul 16, 2009 8:03am Jul 16, 2009 8:03am
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
Come on, make that limit 8 pips higher... pleeeeeease
- #122,208
- Jul 16, 2009 8:05am Jul 16, 2009 8:05am
auuwwww....1.4175....that was so close now dude....
EUR/USD surges after claims but seasonals add caution
Written by Jamie Coleman
July 16, 2009 at 12:44 GMT
Traders want to believe happy days are here again but the seasonal distortions to the claims data are keeping them somewhat cautious. If we get strong Philly Fed data at 14:00 GMT, then we could see a break to the topside, but until then, traders remain unconvinced. We rallied to 1.4165 after the data but have eased to 1.4135, about where we were heading into the data.
We are hearing reports of a EUR 2 bln buy order executed by a US investment bank this morning, helping lift EUR/USD to its earlier 1.4153 highs. That order absorbed selling by both China and the BIS in the 1.4140/50 area. There were also reports that Japan scrambled jets to deal with North Korea violating Japanese airspace earlier today.
Next up is the monthly Treasury International Capital data (TIC) that shows cumulative fund flows into and out of the US. The data has not been market moving in recent months.
- #122,210
- Jul 16, 2009 8:12am Jul 16, 2009 8:12am
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
better to play 1.413-1.415 right now
EUR/USD surges after claims but seasonals add caution
Written by Jamie Coleman
July 16, 2009 at 12:44 GMT
Traders want to believe happy days are here again but the seasonal distortions to the claims data are keeping them somewhat cautious. If we get strong Philly Fed data at 14:00 GMT, then we could...
Nice market rhythm as per H1 below...hmmmm....
- #122,211
- Jul 16, 2009 8:13am Jul 16, 2009 8:13am
- Joined May 2009 | Status: User of Geppy patience pills | 7,645 Posts
Don't be a hero. Don't have an ego. Always question yourself
- #122,216
- Jul 16, 2009 8:24am Jul 16, 2009 8:24am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #122,219
- Jul 16, 2009 8:28am Jul 16, 2009 8:28am
Then I would say stay out, and spend some time to make up your mind.
I think like essenza, that 4130-4150 could be a tradable area
the only factor that i hate is China really... as you can see it gets down, where according forexlive.com...china is selling at 1.405
. Enough said don;t fuck up with china.