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EURUSD

  • #239,361
  • May 10, 2010 1:18am May 10, 2010 1:18am
long term bears beware

this is the daily futures chart

look at the volume on the down bar followed by an ultra high volume inside bar

think the bail out package was only just decided this weekend. ??

1.3400 or even 1.3600 is not that far away and maybe my upper limits

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Blogging daily now at www.volume.zone
  • #239,362
  • May 10, 2010 1:19am May 10, 2010 1:19am
Sell zone in EURUSD @ 1.30010 with stop out above 1.32 area
  • #239,363
  • May 10, 2010 1:21am May 10, 2010 1:21am
Quoting qwertymyfx
how about the gap is to be fulfilled?
You can always hope there is drunk Citibank trader coming in during NY session. If he will press "B" gap will be filled, if he will press "N", nanillion, we are all screwed, financial systems will explode.

  • #239,364
  • May 10, 2010 1:24am May 10, 2010 1:24am
So M5 tf follow pa & also ok for m15,m30 for bear continuation next & so short again around 1.2951 at & above . After all mighty tf h1 & 4 in bull mode .1.2973 & 99 may cover up .
Sorry , I did not posted this one ?
Now I see doing anti-trend , ok , placed pendings before also shorts till 97.
will wait more .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #239,365
  • May 10, 2010 1:24am May 10, 2010 1:24am
Quoting malcolmb14
long term bears beware

this is the daily futures chart

look at the volume on the down bar followed by an ultra high volume inside bar

think the bail out package was only just decided this weekend. ??

1.3400 or even 1.3600 is not that far away and maybe my upper limits

Attachment
very nice to see you back here mal,
and good to see that we are expecting similar levels too 3400~ . Time will tell if bulls are strong enough, but I am expect that for at least the next few days. In general the issue about € is not solved and we might get some awesome shake outs when at the extremes like you said 3600.

EURO-DOLLAR: Opened early Asia around $1.2885, the rate marked up from
Friday's close of $1.2740 as markets adjusted for the weekend debt
package worked out by the EU/IMF. Order books were described as heavy
with offers with rate quickly dropping back to $1.2800. Rumours of
E500bln stabilization package, along with headline of ECB to announce
intervention in markets saw rate spike up to $1.2950 where it ran into
willing sellers. Rate eased to $1.2880 as the EU press conference began.
Mentioned intervention in debt markets, not FX, saw rate come under
pressure, the rate dropping back to $1.2790, with the result in Germany
NRW providing a knock for Chancellor Merkel as she loses her majority
in the upper house, also adding weight. Asian reserve manager buys
provided the demand to lift rate back to $1.2950, with eventual break
taking rate on to $1.2968. Rate eased back to $1.2900 into early Europe
before picking up fresh demand that has lifted the rate on to $1.2978.
Offers seen placed between $1.2990/00, a break to open a move toward
$1.3040/50. Support $1.2900, ahead of $1.2860/50.

Provided by: Market News International
Trade on your own risk Plan your trade&trade your plan dont be a
  • #239,366
  • May 10, 2010 1:24am May 10, 2010 1:24am
Quoting Swamp Owl
You can always hope there is drunk Citibank trader coming in during NY session. If he will press "B" gap will be filled, if he will press "N", nanillion, we are all screwed, financial systems will explode.

that is complete bs

'they ' knew that eu bail out coming so they drop market in a shake out , blame it on a ghost trader and a ghost order that does not exist. and meanwhile LOADING up on longs like no tomorrow. Oh the games they play.

now es may even head back to 1160 to 1200 zone. already at 1145 after closing 1100 on Friday , pretty insane markets
Blogging daily now at www.volume.zone
  • #239,367
  • May 10, 2010 1:28am May 10, 2010 1:28am
Morning everybody, i guess this pattern is valid


#238717
Attached Image
"The Side that Knows When to Fight and When Not to, Will Take the Victory"
  • #239,368
  • May 10, 2010 1:29am May 10, 2010 1:29am
Thanks for the welcome back

I did not trade much 1st part of week last week and then stuck to trading es tues to friday

Today eu was fairly easy set ups on a 5 mn , just buying dips so been having a go in asia,

It seems that all of last week was just a game. I wondered how comes and 800 pip drop when the Greece issue has been there for a while , saw huge volumes also before the 400 pip plus bounce. Once back above 1.3000 I think strong chance 1,3400 but volatility is going to be huge both ways quoth 150 to 200 pip up moves and 100 pip retraces . Then there was that 1 bill trader error .... yeah right

Quoting Trading Cat
very nice to see you back here mal,
and good to see that we are expecting similar levels too 3400~ . Time will tell if bulls are strong enough, but I am expect that for at least the next few days. In general the issue about € is not solved and we might get some awesome shake outs when at the extremes like you said 3600.

EURO-DOLLAR: Opened early Asia around $1.2885, the rate marked up from
Friday's close of $1.2740 as markets adjusted for the weekend debt
package worked out by the EU/IMF. Order books were described as heavy
with offers with...
Blogging daily now at www.volume.zone
  • #239,369
  • May 10, 2010 1:32am May 10, 2010 1:32am
Quoting malcolmb14
that is complete bs

'they ' knew that eu bail out coming so they drop market in a shake out , blame it on a ghost trader and a ghost order that does not exist. and meanwhile LOADING up on longs like no tomorrow. Oh the games they play.

now es may even head back to 1160 to 1200 zone. already at 1145 after closing 1100 on Friday , pretty insane markets
Maybe this forum needs color code for irony. How about purple?
  • #239,370
  • May 10, 2010 1:34am May 10, 2010 1:34am
Quoting Trading Cat
Yep man your are correct should have seen that before, its Monday and first coffee so still slow.
To be fair, they were more speculative and not for the "trade with trend" crowd. I didn't take 1.28, but mainly because I wasn't paying attention. It was worth a shot though.

Quote
very nice to see you back here mal,
and good to see that we are expecting similar levels too 3400~ .

A one-third retracement of the 2010 fall.
  • #239,371
  • May 10, 2010 1:34am May 10, 2010 1:34am
Quoting malcolmb14
Thanks for the welcome back

I did not trade much 1st part of week last week and then stuck to trading es tues to friday

Today eu was fairly easy set ups on a 5 mn , just buying dips so been having a go in asia,

It seems that all of last week was just a game. I wondered how comes and 800 pip drop when the Greece issue has been there for a while , saw huge volumes also before the 400 pip plus bounce. Once back above 1.3000 I think strong chance 1,3400 but volatility is going to be huge both ways quoth 150 to 200 pip up moves and 100 pip retraces...
Funny someone was asking last week where you have gone and I told him you most prob are trading es and have no time posting here. Guess you must have had a blast at es. I did a few trades DAX last week but got short to early well shit happens hehehe hope we have a more predictable week this week.
Take care and good trading,
TCat
Trade on your own risk Plan your trade&trade your plan dont be a
  • #239,372
  • May 10, 2010 1:39am May 10, 2010 1:39am
Quoting malcolmb14
that is complete bs

'they ' knew that eu bail out coming so they drop market in a shake out , blame it on a ghost trader and a ghost order that does not exist. and meanwhile LOADING up on longs like no tomorrow. Oh the games they play.

now es may even head back to 1160 to 1200 zone. already at 1145 after closing 1100 on Friday , pretty insane markets
So they will continue long keeping the gap down & drop again blaming the gap & suck all come all come in the path up & down manipulation . This thing they only knows ? perhaps coverup some money for the bailout but some one has to lost big money again waiting for next bailout.
The result should be zero , surely a nasty & insane game.
Euro party may be watching it happen without loosing energy .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #239,373
  • May 10, 2010 1:40am May 10, 2010 1:40am
[Dow Jones] The aggressive measures by the EU aim to draw a line under situation on the euro-zone periphery, says RBC Capital markets, which should in turn lower the periphery risk premium priced into euro. This has resulted in EUR/USD climbing above 1.2900, from around 1.2800 late Friday in NY, and was last seen trading at 1.2975. Now eyes turn to the periphery states and whether they can implement the fiscal tightening as promised. "Although the package may slow the decline in euro, it remains hard to see the single currency sustaining any kind of strength bearing in mind the scale of fiscal consolidation that has to be undertaken, the uncertainty that remains regarding its implementation, the knock-on effect it will have on growth, and the ever-diminishing prospect of rate hikes," says RBC.
  • #239,374
  • May 10, 2010 1:48am May 10, 2010 1:48am
[Dow Jones] Riskier currencies like AUD are finding some traction on Europe's stabilization plan, but enthusiasm for carry trades will be limited by likelihood of ongoing volatility. The big enemy of the carry trade--using a cheap currency as a funding platform to invest in other, higher-yielding but often riskier assets--is volatility, because it can eat into the gains which would otherwise be secured from those higher rates, especially if markets swing the wrong way. And right now, we have volatility in spades. EUR may be rising vs USD and JPY but it's gyrated in some very large ranges in past week and is likely to keep doing so. Investors playing the carry love nothing more than stability, and we're looking far from stable. See MONEY TALKS: Volatility To Limit The Carry Trade Return.
  • #239,375
  • May 10, 2010 1:59am May 10, 2010 1:59am
238717

The almighty Morning star
"The Side that Knows When to Fight and When Not to, Will Take the Victory"
  • #239,376
  • May 10, 2010 2:03am May 10, 2010 2:03am
Go close the gap first then we will see what is what . shorts on , ma 200 high in H1 can be as high as 1.3018.No problem .will wait.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #239,377
  • May 10, 2010 2:05am May 10, 2010 2:05am
Another entry (1.2991) missed by a measly pip . Not as bad as missing an entry last monday by half a pip though. I must have really pissed off the big guy.
  • #239,378
  • May 10, 2010 2:06am May 10, 2010 2:06am
Seems to happen all too often
  • #239,379
  • May 10, 2010 2:08am May 10, 2010 2:08am
I probably sound like a whining poker player .
  • #239,380
  • May 10, 2010 2:15am May 10, 2010 2:15am
well I just had 2 longs running one place at 83 (idiot) one at 55 got out of both with a total of 7 pips ohh what a start hahaha. Looking to reload longs at 50 or below this time will hold of entering to early...
Trade on your own risk Plan your trade&trade your plan dont be a
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