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  • #270,421
  • Jul 13, 2010 8:23am Jul 13, 2010 8:23am
Quoting Jhig
That was my point. Traders were trading the wrong news. ZEW is a BS economic indicator. ZEW is basically asking institutional traders how they feel about the German market in the next 6 month. You can't based a counties economic on asking 300 traders what they think.

The better bet was to anticipate the Bond auction, an automatic win for the EUR. Greece unloading bonds = good for the EUR = bullish EUR sentiment. What amazed me was that, traders are SELLING because they anticipated ZEW release to be bad (which it was) so they decided to jump on...
Quoting Jhig
No I don't have a schedule but a friend of mine gave me a link showing Bonds being offered at a higher yield 4.65% (previous 4.55%)
Greek Bond auction has a higher yield than thought previously which is good for the EUR. I would not be surprised if price moved upwards for the remainder of the week as it has been said the EU will disclose the Bond Sale results until this upcoming Friday.

No technical would have prepared you for this up run. Its a pure fundamental play. GU price has already positioned itself for an upwards trend. EU is a little late to the game. Everyone is paying attention to the wrong new releases when its the Bond auction that will play this week out.
  • #270,422
  • Jul 13, 2010 8:24am Jul 13, 2010 8:24am
Quoting julian
short gbp @ 1.5155 sl 20

catching a falling knife time for me,lets see
1/2 off at+15, rest to b/e
if stopped will look to sell again immediately
  • #270,423
  • Jul 13, 2010 8:26am Jul 13, 2010 8:26am
Quoting julian
1/2 off at+15, rest to b/e
if stopped will look to sell again immediately
i am with you in the same ship
ブードゥー教
  • #270,424
  • Jul 13, 2010 8:26am Jul 13, 2010 8:26am
Quoting seanosms
OK Gloomers,

Bad news on Eurozone and Euro gains against the USD. This I dont get?
Bad News on US Economy and the Euro rises. This part I understand.

I cant see how that correlates.
Dont try to look for correlation between "good news" or "bad news" and prices. Look for correlataion between EUR/USD, USD_IDX and Dow/SnP500/Nasdaq.
  • #270,425
  • Jul 13, 2010 8:31am Jul 13, 2010 8:31am
Quoting yoggi
Very simple, Good news for euro EUR/USD rise or bad news for usd then also it will rise and also EUR/GBP not to that extent, EUR/JPY and so on.. will rise, but other cases USD news is not concerned..

Simliary with any other pair..
WRONG!!!
at 5pm +8GMT... EUR got bad news...
it suppose that EU pair should getting lower but it's rise.

DONT TRADE THE NEWS
If only,.....
  • #270,426
  • Jul 13, 2010 8:43am Jul 13, 2010 8:43am
Quoting husmas609
me too, what is your TP?, mine is 1.2476....I wish I dont have to wait hours to get the profits
Actually i exited that position at 3 pip profit tbh, didnt like the upward bound move on a Pitchfork. Mikulas book states that if on a fork the price ranges towards either the UML oder LML then it will break out of the work in that direction, so i kind of exited but didnt enter a long position.

Could have lost 30 pips... god truly watches over children and dumb people... in my case
  • #270,427
  • Jul 13, 2010 8:45am Jul 13, 2010 8:45am
Quoting gloomers
Dont try to look for correlation between "good news" or "bad news" and prices. Look for correlataion between EUR/USD, USD_IDX and Dow/SnP500/Nasdaq.
and then there is the good old friend "risk appetite" which was really working well during 2009. This is, to make things more complicated, to go against the direction of the expected reaction of the market.
  • #270,428
  • Jul 13, 2010 8:46am Jul 13, 2010 8:46am
Quoting Martingale
10 positions = 10 lots? = 1MM?
depends of the deposits which you have. the rest is easy MM.
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  • #270,429
  • Jul 13, 2010 8:47am Jul 13, 2010 8:47am
Quoting julian
1/2 off at+15, rest to b/e
if stopped will look to sell again immediately
got to go out for a while so have set target at 1.5110

Been a nice day on this thread so far.Happy days
  • #270,430
  • Jul 13, 2010 8:48am Jul 13, 2010 8:48am
Quoting trigg
depends of the deposits which you have. the rest is easy MM.
Thanks man, I know I am just asking how much is YOUR position to get 10 of these against the trend
  • #270,431
  • Jul 13, 2010 8:50am Jul 13, 2010 8:50am
just went for a coffee when the puppy rose considered a buy before i went but dont like open positions when im not around.. 10 pips instead for the day..
  • #270,432
  • Jul 13, 2010 8:56am Jul 13, 2010 8:56am
JHIG - is there a site where is possible to see the BOND informations?????
  • #270,433
  • Jul 13, 2010 8:58am Jul 13, 2010 8:58am
Quoting Martingale
Thanks man, I know I am just asking how much is YOUR position to get 10 of these against the trend
EU at 1.2640 just now.
It could go till 1.2750 upwards and would have only a 3% loss at this account.
  • #270,434
  • Jul 13, 2010 8:58am Jul 13, 2010 8:58am
Quoting Orbital
Actually i exited that position at 3 pip profit tbh, didnt like the upward bound move on a Pitchfork. Mikulas book states that if on a fork the price ranges towards either the UML oder LML then it will break out of the work in that direction, so i kind of exited but didnt enter a long position.

Could have lost 30 pips... god truly watches over children and dumb people... in my case
Good on you, mine is still floating with -63.00%. Do you think the price will drop down again later or tomorrow, or should I close it now
  • #270,435
  • Jul 13, 2010 9:02am Jul 13, 2010 9:02am
ok, I think we went up too much now... no bonds information?
  • #270,436
  • Jul 13, 2010 9:04am Jul 13, 2010 9:04am
EU could move downwards at mR2 1.2666 (EJ has reached the mR1 at 111.99 just now, too) or the big upwards could go till 1.2736.
  • #270,437
  • Jul 13, 2010 9:05am Jul 13, 2010 9:05am
Quoting Martingale
ok, I think we went up too much now... no bonds information?
that was pure market optimism
  • #270,438
  • Jul 13, 2010 9:05am Jul 13, 2010 9:05am
Quoting Masrim
I think this session is going to be very important for the medium term. If the equity rebound doesn't crash and burn here and we finish flat or slightly positive, I don't see any important resistances on the 4H until 10470 for the Dow, 1120 for the S&P and 6200+ for the Dax.
Halfway there
  • #270,439
  • Jul 13, 2010 9:06am Jul 13, 2010 9:06am
Quoting trigg
EU could move downwards at mR2 1.2666 (EJ has reached the mR1 at 111.99 just now, too).
my Daily S2 is at 1.2691 ?
  • #270,440
  • Jul 13, 2010 9:07am Jul 13, 2010 9:07am
Quoting bad$ala
that was pure market optimism
we are between a 0.618 and a 0.786 retracement on H4
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