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  • #274,541
  • Jul 23, 2010 8:52am Jul 23, 2010 8:52am
Quoting mfoste1
imo i cant really see any way that traders are buying the bs that euro banks are ok.......they know this, i bet a lot of CBs are selling euro
Thats why I was looking for shorts in Channels before anyone else. Something told me the Stress Test was going to be bull$hit. Price is making a retrace but I believe price will continue to move within the bearish channel (blue channel lines) so I'll continue to look for short and reload my shorts off retracements.
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  • #274,542
  • Jul 23, 2010 8:55am Jul 23, 2010 8:55am
Quoting Jhig
The reason for the drop (Bloomberg) http://bit.ly/ctslJX
thx

and they call that "stress-test" for me "stress" would be somewhat else
Pecunia non olet
  • #274,543
  • Jul 23, 2010 8:55am Jul 23, 2010 8:55am
The other thing is there was buying in the last so many weeks. Once the news came out, good or bad, and the buying has been satisfied .......... no place to go but down.
  • #274,544
  • Jul 23, 2010 8:58am Jul 23, 2010 8:58am
Quoting Jhig
Thats why I was looking for shorts in Channels before anyone else. Something told me the Stress Test was going to be bull$hit. Price is making a retrace but I believe price will continue to move within the bearish channel (blue channel lines) so I'll continue to look for short and reload my shorts off retracements.
oh yea man, definetly.....remember the us stress test?......good chart, im trying to really be patient today, i think that will be the key to good entries, there is gonna be some wicked volatility expected......right now im favoring selling closer to 2850.
  • #274,545
  • Jul 23, 2010 8:59am Jul 23, 2010 8:59am
1H EW chart:
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  • #274,546
  • Jul 23, 2010 9:00am Jul 23, 2010 9:00am
Quoting SunTrader
The other thing is there was buying in the last so many weeks. Once the news came out, good or bad, and the buying has been satisfied .......... no place to go but down.
lotta CBs dumping euro......esp SNB holding 10b in the bag with the worst trade ever on eurchf
  • #274,547
  • Jul 23, 2010 9:02am Jul 23, 2010 9:02am
is it a good idea to buy @2800?
If only,.....
  • #274,548
  • Jul 23, 2010 9:03am Jul 23, 2010 9:03am
not trading today... closed a long at 1.294 this morning staying away until things are clear... stress test a friday afternoon with a week end ahead is an environment in which i dont want to risk capital on a coin flip
Andreyou
  • #274,549
  • Jul 23, 2010 9:03am Jul 23, 2010 9:03am
What a Bullshit all what comes from Jean Claude Vandam.... sorry Trichet I mean, that what you get whn you try to put a smoke wall, it eventually fades. well I liked what DOW J putted, EUR HEADING BACK TO PARIAH STATUS?... and I say owned
  • #274,550
  • Jul 23, 2010 9:03am Jul 23, 2010 9:03am
Quoting wm-eu
thx

and they call that "stress-test" for me "stress" would be somewhat else
I know, right. This isn't a Stress Test. Its a "Stress Quiz" that doesn't even count.
  • #274,551
  • Jul 23, 2010 9:03am Jul 23, 2010 9:03am
let see how it reacts on 2780-50 then decide for long or short..chart indicating a strong level there but let see if it break then 2680 next otherwise we may see 3120 min by next week

good luck

Ub
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  • #274,552
  • Jul 23, 2010 9:07am Jul 23, 2010 9:07am
Quoting Jhig
I know, right. This isn't a Stress Test. Its a "Stress Quiz" that doesn't even count.
its not a EU stress test today euro becomes a traders stress test lol


Ub
  • #274,553
  • Jul 23, 2010 9:10am Jul 23, 2010 9:10am
Quoting mfoste1
lotta CBs dumping euro......esp SNB holding 10b in the bag with the worst trade ever on eurchf
I wouldn't believe everything I read.
  • #274,554
  • Jul 23, 2010 9:14am Jul 23, 2010 9:14am
Quoting ubaidahsan
its not a EU stress test today euro becomes a traders stress test lol


Ub
Tell me I slept 3 hours in the last 24 hours, now I know why colombian cartels are the trading official sponsors.
  • #274,555
  • Jul 23, 2010 9:14am Jul 23, 2010 9:14am
Quoting mfoste1
oh yea man, definetly.....remember the us stress test?......good chart, im trying to really be patient today, i think that will be the key to good entries, there is gonna be some wicked volatility expected......right now im favoring selling closer to 2850.
Same here, patience is on our side today. No rush to make money on my part as I cleaned up 200 pips playing a short on EurNzd - short actually over extended my tkprofit level of 1.77. You're right about 1.2850, look like a good retrace level to place some shorts on. I won't place a short until price pulls back a bit.
  • #274,556
  • Jul 23, 2010 9:15am Jul 23, 2010 9:15am
Quoting ikhram
is it a good idea to buy @2800?
idk, u have to decide, but for me, 1.28 is gd to buy. i bought. now expecting to exit within 1.2850-1.2875. after that i may consider finding a price to short.

ok im out to have some fun. good luck ppl. enjoy e test.
  • #274,557
  • Jul 23, 2010 9:16am Jul 23, 2010 9:16am
Now watch, ECB will buy up a few billion more euros, this thing will spike up again, news media will try to explain it by saying stress test results are better than expected and everybody will forget this shit ever happened.
  • #274,558
  • Jul 23, 2010 9:18am Jul 23, 2010 9:18am
Quoting Jhig
Same here, patience is on our side today. No rush to make money on my part as I cleaned up 200 pips playing a short on EurNzd - short actually over extended my tkprofit level of 1.77. You're right about 1.2850, look like a good retrace level to place some shorts on. I won't place a short until price pulls back a bit.


heres a 30m chart.....there is some resistance there.
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  • #274,559
  • Jul 23, 2010 9:18am Jul 23, 2010 9:18am
Quoting Clairvoyant
idk, u have to decide, but for me, 1.28 is gd to buy. i bought. now expecting to exit within 1.2850-1.2875. after that i may consider finding a price to short.
and your stop loss below 2800? I'd move my stop loss to 1.28100
  • #274,560
  • Jul 23, 2010 9:18am Jul 23, 2010 9:18am
Quoting ubaidahsan
its not a EU stress test today euro becomes a traders stress test lol


Ub
The Euro gonna be stressed next week when it falls 500 points because of this sham of a test. LOL
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