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  • #289,141
  • Sep 6, 2010 6:53pm Sep 6, 2010 6:53pm
We are back where we started.

http://curiouscapitalist.blogs.time....e-we-go-again/

Exactly where the EUR will go - who knows.

Parity? I am sure wherever it will go, there will be lots of fear.
  • #289,142
  • Sep 6, 2010 6:53pm Sep 6, 2010 6:53pm
Quoting mfoste1
this has all been priced in.....nothin new
Possible bounce zones 2790 & 2778. If we get there.....
  • #289,143
  • Sep 6, 2010 6:54pm Sep 6, 2010 6:54pm
I'm impressed, Asia is doing better than London, today should be an interesting day
But i'll wait London though, i don't like asian move
No need to rush on such move, better wait
COT: The precious data ignored
  • #289,144
  • Sep 6, 2010 6:56pm Sep 6, 2010 6:56pm
Quoting PriceVolume
Possible bounce zones 2790 & 2778. If we get there.....

i meant this drop has been in the making......look at au

I have supports at 2806 2774 2714
Attached Image (click to enlarge)
Click to Enlarge Name: eusep7.jpg Size: 119 KB
  • #289,145
  • Sep 6, 2010 6:57pm Sep 6, 2010 6:57pm
Quoting DrLobo
this is an insane price drop.

Market is collapsing ... BUT its collapsing too quickly so need to be carefull about a bounce if shorting.
lol ... skype conversation with another trader ...

watch pa now thru london


[4:49:15 PM] malcolm britton: so why ius eu dropping ?
[4:49:20 PM] malcolm britton: for no reason
[4:50:03 PM] malcolm britton: odd moves are done for reason
[4:50:12 PM] malcolm britton: bet I go on ff now everyone is bearish
[4:50:19 PM] malcolm britton: 1.18 calls all over place
[4:50:35 PM] malcolm britton: this is called a trap down move / shake out
Blogging daily now at www.volume.zone
  • #289,146
  • Sep 6, 2010 6:57pm Sep 6, 2010 6:57pm
Quoting The Fool
buzz on the wires is this is the reason for the drop:

http://www.bloomberg.com/news/2010-0...o-examine.html
Article written 1 hour ago, do you think asian didn't get any information about it before ?
I'm sure there is another reason, something we'll know later...when the move's done as usual
COT: The precious data ignored
  • #289,147
  • Sep 6, 2010 6:57pm Sep 6, 2010 6:57pm
Quoting mfoste1
this has all been priced in.....nothin new
fresh news from Bloomberg on sovereign dept risk, thin market, big move.

But, does the big money make its move based on the Bloomberg news?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #289,148
  • Sep 6, 2010 6:58pm Sep 6, 2010 6:58pm
How are you guys doing. I woke up just in time to see my trades short finally paying some dividends. It's funny how the market gets driven up when big money is not there. Stock market is pumped, will likely continue to be pumped, but it's unsustainable. Selling rallies is probably the closest thing you can get to a sure thing in this current climate of global economic shift of power from the haves to the will haves.
  • #289,149
  • Sep 6, 2010 6:58pm Sep 6, 2010 6:58pm
Quoting kuroro001
I'm impressed, Asia is doing better than London, today should be an interesting day
But i'll wait London though, i don't like asian move
No need to rush on such move, better wait
you are not going long now??

Ub
  • #289,150
  • Sep 6, 2010 7:00pm Sep 6, 2010 7:00pm
Quoting The Fool
fresh news from Bloomberg on sovereign dept risk, thin market, big move.

But, does the big money make its move based on the Bloomberg news?

price went up to 1.29 on literally no volume......liquidity has been unusually dry....there is a reason behind this.
  • #289,151
  • Sep 6, 2010 7:00pm Sep 6, 2010 7:00pm
interesting, so going long at 2,800 looks like a good idea

Quoting malcolmb14
lol ... skype conversation with another trader ...

watch pa now thru london


[4:49:15 PM] malcolm britton: so why ius eu dropping ?
[4:49:20 PM] malcolm britton: for no reason
[4:50:03 PM] malcolm britton: odd moves are done for reason
[4:50:12 PM] malcolm britton: bet I go on ff now everyone is bearish
[4:50:19 PM] malcolm britton: 1.18 calls all over place
[4:50:35 PM] malcolm britton: this is called a trap down move / shake out
  • #289,152
  • Sep 6, 2010 7:00pm Sep 6, 2010 7:00pm
Quoting mfoste1
i meant this drop has been in the making......look at au

I have supports at 2806 2774 2714
I agree with your view, but I'm expecting it to be quite bumpy. They parked this pair at resistance right before NFP, with NFP they got their wish and punched through, and now we've got the southbound train again. I'm just advising not to give back what you get.....
  • #289,153
  • Sep 6, 2010 7:03pm Sep 6, 2010 7:03pm
if tokyo buys yen, this thing can go a lot lower......
  • #289,154
  • Sep 6, 2010 7:05pm Sep 6, 2010 7:05pm
Quoting malcolmb14
lol ... skype conversation with another trader ...

watch pa now thru london


[4:49:15 PM] malcolm britton: so why ius eu dropping ?
[4:49:20 PM] malcolm britton: for no reason
[4:50:03 PM] malcolm britton: odd moves are done for reason
[4:50:12 PM] malcolm britton: bet I go on ff now everyone is bearish
[4:50:19 PM] malcolm britton: 1.18 calls all over place
[4:50:35 PM] malcolm britton: this is called a trap down move / shake out
For the record...my view didn't change.
  • #289,155
  • Sep 6, 2010 7:06pm Sep 6, 2010 7:06pm
Quoting The Fool
fresh news from Bloomberg on sovereign dept risk, thin market, big move.

But, does the big money make its move based on the Bloomberg news?

news is designed to move the market simple....

look at that article....

there is NOTHING that says Greece has defualted on loans , nor have they
there is nothing that suggest any euro banks have failed , nor have they

In fact US banks are in a much more fragile place then euro banks.... with about 15 billion unreported losses a month right now and growing as more and more foreclosures hit the markets.

so why release that now in low volume time.... why is to drop the market to buy at discount in volume , maybe later in london , maybe tomorrow us.

lets look at eu futures on a higher time frame.....

we are coming off what could be a morning star set up .... very powerful one at that as the doji had very high vol.

1.2880 is key level right now , as long as that holds then this is not a fakeout drop. If this is broken to upside think 1.3200 off this weekly candle set up

If i see an up move in london on low vol then and only then will I buy the drop in eu

Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #289,156
  • Sep 6, 2010 7:07pm Sep 6, 2010 7:07pm
Quoting ubaidahsan
you are not going long now??

Ub
I don't trade the pair during asian session.
the pair usually barely moves, and when it moves you never know if it's real movement or not, i always wait my dear european boys to make the real move.
During asian session i'd rather trade other pair, bur definitely not eurusd

And it keeps printing lower lows lower highs, not for me
COT: The precious data ignored
  • #289,157
  • Sep 6, 2010 7:09pm Sep 6, 2010 7:09pm
Quoting malcolmb14
news is designed to move the market simple....

look at that article....

there is NOTHING that says Greece has defualted on loans , nor have they
there is nothing that suggest any euro banks have failed , nor have they

In fact US banks are in a much more fragile place then euro banks.... with about 15 billion unreported losses a month right now and growing as more and more foreclosures hit the markets.

so why release that now in low volume time.... why is to drop the market to buy at discount in volume , maybe later in london , maybe tomorrow...
2776 is also critical. Without break and hold below bears aren't here...
  • #289,158
  • Sep 6, 2010 7:10pm Sep 6, 2010 7:10pm
Quoting DrLobo
interesting, so going long at 2,800 looks like a good idea
when market is being manipulated like this , if not in off top be careful to rush in sell, but i would not just pick a bottom for sake of it either,

I know I am going to hear fx cannot be manipulated ... i thought that also till pa recently ... these odd moves often happen in Asia and are often reversed and form low of week. Been caught in a few of them myself.
Blogging daily now at www.volume.zone
  • #289,159
  • Sep 6, 2010 7:10pm Sep 6, 2010 7:10pm
Attached Image (click to enlarge)
Click to Enlarge Name: aud.jpg Size: 103 KB



have a look at what aud, kiwi, loony, dx and all else did exactly when swissy kissed the demand level l posted and bought at here - random?



l think not........
  • #289,160
  • Sep 6, 2010 7:11pm Sep 6, 2010 7:11pm
Quoting malcolmb14
lol ... skype conversation with another trader ...

[4:50:35 PM] malcolm britton: this is called a trap down move / shake out

Not a normal shake out... Main lt trend is still down, this is signaling more big drops to come. My Opinion.
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