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  • #323,861
  • Nov 11, 2010 5:07am Nov 11, 2010 5:07am
I think News just turbo boosts price to technical levels quicker...
  • #323,862
  • Nov 11, 2010 5:09am Nov 11, 2010 5:09am
Quoting FibbinArchie
I think News just turbo boosts price to technical levels quicker...
For me News are trigger to boost prevailing trend for momentum buying/selling.
They think they are smarter than I am.
  • #323,863
  • Nov 11, 2010 5:10am Nov 11, 2010 5:10am
Hahahahaha....reading this thread will confuse you more with the conflicting predictions
  • #323,864
  • Nov 11, 2010 5:12am Nov 11, 2010 5:12am
Quoting Z3iz3i
Well as planned. Support will be tested at 1.3745/50.

Then another leg up to 1.3790/1.38
3821 would complete inverted H&S
  • #323,865
  • Nov 11, 2010 5:12am Nov 11, 2010 5:12am
Quoting Z3iz3i
For me News are trigger to boost prevailing trend for momentum buying/selling.
Agree and can initiate moves as well, which usually finish at technical S/R levels...
  • #323,866
  • Nov 11, 2010 5:12am Nov 11, 2010 5:12am
Ok buddies just some food for thought,

Remember the run up to 4300 qe2 the dollar is trash eur going to 1.5000.
news full of dollar devalueing ?
This happened at the top as it turns out .

Now I am seeing nothing but bad news for eur zone Ireland going bankrupt eur getting scrapped other eur countries need financial help or they going bankrupt.

The more focus on bad eur news the more bullish i feel.

I was thinking 1.3000 now I'am not so sure .

Its background info but nice to know.

Hmmm media focus on bad eur news need to be cautious.
making green pips large and red pips small this is my goal.
  • #323,867
  • Nov 11, 2010 5:13am Nov 11, 2010 5:13am
Quoting Z3iz3i
Well as planned. Support will be tested at 1.3745/50.

Then another leg up to 1.3790/1.38
i think we are going to 1.3777
and then we will see
  • #323,868
  • Nov 11, 2010 5:17am Nov 11, 2010 5:17am
Quoting SugarTrade
The spreads are old news, the were at all time highs yesterday, too. Real news trading requires economic releases, or sudden (sometimes catastrophic) events. CNBC has to fill airtime, not all the news is breaking news.
I don't know what "real news trading" is. Information is there and you can either try to use it or ignore it. If you're wise and lucky you might have some information you have enough time to act on profitably. Eurozone sovereign CDS spreads and bond spread highs were higher today than they were yesterday. You could expect pressure on the euro based on that. Then ECB supporting PIIG's paper is a pattern, too, and those bounces are predictable.

Daily cash flows in CDS's is huge, bigger than the stock and commodity market flows. If you have access to realtime trading data on that otc market you have some valuable information - there's a reason why access is expensive.

"Trading the news" - catching volatility off the scheduled news announcements - fine for what it is worth. That's not the kind of "information" an informed fundamentals trader might try to capitalize on, nor anything available on CNBC.....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #323,869
  • Nov 11, 2010 5:18am Nov 11, 2010 5:18am
Personally, mid term I fancy 3300 (especially if we do a pull back first from the current level, would then be a 161% projection as well as previous resistance) before a final impulse leg up to meet the monster trend line, possibly by the end of the year, It's been my thinking since the start of Oct, but is really just speculation...
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  • #323,870
  • Nov 11, 2010 5:21am Nov 11, 2010 5:21am
Quoting Z3iz3i
Well as planned. Support will be tested at 1.3745/50.

Then another leg up to 1.3790/1.38
Are you bulish or bearish over the rest of november?
  • #323,871
  • Nov 11, 2010 5:21am Nov 11, 2010 5:21am
1116 GMT [Dow Jones] EUR/USD comes off the day's 1.3720 lows to trade at 1.3765. The majority of euro zone peripheral yield spreads have come in a little, ECB's Stark has made some supportive comments such as Greek program on track and there is no euro crisis and European equity bourses are now trading positive.

they must stop talking
  • #323,872
  • Nov 11, 2010 5:24am Nov 11, 2010 5:24am
Quoting The Fool
I don't know what "real news trading" is. Information is there and you can either try to use it or ignore it. If you're wise and lucky you might have some information you have enough time to act on profitably. Eurozone sovereign CDS spreads and bond spread highs were higher today than they were yesterday. You could expect pressure on the euro based on that. Then ECB supporting PIIG's paper is a pattern, too, and those bounces are predictable.

Daily cash flows in CDS's is huge, bigger than the stock and commodity market flows. If you have access...
Good point, couple weeks ago, so called experts were saying Euro/dollar would hit 145 this year, now there saying by end of year it will hit 131, this was based on there analysis and you know they use charts, the bad Euro news came into play and the over hyped QE2 factor, changed everything, news and events run currencies not charts, lol
  • #323,873
  • Nov 11, 2010 5:28am Nov 11, 2010 5:28am
to me 600 points in a week means a change in trend. i've been short this whole week
  • #323,874
  • Nov 11, 2010 5:29am Nov 11, 2010 5:29am
Quoting longshot_nl
Are you bulish or bearish over the rest of november?
I am bearish but i trade both ways. Seems eur/chf could not take it and usd/chf goes up. Tricky drop.
They think they are smarter than I am.
  • #323,875
  • Nov 11, 2010 5:33am Nov 11, 2010 5:33am
wonder what thats all about....
Look Sharp/Trade Tight
  • #323,876
  • Nov 11, 2010 5:34am Nov 11, 2010 5:34am
missed all the move from 45 my order did not get triggered at mbtrading.
making green pips large and red pips small this is my goal.
  • #323,877
  • Nov 11, 2010 5:34am Nov 11, 2010 5:34am
Quoting PayTheLimit
wonder what thats all about....
eur/chf broke 200ema at 1min tf while usd/chf rocketed up. Same time Crude peaked, was extremely good signal but i missed while writing here
They think they are smarter than I am.
  • #323,878
  • Nov 11, 2010 5:35am Nov 11, 2010 5:35am
Quoting paul1
missed all the move from 45 my order did not get triggered at mbtrading.
what kind of order?
Look Sharp/Trade Tight
  • #323,879
  • Nov 11, 2010 5:36am Nov 11, 2010 5:36am
Quoting Z3iz3i
eur/chf broke 200ema at 1min tf while usd/chf rocketed up. Same time Crude peaked, was extremely good signal but i missed while writing here
I know you'll get the next one Z....
Look Sharp/Trade Tight
  • #323,880
  • Nov 11, 2010 5:36am Nov 11, 2010 5:36am
lg 705 sl@ b/e
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