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Exotic currencies

  • #21
  • Nov 29, 2010 10:26pm Nov 29, 2010 10:26pm
eurtry

1,9000 is a well defensed barrier. Its being bought strongly downthere.
Once it goes up below 2,0000 it doesn't move anymore...or eventually drops.
The odds favor a break upside though.
1.Being bought at the bottom
2.Ranging on top
3.Drops slowly.

Range playing can be done...even though i would be more cautious shorting on top than buying the bottom.

Attached Image (click to enlarge)
Click to Enlarge Name: eurtry 30-11.png Size: 55 KB
COT: The precious data ignored
  • #22
  • Nov 30, 2010 3:14am Nov 30, 2010 3:14am
Update

Most exotic pairs are not moving...its the paradise of scalpers.
usdnok and usdsek are driven by the usd buying accross the board. I took the same position for eursek and eurnok, because the setup 'selling on top' was the same, they are paying off.

mxn, zar and asian pair are barely moving.

usdtry is going up...towards 1,5200-1,5300

Only eurpln is going up...looks like the big picture 'buying dips' is working for now.
COT: The precious data ignored
  • #23
  • Nov 30, 2010 7:04am Nov 30, 2010 7:04am
eurpln

Another buying opportunity ?

Attached Image (click to enlarge)
Click to Enlarge Name: eurpln 30-11 H1.png Size: 39 KB
COT: The precious data ignored
  • #24
  • Nov 30, 2010 7:45am Nov 30, 2010 7:45am
What up K, you have anything good going?
Look Sharp/Trade Tight
  • #25
  • Nov 30, 2010 7:54am Nov 30, 2010 7:54am
Quoting PayTheLimit
What up K, you have anything good going?
Longing asian pairs is the best bet for now.
The thing is that now its all about the usd...usd buying is all that matters.
usdnok and usdsek should have already drop if there wasn't such risk on.
Otherwise its not really moving, zar is not moving.
try and mxn are up and down.

Exotics are even more boring that majors lol
COT: The precious data ignored
  • #26
  • Edited 7:27pm Nov 30, 2010 9:22am | Edited 7:27pm
Quoting kuroro001
eurpln

Another buying opportunity ?

Attachment
It failed...even though its dropping without vol.
Opportunity will be lower then

Edit : Pair dropped lower but no bounce so far
COT: The precious data ignored
  • #27
  • Nov 30, 2010 7:34pm Nov 30, 2010 7:34pm
For anyone willing to trade African-middle east currencies, one advice..forget it !
I have checked a few charts and one word came to me...messy!
usdsar usdomr usdqar usdjod usdaed usdbhd are really messy
COT: The precious data ignored
  • #28
  • Edited Dec 1, 2010 5:39am Nov 30, 2010 10:20pm | Edited Dec 1, 2010 5:39am
usdmxn

Reversal under the resistance on daily
It needs a confirmation to short it though..but it doesn't smell good for longs.
And intraday is printing a double top under 12,6000

Attached Image (click to enlarge)
Click to Enlarge Name: usdmxn 01-12.png Size: 41 KB


usdtry

Warning for this pair as well.
But it still can fly until resistance is reached.
Compressed candle with high volume is never a good sign

Attached Image (click to enlarge)
Click to Enlarge Name: usdtry 01-12.png Size: 43 KB



COT: The precious data ignored
  • #29
  • Edited 7:05am Dec 1, 2010 5:23am | Edited 7:05am
eurpln

Will the bull awake now ?
If eurusd keeps recovering eurpln might plunge again though.

Attached Image (click to enlarge)
Click to Enlarge Name: eurpln 01-12 H1.png Size: 45 KB


EDIT : next candle is extremely dangerous...such tiny red candle with extreme high vol ? ready for a big move..
COT: The precious data ignored
  • #30
  • Dec 1, 2010 8:39pm Dec 1, 2010 8:39pm
usdsek and usdnok

They both bounced off daily resistance.
It may be the trigger for further sell off since intradays is selling every tops

Attached Image (click to enlarge)
Click to Enlarge Name: usdnok 02-12.png Size: 49 KB


Attached Image (click to enlarge)
Click to Enlarge Name: usdsek 02-12.png Size: 46 KB
COT: The precious data ignored
  • #31
  • Dec 2, 2010 12:39am Dec 2, 2010 12:39am
Quoting kuroro001
usdhkk

It should continue its way up

Attachment

Attachment
Done..first resistance at 7,7000 is cleared.
Now its headed towards 7,8000.
Intradays is being bought so far...no signs of selling yet.
The only thing that could make the pair correct is a correction from the usd for now.

Attached Image (click to enlarge)
Click to Enlarge Name: usdhkk 02-12.png Size: 44 KB
COT: The precious data ignored
  • #32
  • Dec 2, 2010 6:00am Dec 2, 2010 6:00am
eurpln

Daily support at 3,9700

Attached Image (click to enlarge)
Click to Enlarge Name: eurpln 02-12 H1.png Size: 77 KB
COT: The precious data ignored
  • #33
  • Dec 2, 2010 10:00am Dec 2, 2010 10:00am
usdmxn

The pair seems to have found a daily support where its being bought
Reloading now ?

Attached Image (click to enlarge)
Click to Enlarge Name: usdmxn 03-12 H1.png Size: 47 KB
COT: The precious data ignored
  • #34
  • Dec 2, 2010 10:08am Dec 2, 2010 10:08am
YES. supply demand trader... ok had to post, so I get the email alerts. thanks for sharing. i'll have to add some too. thanks for starting this up =)
  • #35
  • Dec 2, 2010 6:57pm Dec 2, 2010 6:57pm
Quoting kuroro001
zarjpy

This pair is ranging since the past few months.
Which way it will break ain't easy to guess.
usdjpy seems to be ready for a flight though...zarjpy might follow the leader.
Each dips seems to be bought..but once its on top its not moving higher so i guess patience is the key for this one.

Attachment
Looks like this scenario is playing out.

Attached Image (click to enlarge)
Click to Enlarge Name: zarjpy 03-12.png Size: 37 KB
COT: The precious data ignored
  • #36
  • Dec 2, 2010 6:58pm Dec 2, 2010 6:58pm
Quoting Ipndasno
YES. supply demand trader... ok had to post, so I get the email alerts. thanks for sharing. i'll have to add some too. thanks for starting this up =)
Cheers,
Welcome on board
COT: The precious data ignored
  • #37
  • Dec 2, 2010 11:53pm Dec 2, 2010 11:53pm
Quoting kuroro001
Done..first resistance at 7,7000 is cleared.
Now its headed towards 7,8000.
Intradays is being bought so far...no signs of selling yet.
The only thing that could make the pair correct is a correction from the usd for now.

Attachment
Update

I didn't wait the daily close on this one when i posted the chart.
Obviously it printed a reversal candle right on the resistance ...with high vol.
And like i said no real sign of selling on top...so lets see
Next daily candle will tell us more.
But the weekly is up and strong so far.

Attached Image (click to enlarge)
Click to Enlarge Name: usdhkk 03-12.png Size: 41 KB
COT: The precious data ignored
  • #38
  • Dec 3, 2010 12:04am Dec 3, 2010 12:04am
Update

usdnok and usdsek seems to be correcting...no vol on their way down...even though intradays top were sold.
Another 1000 pips correction maybe.

usdtry is correcting as well. Same as the nordic pairs
After bouncing off daily resistance, usdzar daily downmove seems strong. Broke the first support and attacking the second. The third and last one will lead to new lows.

eurpln is on its major support stated earlier at 3,9700.
And dips seems to have been bought. Tricky to play it intraday...spread is 180 pips on this one.

usdhkk still on top even though the daily is not good for longs.
usdsgd is on a major support area 1,3050-60. Break or not ?

Today is NFP so we will see later.
COT: The precious data ignored
  • #39
  • Dec 3, 2010 8:27am Dec 3, 2010 8:27am
Quoting kuroro001
usdsek and usdnok

They both bounced off daily resistance.
It may be the trigger for further sell off since intradays is selling every tops

Attachment

Attachment
usdsek finally reached its first support (yellow area) area after a drop of 2000 pips.
usdnok is 100 pips away from his support (second one or first big one..yellow area) from a 2000 pips drop as well.
COT: The precious data ignored
  • #40
  • Edited 3:38pm Dec 3, 2010 9:28am | Edited 3:38pm
eurpln

eurpln is on its major daily support. Hold or not ?
Loading a long here as long term trade with a target at 4,1500
Otherwise i will load lower if i see an opportunity.

Attached Image (click to enlarge)
Click to Enlarge Name: eurpln 03-12.png Size: 40 KB


Attached Image (click to enlarge)
Click to Enlarge Name: eurpln 03-12 H1.png Size: 47 KB


The daily didn't close as bounce though.
COT: The precious data ignored
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