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EURUSD

  • #367,901
  • Jan 19, 2011 6:36am Jan 19, 2011 6:36am
Quoting Vilgax
I agree that it will go down but it looks (again) like it wants to take out the high from this morning first 3507 and THEN it's down. I have a small long from 3471 to TP @ 3511. Lets see....
Going down!!! Maybe, but only until 1,3435. Then it will be just LONGGGG...
Why do I say this? It seems SAMA is waiting at 1,3435. This information was released:

This is very interesting. Well I think so!!
Written by Gerry Davies
January 19, 2011 at 12:05 GMT
There is talk SAMA has a bid interest lined up down at 1.3435.
Source just told me market participants are front running this interest, placing their stops just below the said 1.3435 (just incase interest overcome)

Source: forexlive

Last time I remember they entered the market, the pair moved more than 350 pips in one day.
  • #367,902
  • Jan 19, 2011 6:36am Jan 19, 2011 6:36am
Quoting PayTheLimit
long 3466, sl 3455, tp 3496....

sl 3466 now...
Look Sharp/Trade Tight
  • #367,903
  • Jan 19, 2011 6:37am Jan 19, 2011 6:37am
How its going muddbuddha long time no see...
  • #367,904
  • Jan 19, 2011 6:38am Jan 19, 2011 6:38am
Quoting JuliusCeasar
True about the swiss but i just can't get myself to buy dollars at the moment.

Dollar supply might be overwhelming demand.

Question of who can pee further with respect to dollar strength/weakness
JuliusCeasar: Trade technically, support held and fundamentally the swiss will be seriously hurt if the franc continues to appreciate. Follow the sentiment. A country is trying to defend its export sector feverishly.

Lets see what happens. You do have the option of placing a stop order.
  • #367,905
  • Jan 19, 2011 6:41am Jan 19, 2011 6:41am
Quoting zaphy
I think this will turn out to be hype. They have lost shitloads on defending the franc with no success, and if they wanted to intervene they could have done it instead of calling a press conference. I reckon they are going to say 'this really hurts us' and we would like the markets to sell the franc...I'm not saying there can not be a nice spike...but the strong franc is here to stay until the eurozone recovers.

Just my 0.02$. Don't trade it .
PS. I do plan to short it once the dust settled.
Zaphy: You are correct with your interpretation, the question is which one will pan out. In the meantime one can calculate the risk and take the trade or sit on their hands.

Im currently sitting on my hands with the EUR - so I understand your point.
  • #367,906
  • Jan 19, 2011 6:44am Jan 19, 2011 6:44am
Here is my drawing of the diamond ....Disregard the other lines and the indicators
Attached Image (click to enlarge)
Click to Enlarge Name: diamond.gif Size: 32 KB
  • #367,907
  • Jan 19, 2011 6:47am Jan 19, 2011 6:47am
Quoting zaphy
I think this will turn out to be hype. They have lost shitloads on defending the franc with no success, and if they wanted to intervene they could have done it instead of calling a press conference. I reckon they are going to say 'this really hurts us' and we would like the markets to sell the franc...I'm not saying there can not be a nice spike...but the strong franc is here to stay until the eurozone recovers.

Just my 0.02$. Don't trade it .
PS. I do plan to short it once the dust settled.
Zaphy: The exit strategy is to FLAT a top side failure, just in case, so I wouldve atleast caught some of the move.
  • #367,908
  • Jan 19, 2011 6:48am Jan 19, 2011 6:48am
Key level intraday. London is about to give up shorts. US open will define this and reports can propel the move.

Let see if 1.348x holds, this is the last intraday defense for bears.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #367,909
  • Jan 19, 2011 6:48am Jan 19, 2011 6:48am
Yesterday jumped my own knife and got stabbed with few trades :/ its stupid when you say one thing to others and dont believe it yourself.Anyone jumping in short on euro,make sure u have enough margin to take up to 1.38xx ,it might not go that far but spikes are possible,im basing this that euro is in flat correction now and monthly chart is missing final wave up.
  • #367,910
  • Jan 19, 2011 6:49am Jan 19, 2011 6:49am
lol at swissy longs : /
Hero calls followed by margin calls...
  • #367,911
  • Jan 19, 2011 6:49am Jan 19, 2011 6:49am
back to daily high
Hero calls followed by margin calls...
  • #367,912
  • Jan 19, 2011 6:50am Jan 19, 2011 6:50am
PTL in the groove today, well done mate...
  • #367,913
  • Jan 19, 2011 6:50am Jan 19, 2011 6:50am
Quoting PayTheLimit
long 3466, sl 3455, tp 3496....
done +30...lucky on the sl...
Look Sharp/Trade Tight
  • #367,914
  • Jan 19, 2011 6:51am Jan 19, 2011 6:51am
Quoting gh0stjpy
Hi, can anyone tell me how i would execute the following trade which
is basically if a price is reached to enter a trade and then to exit
when another certain price is set, i believe this is an ORDER:

using last night example: EUR.USD was @1.3387

I would like to place a ORDER whereby if the price
hits 1.3407 i want a BUY to occur and then close if it reachs
25pips ie: 1.3432

How would i do this esp on a SB betting platform which i use? or if not poss what kind of account would i need to do such a trade?? thanks in advance.

You define an entry "stop order" then at 1.3407 ... linked with an "if done limit order at 1.3432" ...

"Stop" order ...

combined with ...

"If done" order ...

that's all ...

Stop orders can be used as entries as well ... and mostly they are very profitable within a very short time ...

Entry stops ... placed at levels ... where others think ... it is a convenient and jolly good place to limit their losses ... are often the best trades at all ...

That is why "Stop" orders are made for I would like to say ... place it at levels which are unexpected ... and you will get a cup surprise then ...


2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #367,915
  • Jan 19, 2011 6:51am Jan 19, 2011 6:51am
Quoting FibbinArchie
PTL in the groove today, well done mate...
thanks brother, every dog has its day....
Look Sharp/Trade Tight
  • #367,916
  • Jan 19, 2011 6:52am Jan 19, 2011 6:52am
  •  Vilgax
  • | Joined Aug 2010 | Status: Lack of money is root of most evil | 466 Posts
Quoting Mr Bull
Going down!!! Maybe, but only until 1,3435. Then it will be just LONGGGG...
Why do I say this? It seems SAMA is waiting at 1,3435. This information was released:

This is very interesting. Well I think so!!
Written by Gerry Davies
January 19, 2011 at 12:05 GMT
There is talk SAMA has a bid interest lined up down at 1.3435.
Source just told me market participants are front running this interest, placing their stops just below the said 1.3435 (just incase interest overcome)

Source: forexlive

Last time I remember they entered the market, the...
well the Murrey pivot on the daily is 1.3672 so could happen that way too..lets see
The forex market has its own life and takes its own time.
  • #367,917
  • Jan 19, 2011 6:53am Jan 19, 2011 6:53am
Quoting Hda
JuliusCeasar: Trade technically, support held and fundamentally the swiss will be seriously hurt if the franc continues to appreciate. Follow the sentiment. A country is trying to defend its export sector feverishly.
Lets see what happens. You do have the option of placing a stop order.

I did short 9635 yesterday NY

If the whole world favors a weak dollar the swiss will only provide spikes which won't last

Technically when i open a monthly chart from year 2000 i see it starts upper left of my screen(1.83) and has been heading towards lower right of my screen(0.9)


look at current Hour candle

if it breaks out of .9500 i target 0.9000
Mind over matter..I don't mind and you don't matter.
  • #367,918
  • Jan 19, 2011 6:53am Jan 19, 2011 6:53am
Quoting paul1
Ok eur have got debt issues but usd have the highest debt in history and eur is getting a lot of support from other nations ,asian nations seem to be the ones with the money and power at moment europe and gb ,usd are the biggest debters .
The fact that asia is purchasing eur debt does that not make it seem eur is the least ugly sister foe now?

Dont think I seen it reported they been buying us debt but if they have that would alter my view.
Last night I started reading the HindeSight report. I am now on page 30 of 45. It comes from Hinde Capital. I am not sure if it is available to all but just in case the website is www.hindecapital.com

They are an extremely competent source. Here are some of their highlights on this topic.

From their December 2010 letter "The Euro Brady Bunch"
The EFSM is a self-perpetuating mechanism of debt contagian and intolerance. If Portugal is bailed and it will be, the funding pressure will escalate for Spain and then Italy. The recent Portuguese 10 Year auction was a great example of financial oppression. The deales took the bonds down onto their bank balance sheets and the ECB stood firmly in the market on the bid in the prior week.

Celtic Clawback coming

We would use this opportunity in Euro strength to exit euro holdings and construct bearish euro currency and bond trades. The mess is far from over. The bailout mechanism is insufficient.

House of Horrors

Moving our attention to the other side of the pond, foreclosure gate is preventing a recovery in the housing market in the USA.

Ben we doubt will do a Trichet. Rates and reduction of of balance sheet and FED is not an option. His testimony was very dovish. He is acutely aware that with a true unemployment rate of 17% with individuals now dropping out of the labour pond that to get the unemployment headline rate of 9.4% down to 5% will require GDP at 4%

BOTTOM LINE - Robert99

We have a race to the bottom and they will take turns swapping positions. At 1.3500 we may be ready to do a reverse again. Events unfolding will determine that like the upcoming Irish General election.
  • #367,919
  • Jan 19, 2011 6:54am Jan 19, 2011 6:54am
Quoting PhAnTi'
back to daily high
Hero calls followed by margin calls...
  • #367,920
  • Jan 19, 2011 6:54am Jan 19, 2011 6:54am
whats at 3516..anyone, I remember gator talking about it this morning..
Look Sharp/Trade Tight
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