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EURUSD

  • #499,661
  • Jul 26, 2011 5:44am Jul 26, 2011 5:44am
Quoting PayTheLimit
sl's at 58/59/60ish...
sold them out...flat...
Look Sharp/Trade Tight
  • #499,662
  • Jul 26, 2011 5:45am Jul 26, 2011 5:45am
4520 resisting on 8 hour timeframe...
  • #499,663
  • Jul 26, 2011 5:47am Jul 26, 2011 5:47am
Hi!
H&S on Eurousd chart!
  • #499,664
  • Jul 26, 2011 5:47am Jul 26, 2011 5:47am
Quoting pipper
Thanks Cloggie. Fired it up there. Hopefully we'll get a shot at 4525 or more

We are trading fear here today. "D" day is in the traders' mind here. The dollar is the dominant half of this pair and today the debt issue in the EU has been placed on the back burner on the back of Obamarama's comments last night. For 4525 to come into play we need a solid rejection of 65, as I mentioned in my post a few pages back. DAX forming a new high with the DOW and es back to risk on mode will give us that 4525. No movements/ clear direction in equities just means we stay in scalping mode here to fight over 65. As I posted earlier, I for one will not be taking a trade in anticipation and will only scalp rejections till we have a clear range break with good momentum. For the London traders who missed the Asia run, eyeballing each other to see who caves in first is the order of the morning here.

The London open saw some clear profit taking initiated by Franky and not disputed by London, that just tells me that there is no clear appetite yet to take this further north.

Keep playing of 65 either way for now.
  • #499,665
  • Jul 26, 2011 5:48am Jul 26, 2011 5:48am
Quoting PayTheLimit
sold them out...flat...

whats next my friend?

Im still waiting to see this sucker make a decision from the low 60's


till then I covered a quick 15 on AJ
  • #499,666
  • Jul 26, 2011 5:50am Jul 26, 2011 5:50am
Quoting Zink
Hi!
H&S on Eurousd chart!
Quote
FOREX MANAGER ACCOUNT
http://www.myfxbook.com/strategies/zink-ea/3691

omg
Hero calls followed by margin calls...
  • #499,667
  • Jul 26, 2011 5:50am Jul 26, 2011 5:50am
Quoting Wulfgar
whats next my friend?

Im still waiting to see this sucker make a decision from the low 60's


till then I covered a quick 15 on AJ
´nap.
Hero calls followed by margin calls...
  • #499,668
  • Jul 26, 2011 5:50am Jul 26, 2011 5:50am
Quoting Wulfgar
whats next my friend?

Im still waiting to see this sucker make a decision from the low 60's


till then I covered a quick 15 on AJ
well I just though, if this is such a great level to buy, how come we are getting a second chance....might be wrong, and the buyers might show up on the hour, but it smells a little...
Look Sharp/Trade Tight
  • #499,669
  • Jul 26, 2011 5:53am Jul 26, 2011 5:53am
rally in swissy...

Inserted Video
  • #499,670
  • Jul 26, 2011 5:54am Jul 26, 2011 5:54am
Quoting cloggie
We are trading fear here today. "D" day is in the traders' mind here. The dollar is the dominant half of this pair and today the debt issue in the EU has been placed on the back burner on the back of Obamarama's comments last night. For 4525 to come into play we need a solid rejection of 65, as I mentioned in my post a few pages back. DAX forming a new high with the DOW and es back to risk on mode will give us that 4525. No movements/ clear direction in equities just means we stay in scalping mode here to fight over 65. As I posted earlier, I...
thanks for the analysis cloggie

did you happen to notice the CME press release today stating that starting thursday they are going to raise collateral haircut on US govt T-bills from 0.0 to 0.5%?? very very bad news for the USD also all other classes of bonds, Notes, and strips will have thier CH raised 1%...even agency debt

things may get very very ugly for the USD very soon
  • #499,671
  • Jul 26, 2011 5:54am Jul 26, 2011 5:54am
Thanks for the heads up cloggie, very much appreciated.


Quoting cloggie
We are trading fear here today. "D" day is in the traders' mind here. The dollar is the dominant half of this pair and today the debt issue in the EU has been placed on the back burner on the back of Obamarama's comments last night. For 4525 to come into play we need a solid rejection of 65, as I mentioned in my post a few pages back. DAX forming a new high with the DOW and es back to risk on mode will give us that 4525. No movements/ clear direction in equities just means we stay in scalping mode here to fight over 65. As I posted earlier, I...
  • #499,672
  • Jul 26, 2011 5:54am Jul 26, 2011 5:54am
The EU problem has not gone away overnight. Their changed focus of sorting out the debt issue only means that further interest hikes are of the table for now. You can't have both. That means that the bull run of the euro this year may well come to an end here in the next few weeks. All eyes right now are on the dollar, very opportunisticly this week I may add, as we all expect the US to pass a bill to raise the debt ceiling. They are just playing a political game right now, O wants a raise for a year to clear the primaries, the Republicans want 6 months so it gets back on the agenda again.

T-bills losing their rating will have humongous and disastrous effects, not just for interest rates, but T-bills are interbank currency right now, as solid as gold is, and a lowering of the rating will have trickle down effects on interbank lending and cash flow, which will get us to round 2 of a global lack of capital. Does Obamarama really want that on his record?
  • #499,673
  • Jul 26, 2011 5:55am Jul 26, 2011 5:55am
Quoting cloggie
The EU problem has not gone away overnight. Their changed focus of sorting out the debt issue only means that further interest hikes are of the table for now. You can't have both. That means that the bull run of the euro this year may well come to an end here in the next few weeks. All eyes right now are on the dollar, very opportunisticly this week I may add, as we all expect the US to pass a bill to raise the debt ceiling. They are just playing a political game right now, O wants a raise for a year to clear the primaries, the Republicans want...
have you been following LIBOR lattely?
Look Sharp/Trade Tight
  • #499,674
  • Jul 26, 2011 5:57am Jul 26, 2011 5:57am
Quoting PayTheLimit
well I just though, if this is such a great level to buy, how come we are getting a second chance....might be wrong, and the buyers might show up on the hour, but it smells a little...
price doesnt seem to be reacting too bad here... I have my finger on the trigger to close my EJ short from 113.15 if we get a bounce on EU.... sure isnt behaving like it wants to bounce...
  • #499,675
  • Jul 26, 2011 5:57am Jul 26, 2011 5:57am
seeing realistic potential for retrace to 40 area, if eu fails to gain any short term traction above 80...
  • #499,676
  • Jul 26, 2011 5:58am Jul 26, 2011 5:58am
Always appreciate your insights Cloggie

Quoting cloggie
We are trading fear here today. "D" day is in the traders' mind here. The dollar is the dominant half of this pair and today the debt issue in the EU has been placed on the back burner on the back of Obamarama's comments last night. For 4525 to come into play we need a solid rejection of 65, as I mentioned in my post a few pages back. DAX forming a new high with the DOW and es back to risk on mode will give us that 4525. No movements/ clear direction in equities just means we stay in scalping mode here to fight over 65. As I posted earlier, I...
Disclaimer: Check your 1m charts
  • #499,677
  • Jul 26, 2011 5:58am Jul 26, 2011 5:58am
Quoting Wulfgar
price doesnt seem to be reacting too bad here... I have my finger on the trigger to close my EJ short from 113.15 if we get a bounce on EU.... sure isnt behaving like it wants to bounce...
sure and the bulls can step in and paint the close..but I figured I can get back in latter if I have to..plus, I'm out of smokes...
Look Sharp/Trade Tight
  • #499,678
  • Jul 26, 2011 5:58am Jul 26, 2011 5:58am
Quoting PayTheLimit
have you been following LIBOR lattely?

It is next to nothing right now, purely based on T. That is not going to last for very long once the rating gets cut and we will see 5%+ again in no time. That will hurt the global economy more then this grandstanding in the US right now.

July is .7335, of the year high of .7903
  • #499,679
  • Jul 26, 2011 5:59am Jul 26, 2011 5:59am
Quoting FibbinArchie
seeing realistic potential for retrace to 40 area, if eu fails to gain any short term traction above 80...
4440 or 4000 ?^^
Hero calls followed by margin calls...
  • #499,680
  • Jul 26, 2011 6:00am Jul 26, 2011 6:00am
loony about to die....
Hero calls followed by margin calls...
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