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EURUSD

  • #553,061
  • Oct 21, 2011 5:52pm Oct 21, 2011 5:52pm
Quoting factorof2
I've been a fan of Bayern Munich and Man Untd. Not too long ago I was actually watching some of the Ukrainian teams, after their performance in 2006. I was really surprised by them
me too, i have been a fan of bayern and a HATER of manchester... lol
When life gives you lemons, make lemonade
  • #553,062
  • Oct 21, 2011 5:53pm Oct 21, 2011 5:53pm
Quoting tashkent
any Chelsea supporters here?
at the times when BALLACK was there
When life gives you lemons, make lemonade
  • #553,063
  • Oct 21, 2011 5:58pm Oct 21, 2011 5:58pm
Quoting tashkent
any Chelsea supporters here?
I am Arsenal fan.....
  • #553,064
  • Oct 21, 2011 6:03pm Oct 21, 2011 6:03pm
Quoting silas66
I am Arsenal fan.....
Me too ! Happy birthday to Professor Wenger
  • #553,065
  • Oct 21, 2011 7:24pm Oct 21, 2011 7:24pm
Just when one thought the oversold status of the all important Euro (by way of the market defining EURUSD) may have peaked and short covering resumed, we once again find that the technical reason (not to be confused with the fundamental one which has to do with EUR repatriation by French banks) why the EUR continues to melt up, and drag all 1.000 correlated assets along with it, is that after a brief retracement in mega bearish exposure in the currency as of last week, bearish sentiment once again returned, and after 8,902 net short non-commercial contracts were covered in the weekend ended October 11, the subsequent most recent week saw another 3,925 net shorts added according to the CFTC's COT report, bringing net short exposure back to near 2011 'highs' at -77,720 contracts. This is, to put it mildly, disturbing, because while stock pundits look at NYSE short interest, in this day and age of ultra low volume and liquidity algo trading, the only real transaction occur on the uber-levered margin: i.e., the EURUSD, where one pip delta translates in roughly 2 DJIA points. But it is explicitly disturbing because while the EURUSD has just closed at 1.39, or the highest (resistance) level since early September when the pair broke down, the net short interest now is well over double when the EURUSD first traded at this level.

Said otherwise, the squeeze can easily continue once the weak hands throw in the towel and force another major short covering rally, which drags the stock market with it. That is of course, unless reality finally manifests itself, the market realizes that all European bail out plans are unmathematical hodgepodge, and the EUR trades down to its fair value somewhere well lower (at least until the Fed's threats of MBS QE become reality). Then all fiat bets are off.
Don't be fooled by randomness
  • #553,066
  • Oct 21, 2011 9:11pm Oct 21, 2011 9:11pm
Quoting eu_trader
what do u think ?
I short at 1.39000 with $20,000 per pip..........go count my pips b4 asking me
Quoting eu_trader
the current 4 hour bearish candle is the start of a serious bear market!!!!!!!!!!
Quoting eu_trader
haha.....this pair is really going down.............no turning back..........i am up 100pips.............tt's $20,000 x 100pips = $2mil.
Quoting eu_trader
hhaha...............ur too naive to think EU will go further up.......haha
Quoting eu_trader
pls mark my words!!!!!!!!! i say it is going down to 1.3000............mark it
Nothing is certain mate, try not to be such an ass next time.
"Don't Panic..."
  • #553,067
  • Oct 21, 2011 10:16pm Oct 21, 2011 10:16pm
Quoting Halifax
Nothing is certain mate, try not to be such an ass next time.
Haha cool...
  • #553,068
  • Oct 21, 2011 10:23pm Oct 21, 2011 10:23pm
Quoting Yuchen
yes, it is closed at 1.3892

Some good R/R for a short here if there's a gap up
  • #553,069
  • Oct 22, 2011 1:17am Oct 22, 2011 1:17am
Quoting sidhujag
Some good R/R for a short here if there's a gap up
Jagu, how many pips we are talking about, on either side?
The Thief of Wall Street
  • #553,070
  • Oct 22, 2011 1:20am Oct 22, 2011 1:20am
Quoting Halifax
Nothing is certain mate, try not to be such an ass next time.
Halifax, please don't try to cut my supplies.
The Thief of Wall Street
  • #553,071
  • Oct 22, 2011 1:20am Oct 22, 2011 1:20am
Quoting Chicky
Jagu, how many pips we are talking about, on either side?
how are you mate?what is the next 500 pips direction for EU next week,would be interesting to hear your opinion
If there was easy money lying around,no one would be forcing it into your
  • #553,072
  • Oct 22, 2011 1:32am Oct 22, 2011 1:32am
Quoting FXMindset
how are you mate?what is the next 500 pips direction for EU next week,would be interesting to hear your opinion
I am good FXMindset. Thanks.

Of the same opinion about number of pips. I too feel 500 pips move ahead. But I am afraid to share my opinion, it differs from many here. But anyway, I do not trade based on price speculation, just supports and resistances for few pips on bounces. I will be taking small trades on supports.
The Thief of Wall Street
  • #553,073
  • Oct 22, 2011 1:34am Oct 22, 2011 1:34am
Quoting eu_trader
what do u think ?
I short at 1.39000 with $20,000 per pip..........go count my pips b4 asking me
agree 100% it will go to 1.31xx but maybe it need 1-2 weeks next
  • #553,074
  • Oct 22, 2011 1:36am Oct 22, 2011 1:36am
Quoting Chicky
Good.

Of the same opinion about number of pips. I too feel 500 pips move ahead. But I am afraid to share my opinion, it differs from many here. But anyway, I do not trade based on price speculation, just supports and resistances for few pips on bounces. I will be taking small trades on supports.
Nice bro,am learn that the price of speculation is very expensive
If there was easy money lying around,no one would be forcing it into your
  • #553,075
  • Oct 22, 2011 1:46am Oct 22, 2011 1:46am
Quoting FXMindset
Nice bro,am learn that the price of speculation is very expensive
500 move ahead, it means up or down ???
  • #553,076
  • Oct 22, 2011 1:58am Oct 22, 2011 1:58am
Quoting dashboard
500 move ahead, it means up or down ???
Seems hard to tell right now. Kind of depends on the EU summit this weekend and the gap on Monday. To me I feel like this bullish push is losing some of its momentum but many here believe we'll see the 1.40 to 1.41 area before we make any kind of pullback. I'll be sitting to the side until I get some clear signals on Monday. My charts show we ended Friday just below a major resistance level so I'll be interested to see where we head on Sunday and into the Monday London session.
  • #553,077
  • Oct 22, 2011 2:07am Oct 22, 2011 2:07am
Quoting Chicky
I am good FXMindset. Thanks.

Of the same opinion about number of pips. I too feel 500 pips move ahead. But I am afraid to share my opinion, it differs from many here. But anyway, I do not trade based on price speculation, just supports and resistances for few pips on bounces. I will be taking small trades on supports.


I agree with you and that the search for price speculation is only a way to release anxiety and insecurities. It is all in the bar (not the wine bar).

I trade the 5m tf and my decisions are based only on the construction of all the candle (opening, close, the first and last 20 seconds, and on and on...).

And when I really focus (not easy all the time) a return of 20% of my capital in a week is not impossible.

This is my experience and I would like to know your thoughts on this if you wish.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #553,078
  • Oct 22, 2011 2:08am Oct 22, 2011 2:08am
Quoting dashboard
500 move ahead, it means up or down ???
Nobody would know
If you have profit position then keep hold it and set your SL @ BE - expect unexpected
If you have loss position then take a look again your chart,its against your analysis or not,If yes cut your loss immediately.Dont need speculate that EU will surely move down or up

Dont be afraid of big drop or Big up,Dont need try pick a top or bottom because its quite expensive

Take Confirmation
1 2 and 3

there is always have chance for us
If there was easy money lying around,no one would be forcing it into your
  • #553,079
  • Oct 22, 2011 2:10am Oct 22, 2011 2:10am
Quoting mla


I agree with you and that the search for price speculation is only a way to release anxiety and insecurities. It is all in the bar (not the wine bar).

I trade the 5m tf and my decisions are based only on the construction of all the candle (opening, close, the first and last 20 seconds, and on and on...).

And when I really focus (not easy all the time) a return of 20% of my capital in a week is not impossible.

This is my experience and I would like to know your thoughts on this if you wish.

mla
20% a week? man..you are rich now if you compound each trade
If there was easy money lying around,no one would be forcing it into your
  • #553,080
  • Oct 22, 2011 2:12am Oct 22, 2011 2:12am
Quoting FXMindset
20% a week? man..you are rich now if you compound each trade
I am working on it.

your mate
mla
"The Heart is the hub of all dances; go there and chill out"
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