EURUSD | Page 28825 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #576,481
  • Dec 20, 2011 3:18am Dec 20, 2011 3:18am
We have broken an important 1.3039 level and it looks like eurusd is trying to be in bullish trend, waiting for confirmation
  • #576,482
  • Dec 20, 2011 3:19am Dec 20, 2011 3:19am
Quoting PipLord
wats the matter ??? swallowed hot pepper ...am telling to short at .3040 level u are getting mad ?
Mad? On the Internet? I think not....I am curious to know why your screaming short though....what got you to your conclusion? And since your screaming short...what arethe best levels to exit? En-lighten me please
  • #576,483
  • Dec 20, 2011 3:22am Dec 20, 2011 3:22am
Quoting xsuchyx
We have broken an important 1.3039 level and it looks like eurusd is trying to be in bullish trend, waiting for confirmation

nothing important about 39
  • #576,484
  • Dec 20, 2011 3:24am Dec 20, 2011 3:24am
A good place to short it is now,, just saying,, don't take my advice,
  • #576,485
  • Dec 20, 2011 3:24am Dec 20, 2011 3:24am
Target is 1.308x. A break and a hold above 1.3100 means bulls are in charge.

However, I am looking at having a tight stop around 1.308x, watch if price can break 1.3100 and if not then I think 1.308x will be a good area to short because long term trend is STILL BEARISH. Prepare for 1.28. This will be a retracement, but not a deep one in my opinion.
  • #576,486
  • Dec 20, 2011 3:27am Dec 20, 2011 3:27am
I hope pending news is the reason for this low volume....I'm out till it drops, I'm not taking any risks with the holiday approaching..
  • #576,487
  • Dec 20, 2011 3:29am Dec 20, 2011 3:29am
and I don't see any bullish trend either
Attached Image (click to enlarge)
Click to Enlarge Name: p1.gif Size: 21 KB
  • #576,488
  • Dec 20, 2011 3:32am Dec 20, 2011 3:32am
Quoting mohan76
fx never sleep (as it's on week end), low liquidity might take to roof ,

check your mt4 mail broker might have send you details, you may not able to trade cfd
yup had just rang my broker to confirm..
lol..money never sleeps..
Patience, Emotion Control and Discipline.
  • #576,489
  • Dec 20, 2011 3:34am Dec 20, 2011 3:34am
i can see a small x-mas bull need to break of 85 for confirmation
Attached Image (click to enlarge)
Click to Enlarge Name: eu1h.jpg Size: 104 KB
Mohan
  • #576,490
  • Dec 20, 2011 3:34am Dec 20, 2011 3:34am
Quoting xsuchyx
We have broken an important 1.3039 level and it looks like eurusd is trying to be in bullish trend, waiting for confirmation
breaking of 3080 can show little more upside. everything intact for now.
  • #576,491
  • Dec 20, 2011 3:36am Dec 20, 2011 3:36am
Quoting MaxDoom
and I don't see any bullish trend either
Agree. This last spike up was just the long awaited fib correction .618 of 2011.12.16 HH. Look at H4.
  • #576,492
  • Dec 20, 2011 3:36am Dec 20, 2011 3:36am
Quoting johncen
yup had just rang my broker to confirm..
lol..money never sleeps..
keep in mind support and resistant might not work. specially on 30/31 don't try to defend any level just go with flow.
Mohan
  • #576,493
  • Dec 20, 2011 3:40am Dec 20, 2011 3:40am
short ... not yet still 1.3080 in the cards
  • #576,494
  • Dec 20, 2011 3:43am Dec 20, 2011 3:43am
Quoting EuroTrader
short ... not yet still 1.3080 in the cards
I vote for 1.3060, the .236 fib retracement of 2011.12.09 HH.
  • #576,495
  • Dec 20, 2011 3:45am Dec 20, 2011 3:45am
Quoting DragonEye
I vote for 1.3060, the .236 fib retracement of 2011.12.09 HH.
Anyone got any news on spanish T- bill auctions this morning?
  • #576,496
  • Dec 20, 2011 3:47am Dec 20, 2011 3:47am
Good sell of the Spain bonds not for short yet
  • #576,497
  • Dec 20, 2011 3:52am Dec 20, 2011 3:52am
Quoting Cecil Gee
Anyone got any news on spanish T- bill auctions this morning?

more interesting developments in China.

Hedge fund alarm bells are ringing over China

By Sam Jones

The eurozone’s political tarantella may still be roiling global markets but some of the world’s savviest investors are already turning their attention elsewhere.

It is not trips to Brussels or Frankfurt that analysts at large, secretive hedge funds are planning in the first few months of 2012, but data-gathering exercises in Shenzen and Guangzhou.

The past few weeks have seen China loom large in the nightmares of many hedge fund managers still smarting from a less-than glory-filled 2011. Concerns are rising for the global outlook over the increasingly negative economic signals emanating from the country.

As the Emerging Sovereign Group, a $1bn hedge fund backed by Julian Robertson and half owned by Carlyle, one of the world’s biggest private equity groups, told its clients in a recent note: “[we have a] gathering sense that the next act of this rolling global debt crisis may well play out in the East.”

Take the most obvious barometer. The Shanghai Composite has been locked into a steady downward trajectory since April that has seen it shed over 27 per cent of its value since then.

ESG sent a team for a two week “deep-dive research trip” to China in October, an investor told the Financial Times.

“Even though an aggressive stimulus program allowed China to sidestep a post-Lehman recession, rendering events there, for a time, secondary to developments in the US and Europe, the Chinese economy could soon take centre stage,” the firm said.

ESG is a voice to listen to: it is one of the few hedge funds that saw the eurozone crisis coming, and has made its clients a considerable sum as a result. Its flagship fund made 39.6 per cent in 2010 and is up a similar amount this year.

It is far from being alone.

“In China, both the official and the HSBC PMI [a reading on manufacturing activity] suffered significant losses in November,” Brevan Howard, the world’s second largest macro hedge fund, with assets of over $32bn under management, wrote to clients in its latest letter. “Worryingly, domestic demand was showing the bulk of the weakness according to both metrics.”

Brevan’s focus remains on the eurozone and US, but it has little doubt that growth in China is set to “moderate.”

But part of the problem many hedge funds face, even large traders like Brevan, is in reading the official data, which only gives a partial picture.

Few things, seemingly, cause greater alarm in Mayfair’s converted townhouses or Greenwich’s discreet office blocks than a lack of information. “Reading the economic pronouncements of the Chinese government is like kremlinology,” laments one UK-based hedge fund trader.

Faced with obscure communications, hedge funds such as GLG Partners are hiring their own analysts and intelligence gatherers on the mainland to stand outside factory gates, and, quite literally according to one GLG insider, “count the cars”.

The biggest worry most have of China is not just a manufacturing slowdown, however, but the popping of a massive credit bubble, finding accurate data on which is even more difficult.

The Bank of China’s new “total social financing” measure, which purports to cover the full gamut of credit extension, has, as ESG points out, increased by the equivalent of over 90 per cent of current GDP in the three years ending in 2011.

Now the measure is beginning to decrease, perhaps indicating the first signs of a crunch.

The picture being painted certainly looks familiar: much of the wave of stimulus money released by Beijing since 2008 went into construction and property. And so it is that western traders, wary of the lessons of subprime America, are now looking with some astonishment at the price even modest properties command relative to average earnings.

In cities like Beijing or Shanghai, apartments are said by analysts to sell for as much as 30 times average annual income. Compare that to just under 6 times for the worst-stricken subprime properties in the pre-crash US.

Hugh Hendry, one of the hedge fund industry’s most voluble figures, has long been critical of China’s property boom. It is only recently, however, that a jerky, homemade video he uploaded to YouTube in 2009 has become something of a hit in hedge fund circles. His surreptitious film of soaring skyscrapers, empty malls and deserted developments has had over 113,000 views.

Indeed, Mr Hendry seemed like something of a Cassandra when he launched a “short China” credit fund earlier this year. His performance has spoken louder than his words, however. His short China fund is up 52 per cent as of the end of November, compared to a loss of 4.3 per cent for his average peer.

The read-across from such returns could have far-reaching implications.

As Jonathan Anderson, an emerging markets economist at UBS declared in March, China’s property market, much like that of the US before it, is probably, “the single most important sector in the entire global economy.”
  • #576,498
  • Dec 20, 2011 3:54am Dec 20, 2011 3:54am
I was hoping to see this kind of movement in supply zone.....now things are getting back to normal hopefully I can get my +15 and get out but with violatility the way it is...+5 would be great too.
  • #576,499
  • Dec 20, 2011 3:56am Dec 20, 2011 3:56am
successfully ... close long from bottom ...
  • #576,500
  • Dec 20, 2011 3:58am Dec 20, 2011 3:58am
Quoting PipLord
yep sell there !
257 traders viewing now