EurAnalysis

Order Executed

high density news's are lined up..what u think .... TP or SL

this is the most interesting morning in months. the risk on/off relationship is faltering. we are in for an amazing year

great jobs, good unemployment -> equities flat/lower

i hope you guys have a sound trading tecnique or stop loss

I'm seeing more down potential. The next area has a top around 1.2735 and not really anything between here and there to stop it.


edit: But then again anything is possible. One never knows what New York really wants to do anymore.

12500ish could well be on its way

http://www.actionforex.com/action-in...0120105156747/

Snippet:

Mid-Day Report: Strong US Job Data Offset European Debt Worries

Risk markets were sold off deeply earlier today after French borrowing jumped in today's bond auctions even though demand was solid. In addition, Markets are in deep worry of the situation in Hungary and the possible impact on European banks. However, risk markets are staging a strong rebound in early US session afte strong employment data. The ADP report showed an impressive 325k expansion in the private job sector in December, nearly double of expectation of 175k. That's also the strongest number since ADP survey began in 2001. Planned layoff, according to the Challenger report, dropped -1.6% mom in December, making the lowest number since June. Initial jobless claims also dropped slightly to 372k in the week ended December 31.

Major European indices extend the intraday rebound and is nearly flat at the time of writing, so are major US index futures. Commodity currencies follow and recovered against the greenback but strength in European majors is unconvincing. Indeed, EUR/AUD dived to new record low at 1.245 after the release of US data. Focus will turn to ISM services index later in the session and a strong number there should send DOW through 12500 and give Aussie and Loonie further boost. Though, again, European majors are expected to lag behind.

France sold a total of EUR 7.96b of 10- to 30- year bonds today, near to the maximum target of EUR 8b. Demand was solid with bids at nearly EUR 15b. Though, the yield on benchmark 2021 bonds rose to 3.29%,, up from December's 3.18%. Meanwhile, Hungary signalled that it's open to negotiation of a standby loan with IMF as the currency crisis deepens. The Hungarian forints dived to new record low against the already weak Euro today while CDS jumped to new record high for the third consecutive days.

Other data released today saw Japan monetary base rose 13.5% yoy in December. Australian trade surplus shrank to AUD 1.38b on reducing mining export volume and increasing capital goods import. Eurozone industrial new orders rose 1.8% mom in October, PPI moderated to 5.3% yoy in November. Canadian IPPI rose 0.2% mom in November while RMPI rose 3.8% mom.

We have the daily S2 support at 1.2790
If it doesn't hold, next stop I see is at 1.2773 area
I also see Bullish Divergence on all time frames but in times of panic, that means nothing. Bias is to the downside today unfortunately. Definitely risk off.
Tomorrow is another day. NFP and unemployment rate for US may just give us that correction I have been waiting for.

I can go with that. I have S2 in the same area. This is more of an OMG Europe's falling apart, rather than any positive numbers from the US. And I do believe a correction or some more consolidation is in the works.

This is why I have been flat. I can't read it.

Let it retrace..hammer seen at 15 min..

Well i was stopped out last night as i slept...but all is well i live to trade another day im going to have to sit on my hands and wait for nfp tommorow to see if we get the correction ive expected starting on the Jan 3rd. i defenitley see more downward movement fro e/u but a real correction is due soon enough ! ill be keeping a eye on it green pips to everyone

Now, would we be expecting a correction based on technicals only, or are we expecting a fundamental reason to develop for this correction? The one possibility is that many of the long term shorts that may have been held will begin to close out at these levels, which will push the pair back up for the time being, but its also possible that a majority of the shorts hold on if there is no sign of some dampening to the problems in EU.

I agree that the NFP tomomrrow may be a defining factor but may end up causing a different reaction. If there is no relief in EU, better US data may actually spur dollar buying over euro's (which in my opinion may be slowly losing its "buy when risk-on" status)... Only time will tell, still holding onto my usd/chf long and looking for a possible correction in that as well if eur corrects. I'll wait until after tomorrow before adding any additional trades, and will likely close this one out today. I'm def. waiting on the correction in the eu before shorting that as well.

USDCHF is at (in zone) resistance. Good signal that EURUSD is going to correct.

USDCHF at resistance and pivot R2.
EURUSD is at pivot S2.
GBPUSD is at S3.
AUDUSD is also at S3.

I'm watching USDCHF.

When prices are cheap, it's time to buy. Only question now is "How cheap is cheap?"

ADD: Reminds me of Dell Computer's online specials.

Week 1: On line special (Configuration A) on sale for $699 (Expires at end of week)
Week 2: On line special (Configuration A) on sale for $599 (Expires at end of week)
Week 3: On line special (Configuration B... more powerful than Configuration A) on sale for $499 (Expires at end of week)

and it goes on and on

Just out of curiosity, are you trading today PT or waiting until tomorrow?

I am waiting for NFP, but I still have my short position open at 1.3410 since 9th December. Almost 1 month now. Currently +620 pips in profit around 30 pips/day average

no doubt he got that right.

accumulating longs on my end..


the short i had is at few pips of BE + 2



i belive we'd get a retest of 2880-2900 by end of US session tommorow.

my stop loss for the buys is around 26 hours from now. if nothing hapens then then its a bye bye.
squares show possible retrace points

I'm impressed by those that can do this. I'm a short term trader, as my psychological makeup does not allow me to do as you do.