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  • #591,501
  • Feb 3, 2012 9:14am Feb 3, 2012 9:14am
yes meeting will be canceled because EU leaders intended to announce something that bad for euro. Their hope was to break the ultimate resistance to weak other currencies against euro before their bad announcements
Frauds
You cannot learn better without losing
  • #591,502
  • Feb 3, 2012 9:15am Feb 3, 2012 9:15am
looks like Fat Finger letting loose on the Buy Button...
  • #591,503
  • Feb 3, 2012 9:18am Feb 3, 2012 9:18am
Quoting Z3iz3i
It is getting all clear to me now why this dip was so deep.

10-year T-notes were bought sky high!

I can see why U/J has shot up (TNX went from 1.819 -> 1.943%).

I'm not familiar with the TNX - E/U connection... please educate me.

EDIT: wait a minute... that would generate enough isolated flow to drive the Euro down against the Dollar that far?
  • #591,504
  • Feb 3, 2012 9:19am Feb 3, 2012 9:19am
This bullish setup was pretty clear...it went through support below 1,3070..went up above 1,3100 then back inside 1,3070-1,3100 for some bids...and up!

Now it's right below 1,312x area...a move above it should lead to 1,316x & 1,320x again.

Still waiting for new highs though...im loosing hope
COT: The precious data ignored
  • #591,505
  • Feb 3, 2012 9:21am Feb 3, 2012 9:21am
looking for support maybe around 1.31 where the bottom of the daily triangle swoops through on 15 minute probably with a little stop hunting.
  • #591,506
  • Feb 3, 2012 9:23am Feb 3, 2012 9:23am
Because I was out I lost the big move on NFP , so I sold EUR/USD at 1.3099 only when ISM news appeared. The market as I can see is going up now.

Any input on how this will be played out? My guess is that it should go down at least to 1.3073 but most probably to ~1.3050

What do you think about this?
  • #591,507
  • Feb 3, 2012 9:25am Feb 3, 2012 9:25am
This is normal after big move to down. I think it go back down testing 1.26, but it can time. If close today near the 1.31 or bellow, this is very good for bears. :-)
  • #591,508
  • Feb 3, 2012 9:35am Feb 3, 2012 9:35am
Quoting Tellerton
I can see why U/J has shot up (TNX went from 1.819 -> 1.943%).

I'm not familiar with the TNX - E/U connection... please educate me.

EDIT: wait a minute... that would generate enough isolated flow to drive the Euro down against the Dollar that far?
I don't know but that seems to be the reason. Maybe foreign private investors and banks bought huge volumes of treasury notes, it overweighted equity buys and as a result euro dropped.

Otherwise it would have not happened.

Just blame China
They think they are smarter than I am.
  • #591,509
  • Feb 3, 2012 9:36am Feb 3, 2012 9:36am
Quoting kuroro001
This bullish setup was pretty clear...it went through support below 1,3070..went up above 1,3100 then back inside 1,3070-1,3100 for some bids...and up!

Now it's right below 1,312x area...a move above it should lead to 1,316x & 1,320x again.

Still waiting for new highs though...im loosing hope
on the daily long term, the bullish move has just gotten started imo
  • #591,510
  • Feb 3, 2012 9:38am Feb 3, 2012 9:38am
Quoting Z3iz3i

Just blame China

that's right , any think above our knowledge , we have china to blame
Mohan
  • #591,511
  • Feb 3, 2012 9:40am Feb 3, 2012 9:40am
thanks God I was out and skipped this mess
the congestion on m5 was broken out 6(!) times in opposite directions b4 the 7th time it ran south
  • #591,512
  • Feb 3, 2012 9:42am Feb 3, 2012 9:42am
Quoting kuroro001
This bullish setup was pretty clear...it went through support below 1,3070..went up above 1,3100 then back inside 1,3070-1,3100 for some bids...and up!

Now it's right below 1,312x area...a move above it should lead to 1,316x & 1,320x again.

Still waiting for new highs though...im loosing hope
Maybe, but we are in a intra day downtrend until 1.3132 is broken. We have already broken the uptrend on the hourly and 4 hr. To be fair, you can make an argument that we broke the downtrend on the daily (which I would disagree) but we should still have a retracement before make a leg up (assuming the daily downtrend was broken)
  • #591,513
  • Feb 3, 2012 9:42am Feb 3, 2012 9:42am
after the testing and stop hunting it should dive down again before london close and into the next week,should see 1.2950 again next week.
  • #591,514
  • Feb 3, 2012 9:43am Feb 3, 2012 9:43am
Quoting Z3iz3i

Just blame China
Hey, that's Donald Trump's line.
  • #591,515
  • Feb 3, 2012 9:44am Feb 3, 2012 9:44am
Quoting todstars2
looking for support maybe around 1.31 where the bottom of the daily triangle swoops through on 15 minute probably with a little stop hunting.
right on the money.

about time i got that timing right...

got a little hopium going here ;-)
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  • #591,516
  • Feb 3, 2012 9:47am Feb 3, 2012 9:47am
Quoting pinkiaiii
after the testing and stop hunting it should dive down again before london close...
My thoughts exactly.

Or move back upto around 3170 area.
  • #591,517
  • Feb 3, 2012 9:50am Feb 3, 2012 9:50am
World Bank's Zoellick ECB has bought time, but in his opinion it won't be enough.
  • #591,518
  • Feb 3, 2012 9:53am Feb 3, 2012 9:53am
S&P's Chambers says Greece should be cut to D ( default ) on its debt swap.
  • #591,519
  • Feb 3, 2012 9:55am Feb 3, 2012 9:55am
Stuck at the 1,312x resistance which could lead to a move back below 1,3100 if rejected again
COT: The precious data ignored
  • #591,520
  • Feb 3, 2012 9:57am Feb 3, 2012 9:57am
Quoting Z3iz3i
It is getting all clear to me now why this dip was so deep.

10-year T-notes were bought sky high!

EDIT: Better to remember this from now on and NFP does not bring bad surprises.

hey mate,

where did u get this info??

i was asking guys from GS but they had no clue about it...here is chart of 10yrs treasuries and they dropped hard - seems like they were sold out a lot
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