EUR/USD touch firmer as European trading gets going | Forex Factory

  • EUR/USD touch firmer as European trading gets going

    From forexlive.com

    We’re up 15 pips since I sat down, presently at 1.3275. We remain ensconsed in well-trodden range. Barrier option interest well-documented up at 1.3300, protective sell orders lined up just ahead of said level. Buy stops seen gathered through 1.3325.

Comment Options
Bakker
Feb 23, 2012 1:50am
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Guys switch off your computers, go fishing and come back late Friday and you will see what to expect from Monday onwards. If the Eur couldn't manage to break higher at 3305 by Friday, you can sell, maybe before that.
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Bakker
Feb 23, 2012 1:54am
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Quoting jonahky7
euro is struggling very much to go up..... but please please I beg you don't get stuck in between 1.3282 and 1.3262 whole day - go somewhere

Buyers power is weak, so are sellers
At least there's more life in it than last couple of days.
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Patience
Feb 24, 2012 3:50am
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Quoting Bakker
Get ready for a nice ride south. Morgan Stanley advises to sell Eur. Weekly pin still intact for a good southbound operation.
Here is an article that may help you, written by our very own superstar woman trader, Jade Gate.

Enjoy!

http://www.downtownforex.com/2009/06/16/forex-the-hidden-curse-of-bias/
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Gaaikema
Feb 23, 2012 2:30am
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Quoting jonahky7
Good to have someone on the same boat as moi - a bear. But just be careful on bear - G20 meeting on Saturday. I won't hold too long for any pair.

Busy scalping this morning - so far 78pips and now awaiting the big one down

Just don't get stuck at 1.3262 and 1.323 again
Why down Jon with IfO coming up?
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Gaaikema
Feb 23, 2012 8:21am
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Quoting jonahky7
I won't agree with that, there are invisible QE3 going on which we may not know.
Don't forget a possible downgrade of Portugal. Tomorrow? and after that long for the G20. My instinct.
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Sanguis
Feb 23, 2012 2:02am
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EURO-DOLLAR: Traders point out that the downtrend line drawn off Feb9
highs at $1.3322 and linking to Feb21 highs at $1.3293 comes in at
today's high of $1.3287. No particular name linked to the early upside
push in euro-dollar, some suggest demand seen via crosses. A break of
$1.3287 to open that $1.3293 level with offers seen from here, extending
to $1.3300. Above the figure and the 100-dma at $1.3308 moves into view
ahead of the Feb9 high at $1.3322. Euro cross shorts seen under pressure
which will play out on a break above $1.3330 as stops seen from here
through to the reported barrier at $1.3350.
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Sanguis
Feb 23, 2012 2:35am
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EURO-DOLLAR: Morning's recovery in euro-dollar, as well as yesterday's
improvement in Belgian business confidence, seems to have prompted
specualtion that today's Ifo out of Germany will come in on the stronger
side. Rate trades around $1.3295, with rate so far holding off a trade
at $1.3300, with high on the platform posted at $1.32999.
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Sanguis
Feb 23, 2012 3:28am
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EUR/USD
"For now, we are likely to remain captured within a $1.3180-$1.3280 range, with only a break of $1.3150 or $1.3322 signifying accelerated break-out risks"
- CIBC (based on WSJ)
Today EUR/USD currency pair is likely to be traded frat. A tough resistance zone at 1.3300/22 should contain intraday rallies and send the pair down to 1.2974.
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Sanguis
Feb 23, 2012 3:38am
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EURO-DOLLAR: Stops triggered as rate moves through $1.3330, with traders
noting recent report that smart buyers were picking up euros in the
$1.3310/15 area. Rate extends to $1.3338, with profit take sales seen
countering the initial break. Further stops have been reported to
barrier interest at $1.3350, one trader noting that larger stops are
seen between $1.3340/50.
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Sanguis
Feb 23, 2012 3:50am
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EURO-DOLLAR: Leveraged names provided additional demand that took rate
on to $1.3342. Option barrier at $1.3350 seen as the next topside
interest, with stops above here expected to bring $1.3380 into view.
Rate currently trades around $1.3330.
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Sanguis
Feb 23, 2012 4:56am
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Quoting jonahky7
I would side with Goldman at least before G20 meeting. After that, I'm most probably with Morgan.

There is a reason for the rally.........
The freefall of the euro comes soon. I would not dare to be long on these levels.
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Sanguis
Feb 23, 2012 5:55am
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Quoting webart
Interest info you post Sanguis, thanks. Dosn't seem to be knocking the EUR around too much though.
You're welcome. If US, French and German choices would not be the euro 1, 2 would work already.
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Sanguis
Feb 23, 2012 10:42am
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GREECE/EURO-DOLLAR VIEW: Steve Barrow and Jeremy Stevens of Standard
Bank says if rating agencies declare Greece in default, but the
CDS does not pay out, eurozone officials will not shed tears. "They will
see it as a victory against an instrument that might have seemed a
genuine hedging tool some time ago, but has rapidly descended (in their
eyes) into a tool that speculators can hit policymakers with," the
strategists say. They maintain that the CDS market is unlikely to die
and view the instrument as providing helpful information, especially
for developing FX trends. "This is because some sovereign CDS are priced
in dollars (most CDS) and other currencies in some countries," they say.
In the past few months, there has been "an upward spike in the ratio of
dollar CDS to euro CDS." Prior spikes have seen a sharp reversal in the
ratio, with the euro slipping as a result. More recently, dollar
CDS/euro CDS spreads have fallen - suggesting scope for the euro to move
lower going forward, the strategists say.
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wlarimer
Feb 23, 2012 7:19pm
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Quoting Sanguis
Eu forecasts italy's economy to contract 1.3% this year - *eu forecasts spanish economy to contract 1.0% this year
That must mean the market makers will drag e/u up to 134.
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turanius
Feb 23, 2012 1:12am
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The market is so DUMB sometimes like the last few days and sitting on a range trade with 15-20 pips trading hours, instead selling the EUR and cashing in big time with min. 150-200 pips in few hours only, because EUR has no ground to stay in this level anymore after having been pushed up by "roumours" and "hopes" which no more exist...secondly they also seem to have forgotten the most important rule "buy the rumour" (which they did) and sell the fact. Also even the weekly chart is showing "strongly overbought"....what kind of trading is this??? sometimes, I would like to be a virus and enter the forex and send some currencies within minutes where they belong lmao....would I be then judged for insider trading if I traded :-)))
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turanius
Feb 23, 2012 1:24am
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Quoting 24bazar
Where do you see the market overbought? Weekly rsi is 47 at the moment
RSI is not all which determines the technical analysis but also stoch...look at the stoch on the 4H, daily and weekly chart, all overbought..RSI only shows the strenght about where the price is and stoch shows the time to sell and buy, and currently (few days already) major timeframes are overbought PLUS no fundamental reasoning for the EUR to stay where it has been pushed by manipulation
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turanius
Feb 23, 2012 1:53am
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Quoting jonahky7
euro is struggling very much to go up..... but please please I beg you don't get stuck in between 1.3282 and 1.3262 whole day - go somewhere
EUR has only one way to go and this is down, since it has lost pretty much momentum to the upside but has at least 200 pips space downward, simply because of the same fact you say "struggling to go up"
Reply
turanius
Feb 23, 2012 2:25am
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Quoting Tw0eleven
Looks like no news is good news for euro today. Although I saw Spain is asking for a handout/bailout somewhat now. Guess we'll get another "hope" rally that they'll get one!
No, should the demand for a bailout be more specific then there will not be any hope rally but dump rally until the EUR has re-tested the 1.26 level (only if it stops there)...if it then breaks 1.26, I see it already dip to 1.20 level before it can go up again
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Valerka
Feb 23, 2012 3:57am
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EUR shows strength this morning, and against others....so if we stay in levels more than .3280 it could nice up trend for several days, but if it drops below than I give my 2 cents for at least 100pip drop....
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Valerka
Feb 23, 2012 4:24am
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Quoting jonahky7
It shows strength not becos of pure strength, it's mainly by the US investment bank There is a difference, but hey this whole thing is manipulated by these big players. Just watch the space.
That was my point that this brake up is more forced by buying SLs by someone and not correlated with other pairs and assets...
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Valerka
Feb 23, 2012 6:25am
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Quoting wawasalsa
ok i change my mind but i will kill my self if it go again over 1.3310 ....thanks for the advise
...in FX there always will be another there opportunity...

...I will be with you in scalping if this trend will go sideways for few waves..
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Valerka
Feb 23, 2012 7:55am
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Quoting jonahky7
I still think there is some risk on air before the G20 meeting. The farts from Rheun about europe in recession...
OK I will stick to my strategy I wrote earlier today about .328 level and that is it...
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turanius
Feb 23, 2012 2:02pm
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4H Chart for next week (Starting tomorrow):

l l 1.3340
l l l l 1.3300
l l l 1.3260
l l l l l 1.3220
l l l 1.3180
l l l l 1.3140
l 1.3100
l 1.3060
l 1.3020
l 1.2980
l 1.2940
l 1.2900
l 1.2860
l 1.2820
l 1.2780
l l 1.2740
l l l 1.2700
l l 1.2660
l 1.2620
l 1.2580
l 1.2540
l 1.2500
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Bakker
Feb 23, 2012 1:16am
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Last week's weekly pin remains key.
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wawasalsa
Feb 23, 2012 1:18am
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i think it will break it,at 7:45GMT and if not then i will heavy sell to take 30 pips free
Quoting jonahky7
sometime a morning bull is there to trigger the bear, otherwise the pair will be stagnant. We'll see if this pair can get thru 1.3282, have a short there for a little while SL 0.
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Bakker
Feb 23, 2012 1:27am
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Look at the Eur's buddys i.e. Aud and Nzd. Look at their weekly charts, then you can see what to expect of the Eur.
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wawasalsa
Feb 23, 2012 2:26am
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you could get yours before 9:00 GMT
Quoting jonahky7
I admired your courage for 5 lots at 1.3282. Well closed!! well deserved 75, i've managed 115 so far all with 1 lot positions - too risky to go high lots until I'm clear with the positions and situations
Reply
Bakker
Feb 23, 2012 4:11am
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Get ready for a nice ride south. Morgan Stanley advises to sell Eur. Weekly pin still intact for a good southbound operation.
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wawasalsa
Feb 23, 2012 6:33am
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thanks any way ,and even it claim to 1.3380 ,i dont care i will take my rest and wait
Quoting Valerka
...in FX there always will be another there opportunity...

...I will be with you in scalping if this trend will go sideways for few waves..
Reply
wawasalsa
Feb 23, 2012 7:18am
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also sparkasse bank....there is many what is your point
Quoting jonahky7
Was wondering any German speaking trader, wawa can you help, can let me know which are the German big banks you have over there? Thanks
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wawasalsa
Feb 23, 2012 7:48am
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believe it or not 455pips for me .....is your house still offerd ?
Quoting jonahky7
who scored the highest today? like to share?

I just done my rounds using 1 lot per position, both scalping and trending :- 293pips - worth it and dead tired now.
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wawasalsa
Feb 23, 2012 8:00am
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not all the 455 was done this morning there was one buy from yesterday with asia session 60 pips plus ..so Considered 395 pips for today
Quoting Valerka
WOW....well done.... my 50 pips do not count in this...
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wawasalsa
Feb 23, 2012 8:06am
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I am talking about 455 pips not 455 Euro do you know each pip how much in Euro? anyway your price not suitable to me rather to buy an island in greece with that much of money
Quoting jonahky7
my house is worth far more than just 455pips

Multiply your 455pips by 165 times, then that will be sufficient to buy my house price, 5 years back. So if I add price increased for the past 5 years, add another 11.5% to the
total pips you have

House is still on sale, getting out of Europe for sure!!!! Shit hole to live in with the mess we are in - but if I go anywhere else, it's about the same!
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wawasalsa
Feb 23, 2012 8:23am
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11.23 Euro for each
Quoting jonahky7
Yes I know you are talking about 455 pips, I was saying 455pips x 165 (75075 pips, add another 11.5% on it).

BTW how much is your pips, my 1 pip here is around £6.4. I uses MB trading, quite a good deal. Apart from withdrawing money is slow......
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webart
Feb 23, 2012 3:07am
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I've waiting days for this, but more to go yet, could hold here for a while around 15 though, if we sustain above that, then we could have the powerful sustained rally that the EUR has been tellling us about for days.

It's all bear pips here, they are all getting squeezed out.
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webart
Feb 23, 2012 3:17am
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when you see spikes like that and knowing all those bears are trapped short, then it is a squeeze, just like a crash is when margin calls start to happen.

We zoomed through 15, to come back and rest on it, when the next bar opens at 15, it will go higher.
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webart
Feb 23, 2012 8:56am
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Normal when the open on the ES is faded, it will range down to a profile level and reverse. Sometimes you gotta jump in front of the train, if you think its going to stop at the station, or risk missing it.
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webart
Feb 23, 2012 3:57pm
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Quoting webart
Yeah USD is going higher with the lower cash market and we just took out the stops under the 618 on the EUR. We are on the lows, good time to buy still, we shall see.
Closed +76, Wave3 trade complete, market running like clockwork again.
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Tw0eleven
Feb 23, 2012 2:14am
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Looks like no news is good news for euro today. Although I saw Spain is asking for a handout/bailout somewhat now. Guess we'll get another "hope" rally that they'll get one!
Reply
grandia
Feb 24, 2012 7:12pm
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Quoting gfs
What is the formula for these?
i think those are potential supports
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Gaaikema
Feb 23, 2012 2:41am
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Yep, should push it through the 1,33 handle in the next half an hour (I hope)
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Gaaikema
Feb 23, 2012 3:05am
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"I love it when a plan comes together", he says, with his cigar between his exposed teeth.
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sumondu
Feb 23, 2012 1:57am
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couple of hours EURU/USD touched 1.33
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tradingpalu
Feb 23, 2012 1:17am
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German Ifo Business Climate seems have a good track record there.. so it will take eur to bull..before the actual result, but i think the result will still in good record.
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Sanguis
Feb 23, 2012 1:28am
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Has to lock it on the week 1,315 the Friday mini gap.
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Sanguis
Feb 23, 2012 1:35am
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1,3293 the resistance.
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Sanguis
Feb 23, 2012 1:36am
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And 1,333
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Sanguis
Feb 23, 2012 1:44am
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RSI not good indicator the forexre. The stochastic is the good one.
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Sanguis
Feb 23, 2012 2:50am
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Cannot be excluded the insider trading. IFO sneaks out with predilection before the announcement.
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Sanguis
Feb 23, 2012 2:55am
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EURO-DOLLAR: Traders link offers sitting at $1.3300 to a major US
investment house. Rate currently trades around $1.3292 as market awaits
Germany Ifo data at the top of the hour.
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Sanguis
Feb 23, 2012 4:04am
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Eu forecasts italy's economy to contract 1.3% this year - *eu forecasts spanish economy to contract 1.0% this year
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Sanguis
Feb 23, 2012 4:21am
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EC 2012 recession in 9-Belgium, Greece, Spain, Italy, Cyprus, Hungary, Dutch, Portugal, Slovenia; flat in Czech; 17 growth inc Ireland 0.5%
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Sanguis
Feb 23, 2012 4:46am
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They made a couple of big banks fuck up this morning. Commersbank 1,33 open short ones stop 1,325.
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Sanguis
Feb 23, 2012 4:49am
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Morgan and Goldman are in a contrary position continuously though, and the other one tries to be eliminated. Morgan short now with 124 aim prices, Goldman long with 1,39 aims.
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Sanguis
Feb 23, 2012 4:58am
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Quoting trader-v3
where do you get this info sanquis?
MarketNews, Deutsche Börse
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Sanguis
Feb 23, 2012 5:08am
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#Commerrzbank CEO says has prepared emergency plan for case of #Greece default and eurozone break-up - RTRS
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Sanguis
Feb 23, 2012 5:48am
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European Commission cuts #Italy 2012 GDP forecast to -1.3%. Only Greece (-4.4%) and Portugal (-3.3%) forecast to do worse among EU members.
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Sanguis
Feb 23, 2012 8:05am
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EURO-DOLLAR: Slips under $1.3300 again but without much momentum,
despite chatter of hefty German bank sales, said to be ongoing.
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Sanguis
Feb 23, 2012 10:46am
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Everybody suggests the decrease of the euro quasi, waits for it. Who buys it then?:
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Sanguis
Feb 23, 2012 10:54am
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Yes, Middle eastern, and Asian. Maybe FED.
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Sanguis
Feb 23, 2012 12:38pm
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The Euro is a controlled advance, CAD is arguably controlled as well. But when you put them together...(FED)
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Sanguis
Feb 23, 2012 12:42pm
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Outrageous interventions into the foreign exchange market.
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Sanguis
Feb 23, 2012 1:21pm
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The intervention shows unambiguously. The sly method of FED, it is believed it is not noticed.
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turanius
Feb 23, 2012 1:35am
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be careful with bull expectation as it seems to be "haunt all sell stops, collect as many buyers as possible and smash the EUR down"
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turanius
Feb 23, 2012 1:43am
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now is also 5M and 15M are overbought...it could spike up any minute by now and rally down to 1.3220 level
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Valerka
Feb 23, 2012 5:40am
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I thing that no major moves till unemployment data, and as I said if we manage to stay after NY in level more than 3280 new highs possible, if we brake - I will bet for some drop...
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Valerka
Feb 23, 2012 6:07am
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Quoting wawasalsa
screw that i will buy
You had a nice profit this morning as I understood... ...do not waste it...
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Valerka
Feb 23, 2012 6:42am
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Quoting wawasalsa
thanks any way ,and even it claim to 1.3380 ,i dont care i will take my rest and wait
Pls!
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Valerka
Feb 23, 2012 7:23am
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Quoting wawasalsa
another 4o pips ...god .greed is killing me
How you managed to get 40 pips in 20 pip range for last 2 hours? or it is sell order from highs?
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Valerka
Feb 23, 2012 7:49am
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To Wawasalsa and jonahky7: it is what I am writing at the moment - I think if no big news to morrow we should see some easing in this pair...
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Valerka
Feb 23, 2012 7:53am
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Quoting wawasalsa
believe it or not 455pips for me .....is your house still offerd ?
WOW....well done.... my 50 pips do not count in this...
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Valerka
Feb 23, 2012 8:00am
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I will be quiet about my location in the world map! (Not think - it is not Greece)
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Valerka
Feb 23, 2012 8:35am
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so resistance is met.... ..let see were we end up till NY close....
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Valerka
Feb 23, 2012 8:54am
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Jap easy to trade today.... ...not possible to compare with yesterdays mess...
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jonahky7
Feb 23, 2012 1:07am
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sometime a morning bull is there to trigger the bear, otherwise the pair will be stagnant. We'll see if this pair can get thru 1.3282, have a short there for a little while SL 0.

If this parasite cannot trigger 1.3325, then it's simply asking for trouble south. But with the G20 meeting coming, who knows.
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24bazar
Feb 23, 2012 1:16am
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Quoting turanius
The market is so DUMB sometimes like the last few days and sitting on a range trade with 15-20 pips trading hours, instead selling the EUR and cashing in big time with min. 150-200 pips in few hours only, because EUR has no ground to stay in this level anymore after having been pushed up by "roumours" and "hopes" which no more exist...secondly they also seem to have forgotten the most important rule "buy the rumour" (which they did) and sell the fact. Also even the weekly chart is showing "strongly overbought"....what kind of trading is...
Where do you see the market overbought? Weekly rsi is 47 at the moment
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jonahky7
Feb 23, 2012 1:18am
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Well, we simply got a dumb ass market . Just go with the flow until one day where you and i are rich enough to take over FED and ECB then we decide how to play with the market.

For goodness sake euro, either go up or down but please do not range between 1.3282 and 1.3262 - PLEASE!!!!

Let's see whether it's my buy position that will be stronger or my sell position will be better this morning, either way, a win win situation. Hope to score again, yesterday sucks, less than 100pips.

Quoting turanius
The market is so DUMB sometimes like the last few days and sitting on a range trade with 15-20 pips trading hours, instead selling the EUR and cashing in big time with min. 150-200 pips in few hours only, because EUR has no ground to stay in this level anymore after having been pushed up by "roumours" and "hopes" which no more exist...secondly they also seem to have forgotten the most important rule "buy the rumour" (which they did) and sell the fact. Also even the weekly chart is showing "strongly overbought"....what kind of trading is...
Reply
jonahky7
Feb 23, 2012 1:35am
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Well done Euro, keep moving but please don't stop in betweens, in betweens gives less pips

Thanks for your up and down in the past 1hour and thank you for your 50 pips, that was easy compared to yesterday!!!!!!!
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jonahky7
Feb 23, 2012 1:42am
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that's what I call a bull trap, but there can be bear trap too , it's a 2 tier process.

Quoting turanius
be careful with bull expectation as it seems to be "haunt all sell stops, collect as many buyers as possible and smash the EUR down"
Y it's overbought, you cannot depend on RSI to understand why it's overbought. None of the tools available will tell you if the manipulators are overbuying or not, it's a fight between the FED and Europe at the moment, whoever is stronger wins. No offence to any countries, both sides of the Atlantic sucks and if you open your eyes and pay attention to the global events, it provide a better reasoning if Euro had been overbought or oversold. Likewise for the rest of the pairs.

Quoting 24bazar
Where do you see the market overbought? Weekly rsi is 47 at the moment
Reply
jonahky7
Feb 23, 2012 1:58am
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Good to have someone on the same boat as moi - a bear. But just be careful on bear - G20 meeting on Saturday. I won't hold too long for any pair.

Busy scalping this morning - so far 78pips and now awaiting the big one down

Just don't get stuck at 1.3262 and 1.323 again


Quoting turanius
EUR has only one way to go and this is down, since it has lost pretty much momentum to the upside but has at least 200 pips space downward, simply because of the same fact you say "struggling to go up"
Reply
jonahky7
Feb 23, 2012 2:21am
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I admired your courage for 5 lots at 1.3282. Well closed!! well deserved 75, i've managed 115 so far all with 1 lot positions - too risky to go high lots until I'm clear with the positions and situations


Quoting wawasalsa
ok i am out ,5 lots@ 1.3285 x 15 pips =75 pips....not bad in 30 min
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jonahky7
Feb 23, 2012 2:23am
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I still think the rally is more for the coming G20 meeting, so just be careful which way you trade. I won't suggest holding too long any positions

Quoting Tw0eleven
Looks like no news is good news for euro today. Although I saw Spain is asking for a handout/bailout somewhat now. Guess we'll get another "hope" rally that they'll get one!
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jonahky7
Feb 23, 2012 2:26am
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just be careful on big lots easy money come but easy money gone too, I got burnt once by it, lmao

Trust me, I was trading more than your 5 lots per go

Quoting wawasalsa
wow! haha another 20pips x 5 =100pips in 10 min
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jonahky7
Feb 23, 2012 2:28am
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The remaining PIGS will be asking for handout, Italy to be the first, followed by Spain, Ireland, Portugal. That's when the drama starts

Quoting Tw0eleven
Looks like no news is good news for euro today. Although I saw Spain is asking for a handout/bailout somewhat now. Guess we'll get another "hope" rally that they'll get one!
Reply
jonahky7
Feb 23, 2012 2:36am
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Sorry - I meant I'm bear but doesn't mean I short now Gaaikema

Will see what data its coming out at 9. I suspect it will be green again, that will be enough to send euro to 1.3322 - 30pips north.


Quoting Gaaikema
Why down Jon with IfO coming up?
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jonahky7
Feb 23, 2012 2:56am
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Now that I know who have been rallying, I need to find out who is defending. Most probably the German bank I read about few weeks back

The clash of the titans but guess who will have a better ammo, I think Europe is weaker.
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jonahky7
Feb 23, 2012 3:06am
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try popping 1.34 euro - hemmmmm I mean US investment bank please try to pop to 1.34 if you can

Finally, thank you for all the free pips - invisible QE3, aka US investment bank. I can rest for the rest of today, 197 pips. Cheerio.
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jonahky7
Feb 23, 2012 3:14am
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You could have gotten more otherwise.

Bears ain't being squeezed out just as yet. Some big sellers are seen selling now, one of them ACB, they reported TP is 1.322.

When it goes down, it will only goes up. Likewise when it goes up, it only comes down. But I hate sideways!!!

Quoting webart
I've waiting days for this, but more to go yet, could hold here for a while around 15 though, if we sustain above that, then we could have the powerful sustained rally that the EUR has been tellling us about for days.

It's all bear pips here, they are all getting squeezed out.
Reply
jonahky7
Feb 23, 2012 3:34am
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it may have another go, maybe not too high lucky if it can it 1.33501 and if it is really powerful to hit 1.338 great, I don't think the US investment banks will give up so easily without a tough fight. They have more ammo reserve than Europe for the moment.
Reply
jonahky7
Feb 23, 2012 4:13am
Permalink
It shows strength not becos of pure strength, it's mainly by the US investment bank There is a difference, but hey this whole thing is manipulated by these big players. Just watch the space.

Looks like the German bank lost out to the FED after all, wonder how much they have to pay out - none of my business anyway.


Y does the US investment bank rally so hard, does it mean they have inside information already since yesterday? mmmmmmm worth the FBI checking, but don't think they will do anything cos it's legalised loan shark!! FBI, CIA whatever dept there is in states are on their side.

But likewise here in Europe, all the banks are in cahoot with each other, inc the government.

All that is left out of the picture now are the credit agencies, the poor poor credit agencies, no one listening to them anymore, lmao & ROFL. They should be investigated for inside trading!

Up or down here we trade, but please try to reduce sideways, I hate it!

May the Bear forece be with us soon.

Am done for the day.

Quoting Valerka
EUR shows strength this morning, and against others....so if we stay in levels more than .3280 it could nice up trend for several days, but if it drops below than I give my 2 cents for at least 100pip drop....
Reply
jonahky7
Feb 23, 2012 4:15am
Permalink
Break above 1.335 then to 1.338? 1.335 maybe - 8pips short. 1.338 more difficult.

Also, the morning range has already hit 100, it will need some retrace before if it wants to go higher.

With asian central banks selling, I would sell not buy anymore matey.

Let's see if it can break back below 1.33

Quoting wawasalsa
guys any chance to break that high?
Reply
jonahky7
Feb 23, 2012 4:23am
Permalink
News, I was right, Europe has not got much ammo to fight with FED apart from farting some shit here and there to play down euro. Come on, if you just let Greece default, you will have at least have some ammo to fight, now your gun barrier is NIL, EMPTY:

1.) EU’s Rehn: Euro area has entered into a mild recession

2.) EU Commission cuts 2012 Euro area growth forecast to -0.3% from +0.5%
Reply
jonahky7
Feb 23, 2012 4:53am
Permalink
I would side with Goldman at least before G20 meeting. After that, I'm most probably with Morgan.

There is a reason for the rally.........

Quoting Sanguis
Morgan and Goldman are in a contrary position continuously though, and the other one tries to be eliminated. Morgan short now with 124 aim prices, Goldman long with 1,39 aims.
Reply
trader-v3
Feb 23, 2012 4:55am
Permalink
Quoting Sanguis
Morgan and Goldman are in a contrary position continuously though, and the other one tries to be eliminated. Morgan short now with 124 aim prices, Goldman long with 1,39 aims.
where do you get this info sanquis?
Reply
jonahky7
Feb 23, 2012 6:16am
Permalink
Thanks for info Sanguis

The reason why I'm with Goldman before G20 is that Morgan screwed up big time previously by predicting euro down only for euro to up 900pips

I'm bear from top and seeing if we can get a rebound from 1.328 (mmmmm we'll see). For Euro to hit 1.338, that is if it break 1.335 first remains to be seen.

I'm still a bear but before Saturday......mmm will see

Just buy with trend then sell at major resistance, and reverse this way it gives me some proper sleep at night rather than thinking will it rise or will it drop.

Looking at the way it goes today, it really recoup all the missing pips from yesterday......lol

Have collected more than I thought it will be, coming to for today, chilling out now.

Quoting Sanguis
The freefall of the euro comes soon. I would not dare to be long on these levels.
Reply
khanarsal
Feb 23, 2012 7:23am
Permalink
another good day for bulls i think we should c some more buying ahead of jobless. i suspect these mover of the market will show the data bad for $ and another spike for euro good luck with that but be care full around 3350 to 3380 area.
Reply
jaygee
Feb 23, 2012 7:32am
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Without S&P and DOW participation the euro isn't going anywhere. Hard to ignore those 2 have diverged on the longer term charts but if they decide on new highs, euro shorts like me are in trouble. Both have reached and slightly backed off long term highs. Us session might show a little light on where this is heading.
Reply
khanarsal
Feb 23, 2012 7:35am
Permalink
nq is around double top and chart is showing some sort of consolidation but be prepear for another qe3 from fed and stocks good way long.


Quoting jaygee
Without S&P and DOW participation the euro isn't going anywhere. Hard to ignore those 2 have diverged on the longer term charts but if they decide on new highs, euro shorts like me are in trouble. Both have reached and slightly backed off long term highs. Us session might show a little light on where this is heading.
Reply
jonahky7
Feb 23, 2012 7:38am
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if it can get back to that level, it still need to cross 1.322. It struggling to get through a minor resistance at 1.33067.

I'm still bear but as there is no clear signal if the US investment bank has stopped their buying and with the mixed signal of poor economy. I'll watch to see if it can break down below 1.3282 again. If yes, good. Otherwise there is still a possibility of rebound.

But there is a possibility that the damn pair will just range between 1.3306/20 and 1.3282, that will be a headache to trade if it goes that way.

The previous unemployment data didn't move euro pair much and I expect it to be the same today (unless I'm wrong) - the data is neither good nor bad.

Before the G20 meeting, I'm still expecting euro to hold and won't fall to hard, but who knows really.

Quoting khanarsal
yap jona wat u think of eu now? i think good short is at 3350 to 3380 wat u say?
Reply
jaygee
Feb 23, 2012 7:44am
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SPX been banging its head on the upper band since early January and been supported by the 14 min sma. I think oil is going to crack this rally. An SPX close below the 14 sma ought to quench it. Daily charts
Reply
jonahky7
Feb 23, 2012 7:49am
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no major events tomorrow, the 2 US speakers may be dovish to prop things up before Saturday's meeting at mexico.

Just remember, before G20 meeting, currencies are usually HIGH. so just go with the trend, don't fight it.

Quoting wawasalsa
i think the smash down will be tomorrow not today
Reply
jonahky7
Feb 23, 2012 7:52am
Permalink
I still think there is some risk on air before the G20 meeting. The farts from Rheun about europe in recession did not cause any upset so I still think we are up at least till tomorrow evening.

Come Monday, may my bears wakes up lol. Who knows really

But I'll let you folks know once I hear any big players selling tomorrow morning. Stay in touch.

BTW, have anyone seen the 1.36 bloke? I've not seen the shouting so far.

Quoting Valerka
To Wawasalsa and jonahky7: it is what I am writing at the moment - I think if no big news to morrow we should see some easing in this pair...
Reply
jonahky7
Feb 23, 2012 7:57am
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my house is worth far more than just 455pips

Multiply your 455pips by 165 times (if 1 pip equates £6.4), then that will be sufficient to buy my house price, 5 years back. So if I add price increased for the past 5 years, add another 11.5% to the
total pips you have

House is still on sale, getting out of Europe for sure!!!! Shit hole to live in with the mess we are in - but if I go anywhere else, it's about the same!

Quoting wawasalsa
believe it or not 455pips for me .....is your house still offerd ?
Reply
jonahky7
Feb 23, 2012 8:12am
Permalink
Yes I know you are talking about 455 pips, I was saying 455pips x 165 (75075 pips, add another 11.5% on it).

BTW how much is your pips, my 1 pip here is around £6.4. I uses MB trading, quite a good deal. Apart from withdrawing money is slow......

Quoting wawasalsa
I am talking about 455 pips not 455 Euro do you know each pip how much in Euro? anyway your price not suitable to me rather to buy an island in greece with that much of money
Reply
jonahky7
Feb 23, 2012 8:15am
Permalink
Good idea! I will buy an island in Greece get the title deed then tell them I'm defaulting and I want a bail out from EFSF! But the island is still under my name

Quoting wawasalsa
I am talking about 455 pips not 455 Euro do you know each pip how much in Euro? anyway your price not suitable to me rather to buy an island in greece with that much of money
Reply
jonahky7
Feb 23, 2012 8:27am
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Sorry I meant my long is only as long till tomorrow evening, though I'm still shorting and longing at the moment (mainly short).

Remember I'm still a bear........ but a honey bear, where's theres honey i'll go for it. Still believe euro is overvalued in the current climate

Quoting Gaaikema
Don't forget a possible downgrade of Portugal. Tomorrow? and after that long for the G20. My instinct.
Reply
jonahky7
Feb 23, 2012 8:31am
Permalink
let's see if ACB can achieve their short to 1.324 (they claimed they have reduced their TP to 1.326 - not much really).

For those who short at 1.3308, you better watch if 1.32822 can be crossed, otherwise take your TP when possible. 2nd attempt now
Reply
jonahky7
Feb 23, 2012 8:49am
Permalink
With the weak S&P 500 it might send it back where it started this morning

Well, that's forex for us!!! Reclaiming back the resistance as it goes along.

Quoting Valerka
so resistance is met.... ..let see were we end up till NY close....
Reply
jonahky7
Feb 23, 2012 8:56am
Permalink
agree in that, just for tomorrow

Quoting webart
Yeah USD is going higher with the lower cash market and we just took out the stops under the 618 on the EUR. We are on the lows, good time to buy still, we shall see.
Reply
jonahky7
Feb 23, 2012 9:59am
Permalink
This parasite is darn good - all becos of a G20 meeting, is it worth it? Who cares, am earning pips up and down, down and up

Was right on rebound - be very afraid of US's reserve. Farting from Europe won't help - Europe really needs to think of a way to squash euro down, otherwise it's going to be hell for all in Euro zone!

But another theory, all the rallying is there to make a landing cushion more comfortable when Greece default on the 20th March.......

Looking forward to the day my bear returns, lmao.....
Reply
jonahky7
Feb 23, 2012 10:50am
Permalink
Apart from US, I can't think of anyone else. Middle eastern, they buy and sell. BIS same too...................


Quoting Sanguis
Everybody suggests the decrease of the euro quasi, waits for it. Who buys it then?:
Reply
jonahky7
Feb 23, 2012 11:01am
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I'm not sure about the Chinese banks as "Draghi just said NO INVESTMENTS From China"

Therefore the only one that is driving euro up is US - aka FED. ECB will not buy as they haven't got the ammo to buy and they have been binded.

And the fact that Euro is not taking hid of any news, means the manipulator means big business, very adamant to drive euro high.

Bear will be out soon - it will come at a time when every trader think we are going to 1.36 and start to silly buy and get trap!! That's when the killing starts.

Just look at the stats for the number of decreasing sellers against rising buyers (if there are)
Reply
jonahky7
Feb 23, 2012 1:03pm
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yes very much - the invisible QE3, let's see how far it can carry on this crap. It's not about technical anymore. It's about a currency war between FED and Europe

While most of Euro leaders saying euro is bad, this rally is going pear shape with ever manipulative by the big apple.

Although I stand to gain from the circus today, clocked in 461 today - no cheating all 1 lot positions to be safe.
Reply
jonahky7
Feb 23, 2012 1:36pm
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can't agree more, that's why I am selling my house and getting out of Europe - cos it's fked!! Europe just do not have any ammo to fight FED after this fking Greece saga. The reality has not bite in, only make believe.

Quoting Sanguis
The intervention shows unambiguously. The sly method of FED, it is believed it is not noticed.
Reply
jonahky7
Feb 23, 2012 1:50pm
Permalink
News, no wonder FED is working so hard to push it euro up, lmao - just for a fat cheque:


@Obama also plans to spend $30MM to fund a study (by the San Fran Fed probably) on how the Chairsatan can finally print Crude
Reply
jonahky7
Feb 23, 2012 1:54pm
Permalink
Spot on buddy , it sure is holding well for 2.5hours.........

Quoting jaygee
If i was a big house and wanted to get short, i would hold the price up and sell into the buyers that were coming along for the ride. Wouldn't be the first time
Reply
gfs
Feb 24, 2012 6:52pm
Permalink
Quoting turanius
4H Chart for next week (Starting tomorrow):

l l 1.3340
l l l l 1.3300
l l l 1.3260
l l l l l 1.3220
l l l 1.3180
l l l...
What is the formula for these?
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wawasalsa
Feb 23, 2012 1:32am
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7:30 done and break ..now we have 15 min of breaking
Reply
wawasalsa
Feb 23, 2012 1:34am
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keep sell sell
every pip and see the market at 8:00
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wawasalsa
Feb 23, 2012 1:55am
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come on hit me @1.3270
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wawasalsa
Feb 23, 2012 2:03am
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shit ,i will hold 15 min more
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wawasalsa
Feb 23, 2012 2:06am
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ok i am out ,5 lots@ 1.3285 x 15 pips =75 pips....not bad in 30 min
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wawasalsa
Feb 23, 2012 2:13am
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wow! haha another 20pips x 5 =100pips in 10 min
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wawasalsa
Feb 23, 2012 2:27am
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and that only if the high is held in 1,33 in the future
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wawasalsa
Feb 23, 2012 3:46am
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is that my lucky day ,i should notice that...
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wawasalsa
Feb 23, 2012 4:02am
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guys any chance to break that high?
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wawasalsa
Feb 23, 2012 4:23am
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i just want it to be in that level for the last time ,,want to hunt it again
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wawasalsa
Feb 23, 2012 6:02am
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screw that i will buy
Reply
wawasalsa
Feb 23, 2012 6:11am
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i know ,but i am scalping before us news
Quoting Valerka
You had a nice profit this morning as I understood... ...do not waste it...
Reply
wawasalsa
Feb 23, 2012 6:20am
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ok i change my mind but i will kill my self if it go again over 1.3310 ....thanks for the advise
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wawasalsa
Feb 23, 2012 7:14am
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Bondes bank ,Deutsche bank
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wawasalsa
Feb 23, 2012 7:19am
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another 4o pips ...god .greed is killing me
Quoting Valerka
Pls!
Reply
wawasalsa
Feb 23, 2012 7:27am
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i feel that if bad or good news no matter still the big rats want the euro up
Reply
wawasalsa
Feb 23, 2012 7:28am
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i am done for one week any way ......
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wawasalsa
Feb 23, 2012 7:39am
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yes but this also may let him continue up unless some thing new today
Quoting khanarsal
data is within expectation thats y mkt is not responding
Reply
wawasalsa
Feb 23, 2012 7:46am
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i think the smash down will be tomorrow not today
Reply
wawasalsa
Feb 23, 2012 8:12am
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where is the 1.36 guy...i think he closed his longs yesterday...shit
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wawasalsa
Feb 23, 2012 8:25am
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exact 11.29 euro
Reply
wawasalsa
Feb 23, 2012 8:27am
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now what ? rest in peace?
Reply
wawasalsa
Feb 23, 2012 1:15pm
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hehe ,wait untill the end of the market ,it will definitely back
Reply
wawasalsa
Feb 23, 2012 1:23pm
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we have at least 50 pips profits with asia session if not today...and i dont think it will break ...
Reply
wawasalsa
Feb 23, 2012 1:46pm
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i think it was last kiss
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wawasalsa
Feb 23, 2012 1:49pm
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hey is it almost 2 hours kissing? any body knows ? i wasnt here
Reply
wawasalsa
Feb 23, 2012 1:57pm
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well its my turn to jump i will make faster and you know what....no condome
Quoting jonahky7
some kisses generates long term orgasm to push it higher, lmao!
Reply
webart
Feb 23, 2012 1:54am
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3315-17 major resistance for me, depending on what time it gets there .. if it gets there.
Reply
webart
Feb 23, 2012 2:47am
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I see 3315, back to 3300 and then up from there.
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webart
Feb 23, 2012 3:30am
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hmm, it's having trouble hold above 15, but that's good as it is an important level and I always like to see those levels respected properly. I think we will have another go at busting 15 though.
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webart
Feb 23, 2012 3:39am
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Thats 98 pips for my EQ curve, and I have unloaded.
Reply
webart
Feb 23, 2012 5:26am
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Anyone else thinking wave 3 beginning from 3280 shortly ?

Wave 3 is the place to be !
Reply
webart
Feb 23, 2012 5:49am
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Yeah true probably consolidate before the news. Might wait it out and see what happens after the news.
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webart
Feb 23, 2012 5:51am
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Interest info you post Sanguis, thanks. Dosn't seem to be knocking the EUR around too much though.
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webart
Feb 23, 2012 6:06am
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hehe careful, you seemed to be doing good today, you don't want to give it back ... it really sux when that happens !
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webart
Feb 23, 2012 7:40am
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Long off 94 for me.
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webart
Feb 23, 2012 8:24am
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More rumors ... could, maybe, might.
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webart
Feb 23, 2012 8:41am
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Hit the 618 price fib, some support there, much bellow that and I am out and sleeping.
Reply
webart
Feb 23, 2012 8:47am
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Yeah USD is going higher with the lower cash market and we just took out the stops under the 618 on the EUR. We are on the lows, good time to buy still, we shall see.
Reply
chanx
Feb 23, 2012 2:27am
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Euro has risen to 3297 . Maybe it can past breakthrough 3300.. If so M gonna open Long Position..
Reply
meysamkh
Feb 23, 2012 1:05am
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short euro/usd before this level,maybe cant touch this level
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jonahky7
Feb 23, 2012 1:46am
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Major and minor resistance 1.32807, 1.32831, 1.32925, 1.33211, 1.33321, 1.33501,

Major and minor support 1.32585,, 1.32361, 1.32052, 1.31976, 1.31832, 1.31633
Reply
jonahky7
Feb 23, 2012 1:47am
Permalink
euro is struggling very much to go up..... but please please I beg you don't get stuck in between 1.3282 and 1.3262 whole day - go somewhere

Buyers power is weak, so are sellers
Reply
jonahky7
Feb 23, 2012 2:00am
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How true, yesterday was the worst - the bloody pair got really constipated

Quoting Bakker
At least there's more life in it than last couple of days.
Reply
jonahky7
Feb 23, 2012 2:49am
Permalink
Germany might surprise with a RED just to get back at FED


Quoting Gaaikema
Yep, should push it through the 1,33 handle in the next half an hour (I hope)
Reply
jonahky7
Feb 23, 2012 2:53am
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News:

09:00 GMT sees German February Ifo data release, business climate expected 108.5 from previous 108.3.
Reply
jonahky7
Feb 23, 2012 2:55am
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No wonder I smell something really fishy with the rally since yesterday - a rat manipulator the invisible QE3!!! Must be from US again

NEWS: @ US Investment Bank topping Euro
Reply
jonahky7
Feb 23, 2012 3:25am
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either way as long it makes profit for you and me, that's enough. I buy buy buy and I sell sell sell, no need to keep the pair overnight at all
Reply
jonahky7
Feb 23, 2012 3:47am
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Nice work EQ curve, how many days did you open your long for with the EQ curve? If I may ask.

Quoting webart
Thats 98 pips for my EQ curve, and I have unloaded.
Reply
jonahky7
Feb 23, 2012 3:49am
Permalink
today is to compensate for the time wasted yesterday

Quoting wawasalsa
is that my lucky day ,i should notice that...
Reply
trader-v3
Feb 23, 2012 3:56am
Permalink
Quoting jonahky7
today is to compensate for the time wasted yesterday
haha..you are right man..
Reply
trader-v3
Feb 23, 2012 5:25am
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Quoting Sanguis
MarketNews, Deutsche Börse
thanks mate
Reply
Trader#7D32
Feb 23, 2012 6:04am
Permalink
I´m short @ 3320.. sl to be @284.
TP depends on price action 3220 or if enough punch in the moves.. till open end.

Option barrier @ 3350 still alive.

Or they just defend pretty good.. or preparing to get another short sl`s + barrier.

Anyway good luck to all!
Reply
jonahky7
Feb 23, 2012 6:18am
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I heard and gather that ACB is cutting their short TP.
Reply
jonahky7
Feb 23, 2012 7:05am
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Was wondering any German speaking trader, wawa can you help, can let me know which are the German big banks you have over there? Thanks
Reply
jonahky7
Feb 23, 2012 7:29am
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Reading of US Data >365K goes north (I suspect this will be the value) or <340K to go south.
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jonahky7
Feb 23, 2012 7:30am
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LOL, it's in between! fxxked
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jonahky7
Feb 23, 2012 7:32am
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nice to see the euro like headless chicken not knowing which direction to go......hey manipulators do you job - you didn't expect this did you, lmao!
Reply
khanarsal
Feb 23, 2012 7:32am
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yap jona wat u think of eu now? i think good short is at 3350 to 3380 wat u say?
Reply
khanarsal
Feb 23, 2012 7:33am
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data is within expectation thats y mkt is not responding
Reply
jaygee
Feb 23, 2012 7:37am
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no qe3 until the US numbers start looking bearish again imho.
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jonahky7
Feb 23, 2012 7:40am
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I won't agree with that, there are invisible QE3 going on which we may not know.


Quoting jaygee
no qe3 until the US numbers start looking bearish again imho.
Reply
khanarsal
Feb 23, 2012 7:43am
Permalink
yap gold is around yesterday highs and it can move eu up a bit but jona is right mkt can range in 40 pips.
Reply
jonahky7
Feb 23, 2012 7:44am
Permalink
who scored the highest today? like to share?

I just done my rounds using 1 lot per position, both scalping and trending :- 293pips - worth it and dead tired now.
Reply
khanarsal
Feb 23, 2012 7:47am
Permalink
new high for gold great
Reply
khanarsal
Feb 23, 2012 7:49am
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i got 70 pips in bp and 50 is coming in ad i m stil holding it 36 pts of silver more than happy jona
Reply
jonahky7
Feb 23, 2012 7:50am
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Well done for today wawasala!!!

Quoting wawasalsa
believe it or not 455pips for me .....is your house still offerd ?
Reply
jonahky7
Feb 23, 2012 8:17am
Permalink
News just in:

@Commerzbank’s Kraemer Says Europe May Abandon Greece . Kosmo Kraemer?


@ The Eurogroup will meet again next Thursday, according to an Austrian finance ministry spokesman.
Reply
jaygee
Feb 23, 2012 8:28am
Permalink
added to short 3308 x 2
Reply
jonahky7
Feb 23, 2012 8:45am
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S&P 500 sending negative signal

The S&P 500 opened lower and is continuing to stagger lower. We’re now at the lowest levels of the week and risk trades are following.

Bear has woken up again
Reply
khanarsal
Feb 23, 2012 8:47am
Permalink
its good to have sleep rather than be greedy


Quoting webart
Hit the 618 price fib, some support there, much bellow that and I am out and sleeping.
Reply
jonahky7
Feb 23, 2012 10:02am
Permalink
Done for the day - was being greedy just now - got moi another 60pips down and up lol.
Reply
jonahky7
Feb 23, 2012 10:32am
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News, if no sign of Chinese investment, who's been rallying then? Apart from US:

@Draghi: No sign of Chinese investment in Europe
Reply
jonahky7
Feb 23, 2012 11:02am
Permalink
News - anyone knows which la la land does he lives in:

@ Draghi - We have avoided an even worse credit crunch.
Reply
Trader#7D32
Feb 23, 2012 11:23am
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[...Just look at the stats for the number of decreasing sellers against rising buyers (if there are)...]


May i ask from where you get this data?

or just some retail-brokers order board stats (like oanda tools, etc..)
Reply
jonahky7
Feb 23, 2012 1:10pm
Permalink
it's ignoring all news and kept going, before anyone tells me it's technical, that's not technical bullshit anymore.
Reply
jonahky7
Feb 23, 2012 1:19pm
Permalink
I'm whinging not becos I shorted

Quoting wawasalsa
hehe ,wait untill the end of the market ,it will definitely back
Reply
jonahky7
Feb 23, 2012 1:49pm
Permalink
some kisses generates long term orgasm to push it higher, lmao!
Reply
jaygee
Feb 23, 2012 1:52pm
Permalink
If i was a big house and wanted to get short, i would hold the price up and sell into the buyers that were coming along for the ride. Wouldn't be the first time
Reply
jaygee
Feb 23, 2012 2:09pm
Permalink
I went outside and enjoyed the sun. still holding this short and read where MS was short now too. at least us shorts have company.
Reply
jaygee
Feb 23, 2012 2:11pm
Permalink
boom. wth
Reply
Trader#B345
Feb 23, 2012 1:30am
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Its time to be very carefull
Reply
Trader#0D1A
Feb 23, 2012 5:10am
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yes this week will see eur/usd at 131xx by this friday
Reply
Trader#7E70
Feb 23, 2012 5:16am
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It seems like it's gonna turn on 50 Fibonacci level (1.32965)
Reply
Trader#9AD3
Feb 23, 2012 5:18am
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Any Idea what would be the best TP ?
Reply
Trader#7E70
Feb 23, 2012 5:44am
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Short Buy: 1.3296 TP: 1.3320 and if it breaks TP: 1.3450
Reply
Trader#EC1A
Feb 23, 2012 5:51am
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What had happened to EURO-USD fair?. Was it because of the bear on gold and oil?
Reply
Trader#9CDD
Feb 23, 2012 8:19am
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I bet it go south, risk aversion day!
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Trader#7D32
Feb 23, 2012 9:46am
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All bears grilled? if so, may want to start f*ckng the bulls now?

crowd of short, medium and some longer-term systems should have switched to bullish now.
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Trader#5B7D
Feb 24, 2012 2:14am
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Ok so the old one lost it´s power.
Question is; do we need a newer version of EURO crisis just to bring EURUSD down for let´s say 15 pips.

But i guess even this will spike it up at least 30 pips.
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Trader#D6BF
Feb 24, 2012 5:08am
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anyone tel me with ur experince euro break 3430 or not?should i sell or buy?plz help
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Trader#D480
Feb 24, 2012 6:29am
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Turanius, on your projection of eu tanking starting (today Friday?) do you mean it will go from 1.3340 to 1.2500 in a week or just progressively?
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