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  • #26,561
  • Apr 11, 2012 3:23am Apr 11, 2012 3:23am
Quoting AFXFin
Though I'm on short now on Intraday because of Auctions I do have to agree with Recon that there is still a bounce to be expected - though not in London Session. Too many auctions pulling price down. Germany is only which should take price up again - thats a time limit for my short - I'll close it once Bund Auction starts.
I agree that one is expected. However whether or not we actually get one is suspect. If we were to get one, I think we would have got it already. The market is very scared and the only reason the Euro has been resilient in the last few days is because the Europeans are repatriating their capital. Once they have repatriated what they need, the move down should continue. Then we just have a possible 1.30 barrier and/or psych level to deal with which should not be too much of a problem.

Alternatively, a more significant bounce upward, should not take us past 1.3180 in my opinion.
Those who say it cannot be done should not interrupt those who are doing it
  • #26,562
  • Apr 11, 2012 3:27am Apr 11, 2012 3:27am
Today’s orderboard

Written by Joe Brown
April 11, 2012 at 08:17 GMT

Good morning all..

EUR/USD: Bids 1.3055/70, sell stops down through 1.3050, tech res 1.3138 (100 dma) buy stops through 1.3145

GBP/USD: Offers 1.5930/35. Bids 1.5875/80 and 1.5850/55 ahead of tech support at 1.5844 (200 day MA)

EUR/GBP: offers 0.8255/60 and 0.8275/80. Bids 0.8230/40

USD/JPY: Offers 81.00/05 from Real money, exporters and custodials. Bids 80.50/60 (BOJ/semi officials). 81.00 is a large option expiry.

EUR/JPY: 106.10/20, buy stops through 106.20. Bids 105.45/50, likely stops below.

AUD/USD: Bids 1.0250/55 and 1.0225/35 (sovereign) ahead of sell stops 1.0220 and barrier at 1.0200. Offers 1.0315/20 larger at 1.0355/60

AUD/JPY: Bids 82.50 from Japanese funds ahead of tech support 82.35 (100 dma). Offers 83.55/60

USD/CHF: Bids 1.9150/55, tech support 0.9125 (50 dma) Offers 0.9200/10, tech res 0.9231 (100 dma)

EUR/CHF: Bids 1.2000 (SNB and 200 dma)) and 1.1995. Rumoured sell stops down through 1.1990. Offers 1.2025/30, 1.2045/50

USD/CAD; Offers 1.0050/55, tech res 1.0082 (100 dma), Bids 1.0000/05, 0.9975/80, larger at 0.9950/55
Those who say it cannot be done should not interrupt those who are doing it
  • #26,563
  • Apr 11, 2012 3:29am Apr 11, 2012 3:29am
Quoting AFXFin
Though I'm on short now on Intraday because of Auctions I do have to agree with Recon that there is still a bounce to be expected - though not in London Session. Too many auctions pulling price down. Germany is only which should take price up again - thats a time limit for my short - I'll close it once Bund Auction starts.

That hit my Trailing Stop
  • #26,564
  • Apr 11, 2012 3:29am Apr 11, 2012 3:29am
Opened SELL EUR/USD on 1,31240 TP 1,30736 SL 1,31893
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  • #26,565
  • Apr 11, 2012 3:29am Apr 11, 2012 3:29am
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting PipTrapper
I agree that one is expected. However whether or not we actually get one is suspect. If we were to get one, I think we would have got it already. The market is very scared and the only reason the Euro has been resilient in the last few days is because the Europeans are repatriating their capital. Once they have repatriated what they need, the move down should continue. Then we just have a possible 1.30 barrier and/or psych level to deal with which should not be too much of a problem.

Alternatively, a more significant bounce upward, should...
My opinion is not only based on last weeks drop. If you take a look at current (semi)macro range, we are in a bottom of it. In order to brake this support zone there must be bad news for Eurozone.

There is also bad news coming from US side, gold, silver, oil are coming down. I can smell bullshit in the air
  • #26,566
  • Apr 11, 2012 3:32am Apr 11, 2012 3:32am
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting rekon67
That hit my Trailing Stop
It was Benoit Coeure's speech that turned price up... It hit my TP as well.

ADD: TP is a great invention of north american natives.
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  • #26,567
  • Apr 11, 2012 3:38am Apr 11, 2012 3:38am
Today's Option expiries at 1400GMT

1.3025
1.3080
1.3100
1.3145
1.3200
Those who say it cannot be done should not interrupt those who are doing it
  • #26,568
  • Apr 11, 2012 3:44am Apr 11, 2012 3:44am
Quoting AFXFin
My opinion is not only based on last weeks drop. If you take a look at current (semi)macro range, we are in a bottom of it. In order to brake this support zone there must be bad news for Eurozone.

There is also bad news coming from US side, gold, silver, oil are coming down. I can smell bullshit in the air
You've been using the wrong air freshener then

http://thesinglefilez.files.wordpres...5/bullshit.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #26,569
  • Apr 11, 2012 3:49am Apr 11, 2012 3:49am

Wednesday, April 11, 2012 1:46:29 AM (ID) Indonesia said to have reported earthquake registered as high as 8.9; tsunami warning issued

Have Market Intel? TradeTheNews.com Tip Line -> Click Here

  • #26,570
  • Apr 11, 2012 3:56am Apr 11, 2012 3:56am
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting Allseeingeye

Wednesday, April 11, 2012 1:46:29 AM (ID) Indonesia said to have reported earthquake registered as high as 8.9; tsunami warning issued

Have Market Intel? TradeTheNews.com Tip Line -> Click Here

Oh bearshit... yet another... Hope they take it seriously and news reach people in shorearea.
  • #26,571
  • Apr 11, 2012 3:57am Apr 11, 2012 3:57am
Attached Image
Those who say it cannot be done should not interrupt those who are doing it
  • #26,572
  • Apr 11, 2012 3:58am Apr 11, 2012 3:58am
Quoting AFXFin
Oh bearshit... yet another... Hope they take it seriously and news reach people in shorearea.
After the last one they had several years ago (2004), they will certainly take it very seriously. May God be with them all.

Attached Image (click to enlarge)
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Those who say it cannot be done should not interrupt those who are doing it
  • #26,573
  • Apr 11, 2012 4:13am Apr 11, 2012 4:13am
Quoting Allseeingeye

Wednesday, April 11, 2012 1:46:29 AM (ID) Indonesia said to have reported earthquake registered as high as 8.9; tsunami warning issued



Have Market Intel? TradeTheNews.com Tip Line -> Click Here


My desk just shaked as well ... our office building been evaquated for 30 mins. Here the scale only 3.7 though
  • #26,574
  • Apr 11, 2012 4:19am Apr 11, 2012 4:19am
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting rekon67
My desk just shaked as well ... our office building been evaquated for 30 mins. Here the scale only 3.7 though
Hope everything is fine there?
Just started wondering market effect?
- Oil
- Asian currencies
- What else?

ADD: Indonesia is still a large technology manufacturer. If tsunami hits it may mean effect to technology stocks.
Last time price of memory chips doubled.
  • #26,575
  • Apr 11, 2012 4:22am Apr 11, 2012 4:22am
Quoting AFXFin
Hope everything is fine there?
Just started wondering market effect?
- Oil
- Asian currencies
- What else?
Tick chart is printing some bloody waves from last half an hour...
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  • #26,576
  • Apr 11, 2012 4:23am Apr 11, 2012 4:23am
Quoting AFXFin
Hope everything is fine there?
Just started wondering market effect?
- Oil
- Asian currencies
- What else?
Asian markets are closed now. They closed at 0900 GMT

Other market effects other than what you specified would be raw materials and precious metals that may be in transit at this time in the area.

I wonder if there is a huge gold shipment on its way to China from Australia

Also if all of the indian ocean is affected and they get tsunamis everywhere, that could once again cause supply disruptions from the tech manufacturing sectors in Malaysia, Indonesia, Thailand, etc.
Those who say it cannot be done should not interrupt those who are doing it
  • #26,577
  • Apr 11, 2012 4:32am Apr 11, 2012 4:32am
Italian T-Bill auction results

Sold Eur 3 bln of 91 day BOT, yield 1.249% (from 0.492%), cover 1.81 (from 2.23)

Sold Eur 8 bln of 361 day BOT, yield 2.84% (from 1.405%), cover 1.52 (from 1.38)
Those who say it cannot be done should not interrupt those who are doing it
  • #26,578
  • Apr 11, 2012 4:32am Apr 11, 2012 4:32am
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting PipTrapper
Asian markets are closed now. They closed at 0900 GMT

Other market effects other than what you specified would be raw materials and precious metals that may be in transit at this time in the area.

I wonder if there is a huge gold shipment on its way to China from Australia

Also if all of the indian ocean is affected and they get tsunamis everywhere, that could once again cause supply disruptions from the tech manufacturing sectors in Malaysia, Indonesia, Thailand, etc.
From EURUSD point of view it may have effect of dropping price of USD -> bullish on EURUSD.
  • #26,579
  • Apr 11, 2012 4:51am Apr 11, 2012 4:51am
Quoting AFXFin
From EURUSD point of view it may have effect of dropping price of USD -> bullish on EURUSD.
So far no report of actual tsunamis.

Guest caller on CNBC saying that it was a horizontal shift in tectonic plates as opposed to vertical. Therefore no elevation shift occurred. This means that tsunami unlikely.
Those who say it cannot be done should not interrupt those who are doing it
  • #26,580
  • Apr 11, 2012 5:06am Apr 11, 2012 5:06am
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Market seem to be going up and fast. My robots just got crazy making profits.

PT, how are your shorts. Still dry?
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