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  • #656,441
  • Jun 13, 2012 10:07am Jun 13, 2012 10:07am
Quoting attila
No my friend, the move up was not algos based. It was fueled by the "good" news that Greece will get some slack on the money they own and relaxing the austerity conditions..
I don't think any such thing will happen. they will probably say something diff tomorrow and something diff on friday.
  • #656,442
  • Jun 13, 2012 10:07am Jun 13, 2012 10:07am
average yields have gone down on US bonds. this is a good sign for the american economy. bid to cover was high too.

i'm personally expecting a downmove to 2545 in the near term (2 hours)

waiting for a confirmation on the M5 chart then entering at the end of retracement.
Daily Target: 20 pips
  • #656,443
  • Jun 13, 2012 10:07am Jun 13, 2012 10:07am
Quoting fxanonymous
average yields have gone down on US bonds. this is a good sign for the american economy. bid to cover was high too.

i'm personally expecting a downmove to 2545 in the near term (2 hours)

waiting for a confirmation on the M5 chart then entering at the end of retracement.
2545 wow. u think its possible? its bullish on all charts u look now.
  • #656,444
  • Jun 13, 2012 10:09am Jun 13, 2012 10:09am
Quoting Nachiket
I don't think any such thing will happen. they will probably say something diff tomorrow and something diff on friday.
Well, that was the news.. But yes, these clowns always say something different.. TBH, I don't really care because I know they lie every time they open their mouth. But the market moves on anything, lies included..
  • #656,445
  • Jun 13, 2012 10:11am Jun 13, 2012 10:11am
This should be the next move.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd(10).gif Size: 18 KB
  • #656,446
  • Jun 13, 2012 10:14am Jun 13, 2012 10:14am
Quoting Trader2000
This should be the next move.
No, that would be the move we all want to happen.
Forex rewards patience.
  • #656,447
  • Jun 13, 2012 10:15am Jun 13, 2012 10:15am
Quoting Doomfor
No, that would be the move we all want to happen.
This move will happen by tomorrow for sure.
  • #656,448
  • Jun 13, 2012 10:16am Jun 13, 2012 10:16am
Quoting Trader2000
This move will happen by tomorrow for sure.
Hope so.
Forex rewards patience.
  • #656,449
  • Jun 13, 2012 10:20am Jun 13, 2012 10:20am
Quoting Trader2000
This move will happen by tomorrow for sure.
Well what a great opportunity to be bigger than Soros eh?
swing it!
  • #656,450
  • Jun 13, 2012 10:22am Jun 13, 2012 10:22am
More likely like this.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 21 KB
  • #656,451
  • Jun 13, 2012 10:23am Jun 13, 2012 10:23am
Quoting Doomfor
Hope so.
I think nothing is sure in forex! Lets see, but hope it moves south again one more, my god!
  • #656,452
  • Jun 13, 2012 10:23am Jun 13, 2012 10:23am
Quoting Trader2000
This should be the next move.
Corect!
  • #656,453
  • Jun 13, 2012 10:26am Jun 13, 2012 10:26am
We're gonna have another rally tomorrow. Take care.
Forex rewards patience.
  • #656,454
  • Jun 13, 2012 10:33am Jun 13, 2012 10:33am
and euro rallies. such is the day today.
  • #656,455
  • Jun 13, 2012 10:35am Jun 13, 2012 10:35am
Quoting Kidman
I think nothing is sure in forex! Lets see, but hope it moves south again one more, my god!
Judging by the way it moved up just as the US market opened I think it was a dollar lend market and had little to do with euro strength or weekness etc..

When its during US market hours and looks like its dollar driven (people selling dollars and not really yearning to buying EURO) then I alway question the integrity of the trading and mostly just follow the trend regardless of fundamentals and technical.

I think today the americans thought that the senate hearing and questioning of jamie diamon may get ugly regarding US banking methods and risk taking. They began to sell dollars right at the start of the open and keep selling until the hearing was over in a successful attempt at preventing a sell off as all this bad questioning was taking place. Though I dont think they were really seeking euros as they were selling but more probably selling dollars and buying S&P futures again as a damage control for the senate hearings. Just as the questioning was finished, the dollar selling stopped quickly now we are trading in a more normal supply demand session.

When you hold the worlds reserve currency and have been know to be in a printing phase, it seems possible to manipulate markets as needed both dollar currency and S&P. US stock markets usually move higher when US dollar is weak so selling dollars is one way to help guide the stock market in case of some terrible selling..monday US stocks was already bad enough I think they hope for a more stable market as the week finishes
  • #656,456
  • Jun 13, 2012 10:39am Jun 13, 2012 10:39am
Quoting Kidman
I think nothing is sure in forex! Lets see, but hope it moves south again one more, my god!
And I hope it goes straight to 1.5 in the next 2 days. Too bad my hope doesn't move the market.
  • #656,457
  • Jun 13, 2012 10:40am Jun 13, 2012 10:40am
Quoting fxanonymous
average yields have gone down on US bonds. this is a good sign for the american economy. bid to cover was high too.

i'm personally expecting a downmove to 2545 in the near term (2 hours)

waiting for a confirmation on the M5 chart then entering at the end of retracement.
Alright, I am also waiting confirm with the 5min chart for short for only 10-20pips target with the 1:1 risk ratio. Let's wait we can get the opportunity if it's holding below 1.2600 (looks strong resistance in NY session) now.
TRADE WHAT U SEE NOT WHAT U WANT TO SEE.
  • #656,458
  • Jun 13, 2012 10:43am Jun 13, 2012 10:43am
Quoting Crassius
1.2625 is a key level....

there must be a boatload of stops just above..... this could get nasty.... but I just don't see 1.2625 giving way today.....

its gonna be a blood bath if it does.....
Well said so ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #656,459
  • Jun 13, 2012 10:44am Jun 13, 2012 10:44am
Positioning in Euro Means it Rises if No Bad News

13 Jun 2012, 18:43

12:43 EDT - Positioning in the euro is likely to lead the euro to grind higher against other major currencies when there are no major headlines to dictate trading, says Omer Esiner of Commonwealth Foreign Exchange. With traders holding record bets against the currency, they are likely to pare some of those positions or take profits on days where there isn't any major news to drive down the euro such as Wednesday's trading, he says. That said, Esiner says that any rally in the euro is a good time to sell because rallies are likely to be short-lived with risks still heavily leaning to the downside. Esiner says the euro could track down to $1.2286 quickly depending on the results of the Greek elections and Italian bond auctions in the coming days. On Wed, it's up about 0.75% at $1.2597, according to EBS via CQG.

June 13, 2012 12:43 ET (16:43 GMT)
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #656,460
  • Jun 13, 2012 10:45am Jun 13, 2012 10:45am
I am currently long on the eur/usd at 1.2523 when price closed above the coral moving average.

We can see the trendline that supports the move to the north in red.

I will take my profits around 1.2650, previous high reached last Sunday

Attached Image (click to enlarge)
Click to Enlarge Name: eur_june_13.jpg Size: 219 KB



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