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Euro/Dollar

  • #981
  • Jul 27, 2012 4:13am Jul 27, 2012 4:13am
Quoting MaxDoom

>>>>>>>>>snip>>>>>>>>>>>>snip>>>>>>>>>>>>>>>>>>>snip>>>>>

but it will most likely be formed in an ABC three wave structure so some pullback should be expected before the target is reached. A classic pullback area is 38% which it reached yesterday at 1.2310 so be on the look out for that.

>>>>>>>>>>>>>snip>>>>>>>>>>>>>>snip>>>>>>>>>>>>>>>>>>>>>>snip
I think we will correct back toward the 2500 area, barring some shocking event like a Grexit followed by bank runs on Spain etc....

..... but since we are heading into August, I doubt we will get a nice clear corrective wave in three well defined swings. Seasonality would suggest a complex correction through the thin August seasonality. If we are to head higher, S&P500 also will be entering a zone above 1363.90...the key level to watch today BTW..... that suggests that market will struggle in a complex way toward a re-test of 1392.10

August is often a frustrating sideways grind in fits and starts amid thin conditions....
  • #982
  • Jul 27, 2012 4:18am Jul 27, 2012 4:18am
Quoting Crassius
I think we will correct back toward the 2500 area, barring some shocking event like a Grexit followed by bank runs on Spain etc....

..... but since we are heading into August, I doubt we will get a nice clear corrective wave in three well defined swings. Seasonality would suggest a complex correction through the thin August seasonality. If we are to head higher, S&P500 also will be entering a zone above 1363.90...the key level to watch today BTW..... that suggests that market will struggle in a complex way toward a re-test of 1392.10

August...

for sure

my first EU long for today in place @ 53
  • #983
  • Jul 27, 2012 4:44am Jul 27, 2012 4:44am
really grumpy guy but! like his videos and he is doing it daily so check this guy out

Inserted Video
swing it!
  • #984
  • Jul 27, 2012 4:45am Jul 27, 2012 4:45am
Quoting MaxDoom
for sure

my first EU long for today in place @ 53
with you few seats back @ 1,2246, nice double bottom M5
swing it!
  • #985
  • Jul 27, 2012 4:47am Jul 27, 2012 4:47am
Morning Gays,

Lets screwed those shorts
If there was easy money lying around,no one would be forcing it into your
  • #986
  • Jul 27, 2012 4:52am Jul 27, 2012 4:52am
Quoting FXMindset
Morning Gays,

Lets screwed those shorts
Morning

I closed mine and open short - no idea I was a scalper untill today
So far pivots doing great job, from 2304 last night to 2242 today where I am planning to reload if it holds, and next line looking at H1/H4 is 2450/60
swing it!
  • #987
  • Jul 27, 2012 6:32am Jul 27, 2012 6:32am
Quoting tomspin
Morning

I closed mine and open short - no idea I was a scalper untill today
So far pivots doing great job, from 2304 last night to 2242 today where I am planning to reload if it holds, and next line looking at H1/H4 is 2450/60
If there was easy money lying around,no one would be forcing it into your
  • #988
  • Jul 27, 2012 6:33am Jul 27, 2012 6:33am
Sold euro @ 1,2309 secured @ BE I will push stop down more.
No risk now, I'll leave it like this - apparently we shouldn't try to pick tops and smelly bottoms

http://s14.postimage.org/54jcbohc1/euro.gif
hosting images
swing it!
  • #989
  • Jul 27, 2012 6:36am Jul 27, 2012 6:36am
Sold gold as well from 1632 with 200 points stop - Good RR aiming at 1600 but GDP could (will) stirr things up
swing it!
  • #990
  • Jul 27, 2012 7:09am Jul 27, 2012 7:09am
Quoting tomspin
Sold gold as well from 1632 with 200 points stop - Good RR aiming at 1600 but GDP could (will) stirr things up
We might have a surprise havok on these German CPI data before the US GDP comes up. Tend a bit of care to that, my friend

On the short term, the bullish momentum might re-appear. On the long term, until Draghi and Merkel come up and say they're ready for a slice of bigger german inflation, the market is clearly bearish.

Trade safe.

PS : And my trade yesterday got out at BE, seems like it couldn't go 8 more pips from that top. Sh*t happens.

And 1.2315 triple top on m15. Didn't see that yet, just opened my trader.
Please, just slap me around if I'm being silly ...
  • #991
  • Jul 27, 2012 7:15am Jul 27, 2012 7:15am
Quoting daemon_delux
We might have a surprise havok on these German CPI data before the US GDP comes up. Tend a bit of care to that, my friend

On the short term, the bullish momentum might re-appear. On the long term, until Draghi and Merkel come up and say they're ready for a slice of bigger german inflation, the market is clearly bearish.

Trade safe.

PS : And my trade yesterday got out at BE, seems like it couldn't go 8 more pips from that top. Sh*t happens.

And 1.2315 triple top on m15. Didn't see that yet, just opened my trader.
I am flat now, those positions where stoped out BE + pennies, waiting for data and dust to settle afterward.
No point in taking further risk.
swing it!
  • #992
  • Jul 27, 2012 7:22am Jul 27, 2012 7:22am
I bet few insider cats got those positions ready - I am jealous
FF will crash probably so put on bloomberg they will say it faster than we can click our mouses
swing it!
  • #993
  • Jul 27, 2012 7:27am Jul 27, 2012 7:27am
http://finance.yahoo.com/news/german...GFnZQ--;_ylv=3

BERLIN (Reuters) - Germany said on Friday it stood ready, just like the European Central Bank, to do all in its power to ensure the survival of the euro but it reiterated its opposition to granting a banking license to the euro zone's bailout funds.
"The president of the ECB said the ECB will do all that is necessary to maintain the euro and the German government will do all that is politically required to maintain the euro," government spokesman Georg Streiter told a news briefing.
"The ECB makes its contribution and the German government makes its contribution," Streiter added.
Attached Image (click to enlarge)
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Trading Consultants Inc JJG
  • #994
  • Jul 27, 2012 7:38am Jul 27, 2012 7:38am
8:36 EDT - US 2Q GDP grows 1.5% -- more than expected, but the more important story going forward is where growth came from. Inventory growth added 0.32 percentage point to 2Q GDP growth. Consumer spending slowed and government outlays dropped. The mix paints a recovery struggling with too little demand, which is starting to slow production


I will look to buy the dip
  • #995
  • Jul 27, 2012 7:39am Jul 27, 2012 7:39am
Did I say triple top M15 on 1.2315? Yes, I did. SL at BE right now, waiting for 60 to present itself as a TP.
Please, just slap me around if I'm being silly ...
  • #996
  • Jul 27, 2012 7:40am Jul 27, 2012 7:40am
Quoting tomspin
2320 in play this time for me - hopium will at least for now with much need it bounce.
2320 is a good resistance now,
I am selling from 1,2309 again and gold from 1631,95 secured at BE
swing it!
  • #997
  • Jul 27, 2012 7:42am Jul 27, 2012 7:42am
Quoting MaxDoom
8:36 EDT - US 2Q GDP grows 1.5% -- more than expected, but the more important story going forward is where growth came from. Inventory growth added 0.32 percentage point to 2Q GDP growth. Consumer spending slowed and government outlays dropped. The mix paints a recovery struggling with too little demand, which is starting to slow production


I will look to buy the dip
True, bears need 40 I will watch that level & change my stance if need it.
swing it!
  • #998
  • Jul 27, 2012 7:48am Jul 27, 2012 7:48am
looking at my pivots 2160/55 could be reached but 2240 will be hard to brake,
swing it!
  • #999
  • Jul 27, 2012 7:50am Jul 27, 2012 7:50am
Quoting tomspin
looking at my pivots 2160/55 could be reached but 2240 will be hard to brake,

  • #1,000
  • Jul 27, 2012 8:03am Jul 27, 2012 8:03am
Closed them all, nice but short lived gain, Waiting for NY open
swing it!
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