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  • #1,221
  • Aug 2, 2012 7:09am Aug 2, 2012 7:09am
Good day to you,

I'm pissed as I have a problem with one of my indicators on the Daily... so not sure exactly where we are. Still some pressure up on 4hr - but hourly is turning short - so going for a little short scalp @ 1.2320

Will see

Regards
  • #1,222
  • Aug 2, 2012 7:11am Aug 2, 2012 7:11am
Quoting TauTrader
Good day to you,

EU did not dip as hoped so missed the buy.

Now sideline

Regards
Quoting tomspin
If 1,2300 won't hold we are looking at 1,2380 here.

The real move will happen during the press conference not the announcement. Keeping the rate unchanged keeps the interest rate differential between the US and Euro in place, and that makes the Euro more valuable vs the dollar.

What the market really wants to know is what.... if anything... is what Draghi going to do about bond rates.... That news is where the fireworks will happen... in the press conference.

And it will be choppy and crazy and the sidelines are not a bad place to be during the conference. There will be plenty of pips to pick up later... in much safer conditions. Every sentence Draghi utters in that presser could move the market one way or the other... every sentence.... Up one sentence... down the next. For gamblers only, IMHO.. or longer term players that want to hold through the volatility.

So he didn't cut the rate.. that's a little bullish because it preserves the interest rate differential .... but its the status quo ante of his remarks that got the market so wound up ... and Spanish bond yields 100 basis points lower.....

He's gonna have to do more than the status quo... or Spanish bond yields will go back above 7% and we wont be trading EURUSD at @2385 with Spanish yields at 7%.

The real, lasting move will be off the press conference today not the rate decision.

Silly season.... I choose to wait for more information.
  • #1,223
  • Aug 2, 2012 7:16am Aug 2, 2012 7:16am
great as always!
Thanks for that
swing it!
  • #1,224
  • Aug 2, 2012 7:24am Aug 2, 2012 7:24am
Quoting Crassius
The real move will happen during the press conference not the announcement. Keeping the rate unchanged keeps the interest rate differential between the US and Euro in place, and that makes the Euro more valuable vs the dollar.

What the market really wants to know is what.... if anything... is what Draghi going to do about bond rates.... That news is where the fireworks will happen... in the press conference.

And it will be choppy and crazy and the sidelines are not a bad place to be during the conference. There will be plenty of pips to pick...

look at the pump up before hand - surely he will have to produce solutions from thin air to keep EU this high today now..... ie: anticipation is well and truely priced in....

killed my shorts, but hey ho.
  • #1,225
  • Aug 2, 2012 7:27am Aug 2, 2012 7:27am
Quoting TauTrader
Good day to you,

I'm pissed as I have a problem with one of my indicators on the Daily... so not sure exactly where we are. Still some pressure up on 4hr - but hourly is turning short - so going for a little short scalp @ 1.2320

Will see

Regards
Good day,

She's quite difficult on this Thursday.... What to do?

Regards
  • #1,226
  • Aug 2, 2012 7:29am Aug 2, 2012 7:29am
Easy lads, we'll have our bounty, not just yet
swing it!
  • #1,227
  • Aug 2, 2012 7:35am Aug 2, 2012 7:35am
looks like she gonna completing the third wave on 1.249-1.25
If there was easy money lying around,no one would be forcing it into your
  • #1,228
  • Aug 2, 2012 7:37am Aug 2, 2012 7:37am
Quoting tomspin
Easy lads, we'll have our bounty, not just yet
he is still only saying MAY
  • #1,229
  • Aug 2, 2012 7:41am Aug 2, 2012 7:41am
Quoting Crassius
The real move will happen during the press conference not the announcement. Keeping the rate unchanged keeps the interest rate differential between the US and Euro in place, and that makes the Euro more valuable vs the dollar.

What the market really wants to know is what.... if anything... is what Draghi going to do about bond rates.... That news is where the fireworks will happen... in the press conference.

And it will be choppy and crazy and the sidelines are not a bad place to be during the conference. There will be plenty of pips to pick...
Good day to you,

Nice post - thanks.

Platform frozen..... WTF? I have no clue where we are

All the best to you

Regards
  • #1,230
  • Aug 2, 2012 7:42am Aug 2, 2012 7:42am
The biggest H1 wick I have ever seen - he brag about usual stuff & nothing about to back up his previous statement - unless bastard keep it for Q&A
swing it!
  • #1,231
  • Aug 2, 2012 7:44am Aug 2, 2012 7:44am
Quoting TauTrader
Good day to you,

Nice post - thanks.

Platform frozen..... WTF? I have no clue where we are

All the best to you

Regards
We droped to 2280 from 2400 pretty fast, Q&A started right now
edit
there is a live coverage @ zerohedge.com
swing it!
  • #1,232
  • Aug 2, 2012 7:46am Aug 2, 2012 7:46am
the bounces in the dax you could have made 300 pips so far

if only you could time it
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  • #1,233
  • Aug 2, 2012 7:51am Aug 2, 2012 7:51am
The king is naked - sell stop triggered & secured and all todays losses taken from the bastards

http://s18.postimage.org/8mnmdmmo9/euro.gif
upload picture
swing it!
  • #1,234
  • Aug 2, 2012 7:52am Aug 2, 2012 7:52am
Quoting tomspin
The king is naked - sell stop triggered & secured and all todays losses teken from the bastards

http://s18.postimage.org/8mnmdmmo9/euro.gif
upload picture

yep same here

price in was expecation of things AGREED or are being DONE instead we get MAY and IF
  • #1,235
  • Aug 2, 2012 7:53am Aug 2, 2012 7:53am
LOL he said he is overwhelmed by market responce after his previous statement - so much BS.
swing it!
  • #1,236
  • Aug 2, 2012 7:55am Aug 2, 2012 7:55am
Quoting MaxDoom
yep same here

price in was expecation of things AGREED or are being DONE instead we get MAY and IF
The drop is so much stronger than the hopium - that says a lot - congrats Max
swing it!
  • #1,237
  • Aug 2, 2012 7:56am Aug 2, 2012 7:56am
2170-75 would be a really nice low to hit -- bottom of the channel and a nice place to complete the B wave
  • #1,238
  • Aug 2, 2012 7:57am Aug 2, 2012 7:57am
Quoting tomspin
The drop is so much stronger than the hopium - that says a lot - congrats Max
what it means is non-one is in agreement on what to do yet.....
  • #1,239
  • Aug 2, 2012 7:59am Aug 2, 2012 7:59am
Quoting TauTrader
Good day,

She's quite difficult on this Thursday.... What to do?

Regards
Good day to you,

Payday. I am grateful. Closed all.

Regards
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  • #1,240
  • Aug 2, 2012 8:00am Aug 2, 2012 8:00am
Quoting tomspin
LOL he said he is overwhelmed by market responce after his previous statement - so much BS.
Typical for Draghi. Anyway, charts speak for themselves. My first target from 2360 is 2150 for today.

Trade safe, guys.
Please, just slap me around if I'm being silly ...
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