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EurAnalysis

  • #45,681
  • Aug 3, 2012 4:01am Aug 3, 2012 4:01am
Pending sell at 2220 and 2235.
First is retest of neckline of DT (PT talked about that), second is at DP + WP + fibo 38.2 of yesterday spike/swing.


Addon:
EURO-ZONE RETAIL SALES (JUN) IN AT 0.1%M/M AND -1.2%Y/Y VERSUS -0.1%M/M AND -1.9%Y/Y EXPECTED AND 0.8%M/M AND -0.8%Y/Y PRIOR (REV. HIGHER).
3 Aug 11:00:17
  • #45,682
  • Aug 3, 2012 4:02am Aug 3, 2012 4:02am
Quoting FXSwissTrader
U/CAD is a dam stubborn pair these days. Looks like it wants to get back to parity.
I know. It's starting to piss me off. However, with patience (and my own stubbornness), I'm still holding my longs
Those who say it cannot be done should not interrupt those who are doing it
  • #45,683
  • Aug 3, 2012 4:03am Aug 3, 2012 4:03am
Quoting Chika Kure
Pending sell at 2220 and 2235.
First is retest of neckline of DT (PT talked about that), second is at DP + WP + fibo 38.2 of yesterday spike/swing.


Addon:
EURO-ZONE RETAIL SALES (JUN) IN AT 0.1%M/M AND -1.2%Y/Y VERSUS -0.1%M/M AND -1.9%Y/Y EXPECTED AND 0.8%M/M AND -0.8%Y/Y PRIOR (REV. HIGHER).
3 Aug 11:00:17
I jumped in a bit early at 1.2213 but if price makes it to the 38.2 fibo, I'll jump in with another one.

ADD: My recommended entry points for shorts today... if you're a bear.

Quoting PipTrapper
... Technically, the E/U pair is a bit stretched to the downside so fresh shorts at these levels are not something I would advocate. I am already sufficiently levered up on my shorts, but I would not hesitate to add more should we get a push upwards. Good levels to short from are (in my opinion):

1. 1.2220 (previous support turned resistance)
2. 1.2235 (38.2% fibo of yesterdays range, combined with the weekly and daily pivots).
3. 1.2268 (50% fibo of yesterdays range)
4. 1.2300 (61.8% fibo of yesterdays range)
...
Those who say it cannot be done should not interrupt those who are doing it
  • #45,684
  • Aug 3, 2012 4:06am Aug 3, 2012 4:06am
Quoting PipTrapper
I jumped in a bit early at 1.2213 but if price makes it to the 38.2 fibo, I'll jump in with another one.

Well I jumped in at 2197 also... watching the mofo... having a really hard time to get to my pendings.
  • #45,685
  • Aug 3, 2012 4:10am Aug 3, 2012 4:10am
My first sell was rather early on a poor signal - I guess my concentration was somewhere else! - I sold again at my next level 2216 and closed both for lunch money in the drop towards the 5m 34 EMA - so now I can go out flat as I dont trust the NFP not to spike up to either the 38% retrace at 2236 or even the 50% at 2268. Take care guys.....BFN
Trading Levels with WRBs
  • #45,686
  • Aug 3, 2012 4:11am Aug 3, 2012 4:11am
Quoting Islander
My first sell was rather early on a poor signal - I guess my concentration was somewhere else! - I sold again at my next level 2216 and closed both for lunch money in the drop towards the 5m 34 EMA - so now I can go out flat as I dont trust the NFP not to spike up to either the 38% retrace at 2236 or even the 50% at 2268. Take care guys.....BFN
Enjoy the views Islander
Those who say it cannot be done should not interrupt those who are doing it
  • #45,687
  • Aug 3, 2012 4:13am Aug 3, 2012 4:13am
Entered manually at 2216, and deleted pending at 2220, since I have to go out. Pending at 2235 also there, stuff it.

PT and others, what is your opinion about shorting cable?
I think pending slightly bellow 5580 could be good place.
Many bad news about UK economy was released recently, so "funda" for short is there.
  • #45,688
  • Aug 3, 2012 4:15am Aug 3, 2012 4:15am
Hey guys,

As i said slant eye on price action till NFP time but i too have been triggered short with my Sell Limit at 1.2216 , i also have more in place if this does go higher. However, i think the market will now range between 1.22 & 1.2237 for now and till NFP is released, i dont think there will be violent volatile moves even when the news is released (providing the numbers are near expectations and no shocking numbers released) and eventually this beloving pair will resume its downtrend and we will see 1.21 before market closed tonight.

Thats my insight for now will be back 30mins before the data is released.

Good luck to everyone!
Cheers!!
  • #45,689
  • Aug 3, 2012 4:19am Aug 3, 2012 4:19am
Quoting PipTrapper
I know. It's starting to piss me off. However, with patience (and my own stubbornness), I'm still holding my longs
when I entered that trade, I knew it would be a patience tester. Its getting on my nerves but still holding it.

My plan is to hold it till 0.9950, below that will have to make a decision depending upon PA.
  • #45,690
  • Aug 3, 2012 4:21am Aug 3, 2012 4:21am
Quoting PipTrapper
I jumped in a bit early at 1.2213 but if price makes it to the 38.2 fibo, I'll jump in with another one.

ADD: My recommended entry points for shorts today... if you're a bear.
I'm triggered @1.2220.
Attached Image
  • #45,691
  • Aug 3, 2012 4:31am Aug 3, 2012 4:31am
Quoting FXSwissTrader
I'm triggered @1.2220.
Triggered@ 1.2235 - 38.2% fib as well. My next short is at 1.23 level - 61.8% fib. I'm not a big fan of 50% fib line.
  • #45,692
  • Aug 3, 2012 4:35am Aug 3, 2012 4:35am
Quoting FXSwissTrader
I'm triggered @1.2220.
Isn't too early for shorting?
We have a strong long bullish candle on 4H.
I will look for shorting signals some pips above where we are now...
However not technical analysis, but NON -FARM is to rule the markets today.
If Non-Farm will be much positive, we can forget about shorting this and next week...

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 30 KB
Read Charts - Not Papers
  • #45,693
  • Aug 3, 2012 4:35am Aug 3, 2012 4:35am
Quoting FXSwissTrader
Triggered@ 1.2235 - 38.2% fib as well. My next short is at 1.23 level and 61.8% fib. I'm not a big fan of 50% fib line.
Same here Sell@ 2230 SL above 2260.

Lets see
  • #45,694
  • Aug 3, 2012 4:37am Aug 3, 2012 4:37am
maybe we test 1.2260/80 very very soon....?
Cheers!!
  • #45,695
  • Aug 3, 2012 4:38am Aug 3, 2012 4:38am
Quoting FXSwissTrader
Triggered@ 1.2235 - 38.2% fib as well. My next short is at 1.23 level - 61.8% fib. I'm not a big fan of 50% fib line.
1.2238 for me. Second entry. 4 more to go till I hit my leverage comfort limit.
Those who say it cannot be done should not interrupt those who are doing it
  • #45,696
  • Aug 3, 2012 4:39am Aug 3, 2012 4:39am
Quoting halkins
Isn't too early for shorting?
We have a strong long bullish candle on 4H.
I will look for shorting signals some pips above where we are now...
However not technical analysis, but NON -FARM is to rule the markets today.

Attachment
IMO doesn't matter what the number is on NFP, dollar should rally against EURO. Pullback is more then likely profit taking from yesterday and a repositioning for NFP. As far as entering short at these levels, should be safe if you apply proper MM and scale in using fib.
  • #45,697
  • Aug 3, 2012 4:46am Aug 3, 2012 4:46am
Quoting FXSwissTrader
IMO doesn't matter what the number is on NFP, dollar should rally against EURO. Pullback is more then likely profit taking from yesterday and a repositioning for NFP. As far as entering short at these levels, should be safe if you apply proper MM and scale in using fib.
Those who say it cannot be done should not interrupt those who are doing it
  • #45,698
  • Aug 3, 2012 4:55am Aug 3, 2012 4:55am
Quoting FXSwissTrader
IMO doesn't matter what the number is on NFP, dollar should rally against EURO. Pullback is more then likely profit taking from yesterday and a repositioning for NFP. As far as entering short at these levels, should be safe if you apply proper MM and scale in using fib.
what about your AUD/USD short from 1.0525, still holding it?
  • #45,699
  • Aug 3, 2012 5:03am Aug 3, 2012 5:03am
Quoting The_Genious
what about your AUD/USD short from 1.0525, still holding it?
Oh no. I cashed out of that position at bottom day before and cashed out of a higher position in A/U yesterday as well. That's a stubborn pair too like U/CAD. I very rarely hold positions overnight except E/U.
  • #45,700
  • Aug 3, 2012 5:12am Aug 3, 2012 5:12am
More rumors. It could be true, but for some reason I am waiting for a denial.

To me it makes no sense that Spain would jump for a bailout right now. It's not like their bond yields are at an all time high. What's the friggin problem? Seems to me someone either forgot to short the Euro or forgot to dump some Spanish bonds yesterday .

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Those who say it cannot be done should not interrupt those who are doing it
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