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Euro/Dollar

  • #1,601
  • Aug 15, 2012 9:21am Aug 15, 2012 9:21am
Quoting Crassius
US Stocks are puffing the Hopium... where's the lift for EURO?

Pass the viagra.... patience GrassHopper....
Maybe currency traders finally quit smoking
swing it!
  • #1,602
  • Aug 15, 2012 9:26am Aug 15, 2012 9:26am
Quoting tomspin
.... somebody is selling euro, no doubt

Rumors SNB has been selling into 2290....
  • #1,603
  • Aug 15, 2012 10:07am Aug 15, 2012 10:07am
Quoting FXMindset
Short @ 1.2335 Stop @ 1.2345 TP : Open
close @ 1.2283
If there was easy money lying around,no one would be forcing it into your
  • #1,604
  • Aug 15, 2012 10:10am Aug 15, 2012 10:10am
Quoting tomspin
I was wondering were Tau is.
Irrational moves, I think we will finally challenge our trend line, somebody is selling euro, no doubt
Looking at PA if this hour fail to confirm buyers on EJ, we may be in for a bigger leg than we thought.
Good day to you, sir

I'm around... but not too involved.

Thank you for asking. Hope things are going great on your side of the world.

All the best
  • #1,605
  • Aug 15, 2012 10:11am Aug 15, 2012 10:11am
Quoting FXMindset
close @ 1.2283
Green and good!

Regards
  • #1,606
  • Aug 15, 2012 10:13am Aug 15, 2012 10:13am
Quoting TauTrader
Green and good!

Regards
amen sir,lucky only..

and miss ya ^^
If there was easy money lying around,no one would be forcing it into your
  • #1,607
  • Aug 15, 2012 10:36am Aug 15, 2012 10:36am
I realize that we are at the mercy of Stocks here... They're top heavy and we can't get any where if we have to drag them....

But just want to point out that we have had five minor (interior)waves up and three waves down, and bounced off a rising trend line on the 4H depending on where you draw it as always... we also bounced in the region of prior lows... where my add order rested but failed to fill.

I just missed my add to position Limit order at 1.2262... have lightened up the small position taken at 1.2276 and booked some green going in the European close... but I'm hanging on to a tiny little bit.

These are price action based bars not tied to time, and obviously not range bars either. They give a clearer picture of the price action being free of time, and free of the imposition of a range as range bars do.
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  • #1,608
  • Aug 15, 2012 11:21am Aug 15, 2012 11:21am
Stopped out on the tiny bit I held at +2 pips.... wasn't worth going into the red if I needed to hold through roll over.... Tomorrow is another day...
  • #1,609
  • Aug 15, 2012 12:08pm Aug 15, 2012 12:08pm
Quoting TauTrader
Good day to you, gentlemen

I am going to attempt a long on EU from the current levels...

Will see

Regards
Good day to you,

I'm still holding EU longs. Price drifting. Setting TP @ 1.23200 and I will leave it to either mature or fold. Feel like calling a bear trap. But i'm not going to.

Off to study a few things...

All the best

Regards
  • #1,610
  • Aug 15, 2012 2:58pm Aug 15, 2012 2:58pm
Another close on the pink line tonight, this bars low is higher than the last 2 low bars,
there still seems to be some kind of bid under it.
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You can remain irrational longer than you can remain solvent.
  • #1,611
  • Aug 15, 2012 3:11pm Aug 15, 2012 3:11pm
Quoting jezek5
Yesterdays bar might be seen as a reversal
but for me the close wasn't at all convicing,
we need a close below that rising red trend line
to signal a pullback,i still think there is one more run up first,
this market must be heavy short now.

The highest close since early March,still looking like it wants to go higher,
I get all the reasons why this should rollover but to qoute a great trader
who used to post on FF called Cloggie "always look for the trend to continue and don't always look for it to reverse" wise words indeed.
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You can remain irrational longer than you can remain solvent.
  • #1,612
  • Aug 15, 2012 8:53pm Aug 15, 2012 8:53pm
Quoting TauTrader
Good day to you,

I'm still holding EU longs. Price drifting. Setting TP @ 1.23200 and I will leave it to either mature or fold. Feel like calling a bear trap. But i'm not going to.

Off to study a few things...

All the best

Regards
Good day to you,

Decided to bank here. I have no particular reason to do so - but i'll rather wait for a clearer setup.

All the best.

Regards
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  • #1,613
  • Aug 15, 2012 10:49pm Aug 15, 2012 10:49pm
Good day to you,

My chart posted with the entries yesterday, has not changed at all. This is why I like the Renko charts. There has been very little momentum - so indicators on normal charts would almost " reset" and becomes very difficult to deal with.

I am still going to look for a long scalp. Hopefully from a little bit lower.

Regards
  • #1,614
  • Aug 15, 2012 10:59pm Aug 15, 2012 10:59pm
Quoting TauTrader
Good day to you,

Decided to bank here. I have no particular reason to do so - but i'll rather wait for a clearer setup.

All the best.

Regards

Good timing Mr. Tau as usual..

My computer just work me up to show me the price action on EURUSD... interesting indeed....
  • #1,615
  • Aug 15, 2012 11:19pm Aug 15, 2012 11:19pm
Quoting Crassius
Good timing Mr. Tau as usual..

My computer just work me up to show me the price action on EURUSD... interesting indeed....
Good morning to you, sir

Lucky.

Your numbers you mentioned on your buy limits yesterday were spot on. As usual.

I have now again entered long @ 1.2280 and placed buy limit @ 1.2262 ( working with 20 pip Renko) Will see how it goes - may add one more @ 1.224x.

I'm leaving for a meeting a bit later - so will miss most of London today.

Interestingly, the monthly shows possible movement upwards. Just to get the timing right...

All the best to you for the day ahead.

Warm regards
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  • #1,616
  • Edited 1:08am Aug 16, 2012 12:44am | Edited 1:08am
Quoting TauTrader
Good morning to you, sir

Lucky.

Your numbers you mentioned on your buy limits yesterday were spot on. As usual.

I have now again entered long @ 1.2280 and placed buy limit @ 1.2262 ( working with 20 pip Renko) Will see how it goes - may add one more @ 1.224x.

Warm regards
Just coming to my desk for the trading day in earnest. Lots that I see interesting... not sure if I will muster the effort to put together some charts.

You gotta love August -- at the end of it every year's August I always tell myself to take the next August off....

I'm not in love with it -- but I have layered in some Buy Limits between current PA (1.2280) and 1.2243 to build a somewhat reduced sized position. This is for my Reversion To The Mean model... or RTM for short.

I'll take the fills if they come, but I'm reducing the size of the overall position by 25%. I have to have balls and lay money in the line to make anything.... but I also have to manage risk... smaller position warranted in light of the August chart that has arguments for up or down.

I feel a sell off to major support around 1.2240 will cause at least a dead cat bounce... if not we'll know quickly.

Equities remain the main driver of the market. Keep a close eye on US Ten Year yields... Higher yield means dollar strength. This may be taking over as the fundamental driver.... my expected dollar low predicted August 21 to 24 may already be in. If the dollar model I have been following materializes, we could be at the beginning of stratospheric heights for the dollar, that portend War, Euro collapse, or other calamity if fully realized. Lows not seen in Euro for years would be in the offing over the coming months/year. Dollar strength on firming US Ten's are exactly what the model predicts... we are either just one week early on a model that is one year in the running... or this is the first breakout for the dollar, which will fall back, re-test support, forming the predicted low next week, then breaking out for real. Also ears should be pricked for fast money news fueled knee jerk moves out of Germany. Merkel has been back on the job the last few days.... so its just about time for her to come out with some chilling statement in these thin conditions... Be stingy and nimble today folks.
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  • #1,617
  • Aug 16, 2012 12:55am Aug 16, 2012 12:55am
Morning,

EU Today

Open : 1.2288
Offer : 1.2303
Bid : 1.2274

Goodluck Gays ~
If there was easy money lying around,no one would be forcing it into your
  • #1,618
  • Aug 16, 2012 1:03am Aug 16, 2012 1:03am
Quoting Crassius
Just coming to my desk for the trading day in earnest. Lots that I see interesting... not sure if I will muster the effort to put together a full post...

You gotta love August -- at the end of it every year's August I always tell myself to take the next August off....

I'm not in love with it -- but I have layered in some Buy Limits between current PA (1.2280) and 1.2243 to build a somewhat reduced sized position. This is for my Reversion To The Mean model... or RTM for short.

I'll take the fills if they come, but I'm reducing the size of...
Wise, I think...

I mostly attempt to think where one can be fooled - and the most probable area would seem to be just below recent support. I therefor do believe the 1.2260 - 1.2240 area would be optimal for a long entry - should that be one's bias.

Well... i'm quickly preparing some notes for my meeting a bit later. Will pop in later today to see how it went.

All the best to you, sir

Regards
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  • #1,619
  • Aug 16, 2012 1:09am Aug 16, 2012 1:09am
Quoting TauTrader
Wise, I think...

I mostly attempt to think where one can be fooled - and the most probable area would seem to be just below recent support. I therefor do believe the 1.2260 - 1.2240 area would be optimal for a long entry - should that be one's bias.

Well... i'm quickly preparing some notes for my meeting a bit later. Will pop in later today to see how it went.

All the best to you, sir

Regards
Beautiful Bar
If there was easy money lying around,no one would be forcing it into your
  • #1,620
  • Aug 16, 2012 1:14am Aug 16, 2012 1:14am
Quoting Crassius
....

I'm not in love with it -- but I have layered in some Buy Limits between current PA (1.2280) and 1.2243 to build a somewhat reduced sized position. This is for my Reversion To The Mean model... or RTM for short.

I'll take the fills if they come, but I'm reducing the size of the overall position by 25%. I have to have balls and lay money in the line to make anything.... but I also have to manage risk... smaller position warranted in light of the August chart that has arguments for up or down.

I feel a sell off to major support around...

First two limit orders filled... more adds lower
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