DislikedE/U popped 55 pips on the data while U/J only dropped 22. Better play was E/U.Ignored
- #47,963
- Aug 16, 2012 8:30am Aug 16, 2012 8:30am
- | Joined Nov 2011 | Status: Trader | 2,104 Posts
Never underestimate the QE3 bugs out there holding onto their pipedream of balance sheet expansion in September. F'in idiots!
ADD:Let's see where the Philly Fed takes us
Did I tell you I hate E/U these days. What a bloody waste of time. G/U was the play today and didn't touch it.
At least I made +50 on my crude trade.
I observe your reality but live my own.
- #47,964
- Aug 16, 2012 8:30am Aug 16, 2012 8:30am
- Joined Mar 2012 | Status: Gold anyone | 6,524 Posts
It's summer volumes. Agood time for vacation and looking over strategies. Not so good for trading.
Wooooohooooo or Boooooohooooo
- #47,965
- Aug 16, 2012 8:39am Aug 16, 2012 8:39am
- | Joined Nov 2011 | Status: Trader | 2,104 Posts
Philly Fed Manufacturing Index could come out bad too in 30 mins.
I observe your reality but live my own.
- #47,966
- Aug 16, 2012 8:58am Aug 16, 2012 8:58am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
It's summer volumes. A good time for vacation and looking over strategies. Not so good for trading.
Those who say it cannot be done should not interrupt those who are doing it
- #47,968
- Aug 16, 2012 9:02am Aug 16, 2012 9:02am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
I'm still out and I think I'll stay for a while. 
Those who say it cannot be done should not interrupt those who are doing it
- #47,969
- Aug 16, 2012 9:08am Aug 16, 2012 9:08am
- | Joined Nov 2011 | Status: Trader | 2,104 Posts
I'm still out and I think I'll stay for a while.
I observe your reality but live my own.
- #47,970
- Aug 16, 2012 9:27am Aug 16, 2012 9:27am
- | Joined Nov 2011 | Status: Trader | 2,104 Posts
I observe your reality but live my own.
- #47,972
- Aug 16, 2012 9:43am Aug 16, 2012 9:43am
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
- #47,973
- Aug 16, 2012 9:56am Aug 16, 2012 9:56am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #47,974
- Aug 16, 2012 10:03am Aug 16, 2012 10:03am
Not sure fundies wise swissy but I did notice EA putting in a double/triple/quad bottom thing that looked awfully like a turning point on the higher time frames, but who knows with the fundies.
As for EU/USD I've only seen bullish technicals for the last... almost a month I guess - lots of bull flags, strong momentum north, trickling back south except for during verbal diarrhea time, so I've mostly been chasing long entries however bad entry placement has kept me out
Feels like we are rallying towards something, Jackson hole maybe? All indices and gold look to be around decision points for me. I thought this week might see the end of bullish, but it keeps on keeping on so I will remain bullish.
As for EU/USD I've only seen bullish technicals for the last... almost a month I guess - lots of bull flags, strong momentum north, trickling back south except for during verbal diarrhea time, so I've mostly been chasing long entries however bad entry placement has kept me out
Feels like we are rallying towards something, Jackson hole maybe? All indices and gold look to be around decision points for me. I thought this week might see the end of bullish, but it keeps on keeping on so I will remain bullish.
"Don't Panic..."
- #47,975
- Aug 16, 2012 10:09am Aug 16, 2012 10:09am
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
- #47,976
- Aug 16, 2012 10:10am Aug 16, 2012 10:10am
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
Not sure fundies wise swissy but I did notice EA putting in a double/triple/quad bottom thing that looked awfully like a turning point on the higher time frames, but who knows with the fundies.
As for EU/USD I've only seen bullish technicals for the last... almost a month I guess - lots of bull flags, strong momentum north, trickling back south except for during verbal diarrhea time, so I've mostly been chasing long entries however bad entry placement has kept me out
Feels like we are rallying towards something, Jackson hole maybe?...
- #47,977
- Aug 16, 2012 10:14am Aug 16, 2012 10:14am
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
- #47,978
- Aug 16, 2012 10:21am Aug 16, 2012 10:21am
- | Joined Nov 2011 | Status: Trader | 2,104 Posts
I observe your reality but live my own.
- #47,979
- Aug 16, 2012 10:28am Aug 16, 2012 10:28am
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
Repeat after me; "Nein! Nein!"
She needs be more like Sgt Schultz. I cee notting. I no notting........
Inserted Video
- #47,980
- Aug 16, 2012 10:46am Aug 16, 2012 10:46am
- Joined Nov 2008 | Status: Trader | 3,270 Posts
Not sure fundies wise swissy but I did notice EA putting in a double/triple/quad bottom thing that looked awfully like a turning point on the higher time frames, but who knows with the fundies.
As for EU/USD I've only seen bullish technicals for the last... almost a month I guess - lots of bull flags, strong momentum north, trickling back south except for during verbal diarrhea time, so I've mostly been chasing long entries however bad entry placement has kept me out
Feels like we are rallying towards something, Jackson hole maybe?...
But isn't the Euro drama going to end in tears? Yes, most likely.
Isn't the world economy heading for a slump, including China (relatively speaking)? Available evidence point in that direction.
So why this buying? A lot of big macro players, betting in line with these macro observations, are fearing that the central banks of the world are going to get together and play the liquidilty card to avert impending disaster. If the CBs do, that would do a lot of damage to people sitting on huge positions that may take weeks to unwind.
Thus all the short-covering. Will the CBs play that card? Most likely, it's just a question of when. Will they let Europe cause a global calamity before they do? Unlikely.
Can we bet on a huge short-covering rally? I wouldn't. Rather, I'd guess that the way to go for some weeks , or more, to come is day trading.