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  • #1,761
  • Aug 19, 2012 9:20pm Aug 19, 2012 9:20pm
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If there was easy money lying around,no one would be forcing it into your
  • #1,762
  • Aug 20, 2012 1:37am Aug 20, 2012 1:37am
morning all,

I am still targeting 1.249x to 1.256x at the moment and it needs to stay above 1.224x for that.
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  • #1,763
  • Aug 20, 2012 1:50am Aug 20, 2012 1:50am
Placed a short @ 1.2350 with sell limit @ 1.2375

SL just above 1.2400

Regards
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  • #1,764
  • Aug 20, 2012 2:10am Aug 20, 2012 2:10am
Quoting MaxDoom
morning all,

I am still targeting 1.249x to 1.256x at the moment and it needs to stay above 1.224x for that.

I concur -- higher more likely with 1.2240 a line in the sand

I have some buy limits layered in around the 1.2300 figure, some more that probably wont be troubled around 1.2260 area.

I have put in a small 1/4 sized position sell order just below 1.2400 in case we get turned back on low volatility.... but the size indicates my trepidation. Stop 1.2405

Just above 1.2400 at 1.2405 I have a full sized buy order... I think if that gets tripped we at least test 1.2440.

If the buy orders above 1.2400 are tripped, I'll take half the profit at 1.2440, and look to add 1.2455.... 1.2500 will be very strong resistance.
  • #1,765
  • Aug 20, 2012 2:26am Aug 20, 2012 2:26am
Quoting Crassius
I concur -- higher more likely with 1.2240 a line in the sand

I have some buy limits layered in around the 1.2300 figure, some more that probably wont be troubled around 1.2260 area.

I have put in a small 1/4 sized position sell order just below 1.2400 in case we get turned back on low volatility.... but the size indicates my trepidation. Stop 1.2405

Just above 1.2400 at 1.2405 I have a full sized buy order... I think if that gets tripped we at least test 1.2440.

If the buy orders above 1.2400 are tripped, I'll take half the profit...


I have a small position @ 1.2352 will add above 1.2375 and again above 1.2400

good trades to you
  • #1,766
  • Aug 20, 2012 2:39am Aug 20, 2012 2:39am
Quoting Crassius
I have put in a small 1/4 sized position sell order just below 1.2400 in case we get turned back on low volatility.... but the size indicates my trepidation. Stop 1.2405

I have canceled my sell limits... even though they are small in size, I just don't like the risk/reward ratio they offer... maybe I'll miss an entry here... but that would be OK, can't and shouldn't try for every single possible entry, there are plenty offered every day

... I think I'll stick with buying much lower, or buying a break of 1.2400....

For now at least.. subject to change of course at any time given unfolding events.

Looking at other markets there is no denying everyone is buying on recent Spanish Bailout/Merkel support of same. No sense shorting into all that sentiment... misplaced or not. At the same time I am not thrilled at buying at current levels... trades 1.2354.
  • #1,767
  • Aug 20, 2012 3:03am Aug 20, 2012 3:03am
Quoting MaxDoom


I have a small position @ 1.2352 will add above 1.2375 and again above 1.2400

good trades to you

increased my position above 1.2350
  • #1,768
  • Aug 20, 2012 4:44am Aug 20, 2012 4:44am
pressure on the back of German denials of the Spiegel article regarding unlimited bond buys
  • #1,769
  • Aug 20, 2012 4:54am Aug 20, 2012 4:54am
Quoting Crassius
pressure on the back of German denials of the Spiegel article regarding unlimited bond buys
Its not possible to push the Euro down in the face of equities on both continents that are threatening a breakout to new multi-year highs...

The Euro briefly dipped lower on the German Fin Min comments, but equities continued higher. Equities are in the driver's seat and show determination to breakout.
  • #1,770
  • Aug 20, 2012 5:03am Aug 20, 2012 5:03am
Quoting Crassius

I have some buy limits layered in around the 1.2300 figure, some more that probably wont be troubled around 1.2260 area.
I have moved my buy limits up a bit.

small Long at 1.2325

More adds lower layered back to the 1.2300 figure starting 1.2315
  • #1,771
  • Aug 20, 2012 6:17am Aug 20, 2012 6:17am
Bond yield targets denied by ECB
  • #1,772
  • Aug 20, 2012 6:17am Aug 20, 2012 6:17am
Quoting TauTrader
Placed a short @ 1.2350 with sell limit @ 1.2375

SL just above 1.2400

Regards
Cancelled sell limit @ .75 and locked @ 1.2340

Regards
  • #1,773
  • Aug 20, 2012 6:25am Aug 20, 2012 6:25am
not getting it...

GU is supposed to drop from the current 1.5690-1.5700 level..

Short since last week with no movement..

A few pips here and there. It's gotta happen sometime.

Regards
  • #1,774
  • Aug 20, 2012 6:40am Aug 20, 2012 6:40am
Quoting TauTrader
Cancelled sell limit @ .75 and locked @ 1.2340

Regards
Locked @ 1.2325. Would like to start building long on EU - but can not until GU has played out...
  • #1,775
  • Aug 20, 2012 6:53am Aug 20, 2012 6:53am
Quoting TauTrader
Locked @ 1.2325. Would like to start building long on EU - but can not until GU has played out...
Closed my EU short @ 1.2305. Going back to GU to focus there. Got to sort this trade out first.

All the best

Regards
  • #1,776
  • Aug 20, 2012 7:00am Aug 20, 2012 7:00am
Quoting TauTrader
Closed my EU short @ 1.2305. Going back to GU to focus there. Got to sort this trade out first.

All the best

Regards

That was likely a good decision Mr. Tau. There is lots of support for EU at various levels below 1.2300... even if we go lower, there isn't much room to run without bumping into yet another support area. You captured a nice pip haul on that trade.. No need to bat for the fences.

Mr. Tau is A WINNER !!!
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  • #1,777
  • Aug 20, 2012 7:10am Aug 20, 2012 7:10am
Quoting Crassius
That was likely a good decision Mr. Tau. There is lots of support for EU at various levels below 1.2300... even if we go lower, there isn't much room to run without bumping into yet another support area. You captured a nice pip haul on that trade.. No need to bat for the fences.

Mr. Tau is A WINNER !!!
Good day to you, sir

That is nice of you. I feel embarrased.

You are very right. Your posts reflect a very deep understanding of the markets... I wish to be there - one day.

BUT - GU is soo ready to go to 1.5660.. or even 1.5630 - and this is why I will refrain from EU longs for now. UNLESS - correlation is out the window ( which is - at times - probable)

The Renko bars on GU are just sitting there - going nowhere. Indicators show DOWN. So - gotta wish for that...

All the best to you, Crassius

Regards
  • #1,778
  • Aug 20, 2012 7:25am Aug 20, 2012 7:25am
Seldom have I seen a 59 pip range hold for like 48hrs on GU - this is insane.

Anyway.. holding short and wishing for 1.5660 as a target. Will add short
@ 1.5725 and 1.5650

Regards
  • #1,779
  • Aug 20, 2012 7:32am Aug 20, 2012 7:32am
Quoting TauTrader
Good day to you, sir


BUT - GU is soo ready to go to 1.5660.. or even 1.5630 - and this is why I will refrain from EU longs for now. UNLESS - correlation is out the window ( which is - at times - probable)

The Renko bars on GU are just sitting there - going nowhere. Indicators show DOWN. So - gotta wish for that...

All the best to you, Crassius

Regards
EU could run all the way down to major support area at 1.2270 - 50... maybe that will give room for your GU trade.

There were a lot of orders sitting 2310 to 2300... where I bought as well... but we can afford to hold down another leg to 2270 -50... dont want to though.... will all depend on S&P at this time of day.
  • #1,780
  • Aug 20, 2012 7:35am Aug 20, 2012 7:35am
Quoting TauTrader
Seldom have I seen a 59 pip range hold for like 48hrs on GU - this is insane.

Anyway.. holding short and wishing for 1.5660 as a target. Will add short
@ 1.5725 and 1.5650

Regards

You realize that implied vols... derived from options predict the lowest range in EU and GU in 5 yrs this week?

We will experience very narrow ranges the option players have predicted...
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