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  • #726,561
  • Dec 3, 2012 9:36am Dec 3, 2012 9:36am
Quoting 1candlepower
heyyyy! what's goin on here? really, really BAD, risk-off ISM data and .eu -- not goin down

long upper wicks on m5 a few minutes ago...

i am soooo confused!
better stay out if you're confused
im still hanging in long from 36.SL at BE
  • #726,562
  • Dec 3, 2012 9:39am Dec 3, 2012 9:39am
Quoting shmandi
better stay out if you're confused
im still hanging in long from 36.SL at BE

ha! i think you're right. i should have either have stayed out or gone long instead from 42

nice play for you
  • #726,563
  • Dec 3, 2012 9:41am Dec 3, 2012 9:41am
Quoting 1candlepower
heyyyy! what's goin on here? really, really BAD, risk-off ISM data and .eu -- not goin down

long upper wicks on m5 a few minutes ago...

i am soooo confused!
Bad US data means even more QE. Printing dollars makes Euro go up.
  • #726,564
  • Dec 3, 2012 9:47am Dec 3, 2012 9:47am
Quoting yelena
But your construction is almost 3x better than forecasted = stalemate.
If ISM went 1 point below July, perhaps, there is some 50 pippers.

LONG @ EJ, should have place a long in EU, but wasn't a great set up. Will exit at EJ R1 or once EU reaches R3

hmmm... .eu passed R2 bout 5 minutes ago. i don't keep R3 on my charts... what is today's value for R3? (somewhere near the sky i would suppose! )

...oh yeah, this thing is goin to the moon
  • #726,565
  • Dec 3, 2012 9:48am Dec 3, 2012 9:48am
Quoting publicjud
Bad US data means even more QE. Printing dollars makes Euro go up.
Yep, this is what happens when you commit to open ended QE. Hard to see how the Fed will dig itself out of this hole, Bernanke loves burning the dollar

http://cdn2-b.examiner.com/sites/def...burning_22.jpg
  • #726,566
  • Dec 3, 2012 9:50am Dec 3, 2012 9:50am
hi there...

i took +30pips when it hit 3075 3hrs ago. i went long again at 3040, a bounce off the 89sma on 5min chart. tp 3085 sl 3031.
  • #726,567
  • Dec 3, 2012 9:51am Dec 3, 2012 9:51am
Quoting 21vs7
ec s 71
add 90

sl 09
  • #726,568
  • Dec 3, 2012 9:54am Dec 3, 2012 9:54am
Quoting shmandi
long after test of TL. i entered little late
closed half at +30, will leave the rest with TP at 85, SL 43. dont have time to babysit this one anymore
  • #726,569
  • Dec 3, 2012 10:00am Dec 3, 2012 10:00am
Anybody joining the last campaign of shorts @ 1.3080s...???
  • #726,570
  • Dec 3, 2012 10:00am Dec 3, 2012 10:00am
Quoting publicjud
Bad US data means even more QE. Printing dollars makes Euro go up.

No, look at the S&P, clearly risk of based on the ISM data, you are focusing on the wrong news when it comes to the euro here this afternoon.
The great majority are rarely capable of thinking independently.
  • #726,571
  • Dec 3, 2012 10:01am Dec 3, 2012 10:01am
Quoting yelena
A bounce on R2= resistance becomes support. Should have been a great set-up, dang, missed it myself!

R3=3078. There's no clustering so the resistance is weak. Relying on fundi rally only.

what's happening today is extremely strange: 1) .uc normally runs inverse to .eu, but today .eu is running in the SAME direction as .uc with a vengeance 2) if the market were indeed finding a silver lining in the outwardly bad ISM data, the S&P should be rallying, but it's gone into the toilet and crude has also turned down.

strange. very strange.

ya know, in fact the way .eu is doing one of it's beeline things, it looks like someone has some specific business to do upstairs.

is there some M+A activity today? anyone?
  • #726,572
  • Dec 3, 2012 10:02am Dec 3, 2012 10:02am
Quoting math_GB
Anybody joining the last campaign of shorts @ 1.3080s...???

No, not going to short a M1 red bar here.
The great majority are rarely capable of thinking independently.
  • #726,573
  • Dec 3, 2012 10:02am Dec 3, 2012 10:02am
lol... Its amazing how the correlation has changed to inversely proportional vis-a-vis the the markets and euro. Re-initiating the short position @ 1.3070 stop loss @ 1.3190 target open for now.
  • #726,574
  • Dec 3, 2012 10:04am Dec 3, 2012 10:04am
That maybe is a concern to me now... Holding a little have to control my patience... again...!
  • #726,575
  • Dec 3, 2012 10:05am Dec 3, 2012 10:05am
don't think any new high is possible for the day. a bit of consolidation and tokyo takes it higher. but not now
  • #726,576
  • Dec 3, 2012 10:09am Dec 3, 2012 10:09am
Quoting B_Prasad
lol... Its amazing how the correlation has changed to inversely proportional vis-a-vis the the markets and euro. Re-initiating the short position @ 1.3070 stop loss @ 1.3190 target open for now.

Have a look at the bondmarkets, that's where the correlation is, forget about US news today, it is once again all about Europe. Don't look at Greece, that is just frontrunning in anticiapation of the Germans agreeing to the restructuring, look at Spain and Portugal today.
The great majority are rarely capable of thinking independently.
  • #726,577
  • Dec 3, 2012 10:09am Dec 3, 2012 10:09am
Hope all my fellow longers were able to catch this ride up got in at .40 TP got hit at 70.. Still standing by my 1.3155 number for the week! Maybe the japs can get us there tonight. I'm done for now before NY takes my profits hahah.
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  • #726,578
  • Dec 3, 2012 10:11am Dec 3, 2012 10:11am
Kiwi, are you here...??? Still same view mate...?
  • #726,579
  • Dec 3, 2012 10:12am Dec 3, 2012 10:12am
Quoting B_Prasad
lol... Its amazing how the correlation has changed to inversely proportional vis-a-vis the the markets and euro. Re-initiating the short position @ 1.3070 stop loss @ 1.3190 target open for now.
what do you think will keep .eu from rising that would cause you to go short today?

it may fall (sometime), but why go short today?
  • #726,580
  • Dec 3, 2012 10:18am Dec 3, 2012 10:18am
Well, me to, I've still been buying dips all along. Bought at 39, 42, and 48.


Quoting BobGnarly
Hope all my fellow longers were able to catch this ride up got in at .40 TP got hit at 70.. Still standing by my 1.3155 number for the week! Maybe the japs can get us there tonight. I'm done for now before NY takes my profits hahah.
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