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  • #2,801
  • Jan 21, 2013 4:01am Jan 21, 2013 4:01am
Quoting halkins
Hi Crassiusn, Tomspin...
Actually I watch EURUSD, but if I will enter any trades today I will probably go into GBPUSD or AUDUSD.
I can see a bigger momentum on other pairs too.
If we have to go higher, I'd like to jump on GBPUSD...
I hope to see some action this afternoon, as I have some other plans for later on
Yep, watching H4 reaction around sup, daily close today will give more clues,

http://s7.postimage.org/xfewcmfrf/gbp.gif
upload photos
swing it!
  • #2,802
  • Jan 21, 2013 4:01am Jan 21, 2013 4:01am
Quoting tomspin

They need europe for import/export but they don't want to be ruled by unelected european dictatorship in Brussel.

I should hope NOT!
  • #2,803
  • Jan 21, 2013 4:04am Jan 21, 2013 4:04am
Quoting Crassius
I should hope NOT!
If they leave EU I don't even try to imagine what would it mean for the market and value of pound/euro against the dollar, It could be bigger then grexit.
swing it!
  • #2,804
  • Jan 21, 2013 4:09am Jan 21, 2013 4:09am
Quoting tomspin
If they leave EU I don't even try to imagine what would it mean for the market and value of pound/euro against the dollar, It could be bigger then grexit.

I dont know... we'll see... They have never been part of the Euro and they don't need to belong to the EU to trade with Europe... if they have anything left to trade after selling everything to the Germans.. Rolls Royce,etc...
  • #2,805
  • Jan 21, 2013 4:38am Jan 21, 2013 4:38am
Quoting Crassius
Just took half of my tiny sized position off at BE.... sticking with a very very small size .
I'm outta this near BE -1 pip... I dont have the patience to trade it... I do better trading less markets.... need to stick to that...
  • #2,806
  • Jan 21, 2013 5:01am Jan 21, 2013 5:01am
Quoting Crassius
I'm outta this near BE -1 pip... I dont have the patience to trade it... I do better trading less markets.... need to stick to that...
Heh,,, I like what one forex guy once told me;
Have you seen a lion chasing 2 zebras, a gazelle and antelope at the same time?
No. The same is with forex. It’s like hunting.
You need to pick a pray and wait until it comes to you close enough to grab it.

So, how’s your hunting today?
I am still waiting in the bush…heheheh.
Read Charts - Not Papers
  • #2,807
  • Jan 21, 2013 5:13am Jan 21, 2013 5:13am
Quoting halkins
Heh,,, I like what one forex guy once told me;
Have you seen a lion chasing 2 zebras, a gazelle and antelope at the same time?
No. The same is with forex. It’s like hunting.
You need to pick a pray and wait until it comes to you close enough to grab it.

So, how’s your hunting today?
I am still waiting in the bush…heheheh.
For my first 2 years I only traded EURUSD... nothing else... it usuallt drives the market and I know that one like a long time lover... I am sure I learned more by not being distracted with many markets, but just milking one for all it would give... learning all its twists and turns....

At this point, I should only trade USDJPY and EURUSD... they are the least correlated and can be traded like independent markets... From time to time I see a setup on a slow boring day like this and jump on it.... then like today... I ask myself what am doing in this trade? I don't need to be in another trade just because there is a setup...
  • #2,808
  • Jan 21, 2013 5:19am Jan 21, 2013 5:19am
Quoting Crassius
For my first 2 years I only traded EURUSD... nothing else... it usuallt drives the market and I know that one like a long time lover... I am sure I learned more by not being distracted with many markets, but just milking one for all it would give... learning all its twists and turns....

At this point, I should only trade USDJPY and EURUSD... they are the least correlated and can be traded like independent markets... From time to time I see a setup on a slow boring day like this and jump on it.... then like today... I ask myself what am doing...
Oh, that's ok.
What I used to do as a beginner was opening 4, 5 trades on different pairs.
It was so distracting until I learnt how they are all correlated…
Read Charts - Not Papers
  • #2,809
  • Jan 21, 2013 5:24am Jan 21, 2013 5:24am
Here's a quick update from al_pari

Inserted Video
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  • #2,810
  • Jan 21, 2013 5:53am Jan 21, 2013 5:53am
Quoting halkins
Here's a quick update from al_pari

http://www.youtube.com/watch?v=3nWwAOLsIsg
thanks for posting that......here is another i thought worth a look

interesting thing from MS re Yen

Morgan Stanley limit buy order u/j at 86.50 stop 83 and target 95, thinks 2% inflation objective already priced in

http://www.forexlive.com/blog/2013/0...s-usdjpy-view/

 

  1. “Confusing messages from very top policy-makers are likely to discourage investors from the short JPY trade in the near term
  2. BoJ is likely to … setting a 2% inflation target at its upcoming meeting, this is almost completely priced in,”

    1. Nevertheless, MS believes that in the medium term, PM Abe’s broad-based support in the Lower House will likely enable him to appoint dovish candidates to Governor and Deputy Governor positions in coming months.

  3. MS also sees an unwinding of currency hedges on foreign investments, further outflow from Japanese money markets, and JPY selling from Toshin accounts.
  4. In line with view, MS has a limit order to buy USD/JPY at 86.50, with a protective stop at 83, and a target of 95

  • #2,811
  • Jan 21, 2013 6:02am Jan 21, 2013 6:02am
Quoting roro53

Morgan Stanley limit buy order u/j at 86.50 stop 83 and target 95, thinks 2% inflation objective already priced in

I saw that earlier too...

I think they are a little low and may miss the fill....

I have the bottom of my buy zone at 87.80.... looking to load up ahead of that..... for one more wave up...
  • #2,812
  • Jan 21, 2013 6:02am Jan 21, 2013 6:02am
Quoting roro53
thanks for posting that......here is another i thought worth a look

interesting thing from MS re Yen
Morgan Stanley limit buy order u/j at 86.50 stop 83 and target 95, thinks 2% inflation objective already priced in
Thnx
From the technical point, price can't go up in straight line forever...
Every healthy trend needs corections...
All YEN pairs could be a trap at some point.
I wouldn't play too big with YEN...
-
Read Charts - Not Papers
  • #2,813
  • Jan 21, 2013 7:02am Jan 21, 2013 7:02am
US markets closed today...
Can't stand it anymore.... I outta here
I am bored like this orange guy below...
See you tomorow guys.

Inserted Video
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  • #2,814
  • Jan 21, 2013 7:11am Jan 21, 2013 7:11am
Quoting halkins
US markets closed today...
Can't stand it anymore.... I outta here
I am bored like this orange guy below...
See you tomorow guys.

http://www.youtube.com/watch?v=Tl71pc1_tWE
not a bad call, Martin Luther King

this may interest you though......coming up on the date quickly. will this time be different?

i posted this back around sept 13, 2012 FOMC day and the selling soon ensued.....remember being short equity indexes and terrified the FED would blowtorch my positions with the QE (nothing quite like fear, you know)...this time around i may be more cautious shorting just because of the scope and duration of monthly flow.it is not just the 85 billion per mo but also the FED's earned interest from MBS which throws another 20 billion per on the top........big numbers and all of it run through the primary dealer banks

http://www.zerohedge.com/news/2013-0...and-january-22

http://www.zerohedge.com/sites/defau...20Market_0.jpg
  • #2,815
  • Jan 21, 2013 7:18am Jan 21, 2013 7:18am
tend to agree MS may be looking too low....had some nice trades on this pair over the past week both ways. hope for a few more.


Quoting Crassius
I saw that earlier too...

I think they are a little low and may miss the fill....

I have the bottom of my buy zone at 87.80.... looking to load up ahead of that..... for one more wave up...
  • #2,816
  • Jan 21, 2013 11:27am Jan 21, 2013 11:27am
Quoting Crassius
Short GPBUSD from 5875.. will add a break of 5855
Quoting Crassius
I'm outta this near BE -1 pip... I dont have the patience to trade it... I do better trading less markets.... need to stick to that...
Such a boring day... I do need to stick to EURUSD and USDJPY except during the most juicy setups... Coulda used these 70 pips or so today though....
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  • #2,817
  • Jan 21, 2013 12:47pm Jan 21, 2013 12:47pm
USDJPY update... Looks like we saw an expanded flat again for the B wave, which stalled near the .618 retrace, and former basing channel top...

Charts says the rest... I stand aside...
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  • #2,818
  • Jan 21, 2013 1:24pm Jan 21, 2013 1:24pm
Quoting Crassius
USDJPY update... Looks like we saw an expanded flat again for the B wave, which stalled near the .618 retrace, and former basing channel top...

Charts says the rest... I stand aside...
closed the balance at 60.......bird in the hand
  • #2,819
  • Jan 21, 2013 2:13pm Jan 21, 2013 2:13pm
Zeroing in on the relevant time....
Attached Image
  • #2,820
  • Jan 21, 2013 5:47pm Jan 21, 2013 5:47pm
the 'unexpected' out of BOJ would be a dud announcement..

maybe a hint from Amari to explain strategy at Davos next week?
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