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EURUSD

  • #748,901
  • Jan 22, 2013 2:31pm Jan 22, 2013 2:31pm
The daily looks awful , this one will either surge or plunge - it will be tough, fast and painful ...
"It's the Margin, Stupid."
  • #748,902
  • Jan 22, 2013 2:35pm Jan 22, 2013 2:35pm
Quoting attila
m15 couldn't close below 12.. so it's still valid support.. allright sleep now.
See you
  • #748,903
  • Jan 22, 2013 2:37pm Jan 22, 2013 2:37pm
Oanda's trade recommendations for swing position on EURUSD has been hit 6 times in a row ... and they still advocate the 7th one !
"It's the Margin, Stupid."
  • #748,904
  • Jan 22, 2013 2:42pm Jan 22, 2013 2:42pm
oh yeah, what a perfect undecision...
but no close under 1.33 .. so i still think bullish


Quoting Vachus
The daily looks awful , this one will either surge or plunge - it will be tough, fast and painful ...
failure is not an option.
  • #748,905
  • Jan 22, 2013 2:48pm Jan 22, 2013 2:48pm
Quoting rudimente
oh yeah, what a perfect undecision...
but no close under 1.33 .. so i still think bullish
Usually when price hang around the number 200 , Plunge is the one favored - but not all the times ... The daily however is favouring the bears - not the Bulls , Weekly bears own it ! so i'm betting on the plunge ...
"It's the Margin, Stupid."
  • #748,906
  • Jan 22, 2013 2:55pm Jan 22, 2013 2:55pm
Quoting Vachus
Usually when price hang around the number 200 , Plunge is the one favored - but not all the times ... The daily however is favouring the bears - not the Bulls , Weekly bears own it ! so i'm betting on the plunge ...
It's been a series of lower daily highs all while eating up the same supply level. It has to give out at some point.
  • #748,907
  • Jan 22, 2013 3:01pm Jan 22, 2013 3:01pm
Quoting Kanzler
It's been a series of lower daily highs all while eating up the same supply level. It has to give out at some point.
I think the SNB were buying the 1.33 , they are amazing in buying tops ... It wouldn't surprise me when the reserve report comes out to see increased position of EUROS ! They usually buy in a week range or ten days. So , if i was correct they will let go either by tomorrow closing or after four days from now .. What is really ridiculious to me , is how much bullish news on Euro are out there , and everyone is in buying mode - and little rummor almost crashed the price ! ( Makes you wonder if this Zew number came in negative what would have happened )

* If Cameron tomorrow deliver the speech Pound bears are expecting him to do , the Euro will be in " Crash landing mode ". Let's wait and see !
"It's the Margin, Stupid."
  • #748,908
  • Jan 22, 2013 3:02pm Jan 22, 2013 3:02pm
Is anyone watching GBPUSD? 1.5822 should be a strong support...if it holds, 6080 should be in sight
  • #748,909
  • Jan 22, 2013 3:07pm Jan 22, 2013 3:07pm
Quoting FineNumbers
Is anyone watching GBPUSD? 1.5822 should be a strong support...if it holds, 6080 should be in sight
It is , but tomorrow is a game changer for the Pound - we are about to welcome UK to club of monetary easing ...
"It's the Margin, Stupid."
  • #748,910
  • Jan 22, 2013 3:09pm Jan 22, 2013 3:09pm
Quoting attila
this bounce (so far) is coming from Friday NY low.. It should go back up to today NY high at least..3321.. I'm kind of eyeing 3371 but not sure about it atm..
I am now short @ 1.3308... Will ride it as long as I can. Tell Doom Man not to test my patience. I am very rich.
  • #748,911
  • Jan 22, 2013 3:09pm Jan 22, 2013 3:09pm
Quoting Vachus
It is , but tomorrow is a game changer for the Pound - we are about to welcome UK to club of monetary easing ...
It is such a good level for a long
  • #748,912
  • Jan 22, 2013 3:13pm Jan 22, 2013 3:13pm
Quoting FineNumbers
It is such a good level for a long
Yes It is , if its a normal situation. But if your longs are going to survive , it needs Cameron to drop the whole referenda thing on Euro zone membership and King, the President of BOE to stop talking about weaking the pound ! So, i would consider it a counter trade till it proves otherwise
"It's the Margin, Stupid."
  • #748,913
  • Jan 22, 2013 3:16pm Jan 22, 2013 3:16pm
Quoting Vachus
Yes It is , if its a normal situation. But if your longs are going to survive , it needs Cameron to drop the whole referenda thing on Euro zone membership and King, the President of BOE to stop talking about weaking the pound ! So, i would consider it a counter trade till it proves otherwise
Maybe it is all priced in. It has been dropping since Jan 1.
  • #748,914
  • Jan 22, 2013 3:22pm Jan 22, 2013 3:22pm
Quoting FineNumbers
Maybe it is all priced in. It has been dropping since Jan 1.
I don't see your level as being all that strong to begin with. The last time it reversed it wasn't a very strong turn in my opinion.
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  • #748,915
  • Jan 22, 2013 3:23pm Jan 22, 2013 3:23pm
Quoting FineNumbers
Maybe it is all priced in. It has been dropping since Jan 1.
The Referrenda maybe, but the Bank policy is not something can be priced in - its a trend ... But if i was going to consider the trade, i would go with low position and small SL !
"It's the Margin, Stupid."
  • #748,916
  • Jan 22, 2013 3:26pm Jan 22, 2013 3:26pm
Quoting Kanzler
I don't see your level as being all that strong to begin with. The last time it reversed it wasn't a very strong turn in my opinion.
It was only 500 pips
  • #748,917
  • Jan 22, 2013 3:26pm Jan 22, 2013 3:26pm
Quoting Vachus
The Referrenda maybe, but the Bank policy is not something can be priced in - its a trend ... But if i was going to consider the trade, i would go with low position and small SL !
I think thats what I ll do. I ll risk only 0.5% of my account.
  • #748,918
  • Jan 22, 2013 3:29pm Jan 22, 2013 3:29pm
Quoting FineNumbers
It was only 500 pips
You don't have to be snarky, and that's not what I meant. Look at the first turn. Long wick, strong rejection. Second turn - much weaker rejection. This time it's not looking very good either and I wouldn't bet on it holding. Look at the strong downward pressure on the last two bars.
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  • #748,919
  • Jan 22, 2013 3:33pm Jan 22, 2013 3:33pm
Quoting Kanzler
You don't have to be snarky, and that's not what I meant. Look at the first turn. Long wick, strong rejection. Second turn - much weaker rejection. This time it's not looking very good either and I wouldn't bet on it holding. Look at the strong downward pressure on the last two bars.
I m just kidding man
  • #748,920
  • Jan 22, 2013 3:39pm Jan 22, 2013 3:39pm
This is ghey! I missed the upmove. TILT TILT TILT. Unless sellers pick up we will see 3272. Oh man...Edit: thankfully this came in the evening so i can sleep on it.
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