Euro/Dollar

I agree with him ! My GBPUSD stop below 5700 is safe.... Famous Last Words !

USDCHF in perfect spot to short....

9275 stop if you took that.... EURCHF is revaluing after the Imposed 120.00 floor.. above 9275 invalidates pattern I'm trading.... because I'm undersized in EURUSD having taken partial profits already

Order to add triggered...

Conservative types can raise stop to 5741.... Super safe (IMHO) below 5700... so I'm keeping mine there for now...

Just booked USDJPY at 91.00 + 71 pips.... Stop is too close to hold over the weekend if I moved it to Break even.... not worth squeezing the last 30 pips out of it... may very well not get there in few active hours left to trade this week...

EURJPY longs remaining half stop moved to entry price locks in 100 pip profit already booked on first half.... prepared to hold over weekend, and expect to hit the target early Asia Sunday if not hit today.

9285 is even better... 9275 swing is very small scale to stop against... expect buffeting from EURJPY (EDIT: EURCHF not JPY) as USDCHF has been acting off lately caused by EURCHF turbulence...

USDCHF minimal target.... 9210...

It is an interior move to a larger one with much more downside.... I''m not going to give the pay by play on this one... so here's enough to get you started... Book profit there then reload 9250 for next move down... much more down...

Swiss National Bank's Jordan is on the wires talking down the CHF in thin after European hours trade......

EURCHF up 30 pips after comments from SNB's Jordan..... not at all what out USDCHF trade needs right now....

EURCHF making a run at 1.2500... if it cracks I'll be stopped out of USDCHF at 9285......

Cutting USDCHF short here at 9268 - 14 pips

Just closed

the ramaining EURUSD at 3468 + 115 Pips

The remaining EURJPY @ 122.68 + 176 Pips..

Cleaning up for the weekend.... Expect EURUSD to pull back a bit before higher.... just missed by standing Take Profit order at 3480 by 1 f'ing pip...

something I have noticed before current trend started, now seems like same balance between traders could be sign of toping this rally, we'll see...

http://s1.postimage.org/tvlaadhzj/cot_top.gif
free photo hosting

In both cases look at the total number which is combo of comercial and non comercial traders

Y(ou know you are getting close to a top when the non-financial press starts printing headlines like this....

New York Times

As Worries Ebb, Small Investors Propel Markets

By NATHANIEL POPPER

Published: January 25, 2013

The sheep all run in at the top....

That is what I understand as distibution, hate all those fancy words but it could started, time will tell...
nice read btw

Hello all,
this is my first post in FF. I am a junior member but have experience in trading and I specialize in the Euro FX currency futures.

I'd love to share my views and analysis on the Euro and I would like to hear your comments and views, if this is the right place to do it.

I wish you a great weekend and will post my first analysis soon.

Cheers
G.

welcome to our thread, be aware that I don't want any selling or promotion in this place, I believe in free education, looking forward to your posts.
regards
Tom

Hello Tom,
thanks for greeting me. I am an analyst and trader of the Euro FX futures and have nothing to sell. I also believe in free education and all my work is freely available. My objective is to share my point of view and discuss with others.

In the next post I will provide my view on the EUR/USD.

Thank you
Have a great weekend

Hello all,
this is what I see in the Euro-Dollar.
I think long-term shorts failed last September and after a retracement lower (which we got into the 1.2680 area, on the continuous contract aligned to March13 expiration) the move would have continued higher (right, easy to say ex-post... ;-)

Last week I have entered longs @ 1.3332 and exited part of it @ 1.3470.

I am now waiting for a retracement into the 1.3442 (previous highs) or 1.3400 to add again. I think a deeper retracement could bring price into the 1.3300 area, but do not anticipate lower, at this stage.

I am bullish for the Euro (see above) and I think we could easily see 1.3670-1.3720 area before we see a larger retracement, maybe into 1.3460-70 area for a continuation higher. My last stop in this leg higher is between 1.3850 (and not below it) to 1.3950.

All prices I have indicated refer to the Euro FX currency futures.

Let me know what are your thoughts.

Have a great weekend.

I have a mixed feelings right now. In theory there is nothing bearish about the euro at the moment, in fact due to LTRO realise about repayment things seems to be stabilised in eurozone, yes we all know it's bollocks but current sentiment between traders seems to be more optymistic than before. These are not levels for major sell out in my opinion, I would bet on more sideways action than going south, we also have BOJ - now does anybody analyse last comment about "Yen at 100 would be fine"??? this is serious sh#t, this mean that this is their nearest target and they won't stop untill is reached. This is another kicker for euro. Also I've seen many comments next door about the fact that dear price of euro is bad for EZ exportwise. Well I have read few good articules lately and what was suggested by people smarter than me that Draghi's speech about doing everything and it will be enough was simply a clear signal to the market that europe is ok and it is worth it to bet on the recovery - this ladies & gents is most likely the reason why we just made bullish rally from 1,20 ish to 1,35, no????
however, I am worried about last COT report which I posted few posts up, technically this rally is also exhausted, that is why I believe we will see more sideways action towards 38's 40's area before any major sell out,
I am useless explaining the way I see situation unfold but long story short, I am still bullish about euro dollar
Things will be much more interested from this week I guess.
Trade safe and stay green
Refards
Tom