122.40
- #776,461
- Mar 22, 2013 5:51am Mar 22, 2013 5:51am
- | Membership Revoked | Joined Aug 2012 | 8,502 Posts
- #776,462
- Mar 22, 2013 5:51am Mar 22, 2013 5:51am
- | Membership Revoked | Joined Mar 2009 | 16,693 Posts
LOL, is that Attila's Plunger you have there??
- #776,463
- Mar 22, 2013 5:52am Mar 22, 2013 5:52am
- | Joined Oct 2011 | Status: In your head, eating your brain | 2,562 Posts
- #776,465
- Mar 22, 2013 5:55am Mar 22, 2013 5:55am
Do we think the spike would be up or down? I would expect up
So I suspect that no matter what the news we will get a lift and depending how solid it is we will then get either a pullback or a reverse below current levels.
After it happens there will be a nice shorting opportunity indeed
"Luxury is one of the basic needs", (c), Don Corleone
- #776,466
- Mar 22, 2013 5:56am Mar 22, 2013 5:56am
- | Membership Revoked | Joined Aug 2012 | 8,502 Posts
- #776,468
- Mar 22, 2013 5:57am Mar 22, 2013 5:57am
- | Membership Revoked | Joined Aug 2012 | 8,502 Posts
I have closed some. The rest are free trade.
- #776,469
- Mar 22, 2013 5:59am Mar 22, 2013 5:59am
- | Commercial User | Joined Feb 2010 | 13,260 Posts
Jives well with - (you probably guessed what I am about to say next) - closing of the gap from the previous Sunday
maybe I should make a gap movie
seriously, though if the gap price now gets crossed it is more likely....
that it has been closed on the back of the cyprus stuff and other news
than
the cyprus stuff / news got a ride on the back of those targetting the gap
- #776,472
- Mar 22, 2013 6:03am Mar 22, 2013 6:03am
The fact that it has failed to make a lower number so far this week suggests position building.
I could be completely wrong of course but with only one trade open I have time to speculate
1. The 'natural' direction for EU right now is up despite relatively positive US economic data, if nothing else because ECB is somewhat prevented to take any comparable QE action;
2. The Cyprus issue has probably been priced in the 13700 --> 12900 slide.
...but then again: I might be completely wrong. As somebody else said: "Don't follow me: I'm already lost"
Enter Signature
- #776,474
- Mar 22, 2013 6:05am Mar 22, 2013 6:05am
- | Joined Oct 2011 | Status: In your head, eating your brain | 2,562 Posts
Long EJ @122.34, SL already almost at BE (122.33). As for TP, who knows, I'm using Ichimoku to calculate my trailing stops and I'm not a fortune teller 
EDIT: SL now at 122.50.
EDIT: SL now at 122.50.
- #776,477
- Mar 22, 2013 6:08am Mar 22, 2013 6:08am
- | Membership Revoked | Joined Aug 2012 | 8,502 Posts
you still long EJ? 1.2278 to watch
- #776,478
- Mar 22, 2013 6:08am Mar 22, 2013 6:08am
Long EJ @122.34, SL already almost at BE (122.33). As for TP, who knows, I'm using Ichimoku to calculate my trailing stops and I'm not a fortune teller
Of course, EUR/JPY is known to move from S1 to R1 respecting the levels to the pip, but I will be happy enough catching 90 pips towards daily PP
EUR/GBP just touched daily PP - I am now out of my long there
"Luxury is one of the basic needs", (c), Don Corleone
- #776,479
- Mar 22, 2013 6:13am Mar 22, 2013 6:13am
- Joined Feb 2012 | Status: On a Pip Diet | 1,806 Posts
To live a successful life, we must lose our fear of being wrong
- #776,480
- Mar 22, 2013 6:14am Mar 22, 2013 6:14am
- Joined Nov 2012 | Status: Trader | 1,449 Posts
relationship EMA between e-u e-j u-j. potential bounce and breakout levels.
