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  • #778,221
  • Mar 26, 2013 7:23am Mar 26, 2013 7:23am
Quoting sh5467
Hey Max, are we on for 2pm?
yes chap, no worries I will see you then.
  • #778,222
  • Mar 26, 2013 7:26am Mar 26, 2013 7:26am
Quoting MaxDoom
yes chap, no worries I will see you then.
I will put the coffee on.:nerd:
  • #778,223
  • Mar 26, 2013 7:30am Mar 26, 2013 7:30am
Quoting MaxDoom
It's not really about cyprus it is still about the banking sector and how fit for purpose the EU/ECB is at resolving the issues, cyprus is in the crapper because of two banks mainly which highlights that what the EU has done so far is not good enough and confidence after all this time that they can resolve the problems starts to ebb away.

There has also been significant downside data and cyprus is just the straw that goes with the proverbial camel.

Edit: even then, to put another perspective @ 1.28 the EU is still not cheap and it can easily...
Yeh, the ineptness of the Cyprus crisis handling has increased the jitters regarding the periphery countries. In Spain or Italy go into crisis mode then there will be a great deal of worry as to how Europe will respond, not sure anybody has confidence that they could handle a worsening of conditions in Spain or Italy.

As you showed the other day, the monthly has room for the downside and the economic data isn't great

Still get nervous shorting the euro (although yesterday was good), current PA shows why
  • #778,224
  • Mar 26, 2013 7:31am Mar 26, 2013 7:31am
Durable Goods Orders m/m 5.7% vs. 3.9% expected, -4.9% prior
Trade smaller than rational because the market is irrational...
  • #778,225
  • Mar 26, 2013 7:31am Mar 26, 2013 7:31am
Can ej break the daily pivot this time? I'm going for 12,190.
  • #778,226
  • Mar 26, 2013 7:34am Mar 26, 2013 7:34am
Short again E/J, U/J & E/U

Attached Image

  • #778,227
  • Mar 26, 2013 7:35am Mar 26, 2013 7:35am
Hopefully the spike it short lived, close to getting stopped after being in a good position. Will call it quits for the day if I get stopped at 80, don't understand the spike so best staying out.
  • #778,228
  • Mar 26, 2013 7:35am Mar 26, 2013 7:35am
new short ej 121.35
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 16 KB
  • #778,229
  • Mar 26, 2013 7:36am Mar 26, 2013 7:36am
Quoting bennyblanco
Still get nervous shorting the euro (although yesterday was good), current PA shows why
context, context, context. Pull up a monthly chart, you see there is plenty of room for this to move down to the bottom of the range. Pull a daily chart, we are in freefall downwards. Pull up a H4 chart you will see that we are at the bottom of a descending channel (range thingy). Everything in context, on the monthly chart we are going down but H4 suggest we may have a pullback 1st, alternatively we could have a sharp break, bias is down due to the higher TF charts. If you plan your risk and targets prior it may help to remove the nerves of entering, also size down if you feel nerves as being nervous can make it harder to become objective.
  • #778,230
  • Mar 26, 2013 7:36am Mar 26, 2013 7:36am
Quoting EuroTraderJD
Durable Goods Orders m/m 5.7% vs. 3.9% expected, -4.9% prior
market confused as Core Durable Goods Orders m/m ( -0.5%exp 0.7%pre 2.3% ) which is most important
Mohan
  • #778,231
  • Mar 26, 2013 7:37am Mar 26, 2013 7:37am
Quoting MaxDoom
new short ej 121.35
15 M bolinger has been working like clock work today
  • #778,232
  • Mar 26, 2013 7:37am Mar 26, 2013 7:37am
Quoting EuroTraderJD
Durable Goods Orders m/m 5.7% vs. 3.9% expected, -4.9% prior
you need the whole picture to make decisions

US DATA: Feb durables orders +5.7% (better than expected) but -0.5% ex
transport (breaks a string of 5 gains) and +4.5% ex defense. Boeing Corp
had 179 new plane orders vs 2 in Jan, so no surprise that nondef air was
+95.3%. Machinery -2.2% and communications -7.6% were the other weak
spots. NonD-x air -2.7%, in the expected decline. Prim metals +1.7% and
electronics +2.9% were better spots. Shipments were +1.0%, inventories
+0.4%. NDCG shipments +0.2% vs -1.6% in Jan, still a weak start to Q1
capX. Bottom line: orders maintain some underlying momentum, remain
+2.4% yoy.

from MNI
  • #778,233
  • Mar 26, 2013 7:39am Mar 26, 2013 7:39am
Quoting sh5467
context, context, context. Pull up a monthly chart, you see there is plenty of room for this to move down to the bottom of the range. Pull a daily chart, we are in freefall downwards. Pull up a H4 chart you will see that we are at the bottom of a descending channel (range thingy). Everything in context, on the monthly chart we are going down but H4 suggest we may have a pullback 1st. If you plan your risk and targets prior it may help to remove the nerves of entering, also size down if you feel nerves as being nervous can make it harder to become...
Yeh, I know. Just frustrated as is was grinding down nicely and I was close to putting a tight S/L then boom, move being faded now though
  • #778,234
  • Mar 26, 2013 7:39am Mar 26, 2013 7:39am
bouncing off yesterday close.. easy with shorts.
  • #778,235
  • Mar 26, 2013 7:40am Mar 26, 2013 7:40am
News Triggers. Does NOT Give Direction:
When Trading news, most asked Question is the direction.
Here is the answer;
How do you know it is good for currency. Are you Bernanke or Draghi?
There are thousands of different parameters that Central Banks looking for.
When a data good for currency today, tomorrow is NOT.
Only one Exapmle: Depending on the Export/Import Balance/Regulations/Plans/Forecasts,
when weaknes of currency is good for country today, tomorrow it will NOT.
When any data source saying "Its Good For Currency", this forecast most probably is according to the standart economic rules.
If still there is left some.
  • #778,236
  • Mar 26, 2013 7:42am Mar 26, 2013 7:42am
Market is indecision.....If it is possible to long 1.2900 above...........
  • #778,237
  • Mar 26, 2013 7:43am Mar 26, 2013 7:43am
BEST TIME TO BUY EUR /USD at this point .

http://www.fxstreet.com/technical/cu...d&time=2013-81
  • #778,238
  • Mar 26, 2013 7:45am Mar 26, 2013 7:45am
EJ daily chart still in corrective ABC pattern
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY-sbDaily.png Size: 19 KB
  • #778,239
  • Mar 26, 2013 7:46am Mar 26, 2013 7:46am
eu is going up not down! 1.294x
Maximizing your potentials!
  • #778,240
  • Mar 26, 2013 7:46am Mar 26, 2013 7:46am
Quoting vimalcharan
Market is indecision.....If it is possible to long 1.2900 above...........
It is too late actualy as next move can be finished at 2931/2951 so if taking long the risk is "smaller" at current level,
Anything above 2900 is trading middle leg which is always risky way to do
swing it!
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