Attachments: EURUSD

EURUSD

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#782,281
Apr 4, 2013 1:57am Apr 4, 2013 1:57am

Pip Anon
Joined Jan 2013 | Status: Trading defies logic | 4,643 Posts

Quoting Avir

Disliked

I don't think he'll cut rate but definitely more talk, Ben is also talking today - i guess we'll get out of this feckin range today

Ignored

Opportunity for massive pips in either direction.

When the facts change I change my mind, what do you do sir

#782,282
Apr 4, 2013 1:58am Apr 4, 2013 1:58am

MaxDoom
| Commercial User | Joined Feb 2010 | 13,260 Posts

Quoting gatorinla

Disliked

sorry i missed it.. so she retraced 50%.. if she drops to a LL.. i look for 112.1xx

Ignored

Technically I see it, the daily correction scenario is still completely valid. but the weight of the fundamental picture right now is massive. I guess the question is, will we see a fall with profit taking etc, whilst it is still only being talked about and before the rising storm of the reality.

now you have me thinking too hard

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#782,283
Apr 4, 2013 1:59am Apr 4, 2013 1:59am

drunkntrader
| Joined Mar 2013 | Status: Trader | 40 Posts

wow, nothin worse than being on a margin call and seeing the no brainer trade of the century right in front of your eyes.. Stupid euro/usd shorts - i shoulda peeled out of this trade last week and prepared for the Yen's re-recapitulation.. So much BIG money accumulating shorts in the Yen this last few weeks.. well, at least the little guys(aside from me) got a stab at getting back in today. I hope those that were watching the free fall pulled the trigger.

okay, so back to the sissified Euro/usd.. I gave up on seeing new lows this week, so i loaded up on 129 April Calls I sold for 37-45 pips that expire Friday, and even sold a single lot 128 April Put for 52 pips while i was short at 12858... all this to finance some bigger positions next month on some 131 May Calls i own for 39 pips.. im thinking no new highs or lows for this weeks trading range, and ive got a couple weeks to see a big bounce in the euro to re initiate some risk free shorts and target some dirty new lows..

also just bought the aussie/usd JUNE FUT at 10365, and own the 10350 May Puts i purchased a cpl days ago for 62 pips to leg into some cheap low risk 30 day longs.. another no brainer covered buy.. cheapest market to buy VOL in, by far.. But i take this probably makes absolutely no sense to retail forex traders.. either way, you should probably be aware of such tools of the trade.. Aussie/usd to 105+ basis June, YEN/USD to Par basis June expiration.. and the EUro to 125.. I feel pretty good about 2 out of these 3 hitting.

#782,284
Apr 4, 2013 2:03am Apr 4, 2013 2:03am

acidburn123
| Joined Feb 2009 | Status: Trader | 407 Posts

Quoting MaxDoom

Disliked

Technically I see it, the daily correction scenario is still completely valid. but the weight of the fundamental picture right now is massive. I guess the question is, will we see a fall with profit taking etc, whilst it is still only being talked about and before the rising storm of the reality. now you have me thinking too hard {image}

Ignored

also note the gap ,still valid for a closure

#782,285
Apr 4, 2013 2:04am Apr 4, 2013 2:04am

stevewalker
Joined Dec 2010 | Status: Trader | 18,740 Posts

Trading for Living
or
Living for Trading

#782,286
Apr 4, 2013 2:05am Apr 4, 2013 2:05am

Kanzler
Joined Nov 2012 | Status: Account Deactivated | 2,737 Posts

Quoting drunkntrader

Disliked

wow, nothin worse than being on a margin call and seeing the no brainer trade of the century right in front of your eyes.. Stupid euro/usd shorts - i shoulda peeled out of this trade last week and prepared for the Yen's re-recapitulation.. So much BIG money accumulating shorts in the Yen this last few weeks.. well, at least the little guys(aside from me) got a stab at getting back in today. I hope those that were watching the free fall pulled the trigger. okay, so back to the sissified Euro/usd.. I gave up on seeing new lows this week, so i loaded...

Ignored

Shoulda woulda coulda. One thing you'll grow to figure out is you can't be right all the time, but you should really learn to kill your losers...

#782,287
Apr 4, 2013 2:05am Apr 4, 2013 2:05am

fxtyrant
Joined Jan 2010 | Status: Trader | 10,268 Posts

Quoting acidburn123

Disliked

also note the gap ,still valid for a closure

Ignored

becareful, not all gaps gets filled.... only Most... maybe 90% of the gaps?

intervention gaps can be quite tricky since hedge funds who sold down there may have already taken the loss and leave......

We live in a finite world with infinite possibilities.

FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%

#782,288
Apr 4, 2013 2:06am Apr 4, 2013 2:06am

Pip Anon
Joined Jan 2013 | Status: Trading defies logic | 4,643 Posts

Nikkei up 570 pts lol

When the facts change I change my mind, what do you do sir

#782,289
Apr 4, 2013 2:06am Apr 4, 2013 2:06am

Kanzler
Joined Nov 2012 | Status: Account Deactivated | 2,737 Posts

Quoting fxtyrant

Disliked

becareful, not all gaps gets filled.... only Most... maybe 90% of the gaps? intervention gaps can be quite tricky since hedge funds who sold down there may have already taken the loss and leave......

Ignored

I've always hated gaps, they have no valid reason for "filling" and the people who jump on them typically don't even have a way of quantifying risk.

#782,290
Apr 4, 2013 2:06am Apr 4, 2013 2:06am

fxtyrant
Joined Jan 2010 | Status: Trader | 10,268 Posts

Quoting Kanzler

Disliked

Shoulda woulda coulda. One thing you'll grow to figure out is you can't be right all the time, but you should really learn to kill your losers...

Ignored

should woulda coulda, you should also give him a friendly mention not to think back to the past about what he Could/Should've done, focus on the next trade and be patient for an entry

We live in a finite world with infinite possibilities.

FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%

#782,291
Apr 4, 2013 2:08am Apr 4, 2013 2:08am

acidburn123
| Joined Feb 2009 | Status: Trader | 407 Posts

Quoting fxtyrant

Disliked

becareful, not all gaps gets filled.... only Most... maybe 90% of the gaps? intervention gaps can be quite tricky since hedge funds who sold down there may have already taken the loss and leave......

Ignored

I am talking about the upper gap for now ... if e/u plays along we can see it close sooner than thinkable.

#782,292
Apr 4, 2013 2:09am Apr 4, 2013 2:09am

SnaveForex
Joined Dec 2011 | Status: Trader | 4,013 Posts

acid burn where is the so called GAP

Quoting acidburn123

Disliked

also note the gap ,still valid for a closure

Ignored

#782,293
Apr 4, 2013 2:10am Apr 4, 2013 2:10am

fxtyrant
Joined Jan 2010 | Status: Trader | 10,268 Posts

Quoting Kanzler

Disliked

I've always hated gaps, they have no valid reason for "filling" and the people who jump on them typically don't even have a way of quantifying risk.

Ignored

i hate that shit too... gaps like those means Banks had transactions made over the weekend... i know i know ppl say forex market only runs 5 days a week, but the reality is that forex never sleeps, it runs even in the weekends, its just our brokers dont allow us to trade weekends allowing institutional bank to be the only one placing trades those times....

well then again the forex market isnt really controlled by our brokers anyways... brokers are cut off from the investment bank's currency feed during the weekend so really the culprit is investment banks dealing with themselves over the weekend to create these gaps.....

Perks of being an institutional trader with a bank and having millions in their accounts.

forex is a fishy business to say the least....

We live in a finite world with infinite possibilities.

FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%