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EURUSD

  • #788,521
  • Apr 16, 2013 11:47am Apr 16, 2013 11:47am
Quoting forex4india1
no info was there. it took out the stops at 1.5154 and spiked higher. it will come down sharply if there is no fundamental news backing this rally. there is no news in the gbp atleast and it spikes 70 pips
that's why its either a group of HF or a central bank unloading some positions...

otherwise, a substantial news, yet i dt see which one?
  • #788,522
  • Apr 16, 2013 11:49am Apr 16, 2013 11:49am
Quoting divak
they got what they wanted, take many people out.... surely a lot of people in retail...
looks they want daily to close above 1.3206
Mohan
  • #788,523
  • Apr 16, 2013 11:49am Apr 16, 2013 11:49am
Quoting divak
algo, otherwise im happy to understand what big info came at the hour close.
Why wouldn't you want a news to make it moving ?

Daily has turned up since it was bought below 1,2800

But i have to agree on 2 things,
1 ) this move up is not clean anymore, once it cleared daily high, all above it is risky for longs.
2 ) We'll revisit lower...1,29xx most likely.

Now the question is when, and at what price we'll see the correction begins.

It should be in the process as it is above 1,316x now.
COT: The precious data ignored
  • #788,524
  • Apr 16, 2013 11:50am Apr 16, 2013 11:50am
Quoting divak
that's why its either a group of HF or a central bank unloading some positions... otherwise, a substantial news, yet i dt see which one?
look at the way eur/jpy has been reacting since past 1 hr or so. its ride to 125 has begun
  • #788,525
  • Apr 16, 2013 11:50am Apr 16, 2013 11:50am
surley 72 retest before 97 gets taken out
Loser trying to become a winner!
  • #788,526
  • Apr 16, 2013 11:54am Apr 16, 2013 11:54am
VIX was up more than 40% yesterday.
After huge increase in volatility in SPX500USD yesterday...why would you not expect a big move in this pair today via USD/SP? Volatility down that is.......so bull move up. Look at the big VIX spikes, 'usually' (not a statistical term) SPX500USD is up 1% or more. Google and you can find tables of VIX-spikes & next day SP data showing this.

Doesn't mean anything for tomorrow or next week though! Data shows a different story for that.
----- Dragonfly out in the sun you know what I mean, don't you know
  • #788,527
  • Apr 16, 2013 11:54am Apr 16, 2013 11:54am
74.5 needs to be taken out for 90 to be a top, on the 15M
A pip is only worth it if you know how much you risked to earn it
  • #788,528
  • Apr 16, 2013 11:56am Apr 16, 2013 11:56am
Quoting divak
that's why its either a group of HF or a central bank unloading some positions... otherwise, a substantial news, yet i dt see which one?

OK man. We can always find an explanation if we want to. To me it's just plain old trading.. Trying to not read too much into it..
  • #788,529
  • Apr 16, 2013 11:56am Apr 16, 2013 11:56am
Quoting forex4india1
look at the way eur/jpy has been reacting since past 1 hr or so. its ride to 125 has begun
indeed
  • #788,530
  • Apr 16, 2013 11:57am Apr 16, 2013 11:57am
Quoting kuroro001
Why wouldn't you want a news to make it moving ? Daily has turned up since it was bought below 1,2800 But i have to agree on 2 things, 1 ) this move up is not clean anymore, once it cleared daily high, all above it is risky for longs. 2 ) We'll revisit lower...1,29xx most likely. Now the question is when, and at what price we'll see the correction begins. It should be in the process as it is above 1,316x now.
so you make EU move 45 pips in 1 min after a day where it took 5 hours to go from 1.3120 to 1.3150....??????
  • #788,531
  • Apr 16, 2013 11:57am Apr 16, 2013 11:57am
I'm done for the next few hours... Closed most of my long @1,3187 for the rest SL @ 1,315area or 2.5 hrs. next target for long 1,321- 1,322.
Dear Max, sorry to hear you're leaving. Even if I started posting today I've following this for some time and really aprreciated your contributions.
All the best.
  • #788,532
  • Apr 16, 2013 11:59am Apr 16, 2013 11:59am
Quoting attila
OK man. We can always find an explanation if we want to. To me it's just plain old trading.. Trying to not read too much into it..
sure, i just dont see any fundamental news that justify a move that big on a perfect hour close.
That's all.

so for me it's either SL hunting for all the ducks that have been gathered over the past weeks, or a CB doing its mess.

looking at G/U, i'll go for the latter
  • #788,533
  • Apr 16, 2013 12:02pm Apr 16, 2013 12:02pm
ok closed my 90 short and am now long at 75 .... stop 13105 ... will add more at 1.3133 targeting 1.3284 short term but don't see decent reversal until 1.3400 just my opinion GL people
Loser trying to become a winner!
  • #788,534
  • Apr 16, 2013 12:02pm Apr 16, 2013 12:02pm
Quoting divak
sure, i just dont see any fundamental news that justify a move that big on a perfect hour close. That's all. so for me it's either SL hunting for all the ducks that have been gathered over the past weeks, or a CB doing its mess. looking at G/U, i'll go for the latter

forget fundamental we are not smart enough for FA. trade based on TA
Mohan
  • #788,535
  • Apr 16, 2013 12:03pm Apr 16, 2013 12:03pm
Quoting divak
sure, i just dont see any fundamental news that justify a move that big on a perfect hour close. That's all. so for me it's either SL hunting for all the ducks that have been gathered over the past weeks, or a CB doing its mess. looking at G/U, i'll go for the latter

Only one fundamental: Mario Draghi
  • #788,536
  • Apr 16, 2013 12:03pm Apr 16, 2013 12:03pm
Speculating into a 32XX move to take out the stops.
"You're solid gold, see you in hell"
  • #788,537
  • Apr 16, 2013 12:05pm Apr 16, 2013 12:05pm
btw this could be a top.. higher not confirmed until 97 is taken out but have feeling it will so just going long now.... my opinion only gl people
Loser trying to become a winner!
  • #788,538
  • Apr 16, 2013 12:06pm Apr 16, 2013 12:06pm
Quoting divak
so you make EU move 45 pips in 1 min after a day where it took 5 hours to go from 1.3120 to 1.3150....??????
lol

What's so surprising about it ?

Are you new to forex ?

One advice, stop looking for explanations for your underwater shorts, and stop being too bias, it will kill you.
COT: The precious data ignored
  • #788,539
  • Apr 16, 2013 12:07pm Apr 16, 2013 12:07pm
still short at the moment.
  • #788,540
  • Apr 16, 2013 12:10pm Apr 16, 2013 12:10pm
Quoting eliabreu
still short at the moment.
Eyeing 66 for now. Evil number

I was eyeing 1,3105 earlier, but some support have been created meanwhile. First things first!
COT: The precious data ignored
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