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  • #791,121
  • Apr 24, 2013 5:19am Apr 24, 2013 5:19am
On eurusd 28, 35 and last 38 is where it likely may turn down on next hour if it cant close above those.

Trick was to use European lunch time to squeeze shorts during thinner market time even though news from Germany were bad.

But it should come to down test later (1.2988/98), maybe after European market close or if pair gets close below 1.3013.

Should watch Yen crosses, usdjpy likely floats below Asian high. Its gets rough above and on eurjpy there will be be slip above 130 likely.
They think they are smarter than I am.
  • #791,122
  • Apr 24, 2013 5:21am Apr 24, 2013 5:21am
Quoting cspip
Why did Eur go up even though bad data? Plus nearly most other major pairs?
A lot of reasons but mainly becase there is also a opposite speculation of a non rate-cut, and all data from germany was long-risk, with that out of the way it can go higher. other reaons go for long term views on the euro as well..
All major banks are now forecasting a rate cut next week. its going to be huge when ECB says rate will be unchanged.
"You're solid gold, see you in hell"
  • #791,123
  • Apr 24, 2013 5:25am Apr 24, 2013 5:25am
Quoting cspip
Why did Eur go up even though bad data? Plus nearly most other major pairs?
As far as my knowledge GU pair did the trick! You can find my older post about 6 hours ago, someone there explained this. I did an early exit but still managed to make some pip profit!
  • #791,124
  • Apr 24, 2013 5:27am Apr 24, 2013 5:27am
Hey Sugar thanks for sharing, where can I get this data too please?

Quoting SugarPink
EURO-DOLLAR: Fundamental levels (orders, options, technicals) $1.3100 Minor offers $1.3085 Tuesday Apr23 high $1.3065 Talk of sovereign sell interest above/$1.3070 55-dma $1.3050 Medium offers on approach $1.3030 Strong offers (recovery high Tues $1.3028 off $1.2973)/Stops $1.3020 Medium offers on approach $1.3018 Int.Day high Europe, Asia $1.3006 $1.3012 ***Current mkt rate 0942GMT Wednesday $1.3005/00 Medium demand (semi official demand interest here earlier) $1.2984 Tech 40-dma (CTA's like this dma) $1.2955 Int.Day low Europe, Asia $1.2988 $1.2950/40...
Tracking the Specialists.
  • #791,125
  • Apr 24, 2013 5:28am Apr 24, 2013 5:28am
Quoting SugarPink
{quote} A lot of reasons but mainly becase there is also a opposite speculation of a non rate-cut, and all data from germany was long-risk, with that out of the way it can go higher. other reaons go for long term views on the euro as well.. All major banks are now forecasting a rate cut next week. its going to be huge when ECB says rate will be unchanged.
I also don't think there will be a cut next week, ECB will want more bad data before using up one of its tools imo
  • #791,126
  • Apr 24, 2013 5:29am Apr 24, 2013 5:29am
hi, i am joining the thread new. It was difficult trading the eur this and last week-so i am starting to follow your posts guys to get comanionship along the way the journey. Cheers
  • #791,127
  • Apr 24, 2013 5:31am Apr 24, 2013 5:31am
Quoting Connected
Hey Sugar thanks for sharing, where can I get this data too please? {quote}
I have from MNI news. Subscribe, let them call you, say you want to test it for a month, to see if you are satisfied with it. Try to sound like you are actually going to pay for it.
http://www.mninews.com/
"You're solid gold, see you in hell"
  • #791,128
  • Apr 24, 2013 5:32am Apr 24, 2013 5:32am
Silly scalp with no plan as usuall. I am disgrace of trading .
"I know one thing, that I know nothing." Sokrates
  • #791,129
  • Apr 24, 2013 5:34am Apr 24, 2013 5:34am
0277 short aussie
looking for investors . pm me
  • #791,130
  • Apr 24, 2013 5:34am Apr 24, 2013 5:34am
Quoting Tom_D_Trader
Silly scalp with no plan as usuall. I am disgrace of trading .
I am too made exit. Now just watching this beast for perfect attack!
  • #791,131
  • Apr 24, 2013 5:34am Apr 24, 2013 5:34am
Quoting bennyblanco
{quote} I also don't think there will be a cut next week, ECB will want more bad data before using up one of its tools imo
yes im the same. And I bet some of the banks are saying that there will be rate cut next week but they belive the opposite, buying it
"You're solid gold, see you in hell"
  • #791,132
  • Apr 24, 2013 5:38am Apr 24, 2013 5:38am
Sweet, thank you kindly for sharing the info, looks interesting, will dig deeper, much appreciated thanks

Quoting SugarPink
{quote} I have from MNI news. Subscribe, let them call you, say you want to test it for a month, to see if you are satisfied with it. Try to sound like you are actually going to pay for it. http://www.mninews.com/
Tracking the Specialists.
  • #791,133
  • Apr 24, 2013 5:44am Apr 24, 2013 5:44am
Quoting rehab
hi, i am joining the thread new. It was difficult trading the eur this and last week-so i am starting to follow your posts guys to get comanionship along the way the journey. Cheers
Welcome

Do what i am doing......reading the whole thread from the beginning
  • #791,134
  • Apr 24, 2013 5:46am Apr 24, 2013 5:46am
Quoting KiwiTrada
ihave enter short kiwi 8472 sl 8483 wil get a chart in minutes

nice entrys mid wick of 2 inverted hammers, pity was crappy 15min candles

I am moving sl on both to BE 8472 and 8469 , she is boring, i am more interested on watching gold
Attached Image (click to enlarge)
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If you are new to Forex? Say Goodbye to your account!!
  • #791,135
  • Apr 24, 2013 5:47am Apr 24, 2013 5:47am
Quoting SugarPink
{quote} yes im the same. And I bet some of the banks are saying that there will be rate cut next week but they belive the opposite, buying it
It'll be a classic screw you move, suck people into shorts with rumors of rate cuts then boom when there is no cut announced
  • #791,136
  • Apr 24, 2013 5:49am Apr 24, 2013 5:49am
Quoting bennyblanco
{quote} It'll be a classic screw you move, suck people into shorts with rumors of rate cuts then boom when there is no cut announced
Then again, it could be a double bluff, or even triple.
  • #791,137
  • Apr 24, 2013 5:51am Apr 24, 2013 5:51am
Quoting SugarPink
EURO-DOLLAR: Fundamental levels (orders, options, technicals) $1.3100 Minor offers $1.3085 Tuesday Apr23 high $1.3065 Talk of sovereign sell interest above/$1.3070 55-dma $1.3050 Medium offers on approach $1.3030 Strong offers (recovery high Tues $1.3028 off $1.2973)/Stops $1.3020 Medium offers on approach $1.3018 Int.Day high Europe, Asia $1.3006 $1.3012 ***Current mkt rate 0942GMT Wednesday $1.3005/00 Medium demand (semi official demand interest here earlier) $1.2984 Tech 40-dma (CTA's like this dma) $1.2955 Int.Day low Europe, Asia $1.2988 $1.2950/40...
Brilliant !!!! clutter random data every 20 ticks ... LOL... now what do you suggest we do with that?...


Quoting Tom_D_Trader
Kuroro we were talking yesterday. I just read article on Bloomy and there is this quote. Seems those algos are at begginning of evolution in reading news, thats why such nonscence can happen. Really, I would bet all my money on Twitter reading algo . "Some trading firms incorporate data feeds designed to identify market-making news into algorithms so they can try to buy or sell before the information is widely disseminated. Bloomberg...
Yeap some NY bastards got spanked yesterday with their own medicine. It is definitely not healthy for free markets and free flow of information. However, the same major bastards in the Street were the ones who 1st developed this HFT hypersensitive algos environments and has benefit from it ...like always the bastards complain about regulation, as soon as they find a regulatory loophole they abuse and exploit it and when things start getting messy they turn around and ask for more regulation ... rinse and repeat and vicious circle will continue ...bastards will be bastards and this is just the cost of doing business for them...

In any case, ECB in full control in the euro and rate cut is around the corner with awful macro numbers this month (including key Germany starting to struggle) and more important with inflation below undershooting expectations. Stocks look ready to ride a final "more free money" ECB cut wave with plenty of fuel on the current lows and a lot of early "bears" on the high that will trigger a extended overshoot on stops before May expected sell off. High of the year in play in equities. Low of the year in play in Gold.

Consensus on .25 but .50 still on the table making the ECB the last CB to exhaust all monetary policy tools around the world. A cut .25 open FA parity mid/long term for the 1st time in a decade in the pair and .50 sub parity.

We 'll see and GL

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #791,138
  • Apr 24, 2013 5:52am Apr 24, 2013 5:52am
Quoting bennyblanco
{quote} It'll be a classic screw you move, suck people into shorts with rumors of rate cuts then boom when there is no cut announced
Yes. Imagine a market, short positioned expecting a rate cut and then boom, no rate cut.Market moving up on longs, all those shorts going for the exits, making even wider move, it would be a huge
"You're solid gold, see you in hell"
  • #791,139
  • Apr 24, 2013 5:55am Apr 24, 2013 5:55am
Quoting bennyblanco
{quote} It'll be a classic screw you move, suck people into shorts with rumors of rate cuts then boom when there is no cut announced
Tracking the Specialists.
  • #791,140
  • Apr 24, 2013 5:56am Apr 24, 2013 5:56am
Quoting sisse
{quote} GL sisse
Its the orderbook you can read a lot of things from it.
"You're solid gold, see you in hell"
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