EURUSD

My beloved 1,3010 hit

right there with ya, just waiting on a little more confirmation before jumping in

Between 1,2996 and now, a long setup could bring us back to 1,3070.

And a break of 1,2996 may bring us to new lows.

Waiting for another opportunity

Nightmare how tightly controlled this pair is at the moment, still don't see a trade. Market needs ECB to give it direction next Thursday. However I'm rapidly coming to the conclusion that the big boys will keep this pair close to 1.3 for the foreseeable future, I've said it before but I think there has been a big sea change since the currency wars talk started.

Remember how people like Hollande were complaining about FX volatility and how the rate should be more stable, I think there has been a concerted attempt to frustrate people out of the market (spike and reverse is an increasing theme). I'm not talking about us retailers but some of the more serious investors, one way of reducing the scale of ranges and therefore keep the rate more stable is to shake players out of the market. I've really struggled since the G20 currency ways debacle, I'm gradually adjusting and trying different methods. I'm putting less emphasis on technical analysis, I'm looking more at reacting to moves and 'jumping on-board' so to speak. The problem at the moment is you can technically analyze all you want, but the amount of verbal intervention is growing and can blow your chart analysis up in seconds. Not everybody will agree, I know some will insist yesterdays down move was technical when there was a clear reaction to the GS analysis. But we all will have different opinions and ways of approaching this game.

I'm hoping that we buck the trend for tight control next Thursday, plan to bag a load of pips when the rate cut storytelling gets unwound. I'll then build from there, but it will take a lot of patience in a market that more than ever is out to hunt positions and frustrate. For me that patience will involve not taking a trade until ECB on Thursday

I dount see how it could turn up again after such drop (intraday)..

expecting new lows for today and than bull for the rest of the day...will see in time.

yeah! That was a correct entry I guess!

Good morning everybody,

,3037 holds and I wish I wasnt sleeping again. Fun to watch yesterdays Asian rejection of zone. Daily ended almost doji. So, nice defence. Overall, I still think we are about to form some kind of trianguloid pre ECB press conference, so I plan clueless playing of range. Right now focusing on ,2973 and ,3073.

See Cable? Looks kinda like double top. Also UJ seems ready to another run to retest 100. Both of these could support run to ,297.

GL today,

T

jumped back in long at 3016...lettin it ride and keepin a close stop, hope for a slingshot ride...if not, oh well.
...and very quickly decided it was a bad idea and got out

128.38 long. sl 6 pips scalp

Yesterday's drop was because GS couldn't shut it up.

I really doubt they think ECB will cut rate....but who knows, Draghi is an ex-GS. It must be so easy for GS to make money out of FX now.

I'm looking for a buy near these levels...otherwise sideline until US news

you got data ahead, so your little plan has absolutely no use, that is wishing not trading mate.

sooo thoughts on the EU daily chart? theres been such a squeeze on this pair its gotta take off, just wonder which side will break first, i think the upside is more likely

Cable on quite important support. Can I sell it? Sure I can .

yes yesterday drop was influenced by Goldman not only jobless claims. I can think of other reasons but I am going with goldman influence.
See 11 January of 2013 for more goldman influence.

Yep, especially when the market bends over so readily for them. Either that or they were doing most of the selling to reinforce their image of having power over markets. Either way they are a pain in the backside

Oh

12pips ey and I'm out.

Really watch that Cable, imo that bubble may do pop any minute. Pop!

edit: Muahahaha. Mr. Disgrace on BE.