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  • #793,101
  • Apr 30, 2013 1:21pm Apr 30, 2013 1:21pm
headlines tomorrow.
SP500 1600!
EURUSD 1.32++!
Goldman Sachs client talks about his short position "I still think I did the right thing."!
"You're solid gold, see you in hell"
  • #793,102
  • Apr 30, 2013 1:23pm Apr 30, 2013 1:23pm
Quoting SugarPink
headlines tomorrow. SP500 1600! EURUSD 1.32++! Goldman Sachs client talks about his short position "I still think I did the right thing."!

that would be awesome...opened a long position in morning which is still going strong...target 1.32...

but have to be careful tonight with Chinese data.
  • #793,103
  • Apr 30, 2013 1:25pm Apr 30, 2013 1:25pm
Quoting SugarPink
Euro is going to blow up 1.32 very easily tomorrow. I don't see anything that can stop it. The only thing that was holding down the pair was a rate cut speculation and those got squeezed today (nop they arent coming back).
lots to stop it.. closing below 3197 after above it... um 3286.... norm 3226 being satisfied. we atm are at the Lm 3169... dont be surprised to back below 3197 next week. its not a clear bull... a bear also wants 3226 to move lower.. both bears and bulls want 3226
those who can, do. those who cant, talk about those who can
  • #793,104
  • Apr 30, 2013 1:26pm Apr 30, 2013 1:26pm
Quoting ForexWhale
{quote} that would be awesome...opened a long position in morning which is still going strong...target 1.32... but have to be careful tonight with Chinese data.
If its under 1.3140 keep it. Don't worry about chinese data. And USA data that is going out will probably have a muted reaction even if its good.
"You're solid gold, see you in hell"
  • #793,105
  • Apr 30, 2013 1:54pm Apr 30, 2013 1:54pm
Quoting gatorinla
{quote} lots to stop it.. closing below 3197 after above it... um 3286.... norm 3226 being satisfied. we atm are at the Lm 3169... dont be surprised to back below 3197 next week. its not a clear bull... a bear also wants 3226 to move lower.. both bears and bulls want 3226
I mean going above 1.32 yeah it can go lower then
"You're solid gold, see you in hell"
  • #793,106
  • Apr 30, 2013 1:55pm Apr 30, 2013 1:55pm
i dont know what its going to do.. pre NFP pump is normal... but look at the others this year, and what happens the following Sunday. that's where the gaps are. before eu major news.. most times there is a high.. if a rate cut is expected. going up, is not far fetched before. exporters expecting a cut will hedge. to keep their products level with contracts for goods.
going to 3226 happens most times, even in a bear move/trend..
Attached Image (click to enlarge)
Click to Enlarge Name: yen.PNG Size: 26 KB
those who can, do. those who cant, talk about those who can
  • #793,107
  • Apr 30, 2013 2:10pm Apr 30, 2013 2:10pm
Quoting fibstalker
.... Scenario 2. If the resistance at 1.3100-05 sees participation on the short side, this could help price breaking the 1.3000 level and bring price slighly lower into the next area of support and long participation starting at the 1.2980. There price could also find the retail participation buying the test of the 20-day SMA. We could see a bounce towards new highs or at least towards the next resistance area starting at 1.3240....
The second scenario of my last review (see related video on my blog as well) took place and price never moved below 1.2927 which has been a very good stop-loss. The 1.2980 area of support worked above the larger area of support starting at 1.2900, which is holding since the beginning of April. Indeed, the related stop-loss level at 1.2715 (not shown in the below picture) held so far.

Attached Image (click to enlarge)
http://www.forexfactory.com/attachme...1&d=1367355901



The two scenarios going forward are (please refer to the above picture):


Scenario 1. The 1.3230 is a very important area and it could show participation on the downside. Notice that price held the 1.2990 area of support with a first target in the 1.3310 area, well above the 1.3230. If price is capable of piearcing the 1.3230 area I anticipate a continuation higher with a move into 1.3310 and a continuation to and above 1.3354. If the 1.3354 level is broken on the upside the 1.41 final swing target will be confirmed.

Scenario 2. If the 1.3230 important area holds and offer significant resistance, we could see a move lower due to the “sell in May and go away” effect, as well as, a reaction to BCE lowering interest rates to 0.5% on Thursday. In that case we price could move lower to retest the 1.2980 area (or lower).

As usual I am interested in your thoughts and ideas and you can watch the video related to the explanation of the above scenarios on my blog.

Cheers
-fibstalker
"markets traded by programs/HFT offer a significant trading edge..."
  • #793,108
  • Apr 30, 2013 2:25pm Apr 30, 2013 2:25pm
My friends tell me at the moment what u suggest me i am 2.5$ loss=
on 1.3166 may i buy or sell??
Mani
  • #793,109
  • Apr 30, 2013 2:30pm Apr 30, 2013 2:30pm
as i can see, everybody agree on 1.3225 as average price..... interesting....
  • #793,110
  • Apr 30, 2013 2:49pm Apr 30, 2013 2:49pm
Quoting uncleunder
as i can see, everybody agree on 1.3225 as average price..... interesting....
good eye. when everyone agrees you know what that usually means.
  • #793,111
  • Apr 30, 2013 3:16pm Apr 30, 2013 3:16pm
EU is hardly retracing from the up move, most of the times that means it's going higher.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #793,112
  • Apr 30, 2013 3:27pm Apr 30, 2013 3:27pm
hi at all
  • #793,113
  • Apr 30, 2013 3:57pm Apr 30, 2013 3:57pm
Quoting KillerWhale
EU is hardly retracing from the up move, most of the times that means it's going higher.
Darkcloud M15 at top, sign price rejected from supply area 1.3170-13200. possible down move on this situation as long as the price still under that supply area, target mid 1.3120, cut and switch it if break 1.3174
  • #793,114
  • Apr 30, 2013 4:03pm Apr 30, 2013 4:03pm
Quoting KillerWhale
EU is hardly retracing from the up move, most of the times that means it's going higher.
its possible.. but not looking easy, usdx week...
eu in a similar spot.
3197 is not a bs level.
its on the large traders chart.
the broken crotch says 84.27.. we never got there yet
Attached Image (click to enlarge)
Click to Enlarge Name: uschf.PNG Size: 60 KB
those who can, do. those who cant, talk about those who can
  • #793,115
  • Apr 30, 2013 4:20pm Apr 30, 2013 4:20pm
if she is falling in a 2 hours... that should be the high for a while. bulls may want 3033.8 either way..in less then 2 h we may have a clue.
those who can, do. those who cant, talk about those who can
  • #793,116
  • Apr 30, 2013 4:42pm Apr 30, 2013 4:42pm
if the uj indicated 96.48 is correct. eu may fall with a stronger yen
those who can, do. those who cant, talk about those who can
  • #793,117
  • Apr 30, 2013 4:54pm Apr 30, 2013 4:54pm
When information about news from China will be officially published.??
  • #793,118
  • Apr 30, 2013 5:10pm Apr 30, 2013 5:10pm
looks like price want to go break high, ready to catch 1.3229
  • #793,119
  • Apr 30, 2013 5:18pm Apr 30, 2013 5:18pm
Quoting bedjofm
looks like price want to go break high, ready to catch 1.3229
near the high is most times a bad place to buy
those who can, do. those who cant, talk about those who can
  • #793,120
  • Apr 30, 2013 5:23pm Apr 30, 2013 5:23pm
I'm sure it will move in 12 hours,we have US ADP, ISM and FOMC coming up.
New voice message: Why are you calling me? If I need you, I'll call you!
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