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  • #794,201
  • May 3, 2013 3:48am May 3, 2013 3:48am
Quoting kuroro001
{quote} Anything above 1,3110 is a good bargain to me. Just need to find the right setup now. 1,3138/40 ? what is it ?
It's a mid-pivot between daily PP and daily R1.
Since these levels are spread a lot - by 70 pips - the mid-pivots become important

Personally, I have a short scalping order @ 1.3138 - I don't see it going further north before the Nonfarm Payroll release.
I expect the price to oscillate till the NFP
"Luxury is one of the basic needs", (c), Don Corleone
  • #794,202
  • May 3, 2013 3:53am May 3, 2013 3:53am
Quoting lumesh
{quote} may i ask the source for that chart ? thanks a lot.
Attached File(s)
File Type: pdf ubs report.pdf   74 KB | 1,604 downloads

Its from a UBS report from yesterday. It does't mean that euro will go to 1.4 (since the correlation broke since 1.37) it just means that market still pays attention to the balance sheet diferencial and it points higher.
"You're solid gold, see you in hell"
  • #794,203
  • May 3, 2013 3:53am May 3, 2013 3:53am
Yes, the bullish tend in the EURUSD is now moving, its now over the 1.3112 range now....
  • #794,204
  • May 3, 2013 3:55am May 3, 2013 3:55am
But before the NFP starts, the 1.3122 range might end....
  • #794,205
  • May 3, 2013 3:56am May 3, 2013 3:56am
Quoting kuroro001
{quote} Anything above 1,3110 is a good bargain to me. Just need to find the right setup now. 1,3138/40 ? what is it ?
Thats weekly mR1 which is usual turning pivot more than continuation line, Not to the pip of course but rather general area for shorts
swing it!
  • #794,206
  • May 3, 2013 4:09am May 3, 2013 4:09am
Quoting awaisfx
long long long ... {image}
what are these?
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  • #794,207
  • May 3, 2013 4:11am May 3, 2013 4:11am
Quoting tomspin
{quote} Thats weekly mR1 which is usual turning pivot more than continuation line, Not to the pip of course but rather general area for shorts
Okay thanks.

I don't like the way it rises now....they probably know what NFP is gonna be and taking position. Love the insiders
COT: The precious data ignored
  • #794,208
  • May 3, 2013 4:13am May 3, 2013 4:13am
Can someone give reasonable and logic answer, WTF is happening with EUR in these moments ?! Is US so bad at NFP, that everyone buys now, to sell higher ?
  • #794,209
  • May 3, 2013 4:17am May 3, 2013 4:17am
Quoting Opn024
Can someone give reasonable and logic answer, WTF is happening with EUR in these moments ?! Is US so bad at NFP, that everyone buys now, to sell higher ?
I think its just market pricing the idea that ECB will not have a negative deposite rate
"You're solid gold, see you in hell"
  • #794,210
  • May 3, 2013 4:17am May 3, 2013 4:17am
Quoting Opn024
Can someone give reasonable and logic answer, WTF is happening with EUR in these moments ?! Is US so bad at NFP, that everyone buys now, to sell higher ?
Not much is happening really... It slowly returns to the level that was disturbed yesterday by Draghi's speech.

I don't see a trend forming before NFP - just this slow oscillation

Meanwhile, I went short @ 1.31375 for 15-20 pips
"Luxury is one of the basic needs", (c), Don Corleone
  • #794,211
  • May 3, 2013 4:17am May 3, 2013 4:17am
Quoting Opn024
Can someone give reasonable and logic answer, WTF is happening with EUR in these moments ?! Is US so bad at NFP, that everyone buys now, to sell higher ?
It's a WTF move ahead of the NFP.

Nothing to be worried about.

Wait for NFP
COT: The precious data ignored
  • #794,212
  • May 3, 2013 4:21am May 3, 2013 4:21am
Quoting Opn024
Can someone give reasonable and logic answer, WTF is happening with EUR in these moments ?! Is US so bad at NFP, that everyone buys now, to sell higher ?
The reason that make yesterday drop was the negative rate for deposit ...

Now many voices said than this is not on the table and the price try to recuperate at the yesterday level
  • #794,213
  • May 3, 2013 4:29am May 3, 2013 4:29am
Quoting tomspin
{quote} Thats weekly mR1 which is usual turning pivot more than continuation line, Not to the pip of course but rather general area for shorts
Attached Image (click to enlarge)
Click to Enlarge Name: metatrader 4 admiral markets as.gif Size: 332 KB
lets see
swing it!
  • #794,214
  • May 3, 2013 4:30am May 3, 2013 4:30am
Quoting Firstboss
{quote} Meanwhile, I went short @ 1.31375 for 15-20 pips
Closed @ 1.3121
"Luxury is one of the basic needs", (c), Don Corleone
  • #794,215
  • May 3, 2013 4:34am May 3, 2013 4:34am
Good morning traders. Trade 4 in the bag bringing the 48hr pips called to 480. trade 5 under way.
Attached Image (click to enlarge)
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Founder of Sutherland Wave Principle
  • #794,216
  • May 3, 2013 4:35am May 3, 2013 4:35am
Quoting kuroro001
{quote} It's a WTF move ahead of the NFP. Nothing to be worried about. Wait for NFP
And if NFP is below expectations?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #794,217
  • May 3, 2013 4:40am May 3, 2013 4:40am
Quoting KillerWhale
{quote} And if NFP is below expectations?
Most likely dollar sell off dragged by UJ.

ADP quickly rose on the good news to head back down afterwards. Maybe NFP will follow it's path if the news is good, and the other way if it is bad.

Can't really, it's always complicated to trade the news.

Still bearish for now
COT: The precious data ignored
  • #794,218
  • May 3, 2013 4:43am May 3, 2013 4:43am
Quoting KillerWhale
{quote} And if NFP is below expectations?
NFP can only cause speculative spikes in both directions.

Formation of longer trend occurs at a slower pace and the trend is waaay stronger, then any NFP noise.

On a weekly scale we are in a sideways range between 1.35's and 1.27's. As we are exactly in the middle right now, it can easily travel either way.

1-hr chart is starting to show upward strength with BB opening up, but before NFP it will oscillate between daily PP and daily R 0.5 = weekly R1

--

I wouldn't dare to take E/U position that rides through NFP release, only right after.
One exception - I am holding a EUR/JPY long
"Luxury is one of the basic needs", (c), Don Corleone
  • #794,219
  • May 3, 2013 4:46am May 3, 2013 4:46am
Quoting suthmo
Good morning traders. Trade 4 in the bag bringing the 48hr pips called to 480. trade 5 under way. {image}
yes i see the same now.
looking for investors . pm me
  • #794,220
  • May 3, 2013 4:49am May 3, 2013 4:49am
Quoting tomspin
{quote} {image} lets see
Hi Tomspin, may i know what is the name of the RED LINE in the middle and what number to set it (if it is Moving average line) in MT4 ?

Thanks
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