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EURUSD

  • #802,661
  • May 29, 2013 6:08am May 29, 2013 6:08am
Caught a few pips on the way up, fun while it lasted but looks like boring $$ strength is returning after a bout of profit taking
  • #802,662
  • May 29, 2013 6:08am May 29, 2013 6:08am
up is over,,,,,its heading south M8S.... top pattern is clear
  • #802,663
  • May 29, 2013 6:14am May 29, 2013 6:14am
up move was due to weak USD, strong Yen. EU was negatively correlated to UJ today.
  • #802,664
  • May 29, 2013 6:16am May 29, 2013 6:16am
Quoting meeeeeem2
up is over,,,,,its heading south M8S.... top pattern is clear
nope
  • #802,665
  • May 29, 2013 6:16am May 29, 2013 6:16am
Quoting chazzle
EU H4 My aggregate position now 12920 - happy enough under 12960 - looking for a move back down to today's range mid/minor swing close 12910 or thereabouts Chart showing HL/LH - compression {image}
out at 12929 on that quick push - re-working it ...
  • #802,666
  • May 29, 2013 6:19am May 29, 2013 6:19am
Quoting nahman
EUR/USD shot up in anticipation of better than expected CPI figures from Germany. Expected was 1.3% compared to actual which came out at 1.5% (YoY). 7 hours before release of news, the currency was trading as low as 1.2836 and currently at 1.2930.
Sorry but your are lost in translation.

Don't get me wrong you are not remotely close to reading fundamentals. Do you even know what is CPI stands for? ... better stay away form interpreting market moves from that FA mini news like this as you will get burnt rather quickly and end up neither trading the technical moves nor the knee jerk reaction moves and worst the FA swings...

My 2 cents, if you are interesting about fundamentals learn how to crawl with the macro issues and only when you have fluent understanding of them you can start a looking at the micro factors.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #802,667
  • May 29, 2013 6:20am May 29, 2013 6:20am
Quoting gatorinla
{quote}s/o eanice bouncea red candle on the next h is usually a rejection. -2933 even stronger. aggressive traders shorted the hangman already
? .. they need - .2820 after the spike.

at 140 pip move, 70 back is not out the norm. that's close to 2909 at 2906...
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
  • #802,668
  • May 29, 2013 6:20am May 29, 2013 6:20am
So EUR/USD is up on a quadruple missed german employment number...this is so funny
  • #802,669
  • May 29, 2013 6:23am May 29, 2013 6:23am
Quoting nahman
EUR/USD shot up in anticipation of better than expected CPI figures from Germany. Expected was 1.3% compared to actual which came out at 1.5% (YoY). 7 hours before release of news, the currency was trading as low as 1.2836 and currently at 1.2930.
I do not believe that market takes care about one data that was announced yesterday. Market usually knows wich data is going to appear the following day.
Do you think Deutsche Bank doesn't know the German data the day before???
  • #802,670
  • May 29, 2013 6:28am May 29, 2013 6:28am
Quoting sisse
{quote} Sorry but your are lost in translation. Don't get me wrong you are not remotely close to reading fundamentals. Do you even know what is CPI stands for? ... better stay away form interpreting market moves from that FA mini news like this as you will get burnt rather quickly and end up neither trading the technical moves nor the knee jerk reaction moves and worst the FA swings... My 2 cents, if you are interesting about fundamentals learn how to crawl with the macro issues and only when you have fluent understanding of them you can start a...
How and why would you translate a higher CPI than expected reading?
Never give up!!
  • #802,671
  • May 29, 2013 6:28am May 29, 2013 6:28am
Quoting Fx-gtg
{quote} so, is 1.2903 still the norm OR the actual mofu?

depends on pa flow.. depends in the one your talking about. its a set # with an elastic waistline that can go to the high or low that built it.. norm is a retrace. before reaching target.
those who can, do. those who cant, talk about those who can
  • #802,672
  • May 29, 2013 6:32am May 29, 2013 6:32am
Quoting attila
{quote} nope
looks gansters buying it ? are they really buying or doing ny magic ?
Mohan
  • #802,673
  • May 29, 2013 6:35am May 29, 2013 6:35am
Quoting mohan76
{quote}looks gansters buying it ? are they really buying or doing ny magic ?

They're doing their usual shell game at the open. expiries at 2950 and 2900.....
  • #802,674
  • May 29, 2013 6:38am May 29, 2013 6:38am
Quoting mohan76
{quote}looks gansters buying it ? are they really buying or doing ny magic ?
May be coz of WTI rocket ?
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #802,675
  • May 29, 2013 6:39am May 29, 2013 6:39am
I don't know if the CPI number was any catalyst for this move.
But i'm sure market was not expecting such a high jump on the CPI.
"You're solid gold, see you in hell"
  • #802,676
  • May 29, 2013 6:39am May 29, 2013 6:39am
to Gator
Does a norm that has not happened or is long from happening or may never happen at all ,could become a mofu?
  • #802,677
  • May 29, 2013 6:45am May 29, 2013 6:45am
This is how I see it ......Three failures are enough for the market to continue it's direction.....but in the end no body really knows , so trade the technicals
Attached Image (click to enlarge)
Click to Enlarge Name: EurUsd.gif Size: 22 KB
  • #802,678
  • May 29, 2013 6:48am May 29, 2013 6:48am
Quoting mohan76
{quote}looks gansters buying it ? are they really buying or doing ny magic ?

dont know... they didn't ring the bell at 2832... and the pair seldom forgets.
those who can, do. those who cant, talk about those who can
  • #802,679
  • May 29, 2013 6:48am May 29, 2013 6:48am
when this market gonna move guys?
Investing is SIMPLE but NOT EASY
  • #802,680
  • May 29, 2013 6:50am May 29, 2013 6:50am
I am really interesting to see what will happen on a move above 1.30 and a clear of the stops there.
Its going to be fun to see what happens
"You're solid gold, see you in hell"
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