Now its starts to be really interesting with this weekly close...
- #10,729
- Jul 9, 2013 1:50am Jul 9, 2013 1:50am
{quote} Holmes, man, don't worry, we are all here with you, folks just don't talk easily while holding their breath ;o) Let's try not to make any funny mistakes now, no early TP just to watch as the pair takes off without us, but also no unrealistic expectations - the fundamentals still suck. Thoughts?
We have an inverted H&S on daily, with neckline 1,2365. Targets: 1,2450 and 1,2505
I wont hurry to close. In the past the EC is changed. Last year there was a spike, and went down imediatelly. This year we have a lot of time to close. So i do not have any target level, where i will close. I will close, when we have a daily reversal formation.
The CHF index started to fall too http://stooq.pl/q/?s=chf_i&c=1y&t=l&a=lg&b=0
One more information: in 14 januar 2013, there was a huge volume of buying 1,3 option 6 months expiry. It will expiry this friday. I think the guys who bought this option will try to push the price as high as they could till friday.
Sorry if i was useless
- #10,731
- Jul 9, 2013 4:36am Jul 9, 2013 4:36am
Well done Pipxster. Closed longs at 1.2412 and 1.2437 also scalped some in between but have now overall sold 22 % of my position... still ask at 1.2490 / 2570 /2640 / 2750 / 1.29 and 1.3050... another one will run up to 1.50... 
Thank you for your previous post Simon73. Was there a upmove in EURCHF at the 3 month expiry? I remember some information about a 1.30 expiry on 6 month by then. Does anyone have further information about these options, as well as some insight on how this could effect pricing?
Any recommendations? All shorts closed from those who shorted the pair? What are you guys thinking about selling into EURCHF strenght? as it has proven to be the correct trading in the past? Some of you considering shorts at higher levels?
Enjoy the upmove...
Thank you for your previous post Simon73. Was there a upmove in EURCHF at the 3 month expiry? I remember some information about a 1.30 expiry on 6 month by then. Does anyone have further information about these options, as well as some insight on how this could effect pricing?
Any recommendations? All shorts closed from those who shorted the pair? What are you guys thinking about selling into EURCHF strenght? as it has proven to be the correct trading in the past? Some of you considering shorts at higher levels?
Enjoy the upmove...
- #10,733
- Jul 9, 2013 4:45am Jul 9, 2013 4:45am
Well done Pipxster. Closed longs at 1.2412 and 1.2437 also scalped some in between but have now overall sold 22 % of my position... still ask at 1.2490 / 2570 /2640 / 2750 / 1.29 and 1.3050... another one will run up to 1.50...
also from the long march pack...similar strategy...besides ready to get in again on pullbacks.
- #10,735
- Jul 9, 2013 5:03am Jul 9, 2013 5:03am
{quote} Yes, it was the Januar spike to 1,2550 in 3 weeks after this buying, so it was seuccessfull for option buyers. I have no other information about this 1,300 strikes. Just this: a lot of hedge funds boughst last weeks at 1,23 level with 1,3 target (Swiss and US too) So the pressure is building to go new high
this is only rumors about hedge funds, is it?
Orderbooks in FX? Thought this is useless...
- #10,740
- Jul 9, 2013 1:35pm Jul 9, 2013 1:35pm
Dismiss these posts ^^^^^ nonsense. Nothing changed, same read the rumors and stupid predictions
Not a hedge fund, not a pu***, maybe my C*** bought EC from Sunday to find it on 1.246* high today
How you guys fall in same repeated rumors!!! Had you ever hear or read anything of that rubbish before EC spike 70 pips?
Never. It all pops out when market had already done its move. Everybody becomes a man and start predicting why?
Why is on your chart, market gonna do that with or without a rumor or prediction.
Am glad that ran away with a 1.2460 exit today because was puzzled yesterday between setting my take profit on 1.2469 or 1.2460, decided to set my pending short 1.2469 that ended not filled
I think there would be a brief drop before the up movement continues. FOMC influence would be big to decide if today's high would be this week's one too, postponing the up move to next week or the brief drop and up continuation would happen this week.
Not a hedge fund, not a pu***, maybe my C*** bought EC from Sunday to find it on 1.246* high today
How you guys fall in same repeated rumors!!! Had you ever hear or read anything of that rubbish before EC spike 70 pips?
Never. It all pops out when market had already done its move. Everybody becomes a man and start predicting why?
Why is on your chart, market gonna do that with or without a rumor or prediction.
Am glad that ran away with a 1.2460 exit today because was puzzled yesterday between setting my take profit on 1.2469 or 1.2460, decided to set my pending short 1.2469 that ended not filled
I think there would be a brief drop before the up movement continues. FOMC influence would be big to decide if today's high would be this week's one too, postponing the up move to next week or the brief drop and up continuation would happen this week.
Trade according to current market condition, not what you think would be.