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  • #827,381
  • Aug 20, 2013 2:29am Aug 20, 2013 2:29am
Quoting Scalptastic
EURUSD on it`s way to test 1.3320-1.3300 1.3350-60 seems to be a minor resistance I think traders stops are above. 1.3400 should hold today. {image}
Hi your analysis always very useful, it already done 1.3322, could one Long from here?
  • #827,382
  • Aug 20, 2013 2:31am Aug 20, 2013 2:31am
Quoting FXMastermind
- France Finance Minister Moscovici aims for full French employment in 10 years - France Finance Minster Moscovici says France is leading Europe out of the recession.
Well, somebody has to do it...

http://cdn.static-economist.com/site...817_WWD000.jpg
Fail better.
  • #827,383
  • Aug 20, 2013 2:34am Aug 20, 2013 2:34am
Quoting Dr.Zain
{quote} Hi your analysis always very useful, it already done 1.3322, could one Long from here?

I would be more confident to try a long position a bit lower - 1.3315. with very tight stop.
  • #827,384
  • Aug 20, 2013 2:36am Aug 20, 2013 2:36am
Quoting LarryDarrell
{quote} Well, somebody has to do it... {image}
KAL and my favourite magazine, kudos...sign of good taste you know these

And yes, I kinda admire that chutzpe of this guy to claim such nonsense...Especially when germans are and were driving the engine, certainly not frogs.
Quant Hedge Fund CEO
  • #827,385
  • Aug 20, 2013 2:39am Aug 20, 2013 2:39am
Quoting Scalptastic
{quote} I would be more confident to try a long position a bit lower - 1.3315. with very tight stop.
Thanks for the reply, some traders are talking about that it could target 1.3200!!! 1.3315 area lookin more reasonable!!!
  • #827,386
  • Aug 20, 2013 2:41am Aug 20, 2013 2:41am
Quoting FXMastermind
- France Finance Minister Moscovici aims for full French employment in 10 years - France Finance Minster Moscovici says France is leading Europe out of the recession.
Well now, I think I've read it all. When has France been competitive in any thing but cabernet? All they had was football, and don't even have that anymore lol
When the facts change I change my mind, what do you do sir
  • #827,387
  • Aug 20, 2013 2:44am Aug 20, 2013 2:44am
Quoting FXMastermind
{quote} KAL and my favourite magazine, kudos...sign of good taste you know these And yes, I kinda admire that chutzpe of this guy to claim such nonsense...Especially when germans are and were driving the engine, certainly not frogs.
Been a subscriber for a long time (15 years I think), and yes, it's one of the few truly international magazines there is. Reasonable, serious but with a funny twist.

France: I don't know, sometimes you have to make a bold claim to make it true. And nobody knows about Germany, the upcoming election could be a gamechanger. Everybody expects Merkel to win the race, but just 2% could tip the scales if people choose to vote for marginal parties like 'Piraten' or 'Alternative fuer Deutschland'. And according to some polls nearly a third of the voters are not really decided yet...
Fail better.
  • #827,388
  • Aug 20, 2013 2:49am Aug 20, 2013 2:49am
Quoting Dr.Zain
{quote} Thanks for the reply, some traders are talking about that it could target 1.3200!!! 1.3315 area lookin more reasonable!!!

PM
  • #827,389
  • Aug 20, 2013 2:58am Aug 20, 2013 2:58am
Quoting Dr.Zain
{quote} Thanks for the reply, some traders are talking about that it could target 1.3200!!! 1.3315 area lookin more reasonable!!!
and some think much lower....

sometimes you can get a perspective by scaling out... take these two simple charts, what do they show you?

I see a PA that sits dominantly between 1.27 and 1.34 since 2011.... what does that tell you? - the price points above and below this zone are outliers

So we all know that outliers are statistical anomalies, so the chances of getting an upside outlier from current level (just below 1.34) would likely need something surprising to move the market substantially in favour of the euro - it won't make an outlier just with trading range trades - and I don't foresee any such upside data coming out anytime soon (not to say it won't but if I can't see it why would I trade for it?)

therefore I remain firmly short the EU
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  • #827,390
  • Aug 20, 2013 3:01am Aug 20, 2013 3:01am
Quoting MaxDoom
{quote} and some think much lower.... sometimes you can get a perspective by scaling out... take these two simple charts, what do they show you? I see a PA that sits dominantly between 1.27 and 1.34 since 2011.... what does that tell you? - the price points above and below this zone are outliers So we all know that outliers are statistical anomalies, so the chances of getting an upside outlier from current level (just below 1.34) would likely need something surprising to move the market substantially in favour of the euro - it won't make an outlier...

nice one i love naked chart..
MY OPINION NOT FINANCIAL ADVISE
  • #827,391
  • Aug 20, 2013 3:04am Aug 20, 2013 3:04am
Quoting FXMastermind
- France Finance Minister Moscovici aims for full French employment in 10 years - France Finance Minster Moscovici says France is leading Europe out of the recession.

that is a good one - insane people do not recognize how insane they are
  • #827,392
  • Aug 20, 2013 3:05am Aug 20, 2013 3:05am
What is the relevance of an inside day?
  • #827,393
  • Aug 20, 2013 3:06am Aug 20, 2013 3:06am
Hi Max appreciate your Post, will help
  • #827,394
  • Aug 20, 2013 3:08am Aug 20, 2013 3:08am
Quoting traderblah
What is the relevance of an inside day?
depends who you listen too....

from a PA perspective it indicates a lack to trade into a new range, some see that as a sign to ignore it, some to range trade it and others see it as a breakout opportunity by placing an order above top and below bottom.

system traders will normally look at what was before it to decide the approach to take, ie: if it is at the top of ten good green bars one might consider it an early sign of a turn
  • #827,395
  • Aug 20, 2013 3:08am Aug 20, 2013 3:08am
...and we are back where we were. Dear lord...
Quant Hedge Fund CEO
  • #827,396
  • Aug 20, 2013 3:11am Aug 20, 2013 3:11am
Quoting Pip Anon
{quote} Well now, I think I've read it all. When has France been competitive in any thing but cabernet? All they had was football, and don't even have that anymore lol
...well they have a good cheese as well. Like...erm...Greece, for instance.

...or Italy.

...or Spain.
Quant Hedge Fund CEO
  • #827,397
  • Aug 20, 2013 3:12am Aug 20, 2013 3:12am
Quoting Scalptastic
{quote} PM
PM
  • #827,398
  • Aug 20, 2013 3:13am Aug 20, 2013 3:13am
Quoting FXMastermind
...and we are back where we were. Dear lord...
it is August, throw an extra piece of bacon on to eat on bottom test
  • #827,399
  • Aug 20, 2013 3:15am Aug 20, 2013 3:15am
Quoting donfriday
{quote} good morning brothers and sisters.. cable sl at be...

stoped out ...
MY OPINION NOT FINANCIAL ADVISE
  • #827,400
  • Aug 20, 2013 3:16am Aug 20, 2013 3:16am
Quoting MaxDoom
{quote} and some think much lower.... sometimes you can get a perspective by scaling out... take these two simple charts, what do they show you? I see a PA that sits dominantly between 1.27 and 1.34 since 2011.... what does that tell you? - the price points above and below this zone are outliers So we all know that outliers are statistical anomalies, so the chances of getting an upside outlier from current level (just below 1.34) would likely need something surprising to move the market substantially in favour of the euro - it won't make an outlier...
Surprising could be Fed's Statement, that Fed wouldn't tapering for the next 2 years LOL
Max its just joke, i am a silent reader of this thread and learn a lot thanks for the Charts
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