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  • #221
  • Nov 18, 2013 12:21pm Nov 18, 2013 12:21pm
Quoting bikov
{quote} I agree on that, although maybe there's something logical about this up trend of the single currency: EU surplus; huge amount of cash pouring into EU from em.markets.. But besides that, I'm still not confident that this is "a fair price" of euro. I know, a fair price is a matter of subjective observation but if I should vote for the most overvalued currency, it would be euro ( and maybe CHF ).

Chf is very overvalued as you stated. Eur is just confusing. I don't know another way to put it haha. Honestly I think Eur should be below parity...
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  • #222
  • Nov 18, 2013 12:24pm Nov 18, 2013 12:24pm
Also my Eur/Cad is still running and yet again got spanked down my that 200 MA. Once this euro mask comes off I hope to really ride this down
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad.png Size: 66 KB
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  • #223
  • Nov 18, 2013 3:54pm Nov 18, 2013 3:54pm
Ian, What's your thoughts on RBA minutes coming out this evening?
Is this going to be the push we need for the upside or will this drop the ball out from underneath us?
I make it rain from the center of my Keytar
  • #224
  • Nov 18, 2013 4:04pm Nov 18, 2013 4:04pm
Quoting Piano Man
Ian, What's your thoughts on RBA minutes coming out this evening? Is this going to be the push we need for the upside or will this drop the ball out from underneath us?

I am liking the rise to 1.1250 after rejecting sub 1.12 levels. If the minutes focus more on the positives like the housing in china, we will see a strong aud rally. I dont see Stevens talking it down again. What I am really going to focus on is his tone when it comes to cutting rates. If he doesn't mention cutting rates we should really test the upside.

I will have my analysis shortly after the minutes are posted.
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  • #225
  • Nov 19, 2013 2:25am Nov 19, 2013 2:25am
resistance at 1.3542 at EU very solid, I hope this is the highest point this year..for the sake of my shorts
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #226
  • Nov 19, 2013 2:31am Nov 19, 2013 2:31am
Harrow Yen Masters

Well confusing as normal

Makes it tricky with the retrace we get

everytime it reaches the 100 mark

got few more longs under water now

thinking this time it will stay above the 100

for more than a day
  • #227
  • Nov 19, 2013 2:49am Nov 19, 2013 2:49am
Quoting bikov
resistance at 1.3542 at EU very solid, I hope this is the highest point this year..for the sake of my shorts
Hi Bikov,
I am short EU and ı am thinking long term keep this short position. I hope will be good.
Thank you for your help you and BOBGNARLY.
Bülent.
  • #228
  • Nov 19, 2013 3:16am Nov 19, 2013 3:16am
Quoting bulent
{quote} Hi Bikov, I am short EU and ı am thinking long term keep this short position. I hope will be good. Thank you for your help you and BOBGNARLY. Bülent.

You're welcome. I have the same plan but we'll see, many times our logic and the logic of the market are two different things. About keeping long term shorts - it's a good idea but have to mention that fiber can do very nasty retracements.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #229
  • Nov 19, 2013 4:37am Nov 19, 2013 4:37am
Good morning all. Hawkish RBA helped spring some life into aud/nzd

Eurusd is handing out free sell signals(again). Lets see what NY can do to her.

UsdJpy dipped more than I thought but buyers have been seen and a potential for a hammer on the daily close might signal a new short term bottom in place.
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  • #230
  • Nov 19, 2013 4:45am Nov 19, 2013 4:45am
Added more Eu shorts here at 3506. These will have a stop above the daily high and hopefully turn into a longer term trade. Already short a big position at 1.3465 with targets sub 1.31 and stop at 1.36
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  • #231
  • Nov 19, 2013 6:07am Nov 19, 2013 6:07am
Quoting BobGnarly
Added more Eu shorts here at 3506. These will have a stop above the daily high and hopefully turn into a longer term trade. Already short a big position at 1.3465 with targets sub 1.31 and stop at 1.36
Hi
1- AUDNZD ; Short
2- EURCAD ; Short
3- USDJPY ; CLOSED.
4- EURUSD ; MORE ADD SHORT.
That is okey ( I earn some pip audnzd thanks some position cont.)
Thanks.
Bülent.
  • #232
  • Nov 19, 2013 8:17am Nov 19, 2013 8:17am
Audnzd is looking good lmao citi recommended short into the rba last night. Good for those pricks, no institution I hate more than citi bank. Personal issues with them and their brokerage.
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  • #233
  • Nov 19, 2013 8:27am Nov 19, 2013 8:27am
Quoting bulent
{quote} Hi 1- AUDNZD ; Short 2- EURCAD ; Short 3- USDJPY ; CLOSED. 4- EURUSD ; MORE ADD SHORT. That is okey ( I earn some pip audnzd thanks some position cont.) Thanks. Bülent.

I advise you take trades based on your own analysis. That's the best way to learn but I'm glad your here learning!
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  • #234
  • Nov 19, 2013 9:01am Nov 19, 2013 9:01am
Quoting BobGnarly
{quote} I advise you take trades based on your own analysis. That's the best way to learn but I'm glad your here learning!
Sorry Sir,
This is not advice this trades your analize result ı read your analize and made summery. is this summery right or wrong ? ı ask only this.
I am learnig much from you. Thank you
Bülent.
  • #235
  • Nov 19, 2013 9:22am Nov 19, 2013 9:22am
Quoting bulent
{quote} Sorry Sir, This is not advice this trades your analize result ı read your analize and made summery. is this summery right or wrong ? ı ask only this. I am learnig much from you. Thank you Bülent.
I think Ian meant well for you, at least you know how to get a potential entry and exit point in terms of what he meant by analysis, 2nd to that, i think he put across a straight meaning towards sometime individual might be wrong, hence its good to be having own analysis.
Sincerely Yours Cheers!
  • #236
  • Nov 19, 2013 10:33am Nov 19, 2013 10:33am
Quoting DingDongWay
{quote} I think Ian meant well for you, at least you know how to get a potential entry and exit point in terms of what he meant by analysis, 2nd to that, i think he put across a straight meaning towards sometime individual might be wrong, hence its good to be having own analysis.

Yep exactly what ding said. Was saying that I can be wrong and you could be right. Like I got stopped out on my eurcad hahaha small position but the euro is pissing me off!
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  • #237
  • Nov 19, 2013 11:09am Nov 19, 2013 11:09am
Quoting BobGnarly
{quote} Yep exactly what ding said. Was saying that I can be wrong and you could be right. Like I got stopped out on my eurcad hahaha small position but the euro is pissing me off!
Okey.
Thank you .
Bülent.
  • #238
  • Nov 19, 2013 1:20pm Nov 19, 2013 1:20pm
Hello Yen Masters

Great news for the gambling net junkies

when the YEN takes out the 100

The charts light up

Its gambling time
  • #239
  • Nov 19, 2013 1:23pm Nov 19, 2013 1:23pm
I have a lot riding on the yen pairs right now. If they hit my target prices I'll have very little trading to do next year
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  • #240
  • Nov 20, 2013 6:48am Nov 20, 2013 6:48am
Quoting BobGnarly
I have a lot riding on the yen pairs right now. If they hit my target prices I'll have very little trading to do next year
Dear Bob,
Could you please say some for eur/usd ?
Regards.
Bülent.
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