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EURUSD

  • #858,961
  • Dec 2, 2013 9:44am Dec 2, 2013 9:44am
it is like a moon walk.

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ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #858,962
  • Dec 2, 2013 9:44am Dec 2, 2013 9:44am
Quoting kuroro001
Seriously GU well above 1.6400 ? Okay, hitting sell button then
Looking good so far, nice call mate. Am at ,6392 SL ,645. Was not sitting in front of PC and actually aint watching this pair much. But wanted to sell GBP somewhere for longer term hold. We could get screwed up here if ECB goes to those neg rates or launches LTRO, but thats imo not on the table anytime soon.
"I know one thing, that I know nothing." Sokrates
  • #858,963
  • Dec 2, 2013 9:46am Dec 2, 2013 9:46am
Quoting Citiboy
Adding here to shorts 1.3559
Careful with shorts here, this is still only a higher low from a higher tf
  • #858,964
  • Dec 2, 2013 9:48am Dec 2, 2013 9:48am
Quoting Tom_D_Trader
{quote} Looking good so far, nice call mate. Am at ,6392 SL ,645. Was not sitting in front of PC and actually aint watching this pair much. But wanted to sell GBP somewhere for longer term hold. We could get screwed up here if ECB goes to those neg rates or launches LTRO, but thats imo not on the table anytime soon.


Any fundamental reasoning here Tom? Went back thru UK economic data this past week and I just dont see an opening for bearishness in GBP. Agreed its overbought, and USD strength could take GBPUSD lower off these insane highs, but arent there other ways to play USD strength?
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  • #858,965
  • Dec 2, 2013 9:50am Dec 2, 2013 9:50am
Quoting Tom_D_Trader
{quote} Looking good so far, nice call mate. Am at ,6392 SL ,645. Was not sitting in front of PC and actually aint watching this pair much. But wanted to sell GBP somewhere for longer term hold. We could get screwed up here if ECB goes to those neg rates or launches LTRO, but thats imo not on the table anytime soon.
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #858,966
  • Dec 2, 2013 9:50am Dec 2, 2013 9:50am
Quoting doggette
{quote} Careful with shorts here, this is still only a higher low from a higher tf
hold on if 1.3560 is taken then bang bang new high
  • #858,967
  • Dec 2, 2013 9:50am Dec 2, 2013 9:50am
Quoting Citiboy
{quote} Any fundamental reasoning here Tom? Went back thru UK economic data this past week and I just dont see an opening for bearishness in GBP. Agreed its overbought, and USD strength could take GBPUSD lower off these insane highs, but arent there other ways to play USD strength? {image}
i just look at g/j and u/j
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #858,968
  • Dec 2, 2013 9:51am Dec 2, 2013 9:51am
WTF

Wanted a serious drop to trade long...

Anyway - beggars can not be choosers - so - going with the flow.

All success
  • #858,969
  • Dec 2, 2013 9:51am Dec 2, 2013 9:51am
Quoting Citiboy
{quote} Any fundamental reasoning here Tom? Went back thru UK economic data this past week and I just dont see an opening for bearishness in GBP. Agreed its overbought, and USD strength could take GBPUSD lower off these insane highs, but arent there other ways to play USD strength? {image}
Totally agree with this. No reason for GU to stop, fundies are too good
  • #858,970
  • Dec 2, 2013 9:52am Dec 2, 2013 9:52am
Quoting doggette
{quote} Careful with shorts here, this is still only a higher low from a higher tf

I see a lower low on 4hr with 1.356x as pivot area. Daily just made a lower high at the 1.3625 region, thats confirmed if we can remain below that 1.356x on daily close. Weekly candle in danger of a bearish engulfment if we can remain below 1.355x.

Either way, I will be out at break even around 1.359x if it trades above there. Already took some decent profits on inital shorts from 1.3576.

I have a bearish bias though, so what do I know

my 4hr chart below
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  • #858,971
  • Dec 2, 2013 9:55am Dec 2, 2013 9:55am
i guess most retail shorts on cable got stopped out. So let us hold shorts on cable
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #858,972
  • Dec 2, 2013 9:55am Dec 2, 2013 9:55am
short for 90 pips
dreams do come true.
  • #858,973
  • Dec 2, 2013 9:56am Dec 2, 2013 9:56am
Quoting Citiboy
{quote} I see a lower low on 4hr with 1.356x as pivot area. Daily just made a lower high at the 1.3625 region, thats confirmed if we can remain below that 1.356x on daily close. Weekly candle in danger of a bearish engulfment if we can remain below 1.355x. Either way, I will be out at break even around 1.359x if it trades above there. Already took some decent profits on inital shorts from 1.3576. I have a bearish bias though, so what do I know my 4hr chart below {image}
Solid view. Thousand ways to skin a cat
  • #858,974
  • Dec 2, 2013 9:57am Dec 2, 2013 9:57am
anyone looked at bonds and gold? gold on its way to make new low.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #858,975
  • Dec 2, 2013 10:01am Dec 2, 2013 10:01am
Quoting Tom_D_Trader
{quote} Looking good so far, nice call mate. Am at ,6392 SL ,645. Was not sitting in front of PC and actually aint watching this pair much. But wanted to sell GBP somewhere for longer term hold. We could get screwed up here if ECB goes to those neg rates or launches LTRO, but thats imo not on the table anytime soon.
Cheers mate,

GU rose steadily lately, but it has to come to an end..even a 200/300 pips retrace is good enough.

Everybody is stating good numbers for GBP, but i don't believe in this numbers coming out of a magic hat while the worldwide economy is a mess

GU may not have top yet, but RR for shorts is very good
COT: The precious data ignored
  • #858,976
  • Dec 2, 2013 10:04am Dec 2, 2013 10:04am
Quoting Citiboy
Any fundamental reasoning here Tom?
Quoting Tom_D_Trader
You guys are watching GU? Went little short although I dont watch technicals there, as am long term bearish on GBP. Their CB eases for quite some time already, still overshooting inflation targets and main reason it is up here is ECB cut. Imo not bad to trade a few with low leverage, as it is mid term trade.
Forgot to mention they are filling in cash to tze banks to fix holes in MBS portfolios since 2008. Still the same, but UK CB is more agressive than ECB as it is not bound by squarreling EU bureaucrats and Lisbon treaty while their economy is bound to crumbling eurozone,... so... , nuff for me.
edit: and their retail sector is still a mess despite these actions.
edit: did I say CFD? I mean MBS
"I know one thing, that I know nothing." Sokrates
  • #858,977
  • Dec 2, 2013 10:05am Dec 2, 2013 10:05am
Quoting kuroro001
{quote} Cheers mate, GU rose steadily lately, but it has to come to an end..even a 200/300 pips retrace is good enough. Everybody is stating good numbers for GBP, but i don't believe in this numbers coming out of a magic hat while the worldwide economy is a mess GU may not have top yet, but RR for shorts is very good
hopefully cable closes the day as an inverted hammer.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #858,978
  • Dec 2, 2013 10:06am Dec 2, 2013 10:06am
Best hope for GBP shorts is probably in the positioning. All the big time players got cleaned out over the summer, last I looked COT positions were going mildly long. The huge moves higher were all basically short squeezes supported by the summer turn in the UK economy. Now that the positioning is sitting slightly long and price is overbought, its def a candidate for shorts. For longer term though, I want to see downside surprises in PMI and the overall trend of PMIs lower.

As for reasoning behind the UK economic strength I think its right to be skeptical. QE global low rates has helped out all these European economies, I wonder how higher rates will effect them. Give it 2-3 more months and Id bet the UK will slow as longer term gilt rates trade above 3%
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  • #858,979
  • Dec 2, 2013 10:08am Dec 2, 2013 10:08am
Quoting wannaberich
short for 90 pips
40 to 45 is a bump or the reversal. 35 to 38 also. below these it's free to continue down.

anyway sl at be by now...
dreams do come true.
  • #858,980
  • Dec 2, 2013 10:13am Dec 2, 2013 10:13am
Anyone shorting EUR/CAD?
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