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  • #863,721
  • Dec 16, 2013 4:42am Dec 16, 2013 4:42am
I think if you planning to sell this rise, you kind of on the wrong page of Today's book plan ...
"It's the Margin, Stupid."
  • #863,722
  • Dec 16, 2013 4:43am Dec 16, 2013 4:43am
UP momentum is related to Draghi speaking again in about 3hrs
sick of him speaking.Last time he "spoke" price went over 38
In trading, you have to be defensive and aggressive at the same time
  • #863,723
  • Dec 16, 2013 4:43am Dec 16, 2013 4:43am
*$1.3870/80 Medium offers/Option related
*$1.3850/55 Momentum buy triggers expected
*$1.3850 Strong offers/Option barrier
*$1.3830/35 Strong offers/$1.3833 61.8% $1.4940 May'11-1.2042 Jul'12
*$1.3815/20 Strong offers/$1.3825 Stops
*$1.3811 Weds Dec11 high (NY)
*$1.3790-805 Medium offers/$1.3803 Dec12 high
*$1.3779 ***Current mkt rate 1040GMT Monday
*$1.3764 5 dma
*$1.3740 Japanese bank demand
*$1.3737/27 Euro/Asia lows
*$1.3709 13 Dec low
*$1.3705/00 Medium demand
*$1.3694 Monday Dec9 low/$1.3693 61.8% $1.3620-1.3811
*$1.3690 System stops
  • #863,724
  • Dec 16, 2013 4:46am Dec 16, 2013 4:46am
Quoting Davit
UP momentum is related to Draghi speaking again in about 3hrs sick of him speaking.Last time he "spoke" price went over 38
German signaling draghi to push up euro price. Today if he try and fail to do so then down we go.
You cannot learn better without losing
  • #863,725
  • Dec 16, 2013 4:53am Dec 16, 2013 4:53am
Morgan Stanley Reversed To EUR/USD longs S/T; Hold Shorts M/T

Haha, anyone want to trade against MS? They were calling EURUSD short when we were below 1.35, now they reversed, maybe time to go down?
  • #863,726
  • Dec 16, 2013 5:11am Dec 16, 2013 5:11am
E/A 1.55180
  • #863,727
  • Dec 16, 2013 5:14am Dec 16, 2013 5:14am
Quoting Darkforce
Morgan Stanley Reversed To EUR/USD longs S/T; Hold Shorts M/T Haha, anyone want to trade against MS? They were calling EURUSD short when we were below 1.35, now they reversed, maybe time to go down?
Nobody knows where this is going, but 1.3800 is strong resistance. Right now is risky to go long and risky to go short as there is no short confirmataion. Ill say sit on your hands for now and see where this train goes. FYI morgan stanley is always wrong for some reason. They should stick to bond trading.
  • #863,728
  • Dec 16, 2013 5:17am Dec 16, 2013 5:17am
Quoting IveGotQuads
{quote} Nobody knows where this is going, but 1.3800 is strong resistance. Right now is risky to go long and risky to go short as there is no short confirmataion. Ill say sit on your hands for now and see where this train goes. FYI morgan stanley is always wrong for some reason. They should stick to bond trading.
They can be wrong and still make lots of money ...
"It's the Margin, Stupid."
  • #863,729
  • Dec 16, 2013 5:17am Dec 16, 2013 5:17am
Quoting Darkforce
Morgan Stanley Reversed To EUR/USD longs S/T; Hold Shorts M/T Haha, anyone want to trade against MS? They were calling EURUSD short when we were below 1.35, now they reversed, maybe time to go down?
If you are risking 20 pips to go short, will you risk the same amount to go long in this situation/momentum. Take your pick.
  • #863,730
  • Dec 16, 2013 5:18am Dec 16, 2013 5:18am
Quoting hadox
trying a short at 1.378x - risking 20 pips..
still in, scaled a bit out friday though.. we're testing the resistance once again, lets see if bears are giving up or protecting positions.. so far bears aint showing much power..

cable rejected at 1.633x, if 1.630x gives away I have 1.622x/3x.. but so far it's just ping pong between the levels.. anyway lets see..

gl
Patience is a virtue...
  • #863,731
  • Dec 16, 2013 5:20am Dec 16, 2013 5:20am
Quoting Davit
UP momentum is related to Draghi speaking again in about 3 hrs ...
... that's just ... to testify on monetary policy before the European Parliament's Committee on Economic and Monetary Affairs,
there isn't going to be anything new or different to what he has said before (press conference following the meeting of the Governing Council of E.C.B. on 5 Dec. 2013)
So, it shouldn't have much impact on price (neither before or afterwards)
  • #863,732
  • Dec 16, 2013 5:21am Dec 16, 2013 5:21am
i keep my longs and my tp is 1.38346.
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  • #863,733
  • Dec 16, 2013 5:23am Dec 16, 2013 5:23am
Quoting Vachus
{quote} They can be wrong and still make lots of money ...
Nobody doubts that, all these investment firms have the the power of solvency we can only dream about. In the meantime i dont think MS is the firm you want to be modelling your trades after.
  • #863,734
  • Dec 16, 2013 5:27am Dec 16, 2013 5:27am
Quoting IveGotQuads
{quote} Nobody doubts that, all these investment firms have the the power of solvency we can only dream about. In the meantime i dont think MS is the firm you want to be modelling your trades after.
It has nothing to do with the firm or invesment bank or even traders , all what it has to do is : Are they viewing the markets - as of available information at time right or wrong !


R u they taking a long term commitment based on a short term sentiment ?
R they taking a short term trades based on a long term fundamentals ?

When you are looking at a daily chart saying " Euro is finished " you are on the wrong side of the book, when you look at monthly chart saying " Feds are about to speak" again you are on the wrong side of the page. Because sentiment doesn't give a damn over fundamentals and fundamentals doesn't give two damn about sentiments. While price is being banged between the two of them.

In any case, they are not the only elephant in the room, in fact no one is ! So, its pointless to trade with or against their trades.
"It's the Margin, Stupid."
  • #863,735
  • Dec 16, 2013 5:28am Dec 16, 2013 5:28am
Here it comes bulls
  • #863,736
  • Dec 16, 2013 5:28am Dec 16, 2013 5:28am
Quoting Ken A
{quote} If you are risking 20 pips to go short, will you risk the same amount to go long in this situation/momentum. Take your pick.
Hehe, at 1.373x I would risk 20 for a long. at 1.378x I would risk 20 for a short.

But I expect another attack on 1.3800 before any down move, so in reality I wont risk anything now.
  • #863,737
  • Dec 16, 2013 5:30am Dec 16, 2013 5:30am
Quoting Darkforce
{quote} Hehe, at 1.373x I would risk 20 for a long. at 1.378x I would risk 20 for a short.
You got it but I'd rather wait for 1.38x
  • #863,738
  • Dec 16, 2013 5:30am Dec 16, 2013 5:30am
is darghi announce a cut rate in the evening i think so this time he did that
  • #863,739
  • Dec 16, 2013 5:30am Dec 16, 2013 5:30am
Shorting here with stop 3812 any one with me ?
MMMYYYKKK
  • #863,740
  • Dec 16, 2013 5:31am Dec 16, 2013 5:31am
Quoting Vachus
{quote} It has nothing to do with the firm or invesment bank or even traders , all what it has to do is : Are they viewing the markets - as of available information at time right or wrong ! So, that's what matters ... they are not the only elephent in the room, in fact no one is ! So, its pointless to trade with or against their trades.
Ahh !!! So therefore we are in agreement then.
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