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  • #867,301
  • Jan 2, 2014 7:37am Jan 2, 2014 7:37am
Quoting ffleo
{quote} if so they would have done it much earlier before Christmas. It was obvious stop run.
I would not close the books before Christmas if I was a big corporation. I would wait till last minute to start doing currency translations and conversions.

For speculators, it sucked BIG TIME, I mean I was personally very surprised by the strength of the EURO.

Live and Learn. Year end has special reasons for cash flows, so are the quarter ends and so forth.
  • #867,302
  • Jan 2, 2014 7:37am Jan 2, 2014 7:37am
Quoting 45Condor
Hmm... maybe that's the pin/touch of the descending magenta TL, and we will now see a concerted push back down. (I do appreciate that the timing - Christmas/New Year - does not instil absolute confidence that this is, indeed, a serious move that is indicating the direction to come for the next quarter.) Must be worth a small lot, large stop, short... {image} {image} {image}

A week later, and that daily chart is starting to convince me of potential falls to come after the pin placed on the descending magenta TL...
Attached Image (click to enlarge)
Click to Enlarge Name: eurusddaily.png Size: 74 KB
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #867,303
  • Jan 2, 2014 7:40am Jan 2, 2014 7:40am
say hello to 3700 in next hours ... bias : large NY option cut
Get Rich or Die Tryin
  • #867,304
  • Jan 2, 2014 7:40am Jan 2, 2014 7:40am
Don't get too excited by the first trading of the year.

It's just going down after such a nice rise....confirmation will come within the next days
COT: The precious data ignored
  • #867,305
  • Jan 2, 2014 7:41am Jan 2, 2014 7:41am
Given the PA,

I am going to boldly say that we will flush through the anticipated 1.3620 zone in a super fast candle down that penetrates through 1.3600 very quickly with a light bounce.
  • #867,306
  • Jan 2, 2014 7:43am Jan 2, 2014 7:43am
going to long @362x
The more actions you take, the more errors you are bound to make.
  • #867,307
  • Jan 2, 2014 7:43am Jan 2, 2014 7:43am
Beware open longs with the last week PA and the break today at 1.3733 area to the downside.

We had a major break in my H4 chart here and with the H4 almost closing below 1.3630 this means BULL are in trouble.

We may see 1.3740 area PROTECTED, this means we will not see this level again if we close today below 1.3650

And I have only one trade right now with negative profit at 1.3576. ;-) and my account is heavy with shorts.

Let's see what will happen this week. Will we see 1.34 or 1.39, place your bet!
  • #867,308
  • Jan 2, 2014 7:45am Jan 2, 2014 7:45am
Quoting 4xmaker
Given the PA, I am going to boldly say that we will flush through the anticipated 1.3620 zone in a super fast candle down that penetrates through 1.3600 very quickly with a light bounce.
this is what they usually do to crush through support and resistance. the people doing this are not regular Joe's.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #867,309
  • Jan 2, 2014 7:48am Jan 2, 2014 7:48am
My question is why the USD suddenly became so strong all of a sudden?

I started using international fisher effect to see if the currency pair will appreciate or depreciate based on the changes of the gov bond yields.

So far, it has been pretty accurate on predicting without crazy forward guidance speeches from BOE or ECB.

Euro bond yields are dropping while US Treasuries are holding still.
  • #867,310
  • Jan 2, 2014 7:53am Jan 2, 2014 7:53am
Quoting 4xmaker
My question is why the USD suddenly became so strong all of a sudden? I started using international fisher effect to see if the currency pair will appreciate or depreciate based on the changes of the gov bond yields. So far, it has been pretty accurate on predicting without crazy forward guidance speeches from BOE or ECB. Euro bond yields are dropping while US Treasuries are holding still.
USD has been super strong against AUD,CAD, and JPY.

We just had some EURO/GBP/CHF strength in the process.

Not going to last.
  • #867,311
  • Jan 2, 2014 7:55am Jan 2, 2014 7:55am
Quoting Ck87
{quote} USD has been super strong against AUD,CAD, and JPY. We just had some EURO/GBP/CHF strength in the process. Not going to last.
CK87.

Really no more cable strength! Oh No.
rat
  • #867,312
  • Jan 2, 2014 7:56am Jan 2, 2014 7:56am
Quoting Ck87
{quote} USD has been super strong against AUD,CAD, and JPY. We just had some EURO/GBP/CHF strength in the process. Not going to last.

Yea? an unprecedented Tapering of the largest QE the world has ever seen in a developed nation, and I'm very afraid of using conventional logic to predict the soon to be PA.....

I think it is gonna be freaky crazy. the artificially compressed low cost of borrowing, and yield starved savers of the world is gonna move money like maniacs I think. Forget RSI, MACD, and all the goodies, these money movement and cash flow will break records.
  • #867,313
  • Jan 2, 2014 7:58am Jan 2, 2014 7:58am
Quoting 4xmaker
{quote} Yea? an unprecedented Tapering of the largest QE the world has ever seen in a developed nation, and I'm very afraid of using conventional logic to predict the soon to be PA..... I think it is gonna be freaky crazy. the artificially compressed low cost of borrowing, and yield starved savers of the world is gonna move money like maniacs I think. Forget RSI, MACD, and all the goodies, these money movement and cash flow will break records.
Freaking Loco man! Loco OMG

Euro could be destroyed OMG
rat
  • #867,314
  • Jan 2, 2014 7:59am Jan 2, 2014 7:59am
Quoting rattyo
{quote} Freaking Loco man! Loco OMG Euro could be destroyed OMG
Are you here to bug everybody without saying anything usefull ?

It's annoying
COT: The precious data ignored
  • #867,315
  • Jan 2, 2014 8:00am Jan 2, 2014 8:00am
Quoting hoom
say hello to 3700 in next hours ... bias : large NY option cut
cross your fingers ...
Get Rich or Die Tryin
  • #867,316
  • Jan 2, 2014 8:02am Jan 2, 2014 8:02am
Quoting hoom
{quote} cross your fingers ...
Will need a super crappy ISM I think....

I highly doubt you will get to 1.37...

I think 1.35 zone has a higher chance than 1.37
  • #867,317
  • Jan 2, 2014 8:03am Jan 2, 2014 8:03am
Quoting kuroro001
{quote} Are you here to bug everybody without saying anything usefull ? It's annoying
Look here this thing could be destroyed ok.
I'm worried, your telling me you don't give a jot?
rat
  • #867,318
  • Jan 2, 2014 8:04am Jan 2, 2014 8:04am
Quoting rattyo
{quote} Look here this thing could be destroyed ok. I'm worried, your telling me you don't give a jot?
WTF are you talking about?
  • #867,319
  • Jan 2, 2014 8:04am Jan 2, 2014 8:04am
Quoting hoom
say hello to 3700 in next hours ... bias : large NY option cut
Can you show us where you got this information. I looked around and couldn't find it, or do you have a screen shot of it? How large is the option? Do you know when the options expire?
Faith ends where worry begins, and worry ends where faith begins.
  • #867,320
  • Jan 2, 2014 8:04am Jan 2, 2014 8:04am
Quoting forexvegan
{quote} Can you show us where you got this information. I looked around and couldn't find it, or do you have a screen shot of it? Do you know when the options expire?
Vegans Rule
rat
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