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  • #868,321
  • Jan 7, 2014 5:23am Jan 7, 2014 5:23am
Quoting lifeideas
Compliments guys. Its good to be back and fresh. Whats the take on eu?
Some Euro buying in London - Eur/Chf looking strong, Eur/Cad not bad, EU cpi - jury out on whether deflation is the worry or stimulus - I'd say the first.

Likely consolidation on Eur/Usd ....looking at the daily and weekly I suspect somebody is accumulating - the lower highs - (forget the Christmas thing, may just make the cross a little cheaper for them.

The 100sma on the daily may be support for now, if consolidation persists I'll go long.
  • #868,322
  • Jan 7, 2014 5:23am Jan 7, 2014 5:23am
Quoting TauTrader
Good day, Every time price rises a few pips - short stops run back to the 1.3800/1.3810 cluster. There, the bulk sits. Although open positions are only 2:1 short, those retail traders using/showing stop loss numbers, are 5.5:1 short. Still.. Cannot see the market allowing 11000+ positions profiting too much longer in favour of chasing after 1400 long stops.. We have 2 numbers as posted earlier 1.3757 to the upside 1.2915 to the downside Both to be covered. It may be because of the GAP left on the MT4 platform, that the stops remain up there. These...
Maybe make it to 1.378x or even 1.383x...too soon to tell but i'd like these levels before shorting all in
COT: The precious data ignored
  • #868,323
  • Jan 7, 2014 5:28am Jan 7, 2014 5:28am
Morning everyone
MMMYYYKKK
  • #868,324
  • Jan 7, 2014 5:29am Jan 7, 2014 5:29am
Quoting kuroro001
{quote} Maybe make it to 1.378x or even 1.383x...too soon to tell but i'd like these levels before shorting all in
Sir K,

Yip - we will have to see.

The last leg down was far more/longer than I anticipated. Interestingly, long stops are following a lot closer to price than the shorts. This should theoretically result in higher lows.

I'm attempting to clear the weaker longs as we go.

Trade well

Regards
  • #868,325
  • Edited 5:40am Jan 7, 2014 5:29am | Edited 5:40am
Do not forget we had a CLEAN touch at a top TL at 1.3892, I'd would be very surprised to see PA again above 1.38, before new down move to at least 1.3430 area, here I suggest some longs.

It seems 1.3650 is holding, maybe not bad idea to short here SL 1.3668, but tiny trades.
  • #868,326
  • Jan 7, 2014 5:30am Jan 7, 2014 5:30am
Quoting myk
Morning everyone
Roar, Morning
  • #868,327
  • Jan 7, 2014 5:40am Jan 7, 2014 5:40am
Quoting BoredToLoose
Do not forget we had a CLEAN touch at a top TL at 1.3892, I'd would be very surprised to see PA again above 1.38, before new down move to at least 1.3430 area, here I suggest some longs. It seems 1.3650 is holding, maybe not bad idea to short here SL 1.3658, but tiny trades.
yea can be a good trade if it goes down from here
MMMYYYKKK
  • #868,328
  • Jan 7, 2014 5:45am Jan 7, 2014 5:45am
BTW, as discussed with Attila, got long this morning and holding for higher...
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@pawpaw1000 on Twitter
  • #868,329
  • Jan 7, 2014 5:53am Jan 7, 2014 5:53am
Have closed my longs from 3597 yesterday and gbp/yen longs too
ITS been n easy ride till now this week
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MMMYYYKKK
  • #868,330
  • Jan 7, 2014 6:00am Jan 7, 2014 6:00am
more positive news for Euro land - Ireland's bond issue (first since bailout exit) is well overbid, about 5 times - probable yield less than 4%
  • #868,331
  • Jan 7, 2014 6:00am Jan 7, 2014 6:00am
there is indecision in the market...but long movement not is supported for the moment
  • #868,332
  • Jan 7, 2014 6:01am Jan 7, 2014 6:01am
Where we are now , (1.3638) - should price run down 100 pips, it would trigger 540 long stops. If price was to rise 100 pips, it will trigger 1270 short stops. Assuming equal position size - which one would make more sense?

Should price run down 200 pips, it will trigger 1'049 long stops. Should price move up 200 pips - it would trigger 6'901 short stops.

I'm just thinking out loud here..

Regards
  • #868,333
  • Jan 7, 2014 6:03am Jan 7, 2014 6:03am
Quoting TauTrader
Where we are now , (1.3638) - should price run down 100 pips, it would trigger 540 long stops. If price was to rise 100 pips, it will trigger 1270 short stops. Assuming equal position size - which one would make more sense? Should price run down 200 pips, it will trigger 1'049 long stops. Should price move up 200 pips - it would trigger 6'901 short stops. I'm just thinking out loud here.. Regards
Dont know how n where u getting these stop orders count from but if we had to make decision on them it seems 38 is the way but i m not so sure
MMMYYYKKK
  • #868,334
  • Jan 7, 2014 6:05am Jan 7, 2014 6:05am
Quoting TauTrader
Where we are now , (1.3638) - should price run down 100 pips, it would trigger 540 long stops. If price was to rise 100 pips, it will trigger 1270 short stops. Assuming equal position size - which one would make more sense? Should price run down 200 pips, it will trigger 1'049 long stops. Should price move up 200 pips - it would trigger 6'901 short stops. I'm just thinking out loud here.. Regards


The charts are showing the same as your numbers ;-)

Up we go...
@pawpaw1000 on Twitter
  • #868,335
  • Jan 7, 2014 6:07am Jan 7, 2014 6:07am
A break of 3630 to the downside will open way for 3600 and vice versa 3675 for upside
MMMYYYKKK
  • #868,336
  • Jan 7, 2014 6:08am Jan 7, 2014 6:08am
2 for 2.. so I'm happy.. small trades but i'll take it. it took so long though for something to happen. I won't make it to New York. Save some pips for me! As stated earlier the uptrend in longer time frame is still intact (daily and above). be careful trying to fight it!

oh here's my ugly meaningless chart lol!!!
that's it!
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Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #868,337
  • Jan 7, 2014 6:12am Jan 7, 2014 6:12am
very little selling pressure this week in my opinion. something will have to happen to drive it lower in my opinion.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #868,338
  • Jan 7, 2014 6:17am Jan 7, 2014 6:17am
be carefull with big dreams in forex...it is still just a retracement imo.
f(z)=z2+c
  • #868,339
  • Jan 7, 2014 6:19am Jan 7, 2014 6:19am
3665 is the 1st target for those who are interested
@pawpaw1000 on Twitter
  • #868,340
  • Jan 7, 2014 6:21am Jan 7, 2014 6:21am
Kiddo bear
Not even secure a simple line so how can it break big line? lol
You cannot learn better without losing
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