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  • #871,581
  • Jan 23, 2014 12:25am Jan 23, 2014 12:25am
Quoting giveachance
short eur/usd @1.3547. it is looking pathetic on the charts and might fall very sharply after PMI's
If it falls today, it will raise on Friday. If it raise today, it will falls on Friday. IMO, EU is going nowhere this week
  • #871,582
  • Jan 23, 2014 12:35am Jan 23, 2014 12:35am
Range trading day 4?

Small daily trading ranges within a defined sup/res zone

Grabbing even a few pips between dustbin levels is hard work.

A trigger to break the range is needed.

In the meantime ......hit and run for a few pips to pay for lunch
Attached Image (click to enlarge)
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" Never let the past hold the future to ransom "
  • #871,583
  • Jan 23, 2014 12:49am Jan 23, 2014 12:49am
Quoting Magicmen
{quote} If it falls today, it will raise on Friday. If it raise today, it will falls on Friday. IMO, EU is going nowhere this week
I don't see that happening after 3 days of consolidation. today is make or break day. it follows the trend for today tomorrow as well. PMI's will decide and in my view they will be disappointing
  • #871,584
  • Jan 23, 2014 12:58am Jan 23, 2014 12:58am
My first post on this forum so be nice to a newbie please.

Why is the PMI figures so important? The fiber has just gone flat lined, can't even take a position.
  • #871,585
  • Jan 23, 2014 1:01am Jan 23, 2014 1:01am
IMO after the impulsive mark down below .83, the current EURGBP levels may attract good interest from institutions & funds while GBP consolidate above 1.65 prior to breaking above 1.66 could keep the current Euro correction well above the 1.33~1.34 yellow brick zone for another crack at the recent highs under the following cross play scenarios:
Euro supported at current levels by EURGBP & rise in tandem while GBP move side to up..
Euro & GBP rise in tandem while EURGBP move side to up..
Euro rise is magnified should GBP & EURGBP rise in tandem under a tight lead/lag channel..

Quoting ffleo
{quote} what if euro drops and pound drops faster?
  • #871,586
  • Jan 23, 2014 1:21am Jan 23, 2014 1:21am
Some Manufacturing & Services PMIs out this Euro morning. Think the market may still have its eyes on the disappointing Chinese Manufacturing PMI.

EURUSD – Buy stops accumulating at 1.3585. Offers steady just under & at 1.3600.
  • #871,587
  • Jan 23, 2014 1:35am Jan 23, 2014 1:35am
Quoting Gleneagles
Range trading day 4? Small daily trading ranges within a defined sup/res zone Grabbing even a few pips between dustbin levels is hard work. A trigger to break the range is needed. In the meantime ......hit and run for a few pips to pay for lunch {image}
could be…..market is getting tougher for a small range grabs….
Wherever you go, there you are.
  • #871,588
  • Jan 23, 2014 1:38am Jan 23, 2014 1:38am
Saw on IFR that offers rest at 1.36 and bids at 1.35 to keep in range (probably no-touch options on either side).. mayybe this Euro news can push it through? US have any decent data releasing the rest of the week?
  • #871,589
  • Jan 23, 2014 1:46am Jan 23, 2014 1:46am
market is moving prior to the news, does it mean something to you?
Wherever you go, there you are.
  • #871,590
  • Jan 23, 2014 1:51am Jan 23, 2014 1:51am
Quoting milam
market is moving prior to the news, does it mean something to you?
more likely moving because of the French Jan Business Sentiment news just released

and thin liquidity before the PMI
  • #871,591
  • Jan 23, 2014 1:59am Jan 23, 2014 1:59am
bulls are unleashed today....bears taking over ? i wish not
COT: The precious data ignored
  • #871,592
  • Jan 23, 2014 2:03am Jan 23, 2014 2:03am
German PMI next...bulls look tired on this 1,359x....break of it and 1,361x & 1,363x next.
COT: The precious data ignored
  • #871,593
  • Jan 23, 2014 2:04am Jan 23, 2014 2:04am
Quoting MaxDoom
{quote} more likely moving because of the French Jan Business Sentiment news just released and thin liquidity before the PMI
Ok…but I think too much movement for that…..I have the suspicion that MM knows what is coming and…..
Wherever you go, there you are.
  • #871,594
  • Jan 23, 2014 2:04am Jan 23, 2014 2:04am
Quoting milam
market is moving prior to the news, does it mean something to you?
basic PA.. we can't stay in a range forever, the weakest level gotta go..
Patience is a virtue...
  • #871,595
  • Jan 23, 2014 2:04am Jan 23, 2014 2:04am
Quoting EmeraldEyes
Some Manufacturing & Services PMIs out this Euro morning. Think the market may still have its eyes on the disappointing Chinese Manufacturing PMI. EURUSD – Buy stops accumulating at 1.3585. Offers steady just under & at 1.3600.
Buy stops at 1.3585 tripped, offers kicked in as mentioned, helping keep the rally contained after French PMI beat.
  • #871,596
  • Jan 23, 2014 2:06am Jan 23, 2014 2:06am
Can't see strong sellers yet, but possible retest of 1,357x, breakout area

I just won't short this 5mn chart
COT: The precious data ignored
  • #871,597
  • Jan 23, 2014 2:07am Jan 23, 2014 2:07am
Quoting milam
{quote} Ok…but I think too much movement for that…..I have the suspicion that MM know what is coming and…..
don't get sucked into the conspiracy theories. .

you can tell by the reaction at 7:58 (2 minutes before) when Reuters got the data that the result was unknown...

in fact the move is very minimal as is the data change and remember those numbers are still under 50....

anyway the German data shortly..

edit: I am short
  • #871,598
  • Jan 23, 2014 2:08am Jan 23, 2014 2:08am
Slow and steady race. Attila likes this move.
  • #871,599
  • Jan 23, 2014 2:09am Jan 23, 2014 2:09am
Quoting kuroro001
Can't see strong sellers yet, but possible retest of 1,357x, breakout area I just won't short this 5mn chart
I have 1.360x/1x - then 1.367x.. but would like to see a decent bull day, then a re-test of the base before jumping on the bull wagon.. my patience is getting tested atm..
Patience is a virtue...
  • #871,600
  • Jan 23, 2014 2:10am Jan 23, 2014 2:10am
Quoting MaxDoom
{quote} don't get sucked into the conspiracy theories. . you can tell by the reaction at 7:58 (2 minutes before) when Reuters got the data that the result was unknown... in fact the move is very minimal as is the data change and remember those numbers are still under 50.... anyway the German data shortly.. edit: I am short
I think you been naive….anyway GL.
Wherever you go, there you are.
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