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  • #876,861
  • Feb 14, 2014 2:19am Feb 14, 2014 2:19am
Quoting eurusd_trade
{quote} the ticking is painfully slow. maybe people are well-repapred which is why this move is disappointing. i took some GU off at 90 as some stops already ran. we could stall . or am i just being fooled before the real move? i'm a bit surprised that we managed this without any of the GBP numbers from next week. i do think there's another higher GBP wave to come, but numberless... i'm not sure...
it's a function of the still high EUR/GBP, if and when EG gets back to 81xx we could see more activity higher in GU, but again i'm not happy that this happened without any of the numbers next week in GBP. but the positioning was so extreme that perhaps we just needed to lighten it up. AUD a touch higher too. I really don't know. this could be it, guys, for now.
  • #876,862
  • Feb 14, 2014 2:19am Feb 14, 2014 2:19am
Quoting gatorinla
started off with some small risk shorts eu and gu, good luck
Are not you selling a 3 month range break ?! ... Good luck indeed !
"It's the Margin, Stupid."
  • #876,863
  • Feb 14, 2014 2:19am Feb 14, 2014 2:19am
Quoting 21vs7
gamed by laaandan cocksuckers
yo 21! hope you're fine.. keep an eye on your EJ before you h'i$$ away those flooger beans.. looks like EU, UJ & EJ are doing another lead lag leg up..
  • #876,864
  • Feb 14, 2014 2:21am Feb 14, 2014 2:21am
I prefer to wait for a solid reversal signal from the dailes.
  • #876,865
  • Feb 14, 2014 2:24am Feb 14, 2014 2:24am
Quoting Vachus
{quote} Are not you selling a 3 month range break ?! ... Good luck indeed !
but also a resistance point, I am short from 3709 tight stop, price needs to clear below 3690 for some comfort
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  • #876,866
  • Feb 14, 2014 2:26am Feb 14, 2014 2:26am
Quoting eurusd_trade
{quote} it's a function of the still high EUR/GBP, if and when EG gets back to 81xx we could see more activity higher in GU, but again i'm not happy that this happened without any of the numbers next week in GBP. but the positioning was so extreme that perhaps we just needed to lighten it up. AUD a touch higher too. I really don't know. this could be it, guys, for now.
-EG is likely still to yield return though and is probably safest at the moment in this dataless break where most of the stops were in the USD
You do -EG in anticipation of the GBP data next week even if you think the stops in the USD are temporarily exhausted
  • #876,867
  • Feb 14, 2014 2:26am Feb 14, 2014 2:26am
Quoting Vachus
{quote} Are not you selling a 3 month range break ?! ... Good luck indeed !
its not in my r/r plan. lots of risk for little reward
those who can, do. those who cant, talk about those who can
  • #876,868
  • Feb 14, 2014 2:27am Feb 14, 2014 2:27am
3690 is the key to make or break.

Q. Why do you buy euro?
A. Because it's cheap

Q. Why do you sell euro?
A. Because intention is to donate in FX market.
You cannot learn better without losing
  • #876,869
  • Feb 14, 2014 2:27am Feb 14, 2014 2:27am
Quoting cdndollar
{quote} yo 21! hope you're fine.. keep an eye on your EJ before you h'i$$ away those flooger beans.. looks like EU, UJ & EJ are doing another lead lag leg up here..
Canaaadiaaan!
Im good here. Active on this nice friday.. Weekend looks splendid here in my country so pretty much thrilled of that. Hope everything is good with you

got strong signals on ej and cj, the problem is gj, which was a buy signal around 168,50. So, that could stall everything.

Was a buyer of EU but now wont touch it. 3580 is where ill consider again

Still me thinks they gonna move JPY td and forward. at least 70 should be bagged..Im jumping in and out trying to cherry pick the bid. Will leave the rest. Ill use proper protection of course
  • #876,870
  • Feb 14, 2014 2:32am Feb 14, 2014 2:32am
all right guys, with a lot of USD stops having been printed in a very choppy way on a dataless day
-EG remains a good view to hold into next week with GBP claimant count, retail sales, and CPI to come
yes you've missed a large part of the move because the big boys realize this too and already whacked it this week but there's going to be more fear and probably more downside
if you're brave you can do just GU but with some stops already run out e/g is a better bet (for now)
  • #876,871
  • Feb 14, 2014 2:33am Feb 14, 2014 2:33am
Quoting MaxDoom
{quote} but also a resistance point, I am short from 3709 tight stop, price needs to clear below 3690 for some comfort {image}
Good morning Max, i was talking about the pound not the EU. It looks like a range breaking to me! On the EU side of things, all trades within a range should be valid as long as targets are within the same range. ( I wouldn't take 1.36 lightly, though. Its an essential number in a move towards 1.42 )
"It's the Margin, Stupid."
  • #876,872
  • Feb 14, 2014 2:35am Feb 14, 2014 2:35am
I didn't expect 3700 will be dispatched so easily
You cannot learn better without losing
  • #876,873
  • Feb 14, 2014 2:39am Feb 14, 2014 2:39am
Quoting eurusd_trade
all right guys, with a lot of USD stops having been printed in a very choppy way on a dataless day -EG remains a good view to hold into next week with GBP claimant count, retail sales, and CPI to come yes you've missed a large part of the move because the big boys realize this too and already whacked it this week but there's going to be more fear and probably more downside if you're brave you can do just GU but with some stops already run out e/g is a better bet (for now)
all righ,t i'm out of rest at 6710, EUR didn't move. i could be early but you know what i'm happy with this result on a pure stop hunt without any event risk and with GBP/AUD GBP/JPY etc. off highs.
  • #876,874
  • Feb 14, 2014 2:44am Feb 14, 2014 2:44am
Quoting Vachus
{quote} Good morning Max, i was talking about the pound not the EU. It looks like a range breaking to me! On the EU side of things, all trades within a range should be valid as long as targets are within the same range. ( I wouldn't take 1.36 lightly, though. Its an essential number in a move towards 1.42 )
6688 was what pa had as a target. as always there is some slippage. most b/o retreat soon after b/o. if i wanted to long it. it would be much lower before, or at least show a target. i dont trade a b/o until it retreats, and atm we are still under 674x...
those who can, do. those who cant, talk about those who can
  • #876,875
  • Feb 14, 2014 2:47am Feb 14, 2014 2:47am
Morning,

Don't like the fact it couldn't reach 1.372x/3x again....but sellers seem strong on top

Will wait for the EU GDP
COT: The precious data ignored
  • #876,876
  • Feb 14, 2014 2:56am Feb 14, 2014 2:56am
Quoting gatorinla
{quote} 6688 was what pa had as a target. as always there is some slippage. most b/o retreat soon after b/o. if i wanted to long it. it would be much lower before, or at least show a target. i dont trade a b/o until it retreats, and atm we are still under 674x...
You don't need a target in jumping on the band wagons, you just need a number to place a stoplose. On the pound this should be 1.664X , which is consider to be big for a intraday trading. I see your point, however !
"It's the Margin, Stupid."
  • #876,877
  • Feb 14, 2014 2:58am Feb 14, 2014 2:58am
here's another trick guys
whatever level everyone is looking at
just take profit 10-20 ticks before (10 ticks usually enough)
like earlier in the UJ i sold it when it was falling during asia session at 101.88, everyone was trying to stare down 101.50 so I took profit at 101.62 and now we are still stuck at 101.8x there,it could still eventually go but look at how many hours of pain you would have to endure
many times the "stops" everyone looks are magnets but they fail to go more than 50% of the time, another 25% of the time it does go but it's a tortuous agonizing process with retraces far beyond the reward even from the stops, and finally only 25% of the time is it a straightforward process.
so don't hesitate to give up some pips taking profit BEFORE the level. sometimes you'll kick yourself for missing the stops, but other times you'll be very happy you did when the market flips 1% in everyone's face from too many people greedy for the stops. this is a BIG variance and frustration reducer in trading.
  • #876,878
  • Feb 14, 2014 3:06am Feb 14, 2014 3:06am
Hmmm..Consolidation happening.
  • #876,879
  • Feb 14, 2014 3:11am Feb 14, 2014 3:11am
Quoting Magicmen
Hmmm..Consolidation happening.
Yea.

Usdchf has already consolidated, but eurusd and dxy have not. More to come.

So, favour is cable trade but its hard to buy that high yet....3 years high.
They think they are smarter than I am.
  • #876,880
  • Feb 14, 2014 3:17am Feb 14, 2014 3:17am
Quoting Vachus
{quote} You don't need a target in jumping on the band wagons, you just need a number to place a stoplose. On the pound this should be 1.664X , which is consider to be big for a intraday trading. I see your point, however !
i need a target to figure out my r/r before entering. atm we are with a new high of 3714.. if this remains the same.. i see a 300 pip retrace as normal, even if its eventually going higher. i am more weghted on the eu drop then the gu because the eg indicates further to fall.. so if i wanted to buy the gbp. it would be at least 300 pips lower
those who can, do. those who cant, talk about those who can
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