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EURUSD

  • #880,061
  • Feb 28, 2014 6:50am Feb 28, 2014 6:50am
Funny seeing USD get slammed on every data miss the past month then when data beats its like nobody notices.......
Twitter: @TrendersGame
  • #880,062
  • Feb 28, 2014 6:53am Feb 28, 2014 6:53am
26000 traders online.. on friday with no news in forecast.... wonder whats cooking
  • #880,063
  • Feb 28, 2014 6:55am Feb 28, 2014 6:55am
Quoting gatorinla
{quote} s/o ea and eu.. its friday, i am done for now.. aj still running.. i may close it before day ends.
what a day!
  • #880,064
  • Feb 28, 2014 6:56am Feb 28, 2014 6:56am
Quoting zoolc
{quote} Can we hold?
don't know - month end/friday blah blah blah - what I do know is this : I'm getting the jitters and I need to eat
  • #880,065
  • Feb 28, 2014 6:57am Feb 28, 2014 6:57am
Quoting SnaveForex
26000 traders online.. on friday with no news in forecast.... wonder whats cooking
looking for pips
Once scalper always scalper
  • #880,066
  • Feb 28, 2014 6:58am Feb 28, 2014 6:58am
Quoting SnaveForex
26000 traders online.. on friday with no news in forecast.... wonder whats cooking
?
Attached Image
  • #880,067
  • Feb 28, 2014 7:18am Feb 28, 2014 7:18am
Quoting Citiboy
Funny seeing USD get slammed on every data miss the past month then when data beats its like nobody notices.......
USD is hard to rally against developed currencies. You should bet dollar strenght against asian currencies or other trouble countries.What is happening on CNY is leading of what should happen in Asia.
  • #880,068
  • Feb 28, 2014 7:23am Feb 28, 2014 7:23am
Quoting YOLObear
{quote} USD is hard to rally against developed currencies. You should bet dollar strenght against asian currencies or other trouble countries.What is happening on CNY is leading of what should happen in Asia.

Very true... CAD has been the only USD long working for me. Otherwise everything else just kind of has been in a range for 2-3 weeks.

Speaking of CNY.... wondering how forthcoming Eurozone CPI will look after the CNY devaluation. All Chinese imports getting a 1.2% or so discount pretty much overnight cant help out Draghi much. Im surprised at how todays CPI number COMPLETELY deleted all expectations for action from the ECB.
Twitter: @TrendersGame
  • #880,069
  • Feb 28, 2014 7:34am Feb 28, 2014 7:34am
Current Play:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd - 2.28.2014.png Size: 66 KB
  • #880,070
  • Feb 28, 2014 7:36am Feb 28, 2014 7:36am
Quoting Citiboy
{quote} Very true... CAD has been the only USD long working for me. Otherwise everything else just kind of has been in a range for 2-3 weeks. Speaking of CNY.... wondering how forthcoming Eurozone CPI will look after the CNY devaluation. All Chinese imports getting a 1.2% or so discount pretty much overnight cant help out Draghi much. Im surprised at how todays CPI number COMPLETELY deleted all expectations for action from the ECB.
yeah dude, todays CPI was a complete fiasco, it ruined all my 2 weeks of work/unrealized profit.
  • #880,071
  • Feb 28, 2014 7:39am Feb 28, 2014 7:39am
Great end of month!

Won with everything, from trading on Oanda to 4 deuces video poker in the River Palms to black jack in the Golden Nugget!
Attached Image (click to enlarge)
Click to Enlarge Name: EU 022814.jpg Size: 162 KB
New voice message: Why are you calling me? If I need you, I'll call you!
  • #880,072
  • Feb 28, 2014 7:41am Feb 28, 2014 7:41am
Quoting KillerWhale
Great end of month! Won with everything, from trading to 4 deuces video poker to black jack! {image}
Love me some solid rounds of blackjack!
  • #880,073
  • Feb 28, 2014 7:45am Feb 28, 2014 7:45am
Quoting Venice
{quote} Love me some solid rounds of blackjack!
It's my favorite after forex.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #880,074
  • Feb 28, 2014 7:49am Feb 28, 2014 7:49am
Quoting YOLObear
{quote} yeah dude, todays CPI was a complete fiasco, it ruined all my 2 weeks of work/unrealized profit.
I just think theres no more will to sell man. People have been getting burned on short EUR for years now. It just never works. As more and more currency hedge funds close up shop theres just nobody around but retailers and the occasional discretionary hedge funds speculating these days. Since theres no market participants that push the trend early in the move... you just get price action like yesterday where theres a short set up.... but everyone takes profit quickly then puts a very tight stop in on any open gains. We dont have the juice to push the market around in the face of the inherent EUR inflows from their 20bn a month current account and banks delveraging for the ECB stress test.


Thats just my rationalization... Ive seen so many unrealized profits of a few grand fade away to a couple hundred bucks im immune to it at this point. I want the next 800-1200 pip move and I think its closer than we expect. GBP and EUR cant keep endlessly powering higher even as the data point the opposite direction.

Real money has to be involved to turn around EUR and GBP. Pension funds and banks need to move money out, and there needs to be a good reason to do so.
Twitter: @TrendersGame
  • #880,075
  • Feb 28, 2014 7:53am Feb 28, 2014 7:53am
yes. i have lost interest to sell eu. now im buying tp 1.3833 SL open
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  • #880,076
  • Feb 28, 2014 7:58am Feb 28, 2014 7:58am
Quoting ud1nh0
yes. i have lost interest to sell eu. now im buying tp 1.3833 SL open
I would think that today rally was largely due to the fact that EURUSD broke the high of 2014 rather than the 0.1% increase in CPI numbers.

Lets now see if 1.3770 levels can turn resistance to support level for further rallies.
The true fact is market doesn't care, risk mgt is important.
  • #880,077
  • Feb 28, 2014 8:00am Feb 28, 2014 8:00am
Quoting ud1nh0
yes. i have lost interest to sell eu. now im buying tp 1.3833 SL open
200 EMA is a beautIful support for EU since 6 months now!
New voice message: Why are you calling me? If I need you, I'll call you!
  • #880,078
  • Feb 28, 2014 8:00am Feb 28, 2014 8:00am
They want another new high...
COT: The precious data ignored
  • #880,079
  • Feb 28, 2014 8:06am Feb 28, 2014 8:06am
As I missed the move of today completely (although I got signals for the move but I was lazy and sceptical) I close my personal week.

Made 7 % on each of my three accounts which is not the worst thing on earth, but I hoped for 10%. Maybe next week.
  • #880,080
  • Feb 28, 2014 8:08am Feb 28, 2014 8:08am
Quoting Citiboy
{quote} I just think theres no more will to sell man. People have been getting burned on short EUR for years now. It just never works. As more and more currency hedge funds close up shop theres just nobody around but retailers and the occasional discretionary hedge funds speculating these days. Since theres no market participants that push the trend early in the move... you just get price action like yesterday where theres a short set up.... but everyone takes profit quickly then puts a very tight stop in on any open gains. We dont have the juice...
Yes. I've been saying it before, there will be capitulation and euro will not go just to 1.40 it will overshoot, all of this thread will be bulish euro, but not only this thread, the hedge-funds and others that have been "euro bears" on rate/economic diferentials.

Those (idioticly) don't seem to get Draghi memo, and they will realize if not next week then it will be soon. Just a matter of time, euro will fall but there is nothing to trigger it yet, so keep buying.
I won't sell until I see capitulation
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