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  • #2,581
  • Mar 2, 2014 7:42pm Mar 2, 2014 7:42pm
EURJPY long again 139.612 tp 139.91
  • #2,582
  • Mar 3, 2014 12:49am Mar 3, 2014 12:49am
Good morning.
Quite a subdued reaction of the (currency) markets to the Crimea-situation. But it's early yet. I've got a bunch of gaps in the charts, would like to discuss a viable strategy, Schickeria, if you find the time.

I'm giving my EurChf and UsdChf longs a bit more room to breathe, might close manually if the situation escalates. Keeping my short EU from 3816 for the time being. A small pending long AU was missed in the early trading minutes by 1.5 pips. But: it's early yet.
Good trading to you!
LD
Fail better.
  • #2,583
  • Mar 3, 2014 2:44am Mar 3, 2014 2:44am
The recent fall in the yuan is normal and more two-way fluctuation of the currency is expected ahead, People's Bank of China Vice Governor Yi Gang said Monday.
"We will increase yuan flexibility in the future and yuan two-way float will become an ordinary state," Mr. Yi, who is also the head of the State Administration of Foreign Exchange, said on the sidelines of the Chinese People's Political Consultative Conference.
China will continue with yuan exchange-rate reform based on market demand and supply, he said.
The yuan recently ended a long streak of appreciation and began sliding.
It ended at an eight-month low against the U.S. dollar on Friday. The yuan has risen more than 30% since a 2005 revaluation which ended a decade-long peg but since hitting a record high of 6.04 to the dollar last month it has lost roughly 2%.
The recent weakness is the result of investors adjusting trading strategies, State Administration of Foreign Exchange said last week.
Economic fundamentals remain sound so large-scale capital flight is unlikely and there is currently a net inflow
  • #2,584
  • Mar 3, 2014 2:46am Mar 3, 2014 2:46am
Quoting Hickson
{quote} First time I see this on that broker, but reason enough to close my account there, no excuse for that. The whole market is crazy, but still ... what is that? lol
Alpari
Attached Image (click to enlarge)
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  • #2,585
  • Mar 3, 2014 2:55am Mar 3, 2014 2:55am
Quoting LarryDarrell
Good morning. Quite a subdued reaction of the (currency) markets to the Crimea-situation. But it's early yet. I've got a bunch of gaps in the charts, would like to discuss a viable strategy, Schickeria, if you find the time. I'm giving my EurChf and UsdChf longs a bit more room to breathe, might close manually if the situation escalates. Keeping my short EU from 3816 for the time being. A small pending long AU was missed in the early trading minutes by 1.5 pips. But: it's early yet. Good trading to you! LD
Schieß los
  • #2,586
  • Mar 3, 2014 3:46am Mar 3, 2014 3:46am
Quoting Schickeria
{quote} Alpari {image}
I use Alpari too , but I dont have (spike) anything like that on my EURAUD chart ... Its interesting...
Imagination rules the world ...
Selym Hyll Return This Year: na
  • #2,587
  • Mar 3, 2014 3:47am Mar 3, 2014 3:47am
EURJPY

from elliott wave view we se now X2 wave and all is posible up, down, triangle, zigzag, flat. We start now a new correction with all possibilitys.

It should be better atm to wait 138.11/15 level to try a long with a tight stop.
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  • #2,588
  • Mar 3, 2014 4:08am Mar 3, 2014 4:08am
Quoting selym_co
{quote} I use Alpari too , but I dont have (spike) anything like that on my EURAUD chart ... Its interesting...
Did you look right after the open? These spikes will be deleted and the stopped trades re-instated.
Fail better.
  • #2,589
  • Mar 3, 2014 4:21am Mar 3, 2014 4:21am
Quoting LarryDarrell
{quote} Did you look right after the open? These spikes will be deleted and the stopped trades re-instated.
I checked it last nite too (right after seeing the screenshots here)... But my broker is Alpari RU , maybe its because of that ...
Imagination rules the world ...
Selym Hyll Return This Year: na
  • #2,590
  • Mar 3, 2014 4:56am Mar 3, 2014 4:56am
GBPUSD short 1.6737

1st TP 1.6690/80 area
  • #2,591
  • Mar 3, 2014 6:02am Mar 3, 2014 6:02am
Quoting Schickeria
GBPUSD short 1.6737 1st TP 1.6690/80 area
yep yep Shick - same page.. 1.674x rejected so far - 1.666x is the first area I have.. let's see ..
Patience is a virtue...
  • #2,592
  • Mar 3, 2014 9:21am Mar 3, 2014 9:21am
EURUSD we are here
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  • #2,593
  • Mar 3, 2014 9:26am Mar 3, 2014 9:26am
Watch the 6 year trendline from 1.60387 to 1.49399 (black)
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  • #2,594
  • Mar 3, 2014 11:00am Mar 3, 2014 11:00am
Quoting Schickeria
GBPUSD short 1.6737 1st TP 1.6690/80 area
I went short this morning @6739 and bailed 90 minutes later, I didn't trust the move: well well. Not one of the easiest trading environment today. DAX tanking, will be interesting to see the close today, below the MA100? And the reaction at 9286, which should be tested this week. This could turn into the long awaited, real correction, they only needed some reason...

EU: short stop in green, but building a long with small positions. Upside has to be tested imo. Schickerias picture makes sense.
Fail better.
  • #2,595
  • Mar 3, 2014 11:23am Mar 3, 2014 11:23am
Quoting LarryDarrell
{quote} I went short this morning @6739 and bailed 90 minutes later, I didn't trust the move: well well. Not one of the easiest trading environment today. DAX tanking, will be interesting to see the close today, below the MA100? And the reaction at 9286, which should be tested this week. This could turn into the long awaited, real correction, they only needed some reason... EU: short stop in green, but building a long with small positions. Upside has to be tested imo. Schickerias picture makes sense.
regarding cable - if we get an insidebar on the daily, the rejection of 1.674x would be less reliable IMO.. I could be wrong though, and so far bears still have the upper hand..
Patience is a virtue...
  • #2,596
  • Mar 3, 2014 11:50am Mar 3, 2014 11:50am
GAP trading sucks.

Ukranine sucks.

Putin sucks.

Sideways always good for scalping.

EURUSD: I expect a GAP close to 1.38xx area and strong drift down. That is my view atm.

It's difficoult now to be serious with a analysis.
  • #2,597
  • Mar 3, 2014 11:54am Mar 3, 2014 11:54am
Quoting hadox
{quote} regarding cable - if we get an insidebar on the daily, the rejection of 1.674x would be less reliable IMO.. I could be wrong though, and so far bears still have the upper hand..
right. Even if 6682 is broken, we should see some retracement and chance to enter a new short. I'm still short from 6785, with a small position though. Would like to add. 1.70, 1.80 may come, but imo there is room way south before. Don't have any meaningful targets atm, and it all may be wishful thinking. Stop is in place.
Fail better.
  • #2,598
  • Mar 3, 2014 11:58am Mar 3, 2014 11:58am
Quoting LarryDarrell
{quote} right. Even if 6682 is broken, we should see some retracement and chance to enter a new short. I'm still short from 6785, with a small position though. Would like to add. 1.70, 1.80 may come, but imo there is room way south before. Don't have any meaningful targets atm, and it all may be wishful thinking. Stop is in place.
yes, agree.. watching the reaction at 1.666x atm..
Patience is a virtue...
  • #2,599
  • Mar 3, 2014 12:00pm Mar 3, 2014 12:00pm
Quoting LarryDarrell
{quote}if 6682 is broken,
Another quick one. Now for the daily close...
Fail better.
  • #2,600
  • Mar 3, 2014 1:01pm Mar 3, 2014 1:01pm
Quoting Schickeria
GAP trading sucks. Ukranine sucks. Putin sucks. Sideways always good for scalping. EURUSD: I expect a GAP close to 1.38xx area and strong drift down. That is my view atm. It's difficoult now to be serious with a analysis.


which GAP??????

Interbank data shows no gap


Stop looking at the wrong charts.....


I mean: burn down Alpari
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