Attachments: EURUSD

EURUSD

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#891,621
Apr 22, 2014 2:00am Apr 22, 2014 2:00am

Chicky
Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts

Quoting Davit

Disliked

{quote} Fundamentals have no awareness of fibs

Ignored

............ and they keep on changing every day, sometimes twice a day.

The Thief of Wall Street

#891,622
Apr 22, 2014 2:04am Apr 22, 2014 2:04am

Davit
Joined Feb 2012 | Status: Trader | 21,377 Posts

Quoting Chicky

Disliked

{quote} ............ and they keep on changing every day, sometimes twice a day.

Ignored

To me better approach is not what fibs may do but why should EU be at 1.41 or even 1.40
Not with 1% inflation and 12% unemployment with EZ election in MAY

Short 3810 3820 limit shorts 3850 3880 39
1st TP 1.36
2nd TP 1.35

In trading, you have to be defensive and aggressive at the same time

#891,623
Apr 22, 2014 2:11am Apr 22, 2014 2:11am

chazzle
Joined Sep 2010 | Status: Trader | 11,327 Posts

EU H1

took a long at pullback into frankie H which rejected April swing mid ....

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#891,624
Apr 22, 2014 2:16am Apr 22, 2014 2:16am

Chicky
Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts

Quoting Davit

Disliked

{quote} To me better approach is not what fibs may do but why should EU be at 1.41 or even 1.40 Not with 1% inflation and 12% unemployment with EZ election in MAY Short 3810 3820 limit shorts 3850 3880 39 1st TP 1.36 2nd TP 1.35

Ignored

Logically fundamentals should prevail. But we are living in an era of currency war, a very stupid war. If I correctly remember, couple of years ago, Australia decided to remain immune from this war. They increased rate of interest. Today, they are still 7 cents below parity

A currency may depreciate 10 points if unemployment goes to 12%. But as soon as unemployment starts getting better even by 3%, it regains all these 10 points, leaving a question for people like me why this currency did not depreciate with 9% increase in unemployment.

The Thief of Wall Street

#891,625
Apr 22, 2014 2:16am Apr 22, 2014 2:16am

Firstboss
| Joined Jan 2007 | Status: Realist | 667 Posts

Quoting math_GB

Disliked

{quote} Hey pips... Hope you are OK. It probably won't take that figure but why are you targeting 1.3715 when no single sign of bears is on the chart....? My view is we shall see a bearish month in May but as of right now, don't see a reason to short here around these levels...

Ignored

The gap from 8 days ago has to close in 1.3880's area before a serious down trend has a chance to form

Most likely, sideways market again

"Luxury is one of the basic needs", (c), Don Corleone

#891,626
Apr 22, 2014 2:16am Apr 22, 2014 2:16am

Pip Anon
Joined Jan 2013 | Status: Trading defies logic | 4,643 Posts

Quoting math_GB

Disliked

{quote} Hey pips... Hope you are OK. It probably won't take that figure but why are you targeting 1.3715 when no single sign of bears is on the chart....? My view is we shall see a bearish month in May but as of right now, don't see a reason to short here around these levels...

Ignored

Hey mate, doing well! I think the pair will be range bound between 1.37 and 1.39. I think the pair is way over due for a decent pullback. It can remain elevated, but there is no real conviction that it wants to blast higher. I think the longer it stays in limbo, the deeper the retrace would be. In all honesty, 1.3715 is like a hop skip and jump form current levels.

If 1.3850 is broken, then I could reevaluate.

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When the facts change I change my mind, what do you do sir

#891,627
Apr 22, 2014 2:20am Apr 22, 2014 2:20am

Pip Anon
Joined Jan 2013 | Status: Trading defies logic | 4,643 Posts

watching these futures bounce around...just can't help but prolong that bubble

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When the facts change I change my mind, what do you do sir

#891,628
Apr 22, 2014 2:23am Apr 22, 2014 2:23am

math_GB
| Membership Revoked | Joined Aug 2012 | 8,502 Posts

Quoting Firstboss

Disliked

{quote} The gap from 8 days ago has to close in 1.3880's area before a serious down trend has a chance to form Most likely, sideways market again

Ignored

I am not a fan of gap trading but yes, all gaps are closed eventually. I just find it meaningless to chase after the gap that happened more than a week ago. I agree however that it is not the time for a decent short yet and it is a range market. Don't know how many more times it will keep bouncing around 1.3800. The non-existing vol is pissing me off terribly... Deadly slow...

#891,629
Apr 22, 2014 2:23am Apr 22, 2014 2:23am

math_GB
| Membership Revoked | Joined Aug 2012 | 8,502 Posts

Quoting Pip Anon

Disliked

{quote} Hey mate, doing well! I think the pair will be range bound between 1.37 and 1.39. I think the pair is way over due for a decent pullback. It can remain elevated, but there is no real conviction that it wants to blast higher. I think the longer it stays in limbo, the deeper the retrace would be. In all honesty, 1.3715 is like a hop skip and jump form current levels. If 1.3850 is broken, then I could reevaluate. {image}

Ignored

It doesn't want to do anything... So tight ranges these days... Trade safe mate...

#891,630
Apr 22, 2014 2:24am Apr 22, 2014 2:24am

Rtm
Joined Jan 2011 | Status: dump and pump | 4,055 Posts

Almost missed this one, was waiting like a nice little bear, had a snooze then woke up to a little rejection to my level and bam I just made it to the honey pot.

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All posts are my personal opinion

#891,631
Apr 22, 2014 2:29am Apr 22, 2014 2:29am

eqshack
Joined Jul 2011 | Status: Lord Of War | 1,853 Posts

as long as usdchf is above 0.8840 - eurusd will stay under 1.3815. I expect usdchf to hit 0.8908 and eurusd 1.3722 tomorrow

Early to bed, early to rise, keeps you healthy, wealthy and wise.

#891,632
Apr 22, 2014 2:29am Apr 22, 2014 2:29am

MaxDoom
| Commercial User | Joined Feb 2010 | 13,260 Posts

Quoting math_GB

Disliked

{quote} I am not a fan of gap trading but yes, all gaps are closed eventually. I just find it meaningless to chase after the gap that happened more than a week ago. I agree however that it is not the time for a decent short yet and it is a range market. Don't know how many more times it will keep bouncing around 1.3800. The non-existing vol is pissing me off terribly... Deadly slow...

Ignored

don't mention the gap, they are just a conspiracy

how are you doing?

#891,633
Apr 22, 2014 2:34am Apr 22, 2014 2:34am

math_GB
| Membership Revoked | Joined Aug 2012 | 8,502 Posts

Quoting MaxDoom

Disliked

{quote} don't mention the gap, they are just a conspiracy how are you doing?

Ignored

Hey man...!

All good, apologies, I didn't really want to

Same old man but many things happened tbh, will PM you later... You are still favouring shorts I assume...

#891,634
Apr 22, 2014 2:38am Apr 22, 2014 2:38am

hathor
Joined Dec 2013 | Status: Trader | 2,141 Posts

1.38200-300 can come in case of stop hunt...but should not raise higher...can be good spot for small short...

f(z)=z2+c

#891,635
Apr 22, 2014 2:48am Apr 22, 2014 2:48am

trung407923
| Membership Revoked | Joined Mar 2012 | 1,591 Posts

'i'm long 1.3798

#891,636
Apr 22, 2014 2:50am Apr 22, 2014 2:50am

MaxDoom
| Commercial User | Joined Feb 2010 | 13,260 Posts

Quoting math_GB

Disliked

{quote} Hey man...! All good, apologies, I didn't really want to Same old man but many things happened tbh, will PM you later... You are still favouring shorts I assume...

Ignored

look forward to it