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  • #893,861
  • Apr 30, 2014 9:58am Apr 30, 2014 9:58am
Quoting kuroro001
{quote} Checking it, meanwhile, just added a small silver long
it's interesting that silver on the 1min.....seems to like round numbers...ie look at 19.4, 19.3, 19.2 and 19.1 today........shame the spread is 2.5 pips...
Anybody know of DMA with less spread?
  • #893,862
  • Apr 30, 2014 10:01am Apr 30, 2014 10:01am
Quoting aarontdang
It will be in range from 1.3850-1.3870 Until 2:00 PM .. FOCM Statement. So I'm shorting it @ 1.3864 .. only target 10 PIPS ..Just scalp and Shorting EA @ 1.4975 It's good to short GU too .. but too afraid of GU
gu is so strong dont touch it or your hand will burn .
Get Rich or Die Tryin
  • #893,863
  • Apr 30, 2014 10:03am Apr 30, 2014 10:03am
Quoting tomspin
{quote} http://www.zerohedge.com/news/2014-0...ting-yesterday
It can go crazy either way then
COT: The precious data ignored
  • #893,864
  • Apr 30, 2014 10:05am Apr 30, 2014 10:05am
And today the price has been 'fixed' for you courtesy of Scotiabankrobbers, have a nice day y'all!!!
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  • #893,865
  • Apr 30, 2014 10:06am Apr 30, 2014 10:06am
Went 2 short at the 1,387 line will hold them till taper reduction of bonds but will definatly bail before yellen talks I don't trust her and I think she will be uber dovish to give some extra juice to the usd stock market ( p.s 0,1% premialiry gdp that's pretty sad below Europe levels lol )
Past glory means nothing on the battlefield
  • #893,866
  • Apr 30, 2014 10:06am Apr 30, 2014 10:06am
When will we say "Fasten the belts" for EUR/USD ?
  • #893,867
  • Apr 30, 2014 10:10am Apr 30, 2014 10:10am
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  • #893,868
  • Apr 30, 2014 10:14am Apr 30, 2014 10:14am
euro has just gotten with USA GDP data + Euro CPI the rockets it needed to fly above to 1.4x land.
  • #893,869
  • Apr 30, 2014 10:17am Apr 30, 2014 10:17am
Quoting Citiboy
looks like a bullish flag maybe {image}
easily
  • #893,870
  • Apr 30, 2014 10:20am Apr 30, 2014 10:20am
Quoting kuroro001
{quote} It can go crazy either way then
I like the picture in the end, must been taken when she saw yesterday the numbers that was presented today to the public!
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  • #893,871
  • Apr 30, 2014 10:20am Apr 30, 2014 10:20am
1.69 touched will start the unwinding on my GBP position as of now, also have a bearish butterfly pattern at this point on 4hr chart, not that i take too much notice but thought id give it a mention. Emergency Stops now placed at 1.6829 Entry VWAP= 1.6670

EURUSD i will hold on a bit longer but i have now moved my emergency stops to 1.3829 Entry VWAP= 1.3713


Hopefully YEllen will offer more to be happy about!

All in all its been a good April!

Gl to you all and many many green pips...
Cheers!!
  • #893,872
  • Edited 10:36am Apr 30, 2014 10:23am | Edited 10:36am
its probably best not to read to much into any particular number... eurozone cpi would have been lower had it not been for the recent rise in oil prices. More importantly The YoY comparison isnt exactly the same period either, last years April period didnt include the easter holiday. Last months number wasnt a clean comaprison either because of this same awkward scheduling of Easter holiday. True inflation is somewhere between this months number and last months number.

The big jump in services prices is payback of last months two tenths decrease, sadly flash cpi doesnt offer month over month numbers


Easter Sunday -March 31 2013
​Easter Sunday -April 20th 2014

Interesting trend lower in industrial goods though, accelerated down in the last 2 months. CNY related maybe?

http://trendersgame.com/2014/04/30/euro-99-problems/
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Twitter: @TrendersGame
  • #893,873
  • Apr 30, 2014 10:43am Apr 30, 2014 10:43am
most people sell eur and gbp . what's wrong? why is go long?
  • #893,874
  • Apr 30, 2014 10:45am Apr 30, 2014 10:45am
Quoting lqsky88
most people sell eur and gbp . what's wrong? why is go long?
because most of the time, the majority is against the big players... and they need lots of small fish to eat...
  • #893,875
  • Apr 30, 2014 10:48am Apr 30, 2014 10:48am
Quoting lqsky88
most people sell eur and gbp . what's wrong? why is go long?
as wrote here before...do the opposite from most of the ppl.. is the best indicator..

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when GOD brings you a challenge he also gives you the power to deal with it
  • #893,876
  • Apr 30, 2014 10:48am Apr 30, 2014 10:48am
Quoting BlazeHun
{quote} I like the picture in the end, must been taken when she saw yesterday the numbers that was presented today to the public! {image}
She looks a little shocked ( Wowed) but I'm sure its only because of the money The Fed was making off the move in the markets. The Big Bankers never lose!
  • #893,877
  • Apr 30, 2014 10:54am Apr 30, 2014 10:54am
Quoting lqsky88
most people sell eur and gbp . what's wrong? why is go long?

flows and fundamentals are going in opposite directions. US fundamentals for the most part have been good as of late, while Europe has been bad.

But right now, and this has been the case more or less since July 2013... markets ignore the fundamentals due to flows. Flows for european banks to deleverage in preparation for the stress test...flows related to M&A deals...and in my opinion the one that matters the most by far... China flows.

The rate of increase in their FX reserves has accelerated massively since they starting printing Yuan to buy Dollars in LAte February. Around 30-40% of the Dollars they buy are diversified into EUR and other currencies, but their main USD alternative is the EUR. (This same flow explains periphery debt rally and US treasuries stuck between 2.6% -2.8% since february).

During a period like now, when volume is low. This becomes an insurmountable flow to sell USD. This flow looks for pools of liquidity to strike, as it occurred this morning when price traded to the obvious stop loss level of 1.3780 agents of the Chinese central bank appear on dealer screens bidding for amounts that are massive in relation to the prior outstanding volume being traded. Dealers positioned to run stop losses below 1.3780 are immediately paniced to cover their shorts and go long and price then ramps 50 points in the other direction. This has happened over and over and over again in the last 2 months and will continue until the CNY intervention ends.

Once it does there is no more bid below to market to scare every one out of their shorts, and you will get the fast and clean move down(assuming the prevailing economic fundamentals and central bank policies warrant a lower EURUSD).
Twitter: @TrendersGame
  • #893,878
  • Apr 30, 2014 10:55am Apr 30, 2014 10:55am
Quoting tedsung
hmm go thinking and find your best strategy when eurusd targeting 1.3600, dont start thinking when eurusd approach 1.3600, you will be late
10 days passed...And it is moving further and further from 1.3600....You must be wrong this time.
  • #893,879
  • Apr 30, 2014 10:58am Apr 30, 2014 10:58am
Quoting Citiboy
{quote} flows and fundamentals are going in opposite directions. US fundamentals for the most part have been good as of late, while Europe has been bad. But right now, and this has been the case more or less since July 2013... markets ignore the fundamentals due to flows. Flows for european banks to deleverage in preparation for the stress test...flows related to M&A deals...and in my opinion the one that matters the most by far... China flows. The rate of increase in their FX reserves has accelerated massively since they starting printing Yuan...



great explanation!!
when GOD brings you a challenge he also gives you the power to deal with it
  • #893,880
  • Apr 30, 2014 11:13am Apr 30, 2014 11:13am
Quoting eitan1010
{quote} as wrote here before...do the opposite from most of the ppl.. is the best indicator.. {image}
Totally agree.
Love for all; Hatred for none.
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