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EUR/CHF

  • #11,781
  • May 2, 2014 6:07am May 2, 2014 6:07am
The reason I am asking is it may spike down if good and so will be a good chance to get in for the move up again. Any reason to not set 2/3 pending orders 10 pips pips apart on the way down, like 2190,80,70?

thanks for the info!
  • #11,782
  • May 2, 2014 6:44am May 2, 2014 6:44am
Quoting duderoo1
The reason I am asking is it may spike down if good and so will be a good chance to get in for the move up again. Any reason to not set 2/3 pending orders 10 pips pips apart on the way down, like 2190,80,70? thanks for the info!
sure, ders always a reason to not do anything, you cud have those pending longs at those levels and price could still drop further. we really dont know what actual nfp data would be, so for me i'd wait, if there wasnt nfp today, i'd definitely long around 2183/2175 region.
  • #11,783
  • May 2, 2014 7:11am May 2, 2014 7:11am
Ok cool, lets wait and see.
  • #11,784
  • May 2, 2014 7:50am May 2, 2014 7:50am
Damn, missed opportunity there.
  • #11,785
  • May 2, 2014 7:52am May 2, 2014 7:52am
Quoting duderoo1
Damn, missed opportunity there.
yeah, big miss, but its part of the biz.
  • #11,786
  • May 2, 2014 10:10am May 2, 2014 10:10am
NFP gains wiped out
  • #11,787
  • May 2, 2014 12:26pm May 2, 2014 12:26pm
Quoting mamalujo
{quote} yeah, big miss, but its part of the biz.
You buying at this level 2179?
  • #11,788
  • May 2, 2014 1:01pm May 2, 2014 1:01pm
Quoting duderoo1
{quote} You buying at this level 2179?
You have a lot to learn, not to trade against the market mentality and momentum. This kind of drop in EC and UC after the NFP spike reminds me to some extent of the drop to 1.0 and 0.70, ofcourse both will not go that far but the same kind of market mood, very dangerous to trade against!!!! Nothing will stop unless new week, day or some counter news!! that is not expected to be in NewYork Session ending hour!!
Do not long before 1.2150s and 1.2110s later on(when 1.2150 breaks), believe me, not worth it at all(even if it spikes now to 1.25), must trade the logic, not pray for miracles and the unknown factors!!
UC going to 0.8740-50, EC must be some 1.2150s, the biggest shift will be if UC breaks 0.8740, means going down badly, EC will follow to 1.2110s and lower later on.
Trade according to current market condition, not what you think would be.
  • #11,789
  • May 2, 2014 1:06pm May 2, 2014 1:06pm
Quoting J.Clinton
{quote} You have a lot to learn, not to trade against the market mentality and momentum. This kind of drop in EC and UC after the NFP spike reminds me to some extent of the drop to 1.0 and 0.70, ofcourse both will not go that far but the same kind of market mood, very dangerous to trade against!!!! Nothing will stop unless new week, day or some counter news!! that is not expected to be in NewYork Session ending hour!! Do not long before 1.2150s and 1.2110s later on(when 1.2150 breaks), believe me, not worth it at all(even if it spikes now to 1.25),...
Here to learn, thanks for the info. So a sit and wait scenario.
  • #11,790
  • May 2, 2014 1:31pm May 2, 2014 1:31pm
Quoting duderoo1
{quote} Here to learn, thanks for the info. So a sit and wait scenario.
This is the best to do. I know that there's a level of 1.2173-74-75 some bulls are betting on, but that means longing EC at some 1.2178(including spread), holding EC long 1.2178 in weekend is bad if it opens a down gap on Sunday. If want to make remarkable profit from it, EC must go up 1.2183-85 for a pray of 1.22 and more again, and all that will not be before next week!! This is why best to wait for 1.2150s for a better positioning, if it doesn't come, who cares, preventing loss is winning too in the long run
Trade according to current market condition, not what you think would be.
  • #11,791
  • May 2, 2014 1:41pm May 2, 2014 1:41pm
Quoting duderoo1
{quote} You buying at this level 2179?

yep, took a bit of long from 2175, however, seeing ukraine/russia crises dragged it down post nfp, there still could be some downside to this pair, plus its friday, monday might open with a gap down. like i said earlier price having broken the tl down to 2175, 2180 may now act as resistance.
  • #11,792
  • May 2, 2014 1:53pm May 2, 2014 1:53pm
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  • #11,793
  • May 2, 2014 2:05pm May 2, 2014 2:05pm
Quoting J.Clinton
{quote} This is the best to do. I know that there's a level of 1.2173-74-75 some bulls are betting on, but that means longing EC at some 1.2178(including spread), holding EC long 1.2178 in weekend is bad if it opens a down gap on Sunday. If want to make remarkable profit from it, EC must go up 1.2183-85 for a pray of 1.22 and more again, and all that will not be before next week!! This is why best to wait for 1.2150s for a better positioning, if it doesn't come, who cares, preventing loss is winning too in the long run
Trading very small so can add
  • #11,794
  • May 4, 2014 3:13pm May 4, 2014 3:13pm
As it stands now a small gap down
  • #11,795
  • May 4, 2014 3:24pm May 4, 2014 3:24pm
Yes but for sure we will see this pair on 1.2150 or 1.2120 ... last candle is sign for that plus escalation Ukraine civil war !
  • #11,796
  • May 6, 2014 8:09am May 6, 2014 8:09am
167 pips from the floor
  • #11,797
  • May 7, 2014 12:36am May 7, 2014 12:36am
Hadn't ever shorted EC in the frequency of these past days. Several times from late 1.2170s - first 1.2180s and TP down at first 1.2170s and late 1.2160s.
Weird feeling of shorting EC makes me relaxed more than longs on these levels, despite it was very disgusting see the BS hold too much at 1.2165-70.
Betting on a drop to the 1.2150s to start my longs instead, a break there gonna find it 1.2110s to above 1.21, there will be my super heavy longs.
Trade according to current market condition, not what you think would be.
  • #11,798
  • May 7, 2014 12:39am May 7, 2014 12:39am
Quoting brinks
167 pips from the floor
Looks you are not longing EC and would not start before around the peg, if it ever goes there
Trade according to current market condition, not what you think would be.
  • #11,799
  • Edited 4:28am May 7, 2014 12:45am | Edited 4:28am
Quoting J.Clinton
{quote} Looks you are not longing EC and would not start before around the peg, if it ever goes there

Hi

As you do,I don't see the value or feel comfortable shorting EC I will be going long around the 1.21 area if we ever see it maybe even 1.21300.

what really bothers me with this pair is before Ukraine started up it was heading down even with a better outlook for the euro as I said before the selling pressure is relentless.

As we know it follows usd/chf so if the ECB do something to weaken the euro either this month or next will the EC jump up or will it hang around at these levels
  • #11,800
  • May 7, 2014 10:04am May 7, 2014 10:04am
Good time for selling

short @1,21878

asta la vista
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