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  • #895,841
  • May 8, 2014 2:19am May 8, 2014 2:19am
Quoting BlazeHun
Bad data from Germany = Yuro up. As usual!
Everybody is lined up thinking about the recent improvement in Southern Europe but a few days ago OECD cut its growth rate estimates for countries such as Spain and Italy while calling for extra stimulus in EZ. Situation is very confusing but I believe OECD is right.
  • #895,842
  • May 8, 2014 2:19am May 8, 2014 2:19am
Quoting BlazeHun
Bad data from Germany = Yuro up. As usual!
I have been thinking lately a lot trying to figure out why and it comes to ironically a simple sentence by Yellen

Yellen told U.S. lawmakers the Fed will keep rates near zero for a “considerable time” after it ends its bond-buying program

Markets take advantage of vagueness.I am certain its intentionally vague. Dollar bulls are not doing well because of it and perhaps that's the intent keeping dollar weak.
On the other side Draghi does concern about low inflation and continued Euro strength will hurt prospects of EZ recovery.
My bet is on USD that ECB will cave in.
In trading, you have to be defensive and aggressive at the same time
  • #895,843
  • May 8, 2014 2:20am May 8, 2014 2:20am
Usa on the top almost, but nikkei225
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More on my Blog...
  • #895,844
  • May 8, 2014 2:21am May 8, 2014 2:21am
I am still watching UJ reversal signs. Still unconfirmed.
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As the lights go by so too do the shadows move
  • #895,845
  • May 8, 2014 2:33am May 8, 2014 2:33am
Quoting blazehun
bad data from germany = yuro up. As usual!

manipulation from thieves

  • #895,846
  • May 8, 2014 2:35am May 8, 2014 2:35am
Quoting BlazeHun
Bad data from Germany = Yuro up. As usual!
Thats usual when people insist in taking care of news ... instead of maths
  • #895,847
  • May 8, 2014 2:39am May 8, 2014 2:39am
Quoting rbetancor
{quote} Thats usual when people insist in taking care of news ... instead of maths
cool people do math
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  • #895,848
  • May 8, 2014 2:52am May 8, 2014 2:52am
Quoting 21vs7
{quote} cool people do math {image} {image}
Jajjaja ... Yes, it's funny do maths ... do you know 'Numbers' ? ... I love that serie
  • #895,849
  • May 8, 2014 2:52am May 8, 2014 2:52am
Quoting rbetancor
{quote} Thats usual when people insist in taking care of news ... instead of maths
make sure you make the right calculations then. Don't think that maths helped you much yesterday. My maths starts and ends with Fibonacci...the other maths skills I use are for risk management...and that's enough for me.
  • #895,850
  • May 8, 2014 2:55am May 8, 2014 2:55am
Well ... today maths remains the same ... except for JPY pairs ... I canceled all pendings on JPY pairs, they will give us a better, and hope lower, entry.

For our beloved EU, numbers tells ... 1.38923-1.38839 it's the entry zone for goint to 1.3972-1.4043 ... so pending buys setups and now ... do other tasks, no need to waste the time looking at the screen.
  • #895,851
  • May 8, 2014 2:58am May 8, 2014 2:58am
IF we will finish today the butterfly, which target is at 1.400xx, than

- the most ideal zone for longs by technical view would be: 1.38846-1.39000

- butterfly still would have a nice shape if we turn somewhere at: 1.38650-1.38846

- under 1.38600 the move will be suspicious for me - but that not means that it can't go up, cause bulls invalidation point is under 1.38116-1.38353 zone, just the retracement would be too deep.

But remember, today Mario eats the polka dotted mushroom, so anything can happen, be careful and peace!
f(z)=z2+c
  • #895,852
  • May 8, 2014 3:01am May 8, 2014 3:01am
Quoting Greener
{quote} make sure you make the right calculations then. Don't think that maths helped you much yesterday. My maths starts and ends with Fibonacci...the other maths skills I use are for risk management...and that's enough for me.
I don't know you ... but for me, they helpme to calc partial exits of past-week longs
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  • #895,853
  • May 8, 2014 3:04am May 8, 2014 3:04am
Quoting rbetancor
{quote} Jajjaja ... Yes, it's funny do maths ... do you know 'Numbers' ? ... I love that serie
Ill check it
  • #895,854
  • May 8, 2014 3:07am May 8, 2014 3:07am
Quoting rbetancor
{quote} I don't know you ... but for me, they helpme to calc partial exits of past-week longs {image}
I tried many methods and all I can say they all work up to a point. Now when I reach that point I spend some time to find something else that works. Like in evolution, it's not the most intelligent species that survives but the most adaptable to change.
  • #895,855
  • May 8, 2014 3:15am May 8, 2014 3:15am
debating for over 10 pips extra and here i got more than 10 pips extra from 1.39

got sled once again...
ARGO fu*k yourself....
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #895,856
  • May 8, 2014 3:17am May 8, 2014 3:17am
I don't expect any news from Draghi today. Only words but any concrete mesure. So we may see punctually up/down movements but nothing dramatic.
  • #895,857
  • May 8, 2014 3:19am May 8, 2014 3:19am
It's likely that EUR/USD will test 1.4000 level today. According to my analysis there is strong resistance between 1.3975-1.4000.
1.3900 should act as a support.
  • #895,858
  • May 8, 2014 3:19am May 8, 2014 3:19am
Quoting Greener
{quote} I tried many methods and all I can say they all work up to a point. Now when I reach that point I spend some time to find something else that works. Like in evolution, it's not the most intelligent species that survives but the most adaptable to change.
Of couse ...

Look at my past 24h post, or maybe it's now 30h ago ... EU buy entry was missed yesterday by 6 pips or so ... and now could be +25up, doesn't matter.

Seems that H1 on EU it's doing a FLAT before the news ... I expect a pullback to the 1.3886-1.3870 zone and higher ... BUT NOT GOING short ... EU it's not for shorting, no more than intraday shorts scapls, for 20-40 pips
  • #895,859
  • May 8, 2014 3:25am May 8, 2014 3:25am
Hello EUR/US

You would think a pending short at 1.40

Would be a safe bet

Might do one at 1.405

what are all the punters doing
  • #895,860
  • May 8, 2014 3:32am May 8, 2014 3:32am
I am short @ 1.3924 targeting 1.3880 on the back of the OECD report earlier this week sharply criticising the ECB and Draghi's response to low inflation. I think we might hear something more substantial from the press conference today. Anyway just my 2 cents for today might be a bit of a gamble guess we will see.
"Don't get caught trading wheat in the corn pit"
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