We'll see where this will go
- #897,563
- May 14, 2014 7:20am May 14, 2014 7:20am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
ppi in 10mins, flat to slightly green, but is it enough to move this market??
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- #897,564
- May 14, 2014 7:32am May 14, 2014 7:32am
- | Commercial User | Joined Feb 2010 | 13,260 Posts
ppi in 10mins, flat to slightly green, but is it enough to move this market??
- #897,566
- May 14, 2014 7:41am May 14, 2014 7:41am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
{quote} added to shorts on the news, but impact seems limited atm
watching swissy daily she pierced a nice falling tl, and weekly looks like a nice double bottom forming, still a long way to go but May trades looking pretty nice across the board, not keen to add here and stuff them up
kiwi and aussie pushing up into dangerous territory, cable and geppy have done "bloody beautiful, no complaints so far
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- #897,567
- May 14, 2014 7:41am May 14, 2014 7:41am
- | Joined Apr 2011 | Status: Trader | 1,152 Posts
MMMYYYKKK
- #897,568
- May 14, 2014 7:43am May 14, 2014 7:43am
- | Joined Apr 2011 | Status: Trader | 1,152 Posts
MMMYYYKKK
- #897,569
- May 14, 2014 7:50am May 14, 2014 7:50am
- | Commercial User | Joined Feb 2010 | 13,260 Posts
{quote} Do you think Buba will have an impact later today? Does he normally? Not familiar with his work, asides the obvious... {image}
welt conference is not a place where new policy information is announced, however, the ears will be open for references to the strength of the euro and any further hints about actions or timescales so there may be some reaction in the rates
- #897,570
- May 14, 2014 7:51am May 14, 2014 7:51am
- | Commercial User | Joined Feb 2010 | 13,260 Posts
{quote} hey max, just watching around here, any gains will just be moving stops watching swissy daily she pierced a nice falling tl, and weekly looks like a nice double bottom forming, still a long way to go but May trades looking pretty nice across the board, not keen to add here and stuff them up kiwi and aussie pushing up into dangerous territory, cable and geppy have done "bloody beautiful, no complaints so far
- #897,572
- May 14, 2014 8:01am May 14, 2014 8:01am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
{quote} I understand that, always good to get some home runs going
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OK guys this is my take...
IF price continues south and we get a break (even by just 1 pip) of 1.3670 then my medium term forecast will shift from bullish to bearish and I will be implementing pending short orders in the market around 1.38 levels. So, if this scenario does happen i expect from this level (1.3670 about) that price will bounce hard towards the 1.38 levels where we should then see a strong decline in price with targets 1.35 and even lower.
IF we do not get a break of 1.3670/50 and merely even a touch of this price only, i will fear this to be a market bear trap and bulls could then take control of the reigns once again.
So, if we reach 1.38+ levels before 1.3670 i would then only wait for a correction (perhaps back to 1.37) and then likely BUY with a stop reverse below 1.3670
I like to plan like this even if am wrong as it enables me to avoid emotional trades and stick to the plan.
That's me and that's my plan and i am sticking to it!
IF price continues south and we get a break (even by just 1 pip) of 1.3670 then my medium term forecast will shift from bullish to bearish and I will be implementing pending short orders in the market around 1.38 levels. So, if this scenario does happen i expect from this level (1.3670 about) that price will bounce hard towards the 1.38 levels where we should then see a strong decline in price with targets 1.35 and even lower.
IF we do not get a break of 1.3670/50 and merely even a touch of this price only, i will fear this to be a market bear trap and bulls could then take control of the reigns once again.
So, if we reach 1.38+ levels before 1.3670 i would then only wait for a correction (perhaps back to 1.37) and then likely BUY with a stop reverse below 1.3670
I like to plan like this even if am wrong as it enables me to avoid emotional trades and stick to the plan.
That's me and that's my plan and i am sticking to it!
Cheers!!
- #897,576
- May 14, 2014 8:17am May 14, 2014 8:17am
{quote} hopefully you understand that buba is not a person but a nickname for a certain organisation - just google it
I actually got that pic from googling, I guess some bub's are more popular than others 
Thanks for the info, fingers crossed for some interesting hints to get the PA going today then.
- #897,577
- May 14, 2014 8:20am May 14, 2014 8:20am
- | Commercial User | Joined Feb 2010 | 13,260 Posts
{quote} my view is simple: until US recovery is not in a self sustaining growth path, we will see eurousd in uptrend. Uptrend is also possible after that if EU economy stabilizes. To be attractive EU needs only stability while US needs fast paced growth.
and of course time will tell
- #897,578
- May 14, 2014 8:28am May 14, 2014 8:28am
- | Joined Jan 2010 | Status: Trader | 1,638 Posts
{quote} well we differ in our view but that is fine otherwise there would be no market
- #897,580
- May 14, 2014 8:58am May 14, 2014 8:58am
- Joined Dec 2013 | Status: Trader | 2,141 Posts
f(z)=z2+c