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  • #902,461
  • Jun 4, 2014 12:37pm Jun 4, 2014 12:37pm
Quoting Magicmen
{quote} At present @3624
Hmm, dont seems to have movement to get there.. :/
  • #902,462
  • Jun 4, 2014 12:38pm Jun 4, 2014 12:38pm
Quoting tomspin
{quote} I was a euro bull mate, went neutral after COT, don't know maybe its naive but showed 1.20 before draghi before and now boys at merc fliped sides after that, hard to predict where it'll go however I will go after futures and abandon this strategy or come back with "I told you so" bs.
I don't understand this sentence ...

In any case, well both Longs and shorts position currently have a sip of gambling. The ECB doesn't vote on rate cuts/ hikes every day, they have two meetings per month. The first one is going to be tomorrow, dominated by monetary policy decisions and the other one - unannounced regarding internal banking issues. So, whether you are buying or selling - no decision has been taking yet. You can't have a rate decision without the governing council meeting and vote .. so, whether it's a yes or a no, it hasn't been decided yet!
"It's the Margin, Stupid."
  • #902,463
  • Jun 4, 2014 12:55pm Jun 4, 2014 12:55pm
Quoting Vachus
{quote} Speculations? Hmm ... hardly a group of gamblers could effect the supply & demand of a specific currency or how it's valued against another! If this was the case, economies would collapse in a blink of an eye. However, speculation that could front run a macro change or sometimes cause it is a different story. Since you have wasted so much time to try to understand the possible effect of a rate cut, on a currency ... why haven't u used the last 4 rate cuts on EURUSD and draw us a nice picture on the chart ?! Use as many as u can to support...
Yup I just wasted a couple minutes and pull out a monthly chart. This market is driven by speculation. Not strictly by rate. A whole year time span that rate and spot go complete opposite way is not long enough??

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ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #902,464
  • Jun 4, 2014 1:07pm Jun 4, 2014 1:07pm
Quoting Vachus
{quote} I don't understand this sentence ... In any case, well both Longs and shorts position currently have a sip of gambling. The ECB doesn't vote on rate cuts/ hikes every day, they have two meetings per month. The first one is going to be tomorrow, dominated by monetary policy decisions and the other one - unannounced regarding internal banking issues. So, whether you are buying or selling - no decision has been taking yet. You can't have a rate decision without the governing council meeting and vote .. so, whether it's a yes or a no,...
PA often moves before funds official release, Happened before he opened his mouth with infamous whatevs, and non coms became buyers after that, they where sellers for a brief moment just ones at 1.37 feb 2013 I wanted to sell but I was not sure about this strategy, Gator wanted as well but he was concerned about BOJ easing atm.
Just wanted to point out important sentiment shift
You do not trade against merc crowd!

I am waiting as well, official is official
swing it!
  • #902,465
  • Jun 4, 2014 1:13pm Jun 4, 2014 1:13pm
Quoting Nan-ook
{quote} Hmm, dont seems to have movement to get there.. :/
Wait for asia
  • #902,466
  • Jun 4, 2014 1:21pm Jun 4, 2014 1:21pm
Quoting tomspin
{quote} Just wanted to point out important sentiment shift You do not trade against merc crowd!
You are welcome, if you have a good hold of it - i can only wish you the best of luck towards whatever decision ... I'm not usually intimidated by big crowds or banks of whatever everyone is doing, and i'm not afraid of looking like a fool - going against a very big wave, like the one we are having now! If i have good reasons to sell the hell of EU or i think market is going into the wrong direction, i will bet on it - till i'm proved wrong ...

You can't a swing a position and expect results tomorrow morning or a bloody nose from time to time - i got married to the Yen trade 3 months before i see it rising, 4 months on the Canadian trade at 1.02 and got bored only for it to rise 6 months later and others ..
"It's the Margin, Stupid."
  • #902,467
  • Edited 1:52pm Jun 4, 2014 1:22pm | Edited 1:52pm
Quoting tomspin
{quote} PA often moves before funds official release, Happened before he opened his mouth with infamous whatevs, and non coms became buyers after that, they where sellers for a brief moment just ones at 1.37 feb 2013 I wanted to sell but I was not sure about this strategy, Gator wanted as well but he was concerned about BOJ easing atm. Just wanted to point out important sentiment shift You do not trade against merc crowd! I am waiting as well, official is official
non comms/investment banks selling could be orchestrated by central banks...in other words no connection with reality but only to price levels probably to contain effect of ECB decision. However, the only thing you could do is to follow PA and check COT on Friday.
  • #902,468
  • Jun 4, 2014 1:25pm Jun 4, 2014 1:25pm
Quoting Magicmen
{quote} Wait for asia
I have a bad feeling that Asia will sink it more :/
  • #902,469
  • Jun 4, 2014 1:30pm Jun 4, 2014 1:30pm
Gidday EUR/US

Got a few longs to 1.368 TP

in the system,

An a 3 shorts running to 1.355 1,35

We should expect some good spikes

I will use this to clear the chart

an start again.
  • #902,470
  • Jun 4, 2014 1:42pm Jun 4, 2014 1:42pm
Quoting chazzle
most of the position on at 8130 - some ammo left to add higher or lower (not too low) - next step: 8160 - out of here , gl all
EG H1 W1

ended up with this - but just bailed on all of it - will wait for better bullish PA before re-entering

8158 key level res. as marked with 8073 as support, so will consider bounces in the range or break/retest of the upper level
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  • #902,471
  • Jun 4, 2014 1:52pm Jun 4, 2014 1:52pm
Quoting fxjawn
{quote} sup chazz?
Jon, what's going on? have you seen that lanky Irish bastard Ken around?
  • #902,472
  • Jun 4, 2014 3:30pm Jun 4, 2014 3:30pm
sos, one mans speculation is another mans fools trade or vice verse
those who can, do. those who cant, talk about those who can
  • #902,473
  • Jun 4, 2014 3:31pm Jun 4, 2014 3:31pm
Quoting gatorinla
sos, one man speculation is another mans fools trade or vice verse
Gatorinla, how do you see this now, in Asia time, up, down?
  • #902,474
  • Jun 4, 2014 3:43pm Jun 4, 2014 3:43pm
Quoting Nan-ook
{quote} Gatorinla, how do you see this now, in Asia time, up, down?
not trading,, unless it gets to 358x w/o a LL. i long there with a tight stop. the same near 3649 for a short.. on my hands atm. i got some pending shorts 3711 75 3832 just in case she bounces before news. other then that catching up on "house of cards"
those who can, do. those who cant, talk about those who can
  • #902,475
  • Jun 4, 2014 3:46pm Jun 4, 2014 3:46pm
Quoting gatorinla
{quote} not trading,, unless it gets to 358x w/o a LL. i long there with a tight stop. the same near 3649 for a short.. on my hands atm. i got some pending shorts 3711 75 3832 just in case she bounces before news. other then that catching up on "house of cards"
Thanks fow your view ,o)
  • #902,476
  • Edited 4:11pm Jun 4, 2014 3:50pm | Edited 4:11pm
Bullshit after bullshit... It will clear Max's very proud shorts first and then go down... 1.3850 - 1.3910 in sight... Yeah, eat your shorts...Oh yeah eat them...

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  • #902,477
  • Jun 4, 2014 3:59pm Jun 4, 2014 3:59pm
Quoting Nan-ook
{quote} Thanks fow your view ,o)
took a uj short earlier ,, if all goes right i will tp 98.5x
those who can, do. those who cant, talk about those who can
  • #902,478
  • Jun 4, 2014 4:04pm Jun 4, 2014 4:04pm
Quoting gatorinla
{quote} took a uj short earlier ,, if all goes right i will tp 98.5x
I am there short too, but, it can stil bounce to 103..
  • #902,479
  • Jun 4, 2014 4:12pm Jun 4, 2014 4:12pm
long 1,3598, sl 1,3588 tp 1,3618
  • #902,480
  • Jun 4, 2014 4:13pm Jun 4, 2014 4:13pm
Quoting RomanBubenik
long 1,3598, sl 1,3588 tp 1,3618
SL too tight mate... Just saying...
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