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  • #906,501
  • Jun 24, 2014 10:22am Jun 24, 2014 10:22am
Quoting MarianneOslo
One can ask why the traders buy euro and not USD when it is a sell off of the pound
Japanese sell aussie to buy euro, Europeans sell pound to buy euro. Americans sell dollar to buy euro.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #906,502
  • Jun 24, 2014 10:23am Jun 24, 2014 10:23am
EURAUD short 1.45
  • #906,503
  • Edited 10:44am Jun 24, 2014 10:29am | Edited 10:44am
Fueled by the best consumer confident number and new house number since 2008, EU gave back its earlier gain and backed down below its 1.3600 before London closed.
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I normally would trade against the uptrend channel, but given the facts the latest ECB rate decision while daily and weekly bear trend is still intact, I see level 1.3600 is the next breaking point where favorites the bear.
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As for dollar itself, now my question is, why USDJPY is immune to the recent good data?

Pending Home, on its 3rd month rebound.
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New Home, HIGHEST since May 2008
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Consumer Confident, HIGHEST since Jan 2008
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USD/JPY on Daily, FLAT.
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If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #906,504
  • Jun 24, 2014 10:33am Jun 24, 2014 10:33am
Quoting FXSayWhat
Fueled by the best consumer confident number and new house number since 2008, EU gave back its earlier gain and backed down below its 1.3600 before London closed. I normally would trade against the uptrend channel, but given the facts the latest ECB rate decision while daily and weekly bear trend is still intact, I see level 1.3600 is the next breaking point where favorites the bear. {image} Now my question is, why USDJPY is immunes to the recent good data? Pending Home {image} New Home, HIGHEST since May 2008 {image} Consumer Confident, HIGHEST...
Because UJ doesnt move based on Housing data, could really give less of shit. UJ is risk sensitive to risk on/risk off sentiment so equity fundamental data much more important than US housing data.
All posts are my personal opinion
  • #906,505
  • Jun 24, 2014 10:54am Jun 24, 2014 10:54am
Quoting Rtm
{quote} Because UJ doesnt move based on Housing data, could really give less of shit. UJ is risk sensitive to risk on/risk off sentiment so equity fundamental data much more important than US housing data.
The latest 2 FOMC statements stated US economy is undergoing a weak recovery from housing and retail and that was one of the a few reasons clear rate hike decision was put on pending / muddy.

In this case, a better than expected housing and consumer confident would show impact on dollar, however, today, i did not see any.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #906,506
  • Jun 24, 2014 10:57am Jun 24, 2014 10:57am
WTF
  • #906,507
  • Jun 24, 2014 10:58am Jun 24, 2014 10:58am
she is back up, what happened news?
  • #906,508
  • Jun 24, 2014 10:58am Jun 24, 2014 10:58am
Just after finishing my daily reports I got another 10 pips with my earlier last long for the day.

That´s nice, thank you Mr. Market
  • #906,509
  • Jun 24, 2014 11:00am Jun 24, 2014 11:00am
took a long at 3584 looked away ...looked back and there's a pop..
  • #906,510
  • Jun 24, 2014 11:01am Jun 24, 2014 11:01am
Today so far i was able to identify the small cycles. One short and one long position. Successfully closed.

My strategy once i identify the end of cycle then it is sure that market will move 10 pips in opposite direction.
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Love for all; Hatred for none.
  • #906,511
  • Jun 24, 2014 11:02am Jun 24, 2014 11:02am
Quoting SnaveForex
took a long at 3584 looked away ...looked back and there's a pop..
Bank your profits as it wont last long.
  • #906,512
  • Jun 24, 2014 11:02am Jun 24, 2014 11:02am
If you looked at EU right before this little "pop" on the 1hr it was set to close green( which it did), but on 15m it was moving done. It looks like 1 hr trumps the lower tf. So we got our small pop upward. I would expect it to settle in now.
Banks scalp, why don't you?
  • #906,513
  • Jun 24, 2014 11:03am Jun 24, 2014 11:03am
What is news?
  • #906,514
  • Jun 24, 2014 11:03am Jun 24, 2014 11:03am
the big players have placed their bets all over between 3584 3626...............we should test 32 and beyond
  • #906,515
  • Jun 24, 2014 11:03am Jun 24, 2014 11:03am
nice pips :-))) now i took short from 1,3611 target 1,3590
"I'm not answering stupid questions."
  • #906,516
  • Jun 24, 2014 11:03am Jun 24, 2014 11:03am
Quoting investing101
she is back up, what happened news?

apart from italy gettin knocked outta the worldcup, not aware of any other news
  • #906,517
  • Jun 24, 2014 11:04am Jun 24, 2014 11:04am
Quoting ffleo
{quote} Japanese sell aussie to buy euro, Europeans sell pound to buy euro. Americans sell dollar to buy euro.
Europeans should be proud that their currency is the hottest girl in club. Well done Draghi & Co.
  • #906,518
  • Jun 24, 2014 11:04am Jun 24, 2014 11:04am
Quoting ffleo
{quote} Japanese sell aussie to buy euro, Europeans sell pound to buy euro. Americans sell dollar to buy euro.
I am very excited about 20 pips pop to prove what I just said.

Shit, I should expect more.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #906,519
  • Jun 24, 2014 11:05am Jun 24, 2014 11:05am
my opinion when i see data of economy ... EUR/USD will be bearish for while .. i think to end of week
"I'm not answering stupid questions."
  • #906,520
  • Jun 24, 2014 11:05am Jun 24, 2014 11:05am
Quoting mamalujo
{quote} apart from italy gettin knocked outta the worldcup, not aware of any other news
No news at all. Looks like simple price action. If you look at it on a bigger scale that move really isn't anything serious. We have now formed a cup with the price action from earlier. So now we should expect the handle (Accumulation) then a pull back
Banks scalp, why don't you?
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