youre 160 pips away!
Why?
- #906,822
- Jun 25, 2014 12:07pm Jun 25, 2014 12:07pm
{quote} last night took a quick EU short to 1.3600 and closed before its rebound from 1.3600. Only 7 pips tho. I hate to say but it seems like 1.3600 has formed a bottom this morning. However, my (short) fundamental analysis does not match the current price action, so i would still be really careful when I place my next long position.
Focus, Patience, Determination & Order in chaos
- #906,824
- Jun 25, 2014 12:22pm Jun 25, 2014 12:22pm
{quote} Now?or lower?
The bears ran out of steam on that pair.EURUSD short I am still holding on to. USD is picking up steam. EUR is still up as well, that's why EU isn't going anywhere at the moment. But US is coming from the bottom and EUR is at the top.. soon they will cross, thats when the pair will move south (if/when they cross).
Focus, Patience, Determination & Order in chaos
- #906,828
- Jun 25, 2014 12:39pm Jun 25, 2014 12:39pm
- Joined Oct 2013 | Status: Trader | 1,929 Posts
{quote} Time for the TP
You might think i am too greedy targeting 1.9000, but I say GBPNZD is just being GBPNZD.
Thanks for the heads up tho on taking profit.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return:
35.8%
- #906,829
- Jun 25, 2014 12:43pm Jun 25, 2014 12:43pm
- | Joined Dec 2011 | Status: Trader | 2,927 Posts
How -2,9% fit here I have no idea.This is really bad number - basically pre recession level, very strange if one look at housing, employment and rising inflation and tamtaraaam SP at ATH. However If I would be a fortuneteller I would back my tin hat theory that they will come back to the program.
Now imagine negative GDP and some bs about rising rates.
Now imagine negative GDP and some bs about rising rates.
swing it!
- #906,830
- Jun 25, 2014 12:45pm Jun 25, 2014 12:45pm
{quote} I am taking this home, saver. I sense this leg down is different. Judging by the candle, it is possible it's heading for a lower low or maybe 1.9000. You might think i am too greedy targeting 1.9000, but I say GBPNZD is just being GBPNZD. Thanks for the heads up tho on taking profit.
Well good for you! 
Focus, Patience, Determination & Order in chaos
- #906,831
- Jun 25, 2014 12:47pm Jun 25, 2014 12:47pm
- | Joined Aug 2012 | Status: Trader, baker, candlestick maker! | 728 Posts
How -2,9% fit here I have no idea.This is really bad number - basically pre recession level, very strange if one look at housing, employment and rising inflation and tamtaraaam SP at ATH. However If I would be a fortuneteller I would back my tin hat theory that they will come back to the program. Now imagine negative GDP and some bs about rising rates.
tom, don't let that number mislead you man, it's because of the harsh winter plus the Obamacare plan in the budget, someone posted an article from zerohedge, more than useful, explaining why today's GDP is not as horrible as it looks, but I can't find it now, I think saver0 had it
- #906,832
- Jun 25, 2014 12:49pm Jun 25, 2014 12:49pm
- Joined Oct 2013 | Status: Trader | 1,929 Posts
Now i am not sure if anyone read the news this morning on US GDP release.
US Q1 GDP hit a stunning "-2.9%", my take is this reading is definitely pushing pack Fed's rate hike decision; therefore, USDJPY will continue range between 101 and 103 or even go lower than 101 due to this GDP reading.
This is why EU jumped during New York section, but has this GDP reading changed ECB's latest monetary policy. No, at least nothing I have read yet.
Is EU still bearish? I am not so sure since the uncertainty is now lay in dollar and probably would take a few more days for market to digest this shocking GDP reading.
US Q1 GDP hit a stunning "-2.9%", my take is this reading is definitely pushing pack Fed's rate hike decision; therefore, USDJPY will continue range between 101 and 103 or even go lower than 101 due to this GDP reading.
This is why EU jumped during New York section, but has this GDP reading changed ECB's latest monetary policy. No, at least nothing I have read yet.
Is EU still bearish? I am not so sure since the uncertainty is now lay in dollar and probably would take a few more days for market to digest this shocking GDP reading.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return:
35.8%
- #906,833
- Jun 25, 2014 12:52pm Jun 25, 2014 12:52pm
- | Joined Aug 2012 | Status: Trader, baker, candlestick maker! | 728 Posts
Now i am not sure if anyone read the news this morning on US GDP release. US Q1 GDP hit a stunning "-2.9%", my take is this reading is definitely pushing pack Fed's rate hike decision; therefore, USDJPY will continue range between 101 and 103 or even go lower than 101 due to this GDP reading. {image} This is why EU jumped during New York section, but has this GDP reading changed ECB's latest monetary policy. No, at least nothing I have read yet. Is EU still bearish? I am not so sure since the uncertainty is now lay in dollar and probably would take...
FXSW
it was bad but not shocking, really I watched closely Yellens speech a few days ago and they were expecting a red number, let it a few days and it will be back on track 
- #906,834
- Edited 1:24pm Jun 25, 2014 1:02pm | Edited 1:24pm
- Joined Oct 2013 | Status: Trader | 1,929 Posts
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return:
35.8%
- #906,835
- Jun 25, 2014 1:13pm Jun 25, 2014 1:13pm
- | Commercial User | Joined Jul 2013 | 7,881 Posts
We watch the charts from every angle so you don't have to!!
- #906,836
- Jun 25, 2014 1:29pm Jun 25, 2014 1:29pm
- | Membership Revoked | Joined Jul 2012 | 4,197 Posts
So, Yellen was correct - the inflation reading in USA was just noise ... otherwise, you have to accept that real US GDP for Q1 is = -4.9% ( Nominal GDP - Inflation)
* So, even if GDP Q2 / Q3 managed somehow to rebound, its hard to see how the USA economy is going to meet the Feds projection of 2.1% / 2.3% 2014 ( This mean they gonna have to revise it lower, again )
* So, even if GDP Q2 / Q3 managed somehow to rebound, its hard to see how the USA economy is going to meet the Feds projection of 2.1% / 2.3% 2014 ( This mean they gonna have to revise it lower, again )
"It's the Margin, Stupid."
- #906,837
- Jun 25, 2014 1:34pm Jun 25, 2014 1:34pm
- Joined Oct 2013 | Status: Trader | 1,929 Posts
{quote} Going for another 400 pips??
I normally do not keep positions over the weekend especially for the something has the volatility as GBPNZD unless i have over 300 pips in green.
My only chance of scoring another 400 pips would be Asian section and London section would aggressively this take out the current support level. Anything sign of slowing down upon this level would be against me and probably form some sorta rebound after.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return:
35.8%
- #906,838
- Jun 25, 2014 1:45pm Jun 25, 2014 1:45pm
- | Membership Revoked | Joined Jul 2012 | 4,197 Posts
"It's the Margin, Stupid."
- #906,839
- Jun 25, 2014 1:53pm Jun 25, 2014 1:53pm
- | Commercial User | Joined Jul 2013 | 7,881 Posts
We watch the charts from every angle so you don't have to!!
- #906,840
- Jun 25, 2014 2:06pm Jun 25, 2014 2:06pm
- | Membership Revoked | Joined Jun 2011 | 2,124 Posts
fokyou forexfactory