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  • #961,481
  • Feb 19, 2015 3:01am Feb 19, 2015 3:01am
Quoting sisse
{quote} As expected Europe riding the latest news from yesterday (the 3 movers were made after Europe went home...). A rather important European session from a technical point of view. A run above latest intraday highs in the opening range (1.145x) can trigger a first and very decent assault to stops on the highs that can extend as high as 1.154x (and even 1.161x if the run strong below stops). Crunching time for bears in the euro this morning. On the news front we have some new report coming on the ECB meeting notes. I don't know what to make of...

Yesterday's poor PPI numbers are levelling the deflation debate for a bit, any other week and France's numbers would have gotten us a reaction. A dovish FED report that in all honesty was 3 weeks old are given us food for thought here. Greece will get a deal, they can't not give them one. A quiet run upto 1600 is well in the cards here.

I spend a bit of time in the last few days looking in depth into the Greek proposals and reading not just what is published on the mainstream media and I must admit even though I disagree with his their left leaning viewpoints, that the Greeks are taking this seriously and have forwarded well thought out and reasoned proposals and objections. I don't see that measured responce from the EC, just soundbites.

There is a leaked letter from Varoufakis addressed to Dijsselbloem that is well worth reading, I disagree with some items in there as I am a capitalist, but for a Socialist viewpoint it is well written and researched. There are also some op-ed pieces well worth reading.

They are not the principled objectors most see them as, there is actually quite some substance to their side of the debate.
A contrarian; I always disagree.
  • #961,482
  • Feb 19, 2015 3:01am Feb 19, 2015 3:01am
Quoting MaxDoom
{quote} there is upside potential before new lows that should materialize unless there is significant negative news imo Weekly Pivot 1.1379 Monthly Pivot / top range 1.1497 Main target zone 1.1610 to 1.169x that said I am currently flat... {image}
nothing has changed from this
  • #961,483
  • Feb 19, 2015 3:02am Feb 19, 2015 3:02am
Quoting sisse
{quote} GL mate... main issue IMO is Greece final knee jerk reaction. Yesterday was quasi confirmed deal right before FOMC but today we will get the official confirmation of the extension loan blah blah ... problem is that bastards are riding the news so we could get a exhaustion final spike on news confirmation that can kill lots of shorts (except the major with deep pockets) ... In tech words, 1.145x may be protected option wise until the NY cut so they will need to crack it v early this morning for any move down, but if Europe fails, the final...

The first step was taken yesterday with the ELA extension, the rest will follow.
A contrarian; I always disagree.
  • #961,484
  • Feb 19, 2015 3:03am Feb 19, 2015 3:03am
Newsflash: ECB denies discussing capital controls for Greece
That means capital controls are coming soon
used to be undecided but nowadays can't make my mind up
  • #961,485
  • Feb 19, 2015 3:04am Feb 19, 2015 3:04am
enough of this sucker shit time for some bull action
If you are new to Forex? Say Goodbye to your account!!
  • #961,486
  • Feb 19, 2015 3:05am Feb 19, 2015 3:05am
Quoting goldfinch
{quote} Yesterday's poor PPI numbers are levelling the deflation debate for a bit, any other week and France's numbers would have gotten us a reaction. A dovish FED report that in all honesty was 3 weeks old are given us food for thought here. Greece will get a deal, they can't not give them one. A quiet run upto 1600 is well in the cards here. I spend a bit of time in the last few days looking in depth into the Greek proposals and reading not just what is published on the mainstream media and I must admit even though I disagree with his their left...
v. good post ...

I would only add in the Greek front: don't forget the short term extension loan for today ... that is the actual kicking the can down the road confirmation we are all waiting (traders i mean) for ...for the actual real deal, well we'll talk in 6 months and probably with another technicality last minute option to keep extending the problem as long as necessary in hope things turn around with QE and the economy recovering a bit...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #961,487
  • Feb 19, 2015 3:06am Feb 19, 2015 3:06am
Quoting Chicky
{quote} Thick Lines.
Yeah ok, sorry. My bad.
My signature is: "Classified".
  • #961,488
  • Feb 19, 2015 3:06am Feb 19, 2015 3:06am
Quoting sisse
{quote} GL mate... main issue IMO is Greece final knee jerk reaction. Yesterday was quasi confirmed deal right before FOMC but today we will get the official confirmation of the extension loan blah blah ... problem is that bastards are riding the news so we could get a exhaustion final spike on news confirmation that can kill lots of shorts (except the major with deep pockets) ... In tech words, 1.145x may be protected option wise until the NY cut so they will need to crack it v early this morning for any move down, but if Europe fails, the final...
Thanks sissi, hear you, just USD driven idea if it want higher levels then now is the time imo, stop already at -10 won't pay more
Don't be a hero. Don't have an ego. Always question yourself
  • #961,489
  • Feb 19, 2015 3:06am Feb 19, 2015 3:06am
Quoting sisse
{quote} GL mate... main issue IMO is Greece final knee jerk reaction. Yesterday was quasi confirmed deal right before FOMC but today we will get the official confirmation of the extension loan blah blah ... problem is that bastards are riding the news so we could get a exhaustion final spike on news confirmation that can kill lots of shorts (except the major with deep pockets) ... In tech words, 1.145x may be protected option wise until the NY cut so they will need to crack it v early this morning for any move down, but if Europe fails, the final...
Does 1.16339 sound insane
A good trader follows his rules, but great trader knows when to break them
  • #961,490
  • Feb 19, 2015 3:08am Feb 19, 2015 3:08am
Quoting rehorst
{quote} Listen to this about once a year. https://www.youtube.com/watch?v=NL8H...0ECCB3&index=3
He was one of the best. I especially like it when someone asked him how he can keep on living with all the apparent shit. He said its a matter of becoming a spectator. An amused spectator. Him and Bill Hicks would have made a helluva team.
My signature is: "Classified".
  • #961,491
  • Feb 19, 2015 3:08am Feb 19, 2015 3:08am
look at yuoroXXXXX
  • #961,492
  • Feb 19, 2015 3:09am Feb 19, 2015 3:09am
Quoting ill_be_back
{quote} Does 1.16339 sound insane
Not at all. I am screaming that for last couple of weeks but market don't listen to me
  • #961,493
  • Feb 19, 2015 3:10am Feb 19, 2015 3:10am
Quoting sisse
{quote} v. good post ... I would only add in the Greek front: don't forget the short term extension loan for today ... that is the actual kicking the can down the road confirmation we are all waiting (traders i mean) for ...for the actual real deal, well we'll talk in 6 months and probably with another technicality last minute option to keep extending the problem as long as necessary in hope things turn around with QE and the economy recovering a bit... sisse
A six month extension with the ECB buying Greek debt in July would be a perfect kicking scenario for everyone. It gives the new government time to prove itself and lets Germany of the hook for a bit. Six months is a long time in politics, most people will have moved on to other things by then.
A contrarian; I always disagree.
  • #961,494
  • Feb 19, 2015 3:10am Feb 19, 2015 3:10am
Quoting ill_be_back
{quote} Does 1.16339 sound insane
For what is worth, I got 1.161x as max extension marginally open with a run of hard and major stops at 1.154x

Quoting USD-Bear
{quote} Thanks sissi, hear you, just USD driven idea if it want higher levels then now is the time imo, stop already at -10 won't pay more
I know, dollar its ready in my books. Euro its just holding for the last kicks ...

In any case opening range completed ...all on board ...lets check later before the ECB reports ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #961,495
  • Feb 19, 2015 3:10am Feb 19, 2015 3:10am
Quoting Magicmen
{quote} Not at all. I am screaming that for last couple of weeks but market don't listen to me
Today Market will listen to you
A good trader follows his rules, but great trader knows when to break them
  • #961,496
  • Feb 19, 2015 3:12am Feb 19, 2015 3:12am
Quoting ill_be_back
{quote} Does 1.16339 sound insane
Doesn't sound insane at all, just don't expect a straight run, there will be lots of resistance on the way up, we have longer term late comers on the sell side and plenty of range traders that will have natural stops up there.

1.16xx will be a trend change and will get us out of this range so expect plenty to fight it.
A contrarian; I always disagree.
  • #961,497
  • Feb 19, 2015 3:12am Feb 19, 2015 3:12am
market is a little over reacting to the statement from fed last night.... Fed only assured the general population of rate hiks in q3 which almost every bank has been guessing for.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #961,498
  • Feb 19, 2015 3:13am Feb 19, 2015 3:13am
Quoting ill_be_back
{quote} Today Market will listen to you
Today market will listen to you... and do the complete opposite.
They always want to f*#k us...

  • #961,499
  • Feb 19, 2015 3:14am Feb 19, 2015 3:14am
Quoting amgm2609
short (aggregated) @ 1.14203 (highest short - 1.14460) tp 1.13330 sl till i run out of equity

edit: aggregated shorts now @ 1.14309
  • #961,500
  • Feb 19, 2015 3:15am Feb 19, 2015 3:15am
Quoting Magicmen
{quote} Not at all. I am screaming that for last couple of weeks but market don't listen to me

I have been saying the same thing all year, the thing is though there are plenty of loud illinformed retailers and lots more hangeronners here who keep screaming for parity.

The quiet ones just get on with it and see the loudmouths as entertainment. Just trade your chart, just because others can't read them, don't be swayed by their silly posts and rantings here. In the end it is all about making money not agreeing with some anonymous retailer here.

I have been saying for 2 months to forget about parity and to ignore the perma shorters, guess who is making money and who isn't......
A contrarian; I always disagree.
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