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  • #964,601
  • Feb 27, 2015 4:08am Feb 27, 2015 4:08am
Quoting MaxDoom
nice short break out level building at 1.128x coincides with Daily-S1 and Weekly-S1 and last weeks low zone.... {image}
so that move was about 100 pips after the break.... I managed to get 70% of it so worked out well

I am currently waiting to see if we get rejection and a short opportunity at the D-PP level 1.1253 otherwise it is short below 1.1197 or 1.1183 depending on the PA. No trades in between these levels and no point getting wedded to positions at the moment as the potential upside to 1.16xx still exists which I posted a while back now here: http://www.forexfactory.com/showthre...70#post8063970
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Click to Enlarge Name: 2015 EU Feb 27a.PNG Size: 18 KB
  • #964,602
  • Feb 27, 2015 4:09am Feb 27, 2015 4:09am
Dollar index the reference to complement our charts here. We're looking at continuation in dollar strength as 95 holds.
  • #964,603
  • Feb 27, 2015 4:09am Feb 27, 2015 4:09am
Quoting janpec1000
183.87 GJ short.
Closed +10.
  • #964,604
  • Feb 27, 2015 4:11am Feb 27, 2015 4:11am
Quoting MaxDoom
{quote} so that move was about 100 pips after the break.... I managed to get 70% of it so worked out well I am currently waiting to see if we get rejection and a short opportunity at the D-PP level 1.1253 otherwise it is short below 1.1197 or 1.1183 depending on the PA. No trades in between these levels and no point getting wedded to positions at the moment as the potential upside to 1.16xx still exists which I posted a while back now here: http://www.forexfactory.com/showthre...70#post8063970 {image}
Its interesting to see someone trade breakouts for a change on this thread Takes more skills to do so.
  • #964,605
  • Feb 27, 2015 4:14am Feb 27, 2015 4:14am
Quoting janpec1000
{quote} Its interesting to see someone trade breakouts for a change on this thread Takes more skills to do so.
breakouts are fairly easy to trade, the trick as always is having the discipline to be ignore the poorer quality setups.
  • #964,606
  • Feb 27, 2015 4:15am Feb 27, 2015 4:15am
Quoting Likerty
{quote} Buying in 1.1190's suggests 1.19xx for correction and probably 1.22 later.. Hesitation around 1.1256/8 and 1.1297 would confirm this.. For USD weakness to proceed I'm also looking for U/J to leave 119.38 for good and Gold staying above 1201
1.22xx its a wide call for now. You maybe jumping the gun by a bit on that one plus despite the technicals we will need some help from fundamentals in the short term (days/week).

I see what you mean with that leg. I also have it in the back of my mind. However, I would wait for the monthly close first, to complete this leg and more importantly check the next couple of numbers from the US starting today with GDP. A deterioration of US numbers (especially next NFP before FED) and uptick in Europe macro numbers with the "Greek" cloud gone (until June) may trigger the pullback in dollar before we get the full swing on rate hikes.

Dollar will be in the driver sit until the hikes because the ECB its out of play short term. Rates, QE and risk are cleared for the next couple of months in the EuroZone....

Lets see
Pending conversations? PM for a chat...I am mainly in OTM now
  • #964,607
  • Feb 27, 2015 4:16am Feb 27, 2015 4:16am
Quoting amgm2609
sell signal on EU M30
quite a strong one it seems...

targeting 11960
  • #964,608
  • Feb 27, 2015 4:19am Feb 27, 2015 4:19am
Quoting sisse
{quote} 1.22xx its a wide call for now. You maybe jumping the gun by a bit on that one plus despite the technicals we will need some help from fundamentals in the short term (days/week). I see what you mean with that leg. I also have it in the back of my mind. However, I would wait for the monthly close first, to complete this leg and more importantly check the next couple of numbers from the US starting today with GDP. A deterioration of US numbers (especially next NFP before FED) and uptick in Europe macro numbers with the "Greek" cloud gone (until...
Greek 'cloud' to keep EU low until mid of March. Gov't to request a payment delay from IMF due to low funds. Might be considered as a credit event.
  • #964,609
  • Feb 27, 2015 4:30am Feb 27, 2015 4:30am
Quoting sakisf
{quote} Greek 'cloud' to keep EU low until mid of March. Gov't to request a payment delay from IMF due to low funds. Might be considered as a credit event.
Sure we can have some spasms from Greece but Greece its pretty much irrelevant for trading. We have been living with Greece (trading wise) the last 5+ years, markets have long mastered how to deal with it. Plus and more importantly there are a lot more important REAL factors in play (hikes, commodities and deflation).

My 2 cents, don't pay too much attention to it anymore and focus in the real factors affecting the pair....btw (Germany just approved the bailout).

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #964,610
  • Feb 27, 2015 4:31am Feb 27, 2015 4:31am
Quoting amgm2609
{quote} quite a strong one it seems... targeting 11960
invalid now
  • #964,611
  • Feb 27, 2015 4:32am Feb 27, 2015 4:32am
Quoting 21vs7
concerning uj and japan. on the roll at 119,4x as one of the levels to look in aSSia cpi so one needs to be carefull overall picture seems ok. hard to play this level from the spot. in front of the news and not beeing around will skip this
we just had one test of this level again during europa
lets see, rejection looks ok ok
  • #964,612
  • Feb 27, 2015 4:33am Feb 27, 2015 4:33am
Quoting sisse
{quote} Sure we can have some spasms from Greece but Greece its pretty much irrelevant for trading. We have been living with Greece (trading wise) the last 5+ years, markets have long mastered how to deal with it. Plus and more importantly there are a lot more important REAL factors in play (hikes, commodities and deflation). My 2 cents, don't pay too much attention to it anymore and focus in the real factors affecting the pair....btw (Germany just approved the bailout). sisse
Was just saying as per a report a few minutes ago about an emergency meeting of the cabinet here (29 minutes ago) with regards to the next IMF payment. Saw the German news but this was already a done deal.
  • #964,613
  • Feb 27, 2015 4:37am Feb 27, 2015 4:37am
Hi, good morning. At least for me,.. got cut a bit on GU while sleeping and deleveraged BE, while UJ hit another long entry at 119,13. Eur/Gbp - only chart with correction against me... but is the most important one , hope it stops. EU hoping ,127 for short... GU as said 5346 would be perf, but cant have everything.
GL today, T

Quoting PayTheLimit
am long the aussie now, trying for 7840
Nice. I hope you hit, H1 is close and seems wanna have a look there.
"I know one thing, that I know nothing." Sokrates
  • #964,614
  • Feb 27, 2015 4:38am Feb 27, 2015 4:38am
well concerning greece my 2 cents.. the deal was already done part is true, but lots of negative views in ger considering greek bailout.
concerning the greek story and trading of it. whereas fix income guys trading it around 9% and the whole market is around 0 it seems a big deal and a major risk factor. still. especially where there is a limited solution to the problem. limited also from the ECB buying programme. If I am rightly aware
  • #964,615
  • Feb 27, 2015 4:40am Feb 27, 2015 4:40am
Quoting sisse
{quote} 1.22xx its a wide call for now. You maybe jumping the gun by a bit on that one plus despite the technicals we will need some help from fundamentals in the short term (days/week). I see what you mean with that leg. I also have it in the back of my mind. However, I would wait for the monthly close first, to complete this leg and more importantly check the next couple of numbers from the US starting today with GDP. A deterioration of US numbers (especially next NFP before FED) and uptick in Europe macro numbers with the "Greek" cloud gone (until...
Where are you looking for monthly close to be decided at? I would expect this obvious reference point to be brought higher in order to make next week's plays at a greater distance from the risk limits.. Many eyes are tracking 1.1280/320's for short plays so all the choppyness in between these and say - monthly close around 250's (or higher) would make a fine screw-out range...
69
  • #964,616
  • Feb 27, 2015 4:44am Feb 27, 2015 4:44am
Quoting janpec1000
{quote} Closed +10.
?
If you are new to Forex? Say Goodbye to your account!!
  • #964,617
  • Feb 27, 2015 4:46am Feb 27, 2015 4:46am
added half again on s cable pig
  • #964,618
  • Edited 4:57am Feb 27, 2015 4:46am | Edited 4:57am
Quoting 21vs7
well concerning greece my 2 cents.. the deal was already done part is true, but lots of negative views in ger considering greek bailout. concerning the greek story and trading of it. whereas fix income guys trading it around 9% and the whole market is around 0 it seems a big deal and a major risk factor. still. especially where there is a limited solution to the problem. limited also from the ECB buying programme. If I am rightly aware
Whats up mate, aint problems in Greece kicked in far?
Quoting sisse
{quote} Sure we can have some spasms from Greece but Greece its pretty much irrelevant for trading.
same page. Just spasms

Sisse, you think good idea to buy Dax with GDP incoming?

I dust did.

Quoting 21vs7
added half again on s cable pig
Think I have just bought it from you.
"I know one thing, that I know nothing." Sokrates
  • #964,619
  • Feb 27, 2015 4:50am Feb 27, 2015 4:50am
Only IF they will be able to brake 30, next stop is 60 - 30p moves as usual.
  • #964,620
  • Feb 27, 2015 4:55am Feb 27, 2015 4:55am
Quoting KiwiTrada
{quote} ?
Back to you: ?
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