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  • #967,581
  • Mar 11, 2015 7:21am Mar 11, 2015 7:21am
Added some shorts @ 1.0599 sl 1.09. Just for fun
  • #967,582
  • Mar 11, 2015 7:24am Mar 11, 2015 7:24am
Watching for a test of yesterday's breakout area

nice trade Ken
  • #967,583
  • Mar 11, 2015 7:29am Mar 11, 2015 7:29am
I think that 1.05 or 1.056 can be a short term bottom and that oil price movements will determine the direction of EUR/USD over next couple of months. The key question for me is will Cushing fill up or will the summer driving season push crude prices higher? My two cents
  • #967,584
  • Mar 11, 2015 7:29am Mar 11, 2015 7:29am
Quoting Pharm0r
{quote} tp? I'm watching 0589/0602 & 0676 higher up for weakness
There's nothing from the low to 1.07xx but who knows new sellers jump in

Let's see

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  • #967,585
  • Mar 11, 2015 7:30am Mar 11, 2015 7:30am
Quoting namitak007
{quote} but why?????

Cos that was the next support, plus Ironfx daily review also has that level as s1, so I took that as a 2nd opinion even though eurusd is clearly on a downtrend, at somepoint it must retrace b4 a further drop.


Meanwhile the trade seems to be doin good, its done about 50 pips.
  • #967,586
  • Mar 11, 2015 7:32am Mar 11, 2015 7:32am
expecting somewhere near 1.041xx

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  • #967,587
  • Mar 11, 2015 7:34am Mar 11, 2015 7:34am
resistence 10665 - 90
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  • #967,588
  • Mar 11, 2015 7:35am Mar 11, 2015 7:35am
Quoting Ken A
{quote} There's nothing from the low to 1.07xx but who knows new sellers jump in Let's see {image}
Believe we see 1.07+ today.
  • #967,589
  • Mar 11, 2015 7:36am Mar 11, 2015 7:36am
Quoting Dano12
resistence 10665 - 90 {image}
0665 WILL BE FIRST HURDLE. DO NOT expect price to go above open level. 0700
Intraday only.
  • #967,590
  • Mar 11, 2015 7:37am Mar 11, 2015 7:37am
Quoting Ck87
{quote} Believe we see 1.07+ today.
Not sure, all I am seeing XXXUSD are moving in the same direction atm
  • #967,591
  • Mar 11, 2015 7:41am Mar 11, 2015 7:41am
Upward move wasn't good on my short position......got burnt a good 30pips
I'm not taking a position in this mess....

What's your take in this?
  • #967,592
  • Mar 11, 2015 7:49am Mar 11, 2015 7:49am
Quoting navk
{quote} 0665 WILL BE FIRST HURDLE. DO NOT expect price to go above open level. 0700
Shorted and 25 +
Intraday only.
  • #967,593
  • Mar 11, 2015 7:56am Mar 11, 2015 7:56am
Lost some in longs, anyways got my act quickly and booked 40 + in long, 25 + in short.

Still --- today.
Intraday only.
  • #967,594
  • Mar 11, 2015 7:57am Mar 11, 2015 7:57am
Shorted and got 150+ pips, Its starting to 'drop it like its hot' all over again.
  • #967,595
  • Mar 11, 2015 8:01am Mar 11, 2015 8:01am
Quote
mean if EURUSD 1.053x support holds in daily/weekly then the Fed meeting leaving interest rates the same or lowering them will mean 1.066x to 1.082x levels are possible ?

First we are not playing changes in rates for this meeting, we are playing the expectations of rate hikes. Don't confuse these 2 things as the implications for trading are very different.

Quote
And this would be the Fed meeting The March 18, 2015 2:00pm USD FOMC Economic Projections USD FOMC Statement USD Federal Funds Rate Thanks

Second. Yes that is the next FED announcement.

Quoting Borg
{quote} Hello sisse: I'm not quite sure I understand what you are saying exactly. Does Well as long as 1.053x hold in daily/weekly, the 1.066x to 1.082x play is wide open for the FED meeting.
Quote
And does A clean break [seriously doubt] before will open clean sweep in weekly and unlock parity again with the confirmation of FED on hikes. mean if EURUSD breaks below 1.053x before the Fed meeting then reaching parity is likely especially if the Fed hikes interest rates ?

Now to your questions let me rephrase the 2 options:

  1. If you want to trade that FED is NOT GOING to HIKE RATES in JUNE/JULY as its currently being assume after the latest job numbers [NFP] the 1.066x to 1.082 is open for trading until the confirmation from the FED.
  2. If you want to trade that the FED is GOING TO CONFIRM the HIKES in JUNE/JULY (e.g taking out "patience" in the wording). The level to track is 1.053x. That level is the last Fundamental Support (...e.g. a fundamental support is done by S or R areas made BY RATE differentials in the past) before PARITY. A break will open the leg to parity ...

The "flip" level in that area until then is 1.066x.... so I was implying to choose your poison but don't get sucked into tiny micro Tfs at these levels because we are trading AIR. (AIR means ...12 year untested levels so mainly suckers will try to fade outside of the extremes or mid of the range with micro TFs...)

I hope it helps....

sisse

Pending conversations? PM for a chat...I am mainly in OTM now
  • #967,596
  • Mar 11, 2015 8:02am Mar 11, 2015 8:02am
Quoting Ck87
{quote} Believe we see 1.07+ today.
you are a believer. i appreciate u
Attached Image
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #967,597
  • Mar 11, 2015 8:04am Mar 11, 2015 8:04am
Quoting sgkrishn
{quote} you are a believer. i appreciate u {image}
Not longing, more wishful thinking so I can short higher. Appreciate you too.
  • #967,598
  • Mar 11, 2015 8:06am Mar 11, 2015 8:06am
Quoting Ck87
{quote} Not longing, more wishful thinking so I can short higher. Appreciate you too.
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #967,599
  • Mar 11, 2015 8:11am Mar 11, 2015 8:11am
Aussie now taking lead. GU pretty close, EU could should follow, wouldnt mind brutal UJ finish.
"I know one thing, that I know nothing." Sokrates
  • #967,600
  • Mar 11, 2015 8:15am Mar 11, 2015 8:15am
Quoting Ck87
{quote} Not longing, more wishful thinking so I can short higher. Appreciate you too.
where you intend to short ? This FIBO is .. there but..
Intraday only.
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