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  • #133,741
  • Apr 16, 2015 6:54am Apr 16, 2015 6:54am
Quoting sisse
{quote} European morning session over in an easier than expected session. 1.063x easily held and the break back up 1,067x provided momentum as suspected. Nothing to see till the news and NY open... sisse
Hi Sisse,

Any expectation for the US data coming up today? Based on the Beige Book, construction & real estate seems doing rather well, while manufacturing side of course seems less satisfatory. I wonder, how important is the manufacturing sector for the US anyway???? Isn't the service sector supposed to be the key?

Thanks!
  • #133,742
  • Apr 16, 2015 7:00am Apr 16, 2015 7:00am
Quoting Magix
Where are the buyers and where are the sellers? {image}
Hi,
well I still buy it for cycle reversal. Think the best signs are Oil and Gold now. USD very very long term is a Bear.
I hope you guys are having fun.
GL,

T
"I know one thing, that I know nothing." Sokrates
  • #133,743
  • Apr 16, 2015 7:23am Apr 16, 2015 7:23am
Small news coming the real ones come tomorrow especially inflation and the first early macro number of the quarter. Not much to track as the play extends until the London fix.

No expectations for these mini news as they are not really relevant for the macro FA in play. On the TA side a very basic and tradable play intraday....Soft stops hanging on air at the intraday high and a run will easily propel the leg to 1.078x with max extension 1.081x for today.

Nothing new in the euro for now, so same plays, same trades, same all.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #133,744
  • Apr 16, 2015 7:51am Apr 16, 2015 7:51am
Stopped at BE on the news. Broker screwed me for a pip on one....

Gonna have to watch that.
  • #133,745
  • Apr 16, 2015 7:57am Apr 16, 2015 7:57am
I see you Queen B
  • #133,746
  • Apr 16, 2015 8:07am Apr 16, 2015 8:07am
Quoting kenfen69
Partialed again a bit earlier...going flat now...where it sits. {image} ...annnnnnnnnd...flat. No direct re-load...but full lot waiting at .7533 Play safe.
Dax massively oversold ST at 12020-12040 range..
  • #133,747
  • Apr 16, 2015 8:25am Apr 16, 2015 8:25am
Quoting sisse
Small news coming the real ones come tomorrow especially inflation and the first early macro number of the quarter.
the last piece of the puzzle for the Fed to finally follow through and gas up for lift-off. Besides the rate hike scare, only a Greek default or Grexit could turn the risk tide and we shall know more about that next week. I was surprised to see fiber supported as much as it is today, as there was a lot of talk about Greece in the press around the IMF/WB/G20 clusterfck in DC today, but maybe just sameold, sameold.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #133,748
  • Apr 16, 2015 8:29am Apr 16, 2015 8:29am
Here we go for NY with nothing new on the table.

Tracking equities that now are aligning back with dollar for later than initially expected FED hikes. Equities are the last from correlated markets that are confirming the FED hikes expectations for a lot later this year ...

GL all today...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #133,749
  • Apr 16, 2015 8:36am Apr 16, 2015 8:36am
Quoting The Fool
{quote} the last piece of the puzzle for the Fed to finally follow through and gas up for lift-off. Besides the rate hike scare, only a Greek default or Grexit could turn the risk tide and we shall know more about that next week. I was surprised to see fiber supported as much as it is today, as there was a lot of talk about Greece in the press around the IMF/WB/G20 clusterfck in DC today, but maybe just sameold, sameold.
Absolutely.

The thing about Greece is that is just noise right now. My call is that it will get back in play in June where the "can is right now after the last kick" .. until then is just background noise. Media and non specialise press are paying more attention than markets so I am ignoring it except default or something big like that...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #133,750
  • Apr 16, 2015 8:40am Apr 16, 2015 8:40am
Any of yall in UCAD?

On magix's lead, skimming through some other pairs...looks like an easy-peasy broken support - turned resistance play possible on the daily. Correlates with 50% of yesterdays candle as well. Around 1.2400

It'd have to stop bleeding first, looking unlikely. Something to watch in the days to come.
  • #133,751
  • Apr 16, 2015 8:48am Apr 16, 2015 8:48am
Quoting Pharm0r
Any of yall in UCAD? On magix's lead, skimming through some other pairs...looks like an easy-peasy broken support - turned resistance play possible on the daily. Correlates with 50% of yesterdays candle as well. Around 1.2400 It'd have to stop bleeding first, looking unlikely. Something to watch in the days to come.
have an alarm at 259x, but now that you mention it, not a bad idea.
Fail better.
  • #133,752
  • Apr 16, 2015 8:51am Apr 16, 2015 8:51am
Quoting LarryDarrell
{quote} have an alarm at 259x, but now that you mention it, not a bad idea.
2383 +- a few is the number I'm looking at

should be good for 20 or so, maybe turn into a runner

Haven't ran any fibs on it, most likely a few will correlate with it or close to if you go through the trouble
  • #133,753
  • Apr 16, 2015 9:02am Apr 16, 2015 9:02am
pretty much all clear after the news. London fix will settle the day in a few in what it seems a very early day. Targets on the high naked for the intraday play and 1.071x only level to track for the roll.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #133,754
  • Apr 16, 2015 9:07am Apr 16, 2015 9:07am
Quoting sisse
pretty much all clear after the news. London fix will settle the day in a few in what it seems a very early day. Targets on the high naked for the intraday play and 1.071x only level to track for the roll. sisse
Or maybe little lower...
  • #133,755
  • Apr 16, 2015 11:15am Apr 16, 2015 11:15am
Quoting sisse
{quote} Absolutely. The thing about Greece is that is just noise right now. My call is that it will get back in play in June where the "can is right now after the last kick" .. until then is just background noise. Media and non specialise press are paying more attention than markets so I am ignoring it except default or something big like that... sisse
Quoting The Fool
{quote} the last piece of the puzzle for the Fed to finally follow through and gas up for lift-off. Besides the rate hike scare, only a Greek default or Grexit could turn the risk tide and we shall know more about that next week. I was surprised to see fiber supported as much as it is today, as there was a lot of talk about Greece in the press around the IMF/WB/G20 clusterfck in DC today, but maybe just sameold, sameold.
In relation to that, how can it be explained that GU and EU are moving rapidly high, but GU is covering a wider range, while EG is showing a short term strength indicating a stronger Euro than Pound
  • #133,756
  • Apr 16, 2015 11:56am Apr 16, 2015 11:56am
Quoting ws121
{quote} {quote} In relation to that, how can it be explained that GU and EU are moving rapidly high, but GU is covering a wider range, while EG is showing a short term strength indicating a stronger Euro than Pound

I don't see any EURGBP tending towards EURO strength.

I do see that it is currently thwarting with the daily trend, but has been rejected on the week.

Coming into close of week and unless something fantastic happens, I don't see Euro doing any more than a relative correction.
Attached Image (click to enlarge)
Click to Enlarge Name: EGTREND.png Size: 48 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #133,757
  • Apr 16, 2015 12:02pm Apr 16, 2015 12:02pm
Quoting ws121
...while EG is showing a short term strength indicating a stronger Euro than Pound
On which TF?
Quoting ws121
In relation to that, how can it be explained that GU and EU are moving rapidly high, but GU is covering a wider range...
If EG == 1.0...EU and GU would be identical.

GBP is worth more than EUR at present. If USD is falling, both will rise against it. GBP will cover a "wider range" because it is worth more than a Euro. Anything less than 1.0 on EG will always let this ring true.

"Moving rapidly high" is a very tough thing to quantify...particularly without using some actual math for a percentage based answer. One actual bit of math to help in this case...take...

EU and divide it by EG. The answer should give you GU.

Any sense in any of that? If not...go again.
  • #133,758
  • Apr 16, 2015 12:12pm Apr 16, 2015 12:12pm
Quoting Magix
{quote} I don't see any EURGBP tending towards EURO strength.


Thought I lost it.

Banking any, wise-man?
  • #133,759
  • Apr 16, 2015 12:19pm Apr 16, 2015 12:19pm
Quoting USD-Bear
{quote} collected +171 @ 7731


Shame on me for getting weak!

Textbook, Bear...beautifully done! Hope you got a tidy % there!

  • #133,760
  • Apr 16, 2015 12:19pm Apr 16, 2015 12:19pm
Quoting kenfen69
{quote} Thought I lost it. Banking any, wise-man?
Should go back to 7750-8000 LT
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