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EURUSD

  • #996,801
  • Jun 3, 2015 6:50am Jun 3, 2015 6:50am
ADP and ECB should tell the story, Im sitting short from 1.1160. I think we have a long way down.
Twitter: @TrendersGame
  • #996,802
  • Jun 3, 2015 6:50am Jun 3, 2015 6:50am
Quoting csubbra
{quote} then trade both direction.... . sure win or draw

i dont know man...

i am looking to buy euro...

i saw some sucker down there...lot of stop...

1.1055
  • #996,803
  • Jun 3, 2015 6:51am Jun 3, 2015 6:51am
Quoting Nfp
i am so nervous.... too many high impact news... this will be crazy...selection should be hard...
Yes, too many in a single day....
  • #996,804
  • Jun 3, 2015 6:52am Jun 3, 2015 6:52am
Quoting gatorinla
{quote} no time to read.. i always had the Italian banks contagion in mind and so on
This is the interesting part to me:

Todays moves are indicative of thin market, but also a market where the players involved have shifted significantly over the last year. Banks barely have human traders after the FX price fixing scandal, and dont take prop positions as much as they used to due to regulatory risk and capital requirements. Trading algorithms dominate execution of trades, and most hedge funds use model strategies based on momentum. Given this market structure, once EURUSD rose above 1.1100 there were no sellers in sight as momentum driven hedge funds were instantly stopped out as price ran towards 1.1200 in a matter of seconds. Just as early as 2012 when I worked on the FX desk at Citi, it was common to see human FX traders taking short term discretionary bets. Dealers would be selling just ahead of big offers in the order book or buying just as a client is asking where they can buy a big chunk(thats legal). These types of trades were very valuable to market liquidity because bank traders were the only source of large discretionary(as opposed to momentum models) flow. Traders could step in, sell 40 or 50 million Euros on a hunch and cover it 15 pips lower.
This type of trading is going extinct, leaving only a very small retail community and corporations as the only market participants that arent using models or algos. With nobody around to step in front of markets anymore that has enough money to stop these flash crashes, this type of thing will only become more common.

The rest is here (courtesy of Citiboy) http://trendersgame.com/2015/06/02/g...iquidity-bomb/
  • #996,805
  • Jun 3, 2015 6:53am Jun 3, 2015 6:53am
Going for a bias long for xau @8.15am ADP... US time...
  • #996,806
  • Jun 3, 2015 6:55am Jun 3, 2015 6:55am
I can see EU may reach 1.17. GL
  • #996,807
  • Jun 3, 2015 6:55am Jun 3, 2015 6:55am
German Fin Ministry's Jaeger: Greece presenting list of proposals was surprise; Greek creditors' proposal isn't "formalized" yet.
  • #996,808
  • Jun 3, 2015 6:57am Jun 3, 2015 6:57am
is this an excerpt or do you think like this ?

Quoting MissPips
{quote} This is the interesting part to me: Todays moves are indicative of thin market, but also a market where the players involved have shifted significantly over the last year. Banks barely have human traders after the FX price fixing scandal, and dont take prop positions as much as they used to due to regulatory risk and capital requirements. Trading algorithms dominate execution of trades, and most hedge funds use model strategies based on momentum. Given this market structure, once EURUSD rose above 1.1100 there were no sellers in sight as...
  • #996,809
  • Jun 3, 2015 6:59am Jun 3, 2015 6:59am
Quoting Pharm0r
Wow 15 hours since my last post and we're on the same topic still...
  • #996,810
  • Jun 3, 2015 7:02am Jun 3, 2015 7:02am
Quoting MissPips
{quote} This is the interesting part to me: Todays moves are indicative of thin market, but also a market where the players involved have shifted significantly over the last year. Banks barely have human traders after the FX price fixing scandal, and dont take prop positions as much as they used to due to regulatory risk and capital requirements. Trading algorithms dominate execution of trades, and most hedge funds use model strategies based on momentum. Given this market structure, once EURUSD rose above 1.1100 there were no sellers in sight as...
Should that be true, your method of securing a few pips at a time quickly (jumping in and out intraday) will become more and more viable in the future as well. I'm personally trying to move in that direction. 10 pips for 2% seems more viable than 150 pips for the same.
  • #996,811
  • Jun 3, 2015 7:02am Jun 3, 2015 7:02am
Quoting MissPips
{quote} This is the interesting part to me: Todays moves are indicative of thin market, but also a market where the players involved have shifted significantly over the last year. Banks barely have human traders after the FX price fixing scandal, and dont take prop positions as much as they used to due to regulatory risk and capital requirements. Trading algorithms dominate execution of trades, and most hedge funds use model strategies based on momentum. Given this market structure, once EURUSD rose above 1.1100 there were no sellers in sight as...
it will be in the news each month,until ecb and imf gives them a thousand year balloon,
those who can, do. those who cant, talk about those who can
  • #996,812
  • Jun 3, 2015 7:05am Jun 3, 2015 7:05am
Going to try another long here, was SL before................todays high could be 1.1236, after that 1.1256
  • #996,813
  • Jun 3, 2015 7:06am Jun 3, 2015 7:06am
Hi Guys.
Do you think EU is going below 1.110 today?
Tks
  • #996,814
  • Jun 3, 2015 7:08am Jun 3, 2015 7:08am
Overheard someone say this morning that he is expecting EURUSD to close at 1.2200 today....

Not very likely but would be awesome
  • #996,815
  • Jun 3, 2015 7:08am Jun 3, 2015 7:08am
Quoting verified
is this an excerpt or do you think like this ? {quote}
It's from the article (quoted as courtesy of Citiboy) in the link
  • #996,816
  • Jun 3, 2015 7:08am Jun 3, 2015 7:08am
not going to touch EU in any ways ...oredi hedged it
  • #996,817
  • Jun 3, 2015 7:08am Jun 3, 2015 7:08am
Quoting scali
Hi Guys. Do you think EU is going below 1.110 today? Tks
depends on Draghi
  • #996,818
  • Jun 3, 2015 7:10am Jun 3, 2015 7:10am
thanks, i wanted to know because i read most of your postings. this one was not clear to me.
Quoting MissPips
{quote} It's from the article (quoted as courtesy of Citiboy) in the link
  • #996,819
  • Jun 3, 2015 7:10am Jun 3, 2015 7:10am
US data in 5 minutes...
"The Public Sucks" - George Carlin
  • #996,820
  • Jun 3, 2015 7:10am Jun 3, 2015 7:10am
Quoting gatorinla
{quote} it will be in the news each month,until ecb and imf give them a thousand year balloon,
Yeah, that part agree, just standard. To me the interesting part of the article was the description of how the market participants have changed since 2012 due to the effects of all the scandals/regulatory legislation, and possible effects on that of how the market moves now/ will move in the future, compared to how it used to.
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