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EURUSD

  • #1,068,001
  • May 24, 2016 3:26am May 24, 2016 3:26am
Quoting zapiron
me the same. Let's see... {quote}
keep tight sl below weekly 20 sma
  • #1,068,002
  • May 24, 2016 3:28am May 24, 2016 3:28am
Quoting PatienceFx
{quote} sl 1.1170
damn
  • #1,068,003
  • May 24, 2016 3:34am May 24, 2016 3:34am
attempting long again at 1174 sl 1164 tp 1194 this time
  • #1,068,004
  • May 24, 2016 3:39am May 24, 2016 3:39am
Quoting PatienceFx
attempting long again at 1174 sl 1164 tp 1194 this time
modified tp to yesterday low 1187
  • #1,068,005
  • May 24, 2016 3:42am May 24, 2016 3:42am
Quoting PatienceFx
{quote} modified tp to yesterday low 1187
I still with my order... my SL is @ 1160. I think we will see 1220 again this week.
  • #1,068,006
  • May 24, 2016 3:55am May 24, 2016 3:55am
Quoting TeddyBearish
Today is much more interesting than I supposed. Will we go back to 1.12 and above today or is this elevation point definitely captured by bears?
I knew it, dollar was strong. The correction was just a technical option. Sharp down move below 1.1200, apparently without any trigger from the newswires. Though, Harker (Fed) repeats the hawkish message of fomc colleagues. I'll keep the short longer, even if it rises back at 1.1200
Member
  • #1,068,007
  • May 24, 2016 4:02am May 24, 2016 4:02am
Didn't move 2 pips after news. Bad numbers already in the price. lol
  • #1,068,008
  • May 24, 2016 4:06am May 24, 2016 4:06am
Quoting TudorIoan
{quote} I knew it, dollar was strong. The correction was just a technical option. Sharp down move below 1.1200, apparently without any trigger from the newswires. Though, Harker (Fed) repeats the hawkish message of fomc colleagues. I'll keep the short longer, even if it rises back at 1.1200
It looks like a monetary intervention. Somebody has bought a huge amount of USD very fast. It means the intention was probably to influence exchange rates, not to build his long USD position patiently.
Patience is a key to joy.
  • #1,068,009
  • May 24, 2016 4:10am May 24, 2016 4:10am
Quoting zapiron
{quote} I still with my order... my SL is @ 1160. I think we will see 1220 again this week.
excellent A+
  • #1,068,010
  • May 24, 2016 4:14am May 24, 2016 4:14am
Quoting TeddyBearish
{quote} It looks like a monetary intervention. Somebody has bought a huge amount of USD very fast. It means the intention was probably to influence exchange rates, not to build his long USD position patiently.
...or it was just kind of news leakage about bad numbers and the drop was priced in? (see Nabs trader pertinent remark on reaction after readings)

...then a happy cable pulled everybody's risk apetite up against the dollar
Member
  • #1,068,011
  • May 24, 2016 4:26am May 24, 2016 4:26am
Quoting TudorIoan
{quote} ...or it was just kind of news leakage about bad numbers and the drop was priced in? (see Nabs trader pertinent remark on reaction after readings)
I have no doubt that some big players are "better informed" but the market reaction after the readings would confirmed the new price level or moved the price lower in such a case. Or do you think that all of the big players were "better informed"?
Patience is a key to joy.
  • #1,068,012
  • May 24, 2016 4:27am May 24, 2016 4:27am
Quoting TudorIoan
{quote} ...then a happy cable pulled everybody's risk apetite up against the dollar
Okay, it should be true.
Patience is a key to joy.
  • #1,068,013
  • May 24, 2016 4:31am May 24, 2016 4:31am
Quoting TudorIoan
{quote} ...or it was just kind of news leakage about bad numbers and the drop was priced in? (see Nabs trader pertinent remark on reaction after readings) ...then a happy cable pulled everybody's risk apetite up against the dollar
in my opinion the focus was divided between Brexit with the FED ...
connection Cable with Fiber, if the UK stays joining the EU, it is good for Fiber n bad for Cable, if the UK out its bad for Fiber n good for Cable...
Libenter homines id quod volunt credunt
  • #1,068,014
  • May 24, 2016 4:33am May 24, 2016 4:33am
Quoting TeddyBearish
{quote} I have no doubt that some big players are "better informed" but the market reaction after the readings would confirmed the new price level or moved the price lower in such a case. Or do you think that all of the big players were "better informed"?
perheaps just few big ones were informed and then the others followed by contagion ...never mind, what's next? LOL

Quoting baliprada
{quote} in my opinion the focus was divided between Brexit with the FED ... connection Cable with Fiber, if the UK stays joining the EU, it is good for Fiber n bad for Cable, if the UK out its bad for Fiber n good for Cable...
Obviously, the Brexit has influence on EU ...been disscussed here, the current 55% for stay pulled the cable up nicely ...but we didn't figured out what caused the major drop today ...so you say that first was Fed (down) then "Bremain" (up), one at a time?
Member
  • #1,068,015
  • May 24, 2016 4:48am May 24, 2016 4:48am
Quoting PatienceFx
{quote} modified tp to yesterday low 1187
TP HIT TRADE CLOSED
  • #1,068,016
  • May 24, 2016 4:52am May 24, 2016 4:52am
further extension down anyone?
  • #1,068,017
  • May 24, 2016 4:53am May 24, 2016 4:53am
Quoting TudorIoan
{quote} perheaps just few big ones were informed and then the others followed by contagion ...never mind, what's next? LOL {quote} Obviously, the Brexit has influence on EU ...been disscussed here, the current 55% for stay pulled the cable up nicely ...but we didn't figured out what caused the major drop today ...so you say that first was Fed (down) then "Bremain" (up), one at a time?
USDJPY dropped a lot yesterday in spite of Fed. There is a strong and straight move up now. Why?
Patience is a key to joy.
  • #1,068,018
  • May 24, 2016 4:55am May 24, 2016 4:55am
Quoting PatienceFx
{quote} TP HIT TRADE CLOSED
Great job!
  • #1,068,019
  • May 24, 2016 5:01am May 24, 2016 5:01am
Quoting TeddyBearish
{quote} USDJPY dropped a lot yesterday in spite of Fed. There is a strong and straight move up now. Why?
You know better why, Abe is desperate to depreciate his currency and today he found few yen in his pocket to sell them for few bucks LOL
Member
  • #1,068,020
  • May 24, 2016 5:04am May 24, 2016 5:04am
Quoting TudorIoan
{quote} perheaps just few big ones were informed and then the others followed by contagion ...never mind, what's next? LOL {quote} Obviously, the Brexit has influence on EU ...been disscussed here, the current 55% for stay pulled the cable up nicely ...but we didn't figured out what caused the major drop today ...so you say that first was Fed (down) then "Bremain" (up), one at a time?
maybe not directly, but I try to explain my opinion USD itself...
the current exchange rate that appears in front of our screens is the result of the weighting of any economic data that was published before, so prices reflect only the weight USD that they made earlier, since the month of February they assume that in the month of June the Fed will raise interest rates (they assume this year there are 2 times the rate hike, but they were still in doubt), then some time ago there was a strengthening of the dollar continuing to the present, there are two scenarios:
1st. the Fed raised interest rates in consideration of the data that supports it, then the strengthening dollar would not be so great (limited) because it has been in response in the beginning, then
2nd. the Fed does not raise interest rates, with consideration of the low inflation/recession, then they will adjust quickly weight rating on the dollar, can be sure the market will quickly responds by throwing dollar

IMHO
Libenter homines id quod volunt credunt
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