EUR/USD - Page 281

game on..showing sign of cracking.. got one confirmation, waiting on the additional.

also since tomorrow was options EX there was a huge block of long options which are most likely being sold/covered.

 

 

 

 

 

 

 

3150-3160 area came as expected. i actually did get a new sell signal that is a very high probability trade but i cant seem to think of a way for it to play out properly. Im not going to hold much weight in this signal. It goes with my big picture idea but doesnt fit within my smaller picture idea so the size of the position wont be huge, i think there is more upside before a down swing

i hasnet gone anywhere. so it doesnt move past this 1.316 then its rinse repeat action and will want to go lower.

waiting for EU session to open and see if they will follow asia.

 

 

1.318 which is a tough nut to crack in previous instances. This could be it .. as spain bond yeilds also surpassed 6% today and then slightly hanging below it.

yep that was a rejection might need more than one test and yeilds are above 6% .. things are starting to turn.

Edited by mjoke - 4/20/12 at 5:46am

 

snipped ..

Stops are closer on the topside, with talk of stop-loss buy orders above 1.3175 and 1.3180, and more heavy stops above 1.3205 There are some big exotic options rolling off today at 1.2950, 1.2975 and 1.2990 which do not look like being troubled at the moment. Stop-loss sell orders are also reported below 1.3050. Middle East Sovereigns have been buying dips all week but they aren’t usually active during Asian trade.

DX @ 79.420 LMFAO

ya eh i doubt it lasts the day or weekend.

I picked up 420's 

didnt i warn you? higher first

dont i have a right to doubt you? lol.. dont get me wrong but there inst inst positive data causing it; speculation..and mainly on the G meeting this weekend, is russia going to save the Euro? .. cuz france is going to have a Left wing president who is saying some pretty radical things.

 

Busy weekend.

rocking those stops

ya i think they got most of them now.. as it was spread between 1.318 - .1.322

 

 

sure you do. since when did the market move in a logical way?  if it did we would all be rich

well it is the security that most traders do get wrong.. so ill take 1 out of 10 .. or something.

 

come on cire lets get rich ;)

 

 

Edited by mjoke - 4/22/12 at 2:54am

a simple 20 pips is a long here at 150 target 170. should come fairly easy. 

 

 

you are welcome 

going into FOMC tomorrow.  I expect a fairly small reaction. I think everything is priced in and we wont get a directional move until after FOMC is cleared and economic news takes over again. I think the risk is to the upside since traders expect the downside

actually i think once the FMOC is released its going to rip. as its been trading ina  fairly narrow range and holding pattern.. then the BOJ this weekend.. in no way will this be a small move or mumdame i think. Every FMOC or NPF always reacts and it doesnt give back what it takes.  I dont think traders expect a downside, as if that was applicable it would be sitting on lows of the range rather than butt up against 1.322