EUR/USD - Page 284

ya well it didnt break the 1.328 .. as it tried before and fell below the 1.326. Its partly exacerbated by the lame BOJ half ass injection.

I can remain solvent longer than this can remain irrational... as GDP missed and it still ran lmao. All weak shorts.

1.3270 is where I have my resistance on the daily,
 

Your resistance is futile... but I support your statement at 1.3240



I tried playing a long from around my support line earlier.. thinking we'd rush right back up to 1.3270 to attempt a new high... but it just spent the entire time in chop-fest, often just slightly above profitability.. so I chose to reduce risk since it wasn't acting as expected, and closed her off.

Wish it wasn't Friday and week's close, else this might prove to be a better long further down.



EDIT: that's not suggesting people go long at 1.3240.. if I re-enter off that line it will be because I'm fading a move through it, not on the line itself. And I probably won't re-enter given it's Friday at close.

 

 

the GDP missing was dollar bearish. (more likely for a QE3 / less likely for a quicker rate increase)  

oh come on lol that has to be more temp than sustainable.

I kinda was poking around and we have ECB and some other stuff happening next week, so perhaps it switched perception to that.

All i know is the 2am move was pretty violent and blew past supports. Some are calling for a reversal period as it approached its apex range.

dunno..

 

 

recovered / profit  and repostioned.

 

79.005 short 10.

Edited by mjoke - 5/1/12 at 10:05pm

Here we go, finally some impulsive action in the right direction

wont last, be careful.

Short USD for a flip then will reassess.

well i took a nap gave back my profit when it reopened at 5pm lol. Should of closed the trade at 1:50 (pst)

so still sitting in it.. up 300.. TA wise LT i dont like the look of being short the USD but my thinking is, its inverted relationship as of right now for the short term due to the blabbermouthing of the FED on unrealisitic injections this year.

 

So bad news is good news (for now).. as people are expecting now.. when it will be later, after trends in data are confirmed multiple times and eu slips and cracks it head open upon the French and German strife which is coming if the socalist wins, and looks like he will.

Edited by mjoke - 5/1/12 at 10:59pm

bah bad EU data sent the euro down, which us might crawl back up since its QE applicable lol.

Had a emergency stop, it hit, out with a slight loss. Let a winner turn into a loser, thats a no no.

Thats a big red candle taking out the 1.32 support and then some, I am pleased.

just 15 minutes left..

I guess they like the action in Spain today..

 

Damn I should have been quicker below 1.31, but Ill stick around and see how this goes.

After it dipped below 1.31 and came back, i made a long and closed for amazing 4 pips.

 

After i closed the trade,  it climbed to 1.3170 almost without pause he he

 

Coulda shoulda woulda...

At today’s meeting, which was held in Barcelona, the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 1.00%, 1.75% and 0.25% respectively.

 

If you have a protift on a euro short... i think profits should be taken as it doesnt bode well for the euro being cheaper.

* note i also think ADP claims are bs and the jobs number tomorrow will beat.

 

That makes perfect sense, which is why the exact opposite will probably happen

I would say

 

WS1 1.3144 is the crunch point at the moment..

 

And the News tomorrow..

 

 

btw. Heikin Ashi Candles..

wrong thread

M5 3 Hours later..

 

ya im still holding my USD.. lol.. kinda rather go outside and watch grass grow..