Forums - Congratulations all EURUSD buyers above 1.3400

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Posted by DT-waw on 11-29-11 12:12 PM:

Congratulations all EURUSD buyers above 1.3400

for your orders and blind optimism

Posted by gmst on 11-29-11 12:34 PM:

I thought the rally was caused by Australia being raised to AAA by Fitch. Do you know if there was any other reason for that rally ?

Btw, you are a master of sarcasm ...haha

edit: it was italy's auctions going through and not failing, i see. Goes to show how much the market wants to rally on a whim of not bad news.

Posted by Tsing Tao on 11-29-11 01:46 PM:

Italy's auction was hilarious. Though not failed, the yields are unsustainable, and somehow this is good news.

Sell all rallies.

Posted by d08 on 11-29-11 02:29 PM:

You're welcome.

Posted by Dogfish on 11-30-11 01:59 PM:

U turn

Posted by Lucrum on 11-30-11 06:02 PM:

I went long at 1.34348 a little bit ago. I have a Break even trailing stop in place.

Posted by Lucrum on 11-30-11 06:13 PM:

Stopped out at BE.

Posted by Amber40 on 12-01-11 04:37 PM:

Euro related news-rumors are dominating the markets so it won't be a surprise if EUR/USD reaches 1.3650/80. Close below 1.3300 would change things though.

Important things to watch:
Dec 2: German Merkel to give speech on debt crisis
Dec 5: Italy PM Monti to present new austerity measures
Dec 7: ECB 3-month Dollar tender
Dec 7: Portugal sells 3-month T-bill for €750mln-€1.25bln
Dec 8: ECB Governing Council meeting
Dec 9: EU heads of state summit in Brussels

Posted by Lucrum on 12-02-11 04:00 PM:

Re: Congratulations all EURUSD buyers above 1.3400

Quote from DT-waw:
11-29-11 07:12 AM
for your orders and blind optimism

You should be approaching break even or better about now.

The 1.3420 area seems to be worth watching.

Posted by DT-waw on 12-02-11 04:06 PM:

again, congrats for all who bought above 1.35 today.

Posted by Peternam on 12-02-11 04:32 PM:

Quote from DT-waw:

again, congrats for all who bought above 1.35 today.

Did I sell to you ?

Posted by Amber40 on 12-03-11 02:22 PM:

Guess that was sarcasm
3 tries last week but failed to close above 1.3520. It doesn't look so good.

Posted by Amber40 on 12-06-11 11:57 AM:

We are still stuck within 1.35-1.33 trading range...

Posted by brisvegas on 12-06-11 01:12 PM:

the chart structure gives clues to bias on various time frames . recent swings 13550 and 13225 areas are key references for higher time frame bias , breaking it down further we get dynamic supports and resistance close to price action . the key refernce levels here give pointers to define higher TF bias once breaks occur . the trend between relevant TF are polarized presently , with a break of small TF keys we will get more clarity to define trends . the key levels on smaller TF are converging , the bias will be clearer soon , till then trading the smaller TF for the easy profit is pertinent ............ ;-)

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Posted by Amber40 on 12-07-11 01:16 PM:

EUR/USD fell after statement by senior German official that he is more pessimistic than last week on overall summit deal.

and if ECB decides to cut interest rates tomorrow, eur bulls will have really hard time...

Posted by brisvegas on 12-07-11 02:51 PM:

Quote from Amber40:

EUR/USD fell after statement by senior German official that he is more pessimistic than last week on overall summit deal.

and if ECB decides to cut interest rates tomorrow, eur bulls will have really hard time...

eur just hanging onto support right now , 4th test with a lower swing high ... looks shaky

__________________
TRADING IS LIKE TAKING VIAGRA , YOU CAN MAKE IT HARDER THAN IT NEEDS TO BE

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Posted by DT-waw on 12-07-11 03:23 PM:

good levels for a meaty long.
SNB will save all euro buyers.
no sh!t, riskless, zero hedge trade.
if everything fails, ecb will print in unlimited amounts.
again, euphoria in euro.

Posted by rtiger29 on 12-07-11 03:46 PM:

Quote from Amber40:

EUR/USD fell after statement by senior German official that he is more pessimistic than last week on overall summit deal.

and if ECB decides to cut interest rates tomorrow, eur bulls will have really hard time...

Shouldn't this have the opposite effect. Being pessimistic that a deal will be done should cause Eur strength, right??

Posted by Lucrum on 12-08-11 01:34 AM:

Quote from DT-waw:

good levels for a meaty long.
SNB will save all euro buyers.
no sh!t, riskless, zero hedge trade.
if everything fails, ecb will print in unlimited amounts.
again, euphoria in euro.

So now you're bullish?

Posted by DT-waw on 12-08-11 10:00 AM:

no, i'm just kidding.

Posted by brisvegas on 12-08-11 10:38 AM:

not half obvious a big move is coming given the chart and the EU summit , key reference levels marked . Trends on differnet time frames polarized on all counts . almost not worth trading smaller time frames now given the range , breakout will give clarity .

__________________
TRADING IS LIKE TAKING VIAGRA , YOU CAN MAKE IT HARDER THAN IT NEEDS TO BE

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Posted by Amber40 on 12-08-11 01:42 PM:

earlier today:

€/$ fell after a senior EU Official said giving the EU permanent bailout fund a banking license off the table.

BoE
Policy Left Unchanged (repo rate 0.50%)
Asset Puchases steady at GBP 275 bln

ECB
Refi Rate cut 25bps to 1.00%

considering the recent price action I remember there is a saying "The news doesn't make the market, rather the market makes the news"...

Posted by sanfo on 12-08-11 02:54 PM:

everyone is waiting for Mario Draghi today. it's interesting that everyone is expecting the market news for decisions beneficial to them. more of my friends long EURUSD now but not sure whether it would last long.

Posted by brisvegas on 12-08-11 02:57 PM:

Quote from sanfo:

everyone is waiting for Mario Draghi today. it's interesting that everyone is expecting the market news for decisions beneficial to them. more of my friends long EURUSD now but not sure whether it would last long.

Draghgi been and gone

http://www.ecb.int/press/tvservices..._111208.en.html

__________________
TRADING IS LIKE TAKING VIAGRA , YOU CAN MAKE IT HARDER THAN IT NEEDS TO BE

http://twitter.com/#!/toodalooMTFK

Posted by DT-waw on 12-08-11 04:05 PM:

congrats buyers i mean ECB and SNB above 1.34 again.

you're lucky to rule european nations who are polite enough not to chase you with axes and baseball bats

Posted by DT-waw on 12-08-11 04:20 PM:

yikes, you know...
its such a pleasure to play with a public money.
you're a zentral banker and basically can tell your friends- go long/short, we'll do the same in just a minute

or-
we will defend the currency for 3 months until 300B is gone.
hedge funds friends, trade against us and pocket the 300B,
we'll go to the party together!

Posted by Amber40 on 12-09-11 12:20 PM:

still moving without a direction...

EUR/USD climbed after China announced that it will set up a $300billion investment vehicle made up of two funds (for the U.S. and Europe).

Posted by antelope on 12-09-11 12:49 PM:

Quote from Amber40:

still moving without a direction...

EUR/USD climbed after China announced that it will set up a $300billion investment vehicle made up of two funds (for the U.S. and Europe).

Allow me to say that this is BS. How would such a news make the EUR gain 1/100 pointsin 30 mins?

What almost daily brings up the EUR in the morning (EU time) is the ongoing bond buying program performed by ECB with freshly printed money. Croissant, coffee and a few billions of Spanish and Italian bonds.

in the afternoon US markets open and reality kicks in.

Posted by denner on 12-09-11 01:33 PM:

Quote from DT-waw:

yikes, you know...
its such a pleasure to play with a public money.
you're a zentral banker and basically can tell your friends- go long/short, we'll do the same in just a minute

or-
we will defend the currency for 3 months until 300B is gone.
hedge funds friends, trade against us and pocket the 300B,
we'll go to the party together!

Every day it's more apparent we've reached the terminal stage. Just blatant central bank/media manipulation every single hour of the day...to buy another day's time. Firms are also at the cannibalization stage, the minnows are gone, they are simply swallowing each other whole.

Stick a fork in it.

__________________
wealth effect: stock market higher, health care costs higher, unemployment higher, food/energy prices higher, taxes higher, poverty higher, bonuses higher, foreclosures higher, homelessness higher, crime rate higher, bankruptcies higher, unsold cars higher... it's economics 101

Posted by brisvegas on 12-09-11 09:34 PM:

Currently we have nothing definative as far as trend bias goes on medium time frames but we certainly have tradable structure on smaller time frames . reference points marked

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TRADING IS LIKE TAKING VIAGRA , YOU CAN MAKE IT HARDER THAN IT NEEDS TO BE

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Posted by Amber40 on 12-10-11 03:24 PM:

sometimes it is better not to search any logic behind the moves...the day that moody's downgraded 12 U.K. financial institutions was also the day that NFP came out 103k (vs 50k expected); gbp/usd climbed around 150-160 pips...

Posted by ElectricSavant on 12-10-11 03:53 PM:

Very astute indeed....(your breaking to the next level in my opinion)

Quote from Amber40:

sometimes it is better not to search any logic behind the moves...the day that moody's downgraded 12 U.K. financial institutions was also the day that NFP came out 103k (vs 50k expected); gbp/usd climbed around 150-160 pips...

Posted by DT-waw on 12-12-11 10:08 AM:

i think its time for the central bankers to buy more euro now.
every professor knows that averaging down is the most optimal strategy ever discovered by a human being. especially when fully covered by the common people.
why the EURUSD dropped like a fly at night? Well, european bankers are sleeping in their 15m eur mansions. beware, right now 10am london time they are waking up. 80-100 pips up move guaranteed!

Posted by clightmarathon on 12-12-11 10:31 AM:

but first they have a Monday morning meeting

Posted by brisvegas on 12-12-11 10:53 AM:

awesome geometry eurusd , doesnt get much easier than this really , forget the news , price is the only thing thats real

__________________
TRADING IS LIKE TAKING VIAGRA , YOU CAN MAKE IT HARDER THAN IT NEEDS TO BE

http://twitter.com/#!/toodalooMTFK

Posted by antelope on 12-12-11 11:10 AM:

Quote from brisvegas:

awesome geometry eurusd , doesnt get much easier than this really , forget the news , price is the only thing thats real

True, true, but I think there is now a good chance of a major downside move breaking the channel. A close below 1.315 this week could ignite a panic sale to 1.285 in a wiff.

ECB primary and secondary bond buying not effective any longer. Like being on methadone after cocaine.

Posted by DT-waw on 12-12-11 07:19 PM:

where is ECB with their printed with great effort,sweat, blood and tears money?
i'm shocked they did not defend the holy euro!

what they will do with 100s of billions in euro denominated assets?
hold and wait until it will lost 20% of value?

yes. its not their private money, so who cares?

Posted by antelope on 12-12-11 07:36 PM:

Quote from antelope:

True, true, but I think there is now a good chance of a major downside move breaking the channel. A close below 1.315 this week could ignite a panic sale to 1.285 in a wiff.

ECB primary and secondary bond buying not effective any longer. Like being on methadone after cocaine.

I think Eur can bounce back a little from here, but probably down again soon. Nect target 1.25.
I had a great deal of pleasure today immagining the daily candle up Sarkozy's ass.

Posted by brisvegas on 12-19-11 02:59 AM:

Structured geometry continues . doesnt get much easier imo

__________________
TRADING IS LIKE TAKING VIAGRA , YOU CAN MAKE IT HARDER THAN IT NEEDS TO BE

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Posted by DT-waw on 12-28-11 04:45 PM:

1.30 broken in an ugly way.

who needs a stop loss?
certainly not SNB or ECB.

they were buying more euro in the last 5 days
but these evil speculators want the eurusd lower.

its all their fault!

Posted by Mvector on 12-28-11 04:52 PM:

euro sell off today was a nice one - flat all euro positions I was holding from last week. If SI is trading into the $26 range that will get me looking for a new trade.

Posted by DT-waw on 12-29-11 11:55 AM:

1.2867 as of now.
hey SNB, do you want to buy some more excellent euros?
no risk trade, loss will be transferred to swiss citizens, you can only profit!

Posted by hkrahra on 12-29-11 12:06 PM:

Zr1Trader
Moderator
Registered: Dec 2010
Posts: 791

06-07-11 09:05 PM

Quote from SnakeEYE:

isn`t it obvious that is the top of the euro futures now?it`s going d-o-o-o-o-o-o-o-own.sell 2 contracts for the 0.2points

How many pips? 200? 20? 2? I think you made a typo being .2 points would be 1.2670 wouldn't it?

Regards

Posted by DT-waw on 01-04-12 01:57 PM:

congrats all buyers above 1.3 yesterday and today!

Posted by Trendytrader on 01-05-12 02:13 PM:

EURUSD "woop woop pull up" last sound pilots hear before crashing into ground. EUR looks very sick today and Greece has all but said they are dropping the EUR.

__________________
The trend is your friend.

Posted by Amber40 on 01-13-12 05:21 AM:

it seems that 1.2660 will stay intact for some more time, 1.2960 seems possible if S&P downgrade does not hit sooner than I think

Posted by DT-waw on 01-13-12 03:09 PM:

1.2655 now.
i'm sorry todays buyers above 1.28

again, you've shown us a total lack of imagination.
why on earth do you think euro is a good investment?

Posted by DT-waw on 01-13-12 03:18 PM:

i'm sure that professional, serious players like Morgan Stanley, GS, Merrill, Superfund, FX Concepts, german and swiss traders/bankers with 25 years of experience, etc. who bought above 1.34 are still holding longs.

everyone knows they can never be wrong.
thats why they get paid very well even when losing few billions (who cares).

hmm.. or maybe the money should be managed by smartly designed automated strategies? Nah, its only for those goofy teenagers and their techn. analysis!

Posted by shopster on 01-13-12 05:17 PM:

i'm sure that professional, serious players like Morgan Stanley, GS, Merrill, Superfund, FX Concepts, german and swiss traders/bankers with 25 years of experience, etc. who bought above 1.34 are still holding longs.

...................................................

you have no clue.

bottom pickers strewn along the trading road with the long needle in their arm.
luv when retail hangs onto false hope as we puke 'em out.

buy 'em all at zero as we close up the pair.

long live the dmark.
u think the lads are going to sell beemers at zero.

square cornered currency coming to a flat screen near you.

still notching the belt.

s

__________________
the world is so certain yet i walk on thin ice.

Posted by Amber40 on 01-14-12 05:09 PM:

Euro is not a good investment, it is a dead experiment but you know the market is not moving as a strait line

Posted by shopster on 01-14-12 10:30 PM:

Quote from Amber40:

Euro is not a good investment, it is a dead experiment but you know the market is not moving as a strait line

correct ....................

__________________
the world is so certain yet i walk on thin ice.

Posted by Amber40 on 01-16-12 02:20 PM:

hmm meanwhile shorting EUR/GBP seems fine for the long term...

Posted by shopster on 01-17-12 09:38 PM:

retail trader seated left, market maker right.

don't even think of using a stop......

s

__________________
the world is so certain yet i walk on thin ice.

Posted by DT-waw on 01-24-12 01:52 PM:

buyers above 1.30 today: good job!
please continue buying the most shitty currency on the planet.
there is NO (zero) work for greek and spanish people. how do you fix that?

Posted by shopster on 01-24-12 02:02 PM:

Quote from DT-waw:

buyers above 1.30 today: good job!
please continue buying the most shitty currency on the planet.
there is NO (zero) work for greek and spanish people. how do you fix that?

...................................................

r u long..........

puke it out.

s

__________________
the world is so certain yet i walk on thin ice.

Posted by shopster on 01-24-12 08:44 PM:

Quote from gmst:

Do you know if there was any other reason for that rally... ?

..........................................

more buyers, than sellers.

s

Posted by DT-waw on 07-05-12 01:48 PM:

Feb, Mar, Apr 2012:
all buyers above 1.3200 , some of the most well respected names in the industry: congratulations.

Stop losses are for sissies, so lets wait till 1.1500
Few months more at parity, euro perma bulls can call it "aberration".

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