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EURUSD....Euro

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Wow, some cool moves in the pairs T'nite!!!

What the heck is going on?

Everything has swung and then swung back again and then turned again?????

Did i miss some big news or what?

CanOz
 
Dunno....haven't checked the news yet.

Gold is moving also so something is in store by the looks
 
ZEW Indicator of Economic Sentiment (Germany) came out better than expected
ZEW for Europe to come.
 
BentRod said:
Dunno....haven't checked the news yet.

Gold is moving also so something is in store by the looks
Click to expand...


S&P futs are way oversold, if they can get off the floor maybe the USD pairs will rally again.

Need an entry point.

CanOz
 
Entry entry entry.

Lost 40 pips today (USDJPY) due to a poor entry, made it back when I slapped myself and got a good entry.

The volatility is nuts. Seasoned forex players on other forums are noting something weird is happening. Made my +40 pips today on GBPUSD volatility, have to be in and out real quick, prices whipsawing back and forth!
 

S&P futs at thier low again, something going on, earnings related??

Missed all the volitility today thankfully, i would have got blended.

CanOz
 
sinner said:
No worries. How about this then

http://money.cnn.com/2009/02/17/markets/stockswatch/index.htm

Like I said in the gold thread I am taking a position in the VIX at NYSE market open.
Click to expand...

Hmmm, not quite buying that story, i think there's been a bit of a shake out using the holiday and the news as an opportunity with lower liquidity in the S&P futs, or just panic selling. There's no volume though, not like there was in the big drop back in mid Nov.

Maybe its this realization: http://seekingalpha.com/article/120842-every-consensus-must-end?source=headline1

Watching the GBPJPY now too.

Cheers,



CanOz
 

Thanks BentRod
 
ive always thought slippage and requotes one and the same thing. at least we treat it the general same way in our programming.
 
H4 graph
It looks like the pair has intention of breaking the "triangle" figure upwards and going to the level 1.3300.
With the breaking of "а-а+" descending trend, the pair has gained a possibility to test the higher bound of the "triangle" (E+). The breaking of "а-а+" trend is telling that the pair should break "Е+" (if it will be able to go above 1.2890), in its turn that will clear the way to target levels 1.3055 (B+ trend line - the higher bound of the side trend), 1.3165 (F trend line) and to the key level of H4 graph picture - 1.3300.
There is a probability of a correctional bounce off "Е+" trend line to the support level 1.2895, after that an ascending trend should be resumed.

Variants of events to develop:
1. If the pair goes above 1.2890, it will head to 1.3055/1.3165/1.3300.
This scenario is cancelled in case the pair will manage to drop below 1.2870 after passing 1.2890.
2. Upon the bounce off "Е+" trend line (current level is 1.2825) the pair founds a resistance at the level 1.2695 and ascending trend is resumed.
This scenario is cancelled in case the pair will manage to drop below 1.2630.

Supports:
1.2695 / after passing 1.2890 the level 1.2845 will become the support.
Resistances:
1.2825 (current level) / 1.3055 / 1.3165 / 1.3300

Trading recommendations:
1. Buy from 1.2890, stop 1.2770, take 1.2950
2. Buy from 1.2705, stop 1.2630, take 1.2950




Daily graph
From the technical picture at H4 graph it’s seen that the pair is going to break the "triangle" figure (Е-Е+) upwards. In case it passes the level 1.2890, the figure will be considered broken and the level 1.3820 will become the target of the pair. The old and well-known level 1.3300 will be an important intermediate resistance; upon the reaching of this level a bounce to the support level 1.2890 will be possible, followed by the resuming of ascending trend to the level 1.3820.

 
long from now 2700 stop 2650 t/p 2900
I keep one more from 2750 with the same stop and t/p
 
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