Thread: Closed: Discuss EUR/USD News with a DailyFX Analyst

ermm thats a lot of signal and a lot of time data there bud ......

Originally Posted by Fx(MIA)

will stay in trade until test of supports.

Nice call on shorting EUR/USD, Fx(MIA). DailyFX SSI points to further drop in the Euro as well:
EURUSD - The ratio of long to short positions in the EURUSD stands at 1.21 as nearly 55% of traders are long. Yesterday, the ratio was at 1.44 as 59% of open positions were long. In detail, long positions are 6.2% lower than yesterday and 26.0% weaker since last week. Short positions are 11.1% higher than yesterday and 17.0% stronger since last week. Open interest is 0.9% stronger than yesterday and 4.4% below its monthly average. The SSI is a contrarian indicator and signals more EURUSD losses.

Originally Posted by captester

Karun message still wont work. But chug through the link Mystic gave you it has the basics, if you want to give it a shot I have some useful links that will give you abbreviated references that would take on far more meaning once you have a bit of appreciation for the basics and are excellent when looking for confidence and confirmation that you calculations are likely on the right track. So look through the link Mystic gave and if you like it remind me and by then I can hopefully send you the information.

Sure... I will let you know once I have gone through it.

Never anticipate the Market!!!!!

We need to be clear on one front. China is not buying EU based bonds because they think Europe is a good investment, it's because they are trying to protect the Chinese economy from a European collapse. The Euro rally on the news today is not sustainable.

I think here is where i should have shorted......

EUR/USD London session review and outlook, September 14 - 2011





Regards

Alejandro Zambrano
Currency Strategist | DailyFX Forum (London)
azambrano@fxcm.com

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By EU based bonds, I mean member countries and corps debt.

German Chancellor Angela Merkel, French President Nicolas Sarkozy and Greek Prime Minister George Papandreou reassure markets that Greek will not default. Greece reaffirms that austerity measures will be implemented. Short covering rally in stocks and Euro. This could provide better area to get short Euro.

Its been nice day so far but a nice day..
Look on the DX and EUR..
DX a poss bull flag while EUr a possible bear flag.........
IF the combo gets to play out.............. this would be a merciless fall on euro if it pans out as getting hinted........
anyways food for thought.......

GL..

Originally Posted by Gregory McLeod

German Chancellor Angela Merkel, French President Nicolas Sarkozy and Greek Prime Minister George Papandreou reassure markets that Greek will not default. Greece reaffirms that austerity measures will be implemented. Short covering rally in stocks and Euro. This could provide better area to get short Euro.

lol........ after that whipsaw pulled longs off 3799 when my charts telling me north bound........ lackluster move and when i cashed in for 9 pips after no movement it heads higher........... I had no idea on the phone call . lol.. but picked up shorts 3774.. though i think one more move up under 3800 and might get a better one to keep a hold on to it..
will see....

GL... Not that u need it...................................

watching the 1 and 5 min charts here is a five. we had a bounce off the macd supports now challenging diagonal resistance.

Originally Posted by MysticMegatron

Yes, I agree. I have to admit, i'm quite surprised that so little has been done as of yet to answer the problem of weak demand for European sovereigns, maybe not for Greece. As i said the only ways to fix this are to monetise of get the BRICs to bailout. Hopefully the latter will happen, then maybe we can get the Greek default out of the way in an acceptable fashion.

Can i ask if you closed out any shorts or are you still holding from up high?

I had a short at 1.3750 which I closed I think I will try to short around 1.3850 - I went out for a few hours and the market is up 260 I guess its not really surprising as it was very oversold and some people may be covering shorts ahead of the finance ministers meeting

Bearish?

[QUOTE=Carlos Paiva;912775]Bearish?

We got the resistance to test and the water line to break if it does its a good gain. looking for some consolidation and hopefully a break down at the water line..