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  #20281 (permalink)  
Old 07-02-2009, 06:58 AM
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folks what is more like it is it goin up or down as from yesturday the pic is not fully clear?
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  #20282 (permalink)  
Old 07-02-2009, 07:17 AM
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Thumbs up IMPORTANT READ
ECB press conference and US jobs due at the same time (12:30 GMT), with Trichet expected to talk more about last weeks 1-yr auction (EUR-negative. We expect payrolls at -425K, worse than the expected -375K and unemp rate at 9.3%, which could end up further propping the dollar on deepening risk aversion. Oil falling for the third straight day (longest string of losses since Apri), risking to breach below $66 and onto 64.90. USDCAD seen regaining 1.1580 and 1.1620. EURUSD seen testing 1.3880 and cable at 1.6270
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  #20283 (permalink)  
Old 07-02-2009, 07:19 AM
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well it finally got to my 4050 and I think it might go to 4010 and then up or just break all the way down...am out for now...
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  #20284 (permalink)  
Old 07-02-2009, 08:03 AM
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EURJPY
What do yo guys think about shorting the EURJPY here? I am getting a little nervous about the equity markets. Some of the sentiment indicators I follow show downside.
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  #20285 (permalink)  
Old 07-02-2009, 08:08 AM
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Quote:
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What do yo guys think about shorting the EURJPY here? I am getting a little nervous about the equity markets. Some of the sentiment indicators I follow show downside.
Agree! I am also looking to short EU and EJ.
Within 3-4 minutes after report is released, I will cover and go long.
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  #20286 (permalink)  
Old 07-02-2009, 08:19 AM
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Lightbulb Agree..
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well it finally got to my 4050 and I think it might go to 4010 and then up or just break all the way down...am out for now...
Agree, thinking of openning one long now and one more at 4010 after news
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  #20287 (permalink)  
Old 07-02-2009, 08:24 AM
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Spot on, looks like its heading there

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well it finally got to my 4050 and I think it might go to 4010 and then up or just break all the way down...am out for now...
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  #20288 (permalink)  
Old 07-02-2009, 08:26 AM
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or just break all the way down...am out for now...
You see it may break all thinkable supports - after return to the channel, long from 48
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  #20289 (permalink)  
Old 07-02-2009, 08:31 AM
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Shorting at 1.4071
My bias has changed and I'm shorting at 1.4071, the Bearish Crossover has broke the Kumo Cloud S/R and heading south so far.

However I'm still not sure about the possible Exit, will wait and watch for further action.
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  #20290 (permalink)  
Old 07-02-2009, 08:40 AM
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Smile
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My bias has changed and I'm shorting at 1.4071
I'm not a greedy one, put stop to 3975 and go to have my supper..
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  #20291 (permalink)  
Old 07-02-2009, 08:46 AM
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:)
Neither do I mate

I was possibly thinking about much earlier exit than that since I'm shorting more positions than usual (just to book some quick profits and get out)

I might come out at 1.399 rather




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I'm not a greedy one, put stop to 3975 and go to have my supper..
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  #20292 (permalink)  
Old 07-02-2009, 08:47 AM
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Closed my short
I just closed my short for 30 pip scalp.

I just dont like how it did not follow thru 1.40. With a result like that -467 K, I was expecting Euro to drop at least 100 pips after the announcement.

And what is Trichet saying in his Press conference , does someone know ?

On the side and waiting for direction !
Good Trading to all !

Sam !
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  #20293 (permalink)  
Old 07-02-2009, 08:48 AM
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I shorted at 4030 for 20/30 pips - had enough stress for the day...
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  #20294 (permalink)  
Old 07-02-2009, 09:16 AM
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Cool
Well, now fed up and happy!)) 13.00-14.00 GMT - normal time for changing the mind of the market. If it wouldn't, will be looking for exit..
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  #20295 (permalink)  
Old 07-02-2009, 09:30 AM
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Out
I'm out at 1.4036

not bad for a quick trade.

Happy trading and good luck, I'm done for tonight (yes I'm in Australia)






Quote:
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Neither do I mate

I was possibly thinking about much earlier exit than that since I'm shorting more positions than usual (just to book some quick profits and get out)

I might come out at 1.399 rather
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