Thread: Trading EURUSD only

Originally Posted by ;

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#8220;Every hour, new needs are created the official stated.

Is this insane? Together with Greece, if they pushed for time they were able to do it. Cyprus is facing a run on the banks if there's no deal. They can give them the darn 5.8 billion rather than utilizing 300 to 400 billion to calm the markets if Cyprus leaves. This does not make sense.

Following is a twitter you can watch for news. Lol, what a soap opera that is...
https://twitter.com/ekathimerini

Http://www.nytimes.com/2013/03/24/bu...deal.html?_r=0

A separate taxation of 4 percent would be evaluated on tax deposits at all other banks, such as the 26 foreign banks which operate in Cyprus.

Oh, OK. Are the 26 foreign banks comfortable with this? Are the ECB and IMF screwing the rest of the world here?

I cant sleep I will post the hottest COT data. I appologize I cant loe the data but as this data assembles the position building happening more and more will be seen by us.

Euro Futures that the Speculators (Large Dogs eg. . Banks, hedge funds ect) 3/12/2013 - 3/19/2012:

Improved 6122 short contracts

Improved 2586 long contracts

USD Futures that the Speculators (Big Dogs eg. . Banks, hedge funds ect) 3/12/2013 - 3/19/2012:

Reduced 8506 short contracts

Improved 7512 long contracts

*** For Your Big Speculators we can see that the USD LOGS are clearly dominant in the change of contracts during these two weeks***

EURO Futures the Commercial Contractors (Smart Money) 3/12/2013 - 3/19/2012:

Reduced 10623 short contracts (Dominant)

Increased 320 long contracts

USD Futures the Commercial Contractors (Smart Money) 3/12/2013 - 3/19/2012:

Improved 6122 short contracts

Reduced 2676 short contracts

*** for those Commercials we could see that the EURO SHORTS are clearly dominant at the change of contracts during these two weeks***

Indeed overall market is in favour of Shorting EURUSD. Right now we are just riding a bullish pullback. We may see another 100 pips or so until the EURUSD Bears really kick back into gear.

Cheers
https://forexintuitive.com/attachmen...0584572161.xls

Originally Posted by ;

Thanks Goods for the data and analysis. COT is always something to take into account.

Thanks, by a smaller Time Frame of a transaction we would like to be in same way of commercials (Hershey, Nabisco, Quaker ect...) they will create these pullbacks that will last about a week or so.

In the interem like attempting to stay in a trade for months at a time we would like to concentrate on the Big traders since they will wash out the waves created with these advertisements ).

At this time I will concentrate on what the Commercials do for my fascination and ride this euro long outside for about a week or so then take the overall momentum of the Big Big dog's and finally ride along the bear.

30 pips down... 1.2957

Originally Posted by ;

Thanks, by a smaller Time period of a trade we want to be in same way of advertisements (Hershey, Nabisco, Quaker ect...) they will produce these pullbacks that will last about a week or so.

From the longer interem like trying to stay in a trade for weeks at a time we would like to focus on the Large traders since they will wash out the waves created with these commercials).

At this time I will focus on what the Commercials do for my fascination and ride that euro long out for about a week or so then take the overall momentum of the Large Big dog's and ultimately...

Have a peek at the chart and you will see the reason why the bullish pull back is going to happen, before the total downtrend continues.

Nice job

thank you

Originally Posted by ;

I cant sleep I am going to post the hottest COT data. I appologize I cant find the information but as this information builds we shall see the position building happening more and more.

Euro Futures that the Speculators (Large Dogs eg. . Banks, hedge funds ect) 3/12/2013 - 3/19/2012:

Increased 6122 short contracts

Increased 2586 long contracts

[b]USD Futures that the Speculators (Big Dogs eg. . banks, hedge funds ect) [u][color=Red]...

Weekly outlook:

W1


D1



Initial weekly goal is ~3037 that represents a fibo-line which showed validity in previous moves.
This is supported by the clear bounce from the mayor 2855 support.

After 3030´s are reached there are three reasonable scenarios imo:

1) busting through fibonacci. Where you will find two overlaying fibo-lines of upmoves this would lead to a strong upmove up to ~ 3271. But, EURO crisis might prevent a upmove from occurring.

2) bounce from ~3037 and retesting 2855 support.
This might seem right with cyprus in mind - yet the results of eur/cyprus negotiations at the beginning of the week might put this into perspective...

3) uncertainty and also the battle of both prior possibilities leads to a hectic that range around 3037.


MY LINE: looking for a good entry long with goal 3030-3037. From there I would leave a small runner (20 percent or a few, SL BE) for alternative 1. If this one turns out to be a great one, I expand the existing runner and will start looking for a retrace back to 3037. If not, I will wait to get indiion wheather it will wind up with option 3 or 2;
If 2, I will aim for shorting with maximum goal 2855.
If 3, it´ll be a calm week to get me with maybe a few range-oriented scalps

TY goods. Notably for the explaination [on the chart].
I read the information and generally only get more confused.
Ie Are they hedging etc etc

Originally Posted by ;

Take a look at the chart and you will see why the bullish pull back is about to happen, before the overall downtrend continues.