EURUSD....Euro

[ithatheekret]

Stopped out just above my entry , and can't recall a time when I have had to readjust the trailing stop so many times . Have an order waiting in the wings . The US futures look rather negative for next week already and instead of running on the fundamentals , the Euro seems to be riding the bad news out of the US , this looks to be the catalyst to the volatility to me .

That being the case in would be prudent to also adjust my risk-aversion , having seen the all time high of 147.30 , then the Jean Claude T. dummy spit , I have no doubt a 150.00 Euro will be seen very soon . Given the climate they have had to operate under , I now have a new appreciation of European business management and I know where I'd be looking for CEO's etc.

 

[ithatheekret]

The high @147.30/31 has corrected but it looks as though it's a 5th wave set up ......

any comments ?

noting correction has not achieved the 144 area in the last sell off

 

[ithatheekret]

The strength in the Yen across the swaps , had my main focus yesterday .


Today I'm having a go at the Euro against the USD , just to get the feel of the road . I think this is the beginning of a fifth wave and expect a good rise .

Tight stops , crossed fingers and no cursing


oh yeah ...145.421 for a late start .

 

[ithatheekret]

Oh , wow .... a rally moment .

 

[ithatheekret]

After amassing positions , they all suddenly hit the limits from 146092-146099

volatility everywhere .

 

[ithatheekret]

!47's then back down , up again , back down , up again ...... yep the markets awake on this one too . Feel like Bronco Billy today

 

[soso]

This is what I currently see from a EW point of view. I would like to see a False Break of the current top before reversing and that would be the final point of both 5 Waves.

Also, today we have a vibration in time.

 

[ithatheekret]

Thanks for the analysis soso , the Euro is currently climbing the 147 wall of worry now

PS... the 42 pip in my post should be 52

 

[Kauri]

Seems to be at a possibly interesting juncture... or something like that...
Cheers
..........Kauri

 

[ithatheekret]

I reckon your right there Kauri , very interesting juncture .

Nudged into the 147's nicely to take out the most recent high @ 147.25 from last Wednesday , Thursday it retreated 20 pips from there to 147.05 . But given we were in the backend of trading when the spike into 147.5 occurred , I want to see if it can hold this area , more so , above 147.25 first . Previous action to the lead up of close had it being thumped around 146.7-146.8 , if it retreats below that area in the opening , then my radar will be primed to see if it can hold that area . If not , hmmm , could be parachute stuff with 146.10/20 first on the rank , with a plausible possibility of 145 if 146.10 gets lost in the plot . So fingers crossed for some support @ 147.25 or even 146.9 , above that heavy selling area @ 146.7/80

But I keep seeing Novembers low glaring at me from the chart and two cents is nothing in the market nowdays .............

 

[ithatheekret]

Bit the bullet and went short on the Euro , could get burnt though S.H.'s .

Also short the AUD/JPY , hoping for two steps forward and four steps back and short the EUR/JPY , AUS/USD is threatening 89.14 , so I might just short that too , make that will with a tight stop ...... no have now . Oh and i took one of those high risk positions and short the USD/ JPY cross , don't normally touch it too often nowdays , the volatility there gives me sphincter reactions . Last short so far and a gutsy one , I'm short the pound , with the 204.'s in mind as I can see bugger all real support under that until the 2.02's .

Could get stopped out of any of these today , but have raked it in after last week so the risk / reward is out of pure profits . The last EUR/JPY reversal into the 162's was manna from heaven ..... and I had one of my pivots wrong too and it still worked ...... go figure huh ...

 

[Kauri]

Hi ithat..
May be a quiet sideways market with the big Thanksgiving.... possibly a bit of ranging????
Am long the NZDJPY... but as I have to be away this morning will leave the rest be until I get back after lunchtime..
All the best with your trades
Cheers
.........Kauri

 

[ithatheekret]

Well they have gone backwards , bar my Cable entry so it got folded , no patience to play against that one .

162.9 down to 162.02 and 162.018 EUR/JPY

146.693 & 146.847 down to 146.596 EUR/USD

89.774 & 89.913 & 89.793 down to 89.484 AUD/USD

99.587 & 99.620 down to 98.917 AUD/JPY

111.044 / 046/048 upto to 110.579 USD/JPY


out until tonight for now .............

 

[ithatheekret]

SMS alarms had everyone looking at me in Coles , real good look ............ but I got home in time to short the Euro , nothing much between 146.10 and 145.20 ......... except air :

Gotta have a go at it .

better have a squizzy at Cable too should it desire to head south :

 

[ithatheekret]

146.375 , we have enough for brown champagne so far ................

someone hang a sixpack of Stellas around 145.20

 

[ithatheekret]

I wonder how many stops it would trigger if it hits 146.10 .......

 

[ithatheekret]

146.274 ( fractionally lower ) three times in a row ...... so I reversed pos. and expect 146.3 barrier , bounce or my trailing stop better work .

don't really know why .... just a gut feeling , could be wrong but momentum is swinging about .


see if it can push aside 146.4 with any ease before we get comfortable .

 

[ithatheekret]

Crikey timing or what ........ 146.42 in a snap , here comes the retort .

 

[ithatheekret]

I was looking at the Swissie earlier today , I had never seen it so high before and woe and behold the Euro does the same thing against the USD and goes ATH on us .

On the otherhand ........ that would also mean the USD made a record low again .

So much for the strong dollar , but I've always thought the rhetoric was designed for economic confidence in the US as an investment vehicle ...... or to encourage the oil spreads etc. , to stay within USD controls .

I'd better turn Bloomberg on for the spin , I'm sure all the gossip and rumours will hit the screen after todays efforts on the dollar front .

 

[Kauri]

Just can't go past the humble triangle..
Cheers
..........Kauri