I would go long the euro.. 135.300 stop at 135.090.. the USD is gone ...the trade you just took is a central banks dream.. they are going to run all those buy stops before the ASIAN session..
I would go long the euro.. 135.300 stop at 135.090.. the USD is gone ...the trade you just took is a central banks dream.. they are going to run all those buy stops before the ASIAN session..
It seems like ever buck it pushes through jumps lower, so you could squeeze 20-30 out or more if they save the market..
Lets see if they try to rally it like on Friday, they tried on Friday and the market went green..then they smacked it down. I havent seen the reversal into the close it seems in ages.
I had a long LB/Yen order in for AGES..I was within 70 pips of getting it triggered friday and decided to pull it because of a potential gap down since it closed so poorly, well that was like 200 pips ago now so thanks to "feeling" the general sentiment I saved myself.
It has been so long since risk off lasted more than a few hours, this move has been interesting.
Quote Originally Posted by rick3117:
USD/JPY looking for a bottom after the ISM #'s
I am hunting a long.
What are you guys thinking?
It seems like ever buck it pushes through jumps lower, so you could squeeze 20-30 out or more if they save the market..
Lets see if they try to rally it like on Friday, they tried on Friday and the market went green..then they smacked it down. I havent seen the reversal into the close it seems in ages.
I had a long LB/Yen order in for AGES..I was within 70 pips of getting it triggered friday and decided to pull it because of a potential gap down since it closed so poorly, well that was like 200 pips ago now so thanks to "feeling" the general sentiment I saved myself.
It has been so long since risk off lasted more than a few hours, this move has been interesting.
this market has no clue what it wants to do .... if I dont bounce of the 50ma on the 15 min .. I could have my blouse handed to me...8 ema is holding for the moment... running out hope to have some pips going into tonight ...does not look good... be back
this market has no clue what it wants to do .... if I dont bounce of the 50ma on the 15 min .. I could have my blouse handed to me...8 ema is holding for the moment... running out hope to have some pips going into tonight ...does not look good... be back
out at 103.02 payed the 2.1 pips spread... market fell asleep after lunch.. tonight will be good for the Asian session.. the above trade was the EUR/USD... Not doubt in my mind EUR/USD is going to test 1.35550 soon ... after that I have no clue what it can do... Hit a long term trend line from Aug 9th and has the looks of at least trying fridays open. not sure just took a quick look ...
will be back later with a better grasp on this .. I can tell you one thing.. Nothing is setting up yet ,, might in the next 3 hours...
out at 103.02 payed the 2.1 pips spread... market fell asleep after lunch.. tonight will be good for the Asian session.. the above trade was the EUR/USD... Not doubt in my mind EUR/USD is going to test 1.35550 soon ... after that I have no clue what it can do... Hit a long term trend line from Aug 9th and has the looks of at least trying fridays open. not sure just took a quick look ...
will be back later with a better grasp on this .. I can tell you one thing.. Nothing is setting up yet ,, might in the next 3 hours...
Hey quick look at the AUD/USD.. Daily chart... Its challenged the 88.152 the last couple of days and could not rally past it.. We are at a cross road @ 87.488 price will make up it mind soon.. It can go down then come up past 87.488 and retrace back to test that level , or just blow right thru it and retest the candle that blows thru the 50 ema...And we are making higher lows, is this the end of the downtrend and range the AUD has been in since the 26th??? not sure yet..
OK here is something 87.300 it might do a touch and go off that number ... it might want to break Asian low from last night and head higher .. I will post a trade later if I see something. My screens are on the EUR/USD USD/JPY AUD/USD...
Hey quick look at the AUD/USD.. Daily chart... Its challenged the 88.152 the last couple of days and could not rally past it.. We are at a cross road @ 87.488 price will make up it mind soon.. It can go down then come up past 87.488 and retrace back to test that level , or just blow right thru it and retest the candle that blows thru the 50 ema...And we are making higher lows, is this the end of the downtrend and range the AUD has been in since the 26th??? not sure yet..
OK here is something 87.300 it might do a touch and go off that number ... it might want to break Asian low from last night and head higher .. I will post a trade later if I see something. My screens are on the EUR/USD USD/JPY AUD/USD...
I have a hard time trading long the AUD for fundamental reasons..if the global economy is slowing, especially China, the AUD is the last place I want to be...plus arent they meeting today for a rate decision?
If they lower rates that sucker is going to get stomped...
I have a hard time trading long the AUD for fundamental reasons..if the global economy is slowing, especially China, the AUD is the last place I want to be...plus arent they meeting today for a rate decision?
If they lower rates that sucker is going to get stomped...
I have a hard time trading long the AUD for fundamental reasons..if the global economy is slowing, especially China, the AUD is the last place I want to be...plus arent they meeting today for a rate decision?
If they lower rates that sucker is going to get stomped...
they always talk about that interest rate over there .. not sure what it would do, but the effects dont last long ...
removed order did not get filled ... pair ran 11 pips from 87.370 not going to chase it ... The 11 pips is what I was looking for , just didnt get filled by 2 pips ...oh well
Quote Originally Posted by wallstreetcappers:
I have a hard time trading long the AUD for fundamental reasons..if the global economy is slowing, especially China, the AUD is the last place I want to be...plus arent they meeting today for a rate decision?
If they lower rates that sucker is going to get stomped...
they always talk about that interest rate over there .. not sure what it would do, but the effects dont last long ...
removed order did not get filled ... pair ran 11 pips from 87.370 not going to chase it ... The 11 pips is what I was looking for , just didnt get filled by 2 pips ...oh well
I have been noticing this risk pattern for the Asian session, they move it up until the break and then have been bringing it back down.
Tough to short the Yen or the LB/Yen with the drop already baked in..and if you think they are going to pause the selling, I would think 200-300 pips on the LB would be not tough to get.
I have been noticing this risk pattern for the Asian session, they move it up until the break and then have been bringing it back down.
Tough to short the Yen or the LB/Yen with the drop already baked in..and if you think they are going to pause the selling, I would think 200-300 pips on the LB would be not tough to get.