Viewing posts by nzvik

User: nzvik
Last Post: May 17, 2010 ET
Posts: 263 (225 by Member, 38 Anonymous)
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the way it is going we could be below 1.20 before the end of the week or even 1.18 - something fundamentally has to change before Euro reverses 500 pips - maybe another trillion dollar support package !

DJ

agree with you, spreads are crazy - ranging from 2 to 12 pips - the last 5 minutes candle had a 50 pip range ? this is too crazy - will wait it settles down - could go either way.

this could be the double dip - the doom merchants have been hoping for.
reasons may not be fundamental totally - but sentiment and fear driven.

anyone buying gold at these levels - 1168 ?

Chloe - for someone who has recently started trading - 6 to 8 months - you are doing very well. Probably in the 99th percentile of people with similar experience
Good work.

Good Luck ING

Just be nimble - u r right - - Euro news better be good or no news - bad news could force a drop to 1.27s.

on the other side - if we get very good news - then we could rally all the way to 1.33s where some bigger buy stops could get triggered.

ING -not sure where you are getting the 1.3080 support level ?

I will buy again at 1.289 - if it gets there.

The shorts piled in once 1.3114 - 1.3120 zone got broken - all the sell stops for the Eur longs were below this level.

Now, all the buy stops for Eur shorts will be above the 1.3120 level - therefore targeting that.

Markets will move to the levels which provide maximum liquidity.

with you on this ING - took one at 1.3040 and another at 1.2967 - average 1.30 looking for 1.3120+

RBA hikes by 25bps as expected and the market sells off - a bit. Opportunity to buy ? Any views ?

descending triangle on USDCHF in 5h chart - could break upwards.