Chinook's EUR/USD (E/$)Mumblings
- Thread starter chinook
- Start date
Quote from chinook:
I'm obsessively holding onto my long. I let go 18 pips of open profit all the way down to 1 pip from my stop! Damn, how many times my stops got busted by 2-3 ticks, today was an exception
Chinook
I'm almost more nervous today than yesterday. I'm itching to short around 1.2240 on the december contract, but when watching the chart and how maybe the Yukos delivery stops to China perhaps were politically motivated to make Putin look like he can't control oil exports (which he said would not be affected by Yukos issue) ... who knows if it will pivot upwards towards 1.2280 again with oil reserves numbers and all.
edit:
... and a better short it became with 6 pips. Up 5 pips so far with the -6 pip before european open.
Gringinho,
Are you from US originally? Where are you in Brazil? Couple of my friends are going to Brazil in a month. One of them lives in Miami and has been to Brazil several times. I'll definitely visit your domicile once I become a mobile "laptop" trader. Maybe we can hook up and you show me hot party spots
Chinook
Are you from US originally? Where are you in Brazil? Couple of my friends are going to Brazil in a month. One of them lives in Miami and has been to Brazil several times. I'll definitely visit your domicile once I become a mobile "laptop" trader. Maybe we can hook up and you show me hot party spots
Chinook
You're a very short term trader. I'm not sure if the news help you at all besides giving you a bias and perhaps limit you. But overall you seem to be doing fine. There seems to be sellers at 1.2250 spot. If that gets busted perhaps we'll see a 20-30 ticks pop up. I'm still betting on it.
Chinook
Quote from chinook:
Gringinho,
Are you from US originally? Where are you in Brazil? Couple of my friends are going to Brazil in a month. One of them lives in Miami and has been to Brazil several times. I'll definitely visit your domicile once I become a mobile "laptop" trader. Maybe we can hook up and you show me hot party spots
Chinook
No, I'm from europe - moving around partly to find a nice place to live and testing various tax regimes.
I'm currently at my summery house in northeastern Brazil a few degrees below equator with roughly 30 degrees Celsius all year long. I do prefer living in Sao Paulo and Curitiba, though, because the luxury level is rather thin here. On the other side, times are good - nice clean beaches, fairly low crime compared to rest of Brazil and I use bonus miles to do some shopping down south every now and then.
Next year I will move down south again or jump over to europe again. I guess residency of Anguilla and partying in Marigot Bay, St. Martin is just too far-fetched yet.
I do miss sailing those waters though, except the USD 100 per person breakfasts at the clubs on Barbuda; better stay on the boat next time. :eek:
I think it's becoming obvious that there are stops over 1.2250 because it keeps selling at that level. So if the 1.2250 level is penetrated, stops will get busted perhaps up to 1.2260 level and then new buyers will jump in lifting it to 1.2280-1.2290. This is preventing me exiting my long with a 10-15 ticks profit.
Chinook
Chinook
Well, I usually stay in the Morumbi district - for shopping and all, but the biggest shopping street is Avenida Paulista. I also like the Liberdade district with it's lower crime rate and mainly japanese inhabitants (roughly 2mn of them). Many of the restaurants have menus in japanese only.
If you stay at Sao Paulo Hilton Morumbi, or the World Trade center - there's a fantasically good japanese restaurant under the WTC. There's a underground shopping complex there with various good shops and very good restaurants.
In Morumbi Shopping you could try 'Forbidden Pleasure' plate on menu in the indian restaurant - beef ... :eek:
I also like Bar'n'Soul on Rua Harmonia.
Otherwise taking a heli-tour could be nice. SP has one of the busiest helicopter traffics in the world. Basically it's one the biggest cities in the world - busy and smelly, so I don't like the parks too much with crime being rampantly high. To stay totally safe - stay around Avenida Paulista and the Morumbi area.
You will freak out about the traffic though.
PS! With only one day, it depends what you like - you could get a quick flight to Rio de Janeiro. It's a domestic ariport with dedicated RJ-SP flights only and they depart every 20-30 mins ...
There's a lot more to see there if you want to see mainstream tourism points. Watch out there though, it's among top-3 most dangerous cities in the world.
edit: gotta have it ...
[14:34 EUR/USD: US Names Bracketing The Range] Boston, September 22: Heavy buying from a US money center bank in the low 1.2230s has help build an intraday base, pushing EUR/USD up to 1.2260 where it was capped by a US investment house.
Oil prices are on the march again after an eighth straight week of oil inventory drawdowns, so the buck may be in for a rough few hours, especially as stocks selloff. Further resistance for EUR/USD is at 1.2290.
[13:52 GMT 22nd Sept] Markets intraday have been looking to undo the pre-FOMC spike higher and [EUR/USD] has, for the majority of the day, duly obliging and now has given back over 61.8% of the gains seen before the FOMC. Cross border support is piling on the pressure as dealers eye the 1.2100"s fast approaching. EUR/USD however is now trying to tread water around 1.2230/35 ahead of what are rumored to be sizeable expiries in the 1.2250/60 region at 14:00 GMT. European flow data released over the last two days is being scrutinized after a month of outflows was recorded, especially from European fixed income markets. Foreigners sold EUR 6.6 bln in Eurozone bonds while Europeans bought over EUR 30 bln of foreign bonds, a drag on the EUR. With Asian bids rumored on dips, another range-bound session looks likely. Stops remain below 1.2220. Whilst any break below 1.2200 would find support at 1.2175 and totally nullify the 36 hours of trading. In broader terms [EUR/USD] looks unlikely to move from its recent wide range of 1.20-1.24 now and with yet more option being taken out this range could quiet conceivably be seen at the next FOMC.
Quote from Gringinho:
No, I'm from europe - moving around partly to find a nice place to live and testing various tax regimes.
I'm currently at my summery house in northeastern Brazil a few degrees below equator with roughly 30 degrees Celsius all year long. I do prefer living in Sao Paulo and Curitiba, though, because the luxury level is rather thin here. On the other side, times are good - nice clean beaches, fairly low crime compared to rest of Brazil and I use bonus miles to do some shopping down south every now and then.
Next year I will move down south again or jump over to europe again. I guess residency of Anguilla and partying in Marigot Bay, St. Martin is just too far-fetched yet.
I do miss sailing those waters though, except the USD 100 per person breakfasts at the clubs on Barbuda; better stay on the boat next time. :eek:
Did you think about living in Buenos Aires? There were some mostly positive discussions about it here at ET. Man, a breakfast for "8 ticks" is kind of steep. Did you trade when you were sailing
Hopefully, I won't repeat my past mistakes and be able to consistently earn a decent living trading full-time. Then I'll need to decide where to move. Portland is a sophisticated exceptional city for US but it's far away from the ocean. I'm used to seeing blue waters every day. Also, there's too much rain but summers are great.
Chinook