Ivan's Trade Thread, part II

Quote from Turhovach:

This looks like pretty decent support here (if there is such a thing as support anymore these days). I'm liking it here...
More...

Hmmmm... Decision time. Stay or get out? None of the economic data out today did anything to sway this thing one way or another. More and more its all in the emotions. So I guess all thats left to do is believe in the chart. And as of right now, the chart seems to be saying that a bounce is still in the works. Tomorrow or the next day at the latest will be the final tell...

http://screencast.com/t/bvhSiWzz8Ya
 
Ivanovich,
I have one trade from 133.92 and one from 133.67 - the former with a wider stop and target - the second with -25 stop loss and target roughly 134.50.

Just looking for some bounce here - one easy one and one which can go a little longer - but I'll check them every now and then.

There is some risk that flight to JPY deepens when Asian markets go off now, but I will risk it.

Loaded up another on on 133.56 with roughly 134.10 target...
:)

01:52 CET seems like I have to stay monitoring these trades ... hmm, still some time left until things start moving.

01:57 threw in one more... risky business now - looking for close range around 134 and above :)
 
Closed some EURJPY +48 , +45 , +30 , +4 , -14 ... all just above 134...

02:12 CET ah, looks like I could have waited a little ... but, for +30 more on all - hmm, better safe than sorry :)

€+8,400 on that. I must stop going so heavy into these bottom catchers - or I'll get burnt badly...

Both those longer term trades (EURJPY and EURUSD) are slightly negative still. Doesn't make quite sense - I know - but it is peace of mind ... hehe, "something always working" and with a totally different mindset and timeframe.
 
I just got in for the opportunity down there ... but I guess I'll watch the debate or something. No overnight trades so far - except those two longer term.
 
EURJPY and EURUSD both bouncing around pivots.
EURUSD leading the way? Not sure.


On a 30 minute,they are both approaching my pivots.
Stiil room to run up a little before rolling over.
Any thoughts?
 
EURUSD really needs to get above 1.36 again...
The repatriation is what is putting so much pressure on the EURUSD, as well as strengthening the JPY. It will not "last forever" - obviously - so there will be upside... what we are seeing now is a lot of technical effects from money fleeing back home etc. This is one of the reasons that I am continuing to be positive towards the EURUSD - it will swing back. Also, the policies of the EU are much more assuring than those of the US - more transparent and actually addressing the core issues and making the foundation more solid.

So, when some pressure is taken off the USD effects, then it will shoot upwards - no doubt. Growth is also going to be better in the EU than in the US, and Europe is much more diverse than the US.

I see every of this downturns as a buying opportunity - but the strong repatriation effects, they have short-term technical strength only.


Long EURUSD 1.3468 - target 1.3548 - stop 1.3420 ... overnight, just a hunch. :)
G'night...
 
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