Eur/usd going stratospheric ?

ZEN archer

ZEN archer

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Decision makers have been intervening for some time. Also there is record number of shorts.

I was wondering about the point where the big players intervene again and at the same time start taking most of the stops.

At what level would you enter long before it explodes?
(after the explosion could be too late)
 
Your question is really: can you pre-empt the big players ? The answer is NO. They will take you out before they start the big move and it won't matter how you position yourself.
 
BeginnerJoe said:
Your question is really: can you pre-empt the big players ? The answer is NO. They will take you out before they start the big move and it won't matter how you position yourself.
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I was not thinking about pre-empting the big players BJ

The idea is more to do with gazillion stops being hit at some point (during one of the interventions) making eur/usd go ballistic
 
brewski1984 said:
Thought you had to be in it to win it Joe?
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Yes, you have to be in it to hang on to the coat tails. But there are no coat tails there now.


ZEN archer said:
The idea is more to do with gazillion stops being hit at some point (during one of the interventions) making eur/usd go ballistic
Click to expand...

There's no evidence that there are that many stops in there. In any case stops facing both directions will be taken out prior to and during the move.
 
BeginnerJoe said:
I would be very careful with rumours designed to trap you. If they know a good thing, they are unlikely to tell you straight.
Click to expand...

One of them is COT - the Commitment of Traders report published by the Commodity Futures Trading Commision every Friday

PS Scose posted the link
 
When watching the latest news on how European leader try co combat the current situation it is quite clear that they do not have a clue how to do it... fist stability fund did nothing, now it's the same - new fund made and nothing will change... and this is being made by the same people who are responsible for this situation- like in Greece recently - the same old leaders who brought Greece here are appointed (elected) to resolve this mess... no way ... no chance until the paradigm is changed and there is a mechanism for easy exit from the EZ...
 
nothing is really fixed, i think this is the new game we are in, eu summit piecemeal outcome, 3 month rally at best, morning rally at worst, then back to reality
 
Today's range is the biggest this year (based on my research) and the candle looks like a nice bull candle so far.

Is this the beginning of the euro's ascent to the stratosphere?
 

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I wonder how long this Eu Summit induced optimism will last re this pairing. technically today's daily candle could well close as a master bullish engulfing (thrust?) engulfing last 5 on same t/f

1zzncy1.jpg


G/L
 
bbmac said:
I wonder how long this Eu Summit induced optimism will last re this pairing. technically today's daily candle could well close as a master bullish engulfing (thrust?) engulfing last 5 on same t/f

G/L
Click to expand...

Fundamentally nothing has really changed, just words. Price hasn't broken June high, still have a series of lower highs, 50/100/200 ma's all still sloping down. No reason to go long just yet.

Peter
 

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