No pullback at all for more longs?! Now this AUD bull is getting a bit pissed that he can't pyramid his positions.

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As usual, I've always said never to bet on US numbers with risk currencies due to the conflicts in behavioral finance. If you want to bet on US numbers take it to USD/JPY. But do any muppets ever listen?

EURUSD

Better than expected US numbers, Draghi says Euro will survive! The world is saved! The economy is good again! RISK ONNNNN but at this point of time it's smarter to look at it as either you were in it before or you just sit on your hands.

EURUSD

What levels are you at for a correction? Is it too optimistic to be looking at 0350 area?

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Just thought I'd return here and throw this out. Draghi may have caused a spike but remember no concrete action have been suggested or cast in stone yet so fundamental outlook for Europe has not changed. Remember the ESM spike from the EU summit ...

EURUSD

I am one disappointed bull. Only got 3 positions in for the spike. This feels incredibly like that one time when a huge news came out of the EU summit regarding the ESM and the Asian session spiked 200+ pips across all risk currencies only to bring ...

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Indeed, I am looking to add in another long position on a retracement. We are going to continue on the upside right now all according to plan with some thanks to Draghi for speeding things up.

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If you were on Bloomberg TV you would have heard Draghi say, "The EURO is irreversible and the ECB will do whatever it takes to preserve the EURO." right at that moment live from the UK Cue risk on and hope, let's see if it is enough to break past ...

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For the sake of my greed of wanting to build more LT long positions and for your sake of intraday positions. I hope you bears are right.

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Indeed. Retracements mean more position building for me

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Boom! Gonna have to wait for that next retracement now to add some more long positions Maybe come Friday during profit taking on those weekly traders positions.

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Wish I could have added some more longs during the retracement but alas it didn't go low enough to hit my orders. I hope this resistance holds and we send it down again for a good entry. I don't mind some temporary paper losing positions.

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So am I the only one who is look to load up some longs at 40 area? DaddyBear any levels?

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Oh Mr Bear, I hope this doesn't mean that you will stop posting levels to look out for.

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All covered by the graph of monetary supply/demand no?

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The whole reason why the EUR got stronger than the USD is plain demand/supply. Europe is a huge exporter of goods and hence will have their transactions done in EUR. This causes an increase in demand for the EUR while the US has always been a ...

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The solution lies with the government and their people provided they are willing to go through a few harsh years in return for recovery. Cut spending on consumer goods, start spending on capital goods and improving infrastructure for higher ...

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That is the way the current economy works and is the reason why there's a whole school of economists/finance professionals who have only just woken up and are now warning at how unsustainable a global system we have only after being smacked in the ...

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The only thing that moved the markets today was the ESM banking license which basically means ECB is stepping up to bailout countries depending on the extent of their reserves. Looking at their balance sheet though... The only method to sustain a ...

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I am pretty sure the breakouts were news driven by comments from some ECB dude. Still maintaining a bull outlook for the AUD but I don't really do trades that have a time span of a day or a week so I'll probably pass on trading the retracements.

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