Dislikedwhat a day
think I'm getting 136 on the euro too
now if only i can pick the right price to go short on, it will be even better.Ignored
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Dislikedwhat a day
think I'm getting 136 on the euro too
now if only i can pick the right price to go short on, it will be even better.Ignored
DislikedHi theroller, with respect to point8, what commodity craziness are you referring to and when will it occur, which commodities?!Ignored
Dislikedwhat a day
think I'm getting 136 on the euro too
now if only i can pick the right price to go short on, it will be even better.Ignored
DislikedI´m waiting to see the action around the 00 levels in euro and cable....for an initial small sell, but they´re both stalled at presentIgnored
Dislikedwell i am a bit scared, coz everyting seems so overbought and at hystorical tops, i am so much looking in to shortingIgnored
DislikedPlease Leelee, pleeeaseeee dont do that.... What we saw today, as mentioned in the posts above are two trends overlapping
GBP bulls took it to 0020 and USD bears to 0070!!!!!!
USD index is now at last week's low. If breached, USD will be on the respirator by the end of the week!!!
Fighting this trend IS A FREAKING SUICIDE ATTEMPT, SHIT!!!!. I know a guy who burned 80% if his account shorting this damn pair all the way up, thinking he'd FOUND THE TOP
DO NOT TRADE AGAINSt THIS TREND UNTIL CLEAR - CLEAR - CONFIRMATION OF CORRECTION COMING INTO PLAY. And this is below 9900 now!!!!
Retail Sales coming on Thursday. It was the second news to boost cable from 9211 to 97s. We have to watch it closely now. Above expectation will open room to mid-0100 / low 0200 easily....
HUGE market movers going after stops since 97s here. Do not underestimate their GREED and POWER. Stay along with those guys!!!!!!!!!!!!Ignored
DislikedOh great bull of a sage - Cesar,
Do you think the BOE interest rate hike (now massively anticipated) is, in the main, already factored into the major players positions? Do you also maybe think that the primary thrust today was super rich speculators rather than institutions? If yes, do you think that at some time the major players and national governments will intervene to bail out their currencies VS the once mighty $? Are we on the cusp of a major seachange here - or - will it be business as normal in a few months time?
Personally, I am fascinated by recent events, but more importantly frustrated. Why?, because I like routine, and, until normal service is resumed determining daily trends (and being confident of eventual recovery from misplaced judgement) is impossible at this time. It eerily has the feel of there being no way back for the $. Perhaps the Euro (Deutschmark) is now the major player..........Ignored
DislikedI was very surprised to see Cable above the 2.0 mark that easily. I mean, since my registration here in the forum I see this figure inspiring emotional discussions. And today, 2.0000 looked like another ordinary trading day in the market.
Was it speculators only, we would have seen an enormous whipsaw from 2.0020 to 9950
Blair came to the wires stating that Cable up "will help fighting inflation", so market didn't asked for another opinion or for the Queen's blessing.
Important is that USD-index is approaching its 2years low, while several */USD pairs are way above their multi-years highs.
The GBP bulls will stay around until BOE rate statement and Fri's Retail Sales may set the range. I just don't know yet when USD will at least recover from this gigantic bearish sentiment. If we have only seen the beginning of USD fall, than, as I wrote a few days ago, 2.0XXX is likely to become daily business for us.Ignored
DislikedCable continues to romp higher this morning after clearing the 2.0 mark & hitting a high of 2.0076 overnight. It has extended the topside to 2.0086 but may face hurdles above in the form of strong sell orders @ 2.0095 & option barrier @ 2.0100. More offers reported @ 2.0150, according to dealers.
- Courtesy of Market News Int'l
From my own observation, it has difficulty breaching the 2.0091 mark now..
Ignored