What will NY session see when it wakes up? | Forex Factory

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What will NY session see when it wakes up?

  • #1
  • First Post: Nov 24, 2006 6:18am Nov 24, 2006 6:18am
When they wake up in 1 hour and see the $ got clobbered will they jump on the wagon or start shorting like crazy? This is the real question. Wednsday morning they jumped on the bandwagon but has everyone just held on to there positions so theres no more jumping available? Is there a way to figure this out? And good job to everyone who said its going to be such a slow week....... Has this ever happened before? Does anyone know?
Ghost Swoopen in for my pips while no one is lookin !!
  • #2
  • Nov 24, 2006 6:40am Nov 24, 2006 6:40am
they will sh!t their pants is what
  • #3
  • Nov 24, 2006 6:41am Nov 24, 2006 6:41am
No one has experience in this matter? BK, Merlin Trucco anybody?
Ghost Swoopen in for my pips while no one is lookin !!
  • #4
  • Nov 24, 2006 6:42am Nov 24, 2006 6:42am
Quoting clam61
they will sh!t their pants is what


That was hilarious

Steve
  • #5
  • Nov 24, 2006 6:44am Nov 24, 2006 6:44am
Quoting Ghostpipper
No one has experience in this matter? BK, Merlin Trucco anybody?

Does anyone know what caused such a move as witnessed earlier?

Angie
  • #6
  • Nov 24, 2006 6:45am Nov 24, 2006 6:45am
Quoting Ghostpipper
When they wake up in 1 hour and see the $ got clobbered will they jump on the wagon or start shorting like crazy? This is the real question. Wednsday morning they jumped on the bandwagon but has everyone just held on to there positions so theres no more jumping available? Is there a way to figure this out? And good job to everyone who said its going to be such a slow week....... Has this ever happened before? Does anyone know?
I'm going to take a quick guess and say that many traders may have removed their orders from the market to be safe. There appears to have been little resistance. A force of some kind has moved in and taken full advantage of it.

...DUNNO... really really!!
Bundy's status today: "Waiting..."
  • #7
  • Edited 7:09am Nov 24, 2006 6:51am | Edited 7:09am
Quoting Ghostpipper
When they wake up in 1 hour and see the $ got clobbered will they jump on the wagon or start shorting like crazy? This is the real question. Wednsday morning they jumped on the bandwagon but has everyone just held on to there positions so theres no more jumping available? Is there a way to figure this out? And good job to everyone who said its going to be such a slow week....... Has this ever happened before? Does anyone know?
They might go back to bed.
If I Go Broke Trying Then I Will die happy.
  • #8
  • Nov 24, 2006 6:58am Nov 24, 2006 6:58am
This all happen when the u.s. was stuffing there face's. this was a well plan attack on the dollar. kept the u.s. traders at bay while all this shit was going down. there was nobody there to save the dollar.
If I Go Broke Trying Then I Will die happy.
  • #9
  • Nov 24, 2006 7:06am Nov 24, 2006 7:06am
Quoting Moe
Thay might go back to bed.
That's my opinion. I think there could be some profit taking because it is Friday, but I doubt the majority of American's want to jump in either direction after that.
The basis of a democratic state is liberty. ~ Aristotle
  • #10
  • Nov 24, 2006 7:12am Nov 24, 2006 7:12am
Quoting Vensik
That's my opinion. I think there could be some profit taking because it is Friday, but I doubt the majority of American's want to jump in either direction after that.
like the majority of us they don't no what happen, or maybe they do. http://www.forexfactory.com/forexfor...ons/icon11.gif
If I Go Broke Trying Then I Will die happy.
  • #11
  • Nov 24, 2006 7:14am Nov 24, 2006 7:14am
Quoting Moe
This all happen when the u.s. was stuffing there face's. this was a well plan attack on the dollar. kept the u.s. traders at bay while all this shit was going down. there was nobody there to save the dollar.
My first reaction was to look at the calendar.
With no reason I then thought "China" for some reason. LOL

Out of this , I tell you one thing, they could move it to the next resistance level and then it was walled in. A very powerful force STILL can't manipulate the Forex market long term?? Will there be a major correction to the short side??? (...pondering.)
Bundy's status today: "Waiting..."
  • #12
  • Nov 24, 2006 7:15am Nov 24, 2006 7:15am
Quoting Moe
like the majority of us they don't no what happen, or maybe they do. http://www.forexfactory.com/forexfor...ons/icon11.gif
People who don't know have 1 opportunity / 2 to lose or win money... :-)
  • #13
  • Nov 24, 2006 7:18am Nov 24, 2006 7:18am
Quoting Ghostpipper
No one has experience in this matter? BK, Merlin Trucco anybody?
I dont know at this point. It looks very crazy what happened, but for sure this big jump was helped from low liquidity and tons of big stops over there. Many reasons oer this. i dont see this as a typical situation, I see it as an exeption, but it could also become a new rule of the market...
the market keeps changing (who plays the market : big palyers) when their profits are less then expected. Be prepared to a new set of rules...

What you see down here is what my friend did before.. but consider that around 1.3060/65 there should be a new buying interest layer, and if it breaks and supports I think today the up trend will continue, at least today. Next week things should go back to normality. if not, I think rules changed

Quoting trucco
Well, I dont have great ideas in this moment, but this is what a friend did...

2006.11.24 13:10 EURUSD You SOLD 5 lots @ 1.3091 STOP: 1.315 TARGETS 1.3036 1.3003 1.2985

no raccomandation at all at this point

Maybe I change trading field and go on stocks !
  • #14
  • Nov 24, 2006 7:26am Nov 24, 2006 7:26am
Speaking as an American, I don't think folk here really care about the strength of the dollar- only that their dollars are invested where the strength is. And I'm especially convinced that that's true for the market makers over here (that is the banks).

I was up when the big move happened last night...not waving my stars and stripes and shorting the pound and euro...I was long @ 9165 on the pound and @ 2956 on the euro. And very happy about an hour after the U.K. session opened.

I have no respect for a "dollar". It's not because I'm unAmerican- but because it's worthless fiat like most of the other currencies- and the cospiracy theorist in me believes that the international banks have a "take-down" in mind for this wretched currency- and today's session has convinced me just that much more.

BTW, when the dollar goes down, generally speaking gold and silver bullion go up. The bullion markets reacted, albeit a few hours after the big move. Something to keep in mind for the future...
Is your SL my TP?
  • #15
  • Nov 24, 2006 7:27am Nov 24, 2006 7:27am
Quoting angiegiles00
Does anyone know what caused such a move as witnessed earlier?

Angie
I accidentaly opened a long position with 10000 lots.
  • #16
  • Nov 24, 2006 7:32am Nov 24, 2006 7:32am
I hope everyone had a blast this thanksgiving.
In deed, happy thanksgiving!!
Trucco, I am wondering whether the ECB or Europe's finance ministers are going to go crazy over this; do you, or anyone else, have any input over what the future open market ops will be like since such a strong euro is obviously detrimental to their trade balance.
  • #17
  • Nov 24, 2006 7:34am Nov 24, 2006 7:34am
Quoting TheWicker
I accidentaly opened a long position with 10000 lots.


Shucks, should have known it.......ha ha

Like your answer tho......

Angie
  • #18
  • Nov 24, 2006 7:35am Nov 24, 2006 7:35am
here we go with more $ weakness !!!!!!
Ghost Swoopen in for my pips while no one is lookin !!
  • #19
  • Nov 24, 2006 7:36am Nov 24, 2006 7:36am
They will see tha same thing we see,...yesterday i had an overview of new edition of economist,...and the news the euro capital market is gaining is on the first PAge,...Wall street is tight up,...and the previos edition there was a srinking president,...which also did no good to the usd. my thoughts only.
If I knew that would happen i wouldnt talk here, i would have a drink with melania knaus
its just money
  • #20
  • Nov 24, 2006 7:45am Nov 24, 2006 7:45am
We are truly not the number one currency no more. the pound got us by a mile. pound is the worlds strongest currency.
If I Go Broke Trying Then I Will die happy.
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