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  • #4,721
  • Feb 27, 2008 2:30pm Feb 27, 2008 2:30pm
today ....... I know I am. And G/U may go the other way? IMO
  • #4,722
  • Feb 27, 2008 2:34pm Feb 27, 2008 2:34pm
I will try tiny shorts on euro here with 20 pip objective..counter trade but its very overbought
  • #4,723
  • Feb 27, 2008 2:45pm Feb 27, 2008 2:45pm
USD is crashing!.

this is not a rally like when we gone from 1.35 to 1.49.
cause even europe is in economic problems. and commodities are going up like crazy.

anyone please put a stop to this craziness or my balance will be $0
  • #4,724
  • Feb 27, 2008 2:48pm Feb 27, 2008 2:48pm
I personally am looking for the dollar to rebound as well. Picking a top is difficult since the world has gone EURO crazy. I already lost too much money... time to sit in front of the TV.
  • #4,725
  • Feb 27, 2008 2:50pm Feb 27, 2008 2:50pm
Quoting acidguy

anyone please put a stop to this craziness or my balance will be $0

All the time frames are in major up trend, there is no reason to be placing shorts.
When a surfer tries to ride the waves does he surf with or against the waves? How well could one surf against the waves? You'll be eating sand!
For the love of.....
  • #4,726
  • Feb 27, 2008 2:58pm Feb 27, 2008 2:58pm
Quoting acidguy
USD is crashing!.

this is not a rally like when we gone from 1.35 to 1.49.
cause even europe is in economic problems. and commodities are going up like crazy.

anyone please put a stop to this craziness or my balance will be $0
LOL ... I'm in the same boat as you are ... heading towards $0.00
  • #4,727
  • Feb 27, 2008 3:01pm Feb 27, 2008 3:01pm
Here is a good example of with the trend entry. Maybe a small trade if it stall out, or maybe another 100 pips come tomarrow. When it dipped below 1.5100 and quickly drew back above it I could see it wasn't ready yet to go down.

http://img411.imageshack.us/img411/1...hetrendbt8.gif
  • #4,728
  • Feb 27, 2008 3:16pm Feb 27, 2008 3:16pm
Euro is going up but I am profiting with my tiny shorts as it goes up and up, RSI on a 4hr horizon is at 85 or so. We are ahead of a correction, but no, not what you wish for. Small dip below 1.5100
  • #4,729
  • Feb 27, 2008 3:17pm Feb 27, 2008 3:17pm
No sooner I posted that I closed that trade.

Price failed to reach the high and the day is coming to a close in NY so relax time.
Watch to see if it retests 1.5100 or what ever. A break to new highs might warrant another long. But a break below might put a short term top in place.
  • #4,730
  • Feb 27, 2008 3:22pm Feb 27, 2008 3:22pm
Quoting WTB
I'd like to see a healthy pullback to cheaper levels (1.4950) before joining the longs. I wouldn't like to hop in at the top of the breakout thrust.
Excellent chart, i have been wating for this move for a while back . I'll be joining longs as well!

S
  • #4,731
  • Feb 27, 2008 3:22pm Feb 27, 2008 3:22pm
Yes David, price stalled near important objective 1.5175. Fib. While this can offer resistance and a dip below 1.51, i still think the market will test higher again.

right now, i am closing out shorts but leaving one to run with tp at 1.5090 i also have tiny usdchf long.. both counter, but I am getting out of them really tight..
  • #4,732
  • Feb 27, 2008 3:22pm Feb 27, 2008 3:22pm
Be safe Bernanke speaking again tomorrow! He's making euro/usd rise today and can do it again tomorrow. I will wait for correction confirmation before adding shorts and will stay buying euro/usd on the corrections.
  • #4,733
  • Feb 27, 2008 3:28pm Feb 27, 2008 3:28pm
Quoting blyestyachee
Be safe Bernanke speaking again tomorrow! He's making euro/usd rise today and can do it again tomorrow. I will wait for correction confirmation before adding shorts and will stay buying euro/usd on the corrections.
The market is gonna do what its gonna do. But will wait untill he speaks to do it. Probly don't matter what he says.
But you know, the lower the dollar goes, the better position the banks can get for the inevitable recovery. Those lucky enough to recognize it will make a fortune.

Edit: I am sure the banks have there eye on a level and will place the orders big enough to reverse market as they take profit, and reverse positions.
  • #4,734
  • Feb 27, 2008 3:32pm Feb 27, 2008 3:32pm
Things I have learned.
1) Watching shorts go so long that it's a "Super Wedgie*" hurts (-300 pips).
2) Having enough room not to margin out until 1.53 helps.
3) Having a hedge account for times like this that is up +150 pips, Priceless.

At some point will have to eat the loss, but should be ok on transfer from hedge acct.

* A "Super Wedgie" is the condition of having one's underwear or other garments "wedged" between the buttocks with the garment being pulled over your head.
  • #4,735
  • Feb 27, 2008 4:07pm Feb 27, 2008 4:07pm
China at the top... US at the bottom. This puts things into perspective.


https://www.cia.gov/library/publicat.../2187rank.html
  • #4,736
  • Feb 27, 2008 4:40pm Feb 27, 2008 4:40pm
Quoting strautsbros
China at the top... US at the bottom. This puts things into perspective.


https://www.cia.gov/library/publicat.../2187rank.html

the danger there is germany. thats what drive us here
  • #4,737
  • Feb 27, 2008 5:15pm Feb 27, 2008 5:15pm
Quoting xxDavidxSxx
All the time frames are in major up trend, there is no reason to be placing shorts.
When a surfer tries to ride the waves does he surf with or against the waves? How well could one surf against the waves? You'll be eating sand!
For the love of.....
Guys who shred, surf with and against the waves. They call it carving.
  • #4,738
  • Feb 27, 2008 5:19pm Feb 27, 2008 5:19pm
Quoting Fx_Genius
Things I have learned.
1) Watching shorts go so long that it's a "Super Wedgie*" hurts (-300 pips).
2) Having enough room not to margin out until 1.53 helps.
3) Having a hedge account for times like this that is up +150 pips, Priceless.

At some point will have to eat the loss, but should be ok on transfer from hedge acct.

* A "Super Wedgie" is the condition of having one's underwear or other garments "wedged" between the buttocks with the garment being pulled over your head.
I picked a good time to start using stop loss orders, that was one hell of a move...look at the H4.
  • #4,739
  • Feb 27, 2008 5:22pm Feb 27, 2008 5:22pm
Quoting strautsbros
China at the top... US at the bottom. This puts things into perspective.


https://www.cia.gov/library/publicat.../2187rank.html
No fear, the US can print more money to make up losses ...
  • #4,740
  • Feb 27, 2008 5:37pm Feb 27, 2008 5:37pm
Quoting TIckerShuffl
Guys who shred, surf with and against the waves. They call it carving.
To carve is to take away from. Like what happened to accounts shorting this strong up trend
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