EURUSD

The dollar is being flushed down the toilet .... soon, the toilet will not accept any more dollar too ... LOL :surprised

something like thatr i guess....

long in u/chf at 1.0750.... but not very smart move.
i really was thinking this pair was going down.

Monday....
- that day on the morning a great report in bloomberg about swissy and the future of usd. they basically telling the market gone in cycles and usd should recover even as usa economy faltered cause europe economy were also in trouble and trichet would lower rates even as he doesnt not want it.

- later in dailyfx.com. analisys of u/chf saying, we finally know where u/chf is headed, and its true, the last 2 months they did not have an idea.
there even targeting 1.50 in the long term.

- that night, pfxglobal.com , showing why he was pretty bullish on usd/chf as thir pair was overextended.

in thursday morning the nightmare started. suddenly the eruopean ifo report came good. but euro did not gain too much by the moment.

next day a great institutional trader of managed funds in gft.
started to make calls about u/chf when it was below 1.0800 area.

so what did i do? jumped. with a crazy risk. very crazy risk as i did back on my noobish days.
but u/chf has plummeted even a faster rate then eu and + to that chf employment rerpot came good.

but probably there is something to be learnt.
dont trust others.... Trust Yourself!.

I'm so stupid !

I need huge hammer to hit my head !

I should have listen to you guys

Damn it euro! missed the train. I'm waiting on the sidelines. Everytime i see a daily close higher, i just die a little inside


on the bright, at least i'm not shorting this madness

I think the retracement was limited to 1.5070/80 and it reach fib projection.
I prefer buying dips as monthly charts are overbought and argue for a correction. Do not exit your longs, just exercise some caution.

I do not want to trust the market will take us to 1.55 before a slip into low of 1.51/50 at least now. But lets us, I am probably wrong.

I had no chance to get longs, so I will wait for a big dip to get in.

from this point on the dollar will take a relief, bellieve me

is known when uj reach 105 lower, the boj start supporting the dollar, lol
and dont call me a crazy theorist. they just expressed it....

also this could spark some rally from the banks who are obsessed with the idea of usd reaching again 1.3500.

many big boys got caught at position around 1.50... they wont lose so easy.
they control in part the market. of course discounting the big red dragon (china) who is happy politically with the destruction of usd.

and after all of 90% speech of ben smashing the usa economy at least he said, usa was not likely to fall into stagflation and said,
2008 end would start recovery. lets see..... how traders take this.
remembers we have gone from 1.29 to 1.52 in a few months cycle. this could be reversed at any point, europe economy is not inmune.

The euro is bouncing around like a cat on acid!!

untill it starts going down its gonna keep going up.

Just figured I'd state the obvious like every one else.

I get it now-I've been doing it all wrong!!


[quote=xxDavidxSxx;1875691]

untill it starts going down its gonna keep going up.

Let us be logical though. The US economy will face bad time. Regarding USDJPY, excuse me, usdjpy is heading in a longer term downtrend to test 100 then 95.

And this move is coming, the usdjpy decline wave three of three will begin in a month approx to target 100 and below.

I only see a small dollar rally infront of more losses, and more suffering thats it.

yeah, the euro bulls are a case of deep analisys....
but thats true, probably the euro bulls are full of cash, $$$power$$$
while the usd bulls are broken...

I don't think the Japs will let the dollar go that low against their currency. Otherwise, nobody in the US will be buying Hondas, Toyotas, Sony, and other Japanese made products, because it will be way too expensive.

That's true. I think US going to have to have a change of heart about policy because ignoring the dollar and the affects on inflation is just a HUGE mistake. I'm opening new short here...lol. It's just peanuts.

LOL, dollar dropped to 1.52 just when bush said he was for a strong dollar.
(hahahahaah, the only, only one, who has smashed, killed, created debt for the dollar has been him).

how the americans dare to hire people like this for the job.
well can not say too much, we also hired hugo chavez

We didn't. Thats the thing.

This thing has gone 600-800 pips with no significant retrace. I will start to lean toward the retrace possibility now.

Interesting point Lucky!

I am long usdchf now.. aiming at a modest bounce, its stalling still

come on usd, dont stall....

finally a decent fight around 1.5210-1.5220...
hope this pair collapse, wohohohhoho..... how it went up comes down.

During this uptrend i always considered a suicide to go short, but, i shorted at 1.5202, i'm with you bears (all the bears who shorted eur-usd)

Come on!! let it go down!!!