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  • #5,221
  • Mar 6, 2008 8:31am Mar 6, 2008 8:31am
This chart is how I know longs are better than shorts. When you see there isn't a perfect trend, then the trend will be over.....
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  • #5,222
  • Mar 6, 2008 10:00am Mar 6, 2008 10:00am
Quoting kharvell
This chart is how I know longs are better than shorts. When you see there isn't a perfect trend, then the trend will be over.....
Great call for sure, will be adding more next week!
  • #5,223
  • Mar 6, 2008 11:20am Mar 6, 2008 11:20am
Have gone long since 2 weeks ago.
Yahoo...Dollar will hit 1.5500 tomorrow and probably 1.5700 by end of next week. Learn to Love ECB and FEB presidents. Continue the good works, you make fx trading so much easy.
  • #5,224
  • Mar 6, 2008 11:28am Mar 6, 2008 11:28am
Quoting kharvell
This chart is how I know longs are better than shorts. When you see there isn't a perfect trend, then the trend will be over.....
okay.. Kevin, now next targets 1.54-65 and then 1.56, according to weekly charts possible.
will quote here again Merrill forecast and 1.57 is also Possible.. not in one jump..correction is due ..
  • #5,225
  • Mar 6, 2008 11:57am Mar 6, 2008 11:57am
Quoting Hammad
okay.. Kevin, now next targets 1.54-65 and then 1.56, according to weekly charts possible.
will quote here again Merrill forecast and 1.57 is also Possible.. not in one jump..correction is due ..
I entered long again @ 1.5347 with a T/P @ 1.5397. Like I said, I'm no fortune teller, so I'll leave the predictions to them, but at this moment, I must agree that the trend is long..

Good luck!
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  • #5,226
  • Mar 6, 2008 12:23pm Mar 6, 2008 12:23pm
Quoting kharvell
I entered long again @ 1.5347 with a T/P @ 1.5397. Like I said, I'm no fortune teller, so I'll leave the predictions to them, but at this moment, I must agree that the trend is long..

Good luck!
Wow.. I entered at 1.5357 little later after confirmation of 15min Pinbar target is same R2..
lets see..
  • #5,227
  • Mar 6, 2008 12:50pm Mar 6, 2008 12:50pm
Quoting slappy
im not thinking there will be a pullback today....alot of bad news for the dollar including news that china is selling off their dollars

What was the bad news on $. Unemployment is down and pending home sales are better than expected. I see the last 2 days as the dollar is heading for a turn.
I did mention the need for one more rally up to new levels befor a turn around. Maybe this will be it.
In the coming months the housing market will look better just because its becoming that time of year. All months look good compared to February in new home construction. This will help the dollar because its the housing slump thats the problem. Soon as housing numbers look substantially better there will be a bandwagon of dollar bulls jumping in.

Keep one eye on housing starts and one eye on the charts.
  • #5,228
  • Mar 6, 2008 1:32pm Mar 6, 2008 1:32pm
Quoting xxDavidxSxx
What was the bad news on $. Unemployment is down and pending home sales are better than expected. I see the last 2 days as the dollar is heading for a turn.
I did mention the need for one more rally up to new levels befor a turn around. Maybe this will be it.
In the coming months the housing market will look better just because its becoming that time of year. All months look good compared to February in new home construction. This will help the dollar because its the housing slump thats the problem. Soon as housing numbers look substantially better there will be a bandwagon of dollar bulls jumping in.

Keep one eye on housing starts and one eye on the charts.
It's always very telling the even when good/ or decent news comes out that the Dollar still slips. This today was the tone Trichet took when referring to absolutely no plans for a rate cut and his overall bullish outlook on the European economic situation.
USD Est Non Mortuus
  • #5,229
  • Edited 4:14pm Mar 6, 2008 1:39pm | Edited 4:14pm
Quoting xxDavidxSxx
What was the bad news on $. Unemployment is down and pending home sales are better than expected. I see the last 2 days as the dollar is heading for a turn.
I hate to say it but I don't think the $ will turn as long as we have this in our government. I have been looking at what has happened in the past 2 days and the EUR keeps going up while my acct went down (I know, I know, don't trade against the trend!!). I'm down but not out. At least for the short term (9-10 months?) the Euro seems to be immune all influences that would take it down.

Unemployment is not down just the Unemployment Claims of first time filers. The unemployment rate (The actual people out of work) is projected to go up from 4.9% to 5.0% (based on a US population of 303,576,556 and 53% of population working age the 0.1% change is equal to 1,608,955 more unemployed people!!

The pending home sales are just that, pending sales. The company I work for has about $12 million in pending sales, but you can't count it till it's sold. Given that there is no adjustment or differential made between pending and sold homes or canceled contracts, this number at best is a lagging indicator by 60-90 days.

I have been expecting a downturn in the Euro but I can't go any longer (Shorter?) with this pair. This pair will keep going up for a while and so will I.

"When you see there isn't a perfect trend, then the trend will be over....." kharvell. Well said, should have listened sooner.
  • #5,230
  • Mar 6, 2008 3:09pm Mar 6, 2008 3:09pm
Alright, last trade completed for another 50. 10 in a row is always nice.

I'm done for the day,

Good luck everyone.
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  • #5,231
  • Mar 6, 2008 3:10pm Mar 6, 2008 3:10pm
there will be 100 pip spike tomorrow after NFP and price will touch 1.5500 and then you will see a 300 pips reversal in the same day and next week we will test 1.5000
  • #5,232
  • Mar 6, 2008 3:14pm Mar 6, 2008 3:14pm
Quoting kharvell
I entered long again @ 1.5347 with a T/P @ 1.5397. Like I said, I'm no fortune teller, so I'll leave the predictions to them, but at this moment, I must agree that the trend is long..

Good luck!
Okay kevin, I tped mine .. at 1.5392 because my eyes are Red now haven't slept since 24 hours.. so going for 6 hours nap..
Enjoy ur Ride buddy..
See you around..
P.S aaa AU long sounds good..
  • #5,233
  • Mar 6, 2008 3:16pm Mar 6, 2008 3:16pm
Quoting kharvell
Alright, last trade completed for another 50. 10 in a row is always nice.

I'm done for the day,

Good luck everyone.
priced haven't touched 1.5397.. okay you must have Tped early like me
Okay Enjoy.. have a nice day or night..
I might look for AU now..
  • #5,234
  • Mar 6, 2008 3:30pm Mar 6, 2008 3:30pm
Taking profit 5387 . 60 more booked. Weird day though.
USD Est Non Mortuus
  • #5,235
  • Mar 6, 2008 3:39pm Mar 6, 2008 3:39pm
Quoting LuckyLurker
Taking profit 5387 . 60 more booked. Weird day though.
Congratulations Luckylurker.. Keep it up..
  • #5,236
  • Mar 6, 2008 3:45pm Mar 6, 2008 3:45pm
Quoting Fx_Genius
I have been expecting a downturn in the Euro but I can't go any longer (Shorter?) with this pair. This pair will keep going up for a while and so will I.
well have in mind that u are pricing in a rate cuts, by 0.5%...
its just money
  • #5,237
  • Mar 6, 2008 4:00pm Mar 6, 2008 4:00pm
Quoting de123
well have in mind that u are pricing in a rate cuts, by 0.5%...
we might see 1st rate cut from ECB in June.. They need recession also, 0.75% will be cut by ECB this year..
  • #5,238
  • Mar 6, 2008 4:02pm Mar 6, 2008 4:02pm
Quoting Hammad
we might see 1st rate cut from ECB in June.. They need recession also, 0.75% will be cut by ECB this year..
They were such pricks about it today though.. using very strong language against. I hate the games these people play.
USD Est Non Mortuus
  • #5,239
  • Mar 6, 2008 4:22pm Mar 6, 2008 4:22pm
Sorry boys, but why are u keepin' talkin' about a rate cut?

#1 Bernanke pushed the interest rates to high - now he is pushin'
/ has to push' them down far further than Mr. Trichet
Who, in my opinion, just stayed cool enough to stay at 4%.

#2 The EUR has been loosin' incredibly today!
Against CHF (- 0.71) as well as against JPY (- 0,68) as well
as against GBP (- 0,22) - who cares about that he won a
little against USD (+ 0,66)?

#3 The numbers of jobs is still increasin' - on a level as high as
it hasn't been seen in germany for a while.

Now, what am i missin' that every editor and every forum poster
is talkin' about a rate cut from Trichet?
Is it maybe the idea, that the EU is just the little brother of US?


Be carefull, you might be mistaken here.

Additionally, the FED unlike the ECB has to keep an eye on the number of
jobs created.
The ECB doesn't have that on her checklist. They look at the economy.
But there is nowhere stated, that they should supply jobs for everyone.

Further more (year, sorry, but that's my last point) - the ECB has, unlike
the FED, the task to keep attention (little - but still) on the energy prices
- now, do you expect them to become any cheaper?

Now, who of you thinks, the ECB is just another FED for Europe?
It ain't.

Now, let me here your voice please, if you're expectin' the ECB to cut rates
- any fundamentals are appreciated.

Please include, why do you expect energy prices to fall!
  • #5,240
  • Mar 6, 2008 4:42pm Mar 6, 2008 4:42pm
Quoting tojoko
#2 The EUR has been loosin' incredibly today!
Against CHF (- 0.71) as well as against JPY (- 0,68) as well
as against GBP (- 0,22) - who cares about that he won a
little against USD (+ 0,66)?
In Addition to NZD as well..

This could indicate a sell off on EUR/USD soon. I don't really care though, I'll make pips either way.
USD Est Non Mortuus
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