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  • #6,961
  • Apr 22, 2008 11:03am Apr 22, 2008 11:03am
I know this should be an emotionless activity but as I watch the E$ go up and through 1.6 I get mixed feelings.

It is a mix of something historic, maybe compared to the first shuttle launch or the first Apollo launch/landing (not that old) and re-arranging deck chairs on the Titanic (I live in the US) while the band plays.

Here I am making pips that will cost me later when I buy something (gas).

I'm better now. Really I am.
  • #6,962
  • Apr 22, 2008 11:04am Apr 22, 2008 11:04am
Quoting Firstboss
How do you expect the FED to intervene What will they sell? They only have more freshly printed dollars. Or do you suggest they will go short on EUR and cover it later? :-)
LMAO
  • #6,963
  • Apr 22, 2008 11:04am Apr 22, 2008 11:04am
Fundamentally speaking, can anyone support why EUR/USD will continue to go up? I don't buy into it being oil-driven. That's correlation, not causation. I still think this is all just volatility.
  • #6,964
  • Apr 22, 2008 11:05am Apr 22, 2008 11:05am
Its odd isn't, feeling elated about currency movements

5pm London time to the T...flex yo!
Money & Pain Respect the market, protect your capital, be patient
  • #6,965
  • Apr 22, 2008 11:10am Apr 22, 2008 11:10am
Quoting kharvell
Fundamentally speaking, can anyone support why EUR/USD will continue to go up? I don't buy into it being oil-driven. That's correlation, not causation. I still think this is all just volatility.
Believe me, I couldn't support the E$ going higher at many points back in recent history, I have the damage to show for it.

Quite possibly, but who is making more, big oil or big banks?

I am not arguing as I have not figured out between oil & E$ if it's the dog wagging the tail or the other way around.
  • #6,966
  • Apr 22, 2008 11:19am Apr 22, 2008 11:19am
I just longed e/u for my next 20pips target at 1.6010

Stop loss at 40pips.

Loving this ride.

I think it will go and hit 1.6050 easily later.
  • #6,967
  • Apr 22, 2008 11:20am Apr 22, 2008 11:20am
Quoting Fx_Genius
Believe me, I couldn't support the E$ going higher at many points back in recent history, I have the damage to show for it.

Quite possibly, but who is making more, big oil or big banks?

I am not arguing as I have not figured out between oil & E$ if it's the dog wagging the tail or the other way around.
Genius,

I enjoy your commentary so don't feel like I'm coming down on you; just expressing my opinions.

Nobody knows it now, but nobody wins if USA loses. It's just a matter of time until the whole world is affected. Oil companies don't like USA being broke. USA likes oil, but there is a green movement underway.

Do not make the mistake of oversimplifying the markets. It's not a matter of the dog chasing the tail or the tail chasing the dog. When the ball is thrown both go after the ball. It's world events that will affect both oil and EUR/USD in certain ways. Sometimes there is a correlation one way or the other, but it does not mean this is a certainty. It is the external factor that affected them, they did not affect each other. With this being said, higher oil prices will of course affect economies, so in that sense there could be causation. In this instance (today) I do not believe it is causation.
  • #6,968
  • Apr 22, 2008 11:27am Apr 22, 2008 11:27am
Quoting kharvell
It's not a matter of the dog chasing the tail or the tail chasing the dog. When the ball is thrown both go after the ball.
Well put.
  • #6,969
  • Apr 22, 2008 11:49am Apr 22, 2008 11:49am
My best market indicator correction thee best market indicator in existance, just shorted this puppy, so expect 1.7000 for the weeks end

Just like trying to head butt a train doing 100mph, crazy!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #6,970
  • Apr 22, 2008 12:06pm Apr 22, 2008 12:06pm
Quoting Turveyd
My best market indicator correction thee best market indicator in existance, just shorted this puppy, so expect 1.7000 for the weeks end

Just like trying to head butt a train doing 100mph, crazy!!
Where can I download that indicator? and what settings do you use?
  • #6,971
  • Apr 22, 2008 12:12pm Apr 22, 2008 12:12pm
Quoting fxstman
Where can I download that indicator? and what settings do you use?
Well the more lots he starts off with the faster it'll get there
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #6,972
  • Apr 22, 2008 12:15pm Apr 22, 2008 12:15pm
Quoting Turveyd
Well the more lots he starts off with the faster it'll get there
Gotcha, set my lot settings to 300,000 Thanks!
  • #6,973
  • Apr 22, 2008 12:20pm Apr 22, 2008 12:20pm
Just when you think nothing is going to happen - happens. How unpredictable can a market be? I expected it to reach 1.6 but didn't think it would be today. No clue what's pushing it at the moment...
  • #6,974
  • Apr 22, 2008 12:36pm Apr 22, 2008 12:36pm
Yep, weak all day, then a 30pip sell off then up up and away, thats forex for you i guess.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #6,975
  • Apr 22, 2008 12:59pm Apr 22, 2008 12:59pm
Housing didn't help, neither did oil making historic highs, neither did weak earnings. I expect fireworks in the Euro session, with the Dow looking shaky we might see a try for 1.62 we're in uncharted territory and from what I was reading there are some who say there's nothing between 1.06040 and 1.68. Go figure. All based on synthetic projections of course.
Patience + Humility + Study = Success
  • #6,976
  • Apr 22, 2008 1:05pm Apr 22, 2008 1:05pm
Quoting DutchTrader
Housing didn't help, neither did oil making historic highs, neither did weak earnings. I expect fireworks in the Euro session, with the Dow looking shaky we might see a try for 1.62 we're in uncharted territory and from what I was reading there are some who say there's nothing between 1.06040 and 1.68. Go figure. All based on synthetic projections of course.
uncharted territory thats the problem for the shorters there is no over head historic resistance levels.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #6,977
  • Apr 22, 2008 1:10pm Apr 22, 2008 1:10pm
Quoting Turveyd
uncharted territory thats the problem for the shorters there is no over head historic resistance levels.
Yep, that's why the pair behaves erratically at these levels and reacts to politicians chatter like a scared virgin on her wedding night.
Patience + Humility + Study = Success
  • #6,978
  • Apr 22, 2008 1:49pm Apr 22, 2008 1:49pm
Bush denies U.S. economy in recession
  • #6,979
  • Apr 22, 2008 1:55pm Apr 22, 2008 1:55pm
Quoting Fx_Genius
Bush denies U.S. economy in recession
LoL
  • #6,980
  • Apr 22, 2008 1:57pm Apr 22, 2008 1:57pm
Quoting DutchTrader
Yep, that's why the pair behaves erratically at these levels and reacts to politicians chatter like a scared virgin on her wedding night.

Hmmm scared virgin, wedding night especially in dutch land LOL never happen unless there really ugly and parents are millionaires!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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