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  • #17,161
  • Jul 31, 2008 12:19pm Jul 31, 2008 12:19pm
Ive a strange feeling the EU won't move much from where it is at, until tomorrow NFP, unless tonight it anticipates a poor NFP. Could also see EU go up above 5600 around NY close. I just don't know what to think. I am still long EU, but I will be out of my long before NFP, unless EU gets above 5700 by tonight.
  • #17,162
  • Jul 31, 2008 12:24pm Jul 31, 2008 12:24pm
Quoting Shadowfx
Dust settling a bit...still 2 shorts open...looks like the EUR will eventually settle around the Monthly Pivot (1.5633) for now..how appropriate on the 31st of July...

I cant tell myself enough how valuable these pivot levels have been over and over...

Time to relax, dip in the pool & re-energize..

Later all..
Nice...even lower, heading towards the Daily Pivot @ 1.557, nothing better then leaving the screens..coming back and collecting profits...

This only strengthens my believe in my first chart post today...The Double Top...

Lets see how it works out...

As always...Just my 2 Cents...
  • #17,163
  • Jul 31, 2008 12:43pm Jul 31, 2008 12:43pm
Hmm....
Attached Image
  • #17,164
  • Jul 31, 2008 12:44pm Jul 31, 2008 12:44pm
Quoting Clouds
Ive a strange feeling the EU won't move much from where it is at, until tomorrow NFP, unless tonight it anticipates a poor NFP. Could also see EU go up above 5600 around NY close. I just don't know what to think. I am still long EU, but I will be out of my long before NFP, unless EU gets above 5700 by tonight.
pls what time would the nfp be released? in GMT
  • #17,165
  • Jul 31, 2008 12:46pm Jul 31, 2008 12:46pm
imo current sidemove is the second bear flag
higher rise quicker and lower falls.
after breakout target is around 5430
  • #17,166
  • Jul 31, 2008 12:46pm Jul 31, 2008 12:46pm
Some news this morning that several large US investments banks dumped their EURO longs.

CTA's continue to sell on rallies.

Sellers continue to dominate the flow today with only a few brave bulls making feeble attempts at a retrace.

I'll repeat what I said several days ago.

It doesn't matter what NFP paints... could be the worst on record... smart money will be looking for opportunities to sell.
  • #17,167
  • Jul 31, 2008 12:50pm Jul 31, 2008 12:50pm
Quoting acumen
Some news this morning that several large US investments banks dumped their EURO longs.

CTA's continue to sell on rallies.

Sellers continue to dominate the flow today with only a few brave bulls making feeble attempts at a retrace.

I'll repeat what I said several days ago.

It doesn't matter what NFP paints... could be the worst on record... smart money will be looking for opportunities to sell.
Amen to that...
  • #17,168
  • Jul 31, 2008 12:52pm Jul 31, 2008 12:52pm
Quoting acumen
Some news this morning that several large US investments banks dumped their EURO longs.

CTA's continue to sell on rallies.

Sellers continue to dominate the flow today with only a few brave bulls making feeble attempts at a retrace.

I'll repeat what I said several days ago.

It doesn't matter what NFP paints... could be the worst on record... smart money will be looking for opportunities to sell.
maybe we are at a top, maybe not, but just because some investment banks dumped their longs at 1.57 after buying them at 1.56 doesn't change things. not all investment banks are successful, and lately it's the US ones that are unsuccessful. Anyway, it's good info, but there's no magic map to forex. proper r/r and some tech is only way help. also, i'm sure many investment banks have been dumping their longs since 1.6, the chart says that, but u or i dont know future
  • #17,169
  • Jul 31, 2008 12:56pm Jul 31, 2008 12:56pm
...go aussy, go fiber ...dont tell me the bears still exist?
its just money
  • #17,170
  • Jul 31, 2008 12:56pm Jul 31, 2008 12:56pm
could history repeat itself? Break of the trend line?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd daily.jpg Size: 109 KB
  • #17,171
  • Jul 31, 2008 12:57pm Jul 31, 2008 12:57pm
Quoting acumen
Some news this morning that several large US investments banks dumped their EURO longs.

CTA's continue to sell on rallies.

Sellers continue to dominate the flow today with only a few brave bulls making feeble attempts at a retrace.

I'll repeat what I said several days ago.

It doesn't matter what NFP paints... could be the worst on record... smart money will be looking for opportunities to sell.
the time is come baby
eurusd from 0.8 to 1.6 so lets average this to 1.3
  • #17,172
  • Jul 31, 2008 1:02pm Jul 31, 2008 1:02pm
Quoting de123
...go aussy, go fiber ...dont tell me the bears still exist?
We need more people join our team! or bears need hibernate for couple weeks
  • #17,173
  • Jul 31, 2008 1:04pm Jul 31, 2008 1:04pm
Quoting Clouds
We need more people join our team! or bears need hibernate for couple weeks
...yeah...lets start talking,..short aussy short euro,..and u will se 1.0 and 2.0,..in no time...
its just money
  • #17,174
  • Jul 31, 2008 1:04pm Jul 31, 2008 1:04pm
Quoting Clouds
We need more people join our team! or bears need hibernate for couple weeks

Clouds,

Thoughts on the Aussie?
  • #17,175
  • Jul 31, 2008 1:04pm Jul 31, 2008 1:04pm
Gold at 100 day MA 913.25, watching it, watching it
  • #17,176
  • Jul 31, 2008 1:07pm Jul 31, 2008 1:07pm
Quoting Clouds
We need more people join our team! or bears need hibernate for couple weeks
People often get thrown out of the cart on the tight curves of the Forex roller-coaster... The trick is to land on the cushions and stick through the best runs..
(Yeah, boring markets bring out the philosophical and the poetic in people..)
On the path to Enrichment.
  • #17,177
  • Jul 31, 2008 1:15pm Jul 31, 2008 1:15pm
Quoting ma_cowburn
could history repeat itself? Break of the trend line?
one of the few charts so far today that has made any sense.
TRADE FOR SWAP
  • #17,178
  • Jul 31, 2008 1:20pm Jul 31, 2008 1:20pm
Quoting kirana
i guess so,..the end of ew should be fihished by tomorrow.
i mean C wave.
my understanding about ew is not very good.. my trade is based on a very simple technical system.. but until now Im still alive
too many indicators.. I got confused.. I just stick to the basic ones
Money often costs too much...
  • #17,179
  • Jul 31, 2008 1:21pm Jul 31, 2008 1:21pm
Quoting poweredbuyer
Clouds,

Thoughts on the Aussie?
No thoughts, but I am long. Here's chart.
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 24.png Size: 17 KB
  • #17,180
  • Jul 31, 2008 1:23pm Jul 31, 2008 1:23pm
Going, Going...

Do I hear a .5550 close?

I hope not.

I'd like to sell at a higher level.

Buy bulls BUY!!!!
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