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  • #54,401
  • Jan 6, 2009 6:17pm Jan 6, 2009 6:17pm
Hi all - long time lurker .. first post ...

just my 2c - i'm also puzzled but my bias will be long as the daily charts formed a pin bar at a fib level
  • #54,402
  • Jan 6, 2009 6:21pm Jan 6, 2009 6:21pm
Quoting Bullfx
Dollar to Extend Near-Term Gains Versus Euro, Bank of Tokyo's Hardman Says The dollar may extend its near-term gains, “especially against the euro, which appears vulnerable,” Lee Hardman, a currency strategist at Bank of Tokyo-Mitsubishi UFJ Ltd. in London, wrote in an investor report today. So is G/U.
GU should not go down today. euro is a more likely candidate.
  • #54,403
  • Jan 6, 2009 6:26pm Jan 6, 2009 6:26pm
The EU is headed south

4hr EMAS are pointing down

Stochs are in a hidden divergence or continuation divergence, so down,

I think we could se 1.33 or less

My opinion
  • #54,404
  • Jan 6, 2009 6:28pm Jan 6, 2009 6:28pm
Quoting cobraforex
Important is to understand the trade and follow it up with open eyes and not blindly.
You got that right Cobra.

Quoting cobraforex
It’s nice to learn from the older ones
Watch it or I'll slap your A$$ ya little whippersnapper.

Glad I helped.
  • #54,405
  • Jan 6, 2009 6:31pm Jan 6, 2009 6:31pm
Quoting iii
GU should not go down today. euro is a more likely candidate.
Hrmm.. does that mean the euro is a more likely candidate to continue to weaken today?
  • #54,406
  • Jan 6, 2009 6:31pm Jan 6, 2009 6:31pm
Until London opens or even more NY tomorrow, i'll be short to neutral biased, it's a gamble to assume longs for now. Until friday when the big news from the US come we should expect continuous dollar strength.

BUT a lot as been priced in already, we may hit a sideways zone for some time, like we had after the bull run in December. Time to react not act, its my position right now.

As always, my humble 2c to help and clarify a bit, there are lots of wild claims around, we should stick to what we have in front of our eyes.
Traders are smartasses
  • #54,407
  • Jan 6, 2009 6:33pm Jan 6, 2009 6:33pm
Quoting PipPipPip
Hrmm.. does that mean the euro is a more likely candidate to continue to weaken today?
Si, senor.
  • #54,408
  • Jan 6, 2009 6:40pm Jan 6, 2009 6:40pm
Quoting cobraforex
Do you think that Yuro will make a good pair with mine?

Ha Ha! That's a great pic. Good to hear from you, my friend. Hope all is well with you in the New Year...
  • #54,409
  • Jan 6, 2009 6:44pm Jan 6, 2009 6:44pm
It's still continuing to hover over the daily pivot as well as the weekly S2. I still think it will go south.

US has that Obama stimulus plan for motivation to continue its rise, while I don't see why the Euros will get that added boost to surge up. And its economic outlook looks bleak as well.

Anyone with an opinion on why it will go long for any valid reason at all?
  • #54,410
  • Jan 6, 2009 6:48pm Jan 6, 2009 6:48pm
Quoting iii
Si, senor.
cumo estas? sorry, thats the only word i know... i wonder if it will retrace back up to this mornings (chart time) rates... hrmmm
  • #54,411
  • Jan 6, 2009 6:49pm Jan 6, 2009 6:49pm
Quoting pzarker
would you be willing to back that up with something? i mean maybe Im missing something big but everything Im seeing is pointing to downwards movement/indecision, then again it wouldn't be the first time i've missed something obvious..

Fundamintally:

IThe downtrend last few days only a bounce of the long wave happened after a wide purchase before two weeks when US federal cut intrest rate and the latest news from US Federal Bank minutes statement today:
( Its useful to keep intrest rate low)

for more details :
http://www.forexfactory.com/news.php?do=news&id=142975

The investrs will not sell Euro unless they have good news from US or bad news from Europe ( Next week Euro intrest rate decision will guide the market - i don't expect any cut) - In General, Euro is stronger than USD in term of intrest raetes, supported by oil and gold prices.

Technically:

The chart / Elliot/ Supply& demand templates are attached.
  • #54,412
  • Jan 6, 2009 6:52pm Jan 6, 2009 6:52pm
Quoting Katalyst
It's still continuing to hover over the daily pivot as well as the weekly S2. I still think it will go south.

US has that Obama stimulus plan for motivation to continue its rise, while I don't see why the Euros will get that added boost to surge up. And its economic outlook looks bleak as well.

Anyone with an opinion on why it will go long for any valid reason at all?
a bullish triangle that is ready to pop in about 9 minutes.
  • #54,413
  • Jan 6, 2009 6:52pm Jan 6, 2009 6:52pm
Quoting Turhovach
Ha Ha! That's a great pic. Good to hear from you, my friend. Hope all is well with you in the New Year...
Hi Bo, I'm very fine, high season in the hotel, high season on THV trading, what else I want.

Best for you as well
  • #54,414
  • Jan 6, 2009 6:55pm Jan 6, 2009 6:55pm
It's trying to break clean past daily pivot right now.

Hopefully this will be the sign of the bears to enter to push it to S1.



Quoting klinckphilip
a bullish triangle that is ready to pop in about 9 minutes.
  • #54,415
  • Jan 6, 2009 6:57pm Jan 6, 2009 6:57pm
+ 42 pips as I write this.
  • #54,416
  • Jan 6, 2009 6:58pm Jan 6, 2009 6:58pm
I have two short positions triggered. Hopefully it's not a false breakout.
  • #54,417
  • Jan 6, 2009 7:01pm Jan 6, 2009 7:01pm
Quoting coscorp
anyone know of a cure for being plain ass dumb??
Yup. It's easy -- blame it on someone or something else. Works like a charm
  • #54,418
  • Jan 6, 2009 7:04pm Jan 6, 2009 7:04pm
Quoting Bemac
You got that right Cobra.

Watch it or I'll slap your A$$ ya little whippersnapper.

Glad I helped.
You're right, I wrote it down 100 times on the AK's blackboard that he recently recovered.

thanks again
Attached Image
  • #54,419
  • Jan 6, 2009 7:20pm Jan 6, 2009 7:20pm
Quoting Forex Trader I
Euro is preparing to fly - I expect 1.5 will be seen soon , ride the wave now.

Thx.
I've asked, on occassion, from others who have made statements similar to the one you're making here, and have always been rebuffed. I'm hoping, this one time, you will see fit to answer my question in the affirmative -- what kind of illicit substances are passing your lips, and, more importantly, may I please, please, have some of whatever those substances may be. Just a little, please, I'm not asking much. There's a pretty cool dark alley around here somewhere, where we can make the exchange. OK? Huh, huh? Please don't let me down...
  • #54,420
  • Jan 6, 2009 7:24pm Jan 6, 2009 7:24pm
Quoting Turhovach
I've asked, on occassion, from others who have made statements similar to the one you're making here, and have always been rebuffed. I'm hoping, this one time, you will see fit to answer my question in the affirmative -- what kind of illicit substances are passing your lips, and, more importantly, may I please, please, have some of whatever those substances may be. Just a little, please, I'm not asking much. There's a pretty cool dark alley around here somewhere, where we can make the exchange. OK? Huh, huh? Please don't let me down...
roflmao; It hurts, I'm laughing so hard. OMG - so beautifully said -

Turhovach; when you get some; don't Bogart it; we all need some of that around here!!

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