EURUSD

Happy FFirthday! Is it only one year, seems like a decade!
Love you man, in a non- sexual way!

Thank you Gator for your latest post and alleviating my need to scroll like a madman because of a ridiculously large chart.

the guy with the super large chart...no offense but please do us all a favor and learn to post in the correct size. as far as your trendlines goes...i have a simple question for you. since channels is my expertise...are you aware that only the highest connecting spikes have any relevance? for example connecting the high at 1.47 to the high at 1.4360 or so was the upper wall of the larger downtrend until yesterday. at that time that wall was breached but it was a false break out which only extended the upper wall to yesterdays high at 1.3329 (4h chart). This post is not meant to insult your knowledge, im just making sure you know how to do both correctly, posting charts and drawing channel walls

it started yetserday for me. hehehe

But in a non-sexual way? But I was getting all hot and bothered you Caddyshack munchkin...just kidding

Thanks!

Hey Psi are you having chart envy?

[quote=Spsantos;2498255]I posted yesterday the monthly channel that show the uptrend:

http://www.forexfactory.com/showpost...ostcount=59186

I understand your point, and I'm not "defending" my position, i do trade what I see

Monthly channel was broken and retested last month, hope its not going to be dramatical like my avatar. I could post chart but i still cant i dont know why it keep freezing on every attempt??

There I fixed the chart. Sorry guys. Can anyone comment on my goal? I'm just trying to learn. Been trading live for 2 months now and constantly trying to learn more about this complex industry.

The [AUD/YEN] edges higher from the mid morning low of 58.80 to 59.64 vs the early morning high of 59.58, and rebounds more than half of the decline from 60.30 to 58.17 yesterday is achieved. However the rebound since the 56.26 low on Jan 21 is not so convincing, and the pair still remains below the declining 21-days MA (61.58), and the Ichimoku cloud bottom (60.52, modestly up). Environment for the Aud looks even worse given China's sharp economic downturn, commodities that can further sink to the Yen carry trade starting level (autumn 2000) and RBA's further rate cuts possibility.

yes correct. but the downtrend is not a rally kind. it's a slow kind. maybe we'll see a better move today. I'm still waiting for the right moment. a week of no trade is boring for me...

hehehhe you also saw it coming jest.

AUD/USD] attempts another test higher, peaking at 0.6687 as regional bourses and US stock futures retain their gains into the afternoon session. However the currency continues to look heavish into the 0.6700 handle. Today's CPI report was broadly ignored, but with an easing in consumer prices for the 1st time in 2 years by 0.3% (f/c -0.4%) seen paving the way for a further aggressive easing by the RBA at next weeks meeting. As it now stands, mkt is pricing in at least a 75bps reduction from the present 4.25% lvl, with an over 50% chance of a bigger cut.

[ASIAN CLOSE] The day begins with massive Yen sales amid market talk of the Nomura Security's Toushin related Dlr/Yen and Yen crosses demand

[NZD/USD] range trading ahead of tomorrow's rate decision, but with the path of least resistance continuing to be lower. The currency managed to drift up to a high of 0.5309 from 0.5266, but has been struggling to hold gains above the 0.5300 handle even with the firmer global equity leads. Pressuring the downside, Fonterra cut its forecasted dairy payout for the 3rd time in 4mths by 15% whilst local players upped the risks RBNZ would need to slash rates by even more hefty 150bps tmw mrg versus initial 1% forecasts. Mkt volatility is assured depending on what Bollard has to say and the extent of tomorrow's cut, but risks still point to an eventual break through its recent 0.5150-0.5170 lows.

The [DLR/YEN] is off the mid morning low of 88.93, but rebound is not convincing, not reaching the early morning high of 89.48, despite the repeated efforts (especially after lunch today) to keep the [NIKKEI-225] at least above 8000 at end of the day (vs the [DJIA]'s high and close at 8225.79 and 8174.73). The pair yesterday rose to 90.08, but the market must have bought decent amount from 89.50 as some major exporters' internal rates are brought down to 90. Also recall the quick and sharp decline from 90.17 to 87.10 on Jan 21, and the market has no choice to pay attention to the 90.20 level (so of course stops are there).

Hailed to those who hold a short. We'll see a boom at the bottom soon. I see something at 30m, 1h & most recently at 4h chart. I will enter at next 4h CS.

This is what i see....

I'm still small.... Wait until I get big then....



I'll be looking for nice BIG BULL to eat and keep the left-over for future savings.

1.3310 will be a nice place for bounce. Only a break will see it higher. History rules....

i hope too that history will be enough strong to hold it and throw down it deep...

Just close my long [email protected] from @1.3240 looking to go short target @1.3100