upsss! 
- #60,703
- Feb 2, 2009 9:10am Feb 2, 2009 9:10am
- Joined Oct 2008 | Status: sideline is a position | 105,127 Posts
those who can, do. those who cant, talk about those who can
- #60,704
- Feb 2, 2009 9:13am Feb 2, 2009 9:13am
- | Joined Nov 2007 | Status: Trader | 2,903 Posts
I guess I'm just a little confused/annoyed. werent the numbers better then expected? aren't we in a downtrend...
- #60,705
- Feb 2, 2009 9:16am Feb 2, 2009 9:16am
- Joined Apr 2007 | Status: (Latin: statūs), rank, state | 3,127 Posts
- #60,711
- Feb 2, 2009 9:34am Feb 2, 2009 9:34am
- Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts
about time my tp was hit, only took about 13 hours to complete trade. 1.2850 also hit with 1.2875 currently acting as the upper wall of th downtrend channel. Normally I would sell there but considering I just woke up and dont know the status of the us stock market (if up usually good for euro, down is good for dollar), the status of the stimulus plan (what is going on with that thing) and just the overall strength of bulls vs bears, im sitting out for now. Further analysis to follow...
Different opinions highly valued, ignorant to slander.
- #60,712
- Feb 2, 2009 9:39am Feb 2, 2009 9:39am
I guess I'm just a little confused/annoyed. werent the numbers better then expected? aren't we in a downtrend...
it may be equal from 0 to infinity ,he think it depend. he just want you to have on open mind when doing buseness with him. he's shrizo know when he's not on his medicine. Patience is a requirement.
"Simplicity is the ultimate sophistication" leonardo da vinci
- #60,714
- Feb 2, 2009 9:47am Feb 2, 2009 9:47am
- | Joined Jul 2008 | Status: Happiness can only come from within | 1,080 Posts
- #60,719
- Feb 2, 2009 10:02am Feb 2, 2009 10:02am
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
The web sites and moderators are thinking about 1.2800 - 1.2500 period from now on. News said this is a new trend for Eur$ which the band will play between 1.28-1.25 for a while.
This is my news for now.
...In any event, I think the red target zone shown below represents what I'll call ((for lack of a better term right now)) the "natural buoyancy" level for EU at least for the near to mid term...
The "red target zone" referred to above is 2550 to 2800 and is shown on the chart as such ((along with some other questionable but poignant blather)) which you can go see for yourself. That's my news from 2 weeks ago...
Of course, if this is wrong, forget I said anything and blame it on the Turks since they said it last.
I actually referred to that same post last night with some updated thoughts on a different thread here for anyone that gives a hoot. I don't. http://www.forexfactory.com/showpost...&postcount=345
FUBAR...
I'm holding on to several short positions from as high as 1.3320. Well I've got 1 at 1.3320, another at 1.3285, 1.3215, 1.3166, 1.3161 (here I felt a bit courageous so I entered again after taking the first position at this level), 1.3135, 1.2939, and last but not least 1.2873.
Now my question is this. I'm not quite sure how to interpret this weird news data event. I was expecting it to push the euro a bit lower. I was expecting eur/usd to test 1.2329 where I have my TP set for all positions.
Am I dreaming here or is there a change that we...
Riding the Dragon....