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EURUSD

  • #60,841
  • Feb 2, 2009 7:58pm Feb 2, 2009 7:58pm
I'm just trying to decide if I should take profits or let it run... There are still a lot of bulls around, and I've lost my last 2 trades today, I think I might just scale this one back.
  • #60,842
  • Feb 2, 2009 8:08pm Feb 2, 2009 8:08pm
Quoting GrnEydGuy
I'm just trying to decide if I should take profits or let it run... There are still a lot of bulls around, and I've lost my last 2 trades today, I think I might just scale this one back.
It seems u don't have a clear risk management plan which it's risk indicator
indicating u will lose more than making.
What goes up must come down.
  • #60,843
  • Feb 2, 2009 8:19pm Feb 2, 2009 8:19pm
Quoting smartlee
It seems u don't have a clear risk management plan which it's risk indicator
indicating u will lose more than making.
How does gauging others opinions of market direction show a lack of risk management? Do you know my leverage or position sizes, account balance etc?

No offense, just curious.
  • #60,844
  • Feb 2, 2009 8:22pm Feb 2, 2009 8:22pm
Quoting smartlee
It seems u don't have a clear risk management plan which it's risk indicator
indicating u will lose more than making.
Before I enter a position, I determine stop loss, set my position margin @ 1% of account and I have 3 profit targets. This trade hit my first target and I wanted to get an idea if traders were anticipating bulls or bears...
  • #60,845
  • Feb 2, 2009 8:24pm Feb 2, 2009 8:24pm
this one's called a cup and handle

wait for follow thru
Attached Image (click to enlarge)
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Don't have an ego. Always question yourself and your ability.
  • #60,846
  • Feb 2, 2009 8:26pm Feb 2, 2009 8:26pm
Europe are positioning themselve's as The Buyers Market. This war is between Euro/Asia.
Euro requires USD as an Ally.
Turn has already been implemented.
Euro designated to Carry the Western Flag.
{Compensation to follow}

It took a while before I could think like a bureaucrat.

WTF does That Mean???

Euro will Fall to show USD Strength.
Manipulation will follow Immediately.
USD will {like the pheonix} rise from the ashes and save the Globe from Ecconomic Crisis.

{At least, that's the plan.}

Gonna be an Easy Ride When they open the Valves.

With this in Mind, I do not believe Parity is in the Picture.
Just remember that we are talking about {government intervention} of The Slowest Order.

This will take Years.
  • #60,847
  • Feb 2, 2009 8:27pm Feb 2, 2009 8:27pm
Quoting Bemac

Euro will Fall to show USD Strength.
Manipulation will follow Immediately.
USD will {like the pheonix} rise from the ashes and save the Globe from Ecconomic Crisis.
I guess this means your bullish on the dollar
  • #60,848
  • Feb 2, 2009 8:38pm Feb 2, 2009 8:38pm
Quoting GrnEydGuy
I guess this means your bullish on the dollar
Not immediatly but watching for the signs to tell me it's on the horizon.
  • #60,849
  • Feb 2, 2009 8:48pm Feb 2, 2009 8:48pm
Quoting Bemac
Not immediatly but watching for the signs to tell me it's on the horizon.
so parity is also on the horizon? in a very slow horizon, since the goverment is on slow gear
The Chonchy
  • #60,850
  • Feb 2, 2009 8:54pm Feb 2, 2009 8:54pm
Quoting Bemac
Europe are positioning themselve's as The Buyers Market. This war is between Euro/Asia.
Euro requires USD as an Ally.
Turn has already been implemented.
Euro designated to Carry the Western Flag.
{Compensation to follow}

It took a while before I could think like a bureaucrat.

WTF does That Mean???

Euro will Fall to show USD Strength.
Manipulation will follow Immediately.
USD will {like the pheonix} rise from the ashes and save the Globe from Ecconomic Crisis.

{At least, that's the plan.}

Gonna be an Easy Ride When they open the...
Me think parity is on the horizon but after this war is over
The Chonchy
  • #60,851
  • Feb 2, 2009 8:58pm Feb 2, 2009 8:58pm
I don't get it, if euro falls then the pair falls so parity is around the corner like me think, my 2 cents. unless the so call "Plan" is a sarcasm
The Chonchy
  • #60,852
  • Feb 2, 2009 8:58pm Feb 2, 2009 8:58pm
a dip below 1.2847 ish might be bearish. I closed longs, looking for longer timeframe entry now.
  • #60,853
  • Feb 2, 2009 8:59pm Feb 2, 2009 8:59pm
We havent been able to close an hourly candle above M3 all day...i wouldnt long just yet...
Going to make it big by age 21.
  • #60,854
  • Feb 2, 2009 9:06pm Feb 2, 2009 9:06pm
*humming theme from jeparidy*
those who can, do. those who cant, talk about those who can
  • #60,855
  • Feb 2, 2009 9:09pm Feb 2, 2009 9:09pm
Quoting gatorinla
*humming theme from jeparidy*

Inserted Video
Not all sins are created equal
  • #60,856
  • Feb 2, 2009 9:12pm Feb 2, 2009 9:12pm
Quoting chonchy
so parity is also on the horizon? in a very slow horizon, since the goverment is on slow gear
C'mon Guys. WTF do I know. I'm, not privvy to the inner circle of Global Currency Spots.

I'm just offering my Opinion.

Which is...
EUR/USD will stall, numerous times, above Parity.

It will not Reach Parity.

EUR/USD will test New Highs. {because USD needs it to do so}

Q) How long will this take?
A) Years. They are not in a hurry.

Input
If I want to continue to Sell Product to My Biggest Consumer, Do I want MY currency Valued Higher than Theirs?

I don't think so.

CAD carries the strength of a couple of worldwide required commodities. One Old Wave {Lumber} One New Wave {Oil}
Europe Still has the resource of Skill.
Asia has the tenacity of Patience & Time.

This is getting tougher by the Day...

This is how I view that Grinder we call The Market.

Any Rookie that Trades this & Survives deserves Kudos.
To the Others, Maximum Caution advised.
  • #60,857
  • Feb 2, 2009 9:15pm Feb 2, 2009 9:15pm
The price is currently @ 1.2862 daily stocastic says the bulls are getting ready to take over does anyone agree to go long??
  • #60,858
  • Feb 2, 2009 9:16pm Feb 2, 2009 9:16pm
Quoting GrnEydGuy
I guess this means your bullish on the dollar
No; but I think the Global Banks are.
  • #60,859
  • Feb 2, 2009 9:17pm Feb 2, 2009 9:17pm
Quoting CAnthonyMVE
The price is currently @ 1.2862 daily stocastic says the bulls are getting ready to take over does anyone agree to go long??
Move over 1.29 might convince me
  • #60,860
  • Feb 2, 2009 9:17pm Feb 2, 2009 9:17pm
[AUST] Prime Minister Rudd, after unveiling today's fresh new A$42 bln economic stimulus package, says the Government may take added action on the economy in the future, as is necessary. Reaction to today's package has mostly been positive, with the substantial stimulus set to provide a significant boost to growth in the March and June qtrs and potentially delay a technical recession. However there is some wariness that the scale of the global slowdown could still overwhelm the Govt's best efforts to prevent a recession from taking hold Down Under. The package has also resulted in a sharp turnaround in the Govt's coffers, with a budget deficit of $22.5 bln now being forecast for this financial year compared with projections of a surplus of $5.4 bln as recently as Nov. [S&P/ASX 200] index is up 1% but off it's best levels.


(IGM)The [DLR/YEN] and the Yen crosses soar on the report BOJ will buy shares held by banks up...

The [DLR/YEN] and the Yen crosses soar on the report BOJ will buy shares held by banks up to Y1 trillion. The pair keeps rising, but not has reached 90.00 at the moment.


Japanese [Wage earnings] tumbled by 1.4% in the Dec y/y, following a 0.7% fall prior; whilst [Av overtime pay] as a barometer of corporate activity, marked its largest drop since April 1993, by tumbling a hefty -11.2% y/y after a -6.7% fall in the Nov year. Companies were also seen cutting back on their bonuses, with special payments down a further -1.2% y/y after a -3.8% fall prior. The negative wage growth highlights Japan's deteriorating labour market conditions as more and more companies drastically reduce their costs amidst the economic slowdown. Combined with ongoing weak business sentiment, the wage weakness looks set to further hamper domestic momentum.
those who can, do. those who cant, talk about those who can
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