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EURUSD

  • #67,461
  • Feb 21, 2009 9:20am Feb 21, 2009 9:20am
Well my "USD strength indicator" points USD depreciation.
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  • #67,462
  • Feb 21, 2009 9:29am Feb 21, 2009 9:29am
here is a better view

USD/CNY (chinese yuan) monthly chart

i find no comment is needed
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  • #67,463
  • Feb 21, 2009 9:40am Feb 21, 2009 9:40am
Quoting 5ysfx
here is a better view

USD/CNY (chinese yuan) monthly chart

i find no comment is needed
So I didn't think we could trade the CNY. I thought the government had restrictions on it. When did this change. A couple years ago that would have been a great investment.
  • #67,464
  • Feb 21, 2009 9:41am Feb 21, 2009 9:41am
The U.S. government and the ECB are always pushing for the CNY to strengthen though. So that chart does not surprise me.
  • #67,465
  • Feb 21, 2009 9:49am Feb 21, 2009 9:49am
Quoting Spsantos
By the simplest of the market rules, the more you have of a product, in this case money (the more you print it), it's worth less, just a reality check.

Dollar went to 1/1.25 vs Euro solely on risk aversion, if we conclude that the role of "safe currency" is fading, we should expect the pair to hit back around 1.35 soon.

So next week will be very interesting to watch, to see if the Dollar will still be used as risk aversion, since a lot of stops where hit in this run and those affected may not want to get back there.

I usually don't spend...
You'll get no argument from me about logic applied to the forex market. In a general sense, and over the long haul, perhaps PA responds to logic. My point is that the day to day PA gymnastics is more driven by manipulations coming out of the trade desks of banks and gigantic hedge funds. These PA gymnastics are often totally contrary to the aforementioned "logic". These PA gymnatics happen because they can be made to happen and because the players making it happen stand to clean up in the process.

Do you really think logic is at work when the PA drops 300 pips in less than 2 sessions, then rises 300 pips in a session, then drops and rises 300 pips in the next session! Come on now! Such logic would be deemed by all reasoning to be too fickle to be called logic!
  • #67,466
  • Feb 21, 2009 9:54am Feb 21, 2009 9:54am
Quoting Maxsmart
The U.S. government and the ECB are always pushing for the CNY to strengthen though. So that chart does not surprise me.
not at all
only USD

eur/cny - looks familiar isnt ?
cny/pln is similar to usd/pln
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  • #67,467
  • Feb 21, 2009 9:56am Feb 21, 2009 9:56am
Quoting 5ysfx
not at all
only USD

eur/cny - looks familiar isnt ?
cny/pln is similar to usd/pln
awesome so what broker is letting you trade this?
  • #67,468
  • Feb 21, 2009 9:57am Feb 21, 2009 9:57am
Quoting 5ysfx
here is a better view

USD/CNY (chinese yuan) monthly chart

i find no comment is needed
Just that the Chinese completely manipulate their currency.
  • #67,469
  • Feb 21, 2009 9:58am Feb 21, 2009 9:58am
EUR/USD didnt break the 4H bearish trend with last Friday long...
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  • #67,470
  • Feb 21, 2009 10:15am Feb 21, 2009 10:15am
Nice friday market rite, luckily able to hedge the sell position and add another buy position and close the sell. What matters end of day is a positive.

Anyone knows about DX and 6E chart and how it effect the E/U?

Mind to share..
Trade what you see. Write what you feel
  • #67,471
  • Feb 21, 2009 10:16am Feb 21, 2009 10:16am
Quoting SunTrader
Just that the Chinese completely manipulate their currency.
No question about it.

So what is gonna be on EU next weeks.
Could u post ur analysis here ?
I like them , really
  • #67,472
  • Edited 1:35pm Feb 21, 2009 10:33am | Edited 1:35pm
Quoting maanawi
EUR/USD didnt break the 4H bearish trend with last Friday long...
You are right, it did not. But expand your chart and quite another possibility appears.....
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  • #67,473
  • Feb 21, 2009 10:36am Feb 21, 2009 10:36am
Now don't get all warm and fuzzy, but I see EU needing to clear resistance zone before looking long. Last week still had another lower low and Friday was only a gap closer/end of week/short squeeze rally. Unless of course it continues up.
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  • #67,474
  • Feb 21, 2009 11:34am Feb 21, 2009 11:34am
Quoting SunTrader
Now don't get all warm and fuzzy, but I see EU needing to clear resistance zone before looking long. Last week still had another lower low and Friday was only a gap closer/end of week/short squeeze rally. Unless of course it continues up.

so far there is no gap .. so i guess have to wait till closer to open.
  • #67,475
  • Feb 21, 2009 11:43am Feb 21, 2009 11:43am
Quoting trading801
so far there is no gap .. so i guess have to wait till closer to open.
Don't get me started. By Gaps I mean the real ones (Fri close to Monday open).
  • #67,476
  • Feb 21, 2009 12:11pm Feb 21, 2009 12:11pm
[quote=dysan4x;2555468]"I went long at the 2557 bounce @2564 and added on at the recent pullback. My targets are 2670 and 2730. Now just wait and see. I put my SL at BE+1. ....let 'er rip. Profits are secure with that last move up. Put SL @1.2644 in case there is a weekend gap down again and I am calling it a day."

I do focus on the present.....

The Ichi S&R for the friday move was 1.2884 (Fridays high) and the Ichi low was 1.2823 (just above the close) - Now that's the present meeting the past.[/quote

how do you determine your entry or setup?
  • #67,477
  • Feb 21, 2009 6:02pm Feb 21, 2009 6:02pm
All my indicators point to a move down Sunday / Monday, except for the bullish divergence on the daily, but that can take days before it has any effect.
I'm hoping for a pull back to 50% fib level @ 1.2719 at least.

Orca
New voice message: Why are you calling me? If I need you, I'll call you!
  • #67,478
  • Feb 21, 2009 6:35pm Feb 21, 2009 6:35pm
Ill be taking a longer term long position around 2700...
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Going to make it big by age 21.
  • #67,479
  • Edited 7:26pm Feb 21, 2009 7:12pm | Edited 7:26pm
Quoting dstryr
Ill be taking a longer term long position around 2700...
Long or short? And why? Indicators?

Fundamentals also look bearish
New voice message: Why are you calling me? If I need you, I'll call you!
  • #67,480
  • Feb 21, 2009 8:23pm Feb 21, 2009 8:23pm
Quoting KillerWhale
Long or short? And why? Indicators?

Fundamentals also look bearish
the tons of debt USA is creating
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