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  • #76,341
  • Mar 17, 2009 5:57am Mar 17, 2009 5:57am
Another channel

http://img25.imageshack.us/img25/1150/68602626.jpg
  • #76,342
  • Mar 17, 2009 6:03am Mar 17, 2009 6:03am
Quoting Katalyst
F.X.,

If it's a down channel, then why are you going long?

Sorry, you got me confused. I do agree with your chart though.
His down channel looks like a Bull Flag.
  • #76,343
  • Mar 17, 2009 6:03am Mar 17, 2009 6:03am
You would think that with the increase in house starts and building permits we would see a lot of downward pressure
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #76,344
  • Mar 17, 2009 6:04am Mar 17, 2009 6:04am
ECB Still Has Room To Cut Interest Rates - Reports
3/17/2009 9:02 AM ET

(RTTNews) - Tuesday, European Central Bank's Executive Board member Juergen Stark told Germany's Handelsblatt daily in an interview that the central bank still has room to reduce interest rates.

The central bank had already reduced its key interest rate to the lowest level in the institution's 10-year history as the 16-nation bloc slides deeper into recession. The key interest rate now stands at a record low of 1.5%.
  • #76,345
  • Mar 17, 2009 6:04am Mar 17, 2009 6:04am
Quoting Katalyst
F.X.,

If it's a down channel, then why are you going long?

Sorry, you got me confused. I do agree with your chart though.
It really doesn't ever matter to me which way we move.

If we move up I'll make money w/ my longs. If we move down I'll be playing the supports/rebounds, also making money.

I could place a short as a hedge, but I'm favoring a higher price at this point (1.316-1.318) and stronger rebounds if we head south that we'd see if heading north. Plus, hedging requires more brain power, something I like to use as little of as possible.

I made another post about this stuff earlier this morning that was kind of related if you want to check it out.
  • #76,346
  • Mar 17, 2009 6:05am Mar 17, 2009 6:05am
Kak dela? Ochen xroshee chart


Quoting tarasbaida
Another channel

http://img25.imageshack.us/img25/1150/68602626.jpg
BANDA333
  • #76,347
  • Mar 17, 2009 6:06am Mar 17, 2009 6:06am
Quoting Rufus
You would think that with the increase in house starts and building permits we would see a lot of downward pressure

For some time now the market has been trading in "Risk Aversion" mode where bad news for the US economy has driven investors to the safety of the US$ and good news has reduced the "Risk Aversion" and driven investor to higher yielding currencies.
  • #76,348
  • Mar 17, 2009 6:14am Mar 17, 2009 6:14am
Added some longs at 1.294
  • #76,349
  • Mar 17, 2009 6:15am Mar 17, 2009 6:15am
Quoting Katalyst
Well, I'm looking to short this one pretty soon.

Once waiting for confirmation of a break below the range, and down I go.
That is exactly what my neighbour's wife told me last night as well!
  • #76,350
  • Mar 17, 2009 6:18am Mar 17, 2009 6:18am
Quoting SmoothTrader
For some time now the market has been trading in "Risk Aversion" mode where bad news for the US economy has driven investors to the safety of the US$ and good news has reduced the "Risk Aversion" and driven investor to higher yielding currencies.
so do you mean E/U will go up?
The trend is your friend and you is your enemy - MJ
  • #76,351
  • Mar 17, 2009 6:18am Mar 17, 2009 6:18am
Quoting SmoothTrader
For some time now the market has been trading in "Risk Aversion" mode where bad news for the US economy has driven investors to the safety of the US$ and good news has reduced the "Risk Aversion" and driven investor to higher yielding currencies.

Thank you for the explanation. There are some sharp people hanging around here
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #76,352
  • Mar 17, 2009 6:19am Mar 17, 2009 6:19am
Hey guys, don't post much but i am going to make an effort to do so and get more involved more here. I was wondering if anyone is using the Fibonacci retracement or fan on the Eur/Usd at the moment. I current have the retracement on my 15Min chart and see nothing but retracement forming back to the 1.2995-1.3005 level. Dont crush the new guy, just asking and learing here as I go. I thank you in advance for any input.
FYI.. I just went in @ 1.2947
  • #76,353
  • Mar 17, 2009 6:22am Mar 17, 2009 6:22am
below 1.2940/50 is a tipping point, full bear territoty
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #76,354
  • Mar 17, 2009 6:25am Mar 17, 2009 6:25am
Morning / Evening @ all
The best thing that can happen to you is to find out where you're wrong.
  • #76,355
  • Mar 17, 2009 6:32am Mar 17, 2009 6:32am
Waithing on the bulls to wake up.
Left Wing, Right Wing, same bird
  • #76,356
  • Mar 17, 2009 6:35am Mar 17, 2009 6:35am
Quoting akagucciano
Waithing on the bulls to wake up.
there getting up
If you need something important don't hesitate to ask someone else.....
  • #76,357
  • Mar 17, 2009 6:35am Mar 17, 2009 6:35am
Morning man

What do u see for Euro move driver,,,will we go down ???

On monthly basis,,,we have to go down,,,but we are in a huge up trend since 1.2460

What do u see,,,,all bank reports and tech issues say that we must go to

1.17

Did u see that also ?
Quoting Driver55
Morning / Evening @ all
  • #76,358
  • Mar 17, 2009 6:42am Mar 17, 2009 6:42am
Quoting Driver55
Morning / Evening @ all
Top of the morning to you lad....
  • #76,359
  • Mar 17, 2009 6:45am Mar 17, 2009 6:45am
Quoting nms4716
Hey guys, don't post much but i am going to make an effort to do so and get more involved more here. I was wondering if anyone is using the Fibonacci retracement or fan on the Eur/Usd at the moment. I current have the retracement on my 15Min chart and see nothing but retracement forming back to the 1.2995-1.3005 level. Dont crush the new guy, just asking and learing here as I go. I thank you in advance for any input.
FYI.. I just went in @ 1.2947
This market's back-and-forth today. I think it was because I got all excited and decided to trade all night. My last trade? At 1331gmt/1.2956, I went long - - - - and was damned happy to get +5.
Up or down, gimme a ticket
  • #76,360
  • Mar 17, 2009 6:46am Mar 17, 2009 6:46am
Quoting Driver55
Morning / Evening @ all
Good morning Driver. Good trading to you today friend. The waters are choppy and cold.

Edit: Uh oh, we just had a bit of a move. Constipation if you ask me.
Up or down, gimme a ticket
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