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EURUSD

  • #77,421
  • Mar 18, 2009 11:40pm Mar 18, 2009 11:40pm
Quoting traderathome
Average volume by the minute just before the pop was....say "20". Then the pop......only took two minutes to go about 230 pips. What is noteworthy here is the first minute was volume of only "41" and the second minute was volume of only "68"........neither remarkably escalated from the previous "20".

You can bet the big boys already had their long positions running. Central Banks pumped the price without a lot of volume. And since they are numbered amongst the big boys, they effectively wrote a check for their own profit! All the big boys...
Thanks for the input. You showed me the other side. Now what I do? Meanwhile, I have entered a long position and two short orders, one above and another below my long position. The short order above my long position will close my long at a profit. The short order below is double the size of my long position. That means I will change direction if it breaks to south. Since r/r is great to direction south, I will atleast BE if it breaks south. So it looks like a win win situation.

Like you said Rhyme and reason are for the birds ..... let's keep it moving..... either way, it makes no difference.
The Thief of Wall Street
  • #77,422
  • Mar 18, 2009 11:44pm Mar 18, 2009 11:44pm
Quoting Spsantos

just trying to exchange points of view
same here...glad you are willing to.

here is an article recently posted on bloomberg that talks about treasuries in detail. i think it may interest you.

http://www.bloomberg.com/apps/news?p...VK0&refer=home

if it does interest you and understand exactly what their saying...please explain it to me as well as im clueless when it comes to rates. The only thing I think I understand is they pretty much found another way to lower fed rates but doing it in another domain..treasuries which brings with it pumping more dollars into the market (hence the december repeat)...correct me if im wrong. A clear explanation of that article would be much appreciated.
Different opinions highly valued, ignorant to slander.
  • #77,423
  • Mar 18, 2009 11:45pm Mar 18, 2009 11:45pm
Quoting traderathome
Average volume by the minute just before the pop was....say "20". Then the pop......only took two minutes to go about 230 pips. What is noteworthy here is the first minute was volume of only "41" and the second minute was volume of only "68"........neither remarkably escalated from the previous "20".

You can bet the big boys already had their long positions running. Central Banks pumped the price without a lot of volume. And since they are numbered amongst the big boys, they effectively wrote a check for their own profit! All the big boys...
good analysis
Left Wing, Right Wing, same bird
  • #77,424
  • Mar 18, 2009 11:50pm Mar 18, 2009 11:50pm
Quoting blyestyachee
.
You should remove the link in you post, it's predecessors are already in the recycle bin...
FUBAR...
  • #77,425
  • Mar 18, 2009 11:51pm Mar 18, 2009 11:51pm
Any chances that this thing can come down again?
  • #77,426
  • Mar 18, 2009 11:53pm Mar 18, 2009 11:53pm
Quoting Charle
Any chances that this thing can come down again?
Absolutely not! The Euro is now certified as Gravity Proof and will never ever come down again.
Not all sins are created equal
  • #77,427
  • Mar 18, 2009 11:54pm Mar 18, 2009 11:54pm
Quoting ak4x
You should remove the link in you post, it's predecessors are already in the recycle bin...
I saw that. It reminded me of someone who's name started with War and ended with renforex.

Hmmm...

Whois Record

domain: veritefx.com
created: 18-Dec-2008
last-changed: 26-Jan-2009
registration-expiration: 18-Dec-2009

90 days and it's now clearly a news leader
Not all sins are created equal
  • #77,428
  • Mar 18, 2009 11:54pm Mar 18, 2009 11:54pm
just a thought.. dollar devalued.. so the biggest consumer whos not spending yet.. has to pay more for cheap crap from china =ccc.. and more for bmw/vw from ez. thus making china buy less commodities affecting aussie exports.. seems like a crap shoot if inflation makes ccc more expencive..but a hell of a term paper for ben b the professor... economics in motion... maybe we are rats in a giant lab.. tap the glass... then buy an ass... and a good plow..before inflation increases the price...
those who can, do. those who cant, talk about those who can
  • #77,429
  • Mar 19, 2009 12:00am Mar 19, 2009 12:00am
Folks thats macro 101. I think ECB holds the line on this one. Even with the differences the EU is experiencing with monetary policy, it seems there is a general sentiment that they followed the Fed long enough and don't want to go over the cliff with them. Long-term I expecting a nice run-up on the Euro.
Left Wing, Right Wing, same bird
  • #77,430
  • Mar 19, 2009 12:00am Mar 19, 2009 12:00am
Quoting Jay Walker
Absolutely not! The Euro is now certified as Gravity Proof and will never ever come down again.
LOL! I was just joking after the shock when I just switched my computer on this morning. I am still holding one short position from 1.2710
  • #77,431
  • Mar 19, 2009 12:01am Mar 19, 2009 12:01am
http://i43.tinypic.com/2mzcs4l.gif

http://www.mediabistro.com/agencyspy...G+Flatline.jpg

Same thing
Not all sins are created equal
  • #77,432
  • Mar 19, 2009 12:02am Mar 19, 2009 12:02am
Quoting akagucciano
Folks thats macro 101. I think ECB holds the line on this one. Even with the differences the EU is experiencing with monetary policy, it seems there is a general sentiment that they followed the Fed long enough and don't want to go over the cliff with them. Long-term I expecting a nice run-up on the Euro.
but if they really want to sell beamers they better cut the price..
those who can, do. those who cant, talk about those who can
  • #77,433
  • Mar 19, 2009 12:03am Mar 19, 2009 12:03am
Hi everybody, it's been a while, but I loved that move up yesterday...

In reality what goes up must come down, and in this case what goes down must come up...

I think the Fed is freaking out, and their efforts are failing big time, they are desperate to make a dent in fixing this economy, but in reality the whole global economy needs to be fixed, and the best way to do that is to let the markets fix themselves. Unfortunately I think we are in a spiral and when I say we I mean the whole world, I really hope I am wrong... cause if not, there are gonna be some very tough times ahead for next few years.

Just my 2 cents, I hope someone sees different.
What goes up... Must come down
  • #77,434
  • Mar 19, 2009 12:05am Mar 19, 2009 12:05am
Quoting Jay Walker
I saw that. It reminded me of someone
that was my first and second thoughts too...

as well... http://www.forexfactory.com/showpost...3&postcount=16

he's posting it in the coments section on at least one of the news articles as well... the fomc thing.
FUBAR...
  • #77,435
  • Mar 19, 2009 12:10am Mar 19, 2009 12:10am
Quoting Chicky
I have entered a long position and two short orders, one above and another below my long position. The short order above my long position will close my long at a profit. The short order below is double the size of my long position. That means I will change direction if it breaks to south. Since r/r is great to direction south, I will atleast BE if it breaks south. So it looks like a win win situation.
There are no "win win" situations in forex.
You win or you lose, but don't worry, you'll find out.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #77,436
  • Mar 19, 2009 12:12am Mar 19, 2009 12:12am
Retest of the central... short again with tighty stoppys
FUBAR...
  • #77,437
  • Mar 19, 2009 12:27am Mar 19, 2009 12:27am
its amazing how many times price bounces off a 20...

I'm short but i'm oh so close to gettting stopped out
  • #77,438
  • Mar 19, 2009 12:28am Mar 19, 2009 12:28am
ill take a shot at this moves top.. 3488/92 then back down below 3408 then a back double backflip... then i wake up all sweaty and wet..
those who can, do. those who cant, talk about those who can
  • #77,439
  • Mar 19, 2009 12:32am Mar 19, 2009 12:32am
Quoting gatorinla
ill take a shot at this moves top.. 3488/92 then back down below 3408 then a back double backflip... then i wake up all sweaty and wet..
lol, and my stoploss is at 92.....
  • #77,440
  • Mar 19, 2009 12:32am Mar 19, 2009 12:32am
Quoting gatorinla
ill take a shot at this moves top.. 3488/92 then back down below 3408 then a back double backflip... then i wake up all sweaty and wet..
see kids why you shouldnt do crack!
those who can, do. those who cant, talk about those who can
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