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EURUSD

  • #86,881
  • Apr 18, 2009 12:25pm Apr 18, 2009 12:25pm
Quoting BANDA
Everybody think EURO going to crash to 1.25........but I don't buy that.......I think 1.2990-1.330 area has good support..........USD has appreciated during the low volume period of last week.........things will start Monday.........plan to go long can Sunday during Assian session around 1.2990 1.300 to SL 1.29 TP 1.33 ......... already long on EU/JPY hope things will go north soon..........
We're not talking about what "could" happen... we're trying to figure out if it's already happened. Some people are saying that the Euro has already dropped to 1.25.
  • #86,882
  • Apr 18, 2009 12:26pm Apr 18, 2009 12:26pm
Quoting stewrigh
Hi Max,

Sort of agree with you but I think we're heading north fiirst then down to 125-ish maybe lower.

Attachment
may i know what broker u using?
  • #86,883
  • Apr 18, 2009 12:28pm Apr 18, 2009 12:28pm
Quoting SunTrader
Whoever believes EU is dropping 500 pips over the weekend (when there is practically no volume), boy do I have a "bridge to sell you" wherever you are located. You send me the money and I'll ship the bridge, brick by brick, to you by Fedex.
Thank you, SunTrader. It did seem strange... I just don't understand why a website would be posting that quote right now.
  • #86,884
  • Apr 18, 2009 12:29pm Apr 18, 2009 12:29pm
Quoting SunTrader
Whoever believes EU is dropping 500 pips over the weekend (when there is practically no volume), boy do I have a "bridge to sell you" wherever you are located. You send me the money and I'll ship the bridge, brick by brick, to you by Fedex.
*L*
those who can, do. those who cant, talk about those who can
  • #86,885
  • Apr 18, 2009 12:30pm Apr 18, 2009 12:30pm
Quoting dannies
Hi All,
would like to share a thought,

http://www.forex-markets.com/quotes.htm

the above web site is powered by Netdania solutions through the source of Tencore (www.tencore.com).

Tencore is a corporation related to Morning Star that has data feed through Netdania Solutions (www.netdania.com)

if you open the netdania website, you will not be able to get that price for eurusd.

just a thought that i would like to share
Thanks, Dannies. Good info.
  • #86,886
  • Apr 18, 2009 12:31pm Apr 18, 2009 12:31pm
Quoting stewrigh
Hi Max,

Sort of agree with you but I think we're heading north fiirst then down to 125-ish maybe lower.

Attachment
Forgot to mention on the H6 there is a beautiful hammer candle.
  • #86,887
  • Apr 18, 2009 12:33pm Apr 18, 2009 12:33pm
Quoting dannies
may i know what broker u using?
Saxo-bank.
  • #86,888
  • Apr 18, 2009 12:35pm Apr 18, 2009 12:35pm
last night i went long EU @ 1.3026 and TP 10 pip and SL 20

it was first real trade with FXDD i got drawdown 5 pip and then suddenly broker close thier server they shutdown thier shop to nextweek

i was deal with odl and i think FXDD close time same odl
now Odl close after Fxdd by 1 hour @ price 1.3043 and FXDD @1.3025

i am just afried of BIG Gup becase SL 20 means nothing if gup go down aginest me like 100 pip i will pay a lot
Never sell @ lower upward channel unless breacked and vise versa .
  • #86,889
  • Apr 18, 2009 12:58pm Apr 18, 2009 12:58pm
Usually doesn't gap more than 100 but you took a great risk entering the market at that time.
Traders are smartasses
  • #86,890
  • Apr 18, 2009 1:02pm Apr 18, 2009 1:02pm
Quoting Spsantos
Usually doesn't gap more than 100 but you took a great risk entering the market at that time.

hope gap go long in my direction
Never sell @ lower upward channel unless breacked and vise versa .
  • #86,891
  • Apr 18, 2009 1:02pm Apr 18, 2009 1:02pm
Quoting SunTrader
Whoever believes EU is dropping 500 pips over the weekend (when there is practically no volume), boy do I have a "bridge to sell you" wherever you are located. You send me the money and I'll ship the bridge, brick by brick, to you by Fedex.

http://farm3.static.flickr.com/2355/...72a170.jpg?v=0
DIY Bridge!

Dude! I'm so there!

Not all sins are created equal
  • #86,892
  • Apr 18, 2009 1:14pm Apr 18, 2009 1:14pm
Quoting dysan4x
This last week was good to me and I closed all my positions late Friday booking weekly profits.

Short positions are still favorable. Price is at an important support level and I would expect to see some retracement coming fairly soon. Short term daily RSI and stochastics (my preferred indicators) are oversold with some room to run so it is still possible to see 1.2980 before any major retracement. Possibly into the 1.3200 area. My overall bias is still short and I will be looking for new entries on the pullbacks.

As always, take care and be profitable....
Seems to me that the room to run to 2980 is there...but it's really tight.

Run to the 3200 area is a definite possibility. Maybe even, dare I say it, 3300.

Still, I got my chinstrap on, I superglued my hat to my skull and I'm ready for what might turn out to be one hell of a ride...down
Not all sins are created equal
  • #86,893
  • Apr 18, 2009 1:19pm Apr 18, 2009 1:19pm
Quoting 5abi
I reckon so too-Actually I am only 50 % sure of EUR weakness. But eventually USD strength will prevail. You got me to thinking that Oil is rising, and so is USD strenth. strange.strange!! Is not EU expected to go strong with Oil?? Come summer, we in USD will yearn to go road trips and camping, raising OIL, which atleast theoratically should weaken the dollar- but may also force ECB to cut rate down to 1 or .75 meaning further downside in EU. Ohh my-talk of conundrums.

Here is my take on it, 3-4 months from now, when oil will continue to...
oil inventories are going up.. but refineries are cutting refining capacity... see the big picture.. gasoline remains high compared to oil reducing oil demand..the refineries took a bath last year on oils way down... the truth is other then the media telling you, is sure we havent built new refineries in 30 years... what they dont tell you is in existing ones capacity is doubled and trippled... they are also not telling you within a 30 year old facility they have built new units.. that was then... now the new thing they are doing to keep gasoline high is closing some existing refineries and moth balling or completly scapping plans to increase refining.all expansions not started in my area have been scrapped.. they are also cutting back on refining.. in my area some are cut back 50/80 % .. this will keep distalites higher giving refiners a better margine.. at the same time pushing oil lower.. providing the crazies dont sink a tanker, start a war, or capture a pipline. ect. (not so far fetched, expect it)
meanwhile cali unemployment is up to 11+% and they are saying about 5 % more to this number is not included (they quit looking). the worlds seventh largest economy employment -16%? and it hasnt peaked yet.. well guess what the beauty of this new world economy at least in this downturn is u.s. makes nothing.. all we do is supersize your order and fix crap.. we make nothing any more...so we are fixing all the crap we bought and buying less new crap. so since we are a service economy we fix stuff now before buying new.. look at the auto parts stocks.so since we dont make anything we will import less.. our money will be spent fixing crap.. but fixing crap at home.. all this reduces deficit to strengthen dollar..all this forces eventually e-zone to make a move..bad news in u.s. is worse news for euro-zone..people without a job buy less.... canary in the gold mine.. wallmart sales were down last report.. china slowed to snails pace for china 6% (thats if they are not lying as usual) put it a together.. a guy who dont have a job or worried about not having a job buys less.. the kids comming home from college or bums cant find a job... they move back to moms/dads.. now mom and dad have less money to buy crap..remember japans exports were down 50% now e-zone 25%.. the percentage in japan has been increasing as well as e-zone.. and this spending trend is down.. will e-zone catch japans 50%? i dont know.. but look around you.. are you spending as much as you did 1 yr ago? then multiply that x the world..if your planning on buying a new beamer or shamwos raise your hand..imfuo

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those who can, do. those who cant, talk about those who can
  • #86,894
  • Edited 1:23pm Apr 18, 2009 1:22pm | Edited 1:23pm
Quoting Jay Walker
Seems to me that the room to run to 2980 is there...but it's really tight.

Run to the 3200 area is a definite possibility. Maybe even, dare I say it, 3300.

Still, I got my chinstrap on, I superglued my hat to my skull and I'm ready for what might turn out to be one hell of a ride...down
I am long from 1.31000 aiming for 1.32000 and afraid. Really afraid. Risk is very great, not worth it. Just off loaded 90% of the risk. Not playing this move with more than 10% of usual positon. I don't want to lose my hair with the hat. Returning back balls of steel, don't bother about the refund.
The Thief of Wall Street
  • #86,895
  • Edited 5:44pm Apr 18, 2009 1:27pm | Edited 5:44pm
not 6.1% base on my calc on public data, it's 3.6% if not count cpi,
(even if adjust by cpi -1.4% it's only 5%. I think should not adjust coz price down due to demand ; not currency worthy)

08Q1 GDP 63475 hundred million yuan (0.1 billion yuan)
08Q4 GDP 92645
09Q1 GDP 65745

y2y 3.58% rise
q2q -29%

period 2008Q1 2009Q1 vs
overall 63475 65745 3.58%
agri 4720 4700 -0.42%
industry 31658 31968 0.98%
service 27097 29077 7.3%

also note agri and industry almost no growth
Quoting gatorinla
china slowed to snails pace for china 6%
  • #86,896
  • Apr 18, 2009 1:31pm Apr 18, 2009 1:31pm
Quoting billye
not 6.1% base on my calc on public data, it's 3.6% if not count cpi, even if admit cpi -1.4% it's only 5%.

08Q1 GDP 63475 hundred million yuan (0.1 billion yuan)
08Q4 GDP 92645
09Q1 GDP 65745

y2y 3.58% rise
q2q -29%

period 2008Q1 2009Q1 vs
overall 63475 65745 3.58%
agri 4720 4700 -0.42%
industry 31658 31968 0.98%
service 27097 29077 7.3%
ok ,, splain that to me in idiots terms.. is it less then 6% as reported? thankx
those who can, do. those who cant, talk about those who can
  • #86,897
  • Apr 18, 2009 1:35pm Apr 18, 2009 1:35pm
Quoting Chicky
I am long from 1.31000 aiming for 1.32000 and afraid. Really afraid. Risk is very great, not worth it. Just off loaded 90% of the risk. Not playing this move with more than 10% of usual positon. I don't want to lose my hair with the hat. Returning back balls of steel, don't bother about the refund.

I'm not long from 31000.

But if I was, I would grab an electromagnet and hold on to my balls of steel.

There's a possible retrace on the H1 chart (according to MACD and Stoch indicators anyways). It wouldn't make me nurse a semi, but only just.

Patience little trooper. Patience.

This could be a textbook example of how one who's short could be right while one who's long could be right also. Just a matter of timing.

http://i44.tinypic.com/if4kms.gif
Not all sins are created equal
  • #86,898
  • Apr 18, 2009 1:35pm Apr 18, 2009 1:35pm
....out there!

But I think we can see some important gap down this Sunday.

But I do not believe the current 1.2540 number to be true.

But attention, I have warned about some crazy moves may happen until next Wednesday.

According my Daily Chart, the decision day was last Thursday, that was the D Day for Euro and it decided the direction, and is Down.

Do not try to find some Bull Flag or other Bull Patterns at this time, only a unexpected rise this Monday above 1.3222 may kill this Bear Moment, but fundamentally I do not see that!

Careful trading this Monday.

In my opinion the Direction was already chosen and it is down.

See my last H1 chart posted, that level is only a first target to be aware, then we could see there a very Volatile moves up and down.

Careful!!

Nice weekend to all.
  • #86,899
  • Apr 18, 2009 1:38pm Apr 18, 2009 1:38pm
Quoting gatorinla
oil inventories are going up.. but refineries are cutting refining capacity... see the big picture.. gasoline remains high compared to oil reducing oil demand..the refineries took a bath last year on oils way down... the truth is other then the media telling you, is sure we havent built new refineries in 30 years... what they dont tell you is in existing ones capacity is doubled and trippled... they are also not telling you within a 30 year old facility they have built new units.. that was then... now the new thing they are doing to keep gasoline...
Gator. this is some of the most intelligent stuff I've read here in a while.

now if only you got familiar with the context of separating what you write in paragraphs, not only would I have the pleasure of reading something that makes sense but it would also spare me the horrible headache I now have from reading thingsthatarestucktogether.

someonepasstheaspirin.
Not all sins are created equal
  • #86,900
  • Apr 18, 2009 1:43pm Apr 18, 2009 1:43pm
Quoting Jay Walker
Gator. this is some of the most intelligent stuff I've read here in a while.

now if only you got familiar with the context of separating what you write in paragraphs, not only would I have the pleasure of reading something that makes sense but it would also spare me the horrible headache I now have from reading thingsthatarestucktogether.

someonepasstheaspirin.
*L* headache????i never asked for sex? why would you have a headache?
those who can, do. those who cant, talk about those who can
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