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  • #1,321
  • Apr 11, 2007 6:06am Apr 11, 2007 6:06am
Quoting MackS10
No better way of trading i'd say. I got a similar buy signal at 1.3355 last night.
Great to hear that.
  • #1,322
  • Apr 11, 2007 2:36pm Apr 11, 2007 2:36pm
I continue to follow yesterday's analysis and have updated the River Level as well as the Price Distribution Analysis for this month.


For those of you trading along with me, I remain short today. This is a high risk, countertrend trade. The market moved against my position and I am currently down 53 points. The market did close 29 points above River today, however it is not significant enough to sway my downward bias just yet.


Today's River Level comes in at 3400 and this will be our guide downward. If you are short stay short. Targets are 3346 and 3279 where shorts should cover or take partial profits.

I continue to look for a strong move down to the 3132 area, but it will be important for us to move below the Transition at 3279. Our goal is move down with the flow of the River Level as we develop a new directional move.

What tells me my view is incorrect? Any significant daily close above River which is 3400 would cancel my downward bias. I will look to set up longs above River.

Traders should review the new Price Distribution Analysis for April. You will see that we are resolving a key level which will give us a better understanding of our short term plan.


http://www.theviewdownriver.com/stor...d4-12-2007.PNG
  • #1,323
  • Apr 11, 2007 11:52pm Apr 11, 2007 11:52pm
Eastern European names buying EUR/USD (1,3465) and selling USD/JPY this morning (119,35) .
Its My Way,, U dont have to follow
  • #1,324
  • Apr 12, 2007 12:22am Apr 12, 2007 12:22am
EUR/USD: German bank joining the buying in this area 1,3471/74 .
Its My Way,, U dont have to follow
  • #1,325
  • Apr 12, 2007 12:37am Apr 12, 2007 12:37am
US DOLLAR INDEX (NYBOTX) is hitting Bottom of December 06.

http://www.kapteeni.org/iRMA/USDX01.gif


and starting to get closer March 2005 bottom.

http://www.kapteeni.org/iRMA/USDX02.gif

Allso later this week coming events

EUR ECB President Trichet Speaks

And in the Staturday
G7 Meeting

so there shoud defenedly be some happening!
  • #1,326
  • Apr 12, 2007 12:53am Apr 12, 2007 12:53am
Quoting Dubai
Eastern European names buying EUR/USD (1,3465) and selling USD/JPY this morning (119,35) .

Same Eastern European name seen on the offer around 1.9780 on the cable.
  • #1,327
  • Apr 12, 2007 4:31am Apr 12, 2007 4:31am
EUR Interest Rate Statement in 15 min.
  • #1,328
  • Apr 12, 2007 5:00am Apr 12, 2007 5:00am
EURUSD talk that russian centralbank has been a buyer of 3 bln usd agst rub today. Usually when they do this part will be switched into eur (question now is how much has been done already today).
Its My Way,, U dont have to follow
  • #1,329
  • Apr 12, 2007 5:06am Apr 12, 2007 5:06am
Trichet's news conference in 30 mins should be very enlightening....usually is good for some volatility.

Quoting Mother
EUR Interest Rate Statement in 15 min.
Therefore what??
  • #1,330
  • Apr 12, 2007 5:12am Apr 12, 2007 5:12am
Quoting MichaelFX
Trichet's news conference in 30 mins should be very enlightening....usually is good for some volatility.
do you know some place to read/lissen this live?
  • #1,331
  • Apr 12, 2007 5:15am Apr 12, 2007 5:15am
Quoting Mother
do you know some place to read/lissen this live?
Sure go to the main page: http://www.ecb.eu/home/html/index.en.html then click on the "Live webcast press conference", it should be right in the middle of the page.
Therefore what??
  • #1,332
  • Apr 12, 2007 5:25am Apr 12, 2007 5:25am
Quoting MichaelFX
Sure go to the main page: http://www.ecb.eu/home/html/index.en.html then click on the "Live webcast press conference", it should be right in the middle of the page.
This is great! thankyou.


Best Regards
Mother
  • #1,333
  • Apr 12, 2007 5:35am Apr 12, 2007 5:35am
Quoting Mother
This is great! thankyou.


Best Regards
Mother
Glad to help!! Enjoy, they're usually much more interesting than the Fed announcements.
Therefore what??
  • #1,334
  • Apr 12, 2007 5:47am Apr 12, 2007 5:47am
DJ MARKET TALK: EUR/USD Dips As Trichet Hints At June Hike

Thu Apr 12 08:45:39 2007
EDT

1245 GMT [Dow Jones] EUR/USD dips 10 ticks to 1.3255 after ECB president
Trichet seems to hint at a June rate hike by using the "monitor very closely"
code. UK bank trader says there may be a little disappointment in the market
that recent strong data has not pushed the ECB into a May hike and that's why
EUR/USD came off slightly. Attention now turns to the Q&A session where Trichet
can be expected to be pressed on timing of the next hike, but will likely just
reiterate what he has already inferred. EUR/USD now at 1.3461 with major
support coming in at 1.3410, strong resistance at 1.3480.
Tra-X
  • #1,335
  • Apr 12, 2007 6:57am Apr 12, 2007 6:57am
Quoting JimboFX
Same Eastern European name seen on the offer around 1.9780 on the cable.
I bought at that exact price. Strong signal. 15 pips in 30 minutes. Bailed out. Heck, 15 pips is an achievement for EURUSD, and we are at the peak of a 2 year mountain. Is anyone actually buying now?
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #1,336
  • Apr 12, 2007 7:05am Apr 12, 2007 7:05am
If confirms my 1.3480 level I will buy with T/P at 1.3600

NON NOBIS DOMINE NON NOBIS, SED NOMINI TUO DA GLORIAM!
  • #1,337
  • Apr 12, 2007 1:19pm Apr 12, 2007 1:19pm
That last 4hr candle that just closed is one heck of a hammer. Assault on the newly established high on the horizon?
  • #1,338
  • Apr 12, 2007 6:19pm Apr 12, 2007 6:19pm
The last 4 hour candle is a hammer? Can you be more specific? If you are talking about the eurusd, I don't see any hammers at all even close for at least 2 days?!?!?! I wouldn't argue this pair is going higher, there is nothing good insight for the us dollar but a hammer, not at all.

Ryan
  • #1,339
  • Apr 12, 2007 7:31pm Apr 12, 2007 7:31pm
I'm still holding my long from 1.3355. Let's hope it goes higher.
  • #1,340
  • Apr 12, 2007 7:35pm Apr 12, 2007 7:35pm
Quoting yipcarl
The last 4 hour candle is a hammer? Can you be more specific? If you are talking about the eurusd, I don't see any hammers at all even close for at least 2 days?!?!?! I wouldn't argue this pair is going higher, there is nothing good insight for the us dollar but a hammer, not at all.

Ryan
This is the eur/usd thread is it not? Yea... a hammer, it had a bit of wick on top but not enough to make it neutral. As it turned out it did make a new high, but not a huge increase. The hammer would be the candle right after the candle with the first touch into 1.35.
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