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  • #90,401
  • Apr 29, 2009 6:15am Apr 29, 2009 6:15am
Quoting BoredToLoose
I've told yesterday that a Daily close above 1.3096 was time to close some shorts. Now it is time to wait and see.

For me the only area now shortable or more safe for shorts are above 1.3377 to 1.3433.

I am out for today, will wait to see if price cross 1.3300, if so I will be flat until I see price again above 1.3600.

For now the timing it is to see some retrace for next 3 M30, if no, so this only means that shorts are toasted, including mine!
Same cept I have a long in /and may get out any second
  • #90,402
  • Apr 29, 2009 6:16am Apr 29, 2009 6:16am
Quoting BoredToLoose
I've told yesterday that a Daily close above 1.3096 was time to close some shorts. Now it is time to wait and see.

For me the only area now shortable or more safe for shorts are above 1.3377 to 1.3433.

I am out for today, will wait to see if price cross 1.3300, if so I will be flat until I see price again above 1.3600.

For now the timing it is to see some retrace for next 3 M30, if no, so this only means that shorts are toasted, including mine!
What time frame are you trading ?
  • #90,403
  • Apr 29, 2009 6:24am Apr 29, 2009 6:24am
Quoting plan-b
QE-quantitative easing involves increasing the size of the Federal Reserve’s balance sheet by purchasing agency mortgage-backed securities.
The dollar will crush if the fed announces more QE measures..

There is any expectiation due to this you are explaing?
Will dollar crush or strenght?
  • #90,404
  • Apr 29, 2009 6:27am Apr 29, 2009 6:27am
Quoting Atlast
What time frame are you trading ?
I use above M30, but I trade long Term with some scalps on the way.
  • #90,405
  • Apr 29, 2009 6:38am Apr 29, 2009 6:38am
Banging head on upper trend channel @ 3262 with 4hr stoch about done/overbought. Daily stoch is neutral and in a tangle. There is another TL just above 3300 that has served as a 'spike through' level a couple of times on moves up and could very well touch that on a follow through.
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  • #90,406
  • Apr 29, 2009 6:39am Apr 29, 2009 6:39am
Quoting Alado
There is any expectiation due to this you are explaing?
Will dollar crush or strenght?

Its all speculation at the moment.
traders are buying into the rumor..
if the fed project a positive outlook and signal the end of QE,the dollar will gain against other currencies(and vice versa)
if you dont have an open position i would advice you to side aside until the dust has settled after the news.
by then price might be touching the upper trendline on the daily chart and offering good shorting opportunities
Some drink at the fountain of knowledge. Others just gargle !
  • #90,407
  • Apr 29, 2009 6:47am Apr 29, 2009 6:47am
Price only stalled at 1.3262, but it stalled long enough for me to know that if it trades below that level it's a short on. Meanwhile stopped out
  • #90,408
  • Apr 29, 2009 6:53am Apr 29, 2009 6:53am
Maybe we can consider shorting? a strong treadline coupled with a fibo...
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  • #90,409
  • Apr 29, 2009 6:53am Apr 29, 2009 6:53am
USD/CHF just broke below neckline of H&S
  • #90,410
  • Apr 29, 2009 6:57am Apr 29, 2009 6:57am
Next US news : Advance GDP q/q

Is it possible that the PA will reverse because of this?
The trend is your friend and you is your enemy - MJ
  • #90,411
  • Apr 29, 2009 7:00am Apr 29, 2009 7:00am
Man

If u check your chart well , u will find an up move of 300 pip with out any retrace, I think Big boys waiting for this level to start doing thier work

Quoting Moneys Lover
Next US news : Advance GDP q/q

Is it possible that the PA will reverse because of this?
  • #90,412
  • Apr 29, 2009 7:01am Apr 29, 2009 7:01am
Eurusd is ready to explode up to 1.36 and higher. Fasten your seatbelts for the ride of your life!
  • #90,413
  • Apr 29, 2009 7:04am Apr 29, 2009 7:04am
Quoting tamster
USD/CHF just broke below neckline of H&S
Everything depends on dollar action post GDP and FOMC
With a little patience we might have good areas to buy usd against EUR,CHF,AUD,CAD
Some drink at the fountain of knowledge. Others just gargle !
  • #90,414
  • Apr 29, 2009 7:09am Apr 29, 2009 7:09am
are you guys staying in a trade during the news
  • #90,415
  • Apr 29, 2009 7:10am Apr 29, 2009 7:10am
Quoting Alderlug
Eurusd is ready to explode up to 1.36 and higher. Fasten your seatbelts for the ride of your life!

if you are already in a long trade then good for you but i dont think now is a good time to enter..
a combination of news and big boys playing can completly reverse that rally
Some drink at the fountain of knowledge. Others just gargle !
  • #90,416
  • Apr 29, 2009 7:13am Apr 29, 2009 7:13am
Daily R2 is 1.3293 and last Friday's high of 1.3300 loom large.

Not to mention FOMC announcement later this afternoon how that might affect PA for the rest of the day/week.
  • #90,417
  • Apr 29, 2009 7:20am Apr 29, 2009 7:20am
Quoting SunTrader
Daily R2 is 1.3293 and last Friday's high of 1.3300 loom large.

Not to mention FOMC announcement later this afternoon how that might affect PA for the rest of the day/week.

In an effort not to sound stupid and trying to learn...

I see PA a lot what is this the abbreviation for?
Designer by day Trader by night.
  • #90,418
  • Apr 29, 2009 7:20am Apr 29, 2009 7:20am
Price action
TRADE FOR SWAP
  • #90,419
  • Apr 29, 2009 7:26am Apr 29, 2009 7:26am
US Durable Goods for February was greatly revised downward from 3.9% to 2.0%. it was noted that it will drag Q1 GDP down as well.
  • #90,420
  • Apr 29, 2009 7:30am Apr 29, 2009 7:30am
Quoting mattpajek
are you guys staying in a trade during the news
You better beside of the trade
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