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  • #94,401
  • May 10, 2009 9:59am May 10, 2009 9:59am
lol... i bet most of the traders here have open positions over the weekend... some say up, some say down. I`m going to move my stop at entry, since anything that goes up comes down...
  • #94,402
  • May 10, 2009 10:07am May 10, 2009 10:07am
Just a little question: Do someone thinks this makes sense??
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  • #94,403
  • May 10, 2009 10:09am May 10, 2009 10:09am
I know 'big money' moves the markets and when it comes to money, nothing is left to chance. If this 'gap' turns out to be a ghost, then I'm sorry for wasting everyone's time. But if it does happen, up or down, I'd like to understand why, and then maybe try to profit from it, or at the very least, chaulk this up to experience. Invariably these money moves are always political. Do we have a USD EURO powerplay going on, aside from the obvious where the US wants a weak dollar and Europe (Germany) is reluctant to lower rates to near zero? If they do this, and if all countries to this, then the entire planet gets revalued and then everyone starts to rebuild at the same pace. It appears many countries are reluctant to do this because they will be behind in the curve. Are those in the stock markets being set up for a fall? The one thing I love about the markets is that it lives and breaths on its own. But there will always be players in the background pushing the ball in the direction that favours them.

This may be too much 'cloak and daggers' for a Sunday morning, but I have some free time while my kids pamper my wife on mother's day
Si vis pacem, para bellum.
  • #94,404
  • May 10, 2009 10:23am May 10, 2009 10:23am
Quoting Rednose
Just a little question: Do someone thinks this makes sense??
yep, then a pullback, a retest, and down. One scenario.

Or just up. Another scenario.

But I am going with #1 for my own reasons.
  • #94,405
  • May 10, 2009 10:26am May 10, 2009 10:26am
not good news for the opening of the week
http://news.bbc.co.uk/2/hi/business/8042509.stm
  • #94,406
  • May 10, 2009 10:37am May 10, 2009 10:37am
Quoting emda
not good news for the opening of the week
http://news.bbc.co.uk/2/hi/business/8042509.stm
thats a blow for the euro.I am still long, i am hoping i will be able to get out before it goes down.I dont really understand the strength in euro.Seriously, US has big problems but all the focus seems to be on US only.No one sees how bad the eurozone is.While eastern europe is almost bankrupt, the major euro countries like germany, italy are struggling.Spains housing market has collapsed completely.Honestly speaking, i would not be surprised to see weakness in the euro.
  • #94,407
  • May 10, 2009 10:42am May 10, 2009 10:42am
Quoting emda
not good news for the opening of the week
http://news.bbc.co.uk/2/hi/business/8042509.stm
Could it mean that with the bad news for Opel, fear spreads on Euro, and it goes a little down?? Makes sense to you this logic??

Un abrazo.
  • #94,408
  • May 10, 2009 10:46am May 10, 2009 10:46am
Quoting sid7121
thats a blow for the euro.I am still long, i am hoping i will be able to get out before it goes down.I dont really understand the strength in euro.Seriously, US has big problems but all the focus seems to be on US only.No one sees how bad the eurozone is.While eastern europe is almost bankrupt, the major euro countries like germany, italy are struggling.Spains housing market has collapsed completely.Honestly speaking, i would not be surprised to see weakness in the euro.
in Spain we may reach 20% of unemployment by the end of the year... 20%!!
and a strong euro is not going to help Spain at all... and the same for all the rest countries except Germany.
in my opinion this would be another spike to reach all the stops that are at the 1.38 levels and then can resume the downtrend... That would be the logical option... BUT... the problem is that US doesn't care at all about the dollars and there are a lot more of dollars to dump...
  • #94,409
  • May 10, 2009 10:46am May 10, 2009 10:46am
Rednose, et al. I do think "they" know about this bad news and all bad (financial) news that comes out of Europe. The question is WHY are those with the real money (governments, banks) propping up the Euro when there is all this bad news?
Si vis pacem, para bellum.
  • #94,410
  • May 10, 2009 10:49am May 10, 2009 10:49am
Quoting Rednose
Could it mean that with the bad news for Opel, fear spreads on Euro, and it goes a little down?? Makes sense to you this logic??

Un abrazo.
yes. but it is risky to trade opening of the weeks. you can just watch and learn what happened. There is a strong momentum and it is the first time that we break an important daily trendline to the upside. we could wipe out friday movement quickly or continue the breakout. it is very risky to trade now in my opinion to any side... we have 1.38 to hunt the stops... but it is quite overbought already... but as always. it doesn't mean it can't go higher.
  • #94,411
  • May 10, 2009 10:49am May 10, 2009 10:49am
Quoting emda
not good news for the opening of the week
http://news.bbc.co.uk/2/hi/business/8042509.stm
Good news for me, I hope, I went short on Friday at 3609 SL 3650 TP of 3409 (wishfull thinking). I do feel bad for the employees. I hope they could figure something out. Maybe that's explains the gap.....hmmm NO don't think so.

Please,please, please IBFX gap 200 down!
  • #94,412
  • May 10, 2009 10:51am May 10, 2009 10:51am
Quoting jphotdeals
Good news for me, I hope, I went short on Friday at 3609 SL 3650 TP of 3409 (wishfull thinking). I do feel bad for the employees. I hope they could figure something out. Maybe that's explains the gap.....hmmm NO don't think so.

Please,please, please IBFX gap 200 down!
lol ibfx here too, i heard they are good at manipulation.If it gaps down i wouldnt be surprised to see ibfx not gapping down.
  • #94,413
  • May 10, 2009 10:52am May 10, 2009 10:52am
Quoting Duce
Rednose, et al. I do think "they" know about this bad news and all bad (financial) news that comes out of Europe. The question is WHY are those with the real money (governments, banks) propping up the Euro when there is all this bad news?
because it seems to go up now in one day or two. but fundamentals are in other timeframe. monthly. Smart money usually go always against the intraday price action... Someone has to sell when everybody is buying. Some trade monthly and others trade daily. And that's how it works.
  • #94,414
  • May 10, 2009 10:54am May 10, 2009 10:54am
Your decision to go "long" or "short" should always be based on pertinent information and analysis...not wishes or prayers. I "wish" good luck to everyone on Monday, including myself. I know I'll need it.
Si vis pacem, para bellum.
  • #94,415
  • May 10, 2009 10:55am May 10, 2009 10:55am
Quoting Duce
Your decision to go "long" or "short" should always be based on pertinent information and analysis...not wishes or prayers. I "wish" good luck to everyone on Monday, including myself. I know I'll need it.
thanks mate, u bet i need it too..holding big positions too.
  • #94,416
  • May 10, 2009 10:56am May 10, 2009 10:56am
What propping up? I would not be concerned at all unless Fiber goes well past 1.6000 against the dollar. It is still well within it's range, remember what happened a few weeks ago-14700? 13700? This is just pure technicals playing out on a timeframe most of us dont care to bother aboot...

See, this week is very interesting. I am going to watch which way does the Oil go? As I have mentioned here b4, this is insane optimism-I need to see if US allows oil to jump past 60 level. With the SP reserve at these highs (read supply glut), it is going to tumble down if Nobama decides to release SPR into markets. And why would he not?

This is upside is nothing. If you had noticed the way equities rose, the Aussie dollar rose, the oil rose and yet the fiber stayed in doldrums at 3300-3400 for many days jumping only on Friday as a knee jerk response from those who thought may be they have missed the gravvy train, it is now going to come down.

I say, let us wait till Mondee, Tuesday morning at best, but before that a lil pullback till 3700-3750 (3800 max.) and then we go down.

Well ofcourse MHO.




Quoting Duce
Rednose, et al. I do think "they" know about this bad news and all bad (financial) news that comes out of Europe. The question is WHY are those with the real money (governments, banks) propping up the Euro when there is all this bad news?
Its all in the mind.
  • #94,417
  • May 10, 2009 10:56am May 10, 2009 10:56am
Quoting emda
because it seems to go up now in one day or two. but fundamentals are in other timeframe. monthly. Smart money usually go always against the intraday price action... Someone has to sell when everybody is buying. Some trade monthly and others trade daily. And that's how it works.
and what do the other timeframes indicate? Euro up?
Si vis pacem, para bellum.
  • #94,418
  • May 10, 2009 10:59am May 10, 2009 10:59am
Quoting Duce
I know 'big money' moves the markets and when it comes to money, nothing is left to chance....

Thursday news, rate cute and Euro Quantitative Easing. That's rather Bearish for Euro no matter how you slice it. Now, Fridays run was likely a kick in the balls for momentum players on the wrong side, perhaps it's time to return to downside?
  • #94,419
  • May 10, 2009 11:09am May 10, 2009 11:09am
Also Fannie reported a 20 billion dollar loss on friday, wonder what effect will it have on the Dow and EUR/USD?
  • #94,420
  • May 10, 2009 11:10am May 10, 2009 11:10am
Quoting TIckerShuffl
Thursday news, rate cute and Euro Quantitative Easing. That's rather Bearish for Euro no matter how you slice it. Now, Fridays run was likely a kick in the balls for momentum players on the wrong side, perhaps it's time to return to downside?
probable. But I have a strange feeling that the Euro has seen worse in USD and GBP that it`s learning fast and making corrections then and there so that it always stays at the top... A "U shape" recovery possible... Having said that, i`m a bear...
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