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  • #99,901
  • May 24, 2009 3:50pm May 24, 2009 3:50pm
does higher oil prices mean higher euro? is there any correlation there? I ask because everyone is saying oil will reach $75 in the coming week or two.!!
  • #99,902
  • May 24, 2009 3:51pm May 24, 2009 3:51pm
If it goes on like this, I'll be bankrupt before the day is over.
18 pips closer to a margin call. I still have about 2000 pips to go before that actually happens.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #99,903
  • May 24, 2009 3:56pm May 24, 2009 3:56pm
Quoting KillerWhale
If it goes on like this, I'll be bankrupt before the day is over.
18 pips closer to a margin call. I still have about 2000 pips to go before that actually happens.
You have nothing to worry about then.

Just reverse at 150 and ride it back to 160 and you'll break even.

It might get boring after that though.
  • #99,904
  • May 24, 2009 3:57pm May 24, 2009 3:57pm
Anyone know if there is going to be a gap? or the lightly open?


Cheers WG
  • #99,905
  • May 24, 2009 3:59pm May 24, 2009 3:59pm
Quoting KillerWhale
If it goes on like this, I'll be bankrupt before the day is over.
18 pips closer to a margin call. I still have about 2000 pips to go before that actually happens.

i currently 44 pips richer and will be bankrupt if it 20000 pips down
  • #99,906
  • May 24, 2009 3:59pm May 24, 2009 3:59pm
For those of you who do not have FXSOL and do not receive their weekly "Market directions" e-mail, here it is. I rarely post others work, but Joseph Trevisani who is FXSOL's chief market analyst is spot on in regards to the US dollar that answers (or potentially answers) many of the questions that are being posed on the thread currently -

Attached File(s)
File Type: doc Market Directions.doc   31 KB | 530 downloads


either way it's a worthy read for a Sunday afternoon/evening/monday morning - whereever you are.
Pip what you see; See what you pip!
  • #99,907
  • May 24, 2009 4:00pm May 24, 2009 4:00pm
Quoting toshi
It might get boring after that though.
This is what Buffet has to say about that:
"You think trading is exiting? Then you definitely do something wrong.
Succesfull trading is boring."
New voice message: Why are you calling me? If I need you, I'll call you!
  • #99,908
  • May 24, 2009 4:01pm May 24, 2009 4:01pm
Quoting pip-anator
does higher oil prices mean higher euro? is there any correlation there? I ask because everyone is saying oil will reach $75 in the coming week or two.!!
Who?? Nobody I know believes that.
  • #99,909
  • May 24, 2009 4:01pm May 24, 2009 4:01pm
Quoting welshguy2000
Anyone know if there is going to be a gap? or the lightly open?


Cheers WG
-24 pips in GBPUSD
and

+25 in eurusd
  • #99,910
  • May 24, 2009 4:03pm May 24, 2009 4:03pm
Oh man! Do I have to go through this again!
  • #99,911
  • May 24, 2009 4:04pm May 24, 2009 4:04pm
This further move up might be little exciting for some.
  • #99,912
  • May 24, 2009 4:04pm May 24, 2009 4:04pm
Quoting KillerWhale
If it goes on like this, I'll be bankrupt before the day is over.
18 pips closer to a margin call. I still have about 2000 pips to go before that actually happens.
You won’t receive a margin call until next world war, If this margin call considers also the maximum loss on all pending short orders in worst scenario from here to 1.6000. If not, you have 2000 eggs in one basket.
The Thief of Wall Street
  • #99,913
  • May 24, 2009 4:10pm May 24, 2009 4:10pm
EUR-USD WEEKLY line-chart shows a resistance level at 1.4059. IMO we should see some selling come in here. But this last move up is fundamentally based and technicals had little to do with it. With Stochastics stuck in extreem over-bought level we have continued to move higher.

Where is the top? Its up in the air. Trade the price action, with stops. Trend is still up so best to trade from the long side till there is clear evidence that a chart pattern like Double-Top, Head/Shoulders, V formation etc. etc is made which clearly indicates a top is in place.
Attached Image (click to enlarge)
Click to Enlarge Name: eur-usd1.gif Size: 12 KB
  • #99,914
  • May 24, 2009 4:11pm May 24, 2009 4:11pm
Quoting SeerEye
For those of you who do not have FXSOL and do not receive their weekly "Market directions" e-mail, here it is. I rarely post others work, but Joseph Trevisani who is FXSOL's chief market analyst is spot on in regards to the US dollar that answers (or potentially answers) many of the questions that are being posed on the thread currently -

Attachment

either way it's a worthy read for a Sunday afternoon/evening/monday morning - whereever you are.
A good read, indeed.

To sum up what "Mr. T" is saying regarding The US Fed and the next few months or so:

To Quote:

"... If the credit markets can absorb the US issuance over the next three months without driving up interest rates
and the US economy begins to show signs of positive growth by the beginning of the fourth quarter
then the stage is set for a return of the dollar to strength.

But if Treasury rates continue to rise and the Fed is forced into extensive quantitative easing to contain them
then market judgment against the dollar could be harsh indeed...."

So, if we get past the ifs, ands, buts and soforth we could be in for quite a ride.

Joe T. is usually very spot on with his macro analysis and view of the big picture.

Right now, there are just so many possible outside and inside influences that could affect the market
that it's too early to concentrate on September '09 just yet. I'm trying to get past May '09 right now.
  • #99,915
  • May 24, 2009 4:18pm May 24, 2009 4:18pm
Quoting Chicky
You won’t receive a margin call until next worldwar

You mean the war is over ! We can all come out now. Yea !
  • #99,916
  • May 24, 2009 4:21pm May 24, 2009 4:21pm
Quoting welshguy2000
Anyone know if there is going to be a gap? or the lightly open?


Cheers WG

Okay...Okay... here's a nice gap for everybody. See, it's all good.
Attached Image (click to enlarge)
Click to Enlarge Name: euro__.PNG Size: 39 KB
  • #99,917
  • May 24, 2009 4:22pm May 24, 2009 4:22pm
Quoting pip-anator
does higher oil prices mean higher euro? is there any correlation there? I ask because everyone is saying oil will reach $75 in the coming week or two.!!
no way is that going to happen...
Twitter: @forexpokerpro
  • #99,918
  • May 24, 2009 4:24pm May 24, 2009 4:24pm
Quoting toshi
You mean the war is over ! We can all come out now. Yea !
Thre will be no war, if everyone goes into hidings.
The Thief of Wall Street
  • #99,919
  • May 24, 2009 4:25pm May 24, 2009 4:25pm
Call me crazy, I just increased shorts by 20% @ 1.4040.
But this with a stop @ 1.4070. The rest has no stop, but I will partly hedge starting @ 1.4065 and up.
My average short is now 1.3999, up from 1.3991.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #99,920
  • May 24, 2009 4:27pm May 24, 2009 4:27pm
Quoting KillerWhale
Call me crazy, I just increased shorts by 20% @ 1.4040.
But this with a stop @ 1.4070. The rest has no stop, but I will partly hedge starting @ 1.4065 and up.

Hooray!!! I wish I had the balls to increase my shorts but the current pain is quite sufficient.
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