EURUSD

Thanks for the appreciation , another goes here , not by me indicators .Hope they help any.
fontu

The US "will not accept" a nuclear-armed North Korea, Defence Secretary Robert Gates has told an Asian summit.

Reckon EURUSD will gap up on Sunday???

I wouldn't mind. I opened a long just before the Friday close and it is 13 pips or so in the green.

Happy weekend.

Going to sleep now.

As if the world didn't have problems enough....

This crazy N. Korean dude should be given a ticket "please, come back in 2015, we're busy now, thank you".

Me neither - I'm still long from last Tues

Nice analysis thanks.

I've just been looking at the USDX again. It looks like make or break to me at this point so I wouldn't be surprised if we do get a pullback this week. The Euro is also near the 50% fib from the July 08 high to the October 08 low.

I've also marked where I found some gaps (for those who believe in gaps) on this chart but I haven't got another data feed for the USDX to verify them so I wouldn't bet the house on it (just something to keep in mind) i.e. that we could go higher on the Euro in the medium term. I've just realised that the higher gap is between 7-8 August (when the downtrend on the Euro started in full force) coinciding with the opening of the Olympics. While the world watched China the big boys pulled the rug. I guess it was an historic moment in both respects.

Have sent you a PM , thank you.

i agree it is..we still got a few red countries involved.. maybe the falling wall was a distraction. when you have the strongest economy why would you screw it up. if you have a dollar and you neighbor has none by sharing that dollar you become economically weaker and neighbor stronger.. amplify this hundreds of billions of times. we gave it all away to make a few individuals richer but the entire country is weaker now. wake up your giving it all away for a i pod and a flat screen.. history repeats, ipod and flat screen, ect. are the shiny beads. who really won the cold war.. i bet the perception to many is changing..you can never sustain a war machine with a weak economy and vice verse.. we took our eye off the ball for some shinny beads. its the 11th hour and we control our own destiny.. enjoy shopping at wally world today because each failed mom and pop soon will be the latest new Chinese restaurant. sure we need trade but trade is swapping something of equal value usually, if not your the fool... you have been sold a lemon. how much lemon aide (with out sugar) can you or your grand kids drink before you get sick of it.

many will put this under the free trade and wrap it all up in the flag. its your patriotic duty to give your country away to make a few rich.. sounds like a bunch of horse crap to me. to allow a certain few to brainwash the masses. like we are children and father knows best. its kinda ironic the certain few ones who wrap themselves in it are usually the first to get out of protecting it. and the first to say lets anoint it with peasant blood.


have a good weekend.. tuck the kids, grand kids in at night. enjoy the latest movie on the mega multi screen i-max. isnt progress great. turn the lights out when your done cause you are done maybe. its just nobody is telling you.. wake up before its too late..each dollar you send to your enemy makes them stronger and you weaker X 2...and takes 3 to get you back where you started..so now it takes 4 to start the scales tipping back in your direction..when i was a kid i had a copy of "Guinness world book of records". it showed the Saudis prince being the richest man in the world (back when oil was 3 bucks a barrel) do the math. so we as a country screw ourselves cause we want to buy cheap crap. so we do and make our enemy's stronger now they demand oil ect. and prices go up.. they now have money to beef up their military so we beef ours up to compete. and the few make it and sell it to the peasants..and so on.. . so how cheap is that cheap crap really? enough i could go on for days..about the fews scheme to take all your money in a great big ponzi scheme that would never work..oops... sorry it worked..remember money is never lost it just changes hands... you put your money in a 401 and poof its gone propt up by fake statements of fictitious earnings. just when it was time for the older boomers to collect.. imagine that..where did this money go????? lets see.. for a punzi scheme to work you have to have the actors selling it with great commissions..those moneys taken out early are real.. the money left may not be.. ok enough with the rant.. i need to watch the tube to figure out what new disease i got.. so i can get some new meds.. i prefer the ones with bloody tarry anal discharge since i tend to lose weight on them.. the draw back is i need to get botoix cause it makes my forehead wrinkle cause of the strain.. oh well enjoy your breakfast.

Happy pippin..

All you guys trying to call the top of this move might like to read the attached FT article.

The line that caught my attention was.......
This net short position was the highest level since the week of July 15, when the dollar hit a record low of $1.6038 against the euro

1.6!!!! -

Think I might just let my positions run.

http://www.ft.com/cms/s/0/88e09848-49fa-11de-8e7e-00144feabdc0.html

Not saying its possible or even likely - but it sure made me think again.

never got it yet

i called the top before last retrace perfectly. i screwed up on the bottom. to be honest i never studied it like a should have..the signs were there.. i ignored them..

Hey Stew

There always seems to be different ways to interpret the data though. Just look at this interpretation posted at the beginning of this week. Although it was good for a couple of hundred odd pips, if profit wasn't locked in and you didn't place a stop at b/e, you would have ended the week looking at losses.

http://www.dailyfx.com/story/chartin...261031462.html

i saw that but didnt call it out when the chest beating was going on..your right.. it was the day before.. i was short but should of bailed when 1hr candle said reversal.. and got on the long train till next reversal..but at the time the weekly was disagreeing.. but the monthy said buy buy buy..

Good morning all... first cup musings.

I open up a yahoo admin email about them closing their blog site or something, and the top line says to "click here if I want to read this notoce in vietnamese..."

Why would i want to read it in another language, and why would i want to read it in vietnamese in any case? weird.

Oh well, 76 sunny degrees outside and I'm taking the boss out for beakfast. After that I'm gonna order an online foreign language course from that place on late night tv.

I haven't decided which one yet, but probably Chinese as that's the one i hope my grandkids are able to learn. my very good Korean friends say no of course, my Inuit and Yupik friends say don't bother and my Mongolian buds just smile and shake their heads.

My 5 years of French from grade school all fell out of my head by my early 20's, my Spanish ain't half bad most of the time and after a week below the border, I'm all good as new (sort of).

The only Chinese I know is what's on the menu and whatever Jackie Chan says when there's one of him and 15 bad guys after him. So many choices, so little time. Oh well... un otro cerveza por favor, y uno por mis amigos tambien.

I have no clue as I haven't had the chance to do any analysis. To busy Pacifying the partner!!!

I know exactly where you were at because I was looking at the same weekly candle - it was disagreeing whereas the monthly was a screaming buy. I'm overall USD bearish though so my bias is different than what appears to be the majority in this thread and that's where I think traders can differ in their assessment of the charts. I know that one day it's going to bite me in the arse though.

I only wish I had saved my charts late Thursday night because posting them now it looks so obvious but this is what I was seeing. On the 1 hour it had hit my 200 SMA and got rejected, double bottomed on RSI and bottomed/turned up on stochs. I admit that I thought that it could have gone either way around the 1.3920 area but once I looked at my 4 hour chart (along with confirming PA) and chuck in a Friday and end-of-month and kaboom. 30m, 1 and 4 hour, daily, weekly and monthly were all above 200 SMA which is just something I look at. I only wish I had placed larger lots and rode it a little longer. Don't laugh at my charts, I'm really not very technical

Don't normally look for chart patterns - except when they fit my bias lol.

But is this a W formation??

Weekly chart shows room to move higher before encountering trendline resistance. However:
The weekly rise on lower volume suggests weakness in the move. With a whitsun holdiay in germany on Monday, the Euro could decline, and the news on the korea tension building up may well put a damper on the rise.
Here is an item from the independent,UK.
May 30, 2009
VC10 aircraft on its way to Asia to help investigations into weapons tests ordered by Kim Jong II on country's east coast

The Ministry of Defence has confirmed that a VC10 tanker plane, which is used for air-to-air refuelling, had been sent to Japan to help with the investigations.

“We will not stand idly by as North Korea builds the capability to wreak destruction on any target in the region, or on us,” he (Robert Gates) said.

A statement by the Korean People’s Army said:

“Those who provoke the DPRK once will not be able to escape its unimaginable and merciless punishment."


Last time around on 27th, the dollar strengthened briefly, but economic data release quicky led to the resumption of risk appetite and away from concerns about the korean missile tests. This time around it may last for more than a day. Something to muse about before the open.