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  • #107,821
  • Jun 9, 2009 7:37am Jun 9, 2009 7:37am
Quoting Martingale
I just think we are creating the second shoulder here...
I think we go to 1.4040-70 to creating the second shoulder
PLANE YOUR TRADE - TRADE YOUR PLAN
  • #107,822
  • Jun 9, 2009 7:44am Jun 9, 2009 7:44am
Quoting stefx
An analyst is someone who can tell you tomorrow why his todays forecast did not happen
LOL

that is so funny, because it's true!
  • #107,823
  • Jun 9, 2009 7:44am Jun 9, 2009 7:44am
yes possible as near 38.2% but i fell still their is power of c leg
but nearly complete to make shoulder then should rally down
i did not see it otuched 5 ema in day
so may be completed now should start to rally down soon more rapidly i closed to early may be a retest should happen or slightly high 1.4008 as 15 M and 30 M still have power yet so may be a double top or slightly high and will show divergence in rsi and macd means good bye miss euro
  • #107,824
  • Jun 9, 2009 7:44am Jun 9, 2009 7:44am
Quoting V_STrader
I think we go to 1.4040-70 to creating the second shoulder
I had an order to short at 1.4070, but got in early..hope I dont regret it.
  • #107,825
  • Jun 9, 2009 7:48am Jun 9, 2009 7:48am
Quoting TIckerShuffl
There attempts to prompt dollar selling is likely directed / connected to their oil exposure.

Oil needs to tank, the charade is not going to hold up much longer.
Yeah, good point, no doubt they are long on oil as well. I see Goldman are also saying that the US is on the road to stabilization.

I don't know. I have a hard time seeing Euro at parity unless it all starts falling apart with countries withdrawing etc.

Few years ago it was all about twin deficits, medicare, Social Security and the wars in Iraq and Afghanistan. Now add to that TARP, TALF, housing, unemployment, debt-ridden California, protectionism, socialism and the bonds they've still got to sell, blah, blah, blah - it's mind boggling.

So where are you at? Still wobbling?
Nothing worth having is easy.
  • #107,826
  • Jun 9, 2009 7:49am Jun 9, 2009 7:49am
Watch the 1.3920 for an entry LONG. Expectation is a push to 1.4030 (110pip move)
my bad ..originally 50pips stated
  • #107,827
  • Jun 9, 2009 7:50am Jun 9, 2009 7:50am
Quoting TIckerShuffl
I had an order to short at 1.4070, but got in early..hope I dont regret it.
I had three sell orders 1.4025 1.4045 and 1.4065 SL 1.4115 for all
PLANE YOUR TRADE - TRADE YOUR PLAN
  • #107,828
  • Jun 9, 2009 7:52am Jun 9, 2009 7:52am
Be careful with Dollar longs today. There is a treasury auction today and I doubt it will be good for the Dollar...
  • #107,829
  • Jun 9, 2009 7:52am Jun 9, 2009 7:52am
Quoting Patience
Yeah, good point, no doubt they are long on oil as well....
I m short from here. Could be huge mistake, but alas no guts no glory.

EDIT I am looking for over subscription on treasury auction as people seek decent interest rates and US dollars.
  • #107,830
  • Jun 9, 2009 7:54am Jun 9, 2009 7:54am
if they push commodity at current situation then wait for deflation and then will be worst
as economy has not strong strength yet it has just reborn and u want to run so quick they will fall and will hurt themself wait and see
what will happen
if they go slowly then possible to stable the ecnomy and start again
currently they need nmoe another 6 months before start to recover
so still not much possible i have no position curently but wait to sell on any rally yet once all cpmpleted then will go long for new high later
  • #107,831
  • Jun 9, 2009 7:54am Jun 9, 2009 7:54am
up trend start
  • #107,832
  • Jun 9, 2009 8:00am Jun 9, 2009 8:00am
Quoting TIckerShuffl
I m short from here. Could be huge mistake, but alas no guts no glory.
Well I just took a hit on the GBP. I guess with the UK government falling apart, Jim Rodgers putting his curse on it and the debt the UK is in, it wasn't a good idea to short it - lol. Should have listened to Trout but I didn't see his recent call until today. I'm buying AUD on dips though.

Yes, will be interesting to see what happens once interest rates start going up or being priced in.
Nothing worth having is easy.
  • #107,833
  • Jun 9, 2009 8:00am Jun 9, 2009 8:00am
Heading for the 50 % level at 1.4037.
  • #107,834
  • Jun 9, 2009 8:01am Jun 9, 2009 8:01am
shorrterm is down but bigger timeframe is up
and slow sto still pointing down in day let us see where it goes
stock markets need to stabalise and commodity too
  • #107,835
  • Jun 9, 2009 8:03am Jun 9, 2009 8:03am
Got to trade the charts and price action. I have come to realize that trading because of what the news is saying is futile. I say got to trade the momentum.
  • #107,836
  • Jun 9, 2009 8:07am Jun 9, 2009 8:07am
Quoting Patience
Well I just took a hit on the GBP. I guess with the UK government falling apart, Jim Rodgers putting his curse on it and the debt the UK is in, it wasn't a good idea to short it - lol. Should have listened to Trout but I didn't see his recent call until today. I'm buying AUD on dips though.

Be careful on AUD as the DXC is about ready to turn around, also the GBP is a good short and suspect it might get 1.6240 and then go south
  • #107,837
  • Jun 9, 2009 8:08am Jun 9, 2009 8:08am
I think at best it gets to 1.4040 if this isn't the top here which it may very well be since it is at 38.2
  • #107,838
  • Jun 9, 2009 8:12am Jun 9, 2009 8:12am
Quoting currencyexch
Be careful on AUD as the DXC is about ready to turn around, also the GBP is a good short and suspect it might get 1.6240 and then go south
Okay, thanks for that. All locked in green on AUD but obviously my timing sucked on GBP (as it always does). No wonder I hardly touch it, always seems to do the opposite.
Nothing worth having is easy.
  • #107,839
  • Jun 9, 2009 8:12am Jun 9, 2009 8:12am
still rally possible 4 hr tf ssto only 56
from my view actually to enter good shot is 1.4040-1.4070
which will complete w 4 and actually 1.4040 is touching 200 ema in 60 minutes should hav e a nice pull back from there so let us wait and see
i have place my order at 1.4040 and 60 m 30 m 15 m 5 m ssto should be in overbought zone
  • #107,840
  • Jun 9, 2009 8:16am Jun 9, 2009 8:16am
i emtered shot 1.4012
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