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EURUSD

  • #109,161
  • Jun 11, 2009 1:37pm Jun 11, 2009 1:37pm
Quoting Paupau MX
that right shoulder in the day chart better start forming its way down atherwise its going to look like a F$%$ broken collar bone!!
*L* coin toss.. oil getting pretty expencive.. not good for stocks or e-zone.or any other exporter... just gotta get to the straw the breaks the cammels back.. or the ridders ass.. im still on the bear side..but its not close to a sure thing.. 4175 area proves itself again..
those who can, do. those who cant, talk about those who can
  • #109,162
  • Jun 11, 2009 1:42pm Jun 11, 2009 1:42pm
Anybody tracking this 4-hour fork? Upper line was the last TP of a long, so it made me some good pips already.

Now short - if medianline is next where headed towards 1.395
Attached Image (click to enlarge)
Click to Enlarge Name: EUR.GIF Size: 39 KB
  • #109,163
  • Jun 11, 2009 1:43pm Jun 11, 2009 1:43pm
My Broker increased spread to 2.0 for the end of the day. So unless I notice a strong move, I am out for today...

Wish you all good trades.
  • #109,164
  • Jun 11, 2009 2:00pm Jun 11, 2009 2:00pm
we need to have a daily close about 1.414 for this rally to sustain or else we are headed down. Weekley still bearish
  • #109,165
  • Jun 11, 2009 2:14pm Jun 11, 2009 2:14pm
Quoting Hell7
Anybody tracking this 4-hour fork? Upper line was the last TP of a long, so it made me some good pips already.

Now short - if medianline is next where headed towards 1.395
Yes, well picked up. In fact even if you had drawn another fork starting from the LL on the chart and the same two points on the right you would have an upsloping track, and you would still have picked off the high close enough.
I suggest you draw that one as well to give you a sense of balance.
  • #109,166
  • Jun 11, 2009 2:18pm Jun 11, 2009 2:18pm
Quoting gatorinla
cool we bailed out goldmen now they are running up the price of oil.. we bailed out kuwait and now there cutting oil production till we get to 100 bucks a barrel.. when will we learn? mind our own business..
Mon ami sky high oil will be a solid gold blessing in disguise if it makes the US get serious about renewable energy. US's addiction to foreign oil will keep leading it into unnecessary foreign wars and could kill or disable it permanently if not kicked. No need, we have all kinds of resources that could be developed if the nation's energy policies were taken back from the fossilenergy corporations. If there were serious political will we could get off the foreign oil tit within a generation. Higher and higher oil prices are inevitable anyway. When will we wake up...?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #109,167
  • Edited 2:24pm Jun 11, 2009 2:23pm | Edited 2:24pm
Quoting Atlast
Yes, well picked up. In fact even if you had drawn another fork starting from the LL on the chart and the same two points on the right you would have an upsloping track, and you would still have picked off the high close enough.
I suggest you draw that one as well to give you a sense of balance.
You mean something like this?

I guessed the medianline-starting point as my intraday-charts only show 10 days of data (*) but it seems to fit.

(*) 10 days is enough for the very small timeframes but quite annoying for the 4 & 1 hour.
Attached Image (click to enlarge)
Click to Enlarge Name: EUR.GIF Size: 27 KB
  • #109,168
  • Jun 11, 2009 2:24pm Jun 11, 2009 2:24pm
Quoting Paupau MX
that right shoulder in the day chart better start forming its way down atherwise its going to look like a F$%$ broken collar bone!!
i think that when you guys read my posts you do the spanish accent, hahahaha.... andale andale arriba arriba!!!!
"Do or do not... there is no try" Master Yoda
  • #109,169
  • Jun 11, 2009 2:25pm Jun 11, 2009 2:25pm
can someone please point me to the information or explain why there is an inverse correlation between the dollar and employment #s. someone mentioned earlier that it is normal for the dollar to go down when there are good employment #s as it did this morning.

thanks
  • #109,170
  • Jun 11, 2009 2:30pm Jun 11, 2009 2:30pm
Quoting Dish
can someone please point me to the information or explain why there is an inverse correlation between the dollar and employment #s. someone mentioned earlier that it is normal for the dollar to go down when there are good employment #s as it did this morning.

thanks
well as far as I have followed forex and other markets such as equities what I have noticed is tht if there is any good news the market would usually goes against it for example 2day when the numbers came out in green dollar since then became weak and there are lots of other examples. One reason why this happens is tht the central banks and big players who were taking profits in the dollar and creating new shorts.
  • #109,171
  • Jun 11, 2009 2:33pm Jun 11, 2009 2:33pm
Quoting Dish
can someone please point me to the information or explain why there is an inverse correlation between the dollar and employment #s. someone mentioned earlier that it is normal for the dollar to go down when there are good employment #s as it did this morning.

thanks
I`ve been thinking this all day too and came up with this: more jobs, more money ... wich leads to ... more money, less value...
Hope that helps... But mybe i am wrong about this... Don`t know for sure... Still thinking about it...
  • #109,172
  • Jun 11, 2009 2:35pm Jun 11, 2009 2:35pm
Quoting vinesh2
we need to have a daily close about 1.414 for this rally to sustain or else we are headed down. Weekley still bearish
why 1.4140 ???
  • #109,173
  • Jun 11, 2009 2:37pm Jun 11, 2009 2:37pm
Quoting Turtle4x
I`ve been thinking this all day too and came up with this: more jobs, more money ... wich leads to ... more money, less value...
Hope that helps... But mybe i am wrong about this... Don`t know for sure... Still thinking about it...
Another explication: more jobs, good for stocks, less risk-aversion, bad for dollar.

But I stopped trying to understand the reactions a long time ago, I simply trade what I see.
  • #109,174
  • Jun 11, 2009 2:41pm Jun 11, 2009 2:41pm
Quoting Hell7
Another explication: more jobs, good for stocks, less risk-aversion, bad for dollar.
BTW: I know it happens but I don't understand why one would buy dollars when being risk-averse. Isn't the collapse of the dollar currently the greatest risk, seeing all the mess the FED is creating? I convert my dollar winnings safely to my beloved EUR (= native currency) every day - IMHO the dollar stinks.
  • #109,175
  • Jun 11, 2009 2:44pm Jun 11, 2009 2:44pm
Quoting Paupau MX
i think that when you guys read my posts you do the spanish accent, hahahaha.... andale andale arriba arriba!!!!
Or we might say:

My name is don Pancho
I live on el rancho
I make just five dollars a day.

I go see Miss Lucy
She give me some p____
She take my five dollars away.


Ay Dios miooo! Ain't that terrible?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #109,176
  • Jun 11, 2009 2:47pm Jun 11, 2009 2:47pm
Quoting Hell7
Another explication: more jobs, good for stocks, less risk-aversion, bad for dollar.

But I stopped trying to understand the reactions a long time ago, I simply trade what I see.
I was thinking this:
when the economy strengthens inflation follows and when inflation rises, interest rates get cut, and when interest rates get cut, equities like stocks and bonds go up BUT currency goes down. And so the sell is based on that principal.
  • #109,177
  • Jun 11, 2009 2:48pm Jun 11, 2009 2:48pm
Said this a dozen times this week...watching the 1.4080 magnet....and lower still short here.
  • #109,178
  • Jun 11, 2009 2:48pm Jun 11, 2009 2:48pm
Quoting The Fool
Or we might say:

My name is don Pancho
I live on el rancho
I make just five dollars a day.

I go see Miss Lucy
She give me some p____
She take my five dollars away.


Ay Dios miooo! Ain't that terrible?
Do some of you ever remember that there are ladies participating in this forum? Grow Up! D*mn!
  • #109,179
  • Jun 11, 2009 2:53pm Jun 11, 2009 2:53pm
Quoting pippenn
Do some of you ever remember that there are ladies participating in this forum? Grow Up! D*mn!
LoL... Take it easy bro, he is just make jokes in distress market situation. But note taken, there are also ladies in this thread that we shouldn't ignore. *peace
Just a monkey who love to dance and laugh. {Promotion Removed}
  • #109,180
  • Jun 11, 2009 2:56pm Jun 11, 2009 2:56pm
Quoting The Fool
Or we might say:

My name is don Pancho
I live on el rancho
I make just five dollars a day.

I go see Miss Lucy
She give me some p____
She take my five dollars away.


Ay Dios miooo! Ain't that terrible?

that's what happens when I trade
"Do or do not... there is no try" Master Yoda
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