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EURUSD

  • #114,741
  • Jun 25, 2009 6:03am Jun 25, 2009 6:03am
Quoting MrTrendy
....trying to trade at work does my head in!!
You obviously don't have your boss looking over your shoulder. Lucky you. My boss is out of the office too and my productive capacity goes way down. It's fairly obvious to him from his in tray when I've been fluffing around with trading ...
Nothing worth having is easy.
  • #114,742
  • Jun 25, 2009 6:06am Jun 25, 2009 6:06am
gonna hit tp soon
  • #114,743
  • Jun 25, 2009 6:12am Jun 25, 2009 6:12am
waiting waiting waiting... 1.25hrs more
  • #114,744
  • Jun 25, 2009 6:18am Jun 25, 2009 6:18am
The emerging USD bulls + yesterday`s FOMC statement + today's unemployment claims, all are going to crush the pair... imho.
  • #114,745
  • Jun 25, 2009 6:22am Jun 25, 2009 6:22am
Quoting zapper
The emerging USD bulls + yesterday`s FOMC statement + today's unemployment claims, all are going to crush the pair... imho.
and the long-term well-respected uptrend (which we have just bounced off, more or less) doesn't play a role?
TRADE FOR SWAP
  • #114,746
  • Jun 25, 2009 6:30am Jun 25, 2009 6:30am
I assume it will go up to 1.3960/70 before hittin new lows, im still bearish.
Oh how i like bear market hehe
  • #114,747
  • Jun 25, 2009 6:30am Jun 25, 2009 6:30am
i'm out @ 39
  • #114,748
  • Jun 25, 2009 6:32am Jun 25, 2009 6:32am
Quoting cobraforex
Well, it's not that regular but here you have the EA template you wanted, you might need to download the EA with his indis especially the gartley to have the same thing on your chart.
Hi Cobra

I've downloaded your system but looks like it slowed down my system ,is there any solution for that ?
Thanks
{Promotion Removed}
  • #114,749
  • Jun 25, 2009 6:37am Jun 25, 2009 6:37am
Bored!

Time for some sleep!
  • #114,750
  • Jun 25, 2009 6:38am Jun 25, 2009 6:38am
I am not sure how market would react.

That tells me to go clean my golf clubs and forget about it.
  • #114,751
  • Jun 25, 2009 6:44am Jun 25, 2009 6:44am
Quoting Sponser
I assume it will go up to 1.3960/70 before hittin new lows, im still bearish.
Oh how i like bear market hehe
what bear market?
TRADE FOR SWAP
  • #114,752
  • Jun 25, 2009 6:46am Jun 25, 2009 6:46am
Interesting stuff:

Well, as I said in the open, the currencies and commodities got whipsawed yesterday, and the culprit was the FOMC minutes... You see, the Fed Reserve met to discuss rates, and other items. And what they said just blew away the bond vigilantes, and really ticked off the Hawks, but in the end, what they said, was really that things will remain status quo...

Their announcement of bond buying didn't measure up to what the bond folks wanted to see, and their announcement that interest rates won't be going up for some time, didn't measure up to the inflation Hawks, who wanted a comment about fighting inflation. Instead, what they received was more Alfred E. Newman on inflation... "What, me worry?" That's how ridiculous their statement was folks... The Fed still looks for inflation to "remain subdued for some time"... Although... Their outlook for the economy was slightly upbeat...

So... If your confused about what the Fed is thinking... Then join the rest of us! The markets spent the day trying to sort it out, and when it was all said and done, they couldn't, so they sold risk assets... So... The 1.41 level the euro enjoyed yesterday morning when I signed off, is now 1.3945...

...

I came across something yesterday, that I yelled across the desk to make certain everyone knew... Recall at least a month or so ago, I told you how China had called for a new reserve currency, replacing the dollar with SDR's (special drawing rights), which would be a basket of currencies. This news received a ton of publicity... But one thing that didn't receive a ton of publicity was the fact that President Obama agreed at an economic summit in London that SDR's should now be used to help stabilize the balance sheets of nations struggling to combat the current crisis.

Now... On the outside that looks harmless right? Just helping these struggling nations... But! Could this also be a baby step toward a global currency? Could this be a baby step toward a further devaluation of the dollar, and it's signed off on by the President?

OK, now here's the thing that really caught my eye... The IMF is going to issued $300 Billion worth of SDR's. That's 10 Times... That's right, I said 10 Times the amount of SDR's that CURRENTLY EXIST!

Could this be the facility for China to quietly exchange dollar reserves for SDR's? Come on! Somebody has got to see this the same way I do!

I mean, it was just LAST WEEK, that the countries of Brazil, Russia, India and China (BRIC's) called for a "more diversified international monetary system?" Why, yes, Chuck, it was... Just last week! And then this week, the IMF "just happens" to be issuing 10-TIMES the amount of SDR's that CURRENTLY EXIST! Hmmmm...

http://www.dailypfennig.com/currentI...date=6/25/2009
  • #114,753
  • Jun 25, 2009 6:53am Jun 25, 2009 6:53am
When I'm on the right side of it
  • #114,754
  • Jun 25, 2009 6:56am Jun 25, 2009 6:56am
AT least that what my macd d cross and parabolic tell me on the 30 min chart with the line up on the cross and 1st dot
  • #114,755
  • Jun 25, 2009 6:59am Jun 25, 2009 6:59am
i am well loaded on shorts too
  • #114,756
  • Jun 25, 2009 7:01am Jun 25, 2009 7:01am
Quoting trading801
i am well loaded on shorts too
Good luck to the shorters
  • #114,757
  • Jun 25, 2009 7:03am Jun 25, 2009 7:03am
Quoting notch
Bored!

Time for some sleep!

Sweet Dreams
  • #114,758
  • Jun 25, 2009 7:05am Jun 25, 2009 7:05am
Quoting Xaron
Interesting stuff:
[i]
OK, now here's the thing that really caught my eye... The IMF is going to issued $300 Billion worth of SDR's. That's 10 Times... That's right, I said 10 Times the amount of SDR's that CURRENTLY EXIST!

Could this be the facility for China to quietly exchange dollar reserves for SDR's? Come on! Somebody has got to see this the same way I do!

I mean, it was just LAST WEEK, that the countries of Brazil, Russia, India and China (BRIC's) called for a "more diversified international monetary system?" Why, yes, Chuck, it was......

The writing has been on the wall for a long time. I've said before, this is the real fundamental, everything else is just for volatility which is great for me. Going forward there are 2 main considerations, besides the global reserve currency question. One is the fact that US will come out of recession sooner than Europe and second , there is a powder keg waiting to explode in Euro regarding bank stress test, probably in August. On the first, expect interest rate increase, that will help the dollar sliding too far. On the second, expect the Euro to weaken, again keeping the EURUSD in a range.

China is buying all the treasury notes because it uses it to keep it's own currency low for it's exports. Manipulation, wherether the US likes it or not. With it's hoarde of commodities, it is also diversifying away from the Dollar. The dollar is set to be non-existent in a few years. That is my prediction, the only prediction I will make.
  • #114,759
  • Jun 25, 2009 7:05am Jun 25, 2009 7:05am
Quoting Xaron
Interesting stuff:

[i]Well, as I said in the open, the currencies and commodities got whipsawed yesterday, and the culprit was the FOMC minutes... You see, the Fed Reserve met to discuss rates, and other items. And what they said just blew away the bond vigilantes, and really ticked off the Hawks, but in the end, what they said, was really that things will remain status quo...

Their announcement of bond buying didn't measure up to what the bond folks wanted to see, and their announcement that interest rates won't be going up for some time, didn't...
The only result from such a scenario would be less volatility in currency rates. What are you so worried about?
  • #114,760
  • Jun 25, 2009 7:07am Jun 25, 2009 7:07am
Quoting Atlast
The writing has been on the wall for a long time. I've said before, this is the real fundamental, everything else is just for volatility which is great for me. Going forward there are 2 main considerations, besides the global reserve currency question. One is the fact that US will come out of recession sooner than Europe and second , there is a powder keg waiting to explode in Euro regarding bank stress test, probably in August. On the first, expect interest rate increase, that will help the dollar sliding too far. On the second, expect the Euro...
Non existent dollar? Let's not get carried away.
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