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  • #121,701
  • Edited 6:23am Jul 15, 2009 6:20am | Edited 6:23am
Quoting FX-Petra
... If those 2 combine to suggest US may raise intrest rates before year's end....
US raising interest rates before year end is just 2000% impossible...
With the credit markets still not functioning correctly, the recession, the job situation continuing to be deteriorate, the wave of mortgage delinquencies, and credit cards, the deficits...

Touching the interest rates before 12-18 month from now would make the whole system implode, nuclear style

Time will tell, but cleaning the system will take long years imho.


P.S: And before raising rates the fed should stop giving free money first ( QE )
Getting it right is NOT as important as not getting it wrong.
  • #121,702
  • Jul 15, 2009 6:23am Jul 15, 2009 6:23am
Quoting Domas4
Short since?

14,050....
  • #121,703
  • Jul 15, 2009 6:26am Jul 15, 2009 6:26am
Quoting fxswing
US raising interest rates before year end is just 2000% impossible...
With the credit markets still not functioning correctly, the recession, the job situation continuing to be deteriorate, the wave of mortgage delinquencies, and credit cards, the deficits...

Touching the interest rates before 12-18 month from now would make the whole system implode, nuclear style

Time will tell, but cleaning the system will take long years imho.


P.S: And before raising rates the fed should stop giving free money first ( QE )
Fed Funds Futures options are pricing in a .25% increase by the end of the year. It may not happen, but it is not 2000% impossible.
  • #121,704
  • Jul 15, 2009 6:26am Jul 15, 2009 6:26am
I am short from 1.4080 for quick few pips.
.
  • #121,705
  • Jul 15, 2009 6:27am Jul 15, 2009 6:27am
i doubt it breaks R2
  • #121,706
  • Jul 15, 2009 6:28am Jul 15, 2009 6:28am
Quoting fxswing
Nice breakout, finaly the move I was expecting yesterday...

Watch for the yellow zones for retracement / bounce.
Whoa, man what's that chart?

PS: I exited longs @ 1,4070ish. Now holding small shorts, will add in @ 1.4090.
Greed and impatience are our greatest enemies.
  • #121,707
  • Jul 15, 2009 6:30am Jul 15, 2009 6:30am
Quoting FX-Petra
Fed Funds Futures options are pricing in a .25% increase by the end of the year. It may not happen, but it is not 2000% impossible.
Yep, ok, but I would not bet a dollar on that
Getting it right is NOT as important as not getting it wrong.
  • #121,708
  • Jul 15, 2009 6:30am Jul 15, 2009 6:30am
Okay, this is what I am looking at. Price action is above my daily pivot (magenta line), my weekly pivot (aqua line) and my monthly pivot (lime green line). It's also above my moving averages. It's also done a range of approx. 120 pips today.

Attached Image (click to enlarge)
Click to Enlarge Name: eur-4hour.gif Size: 20 KB
Nothing worth having is easy.
  • #121,709
  • Jul 15, 2009 6:31am Jul 15, 2009 6:31am
Guys you do agree about shorting right....?
  • #121,710
  • Jul 15, 2009 6:32am Jul 15, 2009 6:32am
Quoting supermatt
im not even bothering to trade this mess. Maybe for not even this week. F#ck u eu.
HEY!

Don't drag the whole EU into this, it's mostly EMU's fault for the EUR...
Greed and impatience are our greatest enemies.
  • #121,711
  • Jul 15, 2009 6:35am Jul 15, 2009 6:35am
Quoting Rabax
Whoa, man what's that chart?

PS: I exited longs @ 1,4070ish. Now holding small shorts, will add in @ 1.4090.
It's a market profile chart.
Getting it right is NOT as important as not getting it wrong.
  • #121,712
  • Jul 15, 2009 6:36am Jul 15, 2009 6:36am
Quoting fxswing
Yep, ok, but I would not bet a dollar on that
For short term purposes it does not matter if they actually raise them or not at some distant point in the future. It is about the PERCEPTION of what they may do with rates. That is enough to get the market moving in one direction or another.
  • #121,713
  • Jul 15, 2009 6:36am Jul 15, 2009 6:36am
Quoting Kamikaze456
Guys you do agree about shorting right....?

No. I wouldnt do that. I am waiting still.
- in wonderland
  • #121,714
  • Jul 15, 2009 6:37am Jul 15, 2009 6:37am
Quoting Kamikaze456
14,050....
Man, EU was never at 14,050!!!

But on the serious note - you really are a Kamikaze if you have a hard time taking a 20 pip loss, have you reviewed your risks if you trade this way?!
Greed and impatience are our greatest enemies.
  • #121,715
  • Jul 15, 2009 6:39am Jul 15, 2009 6:39am
does not want to continue to the down side,I will wait for NY open and see those news.I closed my short for now and wait for better confirmation.
.
  • #121,716
  • Jul 15, 2009 6:40am Jul 15, 2009 6:40am
Lol I am crazy...

Been a losing streak for about a week...hoping for a gain today...

Fingers crossed..maybe US CPI reuslts might help...
  • #121,717
  • Jul 15, 2009 6:40am Jul 15, 2009 6:40am
Quoting fxswing
It's a market profile chart.
How is it read? I am seeing this for the first time (honest!). If you have some spare time, i'd be glad if you could give me a short description of what can bee understood from the chart?

Ok I've just read something about that, but where do you get the volume info, ECN?
Greed and impatience are our greatest enemies.
  • #121,718
  • Jul 15, 2009 6:41am Jul 15, 2009 6:41am
R2 sure is strong today. I wonder how C3 is doing.
  • #121,719
  • Jul 15, 2009 6:43am Jul 15, 2009 6:43am
Quoting Kamikaze456
Guys you do agree about shorting right....?
I would not short, even if my avatar is a bear

If I wanted to short, then I would be careful that the price don't find support above 1.4070 and make a new high after... this would indicate further up move to 1.4130 and 1.4200, and bears ass kicking...
Getting it right is NOT as important as not getting it wrong.
  • #121,720
  • Jul 15, 2009 6:45am Jul 15, 2009 6:45am
****
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