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  • #122,281
  • Jul 16, 2009 11:50am Jul 16, 2009 11:50am
Quoting Tataocb
Ok, here's my view. I went to a 4H chart because lower than that just looks like noise right now.

My possibilities are:

1. Break of 1.4126 and an eventual top at 1.4220.

2. Bounce at 1.4070, then 1.4220.

3. Bounce at 1.4050, then 1.4220.

4. Fall to around 1.4000 before bouncing.

Im thinking it will probably fall before continiung to go up. However I woke up late this morning, so I couldn't catch the top at 1.4164, although i probably would have entered short 1.4150. So for now Im just going to watch. I favor a fall to 1.4050 and see...




think #3 is right , short covering to 1.4054 then to the top of head and shoulders form at 1.42
  • #122,282
  • Jul 16, 2009 11:54am Jul 16, 2009 11:54am
Quoting Turtle4x
are u serious?
how did you come up with this?
The M2 Pivot-line is there.
There is a negativ divergenc on 1H chart so we will go down.
  • #122,283
  • Jul 16, 2009 11:55am Jul 16, 2009 11:55am
Quoting orangeRANGE
Rumours...rumours...rumours.... come on guys............
That's the point. Lately I have seen some posts here calling for some Big Shots positions as if they knew it. But when I heard the one that China is selling at 4050 or 4150 I called the BS on it. I haven't been yet given a good logical reason why China would do that. Atlast got me wrong (he said jump off dollar train - if China would jump off dollar they would have buy orders not sell orders). But I got plenty of mock up replies so I wonder if I didn't step on someone's interest either promotional or other.
  • #122,284
  • Jul 16, 2009 11:56am Jul 16, 2009 11:56am
Quoting Tataocb
Ok, here's my view. I went to a 4H chart because lower than that just looks like noise right now.

My possibilities are:

1. Break of 1.4126 and an eventual top at 1.4220.

2. Bounce at 1.4070, then 1.4220.

3. Bounce at 1.4050, then 1.4220.

4. Fall to around 1.4000 before bouncing.

Im thinking it will probably fall before continiung to go up. However I woke up late this morning, so I couldn't catch the top at 1.4164, although i probably would have entered short 1.4150. So for now Im just going to watch. I favor a fall to 1.4050 and see...
The markets are pretty dull. Only when we get some action with the DOW does everything start moving. As its opened and is doing nothing all the rest is doing the same.
Maybe the last 30mins into the DOW close we might get a move.
rat
  • #122,285
  • Jul 16, 2009 12:00pm Jul 16, 2009 12:00pm
Quoting TheFisherman
That's the point. Lately I have seen some posts here calling for some Big Shots positions as if they knew it. But when I heard the one that China is selling at 4050 or 4150 I called the BS on it. I haven't been yet given a good logical reason why China would do that. Atlast got me wrong (he said jump off dollar train - if China would jump off dollar they would have buy orders not sell orders). But I got plenty of mock up replies so I wonder if I didn't step on someone's interest either promotional or other.
I x trade news eitherway....too emotional...pleaseeeeeeee...hhuuhhhhh....
  • #122,286
  • Jul 16, 2009 12:00pm Jul 16, 2009 12:00pm
Quoting TheFisherman
That's the point. Lately I have seen some posts here calling for some Big Shots positions as if they knew it. But when I heard the one that China is selling at 4050 or 4150 I called the BS on it.
Watch out, da Fisherman in da house, kickin ass & takin names.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #122,287
  • Jul 16, 2009 12:01pm Jul 16, 2009 12:01pm
Quoting TheFisherman
China is full of dollars. Fk they have more dollars than the US Government. WHY would they want to buy MORE dollars when they are sitting on a shit load of dollars already???

E/U - SELL = buy dollars. If China is selling @ 4150 like some say here it means China is actually exchanging Euros for Dollars. Does this bull shit rumor make sense to anybody?
When a company does a capital increase, large shareholders usually buy to avoid dilution. When the US prints extra dollars ...

On a more serious note: I would never in my life trade based on such rumours, I only trade what the charts say.
  • #122,288
  • Jul 16, 2009 12:05pm Jul 16, 2009 12:05pm
Quoting Hell7
On a more serious note: I would never in my life trade based on such rumours, I only trade what the charts say.
Me too...charts charts and charts only...it speaks the market emotion....
  • #122,289
  • Jul 16, 2009 12:09pm Jul 16, 2009 12:09pm
Quoting Hell7
When a company does a capital increase, large shareholders usually buy to avoid dilution. When the US prints extra dollars ...

On a more serious note: I would never in my life trade based on such rumours, I only trade what the charts say.
#1 Not the same. A company can not give itself shares and then sell it on the stock exchange. Central banks do just that when printing money.[EDIT] Errr... I'm not gonna delete it but I think there are rare cases when they do that. Can't remember which company did that recently, they did not sell it on stock exchange but payed debt with the shares.

#2 Yuan and USD are like brothers. China as USA need a weak $/Yuan to help exports. Helping USD up to keep it's value has no sense. That time will come.
  • #122,290
  • Jul 16, 2009 12:10pm Jul 16, 2009 12:10pm
Hello all.

What a boring day huh?
  • #122,291
  • Jul 16, 2009 12:14pm Jul 16, 2009 12:14pm
Quoting TheFisherman
A company can not give itself shares and then sell it on the stock exchange.
I'm not sure what you mean with the above statement: isn't that exactly what a capital increase is all about? What did the big banks do? They created extra stock and sold it.
  • #122,292
  • Jul 16, 2009 12:19pm Jul 16, 2009 12:19pm
Quoting TheFisherman
That's the point. Lately I have seen some posts here calling for some Big Shots positions as if they knew it. But when I heard the one that China is selling at 4050 or 4150 I called the BS on it. I haven't been yet given a good logical reason why China would do that. Atlast got me wrong (he said jump off dollar train - if China would jump off dollar they would have buy orders not sell orders). But I got plenty of mock up replies so I wonder if I didn't step on someone's interest either promotional or other.
Yes, you're right I got you wrong, I do meant jump off the dollar train though. China of course doen't want the dollar to slide into oblivion too quickly, so it's a slow process.
  • #122,293
  • Jul 16, 2009 12:20pm Jul 16, 2009 12:20pm
Quoting Hell7
I'm not sure what you mean with the above statement: isn't that exactly what a capital increase is all about? What did the big banks do? They created extra stock and sold it.
Firstly I thought about emitting new stock to increase capital and then shareholders/emplyees sometimes have the right to buy the new stock at preferential price. That's the only type I know and I'm not gonna go into grounds I don't fully know. Anyway, if a company would be giving shares to itself and then sell it on the market then I would sell off all stocks I have, not buy more. And that's what China would also do (see Atlast's post about jumping off train).
  • #122,294
  • Jul 16, 2009 12:21pm Jul 16, 2009 12:21pm
Quoting F.x.
Hello all.

What a boring day huh?
yeah, from this afternoon, but it gives time to do other things. So been catching up on some reading news.
  • #122,295
  • Jul 16, 2009 12:31pm Jul 16, 2009 12:31pm
Quoting Turtle4x
are u serious?
how did you come up with this?
Bounced off upper trendline and PA pointing to lower levels, though doing it's wiggle before anything. I look at volume trend for weakness.
  • #122,296
  • Jul 16, 2009 12:38pm Jul 16, 2009 12:38pm
Off to watch football and get drunk. My favorite team plays UEFA qualifier. Go Steaua! Go bulls! (Still holding the long trade I posted earlier, SL2 changed to 4095 for scaledown)
  • #122,297
  • Jul 16, 2009 12:43pm Jul 16, 2009 12:43pm
Very simple.Everybody did Buy 1.4100.Break 1.4095 ... 3 pips lower Sell.
  • #122,298
  • Jul 16, 2009 12:46pm Jul 16, 2009 12:46pm
I got three bad sell units at avg 3985 and three good ones at avg. 4128, already offset about 50% of the loss on last nights dip to 4070, so overall pos on account is neg 3% currently. Hate to take a loss. Longs have been attacking at the wee hours of the morning eastern time. No fair!

My plan is to hold everything and wait for the price to drop. Sell rallies at 4145.
  • #122,299
  • Jul 16, 2009 12:47pm Jul 16, 2009 12:47pm
Quoting Tavoforex
Very simple.Everybody did Buy 1.4100.Break 1.4095 ... 3 pips lower Sell.
200% agree.
  • #122,300
  • Jul 16, 2009 12:48pm Jul 16, 2009 12:48pm
Quoting Atlast
Bounced off upper trendline and PA pointing to lower levels, though doing it's wiggle before anything. I look at volume trend for weakness.
hm... interresting.
i didnīt do my homework yet.. but i hope you are right
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