LOL...now I know what you meant by DNA Stew...Definately Not Alternating....
Cable Update (GBPUSD)
- #154,802
- Aug 4, 2009 5:04am Aug 4, 2009 5:04am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
Ghost Rider - WWTBMD?
- #154,804
- Aug 4, 2009 5:06am Aug 4, 2009 5:06am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You 
- #154,805
- Aug 4, 2009 5:06am Aug 4, 2009 5:06am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
lol yea. That button is the factory's best function
hey bro, i'm not amin
Hey AZIM...lol
Are we on our way to 5300 yet buddy? Would be SWEET from here.
Ghost Rider - WWTBMD?
- #154,806
- Aug 4, 2009 5:07am Aug 4, 2009 5:07am
- Joined May 2009 | Status: step into liquid | 3,459 Posts
Thanks re: pivot. 
I'm getting nervous at this point. a nice range day would calm me down before the train starts again. I have a feeling we are either going back towards 7000 oe back to the pivot.
I'm getting nervous at this point. a nice range day would calm me down before the train starts again. I have a feeling we are either going back towards 7000 oe back to the pivot.
- #154,807
- Aug 4, 2009 5:11am Aug 4, 2009 5:11am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
I call it my "shit-list".... Hope Forex Factory haven't got limits on the number of posters I can enter to this exclusive club!
Hope you're well, Azim.
Btw, what's your take on current dollar weakness?
Have a good one bro
Thank You
- #154,808
- Aug 4, 2009 5:11am Aug 4, 2009 5:11am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
lol yea. That button is the factory's best function
hey bro, i'm not amin
- #154,810
- Aug 4, 2009 5:16am Aug 4, 2009 5:16am
- | Joined May 2009 | Status: Trader | 1,124 Posts
Hey AZIM...lol
Are we on our way to 5300 yet buddy? Would be SWEET from here.
.
You've got to be IN IT to WIN IT!
- #154,811
- Aug 4, 2009 5:17am Aug 4, 2009 5:17am
- Joined Mar 2009 | Status: FX | 3,789 Posts
Veni, Vidi, Vici (We came, we saw, we conquered)
- #154,812
- Aug 4, 2009 5:24am Aug 4, 2009 5:24am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Hey AZIM...lol
Are we on our way to 5300 yet buddy? Would be SWEET from here.
I think you had the same lines on your daily as the one I have attached below & you can see from where we are right now, 5300 is kinda far fetched. I'm short from the current price targeting 6700. When price gets there, I'll be looking to go long. Of course I'll need to confirm how price reacts once it gets there, if it permits further selling then i'll do just that, else I'll buy the dip.
Thank You
- #154,813
- Aug 4, 2009 5:26am Aug 4, 2009 5:26am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
LOL I have been laughing my head off thinking about it. Sorry wormy
Thank You
- #154,814
- Aug 4, 2009 5:27am Aug 4, 2009 5:27am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
I've been talk'n to Gras man abt your dragon. Am investigating her in the next couple of weeks.
Let me warn you tho ... once you go dragon, you won't go back!
Thank You
- #154,815
- Aug 4, 2009 5:29am Aug 4, 2009 5:29am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
hey chris. 5300 is out of the question now I'm afraid.
I think you had the same lines on your daily as the one I have attached below & you can see from where we are right now, 5300 is kinda far fetched. I'm short from the current price targeting 6700. When price gets there, I'll be looking to go long. Of course I'll need to confirm how price reacts once it gets there, if it permits further selling then i'll do just that, else I'll buy the dip.
...I was only kidding of course but the dream IS a nice one...eh?I too will be looking to buy the dips and when and if told so by PA in a range, safe sells as well.
Ghost Rider - WWTBMD?
- #154,817
- Aug 4, 2009 5:42am Aug 4, 2009 5:42am
- Joined Mar 2009 | Status: FX | 3,789 Posts
Veni, Vidi, Vici (We came, we saw, we conquered)
- #154,818
- Aug 4, 2009 5:42am Aug 4, 2009 5:42am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
That happens then I can afford to have a holiday in the carribeans and visit infinity this year!
okay back to reality now
Thank You
- #154,819
- Aug 4, 2009 5:43am Aug 4, 2009 5:43am
- Joined Jun 2008 | Status: Trader | 1,739 Posts
that's what I call my list too paul, I have some 5 star scums down there too lol.
Btw, what's your take on current dollar weakness?
Have a good one bro
, I was surprised by the recent breakouts in cable and eurusud. And nor was I expecting the velocity of the equity rally.Notwithstanding the tangible improvements in the global macro-economic outlook (from better than expected corporate earnings to some promising global economic data), I think that the risk trade is looking a bit stretched on a short-term basis. However, the mood in the market does remain one of "risk-on" and further dollar weakness looks very likely whilst this theme continues.
The huge rally in commodities, and commodity linked currencies, has obviously been a factor behind the greenback's fall. However, there now needs to be a big jump in actual economic activity in this quarter to justify the prices of crude oil and copper. At current levels of activity, there remains sizeable inventories of both commodities, with particular concerns over China's large stockpiling of the latter.
Therefore, following the above logic, I think the dollar could find some support in the near-term if either risk aversion once again enters the markets or we move into a period of consolidation in risk assets before the next big move.
Alternatively, the dollar may find some support if economic data from the US keeps beating expectations, leading investors to believe the US will be first-in-first-out, thus a rise in yields at the short end of the curve would ensue, which will make the greenback less attractive as a funding currency compared to, say, the yen.
Sorry mate, I know there are lots of "if", "may", "could", "think", "feel" in there, but I don't hold a short-term fundamental view with any sort of conviction. My gut says we are headed for some consolidation in risk assets, from where we shall enter a period of "wait and see", as further economic data gives us more clues to the strength, or the lack thereof, of the recovery.
Over the mid to long-term, I see an anaemic recovery - save from a bounce in Q4 due to inventory re-stocking - as the huge overhang of private and public sector debt severely weighs on demand. Therefore, I do not believe that equity investors should be concerned about missing the train. Using a textbook macro-economic logic, the dollar does need to devalue pretty significantly over the long-term, in order to correct the huge imbalances accumulated in the global economy.
- #154,820
- Aug 4, 2009 5:48am Aug 4, 2009 5:48am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
ok guys im off to work now 
....happy trading i took a cheeky buy..again
happy trading
....happy trading i took a cheeky buy..againhappy trading
