EURUSD

so it is YOU who stole my gandja !

It's like going to a dentist and saying, "..Look, doc I don't want you to do anything to my teeth.
I just want you to look at them. Tell me how they look. Are they straight ?
Do they look nice and white ? "

And he'll tell you to talk to the girls up front and make an appointment
and give them your insurance information (so he can make some money.)

Seriously, what it's really like is taking out an overnite loan. Even though no $$ won or lost,
assuming it's a leveraged position, let's say 100K, your long 100k of something
and short 100K of the same thing so it's really like borrowing 200K, and that's not free.
That's how they (Market makers) look at it and charge you accordingly,
just like the dentist, the mechanic, the two-bit hooker, and the neighborhood bank when you borrow money.

Honestly, how could you expect them to not try to pick and dig into your pocket,
given even half a chance, you have money and they want some of it.
Correction: they really want all of it, but they have to keep up appearances, don't they ?

[quote=toshi;2944854]
SO, I'll leave that one with you, FOOL. If you'd like, keep an eye on the spread of the 2.
Make a funny noise when they reach 3200. Ring a bell or give me some kind of warning though,
because smoking this shit makes me paranoid and I don't want anybody to harsh my mellow.

[quote]

Got it, I just eat 3200 Twix bars and then everything will come into focus.

Man, talk about munchies..... Just remember there are 2 bars in each package.


I don't steal......I borrow things and in this way I experience all that nature and the universe offers......

You got any more ?

depends on the swap if you take positions on this kind of pair you borrow from a big rate and keep the money under a small rate overnight; most profitable swaps you do with yen , ned , aud currency, they have big rates.

http://www.fxsolutions.com/learning-...?file=20090810

Joe Trevisani looks like Vladimir Putin. Good article, though. I understand but I still don't know wtf to do.

morning allllll

Joe T is a smart cookie. He don't always hit it spot on (nobody does),
but he knows what he's taking about.

He's saying don't wait around for Euro 150. Big picture stuff.
If long from the 130's or lower, start to gather up your things.

145......140..... no big difference in this regard.
(It makes a difference to guys like us, though)

He's also saying from what I read, in my opinion, the point of balance for the Dollar,
all fundamentals of the strongly challenged US economy set aside, may reside
somewhat higher in the near future, probably a few months down the road.
The Stability Dollar and the Repatriation Dollar....interesting stuff...

He was rather cryptic and didn't come right out and say SELL THE EURO,
but I think he was whispering "...lock profits in on existing longs..."
and, "...don't chase the market higher from existing levels...."

I could be wrong, but I don't think I am, else I wouldn't say like this.

Morning, Trading801.

Morning?

An expected bounce off the pivot, coming in right around Friday's reaction lows....
There is (was) maybe 10 good pips of play in here, flows are still light in Asia.

Okay Fool,

Are you watching the twix ?

We're at 3300 right now (14145 and 10845). I'm looking for 3200.

I'm still baked..... Keep watching for me......

Also, if you have a data feed for it, look at scandanavian currencies vs. USD
They replicate the Dollar Index better than the Swiss Franc, cause they're thin mkts.
DKK and NOK spreads are wide at times but move fast and trend like soldiers on mission.

Dood, I ate like 15 twix and then I threw up and now I think I'm Don Cornelius.

Is you on the Soul Train, ma brutha ?

I hear the drums of Africa, beating in my head.......

I'm halucinating...... I'm having a vision....I gotta huge.....oh well, forget it.

yeah its morning for me ....

.

Could be do or die time at the Pivot.

Volumes at the 4170/80 level show it's still an imprtant area.
Nearby futures says the same thing.

Date: 2009/08/10Time: 22:46 (GMT +2)Ticker: EURLast: 1.4172Pivot: 1.4181st sup.1.40852nd sup.1.40653rd sup.1.41st res.1.4182nd res.1.4223rd res.1.4255Title: EUR/USD intraday: caution.Summary: Update on supports and resistances.Story: Pivot: 1.418

Our preference: Short positions below 1.418 with targets @ 1.4085 & 1.4065 in extension.

Alternative scenario: Above 1.418 look for further upside with 1.422 & 1.4255 as targets.

Comments: the RSI is posting a bullish divergence (not confirmed yet).
http://www.tradingcentral.com/chart/...0810224543.GIF

http://quotes.ino.com/chart/?s=NYBOT_DX&v=s&w=5&t=l&a=2

Tonight's summary from WWW.FINANCIALSENSE.COM really deserves to be read and understood. Even if you consider yourself only a technical trader you can only gain in knowledge by reading this great wrap up with facts, graphs and pure common sense.

http://www.financialsense.com/Market/wrapup.htm

Snippet:

Good grief! Just last week, when the auction results were announced it was trumpeted to great fanfare that there was "more than sufficient" bid-to-cover, "strong demand" and all the rest.
And now it turns out that 47% (!) of the bonds that were taken by the primary dealers in that auction have been quietly bought by the Fed and permanently secreted to its balance sheet.
A Shell Game Indeed
The upshot of the high-stakes shell game the U.S. Federal Reserve is playing has UNDERMINED foreign confidence in the U.S. Dollar. This is why, despite false claims to the contrary, foreigners are becoming unwilling participants at U.S. government bond auctions.
Remember folks, at least 70 percent of all U.S. currency is held outside the country. If [or when, perhaps?] foreigners decide to “throw in the towel,” these dollars will all come home to a hyper-inflationary homecoming.

THIS IS VERY IMPORTANT INFORMATION

Snippet:

And here’s what this really means,
“It means the revered professor Bernanke figured out a way to circumvent Congress and dump more than a trillion dollars into the stock market by laundering the money through the big banks and other failing financial institutions. As Kessler suggests, Bernanke knew the liquidity would pop up in the equities market, thus, building the equity position of the banks so they wouldn't have to grovel to Congress for another TARP-like bailout. Bernanke's actions demonstrate his contempt for the democratic process. The Fed sees itself as a government-unto-itself.
Over at Zero Hedge, Tyler Durden did the math and figured that the recent 45 per cent surge in the S&P 500 had nothing to do with the fictional economic "recovery", but was just more of the Fed's hanky panky. Durden noticed that the money that's been sluicing into stocks hasn't (correspondingly) depleted the money markets. That's the clue that led him to the truth about Bernanke's 6 month stock rally.
Zero Hedge: "Most interesting is the correlation between Money Market totals and the listed stock value since the March lows: a $2.7 trillion move in equities was accompanied by a less than $400 billion reduction in Money Market accounts!”
Where, may we ask, did the balance of $2.3 trillion in purchasing power come from? Why the Federal Reserve of course, which directly and indirectly subsidized U.S. banks (and foreign ones through liquidity swaps) for roughly that amount. Apparently these banks promptly went on a buying spree to raise the all important equity market, so that the U.S. consumer whose net equity was almost negative on March 31, could regain some semblance of confidence and would go ahead and max out his credit card. Alas, as one can see in the money multiplier and velocity of money metrics, U.S. consumers couldn't care less about leveraging themselves any more."
So, you see folks, all the talk we’ve heard of “green-shoots” and “recovery” are little more than high-stakes sleight of hand on the part of Mr. Bernanke’s Federal Reserve and his captive, agent-banks.

*L* toshi #129836