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EURUSD

  • #140,621
  • Sep 9, 2009 5:29am Sep 9, 2009 5:29am
...saying I am out but now I am in.

How can this be possible?

Scalping it is a very technical job and people must know what they are doing.
I scalp only once per day, if you people want to win some money must do the same.
  • #140,622
  • Sep 9, 2009 5:32am Sep 9, 2009 5:32am
Quoting Atlast
Welcome back. How's life in Malta?
Life is fine, just trying to settle back into the trading life had a few month taken off as the relocation from Australia to Malta takes a little time. Otherwise all good. Thx for asking.
Trade on your own risk Plan your trade&trade your plan dont be a
  • #140,623
  • Sep 9, 2009 5:34am Sep 9, 2009 5:34am
Some interesting names being bandied about in EUR/USD

Some interesting names being bandied about in EUR/USD. China and Reserve Bank of India have been seen selling up above 1.4500, while the BIS is said to have been buying at 1.4490/00 on this latest move lower.

Back with Noyer’s earlier comments. The official said it was important for currencies to remain stable to allow the world economy to continue its recovery, saying “We will be very attentive to that.”

Now where I come from, we call that “verbal intervention.” Yes siree bob!!!

http://www.forexlive.com/49355/all/s...bout-in-eurusd


9 Sep 10:54:11 MOODY'S: Confirms Britain to retain AAA rating. This was widely expected but has managed to prop Cable somewhat

9 Sep 10:53:12 ECB: Board member Erkki Liikanen says the central bank forecast suggests the euro-region may emerge from the recession in the third quarter.

9 Sep 09:55:38 MOODY'S: Triple A countries all now have "stable outlook" for sovereign credit ratings and do not expect to see any more downgrades.

http://forexstream.dailyfx.com/


Bank of Scotland's Daily Market Strategy for those who like to read

Attached File(s)
File Type: pdf BOSMarketStrategyDaily9Sep2009.pdf   100 KB | 380 downloads



USDX 1 Hour Chart

PA hasn't even managed to pop it's head above my 34 EMA yet. Mixed signals - US futures mostly red and Gold is sliding down slowly. Now at $993.30.

Attached Image (click to enlarge)
Click to Enlarge Name: USDX-1HOUR-9SEP.PNG Size: 70 KB
Nothing worth having is easy.
  • #140,624
  • Sep 9, 2009 5:35am Sep 9, 2009 5:35am
good morning/evening

It looks like this bear flag is ending.
1h chart becoming sligthly bullish, 5 min chart building a nice up chanel.
  • #140,625
  • Sep 9, 2009 5:36am Sep 9, 2009 5:36am
I am positioned to trade the blue lines today. Intraday small TF.
Market is in whipsaw small range, so I am not surprised to take a few small losses and break evens. I will switch to longs as PA dictates.
Attached Image
  • #140,626
  • Sep 9, 2009 5:40am Sep 9, 2009 5:40am
Quoting nahman
A fellow dj and trader? Cool.

thats actually my last name
but in love with the music
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #140,627
  • Sep 9, 2009 5:40am Sep 9, 2009 5:40am
Quoting Atlast
I am positioned to trade the blue lines today. Intraday small TF.
Market is in whipsaw small range, so I am not surprised to take a few small losses and break evens. I will switch to longs as PA dictates.
..why did you put your SL earlier at 1.4511?

according your chart, you are clearly a short term Bear trader.
  • #140,628
  • Sep 9, 2009 5:44am Sep 9, 2009 5:44am
From BOS daily strategy:

"EUR/USD 1.4501 Bullish 1.4350 1.4720 1.4240 Target raised". So they entered 1.4350 which gave them a cool 150 pips, then they raised the target to 4720 for 220 more extra pips but left the SL at 4240... Geez! Who are they hiring as traders there? I can do stupid things like that too. Where can I send my CV.
  • #140,629
  • Sep 9, 2009 5:50am Sep 9, 2009 5:50am
Quoting BoredToLoose
..why did you put your SL earlier at 1.4511?

according your chart, you are clearly a short term Bear trader.
It was the 1 pip over touch of sliding parallel off upsloping pitchfork (I am looking at that also) and touch of UTL of downsloping pitchfork in the chart.
I am trading short until the hourly shows me good evidence of money buying to take it up to over 1.4550
  • #140,630
  • Sep 9, 2009 5:51am Sep 9, 2009 5:51am
i love your analysis but pls can you tell me which trading station you posted on the forum thanks.
Quoting Patience
Some interesting names being bandied about in EUR/USD

Some interesting names being bandied about in EUR/USD. China and Reserve Bank of India have been seen selling up above 1.4500, while the BIS is said to have been buying at 1.4490/00 on this latest move lower.

Back with Noyer’s earlier comments. The official said it was important for currencies to remain stable to allow the world economy to continue its recovery, saying “We will be very attentive to that.”

Now where I come from, we call that “verbal intervention.” Yes siree bob!!!...
  • #140,631
  • Sep 9, 2009 6:02am Sep 9, 2009 6:02am
Quoting ferdonfx
i love your analysis but pls can you tell me which trading station you posted on the forum thanks.
You mean my USDX chart? It's Netdania.com - it's free USDX is a little delayed though. I think there are brokers out there that have timely USDX charts but I've got something on MT4 that gives me the current value of USDX when my chart is delayed.
Nothing worth having is easy.
  • #140,632
  • Sep 9, 2009 6:03am Sep 9, 2009 6:03am
If previous posted chart (page 9354) should play out then we should see 1.4450 in 5+ hours. I'm not psychic but I want to be
  • #140,633
  • Sep 9, 2009 6:08am Sep 9, 2009 6:08am
Quoting TheFisherman
From BOS daily strategy:

"EUR/USD 1.4501 Bullish 1.4350 1.4720 1.4240 Target raised". So they entered 1.4350 which gave them a cool 150 pips, then they raised the target to 4720 for 220 more extra pips but left the SL at 4240... Geez! Who are they hiring as traders there? I can do stupid things like that too. Where can I send my CV.
If it is one trade they are risking 110 for 370 If its 2 trades then it don't make sense.
Some drink at the fountain of knowledge. Others just gargle !
  • #140,634
  • Sep 9, 2009 6:09am Sep 9, 2009 6:09am
Quoting plan-b
If it is one trade they are risking 110 for 370 If its 2 trades then it don't make sense.
Exactly. When they entered the trade they were aiming for 1.45. Then they changed their mind and changed target higher but didn't even moved SL at BE....
  • #140,635
  • Sep 9, 2009 6:18am Sep 9, 2009 6:18am
Quoting TheFisherman
Exactly. When they entered the trade they were aiming for 1.45. Then they changed their mind and changed target higher but didn't even moved SL at BE....
It's called greed. They could get the target hit though, although whenever these banks give recommendations, those are meant for public consumption. I wonder if their top customers get the same recommendations.
  • #140,636
  • Sep 9, 2009 6:20am Sep 9, 2009 6:20am
Pushing higher now Nice..
  • #140,637
  • Sep 9, 2009 6:32am Sep 9, 2009 6:32am
I am getting a short signal near important monthly + daily fibo confluence on EUR/JPY. Not confirmed yet but if it breaks down it could be good for ~1000 pips.
  • #140,638
  • Sep 9, 2009 6:38am Sep 9, 2009 6:38am
Quoting nvcK
I am getting a short signal near important monthly + daily fibo confluence on EUR/JPY. Not confirmed yet but if it breaks down it could be good for ~1000 pips.
Hi nvck! What is that level? What is the target if it does break? Around 124?
  • #140,639
  • Sep 9, 2009 6:39am Sep 9, 2009 6:39am
Quoting Patience
Some interesting names being bandied about in EUR/USD

Some interesting names being bandied about in EUR/USD. China and Reserve Bank of India have been seen selling up above 1.4500, while the BIS is said to have been buying at 1.4490/00 on this latest move lower.

Back with Noyer’s earlier comments. The official said it was important for currencies to remain stable to allow the world economy to continue its recovery, saying “We will be very attentive to that.”

Now where I come from, we call that “verbal intervention.” Yes siree bob!!!...
Just Incase you Missed it...

this guy predicted the global financial crisis news out frdiay 4th sept

U.S. Dollar Will Weaken, Currency Crash Possible, Roubini Says
By Sonia Sirletti and Jeffrey Donovan
http://www.bloomberg.com/apps/data?p...d=ix4SuWGd1BSY

Sept. 4 (Bloomberg) -- The dollar will weaken and the U.S. risks seeing a crash of the currency unless it does more to control the deficit and reduce debt, said New York University Professor Nouriel Roubini, who predicted the financial crisis.
“If markets were to believe, and I’m not saying it’s likely, that inflation is going to be the route that the U.S. is going to take to resolve this problem, then you could have a crash of the value of the dollar,” Roubini said in an interview today in Cernobbio, Italy. “The value of the dollar over time has to fall on a trade-weighted basis, but not necessarily relative to euro and yen.”
Roubini said he didn’t see a risk of a dollar crash in the “‘short term.” The value of the U.S. currency relative to currencies such as the yen or the euro “cannot change too much compared to current levels because if the dollar were to weaken a lot and the euro strengthen a lot, that’s going to warp any chance for the European economy to recover, same argument as to the yen,” he said.
“Most of the adjustment of the dollar in the future has to occur relative to China, relative to emerging Asia and relative to some of the other commodity exporters in the world, whether these are advanced economies or emerging markets,” he said.
Foreign creditors need assurances that the U.S. will address its deficit, Roubini said.
“Unless in the medium term these issues of fiscal sustainability are addressed, and unless we mop up that excess liquidity from the financial system, eventually the financial markets and the foreign creditors of the United States might get more concerned about the sustainability of the U.S. fiscal deficit and about the U.S. being tempted to use the inflation tax as a way of resolving its private and public debt problems,” he said.



  • #140,640
  • Sep 9, 2009 6:40am Sep 9, 2009 6:40am
Quoting nvcK
I am getting a short signal near important monthly + daily fibo confluence on EUR/JPY. Not confirmed yet but if it breaks down it could be good for ~1000 pips.

sure it will.....why not 5000 pips??????


mm
He who hesitates is hesitant....which always leads to bad entries.
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