Hopefully US unemployment claims are also bad and could trigger a correction in Dow...
Dow needs to go DowN.
- #3,323
- Sep 10, 2009 1:45am Sep 10, 2009 1:45am
- Joined Oct 2006 | Status: Trader | 7,219 Posts
look at the massive volume of dollar index ,wow !
http://img37.imagefra.me/img/img37/2...9m_f99c0cd.png
US dollar index posts record volume on Tuesday
47,400 contracts traded on the ICE futures exchange yesterday in the dollar index. Average daily volume in the contract is 6,700.
Capitulation or are the doctors and dentists getting short the greenback?
http://www.forexlive.com/49482/all/u...ume-on-tuesday
Maybe it's something I should start looking at
I know some traders on FF swear by the volume stuff but you know how it is, time is limited, and I just try to make the best of the resources I have/know until I quit my job and can give the market my full attention. Still so much to learn after so many years ....
Nothing worth having is easy.
- #3,325
- Sep 10, 2009 2:04am Sep 10, 2009 2:04am
- Joined Oct 2006 | Status: Trader | 7,219 Posts
Nothing worth having is easy.
- #3,329
- Sep 10, 2009 2:29am Sep 10, 2009 2:29am
- Joined Oct 2006 | Status: Trader | 7,219 Posts
I hope today is the start of downward trend before a free-fall on Friday.
Thanks for your advise. really appreciate your help.
Cheers
Market may want to see healthy demand at this before dropping - who knows? Demand so far this week has been good.Treasury Auction Schedule for the Week of 9/7/2009
Thursday September 10, 2009
- 29-year 11 month bond (912810QC5): $12 billion (reopening. Orignial offer August 2009, 4.500%)
(link is in the heading)
And while I am at it, Bank of Scotland's Daily Market Strategy has just come into my email inbox, so I've attached it.
.
Nothing worth having is easy.
- #3,333
- Sep 10, 2009 4:28am Sep 10, 2009 4:28am
lets hope this thing breaks .8560 psychological level. if it does, a free fall to .8520 before NY is definitely on cards.
Dow is due for 10% correction.
a lot of ppl here on this forum are short and I hope lady luck shines on all of us tonight.
God Bless America (US$)
a good jump on the USD/CAD beside the fall of the AUD/USD from the 8565 level ,, i always say that trading this 2 curriencies side to side by each other is very successfull trade cause 90% of the times they move in opposite dirrection ,,,
there was a pattern on the aud and the usd/cad ,, one broke higher with 30 pips gain and one broke lower
- #3,339
- Sep 10, 2009 5:49am Sep 10, 2009 5:49am
EurUsd and AudUsd are also quite similiar...already have a short on both and well into the money
cause when the aud goes down u make money from the up in cad and when the usd/cad goes down u make money from the aud going up
so u make money wether the euro or aud going up or down
but when u trade the auro on side with aud ,, u gain money only when they r going up and u wait them to settle when they go down
i feel that the aud will find some retracement on the 8450 ,, not before that which is the fib 50% ,, maybe it bounce on the 85 but i feel it will find its full support on 8450
ur right , but when u trade 2 curriences in different directions better than 2 curriencies in one direction
cause when the aud goes down u make money from the up in cad and when the usd/cad goes down u make money from the aud going up
so u make money wether the euro or aud going up or down
but when u trade the auro on side with aud ,, u gain money only when they r going up and u wait them to settle when they go down
i feel that the aud will find some retracement on the 8450 ,, not before that which is the fib 50% ,, maybe it bounce on the...
Snatched 55 pips from my Euro short so god enough for me there
