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  • #148,761
  • Oct 2, 2009 8:00am Oct 2, 2009 8:00am
Ok, I've just sold euro @ 4516. What're your positions?
  • #148,762
  • Oct 2, 2009 8:03am Oct 2, 2009 8:03am
#147099
  • #148,763
  • Oct 2, 2009 8:04am Oct 2, 2009 8:04am
Got lucky, took a small profit with protected SL on long then bought again at S1, now out of trade at 1.4539.

Notice, Huge Pin bar in hourly. Ouch for some.
  • #148,764
  • Oct 2, 2009 8:05am Oct 2, 2009 8:05am
i thought if us economy not looking good, then EUR/USD will go up?

am i wrong?
  • #148,765
  • Oct 2, 2009 8:05am Oct 2, 2009 8:05am
Quoting T.E.Lawrence
Ok, I've just sold euro @ 4516. What're your positions?
Long from 1.4525 and 1.4494 for a swing trade, time frame 2-10 days, first target 1.4792.
Stop below 1.4412.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD MP 10-2-2009 9-42-29 AM.jpg Size: 156 KB
Click to Enlarge Name: EURUSD MP Monthly 10-2-2009 1-44-44 PM.jpg Size: 200 KB
Getting it right is NOT as important as not getting it wrong.
  • #148,766
  • Oct 2, 2009 8:07am Oct 2, 2009 8:07am
Quoting IllegalOps
i thought if us economy not looking good, then EUR/USD will go up?

am i wrong?

recent historical correlations would suggest you are wrong.
Redefining Reality
  • #148,767
  • Oct 2, 2009 8:08am Oct 2, 2009 8:08am
Quoting Byrd
Why would it rally? USD is a safe haven.
Man, that was a good one.
  • #148,768
  • Oct 2, 2009 8:09am Oct 2, 2009 8:09am
dow gunning for 2 percent negative...
  • #148,769
  • Oct 2, 2009 8:10am Oct 2, 2009 8:10am
Quoting RussoS
Hy!

I begin to open long positions from 1.4500 and have some orders between 1.447-1.450.

I think we will go up 100-150 or 200 PIPs soon to 1.470...
How's that thinking going for you?
  • #148,770
  • Oct 2, 2009 8:12am Oct 2, 2009 8:12am
Quoting IllegalOps
i thought if us economy not looking good, then EUR/USD will go up?

am i wrong?
Increased unemployment means recovery remains elusive leading to commodities and stocks selling off

Risk aversion=dollar strength
Some drink at the fountain of knowledge. Others just gargle !
  • #148,771
  • Oct 2, 2009 8:13am Oct 2, 2009 8:13am
Quoting Xaron
Man, that was a good one.
If you're being sarcastic, I'd suggest you listen to the news and what the fed and many central banks have said about the dollar. This isn't a V-shaped recovery and these numbers confirm that. The $ is staying as the reserve currency for times to come ---- There is no reason why it should devalue when more jobs have been lost.
  • #148,772
  • Oct 2, 2009 8:13am Oct 2, 2009 8:13am
Quoting IllegalOps
i thought if us economy not looking good, then EUR/USD will go up?

am i wrong?
No you are not wrong.

But what very often happens is that big dogs use news times to make trades that they absolutely have to do.

So if some national bank needs to go short at a very high lot amount, then it does it near the news that they kinda know will cause the pair to go up to avoid affecting the market too much.
  • #148,773
  • Oct 2, 2009 8:14am Oct 2, 2009 8:14am
Quoting Pipster888
dow gunning for 2 percent negative...
the number today is a good catalyst for a crash.

however... keep in mind there is a shit ton of cash on the sidelines and the big dudes could use any correction to buy.

m
  • #148,774
  • Edited 8:18am Oct 2, 2009 8:15am | Edited 8:18am
Quoting IllegalOps
i thought if us economy not looking good, then EUR/USD will go up?

am i wrong?
Do yourself a favor people.

More sellers than buyers - it's going down
More buyers than sellers - it's going up

It's really as simple as that. Don't search smart reasons to explain moves.
Supply and demand move the markets, not the logic !
Getting it right is NOT as important as not getting it wrong.
  • #148,775
  • Oct 2, 2009 8:15am Oct 2, 2009 8:15am
Quoting Aandar
No you are not wrong.

But what very often happens is that big dogs use news times to make trades that they absolutely have to do.

So if some national bank needs to go short at a very high lot amount, then it does it near the news that they kinda know will cause the pair to go up to avoid affecting the market too much.
  • #148,776
  • Oct 2, 2009 8:17am Oct 2, 2009 8:17am
Quoting Byrd
If you're being sarcastic, I'd suggest you listen to the news and what the fed and many central banks have said about the dollar. This isn't a V-shaped recovery and these numbers confirm that. The $ is staying as the reserve currency for times to come ---- There is no reason why it should devalue when more jobs have been lost.
There is no reason? Wow... If money printing and huge debts are not a reason then I don't know. Even the US want a weak Dollar but they obviously don't want it to drop like a stone.

And what the FED says about the Dollar. Well, oh well... Has there been anything correct what those guys said during the last decades?
  • #148,777
  • Oct 2, 2009 8:18am Oct 2, 2009 8:18am
Quoting acumen
the number today is a good catalyst for a crash.

however... keep in mind there is a shit ton of cash on the sidelines and the big dudes could use any correction to buy.

m
#3112367

Amen. I think this rocket is going north, perhaps USD strength in the longer long term.
  • #148,778
  • Oct 2, 2009 8:21am Oct 2, 2009 8:21am
Quoting Xaron
There is no reason? Wow... If money printing and huge debts are not a reason then I don't know. Even the US want a weak Dollar but they obviously don't want it to drop like a stone.

And what the FED says about the Dollar. Well, oh well... Has there been anything correct what those guys said during the last decades?
Have we printed recently? That's already priced in. ECB, SNB, China, and the US don't want a weak dollar. That's been made known publicly with obvious interventions.

The US doesn't mind a weak dollar in good economic times, same with euro. Those times we are not in. Go long
  • #148,779
  • Oct 2, 2009 8:23am Oct 2, 2009 8:23am
Xaron, I take it you got in on S1 or near for easy setup.
Made my day so far, still looking for more, was expecting major reversal yestedy, but ignored the NFP today, so was positioning a little early though worked out.
  • #148,780
  • Oct 2, 2009 8:25am Oct 2, 2009 8:25am
hmmm should I throw a short
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