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  • #151,121
  • Oct 10, 2009 10:59pm Oct 10, 2009 10:59pm
Well folks....I hate to tell you this, but all you bulls, you may want to strongly consider closing your positions....

The USD rally is official....and will continue to get stronger starting this week foward.....
In Charts We Trust!
  • #151,122
  • Oct 10, 2009 11:03pm Oct 10, 2009 11:03pm
Quoting X.Oden
Well folks....I hate to tell you this, but all you bulls, you may want to strongly consider closing your positions....

The USD rally is official....and will continue to get stronger starting this week foward.....
You must be kidding and gone crazy. Give me more assurance.
The Thief of Wall Street
  • #151,123
  • Oct 10, 2009 11:07pm Oct 10, 2009 11:07pm
I'm not kidding and my word is my assurance..hold your longs at your own risk.....this market is tanking....

Quoting Chicky
You must be kidding and gone crazy. Give me more assurance.
In Charts We Trust!
  • #151,124
  • Oct 10, 2009 11:10pm Oct 10, 2009 11:10pm
Quoting X.Oden
I'm not kidding and my word is my assurance..hold your longs at your own risk.....this market is tanking....
This is what I wanted to hear back from you.

Just one more thing, is it possible for it to go upt to 1.4785 to start the down move?. Read my my first of the three posts of today on this page. Will appreciate what you think about it.

ps. this one

http://www.forexfactory.com/showpost...stcount=151126
The Thief of Wall Street
  • #151,125
  • Oct 10, 2009 11:11pm Oct 10, 2009 11:11pm
I see the market tanking all the way to 1.4447, if not twice that....around 1.4'ish....it will take a month or so, but this thing is not going up like what everyone's hoping for....

Quoting Chicky
You must be kidding and gone crazy. Give me more assurance.
In Charts We Trust!
  • #151,126
  • Oct 10, 2009 11:17pm Oct 10, 2009 11:17pm
I'll say this....if price breaks below 1.4670, you can forget it going back to 1.4800 anytime soon..and right now, it honestly doesn't look good for bulls....I have some longs at the last high myself.....I was trying to be smart and play some trend lines, but I may just eat those trades or hedge it, either way.....I'm not too worried about it because I have accumulated a shitload of SWISS longs at the bottom most positions anticipating this rally....but I guess get ready your stops.....

Quoting Chicky
This is what I wanted to hear back from you.

Just one more thing, is it possible for it to go upt to 1.4785 to start the down move?. Read my my first of the three posts of today on this page. Will appreciate what you think about it.

ps. this one

http://www.forexfactory.com/showpost...stcount=151126
In Charts We Trust!
  • #151,127
  • Oct 10, 2009 11:29pm Oct 10, 2009 11:29pm
Quoting X.Oden
I'll say this....if price breaks below 1.4670, you can forget it going back to 1.4800 anytime soon..and right now, it honestly doesn't look good for bulls....I have some longs at the last high myself.....I was trying to be smart and play some trend lines, but I may just eat those trades or hedge it, either way.....I'm not too worried about it because I have accumulated a shitload of SWISS longs at the bottom most positions anticipating this rally....but I guess get ready your stops.....
Thanks X.oden,

I agree with you but reluctant in changing my sentiments below (expire in Dec) until see what it does around 1.4500/1.4444 level.
The Thief of Wall Street
  • #151,128
  • Oct 10, 2009 11:42pm Oct 10, 2009 11:42pm
The main thing to keep in mind is this:

we're gonna make a shit ton of money this coming week. Low risk and super high reward. I freakin refuse to lose.

Have a restful weekend everybody.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #151,129
  • Oct 10, 2009 11:51pm Oct 10, 2009 11:51pm
Quoting X.Oden
I'll say this....if price breaks below 1.4670, you can forget it going back to 1.4800 anytime soon..and right now, it honestly doesn't look good for bulls....I have some longs at the last high myself.....I was trying to be smart and play some trend lines, but I may just eat those trades or hedge it, either way.....I'm not too worried about it because I have accumulated a shitload of SWISS longs at the bottom most positions anticipating this rally....but I guess get ready your stops.....
i got 4666... but would rather 4585/86 ish... are we reading the same rythym..
those who can, do. those who cant, talk about those who can
  • #151,130
  • Oct 11, 2009 12:01am Oct 11, 2009 12:01am
Quoting TIckerShuffl
1.4850 is huge...we need to stay below there.
yes it is..ill have to extend old march chart again.. if it breaks it
those who can, do. those who cant, talk about those who can
  • #151,131
  • Oct 11, 2009 12:14am Oct 11, 2009 12:14am
Quoting X.Oden
I'll say this....if price breaks below 1.4670, you can forget it going back to 1.4800 anytime soon..and right now, it honestly doesn't look good for bulls....I have some longs at the last high myself.....I was trying to be smart and play some trend lines, but I may just eat those trades or hedge it, either way.....I'm not too worried about it because I have accumulated a shitload of SWISS longs at the bottom most positions anticipating this rally....but I guess get ready your stops.....
It all depends on earnings over the next two weeks. Especially out of the financials sector and in particular Goldman Sachs and also the Tech sector.
  • #151,132
  • Oct 11, 2009 1:37am Oct 11, 2009 1:37am
Quoting Chicky
Golden,

I am with you on this. There seemed a lot of activity at 1.4715/25 level during London session - selling pressure. But in my humble opinion some interests tried to protect 1.4700 from breaking during London session. It broke this level for a shortwhile only after London close (i.e. during friday low activity) for a squeeze. The pin bar representing this friday low activity session is dangerous. If some interests protect a level, it costs and protecting such important levels cost a lot.

If it was to come down, what prevented it coming...
dear chicky,

I have no idea how good trader you have been in last 8 years but i must appreciate you are a good blogger and a great orator any plans to start your own FX training institute or some website?

if again u blow up your account for any reason (god forbid) ill suggest start teaching people how to trade FX instead of trading your personal account.

thats what most FX guru does...lolllllllllllllllll
  • #151,133
  • Edited 1:34pm Oct 11, 2009 3:02am | Edited 1:34pm
Bull or bear ,bear or bull the debate should continue in every min,hr,day ,week or year .
Alaways both should correct as both will happen in time in cycle .

I see possible H&S in 4Hr tf , if so then down to 1.4648>1.4757>1.4648 again to break to validate the pattern if successfull then probable 109 pips below 1.4648.

Again hammer in daily tf is already formed just need next contnuation candle down this monday for a great bear to start from tuesday??
anything can happen .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #151,134
  • Oct 11, 2009 5:14am Oct 11, 2009 5:14am
Whodunit? Sneak attack on U.S. dollar


http://www.politico.com/news/stories...091_Page2.html
  • #151,135
  • Oct 11, 2009 6:19am Oct 11, 2009 6:19am
Quoting Pipster888
Whodunit? Sneak attack on U.S. dollar


http://www.politico.com/news/stories...091_Page2.html
Nice reading indeed

Thanks,
Viljam
  • #151,136
  • Oct 11, 2009 7:30am Oct 11, 2009 7:30am
Quoting Pipster888
Whodunit? Sneak attack on U.S. dollar


http://www.politico.com/news/stories...091_Page2.html

I would think it's more likely they met to figure out how to profit from a rebound in the dollar. Also they had to decide how to short the US stock market to case maximum pain to Goldman Sachs and JP Morgan who are co-handedly propping this bogus equity market up.

That's my opinion, at least
  • #151,137
  • Oct 11, 2009 7:32am Oct 11, 2009 7:32am
Quoting Maxsmart
It all depends on earnings over the next two weeks. Especially out of the financials sector and in particular Goldman Sachs and also the Tech sector.
Starting to see a breakdown in the equity / FX correlation. I think FX could go down (strong dollar) with or without the US equity market.
  • #151,138
  • Oct 11, 2009 11:53am Oct 11, 2009 11:53am
My expectation for this week. Charts are here

 

  1. We did not see a big push down to the 1.44+ area as the market moved without a clear direction.
  2. It hunted the 1.48+ area but did not manage to break above 1.4822.
  3. We expect another bearish attempt this week with a possibility of a high at 1.4770 if 1.4720 is not taken out.
  4. 1.4629 have to be broken convincingly for a stronger downtrend.
  5. Try to stay out of the market on Monday as Japan and the US are closed for the holidays.


Resistance: 1.4877, 1.4844, 1.4822, 1.4807, 1.4770, 1.4720
Support: 1.4694, 1.4651, 1.4629, 1.4602, 1.4479, 1.4444, 1.4367

Fundamentals:
Mon – Japan/NY closed Tue – Euro session Wed – NY session
Thu - NY Session Fri – NY Session

  • #151,139
  • Oct 11, 2009 1:01pm Oct 11, 2009 1:01pm
Quoting X.Oden
Well folks....I hate to tell you this, but all you bulls, you may want to strongly consider closing your positions....

The USD rally is official....and will continue to get stronger starting this week foward.....
63% Open positions currently are short, which is substantial, thats 27% more than last week, could this be further evidence that the Pairs about to tank considerably?
  • #151,140
  • Oct 11, 2009 1:05pm Oct 11, 2009 1:05pm
Quoting TIckerShuffl
Starting to see a breakdown in the equity / FX correlation. I think FX could go down (strong dollar) with or without the US equity market.
i did pay not attention friday but in the middle of the week goldmen slipped some. Also we had some low volume.. so all we saw later in the week may be bs..
those who can, do. those who cant, talk about those who can
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