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EURUSD

  • #155,021
  • Edited 7:03am Oct 22, 2009 7:01am | Edited 7:03am
Quoting Jm4x
Short at 5008 ... I think bulls are going crazy ...

It's just me and you left buddy. WooHoo it's 3 of us now!
  • #155,022
  • Oct 22, 2009 7:04am Oct 22, 2009 7:04am
Quoting sophiaphia
On track...!...for a killer bottom on the US markets Short and then looking for long entry into fFriday. Eurusd to way below 4950, sorry my charts are busy but there is a nice support way below.

all right - iŽll be with you - close my shorts about 60
  • #155,023
  • Oct 22, 2009 7:04am Oct 22, 2009 7:04am
Quoting fontu
Nice chart & it should show the bull about to start ( from 1.4967 )& CzechTrade's 5070 be min.
Not traded yet though today . will see for some time.
Thanks ,
fontu
did you enter? i was about to but then i chekded dow and sp so i didnt
Pation is the Holy Grail
  • #155,024
  • Oct 22, 2009 7:04am Oct 22, 2009 7:04am
Yes, we scaled Mt. 1.50, so all the no-touch options lost out. However, there are still a lot of month end options that are yet to expire... and they are being defended. Also, how long can Asia and Eurozone stand this weak dollar? Major Euro manufactures are being spanked, and spanked hard. How long will they continue in pain? No one knows, but it is hard to believe that the suffering will continue without the Euro at least trying to fight back. I am no Obama fan, but you have to admit that on a short term basis this is working out pretty good. Weak dollar is boosting demand for US based companies and making Euro and Asia less competative. Man, to have been a fly on the wall at the last G7 meeting. I wonder what could have been discussed to allow the dollar to free fall, seemingly with the consent of the world leaders?
  • #155,025
  • Oct 22, 2009 7:09am Oct 22, 2009 7:09am
just get out of my short at 4968 ...
maybe it's enough for the day ... I hate playing with the devil ... but I love it too
"I will walk before they make me run" K.Richards
  • #155,026
  • Oct 22, 2009 7:13am Oct 22, 2009 7:13am
man its a little bit choppy today at least I got my default points on the DAX short 5732-5727, which was according to my trading plan.
For now I can'T get any signals according to my trading plan on the EUR which is very frustrating, but thats why I trade ERU&DAX.
So I continue to wait for EUR trade.....

The call of shorting below 75 would have worked but not according to my plan so ..... you know the story.

Till later,
The Cat
Trade on your own risk Plan your trade&trade your plan dont be a
  • #155,027
  • Oct 22, 2009 7:14am Oct 22, 2009 7:14am
Quoting Jm4x
just get out of my short at 4968 ...
maybe it's enough for the day ... I hate playing with the devil ... but I love it too
1 down 2 to go. Team Short applauds the effort.
  • #155,028
  • Oct 22, 2009 7:18am Oct 22, 2009 7:18am
Quoting FX-Petra
Yes, we scaled Mt. 1.50, so all the no-touch options lost out. However, there are still a lot of month end options that are yet to expire... and they are being defended. Also, how long can Asia and Eurozone stand this weak dollar? Major Euro manufactures are being spanked, and spanked hard. How long will they continue in pain? No one knows, but it is hard to believe that the suffering will continue without the Euro at least trying to fight back. I am no Obama fan, but you have to admit that on a short term basis this is working out pretty good....
Dollar weakness is very worrying in longer term. G20 members agreed not to depreciate their currenies. Yet now the facto this is happening (firstly CHF , then GBP and USD ). I don't think China will allow such US policy much longer. If they stop buying US bonds world economy could be in a lot of trouble.
  • #155,029
  • Oct 22, 2009 7:22am Oct 22, 2009 7:22am
Quoting FX-Petra
Yes, we scaled Mt. 1.50, so all the no-touch options lost out. However, there are still a lot of month end options that are yet to expire... and they are being defended. Also, how long can Asia and Eurozone stand this weak dollar? Major Euro manufactures are being spanked, and spanked hard. How long will they continue in pain? No one knows, but it is hard to believe that the suffering will continue without the Euro at least trying to fight back. I am no Obama fan, but you have to admit that on a short term basis this is working out pretty good....
The problem is not between the EU and the US for the EUR/USD. The huge problem for the US is the big deficit with China. So the US policy of weaken the USD backfires with the rest of the world which have free floating currences and will ideed be a problem for the global economiy.
  • #155,030
  • Oct 22, 2009 7:23am Oct 22, 2009 7:23am
I don't want to be guilty of wishful thinking, since it never makes any pips,
however it's always good to consider the alternatives, if any.

A grinding push up to and over 150 and now what? Was that it ?
The options barriers were busted. That was one thing.
Those who said it wouldn't breach 150 were proven wrong and
those who said it would were proven right. There's another. But what else ?

Here's a senario whereby the mkt went right where it had to go to do what it had to do
and then maybe just heads back the other way, if only far enough to shake the program traders out.

Could be a new (down) channel forming even now as we watch.
Will watch for contract volume to confirm.

Just one possibility.......
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  • #155,031
  • Oct 22, 2009 7:25am Oct 22, 2009 7:25am
Quoting SerpentDove
1 down 2 to go. Team Short applauds the effort.
I'll be back soon ...
"I will walk before they make me run" K.Richards
  • #155,032
  • Oct 22, 2009 7:27am Oct 22, 2009 7:27am
Quoting CzechTrade
did you enter? i was about to but then i chekded dow and sp so i didnt
Yes entered 1.4965 but connection lost & delayed reply,
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #155,033
  • Oct 22, 2009 7:31am Oct 22, 2009 7:31am
long 1.4961 hope for up
target 1.5040
  • #155,034
  • Oct 22, 2009 7:46am Oct 22, 2009 7:46am
i dont like that The calm before the storm
  • #155,035
  • Oct 22, 2009 7:49am Oct 22, 2009 7:49am
This is it for me I had enough.
No traes for me EUR today but at least DAX.
Good luck everyone I am off to the pub.
Over and out,
The CAT
Trade on your own risk Plan your trade&trade your plan dont be a
  • #155,036
  • Oct 22, 2009 8:00am Oct 22, 2009 8:00am
nice move...again
  • #155,037
  • Oct 22, 2009 8:01am Oct 22, 2009 8:01am
Just shorted at 5008 again ...
"I will walk before they make me run" K.Richards
  • #155,038
  • Oct 22, 2009 8:01am Oct 22, 2009 8:01am
Watch out the Gold went from 1052 - 1060 in just mins.
  • #155,039
  • Oct 22, 2009 8:06am Oct 22, 2009 8:06am
Quoting Forex4pty
Watch out the Gold went from 1052 - 1060 in just mins.
woww GOLD is like a rocket i will go short at 1064 or 1067.xx yesterday i went short from 1064.40 and closed it at 1052.10

Ub
  • #155,040
  • Oct 22, 2009 8:07am Oct 22, 2009 8:07am
All I have to do to start making money again is find a metatrader version that only includes the buy button.....
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