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  • #155,361
  • Oct 23, 2009 8:51am Oct 23, 2009 8:51am
Let's see.
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  • #155,362
  • Oct 23, 2009 8:52am Oct 23, 2009 8:52am
Quoting acumen
the pound just fell off my charts.

guess who's next.

I think it's Howdy Doodie time !

Can't see reason why the Euro currency should not test sub-150 some more .

It's just another number now, with option barriers broken.
Ought to trade both side of figure as real money actually changes hands..
  • #155,363
  • Oct 23, 2009 8:56am Oct 23, 2009 8:56am
Looking at the month as a whole, the hourly trendline does look a bit steep,
atleast for a pair a liquid as EURO fx. OZ and KIWI are starting to look tired too.
Somebody's liable to blink.

Those who've been long all this time, lord bless you all, but this inching up, inching up business
is good reason for inching up protective stops as well, so as not to give it all back.
Will not think twice about selling into this monster when and as it breaks lower.

I like to see gravity do it's natural thing.
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  • #155,364
  • Oct 23, 2009 8:57am Oct 23, 2009 8:57am
Quoting toshi
I think it's Howdy Doodie time !

Can't see reason why the Euro currency should not test sub-150 some more .

It's just another number now, with option barriers broken.
Ought to trade both side of figure as real money actually changes hands..
3 minutes.
  • #155,365
  • Oct 23, 2009 9:03am Oct 23, 2009 9:03am
US existing homes sales POSITIVE 5.57M

Looking M5 chart for fast action if possible though risky.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #155,366
  • Oct 23, 2009 9:18am Oct 23, 2009 9:18am
For the Dollar Swiss, it's the same thing.

Just shy of a 1618 extension nearby 10018~10020 or somewhere in there.

Something the markets & the technical traders could easily take care of Sunday nite, if it/they wanted to.

I think the move has pretty much run it's course.

We're closer to the finish than the start.
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  • #155,367
  • Oct 23, 2009 9:21am Oct 23, 2009 9:21am
I dunno if there's anybody left for today to play the game.

Market acts like it wants to curl up and go to sleep. Like it's just had enough poking for one week.

Ever feel that way ? Too much poking ? Let's hope not....
  • #155,368
  • Oct 23, 2009 9:30am Oct 23, 2009 9:30am
It can't go down then go up & down next . chance that it is breaking up.Long taken.false signal & continue bear again but keeping this long .

fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #155,369
  • Oct 23, 2009 9:43am Oct 23, 2009 9:43am
I'm gonna chalk this up to being a Friday and consider that if Euro
closes right around 150 level for the weekend, the policy makers will
have at least 48 hours to get on the wires and in the weekend press
and have a chance to say something in some Saturday interview or
in the Sunday London Times that will give the next 200 pips either way.

If they can pester Trichet or Junker or Weber for a sound bite this weekend
and it gets coverge, maybe that could give us 148.

The 152 option vols are quite active as well. Since most options expire worthless,
that would point to limited upside potential. It's 150 now, but it can't stay here.

M&A deals that went sour at 125 could be back on at 150.
Loans made at 150 can now be repaid at 150. Banks like that.
Too much real money changing hands. Took the whole year to get back here.
The banks will do something with it at this level. Lots of paper to settle up on.
  • #155,370
  • Oct 23, 2009 9:51am Oct 23, 2009 9:51am
Just remember this image !!!!!!!!!!!!!!!!!!!!

biggest bull trap developing
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  • #155,371
  • Oct 23, 2009 9:55am Oct 23, 2009 9:55am
Quoting GastonCorzo
Just remember this image !!!!!!!!!!!!!!!!!!!!

biggest bull trap developing
I used this mini downtrends to open my longs again but is Friday, anything can happen.
  • #155,372
  • Oct 23, 2009 9:58am Oct 23, 2009 9:58am
Quoting Forex4pty
I used this mini downtrends to open my longs again but is Friday, anything can happen.

o no thats ok do not missunderstand me im not saying is gonna fall today but im hopping for a 1.5147-5181 to be the top of the year if in fact it gets there but i will definetly not buy more euros just sell in rallyes and the amount of long are going to be huge ill be sorrie for eur bulls
  • #155,373
  • Oct 23, 2009 10:04am Oct 23, 2009 10:04am
Quoting GastonCorzo
Just remember this image !!!!!!!!!!!!!!!!!!!!

biggest bull trap developing
Well said and now the bulls know that . Not jumping blindly today and 1 long I prefer keep open till week end if work.worst day for the week/month , got only 12 pips in the morning today in eu .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #155,374
  • Oct 23, 2009 10:18am Oct 23, 2009 10:18am
Quoting fontu
Well said and now the bulls know that .
Not jumping blindly today and 1 long I prefer keep open till week end if work.
worst day for the week/month , got only 12 pips in the morning today in eu .
fontu

Fontu,

Did you see how the E/G pair told us GBP wanted lower ?

The Eur/GBP had hit near to 92 on the spike (9191) but was at 9100~9120 moments later.
Pound stood at 16450/60 and euro was getting tired of the climb.
The only # that worked was 163xx, on the low end at that.

E/G is the focus of tens of millions of Brits since they earn in pounds and spend in Euros.

I look at that equation first before ever to enter a Cable trade, even scalps....

Mkt is at fair value at the moment. How'd you do on your end ? Come out okay ?
( I hope so, because I appreciate your postings.)
  • #155,375
  • Oct 23, 2009 10:19am Oct 23, 2009 10:19am
Quoting Hissst
Did you check into it?
yes...about 1 m
those who can, do. those who cant, talk about those who can
  • #155,376
  • Oct 23, 2009 10:32am Oct 23, 2009 10:32am
Swiss franc is trying to shift lower, near 99 cents basis Dec futures (just above)
so, the 101 level basis spot CHF. Has bounced off that level few time now.

If it finally gives way, Euro will move down, not necessarily in sympathy,
but in tandem with the swiss because the eur/chf rate is holding up well.

U/chf is trying to clear resistance and will atleast hold U/E in check for the moment.

Small reprive for the USD. Friday thingy too. Would want to see follow thru on Monday before taking position.
Why hold large over weekend ? Big $$ will look on Monday and move it how they see fit.
  • #155,377
  • Oct 23, 2009 10:34am Oct 23, 2009 10:34am
All I can say is c'mon 1.4912 Been holding this short since yesterday.... (yes bad short, and lucky it missed my SL at 1.5062)
~Ody
  • #155,378
  • Oct 23, 2009 10:39am Oct 23, 2009 10:39am
Quoting Chicky
Yes, I did. Closed my all three shorts entered at 1.6660 for total 20 pips, just before it dived more than a couple of hundred pips.

ps. just re-entered with only one lot.Will let sl hit or until it NY opens,
i hope your sl moved to be plus. yellow line could be the half way point of move. if usd gets any strength it could be much further. levels are on chart... but you got others on skinny pink/orange candles to watch out for..(wick ends and body ends, include where body starts as wick extends) currently about 100 pips away from yellow line.. and being slowed by the skinny pink candles. the 2 to the left.
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those who can, do. those who cant, talk about those who can
  • #155,379
  • Oct 23, 2009 10:44am Oct 23, 2009 10:44am
Quoting Ody
All I can say is c'mon 1.4912 Been holding this short since yesterday.... (yes bad short, and lucky it missed my SL at 1.5062)
i do not think is a bad entry it was just too soon but ill get there if you can hold it and probably counter trend it youlll get more at the end
  • #155,380
  • Oct 23, 2009 11:05am Oct 23, 2009 11:05am
Quoting gatorinla
wide blue line has moved.. sorry posted this a few hours too late. chart went with 5055/62 post. anyway its friday so this dont mean shit. but 5013 comes to mind.. if it was tuesday id say look for a base build there but its friday. clean up before you leave..dont forget to brush
__________________
same chart as above chart filled in a little. 5013 seems to be holding as a base, but the yellow line says something has to give. its friday. whatever way it goes should be know in the next few. indications to me is the yellow line fails short term.. time will tell... dont forget to wipe..
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those who can, do. those who cant, talk about those who can
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