EURUSD

Thanks....actually since this morning after closing out a few hundred more pippies, I'm up 1,319 pips for the month......I caught that USDCHF move in the AM and the EURCAD and AUDCAD moves...closed for half at 145 pips and moved stops to BE still riding it....

Looking to add to USDCHF positions and possibly a few EURO shorts coming out of the pullback..depends on the movement...

Oh...I thought "sucking to do"

Funny thing about US traders. They are so offset by being emotional when their currency goes down that they may lose some very good opportunities. I mean, I've seen people around bearish on EU since I am on this forum.

strong ass trendline folks..

yep. and im prepared to stand over and watch it be done. all i want to see is assholes and elbows..

http://www.youtube.com/watch?v=PMe5dOgbu40


Speech by Lord Monckton

red trend line not holding.. so next 4743 then 77/86.. current 4721

like i say i great
trend test of end of day
go up or sunk down
up = hold my long position first target 1.5000
down = get profit from long and sunk with down
down 1.4600 , 4200

Honestly, it looks like regular uptrend.

Also, US fundamentals are horrible and weakening ATM.

If price doesn't dip below 1.4600, shorting is quite random, IMHO.

And Beyond!

that trendline was too stable to get broken without anything big happening.

sure man that trend not only in hour its hour and daily and weekly in same time
break it mean down trend and stronger dollar
i read that Whales of Chinese sell from 4800 and some pending order in 4630

what is your SL?

Well now this is an interesting turn of events since I left....one thing predictable about this market is that it is hard to predict...I closed my Sell Stop it never got triggered, so now back to yesterdays price action..

1.4805

flag on 5m.. i am long again but very tight sl

ON BACK-END US ECONOMY] Raw steel output dips 1st time w/w since late June after slowly rolling ahead from Q4-208 meltdown. It fell 0.8% to 1.495 mln net tons in week ended Oct 31 per AISI industry group. The prior week level was best since last Nov. Output was crushed to low of 800K last Dec. It remains down 11.2% Y/Y. Pre-Lehman bust, steel output averaged over 2 mln/week. Overall plant capacity use is up to 62.7% but still below 70.5% from a year ago. It fell to just 40% in Q1-09. So far this year, steel output running at 50.675 net tons. That is still down 44.2% vs same year ago period. Better steel output has been largely tracking auto production as latter ramped up amid low inventories. Sept vehicle sales fell sharply post-clunkers-induced Aug's surge, with Oct f/cast to closer to 10 mln pace. Production now more in-line with sales. 18:16 GMT - [OIL ENDS ABOVE $78] Nymex Dec crude extending gains post-better factory orders, hitting $79.45 high before edging back a bit in early afternoon. Pre-factory orders, oil dipped to $76.55 low. Latest CFTC data showed large specs net long at over 109K contracts or most since March.

Today's RBA rate hike now has some thinking that we may have seen the last of any further near term tightening, and as such

[AUD/USD] has seen its previous bid tone eroded somewhat. This is evidenced by the clear outperformance of the Cad, despite some firm gains in related commodities - not least of all, Gold. That said, the pair has recently reclaimed 0.90, and also managed to hold off yesterday's 0.8906 low (0.8916 today), but with broader risk sentiment set rule from here, the previous star performer may have lost its shine for now.

[US TSY ON G20 MEETING] A Tsy official is making press remarks ahead of this weekend's meeting of G20 finance officials. He says group will discuss exit-strategies on but Geithner will stress not to withdraw stimulus too early. He added forex could come up in discussions within broader macro-context. A growing number of G20 policymakers have expressed concern over a weak Usd. Tsy official expects lot of discussion on timing, implementation of Pitts G20 confab on rebalancing global economy. But the Tsy official avoided question on whether Geithner would reassure G20 that US govt committed to keeping Usd from weakening further.

dont sit on your nutz. dont think india and china is buying gold for nothing. maybe they think dollar will slip and be worth less......or maybe the want gold to prop up their own currency if need be.. they all gotta eat

What will happen to Gold, if people found how to manufacture it, just like they do on Diamonds now?

Long time ... but what can I say .. I saw this coming long ago .. Criticize and call it luck ... I posted this on June and all three have come to pass ..

http://www.forexfactory.com/showpost...51&postcount=4




Hey arms & Macman .. still reading the threads .. am now a big boy .. doing big things ..

they already can