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  • #159,701
  • Nov 8, 2009 2:50pm Nov 8, 2009 2:50pm
Quoting nedooo
Nov. 8 (Bloomberg) “Labor-market conditions are still very challenging in the U.S., and the rest of the world is improving faster. The dollar remains the weakest link.”

http://www.bloomberg.com/apps/news?p...DqoEZ.mU&pos=5
“The key wildcard to dollar carry trades is whether people continue to show an appetite for risk,” Chandler said. “That’ll weigh on the dollar.”
The euro’s exchange rate “is on the strong side of its equilibrium,” the Washington-based IMF said.



Same article, we all see and believe what we want.
  • #159,702
  • Nov 8, 2009 2:58pm Nov 8, 2009 2:58pm
Quoting SerpentDove
“The key wildcard to dollar carry trades is whether people continue to show an appetite for risk,” Chandler said. “That’ll weigh on the dollar.”
The euro’s exchange rate “is on the strong side of its equilibrium,” the Washington-based IMF said.



Same article, we all see and believe what we want.
The key note here is carry-trade on US$ is carrying on. Other things are just voices of unsatisfaction with the rate coming from EU.
  • #159,703
  • Nov 8, 2009 3:05pm Nov 8, 2009 3:05pm
Quoting TheFisherman
The key note here is carry-trade on US$ is carrying on. Other things are just voices of unsatisfaction with the rate coming from EU.
It sure is. And my main philosophy of trading is that the market will do whatever it has to, to screw the most investors at the same time.
  • #159,704
  • Nov 8, 2009 3:14pm Nov 8, 2009 3:14pm
Quoting SerpentDove
It sure is. And my main philosophy of trading is that the market will do whatever it has to, to screw the most investors at the same time.
You are so right. I did not finished banging my head to the wall yet. Friday it was so obvious. Everything pointing up. But what? Nothing happens. Just frustrated traders at the end of the week. And for all to be even more frustrating, it goes north during the week end before the open. I can not afford the risk to leave trades open over the week end since my broker told me with regarding to stops: "nothing is guaranteed".

So there you are. I'm going back for a new session of head banging.
  • #159,705
  • Nov 8, 2009 3:16pm Nov 8, 2009 3:16pm
Quoting TheFisherman
Master execution. Exit a bit rash? You were basically in a free trade once the first lot out right? Why didn't you wait longer?
I was already quite pips loaded I always cut the risk as soon as price action is not proper. yes, of course sometimes it means I am out without profit but the most important: it means also i do not lose money - this is the point. if i only cut almost every loss i am happy , i am not affraid about profit trades - i will have a lot of them. all I want to do is cut all bad trades (or at least almost all of them). i am sure you get my point
  • #159,706
  • Nov 8, 2009 3:26pm Nov 8, 2009 3:26pm
Quoting TheFisherman

So there you are. I'm going back for a new session of head banging.
As a bear in this market forehead is quite dented. I am not however swayed and the shorts that I took from 1.5 (long since booked) have left me a nice cushion.
  • #159,707
  • Nov 8, 2009 3:36pm Nov 8, 2009 3:36pm
Held longs over the weekend. Now I am off to shop for a Top hat and monocle. 1.4833
  • #159,708
  • Nov 8, 2009 3:51pm Nov 8, 2009 3:51pm
Quoting nedooo
Nov. 8 (Bloomberg) -- ... which provides traders plenty of time to continue with carry trades,” said Boris Schlossberg, director of currency research at the online currency trader GFT Forex in New York ...
Well, I would use that as a contrarian indicator, if Boris says that more room to go up, a top might be near.
  • #159,709
  • Nov 8, 2009 3:55pm Nov 8, 2009 3:55pm
Closed my longs from end of last week for a nice 30 pips when Oanda started to move. Now I'm short.
  • #159,710
  • Nov 8, 2009 3:58pm Nov 8, 2009 3:58pm
To all those yelling gap long gap long. Look at the history of your euro charts. Gaps get closed 98% of the time.
All that is left in FF is just plain garbage. "Cloggie"
  • #159,711
  • Edited 4:22pm Nov 8, 2009 4:04pm | Edited 4:22pm
Quoting tonyo524
To all those yelling gap long gap long. Look at the history of your euro charts. Gaps get closed 98% of the time.

The key is to not bet the farm and it's a good play.

I'm short at 1.4880, small position.

Added, still small, 1.4870
  • #159,712
  • Nov 8, 2009 4:18pm Nov 8, 2009 4:18pm
BE for several short lots on this one. Here comes the free money!!
  • #159,713
  • Nov 8, 2009 4:30pm Nov 8, 2009 4:30pm
Nothing changed since Friday.

We're still in the FOMC 1H range 1.4826-1.4909...
Getting it right is NOT as important as not getting it wrong.
  • #159,714
  • Nov 8, 2009 4:56pm Nov 8, 2009 4:56pm
I'm done adding, it works or it doesn't.
Attached Image (click to enlarge)
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  • #159,715
  • Nov 8, 2009 5:09pm Nov 8, 2009 5:09pm
http://img691.imageshack.us/img691/5217/eurusdk.jpg


nothing different...
Let us be green
  • #159,716
  • Nov 8, 2009 5:16pm Nov 8, 2009 5:16pm
Your giant 52 inch monitor! Those charts are too big for little ff forum.
----- Dragonfly out in the sun you know what I mean, don't you know
  • #159,717
  • Nov 8, 2009 5:17pm Nov 8, 2009 5:17pm
Does anyone have any experience with closing gaps? Generally how long does it take a 30-40 pip gap, like we have here now, to close...?
  • #159,718
  • Nov 8, 2009 5:25pm Nov 8, 2009 5:25pm
is it up for a recovery ?

thanks
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  • #159,719
  • Nov 8, 2009 5:29pm Nov 8, 2009 5:29pm
Quoting SerpentDove
I'm done adding, it works or it doesn't.
Serpent take a look at the GBP/JPY gap, I open a little short there.
  • #159,720
  • Nov 8, 2009 5:33pm Nov 8, 2009 5:33pm
Quoting investor_me
BE for several short lots on this one. Here comes the free money!!
Nothing is free.
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