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EURUSD

  • #162,681
  • Edited 7:25pm Nov 17, 2009 7:13pm | Edited 7:25pm
Quoting preneur
EURUSD has a nice base at around 1.48, and it looks like it will pay better to play the dip-spike scenario; and keeping those trend longs

It will pay better, and actually pretty well, to keep the trend long and buy extra on dips to sell at high.
This sounds logical to me. There's been a lot of talk about a "strong dollar" of late but the Fed most probably will be the last to the rate-raising party. ECB will get there before the Fed. Hedge Fund currency players know/believe this & will probably keep buying E/U on dips. On the other hand, seems like E/U is pretty well defended above 1.5. So, how about some more ranging for the E/U - between 1.46 and 1.5, say? I'm just picking up crumbs, so what do I care?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #162,682
  • Nov 17, 2009 7:13pm Nov 17, 2009 7:13pm
Quoting The Fool

hehe, agree... that post didn't fit in anywhere...
  • #162,683
  • Nov 17, 2009 7:17pm Nov 17, 2009 7:17pm
Quoting The Fool
This sounds logical to me. There's been a lot of talk about a "strong dollar" of late but the Fed most probably will be the last to the rate-raising party. ECB will get there before the Fed. Hedge Fund currency players know/believe this & will probably keep buying USD on dips. On the other hand, seems like E/U is pretty well defended above 1.5. So, how about some more ranging for the E/U - between 1.46 and 1.5, say? I'm just picking up crumbs, so what do I care?

Nicely put

FED will wait, unless we start seeing %5 gains in Oil like we saw last summer (and maybe Gold) and/or DOW.
  • #162,684
  • Nov 17, 2009 7:18pm Nov 17, 2009 7:18pm
Quoting scalpah
This little 5 min "break out" seems to be failing now. lets see if it holds support at the channel.
Hard for me to tell whats going on, my ECN server was down for more than two hours and all that data is missing.
  • #162,685
  • Nov 17, 2009 7:18pm Nov 17, 2009 7:18pm
What happend to that post asking when we know a trend has reversed?
.
The Thief of Wall Street
  • #162,686
  • Nov 17, 2009 7:25pm Nov 17, 2009 7:25pm
when in doubt whip out ass chart. good without a new top..add in grail chart. and i got another that works.. but its for reversal.. so i hold onto it for a while..green and gold = green & gold. all number were washed after pulled from ass..
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those who can, do. those who cant, talk about those who can
  • #162,687
  • Nov 17, 2009 7:33pm Nov 17, 2009 7:33pm
Quoting gatorinla
when in doubt whip out ass chart. good without a new top..add in grail chart. and i got another that works.. but its for reversal.. so i hold onto it for a while..green and gold = green & gold. all number were washed after pulled from ass..
Gator, did you temper with green horizontal line at 1.4898 by 25/30 pips while washing? Was it originally around 1.4930?
The Thief of Wall Street
  • #162,688
  • Nov 17, 2009 7:41pm Nov 17, 2009 7:41pm
Quoting Chicky
Gator, did you temper with green horizontal line at 1.4898 by 25/30 pips while washing? Was it originally around 1.4930?
i tweaked gold lines other levels but they are repeatable.. as time goes on chart will change.. i havent checked but most should be the same. as time goes on lines will be widder apart. im not doing it but a short about 4898 with tight sl is one i like. but a fortune can be lost between white lines.. id sell or buy as they were hit with t sl.. but the trend is up and im not trading eu.. untill 82 oil or levels posted earlier today.. im even considering shorting eu at oil 80ish..
those who can, do. those who cant, talk about those who can
  • #162,689
  • Nov 17, 2009 7:44pm Nov 17, 2009 7:44pm
Quoting Chicky
Gator, did you temper with green horizontal line at 1.4898 by 25/30 pips while washing? Was it originally around 1.4930?
i had a bad number in system if a recall correctly it was a .1 number and should of been .9... i corrected it.. other levels should be same.. some green are now gold to make it easier on me..
those who can, do. those who cant, talk about those who can
  • #162,690
  • Nov 17, 2009 7:52pm Nov 17, 2009 7:52pm
Quoting gatorinla
i tweaked gold lines other levels but they are repeatable.. as time goes on chart will change.. i havent checked but most should be the same. as time goes on lines will be widder apart. im not doing it but a short about 4898 with tight sl is one i like. but a fortune can be lost between white lines.. id sell or buy as they were hit with t sl.. but the trend is up and im not trading eu.. untill 82 oil or levels posted earlier today.. im even considering shorting eu at oil 80ish..
Thanks Gator, This chart is really very helpful.

Time brought my line from 1.4930 to 1.4910, but 12 pip difference is no difference. I am not prefectionist anyway.
The Thief of Wall Street
  • #162,691
  • Nov 17, 2009 7:53pm Nov 17, 2009 7:53pm
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting Larseg
hehe, agree... that post didn't fit in anywhere...

wow that’s very smart of you ... i am surprised now ...

so tell me since when a post needs to have a DNA checked done?

at least i am sharing my activity ...

are you upset because you are trying but its not going anywhere … maybe its time that you start showing respect to others …


and think before you put your fingers on that keyboard of yours … once you finish thinking … maybe think again …
  • #162,692
  • Nov 17, 2009 7:55pm Nov 17, 2009 7:55pm
In fact I'm seeing a mini 2008.

Oil will jump out the back of a chinook, in tandem with gold and the SPX500.


Consumer credit has dried up, unemployment stagnant in the US.

People need cash, in the next ten days.


Watch out for the lunge upwards as they all lay their shorts.


Then down.


I, rule303, say this.

Quoting preneur
Nicely put

FED will wait, unless we start seeing %5 gains in Oil like we saw last summer (and maybe Gold) and/or DOW.
Short negativity.
  • #162,693
  • Nov 17, 2009 7:59pm Nov 17, 2009 7:59pm
Quoting Exsilium
I didnt even know there was a eur/xau chart, and if what you say is true... what do we do with that information?
You discover that until just very recently the real price of gold hasn't increased at all??? Now you have a strong short term uptrend, and people are talking about selling into it??

A smart fellow once told me that "nothing is 'EVER' too expensive or too cheap." The market decides that, not individuals!
Ah Luv the smell of a good prediction in the mornin!
  • #162,694
  • Nov 17, 2009 8:05pm Nov 17, 2009 8:05pm
Quoting kegra
you were a gold buyer when was at 700$ ?? i was.. and i was a seller when reached 1000$ and do remember its not the value of gold..
study a eur/xau chart and then we can talk.. its all about dollars not gold itself...

for euro holders gold has gained almost nothing those months..
You are correct, the tail does not wag the dog, it's the other way around. Gold does not affect EURUSD, it's the Dollar that affects the price of gold b/c it is traded in dollars...so if the dollar is weak, it takes more dollars to buy it so the pirce of gold in $$ goes up....so study the EURUSD chart not the gold chart to see where EU is going. This is my humble opinion.
PS. To a lesser extent, this applies to OIL also, althought OIL is affected greatly by suppy/demand.
  • #162,695
  • Nov 17, 2009 8:06pm Nov 17, 2009 8:06pm
houston we have a problem. be careful with longs.
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those who can, do. those who cant, talk about those who can
  • #162,696
  • Nov 17, 2009 8:07pm Nov 17, 2009 8:07pm
Quoting Artcritique
The market decides that, not individuals!
and who is the market my friend ??? an alien entity maybe ??

we are the markets we rule them we humans me you the hsbc trader sitting next to me the other moron from the one trilion hedge fund and all us collectivly is the market ... we decide no one else...
  • #162,697
  • Nov 17, 2009 8:07pm Nov 17, 2009 8:07pm
Quoting rule303

Watch out for the lunge upwards as they all lay their shorts.

Then down.
I am expecting Big Dog to come out again in the European session and run this thing down. Big Dog can do it even if there's a green day in the euro/us stocks, but if he gets some CB talking head "strong dollar" bs or some shitty EZ news, that'll be a good smoke screen. Big Dog might play the dump & pump on E/U into next week or next month. Big Dog has got time. Be afraid of Big Dog.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #162,698
  • Nov 17, 2009 8:09pm Nov 17, 2009 8:09pm
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting gatorinla
houston we have a problem. be careful with longs.
aha ... i am glad we are on same page ... gives me more confident ...
  • #162,699
  • Nov 17, 2009 8:12pm Nov 17, 2009 8:12pm
Quoting G_Man
aha ... i am glad we are on same page ... gives me more confident ...
dont get too confident.. its eux not usx... euro has a leash on it and controls nothing.. atm. commodities pairs may be the reason also.. usx and eux can both lose value at the same time..
those who can, do. those who cant, talk about those who can
  • #162,700
  • Nov 17, 2009 8:17pm Nov 17, 2009 8:17pm
Quoting kegra
and who is the market my friend ??? an alien entity maybe ??

we are the markets we rule them we humans me you the hsbc trader sitting next to me the other moron from the one trilion hedge fund and all us collectivly is the market ... we decide no one else...
We are the current participants. The ultra short term market. Anyone with leverage is not the market. This is where the difficulty comes with picking tops and bottoms. The ultimate deciding factor is at what price 'the HSBC trader' can sell it, ounce by ounce to Mom and Pop and what price the hedge fund trader can justify for his units.

I don't know very much, but this I'm reasonably sure of????
Ah Luv the smell of a good prediction in the mornin!
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