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  • #163,821
  • Nov 20, 2009 4:01am Nov 20, 2009 4:01am
Quoting franco73
im a dummy can you fill me in of what that means please?
If the PA drops and touches the lower trendline, it may be a place to consider a long....looking for the upper trendline. Or, if it breaks the lower trendline, we need to look at the next closest short target.
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #163,822
  • Nov 20, 2009 4:04am Nov 20, 2009 4:04am
Quoting realjumper
If the PA drops and touches the lower trendline, it may be a place to consider a long....looking for the upper trendline. Or, if it breaks the lower trendline, we need to look at the next closest short target.
many thanks
NOTHING VENTURED, NOTHING GAINED
  • #163,823
  • Nov 20, 2009 4:05am Nov 20, 2009 4:05am
Quoting Atlast
GU broken a support. That correlation holding so far. EU taken its time. If they pull the orders below the market now I am screwed on GU and smiling on EU.
Atlast, whats your TP on E/U?
  • #163,824
  • Nov 20, 2009 4:07am Nov 20, 2009 4:07am
Quoting franco73
many thanks
No worries.....good on yer!!

Edit: And while I was typing, it did touch the lower trendline, which was my TP. So now I'll have to toss up whether to go long (likely), or wait for a short side breakout.

Edit 2: In fact I'm not going to do anything because it's been a long day, my pips are in the pocket, so I'm going to call it a day. But you get the idea?

Good luck to all, and have a great weekend
Doing what you like is Freedom. Liking what you do is Happiness.
  • #163,825
  • Nov 20, 2009 4:11am Nov 20, 2009 4:11am
Quoting realjumper
If the PA drops and touches the lower trendline, it may be a place to consider a long....looking for the upper trendline. Or, if it breaks the lower trendline, we need to look at the next closest short target.
Same thought. I closed my short with profit. PA touched lower trendline.

http://www.johnnyjet.com/images/PicF...okingAtMap.JPG
  • #163,826
  • Nov 20, 2009 4:13am Nov 20, 2009 4:13am
http://www.cnbc.com/id/34045282
those who can, do. those who cant, talk about those who can
  • #163,827
  • Nov 20, 2009 4:13am Nov 20, 2009 4:13am
Ok..the theory is as follows -

Market is receiving 2 yr $swap yields and paying 10 yr US bond yields.

This basically means that the market is expecting low interest rates for sometime, but overall future inflation expectation and fiscal situation will worsen.

This is one reason why USDJPY will not go up too soon...
  • #163,828
  • Nov 20, 2009 4:15am Nov 20, 2009 4:15am
1h candle is on the lower tl
I thought I wanted a career.....turns out I just needed the money!
  • #163,829
  • Nov 20, 2009 4:17am Nov 20, 2009 4:17am
Quoting gatorinla
http://www.cnbc.com/id/34045282
They will survive.

http://img216.imageshack.us/img216/5...orchinaco1.jpg
  • #163,830
  • Nov 20, 2009 4:18am Nov 20, 2009 4:18am
Quoting T.E.Lawrence
Same thought. I closed my short with profit. PA touched lower trendline.
Perfect
Doing what you like is Freedom. Liking what you do is Happiness.
  • #163,831
  • Nov 20, 2009 4:20am Nov 20, 2009 4:20am
Quoting realjumper
No worries.....good on yer!!

Edit: And while I was typing, it did touch the lower trendline, which was my TP. So now I'll have to toss up whether to go long (likely), or wait for a short side breakout.

Edit 2: In fact I'm not going to do anything because it's been a long day, my pips are in the pocket, so I'm going to call it a day. But you get the idea?

Good luck to all, and have a great weekend
well thanks to your explanation and timing i thought id have a go and currently up 6 pips

so thanks again
NOTHING VENTURED, NOTHING GAINED
  • #163,832
  • Nov 20, 2009 4:34am Nov 20, 2009 4:34am
Quoting Turtle4x
Atlast, whats your TP on E/U?
Already took some partial, as first dot approached. This chart will help to see my set up for today.
rest of the dots shows what i am prepared for in terms of swings. anything else unprepared will find me waiting at outer median lines.
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  • #163,833
  • Nov 20, 2009 4:37am Nov 20, 2009 4:37am
GBP/JPY has just touched monthly pivot, and there's support at 146.314. I'm not saying anything, but if someone is interesed in trading the beast, this is good time to check for possible setups, whether up or down.

I'm just sayin'.
  • #163,834
  • Nov 20, 2009 4:42am Nov 20, 2009 4:42am
Quoting saprasa
Am now lowering my stop to 1.6610....I do not think we see below 1.6520 in this run. So adding a T/P to this at 1.6525.

Low so far 1.6525... I am out at 1.6529.
  • #163,835
  • Nov 20, 2009 4:43am Nov 20, 2009 4:43am
Quoting saprasa
Ok..the theory is as follows -

Market is receiving 2 yr $swap yields and paying 10 yr US bond yields.

This basically means that the market is expecting low interest rates for sometime, but overall future inflation expectation and fiscal situation will worsen.

This is one reason why USDJPY will not go up too soon...
japan is deflating ... their stock markets are dropping. they have lost market share since crises and lose more each day. s. korea is no longer picking up japan/europes crumbs. they gained double diget market share during crisis. this will continue and expand as usd weakens. against both europe and japan. (korean cars are cheaper)at some point both have to decide if they want to sell in u.s. market or not. until then they both lose more market share. both have older population with high social cost. the more the dollar weakens the more lost market share. at some point this will break. u.s. will have inflation then raise. lack of demand for products = lack of demand for currency. all ships rise in the tide. or sink.. tick tock JOB cat laid off
those who can, do. those who cant, talk about those who can
  • #163,836
  • Nov 20, 2009 4:46am Nov 20, 2009 4:46am
Quoting Jade Gate
Worth remembering at this juncture that we are approaching the end of year closing out of books, when insitutional traders log profit.
Do suspect we are close to hitting overdrive for short to close out end of year books. Aud and Kiwi PA further confirm this.
Thank you for pointing out this fact. Looking at the charts backs up what you say.
Gone to a better place
  • #163,837
  • Nov 20, 2009 4:50am Nov 20, 2009 4:50am
Quoting saprasa
Low so far 1.6525... I am out at 1.6529.
nice. got out of my short on that pair too early, but holding long from 1.6540. not looking good for me but expecting relief rally from here.
  • #163,838
  • Nov 20, 2009 4:50am Nov 20, 2009 4:50am
EUR/USD's failure to sustain gains above 1.50 and daily studies approaching overbought levels means the odds of a pullback are increased. A daily close below 1.4845 will open risk toward the key uptrend support at 1.4739 ahead of 1.4628. However, one or the other of these levels is expected to attract renewed buying, for another attempt above 1.50. EUR/USD.
I thought I wanted a career.....turns out I just needed the money!
  • #163,839
  • Nov 20, 2009 4:58am Nov 20, 2009 4:58am
Quoting Atlast
nice. got out of my short on that pair too early, but holding long from 1.6540. not looking good for me but expecting relief rally from here.
might want to check that the last support on this pair was 1.6517 +. Might want to wait before going long on next candle at H1. And will wait for this pair to finish before deciding on the other pairs original move

(plenty of upside move if it does)
I am both right and wrong, what's important is the amount of $$$ in my bank
  • #163,840
  • Nov 20, 2009 5:05am Nov 20, 2009 5:05am
we got room to move.. its friday...and if you check latey last half of month its usd possitive last 3 months.. yellow line broke out march tl..
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those who can, do. those who cant, talk about those who can
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