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  • #167,721
  • Dec 2, 2009 9:21am Dec 2, 2009 9:21am
if somebody asks about 'choppy market' - today is just the story
  • #167,722
  • Dec 2, 2009 9:22am Dec 2, 2009 9:22am
Quoting kingfisher
Dow rallying, Eur/USD rallying.

Once dow falls (booking profits), eur/usd will fall.

I am shorting these new spikes with a hope dow falls and i get 20 pips profit.
Which one leads, dow , currencies, dollar index?

Never trade with Charity's two sisters, Hope and Faith
  • #167,723
  • Dec 2, 2009 9:23am Dec 2, 2009 9:23am
[quote=auxesis;3276280]The proverbial cat is out of the bag, the short term debt of the US Next (18-24 months) is unsustainable and will not be able to be refinanced, leading the Fed the only option of printing themselves into oblivion, other central banks are already pulling out of the dollar and going into hard assets, gold, silver, commodities...........



Which don't forget, all are priced in dollars. Seems a lot of people are either new at economics, or have a short term memory. This is not the first time the USD was in this mess, look back in your charts on the monthly. We were at a what was considered an all time low back in 1995. What happened then the feds started raising rates, and the dollar roared to it,s strongest level it had ever been against the euro. It will happen again once the rates start going back up. Oh and like I said in my earlier post, watch out for that 5065-75 level, lots of support there!
All that is left in FF is just plain garbage. "Cloggie"
  • #167,724
  • Dec 2, 2009 9:25am Dec 2, 2009 9:25am
Quoting gatorinla
getting power
may be but there is no any bull pattern in lower tf ,rather bear contnuation W .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #167,725
  • Dec 2, 2009 9:25am Dec 2, 2009 9:25am
Sometimes, a simple trading plan will not allow you to be in the market. Waiting for a dip to buy E/U again. And waiting.... and waiting. Looking for 4950 to buy, again at 4890. Must remain patient. There is no law that says we must be given an opportunity EVERY day! As I said earlier, we have a strong rising daily trend line that is now on the door step of a Big 76.4% daily fib. If this fib gives way, it is hard to make a case for anything but a full retrace and a test of all time highs. This trend line has crushed all fibs in its path since April. Does it have enough gas left to get us up over this one? No one knows. I suspect yes, but my suspicions won't buy breakfast. 4625 remains as the number that must be breached before any consideration of trend change. Good trades to all!!!

Regards,

PS.- when your longs seem bleak and you are ready to abondon ship, that is the hour that the fed resv. will likely come out with some horse crap that will weaken the dollar. Remember longs.... Uncle Ben is on your side! (until he is not).
  • #167,726
  • Dec 2, 2009 9:26am Dec 2, 2009 9:26am
Quote
Which one leads, dow , currencies, dollar index?

Never trade with Charity's two sisters, Hope and Faith

In my view dow leads..movements in dow will determine eur/usd movement.

Right now dow cooling (booking profits), eur/usd cooling.
  • #167,727
  • Dec 2, 2009 9:29am Dec 2, 2009 9:29am
nzd/usd just about to POP north ...
  • #167,728
  • Dec 2, 2009 9:31am Dec 2, 2009 9:31am
Quote
Sometimes, a simple trading plan will not allow you to be in the market. Waiting for a dip to buy E/U again. And waiting.... and waiting. Looking for 4950 to buy, again at 4890. Must remain patient. There is no law that says we must be given an opportunity EVERY day! As I said earlier, we have a strong rising daily trend line that is now on the door step of a Big 76.4% daily fib. If this fib gives way, it is hard to make a case for anything but a full retrace and a test of all time highs. This trend line has crushed all fibs in its path since April....

I really like your trading style..you have been doing it successfully over and over again. Minimum stress and higher profit in your trading style.

You load at dips and then unload to someone with 100 pips profit or at near high.

Thats so true- waiting to buy again at dips needs lot of patience and patience rewards big time.
  • #167,729
  • Dec 2, 2009 9:33am Dec 2, 2009 9:33am
Dow falling- eur/usd falling..me booking 15 pips profit on my short.
  • #167,730
  • Dec 2, 2009 9:34am Dec 2, 2009 9:34am
Quoting moosley
eu short 4h trg 1.5020
still on...
  • #167,731
  • Dec 2, 2009 9:35am Dec 2, 2009 9:35am
Quoting moosley
still on...
agree
  • #167,732
  • Dec 2, 2009 9:35am Dec 2, 2009 9:35am
im surprised we did not pull back just a little.. gasoline supply is up..????
those who can, do. those who cant, talk about those who can
  • #167,733
  • Dec 2, 2009 9:35am Dec 2, 2009 9:35am
Quoting tonyo524
Which don't forget, all are priced in dollars. Seems a lot of people are either new at economics, or have a short term memory. This is not the first time the USD was in this mess, look...
Read the article.

The projected deficit 2009 for the US........ 1.2 Trillion.

The Fed will have to raise interest rates, way before then as inflation will turn hyper. They can raise and raise and raise, no other country will buy our treasuries to help finance our debt, as we will be insolvent. Meaning we print and devalue or crash, will is inevitable.

In 1995 we did not have this.
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  • #167,734
  • Dec 2, 2009 9:38am Dec 2, 2009 9:38am
Quoting cannarek
if somebody asks about 'choppy market' - today is just the story
agreed.. today is not my trading day..my trades doesnt work out at ALL..

sighs..
  • #167,735
  • Dec 2, 2009 9:40am Dec 2, 2009 9:40am
Quoting auxesis
Read the article.

The projected deficit 2009 for the US........ 1.2 Trillion.

The Fed will have to raise interest rates, way before then as inflation will turn hyper. They can raise and raise and raise, no other country will buy our treasuries to help finance our debt, as we will be insolvent. Meaning we print and devalue or crash, will is inevitable.

In 1995 we did not have this.
No other country will buy our debt? Wake up, other countries are currently buying our debt and will continue. Did you not see the treasury sales numbers from last week alone? I say again, wake up!
All that is left in FF is just plain garbage. "Cloggie"
  • #167,736
  • Dec 2, 2009 9:41am Dec 2, 2009 9:41am
Quoting tonyo524
No other country will buy our debt? Wake up, other countries are currently buying our debt and will continue. Did you not see the treasury sales numbers from last week alone? I say again, wake up!
Who bought them?
  • #167,737
  • Dec 2, 2009 9:44am Dec 2, 2009 9:44am
Quoting kingfisher
I really like your trading style..you have been doing it successfully over and over again. Minimum stress and higher profit in your trading style.

You load at dips and then unload to someone with 100 pips profit or at near high.

Thats so true- waiting to buy again at dips needs lot of patience and patience rewards big time.
Thanks Kingfisher. It has taken me a long time and a lot of pain to realize that this game has very little to do with the market, and a lot to do with me. I know this is a cliche... but until I really internalized that truth and made it a part of myself, the cliche knowledge did not good. I try to post honest, solid trading plans for new traders to use as an example. I hope some find it helpful.

Regards,
  • #167,738
  • Dec 2, 2009 9:44am Dec 2, 2009 9:44am
Quoting auxesis
The proverbial cat is out of the bag, the short term debt of the US Next (18-24 months) is unsustainable and will not be able to be refinanced, leading the Fed the only option of printing themselves into oblivion, other central banks are already pulling out of the dollar and going into hard assets, gold, silver, commodities...........

here's the ugly truth.

http://www.moneyweek.com/investments...den-94908.aspx
Yep.. I read that a couple days ago.. No way they can sell 3.5 trillion in short term and anyone that buys long term T-bills should have thier head checked.. Actually, anyone that buys T-bills should have their head checked. I suspect the Fed has been buying the debt with 3rd party conspirators and will continue to do so until they get exposed.
  • #167,739
  • Dec 2, 2009 9:47am Dec 2, 2009 9:47am
Quoting Kramerica
Yep.. I read that a couple days ago.. No way they can sell 3.5 trillion in short term and anyone that buys long term T-bills should have thier head checked.. Actually, anyone that buys T-bills should have their head checked. I suspect the Fed has been buying the debt with 3rd party conspirators and will continue to do so until they get exposed.
They have already been caught doing such, but you will not hear about it in the mainstream news outlets.
  • #167,740
  • Dec 2, 2009 9:47am Dec 2, 2009 9:47am
Quoting evoangel
agreed.. today is not my trading day..my trades doesnt work out at ALL..

sighs..
no worries take some time off and relax we all have days where our trades suck. Better times will come when u take a step back for a while, at least that works for me
Trade on your own risk Plan your trade&trade your plan dont be a
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