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EURUSD

  • #167,901
  • Dec 2, 2009 8:21pm Dec 2, 2009 8:21pm
The only way I could explain that was if BOJ was buying gold with both hands??
Ah Luv the smell of a good prediction in the mornin!
  • #167,902
  • Dec 2, 2009 8:32pm Dec 2, 2009 8:32pm
Quoting GulfCoastPip
Should've kept my long on UJ at 87.42............
or probably upto 100.00
The Thief of Wall Street
  • #167,903
  • Dec 2, 2009 8:39pm Dec 2, 2009 8:39pm
Quoting micho
technically USDJPY should go 87.41 then 86.10
EURUSD should go 1.5120 before going anywhere else, that is technically
Quote
still cool, target adjusted for EURUSD to 1.5114
USDJPY same old

so far no good, EURUSD closed at 1.5086 for +5 may go to 1.5120 but why take the risk
USDJPY going to 88.14 target adjusted at 87.79... gonna be a negative one

meanwhile holding short on USDCAD from 1.0510 target 1.04640
see you later
When life gives you lemons, make lemonade
  • #167,904
  • Dec 2, 2009 8:40pm Dec 2, 2009 8:40pm
Quoting Chicky
or probably upto 100.00
Definitely a possibility. We'll see. Waiting patiently for another entrance.
  • #167,905
  • Dec 2, 2009 8:41pm Dec 2, 2009 8:41pm
yes this is all from BOJ, that is not technical thats intervention but in the end its gonna retrace well before reversal if any
When life gives you lemons, make lemonade
  • #167,906
  • Dec 2, 2009 8:50pm Dec 2, 2009 8:50pm
Quoting GulfCoastPip
Definitely a possibility. We'll see. Waiting patiently for another entrance.
Governments do not intervene for 200/300 pips. However, they also have to operate in an open market and therefore have to struggle.
The Thief of Wall Street
  • #167,907
  • Dec 2, 2009 8:52pm Dec 2, 2009 8:52pm
Quoting Chicky
Governments do not intervene for 200/300 pips. However, they also have to operate in an open market and therefore have to struggle.
yes they do until getting pressure from the market volumes
When life gives you lemons, make lemonade
  • #167,908
  • Dec 2, 2009 8:58pm Dec 2, 2009 8:58pm
Quoting Chicky
Governments do not intervene for 200/300 pips. However, they also have to operate in an open market and therefore have to struggle.
that would be a waste of time.
those who can, do. those who cant, talk about those who can
  • #167,909
  • Dec 2, 2009 9:02pm Dec 2, 2009 9:02pm
come on guys someone been doing frenzy selling of yen and you say do not intervene... look at the charts how the price popping steadily after the BOJ meeting 2 days ago... still waiting for the complete retrace though
When life gives you lemons, make lemonade
  • #167,910
  • Dec 2, 2009 9:03pm Dec 2, 2009 9:03pm
Quoting micho
yes this is all from BOJ, that is not technical thats intervention but in the end its gonna retrace well before reversal if any
The correlation suggested that BOJ may have been buying gold since friday to put more yen in circulation??
Ah Luv the smell of a good prediction in the mornin!
  • #167,911
  • Dec 2, 2009 9:07pm Dec 2, 2009 9:07pm
Quoting Artcritique
The correlation suggested that BOJ may have been buying gold since friday to put more yen in circulation??
i dont know how they are doing that but they been selling yen last couple of days without technical explanation in the chart, that usually happens when government intervene... you can see that in all yen pairs

i am waiting for the retrace to exit my position
When life gives you lemons, make lemonade
  • #167,912
  • Dec 2, 2009 9:11pm Dec 2, 2009 9:11pm
tis the season. lots of X-boxes to sell. gotta cheapen them some.
those who can, do. those who cant, talk about those who can
  • #167,913
  • Dec 2, 2009 9:11pm Dec 2, 2009 9:11pm
short at 1.5090 SL 1.5140 TP 1.5050
  • #167,914
  • Dec 2, 2009 9:13pm Dec 2, 2009 9:13pm
Done a little research on the daily and found some intereseting things. Stochs say that this trend has been very strong for a while, too strong though. Right now I am only attempting longs for the rest of the year, as I think shorts wouldnt even be worth too many pips like < 100 at the max when ben speaks ha or some usd + news. Euro has been supported like clockwork by the 100 sma. Its getting more evident that this trend is being exhausted from the falling wedge I have defined by white trendline, same thing from macd. Im betting my bank that euro will fall very very hard sometime in the first week of January. I think it is somewhere in the area of 1.5269-1.5300. I hope Im right for my sake
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  • #167,915
  • Dec 2, 2009 9:13pm Dec 2, 2009 9:13pm
Quoting gatorinla
that would be a waste of time.
I agree.

Watching this effort for few months. An indirect attempt between 88 and 90 failed before revising it to 85.00 also officially announcing the intention. However, think that BOJ has drew a line in sand at 85.00.

ps. Someone has to buy those robotic Office Secretaries and Dancers.
The Thief of Wall Street
  • #167,916
  • Dec 2, 2009 9:13pm Dec 2, 2009 9:13pm
you remember what happened yesterday with EURUSD? price stayed in range showing signs of bull many times on the 1.5075 level then it went down in 4 hours by intervention. now look at it going to 1.5120 when most of the public volume got stopped out or closed for BE

they do that whenever they can depending on volumes
When life gives you lemons, make lemonade
  • #167,917
  • Dec 2, 2009 9:13pm Dec 2, 2009 9:13pm
Quoting micho
i dont know how they are doing that but they been selling yen last couple of days without technical explanation in the chart, that usually happens when government intervene... you can see that in all yen pairs

i am waiting for the retrace to exit my position
...it made perfect sense. How else would you explain a safehaven currency going down in lockstep with gold's meteoric rise??
Ah Luv the smell of a good prediction in the mornin!
  • #167,918
  • Dec 2, 2009 9:18pm Dec 2, 2009 9:18pm
Quoting Artcritique
...it made perfect sense. How else would you explain a safehaven currency going down in lockstep with gold's meteoric rise??
that is called fundamentals not technical

technical=chart
fundamentals=random bullshit happening when someone opens their mouth
When life gives you lemons, make lemonade
  • #167,919
  • Dec 2, 2009 9:24pm Dec 2, 2009 9:24pm
Quoting Artcritique
I just cannot express how much your opinion means to me ,,!,,
When life gives you lemons, make lemonade
  • #167,920
  • Dec 2, 2009 9:52pm Dec 2, 2009 9:52pm
Hi folks!
Not all sins are created equal
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