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  • #168,041
  • Dec 3, 2009 1:50am Dec 3, 2009 1:50am
Quoting Jay Walker
Shorting the USD hasn't been a good idea since March 20th, 2003 if you want to get to the nitty gritty of it all.
Jay, are you suffering the opposite of recency bias, always looking at those monthly candles
  • #168,042
  • Dec 3, 2009 1:51am Dec 3, 2009 1:51am
Quoting sinner-
Dealers say that a break above 1.5160 would take a large number of options out of play, greatly increasing bullish momentum. A break of technical resistance at 1.5290 (double-top neckline) would also increase bullish momentum. These are two important levels to watch in coming weeks.
In coming weeks? Sure. I agree with that.

But I thought that nobody here traded anything larger than the daily frame.

There might still be a retrace here and there in spite of this clearly being an uptrend. That's why seeing 1.50 ish by week's end wouldn't surprise me.
Not all sins are created equal
  • #168,043
  • Dec 3, 2009 1:52am Dec 3, 2009 1:52am
Quoting sinner-
Jay, are you suffering the opposite of recency bias, always looking at those monthly candles
I'm getting older, what can I tell you.

A month doesn't seem so long to me anymore. I take a month to find the remote. I take two to return a phone call.
Not all sins are created equal
  • #168,044
  • Dec 3, 2009 1:55am Dec 3, 2009 1:55am
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Going to make it big by age 21.
  • #168,045
  • Dec 3, 2009 1:58am Dec 3, 2009 1:58am
Quoting Jay Walker
I'm getting older, what can I tell you.

A month doesn't seem so long to me anymore. I take a month to find the remote. I take two to return a phone call.
I am still waiting for the yearly IB on E$ to break out
  • #168,046
  • Dec 3, 2009 2:02am Dec 3, 2009 2:02am
Quoting dstryr
Im hoping that is a broken trendline backside retest with a false break resulting in price collapse but I have a feeling price will ignore those lines today
BTC Return This Year: na
  • #168,047
  • Dec 3, 2009 2:06am Dec 3, 2009 2:06am
Went long E/J
Waiting for E/U setup

R&S + parabolic...
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  • #168,048
  • Dec 3, 2009 2:09am Dec 3, 2009 2:09am
correlation €/dax broken???
For weeks now I had been trading it and I am confused now. DAX went up € down??? something not right here...
Trade on your own risk Plan your trade&trade your plan dont be a
  • #168,049
  • Dec 3, 2009 2:11am Dec 3, 2009 2:11am
Quoting mfoste1
dollar is gonna continue one way till jan.....downnn, thats very evident
May I ask what makes you think so?
The Thief of Wall Street
  • #168,050
  • Dec 3, 2009 2:12am Dec 3, 2009 2:12am
Quoting M.A.C.Doug
Im hoping that is a broken trendline backside retest with a false break resulting in price collapse but I have a feeling price will ignore those lines today
you and me both man
Going to make it big by age 21.
  • #168,051
  • Dec 3, 2009 2:14am Dec 3, 2009 2:14am
Quoting Jay Walker
I'm getting older, what can I tell you.

A month doesn't seem so long to me anymore. I take a month to find the remote. I take two to return a phone call.
Is it safe to assume three for nursing a semi?
The Thief of Wall Street
  • #168,052
  • Dec 3, 2009 2:17am Dec 3, 2009 2:17am
the min. that we draw in the next 15min., will be the short term support
The best thing that can happen to you is to find out where you're wrong.
  • #168,053
  • Dec 3, 2009 2:23am Dec 3, 2009 2:23am
Quote
correlation €/dax broken???
For weeks now I had been trading it and I am confused now. DAX went up € down??? something not right here...

Yes it is surprising it didnt went up but correlation remains. Overall i feel e/u is bullish and the current 10 pips down movement is a retracement..15 M and 5 m were in overbrought positions.

I am still long on e/u.
  • #168,054
  • Dec 3, 2009 2:28am Dec 3, 2009 2:28am
Quoting kingfisher
Yes it is surprising it didnt went up but correlation remains. Overall i feel e/u is bullish and the current 10 pips down movement is a retracement..15 M and 5 m were in overbrought positions.

I am still long on e/u.
yea I am long too thats why I was whinging guess my sl is to tight for this trade but once I put it on I never change it.
Would like to see it going up to 145 now so I get my to hit.

Good Trading everyone,
The Cat
Trade on your own risk Plan your trade&trade your plan dont be a
  • #168,055
  • Dec 3, 2009 2:33am Dec 3, 2009 2:33am
Quoting Chicky
May I ask what makes you think so?
Interest rates will most likely stay low for some time to come. Ben hasnt even said anything about raising rates now. Expectations for growth are low for 2010, I mean look at the unemployment rate for heavens sake, where's the end? I dont think any real data as come out of the US that has been positive or actually good to show growth. So ive gotta tell myself that equities are very overvalued right now, as well as gold because where is inflation? Gold is being speculated just as oil was to 147, then pop, the bubble burst. I think gatorinla posted something on here earlier saying that china thought the same thing. And then I see these crazies saying that gold is going to $6000 an ounce?!?! I cant even fathom $2500 claims. Inflation isnt here yet but it will be, you can bet hind to horses.
  • #168,056
  • Dec 3, 2009 2:33am Dec 3, 2009 2:33am
Quoting kingfisher
Yes it is surprising it didnt went up but correlation remains. Overall i feel e/u is bullish and the current 10 pips down movement is a retracement..15 M and 5 m were in overbrought positions.

I am still long on e/u.

Euro is in a tug of war between flat equities and rising gold.

Equities go down euro goes down, but not nearly as much as it used to with gold making record highs day after day. Conversely I have seen Euro climb thirty pips with a 10 point rise in equities at times due to soaring gold.
  • #168,057
  • Dec 3, 2009 2:36am Dec 3, 2009 2:36am
Quoting saprasa
Very nice!

I have added at 1.5102...I think we take out 1.512 once Europe Equity opens and would look for 1.514 by NY.

I think maximum potential is in GBP. 1.6707-1.674 needs to be cleared before a major upmove starts.. should take GU toward 1.7
It ought to go up further now from 1.5114, price indicates it on the 5 min chart, but!!
Good Trading. (keep it simple).
  • #168,058
  • Dec 3, 2009 2:38am Dec 3, 2009 2:38am
Quoting mfoste1
So ive gotta tell myself that equities are very overvalued right now, as well as gold because where is inflation? And then I see these crazies saying that gold is going to $6000 an ounce?!?! I cant even fathom $2500 claims. Inflation isnt here yet but it will be, you can bet hind to horses.
The rise in equities is a reflection of the extent to which Bananake, Obumya, and Dubaya before him have OK'd the theft of the average Americans savings in order to maintain their masters lifestyles.

End rant.
  • #168,059
  • Dec 3, 2009 2:41am Dec 3, 2009 2:41am
Quoting SerpentDove
Euro is in a tug of war between flat equities and rising gold.

Equities go down euro goes down, but not nearly as much as it used to with gold making record highs day after day. Conversely I have seen Euro climb thirty pips with a 10 point rise in equities at times due to soaring gold.
the last 15min where a good example of this gold just came up a little and DAX went down but € went up......
Trade on your own risk Plan your trade&trade your plan dont be a
  • #168,060
  • Dec 3, 2009 2:41am Dec 3, 2009 2:41am
Quoting mfoste1
Interest rates will most likely stay low for some time to come. Ben hasnt even said anything about raising rates now. Expectations for growth are low for 2010, I mean look at the unemployment rate for heavens sake, where's the end? I dont think any real data as come out of the US that has been positive or actually good to show growth. So ive gotta tell myself that equities are very overvalued right now, as well as gold because where is inflation? And then I see these crazies saying that gold is going to $6000 an ounce?!?! I cant even fathom $2500...
The US economy can take a back seat and let the EZ and Asia pick up the slack. The world keeps buying treasuries. The dollar keeps getting sold in the carry trade. Meanwhile...

Them that's got shall get
Them that's not shall lose
So the Bible said and it still is news
Mama may have, Papa may have
But God bless the child that's got his own
That's got his own
"If The Fool persists in his Folly he will become wise." - William Blake
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