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  • #168,581
  • Dec 4, 2009 8:24am Dec 4, 2009 8:24am
Quoting FX-Petra
Got another piece long @ 4930. Come on 4880 for a full postion!
Why are you in such a hurry? I think it's better to wait for the dusts to settle down. JMHO

BTW this long time uptrend won't last forever. It must end at some point.
Discipline + Patience - Fear - Greed = Success
  • #168,582
  • Dec 4, 2009 8:26am Dec 4, 2009 8:26am
Quote
BTW this long time uptrend won't last forever. It must end at some point.

I agree with you

Market reaction is very strong with unemployment rate dropping by 0.2%...so if US economy is on solid recovery, we may see FED interest rate decision sooner.
  • #168,583
  • Dec 4, 2009 8:28am Dec 4, 2009 8:28am
Quoting kingfisher
If US economy is adding jobs, it is a solid recovery because consumer spending will increase (which account for 70% of economy) which is good for US $

But how can a trend change if interest rate are near 0 and carry trade continues?
hhmmm
All that is left in FF is just plain garbage. "Cloggie"
  • #168,584
  • Dec 4, 2009 8:28am Dec 4, 2009 8:28am
Quoting gatorinla
thinking simple... but each time i go to a fast food place prices are up.. wendys .99 cent value meal up to 1.39.. inflation?

yea, really what the hell is up with that 1.39 jr bacon?!?!
  • #168,585
  • Dec 4, 2009 8:29am Dec 4, 2009 8:29am
Quoting arezab
Why are you in such a hurry? I think it's better to wait for the dusts to settle down. JMHO

BTW this long time uptrend won't last forever. It must end at some point.
Agreed, it will end. But today? Doubtful. But if it does I will just manage my trades to get out of them. Or just take the loss and start taking stock of all this fabulous uptrend has given to me! All dip buyers will be wrong at some point, but that does not wipe out the 50+ times dip buying has been profitable.

Regards,
  • #168,586
  • Dec 4, 2009 8:30am Dec 4, 2009 8:30am
Quoting arezab
Why are you in such a hurry? I think it's better to wait for the dusts to settle down. JMHO

BTW this long time uptrend won't last forever. It must end at some point.
One of my new HP workstations crashed, but am back again. I saw todays down move as an excellent opportunity to add to my longs, we made it all the way down to S2. The up trend is not going to end today....
  • #168,587
  • Dec 4, 2009 8:30am Dec 4, 2009 8:30am
Easy money was the 1,000 pip XAU scalp. Might be another couple there today....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #168,588
  • Dec 4, 2009 8:31am Dec 4, 2009 8:31am
Short biased 4871 area, if we break there we could see 4830 or even 47XX.
  • #168,589
  • Dec 4, 2009 8:31am Dec 4, 2009 8:31am
Quoting gatorinla
thinking simple... but each time i go to a fast food place prices are up.. wendys .99 cent value meal up to 1.39.. inflation?
Candy Bars $0.99 was 0.69 only a couple years ago. All packaging is smaller and more expensive. A few staples have not gone up so much but i'd say overall food in the last couple years is up 10% YOY.
  • #168,590
  • Dec 4, 2009 8:32am Dec 4, 2009 8:32am
So far it`s the typical scenario....

news time xx:30 - price goes slightly higher....

xx:35 - good news for the economy, buy price drops like a rock... unexpectedly...

US sessions starts.... price slowly(or faster) climbs back up and fills the gap... making the weekly candle look like it was in the morning...

Monday, a new week starts.... the price resumes the rally...

At least it`s what it did a lot of times... right now we are beginning the third step... EU might not recover all the way today due to the huge(unexpected for me) drop, but the other majors are not so shy.
  • #168,591
  • Dec 4, 2009 8:32am Dec 4, 2009 8:32am
gbpusd is going up and pulling eurusd up.
  • #168,592
  • Dec 4, 2009 8:32am Dec 4, 2009 8:32am
Oil seems to be the early winner.
  • #168,593
  • Dec 4, 2009 8:33am Dec 4, 2009 8:33am
Quoting tonyo524
Ok it's very obvious that this is the carry trade taking effect. Lower numbers is suppose to mean better American economy. Massive dollar buying in order to buy more higher yielding OTHER currencies. This same thing happened back in July, and the talking heads went off about how we were seeing an inverse to the weak dollar, stronger equity trade. Hear this. As long as the dollar is floating around zero interest rate, anything such as this is just considered a pullback. Until the dollar gets some valeu, it's going to be that little kid sitting in...
Some more things to consider. Most countries are crying for a stronger dollar. The feds however are not willing to make that happen, just yet. (They know a weak dollar is better for the country export wise.)
So what better thing to do than put out some manufactured numbers. The market will give the dollar a temporary boost, and everyone will calm down the chatter!
All that is left in FF is just plain garbage. "Cloggie"
  • #168,594
  • Dec 4, 2009 8:36am Dec 4, 2009 8:36am
Quoting lloydblankfe
We need a return of 90s situation strong equities equals strong dollar. Euro is backed by eurocrats.
Do you ever trade ???

So far I find mostly only rants from you about political and economic stuffs...

Let's talk TRADING, please.


let me remind you FF rule #2

Forex Factory is all about trading. Anything focused on the pursuit of trading profits is welcome - anything focused on something else is subject to removal. Keep in mind that Forex Factory is a global community, so controversial discussions (i.e., politics, religion, nationalism) should be kept to an absolute minimum. Additionally, the site should not be used to for personal agendas such as ego, drama, attention or revenge.
Getting it right is NOT as important as not getting it wrong.
  • #168,595
  • Dec 4, 2009 8:36am Dec 4, 2009 8:36am
Quoting lloydblankfe
gbpusd is going up and pulling eurusd up.

The pound does not lead the euro.

If they are moving in lockstep, it's in relation to the dixie. (usdx)
"Timing Is Everything. Really I Swear It Is"
  • #168,596
  • Dec 4, 2009 8:40am Dec 4, 2009 8:40am
Quoting Kramerica
Candy Bars $0.99 was 0.69 only a couple years ago. All packaging is smaller and more expensive. A few staples have not gone up so much but i'd say overall food in the last couple years is up 10% YOY.
Check sugar futures over the last year or so. More & more sugar (cane, corn, etc) has been going for fuel. Candymakers just passed the rise on to Baby Ruth.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #168,597
  • Dec 4, 2009 8:40am Dec 4, 2009 8:40am
Quoting FX-Petra
Agreed, it will end. But today? Doubtful. But if it does I will just manage my trades to get out of them. Or just take the loss and start taking stock of all this fabulous uptrend has given to me! All dip buyers will be wrong at some point, but that does not wipe out the 50+ times dip buying has been profitable.

Regards,
That is for sure buddy. I didn't mean that a bad position will wipe out those good ones. Sure you can manage them but I believe every position is a position for itself .. so better to try to open and close them correctly.

BTW today might be the start of the major reversal. Who knows. Look at the daily PA.
Discipline + Patience - Fear - Greed = Success
  • #168,598
  • Dec 4, 2009 8:43am Dec 4, 2009 8:43am
Quoting GulfCoastPip
Short biased 4871 area, if we break there we could see 4830 or even 47XX.
So basically, if price were to drop 70-80 pips, you're tipping it do drop an additional 40? Sorry mate, but that sounds like me suggesting that if it's hot in the morning, hot at midday, it will probably be hot in the early afternoon.

Quoting Arezab
BTW this long time uptrend won't last forever. It must end at some point.
Yes, but until that point comes...

Whenever I've hesitated because I've thought the trend has gone long enough, I've found myself wishing that I'd just taken the trade. The trend can always move further than I imagine, so I don't try to predict turning points. When it turns, then my bias will shift. For now, this is just a dip until proven otherwise.
  • #168,599
  • Dec 4, 2009 8:44am Dec 4, 2009 8:44am
Quoting TexasforEX
The pound does not lead the euro.

If they are moving in lockstep, it's in relation to the dixie. (usdx)
if you think so.
  • #168,600
  • Dec 4, 2009 8:44am Dec 4, 2009 8:44am
Quoting TexasforEX
Gator, what's a real estate man and forex guru doing at a Wendy's?
eating. buffet told me to try the burgers.
those who can, do. those who cant, talk about those who can
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