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EURUSD

  • #168,621
  • Dec 4, 2009 9:13am Dec 4, 2009 9:13am
Personally, I added more positons for long, another great dip for long after dubai....
  • #168,622
  • Dec 4, 2009 9:18am Dec 4, 2009 9:18am
Watching to reload longs between 1.4886 and 1.4831, on capitulation move.

We traded the 1.4844 level each week, for the last 8 weeks.
So far this week we haven't touched it... yet ?

Watching 1.5034 to the upside.
Getting it right is NOT as important as not getting it wrong.
  • #168,623
  • Dec 4, 2009 9:19am Dec 4, 2009 9:19am
If everyone is going long, will big players again hunt for stops to drop it to 1.48 ????
  • #168,624
  • Dec 4, 2009 9:21am Dec 4, 2009 9:21am
Stocks UP , Dollar UP , what that tells you??

DOllar Rally ... It's ON BABY
Tango Shojic
  • #168,625
  • Dec 4, 2009 9:22am Dec 4, 2009 9:22am
Quoting fxswing
Watching to reload longs between 1.4886 and 1.4831, on capitulation move.

We traded the 1.4844 level each week, for the last 8 weeks.
So far this week we haven't touched it... yet ?

Watching 1.5034 to the upside.
i got that one on radar and watching it..
those who can, do. those who cant, talk about those who can
  • #168,626
  • Dec 4, 2009 9:23am Dec 4, 2009 9:23am
An important thing to pay attention to is the fact that the weak dollar and strong equity correlation is decoupling.
"Timing Is Everything. Really I Swear It Is"
  • #168,627
  • Dec 4, 2009 9:23am Dec 4, 2009 9:23am
Quoting kingfisher
If everyone is going long, will big players again hunt for stops to drop it to 1.48 ????

im getting very strong sell signals from my daily chart stochs setup and macd...
  • #168,628
  • Dec 4, 2009 9:23am Dec 4, 2009 9:23am
What will it take to erode and then even reverse the current positive E/U-S&P correlation?

Enough good US econ news? Enough mutterings from the FOMC heads & Treasury & Trichet, too, about "not waiting too long" to raise interest rates and the importance of a strong dollar?

Nothing lasts forever....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #168,629
  • Dec 4, 2009 9:24am Dec 4, 2009 9:24am
Quoting TexasforEX
An important thing to pay attention to is the fact that the weak dollar and strong equity correlation is decoupling.

  • #168,630
  • Dec 4, 2009 9:25am Dec 4, 2009 9:25am
Quoting mfoste1
im getting strong sell signals from my daily chart stochs setup and macd...
Yes sir....and dollar index...eu close below lower trendline
we tank
Going to make it big by age 21.
  • #168,631
  • Dec 4, 2009 9:25am Dec 4, 2009 9:25am
[quote=dstryr;3282190]Wrong chart. http://content.screencast.com/users/...12-04_0704.pngonly if you trade 90 m tf
  • #168,632
  • Dec 4, 2009 9:25am Dec 4, 2009 9:25am
Quoting kingfisher
If everyone is going long, will big players again hunt for stops to drop it to 1.48 ????

Why go long....stick with the flow till she turns.....Going long u are guessing where you think the market is going...wait till the market shows you then take the longs back till then enjoy ya journey south ..happy trading !
  • #168,633
  • Dec 4, 2009 9:26am Dec 4, 2009 9:26am
Quoting TexasforEX
An important thing to pay attention to is the fact that the weak dollar and strong equity correlation is decoupling.
One trading session is not enough to talk about correlation decoupling imho.

I would want to see at least 3 sessions confirming it, before I'll start believing it.

So far this looks like a nice dollar bear rally... We'll see if Sunday Night dollar can show strength and confirm it, the days after.
Getting it right is NOT as important as not getting it wrong.
  • #168,634
  • Dec 4, 2009 9:27am Dec 4, 2009 9:27am
Texas equities and dollar and gold were decoupling since 2 weeks ago. Also, did any one read the unemployement report in detail? Figure went down is b/c a lot more ppl have stopped looking for work and have just given up. These ppl are staying put and not spending how do u think this is going to effect the economy? Other ppl who have joined the labor force have done so on a temp basis once there contract is over they will back in the food stamp line and not spend again. So this spike in the quities is BS it should die down soon. Not to forget a lot of traders have gone on vaccation so these moves should be suspicious.
  • #168,635
  • Dec 4, 2009 9:29am Dec 4, 2009 9:29am
will wait until it touches or is within 10 pips of the upward trend line i think... what does evryone else think? i cant see it breaking that trendline, this news is the first positive news and it doesnt mean that the $ is going to recover significantly surely?
  • #168,636
  • Dec 4, 2009 9:29am Dec 4, 2009 9:29am
Quoting TexasforEX
An important thing to pay attention to is the fact that the weak dollar and strong equity correlation is decoupling.
We on the same page, compadre. 1.46 still seems a long row to hoe tho...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #168,637
  • Dec 4, 2009 9:32am Dec 4, 2009 9:32am
Very important day...watching the 1.4888 level

If thats not a sell signal then i have no idea what is
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  • #168,638
  • Dec 4, 2009 9:32am Dec 4, 2009 9:32am
Quoting The Fool
What will it take to erode and then even reverse the current positive E/U-S&P correlation?

Enough good US econ news? Enough mutterings from the FOMC heads & Treasury & Trichet, too, about "not waiting too long" to raise interest rates and the importance of a strong dollar?

Nothing lasts forever....
There is a disadvantage to a weak dollar for US investors, coupled with a low TED spread, the US investor is becoming "risk tolerant" they will need to invest in other higher risk vehicles to overcome the low ROI on t-bills and the cheap dollar. I feel that this will continue the positive correlation in EURUSD and S&P, driven by US investors. Secondly the cheap dollar means that any US company is now becoming a great take over target for EU, Japanese and Chinese investors. Yes the export of US products is getting cheaper thereby helping the economy short term, however the dollars will have to come home at some point and as 10 yr T-bill rate is dropping non US investors are continuing to look at higher risk investments, this is a self fullfilling prophecy, the US needs a cheap dollar for increase export and non-US investors are using the cheap dollar to slowly but surely buy up anything around in the US that is not bolted down...

As long as the TED spread is narrowing and the interest rate is higher outside the US the dollar is becoming a cheap vehicle to invest in higher risk equities.

That is why I feel that the trend is not going to reverse anytime soon. A year or even two from now all the non US investors will have a great excess of dollars that will poor back into the US economy endangering any growth there.
  • #168,639
  • Dec 4, 2009 9:33am Dec 4, 2009 9:33am
Quoting vinesh2
Texas equities and dollar and gold were decoupling since 2 weeks ago. Also, did any one read the unemployement report in detail? Figure went down is b/c a lot more ppl have stopped looking for work and have just given up. These ppl are staying put and not spending how do u think this is going to effect the economy? Other ppl who have joined the labor force have done so on a temp basis once there contract is over they will back in the food stamp line and not spend again. So this spike in the quities is BS it should die down soon. Not to forget a...

Vinesh, my Indian "friend", equities have rallied slightly and the dollar has declined slightly from two weeks ago. Check the numbers.
"Timing Is Everything. Really I Swear It Is"
  • #168,640
  • Dec 4, 2009 9:33am Dec 4, 2009 9:33am
bye bye euro, too many tests for 1.5 area, rest in peace
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