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  • #168,841
  • Dec 4, 2009 1:08pm Dec 4, 2009 1:08pm
Well I'm pretty new to this, but my assessment is that it looks like we have been moving close to testing the long term daily TL for the past month or so. Today's ((less bad news)) about US jobs simply gave it that little extra push to finally break on through.

It seems as though there is both long and short term confluence around the 4800-4825 area. My idea is that this could possibly be the bottom before the upward trend gets some of it's footing back.

The next month or two could be pretty shaky though since the seasonal numbers will give the US a bit of a boost. But since the situation in the US is far from over I think long term going into next year we will still be treading up.

As I said I am very new and could be waaaaaaay off.
  • #168,842
  • Dec 4, 2009 1:08pm Dec 4, 2009 1:08pm
Quoting Money Man
my calculator was on four sig digits instead of five. I don't think I can buy in 1/2 pip increments anyway.
Yes I can, I'm with oanda...
  • #168,843
  • Edited 1:35pm Dec 4, 2009 1:09pm | Edited 1:35pm
Quoting nAVIN2007
all bullshit..just about taking every1 money...
that is it , fair play doing mutually . nothings others can influence .show business , do this , do that for eye wash.
short tp set 1.3825 & will place buy there & leave.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #168,844
  • Dec 4, 2009 1:09pm Dec 4, 2009 1:09pm
gold down 5%,
looks like a gap down on sunday, bye bye longs
  • #168,845
  • Dec 4, 2009 1:12pm Dec 4, 2009 1:12pm
Today's move reminds me of a Bob Seger song....(dropping) Like a Rock.
Si vis pacem, para bellum.
  • #168,846
  • Dec 4, 2009 1:14pm Dec 4, 2009 1:14pm
Quoting fontu
that is it , fair play doing mutually . nothings others can influence .show business , do this , do that for eye wash.
short tp set 1.3925 & will place buy there & leave.
fontu

best way..will see what happen next week..
  • #168,847
  • Dec 4, 2009 1:16pm Dec 4, 2009 1:16pm
Oh yeah man. I am stubborn. I know that it will bounce back. It may take a couple of weeks but it will come back. Every time I see a drop or a raise like this one I try to find out why. This is the cruel reality of Forex trading. There is never a deffinate answer to why the market will do what it does.
  • #168,848
  • Dec 4, 2009 1:17pm Dec 4, 2009 1:17pm
I sure hope all the old school bulls aren't hurting too bad from all this...
In Charts We Trust!
  • #168,849
  • Dec 4, 2009 1:19pm Dec 4, 2009 1:19pm
Quoting X.Oden
I sure hope all the old school bulls aren't hurting too bad from all this...
where's the evil kraut?
TRADE FOR SWAP
  • #168,850
  • Dec 4, 2009 1:23pm Dec 4, 2009 1:23pm
FF where amazing stuff happens..
US deficit balanced in 1/2 day
housing market no longer a problem, all owners have equity and are making the mortgage payments by losing just 11k jobs
commercial real estate is booming
Amazing stuff...
oh by the way, it has not even broken last week's low
  • #168,851
  • Dec 4, 2009 1:23pm Dec 4, 2009 1:23pm
Quoting X.Oden
I sure hope all the old school bulls aren't hurting too bad from all this...
Nah, I'm good. Only long since 4980... 150 pips or so. I pulled the trigger again at 4835. If this thing rebounds to anywhere near 1.5100, my wife will be getting a new car for Christmas!! We will see. I'm holding fast till 4625 area. Good trades to all!!
  • #168,852
  • Dec 4, 2009 1:23pm Dec 4, 2009 1:23pm
personally I'll be closing shorts at 4800 and reversing.
TRADE FOR SWAP
  • #168,853
  • Dec 4, 2009 1:25pm Dec 4, 2009 1:25pm
Non farm--Wonder if ummm---let's say the holiday season had anything to do with this unemployment rate getting a lil better.After all seasonal help is temp.
Let's see what the Jan. reports are.
  • #168,854
  • Dec 4, 2009 1:26pm Dec 4, 2009 1:26pm
DOW down 50 ... not bad . we still have 2 and a half hours to go
Tango Shojic
  • #168,855
  • Dec 4, 2009 1:28pm Dec 4, 2009 1:28pm
Quoting Fly2
Non farm--Wonder if ummm---let's say the holiday season had anything to do with this unemployment rate getting a lil better.After all seasonal help is temp.
Let's see what the Jan. reports are.
they are counting part time workers hired for xmas to offset full workers losing jobs
  • #168,856
  • Dec 4, 2009 1:29pm Dec 4, 2009 1:29pm
Quoting cgldsmth
where's the evil kraut?
Here! Here! Good dip buying again. Well at least that's my way of seeing that. May I be wrong? Yes. I already closed some longs. This isn't a one way thing.
  • #168,857
  • Dec 4, 2009 1:29pm Dec 4, 2009 1:29pm
may have a pull back now. usx hit 84.. so i l will add after a little pullback..
those who can, do. those who cant, talk about those who can
  • #168,858
  • Dec 4, 2009 1:32pm Dec 4, 2009 1:32pm
Quoting Fly2
Non farm--Wonder if ummm---let's say the holiday season had anything to do with this unemployment rate getting a lil better.After all seasonal help is temp.
Let's see what the Jan. reports are.
Non farm employment change is how many jobs were cut, not how many jobs were gained.
All that is left in FF is just plain garbage. "Cloggie"
  • #168,859
  • Dec 4, 2009 1:32pm Dec 4, 2009 1:32pm
I will say, the inability to bounce any, at all, is a little troubling. Even if no one wants to buy Euro right now, you would think there would be some short profit taking before the close. We can't even muster a lousy 23.6 fib retace on the day.
  • #168,860
  • Dec 4, 2009 1:32pm Dec 4, 2009 1:32pm
Quoting Xaron
Here! Here! Good dip buying again. Well at least that's my way of seeing that. May I be wrong? Yes. I already closed some longs. This isn't a one way thing.
well for once I agree - I see this as a great cheap euro buying opportunity. lets all buy risky assets...go lads!
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