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  • #168,901
  • Dec 4, 2009 2:21pm Dec 4, 2009 2:21pm
Quoting wwwin
Oh I have no idea when is over, but one NFA does not change a 1500 pip uptrend
As long as even the US simply don't want a strong Dollar, I see no reasons to fight against the printing press of the FED.
  • #168,902
  • Dec 4, 2009 2:21pm Dec 4, 2009 2:21pm
One word here before people get excited the new has to be better than expected, not just good. And fed has to tighten sooner than expected or remove stimulus measures, good we got some sort of dollar boost. If fed stops qe then we might see rates creep up.
  • #168,903
  • Dec 4, 2009 2:21pm Dec 4, 2009 2:21pm
Quoting wwwin
Oh I have no idea when is over, but one NFA does not change a 1500 pip uptrend
well,you are right. I just look at charts for trading , I feel more comfortable this way
  • #168,904
  • Dec 4, 2009 2:23pm Dec 4, 2009 2:23pm
Quoting nAVIN2007
i agree..use the weekly chart to show the trendline thou..bit more accurate and it right on for both

usdlfx is in falling wedge bullish diverence and euro bearish diverence..breakout is just a question of time scale..definately agree with u
Hi nAVIN2007, what do you think of my chart that I just posted here?
  • #168,905
  • Dec 4, 2009 2:23pm Dec 4, 2009 2:23pm
Quoting Xaron
As long as even the US simply don't want a strong Dollar, I see no reasons to fight against the printing press of the FED.
Look at the weekly chart, for Macd, and rsi,
Eur is backed by eurocrats common.
  • #168,906
  • Dec 4, 2009 2:24pm Dec 4, 2009 2:24pm
time for the big boys to close shorts and reverse. I'm all for the trend reversal at some point but at the moment I'm in the "why try to stop a fast moving train" camp.
TRADE FOR SWAP
  • #168,907
  • Dec 4, 2009 2:25pm Dec 4, 2009 2:25pm
Quoting lloydblankfe
One word here before people get excited the new has to be better than expected, not just good. And fed has to tighten sooner than expected or remove stimulus measures, good we got some sort of dollar boost. If fed stops qe then we might see rates creep up.
You're right. I'm amazed as well. We still have job losses and people think it's over. The numbers are faked as usual. Come on, from 10.2% to 10.0%? No way without some fancy calculation.

The FED won't hike anytime soon. As soon as the dust settles and people look behind the numbers, well... < place your favourite direction here > ...
  • #168,908
  • Dec 4, 2009 2:26pm Dec 4, 2009 2:26pm
One bit of news on a friday afternoon is not going to change a trend, it is the in the US's best interest to keep a cheap USD and the rest of the world is using it to borrow against cheaply to get a better return on other asset classes, I have not closed any of my long positions and only see this as a better price to add to more. Yes the daily was pierced holding above support, the weekly holds and the daily was pierced on the 3rd of Nov but held above support, pierced on the 3rd september and held above support. This retrace is not convincing me the trend is reversing.
  • #168,909
  • Dec 4, 2009 2:27pm Dec 4, 2009 2:27pm
Well guys,
this week is over. Let's see what happens next week.
A greeting to all, and for the teachers, as well as a greeting even a bow , apologize if we have disturbed your ego
The best thing that can happen to you is to find out where you're wrong.
  • #168,910
  • Dec 4, 2009 2:28pm Dec 4, 2009 2:28pm
Well it's the end of the trading day, and a lot of traders have their panties all up in a bunch. I can tell you this. When I used to trade the beast (GBP/YEN) a 400 pip move in one direction per day was the norm. I moved over to EU because it trended much better. This 250 pip drop is really a non event compared to the markets a few years ago. We just all got to relaxed.
All that is left in FF is just plain garbage. "Cloggie"
  • #168,911
  • Dec 4, 2009 2:28pm Dec 4, 2009 2:28pm
That's right. The yearly candle is still bullish.
  • #168,912
  • Dec 4, 2009 2:30pm Dec 4, 2009 2:30pm
Quoting tonyo524
This 250 pip drop is really a non event compared to the markets a few years ago. We just all got to relaxed.
Hum? A non event? A few years ago a move more than 40 pips in the Euro was an event. NFP was good for awesome 100-150 pips in the Euro.
  • #168,913
  • Dec 4, 2009 2:31pm Dec 4, 2009 2:31pm
agreeing with all longs about trend - reversal needs to have a confirmation before it is a reversal. this is a long uptrend, going to take more to confirm a reversal in my opinion...

so i made a few nice trades this week, was $300 in profit, last night i had a short open from 1.5074, no balls, didnt want to worry when i slept, set a stoploss! wake up, im out with profit and not enough balls to short again before news. hoping the open long trade will be a good one
  • #168,914
  • Dec 4, 2009 2:31pm Dec 4, 2009 2:31pm
Quoting tonyo524
Well it's the end of the trading day, and a lot of traders have their panties all up in a bunch. I can tell you this. When I used to trade the beast (GBP/YEN) a 400 pip move in one direction per day was the norm. I moved over to EU because it trended much better. This 250 pip drop is really a non event compared to the markets a few years ago. We just all got to relaxed.
A day like to day with the threads flowing back and forth really shows the different mindset and TF's among the traders, those that scalp and trade anything less then H1/H4 were stressed today and running for the exits, those that can see the bigger picture just take it in their stride and don't allow a 200 pip move change their immediate outlook on direction.
  • #168,915
  • Dec 4, 2009 2:32pm Dec 4, 2009 2:32pm
Quoting Xaron
That's right. The yearly candle is still bullish.
The best thing that can happen to you is to find out where you're wrong.
  • #168,916
  • Dec 4, 2009 2:33pm Dec 4, 2009 2:33pm
Quoting Xaron
You're right. I'm amazed as well. We still have job losses and people think it's over. The numbers are faked as usual. Come on, from 10.2% to 10.0%? No way without some fancy calculation.

The FED won't hike anytime soon. As soon as the dust settles and people look behind the numbers, well... < place your favourite direction here > ...
I have to agree with you Xaron. #'s are fudged
  • #168,917
  • Dec 4, 2009 2:35pm Dec 4, 2009 2:35pm
Cloggie
  • #168,918
  • Dec 4, 2009 2:35pm Dec 4, 2009 2:35pm
Quoting Xaron
Hum? A non event? A few years ago a move more than 40 pips in the Euro was an event. NFP was good for awesome 100-150 pips in the Euro.

Jan 16 2008 over 200 pips Jan 18 2008 over 200 pips Dec 14 2007 over 200 pips Nov 20 2007 over 200 pips.

Just so you know what I'm speaking on!
All that is left in FF is just plain garbage. "Cloggie"
  • #168,919
  • Dec 4, 2009 2:36pm Dec 4, 2009 2:36pm
Quoting gatorinla
i dont know.. if your in doubt settle half. if thats W forms you will have lots of time to make more. you dont have to get the exact low ... or high to make money.. if you dont book it was never made. ask a candle guro. if the weekly closes where we r then we should go down.. but nothing is a sure thing..
thanks much gator, i think im gonna book half. For the rest im looking for 1.4777-65 area target. If we close below the 100sma i think thats a pretty bearish signal imho...
  • #168,920
  • Dec 4, 2009 2:36pm Dec 4, 2009 2:36pm
Quoting Xaron
That's right. The yearly candle is still bullish.
yea true. imo weekly close below 1.45 could be short/mid term sign of reversal. i have my +120 pips and am happy anyway
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