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  • #170,881
  • Dec 10, 2009 7:33pm Dec 10, 2009 7:33pm
Quoting mfoste1
Yo gator I was driving today and listening to NPR and they were talking about how goldman is gonna give execs stock options instead of paid bonuses.... hmmmm wonder why they have been dumping it since middle of oct....
i mentioned the inside selling last week.. the stock price has dropped also... its like this if your in gold oil ect. you buy dollars to get out of trade. commoditys sell= dollar buy.
those who can, do. those who cant, talk about those who can
  • #170,882
  • Dec 10, 2009 7:37pm Dec 10, 2009 7:37pm
Quoting The Fool
You keep talking shit about December like it was the end of the world, but do you really know wtf you talking about? In fact, in 7 out of the last 11 years, the euro has performed strongly in December - and in the down years it was not really very much down. December typically sees a period of higher repatriation of euros into the EZ, & that could be the main reason why.

Read all about it:

http://www.fx360.com/commentary/kath...-patterns.aspx

lol easy there pal....Show me where i KEEP talking about "how December is the end of the world", please do....I never said that euro is going to fall hard in December, in fact look at my sentiment and previous posts. I don't listen to anything Kathy Lien has to say, in fact I don't really listen to any analyst because I trade off of my own research, and I never place a trade based off of some nonsense that an analyst compiled. You don't think that banks put out analysis, then don't trade against retail traders that follow that rubbish? Really? I believe thats why they are an analyst.
  • #170,883
  • Dec 10, 2009 7:42pm Dec 10, 2009 7:42pm
Quoting mfoste1
lol easy there pal....
whatever dufus, & welcome to my bin. I'm gonna see how many of you cretins I can stuff in there tonight.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #170,884
  • Dec 10, 2009 7:47pm Dec 10, 2009 7:47pm


either bottom to long is here or around other two lower levels
be ready for everything and pay attention to reaction to these leves...
they are quite obvious, but it could always crash thru em

beauty of forex
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Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #170,885
  • Dec 10, 2009 7:53pm Dec 10, 2009 7:53pm
Quoting The Fool
You keep talking shit about December like it was the end of the world, but do you really know wtf you talking about? In fact, in 7 out of the last 11 years, the euro has performed strongly in December - and in the down years it was not really very much down. December typically sees a period of higher repatriation of euros into the EZ, & that could be the main reason why.

Read all about it:

http://www.fx360.com/commentary/kath...-patterns.aspx
"4xtrader: November 19, 2009 at 01:39 PM ET
I see resistance on EURUSD at the 1.51 area for now. A pullback could take it to I would say 1.42 or so, by looking at the daily. if it drops there before going above 1.51 then there could be a chance that it will go higher and surpass 1.51. Only thing I dont like is that EURUSD plays inverse to the market and I dont expect the stock market to go much higher, so if the pullback is strong (long bearish days) I dont expect 1.51 to be taken out for a while. If 1.40 breaks, next support is between 1.35 and 1.37"
  • #170,886
  • Dec 10, 2009 7:56pm Dec 10, 2009 7:56pm
Quoting BoredToLoose
"4xtrader: November 19, 2009 at 01:39 PM ET
I see resistance on EURUSD at the 1.51 area for now. A pullback could take it to I would say 1.42 or so, by looking at the daily. if it drops there before going above 1.51 then there could be a chance that it will go higher and surpass 1.51. Only thing I dont like is that EURUSD plays inverse to the market and I dont expect the stock market to go much higher, so if the pullback is strong (long bearish days) I dont expect 1.51 to be taken out for a while. If 1.40 breaks, next support is between 1.35 and...

excellent view but a trip back to 1.5050 should also be seen as no suprise to pick up rest of long dollar colony
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #170,887
  • Dec 10, 2009 8:33pm Dec 10, 2009 8:33pm
Shouldn't the China data have supported eur? Or is my thinking backwards?
  • #170,888
  • Dec 10, 2009 8:45pm Dec 10, 2009 8:45pm
Quoting Protogenos
Shouldn't the China data have supported eur? Or is my thinking backwards?
speculation on my part. but china's fuel usage is down. and oil storage up. fuel usage down may be partly because china raised fuel prices. but it also could be for other reasons.. like things ar not as good as they were made out to be. plus catapillar laid off. cats lay off and fuel hike was about the same time about 5 weeks back. hey we will see if things are peachy or not. but china always lies..take results with a grain of salt.
those who can, do. those who cant, talk about those who can
  • #170,889
  • Dec 10, 2009 8:48pm Dec 10, 2009 8:48pm
Quoting gatorinla
but china always lies..take results with a grain of salt.
This is a good point
  • #170,890
  • Dec 10, 2009 8:53pm Dec 10, 2009 8:53pm
Quoting Protogenos
Shouldn't the China data have supported eur? Or is my thinking backwards?

yea....but not when chinas buying dollars.
  • #170,891
  • Dec 10, 2009 9:00pm Dec 10, 2009 9:00pm
Quoting The Fool
whatever dufus, & welcome to my bin. I'm gonna see how many of you cretins I can stuff in there tonight.
It took you that long?
Not all sins are created equal
  • #170,892
  • Dec 10, 2009 9:07pm Dec 10, 2009 9:07pm
Let's see.
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  • #170,893
  • Dec 10, 2009 9:09pm Dec 10, 2009 9:09pm
shorting ej shortly 3060/65 area sl less then 20
those who can, do. those who cant, talk about those who can
  • #170,894
  • Dec 10, 2009 9:20pm Dec 10, 2009 9:20pm
All passengers: please fasten seatbelts.
  • #170,895
  • Dec 10, 2009 9:24pm Dec 10, 2009 9:24pm
i left several longs while scalping at this level. bought at 4700 and 4730. tp 4800-4900 maybe more depending on price action. like i said previously, too strong of a support at this level and price wants to bounce off
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  • #170,896
  • Dec 10, 2009 9:27pm Dec 10, 2009 9:27pm
Quoting gatorinla
shorting ej shortly 3060/65 area sl less then 20
TP?
  • #170,897
  • Dec 10, 2009 9:30pm Dec 10, 2009 9:30pm
Quoting TheLastCoke
TP?
dono.. looking for 100/5000 plus
those who can, do. those who cant, talk about those who can
  • #170,898
  • Dec 10, 2009 9:38pm Dec 10, 2009 9:38pm
Quoting essenza
if it break 1.48 today, it will go to 1.49xx tomorrow, but if it remains below 1.476, we will test 1.462 definitely but to be honest i doubt it will go there unless another bad news from eurozone is coming. I put stop buy order @ 1.4785 TP 1.49 SL 1.47 and also limit buy @ 1.4625 TP will be determined later with tight SL @ 1.4595. Good Luck everyone.
The P&L (Point and Line Methodology) agrees with you, of course
with slight difference. The close has to be above 1.4733...if near
this then it could develope into a 'congestion'. If further above then...
a retracement pretty much around 1.4904 SL 1.4669. If it goes past
all this, then pretty much your TP. Viewing this as a possible 'new trent'
but like you....I doubt it. It has to break below 1.4671...and more
promising a break of 1.4669. Then it would be the start of a new ball
game for the dollar. The "dollar" looks lousy. But take this in consider-
ation. What country holds the most GOLD? The USA holds 8966 tons
and the next nearest is Germany with 3757 tons. China has 1162 tons.
The rest of the countries are in the hundred tons. The USA holds the
rest of the world by the 'balls' with their "toilet paper currency'. So
if the GOLD goes to the heights that all these gurus are predicting...
the US can pay off with their "toilet paper'. Now just think about it...
all the GOLD bugs have this GOLD...and then it comes time to cash in.
In return they get WHAT CURRENCY? This 'toilet paper'?....and when
the time comes, will they get to the door before the DOOR CLOSES?
Most of the 'gold bugs' probably won't even know where in the 'hell'
the DOOR is located besides knowing "when". So GUESS who will
shout "OUCH...OUCH" the loudest? I bet you it will be in Chinese.
That "OUCH" has a different sound to it in Chinese...more like a screech-
ing half plucked chicken caught in a mousetrap. Then hopping around
all on one foot.
ciao,
Tonyj
  • #170,899
  • Dec 10, 2009 10:33pm Dec 10, 2009 10:33pm
Quoting tonyj
The P&L (Point and Line Methodology) agrees with you, of course
with slight difference....
so don't pile up golds, count God power and you will be prosperous
  • #170,900
  • Dec 10, 2009 11:08pm Dec 10, 2009 11:08pm
Sebastien Galy ( BNP Paribas ) thinks EUR/USD will go north sharply towards the end of the year and then it will reverse due to last years European banks unloading their foreign currencies and buying back Euros . He thinks it wall happen again this year for sure .. but not with the same intensity .

Closed my short position ... 220 pips +

I will short again around December 30th .. now it's time to buy USD/JPY
Tango Shojic
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