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  • #172,221
  • Dec 15, 2009 10:09am Dec 15, 2009 10:09am
Quoting SkyzerFX
By devaluating and Debasing currency it's possible. But not Only US,

but also the rest of the World (Some Large Countries) might

have to push reset button on the Debt,

cause it's simply unsustainable.
interesting times we living in..goodness imagine if that happens..
  • #172,222
  • Dec 15, 2009 10:10am Dec 15, 2009 10:10am
Quoting mikjurado
I've made some 40 pips into my shorts but I'm still with the firts one .4616 hoping .4482
You might get it the first half of the day. Bunch of data again..

EURO very weak..
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  • #172,223
  • Edited 10:36am Dec 15, 2009 10:12am | Edited 10:36am
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Numbers may be slightly off but we may have bounced off a 50% fib

It can continue lower but if it blows the 1.4340(61.8%) area then its headed below 1.39 (Unlikely)


The other more plausible scenario is that the bear is done, (although vulnerable bull stops might be hunted at 1.4480)
before it continues much higher (1.5366 )

A buy at current levels( 1.4490-1.4520) might be rewarding,

but i could be wrong
Some drink at the fountain of knowledge. Others just gargle !
  • #172,224
  • Dec 15, 2009 10:12am Dec 15, 2009 10:12am
Quoting kingfisher
dollar bulls are exhausted...eur/usd didnt fall much after PPI data..no overreaction.

It is time for euro bulls to take over and run it again to 1.47 to 1.49 to 1.51.
don't think so though price should go again up from 1.4540 or lower level ,may be over 1.4570 last time 1.4578 or below 93 max. i guess and it should down to the base ,not up.people may not care a dead horse much.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #172,225
  • Dec 15, 2009 10:16am Dec 15, 2009 10:16am
Quoting SkyzerFX
You might get it the first half of the day. Bunch of data again..

EURO very weak..
interesting thing is euro weakness hit a brick wall..but dollar refusing to lose strength..this whole move with dollar is rediculious i have to say..when it was looking bullish there was no stregth and it looked like it was gonna collapse its strong as a mother..what to do
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  • #172,226
  • Dec 15, 2009 10:19am Dec 15, 2009 10:19am
Quoting kingfisher
dollar bulls are exhausted...eur/usd didnt fall much after PPI data..no overreaction.

It is time for euro bulls to take over and run it again to 1.47 to 1.49 to 1.51.
Opps. 35 pip fall in the past 30 minutes. If you're long and you're trading a timeframe less than the weeklys.......sorry and best of luck.

Xaron - you're certainly not an idiot...you've got a firmer grasp of fundies than most - and you're trading a much longer timeframe.
  • #172,227
  • Dec 15, 2009 10:21am Dec 15, 2009 10:21am
nAVIN2007 nothing ridiculus about this move. Once it broke the major tredline at mid 1.485 region this fall was expected. What is interesting is usualy at this time of the year dollar usually weakens but its not happening yet but I think it will happen tomorrow after FOMC meeting. I mentioned in my earlier posts that 1st two weeks we will see dollar strengthen a little and then weaken after that I will post that number in a second. But nothing ridiculus about this move. If we close out the week above 1.4626 then we are going mid 1.48 region in next coouple of weeks.
  • #172,228
  • Dec 15, 2009 10:21am Dec 15, 2009 10:21am
Quoting kingfisher
dollar bulls are exhausted...eur/usd didnt fall much after PPI data..no overreaction.

It is time for euro bulls to take over and run it again to 1.47 to 1.49 to 1.51.
but not up to 1.51 i think

1.4480/1.45 coulb be the start for that small bull and i saw 1.4850 is the ultimate target where EU may start drop back to 1.4150....my long term target was 1.3050

So if not going to that 1.4480/45 yes agreed we may see reversal from current area to test back to atleast 1.4710-1.4830/50..

Just my poor opinion
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  • #172,229
  • Dec 15, 2009 10:23am Dec 15, 2009 10:23am
I'll wait for tomorrow FOMC, If no Dollar Sell off, then I'd close

Long and catch this PIG lower for the all time low ride.
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  • #172,230
  • Dec 15, 2009 10:25am Dec 15, 2009 10:25am
Here you go Navin. Last post number are kinda squed but you will get my point. Garshid

170661
210068
168767
  • #172,231
  • Dec 15, 2009 10:25am Dec 15, 2009 10:25am
Quoting nAVIN2007
interesting thing is euro weakness hit a brick wall..but dollar refusing to lose strength..this whole move with dollar is rediculious i have to say..when it was looking bullish there was no stregth and it looked like it was gonna collapse its strong as a mother..what to do
I do not KNOW this, but it is my suspicion that a big part of this move is due to some book squaring and profit taking in front of the new year. There has been some news to justify a little dollar strength... but this is way out of proportion to any fundamental changes that have occured. Once books are closed on the year, I suspect we will resume a slow march north agian.... but know one knows if it will be from this level or somewhere lower.

Regards,
  • #172,232
  • Dec 15, 2009 10:26am Dec 15, 2009 10:26am
Quoting vinesh2
nAVIN2007 nothing ridiculus about this move. Once it broke the major tredline at mid 1.485 region this fall was expected. What is interesting is usualy at this time of the year dollar usually weakens but its not happening yet but I think it will happen tomorrow after FOMC meeting. I mentioned in my earlier posts that 1st two weeks we will see dollar strengthen a little and then weaken after that I will post that number in a second. But nothing ridiculus about this move. If we close out the week above 1.4626 then we are going...


  • #172,233
  • Dec 15, 2009 10:28am Dec 15, 2009 10:28am
That's what we have right now:
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  • #172,234
  • Dec 15, 2009 10:33am Dec 15, 2009 10:33am
No risk any more , just close the button at 1.4513 & one click close all shorts ( huge short collection over 20) from 1.4656 and below .will take next as per market do, just a conservative treatment .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #172,235
  • Dec 15, 2009 10:34am Dec 15, 2009 10:34am
Market has 'bipolar disorder'. It overreacts.

Dollar bears will be hoping once again market overreacts after FOMC annoucement.
  • #172,236
  • Dec 15, 2009 10:35am Dec 15, 2009 10:35am
Quoting fontu
No risk any more , just close the button at 1.4513 & one click close shorts fro. 1.4656 and below .will take next as per market do, just a conservative treatment .
fontu
I've locked in some profit too. Zero risk on all shorts, some from 5100 level. Let's see if we can get this thing below 4474. Interesting ride will likely commence afterward.
  • #172,237
  • Edited 10:48am Dec 15, 2009 10:38am | Edited 10:48am
Quoting vinesh2
nAVIN2007 nothing ridiculus about this move. Once it broke the major tredline at mid 1.485 region this fall was expected. What is interesting is usualy at this time of the year dollar usually weakens but its not happening yet but I think it will happen tomorrow after FOMC meeting. I mentioned in my earlier posts that 1st two weeks we will see dollar strengthen a little and then weaken after that I will post that number in a second. But nothing ridiculus about this move. If we close out the week above 1.4626 then we are going mid 1.48...
my friend im not taking about the fall when the trendline broke that was obvious, im taking about when it was at 1.50 area and went above..the very top was rediculious place to try and catch..i think it had some confluence with a fib but ..not really resistance as such..i planned to short it month in advance due to weekly engulf formations, which it broke technically those level show have held..

look at the monthly candle that closed..it was very bullish..

this move was impossible to catch without gambling on position..price was manipulated like crazy
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  • #172,238
  • Dec 15, 2009 10:44am Dec 15, 2009 10:44am
shorting right here @1.4520, target 1.4200, it is ready for break down and eur 'longs' margin calls
  • #172,239
  • Dec 15, 2009 10:44am Dec 15, 2009 10:44am
END of the YEAR cause all of this, I'm pretty sure.

Big boys counting money closing profit positions.

It's all other story after New Year, Dog will resume his hunt for all time low.
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  • #172,240
  • Dec 15, 2009 10:47am Dec 15, 2009 10:47am
Quoting kingfisher
Market has 'bipolar disorder'. It overreacts.

Dollar bears will be hoping once again market overreacts after FOMC annoucement.
Breach of the 4H downward trendline around 4622 will be required to make it stick. Anything less than that is noise and retracement in what is currently a downtrend. And as I'm typing this...looks like we're going to see an assault on 4500.
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