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  • #173,101
  • Dec 16, 2009 9:38pm Dec 16, 2009 9:38pm
The move in Gold and silver during this euro down draft has been rather subdued...interesting, perhaps telling of shift to hard assets. I would have expected 1120 on gold, 1720 on silver - but they're holding up nicely...hmmm.
  • #173,102
  • Dec 16, 2009 9:39pm Dec 16, 2009 9:39pm
Quoting czango
this is a huge downtrend right now in euro usd , and usd is gaining strength ,
it should continue until 1,43 or 1,37 , will see , but for now all bulls are done .
A HUGE DOWNTREND. BANKS SELL TRENDS SO IT GOES DOWN .. EUR/USD PARITY? YEH?...

Forgive my sarcasum, but because you tossed a coin and got it right, it doesn't mean you need to spam this thread.

Finding a logical point to 're-enter' this "HUGE DOWNTREND OF USD GAINING STRENGTH" would be a good thing to do. Rather than screaming you are right.

And no, I was not long. I was short, 4 times. I just get sick of mindless banter.

To those that care, the current move could be because of a deal of a few commod companies getting blocked by Aus govt, which = they are dumping their euro reserves. It also has alot to do with the RBA Hinting a possible pause, whilst speculators thinking the US will raise rates prior to when they are forecasting. Word getting aruond is it could be as early as march?

Looks like an averaging of reserves to me to be honest.
  • #173,103
  • Dec 16, 2009 9:39pm Dec 16, 2009 9:39pm
Bingo. Targets met
1. http://www.forexfactory.com/showpost...postcount=3963

Time to ride the bull
Attached Image (click to enlarge)
Click to Enlarge Name: euh4.JPG Size: 75 KB
Thank You
  • #173,104
  • Dec 16, 2009 9:40pm Dec 16, 2009 9:40pm
Quoting OleMiss
I'm learning this lesson right now, terrible call on my part. I just don't see how we're blowing through support levels that have been in place for over 6 months.
#1- December
#2- Trendline breached (see chart)
#4- USD Index channel support (see chart)
#3- Favorable dollar news
Attached Image(s) (click to enlarge)
Click to Enlarge Name: w main chart - 12-16-2009.gif Size: 17 KB
Click to Enlarge Name: d main chart - 12-16-2009.gif Size: 17 KB
Click to Enlarge Name: usdx - w - 12-16-2009.gif Size: 12 KB
  • #173,105
  • Dec 16, 2009 9:40pm Dec 16, 2009 9:40pm
Quoting nahman
I think it definitely is
Just looking for a second or third opinion. Thanks.
All that is left in FF is just plain garbage. "Cloggie"
  • #173,106
  • Dec 16, 2009 9:41pm Dec 16, 2009 9:41pm
Quoting The Fool
Throw up a weekly chart that runs for 5 years and you can find a line of support/resistance on practically every tick. The more recent a support/resistance level is, the more valid.

This is just some year-end profit-taking & its not possible to really say when it will be done.

Scalping short, though, has been good.
I have a feeling all these down turn have something to do with year end. My first year end so not sure what to expect ....

THanks
{Promotion Removed}
  • #173,107
  • Dec 16, 2009 9:42pm Dec 16, 2009 9:42pm
I have my 1.4387 and 1.4433 longs for now, lost some with SL at 1.4483 and 1.4444 from 1.4509/13 and 1.4466.

The lost was controlled, but I do not like to lose. But I say when I lose.

I have some conflicting charts now, but after this move waiting to see 1.4700 again before new drops is too much luck I guess.

Let me see what to do with my longs.

I hope that traders know to accept and control the loses, even with today lost I am positive for the week.
  • #173,108
  • Dec 16, 2009 9:43pm Dec 16, 2009 9:43pm
Quoting tonyo524
Just looking for a second or third opinion. Thanks.
It should of been support, but right now everything is weak. It's DECEMBER. PA doesn't play by rules too much this time of year.
  • #173,109
  • Dec 16, 2009 9:44pm Dec 16, 2009 9:44pm
Quoting BoredToLoose

I hope that trades know to accept and control the loses, even with today lost I am positive for the week.
Hey way to be way to shoot way to score stud.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #173,110
  • Dec 16, 2009 9:45pm Dec 16, 2009 9:45pm
Quoting The Fool
Hey way to be way to shoot way to score stud.
There you go buddy. Win one for the Gipper. LOL.
  • #173,111
  • Dec 16, 2009 9:46pm Dec 16, 2009 9:46pm
Quoting czango
Didnt I say 43 95 , didnt , DIDTN , I DID , bow ahead in front of me .
because I was 100% right
Technically it went to 1.4388, LOL
  • #173,112
  • Dec 16, 2009 9:47pm Dec 16, 2009 9:47pm
Not quite getting up to 4420's, getting ansy here.
  • #173,113
  • Dec 16, 2009 9:47pm Dec 16, 2009 9:47pm
just to settle matters straight , I am no dollar bull , i honestly expect euro to be stronger than dollar in long term , but the market shows only what is going on right now , and that is US buck showing strengtht at this moment.

hola and good trading
  • #173,114
  • Dec 16, 2009 9:48pm Dec 16, 2009 9:48pm
Quoting gatorinla
do not enter short now wait for pullback.. pick a level above tag..clear enough
Yes, the trend has been pretty clear so far, it's just dropping down through to the next major support level and retracing to the previous swing low. Selling at the swing low has done well.
  • #173,115
  • Dec 16, 2009 9:48pm Dec 16, 2009 9:48pm
Quoting 2+2=4ex
#1- December
#2- Trendline breached (see chart)
#4- USD Index channel support (see chart)
#3- Favorable dollar news
Dear 2+2 is 4EX

I look at ur charting which u r setting. I think u r a good trader. Good 4 u. Have a9day.

Gday&Gtrade
I am Mr Market&Mr Trend - U following me?
  • #173,116
  • Dec 16, 2009 9:49pm Dec 16, 2009 9:49pm
Quoting 2+2=4ex
It should of been support, but right now everything is weak. It's DECEMBER. PA doesn't play by rules too much this time of year.

Im learning quite a bit being a lurker here so far.
But I have to ask about December and why PA doesnt work as much during
December?
  • #173,117
  • Dec 16, 2009 9:50pm Dec 16, 2009 9:50pm
[quote=ogunx;3311690]
Quoting Matt99
referring to ogunx post: I hasn't closed yet...at this moment it looks more like a doji. Upward movement after close?[/QUO

yess matt I think u are right hanging man is different then what we had yesterdays candle it is exactly doji !
oooops...it went downhill....
  • #173,118
  • Dec 16, 2009 9:53pm Dec 16, 2009 9:53pm
Quoting The Fool
Hey way to be way to shoot way to score stud.
I do not know what you just wrote, but looks good, at least sounds like it.
  • #173,119
  • Dec 16, 2009 9:54pm Dec 16, 2009 9:54pm
Quoting BoredToLoose
I do not know what you just wrote, but looks good, at least sounds like it.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #173,120
  • Dec 16, 2009 9:54pm Dec 16, 2009 9:54pm
Quoting tenet
Dear 2+2 is 4EX

I look at ur charting which u r setting. I think u r a good trader. Good 4 u. Have a9day.

Gday&Gtrade
Thank you. You too.
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