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  • #185,341
  • Jan 27, 2010 5:35am Jan 27, 2010 5:35am
Quoting maurofx
Yes EG=EU/GU. I got that one, but here is my doubt: Bad data for Pound should make pound less stronger in any pair. Instead of that, cable remains intact and EUR/GBP benefits of bad GBP data and the loser in the hole equation is the dollar wich finally losses ground against EURO.
Why ot happens like that and not Cable dropping, EG rising and EU intact?
I know it's a matter of rates of movement but I can't understand why USD is the loser of the situation when GBP should be the one most affected.
Hope I made myself clear guys!
Don't try to apply theories based on news. even if they are right, usually before this comes true they throw out most of traders. The markets have never been a serious thing ..

but now back to the market :
well, let's say that we have from this moment on a few hours in which the market will behave like a horse without a bridle.
at this time the levels to keep eye on are:
USDCHF 447-443-433
EURUSD 4100 - 4081-4043
EURGBP 8708-8699-8677-8666
The best thing that can happen to you is to find out where you're wrong.
  • #185,342
  • Jan 27, 2010 5:35am Jan 27, 2010 5:35am
Another thing i noticed from last weeks trading is:
If you buy 20 bln on E/U that will created 100 pip move up. that happened right after Obama speech on banks last week.

Other observation that I have made that can explain some of these unexpected reversal is:
The professional traders/corporate traders, etc.(big players) like to set up their shorts or longs. Lets say the trend is down, then it reverses and erases the whole advance of down trend, then starts going down again.
THis means that they took their profit, then opened long for another 100 pips, got out that long, and went short again, because thats the original trend.
You can find so many of these on charts.

No. American FX opens in 15 minutes
  • #185,343
  • Jan 27, 2010 5:52am Jan 27, 2010 5:52am
I got 2 different reports on US stocks futures, one says they in red and the other in green. WHo to trust? No one is my answer
  • #185,344
  • Jan 27, 2010 5:56am Jan 27, 2010 5:56am
What do u think of the hammer forming on 4H chart?
  • #185,345
  • Jan 27, 2010 6:08am Jan 27, 2010 6:08am
I hope it does, I have no idea why this up trend didn't stay in a swinging 15m. Instead it's going up even more on what grounds I have no idea, especially with bad news out of Portugal, which should of meant weakness for EURO, but it did the opposite i'm still holding on to my short to see what happens, anyway i'm in a 1:100 trade at the moment anyway. i don't do high leverage trades at uncertain moments
  • #185,346
  • Jan 27, 2010 6:15am Jan 27, 2010 6:15am
Quoting Matt99
What do u think of the hammer forming on 4H chart?
you prayers might be answered by US LIFE.
  • #185,347
  • Jan 27, 2010 6:20am Jan 27, 2010 6:20am
Quoting kilalik
you prayers might be answered by US LIFE.
Weird... I am using forexyard...last candle was a hammer but not in metatrader...
  • #185,348
  • Jan 27, 2010 6:20am Jan 27, 2010 6:20am
MOre bad news on Greece, lets see if that helps out the dollar.
  • #185,349
  • Jan 27, 2010 6:23am Jan 27, 2010 6:23am
Quoting kilalik
MOre bad news on Greece, lets see if that helps out the dollar.
Even more debts?
  • #185,350
  • Jan 27, 2010 6:24am Jan 27, 2010 6:24am
Quoting Matt99
Even more debts?
They're trying to loan mone from China.
  • #185,351
  • Jan 27, 2010 6:24am Jan 27, 2010 6:24am
Quoting Matt99
Even more debts?
News message h3 { font-size:14px; } p { font-size:12px; } [EUROGROUP HEAD JUNCKER] repeats that a bail-out for [GREECE] is not something he envisages, as the risk of default is simply not there.
  • #185,352
  • Jan 27, 2010 6:26am Jan 27, 2010 6:26am
Quoting kilalik
MOre bad news on Greece, lets see if that helps out the dollar.
Kilalik,

Where did you read it? What I've got is not bad for EUR:

- Risk of bankruptcy does not exist in Greece
- Greece leaving euro zone is absurd idea
- EU approve Greek consolidation efforts known so far
- Greece knows it must make serious efforts on finances. Is making serious efforts
- Following Greek situation with “intensity”
- Does not subscribe to hypothesis where it would be necessary to bail out Greece

http://www.forexlive.com/80328/all/e...ight-direction

GT
  • #185,353
  • Jan 27, 2010 6:27am Jan 27, 2010 6:27am
Quoting Mr Hatch
They're trying to loan mone from China.
Ok ,thats is bad for euro and good for china?
  • #185,354
  • Jan 27, 2010 6:28am Jan 27, 2010 6:28am
Quoting kilalik
News message h3 { font-size:14px; } p { font-size:12px; } [EUROGROUP HEAD JUNCKER] repeats that a bail-out for [GREECE] is not something he envisages, as the risk of default is simply not there.
They have to take of their own mess ,i guess...
  • #185,355
  • Jan 27, 2010 6:28am Jan 27, 2010 6:28am
News message h3 { font-size:14px; } p { font-size:12px; } Another answer to why GBP's data had no effect



Despite a poor CBI an hour or so ago, the [POUND] continues to show broad strength. Following yest's disappointing 0.1% q/q Q4 GDP survey, it looks unlikely that fundamentals are driving the one cent plus gains to a 1.6244 best so far. Contacts talk of possible M&A positive flows/speculation as well as repeat Gbp buying from an oil company for dividend purposes as main drivers. The latter flow is said to be an ongoing interest over 3 or 4 days. Next pivots are 1.6240/50 and 0.8650 in Eur/Gbp. Stops on a break, which will have plenty talking range break, but in a fickle market caution sill looks best.
  • #185,356
  • Jan 27, 2010 6:39am Jan 27, 2010 6:39am
Nice bear flag in M15, hope it works.
  • #185,357
  • Jan 27, 2010 6:46am Jan 27, 2010 6:46am
Quoting maurofx
Nice bear flag in M15, hope it works.
It's always a good sign for the dollar to start gaining strength before 8 am EST.
  • #185,358
  • Jan 27, 2010 6:47am Jan 27, 2010 6:47am
Quoting Matt99
Ok ,thats is bad for euro and good for china?
In the longer term, yes. Obviously Europe isn't able/doesn't want to help those countries, which were forced to participate in this disastrous undertaking of abolishing all national currency in favour of the euro. So, if China will help Greece with a loan, there will be payday one day...
  • #185,359
  • Jan 27, 2010 6:51am Jan 27, 2010 6:51am
A/U is dropping, which means good for USD for now, i'm back in green on this on again, hope it stays that way, and E/U to follow suite... Keeping fingers crossed
  • #185,360
  • Jan 27, 2010 6:51am Jan 27, 2010 6:51am
seems like bulls are gaining strength but on the other hand seems like they don't want to buy above 1.4085!

lot's of indecision... or those wicks mean break real soon?

hapipipin
dreams do come true.
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