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  • #188,081
  • Feb 1, 2010 5:57pm Feb 1, 2010 5:57pm
Quoting Rednose
It looks to me as price is testing this line to go further up.
H4 charts showing prices not really moving higher than the 61.8% fibo.. Still working on more analysis before confirming my direction
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  • #188,082
  • Feb 1, 2010 5:59pm Feb 1, 2010 5:59pm
Marked with the three circles. Drawn at the weekly zoomed in to lower tf.
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  • #188,083
  • Feb 1, 2010 5:59pm Feb 1, 2010 5:59pm
Quoting jaylovin
H4 charts showing prices not really moving higher than the 61.8% fibo.. Still working on more analysis before confirming my direction
Thatīs why I said "looks like..."
  • #188,084
  • Feb 1, 2010 6:01pm Feb 1, 2010 6:01pm
Quoting Rednose
Thatīs why I said "looks like..."
Donīt understand me wrong please, Iīm still bearish, but waiting...
  • #188,085
  • Feb 1, 2010 6:02pm Feb 1, 2010 6:02pm
Quoting SkyzerFX
"continuation of this downtrend" It's over dude, forget about it.

Just look DOW, if it drops below 10000 still , then it's

probably possible, otherwise Dollar is toast from here. Downtrend my A$$.

Stories changing on the fly:

"2312 GMT [Dow Jones] EUR, AUD likely to strengthen vs USD and JPY in Asia as much stronger-than-expected U.S. ISM data overnight
fuel risk appetite, though such sentiment won't last for long, says Tokyo Forex and Ueda Harlow senior dealer Masanobu Ishikawa.
"Risk appetite is better today, but such sentiment...
Let me get this straight....you're STILL trying to call a bottom to the freefall of the EURO? Good news is, one of these times you will be right. I just hope for your sake it's not 500 pips lower from here....
  • #188,086
  • Feb 1, 2010 6:04pm Feb 1, 2010 6:04pm
i expect its abc correction to the upside before the last leg to the downside we ll have to wait and see what happens when we get wave a up
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  • #188,087
  • Feb 1, 2010 6:04pm Feb 1, 2010 6:04pm
Quoting SkyzerFX
For what reason? Just look DOW, if it drops below 10000 still , then it's

probably possible, otherwise Dollar is toast from here. Downtrend my A$$.

Thats what I see when I look at my charts, thats why. Between looking at TLs, S/R levels, and my MAs it just seems logical.

Regarding US equities I think a drop below Dow 10k is very possibly and could occur anytime this week, again I'm basing this off my analysis, and wouldn't be surprised if we see Dow test 200 MA within the coming weeks/months.

I'm not really interested in sticking with opinions on the market though (seems like you've been a $$ bear for quite awhile), my opinions and positions change with what I see, I'm more than happy being wrong and getting out of a losing trade if I can get into a profitable one. I'd say good luck with your long, but since my last post I opened a small short and since this is a zero sum game we can't all win.
This is what awesome feels like
  • #188,088
  • Feb 1, 2010 6:05pm Feb 1, 2010 6:05pm
Quoting Rednose
Marked with the three circles. Drawn at the weekly zoomed in to lower tf.
aha... my apologies
  • #188,089
  • Feb 1, 2010 6:08pm Feb 1, 2010 6:08pm
Quoting jaylovin
aha... my apologies
No problem at all.
  • #188,090
  • Feb 1, 2010 6:09pm Feb 1, 2010 6:09pm
Quoting PriceVolume
you're STILL trying to call a bottom to the freefall of the EURO?
Free fall of the EUR? In few days it's going to change to Free fall of the Dollar

if Equity Market hold on to these levels.. I'm not placing Stop loss here

will add from here in few days we going to shoot up at least 100-200 pips,

it's due and it's coming. Dow positive tomorrow means EU over 1.40 at least.

DOW plunge canceled = Dollar back to it's doghouse.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #188,091
  • Feb 1, 2010 6:11pm Feb 1, 2010 6:11pm
Looks like there is about to happen retrace in gold and commodity currencies which rallied against usd today (audusd/usdcad).

Usd is getting stronger across the board.
I see more downside than upside coming...
They think they are smarter than I am.
  • #188,092
  • Feb 1, 2010 6:14pm Feb 1, 2010 6:14pm
Quoting SkyzerFX

Dow positive tomorrow means EU over 1.40 at least.
Is the inverse Dow-E/U correlation still valid? Is the euro still a viable "risk-on" vehicle? I have become agnostic about the whole thing. Hasn't hurt my trading any.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #188,093
  • Feb 1, 2010 6:15pm Feb 1, 2010 6:15pm
Quoting Z3iz3i
Usd is getting stronger across the board.
Which board is this???

Current relative strenght

USD 2.8

EUR 5.6

GBP 7.3

CHF 4.7

CAD 9.0

AUD 3.5

JPY 4.3


=

USD weakest on the board right now, just turned to 1.8
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #188,094
  • Feb 1, 2010 6:18pm Feb 1, 2010 6:18pm
Guys,

can i ask you something?

just make sure that EU doesn't go above 1.3935, ok?

when you come over to Portugal i pay each one of you a Super-Bock for this trouble.

thanks.

really appreciated it!
dreams do come true.
  • #188,095
  • Feb 1, 2010 6:18pm Feb 1, 2010 6:18pm
Quoting SkyzerFX
Which board is this???

Current relative strenght

USD 2.8

EUR 5.6

GBP 7.3

CHF 4.7

CAD 9.0

AUD 3.5

JPY 4.3


=

USD weakest on the board right now, just turned to 1.8
You must be on IBFX. FXDD shows 5.7 USD
  • #188,096
  • Feb 1, 2010 6:19pm Feb 1, 2010 6:19pm
Quoting SkyzerFX
USD weakest on the board right now, just turned to 1.8
You are contradicting yourself. 'Weakest on the board' is exactly why it's a buy. You never buy at the top, but you already knew that right
  • #188,097
  • Feb 1, 2010 6:19pm Feb 1, 2010 6:19pm
Quoting The Fool
Is the inverse Dow-E/U correlation still valid?
If you short here is the some news for you:

"0009 GMT [Dow Jones] EUR rose overnight, but climb may not last as investors unwilling to buy pair ahead of Wednesday's
release of opinion paper from European committee about Greece's fiscal reform plans, says RBS strategist Akane Uchida.
Tips EUR/USD to resume falling soon. "We believe there is still downside risk in the euro because its adequate level is 1.30,
if you consider European CPI, purchasing power, productivity as well as current account." Last 1.3919.(TMO)
"
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #188,098
  • Feb 1, 2010 6:21pm Feb 1, 2010 6:21pm
Quoting The Fool
Is the inverse Dow-E/U correlation still valid? Is the euro still a viable "risk-on" vehicle? I have become agnostic about the whole thing. Hasn't hurt my trading any.
this is for this guy...dont be a one trick pony. DOuu-yoroow correlation does not always work in one way. If douu is +ve tomorrow that may also means peeps selling euro and buying us stocks? You need USD to by US assets, no?


Originally Posted by SkyzerFX http://cdn.forexfactory.com/images/buttons/viewpost.gif

Dow positive tomorrow means EU over 1.40 at least.
Its all in the mind.
  • #188,099
  • Feb 1, 2010 6:23pm Feb 1, 2010 6:23pm
Quoting wannaberich
Guys,

can i ask you something?

just make sure that EU doesn't go above 1.3935, ok?

when you come over to Portugal i pay each one of you a Super-Bock for this trouble.

thanks.

really appreciated it!
Durma bem.
  • #188,100
  • Feb 1, 2010 6:24pm Feb 1, 2010 6:24pm
Quoting 2+2=4ex
You are contradicting yourself. 'Weakest on the board' is exactly why it's a buy. You never buy at the top, but you already knew that right
Yeah, I'm placing more Limited Buys on EU, and will go catch some sleep..

It's safe any direction now until Wednesday. ECB decision on Greece.

I'm just betting on the rise of EU that's all.
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