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  • #191,121
  • Feb 5, 2010 4:26pm Feb 5, 2010 4:26pm
I believe it will retest the Friday low on the Daily chart before it even thinks about a retrace. If it doesn't go back down there to retest, I think it will go sideways a bit then resume the selloff and crash right down through it by mid next week - if not before.
Quoting malcolmb14
may be just may be

bear flag starts off 100 fib exoansion level .. reatrcement mode to 1.3986

just got to see how monday plays out but if the close of today holds in Asia Sunday i am taking a long .....for 1st 2 days of next week

close fails then of course i will be selling

after 2nd thoughts maybe not as high as 1.3986 ....

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  • #191,122
  • Feb 5, 2010 4:29pm Feb 5, 2010 4:29pm
Quoting TheGabriel
I mean trade EurUsd, not the rally , I don't pick bottoms here too bro. I'm 100% bearish at the moment.
me too, and the dow, broke 10,000 , i dont care about the close - it'll just make next week easier hold below

good weekend to all
  • #191,123
  • Feb 5, 2010 4:52pm Feb 5, 2010 4:52pm
Quoting Leche Mocha
I believe it will retest the Friday low on the Daily chart before it even thinks about a retrace. If it doesn't go back down there to retest, I think it will go sideways a bit then resume the selloff and crash right down through it by mid next week - if not before.
i am perma bear but the way we got those buyersi n gold off 1050 and gold moved $20 on a Friday afternoon , something does not smell right

also ES has an awesome pin day and dj after dipping 200 points eneded where it started.

Next week could be interesting indeed
Blogging daily now at www.volume.zone
  • #191,124
  • Feb 5, 2010 5:42pm Feb 5, 2010 5:42pm
Quoting Clouds
Gold is going to have stiff resistance at 1075.
10$ off today levels? It's going to go through without problems. Nothing works

1 way. What comes up must come down. It's not even correction on the

DOW, just usual Friday. People will get back in Stocks on Monday.

EU shorts have enough, time to go back closer to 1.40 first.

I'm not jumping on the train right away. When I got trend reversal I'll take it,

though my hands get itchy when I see crazy JPY that high. Just another

candidate for about 4000 pips one way non-stop, when time is right.
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  • #191,125
  • Feb 5, 2010 8:52pm Feb 5, 2010 8:52pm
Anybody know anything about this baliout rumore or is just Bloomberg speculation?
http://www.bloomberg.com/apps/news?p...q.BBSMdc&pos=1
  • #191,126
  • Feb 5, 2010 9:44pm Feb 5, 2010 9:44pm
Quoting wwwin
Anybody know anything about this baliout rumore or is just Bloomberg speculation?
http://www.bloomberg.com/apps/news?p...q.BBSMdc&pos=1

http://ca.reuters.com/article/topNew...6144XX20100206

"European Central Bank President Jean-Claude Trichet denied speculation in financial markets that the ECB might hold emergency discussions this weekend over the crisis."
  • #191,127
  • Feb 5, 2010 9:58pm Feb 5, 2010 9:58pm
Pls advice regards the eurousa, look like is going up trend.
So when is best to enter buy.
Gold also.
  • #191,128
  • Feb 5, 2010 10:15pm Feb 5, 2010 10:15pm
Quoting Clouds
http://ca.reuters.com/article/topNew...6144XX20100206

"European Central Bank President Jean-Claude Trichet denied speculation in financial markets that the ECB might hold emergency discussions this weekend over the crisis."
And he is absolutely right, if that were to be true, DJ wouldn't be around 10k again.

Once again, there's little to no relation between Euro value (~1.36 at the moment) with those PIGS countries.

Fair value of Euro is around 1.33-1.38, above that exports are really hurt, below that salaries start to feel the loss of buying power.

I just want to add that anyone willing to coment should really be informed how this works...

Markets are driven by sentiment, a product of the overall confidence of traders and their purchasing power determines the direction. The problem is that not everyone plays by "the rules" in the free market, specially when you don't allow your currency to float, but that has to end.

When that time comes, some assets will be "toxic" to those countries and too big to dump easely, these countries that relied on this type of monetary policy may find themselves in a dead end. But for the global interest, every other country will "help and find a peacefull and steady transition" from one model to another.

When new grounds are being plowed, no one has the experience to tell you how to do it. Globalization has added a whole new lot of facts that must be taken into account, that are not included in classic economic theories. This "speed" factor plays a major role nowadays.
For now, in this transition phase, being in, and in the right direction is pretty ok. But after 2005, we may start to see a repetitive pattern, at least until when of the major players has to change (will need to) it's policy.

No one is ok, the trick is to REALLY know who is better, Asia, EU, UK, US, AU, JP.. until 2012 I think that's the business we'll have.

Take all of this with a small grain of salt, but these fundamentals always play in the market, sooner or later.
Traders are smartasses
  • #191,129
  • Feb 5, 2010 10:31pm Feb 5, 2010 10:31pm
Quoting Spsantos
And he is absolutely right, i....................these fundamentals always play in the market, sooner or later.


................... They tell meUSD down as we progress into 2010. It will remain volatile though.
The Thief of Wall Street
  • #191,130
  • Feb 5, 2010 11:18pm Feb 5, 2010 11:18pm
Quoting wwwin
Anybody know anything about this baliout rumore or is just Bloomberg speculation?
http://www.bloomberg.com/apps/news?p...q.BBSMdc&pos=1

this is what I thought ... knew something did nopt mseel right at end of day there abd here it is ...

euro futures massive buying on daily , above 1.3730 go long for a good ride up ...even if this rumopur does not happen there could be a 200 pip retrace
Blogging daily now at www.volume.zone
  • #191,131
  • Feb 5, 2010 11:28pm Feb 5, 2010 11:28pm
(“People are still very nervous about Spain, Portugal and Greece,” said David Rovelli, managing director of U.S. equity trading at Canaccord Adams Inc. in New York. “If one goes belly up and can’t raise money, it’s going to spread across Europe. It’s infectious." )

So this is the missing factor.

Thank you wwwin
  • #191,132
  • Feb 5, 2010 11:37pm Feb 5, 2010 11:37pm
Quoting Satni
(“People are still very nervous about Spain, Portugal and Greece,” said David Rovelli, managing director of U.S. equity trading at Canaccord Adams Inc. in New York. “If one goes belly up and can’t raise money, it’s going to spread across Europe. It’s infectious." )

So this is the missing factor.

Thank you wwwin
hell yes. crash is over! S&P, DOW daily candles look like reversal. Targeting 1.40.
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
  • #191,133
  • Feb 5, 2010 11:59pm Feb 5, 2010 11:59pm
Quoting fontu
closed with what got so far & set pending buys at lower levels, still may have the chance to activate & go. Gold should back below 1060 levels , eu from 1.3528.good night . Happy weekend.
Fontu
i am new trader. Pls advice me
  • #191,134
  • Feb 6, 2010 12:06am Feb 6, 2010 12:06am
Quoting malcolmb14
this is what I thought ... knew something did nopt mseel right at end of day there abd here it is ...

euro futures massive buying on daily , above 1.3730 go long for a good ride up ...even if this rumopur does not happen there could be a 200 pip retrace

hi malcolmb, i was wondering where you find futures data I cant seems to find it anywhere. thanks man
  • #191,135
  • Feb 6, 2010 12:38am Feb 6, 2010 12:38am
i heard there were sellers at these levels
......

1.3900, 1.3950, 1.3800, 1.3850, 1.3700, 1.3750, 1.3600, 1.3650, 1.3500, 1.3550, 1.3400, 1.3450, 1.3300, 1.3350
1.3200, 1.3250, 1.3100, 1.3150, 1.3000, 1.3050
  • #191,136
  • Feb 6, 2010 1:15am Feb 6, 2010 1:15am
Quoting malcolmb14
this is what I thought ... knew something did nopt mseel right at end of day there abd here it is ...

euro futures massive buying on daily , above 1.3730 go long for a good ride up ...even if this rumopur does not happen there could be a 200 pip retrace
hi i read some good commend about you.
pls advice me on eurus, i am very new. losing$$
hope you can help for me to recover & take profit.
  • #191,137
  • Feb 6, 2010 1:35am Feb 6, 2010 1:35am
Quoting Trader88
My entry strategy is to Enter at the High of the current swing at 1.3734.

Current market seems a bit volatile...

that telling nothing to others...

what kind of entry...

long...
short...

what targets...

what time projections...

???


leaving everyone in riddles...


Internet crap...

pure internet blathering...
  • #191,138
  • Feb 6, 2010 1:46am Feb 6, 2010 1:46am
Quoting malcolmb14
this is what I thought ... knew something did nopt mseel right at end of day there abd here it is ...

euro futures massive buying on daily , above 1.3730 go long for a good ride up ...even if this rumopur does not happen there could be a 200 pip retrace
Agree. 100%. Waiting for two part signal to take me on a supply test of 141-2 and technical SBR test at 1464.

Will be trading only EU for the next while until the USDX correlation happening across all markets dies down for a bit.

Thin red line was my expected price path - drawn on January 1 2010 - an orderly technical decline followed by inflationary rally.

Thick red lines shows my adjusted opinion had to adjust because this move down has not been orderly test/break of daily/weekly/monthly support. Volatility galore and a few price paths depending on how we get where we are going.
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  • #191,139
  • Feb 6, 2010 2:30am Feb 6, 2010 2:30am
Quoting gatorinla
done..

well done...

gut gemacht...


yours and the posts from fontu seems to be quite careful considered to me...


Gruß

Effpunkt
  • #191,140
  • Feb 6, 2010 2:36am Feb 6, 2010 2:36am
Quoting fontu
At the bottom of the channel ,will any bear continuation works , at least retest s2 again possible . but getting ready for bounce .
fontu
well done as well...


ebenso sehr gut gemacht - timing stimmt - timing fits fully to the market rythm...


yours and posts from gatorinla seems to be carefully considered to me...


Immer wieder gerne gelesen...
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