Based on the open of the euro this week I am bullish on it and bearish on the dollar for the early part of this week. I will be waiting till later in the week to attempt any shorts against the usd. Looking for a position to long both the aud and euro.
- #16,983
- Feb 21, 2010 5:37pm Feb 21, 2010 5:37pm
- Joined Apr 2009 | Status: RETIRED | 1,947 Posts
A/U
Real pros in this thread...
- #16,984
- Feb 21, 2010 6:00pm Feb 21, 2010 6:00pm
- | Joined Nov 2009 | Status: FUDGE | 2,229 Posts
What happened to "don't think, just short" on Friday after which we rose 80 odd pips?
Real pros in this thread...
- #16,986
- Feb 21, 2010 6:44pm Feb 21, 2010 6:44pm
- Joined Oct 2006 | Status: Trader | 7,219 Posts
I didn't say AUD was a screaming short. Sure, if the markets spike up 3% tomorrow, you may see mid 91s. But go and overlay SPX on the same chart with AU, and tell me where it possibly dared to divert. That is what I meant by cowardly.
As for the Fed, they can qualify their moves however they want, but the fact remains that this is another step in the hawkish direction. I wouldn't be surprised if they announced (at least considering) withdrawals of QE soon too. Hoenig and Plosser already seem on board with that.
Just to be clear on my side, I don't see a short at this time.
Nothing worth having is easy.
- #16,987
- Feb 21, 2010 6:45pm Feb 21, 2010 6:45pm
- Joined Apr 2008 | Status: Trader | 7,674 Posts
Oh, okay - so longs need luck but it's not a screaming short. That makes sense. Does that make you shlong?
Just to be clear on my side, I don't see a short at this time.
- #16,988
- Feb 21, 2010 6:46pm Feb 21, 2010 6:46pm
- Joined Oct 2006 | Status: Trader | 7,219 Posts
I see shorts in my sleep.
Nothing worth having is easy.
- #16,989
- Feb 21, 2010 6:53pm Feb 21, 2010 6:53pm
- Joined Apr 2008 | Status: Trader | 7,674 Posts
Stop trying to hypnotise me Clouds
- #16,990
- Feb 21, 2010 7:02pm Feb 21, 2010 7:02pm
- Joined Jul 2009 | Status: The Alchemist | 8,917 Posts
What happened to "don't think, just short" on Friday after which we rose 80 odd pips?
Real pros in this thread...
On fri- I wrote dont think just short ,right after fed raised dicount rate-look at the time of my post - the price went down 70 pips after I wrote that in 3 hours- you better look at your chart first -
for your information I banked 600 pips total before london open-
so do you expect me to stay short because I was short on Fri open?
- #16,991
- Feb 21, 2010 7:14pm Feb 21, 2010 7:14pm
- Joined Oct 2006 | Status: Trader | 7,219 Posts
lol.... - its just 9020 was previous resistance, i'm gonna exit at 8900 and re-enter at 8970. Then if it goes up to 9030, ill close and re-enter at 8980. anyway it just my current plan.
Nothing worth having is easy.
- #16,992
- Feb 21, 2010 7:17pm Feb 21, 2010 7:17pm
- Joined Oct 2006 | Status: Trader | 7,219 Posts
What happened to "don't think, just short" on Friday after which we rose 80 odd pips?
Real pros in this thread...
Nothing worth having is easy.
- #16,993
- Feb 21, 2010 7:21pm Feb 21, 2010 7:21pm
- Joined Apr 2008 | Status: Trader | 7,674 Posts
asfsd
- #16,994
- Feb 21, 2010 7:24pm Feb 21, 2010 7:24pm
- Joined Apr 2008 | Status: Trader | 7,674 Posts
Is that the only reason you are short? Because of resistance at 9020? I just can't see a reason to be short at the moment from my chart but I'm not a technical pro - lol. I guess that's what makes a market though. I'm not long A/U but long A/J and dreaming that the indices are going to hold up for a couple of days
- #16,999
- Feb 21, 2010 8:42pm Feb 21, 2010 8:42pm
- Joined Oct 2006 | Status: Trader | 7,219 Posts
i dont know about A/J, but SL needs be close for YEN pairs, cause those things can look like they are going up, then for no reason, they can crash
And before Sinner has a go at me, I reserve the right to change my mind and bias at a moment's notice. After all, this is forex
Nothing worth having is easy.
- #17,000
- Feb 21, 2010 8:45pm Feb 21, 2010 8:45pm
- Joined Apr 2008 | Status: Trader | 7,674 Posts
No probs, I'm not a BIG time trader, can't handle 5 standard lots on one currency at one price level - I like to spread lots of little trades over several accounts at several price levels otherwise it does funny things to my head.
And before Sinner has a go at me, I reserve the right to change my mind and bias at a moment's notice. After all, this is forex