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  • #204,141
  • Mar 1, 2010 7:29am Mar 1, 2010 7:29am
There we go! Following purely political fundamentals the Cable went down significantly. The EURUSD can only follow. The bearish long term trend must be met and it attracts the trades.

I don't think that any macro US news today can give back 100 pips to the pair. Only NFP much later this week can change short term trends.

Right in this moment just a natural rebound.
  • #204,142
  • Mar 1, 2010 7:29am Mar 1, 2010 7:29am
EURO-DOLLAR: Trades back around $1.3528, after extending the base to
$1.3505, with earlier reports placing demand to $1.3500. A break below
this level to open a deeper move toward $1.3485/80 ahead of stronger
level at $1.3450. Resistance noted at $1.3530, stronger at $1.3540 ahead
of $1.3560.

Provided by: Market News International
Trade on your own risk Plan your trade&trade your plan dont be a
  • #204,143
  • Mar 1, 2010 7:30am Mar 1, 2010 7:30am
Quoting SkyzerFX
Like you didn't see all ups and downs on the chart? 1.40 not canceled just yet.

Every time is on the bottom FIBO line shorts get activated, at the TOP LONGS,

Mean while pair just walking between FIBO points.. Buy low, sell high.

I don't have any view over days...i'm trading from 5mn to 30mn-1h ....
and if i keep a trade 2 days it would be expectionnal like the 29th february

I'll concentrate on my own plan now...ignoring all analysis...well i'll listen to them but i won't ever get influenced anymore!
COT: The precious data ignored
  • #204,144
  • Mar 1, 2010 7:30am Mar 1, 2010 7:30am
Quoting PriceVolume
That "blue light special" short I took on Friday is paying off sooner than I thought. I think I'll hold on to that one for awhile. It's playing out that we test the lows.....
i got some of it.. but not as much as i wanted..
those who can, do. those who cant, talk about those who can
  • #204,145
  • Mar 1, 2010 7:31am Mar 1, 2010 7:31am
not too good nes according to bloomberg
  • #204,146
  • Mar 1, 2010 7:32am Mar 1, 2010 7:32am
Gold reacts to every weakness in USD
I think if we happen to get a bounce in eur/usd- gold will go nuts.

but i'm a gold bug so i am fully biased
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #204,147
  • Mar 1, 2010 7:33am Mar 1, 2010 7:33am
good numbers from Canada.
Right in time.
Canada 4Q GDP Growth Strongest Since 3Q 2000
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #204,148
  • Mar 1, 2010 7:34am Mar 1, 2010 7:34am
Quoting tonyo524
dow will be back down to the 10170 ish area, dragging the eu with it, or should i say s and p will be back to the 8400ish area dragging the EU with it.
All that is left in FF is just plain garbage. "Cloggie"
  • #204,149
  • Mar 1, 2010 7:39am Mar 1, 2010 7:39am
All actual pivots and resistances have shifted down for today. 1.3530 is a new resistance.

No aid to Greece to be factored into German 2010 budget. I said before that there was no clarity in the wording. Markets needed something stronger with more cerimony to prefer Euro to USD. The issue is back to Greek fiscal and financial institutions.

The current rebound is just stabilization from non purely profit driven institution. It is not to create panic or herding.
  • #204,150
  • Mar 1, 2010 7:40am Mar 1, 2010 7:40am
ok had some problems with my computer and wanted to have them solved on the weekend, but as usual those things drag a little. Anyways now all is good and trading can commence. This drop nearly 2hrs ago would have been a nice thing for my pockets and I could have got maybe 40pips out of it.
All doesnt matter had a tl on the dailyand hrly which broke downside (that was in that big move down) now € is testing new lows and I guess psych number 3500 will give some resistance. I am not bearish nor bullish atm as I see € still in the usual range 3685-3457.
I am still testing the supertrend indi of colin77 and must say it looks promising on 5min and 1min.
Anyways good luck trading,
T.Cat
Trade on your own risk Plan your trade&trade your plan dont be a
  • #204,151
  • Mar 1, 2010 7:40am Mar 1, 2010 7:40am
Quoting pipsimax
short eur/usd from 1.3612
closed @ 1.3522 + 90 pips
i'm out for today

Happy pippin all !
  • #204,152
  • Mar 1, 2010 7:44am Mar 1, 2010 7:44am
Quoting OrsoB
Markets needed something stronger with more cerimony to prefer Euro to USD.
And looks like EUR Zone want lower EUR in 1.20 area, that's why there

is no rush over Greece bailout, though with out it, Greece have about

1 month before default. We going to watch many defaults in coming 2-3

year period, that's where it's all going, so get used to it.
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  • #204,153
  • Mar 1, 2010 7:50am Mar 1, 2010 7:50am
Quoting SkyzerFX
And looks like EUR Zone want lower EUR in 1.20 area, that's why there

is no rush over Greece bailout, though with out it, Greece have about

1 month before default. We going to watch many defaults in coming 2-3

year period, that's where it's all going, so get used to it.
I'm taking that you may be new to currency trading. 1.20 area is still a strong euro. Take a look at your monthly, and go back to about 12 years ago. Now when the EU gets down to them 0.8 and 9 ish areas like in the Clinton days, that's what you call a strong dollar or should I say weak Euro.
All that is left in FF is just plain garbage. "Cloggie"
  • #204,154
  • Mar 1, 2010 7:50am Mar 1, 2010 7:50am
i think that we have to watch gold very closely,it ll be a v.good opportunity to make money ...
  • #204,155
  • Mar 1, 2010 7:55am Mar 1, 2010 7:55am
even if very good numbers came from Canada.
I think most of the part can be because the Olympics.
This may continue to q1 10. but if i see U/C trading near 1.04 i'm long.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #204,156
  • Mar 1, 2010 8:00am Mar 1, 2010 8:00am
Quoting tonyo524
Take a look at your monthly, and go back to about 12 years ago. Now when the EU gets down to them 0.8 and 9 ish areas like in the Clinton days, that's what you call a strong dollar or should I say weak Euro.
Tony thank you

Question. Does that long of a timeframe have significance in currencies?

Thanks
  • #204,157
  • Mar 1, 2010 8:04am Mar 1, 2010 8:04am
Quoting tonyo524
I'm taking that you may be new to currency trading. 1.20 area is still a strong euro. Take a look at your monthly, and go back to about 12 years ago. Now when the EU gets down to them 0.8 and 9 ish areas like in the Clinton days, that's what you call a strong dollar or should I say weak Euro.
and it will get down to 0.8 ....
Blogging daily now at www.volume.zone
  • #204,158
  • Mar 1, 2010 8:04am Mar 1, 2010 8:04am
Quoting tonyo524
I'm taking that you may be new to currency trading. 1.20 area is still a strong euro. Take a look at your monthly, and go back to about 12 years ago. Now when the EU gets down to them 0.8 and 9 ish areas like in the Clinton days, that's what you call a strong dollar or should I say weak Euro.
Strong is a relative term.. The Euro purchasing power target when introduced was around 1.17 to the USD.. I would not say 1.2 is "strong"..
  • #204,159
  • Mar 1, 2010 8:05am Mar 1, 2010 8:05am
Soro is selling off gpb like hotcakes so I heard.
It can go down a whole lot further. The British must be wondering the end of times are coming fast.. The Gpb is taking quite the beating..

Dean
  • #204,160
  • Mar 1, 2010 8:06am Mar 1, 2010 8:06am
Quoting malcolmb14
something is going on in eu

it is being accumulated or at ;east that is what it seems

massive volume , higher than 2008 lows .... could this be end wave 4 weekly ... back to 1.5000 we go . Greece bail out by someone.

Bears just be wary that is all I am saying. The volumes on treble dojis are massive .. highers than 2008 lows and way higher than volumes that caused the down move of 1500 pip

1.4100 ... or 1.5000 ... nor sure , but those volumes say something odd is going on

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