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  • #222,141
  • Apr 8, 2010 5:15am Apr 8, 2010 5:15am
Quoting gatorinla
commodities going up only means whatever you use to purchase them is going down. comparible
Commodities have been climbing when GBP was up, when EUR was up, now USD is going and commodities are still going up.
Prices oscillate, trends persist. Trend is your friend.
  • #222,142
  • Apr 8, 2010 5:21am Apr 8, 2010 5:21am
This is another reason why I am not going to buy any euros...

Cost of insuring Greek debt soars to new record
http://www.marketwatch.com/story/cos...ord-2010-04-08
  • #222,143
  • Apr 8, 2010 5:33am Apr 8, 2010 5:33am
EURO-DOLLAR: Recovery off European morning lows of $1.3282 extends
recovery to $1.3315, as traders pare back short positions ahead of the
US open. Offers remain in place at $1.3320/25, a break to open a move
back toward $1.3340/50. Bids remain toward $1.3280, more at $1.3275 with
stops noted under $1.3270.

FX: Option expiries for today's 1400GMT cut,
* Euro-dollar; $1.3250, $1.3300, $1.3400
* Dollar-yen; Y92.00, Y93.00, Y93.25, Y93.75, Y94.05, Y94.40
* Euro-yen; Y124.00
* Cable; $1.5200
* Aussie; $0.9235, $0.9200
* Aussie-Kiwi; NZ$1.3050

Provided by: Market News International
Trade on your own risk Plan your trade&trade your plan dont be a
  • #222,144
  • Apr 8, 2010 5:33am Apr 8, 2010 5:33am
Price in the resistance zone 1.3315-20....i want a bounce off it for new lows....Trichet helps us!
COT: The precious data ignored
  • #222,145
  • Apr 8, 2010 5:34am Apr 8, 2010 5:34am
Quoting jsspmk
Do you know about this costly mistake? ECB knows commodities are going up soon, so why sell now? Check out the article from 2007.

http://www.timesonline.co.uk/tol/new...cle1654931.ece
how much has usd % wise improved over euro since nov. then add the % oil/grain has increased.(total double diget %).. all this will raise cost in europe. to fight inflation ecb has to by mandate increase interest rates (unless they change the rules)
raising euro interest rates makes euro more expencive, this lessons demand for ez products, so it lessons euro demand
(less demand weakens euro) if they raise rates with 10% unemployment what do you think happens to unemployment?

if they change the rules and let inflation increase it weakens euro. it also has a affect on world perception of the currency. controlling inflation is was the selling point of the euro.

hey and if they do nothing usd is up as well as oil.. so all cost will rise in ez eventually.. all those struggling countries cost, will rise with oil ect. each tick of the usd rising cost greece more. some of those secret deals are paid in usd. you got the other piigs too... add in france ... they dont make the news but they are in the same boat.

its a big cluster phuck
those who can, do. those who cant, talk about those who can
  • #222,146
  • Apr 8, 2010 5:37am Apr 8, 2010 5:37am
Quoting jsspmk
Commodities have been climbing when GBP was up, when EUR was up, now USD is going and commodities are still going up.
ok.. it just means they all suck..who sucks the least?
those who can, do. those who cant, talk about those who can
  • #222,147
  • Apr 8, 2010 5:38am Apr 8, 2010 5:38am
20% of my account on longs now...., im crazy but i think is a 80% chance of having it. eurcad is better opportunity. What an opportunity!!!. We need that eur up so we can add more shorts, people are not interested on adding shorts at this level. Also, we have a double bottom on eurusd. eurcad is exhausted and cad was on parity yesterday looking for retracement.
  • #222,148
  • Apr 8, 2010 5:39am Apr 8, 2010 5:39am
Quoting kuroro001
Price in the resistance zone 1.3315-20....i want a bounce off it for new lows....Trichet helps us!

no bounce men, long for the rest of the week now, be careful to short this low. Lets wait until we have bull exhaustion
  • #222,149
  • Apr 8, 2010 5:41am Apr 8, 2010 5:41am
Quoting Azinvg
20% of my account on longs now...., im crazy but i think is a 80% chance of having it. eurcad is better opportunity. What an opportunity!!!. We need that eur up so we can add more shorts, people are not interested on adding shorts at this level. Also, we have a double bottom on eurusd. eurcad is exhausted and cad was on parity yesterday looking for retracement.

not bad trading ideas, but 20% of account? well good luck...but I agree if the euro has to fall there must be first spike up...
  • #222,150
  • Apr 8, 2010 5:42am Apr 8, 2010 5:42am
1.3333-1.3347 is a extremely important zobe, i have three TL Crossing there. If PA gets passed that, we are on a long run. But if shorts wants to make a new low, thats a good opportunity to retrace.
  • #222,151
  • Apr 8, 2010 5:43am Apr 8, 2010 5:43am
not confident to short this
  • #222,152
  • Apr 8, 2010 5:44am Apr 8, 2010 5:44am
Quoting Azinvg
no bounce men, long for the rest of the week now, be careful to short this low. Lets wait until we have bull exhaustion

Yes i don't take a short on such low prices .... and i'm long on eurcad with stops at BE already
COT: The precious data ignored
  • #222,153
  • Apr 8, 2010 5:45am Apr 8, 2010 5:45am
Quoting scurt
not bad trading ideas, but 20% of account? well good luck...but I agree if the euro has to fall there must be first spike up...
3% on eurusd

15% on eurcad, long term and i was hedging.
  • #222,154
  • Apr 8, 2010 5:45am Apr 8, 2010 5:45am
take it easy folks - a lot of news ahead.
  • #222,155
  • Apr 8, 2010 5:47am Apr 8, 2010 5:47am
Quoting gatorinla
ok.. it just means they all suck..who sucks the least?
Could be this, could be that. What matters is which data causes major trend break.
Prices oscillate, trends persist. Trend is your friend.
  • #222,156
  • Apr 8, 2010 5:50am Apr 8, 2010 5:50am
be careful.. looks like we move lower again soon
those who can, do. those who cant, talk about those who can
  • #222,157
  • Apr 8, 2010 5:50am Apr 8, 2010 5:50am
Quoting T.E.Lawrence
I was joking.

Attachment
LOL.
I had come across his comments after browsing something on youtube. Out of curiosity I had a look at his track record and found this: "Based on subsequent stock market performance and our judgments about his forecasts for overall U.S. stock market direction, Marc Faber has been right about 50% of the time, about average. His forecast sample size is moderate, as is our confidence in this conclusion."
  • #222,158
  • Apr 8, 2010 5:51am Apr 8, 2010 5:51am
Quoting jsspmk
Could be this, could be that. What matters is which data causes major trend break.
the trend is down..and atr is going up..so if you get caught on the wrong side.. you may not recover. without m/m
those who can, do. those who cant, talk about those who can
  • #222,159
  • Apr 8, 2010 5:54am Apr 8, 2010 5:54am
Quoting gatorinla
be careful.. looks like we move lower again soon
gbp also, to a lesser degree
those who can, do. those who cant, talk about those who can
  • #222,160
  • Apr 8, 2010 6:02am Apr 8, 2010 6:02am
Quoting T.E.Lawrence
GBP:

is history going to repeat itself ?

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At least for now everything's going pretty well - compare the charts:

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