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EURUSD

  • #223,161
  • Apr 9, 2010 12:55pm Apr 9, 2010 12:55pm
This is weekly USD index. If it retraces to Support, then it represents a 1.9% move=EUR/USD to ~1.372, if however USD goes all the way to trend line it would represent a 6% move=EUR/USD to ~1.427

Longer term traders that are short will be reconsidering whether to keep short positions if EUR closes above 1.51, I will certainly be one of those as conditions are changing with today's price action so far.
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Prices oscillate, trends persist. Trend is your friend.
  • #223,162
  • Apr 9, 2010 1:17pm Apr 9, 2010 1:17pm
it only goes UP! squeeze to 1.36 again please.
(who cares about greece, downgrade, upgrade, emergency loan, it is over, old news, dead, done, finis)
go bulls
----- Dragonfly out in the sun you know what I mean, don't you know
  • #223,163
  • Apr 9, 2010 1:32pm Apr 9, 2010 1:32pm
Quoting sophiaphia
it only goes UP! squeeze to 1.36 again please.
(who cares about greece, downgrade, upgrade, emergency loan, it is over, old news, dead, done, finis)
go bulls
wishful thinking? wheres the debt go? if it gets paid (bail out) it hurts the backers that are in ez. if it dont get paid it hurts the ez banks.

either way reputation is hurt

lets not forget china's plan to raise currency value.

its just a matter of time.

theres not enough fingers to plug the holes.
those who can, do. those who cant, talk about those who can
  • #223,164
  • Apr 9, 2010 1:33pm Apr 9, 2010 1:33pm
Okay, back from my rest.

I guess, this is a very great opp. to short.

plus:

1. upw tl broken.
2. dw trend still intact.
3. weak shorts are squeezed out
4. bulls need rest
5. great risk free entry for smart money shorters.

negative:

1. hammer on d1, but if Monday drop below then it's not valid anymore
2. w formation could be in the cooking.
3. It can't always only go down. bigger dw tl is frequently tested.

We'll see how it goes today and then Monday. But guys, even if it breaks that big tl, that doesnt mean it goes up forever.
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Sometimes I lose. Sometimes the others win.
  • #223,165
  • Apr 9, 2010 1:39pm Apr 9, 2010 1:39pm
This chart shows a potential bottom for the Dollar, if this trend line holds.
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  • #223,166
  • Apr 9, 2010 1:41pm Apr 9, 2010 1:41pm
IMF + E/U: How much did you fukin say?

Greece: No... No... that was BILLION.
  • #223,167
  • Apr 9, 2010 1:45pm Apr 9, 2010 1:45pm
like I mentioned before, "profit taking" .... but problem is they still got a shitload to unload.
  • #223,168
  • Apr 9, 2010 1:49pm Apr 9, 2010 1:49pm
Quoting acidburn123
like I mentioned before, "profit taking" .... but problem is they still got a shitload to unload.
NY desks don't dump until after 3.

this is something on the wires.

m
  • #223,169
  • Apr 9, 2010 1:51pm Apr 9, 2010 1:51pm
Quoting acumen
NY desks don't dump until after 3.

this is something on the wires.

m
and what is on the wires , englighten me.
  • #223,170
  • Apr 9, 2010 1:54pm Apr 9, 2010 1:54pm
Some post tls with only one point confirmation. Is that funny or just wishful thinking? A tl needs minimum 2 points to lock it and 3 and more are only better. But one point is a big bs and no tl.
Sometimes I lose. Sometimes the others win.
  • #223,171
  • Apr 9, 2010 2:07pm Apr 9, 2010 2:07pm
Okay, I change my mind after locking in some pips. dw tl broken. This looks more bullish now.

Reentry down later or long on the other side of the big tl.
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Sometimes I lose. Sometimes the others win.
  • #223,172
  • Apr 9, 2010 2:09pm Apr 9, 2010 2:09pm
Quoting Buckscoder
Okay, I change my mind after locking in some pips. dw tl broken. This looks more bullish now.

Reentry down later or long on the other side of the big tl.
could be batmans r ear. bull wedge calasped.
those who can, do. those who cant, talk about those who can
  • #223,173
  • Apr 9, 2010 2:12pm Apr 9, 2010 2:12pm
Quoting Buckscoder
Some post tls with only one point confirmation. Is that funny or just wishful thinking?
I dunno, You referring to something in particular or just thinking out loud?
FUBAR...
  • #223,174
  • Apr 9, 2010 2:16pm Apr 9, 2010 2:16pm
Quoting acidburn123
and what is on the wires , englighten me.
looks like you were correct.

m
  • #223,175
  • Apr 9, 2010 2:20pm Apr 9, 2010 2:20pm
Daily is a typical reversal pattern .... coupled with vol it has a really high probably of making the price go really high in the next few weeks

Vol increased as we go down .... then hammer on higher vol ... and long candle (with higher vol ? we will see at the close)

First target is 1.3560...then 1.3760-1.3800 (if we clear 1.3600)

Can't wait to see next week...it will interesting
COT: The precious data ignored
  • #223,176
  • Apr 9, 2010 2:20pm Apr 9, 2010 2:20pm
Quoting gatorinla
could be batmans r ear. bull wedge calasped.
To be honest, I have no idea if that break the tl or not. I can just put my orders around later. That looks like more pressure now at that battle line. At least I save my rollover, lol. I should have locked in the 50 pips earlier, but I was too GREEDY, lol.

@ak4x: The latter one.
Sometimes I lose. Sometimes the others win.
  • #223,177
  • Apr 9, 2010 2:23pm Apr 9, 2010 2:23pm
well, well I'm going to short below 1.3480.. Dollar Index looks like

hit lower B band and now trying to reverse.. Low 1.34 perhaps?

DOW hit almost 11k, I think that's the target for those crooks for now..

61.8 Fib holds almost .. I wouldn't take any new trades now..

Since I'm short, you might want to go Long *LoL*
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #223,178
  • Apr 9, 2010 2:25pm Apr 9, 2010 2:25pm
Now preparing to short the market on close of play today. Reason: relatively good probability 50 pip drop expected on market open. Not often I have this opportunity.
  • #223,179
  • Apr 9, 2010 2:27pm Apr 9, 2010 2:27pm
Quoting SkyzerFX
Since I'm short, you might want to go Long *LoL*
Is you as contra indi free or do you take money?

Just kidding. I let decide warriors the battle and will pip in the bucks if the war is over.
Sometimes I lose. Sometimes the others win.
  • #223,180
  • Apr 9, 2010 2:27pm Apr 9, 2010 2:27pm
Quoting SkyzerFX
well, well I'm going to short below 1.3480.. Dollar Index looks like

hit lower B band and now trying to reverse.. Low 1.34 perhaps?

DOW hit almost 11k, I think that's the target for those crooks for now..

61.8 Fib holds almost .. I wouldn't take any new trades now..

Since I'm short, you might want to go Long *LoL*
Oh no, now I saw your post I'm having second thoughts.
Hope you made some good money this week.
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