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  • #228,301
  • Apr 20, 2010 10:47am Apr 20, 2010 10:47am
Quoting Driver55
3. long on eurusd @ 3446
1. short on usdchf @ 10677

...and short usdjpy 93,29
The best thing that can happen to you is to find out where you're wrong.
  • #228,302
  • Apr 20, 2010 10:48am Apr 20, 2010 10:48am
Ok profits have grown from a days wage to a child support payment. Lets see if we can get it up to the cost of a flat screen TV.
Founder of Sutherland Wave Principle
  • #228,303
  • Apr 20, 2010 10:49am Apr 20, 2010 10:49am
Its okay to close existing short positions but to go long now???
  • #228,304
  • Apr 20, 2010 10:49am Apr 20, 2010 10:49am
Quoting Atlast
Update: I am long EU and GU. Something strange happening today.
hahahha yes I can only agree.


just looked at 4hr tf and we can see a tl stopping pa for more down, will not add or do anything until we are back in upwards channel. Expecting some kind of ranging. Will take a break from the screens realised profit today 5pips unrealised loss 84pips.

Lets see if this hammer on the daily is significant or not would bring be to max 112pips minus everything up to 150 is ok for MM.

Laters.
TCat
Trade on your own risk Plan your trade&trade your plan dont be a
  • #228,305
  • Apr 20, 2010 10:54am Apr 20, 2010 10:54am
Going to buy here at 1.3437 to try to scalp a few pips. I think the highs & lows for the day have been set...TP at 1.3452
  • #228,306
  • Apr 20, 2010 10:56am Apr 20, 2010 10:56am
Quoting Driver55
...and short usdjpy 93,29

why would you short us yen ? i undertand maybe closing longs, but short ?
what do you see ? what signal ?
Andreyou
  • #228,307
  • Apr 20, 2010 10:56am Apr 20, 2010 10:56am
do you think EU will go around 3700 this week?
  • #228,308
  • Apr 20, 2010 10:57am Apr 20, 2010 10:57am
suport line 1h chart and good ZEW for today.
Lets see
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  • #228,309
  • Apr 20, 2010 10:58am Apr 20, 2010 10:58am
Quoting andreypu
Can you hedge with them ?
yes, no problem to hedge...
  • #228,310
  • Apr 20, 2010 11:01am Apr 20, 2010 11:01am
Quoting Driver55
...and short usdjpy 93,29
Sorry to make this naive question, but why? Its in bull mode isnt it?

Thanks.
  • #228,311
  • Apr 20, 2010 11:07am Apr 20, 2010 11:07am
gu followed gj and about to break the hurdle at 1.5374 but still not promising & close longs again there while eu risking test down , 1.3423 support may stop, price any below 37 is highly suspected test next 1.3404 to break . waiting longs eu to decide the fate now.

but all shorts ready if done greatly today down.

fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #228,312
  • Apr 20, 2010 11:15am Apr 20, 2010 11:15am
A stronger greenback, rallying equities, higher commodity prices and buoyant emerging markets are reminiscent of the 1990s, when the dollar was last viewed as a growth currency rather than a safe haven reserve. There are a couple of key reasons why the exchange rate markets could experience the same behaviour again in this decade. First, the Federal Reserve is likely to be the first of the leading central banks to raise interest rates this year. America’s economy is recovering faster than Europe and Japan from recession. In contrast, the European Central Bank is unlikely to begin normalising monetary policy while swathes of the eurozone remain plagued by concerns over their finances...

Just over a decade ago, dollar strength during the internet bubble caused the yen to weaken sharply, leading to the Asia crisis of 1997-98. The rise of the greenback also led indirectly to the Russia crisis of 1998 and forced Brazil to devalue the real in 1999. Fortunately, in 2010 the dollar is still marginally undervalued against the euro. But a period of greenback strength in the next few years, at a time when policymakers are lulled by a recovery in the global economy, may spark future crises in the currency markets
http://www.ft.com/cms/s/0/91adbaba-4...44feab49a.html
Prices oscillate, trends persist. Trend is your friend.
  • #228,313
  • Apr 20, 2010 11:18am Apr 20, 2010 11:18am
Could be tweezer bottoms formed on the one hour. double .3445
Founder of Sutherland Wave Principle
  • #228,314
  • Apr 20, 2010 11:32am Apr 20, 2010 11:32am
Quoting fontu
gu followed gj and about to break the hurdle at 1.5374 but still not promising & close longs again there while eu risking test down , 1.3423 support may stop, price any below 37 is highly suspected test next 1.3404 to break . waiting longs eu to decide the fate now.

but all shorts ready if done greatly today down.

fontu
I have the same sentiment that if we get below 3434 we will see 3417 and 3400, this would also invalidate the daily hammer and the down,move could get violent. Have protective hedge for my hasty placed long 3522 at 150 away.

This has nothing with TA to do but my balls tell me we get back to the pivots some time tonight.
Trade on your own risk Plan your trade&trade your plan dont be a
  • #228,315
  • Apr 20, 2010 11:35am Apr 20, 2010 11:35am
Quoting jsspmk
First, the Federal Reserve is likely to be the first of the leading central banks to raise interest rates this year. America’s economy is recovering faster than Europe and Japan from recession.
"to raise interest rates this year" well maybe in 2012 they going to be

first to rise rates.. Try to do that with 12 trillion $ of Debt. Rising rates

it's like digging your own grave.

And I betting that 82 is the Concrete roof for USDx. Down from here

all the way, down.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #228,316
  • Apr 20, 2010 11:42am Apr 20, 2010 11:42am
Quoting SkyzerFX
"to raise interest rates this year" well maybe in 2012 they going to be

first to rise rates.. Try to do that with 12 trillion $ of Debt. Rising rates

it's like digging your own grave.

And I betting that 82 is the Concrete roof for USDx. Down from here

all the way, down.

I agree 100% with the first part of your comment.. I think people put too much in the USD index though. It could be at 90 and we could still have major problems.. People forget it's just a weighted value against other fiat currencies.. In this age, up is down, right is wrong, good is bad.. I would be watching the dollar against precious metals and commodities as an indicator of USD strength, not the index.
  • #228,317
  • Apr 20, 2010 11:43am Apr 20, 2010 11:43am
Quoting SkyzerFX
"to raise interest rates this year" well maybe in 2012 they going to be

first to rise rates.. Try to do that with 12 trillion $ of Debt. Rising rates

it's like digging your own grave.

And I betting that 82 is the Concrete roof for USDx. Down from here

all the way, down.


obama is covering up economic data maybe to not cause "panic" but if you look carefully at the graphs youll notice things that correlated pre-obama does not correlate now.. we are not recovering faster than other countries in many areas.. and you are right raising rates would kill any progress being made here.. for example looking at unemployment rate vrs how much is being paid to those unemployed by the government the graphs suggest we are about 11% higher than the unemployment rate suggests and I know where I live around near orlando florida we are about 17-22% unemployed.. houses are selling here for 7,000 dollars and there is a huge supply still not pushed through to being sold in the market....
I believe we are keeping the news silent enough not to cause a panic and positive enough to cause new investments to occur but I think that they are lying like normal and that we are worse then what is shown and they wont be raising rates.. and if they do the lies will show pretty quickly.
  • #228,318
  • Apr 20, 2010 11:45am Apr 20, 2010 11:45am
we may need to touch 3433 first. pending long scalp here plus spread sl tight
greece up to almost 8%
those who can, do. those who cant, talk about those who can
  • #228,319
  • Apr 20, 2010 11:47am Apr 20, 2010 11:47am
Quoting SkyzerFX
"to raise interest rates this year" well maybe in 2012 they going to be

first to rise rates.. Try to do that with 12 trillion $ of Debt. Rising rates

it's like digging your own grave.

And I betting that 82 is the Concrete roof for USDx. Down from here

all the way, down.


mate I really hope so that € now just goes up hehehe, shame is only that pa does what it wants and doesnt give a sh#*t about what we want or like.

I learned it the hard way today. Was short from yesterday pa went against me and I started hedging to early. Why to early as my plan was when 150pips are reached, which was wasnt the case but all the news where good € it had to go up-> big mistake hahhaha. Anyways I am sure we will see 3522 again so I am not worried and will eventually hedge my hedge as stupid as it sounds it is...
Anyways back to the point if pa decides to move lower then thats ok it aint matter what happens around us, just what pa does ....
Trade on your own risk Plan your trade&trade your plan dont be a
  • #228,320
  • Apr 20, 2010 11:50am Apr 20, 2010 11:50am
Quoting Trading Cat
I have the same sentiment that if we get below 3434 we will see 3417 and 3400, this would also invalidate the daily hammer and the down,move could get violent. Have protective hedge for my hasty placed long 3522 at 150 away.

This has nothing with TA to do but my balls tell me we get back to the pivots some time tonight.
I think that we can see somewhere 337x. Still keep my short.
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