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  • #228,761
  • Apr 21, 2010 8:28am Apr 21, 2010 8:28am
Quoting essenza
daily rsi is not yet on the overbought territory...but it is risk reward trade to go long from this level and average down to 1.325, stops below 1.325 of course.

note that 3rd attempt to break 1.339, seems fail...close long, wait again for another dip.
I only use a slow stoch and will hold onto my longs for a while

so far this year no week has closed below 1.338 area

in fact apart from 1 week in march, friday close has been above 1.347

if reward is good i will risk some draw down




back above 1.34

watch for close of current 4H candle


and reaction at 1.3470(maybe not today)


ooh and friday close number
Some drink at the fountain of knowledge. Others just gargle !
  • #228,762
  • Apr 21, 2010 8:28am Apr 21, 2010 8:28am
Quoting essenza
daily rsi is not yet on the overbought territory...but it is risk reward trade to go long from this level and average down to 1.325, stops below 1.325 of course.

note that 3rd attempt to break 1.339, seems fail...close long, wait again for another dip.
...
  • #228,763
  • Apr 21, 2010 8:31am Apr 21, 2010 8:31am
Explains...if someone needs late info.



Apr 21 / 03:11 EDT
CABLE: Getting reports that the UK oil company bid was pulled and a major NY bank sold back into cable to take it down from around $1.5390 to $1.5360. Rate currently trades around $1.5365. The demand interest still in play but the execution not allowing for a one way play, traders say.
They think they are smarter than I am.
  • #228,764
  • Apr 21, 2010 8:32am Apr 21, 2010 8:32am
it will be hard to break 3420 there is a lot of sh#t in the way.
Trade on your own risk Plan your trade&trade your plan dont be a
  • #228,765
  • Apr 21, 2010 8:32am Apr 21, 2010 8:32am
Right at the 1.3400 resistance
Let's see how it reacts here during this hour
COT: The precious data ignored
  • #228,766
  • Apr 21, 2010 8:34am Apr 21, 2010 8:34am
EURO-DOLLAR: Edges up to $1.3400 and light chatter just now circulating
of semi-official demand in the pair. Offers eyed to $1.3405, more at
$1.3415/25.

Provided by: Market News International
Trade on your own risk Plan your trade&trade your plan dont be a
  • #228,767
  • Apr 21, 2010 8:37am Apr 21, 2010 8:37am
Quoting kuroro001
gbpusd is in his upside mode though
higher high.....higher low...we need to wait
thanks, i overlooked that one... again *sigh*
i need another monitor.
  • #228,768
  • Apr 21, 2010 8:37am Apr 21, 2010 8:37am
I wondering if we gonna go up to .3423 soon and drift for 7 hours down to high .33's? And then Tomorrow more north bound action.
Founder of Sutherland Wave Principle
  • #228,769
  • Edited 8:50am Apr 21, 2010 8:39am | Edited 8:50am
Quoting Trading Cat
it will be hard to break 3420 there is a lot of sh#t in the way.
very interesting indeed, but i bet for 1.346 the high for today . CCI already above -100, could we see +100 today, 1.346 will be the best exit target for bulls today, it seems it is a price for CCI 100 and upper BB2 except "BB" speak about rising rates.
  • #228,770
  • Apr 21, 2010 8:39am Apr 21, 2010 8:39am
EURO-DOLLAR VIEW: Ashraf Laidi of CMC Markets says the current euro
decline is reminiscent of other larger euro downtrends. From 1999 to
2002, the euro fell 31% mainly because of a too high inception rate (Jan
1999) and "prolonged headwinds on Germany and the eurozone from the 1997
-1998 Asian crisis and high ECB interest rates). In addition, the dollar
benefited from "robust growth and record high capital flows chasing US
technology," he says. In 2005, the euro fell 14% on EU uncertainty
(French/Dutch Maastricht votes), Fed tightening, and Homeland Investment
Act inflows. In 2008-2009, the euro dropped 24% on "plunging risk
appetite and plummeting commodities" which benefited the greenback.
The euro decline seen in 2010 "shows more fundamental similarities to
the sell-off of 1999-2000 in that it is largely euro-centric, rather
than US and global centric, he says. Laidi sees risk of $1.3120 being
tested by the end of June. The euro holds currently at $1.3393.

Provided by: Market News International
Trade on your own risk Plan your trade&trade your plan dont be a
  • #228,771
  • Apr 21, 2010 8:45am Apr 21, 2010 8:45am
Quoting Mr Hatch
thanks, i overlooked that one... again *sigh*
i need another monitor.
Yes we need to pay attention to everything in this crazy market :s

But eurusd is still in his downside mode ....lower low lower high swings
I need to go above 1.3450 to make me go long today....& tomorrow is another day
COT: The precious data ignored
  • #228,772
  • Apr 21, 2010 8:48am Apr 21, 2010 8:48am
we upcrossed daily S1. next to come weekly S1 at 1.34183.
I will go long just above that (which is also 0.618 fibo of the last leg down)
  • #228,773
  • Apr 21, 2010 8:52am Apr 21, 2010 8:52am
Quoting kuroro001
I need to go above 1.3450 to make me go long today....
Well said!
  • #228,774
  • Apr 21, 2010 8:52am Apr 21, 2010 8:52am
Quoting suthmo
I wondering if we gonna go up to .3423 soon and drift for 7 hours down to high .33's? And then Tomorrow more north bound action.
would love that idea too..
I'm learning to trust my own charts..
  • #228,775
  • Apr 21, 2010 8:55am Apr 21, 2010 8:55am
Quoting benssol
Jeeeeeest ma man

How're you man!
I miss u, miss the old people here, de, sun.. bravdo ...
Well.... Sun went to the outhouse and the hogs ate 'em...

But bravado... there's a blast from the past. I wonder how many folks here now ever even read one of his posts...

You shoulda dropped in last month I think it was, Mudd was hangin a'rd but I think he hit The Wall early and slipped out again. Most of the rest of the "oldest timers" just drop in at Cesar's nuthouse now and then. Or they got bumped to Commercial member and can't post here in the general section anymore. Sucks.
FUBAR...
  • #228,776
  • Apr 21, 2010 9:00am Apr 21, 2010 9:00am
short at 1.34, hope it goes fine.
  • #228,777
  • Apr 21, 2010 9:05am Apr 21, 2010 9:05am
Quoting ak4x
Well.... Sun went to the outhouse and the hogs ate 'em...

But bravado... there's a blast from the past. I wonder how many folks here now ever even read one of his posts...

You shoulda dropped in last month I think it was, Mudd was hangin a'rd but I think he hit The Wall early and slipped out again. Most of the rest of the "oldest timers" just drop in at Cesar's nuthouse now and then. Or they got bumped to Commercial member and can't post here in the general section anymore....

for old times sake....
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  • #228,778
  • Apr 21, 2010 9:09am Apr 21, 2010 9:09am
Quoting Anis
would love that idea too..
well..it reversed..spoke too soon..but hope it's just a shake out..hmm
I'm learning to trust my own charts..
  • #228,779
  • Apr 21, 2010 9:09am Apr 21, 2010 9:09am
To whom it may concern
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  • #228,780
  • Apr 21, 2010 9:11am Apr 21, 2010 9:11am
EURO-DOLLAR: Lurches back down to $1.3395 area shortly after the option
expiry hour as traders clear the decks perhaps after positioning for
expiries at various strikes. Flows remain muted.

Provided by: Market News International
Trade on your own risk Plan your trade&trade your plan dont be a
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