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  • #231,641
  • Apr 27, 2010 5:53am Apr 27, 2010 5:53am
Quoting gatorinla
im not ruling out a swan song to 3566. when the bliss happens if a deal is finalised in the next day or 2. but if usdx and eu keep a firm footing on the other side of those yellow lines. it will be hard to stop this usd bull across that barbwire.
Question for u Gator: when you say a "deal is finalized" you mean a rescue packkage for greece, with AAALLLL the details given to the market and every EZ country supporting the greek economy, etc...THEN you think we can get to 3566???? Do you see this scenario of the aid happening this week???

TKS in advance!
  • #231,642
  • Apr 27, 2010 5:57am Apr 27, 2010 5:57am
Quoting maurofx
Question for u Gator: when you say a "deal is finalized" you mean a rescue packkage for greece, with AAALLLL the details given to the market and every EZ country supporting the greek economy, etc...THEN you think we can get to 3566???? Do you see this scenario of the aid happening this week???

TKS in advance!

The Deal has not been finalized at all and probably wont till next week at earliest.
Even if, there is a massive panic that this will spread to portugal, additionally IMF said this wont be the last bailout just to give a clear indication of how screwed they are and investor confidence is at an alltime low... so yeah what do you expect?
  • #231,643
  • Apr 27, 2010 5:57am Apr 27, 2010 5:57am
Quoting maurofx
Here we have an argument tolong @ 3299 in the chart: testing the upper line of the broken channell. But I ain't cathing no falling knive yet. I'm fltat now, price braking the upper support line and the fall give a strong bear bias to the day. And still we have a lot to go. I think a retrace should happen before US opens, not a big one though.
Just mho! G/L all!
That makes sense. But at the same time it breaks down much longer TL. The one you can see on W1 chart (starting in November, 2008).

This really is a critical area without clear clue where will it go (although i think short).
big numbers are our friends...
  • #231,644
  • Apr 27, 2010 5:58am Apr 27, 2010 5:58am
I see Range
Lets Soar The Sky
  • #231,645
  • Apr 27, 2010 6:00am Apr 27, 2010 6:00am
This is not nice of € to go down all the way below 3300, well well looks like this trade is going to the section long term position building what a shame.
Well no worries we'll see how it is tonight might even just take the day of hahahha.

EURO-DOLLAR: Settles back around $1.3304, after touch ing a pullback low
of $1.3299, matching late pullback lows seen on Monday before the
recovery began which saw an eventual high overnight in Asia at $1.3417.
Specs have begun to load up again with small long positions, placing
stops below $1.3290.

Provided by: Market News International
Trade on your own risk Plan your trade&trade your plan dont be a
  • #231,646
  • Apr 27, 2010 6:00am Apr 27, 2010 6:00am
Quoting Jonty
Look, I'm not looking to "ruffell any feathers", but if you think that being "hedged" (in your example) is different to being "flat" then you are mistaken. As far as I am aware, the only way to be hedged in FX is to take on an opposing position in another correlated instrument, such as options / Dollar index futures /commodities maybe.
Ouch looking at some site it does relate to buying options or commodities and also on Other currency pairs... see i learned something again....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #231,647
  • Apr 27, 2010 6:01am Apr 27, 2010 6:01am
Quoting gatorinla
im not ruling out a swan song to 3566. when the bliss happens if a deal is finalised in the next day or 2. but if usdx and eu keep a firm footing on the other side of those yellow lines. it will be hard to stop this usd bull across that barbwire.
That's a good point. When Papa gets his money there will be some euphoria here on the market. Just how long the honeymoon will last is anyones guess though.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #231,648
  • Apr 27, 2010 6:02am Apr 27, 2010 6:02am
Quoting Jonty
wtf?

Dude you are flat, not hedged. It's exactly the same as opening one position, closing it, then opening another position in the same size.

Lets say you buy 10 lots of EUR/USD... then sell 10 lots of EUR/USD - what is your position? 0 lots of EUR/USD. You are flat.
But both positions remain open was my point.
I operate with clear definite rules, if I break them I lose BIG!
  • #231,649
  • Apr 27, 2010 6:05am Apr 27, 2010 6:05am
http://www.forexfactory.com/showpost...stcount=231365
  • #231,650
  • Apr 27, 2010 6:07am Apr 27, 2010 6:07am
Quoting cagriguler
http://www.forexfactory.com/showpost...stcount=231365
im a bit confused ur chart suggesting further down or a reversal?? going back up?? or continue down??
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #231,651
  • Apr 27, 2010 6:10am Apr 27, 2010 6:10am
1.3300 is a very hard support. if it hold, i think we will bounce back up. as per TD count, m30 shows complete count for a bounce.

anyway, i'm still favour Bear
  • #231,652
  • Apr 27, 2010 6:12am Apr 27, 2010 6:12am
3300 proven itself quite a hardy here...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #231,653
  • Apr 27, 2010 6:16am Apr 27, 2010 6:16am
Quoting Icannaesee
But both positions remain open was my point.
Does your broker charge you more for "hedging" than "closing"?
  • #231,654
  • Apr 27, 2010 6:16am Apr 27, 2010 6:16am
Quoting maurofx
Question for u Gator: when you say a "deal is finalized" you mean a rescue packkage for greece, with AAALLLL the details given to the market and every EZ country supporting the greek economy, etc...THEN you think we can get to 3566???? Do you see this scenario of the aid happening this week???

TKS in advance!
not really.. i certainly would not long it. but if it gets there i will short it.. they could call it finished and some dummies will pump it. and after market figures out they have been had, it will drop. the sooner the better for me. bad debt is bad debt. if the ez spreads it out to its members its still bad debt in the ez.

paying off one credit card with another is a shell game. the debt is still there but now the interest has gone up.. they are still paying just the interest. its a bunch of bullshit to fool sheep and bailout not greece, but the banks greece owes.

greece is just another aig. a way to funnel money to banks because of bad loans banks made. turn on the lights and watch the roaches scatter. the banks control what the media tells you. the banks control the politicians. pay attention to the man behind the curtain. you can fool most of the people most of the time. the bankers are laughing at the sheep. as the sheep fall in line to protect them.
those who can, do. those who cant, talk about those who can
  • #231,655
  • Apr 27, 2010 6:18am Apr 27, 2010 6:18am
Quoting gatorinla
not really.. i certainly would not long it. but if it gets there i will short it.. they could call it finished and some dummies will pump it. and after market figures out they have been had, it will drop. the sooner the better for me. bad debt is bad debt. if the ez spreads it out to its members its still bad debt in the ez.

paying off one credit card with another is a shell game. the debt is still there but now the interest has gone up.. they are still paying just the interest. its a bunch of bullshit to fool sheep and bailout not greece,...
not to mention them Delaying it further and further... they would kill EURO like that... Good news for me but bad news for my dad cuz he receives part of his income from bloody germans paying EURO...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #231,656
  • Apr 27, 2010 6:19am Apr 27, 2010 6:19am
Quoting bguguen
3300 proven itself quite a hardy here...
yea, a lot of buyers there
  • #231,657
  • Apr 27, 2010 6:22am Apr 27, 2010 6:22am
Quoting omar79
Just need a 1h close under 1.3305 to confirm next traget 1.3150 for this week , and maybe 1.3000 next week.

good luck

Why 13305? It closed @ 13310 @ 12 GMT+2
  • #231,658
  • Apr 27, 2010 6:23am Apr 27, 2010 6:23am
Quoting bguguen
im a bit confused ur chart suggesting further down or a reversal?? going back up?? or continue down??
continue down. TP1: ok and TP2: 1.3190
  • #231,659
  • Apr 27, 2010 6:24am Apr 27, 2010 6:24am
they should be bulls there especially after Angela's speech ...
  • #231,660
  • Apr 27, 2010 6:26am Apr 27, 2010 6:26am
Quoting gatorinla
pay attention to the man behind the curtain. you can fool most of the people most of the time. the bankers are laughing at the sheep. as the sheep fall in line to protect them.
Man, this sentence should be in a movie!! LOL!! Totally agree with you, I have no doubt that EZ is fucked up, the important thing that concerns me is the timing oof their fall. As you say media controls everything, and they can make a bubble of perfect armony and a great future for EZ in the short term and many are gonna buy that tale...that's what I'm afraid off...that behaviour can hurt my short trades...
We'll have to stay veeery alert.
Tks for the advice man!
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