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EURUSD

  • #239,261
  • May 9, 2010 9:04pm May 9, 2010 9:04pm
Quoting enterfx
My R1 shows 93.19? Price went to 92.85 high so far.
I have 92.79
Doing what you like is Freedom. Liking what you do is Happiness.
  • #239,262
  • May 9, 2010 9:04pm May 9, 2010 9:04pm
Quoting gatorinla
thats funny comming from a militarily man in Europe. Not long ago that was Americans on those walls. Guess who writes those checks today. Life is cheaper when some body else pays for most of your defense. U.S. taxpayers have paid a heavy price for Europe and it looks like we still will for decades to come. Without the training wheels on, life would be different. For both of us.
aaah thanks, thats how asia feels towards the west too right now.
kidding!

anyway i think fundamentally your analysis is spot on! just right now, mafias are running the market. i guess they're placed in to stop a full rout from happening, which if happens will affect everyone, everyone prefers a gradual curve compared to a suicide jump. it allows the market to adapt better to pricings and trade to continue. just my guess.

isnt this what the mericans call the plunge protection thing?
  • #239,263
  • May 9, 2010 9:15pm May 9, 2010 9:15pm
Quoting gatorinla
Not long ago that was Americans on those walls. Guess who writes those checks today. Life is cheaper when some body else pays for most of your defense. U.S. taxpayers have paid a heavy price for Europe
This wasn't done for the benefit of Europe, but for the US itself.

US may write cheques, but with money borrowed from somewhere else. So who is really paying?
  • #239,264
  • May 9, 2010 9:15pm May 9, 2010 9:15pm
Quoting gatorinla
well folks in the U.S. citizens just got fucked again. your forex market has officially gone back to manipulation.. this takes away the free open market..
News message h3 { font-size:14px; } p { font-size:12px; } WASHINGTON, May 9 (Reuters) - The U.S. Federal Reserve reopened currency swap facilities with other major central banks on Sunday to help ease market strains in Europe.
The Fed revived facilities established during the 2007-2008 financial crisis with the European Central Bank, the banks of Canada and England, and the...
..the free open market...somebody let me know if you ever see one. Opening these swap facilities is just an admission (as if any were needed) that the euro is SOL - the foreign banks are running outta liquid dollars with the recent euro sell-off ... and also, despite what the Obama admin may say publicly about a "strong dollar", that the euro will be propped up as a euro in the basement is bad for business. May one also infer that the Fed saw E/U print 1.25xx and said, "that's low enough"....?

Now, one of you traders let me know if you can - how are the swap facilities alluded to any different than the hundreds of swap facilities that the Fed maintains - as standard operating procedure as the world's banker - with other countries & CB's all over the globe?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #239,265
  • May 9, 2010 9:17pm May 9, 2010 9:17pm
Quoting jest1081
i like! need you guys to help me play this out.
sell at 1.3
buy at 1.255
count me in!
Empty as water and soft as a facing wind mountain
  • #239,266
  • May 9, 2010 9:17pm May 9, 2010 9:17pm
Quoting malcolmb14
low vol test 5 min after stopping vol

holding long

Attachment
after seeing another low volume test just above fridays high I held trade thru to 1.2937 , on the mml

this may go higher but my daily goal is 100 pip

I am now out till US tomorrow

good luck all

Attached Image (click to enlarge)
Click to Enlarge Name: chart2197.png Size: 175 KB
Blogging daily now at www.volume.zone
  • #239,267
  • May 9, 2010 9:19pm May 9, 2010 9:19pm
The Euro is facing a huge crisis in confidence and altho it's great to see the 962bln package to help EU countries but I think the markets will soon test their resolve. 962 bln is great but with more countries paying higher bond yields for the foreseeable future (years) coupled with a slow global econ environment is it enough? I don't think we know how deep some countries may be --take Greece's creative accounting into consideration.

There will surely be intervention in the Euro but will it be effective in supporting it or just increasing volatility and adding to the mayhem. My view is intervention will add to volatility and may not have as supportive effect a initially thought.. Hang on tight this carnival ride is going to shake us like a rag doll..
  • #239,268
  • May 9, 2010 9:24pm May 9, 2010 9:24pm
Quoting Mr J
This wasn't done for the benefit of Europe, but for the US itself.

US may write cheques, but with money borrowed from somewhere else. So who is really paying?
misdirection? i don't fall for it.
the point is U.S would have stock piles of usd. if not for subsidizing the defense of other governments. If those governments paid for their own they would be in even worse shape. They are not paying for one the most expensive parts of being a government. We in u.s. are, but for others also. the same ones we are bailing out tonight. Take off the training wheels then tell how much U.S. is in debt.
those who can, do. those who cant, talk about those who can
  • #239,269
  • May 9, 2010 9:25pm May 9, 2010 9:25pm
Quoting Trendstar
There will surely be intervention in the Euro but will it be effective in supporting it or just increasing volatility and adding to the mayhem. My view is intervention will add to volatility and may not have as supportive effect a initially thought.. Hang on tight this carnival ride is going to shake us like a rag doll..
Maybe this would be a good time to put the kibosh on the speculative forex trade?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #239,270
  • May 9, 2010 9:27pm May 9, 2010 9:27pm
Quoting The Fool
..the free open market...somebody let me know if you ever see one. Opening these swap facilities is just an admission (as if any were needed) that the euro is SOL - the foreign banks are running outta liquid dollars with the recent euro sell-off ... and also, despite what the Obama admin may say publicly about a "strong dollar", that the euro will be propped up as a euro in the basement is bad for business. May one also infer that the Fed saw E/U print 1.25xx and said, "that's low enough"....?

Now, one of you traders let me know if you can...
U.S. is not gonna let them go back to 1.6 or even 1.4.. the oil at 147 still has not been paid for. and as shown a 87 we cant handle it yet. U.S. is just letting a slow drop to prevent a future war.
those who can, do. those who cant, talk about those who can
  • #239,271
  • May 9, 2010 9:29pm May 9, 2010 9:29pm
I closed my first position....riding the remainder of 164 pips long....500 pip potential here...
In Charts We Trust!
  • #239,272
  • May 9, 2010 9:30pm May 9, 2010 9:30pm
Quoting gatorinla
misdirection? i don't fall for it.
the point is U.S would have stock piles of usd. if not for subsidizing the defense of other governments. If those governments paid for their own they would be in even worse shape. They are not paying for one the most expensive parts of being a government. We in u.s. are, but for others also. the same ones we are bailing out tonight. Take off the training wheels then tell how much U.S. is in debt.
I don't recall hearing about Uncle Sam having his arm twisted to maintain a worldwide military empire. Sam is still living in the 50's man - somebody needs to wake his ass up & let him know the Cold War is over. Ron Paul? Yeah right...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #239,273
  • May 9, 2010 9:33pm May 9, 2010 9:33pm
Hate to say it here guys, but EUR looks like its setting up for an even bigger move long....
In Charts We Trust!
  • #239,274
  • May 9, 2010 9:33pm May 9, 2010 9:33pm
Quoting Trendstar
The Euro is facing a huge crisis in confidence and altho it's great to see the 962bln package to help EU countries but I think the markets will soon test their resolve. 962 bln is great but with more countries paying higher bond yields for the foreseeable future (years) coupled with a slow global econ environment is it enough? I don't think we know how deep some countries may be --take Greece's creative accounting into consideration.

There will surely be intervention...
imf gives this in welcome packages. to sooth the pain
Attached Image
those who can, do. those who cant, talk about those who can
  • #239,275
  • May 9, 2010 9:34pm May 9, 2010 9:34pm
Gator you better add vaseline to your shopping list... Surely financial assets cannot be worth very much after these announcements.

Quoting fxswing
PRESS RELEASE

10 May 2010 - ECB decides on measures .
Ah Luv the smell of a good prediction in the mornin!
  • #239,276
  • May 9, 2010 9:35pm May 9, 2010 9:35pm
Should it fill the gaps before it going up if it is really want to going up..
  • #239,277
  • May 9, 2010 9:36pm May 9, 2010 9:36pm
congrats. now if u were u i wud close the rest before london/frank or move stop to be

Quoting X.Oden
I closed my first position....riding the remainder of 164 pips long....500 pip potential here...
Its all in the mind.
  • #239,278
  • May 9, 2010 9:36pm May 9, 2010 9:36pm
Quoting gatorinla
imf gives this in welcome packages. to sooth the pain

Ah Luv the smell of a good prediction in the mornin!
  • #239,279
  • May 9, 2010 9:36pm May 9, 2010 9:36pm
Quoting The Fool
Maybe this would be a good time to put the kibosh on the speculative forex trade?
The bigger the definition of spec and the more the market benefits from the liquidity. They all like to blame any decline on "speculation" but in reality, it is the market mechanism- what bank or large trader would hold euros in any decline like we've seen recently?
  • #239,280
  • May 9, 2010 9:38pm May 9, 2010 9:38pm
Quoting The Fool
I don't recall hearing about Uncle Sam having his arm twisted to maintain a worldwide military empire. Sam is still living in the 50's man - somebody needs to wake his ass up & let him know the Cold War is over. Ron Paul? Yeah right...
kinda glad when Russia jumped a few years back we were there.. so does most of Europe. cold war aint over.
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those who can, do. those who cant, talk about those who can
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