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  • #241,701
  • May 13, 2010 8:13pm May 13, 2010 8:13pm
The stop orders below 1.25 could really squeeze this down way low. Besides, even some central banks can see what the trashing of the USD has done to help the US economy, EU needs help bad.
  • #241,702
  • May 13, 2010 8:14pm May 13, 2010 8:14pm
Quoting Clouds
Well, is it riskier to go long or short? That is the question.
Both are risky......but no one *has* to take a position here......there are other pairs to trade until this thing is settled....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #241,703
  • May 13, 2010 8:15pm May 13, 2010 8:15pm
Quoting Clouds
by looking at usd/cad, it looks like usd has much more to gain
ive been waiting for all the commodity pairs to weaken verses usd. looks like it started..
those who can, do. those who cant, talk about those who can
  • #241,704
  • May 13, 2010 8:16pm May 13, 2010 8:16pm
Quoting Clouds
Well, is it riskier to go long or short? There's 2 options for trading, and 1 option to do nothing. That is the question.
i feel the only 2 options are to short or stay out. If it was friday europe or US session yes maybe it will go up if it was a sunday night yes maybe it will go up...trust me asia will be buying dollars. We are all waiting for a pop could be tonight
Former Trader Of the Year of the 95% losing club! Retired
  • #241,705
  • May 13, 2010 8:19pm May 13, 2010 8:19pm
Since there is no PA... this is pretty interesting

Inserted Video
  • #241,706
  • May 13, 2010 8:20pm May 13, 2010 8:20pm
Quoting knuckledrag
Hell, watch it fall like a rock with me waiting on a retrace.
Very nice strategy! What I usually do when I miss a move.
  • #241,707
  • May 13, 2010 8:20pm May 13, 2010 8:20pm
Quoting Clouds
Well, is it riskier to go long or short? There's 2 options for trading, and 1 option to do nothing. That is the question.
I'm still waiting for a huge spike up to see where the EU might intervene. I mean, suppose it went down to 1.18 and we see a huge spike up during the week up to 1.23. Then we might know that at 1.18 is where they intervene. Because up to now it doesn't look like they're doing much intervention right now.
  • #241,708
  • May 13, 2010 8:22pm May 13, 2010 8:22pm
Quoting knuckledrag
Maybe,,,,,, The real question is what to expect then? Below 25 may be defended by some real bad dudes. The idea that the IMF would secure a trillion dollar check------- and then let the damn EUR crash without even an attempt to prop it up---------

I'm hesitant to sell the breach

Hell, watch it fall like a rock with me waiting on a retrace.
the bailout was to save the euro not prop it up.. letting it go lower in a controlled way is the only way to save it.. a lower euro will boost ez exports. In the process destroy the Swiss.

but a controlled downfall may already be too late.
those who can, do. those who cant, talk about those who can
  • #241,709
  • May 13, 2010 8:23pm May 13, 2010 8:23pm
Quoting Rgali1
i feel the only 2 options are to short or stay out. If it was friday europe or US session yes maybe it will go up if it was a sunday night yes maybe it will go up...trust me asia will be buying dollars. We are all waiting for a pop could be tonight
I actually agree with you on that. Fridays are weird in that, what ever the trend was for the first 4 1/2 days, it does the opposite. Sunday open usually pick up where Thursday left off.
  • #241,710
  • May 13, 2010 8:29pm May 13, 2010 8:29pm
Quoting realjumper
I thought I was the lone voice here.......I agree, it's so risky, but potentially rewarding to short here......far too risky for me to contemplate. Every man and his dog is adding shorts here.....imo...it's very risky
I'm still holding short, but adding down here could be a killer. 600 pips north is not out of the question. Profiting from "we simpletons" is not above the evil overlords.

The best the overlords should be able to do is 600 pips, but thats just a guess . If they can shake enough fund traders out------ then "maybe" up more on market pressure

Speculation is just another word for guess. It will go where it wants----- just hold on.

Where I think we may go, but I'm not in charge
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  • #241,711
  • May 13, 2010 8:32pm May 13, 2010 8:32pm
Cable drop was far nicer. I'll have to start paying more attention to it.
  • #241,712
  • May 13, 2010 8:38pm May 13, 2010 8:38pm
price is just consolidating before the next drop
Former Trader Of the Year of the 95% losing club! Retired
  • #241,713
  • May 13, 2010 8:38pm May 13, 2010 8:38pm
Quoting gatorinla
the bailout was to save the euro not prop it up.. letting it go lower in a controlled way is the only way to save it.. a lower euro will boost ez exports. In the process destroy the Swiss.

but a controlled downfall may already be too late.
Yes. Controlled way is the key. A full out crash would unravel their plans to be the only ones in control--(new world order shit). A full blown brake up of the Union would make it harder to pick up the pieces.

Knuckles has rounded the bend to crazy town.
  • #241,714
  • May 13, 2010 8:42pm May 13, 2010 8:42pm
Quoting knuckledrag
I'm still holding short, but adding down here could be a killer. 600 pips north is not out of the question. Profiting from "we simpletons" is not above the evil overlords.

The best the overlords should be able to do is 600 pips, but thats just a guess . If they can shake enough fund traders out------ then "maybe" up more on market pressure

Speculation is just another word for guess. It will go where it wants----- just hold on.

Where I think we may go, but I'm not in charge
Thanks for that Knuckle...you're right of course, it will go wherever it wants...the best we can hope for is to tag along not-too-far behind!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #241,715
  • May 13, 2010 8:48pm May 13, 2010 8:48pm
Now in a fix... profit taken at 1.2525. Not so sure whether to continue adding shorts here or wait till a further upward retrace before shorting again... or go long from here? Who knows something big might happen later in the evening... decisions decisions decisions! If it retraces upwards, don't know where to start adding shorts again?
  • #241,716
  • May 13, 2010 8:49pm May 13, 2010 8:49pm
We may see last Thursday’s scenario – that started playing just about the same time during Asian session.
  • #241,717
  • May 13, 2010 9:01pm May 13, 2010 9:01pm
Quoting Kramerica
Since there is no PA... this is pretty interesting

http://www.youtube.com/watch?v=eb1n1...os=WZ2fj3sltO4
Watched some of it, kind of interesting, but had the 'twilight zone' feel. I don't agree about the inflation part. I think we're headed towards deflation. When housing prices fall, banks will fail, stocks will fall, commodities will fall - Everyone will be looking to cash in on dollars, because they are broke, and need to sell everything...... Can't buy food with gold.
  • #241,718
  • May 13, 2010 9:03pm May 13, 2010 9:03pm
Quoting Clouds
Can't buy food with gold.
Very true...can't eat it either!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #241,719
  • May 13, 2010 9:04pm May 13, 2010 9:04pm
Quoting knuckledrag
Yes. Controlled way is the key. A full out crash would unravel their plans to be the only ones in control--(new world order shit). A full blown brake up of the Union would make it harder to pick up the pieces.

Knuckles has rounded the bend to crazy town.
dont worry controlled or not we will be there. hey and tit for tat.. the lower the euro the cheaper the Swiss and any other currency depending on euro trade. hey the Swiss are in a multi-decade wedge..verses usd.. so it wants to weaken even without euro help. so we get our French Villa cheap
those who can, do. those who cant, talk about those who can
  • #241,720
  • May 13, 2010 9:06pm May 13, 2010 9:06pm
looks like its trying to test higher

Worth holding for the night ?
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