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  • #245,421
  • May 20, 2010 9:50am May 20, 2010 9:50am
Hi,
I have already shorted at 1.2319 , anyone here can give me a advice to cutloss or wait for a drop ?
  • #245,422
  • May 20, 2010 9:52am May 20, 2010 9:52am
Quoting gatorinla
hey did you notice ej down to 2001 level... if it falls it aint gonna be good for stocks anywhere..
EURJPY, 2001 low levels at 89.59, aren't you confusing with today's USDJPY.
Currently EURJPY @ 110.38
Getting it right is NOT as important as not getting it wrong.
  • #245,423
  • May 20, 2010 9:55am May 20, 2010 9:55am
I went long from 1.2291 so far good I hope to see 1.2342 then i will sell.
  • #245,424
  • May 20, 2010 9:55am May 20, 2010 9:55am
I closed my trade for only 30 pips...i might reverse now
COT: The precious data ignored
  • #245,425
  • May 20, 2010 9:57am May 20, 2010 9:57am
2260?
  • #245,426
  • May 20, 2010 9:58am May 20, 2010 9:58am
Quoting gatorinla
eu may not stop till .8 .5.......fair value should not be higher for eu then aud/usd
The real test for the euro will probably be the NOV 2005 low at 1.1640 imho
If we can crack it, parity and below would then be very possible.
The monthly 200sma @1.1871, could offer a potential support ?

But I'm quite puzzled by the velocity of the move as we took a 3000 pips dive in less than 6 months...
Getting it right is NOT as important as not getting it wrong.
  • #245,427
  • May 20, 2010 9:58am May 20, 2010 9:58am
Quoting vntrader
Hi,
I have already shorted at 1.2319 , anyone here can give me a advice to cutloss or wait for a drop ?
If the Dow makes another push downward below -250, you might be able to shed that position with a small profit. If it keeps recovering much further, I'd dump it.

When it gets really volatile, you need to stay frosty with the mouse button.
Capital Preservation is key to long term wealth accumulation
  • #245,428
  • May 20, 2010 9:59am May 20, 2010 9:59am
still flat
Put on your Condom (SL) unless you want to get her pregnant (Acc Blow)
  • #245,429
  • May 20, 2010 9:59am May 20, 2010 9:59am
Quoting realjumper
I just made the same comment about BOJ intervention on the UJ thread.....Japan certainly won't be impressed with this!
maybe ............but remember japan gdp ratio... they are broke.. so its nots good either way.. they like ez are broke.. swiss in the same situation except they aren't broke yet but will be if they keep buying euros.. gbp is gonna follow.....all the central banks will stick a finger in the dike. but its doubtful they will stop a market..in a true free market euro would be a 0 value sum.. this aint a free market. governments are picking winners/lossers
those who can, do. those who cant, talk about those who can
  • #245,430
  • May 20, 2010 10:00am May 20, 2010 10:00am
Quoting zozie88
Im shorted from 1,23500 to 1,23000; and now i opened a new short position on 1,23190 to 1,2.... i hope we will check the 1,22800 zone in a few hours! Good Luck for all

Zozie
Damned.....i did the opposite. I enter long at 1.2330
  • #245,431
  • May 20, 2010 10:01am May 20, 2010 10:01am
Quoting MuddBuddha
If the Dow makes another push downward below -250, you might be able to shed that position with a small profit. If it keeps recovering much further, I'd dump it.

When it gets really volatile, you need to stay frosty with the mouse button.
U r totally right, always look at DOW when trading EU, always good to put s/l on BE
  • #245,432
  • May 20, 2010 10:02am May 20, 2010 10:02am
Quoting viljam
I went long from 1.2291 so far good I hope to see 1.2342 then i will sell.
I got my traget so far good i am out
  • #245,433
  • May 20, 2010 10:02am May 20, 2010 10:02am
Quoting MuddBuddha
If the Dow makes another push downward below -250, you might be able to shed that position with a small profit. If it keeps recovering much further, I'd dump it.

When it gets really volatile, you need to stay frosty with the mouse button.
Thanks very much. I'll pay attention...
  • #245,434
  • May 20, 2010 10:03am May 20, 2010 10:03am
Possible momentum bullish divergence on h1...
  • #245,435
  • May 20, 2010 10:03am May 20, 2010 10:03am
another test to 1.2380 perhaps
Know when to hold em, Know when to fold em!
  • #245,436
  • May 20, 2010 10:04am May 20, 2010 10:04am
Quoting T@rantula
U r totally right, always look at DOW when trading EU, always safe to put s/l on BE
It doesn't always correlate, but during high DJI market volatility, funds slosh back and forth as fund managers try to avoid losses; so it tends to have a tighter correlation during volatile periods.

During a ranging DJI, there is sometimes no correlation whatsoever.

Just something I've noticed over the last few years.
Capital Preservation is key to long term wealth accumulation
  • #245,437
  • May 20, 2010 10:04am May 20, 2010 10:04am
What do you think of this chart gator? Looks to me the bulls are still there.
Attached Image (click to enlarge)
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  • #245,438
  • May 20, 2010 10:05am May 20, 2010 10:05am
Quoting fxswing
EURJPY, 2001 low levels at 89.59, aren't you confusing with today's USDJPY.
Currently EURJPY @ 110.38
not the low of 2001 just the last time we were this low..just being below 2008 is a big deal.
Attached Image (click to enlarge)
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those who can, do. those who cant, talk about those who can
  • #245,439
  • May 20, 2010 10:05am May 20, 2010 10:05am
Don't forget that we're in full crisis mode people, what you're seeing, are not normal markets...
Getting it right is NOT as important as not getting it wrong.
  • #245,440
  • May 20, 2010 10:06am May 20, 2010 10:06am
Quoting gatorinla
maybe ............but remember japan gdp ratio... they are broke.. so its nots good either way.. they like ez are broke.. swiss in the same situation except they aren't broke yet but will be if they keep buying euros.. gbp is gonna follow.....all the central banks will stick a finger in the dike. but its doubtful they will stop a market..in a true free market euro would be a 0 value sum.. this aint a free market. governments are picking winners/lossers
True, but Japan has few resources to fuel their manufacturing industry. Imported raw material with an overvalued Yen makes it tough for them to sell the end product........
Doing what you like is Freedom. Liking what you do is Happiness.
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