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  • #252,841
  • Jun 4, 2010 6:53am Jun 4, 2010 6:53am
patience pays off........looking for somewhere around 1.1908
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  • #252,842
  • Jun 4, 2010 6:53am Jun 4, 2010 6:53am
It is taking a breather before another 50 pips whoossshhhh !!!
  • #252,843
  • Jun 4, 2010 6:53am Jun 4, 2010 6:53am
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
1.2000 Ah, baby is coming home
Being right is one, taking it from the table is two.
  • #252,844
  • Jun 4, 2010 6:53am Jun 4, 2010 6:53am
I talked a bit with fontu yesterday. I was confiedent that ECB step in to avoid more volatility and because of their barking against specu's but they also said, that a weak euro is ok for now (exports).

This changed my mind in a way. Sorros and Co have an easy game right now, I think ECB won't intervene untill 1.10 (?).
I think if no intervene, the Euro will fall to parity some time, as I said yesterday: Only if ECB (and they do not) can keep Euro up and no new low, than a big reversal can occur but if they have no big interest right now, Euro will drop further and we will have another disaster programmed.

Exaggerations are not good, this causes possibilities of unknown outcomes(see world war 2).

Thanks ECB destabilizing whole world economy much more. Great. When do these stupids beginn to think in processes and not just on export-numbers ?

Jack
  • #252,845
  • Jun 4, 2010 6:54am Jun 4, 2010 6:54am
Well 2096 is the weekly support..
  • #252,846
  • Jun 4, 2010 6:54am Jun 4, 2010 6:54am
no blowjob for you sky
  • #252,847
  • Jun 4, 2010 6:54am Jun 4, 2010 6:54am
6 minutes

gulp
  • #252,848
  • Jun 4, 2010 6:54am Jun 4, 2010 6:54am
http://www.businessweek.com/news/201...int-falls.html


The line that should stand out from the article:


“It’s no exaggeration” to talk about a default, Szijjarto (spokesman for Prime Minister Viktor Orban) said today.
  • #252,849
  • Jun 4, 2010 6:55am Jun 4, 2010 6:55am
Quoting darius
Adam Lass is right?? He is predicting 4 June to be the D-day.
He wrote this in May when stocks were collapsing already..

Today they expecting good job numbers 500k+ and I'm expecting

200K, if numbers hit my target then we could see Black Friday writing

by Adam.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #252,850
  • Jun 4, 2010 6:55am Jun 4, 2010 6:55am
Against the grain. Pending long @1995 1 standard, tp 2560, sl 1775
All that is left in FF is just plain garbage. "Cloggie"
  • #252,851
  • Jun 4, 2010 6:55am Jun 4, 2010 6:55am
I dun think the NFP numbers gonna make much of a difference to where this baby is heading, if anything it is gonna accelerate the fall. We shall see.
  • #252,852
  • Jun 4, 2010 6:56am Jun 4, 2010 6:56am
Quoting black mamba
Thanks to FXCM's inefficency......Made an extra 50 pips!
hahaha nice one! epic
  • #252,853
  • Jun 4, 2010 6:57am Jun 4, 2010 6:57am
lets see if 2nd wave can come before NFP
  • #252,854
  • Jun 4, 2010 6:57am Jun 4, 2010 6:57am
nice push.. lets get above the line and hold it now
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those who can, do. those who cant, talk about those who can
  • #252,855
  • Jun 4, 2010 6:58am Jun 4, 2010 6:58am
Quoting mfoste1
patience pays off........looking for somewhere around 1.1908
This is a bear trop.. ECB and FEDS will step in after the News..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #252,856
  • Jun 4, 2010 6:58am Jun 4, 2010 6:58am
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting tonyo524
Against the grain. Pending long @1995 1 standard, tp 2560, sl 1775
Am on the sidelines, with a buy stop at 1.1920 and SL 1.1880, target open.
Being right is one, taking it from the table is two.
  • #252,857
  • Jun 4, 2010 6:58am Jun 4, 2010 6:58am
Quoting SkyzerFX
This is a bear trop.. ECB and FEDS will step in after the News..
Man if that is the case.....

Bear people should Hedge.
  • #252,858
  • Jun 4, 2010 6:58am Jun 4, 2010 6:58am
Quoting macsetta
Hungary is a small, very small country. Yes, it was only an excuse... And a special government worked hard on solving the problems in the last year. They build castle out of trash... and finally started to handle the situation. Now, after the election the elected party and its leaders try to tell the people that "oh, the situation is worse than we thought so we cannot keep what we had promised". The problem is that they are so stupid, that did not think of the possible consequences it would have on HUF and the opinion about the country and its...
Problem is that Hungary is saying that a default is very possible, and that if Hungary is in that a bad shape what other eastern state will fall just after (and there's a lot of them in bad shape).
Looks like contagion to me and that we haven't seen the full extend of the European crisis.
Dollar will serve as safe heaven, even if it's not, but there's not a lot of alternatives...

To me looks like we could see 1.1875 very soon, perhaps Monday or during next week.
Getting it right is NOT as important as not getting it wrong.
  • #252,859
  • Edited 7:01am Jun 4, 2010 6:59am | Edited 7:01am
Like a wolf in the night the SNB waits in the dark. Just when the market is overconfident and overshort it will pounce and devour its prey. Beware .... and the best time to strike will be after the NFP .... look at EUR/CHF its just sucking in the shorts.
" THE BRAIN IS LIKE A PARACHUTE ... WORKS BEST WHEN OPEN "
  • #252,860
  • Jun 4, 2010 7:00am Jun 4, 2010 7:00am
Seems to me someone is intervening already, look at the tick charts..... slowly but seems like interventions....
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