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EURUSD

  • #263,681
  • Jun 25, 2010 12:49pm Jun 25, 2010 12:49pm
I had another person on Twitter today dispute my calls for more longs. Too bad I bailed out early this morning, but I got bored with waiting for price to break 1.23. The most boring morning ever. All in all, I called more longs thou shall get more longs.

Daily showing a bullish engulf, expect more longs Sunday/Monday. Price is in an upwards channel. Monthly timeframe shows bullish pin bar so next week I'm expecting the month to start out Bullish
  • #263,682
  • Jun 25, 2010 12:50pm Jun 25, 2010 12:50pm
Quoting uraceulose
u missed the point..it's not a joke
Sorry cellulose,
what the rest of the parable? http://cdn.forexfactory.com/images/icons/icon7.gif
  • #263,683
  • Jun 25, 2010 12:53pm Jun 25, 2010 12:53pm
I thought the Dow was toppy last week (Friday) at 10450ish. It hasn't shown any sign of strength this week either. The correlation has weakened quite a bit this week, shorting the EUR/USD in the afternoon US session has not been fun.

I had week-end positions the last two week-ends, and it's really not my style.

Given the PA, and the charts, I think it would be crazy to hold a short over the week-end. What is the market telling you it wants to do?
  • #263,684
  • Jun 25, 2010 12:55pm Jun 25, 2010 12:55pm
Quoting chowur
Sorry cellulose,
what the rest of the parable? http://cdn.forexfactory.com/images/icons/icon7.gif
check last page
  • #263,685
  • Jun 25, 2010 12:59pm Jun 25, 2010 12:59pm
Quoting j_d
check last page
tHANKS JD- found it
  • #263,686
  • Jun 25, 2010 1:01pm Jun 25, 2010 1:01pm
Quoting SkyzerFX
Don't worship gator too much, EU might stop going South any day

now and shorts going to be left in dust, but since you do

have SL at BE, you should be fine... Cheers..

Dollar at 85.34
hold above 2454.2 and we will talk. but i am scalping. and if it turns i will be long. i got a pending short at 2646. also usdx may have bottomed.. using a fib and a tl its sitting on atm 85.25//fib 85.17
those who can, do. those who cant, talk about those who can
  • #263,687
  • Jun 25, 2010 1:03pm Jun 25, 2010 1:03pm
Quoting chowur
Sorry cellulose,
what the rest of the parable? http://cdn.forexfactory.com/images/icons/icon7.gif
aint no thang brotha..that was the whole "parable"...the point is that the same 100 dollars pays back multiple debts even though it's just that one 100 dollars
  • #263,688
  • Jun 25, 2010 1:04pm Jun 25, 2010 1:04pm
Quoting gatorinla
hold above 2454.2 and we will talk. but i am scalping. and if it turns i will be long. i got a pending short at 2646
that's about my limit too...2621 to be exact.

edit: well I ended this week down again about 2 percent too..dang. didn't take many trades either..dang g/j ate me up a couple times.

over and out for a bit. cya guys
  • #263,689
  • Jun 25, 2010 1:06pm Jun 25, 2010 1:06pm
Quoting Xaron
Not going to happen in your lifetime.
price can get to anywhere...1.1 is not far we are already 1.2 so u cant stop that if eur economy keep moving south
  • #263,690
  • Jun 25, 2010 1:12pm Jun 25, 2010 1:12pm
Quoting uraceulose
that's about my limit too...2621 to be exact.

edit: well I ended this week down again about 2 percent too..dang. didn't take many trades either..dang g/j ate me up a couple times.

over and out for a bit. cya guys
need to treat it like a range for now. lock in green early..
those who can, do. those who cant, talk about those who can
  • #263,691
  • Jun 25, 2010 1:15pm Jun 25, 2010 1:15pm
Quoting learntowin
IMO,

Change view :

USD is going to Decline

Keep Buying @ Dips :

EUR / USD
GBP / USD
AUD / USD
Gold / USD

Keep Selling on Rallies :

USD / CHF

So lucky this week

Looks Good so far

Still Keep them over weekends

Enjoy Nice weekends All
  • #263,692
  • Jun 25, 2010 1:19pm Jun 25, 2010 1:19pm
Quoting uraceulose
aint no thang brotha..that was the whole "parable"...the point is that the same 100 dollars pays back multiple debts even though it's just that one 100 dollars
That's an illustration of velocity of money. And it's the reason why Helo Ben can dump liquidity into the markets without getting runaway inflation.

MV = PQ

Here's an article on velocity; check out the graphs of velocity (the lowest number for velocity is theoretically 1). I can't find a current number for velocity, but it's at Great Depression levels. http://news.goldseek.com/MillenniumW...1209326748.php


Your parable reminds me of a funny joke I heard near the beginning of the mortgage crisis ... 'A rolling loan gathers no loss.'
  • #263,693
  • Jun 25, 2010 1:19pm Jun 25, 2010 1:19pm
worse then yesterday. still watching
Attached Image(s) (click to enlarge)
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those who can, do. those who cant, talk about those who can
  • #263,694
  • Jun 25, 2010 1:30pm Jun 25, 2010 1:30pm
Quoting gatorinla
worse then yesterday. still watching
http://www.zerohedge.com/article/eur...ll-time-record

http://www.zerohedge.com/article/sne...e-eurusd-rally
  • #263,695
  • Jun 25, 2010 1:48pm Jun 25, 2010 1:48pm
Quoting iflyjetzzz
That's an illustration of velocity of money. And it's the reason why Helo Ben can dump liquidity into the markets without getting runaway inflation.

MV = PQ

Here's an article on velocity; check out the graphs of velocity (the lowest number for velocity is theoretically 1). I can't find a current number for velocity, but it's at Great Depression levels. http://news.goldseek.com/MillenniumW...1209326748.php


Your parable reminds me of a funny joke I heard near the beginning of the mortgage crisis ... 'A rolling loan gathers...
printed money(digital not printed) that was loaned to banks. it was loaned just in case of a bank run and to keep banks solvent during normal business. most of this money was never used. banks weren't lending. they were hording money coming in. some was paid paid back to Fed without ever getting into the system, further then the banks. banks hording money takes money out the system making it more valuable. welcome stronger usd. bad economy means less loans.. = more hording/more hording = bad economy..
its still a cluster--------. but the u.s. printing press news was overblown. the European central bank printed money will get into the system. the bonds sold are for running the country's as well as paying debt. add a shrunken economy from market share losses.. high social cost and all that goes with it..
those who can, do. those who cant, talk about those who can
  • #263,696
  • Jun 25, 2010 2:04pm Jun 25, 2010 2:04pm
Quoting T@rantula
Bulls attack.

2420 retest opens up 25xx levels
Attachment
This is still valid
  • #263,697
  • Jun 25, 2010 2:21pm Jun 25, 2010 2:21pm
The ratio of buyers to sellers for the EURUSD is -1.20

This signifies that there are -1.20 sellers for every 1 buyer.

Retail positioning is a contrarian indicator so further upside is expected.
http://i260.photobucket.com/albums/i...20100625142039
  • #263,698
  • Jun 25, 2010 2:53pm Jun 25, 2010 2:53pm
Quoting gatorinla
need to treat it like a range for now. lock in green early..
just got back from lunch, thank you sir. i've been taking some losses these last few weeks...I moved up to 30M minimum tf. the range is hard for me to decipher, bottom is obvious but I've been hanging on to both longs and shorts for too long and giving back 30-40 percent of the profits. i don't think by any means this is a trend change, not yet. i figured 1.50 would provide a nice bounce on GU and was dead wrong there.
i should really just wait...i'll learn eventually. never quit
  • #263,699
  • Jun 25, 2010 3:11pm Jun 25, 2010 3:11pm
Quoting uraceulose
just got back from lunch, thank you sir. i've been taking some losses these last few weeks...I moved up to 30M minimum tf. the range is hard for me to decipher, bottom is obvious but I've been hanging on to both longs and shorts for too long and giving back 30-40 percent of the profits. i don't think by any means this is a trend change, not yet. i figured 1.50 would provide a nice bounce on GU and was dead wrong there.
i should really just wait...i'll learn eventually. never quit
EZ everybody!

I'm sorry to say Sir, but I have the same problem as you... Something tells me that EURUSD will touch the ground sooner than later, but we can not expect the manipulative moves. I was expecting that EURJPY will turn up and then it did and so GBPUSD from 1.49, but I didn't think the move will be such as huge as it was... Only thing that we can do is realizing the profit before "something strange" happens... I don't think anybody can see clearly what's going on except the BIG BROTHERS up there... Have a nice weekend all!
  • #263,700
  • Jun 25, 2010 3:33pm Jun 25, 2010 3:33pm
Quoting gatorinla
hold above 2454.2 and we will talk. but i am scalping. and if it turns i will be long. i got a pending short at 2646. also usdx may have bottomed.. using a fib and a tl its sitting on atm 85.25//fib 85.17

interesting... a top for eu may be coming soon: http://www.forexfactory.com/showpost...postcount=3680
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