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  • #266,681
  • Jul 2, 2010 7:57am Jul 2, 2010 7:57am
Quoting kribby
Are you going long now, if so whats your take profit?

Thanks in advance
ya, may be in the range of 2645
  • #266,682
  • Jul 2, 2010 7:57am Jul 2, 2010 7:57am
Looking at Daily I see 1.2674 Resistance

That be "V" Head and shoulders?
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  • #266,683
  • Jul 2, 2010 7:58am Jul 2, 2010 7:58am
Quoting RebelRed
Yes, but the market tends to focus heavily on the private jobs part of the report, not the public---especially because this is a Census year.

Not saying it's all roses, just looking at what the market looks at, expects and reacts to. And that's why we're not see a 200 pip move in minutes.
Even CNBC is less than enthused about these numbers. That should be enough of an indication that they're not good numbers.
I also think that you're underestimating how much of a drag state and municipal job cuts will be over this year. And I expect to see the Federal government cancel a lot of contracts next fiscal year; things will likely be extremely bloody in DC real estate after that happens.

This is not central bank intervention; this is delevering by the big boys. The short EURUSD has been getting to be a crowded trade over the last couple of months.
  • #266,684
  • Jul 2, 2010 7:58am Jul 2, 2010 7:58am
Quoting d-Squared
How about this as a target Byn?

David
(ps check your MTF Fractals thread for this indi)
lol that chart looks like a spider got wasted
  • #266,685
  • Jul 2, 2010 7:59am Jul 2, 2010 7:59am
Quoting Masrim
This could be a flag forming on the H4. I'm not so certain though as to take fresh positions. A tiny long might be worth it tho, just for the sport of speculation
Good entry, hope someone followed.
  • #266,686
  • Jul 2, 2010 8:02am Jul 2, 2010 8:02am
Forgot the chart, amazingly that level (1.2674) is also 23.6 FIB

LOOK:
Attached Image (click to enlarge)
Click to Enlarge Name: eu_daily_j2_126.jpg Size: 79 KB
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  • #266,687
  • Jul 2, 2010 8:02am Jul 2, 2010 8:02am
Quoting d-Squared
How about this as a target Byn?

David
(ps check your MTF Fractals thread for this indi)
Haha are you using that indi?? only use that as a guide mate..
What I then do is zoom in and see what the price action will do at that level. It will help in times like this as you need the upper trend line channels for resistance..

Good luck to ya
  • #266,688
  • Jul 2, 2010 8:02am Jul 2, 2010 8:02am
Quoting mfoste1
lol that chart looks like a spider got wasted
You got that right... not my idea (Byn requested). Looks a mess... but interesting...

David
  • #266,689
  • Jul 2, 2010 8:02am Jul 2, 2010 8:02am
Dont sell it yet kids.......Bull trap closes at 2622>
  • #266,690
  • Jul 2, 2010 8:02am Jul 2, 2010 8:02am
can bulls hold their energy to break 2600?
If only,.....
  • #266,691
  • Jul 2, 2010 8:03am Jul 2, 2010 8:03am
Quoting Byn
Haha are you using that indi?? only use that as a guide mate..
What I then do is zoom in and see what the price action will do at that level. It will help in times like this as you need the upper trend line channels for resistance..

Good luck to ya
GL to you too Byn.

David
  • #266,692
  • Jul 2, 2010 8:06am Jul 2, 2010 8:06am
my SL triggered at 2580. Shall short at 2570.
  • #266,693
  • Jul 2, 2010 8:06am Jul 2, 2010 8:06am
sold at 1.2610
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  • #266,694
  • Jul 2, 2010 8:07am Jul 2, 2010 8:07am
USDx dropping like a rock. I think it wants to test

Uptrend support line
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  • #266,695
  • Jul 2, 2010 8:07am Jul 2, 2010 8:07am
ive been shorting eu since 1.24 and looks like am gonna be royally stuffed what can i say... i love going against the market
  • #266,696
  • Jul 2, 2010 8:07am Jul 2, 2010 8:07am
Quoting iflyjetzzz

This is not central bank intervention; this is delevering by the big boys. The short EURUSD has been getting to be a crowded trade over the last couple of months.
That's exactly also my point of view, fontu also believes of unwinding positions(shorts) in the 1.30 area (of big boys.)
The problem big ones have, that the bail out and the bonds selling is too good.
I know lots of people think here we see a new low. I think it's over. The "breakfast" meeting from Sorros' friends is over.

I made money today, clicked one time buy and not sell, cost me 2/3 of my profits today .

Pros play still not valid. hope for fast retrace to 1.30's area, that the big short covering is over and we can get back to normal since 4 month.

JAck
  • #266,697
  • Jul 2, 2010 8:07am Jul 2, 2010 8:07am
what wd be 10 year bond yield now?
  • #266,698
  • Jul 2, 2010 8:08am Jul 2, 2010 8:08am
False brake of SMA 50 Daily chart?????? let's see.......
  • #266,699
  • Jul 2, 2010 8:09am Jul 2, 2010 8:09am
Quoting d-Squared
You got that right... not my idea (Byn requested). Looks a mess... but interesting...

David
Oh thanks David.. Top man, I just checked the post.. I know it looks a mess, but add the indi and then drop down the charts and you will find something interesting.. use this with support from horizontal S&R and I think we maybe on to a winner here..
  • #266,700
  • Jul 2, 2010 8:11am Jul 2, 2010 8:11am
http://www.forexlive.com/116860/all/...-offers-emerge
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