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  • #276,981
  • Aug 2, 2010 5:34am Aug 2, 2010 5:34am
Quoting Natch
Yaz sir!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #276,982
  • Aug 2, 2010 5:34am Aug 2, 2010 5:34am
Quoting sisse
Yes everybody is waiting for this retrace to end. The move down in this area was out of panic so there are not good reference points for R. The question is until when?. The weekly chart provides a good picture on what you are saying. Right now the major weekly rejection before the panic bar in May (1.3094) is still holding but the US numbers keep going down and the European numbers keep holding.

If this is not the area for the final retrace the yellow area before the panic bar in the chart is my option but is not supported by price yet.

sisse

PS:...
Realy nice to view the chart. Do you believe the US data is strong enough for the further fall?
Read the chart... Fundies are catalyst...
  • #276,983
  • Aug 2, 2010 5:46am Aug 2, 2010 5:46am
Quoting realjumper
That would be good.....I liked Notch....I even had a good laugh at his choice of words at 'the end'......
Well it's Notch but I won't be having anymore public meltdowns...


AtLast,
I can't see the price penetrating 2990-3011 with conviction. 3182-3262 is attracting the price like a magnet.

Above 2990 for 3182 then 3262. Below 2990 for two half hour bars opens the way for 2890.

Long @ 3011. SL @ 2988. PT1: 3179 - PT2: 3259.
  • #276,984
  • Aug 2, 2010 5:52am Aug 2, 2010 5:52am
Quoting Natch
Well it's Notch but I won't be having anymore public meltdowns...
No disrespect intended......there are meltdowns, and then there are meltdowns with class.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #276,985
  • Aug 2, 2010 5:52am Aug 2, 2010 5:52am
Im still feeling this pair bearish... Anyways any idea guys?
  • #276,986
  • Aug 2, 2010 6:00am Aug 2, 2010 6:00am
Quoting realjumper
No disrespect intended......there are meltdowns, and then there are meltdowns with class.....


Do it big!
  • #276,987
  • Edited 6:31am Aug 2, 2010 6:03am | Edited 6:31am
Quoting PipHacker
Im still feeling this pair bearish... Anyways any idea guys?

Short @ 3064. SL @ 3092. PT: 3015
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  • #276,988
  • Aug 2, 2010 6:17am Aug 2, 2010 6:17am
Quoting natch
short @ 3064. Sl @ 3092. Pt: 3015
sell -13039 tp1-13019 tp2- 13000 tp3-12980 stop/sl-13080
Good companion, is a trophy.
  • #276,989
  • Aug 2, 2010 6:20am Aug 2, 2010 6:20am
Quoting yaser2us
sell -13039 tp1-13019 tp2- 13000 tp3-12980 stop/sl-13080
Why are you looking to see at the daily pivot?

Just wondering.......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #276,990
  • Aug 2, 2010 6:22am Aug 2, 2010 6:22am
Quoting Natch
Short @ 3064. SL @ 3092. PT: 3015
Im almost with u onthis short & still from daily and weekly chart the main trend seems down but dont know y E/U is still not going down like i expected ...Right know This Pairs Movement is bit slow... Lets see...
  • #276,991
  • Aug 2, 2010 6:22am Aug 2, 2010 6:22am
Hi Notch,
All I know is it has to go to 1.2972, and touch 1.2915 at some time. The trend is strongly up so it would take some change in sentiment to move this down more than 1 day is my guess.

Quoting Natch
Well it's Notch but I won't be having anymore public meltdowns...


AtLast,
I can't see the price penetrating 2990-3011 with conviction. 3182-3262 is attracting the price like a magnet.

Above 2990 for 3182 then 3262. Below 2990 for two half hour bars opens the way for 2890.

Long @ 3011. SL @ 2988. PT1: 3179 - PT2: 3259.
  • #276,992
  • Aug 2, 2010 6:25am Aug 2, 2010 6:25am
http://noir.bloomberg.com/apps/news?...d=aHz5saY8Z1G0
  • #276,993
  • Aug 2, 2010 6:27am Aug 2, 2010 6:27am
Quoting ubaidahsan
http://noir.bloomberg.com/apps/news?...d=aHz5saY8Z1G0
That's a very interesting article.....they can't ALL be wrong can they?!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #276,994
  • Aug 2, 2010 6:38am Aug 2, 2010 6:38am
Quoting Atlast
Hi Notch,
All I know is it has to go to 1.2972, and touch 1.2915 at some time. The trend is strongly up so it would take some change in sentiment to move this down more than 1 day is my guess.

Hi,
Well the market is coming into balance at the moment so a big move looks to be on the cards shortly. But until 2990 is taken out with conviction then I can't see the beginning of a down auction. But time will tell.
  • #276,995
  • Aug 2, 2010 6:41am Aug 2, 2010 6:41am
Quoting PipHacker
Im almost with u onthis short & still from daily and weekly chart the main trend seems down but dont know y E/U is still not going down like i expected ...Right know This Pairs Movement is bit slow... Lets see...
So at which point will you decide that the market is in an uptrend? Price above 200 day MA?
  • #276,996
  • Aug 2, 2010 6:45am Aug 2, 2010 6:45am
Good article. However, it can be interpreted two ways. On the one hand, yes definitively short term austerity can be really bad for growth so Euro going down is almost a 100% safe bet, but on the other hand, if austerity measures manage to correct the unbalances and fiscal problems in the major EZ (and UK) economies the outlook will be extremely positive after 2 or 3 quarters as the US (dollar) hasn't even start talking about on the mandatory reforms and austerity measure they have to do.

In other words what its bad for the short term will be very good in the long run. If the analysis in the article is right Jun low 1.1877 is the bottom.

sisse


Quoting realjumper
That's a very interesting article.....they can't ALL be wrong can they?!!
Pending conversations? PM for a chat...I am mainly in OTM now
  • #276,997
  • Aug 2, 2010 6:51am Aug 2, 2010 6:51am
Quoting sisse
Good article. However, it can be interpreted two ways. On the one hand, yes definitively short term austerity can be really bad for growth so Euro going down is almost a 100% safe bet, but on the other hand, if austerity measures manage to correct the unbalances and fiscal problems in the major EZ (and UK) economies the outlook will be extremely positive after 2 or 3 quarters as the US (dollar) hasn't even start talking about on the mandatory reforms and austerity measure they have to do.

In other words what its bad for the short term will...
Indeed. However the point that sparked my interest was the austerity comparison between USA and EZ......state wide vs country wide. That alone demonstrates that there is far more 'dead wood' hanging off the EZ, and that will be difficult to remedy.....far more difficult that fixing inter-state economic problems. I might be biased though because I have little faith in the ECB concept, and much less faith in that idiot Trichet!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #276,998
  • Aug 2, 2010 6:51am Aug 2, 2010 6:51am
IMO, No.

A very surprising numbers starting with NFP and unexpected bad German Factory Orders m/m can turn thing upside this week. But no, US data alone is not strong enough for the further fall. The fall short term will be from weaker numbers in Europe or further debt related problems more than strong numbers in the US. We'll see.

sisse

Quoting satheesh
Realy nice to view the chart. Do you believe the US data is strong enough for the further fall?
Pending conversations? PM for a chat...I am mainly in OTM now
  • #276,999
  • Aug 2, 2010 6:54am Aug 2, 2010 6:54am
Yes, do agree with you. I have the same doubts for the EZ, but on the other hand the old, lagging EZ countries always manage to surprise me. In good times they under-perform and behave chaotically, but in difficult times the manage things much better than the rest (which is very surprising giving the political complexities in the EZ).

sisse

Quoting realjumper
Indeed. However the point that sparked my interest was the austerity comparison between USA and EZ......state wide vs country wide. That alone demonstrates that there is far more 'dead wood' hanging off the EZ, and that will be difficult to remedy.....far more difficult that fixing inter-state economic problems. I might be biased though because I have little faith in the ECB concept, and much less faith in that idiot Trichet!!
Pending conversations? PM for a chat...I am mainly in OTM now
  • #277,000
  • Aug 2, 2010 7:11am Aug 2, 2010 7:11am
http://www.bloomberg.com/news/2010-0...austerity.html
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