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EURUSD

  • #281,641
  • Aug 13, 2010 6:54am Aug 13, 2010 6:54am
A peak at RiskOn/RiskOff....
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Click to Enlarge Name: chart 1.gif Size: 20 KB
Look Sharp/Trade Tight
  • #281,642
  • Aug 13, 2010 6:54am Aug 13, 2010 6:54am
Quoting wannaberich
but still sad that after all this time it still happens...
So true :s
COT: The precious data ignored
  • #281,643
  • Aug 13, 2010 6:56am Aug 13, 2010 6:56am
Quoting wannaberich
its what math said.. what i believe dont matter.. but if you want to know.. i believe 0.. i believe euro was so manipulated and its over priced against the 3 major commodity currencies that includes the kiwi. the euro is the anti dollar and it rode up on the coattails of commodities. so it should never been valued more then them. commodity currencies are backed by commodities just as gold has backed the past strong currencies. you need at least one of 3 things to support a strong currency. commodities, strong banking and/or manufacturing. ez lacks commodities, you be the judge on banking.. and you also be the judge on manufacturing.. i think the banking is bs and the manufacturing is losing market share to Asia. So it don't get better then today for Ez.. It slides lower till germany decides it cost too much. standards of living are going down.. then 0.. but math said .858
those who can, do. those who cant, talk about those who can
  • #281,644
  • Aug 13, 2010 6:57am Aug 13, 2010 6:57am
no definitive break, but a bounce off . There was no momentum behind the break of the low of 1.2880.

Could this be about it for a retrace on the Daily from the 200 day MA, and we go higher from here, break the 200 Day MA in a wave 5 type move from the pink trend line on the chart?

In the absence of a definitive break of the 12777 Fib, or even a fizzling break of 1.2777 down to the 50 day and that pink tentative trend line area, can you say HIGHER?
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  • #281,645
  • Aug 13, 2010 6:57am Aug 13, 2010 6:57am
Chatter of large stops under 45/50 in cable...again from yesterday
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Look Sharp/Trade Tight
  • #281,646
  • Aug 13, 2010 7:01am Aug 13, 2010 7:01am
Quoting sisse
Yes still some pips from a daily S and the move down is not convincing but come on, as you know only amateurs are trading a few minutes before key reports. Let's see the reaction on reports first.

sisse
Goldman don't turn the boxes off.
those who can, do. those who cant, talk about those who can
  • #281,647
  • Aug 13, 2010 7:01am Aug 13, 2010 7:01am
Quoting gatorinla
Goldman don't turn the boxes off.
Look Sharp/Trade Tight
  • #281,648
  • Aug 13, 2010 7:02am Aug 13, 2010 7:02am
Quoting gatorinla
Goldman don't turn the boxes off.
lol
COT: The precious data ignored
  • #281,649
  • Aug 13, 2010 7:05am Aug 13, 2010 7:05am
Tempting to long EC btw...downside is rejected, bouncing off 1,3480 supp
If it bounces off again once the news is done, it's a buy targeting at least 1,3630
COT: The precious data ignored
  • #281,650
  • Aug 13, 2010 7:07am Aug 13, 2010 7:07am
Quoting kuroro001
Tempting to long EC btw...downside is rejected, bouncing off 1,3480 supp
If it bounces off again once the news is done, it's a buy targeting at least 1,3630
Look at the last two 4h candle closes, isn`t that pretty bearish?
  • #281,651
  • Aug 13, 2010 7:09am Aug 13, 2010 7:09am
Quoting gatorinla
its what math said.. what i believe dont matter.. but if you want to know.. i believe 0.. i believe euro was so manipulated and its over priced against the 3 major commodity currencies that includes the kiwi. the euro is the anti dollar and it rode up on the coattails of commodities. so it should never been valued more then them. commodity currencies are backed by commodities just as gold has backed the past strong currencies. you need at least...
Gator. Europe has other things that matters in todays economy . 1 is science., skills and innovation (research from nukes to space rockets ). 2 infrastructure from fast trains to ports. 3 cheap labor, most of non europeans seem to forget that the eu has in its inner core cheap Eastern European labor that can compete with chinese labor if you take into account transportation. A romanian worker producing dacias exported worlwide by renault costs 300 $ a month. A czech engineer working in bi o technology gets 1000 $ a month. what europe doesnt have is political will and here i agree
Andreyou
  • #281,652
  • Aug 13, 2010 7:09am Aug 13, 2010 7:09am
Quoting kuroro001
Tempting to long EC btw...downside is rejected, bouncing off 1,3480 supp
If it bounces off again once the news is done, it's a buy targeting at least 1,3630
very sneaky that EC is
Look Sharp/Trade Tight
  • #281,653
  • Aug 13, 2010 7:09am Aug 13, 2010 7:09am
Dollar index has a reversing candle right on resistance though (which might become support) but the vol is the highest of today.

Something not right...everyone's expecting 1,2750 but i'm starting to think we won't go there today

News, NY and time will tell
COT: The precious data ignored
  • #281,654
  • Aug 13, 2010 7:09am Aug 13, 2010 7:09am
I'm reassessing after seeing such weak action below 1.2880. Entry Sell Stop canceled.

Looking for a long entry here. That weak action around 1.2880 portends at least a nice relief rally off the move down from 1.3300 is in the cards.
  • #281,655
  • Aug 13, 2010 7:10am Aug 13, 2010 7:10am
do you guys remember in january the fibre was badly positioned for EU... it was at the bottom of its then trading range just before NFP... then EU shot up.. well all i can say is deja vu
  • #281,656
  • Aug 13, 2010 7:15am Aug 13, 2010 7:15am
GU is now at the daily low and also the weekly low. It decreased so much this week and I believe if retail sales news report come worse than expectation (which has a good possibility due to weak USA economy), then eu will increase very quickly.

I will order a pending buy and sell from 15-20 pips market price. Hopefully it may bring some profit.
In forex, one currency is always up!
  • #281,657
  • Aug 13, 2010 7:15am Aug 13, 2010 7:15am
the Big Fig 1.2800. Will add to that position and lower my basis if we move lower.

It just smells right to me.
  • #281,658
  • Aug 13, 2010 7:18am Aug 13, 2010 7:18am
Quoting kidspips
GU is now at the daily low and also the weekly low. It decreased so much this week and I believe if retail sales news report come worse than expectation (which has a good possibility due to weak USA economy), then eu will increase very quickly.

I will order a pending buy and sell from 15-20 pips market price. Hopefully it may bring some profit.
usd and risk have an inverse relationship........
  • #281,659
  • Aug 13, 2010 7:21am Aug 13, 2010 7:21am
that good Eur news drive EU up, Bad Eur news drive EU down, good or bad USD news drive EU down.

so.... quite simple! next we have USD news. whatever they bring then EU is going down LOL

why do we even bother thinking
dreams do come true.
  • #281,660
  • Aug 13, 2010 7:22am Aug 13, 2010 7:22am
I have a buy order goin now, with a sell stop pending order 3 times the buy order incase if the price reverses after news))
Quoting kidspips
GU is now at the daily low and also the weekly low. It decreased so much this week and I believe if retail sales news report come worse than expectation (which has a good possibility due to weak USA economy), then eu will increase very quickly.

I will order a pending buy and sell from 15-20 pips market price. Hopefully it may bring some profit.
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