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  • #299,541
  • Oct 1, 2010 7:30am Oct 1, 2010 7:30am
If we follow a strict daily trending , PA is currently above 5/8 level, and that is bullish level. Possible top Black Widow gives me is 3824.
Im long again @ 3727
  • #299,542
  • Oct 1, 2010 7:33am Oct 1, 2010 7:33am
Guys, you might know me as an almost perma USD bear but this move lately really scares me. Looks like short covering for me. Euro bulls be careful, nothing has changed in favor of the Euro, and I have my doubts about this QE2 thing. I'm short here for a target around 1.3250 within the next weeks. It might go up to 1.3820 first but I have my doubts it will go much higher for NOW.
  • #299,543
  • Oct 1, 2010 7:35am Oct 1, 2010 7:35am
Quoting Xaron
Guys, you might know me as an almost perma USD bear but this move lately really scares me. Looks like short covering for me. Euro bulls be careful, nothing has changed in favor of the Euro, and I have my doubts about this QE2 thing. I'm short here for a target around 1.3250 within the next weeks. It might go up to 1.3820 first but I have my doubts it will go much higher for NOW.
Read the Dudley speech just came in.
They are already talking about 500b. so we have a sure thing.

You may be right.
Especially since it's a buy rumor sell news event.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #299,544
  • Oct 1, 2010 7:36am Oct 1, 2010 7:36am
This is 1min tf setup - kind of spike - not usually very sustainable and furthermore, if price gets up reaaching intraday HH, then most likely there would be nice div on RSI so it will come down fast.
They think they are smarter than I am.
  • #299,545
  • Oct 1, 2010 7:37am Oct 1, 2010 7:37am
Quoting Xaron
Guys, you might know me as an almost perma USD bear but this move lately really scares me. Looks like short covering for me. Euro bulls be careful, nothing has changed in favor of the Euro, and I have my doubts about this QE2 thing. I'm short here for a target around 1.3250 within the next weeks. It might go up to 1.3820 first but I have my doubts it will go much higher for NOW.
Short covering has been since 3500 levels, we are in a positive reversal since august.
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  • #299,546
  • Oct 1, 2010 7:37am Oct 1, 2010 7:37am
Quoting DMA Trader
Read the Dudley speech just came in.
They are already talking about 500b. so we have a sure thing.

You may be right.
Especially since it's a buy rumor sell news event.
That's priced in already. I have no doubts that the Dollar will suffer in the long run but this huge move within 2 weeks without any retracement is not normal.

USD/JPY is at insane levels as well. Might spike up really soon as treasury yields can't be stay low forever...
  • #299,547
  • Oct 1, 2010 7:37am Oct 1, 2010 7:37am
Quoting Xaron
Guys, you might know me as an almost perma USD bear but this move lately really scares me. Looks like short covering for me. Euro bulls be careful, nothing has changed in favor of the Euro, and I have my doubts about this QE2 thing. I'm short here for a target around 1.3250 within the next weeks. It might go up to 1.3820 first but I have my doubts it will go much higher for NOW.
I'm with you on that one Xaron, been getting bearish feelings for a week now.
I operate with clear definite rules, if I break them I lose BIG!
  • #299,548
  • Oct 1, 2010 7:38am Oct 1, 2010 7:38am
Dudley: Current Economic Situation Is 'Wholly Unsatisfactory'

Fed's Dudley: Further Fed Action To Support Economy Is 'Likely'


DJ Dudley: Inflation Too Low, Unemployment Too High For Fed

DJ Dudley: $500B Asset Buy Equals Rate Cut Of 50 To 75 Basis Points
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #299,549
  • Oct 1, 2010 7:38am Oct 1, 2010 7:38am
Quoting Xaron
That's priced in already. I have no doubts that the Dollar will suffer in the long run but this huge move within 2 weeks without any retracement is not normal.

USD/JPY is at insane levels as well. Might spike up really soon as treasury yields can't be stay low forever...
I agree.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #299,550
  • Oct 1, 2010 7:42am Oct 1, 2010 7:42am
Quoting Xaron
Guys, you might know me as an almost perma USD bear but this move lately really scares me. Looks like short covering for me. Euro bulls be careful, nothing has changed in favor of the Euro, and I have my doubts about this QE2 thing. I'm short here for a target around 1.3250 within the next weeks. It might go up to 1.3820 first but I have my doubts it will go much higher for NOW.
Hey bro
Remember this bro , Unfortunately u stop reply my post
2 July and 6 August 2010
http://www.forexfactory.com/showpost...8&postcount=85
http://www.forexfactory.com/showpost...6&postcount=50
No change to my plan
  • #299,551
  • Oct 1, 2010 7:43am Oct 1, 2010 7:43am
Quoting DMA Trader
DJ Dudley: $500B Asset Buy Equals Rate Cut Of 50 To 75 Basis Points
So that would equal to negative interest rates. I guess it's just to increase the pressure against China. China will have to hike otherwise their inflation will go though the floor. Gold price will collapse as well.
  • #299,552
  • Oct 1, 2010 7:43am Oct 1, 2010 7:43am
  •  jet4x
  • | Joined Aug 2010 | Status: slow & steady turtle wins the race | 168 Posts
Quoting T@rantula
If we follow a strict daily trending , PA is currently above 5/8 level, and that is bullish level. Possible top Black Widow gives me is 3824.
Im long again @ 3727
hey even im long.....what are your tp's????
  • #299,553
  • Oct 1, 2010 7:45am Oct 1, 2010 7:45am
Quoting egkid
Hey bro
Remember this bro , Unfortunately u stop reply my post
2 July and 6 August 2010
http://www.forexfactory.com/showpost...8&postcount=85
http://www.forexfactory.com/showpost...6&postcount=50
No change to my plan
Ah I'm sorry, will take a look into this.

I would even short my beloved Aussie now if the rollover wouldn't be that bad. I see it dropping hard within the next months...
  • #299,554
  • Oct 1, 2010 7:45am Oct 1, 2010 7:45am
Quoting Icannaesee
I'm with you on that one Xaron, been getting bearish feelings for a week now.
Bearish feelings are only corrective in nature as EUR is in strong bullish mode. Corrections are imminent. As for intraday we can expect 3619 zone retest ONLY if the pair makes a clear break of 3675
  • #299,555
  • Oct 1, 2010 7:47am Oct 1, 2010 7:47am
  •  jet4x
  • | Joined Aug 2010 | Status: slow & steady turtle wins the race | 168 Posts
Quoting T@rantula
Bearish feelings are only corrective in nature as EUR is in strong bullish mode. Corrections are imminent. As for intraday we can expect 3619 zone retest ONLY if the pair makes a clear break of 3675
im long on eur/usd at the moment.....shall i keep this trade on or???
  • #299,556
  • Oct 1, 2010 7:48am Oct 1, 2010 7:48am
sl 1.3742

hapipipin
dreams do come true.
  • #299,557
  • Oct 1, 2010 7:49am Oct 1, 2010 7:49am
Quoting Xaron
Guys, you might know me as an almost perma USD bear but this move lately really scares me. Looks like short covering for me. Euro bulls be careful, nothing has changed in favor of the Euro, and I have my doubts about this QE2 thing. I'm short here for a target around 1.3250 within the next weeks. It might go up to 1.3820 first but I have my doubts it will go much higher for NOW.
Im curious about your perspective from Germany when you say "nothing has changed in favor of the Euro"? I've seen your posts before, and you are usually right on.
  • #299,558
  • Oct 1, 2010 7:50am Oct 1, 2010 7:50am
Quoting T@rantula
Bearish feelings are only corrective in nature as EUR is in strong bullish mode. Corrections are imminent. As for intraday we can expect 3619 zone retest ONLY if the pair makes a clear break of 3675
Spike might be just a test to see if pack enough power for real push and to see bear power first?

Crude is not dropping, cfds are up.......just wondering.
They think they are smarter than I am.
  • #299,559
  • Oct 1, 2010 7:50am Oct 1, 2010 7:50am
Quoting Xaron
That's priced in already. I have no doubts that the Dollar will suffer in the long run but this huge move within 2 weeks without any retracement is not normal.

USD/JPY is at insane levels as well. Might spike up really soon as treasury yields can't be stay low forever...

Hi Xaron

Do you remember the strategy in 2007 with semi martingale, add on next if a loss but not the double up thing...?

Anyway, how did it go? Keen on doing something similar...
  • #299,560
  • Oct 1, 2010 7:50am Oct 1, 2010 7:50am
  •  jet4x
  • | Joined Aug 2010 | Status: slow & steady turtle wins the race | 168 Posts
Quoting wannaberich
sl 1.3742

hapipipin
ur short????
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