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  • #300,481
  • Oct 4, 2010 3:44pm Oct 4, 2010 3:44pm
Not necessarily... The Dow sometimes marks up quickly after close which allows it to drop slowly in Asia dragging Euro down but keeps Dow near fair value

Quoting jdlev
If the dow is making up points in the after market, its going to DECREASE the chances of the dollar dropping, and add strength to the EURO. People will be moving out of the US treasuries and back into stocks looking for greater returns which would in turn deflate the dollar. Not to mention the Asian equities were up big yesterday...which will increase people risk appetites in Europe...further shunning the dollar.
Disclaimer: Check your 1m charts
  • #300,482
  • Oct 4, 2010 3:45pm Oct 4, 2010 3:45pm
Quoting adrian07
I did not say anything about trading. was about what you post regarding problems of Eu vs US. nothing more. us need a weak dollar. US and EU have different financial systems.
"im 100% neutral". You do not seem neutral. no offence .
none taken.... dont worry I can take a lotta flak, but Ill give out just as much

all countries want their currencies to be weak.....its a race.

ask anyone who follows my posts and charts, they know im neutral. It might not seem that way because I portray situations in reality.
  • #300,483
  • Oct 4, 2010 3:45pm Oct 4, 2010 3:45pm
Quoting Redeemed1
Repubs will TRY to slash Obamas programs, primarily socialist healthcare and be more "business" friendly.
socialist healthcare - i hope you don't realy belive that.
  • #300,484
  • Oct 4, 2010 3:46pm Oct 4, 2010 3:46pm
Quoting FibbinArchie
Wild guess, I'd say 1.45 by Christmas, but I think it will re-test the bottom of the rising channel first. (approx. 1.32 area).
I think you're talking about the perfect storm to drop into the .32 areas:
1) US Equities Tank
2) QE2 doesn't go through and Big Bern does a 180
3) Housing Market/Factory Data Improves in US
4) European debt worries return.

Now AFTER Christmas, that's when things get interesting, because the Christmas shopping season that *should* prop up the market until January will no longer be in place.

I've seen some wacko predictions of 4200 on the dow by mid 2011.
  • #300,485
  • Oct 4, 2010 3:49pm Oct 4, 2010 3:49pm
the time that waves take could give the shape it will be . wave 4 is going to be a traingle as its making time fib higer than 1.618 of wave 2 so there is going to be a c to the upside followed be d finishing in e before its going down to 1.3620 area and that will be wave a of the correction to the downside
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  • #300,486
  • Oct 4, 2010 3:56pm Oct 4, 2010 3:56pm
Quoting bluesoul
what should be SL if take long position .368x,

should it be 3666 or lower ?

any suggestion plz
what TF?
  • #300,487
  • Oct 4, 2010 3:57pm Oct 4, 2010 3:57pm
Quoting jdlev
I think you're talking about the perfect storm to drop into the .32 areas:
1) US Equities Tank
2) QE2 doesn't go through and Big Bern does a 180
3) Housing Market/Factory Data Improves in US
4) European debt worries return.

Now AFTER Christmas, that's when things get interesting, because the Christmas shopping season that *should* prop up the market until January will no longer be in place.

I've seen some wacko predictions of 4200 on the dow by mid 2011.
One possible scenario out of I'm sure many plausible others. Also, I recall reading somewhere that QE could possibly be INTERPRETED as bullish usd (perhaps a little far fetched).
  • #300,488
  • Oct 4, 2010 3:58pm Oct 4, 2010 3:58pm
.. flatliner: this is about the only time of the day I have the opportunity to place trades.

Could anybody advise how to save mt4 charts that do not include open trade positions - I do find it distracting?
  • #300,489
  • Oct 4, 2010 3:58pm Oct 4, 2010 3:58pm
Quoting bluesoul
what should be SL if take long position .368x,

should it be 3666 or lower ?

any suggestion plz
should be atleast 3-4 pips below the current low of 1.3665. If it goes below this the down trend is likely to be resuming so you dont want to be in a long position!
  • #300,490
  • Oct 4, 2010 4:04pm Oct 4, 2010 4:04pm
Quoting FibbinArchie
One possible scenario out of I'm sure many plausible others. Also, I recall reading somewhere that QE could possibly be INTERPRETED as bullish usd (perhaps a little far fetched).
http://en.wikipedia.org/wiki/Carry_(investment)
"If The Fool persists in his Folly he will become wise." - William Blake
  • #300,491
  • Oct 4, 2010 4:05pm Oct 4, 2010 4:05pm
Quoting 2046
.. flatliner: this is about the only time of the day I have the opportunity to place trades.

Could anybody advise how to save mt4 charts that do not include open trade positions - I do find it distracting?
Download a second demo platform?
  • #300,492
  • Oct 4, 2010 4:05pm Oct 4, 2010 4:05pm
Quoting adrian07
what TF?
im a beginner, i meant long at 1.368x, and stop loss around 1.366x.

limit 40 - 50 pips

wats TF?
Holy Grail - Patience and Acceptance
  • #300,493
  • Oct 4, 2010 4:05pm Oct 4, 2010 4:05pm
Quoting FibbinArchie
One possible scenario out of I'm sure many plausible others. Also, I recall reading somewhere that QE could possibly be INTERPRETED as bullish usd (perhaps a little far fetched).
I read that too...that's why you have to keep an eye on the US treasuries. I've got an article on my blog that I just read about the inner working of the fed, and their targets for the QE2. You can find it here: http://www.pipsandhoes.com

Also...a big reason to worry about the dollar this week, US Unemployment:

http://finance.yahoo.com/news/Why-Fr...&asset=&ccode=
  • #300,494
  • Oct 4, 2010 4:07pm Oct 4, 2010 4:07pm
Quoting svet_an
should be atleast 3-4 pips below the current low of 1.3665. If it goes below this the down trend is likely to be resuming so you dont want to be in a long position!
I always wait for a candle (at the very least on the 5m chart, albeit 15m is much stronger indicator) to close outside of the range to indicate a breakout.
  • #300,495
  • Oct 4, 2010 4:13pm Oct 4, 2010 4:13pm
Quoting jdlev

Also...a big reason to worry about the dollar this week, US Unemployment:
flat to negative progress in E/U all week with a 200+ pip pop-up Friday on shitty NFP is a nice fantasy
"If The Fool persists in his Folly he will become wise." - William Blake
  • #300,496
  • Oct 4, 2010 4:15pm Oct 4, 2010 4:15pm
Quoting jdlev
I always wait for a candle (at the very least on the 5m chart, albeit 15m is much stronger indicator) to close outside of the range to indicate a breakout.
It is also an option but is a bit more conservative. I am more aggressive and like to get in trades as early as possible. Of course I am looking at couple of other presets that need to match my strategy before I execute... I dont just pull the trigger...
  • #300,497
  • Oct 4, 2010 4:15pm Oct 4, 2010 4:15pm
Quoting FibbinArchie
He's saying he wants to go long about 60 pips below that number...

Sorry...I meant to say .3675 (where I took a nice sum earlier today after shorting the euro)
  • #300,498
  • Oct 4, 2010 4:16pm Oct 4, 2010 4:16pm
Quoting jdlev
I think you're talking about the perfect storm to drop into the .32 areas:
1) US Equities Tank
2) QE2 doesn't go through and Big Bern does a 180
3) Housing Market/Factory Data Improves in US
4) European debt worries return.

Now AFTER Christmas, that's when things get interesting, because the Christmas shopping season that *should* prop up the market until January will no longer be in place.

I've seen some wacko predictions of 4200 on the dow by mid 2011.
Never going to happen so you can remove it from the choices
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #300,499
  • Oct 4, 2010 4:16pm Oct 4, 2010 4:16pm
Quoting The Fool
http://en.wikipedia.org/wiki/Carry_(investment)
Fundamentals aren't my forte, you wouldn't think I studied Economics at Uni would you. LOL

Thanks for the link...
  • #300,500
  • Oct 4, 2010 4:17pm Oct 4, 2010 4:17pm
Quoting The Fool
flat to negative progress in E/U all week with a 200+ pip pop-up Friday on shitty NFP is a nice fantasy
200 immediately...nah...it'll start to price that in on Thursday...but you'll see a move of at least 40 pips on the news...especially if it's alot worse than the forecast...

Another thing to take into account is whether the .3660 level holds. If it does, the move up is going to be much smaller than if we see a correction to the .35 levels...Lotta folks will be looking for a buy opportunity and for long trend continuation over the next few days. Question is how long to wait
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