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  • #300,501
  • Oct 4, 2010 4:18pm Oct 4, 2010 4:18pm
i believe this Asia session is gonna be interesting?
  • #300,502
  • Oct 4, 2010 4:18pm Oct 4, 2010 4:18pm
Quoting jdlev
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=
Cool, thanks...
  • #300,503
  • Oct 4, 2010 4:19pm Oct 4, 2010 4:19pm
Quoting Bootleger
Never going to happen so you can remove it from the choices
That's why I'm preaching 1.35!!
  • #300,504
  • Oct 4, 2010 4:19pm Oct 4, 2010 4:19pm
Quoting Vladimir1987
i believe this Asia session is gonna be interesting?
Continuation of the decline
  • #300,505
  • Oct 4, 2010 4:22pm Oct 4, 2010 4:22pm
Quoting Vladimir1987
i believe this Asia session is gonna be interesting?
Nah...I think you'll see it stick to a range of around 30-50 pips. Now come 3am, when all those crazy Europeans get their fingers on their keyboards...then you'll see some price movement. Could be big if it breaks the .3660 level too.
  • #300,506
  • Oct 4, 2010 4:23pm Oct 4, 2010 4:23pm
Quoting Vladimir1987
i believe this Asia session is gonna be interesting?
Yup. Its the perfect time for EU to break 1.3660 support.

Otherwise, I am expecting 1.38 again.
In forex, one currency is always up!
  • #300,507
  • Oct 4, 2010 4:24pm Oct 4, 2010 4:24pm
We will see if that consolidation takes us further down before a new pop up to 1.40
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #300,508
  • Oct 4, 2010 4:24pm Oct 4, 2010 4:24pm
Quoting jdlev
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

Not so long ago NFP used to swing 150 pips in each direction within minutes before she would move in a real direction.
  • #300,509
  • Oct 4, 2010 4:26pm Oct 4, 2010 4:26pm
Quoting Bootleger
We will see if that consolidation takes us further down before a new pop up to 1.40
You believe thats only a consolidation? not a serious down move which might become a trend?
  • #300,510
  • Oct 4, 2010 4:29pm Oct 4, 2010 4:29pm
Quoting svet_an
You believe thats only a consolidation? not a serious down move which might become a trend?
That trend is clearly up, if it goes down to 1.35-1.32 then you fill up with more Euros. Trend is your friend
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #300,511
  • Oct 4, 2010 4:29pm Oct 4, 2010 4:29pm
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
im looking at 3668 as pivotal. getting a toe below 3659 should open the gate to a counter-trend trade to 3456.5 3436.5.......... 3456 would be the stronger. below this re-evaluate time.

if 3668 then 3659 is not breached.. then up we go.. resistance at 38051 getting stronger @ 3879.4... older chart that stopped this move at 3334 (last recent top) has resistance at 3855... targets on these 2 charts go to much higher..

st chart has 3859.

#s are precise within a pip r 2

next baby bear completes at 3663, so a slip to 3659 is expected as a support type bounce at or near it. it may be a good place to close, then reload after bounce at one of the posted levels as resistance.
those who can, do. those who cant, talk about those who can
  • #300,512
  • Oct 4, 2010 4:30pm Oct 4, 2010 4:30pm
Quoting jdlev
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
Hey I said it was a fantasy - I'd like to see a better retrace. If we have small ACB's intervening on USD behalf continuing in coming days we may get it.

re: NFP - the results are in the charts, free to look back & see. I did not say 200 pips "immediate" - but sure that would be fine. NFP, FOMC and a few others - trade them well or stay away - either way can make a big difference in your bottom line
"If The Fool persists in his Folly he will become wise." - William Blake
  • #300,513
  • Oct 4, 2010 4:31pm Oct 4, 2010 4:31pm
Quoting svet_an
You believe thats only a consolidation? not a serious down move which might become a trend?
It's barely overshot the 61.8% retrace of Friday's price action, let alone the preceding 2 and a half weeks worth.
  • #300,514
  • Oct 4, 2010 4:33pm Oct 4, 2010 4:33pm
i expect also that a follow thrue will happen to 3620... maybe its to much but possible... remember few weeks ago when in late NY session or i think in early Asia break to downside with continuation in Europe for days...
  • #300,515
  • Oct 4, 2010 4:37pm Oct 4, 2010 4:37pm
Quoting gatorinla
om looking at 3668 as pivotal. getting a toe below 3659 should open the gate to a counter-trend trade to 3456.5 3436.5.......... 3456 would be the stronger. below this re-evaluate time.

if 3668 then 3659 is not breached.. then up we go.. resistance at 38051 getting stronger @ 3879.4... older chart that stopped this move at 3334 (last recent top) has resistance at 3855... targets on these 2 charts go to much higher..
.34xx would be outstanding, because you have to know that 1.4x is in the cards unless the Fed really does back off QE or some major risk-aversion sets in or both.

Fresh run at 1.38 and BoJ is the wild card. Its all just Boo-Ray.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #300,516
  • Oct 4, 2010 4:37pm Oct 4, 2010 4:37pm
today i bought at 716 with some profit... but didnt notice that the hourly closed with huge continuation to down side...

now i popped a widget showing time so that i dont fool me again... 1h closes are important...

tomorrow...
  • #300,517
  • Oct 4, 2010 4:39pm Oct 4, 2010 4:39pm
Quoting FibbinArchie
It's barely overshot the 61.8% retrace of Friday's price action, let alone the preceding 2 and a half weeks worth.
On 1H chart it is... but on the daily I think we have reached the 5th wave... fib cluster also formed at the high from Friday. Now a down move started so I believe we are going to go don now...

Actually I think we are starting the down trend... What do you guys think?
  • #300,518
  • Oct 4, 2010 4:39pm Oct 4, 2010 4:39pm
eur/usd spent about 6 weeks in range of 1.3450--1.3800
about feb/march.
may hang around these lvls for a bit ?
making green pips large and red pips small this is my goal.
  • #300,519
  • Oct 4, 2010 4:40pm Oct 4, 2010 4:40pm
i think asia will have to show some better prices for buyers... today should dive down for tomorrow buying... lower we go more people gonna buy

does any agree???
  • #300,520
  • Oct 4, 2010 4:40pm Oct 4, 2010 4:40pm
A close below lower TL may paint a more bearish picture.
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