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  • #300,961
  • Oct 5, 2010 9:26am Oct 5, 2010 9:26am
  •  Pipalot
  • | Joined Sep 2010 | Status: Going with the flow of the markets | 79 Posts
What is important is that the employment component of non-manufacturing ISM is a key leading indicator for NFP. I think we will have a reasonably strong NFP report on Friday. Now if anything is going to cause a change in direction (even if it is just temporary, this will).

So my view is this, dollar is weak due to QE2 (woops, mentioned it again), but you all should watch out for Fridays news, now this will be interesting..............
  • #300,962
  • Oct 5, 2010 9:27am Oct 5, 2010 9:27am
Smells like some bulls bought Euros last couple of hours ( But also Gold, oil, silver, platinum, canadian dollar etc.)
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #300,963
  • Oct 5, 2010 9:28am Oct 5, 2010 9:28am
Quoting Creator
Pair will go down to 1.3755-65, scalping naturally possible, than we'll see (in next 6-8 hours).
Bulls did greatly, but hesitation is in the air now.
As always, keep good reserves ready and hedge against sharp deep drops.
If not in mood to trade, better do not trade.
That's not hesitation it's the baby bulls taking some profit and the bears getting stuck in the trap that the big bulls set.
  • #300,964
  • Oct 5, 2010 9:29am Oct 5, 2010 9:29am
Quoting Bootleger
Smells like some bulls bought Euros last couple of hours ( But also Gold, oil, silver, platinum, canadian dollar etc.)
They think they are smarter than I am.
  • #300,965
  • Oct 5, 2010 9:30am Oct 5, 2010 9:30am
Quoting Pipalot
What is important is that the employment component of non-manufacturing ISM is a key leading indicator for NFP. I think we will have a reasonably strong NFP report on Friday. Now if anything is going to cause a change in direction (even if it is just temporary, this will).

So my view is this, dollar is weak due to QE2 (woops, mentioned it again), but you all should watch out for Fridays news, now this will be interesting..............
Prediction : 3K

Wowwwwwwwww !!!!! 3000 jobs...economy is recovering at a rapid pace.... cmon
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #300,966
  • Oct 5, 2010 9:31am Oct 5, 2010 9:31am
  •  Pipalot
  • | Joined Sep 2010 | Status: Going with the flow of the markets | 79 Posts
My final input for today. Russia and France want to increase their exposure to the Euro and so does China. The dollar is in trouble, this is all i can say for now. Good luck, oh and don't forget QE2.....................
  • #300,967
  • Oct 5, 2010 9:31am Oct 5, 2010 9:31am
Quoting Bootleger
Smells like some bulls bought Euros last couple of hours ( But also Gold, oil, silver, platinum, canadian dollar etc.)
I hope they keep buying, my long was triggered.

I've been a contrarian indicator for the last 3 hours!
  • #300,968
  • Oct 5, 2010 9:32am Oct 5, 2010 9:32am
Quoting techno79
I hope they keep buying, my long was triggered.

I've been a contrarian indicator for the last 3 hours!
This time is your turn to shine
COT: The precious data ignored
  • #300,969
  • Oct 5, 2010 9:32am Oct 5, 2010 9:32am
Gold and silver just moved... 1234 & 22.40
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #300,970
  • Oct 5, 2010 9:33am Oct 5, 2010 9:33am
Quoting Bootleger
Prediction : 3K

Wowwwwwwwww !!!!! 3000 jobs...economy is recovering at a rapid pace.... cmon

At a cost of $1,000,000,000,000/each by the gubment
  • #300,971
  • Oct 5, 2010 9:33am Oct 5, 2010 9:33am
  •  Pipalot
  • | Joined Sep 2010 | Status: Going with the flow of the markets | 79 Posts
Quoting Bootleger
Prediction : 3K

Wowwwwwwwww !!!!! 3000 jobs...economy is recovering at a rapid pace.... cmon
I did not say this indicates to a recovery. The slowdown and tightness in credit will obviously constrain growth, but for traders sentiment it is important, is it not.
  • #300,972
  • Oct 5, 2010 9:34am Oct 5, 2010 9:34am
Price came below 3793 apparently seems failing bull but not enough , 3761 & 21 will take confirmation further as at the same time very up can still possible if the whole last 5th can consider only 1or 3rd of the 5th to up to some extent , virtually not seems possible though big one but small up feasible .
otherside usdx still continue down the small support 77.99 & expect reach eventually 77.62 for any great or good bounce .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #300,973
  • Oct 5, 2010 9:36am Oct 5, 2010 9:36am
Quoting jdlev
At a cost of $1,000,000,000,000/each by the gubment
Exactly... spending hundreds of billions, adding trillions of dollars of toxic assets on their balance sheet... ridiculous. And the country is only in worse shape now than it was after 2008. So things are going to get a lot worse in the US
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #300,974
  • Oct 5, 2010 9:37am Oct 5, 2010 9:37am
Quoting Bootleger
Exactly... spending hundreds of billions, adding trillions of dollars of toxic assets on their balance sheet... ridiculous. And the country is only in worse shape now than it was after 2008. So things are going to get a lot worse in the US
if you look at corporate profits i don't think by any indicator US looks worse than 2008.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #300,975
  • Oct 5, 2010 9:39am Oct 5, 2010 9:39am
Quoting DMA Trader
if you look at corporate profits i don't think by any indicator US looks worse than 2008.
Then buy US Stocks if that's what you think
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #300,976
  • Oct 5, 2010 9:39am Oct 5, 2010 9:39am
When there is such a fast recectio from 1.3825 what would that mean?

Profittaking or Large sell order?
  • #300,977
  • Oct 5, 2010 9:40am Oct 5, 2010 9:40am
stops are out. let's see now.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #300,978
  • Oct 5, 2010 9:40am Oct 5, 2010 9:40am
i wonder, how much money is needed to buy up everything that's coming from above... watching the current m15-candle that is.
  • #300,979
  • Oct 5, 2010 9:40am Oct 5, 2010 9:40am
Quoting Bootleger
Then buy US Stocks if that's what you think
i did
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #300,980
  • Oct 5, 2010 9:40am Oct 5, 2010 9:40am
PA now on a pivotal point:

either we go down targeting 1.355 for further correction (in this case we see a expanded flat, or we get a running flat targeting the base channel at around 3672, or we go, more or less, straight up to the upper line of base channel, targeting 3916

If you want to see a picture of it, I am sure, you know where.

Many pips to you,


Markus
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