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EURUSD

  • #301,101
  • Oct 5, 2010 1:23pm Oct 5, 2010 1:23pm
MACD and RSI show overbought and it will be down now
  • #301,102
  • Oct 5, 2010 1:29pm Oct 5, 2010 1:29pm
I think we're at the start of a 'fade to black' short correction that should last through the remainder of the US session. Up a few buck on my short right now. 0 volume = profit taking!
  • #301,103
  • Oct 5, 2010 1:30pm Oct 5, 2010 1:30pm
Quoting jdlev
I think we're at the start of a 'fade to black' short correction that should last through the remainder of the US session. Up a few buck on my short right now.
What are your reason for this short trade?
  • #301,104
  • Oct 5, 2010 1:30pm Oct 5, 2010 1:30pm
waooo, never thought we could hit the 61.8% today, now i believe it. I opened a hedge transaction on 1.3855 buy, because i sold at 1.3835. So I would close this buy hedge transaction at 1.3880-13890. It would be really crazy if it goes above that today or this week. We are going to see a real retracement after that, because almost everyone that is buying is closing most of their trades at that point for a fresh reload. Good luck guys!!!.

PA is also telling me that, is not going below 1.3848 tht was the previous high 3 hours ago. That means the up movement is quite strong towards the 61.8% 1.3887 level.
  • #301,105
  • Oct 5, 2010 1:30pm Oct 5, 2010 1:30pm
Quoting PayTheLimit
Hey there, I'm away from my computer could someone please post clean 30min chart...thanks in advance PTL
Attached Image (click to enlarge)
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #301,106
  • Oct 5, 2010 1:32pm Oct 5, 2010 1:32pm
295118
299789

hope some one read the post
  • #301,107
  • Oct 5, 2010 1:36pm Oct 5, 2010 1:36pm
Still gotta look at the long term, but since sometimes this is going into range trading time (but not always), seeing some uptrends on the shorter timeframes and a lot of lines forming support at the same moment. Not going to get any oversolds at that line I'm afriad, but curious if anything goes, or we just flatline.

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  • #301,108
  • Oct 5, 2010 1:38pm Oct 5, 2010 1:38pm
Quoting The Fool
Thanks pal
Look Sharp/Trade Tight
  • #301,109
  • Oct 5, 2010 1:38pm Oct 5, 2010 1:38pm
Quoting Sunsi
What are your reason for this short trade?
US equities will see some profit taking, which will drive up US treasuries/strengthening dollar late
Profit taking after 200 pip 24 hour runup.

I think its a safe trade to make around 20-40 pips. Can't be really any upside left in the market. It has to take a break sometime, and with the session coming to a close, any little move downward could trigger a bunch of skittish traders to close their long positions.

It should be short lived, but we'll see some small correction. Could make a couple bucks...plus my sl is just above 60 if it turns sour...so not a huge amount at risk.

I'm still bullish on the dollar...but you'll see a short correction like we did in the wee hours this morning after the big european session.

Looks like a small double top on the 5m charts as well forming...

I may have gotten in a little early, for better confirmation, I'd see if it cracks .3850
  • #301,110
  • Oct 5, 2010 1:41pm Oct 5, 2010 1:41pm
I am now hearing talk of the option for the Fed to RAISE interest rates 1%. Dick Bovey ]of Rockdale Research says that members of the Fed considering the option to increase money supply by RAISING INTEREST RATES due to the fact that the previous QE was met with very mixed results and a QE2 would be even more of a risk to get the desired result. With higher interest rates, money flow would dramatically increase towards Money Market funds which would increase the money supply so banks would lend more money by increasing rates, not lowering.

I am seeing an increasing number of people in the know becoming more and more squeamish towards QE2. Just my 2 cents
  • #301,111
  • Oct 5, 2010 1:42pm Oct 5, 2010 1:42pm
Guys...

This may somewhat irrelevant but I see CHF is at all time high....

Is USD really loosing strength against CHF to hit a new time bottom? If you look closely, Its bounced back twice .965 or is it preparing for a counter to .975 area...

what's your insights on this?
  • #301,112
  • Oct 5, 2010 1:42pm Oct 5, 2010 1:42pm
Quoting jdlev
US equities will see some profit taking, which will drive up US treasuries/strengthening dollar late
Profit taking after 200 pip 24 hour runup.

I think its a safe trade to make around 20-40 pips. Can't be really any upside left in the market. It has to take a break sometime, and with the session coming to a close, any little move downward could trigger a bunch of skittish traders to close their long positions.

It should be short lived, but we'll see some small correction. Could make a couple bucks...plus my sl is just above 60 if it turns sour...so...
I see.
I guess you have your TP around 1.3833 (R2 of the day)

Guess it could happen
  • #301,113
  • Oct 5, 2010 1:44pm Oct 5, 2010 1:44pm
Waiting go more up today & close long & open short before leave but not moving at all now .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #301,114
  • Oct 5, 2010 1:45pm Oct 5, 2010 1:45pm
Quoting fontu
Waiting go more up today & close long & open short before leave but not moving at all now .
fontu
What do you have as your target points, and in which timeframe do you expect to get there?
  • #301,115
  • Oct 5, 2010 1:45pm Oct 5, 2010 1:45pm
Flatline PA is not good
Disclaimer: Check your 1m charts
  • #301,116
  • Oct 5, 2010 1:46pm Oct 5, 2010 1:46pm
Quoting Redeemed1
I am now hearing talk of the...
well, i could have told them before spreading the news about qe-II-nonsense.
  • #301,117
  • Oct 5, 2010 1:47pm Oct 5, 2010 1:47pm
Quoting leafarct
Good afternoon everyone. who believe what comes tomorrow with the ADP? believe that the market already priced a good result or have a tipped with bad data?
vacum?
Let us be green
  • #301,118
  • Oct 5, 2010 1:48pm Oct 5, 2010 1:48pm
Standing at the edge right now...
  • #301,119
  • Oct 5, 2010 1:49pm Oct 5, 2010 1:49pm
Quoting Sunsi
I see.
I guess you have your TP around 1.3833 (R2 of the day)

Guess it could happen
Wait and see grasshoppa

Got my sl moved into the green, so now its how much correction can we see
  • #301,120
  • Oct 5, 2010 1:52pm Oct 5, 2010 1:52pm
Quoting jdlev
Wait and see grasshoppa

Got my sl moved into the green, so now its how much correction can we see
Good luck!
Hoping for a correction myself
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