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  • #301,981
  • Oct 6, 2010 12:02pm Oct 6, 2010 12:02pm
Quoting kentashiburo
maybe with the SNB's intervention as well.
EURCHF doing OK and they careless about USDCHF, so SNB

out of the question.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #301,982
  • Oct 6, 2010 12:04pm Oct 6, 2010 12:04pm
http://cdn.forexfactory.com/images/attach/png.gif

2010-10-06_18h59_ EURUSD _ 240min _ (all ind).PNG (45.9 KB)


H-4 EURUSD with Andrew's pitchfork ... still in strong bullish mode ...
So our shorts are not a big deal ... it's countertrend ... atm ... but funny now ...

BTW ... weekly chart shows bullish DIV against MACD ... but I am shure you all have considered that facts too ...
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-10-06_18h59_ EURUSD _ 240min _ (all ind).PNG Size: 46 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #301,983
  • Oct 6, 2010 12:05pm Oct 6, 2010 12:05pm
Quoting Redeemed1
Mas-Yes I see that...you always have solid outlook when it comes to equities in relation to currency. I'm talking more for a pullback/retreat from equities scenario. Your thoughts? When do equities get tired?
It's all up to the EUR/USD rates and gold. Bottom line it's up to the Federal reserve and to any further QE. I don't believe that stocks can go any higher for now while the resistance 1.3940-ish holds.
  • #301,984
  • Oct 6, 2010 12:06pm Oct 6, 2010 12:06pm
Quoting Redeemed1
Mas-Yes I see that...you always have solid outlook when it comes to equities in relation to currency. I'm talking more for a pullback/retreat from equities scenario. Your thoughts? When do equities get tired?
Let me post some charts to show you what I mean.
  • #301,985
  • Oct 6, 2010 12:10pm Oct 6, 2010 12:10pm
Quoting Redeemed1
I'm talking more for a pullback/retreat from equities scenario. Your thoughts? When do equities get tired?
AS long as Dollar continue to fall, Equity will continue to rise, regardless

of economic data. Period. If you look DOW in AUD I'm sure you will

find out that Equities was actually dropping and not rising, see my point?
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #301,986
  • Oct 6, 2010 12:12pm Oct 6, 2010 12:12pm
Equities in a big diamond shape, downside risk... 10100.

I dunno, but if equities drop, i think EUR should drop?

I am adding shorts here again. Will quickly7 take small 20pips profit.
  • #301,987
  • Oct 6, 2010 12:14pm Oct 6, 2010 12:14pm
As you see resistances are near on all of these charts.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur daily.gif Size: 31 KB
Click to Enlarge Name: dj weekly.gif Size: 31 KB
Click to Enlarge Name: eur weekly.gif Size: 34 KB
  • #301,988
  • Oct 6, 2010 12:16pm Oct 6, 2010 12:16pm
Quoting Masrim
!.3940 is a good daily resistance if you like shorting.
And 1.3920 is a good weekly resistance. Seems to be quite the confluence. Should be a good shorting opportunity, again, try a small position with a tight stop, as it's a risky thing looking for the top. But the r/r is decent.
So far so good.
  • #301,989
  • Oct 6, 2010 12:18pm Oct 6, 2010 12:18pm
Quoting SkyzerFX
AS long as Dollar continue to fall, Equity will continue to rise, regardless

of economic data. Period. If you look DOW in AUD I'm sure you will

find out that Equities was actually dropping and not rising, see my point?
Point taken, although I'm seeing USDs decline loosing some steam while it seems equities have climbed disproportionately...seeing if an equities pullback is looming.
  • #301,990
  • Oct 6, 2010 12:19pm Oct 6, 2010 12:19pm
Quoting stocktrader
Equities in a big diamond shape, downside risk... 10100.

I dunno, but if equities drop, i think EUR should drop?

I am adding shorts here again. Will quickly7 take small 20pips profit.
Usually the EUR would drop. But it might just bring about the case for more QE easing by the FED which would actually weaken the dollar. With the sentiment and the FED almost literally supporting the markets I feel like there is more of a rally left in the EUR until we finally see the fact of more QE and the markets become depressed that it is not enough. Right now the markets are rallying on the rumor, I think we would see huge dollar weakness of course if QE actually takes effect and becomes a fact, but I think that would finally be the opportunity for the USD to turn around after the fact.

Another way is if QE never occurs and the markets lose hope that the FED will step in.

Last way is if the Eurozone becomes a scary place again and we have more huge sovereign debt issues.
  • #301,991
  • Oct 6, 2010 12:20pm Oct 6, 2010 12:20pm
Quoting SkyzerFX
Pick you landing spot ( Weekly chart) 1.4570 looks on target
What in three waves?
  • #301,992
  • Oct 6, 2010 12:22pm Oct 6, 2010 12:22pm
"It's Official: Fed Is Now Second Largest Holder Of US Treasury Bonds

http://www.zerohedge.com/sites/defau.../picture-5.jpg
Submitted by Tyler Durden on 10/06/2010 10:19 -0500

 

  1. Japan
  2. POMO



Today's POMO is over: at $2.069 billion, the operation was right in line with our expectations, coming in at a lofty 12.16 submitted to accepted ratio, as investors apparently are not too crazy about the yield perspective of the 4 2013 CUSIPs that were repruchased. However, what is far more important is that with holdings of $821.1 billion, the Fed is now officially the second largest holder of US Treasurys. Next up- China.
While the official breakdown will likely be a few weeks late in coming, here is the math:
Fed holdings as of September 30: $811,669
Add:

 

  1. POMO - September 30 (October 1 settlement): $2,200
  2. POMO - October 5: $5,190
  3. POMO - October 6: $2,069

Total: $821.128 Billion, which compares to Japan total $821.0 Billion as of July 2010


Congratulations, America: your central bank is just $25 billion away from being the Treasury's largest creditor, and thus able to dominate any and all future debt restructuring negotiations with what is, essentially, itself."

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  • #301,993
  • Oct 6, 2010 12:23pm Oct 6, 2010 12:23pm
  •  jet4x
  • | Joined Aug 2010 | Status: slow & steady turtle wins the race | 168 Posts
Quoting Geppy
Actually planning something along those lines... but more of a mentor trading company with a new class every 6 months. I want to train new traders, pay them a salary and have them trading firm capital... really give them an atmosphere they can learn and become successful in without worrying about living expenses, etc. Probably a couple years away from launching that (I have another company I'm already in the midst of building).
will be waiting... [email protected]
  • #301,994
  • Oct 6, 2010 12:24pm Oct 6, 2010 12:24pm
Quoting Maxsmart
Jacob. I think that the same fundamentals are in play as last time for Gold to continue to climb higher. With so many countries continuing to devalue their currencies with QE like the BOE, Eurozone, US FED big time, Japanese intervention, Swiss intervention, it leaves Gold, Silver the Aud and the NZD extremely attractive.

Gold is kind of in a win win situation like I said before. If news is bad it bolsters the belief the FED will introduce more QE. If news is good commodities and anti-dollar assets are taking off. I think we may still see Gold...
Max.

Thanks for responding with such detailed thorough breakdowns. I'm in agreement with you as I own physical gold as another investment on the side. Its been growing quite successfully. My immediate concern right about now is a major pullback all the way to $1280 ish before taking off charging passing new barriers. i.e $1400-1500. Remember what happened back in July 4 - Gold dropped over $40 dollars in a day then a slight raise then another withdrawal to $1156. I don't foresee that happening but then its the market which dictates direction not us, correct :-)

I'm just taking precaution to see where the next few weeks would lead us in commodities.....Hmmmmm......
  • #301,995
  • Oct 6, 2010 12:25pm Oct 6, 2010 12:25pm
Well if a 400-500 pip drop in EUR/USD happens, which seems like reasonable correction it could mean a 5-6% drop in US equities.
  • #301,996
  • Oct 6, 2010 12:26pm Oct 6, 2010 12:26pm
Quoting Masrim
Let me post some charts to show you what I mean.
Thanks Mas - you rock!
  • #301,997
  • Oct 6, 2010 12:28pm Oct 6, 2010 12:28pm
Quoting T@rantula
way to go it was agreat couple of days
  • #301,998
  • Oct 6, 2010 12:28pm Oct 6, 2010 12:28pm
funny how sentiment can change so fast.

i guess people never learn anything
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #301,999
  • Oct 6, 2010 12:31pm Oct 6, 2010 12:31pm
Quoting mercy seat
http://cdn.forexfactory.com/images/attach/png.gif

2010-10-06_18h45_ EURUSD _ weekly _ (all ind).PNG (37.9 KB)

Ach so ... btw ... 1.3917/ 20 ... that has been our upside projection ... for some of those reasons that you mentioned there ... but we came to other conclusions ... we have said 200 ma in weekly that is our target to be hit at first ...
http://cdn.forexfactory.com/images/attach/png.gif

2010-10-06_19h21_ EURUSD _ 002min _ (all ind).PNG (35.2 KB)


closed 50% of rest position from 1.39438 ... now and here at 1.3917 ... our beloved 200 ma from that weekly chart ... all dips seen as a buying or covering OP ...

EU 2min chart with some scalping facillities ...
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-10-06_19h21_ EURUSD _ 002min _ (all ind).PNG Size: 35 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #302,000
  • Oct 6, 2010 12:32pm Oct 6, 2010 12:32pm
Still hoping that the EURO will drop.,... anyone into a short trade now? I have pressed the short button at 1.392. Whos holding for a 400pip move? I am going out now...
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