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  • #303,461
  • Oct 8, 2010 8:14am Oct 8, 2010 8:14am
Quoting paul1
The thing that concerns me is that we steadily push up.

Then suddenly without warning blow down 100+ pips once yesterday and again today .

I certainly will be cautious at 1.4000 and 13900 levels in case more large orders are triggered .
Paul yes dangerous zone above 1.40 be careful.

I was away at the news , so what's up guys
BTW very cool last 5 pages keep the good work guys
  • #303,462
  • Oct 8, 2010 8:15am Oct 8, 2010 8:15am
Quoting atate49
watched my 60 pip profit turn into a 55 pip loss by keeping overnight i know better, just didn't do better. curious to see what next week will bring after this volatility. a bit confused as to a top or not. to consider the 1.4030 level a top would we look for a retest and rejection??
After todays action the big dogs cant decide .

best you can do is watch the highs and lows form and take it from there.
making green pips large and red pips small this is my goal.
  • #303,463
  • Oct 8, 2010 8:26am Oct 8, 2010 8:26am
Though not so confident in this trade still on sell side......... based on 5mtf......
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  • #303,464
  • Oct 8, 2010 8:37am Oct 8, 2010 8:37am
Funny, DOW hits 11000 and there is NO EUR/USD REACTION. To me this means QE2 is largely priced in. What happens to equities when/if QE2 comes off the table?... (Ka-BOOM1 !)lol. QE2 gives little actual boost compared to inflation risk. I see this loosing ground as the rest of the world wants and a more conservative legislature will wipe this off the table perhaps resulting in a rate increase to stimulate money market fund so banks can loan to small business. Just sayin'
  • #303,465
  • Oct 8, 2010 8:40am Oct 8, 2010 8:40am
damn, seems as if those mofus give us some trouble.
  • #303,466
  • Oct 8, 2010 8:48am Oct 8, 2010 8:48am
Quoting Redeemed1
Funny, DOW hits 11000 and there is NO EUR/USD REACTION. To me this means QE2 is largely priced in. What happens to equities when/if QE2 comes off the table?... (Ka-BOOM1 !)lol. QE2 gives little actual boost compared to inflation risk. I see this loosing ground as the rest of the world wants and a more conservative legislature will wipe this off the table perhaps resulting in a rate increase to stimulate money market fund so banks can loan to small business. Just sayin'
Maybe this is one reason why no reaction? Japan will likely be asking US not to do QE2 as a bargaining chip at this weekends meetings. Wouldn't you?

Japan stands firm on FX intervention ahead of G7 meet
http://www.reuters.com/article/idUSTRE6965EP20101008
  • #303,467
  • Oct 8, 2010 8:51am Oct 8, 2010 8:51am
How stupid am i ,lol , I thought to myself should be safe to trade .

then am thinking god thats obama speaking quick back to computer.
making green pips large and red pips small this is my goal.
  • #303,468
  • Oct 8, 2010 8:54am Oct 8, 2010 8:54am
Quoting paul1
How stupid am i ,lol , I thought to myself should be safe to trade .

then am thinking god thats obama speaking quick back to computer.
  • #303,469
  • Oct 8, 2010 8:58am Oct 8, 2010 8:58am
Quoting Redeemed1
Maybe this is one reason why no reaction? Japan will likely be asking US not to do QE2 as a bargaining chip at this weekends meetings. Wouldn't you?

Japan stands firm on FX intervention ahead of G7 meet
http://www.reuters.com/article/idUSTRE6965EP20101008

What kind of effect should we see on EUR USD Short or Long ?
  • #303,470
  • Oct 8, 2010 9:12am Oct 8, 2010 9:12am
Ok Boogie man gone

Now I see price at 1.3917 the same as yesterday close.

funny.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #303,471
  • Oct 8, 2010 9:17am Oct 8, 2010 9:17am
-95K HAHAHA recovery coming up
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #303,472
  • Oct 8, 2010 9:19am Oct 8, 2010 9:19am
UJ below 82...
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #303,473
  • Oct 8, 2010 9:23am Oct 8, 2010 9:23am
Quoting DMA Trader
Ok Boogie man gone

Now I see price at 1.3917 the same as yesterday close.

funny.
C all the stress and panic from some traders was useless no change
  • #303,474
  • Oct 8, 2010 9:32am Oct 8, 2010 9:32am
i believe we will see a close below the 1.3895 weekly 61% fib level, anyone else seeing this?
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  • #303,475
  • Oct 8, 2010 9:57am Oct 8, 2010 9:57am
As soon as Dow drops a bit, Euro down....
Disclaimer: Check your 1m charts
  • #303,476
  • Oct 8, 2010 10:04am Oct 8, 2010 10:04am
Looking at the week ahead I think there could be slight pull back to the 1.38 and a squeeze to 1.36 possibily before continuing up. 1.41 and 1.42 could be the first hurdle and then a spike to 1.45 is not out of quesiton. Obviously take all these with a grain of salt things could change with a lot verbal intervention and other bs
  • #303,477
  • Oct 8, 2010 10:09am Oct 8, 2010 10:09am
Quoting egkid
C all the stress and panic from some traders was useless no change
exactly. i try to tell a few today they should wait

but i guess nothing compares to the ability to tell friends or girlfriend.

honey I traded the NFP

i made pips while others blow their accounts.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #303,478
  • Oct 8, 2010 10:19am Oct 8, 2010 10:19am
Rumor - BOJ intervention happened today but the trader responsable did a mistake

Instead of selling JPY he bought JPY afraid of the new labor data from US.

Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #303,479
  • Oct 8, 2010 10:44am Oct 8, 2010 10:44am
Quoting psiholog

Anyways for now...the trend is your friend...buyers..you know what to do off this most recent bounce.

Attachment

Every resistance broken became support, until we see the first significant support broken (the horizontal line), the trend up will remain
Interesting scenario we have here. That longer term uptrend was tested big time around NFP as we all saw. No break. However, the consolidation that has occurred since then could have potentially developed a downtrend channel (blue lines). IF that is that the case, one of my trading principles may apply (when PA sticks to one wall, it will eventually crash hard to the other). The fun part about this is the potential target is the earlier mentioned strong support. Not only that but we would have to break the mega uptrend.

For this to happen, it has to happen in the next few hours, or early Sunday, with no more bullish action today. Quite interesting scenario indeed...let's see

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Sidenote: is Trichet really going to talk in 15minutes? If that is so, he could be the fuel to the fire
Different opinions highly valued, ignorant to slander.
  • #303,480
  • Oct 8, 2010 10:53am Oct 8, 2010 10:53am
"We're involved in a dangerous game," former Fed chief Greenspan warns, referring to the "scary" deficit. "We're increasing the debt held by the public at a pace" that will soon dwarf U.S. borrowing capacity. Yesterday, Treasury restructuring chief Jim Millstein castigated Greenspan for falling asleep at the wheel on bank oversight.


Well who started that Mr Greenspan ?
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
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