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  • #314,121
  • Oct 26, 2010 12:28pm Oct 26, 2010 12:28pm
Citigroup Cuts Euro View Against Dollar, Pound, Franc


http://www.bloomberg.com/news/2010-1...iss-franc.html


“It’s feeling like we may be in danger of a little bit of a risk squeeze,” Fitzpatrick said. “It’s really across all markets. Every trade at the moment is a quantitative-easing trade, and therefore the danger is if they started to falter, they can all falter together.”

“We are closing out all of our long euro positions,” Fitzpatrick and fellow analysts Shyam Devani and Alex Good said today in an e-mailed note.

Moving averages are converging, suggesting a “sharp move” is coming for the euro against the dollar, Fitzpatrick said in s separate report.
  • #314,122
  • Oct 26, 2010 12:28pm Oct 26, 2010 12:28pm
feels like we might want to make a new low today...
Look Sharp/Trade Tight
  • #314,123
  • Oct 26, 2010 12:28pm Oct 26, 2010 12:28pm
possible bounce ahead at around 3822.
  • #314,124
  • Oct 26, 2010 12:31pm Oct 26, 2010 12:31pm
Quoting Mr Hatch
possible bounce ahead at around 3822.
I got stopped out +2 pips profit looks like it will want to retest the lower support
Know when to hold em, Know when to fold em!
  • #314,125
  • Oct 26, 2010 12:33pm Oct 26, 2010 12:33pm
Quoting goods
I got stopped out +2 pips profit looks like it will want to retest the lower support
yep, i don't see any particular reason, why it shouldn't, but I am no expert at reading USDX either. I still have no complete chart on that one.
  • #314,126
  • Oct 26, 2010 12:35pm Oct 26, 2010 12:35pm
Quoting Mr Hatch
yep, i don't see any particular reason, why it shouldn't, but I am no expert at reading USDX either. I still have no complete chart on that one.
its a range right now between 1.3850/55 and 1.3870, It just seems like support is building at this area nicely dont know bears having hard time so are bulls.
Know when to hold em, Know when to fold em!
  • #314,127
  • Oct 26, 2010 12:36pm Oct 26, 2010 12:36pm
i am not liking this market right now. im out of my short with +1 for now and waiting for good indicators of which direction it is going.
Rise and rise again until the Lambs become LIONS!!!
  • #314,128
  • Oct 26, 2010 12:36pm Oct 26, 2010 12:36pm
Quoting goods
I agree with you but up first then down. This is what I am looking at.
okay, just keep in mind price on all ltf going up to H1 had closed below the W1 pvp. This has completely flipped the intermediate bias to bearish. Just a heads up.


Good luck.

Quoting wormboy
support @ the W1 pvp reached. close below this level on the H1 & 1.3733 is next.
Again, don't get sucked into buying.

Good luck.
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  • #314,129
  • Oct 26, 2010 12:37pm Oct 26, 2010 12:37pm
Quoting Geppy
Not sure why anyone would be going long right now... holding tight with my 1.3965 shorts from last night


dyu mind sharing ur views on this short?

* its going to get bumpy and hard to hold on to but hey...
its ok if u had ur seat belt fasten
  • #314,130
  • Oct 26, 2010 12:38pm Oct 26, 2010 12:38pm
Quoting chadandsand
i am not liking this market right now. im out of my short with +1 for now and waiting for good indicators of which direction it is going.
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  • #314,131
  • Oct 26, 2010 12:38pm Oct 26, 2010 12:38pm
Quoting Geppy
Not sure why anyone would be going long right now... holding tight with my 1.3965 shorts from last night
sucker for punishment comes to mind.
nice trading there gep
Thank You
  • #314,132
  • Oct 26, 2010 12:39pm Oct 26, 2010 12:39pm
200 ema atm at 3850 2h... need to get a foothold below and hold it.. for a shot at 3333 (gartly first target) first then 299x.. mapa first normal range target. there are others in the line of progression much lower.

4h 2853 89ema
200 3643
those who can, do. those who cant, talk about those who can
  • #314,133
  • Oct 26, 2010 12:41pm Oct 26, 2010 12:41pm
haha yeah glad you held onto that Short but you must be sweating it earlier on today when possible 1.40 on the cards.

Quoting wormboy
sucker for punishment comes to mind.
nice trading there gep
  • #314,134
  • Oct 26, 2010 12:43pm Oct 26, 2010 12:43pm
Quoting wormboy
sucker for punishment comes to mind.
nice trading there gep
Thanks, man. Seems like we're on the same page... best to you too.

My biggest decision is going to be where to cover and reload on a decent pullback. 1.36XX maybe?
check out my blog: forexmademillionaire dot com
  • #314,135
  • Oct 26, 2010 12:45pm Oct 26, 2010 12:45pm
Quoting gatorinla
200 ema atm at 3850 2h... need to get a foothold below and hold it.. for a shot at 3333 (gartly first target) first then 299x.. mapa first normal range target. there are others in the line of progression much lower.
strange tf, what platform?
  • #314,136
  • Oct 26, 2010 12:45pm Oct 26, 2010 12:45pm
Quoting Geppy
Thanks, man. Seems like we're on the same page... best to you too.

My biggest decision is going to be where to cover and reload on a decent pullback. 1.36XX maybe?

One man sees a chart one way while another man sees a chart another way.

I guess everyone sees things differently. That what makes the bears and the bulls.

By the way I have read some of your instructional posts, very nice.
Know when to hold em, Know when to fold em!
  • #314,137
  • Oct 26, 2010 12:45pm Oct 26, 2010 12:45pm
Quoting goods
I got stopped out +2 pips profit looks like it will want to retest the lower support
Same here... this PA has just been absolutely ridiculous this week. Been just snagging little bites here and their - 1 to 10 pips worth since Monday morning.
  • #314,138
  • Oct 26, 2010 12:47pm Oct 26, 2010 12:47pm
http://www.forexfactory.com/showpost...stcount=311424

still works.

break of the green line and we are headed to the bottom of that yellow flag. if the green one hold trend resuming could happen (to check at the top of the flag).

i also have these two andrew's pitchforks as alternative scenarios. on either of them there is room now to go up. since this is a dangerous move will set sl at be asap.

enjoy! (i am LOL)

Quoting wannaberich
posted yesterday. updated now. still rules.
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dreams do come true.
  • #314,139
  • Oct 26, 2010 12:48pm Oct 26, 2010 12:48pm
Quoting DrLobo
haha yeah glad you held onto that Short but you must be sweating it earlier on today when possible 1.40 on the cards.
why? it was expected? #313807
those who can, do. those who cant, talk about those who can
  • #314,140
  • Oct 26, 2010 12:48pm Oct 26, 2010 12:48pm
Quoting DrLobo
haha yeah glad you held onto that Short but you must be sweating it earlier on today when possible 1.40 on the cards.
not really, my risk tolerance is very high. I took the short at the ltl breakout posted earlier during the day @1.3940. Who sweats a 41 pip drawdown? Not me.
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