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  • #315,881
  • Oct 28, 2010 8:43pm Oct 28, 2010 8:43pm
Everyone seems to agree that the EUR will sink in the next hour or so BUT.... I'm looking at the daily chart and besides a distribution that is already 10 bars long (SHELF) onto an 11th (CONGESTION) I also see a "dead cat bounce" pattern also known as a thrust bar.... a bit long but nevertheless a clear indicator that today's bar has a pretty good chance of closing long....maybe 50 or 60 pips above yesterday's high which would bring price up to the expected 1.40xx level- In my opinion for the EUR to sink to 1.33xx in the next hour or so would mean break its consolidation pattern and exceed its daily range by more than 200 pips.... in 1 hour or so.... seems to me that is a pretty big movement for 1 hour in the Asian market.... wouldn't you agree?....Just a thought !
  • #315,882
  • Oct 28, 2010 8:47pm Oct 28, 2010 8:47pm
Quoting sinner-
malc you are a funny egg and if anyone went back across your posts for the last 24 hours they might be forgiven for thinking you were a schizophrenic.

John Taylor (head of FX Concepts, biggest FX hedge fund in the world, which has a rediculous rate of return since opening no less!) said it best last night I think:
http://www.bloomberg.com/news/2010-1...ylor-says.html

Taylor is forecasting continued dollar weakness through November.
lol sinn

I was calling for long eu around end July with 1.4 target... your mate John was calling for 1.1 to 1.0 at 1.3 .. I was calling 1.4

I think i will pit myself against him as an analyst ....

http://www.distressedvolatility.com/...ng-eurusd.html
Blogging daily now at www.volume.zone
  • #315,883
  • Oct 28, 2010 8:48pm Oct 28, 2010 8:48pm
Quoting gatorinla
a tough neighborhood..
Back here again?!? I'm going back to bed...pendings higher...let the 4100's run......we'll likely range until the QE2 annoucement. I'd bet they pull this back to the bottom of the range prior, park it, wait for the initial QE2 kneejerk bliss, and then short the crap out of it.....
  • #315,884
  • Oct 28, 2010 8:49pm Oct 28, 2010 8:49pm
Quoting enterfx
Only thing that's suspect with this move is UC and Gu is lagging. I'm long UC but it dropped as eu dropped...

Keep up the good work
it just means euro is weakening more comparably... like in this eurx monthly.. it was rejected just above 50% so far.. left side of chart is higher then the right.
the candle says up.. but mofu don't give a shit.
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those who can, do. those who cant, talk about those who can
  • #315,885
  • Oct 28, 2010 9:03pm Oct 28, 2010 9:03pm
Quoting DMA Trader
we are breaking below 1.39

EUX is in worse shape than DXY. EUR is sold. big.

we'll see
  • #315,886
  • Oct 28, 2010 9:06pm Oct 28, 2010 9:06pm
Quoting PriceVolume
Back here again?!? I'm going back to bed...pendings higher...let the 4100's run......we'll likely range until the QE2 annoucement. I'd bet they pull this back to the bottom of the range prior, park it, wait for the initial QE2 kneejerk bliss, and then short the crap out of it.....
someone is bringing it lower a little at a time. careful not to cause a knee jerk. or a wtf.. kinda reminds me of thanks giving week before Thanksgiving. it was slipping then it spiked... then the daubi news. the media put it on duabi, but it was slipping long before.. the fan don't lie. nothing but a big bear wedge then as now.
those who can, do. those who cant, talk about those who can
  • #315,887
  • Oct 28, 2010 9:11pm Oct 28, 2010 9:11pm
Waiting for 1.4021 at the trendline to enter short. Too early for a short right now. Expecting a move up at today's EU news at open.

GDP should take this into the 1.3800's and Nov 3 should trigger a clear breakout... down...1.36xx
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  • #315,888
  • Oct 28, 2010 9:11pm Oct 28, 2010 9:11pm
G'day folks!
Not all sins are created equal
  • #315,889
  • Oct 28, 2010 9:12pm Oct 28, 2010 9:12pm
eurusd failed the downside...im long
It bounced with higher vol. The H1 setup reminds me the 15st of october at around the same time
COT: The precious data ignored
  • #315,890
  • Oct 28, 2010 9:13pm Oct 28, 2010 9:13pm
Quoting sinner-
malc you are a funny egg and if anyone went back across your posts for the last 24 hours they might be forgiven for thinking you were a schizophrenic.

John Taylor (head of FX Concepts, biggest FX hedge fund in the world, which has a rediculous rate of return since opening no less!) said it best last night I think:
http://www.bloomberg.com/news/2010-1...ylor-says.html

Taylor is forecasting continued dollar weakness through November.
Some other big guys calling the opposite. Even big guys are wrong in forex. that's what makes the good moves.
  • #315,891
  • Oct 28, 2010 9:14pm Oct 28, 2010 9:14pm
Quoting cagriguler
close but not cigar yet.

1h still in bull channel. 15m fight.

1.39 - 1.392 fight.

whoever wins gets another 20
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #315,892
  • Oct 28, 2010 9:15pm Oct 28, 2010 9:15pm
Quoting Jay Walker
G'day folks!
Morning Jay
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #315,893
  • Oct 28, 2010 9:19pm Oct 28, 2010 9:19pm
Quoting DMA Trader
close but not cigar yet.

1h still in bull channel. 15m fight.

1.39 - 1.392 fight.

whoever wins gets another 20
True true. that all you will get in the asian session. Everyone go to bed
  • #315,894
  • Oct 28, 2010 9:19pm Oct 28, 2010 9:19pm
Minor support shown at 1.38929. Looks like will retrace till 1.38591 (may be not). If gets support from there then I am long for the day
  • #315,895
  • Oct 28, 2010 9:21pm Oct 28, 2010 9:21pm
Quoting DMA Trader
Morning Jay
Hey buddy.
Not all sins are created equal
  • #315,896
  • Oct 28, 2010 9:26pm Oct 28, 2010 9:26pm
Quoting gatorinla
someone is bringing it lower a little at a time. careful not to cause a knee jerk. or a wtf.. kinda reminds me of thanks giving week before Thanksgiving. it was slipping then it spiked... then the daubi news. the media put it on duabi, but it was slipping long before.. the fan don't lie. nothing but a big bear wedge then as now.
Have seen that several time with futures, ES and EU. Premarket sells off before any newsrelease are known and media always blame the news or data release.
  • #315,897
  • Oct 28, 2010 9:30pm Oct 28, 2010 9:30pm
if 1,4100 holds ..1.33 not by end of year

More like by Nov 15th based on symmetry

If that bottom tl breaks then this is a perfect bear flag and wave 4 on weekly ending at 78.6 of wave 3. Not really sure what the catalyst would be for that as Europe issues have all gone now....lol

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Blogging daily now at www.volume.zone
  • #315,898
  • Oct 28, 2010 9:40pm Oct 28, 2010 9:40pm
I'm Long with target back to 1.3924
We live in a finite world with infinite possibilities.
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  • #315,899
  • Oct 28, 2010 9:43pm Oct 28, 2010 9:43pm
I'm with you Mal... I closed my .2700 longs and Im going short looking for the bottom of that trendline. Easy money !!!
  • #315,900
  • Oct 28, 2010 9:44pm Oct 28, 2010 9:44pm
Quoting enterfx
Have seen that several time with futures, ES and EU. Premarket sells off before any newsrelease are known and media always blame the news or data release.
yep.. they always grasp. now lets c what 2873 says.
those who can, do. those who cant, talk about those who can
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