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  • #320,141
  • Nov 5, 2010 8:01am Nov 5, 2010 8:01am
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London claws at 1.408-1.41 level to hold, NewYork will probably bring it down to 1.401-3 range, and 1.404-5 is pretty much where I think this pair will end the day.

Red daily candle for EURUSD.
  • #320,142
  • Nov 5, 2010 8:02am Nov 5, 2010 8:02am
Quoting PayTheLimit
short 4073, sl 4110, tp 4033
sl 4103, tp 4043...
Look Sharp/Trade Tight
  • #320,143
  • Nov 5, 2010 8:02am Nov 5, 2010 8:02am
broke 80 level again bounced off 1.4100 so 4050--4000 possible.
making green pips large and red pips small this is my goal.
  • #320,144
  • Nov 5, 2010 8:02am Nov 5, 2010 8:02am
shorts are in play imo...
  • #320,145
  • Nov 5, 2010 8:03am Nov 5, 2010 8:03am
Quoting Z3iz3i
Dip, huh?

Did not take part in this.

IMO trading news is a coin flip, so I just scalp the fast pa and when pa settles down then trade direction , and plus it's Friday.

Good trades to all.
  • #320,146
  • Nov 5, 2010 8:04am Nov 5, 2010 8:04am
Quoting Z3iz3i
But Bulls are overwhelming Bears Daily/4hr.
Watch for several indis divergences on those tf. It doesn't smell like we'll see 1.44 on monday.
Don't just be a sheep : make your own idea of it.
  • #320,147
  • Edited 8:17am Nov 5, 2010 8:04am | Edited 8:17am
tp hit earlier & usdx more than expected now & more may come .over weekly tl & hope stay hold over this weekend.breaking resistance again.
Only pending home sales be positive may down again 3960 break or not again , speaks not neccessary , waiting for it .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #320,148
  • Nov 5, 2010 8:05am Nov 5, 2010 8:05am
Quoting Mr Hatch
why would it matter? okay, so they released positions before the official announcement, but that only have been a fraction of whatt they collected on the way up. otherwise we would already be much deeper.
because other cb had emergency meetings after qe results. but they did not change anything to prop up the usd verses their own currency. U.S. probably asked them to wait till after nfp.
those who can, do. those who cant, talk about those who can
  • #320,149
  • Nov 5, 2010 8:07am Nov 5, 2010 8:07am
Below 4020 it's down. Just above, a good spot to buy, so we'll se.

Both futures and eu waiting for direction now


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  • #320,150
  • Nov 5, 2010 8:10am Nov 5, 2010 8:10am
Quoting Z3iz3i
Those news were chance for bears to brake that 4hr trendline at 1.4030 and things might turn upside down...maybe baby.

But Bulls are overwhelming Bears Daily/4hr.

Which big money consider more important, FEDs doing or NFP?
the jobs numbers.

qe2 was a response to the job numbers.

it's the last piece of puzzle for the perception of recovery.

keep in mind... QE2 can be "adjusted" in either direction whenever Ben wants to
  • #320,151
  • Nov 5, 2010 8:10am Nov 5, 2010 8:10am
Quoting kassec
Watch for several indis divergences on those tf. It doesn't smell like we'll see 1.44 on monday.
I dont expect that either.

All things happened this week and because of that NFP turned out to be indecisive and i think pair will start rangeing here for some time.
They think they are smarter than I am.
  • #320,152
  • Nov 5, 2010 8:10am Nov 5, 2010 8:10am
Quoting fontu
tp hit earlier & usdx more than expected now & more may come .over weekly tl & hope stay hold over this weekend.breaking resistance again.
fontu
Is there any hourly or 4h close above the weekly tl for usdx?
  • #320,153
  • Nov 5, 2010 8:11am Nov 5, 2010 8:11am
so we got some good data fron us,
some bad fron EU
i just wonder if dollar index on weekly will close above the trend line
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  • #320,154
  • Nov 5, 2010 8:11am Nov 5, 2010 8:11am
Quoting T@rantula
while we are staying below 4110 3980 is the target. 4100>4035>3980
Hi bro
How is life? Hope all fine
4020 - 4050 Buy zone in my view
  • #320,155
  • Nov 5, 2010 8:12am Nov 5, 2010 8:12am
woow any one knows why AUD is climing up so hard? seems AUD heard wrong data!!lol
  • #320,156
  • Nov 5, 2010 8:12am Nov 5, 2010 8:12am
the volume just re-entered was no volume after initial move till now.
making green pips large and red pips small this is my goal.
  • #320,157
  • Nov 5, 2010 8:15am Nov 5, 2010 8:15am
Quoting gatorinla
no there trying to break china's peg. those saving in china will soon have to spend more do to inflation. either save more or buy less is the choice. buying less eases commodity demand. at the same time stock market rises. and u.s exports more.. making u.s. and china exports cheaper in Europe.. turn down the media and do some math
no, QE is not adequate instrument in such case, there are more than that, but they do this one, because FED want export inflation, they do not want US stronger, they want other countries weaker - is known international FED strategy since it was created, look to history...
No crystal ball. I read the cards.
  • #320,158
  • Nov 5, 2010 8:15am Nov 5, 2010 8:15am
Quoting peyman
woow any one knows why AUD is climing up so hard? seems AUD heard wrong data!!lol
Indeed it seems so. That is what I primarily trade and am short at the moment at 1.0150. Anyone want to provide any commentary?
  • #320,159
  • Nov 5, 2010 8:15am Nov 5, 2010 8:15am
Quoting egkid
Hi bro
How is life? Hope all fine
4020 - 4050 Buy zone in my view

its ok mate...been shorting NFP on a retrace up. I will scale out if PA reach 4030-4020, but the break of 4020 targets 3980.

Indeed 4020-4050 is a buy zone, thats why we need to scale out.
  • #320,160
  • Nov 5, 2010 8:16am Nov 5, 2010 8:16am
Obama about to speak be cautious.
making green pips large and red pips small this is my goal.
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