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  • #329,061
  • Nov 19, 2010 5:33am Nov 19, 2010 5:33am
I think we still have more up move to around 1.3770/75 range for selling but good luck if you take it.



Quoting DrLobo
Some reasons to consider this a top:

1) 4hr/1hr/30/15/5 Indicators screaming that its over sold. (Granted may not be a top may just be a pull back)

2) 4hr touching 200 EMA, we dont have momentum to get passed it we will bounce down and very hard (back test this one).

3) 300 pips in one direction we are due at least a descent amount of pull back lets see how the buyers will start being sellers.

4) Gold is already falling (Dollar will soon be bought)

Summary:

Market is looking exhausted and people have over bought what is currently a weak...
  • #329,062
  • Nov 19, 2010 5:33am Nov 19, 2010 5:33am
Expect 1.4100 in next two hours.

Yes - 1.4100!

Buy on dips.
  • #329,063
  • Nov 19, 2010 5:38am Nov 19, 2010 5:38am
Am short.
the 38.2 retrace has confluince with the PP.
Besides can retest TL at same time.
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  • #329,064
  • Nov 19, 2010 5:40am Nov 19, 2010 5:40am
Quoting T.E.Lawrence
Expect 1.4100 in next two hours.

Yes - 1.4100!

Buy on dips.

Great idea! But how low will it go?
  • #329,065
  • Nov 19, 2010 5:42am Nov 19, 2010 5:42am
looking for shorts in the red area. and i'm using stops ofcourse, you never no.. 1.39 or 1.40 in a couple of hours lol
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  • #329,066
  • Nov 19, 2010 5:43am Nov 19, 2010 5:43am
Does anyone have a rough figure on what the Gold/EUR correlation is running at lately? Thanks in advance, PTL...
Look Sharp/Trade Tight
  • #329,067
  • Nov 19, 2010 5:45am Nov 19, 2010 5:45am
Quoting TudorJonesJR
looking for shorts in the red area. and i'm using stops ofcourse, you never no.. 1.39 or 1.40 in a couple of hours lol

Or 1.35 you always can make a choice
  • #329,068
  • Nov 19, 2010 5:46am Nov 19, 2010 5:46am
Quoting noblehobo
per DJ news wire:

1048 GMT [Dow Jones] The dollar initially spiked higher after reports China had hiked rates by 50bp, however confirmation that it was a hike in bank reserve requirements and not interest rates has seen the dollar reverse direction and fall to the day's lows pretty much across the board.

Can someone explain this to me please?

If the USD is dropping to lows for the day, then why are fibre and mostly cable also dropping? In the normal course of events when USD weakens they both go up, not down.
  • #329,069
  • Nov 19, 2010 5:48am Nov 19, 2010 5:48am
no no, 3732 is top of retracement level or there is no retracement.

we have started ... and right about now, Euro buyers are choking wanting to sell





Quoting disegnosys
I think we still have more up move to around 1.3770/75 range for selling but good luck if you take it.

  • #329,070
  • Nov 19, 2010 5:50am Nov 19, 2010 5:50am
oh another reason.

Nice butterfly on the M15. TP1 = 3660.

All technical stuff here.



Quoting DrLobo
no no, 3732 is top of retracement level or there is no retracement.

we have started ... and right about now, Euro buyers are choking wanting to sell
  • #329,071
  • Nov 19, 2010 5:53am Nov 19, 2010 5:53am
Here is my current intraday view.

sisse
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Pending conversations? PM for a chat...I am mainly in OTM now
  • #329,072
  • Nov 19, 2010 5:55am Nov 19, 2010 5:55am
Quoting DrLobo
no no, 3732 is top of retracement level or there is no retracement.

we have started ... and right about now, Euro buyers are choking wanting to sell
Ok, your reasons are good for a sell but I'm not feeling good about taking a short at that level so I picked the higher ones. NY still not hear and EU still could see her daily range of 150 pips. You could be right and good luck with trades.

  • #329,073
  • Nov 19, 2010 5:59am Nov 19, 2010 5:59am
Quoting DrLobo
Some reasons to consider this a top:

1) 4hr/1hr/30/15/5 Indicators screaming that its over sold. (Granted may not be a top may just be a pull back)

2) 4hr touching 200 EMA, we dont have momentum to get passed it we will bounce down and very hard (back test this one).

3) 300 pips in one direction we are due at least a descent amount of pull back lets see how the buyers will start being sellers.

4) Gold is already falling (Dollar will soon be bought)

Summary:

Market is looking exhausted and people have over bought what is currently a weak...
All true, though i would prefer to see Oil instead of Gold falling or both.

We have been trading for a while above 200ema at 4hr (depends how you apply it to close/high/low etc) and its just testing it. But next hour will be important for that to see direction for rest of the day.

But price does not want to come down yet and daily range is not achieved yet though it may not today.
Need to see a signal, not seeing it yet and i can't guess in this business
They think they are smarter than I am.
  • #329,074
  • Nov 19, 2010 6:01am Nov 19, 2010 6:01am
Probably best to buy the dips targeting the FE 100 and the inverse target unless price closes below the neck line on this h1 chart.
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  • #329,075
  • Nov 19, 2010 6:07am Nov 19, 2010 6:07am
hey all,
were you all in for the ride ... up and down and up and down again... such fun riding this thing ........friday is always, i mean always a surprise....
  • #329,076
  • Nov 19, 2010 6:11am Nov 19, 2010 6:11am
Quoting Jordie
hey all,
were you all in for the ride ... up and down and up and down again... such fun riding this thing ........friday is always, i mean always a surprise....
Freaky Fridays! Sometimes they F#$K me UP!
  • #329,077
  • Nov 19, 2010 6:20am Nov 19, 2010 6:20am
IMF’s Strauss Kahn: Europe has “serious growth problem”, productivity lags in Southern countries with competitiveness problems
  • #329,078
  • Nov 19, 2010 6:21am Nov 19, 2010 6:21am
Quoting sisse
Based on? Fundamentals ? TA? a hunch?. Srikanth why don't you helps us keeping a constructive thread and post some arguments for that call... otherwise is just another random number that pollute the thread.

Thanks

sisse
Today is friday. It's risky to trade. But still i'm seeing some crazy up move. check out the below chart.
Attached Image
  • #329,079
  • Nov 19, 2010 6:23am Nov 19, 2010 6:23am
Quoting Forexfsa
IMF’s Strauss Kahn: Europe has “serious growth problem”, productivity lags in Southern countries with competitiveness problems

Sovereign debt crisis not over in Europe
  • #329,080
  • Nov 19, 2010 6:28am Nov 19, 2010 6:28am
Quoting Forexfsa
IMF’s Strauss Kahn: Europe has “serious growth problem”, productivity lags in Southern countries with competitiveness problems

 

  1. Sovereign debt crisis not over in Europe
  2. Medium-term fiscal consolidation crucial in Europe, job creation must be a priority
  3. Europe needs to further integrate labour markets
  4. Economic growth needs to be more balanceed, both globally and within Europe
  5. It’s simply not true that surpluses are good and deficits are bad
  6. Current account deficits in some European countries must shrink, domestic demand in Germany must rise

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