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  • #335,001
  • Nov 29, 2010 2:38pm Nov 29, 2010 2:38pm
Quoting Mr Hatch
but that news alone is a good one, isn't it?

btw: my daily candle will close in 2,5 hrs. if we bounce - why so ever - further up, this one could result in a nice hammer, but i doubt it. we'll see.

i think any news coming out of ez is bad, no matter what it is....you gotta look back at your chart and see that eu is being completely dumped....

Markets are pricing something in with EZ. What is it? maybe a default, or maybe a big country leaving eurozone. Im gonna go out on a limb and say its the latter....

we will see a short squeeze though....its how these moves keep going. where? i dunno but i have a sizeable bounce near 2860-40.
  • #335,002
  • Nov 29, 2010 2:43pm Nov 29, 2010 2:43pm
Quoting mfoste1
i think any news coming out of ez is bad, no matter what it is....you gotta look back at your chart and see that eu is being completely dumped....

Markets are pricing something in with EZ. What is it? maybe a default, or maybe a big country leaving eurozone. Im gonna go out on a limb and say its the latter....

we will see a short squeeze though....its how these moves keep going. where? i dunno but i have a sizeable bounce near 2860-40.
i have thought about the possibility of one of the biggies leaving ez... i cannot come up with a viable solution. let's take germany for example. re-iintroducing something like the DeutschMark would devalue it, wouldn't it? Therefore Germany's debt would rise beyond believe... who'd win from that? Germany not, that's for sure. The same is true for France, any of PIIGS.

Am I missing something?

I can see that bounce around 2810. That's what target-trend-method says... we'll see soon enough. When we are there, that's more or less a temporary buy then... I will need lots of suction to my chair with my hands under my legs not to fall for the trap again. Better, I'm not here at all when it happens.
  • #335,003
  • Nov 29, 2010 2:43pm Nov 29, 2010 2:43pm
i'll sell more at .3140

stan
  • #335,004
  • Nov 29, 2010 2:45pm Nov 29, 2010 2:45pm
hi mfoste1

do you think it will long in the coming 2days?
cheers



Quoting mfoste1
i think any news coming out of ez is bad, no matter what it is....you gotta look back at your chart and see that eu is being completely dumped....

Markets are pricing something in with EZ. What is it? maybe a default, or maybe a big country leaving eurozone. Im gonna go out on a limb and say its the latter....

we will see a short squeeze though....its how these moves keep going. where? i dunno but i have a sizeable bounce near 2860-40.
  • #335,005
  • Nov 29, 2010 2:46pm Nov 29, 2010 2:46pm
Quoting gatorinla
well if its technical then we have just begun. the technicals were there before any news. the news just speed up the process.
dunno about that, but my interest in TA doesn't go very far.

Lions and antelope. Ireland was easy picking, a cripple antelope because of her banks' insolvency. Portugal/Spain are not there yet & won't be this week this month or next either. Could be time for fat belly lions to snooze in the sun.

Of course, many other irons in the fire. If NK doesn't get an emergency shipment of kim chee who knows what they might do....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #335,006
  • Nov 29, 2010 2:53pm Nov 29, 2010 2:53pm
i only see buying on dips (blue arrows) on 15min (or profit taking). would be wise to wait for a confirmation before shorting again...

Quoting druckenmillr
i'll sell more at .3140

stan
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Nihil Sine Deo.
  • #335,007
  • Nov 29, 2010 2:54pm Nov 29, 2010 2:54pm
so forgive such a novice question, this is my first time trading in end of nov and december in fx, is this pa going to just die the rest of the year?
Know when to hold em, Know when to fold em!
  • #335,008
  • Nov 29, 2010 2:55pm Nov 29, 2010 2:55pm
Quoting freshtrader2
hi mfoste1

do you think it will long in the coming 2days?
cheers

i dunno anything can happen....but technicals say bounce near 2850

i wouldnt recommend trading against this trend
  • #335,009
  • Nov 29, 2010 2:57pm Nov 29, 2010 2:57pm
into the NY close.

let's see how many NY desks and Chicago pukes hold on to these longs.

that's who's playing the short squeeze.

stan
  • #335,010
  • Nov 29, 2010 3:02pm Nov 29, 2010 3:02pm
Quoting goods
so forgive such a novice question, this is my first time trading in end of nov and december in fx, is this pa going to just die the rest of the year?
why don't you look at some charts and see what happened in previous years?

Last year we had a 1,000 pip E/U slide on the Dubai news....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #335,011
  • Nov 29, 2010 3:04pm Nov 29, 2010 3:04pm
Quoting The Fool
why don't you look at some charts and see what happened in previous years?

Last year we had a 1,000 pip E/U slide on the Dubai news....
yea I remember the stock market going nuts on that news. I will backtest i guess. Just wondering when to expect slow down and what not
Know when to hold em, Know when to fold em!
  • #335,012
  • Nov 29, 2010 3:07pm Nov 29, 2010 3:07pm
“The economy is highly indebted and has one of the most negative international investment positions (IIP) among advanced countries,” said the IMF. Its external accounts are under water by 80pc of GDP.

Furthermore, Spanish banks will need to roll over €220bn in 2011 and 2012, according to Enrique Gońi, head of Banca Cívica. “We’re in the antechamber of a new liquidity crisis. We’re living through a financial pre-collapse,” he said.

Now, before yet more Iberian brickbats fly my way, let me say that Spain’s public debt will be a modest 63pc of GDP this year (though total debt is over 270pc, which is what matters). The savings rate is high.

http://www.telegraph.co.uk/finance/c...n-wobbles.html
  • #335,013
  • Nov 29, 2010 3:09pm Nov 29, 2010 3:09pm
Hmm. Who broke e/u? hah.
Pretty dead.
  • #335,014
  • Nov 29, 2010 3:14pm Nov 29, 2010 3:14pm
i am in long since last week @1.3460 , do you think we might go up to that level before reaches 1.2980 or should i have come from this trading with my lose

Quoting mfoste1
i dunno anything can happen....but technicals say bounce near 2850

i wouldnt recommend trading against this trend
  • #335,015
  • Nov 29, 2010 3:18pm Nov 29, 2010 3:18pm
Quoting freshtrader2
i am in long since last week @1.3460 , do you think we might go up to that level before reaches 1.2980 or should i have come from this trading with my lose
I am currently not expecting much higher than 3200., and with this strong downward momentum, it may be something close to a coin toss on getting their.
  • #335,016
  • Nov 29, 2010 3:22pm Nov 29, 2010 3:22pm
After 4 hour,
The EUR/USD is keep going Bearish today. Take a look at my 4 hour chart


http://preview.shareapic.net/preview7/023983074.gif
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  • #335,017
  • Nov 29, 2010 3:24pm Nov 29, 2010 3:24pm
Quoting freshtrader2
i am in long since last week @1.3460 , do you think we might go up to that level before reaches 1.2980 or should i have come from this trading with my lose
Depends how deep your pockets are mate, but a 400 pip drawdown is pretty strong...
  • #335,018
  • Nov 29, 2010 3:24pm Nov 29, 2010 3:24pm
EURUSD and GBPUSD are running flat... i made a small sell with 10 pips stop. I had a nice day (EURUSD short )
  • #335,019
  • Nov 29, 2010 3:37pm Nov 29, 2010 3:37pm
If the stress tests indicated that everything was ok with the Irish banks then why are they going to receive 10 billion?
  • #335,020
  • Nov 29, 2010 3:39pm Nov 29, 2010 3:39pm
Quoting freshtrader2
i am in long since last week @1.3460 , do you think we might go up to that level before reaches 1.2980 or should i have come from this trading with my lose
i dont think so ..we are just making new lows.. shorts are still in play in my opinion
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