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  • #339,101
  • Dec 3, 2010 9:59pm Dec 3, 2010 9:59pm
A salute from the past... have a good weekend all!
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  • #339,102
  • Dec 3, 2010 10:40pm Dec 3, 2010 10:40pm
Quoting Pipstrumpf
Good morning all,

So NFP numbers not so good.
A well US$ bashing on, again, as the Euro bashing game got boring.

Anyway for all those Euro shorts out there please note that USD/JPY pair is on a massive dive course at the moment and the BOJ has still a finger close to the intervention button.

Cheers
Last time the BOJ pushed the button to weaken the Yen (see white circles);

EUR/USD and EUR/JPY
Attached Image
Attached Image


As we know EUR/USD is suddenly on a recovery mission but not the EUR/JPY pair;
Attached Image
Attached Image


And why was there no rally on the EUR/JPY cross?
Because of that (USD/JPY);
Attached Image


Any intervention by the BOJ will send the EUR/JPY a few hundred pips higher and that will effect the EUR/USD cross too (positive correlated). So when you short the Euro keep that in mind.

Apologize for taking that much space.

Cheers
  • #339,103
  • Dec 3, 2010 10:55pm Dec 3, 2010 10:55pm
Quoting Pipstrumpf
Last time the BOJ pushed the button to weaken the Yen (see white circles);

EUR/USD and EUR/JPY...
Thanks for post, or should I call it a 'reminder'.

I am pretty sure to clarify, that they said when the usd/jpy was at the 80.xx levels that most likely it would be triggered for them to intervene at the 79.75 area since that is the multi-decade low, pretty sure they said most likely there would be no intervention until it is at 80.00 or below.

But who knows!
  • #339,104
  • Dec 3, 2010 11:02pm Dec 3, 2010 11:02pm

“a sovereign debt default of at least one of the peripheral countries is almost inevitable. A default by any member country is more than likely to trigger contagion to the rest of the periphery and to lead to the eventual exit from the euro of Greece, Ireland, Portugal and Spain.”


There is an interesting article from yesterday’s “The Economist” edition based on Mr. Lachman paper. The best thing about this article, it has a link to his paper - 30 pages of very interesting work (just click on “paper” link in the 1st paragraph):
Source/link: http://www.economist.com/blogs/buttonwood/2010/12/eurozone_break-
http://cdn.forexfactory.com/images/misc/progress.gif

  • #339,105
  • Dec 3, 2010 11:03pm Dec 3, 2010 11:03pm
Does anyone knows a broker that doesn't charge a fee on funding an account and is reliable?
  • #339,106
  • Dec 3, 2010 11:10pm Dec 3, 2010 11:10pm
online gambling opens the door to spread betting

http://news.yahoo.com/s/ap/us_online_poker
"If The Fool persists in his Folly he will become wise." - William Blake
  • #339,107
  • Dec 3, 2010 11:18pm Dec 3, 2010 11:18pm
Quoting SkyzerFX
Despite all my

bullishness about OIL and stuff, even I'm getting surprised by current

commodities moves.. US- Biggest World OIL consumer out of WORK and

freaking OIL is shooting up on 10% unemployment report?
I was going to make a comment that drop in dollar means OIL is cheaper for overseas investor, but it seems it's just cold.

http://af.reuters.com/article/energy...14303820101203
  • #339,108
  • Dec 3, 2010 11:59pm Dec 3, 2010 11:59pm
Quoting Alihuzaifa
good nfp just 2 trades.
Leet
COT: The precious data ignored
  • #339,109
  • Dec 4, 2010 1:31am Dec 4, 2010 1:31am
Quoting SkyzerFX
How about this 1.3460 looking real good to me as a cap for EU

on Weekly (assuming ECB already starting QE as well):
You seem to have this thing for going in the opposite direction.

would wait for a clear rejection before calling a top on this one

It's euro weakness not dollar strength that drove the pair down last month

It's like other dollar pairs gu and uc were just hanging around s/r areas waiting to slap the dollar

Been talking about a bear flag on uc dailys for weeks and shorting it above parity(called entries here at 1.0015 and 1.0060) Risk was always less than 100 but currently showing around +300 green pips and might even go much below 0.9600

gu has significant support around 1.55 and au around 0.95 all pointing to usdx down.

i got derogatory names from guys like wormboy when i tried pointing this out this past week.

This thing has been bought/accumulated on dips for days now, will wait to see what happens on pullbacks next week
Mind over matter..I don't mind and you don't matter.
  • #339,110
  • Dec 4, 2010 1:36am Dec 4, 2010 1:36am
weekley chart
Attached Image (click to enlarge)
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  • #339,111
  • Edited 2:05am Dec 4, 2010 1:53am | Edited 2:05am
Remember This post?

http://www.forexfactory.com/showpost...stcount=337055
http://www.forexfactory.com/showpost...stcount=337958

For Bull
Gate 1 : 1.3450 close any Daily bove that then going to test to Phase 2 area first.
Gate 2 : Close any Daily above 1.37

For Bear

Gate 1 : Close any daily below 1.3450
Gate 2 : Close any daily below 1.3050 then 1.27-1.25-1.23 and so on as per my plan earlier...

All Plan so far so good at the moment n let take a look in Gold reaction on Monday close as well as RBA key on Tues (as mentioned by few people b4)
People keep telling chart never lie. But i do not understand why so much discussion carry on over here (unless some Q from new-B regarding something that they need to know) again n again n again with the same mother father story...Then...Who r u? What r u talking BS? Rubbish? Crap post? wtf........all those stuff....think i am bothering now? mmmm........

Then can someone tell me wtf of this weekly candle is talking about? ....forget about what ever method that u guys learn....let talk about this basic..........

Why i ask because i know nothing. I just wanna get some answer from so called an elite trader a.k.a professional trader..in order to me to learn too....

p/s: I am not sure if later on someone will telling or replying a crap post to me, c-mon a lot of nebiew losses, put away ur egois bla n bla...wtf.
That is why i wont post much. Once a while n make it simple is better than the qty number of posting. Why? i do not have account to trade? Common-sense.....

Happy weekend and good luck

g
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  • #339,112
  • Dec 4, 2010 2:16am Dec 4, 2010 2:16am
The second HS has gone easy to target.
then a new HS more difficult under construction
HS B 13418 target 13866.
Buy 13350-133-13250
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  • #339,113
  • Dec 4, 2010 2:24am Dec 4, 2010 2:24am
Hi,

First violent move between 13/07/2008 and 26/10/2008 saw retrace at aroud 65%. Initial bootom was not touched by second plummet and again higher to around 75% retrace. An other move happened from 22/11/2009 to 06/06/2010 and saw a retrace of around 75% also and again a new bottom which was higher than the first. Can we expect a bottom lower than the biggest 1.2328 and 1.1875?
Little luck is forex water. Learn all Trading strategies, then forget them.
  • #339,114
  • Dec 4, 2010 2:29am Dec 4, 2010 2:29am
Quoting JuliusCeasar

This thing has been bought/accumulated on dips for days now, will wait to see what happens on pullbacks next week
Care to share your analysis about it ? chart or anything ?
I have my view on it as well but i like seeing interesting analysis.
At least it will something different compared to all the garbage of the last few days.

Cheers.
COT: The precious data ignored
  • #339,115
  • Dec 4, 2010 3:06am Dec 4, 2010 3:06am
With big ben's QE3 Tale,someone say the Euro and the whole financial market will back to Aug!!!


Quite similar and funny ,right?
From QE 2 in financial market since Aug,

Now even the idiot knew what QE is !!!!
Whatsoever QE!!!!!
It is nothing about US economy and US unemployment!

It's just tool of manipulation, it's about washing and robbery!!!!

Fed has publicly ,formerly lost their credibility and reputation not only to AMERICAN, BUT ALSO THE whole world !!!

Under this kind of funny financial terrorist authority,
The whole financial market is totally distorted !
By this way of debt and crisis resolution, either they die them self, or the whole world die !

Don't talk about investment and so called funny economy indicator !

In reality, the poor rob the bank and rich people, in financial market, the bank and rich people rob the poor trader,funny investor and THEY ROB EVERY NATION EVERY CITIZEN ON THE EARTH !!!
But They rob legally ,publicly by current law !

We do live in a funny world, right!!!
  • #339,116
  • Dec 4, 2010 3:42am Dec 4, 2010 3:42am
Quoting fxftime
In reality, the poor rob the bank and rich people, in financial market, the bank and rich people rob the poor trader,funny investor and THEY ROB EVERY NATION EVERY CITIZEN ON THE EARTH !!!
But They rob legally ,publicly by current law !

We do live in a funny world, right!!!
Yeah, its a real laff riot
"If The Fool persists in his Folly he will become wise." - William Blake
  • #339,117
  • Dec 4, 2010 4:04am Dec 4, 2010 4:04am
http://news.yahoo.com/s/ap/20101204/...rport_closures
"If The Fool persists in his Folly he will become wise." - William Blake
  • #339,118
  • Dec 4, 2010 4:27am Dec 4, 2010 4:27am
Hello everybody!

Please, give me a "reason" about this violent rising!
We know Irish banks are going to bankrupt (...some months ago passed the "stress test")...

We know Irish, Purtugal, Greece, Spain and Italy are going to default...
Too many debts! debts are paid with other debts....AMAZING!

We know the cross is falling from 1.4280, and with only three days all is changed? up trend resumed?

Please clarify this situation...

Thank yuou really much!
  • #339,119
  • Dec 4, 2010 4:53am Dec 4, 2010 4:53am
Quoting Pipstrumpf
Last time the BOJ pushed the button to weaken the Yen (see white circles);

EUR/USD and EUR/JPY...
Good solid informative post pipstrumpf!
It's good to see some correlation analysis as it's a big part of Forex.

Mikej2010,
Firstly, please put up a link showing that the BOJ was going to intervene at 79.75 once it had reached the 80.xx level. The BOJ intervened well before these levels at around 82.85! Noda is categorically not going to come out and say 'by the way guys, we are going to intervene at 79.75, just so you guys know.' Noda has been threatening and executing Yen selling before this level.

Secondly, look out for more BOJ interventions there will not be any warning. On the up move BOJ will be at their strongest if they decided to intervene again pushing the USDJPY significantly higher. Yen strength is an absolute killer for the Japanese exporters and something they can not continue to soak up, the BOJ is well aware and acting on this.

Also what's the point in staring a post out with 'Thanks for post, or should I call it a 'reminder'.'? There is really no need for the smarmy remarks!
I'm pretty sure there are newbies browsing this thread who are not aware of these types of correlations yet and would be a lot more thankful than yourself!

Have a good weekend guys!
  • #339,120
  • Dec 4, 2010 5:01am Dec 4, 2010 5:01am
Quoting dptrader
Hello everybody!

Please, give me a "reason" about this violent rising!
We know Irish banks are going to bankrupt (...some months ago passed the "stress test")...

We know Irish, Purtugal, Greece, Spain and Italy are going to default...
Too many debts! debts are paid with other debts....AMAZING!

We know the cross is falling from 1.4280, and with only three days all is changed? up trend resumed?

Please clarify this situation...

Thank yuou really much!
It's not as simple as "who sucks the most" anymore. Fundamentals (or as some call them funnymentals) indicate bad news everywhere and take your best shot "in my opinion". I can't tell you why the NFP seems to be the trigger, but these people have taken a stab at it. Even if their wrong they sound good.

Personally, I prefer Fib lines and S/R. If it heads north buy/south sell........
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