EURUSD

I went to one of her rallies here in Ohio and she had Gretchen Wilson there for entertainment. The song Gretchen sang was "Red neck woman" LOL
At that moment, I thought..WTH. LOL

LMAO

revisiting DP

IMO, not being corrupt is not a virtue but is A MUST if you are in public office and that shouldn't be a highlight in any politician CV (although a lot of them are dirty in our days) and especially it shouldn't serve as a replacement for lack of preparation, education or capacity for managing an important public post. Sadly, IMO she doesn't have any of those.

In any case enough of politics. Good luck to you and good luck to all trading overnight.

sisse

3255 to 3082 is my call

I think today's high was a reasonably easy call with the pivot confluence, daily & weekly...

this too more sexy

3245 hard to break

I saw what you did there.

As I stated a while ago, I have been off in my forex thinking today so keep that in mind before reading this post.lol (probably due to the 12 dozen cookies that I have to decorate in just a few min) but the H4 is still (barely) in an abc pattern with bullish hidden divergence with the immediate targets as the FE's. The spike below the low happened during the 10 am est data today so the 3207 may be the low for now. But then again,this H4 is forming a HS. So we will have to wait and see. I wont be trading it as I will be acting as suzi homemaker this evening.

I got some major fibo confluence coming in around 325x, but expect to see asia spike through it gunning for stops, may possibly represent a good shorting opp...

Pretty much in line with Suthmo's call, although I think that downside target is a little ambitious, for Asia anyway...

dam got cought

Hahah thats funny.. Weird how many similarities he has with them

How was it today Hatch. Did u slept over london again? Didnt see u..

This thread is giving me a headache...

Im sticking with my short, will leave the trade open over the asian session hoping for someone to drive this down because im not sure (or convinced for that matter) how long Buyers will be able to fend off that assault on the 3200 zone.

Theres strong selling pressure from 3240-60 and strong buying pressure from 3180-3210 and i have a feeling someone is seriously trying to hang on to their positions. If the asian markets decide to devalue the euro during the asia session i think its reasonable to assume we should drop below 3180.

The reason i dont believe in longs is because during the philly announcement everyone was so centered on the overshoot of the data that they completely missed out on the important parts of the report (employment and cost index), ultimately its the smart traders that setup their buying positions on that lower dip and rode it up, im just assuming and speculating here at this point is that they should get out of their positions soon enough.

I'm also convinced that mainstream asian traders will be very concerned about the ECB'S descision to double up on their capital. Its a very strange move and as posted earlier gives us some insight on the Euro's strength. I'm trying to read up on the euros reserve fund right now but will do that tommorow im just to bloody exhausted from reading the massive amount of posts in here which are borderline psychotic, disturbing, annoying, pointless and useless and my brain is not able to process data properly right now.

On another note regarding the Euro, yes the discussions in euro are going on right now but ultimately until i see some decent paperwork its pretty much a messed up situation, a eurozone support fund is of no value (unless you enjoy printing paper) unless Portugal, Spain, Ireland and Greece are able to work out their issues concerning sovereign debt, government budgets etc.
We are in the midst of a recession here as well as in the US and its not easy to fight. Economists and Politicians are having massive disagreements mainly because the people are completely delusional about the massive amounts of wasted money in government spending etc.

I'm most certainly not one of those people who think the Eurozone is going to collapse or break apart. This idea is laughable at best and loudacris at worst. But i believe the fair pricing of the Euro is between 1.15 and 1.22. Infact it would be better for the eurozone to keep a lower euro to boost its export rates up and stabilize the economy somewhat.
Concerning the Dollar im not a big fan of it either and im watching the 10yr bondrates right now to determine how much the dollar really is in demand, right now im hoping for the yield to drop below 3% which would ultimately make sure the dollar is in decent demand but with all the debt and securities right now and the general attitude of Bernanke and the fed its really quite hard to comprehend what the hell is going on.

Japan is fighting with the insane appreciation of the Yen currently but the yen is millions of kilometers away from being a global currency and until china takes the appropriate steps and stops artificially keeping the yuan low i see no alternatives other than the Euro and the Dollar, so its really like having the choice between a soulless bastard and a retarded bastard.....

Personally my money is on the Dollar and im remaining with my longterm targets of hitting 1.18.

Please don't turn your answers concerning this posting into one of those "LOL U R BULL LOL FAIL" or "LOL WUT SHORT IZ 4 IDIOTZ". Trading is subjective and positions we enter factor in a certain timeframe that most of us don't share, i hold my trades for long period of time (10-30 hours) since i usually enjoy riding larger waves down or up. Even though there are days were i just usually scalp the living shit out of the eur/usd (1-2 pips per trade *50-60).

You are free to disagree with me and or even challenge my views, im actually even appreciative of people who disagree with me as long as they have data and reasoning to back their oppinions up.

If youre looking for my chart you can find it in an earlier post of mine, to tired to search for it manually now.

one nap and shit happens. its getting ripe. im no volume guro.. but i bet it sucks.. on the way up..the wedge shows this.

Yup Red; good levels to watch.

no "necks" broken yet...

i hope they don't screw this up... that was my only good idea today.

i doubt he would waste his time.... i know i wouldn't.