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  • #361,501
  • Jan 9, 2011 10:48pm Jan 9, 2011 10:48pm
Quoting mikej2010
1. What does Tokyo have to do with China's CB buying up

2. China has 'supposedly' already made a couple purchases tonight driving the earlier rally.

3. As far as Japan, I would concern that one more with USD/JPY, Japan hasn't really been as involved in the Euro when compared to others.

I have been bearish on this pair, but China is in the Game of buying up cheap, selling down for more $$$.

& as we sink further down, I think there will be gradual profit taking in the 1.25xx-1.28xx area to slow the declines from what they would be.
you do realize if china buys.. someone has sold right? so your broker or some hedge fund or bank spills bs to help their trade.
those who can, do. those who cant, talk about those who can
  • #361,502
  • Jan 9, 2011 10:51pm Jan 9, 2011 10:51pm
Quoting gatorinla
you do realize if china buys.. someone has sold right? so your broker or some hedge fund or bank spills bs to help their trade.
I thought Skyzer was the only one that did that...
  • #361,503
  • Jan 9, 2011 10:51pm Jan 9, 2011 10:51pm
Quoting PriceVolume
Hey gator....have you heard from the fat lady lately?
just watching closes.. i do think we have strong support .. we just aint hit it yet.. i figure 2843 area.. and a few hard #s mentioned Friday.. i target 2791 as #3.. 2749 is on a bigger tf. hour close under 2906 should help settle this. under 2904 even better.. even as the little guys want under 2900
those who can, do. those who cant, talk about those who can
  • #361,504
  • Jan 9, 2011 10:54pm Jan 9, 2011 10:54pm
Quoting gatorinla
you do realize if china buys.. someone has sold right? so your broker or some hedge fund or bank spills bs to help their trade.
yes yes yes, all the conspiracy's of spilling BS. It's all just a 'center-of-gravity' situation, nulling of the signal. Buy Cheap, Better selling position. Nothing new.

I still think it's just a simple, non-stop rotation of PPP , and the Euro is long overdue for it.

right now China is in the process of buying euro debt, but they are just setting up business propositions & trying to get the Euros as cheap as they can in the long run to do the best business deals that they can.

Nothing complicated about it.
  • #361,505
  • Jan 9, 2011 10:54pm Jan 9, 2011 10:54pm
Quoting gatorinla
just watching closes.. i do think we have strong support .. we just aint hit it yet.. i figure 2943 area.. and a few hard #s mentioned Friday.. i target 2791 as #3.. 2749 is on a bigger tf. hour close under 2906 should help settle this. under 2904 even better
2854 is the only thing I see between us and 2639.....
  • #361,506
  • Jan 9, 2011 10:55pm Jan 9, 2011 10:55pm
Quoting mikej2010
As tempting as it is, I wouldn't touch a long tonight without a tight tight SL, just because ... IMO, the USD weakness tonight is just profit taking from the Bullish USD run across the board last week.

once profits are taken, & actual news comes out, I expect some much deeper trends to develop and develop fast.

Already seen USD profit taking right off the bat in the Asian market, expect the same in the early time of the London session & U.S. session, especially profit taken in the U.S. session if London drives price back down after taking profits....
I agree with you, but given that the pair is extremely oversold, it would be better for a retracement to take place today so that the bears could reposition themselves?
  • #361,507
  • Jan 9, 2011 10:58pm Jan 9, 2011 10:58pm
Quoting BrunargarFx
I agree with you, but given that the pair is extremely oversold, it would be better for a retracement to take place today so that the bears could reposition themselves?
The terms overbought and oversold get thrown around alot (I even use them from time to time), but what you have to remember is that they mean precisely dick without raw PA signaling a retracement....just food for thought.
  • #361,508
  • Jan 9, 2011 10:59pm Jan 9, 2011 10:59pm
Apparently some of you think the butterfly is already completed.
It isn't.
only at arrow in chart is 127.2 fib.
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  • #361,509
  • Jan 9, 2011 11:04pm Jan 9, 2011 11:04pm
Quoting PriceVolume
The terms overbought and oversold get thrown around alot (I even use them from time to time), but what you have to remember is that they mean precisely dick without raw PA signaling a retracement....just food for thought.
Not only that, but something can remain overbought/oversold for months before it corrects. A real good example.... Do you remember Enron stock? Once that started crashing the signals showed...Oversold...many were buying becasue it was....oversold..... Guess what....it has corrected... it is no longer oversold..

Trust me... My wife has been overbuying for years... I am just waiting for the correction.
  • #361,510
  • Jan 9, 2011 11:06pm Jan 9, 2011 11:06pm
Quoting PriceVolume
The terms overbought and oversold get thrown around alot (I even use them from time to time), but what you have to remember is that they mean precisely dick without raw PA signaling a retracement....just food for thought.
Hé hé hé indeed.
The PA will drive the decision...
I am just more cautious to keep going short when my indies are like that. I have no position right now. Closed my short at 1.29 earlier on.
  • #361,511
  • Jan 9, 2011 11:06pm Jan 9, 2011 11:06pm

Quoting Ctic
Not only that, but something can remain overbought/oversold for months before it corrects. A real good example.... Do you remember Enron stock? Once that started crashing the signals showed...Oversold...many were buying becasue it was....oversold..... Guess what....it has corrected... it is no longer oversold..

Trust me... My wife has been overbuying for years... I am just waiting for the correction.
  • #361,512
  • Jan 9, 2011 11:07pm Jan 9, 2011 11:07pm
Quoting Ctic
.. I am just waiting for the correction.
seems like its on support...
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  • #361,513
  • Jan 9, 2011 11:11pm Jan 9, 2011 11:11pm
Quoting gatorinla
just watching closes.. i do think we have strong support .. we just aint hit it yet.. i figure 2843 area.. and a few hard #s mentioned Friday.. i target 2791 as #3.. 2749 is on a bigger tf. hour close under 2906 should help settle this. under 2904 even better.. even as the little guys want under 2900
nothing settled. above 06 and still below 26..
it would be nice for someone to just tap me on the shoulder sometimes and say.. i put 2969 and subtracted 2843 from it and came up with 126. i then divided it in half and came up with 63.. i added it to the number you posted friday. .2843 and ended up with 2906.. we closed just below.. oh well..
those who can, do. those who cant, talk about those who can
  • #361,514
  • Jan 9, 2011 11:13pm Jan 9, 2011 11:13pm
Quoting mikej2010
yes yes yes, all the conspiracy's of spilling BS. It's all just a 'center-of-gravity' situation, nulling of the signal. Buy Cheap, Better selling position. Nothing new.

I still think it's just a simple, non-stop rotation of PPP , and the Euro is long overdue for it.

right now China is in the process of buying euro debt, but they are just setting up business propositions & trying to get the Euros as cheap as they can in the long run to do the best business deals that they can.

Nothing complicated about it.
yeah.. and the swiss aint buying..
those who can, do. those who cant, talk about those who can
  • #361,515
  • Jan 9, 2011 11:14pm Jan 9, 2011 11:14pm
Quoting mikej2010
1. What does Tokyo have to do with China's CB buying up.

2. China has 'supposedly' already made a couple purchases tonight driving the earlier rally.
Sorry for delay; wife called from Chicago, and then I had some top of hour stuff.

Don't know for sure, of course, but when a big entity buys, they want as much offer side as they can get to keep the offer from moving too much, and with BTMU, Nomura, and the other big Japanese dealers out, it'd just be much thinner.

China's actions, here, are kind of the opposite of what a CB doing intervention wants: interventions, they want to move the market. If BoC is really buying reserves, they don't want to run it up.

But, like in an intervention, if they can get the price to the levels they want without actually trading, all the better. So, assuming they want the EUR stable, rumors can sometimes work as well as buys.
  • #361,516
  • Jan 9, 2011 11:16pm Jan 9, 2011 11:16pm
Quoting gatorinla
yeah.. and the swiss aint buying..
were you in the Navy?
  • #361,517
  • Jan 9, 2011 11:17pm Jan 9, 2011 11:17pm
Quoting mikej2010
were you in the Navy?
hmmmm nope.. but i did swim with 90 pounds on my back. i also stayed at a holiday inn express a week.
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those who can, do. those who cant, talk about those who can
  • #361,518
  • Jan 9, 2011 11:24pm Jan 9, 2011 11:24pm
Quoting gatorinla
hmmmm nope.. but i did swim with 90 pounds on my back
Just curious, nm. But everything in life ties together, science, math, blah blah blah.

I work on Circuit Cards for Boeing & the AF {or I did, might again}.

Everything runs through a oscillator and you just find the correct signal to troubleshoot the bad component, do some micro-soldering, and 'WALA', you fixed a Circuit Card worth over $150,000 for a few bucks.

One thing you learn, everything nulls out for the most precise signal, and if it isn't null. You get it null. Point is, everything will come back to null unless it is broken. We are just going back and forth to null with all the so-called BS aside.

Most of the big boys use the "Rueters 3000 extra" or a similar trading platform correct? and trades are done privatively correct?

So I am just asking, If I am one to assume what is being carried out in one of their trades, what would it be called when someone assumes that a different transaction flow is occurring {assuming they aren't a big player with that access aka you or whomever else here}?
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  • #361,519
  • Jan 9, 2011 11:25pm Jan 9, 2011 11:25pm
so so called gap filled & tested also lowest pullback level , in a bear set up , expecting 2884 & low & short taken.
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #361,520
  • Jan 9, 2011 11:29pm Jan 9, 2011 11:29pm
Quoting mercy seat
http://cdn.forexfactory.com/images/attach/png.gif 2011-01-10_00h47_ EURUSD _ min015 _ 1100 x 800 (BarChart+Pivots).PNG (24.1 KB)


EUR/USD : Asian Session

If not below 1.2869 - 1.2849 zone ... which is possible as 1.2865 has been hit already ... there might be some upside corrective action towards 1.2945 - 1.2965 or even to 1.2985 area ... later then ... after which it could go to the downside again ......

http://cdn.forexfactory.com/images/attach/png.gif 2011-01-10_06h08_ EURUSD _ min015 _ 1100 x 800 (BarChart+Pivots).PNG (24.3 KB)


EUR/USD : Asian Session

If not below 1.2869 - 1.2849 zone ... which is possible as 1.2865 has been hit already ... there might be some upside corrective action towards 1.2945 - 1.2965 or even to 1.2985 area ... later then ... after which it could go to the downside again ...


First down ... then up ... then down again ... this would be a preferred rythm ...


Okay ... nothing has changed ... Bias & Trend down (-7) ... Elliott with projection points at 1.2865 and 1.2830 ...

Highest been given at 1.29298 ...

Lowest been taken at 1.28650 ...

Total span until now aprox. 65 pips ...


Further bounce energy possibly to prevail later then ... hourly resistances at 1.2945 and 1.2985 then 1.3023 again ...


Time for another rest ... 08:00 CET Germany Manufactury Turnover ...





;-)
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