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EURUSD

  • #373,501
  • Jan 27, 2011 12:01am Jan 27, 2011 12:01am
Morning guys

Pivot 3686
S1 3651
S2 3605
R1 3732


Alpari trading Central


Pivot: 1.3625

Our preference: Long positions above 1.3625 with targets @ 1.3735 & 1.3805 in extension.

Alternative scenario: Below 1.3625 look for further downside with 1.3575 & 1.3525 as targets.

Comment: the pair remains supported by a key rising trend line, but the RSI is showing slightly bearish divergence, calling for caution.

Key levels
1.3865
1.3805
1.3735
1.37 last
1.3625
1.3575
1.3525
  • #373,502
  • Jan 27, 2011 12:02am Jan 27, 2011 12:02am
Quoting Purple
Straight 30% tax slab on all profits from speculation, for Indian citizens living and receiving profit sum in Indian bank account.
i thought it was for an indian resident receiving profit in any country's bank account(not just indian bank)...so does it mean that there is a way to receive the sum in overseas bank account and save/cut down the taxes a bit?
  • #373,503
  • Jan 27, 2011 12:05am Jan 27, 2011 12:05am
Quoting Shah22
Morning All,

5m shows some downward movement towards 3678, the supports are now at 3689, 3682.. break below 3678 then 3659 will be the next,, resistances above held on 3712, 3719 and 3731.. break 3731 then 3753-55 will be the next..
.

me too, short 3710, sl 3735, tp open
  • #373,504
  • Jan 27, 2011 12:08am Jan 27, 2011 12:08am
long? short? stay out?
  • #373,505
  • Jan 27, 2011 12:09am Jan 27, 2011 12:09am
Quoting nooblaster
long? short? stay out?
wait for the London session ....

Thanks
  • #373,506
  • Jan 27, 2011 12:12am Jan 27, 2011 12:12am
  •  Vilgax
  • | Joined Aug 2010 | Status: Lack of money is root of most evil | 466 Posts
Quoting Vilgax
what a day, was stopped out this morning for -30 pips on my short / made it back with a re-short by 3pm. Went in long now at 1.3680 for TP of 1.3710 and then I am done for the day....what a choppy day.... GL all

jeepers at last!!
The forex market has its own life and takes its own time.
  • #373,507
  • Jan 27, 2011 12:15am Jan 27, 2011 12:15am
Quoting onewish
.

me too, short 3710, sl 3735, tp open
Your stop loss is reasonable.. i didnt trade it yet.. prefer to be stay out till some clear direction.. Market is in range still..
  • #373,508
  • Jan 27, 2011 12:15am Jan 27, 2011 12:15am
Quoting Astroman
If the "swissy" takes a beating....which it has not...it can only mean the USD/CHF would go up.
Maybe I lost the point.
You're right, of course. Against the desires of most everyone on this side of the Pond, CHF is the quoted in that pair. But when he says "swissy will take a Beating before it's all over" it's pretty clear what he means. The rest is algebra, and most of us weren't told there was going to be any math in this business when we signed on.

Quoting Purple
You should also Google Sir. Charles Fredrick, who came out with 8 Day and 9 Day Strategy.
Hey, what about me? I show the 10 Day Strategy just up-thread. Just fade the 10th consecutive bar, and with as little as $15,000 drawdown per Lot and far less than a hundred or so days, you can get to break even. Maybe.

Quoting style2fx
Regarding the 1.37 forecast, on 13th of january, Goldman was right (euro was 1.334):
see this reuters article :
That article also shows how really good Goldman is at hedging. Note the article quotes the report as: "Goldman's initial target is $1.37, with a one-day stop on a close below $1.2850."

Now, if this is the top, and the EUR plunges, the analyst can say there were typos: he meant a one-day stop AT $1.37, TO a close below $1.2850.

Time for bed.
  • #373,509
  • Jan 27, 2011 12:17am Jan 27, 2011 12:17am
i agree dude...

we should wait till 3686 breached ( daily pivot).
  • #373,510
  • Jan 27, 2011 12:20am Jan 27, 2011 12:20am
price is in range ..
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  • #373,511
  • Jan 27, 2011 12:31am Jan 27, 2011 12:31am
Quoting Shah22
Your stop loss is reasonable.. i didnt trade it yet.. prefer to be stay out till some clear direction.. Market is in range still..
Like I mentioned 2 days ago, to me it looks like further sell orders being absorbed. If those are overcome we can see a huge rally to the upside. Rather stay flat now as well to see how they can take it all out or not.
  • #373,512
  • Jan 27, 2011 12:33am Jan 27, 2011 12:33am
Quoting xPrav
i thought it was for an indian resident receiving profit in any country's bank account(not just indian bank)...so does it mean that there is a way to receive the sum in overseas bank account and save/cut down the taxes a bit?
I am telling you this from what I read during my bachelor's degree back in 1999, if you are living outside India for more than 8 months and receving your income in the country where you are living (it has to be bank of that country, not Indian bank branch in that country) than you are obliged to pay your tax in the country where you are living and you wont be required to pay tax in India (only on the amount you 'receive' in that country).. provided both these countries have 'No double taxation' agreement.
  • #373,513
  • Edited 12:51am Jan 27, 2011 12:35am | Edited 12:51am
Quoting Astroman
If the "swissy" takes a beating....which it has not...it can only mean the USD/CHF would go up...
Ya think?

Quote
Maybe I lost the point.
Or.....

Here's the thing... Predi ((who DID get it it btw..)) asked me to confirm by posting "you mean USDCHF going down" and I replied "yeah". That means USD weakens and CHF strengthens... you still with me?

An overly strong franc is exactly what the SNB shot it's wad trying to avoid... and you can see how that worked out for them.

There are numerous accounts of how this was reported over the last many months by nearly every blogger on the 3rd Rock including more recently...
"The SNB, led by Philipp Hildebrand, purchased foreign currencies at an unprecedented pace in the first half of 2010 to fight franc gains, which threatened to hurt the recovery and spark deflation. While policy makers ended their intervention policy in June, Europe’s debt crisis has since eroded the euro and pushed the franc to an all-time high last month..."
http://www.businessweek.com/news/201...-reserves.html

We now have two kinds of intervention, the Old School kind by the CB's who have to actually pony up The Coin, ((not so much lately tho...)) and the much more common ((and way cheaper)) Verbalvention which only costs them a bit of Hot Air.

Last August 2010...
Quoting ak4x
Maybe we'll see if BOJ has been blowin hot air or not this week. SNB already appears to have blinked... maybe BOJ will too.

I'm thinkin the CB's ain't (quite) what they used to be...
I read somewhere the next World War will be fought in the markets and I mostly suspect that is correct... and happening as we speak.

But hey, I'm an Old Fart and tend to drool alot while I sip my Metamucil Margarita's..
FUBAR...
  • #373,514
  • Jan 27, 2011 12:43am Jan 27, 2011 12:43am
ak, can you explain why central banks have to lose money to move the markets? i thought they controlled the printing of money
  • #373,515
  • Jan 27, 2011 12:52am Jan 27, 2011 12:52am
Quoting hutrader
Like I mentioned 2 days ago, to me it looks like further sell orders being absorbed. If those are overcome we can see a huge rally to the upside. Rather stay flat now as well to see how they can take it all out or not.
As long we are above 3532 there is much chances that it go up towards 3951 and 4044.. that are the maximum target according to me.. But if i look at UDX then seems that this will be a support area.. and it wanna go up to touch 80 again.. below the main support is held on 77.44.. below that 77.14 and 76.37.. In euro as long as we are below 3753-58.. have much chances to go below 3649 and 3585.. above 3753-58 look for futher gain towards 3801 and 3844..
  • #373,516
  • Jan 27, 2011 12:53am Jan 27, 2011 12:53am
Good morning.
  • #373,517
  • Jan 27, 2011 12:57am Jan 27, 2011 12:57am
Quoting Purple
I am telling you this from what I read during my bachelor's degree back in 1999, if you are living outside India for more than 8 months and receving your income in the country where you are living (it has to be bank of that country, not Indian bank branch in that country) than you are obliged to pay your tax in the country where you are living and you wont be required to pay tax in India (only on the amount you 'receive' in that country).. provided both these countries have 'No double taxation' agreement.
yes, this is what i found from what i have read and found through my CAs, any resident indian has to pay taxes on any income from any where in the world, but NRIs get exempted if there is a double tax treaty...so for resident indians there is no legal way out...
it is not that i dont want to pay taxes, but would like to pay only half...
thanks for the help...
  • #373,518
  • Jan 27, 2011 1:00am Jan 27, 2011 1:00am
Quoting Mr Hatch
Good morning.
Good morning too.
  • #373,519
  • Jan 27, 2011 1:02am Jan 27, 2011 1:02am
  •  Vilgax
  • | Joined Aug 2010 | Status: Lack of money is root of most evil | 466 Posts
is still mucking about the 1.3705 level. I think it wants to take out yesterday's high and then down. Or it wants to go to 1.3800? oh well either way...for now I'm long for quick scalp from 1.3705 for 20 or so pips..waiting for yesterdays high to be taken out.... GL all
The forex market has its own life and takes its own time.
  • #373,520
  • Jan 27, 2011 1:04am Jan 27, 2011 1:04am
Price still there & just 1 short activated so far at 3717 , another waiting 3735 with frankie , bais will remain down for me . something at least doing than nothing.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
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