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  • #377,341
  • Edited 12:04pm Feb 1, 2011 12:01pm | Edited 12:04pm
Quoting BurgerKing
EXTREMELY Ultra Massive USD Hatred in the market today...
I bet even McDonalds in New York are asking to be paid in EUR, or AUD, or CHF..
EUR/USD moves very simply because there is more purchases than sales. Why are there more purchases than sales well here are a few.

(1) Egypt has survived for today the Million Person march and thus Dow is now OVER 12,000 again.

(2) ISM was strong over 60 so funds are moving out of safety of US Dollars through treasuries and into Gold and Oil and as the Bonds are sold US Dollars are sold to buy other asset classes. Things look better in Europe and GBP/USD is over 1.6100 and USD/CAD is at 99.00.

(3) The second RISK is back like say Eygpt or Europe debt or profit taking in the Dow things reverse big time. It is all about the flow of funds in and out.

The market makes a lot of sense if you let it.

Of course INTERVENTION always moves things at any time. Do you see USD/JPY at 81.36 yet when it was downgraded it was over 82.00

Nothing is accidental in forex. You just need to understand it by more than the charts. On Friday if the NFP is 100,000 or less we may see Dow at 11,500 and EUR/USD at 1.3700 or lower. Be calm, relax and keep buying hamburger's at Wendy's.
  • #377,342
  • Feb 1, 2011 12:02pm Feb 1, 2011 12:02pm
Quoting Italianguy
Short from 1,3809 .... all looks so strage..why is so bullish???
sl?..this looks very strong imo.. that panic on friday...i think was a pullback for long
  • #377,343
  • Feb 1, 2011 12:03pm Feb 1, 2011 12:03pm
I MOVE THE SL TO 1.3872, IM STILL BEARISH, GETTING NEW HIGHS ON LOW VOLUME. BUT I FEEL MORE CONFORTABLE WITH GBP USD , IT DIDNT PASS 1.6150-16155 AREA, that trendline is giving some resistance.

i BELIEVE WE ARE GETTING THERE AGAIN TOMORROW IN LONDON, IS SHORT -SHORT TERM
  • #377,344
  • Feb 1, 2011 12:07pm Feb 1, 2011 12:07pm
Quoting EuroTrader
It is like this peoples from Egypt want Obama to go and not Mubarak ....this is way USD becomes so weak
the plan was to phuck china. to force them to raise. its working.. . if food is up in egypt ect. .. what do you thin is happening in china?

what about iran? i said this years ago.. let them eat sand and drink oil. when food gets too high they will boot out the leaders.
2 birds with one stone... add in debt is cheaper and exports rise.
those who can, do. those who cant, talk about those who can
  • #377,345
  • Feb 1, 2011 12:09pm Feb 1, 2011 12:09pm
I still don't get it why to try and predict a top while we're still in a clear uptrend.
for what? risking -100 for +20 pips on a pullback?
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  • #377,346
  • Feb 1, 2011 12:09pm Feb 1, 2011 12:09pm
Yesterday I was all for shorts, but my system said long, long it was = profit. Today I was all for longs, but system said short so I shorted = loss.

Btw, system gave 1.3841 as bullish target today. Targets are usually good. Getting the direction right is the problematic part.
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #377,347
  • Feb 1, 2011 12:10pm Feb 1, 2011 12:10pm
strange thing...so you guys are you thinking that won't go below 1,3700 tonite?
  • #377,348
  • Feb 1, 2011 12:12pm Feb 1, 2011 12:12pm
Quoting hutrader
I still don't get it why to try and predict a top while we're still in a clear uptrend.
for what? risking -100 for +20 pips on a pullback?
not really most of the time its a 4 pip risk for me.. had i waited for a proper set up i would have got in at 3730/32 sl would be at 36
those who can, do. those who cant, talk about those who can
  • #377,349
  • Feb 1, 2011 12:14pm Feb 1, 2011 12:14pm
Quoting Italianguy
strange thing...so you guys are you thinking that won't go below 1,3700 tonite?
I see still 1.3900+ for tomorrow when NY opens. If I see a pullback and a hamer or anything that indicates that buyers getting in again I add to my remainder longs again since I already close a good chunk today.
  • #377,350
  • Feb 1, 2011 12:14pm Feb 1, 2011 12:14pm
Quoting gatorinla
the plan was to phuck china. to force them to raise. its working.. . if food is up in egypt ect. .. what do you thin is happening in china?

what about iran? i said this years ago.. let them eat sand and drink oil. when food gets too high they will boot out the leaders.
2 birds with one stone... add in debt is cheaper and exports rise.
Great plan...but we can always find ourselves with a myriad of musulman regimes in all this countries
  • #377,351
  • Feb 1, 2011 12:15pm Feb 1, 2011 12:15pm
a fall back below 3793 will open 3470, but this will have to happen tomorrow the latest.

edit: and if that happens, weekly says 2933. (of course it will take weeks).
  • #377,352
  • Feb 1, 2011 12:17pm Feb 1, 2011 12:17pm
m15
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  • #377,353
  • Feb 1, 2011 12:18pm Feb 1, 2011 12:18pm
Quoting EuroTrader
Great plan...but we can always find ourselves with a myriad of musulman regimes in all this countries
sugar in the tank takes away their power.
Inserted Video
those who can, do. those who cant, talk about those who can
  • #377,354
  • Feb 1, 2011 12:19pm Feb 1, 2011 12:19pm
can we please forget the fundamentals please? That is sooooo back to the 1980's way of trading. Today we trade technicals. Wanna see prove why Fundamentals don't mean anything?
Check GU. Bad news, get's knocked down, the other day it's back up again.
Forget news, turn off your useless CNBC or CNN or what ever is related to the markets and focus on your charts and check here in FF. If there is really a bad news you'll find out soon enough.
  • #377,355
  • Feb 1, 2011 12:22pm Feb 1, 2011 12:22pm
Quoting attila
a fall back below 3793 will open 3470, but this will have to happen tomorrow the latest.

edit: and if that happens, weekly says 2933. (of course it will take weeks).
IF....
But don't forget 1.3740~60 area is strong support
  • #377,356
  • Feb 1, 2011 12:22pm Feb 1, 2011 12:22pm
i tried to tell them that, and then i gave up. i would advise you to do the same.

Quoting hutrader
can we please forget the fundamentals please? That is sooooo back to the 1980's way of trading. Today we trade technicals. Wanna see prove why Fundamentals don't mean anything?
Check GU. Bad news, get's knocked down, the other day it's back up again.
Forget news, turn off your useless CNBC or CNN or what ever is related to the markets and focus on your charts and check here in FF. If there is really a bad news you'll find out soon enough.
  • #377,357
  • Feb 1, 2011 12:23pm Feb 1, 2011 12:23pm
Quoting hutrader
can we please forget the fundamentals please? That is sooooo back to the 1980's way of trading. Today we trade technicals. Wanna see prove why Fundamentals don't mean anything?
Check GU. Bad news, get's knocked down, the other day it's back up again.
Forget news, turn off your useless CNBC or CNN or what ever is related to the markets and focus on your charts and check here in FF. If there is really a bad news you'll find out soon enough.
Fundamentals is 80's way of trading? I totally agre with Rober99 with his point of view. Pity he doesn't want to share his source.
  • #377,358
  • Feb 1, 2011 12:24pm Feb 1, 2011 12:24pm
Quoting gatorinla
the plan was to phuck china. to force them to raise. its working.. . if food is up in egypt ect. .. what do you thin is happening in china?

what about iran? i said this years ago.. let them eat sand and drink oil. when food gets too high they will boot out the leaders.
2 birds with one stone... add in debt is cheaper and exports rise.
I agree on a vague level, but as a 'plan' I have to disagree. I don't think it's about nationalism anymore when compared to benefit of certain groups ...

One of the few ways to raise prices in China & Russia since we export so much food is to practice protectionism or put tariffs on imports ... but that isn't happening ...

& Obama is a hypocrite if he doesn't follow through with his "Cairo" speech he had earlier last year ... Unfortunately, good or bad, the U.S. diplomats don't like to change policies once they are set in place ...

As far as Iran, their Missiles for the most part can't reach u.s. soil & I don't think they care as much about the U.S. as the U.S. would like to make it seem ... the U.S. seems to 'nudge' its way into conflicts.
  • #377,359
  • Feb 1, 2011 12:24pm Feb 1, 2011 12:24pm
short 1.3835
  • #377,360
  • Feb 1, 2011 12:24pm Feb 1, 2011 12:24pm
Quoting attila
i tried to tell them that, and then i gave up. i would advise you to do the same.
Ok, koszonom szepen :-)

( Ok thanks )
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