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  • #395,641
  • Feb 24, 2011 9:26am Feb 24, 2011 9:26am
Apparently more hawkish "rate" comments....

This is becoming a daily event. NY session = Sell the dollar (with leverage)
  • #395,642
  • Feb 24, 2011 9:26am Feb 24, 2011 9:26am
Quoting buonvangvn
long 1.3808
add long 1.38
  • #395,643
  • Feb 24, 2011 9:27am Feb 24, 2011 9:27am
So since housing was negative, we expect EURUSD to drop in strength of USD? well crap...I need to learn to read the news! I'm a technical trader......just trying to figure this news out...

Quoting bguguen
No no you got it wrong...
When housing market figures or stocks comes out bad news, it means more liquidity available for Forex hence it actually strengthens USD...

Stocks and Housing is Negatively correlated with most USD pairs most of the time...
In Charts We Trust!
  • #395,644
  • Feb 24, 2011 9:27am Feb 24, 2011 9:27am
Quoting buonvangvn
What does "0.31" mean?
  • #395,645
  • Feb 24, 2011 9:28am Feb 24, 2011 9:28am
Quoting X.Oden
So since housing was negative, we expect EURUSD to drop in strength of USD? well crap...I need to learn to read the news! I'm a technical trader......just trying to figure this news out...

More hawkish comments from an ECB member....
  • #395,646
  • Feb 24, 2011 9:28am Feb 24, 2011 9:28am
Quoting Good Fortune
Good call Sissie. Do you usually just see one test like this of a key level during this point in the session?
Well is daily R and the odds of breaking a new daily R in extreme overbought intraday conditions and with weekly move almost 100% completed are very slim so is not worth the risk.

I keep one last daily position open for 1.391x in happy mode now as I posted many times earlier this week. The odds of getting that target will depend on how deep is today retrace and/or if there is a washout move today above last daily R.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #395,647
  • Feb 24, 2011 9:28am Feb 24, 2011 9:28am
Quoting Forexgogo
What does "0.31" mean?
context?
Hero calls followed by margin calls...
  • #395,648
  • Feb 24, 2011 9:30am Feb 24, 2011 9:30am
Quoting Shah22
short at 3818 with sl 23 pips.. target 3770 and 3740..
very gd entry
  • #395,649
  • Feb 24, 2011 9:30am Feb 24, 2011 9:30am
FF explains however that if Actual > Forecast good for the economy....

Since the news was negative, wouldn't it be bad for the US?

Quoting bguguen
No no you got it wrong...
When housing market figures or stocks comes out bad news, it means more liquidity available for Forex hence it actually strengthens USD...

Stocks and Housing is Negatively correlated with most USD pairs most of the time...
In Charts We Trust!
  • #395,650
  • Feb 24, 2011 9:31am Feb 24, 2011 9:31am
Bull own & likely a reaction at 3820 old sr & may expect towards 3870 next halt.long there again to see next .
any important news may interacting , not aware or watching though , yes I see now , not contraindicating perhaps .
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: eu3.gif Size: 11 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #395,651
  • Feb 24, 2011 9:31am Feb 24, 2011 9:31am
Quoting sisse
Well is daily R and the odds of breaking a new daily R in extreme overbought intraday conditions and with weekly move almost 100% completed are very slim so is not worth the risk.

I keep one last daily position open for 1.391x in happy mode now as I posted many times earlier this week. The odds of getting that target will depend on how deep is today retrace and/or if there is a washout move today above last daily R.

sisse
Very nice
Do your time and enjoy the ride...
  • #395,652
  • Feb 24, 2011 9:33am Feb 24, 2011 9:33am
Quoting X.Oden
FF explains however that if Actual > Forecast good for the economy....

Since the news was negative, wouldn't it be bad for the US?
Again, in a perferct world you'd be correct ... however whenever an ECB member speaks (except Trichet - 50% of the time) the YURO is bound to spike higher.

Of course, all an excuse to rape the stops... Pump and dump.
  • #395,653
  • Feb 24, 2011 9:34am Feb 24, 2011 9:34am
Quoting PhAnTi'
might short at 3825 then, next R at my charts. likewise 3860 finally.


lets c

jonas.

I hope you shorted after the run of stops as it has a "healthy" range to pullback.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #395,654
  • Feb 24, 2011 9:35am Feb 24, 2011 9:35am
Quoting X.Oden
FF explains however that if Actual > Forecast good for the economy....

Since the news was negative, wouldn't it be bad for the US?
The news are past,so basically they are already counted into the price at some point during the week,and any data good or bad doesnt make impact on trends direction,unleass the numbers are way bigger and/or unexpected compared to forecast or recent events.
  • #395,655
  • Feb 24, 2011 9:35am Feb 24, 2011 9:35am
Quoting X.Oden
FF explains however that if Actual > Forecast good for the economy....

Since the news was negative, wouldn't it be bad for the US?
I think Forex factory is known to deceive alot of people... what basically means when thers bad news on anything stocks, housing etc etc... durable orders...
it means more money is put into USD forex simple as that...

however the market is confused at this moment... big giants attacking one another making the market confused as to which direction it should go since the fact is we simply dont know what sort of impact a hawkish comment from EURO would do to EURUSD
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #395,656
  • Feb 24, 2011 9:36am Feb 24, 2011 9:36am
Quoting sisse
I hope you shorted after the run of stops as it has a "healthy" range to pullback.

sisse
bought 3785 before, closed at 3815. hoped for 3825....pending short 3825... pending buy 3735.
Hero calls followed by margin calls...
  • #395,657
  • Feb 24, 2011 9:36am Feb 24, 2011 9:36am
Let's see how many traders want to hold their longs.
  • #395,658
  • Feb 24, 2011 9:37am Feb 24, 2011 9:37am
Now it is time to try a short, but put that SL in action around 1.3877, if we cross 1.3866, big change to stop only around 1.41.

The Timing for some action is near, but I do not know if it will be to drop or to go up, so be careful!

Good Luck and do not believe in everything you read!!

Distress some time reading all about my country in one of my blogs and leave the Bailout to the "Dreamers"

http://lusitanaehabilitas.blogspot.com

ENJOY!!
  • #395,659
  • Feb 24, 2011 9:39am Feb 24, 2011 9:39am
Quoting fxpreacher
Let's see how many traders want to hold their longs.
nah this baby will run out of steam when london closes..... dont guess we will see new highs today....anyway lets see
Hero calls followed by margin calls...
  • #395,660
  • Feb 24, 2011 9:39am Feb 24, 2011 9:39am
Quoting PhAnTi'
bought 3785 before, closed at 3815. hoped for 3825....pending short 3825... pending buy 3735.
So you changed sides at end to go with the trend...nice well done. I am done intraday with this pair. Good luck again.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
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