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  • #411,841
  • Mar 23, 2011 5:07am Mar 23, 2011 5:07am
i am not sure ,is this a smart trade .
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A chart helps those who can read it.
  • #411,842
  • Mar 23, 2011 5:10am Mar 23, 2011 5:10am
Quoting paul1
Does anyone feel the big dogs may be cautious with longs for now .
1) portugese government may collapse.
2) eur didnt actually raise rates but are vigilantly monitoring inflation for possible rise next month.
3) uk has just voted to keep rates unchanged ,they too will monitor inflation,but no significant upside in inflation last month.
5) But with oil at $105/barrel the downside could be limited .

Am still in short from friday buiding above 1.4200 with the intention to get out on a convincing break of 4280.
Obviously at which point price will...
All is about interest rate hike. The less speculative money (cash and other more liquid positions) are jumping in the boat now. Portugal is just a small stumbling block until the actual hike. 1,428x now is too clear to be missed by any trader so in my experience I doubt it will hold as a wall intraday if reached in the next few weeks. In simple words, a noise big range +/-100 ticks (spikes including) before breaking up or down.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #411,843
  • Mar 23, 2011 5:18am Mar 23, 2011 5:18am
Quoting mofu.Dnewbie
Hey pretty!! Frm PA its rather apparent that this baby is going down first to at least 1.4050
please tell me how you get this conclusion. my pa tells me its gonig up...
  • #411,844
  • Mar 23, 2011 5:18am Mar 23, 2011 5:18am
Quoting paul1
3) uk has just voted to keep rates unchanged ,they too will monitor inflation,but no significant upside in inflation last month.

If you take a slightly longer term view, like past 1 year or 2 years, UK has high inflation. March 2010 inflation was at 3.36%, currently it is at 4.44%. That is a huge increase.
We're all stories in the end. Just try to make it a good one.
  • #411,845
  • Mar 23, 2011 5:19am Mar 23, 2011 5:19am
Quoting EuroTrader
All this are for nothing if ECB raise rate.
I expect a drop after reach 1.4280
Hmm ,as i have witnessed investors seem to trade in anticipation of next months decision,not the actual number,
Last month no rise but stay vigilant ,result we moved up .
How high can price go from 1.3000 area on a potential initial raise of say 0.2 or 0.5 raise.
If they look for future clues 2 weeks ago it wasnt raised ,now uk today didnt raise rates so say we only got 2 weeks to go,If i was in a position to move price i wouldnt be fueling my rocket for a trip to the moon just yet.
Until i got a whiff of proof.

Purely based on rates .
But maybe oil will be the driving force.
Just my background thoughts based on fundies until price shows us a continued retrace or shoot for the stars action.
making green pips large and red pips small this is my goal.
  • #411,846
  • Mar 23, 2011 5:22am Mar 23, 2011 5:22am
taken half my longs now and will leave the rest to get the 14220 ish hopefully
rat
  • #411,847
  • Mar 23, 2011 5:23am Mar 23, 2011 5:23am
Current Target = 4280/4300

Lets see

GL you all.
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The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #411,848
  • Mar 23, 2011 5:23am Mar 23, 2011 5:23am
Quoting paul1
Hmm ,as i have witnessed investors seem to trade in anticipation of next months decision,not the actual number,
Last month no rise but stay vigilant ,result we moved up .
How high can price go from 1.3000 area on a potential initial raise of say 0.2 or 0.5 raise.
If they look for future clues 2 weeks ago it wasnt raised ,now uk today didnt raise rates so say we only got 2 weeks to go,If i was in a position to move price i wouldnt be fueling my rocket for a trip to the moon just yet.
Until i got a whiff of proof.

Purely based on rates .
But maybe...
I think it has more to do with the world getting out of the dollar.IMO.
You can remain irrational longer than you can remain solvent.
  • #411,849
  • Mar 23, 2011 5:24am Mar 23, 2011 5:24am
Quoting samdani786
Current Target = 4280/4300

Lets see

GL you all.
Im from miami too buddy , gl to your trade
  • #411,850
  • Edited Apr 8, 2011 1:10am Mar 23, 2011 5:25am | Edited Apr 8, 2011 1:10am
Quoting mercy seat


European Forex Technicals: USD Recovery Gathering Pace
9 Mar 2011, 08:07
By Francis Bray (TRADING Central)
The Dow Jones Newswires Technical Analysis Partner



Intraday EUR/USD: The recovery off Tuesday's low at 1.3862 is struggling, and corrective gains are capped beneath...

European Forex Technicals: GBP To Extend Strength
23 Mar 2011, 08:08

By Francis Bray (TRADING Central)
The Dow Jones Newswires Technical Analysis Partner




Intraday EUR/USD: Corrects lower towards the 1.4105 area, after setting a fresh 20-week high at 1.4249. The bear wave needs to push below 1.4153 in order to expose the 1.618 Fibonacci extension target at 1.4105, but downside risk is limited at this stage. Bulls still remain in control of the short term while 1.4105 holds, and a push above 1.4218 would open the 1.4249 high again. The Nov. 4 reaction high at 1.4283 is the main upside target.

Weekly chart EUR/USD trend: Bullish.



Intraday USD/JPY: Volatility has reduced significantly, and the dominant downtrend will look to challenge support at 80.52. Downside projections from Monday's lower high at 81.32 suggest there is room for 80.00 and the significant 79.75 level in the coming sessions. Regaining ground above 81.07 would provide respite, but only above 81.32 would lift the tone.

Weekly chart USD/JPY trend: Range.



Intraday GBP/USD: Tuesday's strength leaves GBP in a good position to extend the recovery through resistance at 1.6401. Tuesday's highest close since December 2009 suggests there is scope for further gains to the January 2010 lower reaction high at 1.6458, and 1.6500. Corrective weakness has scope to the 1.6293 area, and only below there would defer the bullish outlook.

Weekly chart GBP/USD trend: Bullish.



Intraday USD/CHF: Another wave of bear pressure is due towards the March 17 higher low at 0.8958. A bull failure at 0.9090 will be confirmed on a break below 0.8958, bringing the March 16 all-time low at 0.8852 swiftly back into the picture. Keeping 0.8958 intact would prolong the narrow 0.8958/0.9090 trading range, and only a push above 0.9090 would turn the situation bullish.

Weekly chart USD/CHF trend: Bearish.














I do post this today again ... as I see that many of us are not able to see what the market wants to give us ...

Those who are looking for reliable information ... should have a chance to get some ... mehr kann ich nicht tun ... it's up to you ... I have not got soo much time for Plapperei ...

At least there are only very few here who are working with success and with a system that is based on real experience that could work for you as well ...

That's why ... nennt es wie ihr es wollt ... aber sitzt nicht lange in einer falschen Fankurve herum ... don't waste your time ... trade in stead of ... einen schönen Tag wünsche ich ...


palim palim



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #411,851
  • Mar 23, 2011 5:25am Mar 23, 2011 5:25am
still cant see profit takers or shorter s entering the arena...
free surfing now...
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  • #411,852
  • Mar 23, 2011 5:26am Mar 23, 2011 5:26am
Quoting samdani786
Current Target = 4280/4300

Lets see

GL you all.

thats a big old target!!! rather you than me.
rat
  • #411,853
  • Mar 23, 2011 5:26am Mar 23, 2011 5:26am
Quoting jezek5
I think it has more to do with the world getting out of the dollar.IMO.
I disagree for now, IMO dollar weakness is not the cause but the consequence of what is going on, Risk/CHF, Japan/YEN, interest rate hikes/Euro. Dollar will come back in the driving sit on the summer when externalities are clear and macro fundamentals (inflation and interest rates) in the pound and euro are settle.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #411,854
  • Mar 23, 2011 5:31am Mar 23, 2011 5:31am
Quoting sisse
I disagree for now, IMO dollar weakness is not the cause but the consequence of what is going on, Risk/CHF, Japan/YEN, interest rate hikes/Euro. Dollar will come back in the driving sit on the summer when externalities are clear and macro fundamentals (inflation and interest rates) in the pound and euro are settle.

sisse
Hi Sisse,you might be right but some of the
things i'm looking at suggest the $ is being devalued for the long term..
Time will tell i guess.
You can remain irrational longer than you can remain solvent.
  • #411,855
  • Mar 23, 2011 5:33am Mar 23, 2011 5:33am
Quoting sisse
I disagree for now, IMO dollar weakness is not the cause but the consequence of what is going on, Risk/CHF, Japan/YEN, interest rate hikes/Euro. Dollar will come back in the driving sit on the summer when externalities are clear and macro fundamentals (inflation and interest rates) in the pound and euro are settle.

sisse
Man, pay attention with short because 1.4280 is like 'The Heaven' in the last week and everybody want to go there
  • #411,856
  • Mar 23, 2011 5:36am Mar 23, 2011 5:36am
I think we will test 200 for support then head for 280.
Any takers?
  • #411,857
  • Mar 23, 2011 5:37am Mar 23, 2011 5:37am
I have a long trade from 1.4193, has a stop loss at 1.4150 not sure where to take profit.
  • #411,858
  • Mar 23, 2011 5:37am Mar 23, 2011 5:37am
?????
Did you actually understand what Sisse wrote?

Quoting EuroTrader
Man, pay attention with short because 1.4280 is like 'The Heaven' in the last week and everybody want to go there
  • #411,859
  • Mar 23, 2011 5:38am Mar 23, 2011 5:38am
Quoting rattyo
thats a big old target!!! rather you than me.
Its like a final target according to elliott waves principal but i also get in and out several times with several different positions.

Good Luck
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #411,860
  • Mar 23, 2011 5:40am Mar 23, 2011 5:40am
My plan for today:
If break above 1.422: Long - target 1.4245
If break below: 1.4174, short, target no.1 is 1.4160 (atm) and if this is broken 1.4137 and 1.4106 are my next targets
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