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  • #419,601
  • Apr 8, 2011 7:02pm Apr 8, 2011 7:02pm
Quoting Citiboy
still find it funny the whole world stumbling over themselves to buy this pair when the EZ growing at .3% and the USA at 3.1%

I see a big decline in german trade balance on the horizon...
this is exactly the reason why i don't base my trade on fundies....
you've been on the short side for over 2 months, as far as i can remember...
picking tops and bottoms with this pair can be very tricky... just my 2c.
  • #419,602
  • Apr 8, 2011 7:06pm Apr 8, 2011 7:06pm
Quoting pkimnyc
this is exactly the reason why i don't base my trade on fundies....
you've been on the short side for over 2 months, as far as i can remember...
picking tops and bottoms with this pair can be very tricky... just my 2c.
Yea I've gotten burned a bit, but money mgmt and tight stops kept losses down. But im shorting 1.45. The calendar has alot of inflation related data next week, and Bernanke's press conference the 27th should be huge.


The US Fed isnt stupid. They are watching these developments and I seriously doubt they would let this spiral out of control. One bit of tightening rhetoric will send this whole 2 year trade into reverse. The zomg buy buy buy commodities only lasts so long.
Twitter: @TrendersGame
  • #419,603
  • Apr 8, 2011 7:13pm Apr 8, 2011 7:13pm
Quoting Citiboy
Yea I've gotten burned a bit, but money mgmt and tight stops kept losses down. But im shorting 1.45. The calendar has alot of inflation related data next week, and Bernanke's press conference the 27th should be huge.


The US Fed isnt stupid. They are watching these developments and I seriously doubt they would let this spiral out of control. One bit of tightening rhetoric will send this whole 2 year trade into reverse. The zomg buy buy buy commodities only lasts so long.
you might be right on that, but you got 50/50 shot at this. as far as ta goes... there is no sign of topping as of yet. only thing i see on the favor of short side is the bearish divergence on weekly chart, but it might take some time to play out. it might play out next week or much longer.... i wouldn't bet my money on it yet, but that's just me...
  • #419,604
  • Apr 8, 2011 7:23pm Apr 8, 2011 7:23pm
Yea I completely understand your position, I wish I had been in this trend a long time ago but it seems long in the tooth now. There wont be a golden line that's an obvious short, so you just have to play a levels game. Start shorting 1.45....and one more at 1.50 it gets there... etc.

We all know the euro is overshot, its just about when the market will "decide" to care about the imminent restructurings and shitty euro banks.

As soon as the danger is back on there wont be enough room for everyone to exit their dollar shorts at once....short squeeze time later this month.

Funniest part of it all is that the last article i read said the market expects the euro zone rate to be 2.75 by end of next year....completely IDIOTIC. That wouyld no doubt push Spain over the edge...so I will bide my time until then. After Portugal, they've only got another 150bn euros to bailout people over the next 2 years. That will be a drop in Spains debt bucket.
Twitter: @TrendersGame
  • #419,605
  • Apr 8, 2011 7:23pm Apr 8, 2011 7:23pm
Quoting pkimnyc
you might be right on that, but you got 50/50 shot at this. as far as ta goes... there is no sign of topping as of yet. only thing i see on the favor of short side is the bearish divergence on weekly chart, but it might take some time to play out. it might play out next week or much longer.... i wouldn't bet my money on it yet, but that's just me...
another thing about tops and bottoms with this pair...

it takes a while to form major tops and bottoms. go back in history, take a look at weekly or monthly chart and see how long it takes to form tops and bottoms.
if 1.45 rejects...., i think there will be plenty of opportunities to jump in on the short side.
  • #419,606
  • Apr 8, 2011 7:29pm Apr 8, 2011 7:29pm
Quoting Citiboy
Yea I completely understand your position, I wish I had been in this trend a long time ago but it seems long in the tooth now. There wont be a golden line that's an obvious short, so you just have to play a levels game. Start shorting 1.45....and one more at 1.50 it gets there... etc.

We all know the euro is overshot, its just about when the market will "decide" to care about the imminent restructurings and shitty euro banks.

As soon as the danger is back on there wont be enough room for everyone to exit their dollar shorts at once....short...
one thing about currency.. especially when trending (in this case is to the upside) price in ob doesn't mean a thing. that's one of the reason why it's tricky to pick tops and bottoms.
  • #419,607
  • Apr 8, 2011 7:35pm Apr 8, 2011 7:35pm
Quoting pkimnyc
he still short? i thought we went way pass 1.4280.
He's still bearish & that's all we need to know. People here make hard work of everything, nobody believes me when I say all you need to do is trade the opposite of him. No charts needed .. nada

How's it going pk, have you cashed in on those longs yet?
Thank You
  • #419,608
  • Apr 8, 2011 7:38pm Apr 8, 2011 7:38pm
Anyone with an Android phone using MT4 Remote? Pretty cool, set it up today...
  • #419,609
  • Apr 8, 2011 7:39pm Apr 8, 2011 7:39pm
Quoting wormboy
He's still bearish & that's all we need to know. People here make hard work of everything, nobody believes me when I say all you need to do is trade the opposite of him. No charts needed .. nada

How's it going pk, have you cashed in on those longs yet?
that's my fundy right there.
fresh new longs today cashed out, still holding some longs. let me know when he buys then i will cash out all might open some shorts as well.
  • #419,610
  • Apr 8, 2011 7:42pm Apr 8, 2011 7:42pm
Quoting pkimnyc
another thing about tops and bottoms with this pair...

it takes a while to form major tops and bottoms. go back in history, take a look at weekly or monthly chart and see how long it takes to form tops and bottoms.
if 1.45 rejects...., i think there will be plenty of opportunities to jump in on the short side.
I agree, 1.4335 was a major resistance & was taken out with ease. We can forget about a top now that level's gone imo. Next big resistance I have is @1.4545, longs still the safer bet for now.
Thank You
  • #419,611
  • Apr 8, 2011 7:44pm Apr 8, 2011 7:44pm
Quoting wormboy
I agree, 1.4335 was a major resistance & was taken out with ease. We can forget about a top now that level's gone imo. Next big resistance I have is @1.4545, longs still the safer bet for now.
sounds good to me bro.
  • #419,612
  • Apr 8, 2011 7:48pm Apr 8, 2011 7:48pm
Quoting pkimnyc
that's my fundy right there.
fresh new longs today cashed out, still holding some longs. let me know when he buys then i will cash out all might open some shorts as well.
Nice work there pk

Okay I had to log on today to see if he made an appearance & announced that he's a bull yet. No sign of that yet, so screw shorts
Welp, time for breakfast, have a great weekend brother!
Thank You
  • #419,613
  • Apr 8, 2011 7:49pm Apr 8, 2011 7:49pm
I think USD in soon time starts fight with Euro
  • #419,614
  • Apr 8, 2011 7:51pm Apr 8, 2011 7:51pm
Quoting wormboy
Nice work there pk

Okay I had to log on today to see if he made an appearance & announced that he's a bull yet. No sign of that yet, so screw shorts
Welp, time for breakfast, have a great weekend brother!
bon appetite. have a good one bro.
  • #419,615
  • Apr 8, 2011 7:56pm Apr 8, 2011 7:56pm
Quoting Julexo
I think USD in soon time starts fight with Euro
Tell us something we've not heard for the past month my friend.
Pull up your usdx & mark 75.24. That was the monthly pivot support.

Follow price. Enjoy your weekend
Thank You
  • #419,616
  • Apr 8, 2011 8:07pm Apr 8, 2011 8:07pm
Quoting fldash
Anyone with an Android phone using MT4 Remote? Pretty cool, set it up today...

Hows does that work? I use blue mobile om blackbery
Twitter: @TrendersGame
  • #419,617
  • Apr 8, 2011 9:39pm Apr 8, 2011 9:39pm
Quoting mercy seat
http://www.forexfactory.com/images/attach/pdf.gif 2011-04-08_11h16_Forex Focus - Euro Will Be Even More Volatile Now.pdf (8.5 KB)




FOREX FOCUS: Euro Will Be Even More Volatile Now
8 Apr 2011, 11:16

By Nicholas Hastings
A DOW JONES NEWSWIRES COLUMN


-- Rate rise increased risk of contagion among peripherals

-- Removal of bank liquidity now looms into view

-- Confidence in Spain and Spanish banks remains...
http://www.forexfactory.com/images/attach/pdf.gif 2011-04-08_22h50_Interbank Foreign Exchange Rates (Clôture 14) FR.pdf (8.1 KB)


Here they are ... The Latest Interbank Foreign Exchange Rates ... fore more than 40 FX Pairs



;-|
Attached File(s)
File Type: pdf 2011-04-08_22h50_Interbank Foreign Exchange Rates (Clôture 14) FR.pdf   8 KB | 554 downloads
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #419,618
  • Apr 8, 2011 10:07pm Apr 8, 2011 10:07pm
Feds gone make intresting rates higher before end of this year...I want to see big jump down...Pigs not gone keep euro for long time just speculation going on now...and on this stage No Limits for price action...
  • #419,619
  • Apr 8, 2011 10:07pm Apr 8, 2011 10:07pm
Quoting Citiboy
Hows does that work? I use blue mobile om blackbery
http://www.mt4remote.com/index.php/en/screenshots.html

You install an app on your phone, leave MT4 running on your computer with an EA installed on the charts you want to view on your phone, and another external program running that does all the server work.
  • #419,620
  • Apr 8, 2011 10:13pm Apr 8, 2011 10:13pm
Looks cool mt4...Im using on iphone Interceptor app

http://www.flickr.com/photos/31176185@N04/5471909686/
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