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  • #469,961
  • Jun 22, 2011 9:32pm Jun 22, 2011 9:32pm
Maybe this:
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  • #469,962
  • Jun 22, 2011 9:32pm Jun 22, 2011 9:32pm
This is USD/CHF. I use this as a secondary tool, especially when eur/usd is not clear. Non of them is clear at the moment, therefore following the trend for scalps.

Longer-term longs (TP near 1.5000 with sl at BE 1.4150) still in play.
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The Thief of Wall Street
  • #469,963
  • Jun 22, 2011 9:33pm Jun 22, 2011 9:33pm
Quoting OldQuant
But would not buying a hypothetical USD/EUR pairing still be shorting the EUR? If it goes to 0.0001 as now quoted, as you hope, in the opposite you buy here and sell at 10000. Same effect: bye-bye EUR.
Yes but would be contrarian on workspace, I enjoy when ladies dance in sync, is important to me,
6 charts on 55inch screen, having one going opposite not suit, I prefer simple all going down or go to bed, I would need learn all buy patterns blah blah, just for UE, I prefer simple as possible, find another pair is easier.

Hating a pair is easier to sell
If you are new to Forex? Say Goodbye to your account!!
  • #469,964
  • Jun 22, 2011 9:36pm Jun 22, 2011 9:36pm
We are entering a very interesting level. Check the yellow circle.
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The Thief of Wall Street
  • #469,965
  • Jun 22, 2011 9:37pm Jun 22, 2011 9:37pm
Quoting johnnyrei
Euro will collapse first - dollar will collapse right after. Question is - will euro collapse by going up or down? To collapse EU, you need to affect Germany - economic powerhouse of Europe. How do you affect 2nd biggest exporter in the world? Drive the price of currency up, so they can't export cheap products. In my opinion euro needs to be high against dollar for Europe to start collapsing.
I'm not considering purchasing power parity, trade flows, or anything macroeconomic.

Rather, the poster to whom I asked the question has stated that he only shorts (or perhaps has very strong inclination to do so). Fair enough; there are people who prosper in the stock markets by only shorting; there, it is sometimes easier to find stocks which are absurdly overpriced than it is to find stocks which are really undervalued.

But the point I was trying to make is that currency markets, by quoting ratios, require us to sometimes "buy" a certain pair in order to "sell" one of the currencies. Because of the algebra of it, not, as you imply, the economics of it.
  • #469,966
  • Jun 22, 2011 9:39pm Jun 22, 2011 9:39pm
Quoting KiwiTrada
which pair were you short
i am in long GBP/USD with 177.449 dolars....
  • #469,967
  • Jun 22, 2011 9:42pm Jun 22, 2011 9:42pm
Quoting OldQuant
I'm not considering purchasing power parity, trade flows, or anything macroeconomic.

Rather, the poster to whom I asked the question has stated that he only shorts (or perhaps has very strong inclination to do so). Fair enough; there are people who prosper in the stock markets by only shorting; there, it is sometimes easier to find stocks which are absurdly overpriced than it is to find stocks which are really undervalued.

But the point I was trying to make is that currency markets, by quoting ratios, require us to sometimes "buy" a certain...
Quoting KiwiTrada
I believe euro tool for raping common people, whole countries, countries should have kept own currency I want it 0000, destroyed, I feel good sell her, wether she up down dont care, will sell her when pa permit, bias yes

What I really find funny is if KiwiTrada's broker is a market maker, then he is actually strengthening the euro when he enters short trades.
  • #469,968
  • Jun 22, 2011 9:44pm Jun 22, 2011 9:44pm
:
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  • #469,969
  • Jun 22, 2011 9:52pm Jun 22, 2011 9:52pm
Quoting infinitus
Maybe this:
maybe this is better:
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  • #469,970
  • Jun 22, 2011 9:54pm Jun 22, 2011 9:54pm
Quoting KiwiTrada
Yes but would be contrarian on workspace, I enjoy when ladies dance in sync, is important to me,
6 charts on 55inch screen, having one going opposite not suit, I prefer simple all going down or go to bed, I would need learn all buy patterns blah blah, just for UE, I prefer simple as possible, find another pair is easier.

Hating a pair is easier to sell

Not to insult anyone's English, I believe Kiwitrada is from New Zealand, and I grew up in Australia which I spoke to a lot of them from NZ...but I found his English a little harder to digest... maybe you can show the charts instead..
trading is my zen
  • #469,971
  • Jun 22, 2011 9:57pm Jun 22, 2011 9:57pm
Who is long now?
  • #469,972
  • Jun 22, 2011 9:59pm Jun 22, 2011 9:59pm
Quoting KiwiTrada
Yes but would be contrarian on workspace, I enjoy when ladies dance in sync, is important to me,
Okay. I can accept that, and even relate. I hate the yen for that reason. And also because I have a hard time keeping the decimal point straight.
  • #469,973
  • Jun 22, 2011 9:59pm Jun 22, 2011 9:59pm
Me///Looking for 4343


Quoting infinitus
Who is long now?
  • #469,974
  • Jun 22, 2011 10:07pm Jun 22, 2011 10:07pm
Quoting infinitus
Who is long now?
Unless this turkey waddles down and tests Magix's 75 area, I will be forced long no later than London open.
  • #469,975
  • Jun 22, 2011 10:09pm Jun 22, 2011 10:09pm
Quoting Chicky
This is USD/CHF. I use this as a secondary tool, especially when eur/usd is not clear. Non of them is clear at the moment, therefore following the trend for scalps.

Longer-term longs (TP near 1.5000 with sl at BE 1.4150) still in play.

USD/CHF remains in a lt wedge. Looking for a possible breakout at the 8550 area, but who knows. Divs are showing up.

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  • #469,976
  • Jun 22, 2011 10:11pm Jun 22, 2011 10:11pm
Quoting Clairvoyant
Hi,

Sadly, I wasn't able to hedge my long position last night. The short signal came after I went to bed. Oh well, this always happens.

Seems like resistance around 1.4400 is limiting price from further advances. Possibility for EUR to dip down has increased, however I shall still hold my longs. Tentatively, I see support around 1.4300, so I shall try some small longs around here. Bull do take note, price is neutral now, ain't sure which direction it'll head to, but I'll wait and observe the retracement upwards before deciding to hold my longs...
Hi,

Just decided to add some more longs to my position. Latest EURUSD long entry on 1.4305. Seems like 1.4300 is holding. Let's see how it turns out.
Bulls do take note of resistance around 1.4340 and 1.4360 as previously mentioned this morning. It seems to me 1.4250-1.43000 might be the last defense line, if price really wants to advance southwards, then it has to take out this zone.

Cheers and trade well,
Clairvoyant
  • #469,977
  • Jun 22, 2011 10:19pm Jun 22, 2011 10:19pm
Getting off here at 1.4311. Could go either way, but I don't like the risk of continuing at this point.
  • #469,978
  • Jun 22, 2011 10:27pm Jun 22, 2011 10:27pm
Quoting OldQuant
Unless this turkey waddles down and tests Magix's 75 area, I will be forced long no later than London open.
A chart that might be worthy of a ponder...

I have always measured moves by means of a moving average cross, and typically watch for the 100 pip magic number. Given yesterdays weak movement, we have exceeded this by only a mere 20 pips and just happened to happen during the no session-Chino cross over...

Now, when we see one of these as well as a directional shift, long chart to short chart, which I measure by another EMA...we typically see a retest of the daily trend EMA to see if it was a bullshit shake on the weaks or gives the other sessions a chance to load.

Given where the Daily EMA is, and daily roll over are, I would say that the green bar in the chart should be about where we see a possible buy back range too...

Of course, I probably seem a little Suthmo here...

But....
<Puts on Tinfoil Hat>
Observations are observations...
And these be Mine...

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  • #469,979
  • Jun 22, 2011 10:31pm Jun 22, 2011 10:31pm
exciting ASIAN PA
  • #469,980
  • Jun 22, 2011 10:38pm Jun 22, 2011 10:38pm
morning...
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