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EURUSD

  • #496,181
  • Jul 21, 2011 9:07am Jul 21, 2011 9:07am
Quoting mrmat
thats the weird thing, Good US data - risk on = Lower USD
Bad US data - risk off = Higher USD...

OF course, when risk is on, big funds take their cash reserves and buy equities/ETF's/indices so they dump dollars on the market, plain old supply and demand, we are in the NY session and the dollar is the dominant of the half.
  • #496,182
  • Jul 21, 2011 9:08am Jul 21, 2011 9:08am
Quoting mrmat
thats the weird thing, Good US data - risk on = Lower USD
Bad US data - risk off = Higher USD...
It isn't wierd.

Good data, investment flows to riskier assets {look at who composes of the top companies in the S&P}.

Bad data, money flow has to go somewhere so it goes AWAY from riskier assets to safer ones such as US treasuries.

Look at the charts I posted of the breakdown ...

http://www.forexfactory.com/showthre...08#post4792908
I gotta dollar .. I gotta dollar .. I gotta dollar .. HEY HEY HEY HEY
  • #496,183
  • Jul 21, 2011 9:08am Jul 21, 2011 9:08am
Quoting cloggie
OF course, when risk is on, big funds take their cash reserves and buy equities/ETF's/indices so they dump dollars on the market, plain old supply and demand, we are in the NY session and the dollar is the dominant of the half.
when you say "risk is on"... is that risk appetite, or risk aversion?
  • #496,184
  • Jul 21, 2011 9:09am Jul 21, 2011 9:09am
EUR/USD upwards movement might have caught few eyes in going bullish, but in my opinion the path of movement that its taking to go upwards is not a path that can give it enough room to go much further up beyond 4365.

It will rebound downwards in a manner that its worst than its 200 pip spike upwards:

http://www.forexfactory.com/showthre...96#post4799296
  • #496,185
  • Jul 21, 2011 9:10am Jul 21, 2011 9:10am
Quoting attila
when you say "risk is on"... is that risk appetite, or risk aversion?

I am a trader, so only talk about risk appetite, risk on- appetite on, I am not a pension fund who deal in aversion......
  • #496,186
  • Jul 21, 2011 9:10am Jul 21, 2011 9:10am
Quoting attila
when you say "risk is on"... is that risk appetite, or risk aversion?
risk appetite he is referring to.
  • #496,187
  • Jul 21, 2011 9:10am Jul 21, 2011 9:10am
Quoting grashid
chart never lie..patient is virtue
Hero calls followed by margin calls...
  • #496,188
  • Jul 21, 2011 9:11am Jul 21, 2011 9:11am
Quoting PhAnTi'
  • #496,189
  • Jul 21, 2011 9:14am Jul 21, 2011 9:14am
Took 50% of average position off. May go down from 1.4363 which daily 100SMA.
Do not follow my trades. Trade what you see on your own charts.
  • #496,190
  • Jul 21, 2011 9:14am Jul 21, 2011 9:14am
Quoting grashid
as simples
Hero calls followed by margin calls...
  • #496,191
  • Jul 21, 2011 9:14am Jul 21, 2011 9:14am
Trend line should match up to a daily resistance 2.

Will be taking a short with at 4360 and added first short at 4350.

These are Inter-day so very generous stoploss
Attached Image (click to enlarge)
Click to Enlarge Name: 7-21-2011 09-12-41.jpg Size: 78 KB
I gotta dollar .. I gotta dollar .. I gotta dollar .. HEY HEY HEY HEY
  • #496,192
  • Jul 21, 2011 9:15am Jul 21, 2011 9:15am
  •  mrmat
  • | Joined Sep 2010 | Status: One day I shall leave the temple | 131 Posts
Quoting pennies

Bad data, money flow has to go somewhere so it goes AWAY from riskier assets to safer ones such as US treasuries.
If thats not weird, then I guess I don't understand the words meaning


BTW CAD broke out of a huge level, pulled back and if it continues down, its breaking to new levels...
  • #496,193
  • Jul 21, 2011 9:15am Jul 21, 2011 9:15am
Quoting igmak
Took 50% of average position off. May go down from 1.4363 which daily 100SMA.
fuck of 100sma on daily
Hero calls followed by margin calls...
  • #496,194
  • Jul 21, 2011 9:17am Jul 21, 2011 9:17am
Kambooj - that looks like PACMAN!!! Nice job btw:
Attached Image
  • #496,195
  • Jul 21, 2011 9:17am Jul 21, 2011 9:17am
4402 in sight
  • #496,196
  • Jul 21, 2011 9:18am Jul 21, 2011 9:18am
Quoting cloggie
4402 in sight
i concur, a bump right around here though...
  • #496,197
  • Jul 21, 2011 9:19am Jul 21, 2011 9:19am
Quoting mrmat
If thats not weird, then I guess I don't understand the words meaning
..

No. it just means you are not a trader.
  • #496,198
  • Jul 21, 2011 9:20am Jul 21, 2011 9:20am
Quoting cloggie
4402 in sight
that was my target on 6/18
  • #496,199
  • Jul 21, 2011 9:20am Jul 21, 2011 9:20am
Quoting PhAnTi'
fuck of 100sma on daily
...

c u next week Tuesday mate...take care
  • #496,200
  • Jul 21, 2011 9:22am Jul 21, 2011 9:22am
Quoting PhAnTi'
no shorts for me before 4372

lets c
well 4372 hit....anyway dont gonna short here

flat
Hero calls followed by margin calls...
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