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  • #513,901
  • Aug 7, 2011 7:19pm Aug 7, 2011 7:19pm
Gold hit 1690 ..traders will see something today ...
  • #513,902
  • Aug 7, 2011 7:22pm Aug 7, 2011 7:22pm
Morning all... can anyone explain why we havent seen big moves against USD? Aside from that opening gap that came right back down? Im not a fundies trader but that would have been my expectation.... Anyone going long from here? 61.8 bounce from upmove including gap? Or are we still too uncertain and maybe bearish?
  • #513,903
  • Aug 7, 2011 7:24pm Aug 7, 2011 7:24pm
I personally expected a move down, not up, but I may be wrong, too early to say. The bad news for USA means deepening recession, which in turn means the dollar will appreciate, not depreciate. But it's all the book theories, let's see what practice shows us.
Trax Tibidax Tibidox...
  • #513,904
  • Aug 7, 2011 7:25pm Aug 7, 2011 7:25pm
Quoting Jazznos
Morning all... can anyone explain why we havent seen big moves against USD? Aside from that opening gap that came right back down? Im not a fundies trader but that would have been my expectation.... Anyone going long from here? 61.8 bounce from upmove including gap? Or are we still too uncertain and maybe bearish?
Something seems crazy here to me.

Some kind of manipulation...suppression...something.
  • #513,905
  • Aug 7, 2011 7:27pm Aug 7, 2011 7:27pm
Quoting Mr.MaginCole
If you trade the ichimoku u realize that the "kijunsen" is at 1.42448 on the H1. So yeah....a long there would be prudent. Wont happen in another 5 hours though
I'm not familiar with the ichimoku but I do like that area for a long and I agree it's going to take at least 3 to 5 hours to get there.
  • #513,906
  • Aug 7, 2011 7:27pm Aug 7, 2011 7:27pm
Market sell-off outlook for the week can keep $ outlook bullish I guess. The East prefer a Strong $ right?
To Infinity and Beyond!
  • #513,907
  • Aug 7, 2011 7:27pm Aug 7, 2011 7:27pm
Quoting kenfen69
Something seems crazy here to me.

Some kind of manipulation...suppression...something.
Mornin Ken... yeah ok... weirdness... probably good time to sit out... and then have a tantrum when it goes through roof while we were out taking a piss.. LOL
  • #513,908
  • Aug 7, 2011 7:27pm Aug 7, 2011 7:27pm
Quoting kenfen69
Something seems crazy here to me.

Some kind of manipulation...suppression...something.
Eh... just feels like a Sunday Asia session to me. lol. I think people hyped this downgrade up way to much... when it has been in the piplines for a while now...

Hell this weekend everyone was expecting doom and gloom... lol... But, i've been buying in this newly created demand zone... let's see what we can get (just a scalper), maybe back up too to highs.

Edit: Scratch that, missed a supply zone... closing there for a quick 20. Ridddde da slip... heh.
  • #513,909
  • Aug 7, 2011 7:28pm Aug 7, 2011 7:28pm
Quoting masterpiecefx
I personally expected a move down, not up, but I may be wrong, too early to say. The bad news for USA means deepening recession, which in turn means the dollar will appreciate, not depreciate. But it's all the book theories, let's see what practice shows us.

following technicial analysis on D1 Time frame . RSI is between 80 and 0 ..

possible ... choppy down.. slow down ...
  • #513,910
  • Aug 7, 2011 7:31pm Aug 7, 2011 7:31pm
Quoting Jazznos
Morning all... can anyone explain why we havent seen big moves against USD? Aside from that opening gap that came right back down? Im not a fundies trader but that would have been my expectation.... Anyone going long from here? 61.8 bounce from upmove including gap? Or are we still too uncertain and maybe bearish?
Since when did the forex market make any sense ..

Heaps of potential reasons for USD going up against the Euro, flight to quality (best of a bad lot really), potential bond buy back from ECB (like a US QE, print more money depreciate the currency), Funds having to offload their treasuries as they are no longer AAA, Europe on the brink of disaster, has anything really changed with the downgrade, possible intervention of BOJ and Swiss CB.
  • #513,911
  • Aug 7, 2011 7:31pm Aug 7, 2011 7:31pm
Quoting Jazznos
Morning all... can anyone explain why we havent seen big moves against USD? Aside from that opening gap that came right back down? Im not a fundies trader but that would have been my expectation.... Anyone going long from here? 61.8 bounce from upmove including gap? Or are we still too uncertain and maybe bearish?
The S&P downgrade was leaked/rumoured friday afternoon... and already priced in. The spike up this morning was made by the knee jerk, late to the party retail traders, so no problem for dealers to fade this rally and return it to fridays close. Waiting for fresh inspiration now.
  • #513,912
  • Aug 7, 2011 7:33pm Aug 7, 2011 7:33pm
Quoting Jazznos
Morning all... can anyone explain why we havent seen big moves against USD? Aside from that opening gap that came right back down? Im not a fundies trader but that would have been my expectation.... Anyone going long from here? 61.8 bounce from upmove including gap? Or are we still too uncertain and maybe bearish?
Not convinced by that spike - found evidence for one up coming in chart history that placed it right on time, though only about half the size.

Waiting for it to have a go at 4330 - if it get past there Im thinking its good for 4400 by 8am utc, and another 50 pips around 1pm utc. I dont expect to see much in the way of really useful signs till 3am or so.
  • #513,913
  • Aug 7, 2011 7:36pm Aug 7, 2011 7:36pm
How's everyone? Here is what I have as of now. A move down to 4250-60ish and then up to 4560. These are the high/low values showing on the charts. However this is one of those times when charts don't mean much with all the stuff going on. So I'll be watching only, for now. I've been flat since Friday, and that's not common for me. Anyway, GL and don't over leverage or you'll get to meet Mr. Margin.
  • #513,914
  • Aug 7, 2011 7:41pm Aug 7, 2011 7:41pm
Wow, havn't been on the Aussie for a few weeks now... what the hell happened there?

Maybe i'll just start buying it again and live off the interest... lol. Maybe at 1.032.
  • #513,915
  • Aug 7, 2011 7:41pm Aug 7, 2011 7:41pm
Quoting Venice
Eh... just feels like a Sunday Asia session to me. lol. I think people hyped this downgrade up way to much... when it has been in the piplines for a while now...
Yeah, I guess...but just seems odd to me. Downgrade wasn't until markets closed. Joint statement released by Merkel/Sarkozy. Statement from ECB. Statement from G7, which is kind of funny...

* G7 Says Will Take Every Action to Stabilize Financial Markets
* G7 says it will commit to secure liquidity in market
* G7 will cooperate closely on currency market actions
* G7 says it will be in close contact next few weeks
* G7 says disorderly moves in markets hurt economy
* G7 says currency rates should be decided by markets

Doesn't the last one seem to completely contradict some of the others?

Anyway...early days yet, I suppose.
  • #513,916
  • Aug 7, 2011 7:42pm Aug 7, 2011 7:42pm
Morning Attila - been good for me so far since open - allways great when your off on holiday and you manage to mostly pay for the flights on the day before you fly

Pop corn time for now though - looking for signs and omens
  • #513,917
  • Aug 7, 2011 7:42pm Aug 7, 2011 7:42pm
Quoting Venice
Wow, havn't been on the Aussie for a few weeks now... what the hell happened there?

Maybe i'll just start buying it again and live off the interest... lol
oh man, you've missed a lot
last week was a rodeo on aussie
big numbers are our friends...
  • #513,918
  • Aug 7, 2011 7:44pm Aug 7, 2011 7:44pm
Quoting Venice
Wow, havn't been on the Aussie for a few weeks now... what the hell happened there?

Maybe i'll just start buying it again and live off the interest... lol. Maybe at 1.032.
-6% last week.
  • #513,919
  • Aug 7, 2011 7:44pm Aug 7, 2011 7:44pm
btw, aussie looks better for now and offers some nice longs at the moment...
big numbers are our friends...
  • #513,920
  • Aug 7, 2011 7:45pm Aug 7, 2011 7:45pm
Quoting Khazul
allways great when your off on holiday and you manage to mostly pay for the flights on the day before you fly
Love that!
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