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  • #8,841
  • Sep 6, 2011 10:51am Sep 6, 2011 10:51am
Quoting Monroe
3850/3800 then 3450, then.... 1.3000
Let's see how hard the SNB will stick to their statement.
  • #8,842
  • Sep 6, 2011 10:52am Sep 6, 2011 10:52am
Quoting gatorinla
4120 passed the test. if at 00est we close below 4093. and manage to get below 4154.. then 3574 is a target (min). with the usual past supports.

4068 will need a day closed below. below 4070 on the week close is what bears need.

we are the edge. and this thing is a "friday the 13th jason".. no signs of it atm.. im bearish.. cant over look 4160 or 4168.. 4120 will get stronger as the weeks go by.. 4150.5 on the week was still not closed below. atm oi is at...
?
those who can, do. those who cant, talk about those who can
  • #8,843
  • Sep 6, 2011 10:55am Sep 6, 2011 10:55am
Quoting Venice
Let's see how hard the SNB will stick to their statement.
I am concerned more about other things like the ECB and the periphery situation... how do you think the SNB will effect eur/usd?
  • #8,844
  • Sep 6, 2011 10:57am Sep 6, 2011 10:57am
Quoting sofia101
It's not a decision point for me )I am looking at weekly chart and that takes time )
daily chart tell me 3867 is bull zone.still bull bias.otherwise im wrong
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Gold Expedition Return This Year: -16.4%
  • #8,845
  • Sep 6, 2011 10:58am Sep 6, 2011 10:58am
Quoting Monroe
I am concerned more about other things like the ECB and the periphery situation... how do you think the SNB will effect eur/usd?
Well, they stated that they will not tolerate an exchange rate below 1.20 E/C. Question becomes though, are they now a buyer of euro along with china and the few others out their, or are they sticking strictly to selling the franc to devalue it?

Not sure, I don't know anything about Fundies. I just trade whats currently on my chart. All a big pile really when it comes down to it... hehe
  • #8,846
  • Sep 6, 2011 11:01am Sep 6, 2011 11:01am
on a higher TF, I have 3963 for 3830... further out of the range, the more spread out the numbers are. which is nice.

today has been rewarding, but the greed has to be on check..
  • #8,847
  • Sep 6, 2011 11:01am Sep 6, 2011 11:01am
Daily close under 3970? One would think we are due for a bounce here soon (actual locked in candle retrace, that is). If ever it is to do it, now would be wonderful. lol.

An extended run makes me just as nervous as a constant consolidation phase.
  • #8,848
  • Sep 6, 2011 11:02am Sep 6, 2011 11:02am
Quoting darimik
on a higher TF, I have 3963 for 3830... further out of the range, the more spread out the numbers are. which is nice.

today has been rewarding, but the greed has to be on check..
Struggling with the same... lol. Cable I was looking for 5908. That should be a big one.

0376 on the Aussie... blah blah blah.
  • #8,849
  • Sep 6, 2011 11:03am Sep 6, 2011 11:03am
Quoting budak baru
daily chart tell me 3867 is bull zone.still bull bias.otherwise im wrong
well thats what I am looking at
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  • #8,850
  • Sep 6, 2011 11:06am Sep 6, 2011 11:06am
Quoting Venice
Well, they stated that they will not tolerate an exchange rate below 1.20 E/C. Question becomes though, are they now a buyer of euro along with china and the few others out their, or are they sticking strictly to selling the franc to devalue it?

Not sure, I don't know anything about Fundies. I just trade whats currently on my chart. All a big pile really when it comes down to it... hehe
Yea I hear you... I do not trade by just what the chart tells me, they are just a tool for me.

I think you're right there are some questions... their reserves are more then 50% euro and to balance it out from keeping eur/chf above 1.2, they will eventually have to sell eur/usd depending on how they want to effect usd/chf and how they want to balance the reserves and all that.

I think China, asian CB's and Sovereigns might step aside and wait to get euro cheaper... I would think they would be heavier buyers of commodities and commodity currencies more so then euro now... them being the obvious big supporters of the eur/usd up in this range here for the past few months.
  • #8,851
  • Sep 6, 2011 11:10am Sep 6, 2011 11:10am
Quoting Monroe
today was great...

Look Sharp/Trade Tight
  • #8,852
  • Sep 6, 2011 11:12am Sep 6, 2011 11:12am
I need to get my shit in check.

Starting to get the feeling of flying free... ego growin a bit too... Market needs to humble me again.

I'm finding it hard to believe that I am successful here. Just amazing how much i've grown as a trader in the last year alone. Plenty to look forward too as well.
  • #8,853
  • Sep 6, 2011 11:14am Sep 6, 2011 11:14am
Quoting Venice
Struggling with the same... lol. Cable I was looking for 5908. That should be a big one.

0376 on the Aussie... blah blah blah.
greedy bastards.. I want to end this day, but damn itchy fingers..
  • #8,854
  • Sep 6, 2011 11:23am Sep 6, 2011 11:23am
Quoting Venice
I need to get my shit in check.

Starting to get the feeling of flying free... ego growin a bit too... Market needs to humble me again.

I'm finding it hard to believe that I am successful here. Just amazing how much i've grown as a trader in the last year alone. Plenty to look forward too as well.
the right attitude always good to prepare for changing times
Don't be a hero. Don't have an ego. Always question yourself
  • #8,855
  • Sep 6, 2011 11:24am Sep 6, 2011 11:24am
Quoting darimik
greedy bastards.. I want to end this day, but damn itchy fingers..
covered a bunch.. no additions until monday now..

good luck to everyone battling these bastards..
  • #8,856
  • Sep 6, 2011 11:26am Sep 6, 2011 11:26am
Quoting Venice
Well, they stated that they will not tolerate an exchange rate below 1.20 E/C. Question becomes though, are they now a buyer of euro along with china and the few others out their, or are they sticking strictly to selling the franc to devalue it?

Not sure, I don't know anything about Fundies. I just trade whats currently on my chart. All a big pile really when it comes down to it... hehe
don't underestimate buying. if all are buying in other countries. what does that do for liquidity when there is a set amount of euro's in the world. if china and the swiss are pulling more euro's out of ez. how will industry survive. with less liquidity.. already in a poor economy. then what will the swiss and china do? Europe has no commodities... their banks are broken. and now the plan is for china and the swiss to suck up euros? effectively pull them out the system. good luck

1 of 3 things are needed for a strong currency. the first 2 are commodities and or banking... the third is industry. so lets kill industry by making the euro more valuable. making swiss and china products artificially cost less then European ones. and at the same time dry up liquidity.. making it more costly for European business to buy inventory , expand, hire. housing cost more. governments pay schedules for c.o.l. raises increase.

it just takes time.. but this is what less euros will cost. this at a time when Europe's biggest consumer (the U.S.) is having employment problems
the swiss already lost their ass last time they bought.
those who can, do. those who cant, talk about those who can
  • #8,857
  • Sep 6, 2011 11:26am Sep 6, 2011 11:26am
Quoting darimik
covered a bunch.. no additions until monday now..

good luck to everyone battling these bastards..
Monthly target for September met?!? hehehe.... I'm about 70% of the way there once I cover the euro short.

I must need higher targets. lol
  • #8,858
  • Sep 6, 2011 11:28am Sep 6, 2011 11:28am
Quoting gatorinla
don't underestimate buying. if all are buying in other countries. what does that do for liquidity when there is a set amount of euro's in the world. if china and the swiss are pulling more euro's out of ez. how will industry survive. with less liquidity.. already in a poor economy. then what will the swiss and china do? Europe has no commodities... their banks are broken. and now the plan is for china and the swiss to suck up euros? effectively pull them out the system. good luck

1 of 3 things are needed for a strong currency. the first 2 are...
Thanks for the background gator. It is true that interventions have consistently failed to be successful. I try not to let to much of the fundies get in the way of my chart, just screws with it, but it's nice to have an overview of what all is going on.
  • #8,859
  • Sep 6, 2011 11:31am Sep 6, 2011 11:31am
Greek bond 1 year yielding 88.49% wow
  • #8,860
  • Sep 6, 2011 11:46am Sep 6, 2011 11:46am
I am out of here ,trade safe )see you later GL
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