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EURUSD

  • #659,841
  • Jun 20, 2012 7:34am Jun 20, 2012 7:34am
Quoting sukkim
Can you see attached file ? I dunno why but I cannot !
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 380 KB
  • #659,842
  • Jun 20, 2012 7:36am Jun 20, 2012 7:36am
I am following 1.2715 as R, If I can't see breakup then waiting to watch below 1.2650 zone. BRB
Attached Image (click to enlarge)
Click to Enlarge Name: 10 20-Jun 12.35 PM.jpg Size: 54 KB
TRADE WHAT U SEE NOT WHAT U WANT TO SEE.
  • #659,843
  • Jun 20, 2012 7:37am Jun 20, 2012 7:37am
Quoting sukkim
I am following 1.2715 as R, If I can't see breakup then waiting to watch below 1.2650 zone. BRB
So are you saying if it does not breakout of 1.2715 you expect downside to .2650? Just trying to follow on my charts. Thanks
  • #659,844
  • Jun 20, 2012 7:39am Jun 20, 2012 7:39am
Quoting sukkim
I did scalp short at 1.2708 based on RSI turning down, will set SL at BE.
me either man, I hope few pips are lying there..
  • #659,845
  • Jun 20, 2012 7:40am Jun 20, 2012 7:40am
Quoting pip_trader
So are you saying if it does not breakout of 1.2715 you expect downside to .2650? Just trying to follow on my charts. Thanks
Yes, that's my opinion. So have half lot short with the SL at 1.2720
TRADE WHAT U SEE NOT WHAT U WANT TO SEE.
  • #659,846
  • Jun 20, 2012 7:41am Jun 20, 2012 7:41am
Quoting mohan76
just notice , Gold Loosing ground here ($15+ lost ) could be dump before pump but it's going to test 1600
Supposing there is QE3 or N0 QE3....what do you suggest will happen??
  • #659,847
  • Jun 20, 2012 7:46am Jun 20, 2012 7:46am
Quoting Mr.MaginCole
Supposing there is QE3 or N0 QE3....what do you suggest will happen??
Gold shows there is NO QE Bens says to NO QE, SELL the facts
  • #659,848
  • Jun 20, 2012 7:47am Jun 20, 2012 7:47am
what are the odds of QE3... Imo less than 30%
  • #659,849
  • Jun 20, 2012 7:48am Jun 20, 2012 7:48am
Quoting Mr.MaginCole
Supposing there is QE3 or N0 QE3....what do you suggest will happen??
sorry my crystal ball broken
looking at ground situation Greek have pro bailout party won election . hope fully they will have Govt before FOMC, s&p above 1350 i don't think they need qe at this stage , may be little later unless they worried about strong $. qe 2 month later it might help election too
Mohan
  • #659,850
  • Jun 20, 2012 7:51am Jun 20, 2012 7:51am
Quoting Mr.MaginCole
Supposing there is QE3 or N0 QE3....what do you suggest will happen??
Market is also ignoring Greek event (new government formation) at this point and all eyes are on U.S. Fed. Looks poised for LONG towards or past 1.2800 (I am waiting to go long to about 1.2814), but unless there is QE and not a diluted version, the market could tank.
"The market can remain irrational longer than you can remain solvent"
  • #659,851
  • Jun 20, 2012 7:51am Jun 20, 2012 7:51am
Quoting mohan76
sorry my crystal ball broken
looking at ground situation Greek have pro bailout party won election . hope fully they will have Govt before FOMC, s&p above 1350 i don't think they need qe at this stage , may be little later unless they worried about strong $. qe 2 month later it might help election too
I just don't see the Greek government meaning much, pro-bailout or not. Granted I'm sure the EUR would be bid up regardless of whether Greece falls into the Mediterranean or not.
  • #659,852
  • Jun 20, 2012 7:51am Jun 20, 2012 7:51am
Quoting sukkim
Yes, that's my opinion. So have half lot short with the SL at 1.2720
if upside fails also possible that it bounces for a short term downside at 2693
  • #659,853
  • Jun 20, 2012 7:53am Jun 20, 2012 7:53am
Yen also moving , could be BOJ or PRE FOMC profit taking
Mohan
  • #659,854
  • Jun 20, 2012 7:53am Jun 20, 2012 7:53am
Quoting mohan76
sorry my crystal ball broken
looking at ground situation Greek have pro bailout party won election . hope fully they will have Govt before FOMC, s&p above 1350 i don't think they need qe at this stage , may be little later unless they worried about strong $. if they 2 month later it might help election too
With all the bad news that came out the last few days/weeks, S&P is holding pretty well.
I'm sure the Fed is already behind that move up.

So QE = buy, no QE = sell ? If only it was that easy we'd all be millionnaire by now
Let's just wait until Bernanke speaks.

And i can't see a market crash a few months before US election.
COT: The precious data ignored
  • #659,855
  • Jun 20, 2012 7:57am Jun 20, 2012 7:57am
Quoting kuroro001
With all the bad news that came out the last few days/weeks, S&P is holding pretty well.
I'm sure the Fed is already behind that move up.

So QE = buy, no QE = sell ? If only it was that easy we'd all be millionnaire by now
Let's just wait until Bernanke speaks.

And i can't see a market crash a few months before US election.
he might give qe hope and announce at next meeting , i guess Ben gave 1 month notice (i am not sure) for QE2
Mohan
  • #659,856
  • Jun 20, 2012 8:00am Jun 20, 2012 8:00am
any idea about eur/usd???

stuck at 1.2704
  • #659,857
  • Edited 8:27am Jun 20, 2012 8:12am | Edited 8:27am
Quoting gatorinla
just looking at eu 2767.5 (i may not short it).. i cant duplicate it now.. i saw something at 2751 and some nice r at 2832. 2832 could work nice as a r for 2816.5 target
found it.. depending on broker 2466 or 67... this could be a big one.. the amount of + or - could be ? 10-20???? i don't know.. i have smaller charts for 28016.5 28xx and 2962.. i have a good r at 2832//
but i also have this. i couldn't duplicate it yesterday and figured it was the cheap crack (broker didn't have 1876 on the chart i was duplicating with, it screwed me.). we have gone as close as 20 pips below. with the smaller charts well above.. (very good indicators).. we should touch 2766/67 at least.. how well will it stand up on the first touch.. i don't know. we could camp out below it for days/weeks/ months. i don't know.. by then i would think we would have bounced many times. since i found it.. i will be looking to short it.. and will not hold longs near it. i have no doubt that this thing can make a top. if this be the case.. those twin peaks are the top to the right of 6038.. i said plus +- to cover my ass. these things are usually pretty precise. so it don't take much pips to know if its wrong at least for a little while. it will be there regardless, gaining power. since we are below and this is the third attempt it may already be super strong.

on the bull side.. its a possible ihs trying to form (far from it)... atm
Attached Image (click to enlarge)
Click to Enlarge Name: yen.PNG Size: 44 KB
those who can, do. those who cant, talk about those who can
  • #659,858
  • Jun 20, 2012 8:17am Jun 20, 2012 8:17am
Short ... Tp 1.2450 sl 1.2750 ...
  • #659,859
  • Jun 20, 2012 8:24am Jun 20, 2012 8:24am
Quoting gatorinla
found it.. depending on broker 2466 or 67... this could be a big one.. the amount of + or - could be ? 10-20???? i don't know.. i have smaller charts for 28016.5 28xx and 2962.. i have a good r at 2832//
but i also have this. i couldn't duplicate it yesterday and figured it was the cheap crack (broker didn't have 1876 on the chart i was duplicating with, it screwed me.). we have gone as close as 20 pips below. with the smaller charts well above.. (very good indicators).. we should touch 2766/67 at least.. how well will it stand up on the first...
thanks for the chart gator...I've got a long from 1.2670 going and I was thinking of taking my profit at about the 2735-40 range ...might just let it ride to the 2750-60 now...I'm feeling a run up before benny speaks...
  • #659,860
  • Jun 20, 2012 8:25am Jun 20, 2012 8:25am
Forgive me if I've got this wrong, but wasn't QE2 announced on November 3 2010?

http://www.federalreserve.gov/newsev.../20101103a.htm

As far as market reaction was concerned, EURUSD rose a couple of hundred pips on the Wednesday of the announcement, but by Friday had given pretty much all of it back. And in the following week there were further falls. These are the closing figures:

2/11: 1.4018
3/11: 1.4135
4/11: 1.4195
5/11: 1.4037
7/11: 1.3952
8/11: 1.3868
9/11: 1.3760
10/11: 1.3787
11/11: 1.3615

So assuming there is some form of QE3 announced or hinted at today, which in itself is quite an assumption, any effect could well be short-lived, and might not be too much of a problem if you're short, provided you're not over-leveraged.
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