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  • #3,141
  • Aug 1, 2012 8:54pm Aug 1, 2012 8:54pm
Quoting ogee06
Not sure if it has anything to do with the ECB decision tomorrow but it seems like good news is sending the markets in opposite direction. I think that many people are relying on more stimulus from the ECB or US and good news will make the Kings (Draghi and Bernanke) not want to do anything. Poor news will force them to take action.
well.. the euro there is not enough good news to help the euro. but, I Bernanke.. his an economist, he knows the "tools" that everyone wants to be used are also very destructive. You don't want to destroy, in order to help satisfy everyone "short term"
There are those who know, and there are those who don't know.
  • #3,142
  • Aug 1, 2012 8:55pm Aug 1, 2012 8:55pm
alright here we go...approaching 1.0470 for the second time...lets try this again
Good luck and may the odds be ever in your favor!
  • #3,143
  • Aug 1, 2012 8:55pm Aug 1, 2012 8:55pm
Now is asia, i don't see much movements, unless breakout. My guess is that most long should already taken profit or some % of their earlier longs at ytd 1.0540 area, since we had a double top on 2 days, and triple top each day. close was bearish on eur and aud ytd. we have resistance at 1.0475 area at the moment before back to 1.05.

Day's movement will be more on eur's fundamental i guess, since fed finished with their sell off on aud and eur's ytd.
  • #3,144
  • Aug 1, 2012 8:55pm Aug 1, 2012 8:55pm
Quoting dbutton1990
alright here we go...approaching 1.0470 for the second time...lets try this again
once they liquidate it will fly.
There are those who know, and there are those who don't know.
  • #3,145
  • Aug 1, 2012 8:56pm Aug 1, 2012 8:56pm
Quoting ogee06
Not sure if it has anything to do with the ECB decision tomorrow but it seems like good news is sending the markets in opposite direction. I think that many people are relying on more stimulus from the ECB or US and good news will make the Kings (Draghi and Bernanke) not want to do anything. Poor news will force them to take action.
Another possible scenario is the ECB statement would tank the pairs down and bad NFP numbers would get the pairs back up, or the other way around
  • #3,146
  • Aug 1, 2012 8:56pm Aug 1, 2012 8:56pm
Quoting palabara
No not yet, I just found out.. My wifes brother in law just died in a car accident. man...
I am sorry for the loss of your brother-in-law. -DB-
daddybearforex. com
  • #3,147
  • Aug 1, 2012 8:56pm Aug 1, 2012 8:56pm
Quoting DaddyBear
I am sorry for the loss of your brother-in-law. -DB-
Thank you, DB - that's very sad news for us.
There are those who know, and there are those who don't know.
  • #3,148
  • Aug 1, 2012 8:57pm Aug 1, 2012 8:57pm
I completely agree Palabara. I personally hope they do nothing. In my opinion and school of economic thought (Austrian), the markets are due for a reset. These inflated levels of pricing in QE is making me nervous.
  • #3,149
  • Aug 1, 2012 8:58pm Aug 1, 2012 8:58pm
Quoting irfandbl
Another possible scenario is the ECB statement would tank the pairs down and bad NFP numbers would get the pairs back up, or the other way around

Exactly. I'm predicting more rhetoric from ECB, markets drop 2-3%. Crap NFP Friday and we see a small 1-1.5% recovery... Can't believe I'm hoping for a dumpy NFP.


Side note: Out AUD/JPY Long for 17 pips... 1min MACD reversal at resistance again. Sideways til Draghi, bring on the scalps!
  • #3,150
  • Aug 1, 2012 9:01pm Aug 1, 2012 9:01pm
Quoting ogee06
I completely agree Palabara. I personally hope they do nothing. In my opinion and school of economic thought (Austrian), the markets are due for a reset. These inflated levels of pricing in QE is making me nervous.
Problem with EQ.. every time is used the next injection is going to come sooner and sooner and sooner.. There is a book "History of money" talks about a roman emperor that during his reign the empire.. was falling under debt. So, his economic advisor, advised to re-mint the gold coins. but, use 95% gold and 5% another metal.

So it worked.. and caused them to keep the access gold.. not long after.. same problem arose.. so they like it worked before lets do it again.. this time 90% gold and 10% metal.

so the cycle became more frequent, because with every time they did that.. inflation has came back twice the fold, three times etc.. Until they we're minting 30% gold and 70% metal coins.

Introduce money into the market, and inflation speeds up.. then problems are solved for a little bit, and then comes back twice as much.
There are those who know, and there are those who don't know.
  • #3,151
  • Aug 1, 2012 9:01pm Aug 1, 2012 9:01pm
Quoting palabara
Man.. reports are not even out yet, and they already pushing it down.. Its a trap! either way its a trap.. they are loading on shorts.. reports hit they everyone sells, and boom they unload all thos shorts and the market flys up. Watch and see.


I was out, I just saw your quote, very nice call
  • #3,152
  • Aug 1, 2012 9:02pm Aug 1, 2012 9:02pm
Quoting 4xxxxaus
I was out, I just saw your quote, very nice call
it happened the opposite way.. the market went up and they got stuck with there shorts, and now we can't go up.. unless they take a loss and unload.
There are those who know, and there are those who don't know.
  • #3,153
  • Aug 1, 2012 9:02pm Aug 1, 2012 9:02pm
Quoting Rknigh2
Exactly. I'm predicting more rhetoric from ECB, markets drop 2-3%. Crap NFP Friday and we see a small 1-1.5% recovery... Can't believe I'm hoping for a dumpy NFP.


Side note: Out AUD/JPY Long for 17 pips... 1min MACD reversal at resistance again. Sideways til Draghi, bring on the scalps!

I like how you think! Too bad I'm long AUD and short NZD...so either way I am screwed haha.
  • #3,154
  • Aug 1, 2012 9:07pm Aug 1, 2012 9:07pm
My point of view is we're heading to 1.03xx, don't know which event would take us there..either Super Mario Draghi or NFP.

I really hate this week, too many news and events to anticipate
  • #3,155
  • Aug 1, 2012 9:09pm Aug 1, 2012 9:09pm
it's good to see new people posting...I'm looking forward to learning new knowledge..welcome aboard everyone....
  • #3,156
  • Aug 1, 2012 9:10pm Aug 1, 2012 9:10pm
Quoting palabara
No not yet, I just found out.. My wifes brother in law just died in a car accident. man...
So sorry man
  • #3,157
  • Aug 1, 2012 9:10pm Aug 1, 2012 9:10pm
Quoting palabara
Thank you, DB - that's very sad news for us.
Please accept my most heartfelt condolences to you and your family.
  • #3,158
  • Aug 1, 2012 9:11pm Aug 1, 2012 9:11pm
Quoting 4xxxxaus
So sorry man
thank you.
There are those who know, and there are those who don't know.
  • #3,159
  • Aug 1, 2012 9:11pm Aug 1, 2012 9:11pm
Bull Flag forming on 1min AUD/JPY. Bearish divergence also... good luck you short term longs!


Edit: There she goes... haha
  • #3,160
  • Aug 1, 2012 9:11pm Aug 1, 2012 9:11pm
Quoting doblece
Please accept my most heartfelt condolences to you and your family.
thank you, doblece.
There are those who know, and there are those who don't know.
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