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EURUSD

  • #735,881
  • Dec 19, 2012 9:44am Dec 19, 2012 9:44am
mooo
  • #735,882
  • Dec 19, 2012 9:44am Dec 19, 2012 9:44am
Quoting PipLand
All these big moves and the Dollar index has done Sweet FA, can anyone explain why? Have i missed something?
my guess is they push it down to take a call on fiscal cliff news ... 1,35 ?
  • #735,883
  • Dec 19, 2012 9:44am Dec 19, 2012 9:44am
possibly but its long long overdue a deeper correction so be careful

Quoting okosodo
A bear trap
  • #735,884
  • Dec 19, 2012 9:44am Dec 19, 2012 9:44am
It will bull again, i am long cos it will bull today
The fragrance remains in the hands of those that gves the rose
  • #735,885
  • Dec 19, 2012 9:45am Dec 19, 2012 9:45am
Quoting PipLand
Yeah but it has hardly moved much really

Also check out all these false breaks from EURO
I know. YEN is the main culprit. Heavy short on YEN.

Euro (EUR), 57.6%
Japanese Yen (JPY), 13.6%
Poundsterling (GBP), 11.9%
Canadian Dollar (CAD), 9.1%
Swedish Krona (SEK), 4.2%
Swiss Franc (CHF), 3.6%

For example:

People keep buying all the above currencies to short YEN will distort USDX.
  • #735,886
  • Dec 19, 2012 9:45am Dec 19, 2012 9:45am
Or they pushed it up to cut the interest rate?


Quoting Normkonform
my guess is they push it down to take a call on fiscal cliff news ... 1,35 ?
  • #735,887
  • Dec 19, 2012 9:46am Dec 19, 2012 9:46am
Quoting MaxDoom
a 2nd test would give more confidence
... what I'm looking for..
  • #735,888
  • Dec 19, 2012 9:46am Dec 19, 2012 9:46am
Yeah good point, also I was wondering how much buying the SNB was doing today?

Quoting Ken A
I know. YEN is the main culprit. Heavy short on YEN.

Euro (EUR), 57.6%
Japanese Yen (JPY), 13.6%
Poundsterling (GBP), 11.9%
Canadian Dollar (CAD), 9.1%
Swedish Krona (SEK), 4.2%
Swiss Franc (CHF), 3.6%

For example:

People keep buying all the above currencies to short YEN will distort USDX.
  • #735,889
  • Dec 19, 2012 9:47am Dec 19, 2012 9:47am
Quoting yelena
i am convinced you are a witch/warlock! (meant in a good way) and you only use your talent for scalping...
get him to switch sides!!!
  • #735,890
  • Dec 19, 2012 9:48am Dec 19, 2012 9:48am
Quoting yelena
sometimes my jaw just drops when you /gator /doom speaks. it's like witnessing "the word was made flesh."

unbelievable talents!

skillful - attila (syn.) since i cannot re-vouch

damn! what is in your head/eyes?????????????????
not much Yelena, just chart time.. I also don't look at any indis, and I take the PA with a grain of salt.. Always ask, how are the bastards planning to screw me? When I find the answer to that, my plan is in place for me to screw THEM over.
  • #735,891
  • Dec 19, 2012 9:49am Dec 19, 2012 9:49am
Quoting PipLand
possibly but its long long overdue a deeper correction so be careful
A retrace dosent fall from the sky
The fragrance remains in the hands of those that gves the rose
  • #735,892
  • Dec 19, 2012 9:49am Dec 19, 2012 9:49am
Quoting Fxnewdeal
It's not a reversal, looks more like deep profit taking.
contrary, when price dropped from 1.3125 to 1.2950 then to 1.2875, first 1.2953 stands in a way of not giving way for price to move up at first but the minute it break above there, it just keep going up., but sustaining above the drop is more than likely to cut more and more trailing positions, and sides will then begin to change sides.

So profit taking do influence retracement in a way before a reversal. However, i do not know how to see or interpret profit taking on candles.

Bear still need more pips, especially taking off asia's support.
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  • #735,893
  • Dec 19, 2012 9:51am Dec 19, 2012 9:51am
Quoting okosodo
It will bull again, i am long cos it will bull today
i bet against. and if it does it will not be in this pullback...
be ready with your shorts 3265-70 any minute
  • #735,894
  • Dec 19, 2012 9:51am Dec 19, 2012 9:51am
Will it bounce off the 5m 200EMA again? No, not to make new highs today, I'd say if it rallies, it'll stick between 278-294. though could fall further.
  • #735,895
  • Dec 19, 2012 9:51am Dec 19, 2012 9:51am
Quoting PipLand
Yeah good point, also I was wondering how much buying the SNB was doing today?
Could be SNB thru BIS, not sure. Will find out when it hits the wires.

If there's no big fundamental changes such as BOJ easing, USDX is a good indicator, otherwise very misleading to measure the strength or weakness of EURO.
  • #735,896
  • Dec 19, 2012 9:57am Dec 19, 2012 9:57am
Quoting yelena
doesn't matter so long as we are making money out of it!
It matters to those who want to understand what's going on and those on longer term traders.
  • #735,897
  • Dec 19, 2012 9:59am Dec 19, 2012 9:59am
Quoting okosodo
A retrace dosent fall from the sky
We will have the answer in a minute
  • #735,898
  • Dec 19, 2012 10:00am Dec 19, 2012 10:00am
Quoting yelena
i cannot do voodoo.. it is against my ... i dunno... i just dunno how to do it!
hey Yelena - thanks very much
  • #735,899
  • Dec 19, 2012 10:01am Dec 19, 2012 10:01am
The 1.3300 big figure hit, Euro against resistance on many other pairs, I would hardly call it from out of the sky

Quoting okosodo
A retrace dosent fall from the sky
  • #735,900
  • Dec 19, 2012 10:01am Dec 19, 2012 10:01am

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I'll shop after the drop
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