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  • #737,001
  • Dec 20, 2012 10:59am Dec 20, 2012 10:59am
Quoting egkid
What is lapse To give V for someone i think he is good trader!!
Jay Come on it's not funny
I'm not making fun. KW claims that you gave a vouch to someone the very week that person said he/she lost half their capital.

Do you remember?

Is it true?

If it is true, why do you believe that someone losing half their capital in a week is a good trader?
Not all sins are created equal
  • #737,002
  • Dec 20, 2012 10:59am Dec 20, 2012 10:59am
Quoting Ken A

If what happens today with good US data as a new pattern, I expect next good data on NFP and Unemployment Rate will be USD Bullish.

You still don't get it.

the dollar, at least for now is the reserve currency, traders flock to it when the news is bad, so the dollar goes up on BAD news as the supply in the markets goes down.

So if there is good news cash will be put to use, there is no flight to safety when the news is good.

Good US news means a rise in equities, so an oversupply of dollars so the value goes down. Good news is dollar bearish, that has always been so ever since the reserve currency moved from the pound to the dollar.


Go back over your charts, good US news, equities go up, dollar goes down.


Look at each and every NFP, good number, dollar down. That has always been so and will not change. You still don't understand risk on- risk of and correlation of the markets.
The great majority are rarely capable of thinking independently.
  • #737,003
  • Dec 20, 2012 10:59am Dec 20, 2012 10:59am
ahh k, if you were thinking about targeting 3305 from here (im not im bearish) then you might as well target 3375 as it should go through if it got there a 3rd time

Quoting godrich
true, very true.

i had called for a retouch of 3305 a few posts back so i wanted to stay consistent. consistently wrong that is
  • #737,004
  • Dec 20, 2012 11:02am Dec 20, 2012 11:02am
Quoting KillerWhale
I really got the opportunity to sell more and the current update is

+80, +68, +51, +34
top work
  • #737,005
  • Dec 20, 2012 11:02am Dec 20, 2012 11:02am
Quoting Pipsforall
. But, I'm going with risk on/risk off for the time being which leads me to believe the EURO will continue to move higher after profit taking corrections.

That is correct, Ken has it backwards.
The great majority are rarely capable of thinking independently.
  • #737,006
  • Edited 11:19am Dec 20, 2012 11:04am | Edited 11:19am
Quoting PipLand
I agree with the fact that good US news might start to be USD bullish, esp since the focus is now on the end game of higher rates/better economies rather than just risk on/risk off.

We had a good run on equities last few days and the USDX hardly moved so that supports this view as well.
That was mostly affected by JPY and could be Dollar is making its way home with some good news re FC + Good US Data.

Before those politicians got their act together and come out with a solution, we might not see an established pattern and the correlation. Need to watch at least 2-3 months.
  • #737,007
  • Dec 20, 2012 11:06am Dec 20, 2012 11:06am
Hello!

What happened to silver?

Thank god, i was shorting EUR/USD.
Bear the bull's consequence...
  • #737,008
  • Dec 20, 2012 11:07am Dec 20, 2012 11:07am
Quoting Pipsforall
You really think the market is willing to give up on risk on/risk off with the FED continuing to print $85 billion a month. If it wasn't for the FED the USD would be at parity or worth more than the EURO given the divergent economies. US strength and European weakness. I don't know. But, I'm going with risk on/risk off for the time being which leads me to believe the EURO will continue to move higher after profit taking corrections.
I honestly don't know. But if you look at the target/objective of QE4 might give good idea what is going to happen.
  • #737,009
  • Dec 20, 2012 11:08am Dec 20, 2012 11:08am
Quoting Ken A
could be Dollar is making its way home with some good news re FC.

No, you have it backwards again. Good news on the FC will be dollar bearish.
The great majority are rarely capable of thinking independently.
  • #737,010
  • Dec 20, 2012 11:08am Dec 20, 2012 11:08am
Quoting fxnav
You still don't get it.

the dollar, at least for now is the reserve currency, traders flock to it when the news is bad, so the dollar goes up on BAD news as the supply in the markets goes down.

So if there is good news cash will be put to use, there is no flight to safety when the news is good.

Good US news means a rise in equities, so an oversupply of dollars so the value goes down. Good news is dollar bearish, that has always been so ever since the reserve currency moved from the pound to the dollar.


Go back over your...
Very well put. It shouldn't be a surprise to anyone that euro is as high as it is considering the levels US equities are at. Also keep in mind that even though US data is good the fact is we're still printing at a scary rate which is keeping the USD from getting stronger. Many analysts are projecting a 10-15% increase in the USD 2013. I don't see it unless Ben shuts off the printing presses.
It works till it doesn't
  • #737,011
  • Dec 20, 2012 11:09am Dec 20, 2012 11:09am
1634 stood for gold looking to open a long with tight stop . anyone with ma ?
MMMYYYKKK
  • #737,012
  • Dec 20, 2012 11:09am Dec 20, 2012 11:09am
this hourly close is important, below 13207 and well see 13150 today.
  • #737,013
  • Dec 20, 2012 11:10am Dec 20, 2012 11:10am
Quoting DaEdge
Very well put. .

Thanks. There is a distinct lack of basic knowledge in this thread.
The great majority are rarely capable of thinking independently.
  • #737,014
  • Dec 20, 2012 11:11am Dec 20, 2012 11:11am
hi guy
is it ready for rebound?
  • #737,015
  • Dec 20, 2012 11:11am Dec 20, 2012 11:11am
Quoting fxnav
Thanks. There is a distinct lack of basic knowledge in this thread.
If it only were lack of knowledge..
  • #737,016
  • Dec 20, 2012 11:11am Dec 20, 2012 11:11am
Quoting fxnav
No, you have it backwards again. Good news on the FC will be dollar bearish.
Have you still not run out of your batteries mate...?
  • #737,017
  • Dec 20, 2012 11:13am Dec 20, 2012 11:13am
Quoting opale
hi guy
is it ready for rebound?
Yes, it will hit 1.3300s any second now... Seriously, maybe there is no more fiscal cliff...
  • #737,018
  • Dec 20, 2012 11:14am Dec 20, 2012 11:14am
Quoting math_GB
Have you still not run out of your batteries mate...?

Kenny seems to have quite a following on here and as he is so wrong I just want to make sure that his followers understand how risk and dollar flow works correctly.

Understanding risk is the basis of trading, without it, it is just gambling. You need to thoroughly understand risk and basic money flows to even contemplate putting a real dollar in the market.
The great majority are rarely capable of thinking independently.
  • #737,019
  • Dec 20, 2012 11:15am Dec 20, 2012 11:15am
Quoting math_GB
Yes, it will hit 1.3300s any second now... Seriously, maybe there is no more fiscal cliff...
thank
  • #737,020
  • Dec 20, 2012 11:17am Dec 20, 2012 11:17am
Quoting math_GB
It is like the Eurovision music contest here... Eastern Europeans vote for each other, there is the Northern Countries Pact, Cyprus never votes for Turkey etc... Simple rules...

And United Kingdom always has the least vote...
My view...
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