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Genesis Matrix Trading

  • #14,141
  • May 29, 2013 6:37am May 29, 2013 6:37am
Quoting realjumper
{quote} Funny you should say that Jo.....I was short GU as well and got stopped at BE!!
Yeah...it's called telepathy, Master RJ
mind over matter
  • #14,142
  • May 29, 2013 7:00am May 29, 2013 7:00am
Quoting kosmo
{quote} Many thanks, Lastingwell! Just supporting the girl team with my 2 cents
Well done Jo.
You're trully getting there.
Just don't go giving back to the market.

Girl power!
.... laughing all the way to the bank
  • #14,143
  • May 29, 2013 7:01am May 29, 2013 7:01am
Quoting realjumper
I can't find out anything that caused the dollar to crash like that......and idea Marty? Betcha there will be a muppet yappin behind the scenes....

thomsonReuters:

"After aggressive downside seen in the USD-Index over the course of the past hours, support has been found near 83.48 which was also the low print seen in mid-May; moves lower in the index have gained momentum... ... following an earlier break of 84.00 and with touted stop losses selling. No fundamental news in the past hours has been driving moves seen across FX markets, with USD weakness driven by sentiment and several technical levels taken out in recent trade."
hhhmmm it sounds like NO ONE KNOWS
"Trading require mental flexibility far beyond the scope of most people"
  • #14,144
  • May 29, 2013 7:09am May 29, 2013 7:09am
Quoting Alohamen
{quote} thomsonReuters: "After aggressive downside seen in the USD-Index over the course of the past hours, support has been found near 83.48 which was also the low print seen in mid-May; moves lower in the index have gained momentum... ... following an earlier break of 84.00 and with touted stop losses selling. No fundamental news in the past hours has been driving moves seen across FX markets, with USD weakness driven by sentiment and several technical levels taken out in recent trade."hhhmmm it sounds like NO ONE KNOWS

Yeah......I saw the USDX crash, but I wonder what caused it.....hmmmmmm
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,145
  • May 29, 2013 7:14am May 29, 2013 7:14am
Quoting realjumper
{quote} Yeah......I saw the USDX crash, but I wonder what caused it.....hmmmmmm
maybe some... Middle Eastern real-money accounts make change little before shopping....
"Trading require mental flexibility far beyond the scope of most people"
  • #14,146
  • May 29, 2013 7:23am May 29, 2013 7:23am
Quoting realjumper
I can't find out anything that caused the dollar to crash like that......and idea Marty? Betcha there will be a muppet yappin behind the scenes....
Just found out there was a large hedge fund re-balancing, and closing out their USD long positions that attributed to the USD sell off. I would assume this will be just temporary USD weakness.
  • #14,147
  • May 29, 2013 7:25am May 29, 2013 7:25am
Quoting itsallover
{quote} Well done Jo.You're trully getting there.Just don't go giving back to the market. Girl power!
Thank you, Kelly I'll do my best not to give it back. The girl team has to stay strong, lol!
mind over matter
  • #14,148
  • May 29, 2013 7:28am May 29, 2013 7:28am
Quoting MKFXTrader
{quote} Just found out there was a large hedge fund re-balancing, and closing out their USD long positions that attributed to the USD sell off. I would guess this will be just temporary USD weakness.
If they closed their long positions doesn't it mean they might be opening short ones soon, which would mean continued USD weakness...?
mind over matter
  • #14,149
  • May 29, 2013 7:34am May 29, 2013 7:34am
Quoting kosmo
{quote} If they closed their long positions doesn't it mean they might be opening short ones soon, which would mean continued USD weakness...?
Not necessarily. Pretty normal at month end. I mean at some point even hedge funds have to take some profit, no? Fundamentals trump all. Who know what they are still holding. Just follow PA.
  • #14,150
  • May 29, 2013 7:36am May 29, 2013 7:36am
Quoting MKFXTrader
{quote} Just found out there was a large hedge fund re-balancing, and closing out their USD long positions that attributed to the USD sell off. I would assume this will be just temporary USD weakness.
Hmmmm......must have been some huge accounts to cause such a sell off. I expect we'll find out the truth all in due course.....I'm still betting on a muppet speaking our of turn!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,151
  • May 29, 2013 7:40am May 29, 2013 7:40am
Quoting realjumper
{quote} Hmmmm......must have been some huge accounts to cause such a sell off. I expect we'll find out the truth all in due course.....I'm still betting on a muppet speaking our of turn!!
Probably. When PA moves like that, some times it's a prelude of things to come. Besides, as long as market moves, that's all that matters, no? I hate the ranging crap! We'll see what NY does. It may very well reverse just like yesterday.
  • #14,152
  • May 29, 2013 7:42am May 29, 2013 7:42am
Quoting realjumper
{quote} Hmmmm......must have been some huge accounts to cause such a sell off. I expect we'll find out the truth all in due course.....I'm still betting on a muppet speaking our of turn!!
USD weakness is due to a spike in the treasury yeilds which jumped overnight due to report on China GDP weakness
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #14,153
  • May 29, 2013 7:43am May 29, 2013 7:43am
and the continued consideration of US QE coming to an end
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #14,154
  • May 29, 2013 7:44am May 29, 2013 7:44am
Quoting MKFXTrader
{quote} Probably. When PA moves like that, some times it's a prelude of things to come. Besides, as long as market moves, that's all that matters, no? I hate the ranging crap! We'll see what NY does. It may very well reverse just like yesterday.
Yes I agree...no matter what moves the market, it moves....and that's what we want. I'm just curious because that move was sudden and big.

Basically nothing has changed fundamentally though....USA is still slowly recovering......EU is still slowly going down the toilet....and Abe is still taking "bold action".......so yes, this move may well reverse when NY finishes it's breakfast!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,155
  • May 29, 2013 7:46am May 29, 2013 7:46am
This is an interesting (short) read.....I'm inclined to agree with this guy.....at least his head isn't in the sand. More here

"The European Union has done its best lately to exude optimism about its efforts to emerge from the ongoing euro crisis. Not only have important steps been made, say EU leaders, but increased political and economic integration mean that the future of the bloc is bright.

European Energy Commissioner Günther Oettinger, however, would beg to differ."
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,156
  • May 29, 2013 7:47am May 29, 2013 7:47am
Quoting Martyfish
and the continued consideration of US QE coming to an end
Everything sounds good with those two scenarios Marty, but that would make a case for USD strength not weakness IMO. Oh well, we'll find out soon enough.
  • #14,157
  • May 29, 2013 7:49am May 29, 2013 7:49am
Quoting MKFXTrader
{quote} Everything sounds good with those two scenarios Marty, but that would make a case for USD strength not weakness IMO. Oh well.
QE has boosted Equities, which is drawing in foreign buyers buying dollars to buy stocks.

So if equities are perceived to have had their run, demand for dollars to buy US equities will diminish.

= weaker dollar
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #14,158
  • May 29, 2013 7:56am May 29, 2013 7:56am
Quoting Martyfish
{quote} QE has boosted Equities, which is drawing in foreign buyers buying dollars to buy stocks. So if equities are perceived to have had their run, demand for dollars to buy US equities will diminish. = weaker dollar
You make a good point but IMO, one could make an argument either way.

Anyways, at this point in my trading career, doesn't matter to me except that the market moves.
  • #14,159
  • May 29, 2013 8:04am May 29, 2013 8:04am
We haven't updated our H&S for a while.....it still exists.....
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 88 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,160
  • May 29, 2013 8:07am May 29, 2013 8:07am
Quoting realjumper
We haven't updated our H&S for a while.....it still exists..... {image}
Where's neckline sitting at RJ? I'd love for that to pop like a balloon.
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