ignore wackos and psychos, including myself. But I can't add myself to iggy
- #68,261
- Jul 22, 2013 1:57pm Jul 22, 2013 1:57pm
- | Membership Revoked | Joined May 2013 | 7,946 Posts
- #68,262
- Jul 22, 2013 1:57pm Jul 22, 2013 1:57pm
- | Membership Revoked | Joined May 2013 | 7,946 Posts
ignore wackos and psychos, including myself. But I can't add myself to iggy
- #68,263
- Jul 22, 2013 2:01pm Jul 22, 2013 2:01pm
- | Membership Revoked | Joined May 2013 | 7,946 Posts
{quote} Not on my charts.... But I appreciate your views none the less. Your charts have merit, I just see things a bit different.
dow jones dollar
ignore wackos and psychos, including myself. But I can't add myself to iggy
- #68,264
- Jul 22, 2013 2:02pm Jul 22, 2013 2:02pm
- | Joined Dec 2011 | Status: Trader | 1,581 Posts
Any prices quoted are futures
- #68,266
- Jul 22, 2013 3:47pm Jul 22, 2013 3:47pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #68,267
- Jul 22, 2013 3:49pm Jul 22, 2013 3:49pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
{quote} I'm aware of the risks of the dixie atm. That weekly bar 2 weeks ago is plenty scary. Part of why my trades have a shorter leash.
ADD: Oh you're talking about the dxy. Don't worry about that deceptive index. The dxy only reflects the Euro so it's not truly representative of the USD. For that you need to look at the real dollar index (USDOLLAR)
Those who say it cannot be done should not interrupt those who are doing it
{quote} That weekly bar is not as scary as it could have been. It's not an outside bar or an engulfing bar... therefore it doesn't carry a high probability of reversal. Had the week closed below the previous week low, then I'd be selling USD like there was no tomorrow. ADD: Oh you're talking about the dxy. Don't worry about that deceptive index. The dxy only reflects the Euro so it's not truly representative of the USD. For that you need to look at the real dollar index (USDOLLAR)
- #68,269
- Jul 22, 2013 4:55pm Jul 22, 2013 4:55pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
{quote} The dixie chart is just another factor. I certainly don't make any decisions about individual currencies from it. With that said, I'm still comfortable holding USD and price is within my original trading plan BUT the greenback needs to get it's ass in gear. No more jerking around, the time is now to get some traction or heaven forbid, actually gain some ground.
I see a negative deposit rate coming at the ECB, and if so, watch out below.
Furthermore, any USD weakness should only be seen as corrective across the board.
...and on top of all that I have 5 more words for you "3 of 3 of 3"
Those who say it cannot be done should not interrupt those who are doing it
- #68,270
- Jul 22, 2013 5:51pm Jul 22, 2013 5:51pm
- | Membership Revoked | Joined May 2013 | 7,946 Posts
ignore wackos and psychos, including myself. But I can't add myself to iggy
- #68,271
- Jul 22, 2013 7:03pm Jul 22, 2013 7:03pm
- | Joined Dec 2011 | Status: Trader | 1,581 Posts
Any prices quoted are futures
- #68,273
- Jul 23, 2013 3:08am Jul 23, 2013 3:08am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Am I seeing things or is this a rising wedge? Might give a nice chance of a short. I'm in at 1.3192...... {image}
Remember, however, that a rising wedge is not confirmed until the lower trend line is broken.
Until then all it takes is a break of the upper trend line to convert it into a rising equidistant channel
Those who say it cannot be done should not interrupt those who are doing it
- #68,274
- Jul 23, 2013 3:31am Jul 23, 2013 3:31am
{quote} Yes it is a rising wedge. Remember, however, that a rising wedge is not confirmed until the lower trend line is broken. Until then all it takes is a break of the upper trend line to convert it into a rising equidistant channel
Short Euro and remaining that way. That's just the way it is !
- #68,275
- Jul 23, 2013 3:45am Jul 23, 2013 3:45am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
{quote} Thanks PT. I'll keep my fingers crossed it turns out to be the former...
Those who say it cannot be done should not interrupt those who are doing it
- #68,277
- Jul 23, 2013 4:21am Jul 23, 2013 4:21am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
{quote} That can be very, very painful............
Not as painful as a USD meltdown 
Those who say it cannot be done should not interrupt those who are doing it
- #68,278
- Edited 5:01am Jul 23, 2013 4:34am | Edited 5:01am
{quote}
Shhhhhhh 
Don't even think it !!!!!! Excuse me, must go to the Bathroom................
Short Euro and remaining that way. That's just the way it is !
- #68,279
- Jul 23, 2013 5:40am Jul 23, 2013 5:40am
- | Joined Dec 2011 | Status: Trader | 1,581 Posts
return to yen strength. this thing bottomed out, at least temporarily on Jul 19. to 105 (95 spot)!!!
cant be up 24/7
Any prices quoted are futures
- #68,280
- Jul 23, 2013 7:33am Jul 23, 2013 7:33am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
{quote} looks like ill be eating a plate of crow on yen. i am still hanging in there for the time being bbut i dont care for the position at which futures found support. hopefully some of you made a good fade. japan should be closed except during NY hours
Those who say it cannot be done should not interrupt those who are doing it