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EURUSD

  • #827,281
  • Aug 19, 2013 4:29pm Aug 19, 2013 4:29pm
Quoting MisterTrader
I wonīt trade anymore EUR/USD. Boring currency pair. A lot of inconsistent trends. False breakouts, lousy reversals.... AND ON TOP OF THAT: THE LAST 4 HOURS EUR/USD traded in a 8 pip range! PUKE!!!!!!!!!!
Thatīs mostly cause itīs August, genius. Donīt blame market if you donīt know how it ticks. Plus most of the smart money is either liquidating positions or staying out till September because of taper expectations - hence record low volume in major markets such as SP.
Quant Hedge Fund CEO
  • #827,282
  • Aug 19, 2013 4:31pm Aug 19, 2013 4:31pm
Quoting tomspin
{quote} it will challenge 89 again, perfect double top on daily, a rare pattern these days, and you never ignore it on daily.
Itīs actually triple top with a false break today, creating pinbar on daily. Ideal setup, we just need an RBA confirmation and Chinese HSBC PMI to suck.
Quant Hedge Fund CEO
  • #827,283
  • Aug 19, 2013 4:33pm Aug 19, 2013 4:33pm
Quoting FXMastermind
{quote} Itīs actually triple top with a false break today, creating pinbar on daily. Ideal setup, we just need an RBA confirmation and Chinese HSBC PMI to suck.

i watched wall-mart, last week.. that's all i needed.
those who can, do. those who cant, talk about those who can
  • #827,284
  • Aug 19, 2013 4:35pm Aug 19, 2013 4:35pm
cable daily candle failed to close above the last 2 previous high..demand is shifting.....good night of to bed
MY OPINION NOT FINANCIAL ADVISE
  • #827,285
  • Aug 19, 2013 4:38pm Aug 19, 2013 4:38pm
Quoting gatorinla
{quote} i watched wall-mart, last week.. that's all i needed.
...got quite a hit. Tax hike taking its toll on consumer spending?

How do you link it to chinese manufacturing, btw?
Quant Hedge Fund CEO
  • #827,286
  • Aug 19, 2013 4:45pm Aug 19, 2013 4:45pm
Quoting FXMastermind
{quote} ...got quite a hit. Tax hike taking its toll on consumer spending? How do you link it to chinese manufacturing, btw?

wallmart is china, read the "made in"
those who can, do. those who cant, talk about those who can
  • #827,287
  • Aug 19, 2013 4:49pm Aug 19, 2013 4:49pm
Quoting FXMastermind
{quote} ...got quite a hit. Tax hike taking its toll on consumer spending? How do you link it to chinese manufacturing, btw?

week wallmart... got a M... whats next?
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those who can, do. those who cant, talk about those who can
  • #827,288
  • Aug 19, 2013 4:54pm Aug 19, 2013 4:54pm
Quoting Kanzler
{quote} I'm sorry my work of art isn't appreciated.
Neither is your Art of Theft.................and Dishonestly......

Your personality reminds me of the pack of Hyena's in Lion King, your favorite kids show................
The More You Learn, The More You Earn.....
  • #827,289
  • Aug 19, 2013 4:55pm Aug 19, 2013 4:55pm
Quoting gatorinla
{quote} wallmart is china, read the "made in"
...their results are reflecting rather weaker demand than supply, do you reckon it will project into decrease in manufacturing that quickly?
Quant Hedge Fund CEO
  • #827,290
  • Aug 19, 2013 5:01pm Aug 19, 2013 5:01pm
Quoting FXMastermind
{quote} ...their results are reflecting rather weaker demand than supply, do you reckon it will project into decrease in manufacturing that quickly?
Look at it in conjunction with business inventory levels.

Weak demand with high inventory = manufacturing levels may not yet be effected, but can be taken as a leading indicator that unless demand increases manufacturing will slow.

Weak demand with lower inventory levels = business has scaled down on supply to meet reduced demand, less factory orders, manufacturing has likely been effected.

That's my .02.
  • #827,291
  • Aug 19, 2013 5:05pm Aug 19, 2013 5:05pm
Hi, I'm that "777 ignored' guy.
PipTrapper, you are definitely not in my list, as well as Halkins, Likerty, Lumesh, Gator, Donfriday, MaxDoom, nawafasad1 and many many others. I regret that I don't see posts of Cloggie and Sisse any more.
I am a full time trader and I'm making living on Forex. Due to my style of working (I'm scalper) I have no much time to read everything, so I decided to concentrate on few most valuable (to me) members. Many thanks to all of you and deep respect for your sharing.
No disrespect to ignored, I did not want to offend anyone. Probably I don't understand their style.
Good Luck,
Alex Dreamer
  • #827,292
  • Aug 19, 2013 5:10pm Aug 19, 2013 5:10pm
Quoting CJayB
{quote} Look at it in conjunction with business inventory levels. Weak demand with high inventory = manufacturing levels may not yet be effected, but can be taken as a leading indicator that unless demand increases manufacturing will slow. Weak demand with lower inventory levels = business has scaled down on supply to meet reduced demand, less factory orders, manufacturing has likely been effected. That's my .02.
Exactly what I am talking about...If you check latest figures, inventories tend to be lower than expected - sign of rather strong demand (or very low, which is not the case right now) + meaning businesses will likely purchase further stock...Therefore, the linkage to weaker manufacturing seems unjustified to me at this very moment, although canīt really dismiss the idea that weakening consumerīs spending will affect it rather faster than slower...

In that context, last consumer related data (UoM, Consumer confidence...) werenīt exactly encouraging.
Quant Hedge Fund CEO
  • #827,293
  • Aug 19, 2013 5:19pm Aug 19, 2013 5:19pm
we might have a bounce at 1.3320 but target is still 1.33 where i m looking for the correction to end and b should be in for wave c to take it to 1.3480 . eurljpy needs to turn down from 130.3 to give us a low to finish 5 waves from the high
131 . once we ve the low we look for a 3wave bounce to short or add on shorts
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  • #827,294
  • Aug 19, 2013 5:33pm Aug 19, 2013 5:33pm
Quoting FXMastermind
{quote} ...their results are reflecting rather weaker demand than supply, do you reckon it will project into decrease in manufacturing that quickly?

why not, wall-marts up because of the fed. but cat is at the 2008 high as support atm, and its up, because of the fed.. one could buy at support... but with the fed looking to cut, why? the aud has dropped like a stone. so i dont see cat recovering much more then a tech bounce. cat is the raw materials the Aussies dig up for the Chinese to supply wall-mart.. if both cat and wall-mart is taking a hit ....whats the conclusion?
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those who can, do. those who cant, talk about those who can
  • #827,295
  • Aug 19, 2013 5:43pm Aug 19, 2013 5:43pm
Quoting attila
crap, i'm passed 14K replies... expecting flack for that now,

Get a life kid if you have 1 ooh shit you where on holiday i forgot
  • #827,296
  • Aug 19, 2013 5:51pm Aug 19, 2013 5:51pm
.
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The More You Learn, The More You Earn.....
  • #827,297
  • Aug 19, 2013 6:15pm Aug 19, 2013 6:15pm
Quoting ffleo
{quote} you like it? did you close your spx long before its drop? I thought you are going to long all the way to 1770
I have time in 1617 and then in 1613
  • #827,298
  • Aug 19, 2013 6:21pm Aug 19, 2013 6:21pm
Any EJ update boys?
  • #827,299
  • Aug 19, 2013 6:48pm Aug 19, 2013 6:48pm
looks like kiwi and aussie might try follow gold, if one starts to break south again my guess other 2 might follow, for me aussie 9100 -9108 will be bulls best chance to stop rampant bears (line in sand) and for yen (geppy) bulls 153 00 is still in play if that hold other 3 could pop, a day for patience for both buyer and seller
If you are new to Forex? Say Goodbye to your account!!
  • #827,300
  • Aug 19, 2013 6:56pm Aug 19, 2013 6:56pm
Quoting forexalien
{quote} Neither is your Art of Theft.................and Dishonestly...... Your personality reminds me of the pack of Hyena's in Lion King, your favorite kids show................
Google what a "parody" is.
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