very likely spx turns around at 1960-ish.
ignore wackos and psychos, including myself. But I can't add myself to iggy
- #903,201
- Jun 6, 2014 12:32pm Jun 6, 2014 12:32pm
- | Membership Revoked | Joined May 2013 | 7,946 Posts
ignore wackos and psychos, including myself. But I can't add myself to iggy
- #903,202
- Edited 1:33pm Jun 6, 2014 12:34pm | Edited 1:33pm
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
those who can, do. those who cant, talk about those who can
- #903,203
- Jun 6, 2014 12:35pm Jun 6, 2014 12:35pm
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
{quote} Just do not start crying when the Euro bounces above 1.40
those who can, do. those who cant, talk about those who can
- #903,205
- Jun 6, 2014 12:45pm Jun 6, 2014 12:45pm
- | Membership Revoked | Joined May 2013 | 7,946 Posts
{quote} I previously had 1910 as resistance and i said to myself if this level breaks you can long the SP500 forever (so to speak), im holding long positions since 1840, albeit i have booked profits at the 1910 level and reentered when it broke. I see your point, but with all these different fancy names for printing money coming form all central banks of which i see no end to (maybe till next major crisis) there is no reason for this bull run to stop, not for breathers not nothing. The top is where THEY want it to be and i wont be the one to bet...
I just feel it is going to drop soon before next run up. The monthly pivot is calling it.
ignore wackos and psychos, including myself. But I can't add myself to iggy
For the EURUSD, important could be where price closes today... we have the 200 MA sitting at 1.3655, so above this could be seen as bullish... i still think their is some juice of what is left in the US session that may even see us close the day highs, who knows.
My positions are locked in and all protected.
Till Monday, trade safe and have a wonderful weekend everyone!
PS: Guys, i have mentioned it before, its never nice to lose but it is part of the game, if losing is making you upset or its something you are unable to get over then something is not right with you or the way you are trading YOUR account.
Lets ALL try and make PnL positive, problem is we wont always agree on direction, hence the zero sum game and probably that's why we LOVE it!
My positions are locked in and all protected.
Till Monday, trade safe and have a wonderful weekend everyone!
PS: Guys, i have mentioned it before, its never nice to lose but it is part of the game, if losing is making you upset or its something you are unable to get over then something is not right with you or the way you are trading YOUR account.
Lets ALL try and make PnL positive, problem is we wont always agree on direction, hence the zero sum game and probably that's why we LOVE it!
Cheers!!
- #903,207
- Jun 6, 2014 12:47pm Jun 6, 2014 12:47pm
- | Joined Aug 2013 | Status: Focusing like a Ninja | 80 Posts
Hey guys ,...
as i can see you have a fun here ,...
As i had some profit during last three days i dont trade today and just watch how the market behave. From my point of view the NFP was not as much interesting as yesterdays Interest rate. Also there could be some kind of a deal that the market didnt react in so much "intesive way". As i have posted yesterday the MA200 and how the candles closed below it today we have had som movement up. For me now it looks like that it is false because if this candle will close below MA 200 it will be again little bit "harder" to push this more UP. Todays high was really near to resistance ( green colour) and theoreticaly this could be the end of a retrecamnent up so next week there is a nice possibility of downwards movement.
Wish all green pips
as i can see you have a fun here ,...
As i had some profit during last three days i dont trade today and just watch how the market behave. From my point of view the NFP was not as much interesting as yesterdays Interest rate. Also there could be some kind of a deal that the market didnt react in so much "intesive way". As i have posted yesterday the MA200 and how the candles closed below it today we have had som movement up. For me now it looks like that it is false because if this candle will close below MA 200 it will be again little bit "harder" to push this more UP. Todays high was really near to resistance ( green colour) and theoreticaly this could be the end of a retrecamnent up so next week there is a nice possibility of downwards movement.
Wish all green pips
Many green pips guys
- #903,210
- Jun 6, 2014 1:09pm Jun 6, 2014 1:09pm
- | Joined Jun 2014 | Status: Lord of the rings ?? | 277 Posts
Someone mentioned a gap down of EUR/USD would be possible. I would honestly love to see such a Gap DOWN, but I don't see the reason as to why it would. Clearly "they" stand to make more next week by simply allowing EU to go back to being its small ranged currency. If you look at todays trading we haven't even touched a new pivot since asia open. So as I mentioned earlier I expect EU to accumulate at its main pivot which is 1.36108 Should we end up there I would feel much more comfortable about a gap down.
People wont learn to post analysis in forums not "I think its down/up!"
- #903,213
- Jun 6, 2014 1:18pm Jun 6, 2014 1:18pm
- | Joined Dec 2010 | Status: Trader | 1,581 Posts
How to opt out annoying user signatures ??
- #903,216
- Jun 6, 2014 1:29pm Jun 6, 2014 1:29pm
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
those who can, do. those who cant, talk about those who can
{quote} What are peoples thoughts on what fundamentals are at play here? The way EUR value is rising implies that its a great place to park your cash? This event appears to be 100% pure speculation.Am I wrong?
EurUsd bounced nicely off of 1.35. The volatility studies that I use are showing that we might get some follow through on the Daily Charts.
My earlier comments on odds to the downside were based on shorter term charts that I was looking at to trade this week's Data.
On the longer Daily Chart, 1.35 appears to be a pivot. We'll see how it plays out.
1.3475 was the previous pivot on the Weekly.
As far as demand goes, the Swiss will buy Euros to keep it stable, especially as the price gets close to the 1.20 peg. Switzerland is a key player in the fundamental dynamic.
Good luck.
