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  • #4,601
  • Jun 25, 2014 1:46pm Jun 25, 2014 1:46pm
Quoting stewrigh
In case you were wondering why the Euro seems strong with negative interest rates - this is a good explanation. http://www.zerohedge.com/news/2014-0...cluding-draghi

This helps to explain the Euro. The Euro area is a current account surplus area. The United States is a current-account deficit area. The interest rate differential argues for a weaker Euro. The current account position argues for a stronger Euro. These two forces battle it out in the foreign exchange markets, and the result is less Euro weakness than many had expected.

I like the explanation S. I am part of the hoards that were wrong footed by the euro's strength. It feels a bit better because even Draghi himself didnt expect this strength (the author said) although it was my account that got slammed

Olu
If you think you can or cannot do it you are correct
  • #4,602
  • Jun 26, 2014 1:41pm Jun 26, 2014 1:41pm
Quoting Boy Wonder
U/CAD daily. Trying a risky synthetic long here, have bought a fair few OTM puts on CAD futures (inverse U/CAD); if it works it pays out megabucks, if not, well, them's the breaks. Probably a less than 1 in 3 chance it works, but if it does, we could see a move back up to 1.09-ish. {image}
Did I say less than 1 in 3? I meant less than one in 30...
In the interests of full disclosure of shitty trades, herewith is the update for this particular shitty trade. In short: didn't work.
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I have no clue what I'm talking about.
  • #4,603
  • Jun 26, 2014 2:05pm Jun 26, 2014 2:05pm
Anyone thinking of buying the dollar over the next few weeks/months/years should read this first

Foreigners know this, sadly the vast majority of Americans still do not and won't until it's too late to do anything about it.

http://blog.milesfranklin.com/anothe...he-big-picture
  • #4,604
  • Jun 26, 2014 2:49pm Jun 26, 2014 2:49pm
Quoting stewrigh
Anyone thinking of buying the dollar over the next few weeks/months/years should read this first Foreigners know this, sadly the vast majority of Americans still do not and won't until it's too late to do anything about it. http://blog.milesfranklin.com/anothe...he-big-picture
Thanks Stewrigh,

I agree with the article. I've mentioned it in the past that I think the US$ is being bypassed as the reserve currency. More deals being struck between countries exchanging goods without the use of currencies. Big deals with china buying oil in exchange for Chinese goods. With supposed "good" economic news, stock markets @ record highs, the US$ just seems to get weaker.

I know some traders are surprised @ the strength of GU, AU, NU etc... but I think it's just US$ weakness rather than strength of other currencies. They need to be in some currency or gold so picking anything but US$.
  • #4,605
  • Jun 26, 2014 5:49pm Jun 26, 2014 5:49pm
Quoting stewrigh
Anyone thinking of buying the dollar over the next few weeks/months/years should read this first Foreigners know this, sadly the vast majority of Americans still do not and won't until it's too late to do anything about it. http://blog.milesfranklin.com/anothe...he-big-picture

Yet again S you have given us an excellent article. Thanks. The ramifications of this article is huge. If $ loses its reserve status all the US will become is the biggest debtor (they are already the biggest debtor now) with no respect/regard and they will be immediately liable for all the debt. their bonds will collapse and the $'s value will fall drastically. Inflation as well - hyperinflation.
I fear for the generation after me

Olu
If you think you can or cannot do it you are correct
  • #4,606
  • Jun 30, 2014 2:19pm Jun 30, 2014 2:19pm
Quoting stewrigh
{quote} Be creful with copper Olu theres a lot of chatter abt re-hypothication in China and the Copper not being there. - In the previous post its mentined in the second vid at abt 33.
Anyone remember copper?
http://www.zerohedge.com/news/2014-0...s-4-month-high

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  • #4,607
  • Jun 30, 2014 4:17pm Jun 30, 2014 4:17pm
Quoting stewrigh
{quote} Anyone remember copper? http://www.zerohedge.com/news/2014-0...s-4-month-high {image}
Do I remember Copper S? I do and luckily I didnt short it. I didnt go long either. I scoured the net about the effect of the China issue and there were conflicting comments all over the place that ranged from 'its priced in' to 'bullish for copper' and also 'bearish for copper' so I decided to give it a miss. Thanks for the warning S

Olu
If you think you can or cannot do it you are correct
  • #4,608
  • Jun 30, 2014 4:26pm Jun 30, 2014 4:26pm
Dollar Index
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If you think you can or cannot do it you are correct
  • #4,609
  • Jun 30, 2014 4:40pm Jun 30, 2014 4:40pm
Crude Oil

I am testing the waters with a small long on a break of today's high. Stop below the low of the candle
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If you think you can or cannot do it you are correct
  • #4,610
  • Jul 1, 2014 12:11am Jul 1, 2014 12:11am
Quoting Olu
Dollar Index {image}
Definitly it is! gold colsed the monthly candle as high as it could reach.
  • #4,611
  • Jul 2, 2014 11:27pm Jul 2, 2014 11:27pm
Quoting Olu
Crude Oil I am testing the waters with a small long on a break of today's high. Stop below the low of the candle {image}
Olu,

I like this call a lot.
1) EMA50
2) Resistance becoming support?
3) Nice RBR Demand zone
4) Long term trend is up
5) Price structure is clearly up (HH and HL)

I am already long
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  • #4,612
  • Jul 3, 2014 2:16am Jul 3, 2014 2:16am
Sorry Guys for the fewer posts from me recently. I am traveling to Nigeria tomorrow for a week for the ceremony I talked about and all the preparations and heaviness of heart is what is making the number of posts from me dwindle. Should be back full force on the 13th.

Olu
If you think you can or cannot do it you are correct
  • #4,613
  • Jul 3, 2014 3:59am Jul 3, 2014 3:59am
sorry Olu, I didnīt see your post about your travel to Nigeria, I hope everything will be ok for you. Take care
  • #4,614
  • Jul 4, 2014 1:06pm Jul 4, 2014 1:06pm
Quoting Olu
Dollar Index {image}
Another article talking about bypassing the US$ to make deals.

http://www.zerohedge.com/news/2014-0...ollar-alliance
  • #4,615
  • Jul 6, 2014 10:46pm Jul 6, 2014 10:46pm
Quoting srt
{quote} Another article talking about bypassing the US$ to make deals. http://www.zerohedge.com/news/2014-0...ollar-alliance
Its pretty obvious no one should be playing the long game on the Dollar.....its doomed.
  • #4,616
  • Jul 7, 2014 12:58pm Jul 7, 2014 12:58pm
I have been following your discussion and I thought I would offer my long-term view on the USD/CAD.
I believe that USD/CAD has reached the target of the H&S top on the daily and weekly charts which coincides with the long term uptrend line from 2012.
I am long this pair from last Tuesday.

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  • #4,617
  • Jul 12, 2014 5:25am Jul 12, 2014 5:25am
Time to get on VIX?

http://www.zerohedge.com/news/2014-0...ll-uphill-here
  • #4,618
  • Jul 14, 2014 8:44am Jul 14, 2014 8:44am
Guys

Got in last night from Nigeria. All went well in the week long ceremony. A big thank you to all the readers and trading buddies on this thread

Olu
If you think you can or cannot do it you are correct
  • #4,619
  • Edited 4:19pm Jul 15, 2014 4:04pm | Edited 4:19pm
AudUsd, FXCM Dollar Index and the Dollar Index
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If you think you can or cannot do it you are correct
  • #4,620
  • Jul 15, 2014 7:54pm Jul 15, 2014 7:54pm
Quoting mypipbull
{quote} Its pretty obvious no one should be playing the long game on the Dollar.....its doomed.
This could be a the start of a real game changer.....

http://www.zerohedge.com/news/2014-0...-central-banks
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