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  • #967,301
  • Mar 10, 2015 3:50pm Mar 10, 2015 3:50pm
nvm

dont wanna spoil it
  • #967,302
  • Mar 10, 2015 3:51pm Mar 10, 2015 3:51pm
Quoting pips4m3
What a night! EUR/USD crashed through the important 1.07xx level and continues to move down towards parity. Check out the SP500; it also crashed below the 50DMA with conviction after yesterday's stall. There's still half an hour left to go in NY's session, but a close below 2060 will leave 2020 and the 150DMA wide open. And 2000/200DMA (interesting coincidence) next. Still some ways to go before we get a clear indication of whether this is a minor correction or something more significant. How does this relate to EUR/USD? The reason I bring this...
This is just a normal move. Stock market increases as long as there are problems which are in the media all day long. The big money is already made when there are positive numbers; smart money will decrease. Also there will be an increase of rates by the FED soon, which means less liquidity.
S&P and DJ ralleys are also stopped by the ending of QE in the US, which you can see in the Dow Jones Oct. 2014 where it would go higher technical wise but couldn't break out (QE ending).
Usually a bear market will begin with a bull trap. This is happening since last week in the Dow Jones and S&P 500. Positions should be flat now here.

You can project this behavior to the european markets now where QE just started (look at DE30 f.e.) and bad news all over the place.
  • #967,303
  • Mar 10, 2015 3:59pm Mar 10, 2015 3:59pm
Long E/U against 670 for 1.19
69
  • #967,304
  • Mar 10, 2015 4:00pm Mar 10, 2015 4:00pm
Quoting pbylina
BUY BUY BUY!!!
Rofl, last time I heard that was at EU 1.30! That guy doesn't come here anymore.
  • #967,305
  • Mar 10, 2015 4:08pm Mar 10, 2015 4:08pm
defending 66
If you are new to Forex? Say Goodbye to your account!!
  • #967,306
  • Mar 10, 2015 4:09pm Mar 10, 2015 4:09pm
Bruges-italy's padoan says greek euro exit would show that euro is not irreversible
  • #967,307
  • Mar 10, 2015 4:09pm Mar 10, 2015 4:09pm
Quoting Tom_D_Trader
Yeh, intraday noise fake. Am stacking back on EU and out of PC. Not in mood for chop. Cya later and GL, Tom
Now thats more like it . Hail!
Quoting Tom_D_Trader
Cant stop it. Hail to the USD king. {quote}
Quoting Tom_D_Trader
4 USD: https://www.youtube.com/watch?v=DelhLppPSxY
"I know one thing, that I know nothing." Sokrates
  • #967,308
  • Mar 10, 2015 4:11pm Mar 10, 2015 4:11pm
no signs for counter actions yet

USDOLLAR D1:
Attached Image (click to enlarge)
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Don't be a hero. Don't have an ego. Always question yourself
  • #967,309
  • Mar 10, 2015 4:11pm Mar 10, 2015 4:11pm
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  • #967,310
  • Mar 10, 2015 4:12pm Mar 10, 2015 4:12pm
Quoting Likerty
Long E/U against 670 for 1.19
add moarr
69
  • #967,311
  • Mar 10, 2015 4:15pm Mar 10, 2015 4:15pm
digging deep. 3 black crows expectations on weekly chart.
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #967,312
  • Mar 10, 2015 4:17pm Mar 10, 2015 4:17pm
Quoting sisse
...the lows still wide open intraday for an exhaustion intraday leg in the next couple of session to the lows of the 1.070x handle and max extension 1.066x. sisse
And final extension completed right at the end with the test 1.066x.

Quoting sisse
{quote} .... Losing 1.142x for the roll clear and clean no discussion. Changing short term (dailies/weeklies) euro outlook from NEUTRAL to SHORTS. sisse
Very important close today in the making. Wide range forming from 1.066x to 1.077x.

Only because of technical reasons until the next FED meeting CHANGING SHORT TERM (dailies/weeklies) euro outlook [from Feb 4th] from SELL to NEUTRAL.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #967,313
  • Mar 10, 2015 4:22pm Mar 10, 2015 4:22pm
Quoting USD-Bear
no signs for counter actions yet USDOLLAR D1: {image}
yes there is
If you are new to Forex? Say Goodbye to your account!!
  • #967,314
  • Mar 10, 2015 4:24pm Mar 10, 2015 4:24pm
imo just buy very small and Sell big until it touch 500.
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #967,315
  • Mar 10, 2015 4:27pm Mar 10, 2015 4:27pm
Quoting goldfinch
Why is the S&P falling of a cliff, ..
Thanks for thoughts.

I agree is hurting exporters and are gonna be yelling. Got no problem with that, but US is biggest Oil importer, so it boosts consumer spending via lower prices of basic goods. Not that bad for US economy in long run, so let them whine. Also European stocks went down not as a failure of QE, but as a colaterral to US stocks drop. Got no problem with US stocks dropping, as think capital may/can be shifting to Europe.

Dunno if party is over, I am just an observer to stocks now. Dax seems holding pretty well above 11500, Nikkei not bad either.

Appreciate your advice of not buying USD blindly. Am gonna send message to my profits . See, I am currency trader, I actually dont care if stocks go up or down.
"I know one thing, that I know nothing." Sokrates
  • #967,316
  • Mar 10, 2015 4:28pm Mar 10, 2015 4:28pm
Quoting USD-Bear
no signs for counter actions yet USDOLLAR D1: {image}
Oh, thank you very much Bear. I was hoping I will not see some ressist of yours close
"I know one thing, that I know nothing." Sokrates
  • #967,317
  • Mar 10, 2015 4:33pm Mar 10, 2015 4:33pm
Quoting ExForX
{quote} Rofl, last time I heard that was at EU 1.30! That guy doesn't come here anymore.

The last time I can remember, that nearly anyone here was long and screaming "buy, buy, buy" was at 399x

Now the situation is vice versa.

We will see soon enough who is right and who is wrong
  • #967,318
  • Mar 10, 2015 4:34pm Mar 10, 2015 4:34pm
Quoting KiwiTrada
{quote} yes there is
show me, please...
Don't be a hero. Don't have an ego. Always question yourself
  • #967,319
  • Mar 10, 2015 4:36pm Mar 10, 2015 4:36pm
Quoting goldfinch
{quote} Why is the S&P falling of a cliff, erasing all gains for the year, one answer and one answer only, a strong dollar, the dollar is hurting every US multinational, EU exporters are enjoying this, but that one will come home to roost, a weak euro means an imbalance in the global trade, that imbalance will need to be rectified, all those buyers of european goods that are now 20% cheaper will offset the yield trade.nk looking for the exit.,,,.
The move in S&P was easy to spot last Friday after NFP when we broke correlation with the dollar (we mentioned in the thread a few times). But you maybe going a bit too far with your analysis of the strong dollar. Its just a simple and natural rates play and nothing that we "haven't seen before".

They are testing waters with the FED before next meeting:

  1. If FED confirms the intention of hikes June/July, the bastards are already clean and riding the pig and leaving the lagging "retail" and suckers buy and hold investors hanging on the highs [and it will take a while to come back to all time highs until hikes].
  2. If FED chicken out and surrender under tiny pressure, bastards will buy at a bargain on the next FED meeting and ride up till hikes enters in play ...

Its the typical mouse and cat game. The longer the FED plays the game the richer the bastards will get and the most problems for the real economy in the mid term.

The FED should sit tight and do proper macroeconomic policy without getting suck in by the bastards. Unexpected .25 hike in May will put the markets and the economy in place at least until the end of the year.... For now, June/July seems a done deal until the next FED meeting.

We'll see

sisse

Pending conversations? PM for a chat...I am mainly in OTM now
  • #967,320
  • Mar 10, 2015 4:36pm Mar 10, 2015 4:36pm
Quoting KiwiTrada
{quote} yes there is
Kiwi counter lord . I see Oil 48 as main obstacle. Holding for a month. But currencies seem speaking clear.

Ok, We could say GU may hold as well.

Mate please dont ruin my account, am megalong.

Quoting sisse
We'll see sisse
Thank you very much for such a nice sum up.
"I know one thing, that I know nothing." Sokrates
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