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The Swamp

  • #2,741
  • Apr 7, 2016 1:49am Apr 7, 2016 1:49am
Quoting gatorinla
{quote} an idiot on a laptop beat the biggest best and brightest.. aw shucks pa..
lol, love it...
Look Sharp/Trade Tight
  • #2,742
  • Apr 7, 2016 1:51am Apr 7, 2016 1:51am
Quoting Ken A
{quote} This has something to do with TPP re; JPY, EUR, USD and CNY Nothing to do with GS, MS, HIP, KNE, TOE 107.6x is calling
Something does not seem right here with the YEN going this high. I just got a quote this morning from China on shipping for a 40' Container to Los Angeles and shipping cost is roughly half of what it was a few months ago due to poor export numbers to America and Europe )including Japan.
I reckon that if the YEN gets under 108 it will be a good time to start building a nice sell position to hold towards later on this year. Should get ugly then and YEN should weaken. This could be the YEN strengthening before the bigger drop in play like how oil strengthened before tanking.
  • #2,743
  • Apr 7, 2016 1:58am Apr 7, 2016 1:58am
Quoting stylinex
{quote} Something does not seem right here with the YEN going this high. I just got a quote this morning from China on shipping for a 40' Container to Los Angeles and shipping cost is roughly half of what it was a few months ago due to poor export numbers to America and Europe )including Japan. I reckon that if the YEN gets under 108 it will be a good time to start building a nice sell position to hold towards later on this year. Should get ugly then and YEN should weaken. This could be the YEN strengthening before the bigger drop in...
You are going to see more than simply exchange rate but more demonizing and war on Russia, China and Iran

Wait and see
  • #2,744
  • Apr 7, 2016 2:02am Apr 7, 2016 2:02am
We need MD to come in here and post " Long DAX, Short EU" to move the market
Why sell the bottoms when you can buy the tops...
  • #2,745
  • Apr 7, 2016 2:06am Apr 7, 2016 2:06am
Quoting JustAndy
We need MD to come in here and post " Long DAX, Short EU" to move the market
Heheheh yeah spot on. I guess daily resistance 1 fading as EU trigger would do. I'm already in.
  • #2,746
  • Apr 7, 2016 2:15am Apr 7, 2016 2:15am
Quoting PayTheLimit
{quote} lol, love it...
the fed will be in trouble also. a spike in unemployment rate happens as people on the side, come back to workforce. that spike is short lived and historically the rate drops after the spike, with wage inflation. whats the fed going to do with a 4% handle unemployment rate ? i suspect many big names like goldman with be standing knee deep with their pecker in hand, when the tide rolls out. and the fed has no choice but to raise. quicker and faster than the figureheads are leading everyone to believe.
those who can, do. those who cant, talk about those who can
  • #2,747
  • Apr 7, 2016 2:19am Apr 7, 2016 2:19am
Quoting stylinex
{quote} Something does not seem right here with the YEN going this high. I just got a quote this morning from China on shipping for a 40' Container to Los Angeles and shipping cost is roughly half of what it was a few months ago due to poor export numbers to America and Europe )including Japan. I reckon that if the YEN gets under 108 it will be a good time to start building a nice sell position to hold towards later on this year. Should get ugly then and YEN should weaken. This could be the YEN strengthening before the bigger drop in...
sounds like world reset to me.
those who can, do. those who cant, talk about those who can
  • #2,748
  • Apr 7, 2016 2:36am Apr 7, 2016 2:36am
Quoting Ken A
{quote} You are going to see more than simply exchange rate but more demonizing and war on Russia, China and Iran Wait and see
What do you mean? Russia's currency tanked big time before. Iran is exporting oil now.
  • #2,749
  • Apr 7, 2016 2:42am Apr 7, 2016 2:42am
1378.x could off a eu entry.. 1378/1326... below is a LL
those who can, do. those who cant, talk about those who can
  • #2,750
  • Apr 7, 2016 2:51am Apr 7, 2016 2:51am
Quoting stylinex
{quote} What do you mean? Russia's currency tanked big time before. Iran is exporting oil now.
It will be contradictory to what main stream media say - so just leave it at that

Wait and see after the G7 and Doha meeting and TPP negotiation is still on going

Whatever the case don't leave home w/o stop loss and you will be safe
  • #2,751
  • Apr 7, 2016 2:55am Apr 7, 2016 2:55am
Quoting Ken A
{quote} It will be contradictory to what main stream media say - so just leave it at that Wait and see after the G7 and Doha meeting and TPP negotiation is still on going Whatever the case don't leave home w/o stop loss and you will be safe
So you are expecting a big correction this first half of the year basically
  • #2,752
  • Apr 7, 2016 2:56am Apr 7, 2016 2:56am
Quoting ill_be_back
Pending BUY {image}
Your target is hit and now is at 108.520

Quoting stylinex
{quote} So you are expecting a big correction this first half of the year basically
Looks like Japan and Europe have to sacrifice by the look of what's going on
  • #2,753
  • Apr 7, 2016 2:59am Apr 7, 2016 2:59am
Quoting stylinex
{quote} What do you mean? Russia's currency tanked big time before. Iran is exporting oil now.
excluding the gbp. when those currency levels are closer to matching 1973 levels or earlier seems to be where we head. once fed settles on raising.
those who can, do. those who cant, talk about those who can
  • #2,754
  • Apr 7, 2016 3:13am Apr 7, 2016 3:13am
Quoting longshot_nl
uj needs to be carefull not te become a widening wedge. Then we could see much more bullishness. {image}
this one is better

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  • #2,755
  • Apr 7, 2016 3:19am Apr 7, 2016 3:19am
Quoting Ken A
{quote} Your target is hit and now is at 108.520 {quote} Looks like Japan and Europe have to sacrifice by the look of what's going on
One would have though that ha they wanted to had intervened they would have intervened earlier on. My guess is America worked out something behind closed doors with Japan and China for currency so that China does not devalue its currency and start a currency war in Asia otherwise it does not make sense for the YEN to have risen so much against the USD while exports are tanking out of Japan along with China as well. Stocks are most likely due for a drop next if YEN keeps climbing.

That 108.59 on my screen is tempting to buy.
  • #2,756
  • Apr 7, 2016 3:21am Apr 7, 2016 3:21am
Quoting longshot_nl
{quote} this one is better {image}
With support taken out I am not sure how we could climb to the technical target now. Most candles are pretty much all in the red now
  • #2,757
  • Apr 7, 2016 3:26am Apr 7, 2016 3:26am
Quoting Ken A
{quote} Your target is hit and now is at 108.520 {quote} Looks like Japan and Europe have to sacrifice by the look of what's going on
Spike was before order was triggered
Order cancelled
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A good trader follows his rules, but great trader knows when to break them
  • #2,758
  • Apr 7, 2016 3:27am Apr 7, 2016 3:27am
Quoting stylinex
{quote} With support taken out I am not sure how we could climb to the technical target now. Most candles are pretty much all in the red now
Technical target for pennant is much lower though.
I can't buy or sell here. I just wait and see.
I wait till we are above the daily pivot point for a longer period.
  • #2,759
  • Apr 7, 2016 3:40am Apr 7, 2016 3:40am
eur usd 30m

possible shark.

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  • #2,760
  • Apr 7, 2016 3:41am Apr 7, 2016 3:41am
Pending BUY
Attached Image
A good trader follows his rules, but great trader knows when to break them
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