All Forums | Investments

Forex july dollar in the dog house edition

Participants:
Search model icon
Views: 10120
Posts: 175
 
Rookie
Participation Meter
Joined: Feb, 2005
Posts: 859
Posted: #76
joined the party @ 129 short eur/usd 
 
Covers Linesmen
Participation Meter
Joined: Feb, 2003
Posts: 56849
Posted: #77
Man they are supporting the hell out of this market..

Huge late move again just like yesterday, buy those futures..


 
Captain
Participation Meter
Joined: Oct, 2005
Posts: 8951
Posted: #78

I agree 131 will be the top but i dont know if it can push up to there from here..daily chart RSI now over 70...highest since October.....

I thought for sure all the risk wouldve topped out yesterday..GL fellas

 
Rookie
Participation Meter
Joined: Feb, 2005
Posts: 859
Posted: #79
buck no way options expire tomorrow they are making sure all the puts bought the past weeks expire worthless. then the drop will occur. I closed my short @ 129.20 losing 20 pips but i think i might get a btter price tomorrow on it. 

this correction may even push it passed 131 to screw all the shorts so i'm gonna stay ready to buy when the insanity gets to a very peak. all load up heavier than normal on a price over 131. i might even go long a normal position at this level 
 
Rookie
Participation Meter
Joined: Feb, 2005
Posts: 859
Posted: #80
i thought they would buy the market up to end the day. i think tomorrow we will get to 10500 on the dow.  what im wondering is next week, will they continue the buying at a slow pace say 30 points up daily to get people used to the market being a great place again or will the game end abruptly. 
 
Rookie
Participation Meter
Joined: Feb, 2005
Posts: 859
Posted: #81
i think they'll continue the slow pace into next week to try to capitulate the shorts and set the market fears at ease. but im getting itchy to buy some short eft's FAZ and SMN namely 
 
Captain
Participation Meter
Joined: Oct, 2005
Posts: 8951
Posted: #82

Looking at a chart we could see 10590[high 6/21]

 
Rookie
Participation Meter
Joined: Feb, 2005
Posts: 859
Posted: #83
hmmm the 100 day moving average 129.20 on the euro broke today and it seems like the price is being supported here at it. Maybe a great place to go long tonight. theirs not much res until 130 area and todays high. gonna have to look into this 

 
Rookie
Participation Meter
Joined: Feb, 2005
Posts: 859
Posted: #84
taking a shot here 129.22 long euro/usd  gonna see if the nikkei can ramp up some risk taking. 
 
Rookie
Participation Meter
Joined: Feb, 2005
Posts: 859
Posted: #85
loading up extra lots. i think they wanna run the euro harder today. tomorrow should be an up day in the usm 
 
Covers Linesmen
Participation Meter
Joined: Feb, 2003
Posts: 56849
Posted: #86
buck,

I have no idea what is going on with this CHF, it goes beyond risk on or off, they have dropped it 1200 pips in what less than a month?

At some point the Swiss just might want to slow this down before it hits PAR again?
 
Rookie
Participation Meter
Joined: Feb, 2005
Posts: 859
Posted: #87
bailed on eur. no harm done. jumped on to gbp/jpy long here. loks like its touched lower trendline on 1 hr charts and the usd/jpy is @ 87 if that goes down so will gbp/jpy too. 

I think it bounces from here hopefully hard 
 
Captain
Participation Meter
Joined: Oct, 2005
Posts: 8951
Posted: #88

Wall it certainly looks like it wants to go lower..and Par is next target w/o much real support until 98s theres some 101 but it wont hold..theres no way to guess which way its going as its dropped while the market was down and up...i havent checked the SSI reading but im sure its heavy to the buy side now with this drop...i hope it turns soon,daily oversold and weekly all the way down to 37...monthly had a cross lower to close last month so this is the result

I mentioned 131 in EU a few weeks ago,actually it was my brothers call,i just didnt think it would be now...kinda seems like it has to go there now since we are only 100 pips away

 
Covers Linesmen
Participation Meter
Joined: Feb, 2003
Posts: 56849
Posted: #89
I missed the big drop, could have bagged 200 pips on the Lb short..and I am noticing the Euro is relatively strong, how funny that sentiment has completely reversed in such a short period of time.
 
Covers Linesmen
Participation Meter
Joined: Feb, 2003
Posts: 56849
Posted: #90
markets open...some USD strength and Yen strength..nothing dramatic.
 
Rookie
Participation Meter
Joined: Feb, 2005
Posts: 859
Posted: #91
short the gbp/jpy here 132.70 think the futsee and usm will be negative soo lets see some risk taken off and the yen strengthen ill be a happy camper in the morning. really didnt think the gbp would stay this low friday but the usd/jpy has broken downward and i think many are trying to pick a bottom on gbp/jpy here. 

well i shoulda waited a few minutes coulda got 10 pips better price
 
All-Star
Participation Meter
Joined: Oct, 2008
Posts: 11310
Posted: #92
hows forex trading going thi smonth?  thinkin bout gettin in
 
Captain
Participation Meter
Joined: Oct, 2005
Posts: 8951
Posted: #93
Its always good...open a practice account to get your feet wet
 
Rookie
Participation Meter
Joined: Feb, 2005
Posts: 859
Posted: #94
Im really getting frustrated with the risk pairs they are not following risk on and off at all it seems. 
 
Rookie
Participation Meter
Joined: Feb, 2005
Posts: 859
Posted: #95
well gotta  100 pips outta shorting gbp/jpy this morning but im not happy i didnt put a order to go long this morning and my price entry would been awesome 131.55 

gonna watch where this 4hr candle closes 
 
Covers Linesmen
Participation Meter
Joined: Feb, 2003
Posts: 56849
Posted: #96
So did anyone catch why we moved almost 200 pts off the low since this morning?


 
Rookie
Participation Meter
Joined: Feb, 2005
Posts: 859
Posted: #97
walls i was just thinking the same thing. i checked yahoo to see where the dow was and was like WTF low of day 10,007 high 10,192 current 10,1077 .  are these guys serious ??


earlier i was looking at 2 etfs i want to buy very soon smn and faz. smn was down actually which shocked the hell outta me and faz wasnt up much of anything for the dow being down 100 pts.  i cant wait i buying some smn today will scale in if need to but 
 
Captain
Participation Meter
Joined: Oct, 2005
Posts: 8951
Posted: #98

Was the GS #s Wall?

 

 
Covers Linesmen
Participation Meter
Joined: Feb, 2003
Posts: 56849
Posted: #99
Quote Originally Posted by bucknuts:

Was the GS #s Wall?

 



Nah..look at the intra-day chart of GS, they were down early on and reversed with everything else.

I found it interesting that Goldman was naked short the VXX, they took client orders and did not cover themselves and it cost them big time in the quarter.

Talk about some cocky suckers, Goldman thinks they know the markets good enough to not hedge against client orders.


 
 
Captain
Participation Meter
Joined: Oct, 2005
Posts: 8951
Posted: #100

somebody has to lose money..makes me feel better anyway...

Ill never get out of these trades.,..$%^*ing UNREAL...but $/CHF held its ground even though they ran the market so i think thats a good sign

All Forums | Investments
About Us
Contact Us
Careers
Our Team
Brand
Testimonials
Betting Guides
Sportsbook Reviews
Sports Betting News
Podcasts
Responsible Gaming
Sports Betting
US Betting Sites
Canada Betting Sites
Canada Casinos
Best Betting Apps
Contests
Streak Survivor
King of Covers
Ultimate Race
Office Pools
The Covers community has
618,670
lifetime members worldwide
Covers 25 Years Logo Established in 1995,
Covers is the world
leader in sports
betting information.
Site Map Help Privacy Terms of Service youtube logo facebook logo twitter logo instagram logo linkedin logo google news logo
Covers is verified safe by: Evalon Logo GPWA Logo GDPR Logo GeoTrust Logo Evalon Logo
Copyright © 1995 - 2025 CS Media Limited All Rights Reserved.

If you choose to make use of any information on this website including online sports betting services from any websites that may be featured on this website, we strongly recommend that you carefully check your local laws before doing so.It is your sole responsibility to understand your local laws and observe them strictly.Covers does not provide any advice or guidance as to the legality of online sports betting or other online gambling activities within your jurisdiction and you are responsible for complying with laws that are applicable to you in your relevant locality.Covers disclaims all liability associated with your use of this website and use of any information contained on it.As a condition of using this website, you agree to hold the owner of this website harmless from any claims arising from your use of any services on any third party website that may be featured by Covers.