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May the forex be with you...

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Captain
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Posted: #551

all my MT4 charts up through the 4hr are now sayn sell...the 4hr has had a sell since 13260s..

pulling fibs off the daily 13383 is the .382...i mustve used a different candle b4 as the top cause i thought it was just over 134...close enough i guess...

You think they run the market again tomorrow Wall?

 
Covers Linesmen
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Posted: #552
I think they might run the markets tomorrow, but I dont see it lasting longer term..meaning more than a day or two.

Moving the markets 300 pts off China remarks makes absolutely zero sense to me.

I did get out of the Lb trade, the advantage of having 2 pip spreads is huge, and makes a 132.98 into 131.02 with a tight spread, so I am quite pleased..but I still think it goes higher than 133 and I am not looking to short.
 
Captain
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Posted: #553

I wouldnt shrt long term here but all charts under the daily were saying pullback..as short lived as it may be its already been 70 pips off the highs..several of the 4hr charts are having DI/ADX crosses lower[EU,AUD,NZD] but i dont think they stay down for that long..we broke some trend lines today in many pairs

 
Rookie
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Posted: #554
long the gbp/yen  132.80 think shes gonna run tonight/ tomorrow. 

 its really funny how the stock market is on the rise even after the fact that they know europe's problems are gonna hurt our economy when the dollar was weak alot of companies earnings were bolstered by converting euro's to dollars = better profits. now the euro is going down/ dollar up versus everything and europe has to cut back hard on its spending. hmmm yeah dow 12k here we come LMAO 
 
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Posted: #555
saw this video and felt like sharing it. 

https://fb.worldstarhiphop.com/videos/video.php?v=wshh131mguWSMy2G44Mc
 
Rookie
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Posted: #556
got out of this pair about even.  coulda went long and short for 50 pips about 8 times on this damn thing tonight. i bet now it will run up to 134 ugg what a waste of time tonight.
 
Captain
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Posted: #557
One more time...131.05 long
 
Captain
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Posted: #558
About time i get one of these trades..
 
Covers Linesmen
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Posted: #559
I was getting the kiddo ready, should have stepped in below 131 there for a quickie.

I think they test it lower again, buy limit at 130.75
 
Captain
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Posted: #560
Yeah putting trend lines up they didnt get it all the way down...so im sure theyll go after a touch at least
 
All-Star
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Posted: #561
Looks like the Euro is selling on news of Spain losing credit rating.
 
Captain
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Posted: #562
Done for the week boys...just took 64 pips
 
All-Star
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Posted: #563


Good week for me too.
 
Captain
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Posted: #564
Anybody taking EU short home for the weekend?
 
Covers Linesmen
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Posted: #565
Not me..

Not carrying anything for once.
 
Captain
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Posted: #566

Yeah im flat just seeing what yall were up to...i dont think LB/JPY looks that good now after the last 12 hrs or so add to that we are sure to get more bad news for EU and we might be looking at 126 again...

Watched a video yesterday Sebastien Galy talking to Susan Li[bloomberg analyst]he thinks we see EU/$ 1.10 this year and PARITY by 2nd qtr next year...he thinks we crack 120 slide to 115 rally then slide down again

 
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Posted: #567
Good week fellas see ya guys sunday enjoy the weekend 
 
Covers Linesmen
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Posted: #568
Yeah remember us talking about PAR a while back and I mentioned 1.25 soon when it was in the 1.30s

Smells like PAR or lower, in 2001 it was .85 or whatever..it could go back there easily if the FED ramped up rates and the EU kept in the dumps at the same time.

I also could see the AU in the .70s and the US.CD back near 1.20.

It all depends where the USM goes and how soon rates move higher, that is really all that matters.
 
Captain
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Posted: #569

Ive seen several articles and videos also saying $/Yen 1.08 by year end

 
Captain
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Posted: #570
Not much as far as gap up/downs...lets have a good week fellas
 
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Posted: #571
buck,

Yeah I dont see much either.

I also am not sure on the 1.08 Us.Yen..to me the Yen is the strongest down USM currency, so if the USM goes down the US.Yen will go down, not as much as others but it will..the only way the US.Yen gets there to me is if the Fed raises rates..higher rates pushes the USD against everything in general, so if the markets go higher and the rates go higher then I could see that.

If rates stay flat or up a hair and the markets down, the US.Yen should trade lower or flat.

I dont like the Us.Yen in a down market..it is also not so great in an up market..in a flat market I guess but there are so many better power packed combos that I find it quite boring..similar to the EU.LB (in general)
 
Captain
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Posted: #572

All i know is i see something every few weeks saying $/Yen should be higher...yet it cant push through the mid 90s...im sure at some point it will explode higher...but we'll see

 
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Posted: #573
Yeah I would want to know what scenario there is that makes this happen and if that scenario worked, which pair would be the best to maximize the scenario?

Looks like risk on a bit early here..the Lb.Yen is almost 100 pips off the fast low, amazing move for such a short time.
 
Captain
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Posted: #574
Shrt CHF got in but my bro was here didnt post upon entry... 115.755
 
 
Covers Linesmen
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Posted: #575
Geez the Lb.yen is moving up..HOD right here at 132.40

That short is right where we are, no biggie as to posting it late.
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