Forex

alfred · #41 (**permalink**) 03-17-2008, 01:32 PM

Quote:

Originally Posted by james

I apologize if you took some offense to my comment. Sometimes without seeing or hearing the tone of a comment someone makes it's hard to understand how the statement was meant to be taken. I was basically joking around when I said euro bulls were in denial and I tried to express that with the "lol" after I wrote it. I've been shorting small positions since 1.5380. The market is always right so denial, whether it exists or not, is meaningless. I was just trying to make a jest as to why the market was not moving in my direction. Sorry again if I offended you.

No harm done.

I appreciate your comments and view on the market. Wish you all the best.

stephen · #42 (**permalink**) 03-17-2008, 01:36 PM

guys, we all here for the same purpose.
Share Technical, Fundamental, Speculations, Target, etc.
LETS Stick together and WIN.

LETS Share the wealth.

stephen · #43 (**permalink**) 03-17-2008, 01:37 PM

EURO USD still going up.

Because US still going on SOFT LANDING, by fed cut rate.

any one ?

simarik · #44 (**permalink**) 03-17-2008, 01:41 PM

I am not like most who are "for what ever reason" scared to share honest information or give away "SECRETS OF TRADING" I have never worked in such a "hush hush" environment.

Could someone inlighten me as to why everyone is so hush hush about there trading. It's not like having 2 different retail outlets with the same product competing for the marketplace. I believe that we are all in this for the same reason and that's to make MONEY.

I have a trading plan I am willing to share with anyone who is interested but it is in excel and word format. I tried to upload the excel but I don't think I can. If you are interested let me know and we can discuss another way to share this. I am very interested in some profesional feed back on this plan.

sunny · #45 (**permalink**) 03-17-2008, 01:45 PM

Quote:

Originally Posted by simarik

I am not like most who are "for what ever reason" scared to share honest information or give away "SECRETS OF TRADING" I have never worked in such a "hush hush" environment.

Nothing hush hush going on tbh, as it seems longs liquidated and TP and that was the case for me. I am no longer comfortable holding a large long position at this EUR pace of advance especially over the weekend with what's going on.

And finally the EUR breakout level shorts, don't have much to offer as they might have closed their position or still running with a huge loss on their burden.

Forums on the internet aren't a legit place to build up a trading strategy if you don't know what your doing.

But for now, Watching 1.57 area as I do believe this level is critical any close above it means another two-three big figures towards 1.60
Don't take Asia's move for granted especially gap ups in can reversed by European session and more.
This forum has plenty of posts showing which direction they favor, just don't expect follow up on every post.

Sam · #46 (**permalink**) 03-17-2008, 01:47 PM

Quote:

Originally Posted by simarik

I am not like most who are "for what ever reason" scared to share honest information or give away "SECRETS OF TRADING" I have never worked in such a "hush hush" environment.

Could someone inlighten me as to why everyone is so hush hush about there trading. It's not like having 2 different retail outlets with the same product competing for the marketplace. I believe that we are all in this for the same reason and that's to make MONEY.

I have a trading plan I am willing to share with anyone who is interested but it is in excel and word format. I tried to upload the excel but I don't think I can. If you are interested let me know and we can discuss another way to share this. I am very interested in some profesional feed back on this plan.

I guess and hope everything will be alright

khan · #47 (**permalink**) 03-17-2008, 01:51 PM

While the market has fully priced in a 75 bps, and pricing significant chance of a 100 bps, the Fed will punish these hopes by cutting rates properly by 50bps and you could see EUR longs pared back in the market.

I do not think the Fed will cut more than 50 bps to give room for additional cuts, just be careful.

symonds · #48 (**permalink**) 03-17-2008, 01:54 PM

Quote:

Originally Posted by james

Euro bulls are in denial, lol. This seems typical of large euro rallies when they end. They keep extending under divergent momentum pulling it down. Then one day, as a total suprise, it reverses 100+ pips and doesn't stop. The divergence now between the GBP and EUR against the dollar may also be a good signal of the chaos and irrational behavior that occurs at bottoms/tops of long trends.

Dollar bulls hang in there, we're almost there.

I have watched and read your post with great interest. I believe you have an extremely good technical grasp of the market and while I do not dispute your assessment of the EUR/USD turnaround, I can't help but wonder if there is a point at which you would reconsider your position.

my question to you, is there is a point at which you would reconsider your position? And if so what would it be? Your thoughts are greatly appreciated.

alfred · #49 (**permalink**) 03-17-2008, 01:56 PM

Quote:

Originally Posted by khan

While the market has fully priced in a 75 bps, and pricing significant chance of a 100 bps, the Fed will punish these hopes by cutting rates properly by 50bps and you could see EUR longs pared back in the market.

I do not think the Fed will cut more than 50 bps to give room for additional cuts, just be careful.

50 Bp may be enough for now. But maybe even more important then 50 or 100 bp will be the Fed's statement. Still focus on growth, or is it shifting to inflation? If the latter, will they tell us this has been the last cut for the time being? If so, the low of the dollar can be nearby. Good luck.

symonds · #50 (**permalink**) 03-17-2008, 02:01 PM

Quote:

Originally Posted by symonds

Hi All,

http://www.mizuho-cb.co.uk/TresInter...CALS/Index.htm

Daily Comment on 3/10/08: Spiking up to yet another new record high at 1.5465 Friday with several other currencies doing something similar. Expect consolidation below here today and maybe all week. Medium term dips to 1.5000/1.4900 are seen as medium term buying opportunities for persistent US dollar weakness this year. The risk may be that you cannot even give the stuff away.

Monthly Comment on 3/4/08: As expected the Euro broke above the ‘triangle’ consolidation setting a new all-time high at 1.5276. Expect a little consolidation around here early this month followed by a nudge to 1.5400, the first measured target. Note that many are still balking at paying up and that futures positions are still lower than last year’s peak, so will need re-building. Many will be dragged into the party kicking and screaming, and late, so there is a chance of hitting 1.5750 by the end of this month (or in April).
A weekly close below 1.4900 would force us to adjust

looks as if he was right again.there has to be here somewhere

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