Forex

lucky u..lol my SL is 98.75

I will trail my position 40 pips away from entry. At .9965 SL = B/E

You know rahul, on the stage they say 'Break a leg'. What should traders wish each other?

Break a pip !

Lol, that was funny. I think it's way too late to short here as this dollar decline is over-extended and should bottom any time now. So if I were to tradet his pair I'd only look to go long. I'm looking at the Fed meeting to perhaps trigger a huge dollar rally. Ironically, the dollar usually gets clobbered when the Fed and/or Bernanke speaks. But this time might be the opposite. I have been putting in very small short positions on the EUR/USD since 1.5380. Once I get confirmation of a dollar bottom, I will go in very heavy.

The dollar may fall a little more, but like I've been saying for over a week now, the dollar decline is coming to an end and a large rally is imminent.

You never know what sort of agreement can be reached in a weekend. I am an oldtimer and remember the Plaza accord. But this time there wont be an agreement to support the dollar. Why should the BoJ and the ECB support the dollar if the Fed does not? (by the way, anybody believes todays CPI ? 0,00 PCT ???)) Untill now we have not heard anything else out of the U.S. then the regular "a strong dollar is in the U.S.'s interest". No one seems to be alarmed. Domestic consumption drops, higher export through a lower dollar helps the U.S.
World economy has become much more 'global' then some 20 years ago. In those day G7 ruled the world. Now there is OPEC, BRIC and the commodity currencies. Its much more complex and confounded. Just buying dollars wont do it. In the end it would give the market a target and finally CB's will loose. (see BoE in 1992).
Hopefully there are some clever ----ies out there who do have some good ideas. I do not.
Nice weekend.

next week going to be very DANGEROUS waves

so GETTING rich
or GETTING poor

so WATCH out!

yup, and dollar keep on growing week and weeker.
the rally.... is going to happen soon.
but guess who know when ?

stated earlier that the target is 95-96 for Doppy and I stick to it for now. Everything appears to be intact and AT made a great calculation for the short at around the 101+ level.
Technically we have yet another -&S that is now in play. Not so uncommon these days to see them work and not fake. The evidence is there to support the argument.
But I ask myself this question continually:
What motive does the BOJ have to intervene? They would be fighting the rest of the world who are dumping their $s including the USA.
It is financial suicide ATM to fight the trend and it has been for quite sometime now.
I would not be surprized however to see another signal short when the target is reached for more downside action. But I am looking for some consolidation when it gets there and I will be looking for reluctance to buy $ to confirm.
It is obvious that the US is using the $ and weakening it to compensate for Yuan strength and the balance of payments. They are determined in that respect and we know that it is not the first time in history the the US will 'cut off it's nose to spite it's face'.
History repeats itself.
However I think the chance of intervention is a dream as the CBs are clearly supporting and driving this move to curb Chinese financial power. Actions speak louder than words.

Hi Rich forex

NO.

More evidence that government figures are manipulated- we all know better the evidence is on the streets and the petrol pumps.

Who can you believe these days? -Your own wallet.