Wazua
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Rank: User Joined: 5/9/2010 Posts: 1,418 Location: Nai
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A summary of the USD index . We are currently at a critical area.a drop below and close of the blue rising trendline will be very bearish a violent. Enjoy the image.. http://chart.ly/uploads/oqih2iq.png?1297989160Your future depends on your dreams so go to sleep !
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Rank: User Joined: 5/9/2010 Posts: 1,418 Location: Nai
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kasheshe wrote:Qw, It appears the stars are all lined up for a long bear run for Eur/Usd. The break out south has already began. I have had some sell trades for some time and I will hold on to ride on the forming bear trend. I almost exited as the bull momentun appeared too unrelenting.  LOOOOOOOOOOOOOOLL .bear run when we just closed above the bull flag on the daliy chart...e/u (eur/usd) now targets 1.4 level... Your future depends on your dreams so go to sleep !
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Rank: User Joined: 5/9/2010 Posts: 1,418 Location: Nai
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[quote=qw25041985]Things DONOT look so good for the dollar . USD Index Suggests Downside May Be In Store For The Buck Fundamentals suggest the greenback should be trading firmer considering mostly positive U.S. data surprises, improving growth outlooks, and inflows from emerging markets to developed economies but the buck has not been able to maintain its recent gains. The buck was sold today on the back of continued equity market upside and disappointing weekly jobless claims. Price action has led to a number of technical developments in the USD Index and EUR/USD that suggests near term dollar selling may continue. USD INDEX The technical picture in the USD Index seems quite bearish as today’s close under 78.25 bear flag support that projects a measured move objective towards the Dec. ’09 74.00 lows. Look at image below http://www.actionforex.c...forexcom/2011021811.gif
EUR/USD EUR/USD is close to confirming the bearish dollar outlook suggested by the USD Index - hourly closes above 1.3625 declining wedge resistance suggests a measured move objective towards the 1.3900 figure. Image below : http://www.actionforex.c...forexcom/2011021812.gif[/quote] WOOOOOOOOOOOOOOWWWWWWW !!!!!!!!!!! I must say i am pleased by this commentary.Worked out so perfectly and gave me some good pips.@ hisah . i hope you came of it with something....I mean one pattern complementing another pattern... hope there'll be follow through next week.... Your future depends on your dreams so go to sleep !
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Hmmm... Someone sold a large eurodollar contract - 100k contract for march 90 day euro futures. That's a sizable bet for the euro to decline next month. This might just tempt me to start selling the eur/usd cross again. Something else to note, net spec longs doubled GBP contracts this week. This is hinting to a short eur/gbp trade and long trades in gbp/chf & gbp/jpy pairs. @qw, i'm more bullish on gbp than eur in europe and that is why i never buy the eur apart from the euro debt crisis. This is not to say that gbp is better, all G10 econs are saddled with debt to the neck. So fx this days is about trading between ugly sisters pairings... http://www.zerohedge.com...on%20havenstein/EDH1.jpg$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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AUD/USD Weekly OutlookAfter dipping to 0.9943, AUD/USD rebounded strongly from there. Recent outlook in AUD/USD has been quite mixed as it's been clearly losing upside momentum as seen in bearish divergence condition in daily MACD. Nevertheless, AUD/USD is still having strong support from 55 days EMA and refused to stay below this support for multiple attempt. Recent up trend would still continue further and above 1.0119 will target another high above 1.0254. On the downside, break of 0.9943 support is needed to be the first signal of topping. Otherwise, we won't turn bearish yet. Action fxGBP/JPY Weekly Outlook GBP/JPY extended recent rise to as high as 135.48 last week and the close above 134.19 resistance suggests that the cross has bottomed out in medium term already. Initial bias remains on the upside this week and further rise should now be seen towards 137.75 resistance and then 38.2% retracement of 163.05 to 125.48 at 138.83. On the downside, break of 132.48 resistance turned support is needed to signal short term topping. Otherwise, we'll stay bullish even case of retreat. Action fxEUR/CHF Weekly Outlook EUR/CHF's fall from 1.3203 extended further to as low as 1.2894 last week and touched 38.2% retracement of 1.2401 to 1.3203 at 1.2897. The development, with daily MACD crossed below signal line, suggests that rebound from 1.2401 is over. Initial bias remains on the downside this week for deeper decline to 1.2779 support next. On the upside, above 1.3028 minor resistance will turn bias neutral and bring recovery. But risk will now remain on the downside as long as 1.3203 resistance holds. [url=http://www.actionforex.com/action-insight/eurchf-outlook/eur%10chf-weekly-outlook-20110219133643/[/url] “small step for man”
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Rank: User Joined: 5/9/2010 Posts: 1,418 Location: Nai
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[quote=hisah]Hmmm... Someone sold a large eurodollar contract - 100k contract for march 90 day euro futures. That's a sizable bet for the euro to decline next month. This might just tempt me to start selling the eur/usd cross again. Something else to note, net spec longs doubled GBP contracts this week. This is hinting to a short eur/gbp trade and long trades in gbp/chf & gbp/jpy pairs. @qw, i'm more bullish on gbp than eur in europe and that is why i never buy the eur apart from the euro debt crisis. This is not to say that gbp is better, all G10 econs are saddled with debt to the neck. So fx this days is about trading between ugly sisters pairings... http://www.zerohedge.com...n%20havenstein/EDH1.jpg[/quote] i know you follow S&P 500 allot and i think there's no stopping this bus. a > 20% rise in the index without e correction LOl ! thats a first....and most of the stocks are pre resesion levels... check-out the link.... http://jutiagroup.com/20...rkets-have-more-upside-–-and-gold-some-uncertainty/?refresh am also bullish on gbp if inflation keeps rising we might see some monetary policy action ( rates) and that good for the currency.....Traders might be factoring in such a move later on bytheway !!!!!! Your future depends on your dreams so go to sleep !
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Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
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wow.. new week. Im bull EURAUD@1,3515 TP 1,3585 SL 1,3460, AUDUSD watchng closely Discipline & sticking to your strategy even when you loosing defines great traders.
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Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
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possibilty that AUDUSD might hit 1,5000 in th medium term if it breaks n holds above 1,2000 Discipline & sticking to your strategy even when you loosing defines great traders.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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@Qw - as long as the global debt continues to inflate, i expect the global markets to plunge badly. The grinding 7 month rally has been on thin volume & extremely overbought. This one wil be a spectacle when the reverse gear is engaged. And that wil hit all markets! So be ready for a $ squeeze while gold & silver break out to new highs. I expect the Irish friday elections to spook the euro going forward coz the new faces are likely to be anti ECB & bank bailout. With growing arabic unrest, i expect brent oil futures to bypass $120 mark! And ERC will have no choice, but to abandon the fuel price control. KQ will break below 40 - down to 30 in the process. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
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EURAUD TP hit @ +60pips, today I'm trading eurusd BEARISH EURUSD@1.3588 TP 1.3518 SL 1.3625 BULLISH USDCHF@ 0.9488 TP 0.9560 SL 0.9440 I will be watching the trade very very closely just in case. Discipline & sticking to your strategy even when you loosing defines great traders.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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@qw - this is fedha aka silver... Anyone trading the euro especially bulls should be aware of 100k eurodollar options sell contract i mentioned above expiring in March. That's a huge sell trade for the bulls to fight.  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 3/12/2010 Posts: 1,199 Location: Eastlander
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[quote=hisah]@qw - this is fedha aka silver... Anyone trading the euro especially bulls should be aware of 100k eurodollar options sell contract i mentioned above expiring in March. That's a huge sell trade for the bulls to fight. @hisah...libyan drama..oil up 500pips jana..what's your take? short euro? ..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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Long on CAD/JPY @ 84.67, SL 84.49. No TP, will attempt to trail the trade if it turns successful Looking to go short on EUR/CHF. “small step for man”
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Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
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@Ceinz CADJPY BULL what a trade I'm sure we will make some beautiful pips ryt there. I'm in!!!!!!!! BULL CADJPY @ 84.55 TP 85.75 SL 84.25 Discipline & sticking to your strategy even when you loosing defines great traders.
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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@ fxtech, my SL was hit, dollar strengthening across the board seems to have taken a toll on the loonie. Hope your trade turns successfull. “small step for man”
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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Short on EUR/CHF @ 1.2828, SL 1.2845. Looking to trail the trade. “small step for man”
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Rank: Veteran Joined: 5/24/2010 Posts: 846 Location: KENYA
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The Merchant wrote:TRADE: SELL EUR/CHF @ 1.30610 TIME: 2030H NAIROBI SL & TP: -30,+30 TIME FRAME: 1D INDICATORS: ICHIMOKU, MACD,BBs Long overdue update: Bagged 31.5 pips REASON: Stuck to strategy MOVING FORWARD: Will continue sticking to trading discipline and hopefully make more pips. MORE UPDATES COMING UP SOON!!
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Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
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SHORT EURAUD@1.3670 TP 1.3610 SL 1.3690 LONG AUDCAD @0.9930 TP 0.9990 SL 0.9900 LONG NZDUSD@0.7481 TP 0.7545 SL 0.7440 Discipline & sticking to your strategy even when you loosing defines great traders.
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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Long positions entered on EUR/USD @ 1.3766 SL 1.3740, & EUR/JPY @ 112.66 SL 112.16, TP 113.15 “small step for man”
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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ProverB wrote:[quote=hisah]@qw - this is fedha aka silver... Anyone trading the euro especially bulls should be aware of 100k eurodollar options sell contract i mentioned above expiring in March. That's a huge sell trade for the bulls to fight.
@hisah...libyan drama..oil up 500pips jana..what's your take? short euro? $120 oil price is in scope and if the unrests reach the house of saud, the $150 high of 2008 will be easily surpassed! I like the oil moves since they'll expose the phony global economy recovery story being sold by the 1st world governments since 2009 while the too big to fail (TBTF) global financial institution are still practicing the same fraudulent games. It'll be painful since food will equally inflate in the same measure, but we have to pay for our sins. So will the common man pay for the sins of others as is always the case or will the common man finally wake up and kick out fraudulent governments and their supporting money honchos...?
As for the euro, as long as that huge eurodollar contract is still active with a strike price of 1.2900 for March 18th, it means someone knows something to bet the house on such a fall. Tomorrow is Irish election, we will know the outcome over the weekend. The likely winners have already voiced their anti-ECB and guaranteed bank bailout behaviours. Eurozone is still a debt bomb zone. I'd rather buy euro stocks than stay in that euro currency.So in short, I'm a euro bear and have been so since Dec 2009 when Greece put up the distress signal. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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