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Author: [Investments] Topic: April forex is for fools addition
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#76
Posted: 9/25/2012 11:41:18 PM
I'm waiting for a shoe to drop like Spain or Greece again..

1.25 is what I am looking for..and I can wait it out.

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#77
Posted: 10/1/2012 12:57:39 PM

It looks like the pairs are setting up for a trade late week..Eu about to cross to the up side on daily...Chf crossing lower

All the charts times are conflicting tthough EU 4 hr looks tired fighting with some MAs in the low 1.29s...the daily on the other hand has climbed above the SMA 25 which sits at 1.2881 and looks poised for a Dmi cross up...if this cross is rejected we will get ur price Wall for sure,i can see it falling to 1.2430s..either way there will be a trade to the flip side after

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#78
Posted: 10/1/2012 1:04:24 PM
buck,

How can the CHF be crossing lower and the EU higher? The CHF is pretty much pegged to the EU?

That theoretically doesnt make sense to me..
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#79
Posted: 10/2/2012 2:49:10 AM

thats how it been for some time isnt it?I was stuck in CHF while Eu was running..im just looking at the chart...both have crossed but not confirmed yet

Looks like Eu headed to 1.31 and Chf down to low 92s...like i said though the pairs need to close a few more candles to get a handle on direction they could easily reverse

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#80
Posted: 10/2/2012 3:07:56 AM

Im talking about Eu/US and US/CHF...looking back on the monthly ive had opposite crosses like this at least the last 4 yrs...

had buy cross for CHF 3/1/08 just as EU was topping out..Chf then went for 96 to 1.22....EU went from 1.57 to 1.22

had sell cross in CHF 1/6/10 and buy cross in EU at the same time...CHF wet from 1.17 to 70 EU went from 1.18 to 1.49

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#81
Posted: 10/2/2012 3:33:06 AM

sorry bout the spelling errors its late and i had some wine with the wife watching our teams play tonight...shes a Cowboys fan...bought the wife some of the "DREAMING TREE" crap Dave Matthews has his hand in wine business and its awful.ive had better out of a box..ill let you read over those posts and reply...see ya tomorrow

BEAR DOWN

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#82
Posted: 10/3/2012 10:02:43 PM

Well the pairs havent moved much at all..im not on the laptop with my chart package ill check em when i get off tomorrow...Wall did you look over the charts i was talkn about?

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#83
Posted: 10/3/2012 11:28:49 PM
I just cannot theoretically trade since the CHF is pegged to the Euro..so if the EU I am short I would short the CHF..not sure I would trust any longer chart than one which encompasses 6 months max on those two..
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#84
Posted: 10/4/2012 3:10:49 PM
Buying usd/chf is kinda like shorting it...I was just saying when Eu strength tires out the other might b ready..from the look of the chart that ain't happening
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#85
Posted: 10/4/2012 9:21:49 PM

Looks like i shouldve just traded the moves i thought would set something up late week coulda sold Chf  9430s or bought EU in 1.2880s...on some odd hrs this week night shift two days next week but thats all i have  on schedule so i hope to be able to get more chart time...

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#86
Posted: 10/9/2012 9:03:53 PM
Any new positions buck?

The more I see regarding Europe and the US the more I am confident this position turns strongly positive, maybe 1.25 is too early for a buy cover..
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#87
Posted: 10/10/2012 7:39:26 PM
I don't like anything right now...I shoulda jumped in a shrt again on Fri in the mid 1.3os..hoping something pops here but I might just b stuck watching this week
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#88
Posted: 10/17/2012 3:38:56 AM

EU back over 1.31 im gonna shrt it here..i think we could see it run a bit more but it wont have a long leash..i think it stops shrt of 1.32 ..im still keeping odd hrs though so i set a limit for 100 but will remove when i wake up just in case we can squeeze some more pips from it

 

 

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#89
Posted: 10/17/2012 11:08:29 AM
The Euro has more to do with risk on than anything else..you can pretty much overlay the chart of the Euro with the chart of the S&P lately.


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#90
Posted: 10/17/2012 1:37:38 PM

Im just doing what the chart says...i dont think it will run that far above 1.3160s but didnt want to take the chance on missing an entry and ending up not trading this week..seems like theyve all been in the same range since my last trade..

Eu approaching 1.32 and CHF back to to 92 the same area i called out a few weeks back...

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#91
Posted: 10/17/2012 2:25:12 PM
QUOTE Originally Posted by bucknuts:

Im just doing what the chart says...i dont think it will run that far above 1.3160s but didnt want to take the chance on missing an entry and ending up not trading this week..seems like theyve all been in the same range since my last trade..

Eu approaching 1.32 and CHF back to to 92 the same area i called out a few weeks back...


I read you wrong initially..

You meant sell the USD.CHF, which is the same as going long the EU.USD.

Since both are tied together all you need to do is overlay the charts and see they are trading in tandem..just figure out which one gives you more return and go with it versus trading both of them..you are doing the same thing going short the US.CHF and long the EU.US.

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#92
Posted: 10/17/2012 4:17:21 PM
I figured you knew what I meant...
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#93
Posted: 10/19/2012 7:34:22 AM
You think EU holds onto 1.30 today?
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#94
Posted: 10/19/2012 10:57:47 AM
1.3019 Todays low...if I can get 125 pips I will close this trade today
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#95
Posted: 10/19/2012 11:07:47 AM
buck,

Long term no, short term if the US market runs off the lows for sure yes.


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#96
Posted: 10/23/2012 10:47:01 AM
whats your target Wall?1.25??
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#97
Posted: 10/23/2012 11:30:44 AM
Yeah or lower.

If the USM comes in or the reality of Europe comes around, 1.25 might be too soon to cover.

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#98
Posted: 11/5/2012 2:05:42 PM
Greece votes this week..its either down to ur exit price or back up to 1.29s
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#99
Posted: 11/5/2012 2:09:59 PM
buck,

I was going to ask whats up with you today..

Given how bonds are trading for MANY of these Euro groupies I dont see how the Euro stays above 1.20 honestly.

I read that Spain might have margin calls on their banks, Portugal bonds being sold for 10 straight days, Greece teetering..how the Euro is above par is beyond me.
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#100
Posted: 11/7/2012 3:07:23 PM
Yeah I haven't been tempted enough to pull the trigger on a trade lately..was eyeballn cad but I missed it...Eu pushed up to 1.2870s shoulda sold there just couldn't do it..ill find one worthy enough to jump in eventually
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