Posted:
#1
have GBP/USD breaking above the resistance on the weekly/daily/etc. gonna look for it to come down a bit then go long... i see it going way up, like you said wall, 1.74
AUGUST FOREX
Posted:
#3
Quote Originally Posted by KOAJ:
usd is taking a nice dump tonight. interesting follow through from friday
usd is taking a nice dump tonight. interesting follow through from friday
Against which counter pair?
$/Yen is flat
$/LB is down a small ammt
$/EU is up
$/AUD is flat
$/CAD is up
Looks like the $$$ is down against one pair and up against a few, looks like a flat trade so far.
pop, since the market SHOULD go up into Labor Day, that would mean the LB is a good trade, and even better might be the LB.Yen since the risk trade goes stronger against the Yen than the $$$
Posted:
#4
good to hear abt your market thoughts... im waiting for a good entry in gbp/usd based on my supports/resitance, but it gives me some extra confidence hearing that. basically see a lot of USD weakness coming if all the levels I have break.
im waiting on a bunch of USD pairs to break the near support/resistance or to go back, retest, and then show a new fresh signal (as in gbp/usd). plus i'm a little wary of buying when the indicators are showing oversold
Posted:
#6
Quote Originally Posted by popinjay:
waiting to get in when they come down, but they just keep on going up
Well lets see if the US markets keep up today, these pairs are severely overbought..
RSI over 70 on a 4 hr for the LB.US pair, CCI at 113, ADX at 53, -DI at 4, cannot go much lower.
The AU.US is similar, -DI down to 2.
Markets starting to soften here, we might see a reversal today.
Posted:
#9
Yeah thats a basket..
You are correct now, that is for sure..with the market keeping humming the risk trade is into currencies like the AU and the LB and the EU and out of the lower yielding currencies like the USD and the Yen.
The dollar move is 90% a function of the market since as we have discussed in the past, most if not ALL other economies are in the same boat fiscally.
Market up, USD down, market down USD up. That has been the correlation for a year, if you can find a year chart, overlay it versus the SPX.
You are correct now, that is for sure..with the market keeping humming the risk trade is into currencies like the AU and the LB and the EU and out of the lower yielding currencies like the USD and the Yen.
The dollar move is 90% a function of the market since as we have discussed in the past, most if not ALL other economies are in the same boat fiscally.
Market up, USD down, market down USD up. That has been the correlation for a year, if you can find a year chart, overlay it versus the SPX.
Posted:
#12
Whats up guys......got my clock cleaned on that CAD trade...i bailed when 1.10 didnt hold and then rode it down to 1.08...several sites liked Cad to fall to at least 1.0750 area.....videos and charts are put up daily over at dailyfx.com for free dont forget
they also have a section where they all pick pairs to watch every week and then they have the forums as well
they also have a section where they all pick pairs to watch every week and then they have the forums as wellIm working a funky sched right now but ive been getting home around 730 am so at least ive been able to make some trades..hoping there are some good 8am signals again this week
Posted:
#13
wall you could also say...ben printing, usd down, market up, bonds up, yields down
money is being printed left and right to prop up the markets and keep rates down
at the expense of the dollar...i just wish they would stop. we'll never get out of this mess if they dont stop with this
was reading on a msg board that the Treasury will need to sell 3.3T in bonds in the next 6 months due to Treasury borrowing and about 2T in short term notes maturing. scary
money is being printed left and right to prop up the markets and keep rates down
at the expense of the dollar...i just wish they would stop. we'll never get out of this mess if they dont stop with this
was reading on a msg board that the Treasury will need to sell 3.3T in bonds in the next 6 months due to Treasury borrowing and about 2T in short term notes maturing. scary
Posted:
#14
Well GBP was good for a sell....you could see the ADX DMI cross coming i couldnt pull the trigger though......getting an ADX DMI cross in EUR/USD right now,gonna try my luck here and set a sell order for 1.4410 going for 25 pips
Looks like there could be some signals for 8am hope this trade is a quick one
Posted:
#17
Quote Originally Posted by KOAJ:
it blows my mind...i guess the rest of the world is screwed worse than us (so says the currency trades)
it blows my mind...i guess the rest of the world is screwed worse than us (so says the currency trades)
Finally..that has been my point for ages.
You cannot judge our activities alone and make assumptions, you have to judge what we do in relation to other currencies. So yeah you are right, if we were the only country that was floating and expanding then sure our currency would be smacked much more than it is..say similiar to Brasil or Mexico in the past (countries with monetary issues while the rest of the world did not have such issues).
I actually think as history shows, we will probably emerge sooner than other countries from this mess since we started sooner. We always seem to be in front of the world in regards to economic ebbs and flows..so we should come out of this mess (I dont know when that will be) and the other economies/countries will still be in the mess that they are and the USD will probably perform better going forward relative to other currencies.
Posted:
#18
Walli passed out around 7am so i only got the one trade in but ill take it...ill be back in the am when i get off,not sure if it will be as early as today but ill be here
i passed out around 7am so i only got the one trade in but ill take it...ill be back in the am when i get off,not sure if it will be as early as today but ill be hereI havent been able to be around as much with the kids not in school.....the little ones will keep you busy,no doubt....work has kept me away as well but it looks as though we might start slowing down some here....my boss was telling me he bid on a bunch of work for next few months and got under bid by 20% or better on most of it
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Posted:
#21
Was it a real tight stop?
Huge move in that pair over the last month..from 89 to 79 to 89.
Thats a 2k move in two months.
Interesting feel out there, it doesnt feel like these pairs want to go down, they are down because of the US markets, not because of real selling or a change in sentiment.
Huge move in that pair over the last month..from 89 to 79 to 89.
Thats a 2k move in two months.
Interesting feel out there, it doesnt feel like these pairs want to go down, they are down because of the US markets, not because of real selling or a change in sentiment.
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