Forex july dollar in the dog house edition

joined the party @ 129 short eur/usd 

Man they are supporting the hell out of this market..

Huge late move again just like yesterday, buy those futures..

I agree 131 will be the top but i dont know if it can push up to there from here..daily chart RSI now over 70...highest since October.....

I thought for sure all the risk wouldve topped out yesterday..GL fellas

buck no way options expire tomorrow they are making sure all the puts bought the past weeks expire worthless. then the drop will occur. I closed my short @ 129.20 losing 20 pips but i think i might get a btter price tomorrow on it. 

i thought they would buy the market up to end the day. i think tomorrow we will get to 10500 on the dow.  what im wondering is next week, will they continue the buying at a slow pace say 30 points up daily to get people used to the market being a great place again or will the game end abruptly. 

i think they'll continue the slow pace into next week to try to capitulate the shorts and set the market fears at ease. but im getting itchy to buy some short eft's FAZ and SMN namely 

Looking at a chart we could see 10590[high 6/21]

hmmm the 100 day moving average 129.20 on the euro broke today and it seems like the price is being supported here at it. Maybe a great place to go long tonight. theirs not much res until 130 area and todays high. gonna have to look into this 

taking a shot here 129.22 long euro/usd  gonna see if the nikkei can ramp up some risk taking. 

loading up extra lots. i think they wanna run the euro harder today. tomorrow should be an up day in the usm 

buck,

I have no idea what is going on with this CHF, it goes beyond risk on or off, they have dropped it 1200 pips in what less than a month?

At some point the Swiss just might want to slow this down before it hits PAR again?

bailed on eur. no harm done. jumped on to gbp/jpy long here. loks like its touched lower trendline on 1 hr charts and the usd/jpy is @ 87 if that goes down so will gbp/jpy too. 

Wall it certainly looks like it wants to go lower..and Par is next target w/o much real support until 98s theres some 101 but it wont hold..theres no way to guess which way its going as its dropped while the market was down and up...i havent checked the SSI reading but im sure its heavy to the buy side now with this drop...i hope it turns soon,daily oversold and weekly all the way down to 37...monthly had a cross lower to close last month so this is the result

I mentioned 131 in EU a few weeks ago,actually it was my brothers call,i just didnt think it would be now...kinda seems like it has to go there now since we are only 100 pips away

I missed the big drop, could have bagged 200 pips on the Lb short..and I am noticing the Euro is relatively strong, how funny that sentiment has completely reversed in such a short period of time.

markets open...some USD strength and Yen strength..nothing dramatic.

short the gbp/jpy here 132.70 think the futsee and usm will be negative soo lets see some risk taken off and the yen strengthen ill be a happy camper in the morning. really didnt think the gbp would stay this low friday but the usd/jpy has broken downward and i think many are trying to pick a bottom on gbp/jpy here. 

hows forex trading going thi smonth?  thinkin bout gettin in

Its always good...open a practice account to get your feet wet

Im really getting frustrated with the risk pairs they are not following risk on and off at all it seems. 

well gotta  100 pips outta shorting gbp/jpy this morning but im not happy i didnt put a order to go long this morning and my price entry would been awesome 131.55 

So did anyone catch why we moved almost 200 pts off the low since this morning?

walls i was just thinking the same thing. i checked yahoo to see where the dow was and was like WTF low of day 10,007 high 10,192 current 10,1077 .  are these guys serious ??

Was the GS #s Wall?

 

Nah..look at the intra-day chart of GS, they were down early on and reversed with everything else.

I found it interesting that Goldman was naked short the VXX, they took client orders and did not cover themselves and it cost them big time in the quarter.

Talk about some cocky suckers, Goldman thinks they know the markets good enough to not hedge against client orders.

somebody has to lose money..makes me feel better anyway...

Ill never get out of these trades.,..$%^*ing UNREAL...but $/CHF held its ground even though they ran the market so i think thats a good sign