Posted:
#26
Quote Originally Posted by bucknuts:
Hey guys just got in a sell of EUR/GBP
92903.....looking for 15 pips
That is a TOUGH trade...very very strong since middle Sept.
Wake me up when September ends...FOREX
still like the 4hr though so i will check it again in an hr or so b4 i go to bed
Posted:
#38
Your short looks nice Rick the DMIs crossed and it shot up to 9020 and now the DMIs are setting up to cross again with +DMI going down.....what was your entry point?
Missed a cross in GBP...good +130 pips....how about the drop in CAD last 8 days 1.096 to 1.026........
forexinsider called for a break of 1.05 when it was 1.085......i dont like anything in the USD pairs right now ill look around 8pm and see if there are some changes
forexinsider called for a break of 1.05 when it was 1.085......i dont like anything in the USD pairs right now ill look around 8pm and see if there are some changes
Posted:
#39
Yeah I dont like trying to pick the bottom on the DOG USD here, there will be a time when you will make a FORTUNE going long the USD, and there will be time to get in too..it will be a massive move higher and it will crush the shorts..
So the EU.LB? Yeah that has been on a major tear too..I would rather wait for a top confirm before I went short..the LB is very very weak lately.
So the EU.LB? Yeah that has been on a major tear too..I would rather wait for a top confirm before I went short..the LB is very very weak lately.
Posted:
#41
Quote Originally Posted by bucknuts:
Taking a shot on a sell of GBP........DMIs look as though they could cross again here....lines setting up just like JPY here.......in at 1.59267
FYI...
The market is going to be up tomorrow barring some cruddy earnings releases in the morning, thus the LB should be up too.
Posted:
#43
I still dont like anything...tempted to enter a long on USD/JPY just because of where its at.8940..wish i had checked all the other pairs when i got in had some crosses come through in several NZD pairs USD the only one that didnt cross on the chart....
Im going to bed now might try to get up at 3:30 to check the charts again
Posted:
#45
Not a currency trader, but it would seem to me the dollar has to be getting close to a low. How low, if it is not, do you think it can get? Has to be a crowded anti dollar trade ...
I like the currencies backed by ores or oil or both (Canada and Aussie dollar)...how well have they done vs the USD year to date?
(PS Ignore that question if it is too freaking dull....)
I like the currencies backed by ores or oil or both (Canada and Aussie dollar)...how well have they done vs the USD year to date?
(PS Ignore that question if it is too freaking dull....)
Posted:
#47
vermeer looking at the usd vs. cad, it was within 205 pips of being equal.
pretty much an up day across the board, I think the lack of any real news next week, and the lack of reports could send it right back down.
wait and see
Like wall said , if there is a continued rally, it could be worth some real $
pretty much an up day across the board, I think the lack of any real news next week, and the lack of reports could send it right back down.
wait and see
Like wall said , if there is a continued rally, it could be worth some real $
Posted:
#48
Vermeer,
No stupid questions..its a good one.
The commodity counter pair is the CDN or even more the AUD.
Its all about a yield trade..the AUD pays a higher yield so the traders are shorting the no yield currency (mainly the USD) and going long the better yield, and they make a ROR off the yield and pay for it by shorting the USD.
I really think there will be a HUGE USD move once the FED raises rates..even the SNIFF that it could happen will crush the shorts and it will be a big time move, especially against weaker counters like the CDN, the LB and the AUD.
No stupid questions..its a good one.
The commodity counter pair is the CDN or even more the AUD.
Its all about a yield trade..the AUD pays a higher yield so the traders are shorting the no yield currency (mainly the USD) and going long the better yield, and they make a ROR off the yield and pay for it by shorting the USD.
I really think there will be a HUGE USD move once the FED raises rates..even the SNIFF that it could happen will crush the shorts and it will be a big time move, especially against weaker counters like the CDN, the LB and the AUD.
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