friendly reminder
Started by
TMN
, Feb 08 2010 06:19 PM
4 replies to this topic
#1
TMN
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Posted 08 February 2010 - 06:19 PM
doesn't score a new high above 1.0781 the sell off is very likely to be over for now
#2
souelle6
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Posted 08 February 2010 - 07:24 PM
doesn't score a new high above 1.0781 the sell off is very likely to be over for now
maxter... I am constantly trading this cross... Do you have an opinion on the ST, MT trend & support, resistance or pivotal points
"It's not the thinkin' that makes the money, it's the sittin' and waitin' that makes the money" -- J.L
#3
TMN
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Posted 08 February 2010 - 07:31 PM
doesn't score a new high above 1.0781 the sell off is very likely to be over for now
maxter... I am constantly trading this cross... Do you have an opinion on the ST, MT trend & support, resistance or pivotal points
if 1.0781 gets taken out i believe we will have seen the lows for quite a while...
#4
Islander
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Posted 08 February 2010 - 09:34 PM
I trade is pair (and others too) and I think arbitrary technical limits are unwise. 1.0781 is not a line in the sand.
The USD is getting forced up by a flight to "quality" that may go on for quite a while.
Then look at crosses in other strong pairs; the potential building up in the FXE and FXY could be explosive.
We are living in a turbulent debt market with only currencies able to respond in the short run, longer term the equities could be badly hurt.
Best, Islander
#5
TMN
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Posted 09 February 2010 - 04:32 AM
I trade is pair (and others too) and I think arbitrary technical limits are unwise. 1.0781 is not a line in the sand.
The USD is getting forced up by a flight to "quality" that may go on for quite a while.
Then look at crosses in other strong pairs; the potential building up in the FXE and FXY could be explosive.
We are living in a turbulent debt market with only currencies able to respond in the short run, longer term the equities could be badly hurt.
Best, Islander
i don't trade ccy etf's, fxe and fxy mean basically ntg to me.
call it arbitrary, fine with me. i can only say that i will be heavily short spx when usdcad is trading above 1.0781
