Any insights would be helpful...
Any1 care to offer thts on currency moves today?
Started by
Om_Namah_Shivay
, Jul 15 2010 10:14 AM
5 replies to this topic
#1
Om_Namah_Shivay
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Posted 15 July 2010 - 10:14 AM
Know the DIFFERENCE between WINNING and WINNINGS; One is KARMA and One is EGO!!!
www.bubbleshort.blogspot.in My Blog with focus on markets and "Act" of trading
www.bubbleshort.blogspot.in My Blog with focus on markets and "Act" of trading
#2
porsche911sg
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Posted 15 July 2010 - 10:18 AM
Please treat them INDEPENDENTLYAny insights would be helpful...
you can make money if everytime the moves corelate every trader thinks that way and we are going to be rich if they work all time.
I trade the euro but i dont trade the spx based on euro moves. If i do i am going to lose money. It cant be done you really need to use TA to make money.
The big move in euro was due to spains well recieved bond issues.
Edited by porsche911sg, 15 July 2010 - 10:20 AM.
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!
#3
SilentOne
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Posted 15 July 2010 - 10:47 AM
Any insights would be helpful...
The Euro has made an 18 month bottom here in June, but I think it may be a 4.5 and 9 year cycle low as well.
Look to whatever fundamentals you can find for the Euro, shorting this currency is not a great trade other than short term stuff. If the 4.5 and 9 year cycle lows are in, then the USD is in for a rough ride.
http://www.traders-t...?...=119750&hl=
cheers,
john
Edited by SilentOne, 15 July 2010 - 10:48 AM.
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
#4
MikeyG
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Posted 15 July 2010 - 11:00 AM
Any insights would be helpful...
P is right about the bond auction...euro not a good proxy for risk right now as it has gotten beaten up petty bad over the past few months....
#5
MikeyG
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Posted 15 July 2010 - 11:06 AM
Look to Yen cross currencies to give you a better indication right now....
After the G20 meetings US was the main one willing to trash it's currency for growth, while others were more concerned with debt...
I think USD rallies again but you will have to ask the Spooky one of when!!!
My guess is soon as I posted Euro next target is 1.30 awhile back, look for a pause there...
#6
porsche911sg
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Posted 15 July 2010 - 11:19 AM
yup.Look to Yen cross currencies to give you a better indication right now....
After the G20 meetings US was the main one willing to trash it's currency for growth, while others were more concerned with debt...
I think USD rallies again but you will have to ask the Spooky one of when!!!
My guess is soon as I posted Euro next target is 1.30 awhile back, look for a pause there...
look at the multi year chart 1.31 is the usual resistance
http://www.forexchar...rusd-chart.html. its a live chart
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!
