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Posts by "pippedoff"

1087 Posts by Anonymous "pippedoff":
PippedOff
Canada
Posted Anonymously
14 years ago
Feb 19, 2010 16:02
@Callum-The IMT just posted states USDJPY eyes 91.40. Don't know what to make of it.

What you cut and paste regarding the pair Ashraf is on record as stating that was nullified by breach of 90.21.

PippedOff
Canada
Posted Anonymously
14 years ago
Feb 19, 2010 2:43
Too many WEATHERMAN ANALYSTS now pounding the table for lower everything vs USD. Where have they been?
PippedOff
Canada
Posted Anonymously
14 years ago
Feb 19, 2010 2:40
I have booked all my profits.

Thank you PPT and RBA.

I have never thought the FED will raise the Fed Funds Rate this year. And I still don't. Markets are overreacting. I will be shorting on the rally back.
PippedOff
Canada
Posted Anonymously
14 years ago
Feb 18, 2010 21:22
PPT = Plunge Protection Team, a dubious consortium put together to arrest declines in u.S. equities, and restore order and confidence by deceiving the general public into believing it is "safe" to put their hard-earned money to work in rat-infested markets such as the U.S. stock market.
PippedOff
Canada
Posted Anonymously
14 years ago
Feb 18, 2010 21:20
USDJPY failed 91.50, and just dropped 12 pips as soon as the PPT-backed U.S. equity rally ran out of time into the 4 pm NYT close. I guess the SMART $$ is planning for a reversal in equities, possibly as soon as in the next Tokyo (Nikkei) and European sessions.

Let's see if the RBA is right back at it, instructing their prop desks to bid AUDUSD higher at ALL costs.

PippedOff
Canada
Posted Anonymously
14 years ago
Feb 18, 2010 21:13
@Pipped-welcome to the forum. Are you appearing under a different handle? And very similar to my handle.

Anyway, I am in USDCAD at only nine pips higher than you. I closed a substantial position earlier today at 1.0588. Wasn't sure I could get back in, especially at these prices. However, there is still a chance of 1.0375/50 here as the PPT-backed nonstop U.S. equity rally has accomplished its task of making everyone feel good so as to take more and more risk in trading.

1.0850? Heck no-why not 1.1000-just make it nice and round!

Just need oil to head back to the mid-60s where it was going before the PPT stepped in to save DOW 10,000, and instill confidence (to lose more money) into Mr. and Mrs. Jones. Poor saps, fall for it everytime.

The one caveat and warning is I have seen in the past where the PPT "saves" the market, then it just explodes upward in momentum and short-covering. I am a bit nervous with the relatively "small" but consistent gains in equities. Sometimes these lead to large "pops" in the same direction, leading to exhaustion of the short-covering rally, nd a sharp and sudden reversal back into th impulse direction.

So keep plenty of powder available in the accounts...

PippedOff
Canada
Posted Anonymously
14 years ago
Feb 18, 2010 21:06
I am expecting the Cable Cartel to reappear and start offering EURGBP to the world again soon. Very bearish for euro, neutral for GBPUSD. I only have a very small short in GBPUSD because of this, and a little larger short in euro.
PippedOff
Canada
Posted Anonymously
14 years ago
Feb 18, 2010 21:02
We are at A MOMENT OF TRUTH for the usdx rally, butting up against resistance even with the mindless PPT-backed equity rally.

Just imagine, JUST IMAGINE what happens to pairs like USDJPY and AUDUSD when euity tides change and start to decline.

Yup, you guessed it-DESTRUCTION!
PippedOff
Canada
Posted Anonymously
14 years ago
Feb 18, 2010 20:59
Anything is possible-but your asking for a 200-pip decline in two days in what has been the strongest counter-usd rally pair out there.

I DO NOT expect theNikkei and European bourses to follow suit of the PPT-backed U.S. equity rally today. I have limit orders to close Aussie at 0.8956 on a position trade.
PippedOff
Canada
Posted Anonymously
14 years ago
Feb 18, 2010 20:51
Trying to get more Gold off at 1124.1. COME ON PPT-do your thing!! PPT is shameless!