Posts by "rkkashmir"

Said, IM = instant messaging (so we don't clutter up the forum).

Have you read Ashraf's report on EUR target of 1.39? I'm hoping the 'money makers" use their eur.gbp boy toy once again to mindlessly bid eur.usd to mid 1.44s, where I will add to my short position. The would do this to run stops on eur.usd shorts. Seems to happen every day early in the European session, which is 9-10 hours away still.

Said,

These are the best forums I have come across, Ashraf is certainly at or near the top FX Analysts as far as I am concerned.

Let's work together to make some $$$. My positions are short EUR and long USD/JPY nas I am taking advantage of the sharp USD/JPY pullback do to the repatriations in yesterdays market.

Said,

I agree with your assesment. My point is there was NO fundamental reason for the 400 pip explosion in GBP last week, nor for EUR to rally to 1.4475 last night. Although long term I am not particularly bullish on $USD, in short term I am.

The "perception" is that the FED will raise rates sooner than later, hence the strengthening in USD first quarter of 2010. However, I personally do not believe the FED will raise rates until late 2010, if that. The reason? They know (along with the PPT) that if rates are raised, say goodbye to the U.S. Stock Market. And all they care about are stock prices 'cuz they have the public duped into believing a recovery is on the way because stock prices are higher. However, the missing piece to the puzzle is stock prices are only higher because of PPT intervention. Stocks rose 60 plus % from their lows in a very short term. The market is about to tip over and go down again. When this happens, people will flood into the USD.

To have a legit shot at recovery, the unemployment numbers MUST start bering reduced. a levelling off is NOT good enough. A levelling off will only represent a stabilization in the economy. No reason for stocks to be 60% higher. The NFP number will on Friday will show exactly this, "stabilization" in the unemployment rate. This will be construed short term as USD positive.

Ride the USD train for a month, then reassess. In the meantime, any manipulation higher of GBP and EUR should be used to establish (additional) shorts). And manipulation is the only reeason these two twins rise these days.

Xaron,

Unfortunately what most traders "say" and what most traders "do" have little correlation. Just the same as fundamental analysts, who are always late to the party because they cannot/don't know how/refuse to understand even a shred of technical analysis.

In the micro-short term, markets move in wierd and inexplainable ways. USD strengthening against CHF and weakening against JPY? Simply market-makers moving the Jell-O around the plate running stops.

Because of the leverage in FX, sometimes it is harder to see through these forests and hold a position "longer" term in order for the trade/position to work out.

Just look at the lovefest with GBP last week. Simply astonishing the near 400 pip in one-trading move up which was orchestrated by the "money'takers". Now come on, there is absolutely ZERO fundamental reasons to be long GBP, yet they used their boy to EUR/GBP to run stops and wreak a one-day storm on the GBP shorters.

Amazing action in early Europe session. Bull-trap in EUR/USD has bulls caught long and wrong. So they are desperately supporting EUR/USD through their BOY TOY EUR/GBP, pounding it to higher highs trying to shake of the pending and dooming resumption of fall of EUR/USD. They are so desperate short-term to support EUR/USD that they are crushing last weeks Playmate of the Week GBP/USD. How quickly they forget when all they do is move the Jell-o from one pair to the other.

What is truly amaqzing in their quest to support EUR.USD is even a sgarp pullback in AUD and NZD won't deter the EUR/USD longs from using tgheir boy toy EUR.GBP to suppoort their beloved EUR/USD long they overpaid for. Instead of simply throwing in the towel, admitting they were wrong goign long EUR/USD, and closing their position for a small profit, they are hell-bent on showing the world they can manipulate EUR/USD into defying gravity through the use of their BOY TOY EUR/GBP.