Forum > View Topic (Hot-Chart)
by Ashraf Laidi
Posted: Dec 11, 2009 0:10
Comments: 198
View Hot-Chart
This thread was started in response to the Hot-Chart:

Euro's Third Down Leg

 
said
mulhouse, France
Posts: 2822
15 years ago
Jan 6, 2010 0:36
kashmir
91.76 if its broken that invalidate my scenario for 91.25
rkkashmir
Posted Anonymously
15 years ago
Jan 6, 2010 0:28
Said,

Is that you turning the lights out on your good friend eur/usd here in the Asian session?
said
mulhouse, France
Posts: 2822
15 years ago
Jan 5, 2010 23:50
WELL KASHMIR

if u plan to add at 91.20 for ur long position mind to limit your profit at 50 60 pips for the lower bound and for the higher bound 140 pips
in case ur strategy works out.
rkkashmir
Posted Anonymously
15 years ago
Jan 5, 2010 23:33
Said,

Well said (no pun intended), lol!

Yen "strengthening" is simply a matter of usd.jpy being a bit overextended, and the repatriation mentioned previously. usd.jpy merely consolidating it's gains from the last month. It has a good two more months of "upward" movement to go yet.

Looks like eur and gbp taking it a bit on the chin here in early asia. The question for today is: will "they" put everything they have into it again to support eur and gbp during the European session. Pateern has been to run those two during during the entire European session until about 5:00 new york time. Then the run gets undone.

I always keep some powder ready in case the "money makers" decide to use a boy toy and run stops as they have repeatedly on eur and gpd. It is documented somewhere in this forum I faded the mindless eur rally at 1.4470 yesterday.

Worked like a charm. My long usd/jpy is langusishing, but I am giving it time to consolidate it's gains for the next leg up. I am hoping NOT to see the 91.20 you state, but should it hit, I will be adding to my long position, then start position trading against my initial position.
said
France
Posted Anonymously
15 years ago
Jan 5, 2010 23:17
KASHMIR,
AT YEAR END MOST OF THE TIME PEOPLE ARE CASHING THEIR PROFIT; ITS UNUASUAL TO HAVE FRESH MONEY INJECTION EXCEPTED WHEN WE DONT UNDERSTAND THIS MARKET FUNDAMENTAL;
PRICE PATTERN FOR THE DOW ARE SHOWING A NEXT WAVES IN ELLIOTT WAVES COUNTING. WOULD THAT BE AN EXTENDED WAVES ITS TOO EARLY TO TALK ABOUT
THE INTERVENTION OF THE MARKET INTERVENANT WITHIN THIS DAYS IS QUITE UNDERSTANDEABLE BECAUSE THEY HAVENT MET ANY RESISTANCE
FURTHERMORE THEY PROFITED OF THIS MOMENTS TO LAUNCH FINANCING PROGRAMS EXECUTION.

91.25 FOR YEN STRENGHNING

SAID
rkkashmir
Posted Anonymously
15 years ago
Jan 5, 2010 23:04
Said

So far no repatriation in jpy in Asia, but it is early. In fact, usd/jpy has actually risen so far in Asian session.

If there is no repatriation in Asia today, USD will start rallying big time. And there wont be much the "money makers" can do to support GBP or EUR.

I agree with "speculator" and Ashraf, it's rally time for USD and nosedive time for EUR and GBP. They ran their stops and had their fun for two days. Not even their BOY TOY eur/gbp can save now!
said
mulhouse, France
Posts: 2822
15 years ago
Jan 5, 2010 22:30
KASHMIR

BIG BOY TOY ARE BACK
said
mulhouse, France
Posts: 2822
15 years ago
Jan 5, 2010 22:11
KASHMIR
HOW DO I GET IM?
I HAVENOT READ ASHRAF ARTICLE ON EURUSD BUT I HESITATE BETWEEN TWO PATTERN FOR THE EURUSD PAIR. I'LL HAVE TO WAIT FOR A CONFIRMATION LEVEL.
speculator
Posted Anonymously
15 years ago
Jan 5, 2010 21:48
guys beware we are in a dollar bull for now. dxy targetting 80 pretty soon.
rkkashmir
Posted Anonymously
15 years ago
Jan 5, 2010 21:42
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.