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Maxsmart replied Aug 19, 2010look at the current prices and we can talk now lol. As I said it is not always the case. But you need to have the mind to interpret news. Which you obviously dont when you were expecting bad unemployment to weaken the USD. During normal market ...
EURUSD
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Maxsmart replied Aug 19, 2010Okay Sissy — What just happned. Extrememely bad FED manufacturing index came in. Initial knee jerk reaction- sell dollar from the crazy people. Because fundamentally that means the U.S. has a weak economy right? Final reaction- negative stock ...
EURUSD
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Maxsmart replied Aug 19, 2010Yes I'm sure. It's been that way for the last 2 years with risk aversion ruling the market. Ask any CTA. In normal market conditions that is not the case. But obviously since 2008. Since the euro topped out at 1.60 and dollar has been bought as safe ...
EURUSD
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Maxsmart replied Aug 19, 2010Remember the inverse relationship between stocks and the USD — It is a reaction to the Merger and Acquisition deal. Intel has offered to buy Mcaffee with about 7.7 billion in cash. This caused the stock market to shoot up The unemployment ...
EURUSD
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Maxsmart replied Aug 18, 2010Dow up Euro lower — So the Dow and S&P are now positive. In fact the Dow is +50 from a swing low of about -70 and the EURO is actually lower as it was trading at above 1.29 and in the 1.288's now that the market has gotten higher. When the ...
EURUSD
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Maxsmart replied Aug 18, 2010We may just see a lower right shoulder — I am beginning to think that the a move to 1.30 may become unnecessary and that we may just have a lower right shoulder at 1.2930. I am exiting my longs. and preparing for my short.
EURUSD
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Maxsmart replied Aug 17, 2010That is interesting — The uptrend line has been broken on the hourly chart. I still feel like we should see some support around 1.2840 and push back up to challenge 1.30
EURUSD
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Maxsmart replied Aug 17, 2010Everything is shaping up nicely — Everything is shaping up nicely for head and shoulders on the daily chart. With the left shoulder at about 1.30-1.31. Head at 1.33 and the right shoulder should top out at about 1.30-1.31 as well. I am long ...
EURUSD
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Maxsmart replied Aug 16, 2010Still lower highs and lower lows on hourly chart — We just put in a lower high and we have still been getting lower lows on the hourly. Although I also wouldnt be surprised to see a bounce to 1.30. I do expect the EUR/USD to fall below 1.27 by ...
EURUSD
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Maxsmart replied Aug 15, 2010I'm glad I dont trade short term — This is why I hate trading short term. So much random volatility. Looking at the daily chart I wouldn't be surprised to see a bit of a bounce here around 1.2730 so that I can get in at a higher level and sell ...
EURUSD
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Maxsmart replied Aug 12, 2010nah we have German GDP tomorrow morning (expecting to post the largest growth quarter btw) and then later U.S. Consumer Confidence and CPI and Retail Sales. There will be a lot of movement tomorrow. One way or the other.
EURUSD
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Maxsmart replied Aug 12, 2010German GDP out of the Eurozone Tomorrow — German GDP out of the Eurozone tomorrow. Expected to post an increase of 1.3% which will be the largest quarter growth since 2007. Previous quarter was 0.2%. There are some more bank jitters taking ...
EURUSD
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Maxsmart replied Aug 11, 2010Obiwan That Deathcross is still Operational! — Obiwan that Deathcross is still Operational!
EURUSD
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Maxsmart replied Aug 11, 2010Should be fairly quick — The decline back to 1.2550 and 1.22 should be fairly quickly. The risk aversion days declines are much faster than when the equity markets rise.
EURUSD