yes sja, but IMO there is about to be at least some retrace.
At least a sell on blip opp for the believers ! :-))
bali sja 09:07:46 GMT - 03/07/2014
meanwhile as you guys speak, fxcm usd index just made a new daily low and still dropping, hopeless
jkt abel 09:00:08 GMT - 03/07/2014
kl fs, there is got to be a real giant swoop 400-500 pips in a day to take out 1.3470 in one go (if using euro as an example) for us to consider changing of game plan IMHO
if only couple pips usd bounce here and there, forget it, it is exactly the boiling frog analogy
kl fs 08:52:08 GMT - 03/07/2014
Syd sf, i just feel that this slaughtering will not stop until we have real capitulation, so far it has been pretty orderly like boiling a frog analogy, even if today we do have usd bounce then it will just provide breeding ground for more dramatic losses in weeks ahead IMO
kl fs 08:43:19 GMT - 03/07/2014
Syd sf, make it three in a row then ;) i mean why not...
Syd Sf 08:37:46 GMT - 03/07/2014
Joe .. It's a fair point .. As it's been rare too see 2 days in a row
Where the mkt moved strongly in one direction.
But here we go into a NFP which more than likely would be weak .. And we seem to be at the last resistance level at 1.3895
So it's kind of like what I mentioned about the saxo guy ... You can sell eur with a stop above 1.3895 or you can buy the dip and wait for capitulation to come in.
It's just that everyday we have heard the bullish usd case and well it's day of judgement really .. As a few other people mentioned.
kl fs 08:35:09 GMT - 03/07/2014
thanks Joe, just for fun i will add intraday size around 1.3820-1.3850 if seen, honestly my system still says bearish usd from all fronts so I just have to trade from that side accordingly
Cambridge Joe 08:31:38 GMT - 03/07/2014
Cambridge Joe 08:30:14 GMT - 03/07/2014
fs thanks. Depth upon depth of market layers and positions.
As a minnow, most of these long term considerations are simply way above my head !
ATM short term (hours) I have e/$ softer. Maybe 38.
kl fs 08:27:59 GMT - 03/07/2014
sorry..need to continue...
..sitting ducks waiting for NFP release to bail them out, which we know this sort of thing rarely happen, market will inflict the most pain
kl fs 08:26:22 GMT - 03/07/2014
Joe, agree with locking in profits on fridays, but i dont think market is leaning towards selling usd, i think more are actually sitting on their underwater long usd judging from archive history of the forum, in fact they have been adding to losses since euro was 1.3550ish.
At that time the loudest propaganda was year or decade of the dollar, imminent crash of the euro, aud demise to 0.66, etc but as price moves proving them wrong
that's what i think anyway, could be wrong but i share what Syd sf said this morning about usd bulls sitting duck
Cambridge Joe 08:17:12 GMT - 03/07/2014
All usd related comments seem to be biased to the down side and same with the radio business news here as well..... time to follow the herd ?
Here it looks to be a well supported theory, ( I agree)
the hourly indicates that those with profit from shorting usd might like to lock it in from around 17:00 GMT.
kl fs 08:05:00 GMT - 03/07/2014
abel and sja, this is friday, so like usual sell usd! coming Germany data should continue the positive trend and i remember never go against positive EU data on any fridays because US data have been not so good
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