Okay. I think I realize this but again, we are selling dollars and not buying Euros based on anything but hatred.
DRT
DRT
Eur/USD
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Okay folks. I can't explain why exactly, but this is a day of reckoning. May not seem like it to most, but I can feel it.
I am an official dollar bull from now until further notice. I will be one you love to hate for a while. I think this thread needs it anyway.
The current account data will be the last straw for most. Either today or early next week the dollar will embark on a journey south. I think it will last for much of the summer and into early fall. Commodities will continue to correct and US bond yields will also rise.
My plan is to take some of my amassed fortune and begin to acquire natural resource commodities later this year for the muli year bull run.
I am short ( a bunch) at 1.2638. Here is my near term target where I expect lots of battle and indecision before we continue on south.
1.2435 on or before end of March.
Ultimate target is 1.13 - 1.10
The clue for this was the price action in the USD/JPY, a dangerous indicator. Most feel it is but a trap luring unsuspecting bulls in only to plummet them a little above 115. I know better, it is true dollar strength.
Good luck today.
DRT
(Eternal Dollar Bull for now)
I am an official dollar bull from now until further notice. I will be one you love to hate for a while. I think this thread needs it anyway.
The current account data will be the last straw for most. Either today or early next week the dollar will embark on a journey south. I think it will last for much of the summer and into early fall. Commodities will continue to correct and US bond yields will also rise.
My plan is to take some of my amassed fortune and begin to acquire natural resource commodities later this year for the muli year bull run.
I am short ( a bunch) at 1.2638. Here is my near term target where I expect lots of battle and indecision before we continue on south.
1.2435 on or before end of March.
Ultimate target is 1.13 - 1.10
The clue for this was the price action in the USD/JPY, a dangerous indicator. Most feel it is but a trap luring unsuspecting bulls in only to plummet them a little above 115. I know better, it is true dollar strength.
Good luck today.
DRT
(Eternal Dollar Bull for now)
No, hatred is the underlying theme that fuels the desire to recognize bad in someone/something and ignore the bad in someone/something else. The media and analysts from here to Timbuktu have screamed that the US must crash for what...a few years now? It cannot possibly continue it's behavior without some sort of massive fundamental cataclysm, right? So every time people see a news release that is bad or even borderline bad, that's the thought that comes into their head.
I'm rather surprised I have to explain this to you. It's been this way for years now. Sell USD on good news, and sell again on bad.
Boston, June
16. AFX reports that Russia and the Paris Club have agreed on a deal for Russia
to pay down $22 bln in debt early. This likely explains a good bit of the steady
Russian buying interest on dips in recent days. Some may be going for reserve
diversification as well. This deal has been in the works for some time, and does
not come as a surprise.
The EUR is getting a bounce from the 1.2620/25 area, however. Offers are seen
toward 1.2650 and again toward 1.2675/85 and 95.
16. AFX reports that Russia and the Paris Club have agreed on a deal for Russia
to pay down $22 bln in debt early. This likely explains a good bit of the steady
Russian buying interest on dips in recent days. Some may be going for reserve
diversification as well. This deal has been in the works for some time, and does
not come as a surprise.
The EUR is getting a bounce from the 1.2620/25 area, however. Offers are seen
toward 1.2650 and again toward 1.2675/85 and 95.
I guess I do not fully understand your real question here? Is it your intent to employ a trading methodology which is based on EOD closes? Long Term Trades or Position trades or One day trades? Of course you can do this. There is no real close to the Forex market in my opinion, so you will have to establish one yourself based on your research.
I think this may be a tough road, but that's just my opinion.
Here's a good way to make money in the forex market. Set your close for 5:00 PM EST after the US session. Now forget the close because it is not important in trading.
Instead call it the Open. At 4:00 AM the following day, (European) do the following.
If price is below the Open buy. Sell to cover this when price reaches the Open.
If price is above the Open. Sell short. Buy to cover when price reaches the open.
Throw in a couple rules here. If price is in a runaway state, (maybe more than 60 points or something due to an event don't take the trade. Close the trade around 10:10 if price has not returned to the open no matter what.
You can make all the money you need trading this strategy as there is an underlying reason it works. Stop losses are not allowed so you need to make sure you are working out and your health is good. Coffee should also be consumed well before 8:00.
Good luck and send me 10%. PM me and I will give you my bank account number.
DRT
I think this may be a tough road, but that's just my opinion.
Here's a good way to make money in the forex market. Set your close for 5:00 PM EST after the US session. Now forget the close because it is not important in trading.
Instead call it the Open. At 4:00 AM the following day, (European) do the following.
If price is below the Open buy. Sell to cover this when price reaches the Open.
If price is above the Open. Sell short. Buy to cover when price reaches the open.
Throw in a couple rules here. If price is in a runaway state, (maybe more than 60 points or something due to an event don't take the trade. Close the trade around 10:10 if price has not returned to the open no matter what.
You can make all the money you need trading this strategy as there is an underlying reason it works. Stop losses are not allowed so you need to make sure you are working out and your health is good. Coffee should also be consumed well before 8:00.
Good luck and send me 10%. PM me and I will give you my bank account number.
DRT
Quote from OddTrader:
"Is EOD trading for Forex (EUR/USD) possible?"
http://www.elitetrader.com/vb/showthread.php?threadid=71248
Oh no, the e-wave guy is back under a new name with his "if it does not go down, expect it to go up" posts.
Great site, by the way. Only one thing I'd change: If you're going to use English as your language of choice, you really should learn it first.
"Enjoys your day"
"Easy like to ask an Hamburger"
I tell ya, with English that good, I'm sure inspired to trust you with my money!
Where the hell is ".ar" the symbol for on the 'net?
Great site, by the way. Only one thing I'd change: If you're going to use English as your language of choice, you really should learn it first.
"Enjoys your day"
"Easy like to ask an Hamburger"
I tell ya, with English that good, I'm sure inspired to trust you with my money!
Where the hell is ".ar" the symbol for on the 'net?
What the hell is the link? Is it a gambling site? Locks my screen up.
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