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11-19-2009, 08:40 PM
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Quote:
Originally Posted by fxmicroman
Since I do not trade on Fridays and I still have this cold that is making me grumpy and not feeling like trading. But there is one positive so far I have not grown a snot or a curly tail so I don’t think it is the swine flu. Lol… I went and started doing some chart reviewing.
Would like anyone’s input on this if you would care to share.
My bias on the EUR/USD in the long term basted on technical’s is bearish for the short term I feel we are still in a range will know more by the close tomorrow.
Looking at the EUR/USD Daily chart –
This is what I see:
I am seeing what could be a double top this pair also seems to be forming a descending triangle. Making lower highs Still has the Bearish engulfing candle stick that has not been breached yet. MACD is showing divergence.
So I am thinking we may be seeing a break in the trend in the next days or weeks ahead…
What do you think?
Disclaimer:
All views, analyses, trading ideal or other information are the opinion of fxmicroman and are not to be taken as investment advice. You should always be aware that the possibility exists that you could loss some of all of your initial investment. Only invest what you can afford to lose.
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Haha, at least you don't have swine flu, or turned into a politician, I mean pig, lol!
I am already in the process of a dollar move. I see oil going back to $50 in the next few quarters and the market I think is going down. I have been long usd/dkk. DKK is pegged to the euro so it is basically the same thing as being long eur/usd. I got stopped out on eur/usd, but have already taken enough profit in usd/dkk to be up in my exits. Also, my usd/cad is doing great and neither is pulling back, which is amazing.
I am watching football on one monitor and trading on the other, making my computer slow, lol!
I am not calling the euro's demise as much as i am calling for a dollar rally. I don't know if eur/usd will break its daily trendline. I will have to do further analysis. Right now I see this going into tomorrow, but opex can be tricky.
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11-19-2009, 08:56 PM
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Don't be ashamed to not trade when sick. It is easier to make up the opportunity cost of not trading than losses from sickness induced poor judgment.
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11-19-2009, 08:59 PM
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Quote:
Originally Posted by mekosmowski
Don't be ashamed to not trade when sick. It is easier to make up the opportunity cost of not trading than losses from sickness induced poor judgment.
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Very well spoken.
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11-19-2009, 09:01 PM
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Not to mention that trading stress might delay recovery from the illness. Matter of priorities, LOL.
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11-19-2009, 09:13 PM
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Quote:
Originally Posted by iceoverflow
Haha, at least you don't have swine flu, or turned into a politician, I mean pig, lol!
I am already in the process of a dollar move. I see oil going back to $50 in the next few quarters and the market I think is going down. I have been long usd/dkk. DKK is pegged to the euro so it is basically the same thing as being long eur/usd. I got stopped out on eur/usd, but have already taken enough profit in usd/dkk to be up in my exits. Also, my usd/cad is doing great and neither is pulling back, which is amazing.
I am watching football on one monitor and trading on the other, making my computer slow, lol!
I am not calling the euro's demise as much as i am calling for a dollar rally. I don't know if eur/usd will break its daily trendline. I will have to do further analysis. Right now I see this going into tomorrow, but opex can be tricky.
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LoL, nope not a politician or hum pig… lol….
Yeap I see oil going back down due to the supply and demand we just have enough stock piled or so we are told that is until we need it then we will not have it and gas will soar to 10.00 a gallon again lol…. I have only been focusing on the EUR/USD for the past two weeks I don’t know why just seems to be a good pair I don’t get that board with it. I still like AUS/USD but looks to be in a pullback right now and want to be a AUS bull and not a AUS bear. So I am still watching it along with AUS/JPY….
Let me come into the USD/CAD I can make a pullback lol… I lose every time I get into that pair I have no Idea why it just does not like me lol or better yet let me take a short and you will see price really take off
Oh I agree until the close tomorrow there is no telling no one knows which way the market will go lol…
Good luck on your open positions I am flat across the board until Sundays open….
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Don't be afraid of the space between your dreams and reality If you can dream it, you can make it so
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11-19-2009, 09:16 PM
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Quote:
Originally Posted by mekosmowski
Don't be ashamed to not trade when sick. It is easier to make up the opportunity cost of not trading than losses from sickness induced poor judgment.
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That no lie... I take Fridays off for me time and I do not trade so I will have some time to get over this whatever it is.... I have been coughing so much I almost blew my monitors down lol....
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Don't be afraid of the space between your dreams and reality If you can dream it, you can make it so
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11-19-2009, 09:26 PM
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Quote:
Originally Posted by fxmicroman
LoL, nope not a politician or hum pig… lol….
Yeap I see oil going back down due to the supply and demand we just have enough stock piled or so we are told that is until we need it then we will not have it and gas will soar to 10.00 a gallon again lol…. I have only been focusing on the EUR/USD for the past two weeks I don’t know why just seems to be a good pair I don’t get that board with it. I still like AUS/USD but looks to be in a pullback right now and want to be a AUS bull and not a AUS bear. So I am still watching it along with AUS/JPY….
Let me come into the USD/CAD I can make a pullback lol… I lose every time I get into that pair I have no Idea why it just does not like me lol or better yet let me take a short and you will see price really take off
Oh I agree until the close tomorrow there is no telling no one knows which way the market will go lol…
Good luck on your open positions I am flat across the board until Sundays open….
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26 is the key level for usd/cad I think. I see the U.S. in a double dip recession. Our government is inadequately prepared for what is happening. The healthcare bill is bad, cap and trade is horrible, the stimulus plan is not good, taxes are going up. Right now my friends in California informed me that income taxes went up and the deductions became less. Double dip recession, S&P at 987, oil at 50, risk appetite to the dollar and yen, and gold to 1500-2000. That is what I think of the overall picture, but trades are trades and I must take them as they come. When will this scenario happen, who knows, it could have already started today, it could start a few quarters from now. I see it in the next year though.
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11-19-2009, 09:58 PM
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Quote:
Originally Posted by iceoverflow
26 is the key level for usd/cad I think. I see the U.S. in a double dip recession. Our government is inadequately prepared for what is happening. The healthcare bill is bad, cap and trade is horrible, the stimulus plan is not good, taxes are going up. Right now my friends in California informed me that income taxes went up and the deductions became less. Double dip recession, S&P at 987, oil at 50, risk appetite to the dollar and yen, and gold to 1500-2000. That is what I think of the overall picture, but trades are trades and I must take them as they come. When will this scenario happen, who knows, it could have already started today, it could start a few quarters from now. I see it in the next year though.
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Oh I could not agree with you more.... Just counting the days….
I work in the Staffing industry it is get so bad out there we have top paid executives that have been laid off from their jobs that are used to making 100 to 200k a year that are willing to take a 35k year job just to work… it’s getting scary out there that is for sure my friend….
You are correct trades are trades take them as they come and for as long as they come lol….
Ok my nigh quill is kicking in so it is time for me to call it a night.
Good luck on tonight and tomorrow’s trades….
May all your pips be positive
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Don't be afraid of the space between your dreams and reality If you can dream it, you can make it so
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11-19-2009, 10:20 PM
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Quote:
Originally Posted by fxmicroman
Oh I could not agree with you more.... Just counting the days….
I work in the Staffing industry it is get so bad out there we have top paid executives that have been laid off from their jobs that are used to making 100 to 200k a year that are willing to take a 35k year job just to work… it’s getting scary out there that is for sure my friend….
You are correct trades are trades take them as they come and for as long as they come lol….
Ok my nigh quill is kicking in so it is time for me to call it a night.
Good luck on tonight and tomorrow’s trades….
May all your pips be positive
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I have heard that alot, people who used to make 200k a year now trying to get a 35k job. I would think that companies would like to have overqualified workers, but they don't. I guess they don't want them to leave when the economy picks up, but it won't pick up till 2011 at the earliest anyway so why can they not get that. It will get worse than the great depression I think. Now China is on the sidelines it says about a strong dollar, because they want to sell dollars and focus on gold. They know that our debt is getting to large and everyone is laughing at us as a nation, even the French! It is a sad thing.
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11-20-2009, 01:34 PM
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Quote:
Originally Posted by iceoverflow
I have heard that alot, people who used to make 200k a year now trying to get a 35k job. I would think that companies would like to have overqualified workers, but they don't. I guess they don't want them to leave when the economy picks up, but it won't pick up till 2011 at the earliest anyway so why can they not get that. It will get worse than the great depression I think. Now China is on the sidelines it says about a strong dollar, because they want to sell dollars and focus on gold. They know that our debt is getting to large and everyone is laughing at us as a nation, even the French! It is a sad thing.
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I agree with you. I think it will get worst before the economy gets better. Yeah over qualified people will not get the jobs, because then they would also take away from those who is just right for the job... idk if that makes sense and also companies wouldn't want them to leave after spending money on training them... =)
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11-20-2009, 01:58 PM
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Quote:
Originally Posted by Helene Z.
I agree with you. I think it will get worst before the economy gets better. Yeah over qualified people will not get the jobs, because then they would also take away from those who is just right for the job... idk if that makes sense and also companies wouldn't want them to leave after spending money on training them... =)
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The way I see it though, is most overqualified people are more responsible and don't need expensive training because they are already overqualified. These people would make better employees I think. Keep them till the economy improves and they leave and then hire someone else at that time. Apparently not many agree with my logic here, lol!
Trading is the only secure job now! The thesis is long gold and short America.
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11-20-2009, 03:18 PM
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Quote:
Originally Posted by iceoverflow
The way I see it though, is most overqualified people are more responsible and don't need expensive training because they are already overqualified. These people would make better employees I think. Keep them till the economy improves and they leave and then hire someone else at that time. Apparently not many agree with my logic here, lol!
Trading is the only secure job now! The thesis is long gold and short America.
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In time perhaps the overqualified person would build up resentment about filling and underchallenging, underpaid position relative to their qualifications. This would make them a liability not an asset. Just another way of looking at things.
Hope you all have an excellent weekend! |
12-06-2009, 06:00 PM
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Hope everyone is doing well trading.... I will be posting again this week....
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Don't be afraid of the space between your dreams and reality If you can dream it, you can make it so
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12-07-2009, 08:04 AM
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I am back after a lighting strike took out 2 computers... Dang cheap surge protector (Well not that cheap) lol... Lighting struck my house and took out both my computers and TV’s.... Grrrr.... Nature got to love it lol.... Anyways I have now got things back to semi normal....
Hope everyone is doing well had great turkey day and is gearing up for the Christmas Holidays....
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Don't be afraid of the space between your dreams and reality If you can dream it, you can make it so
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12-07-2009, 09:23 AM
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Welcome back!
Sorry to hear about the lightening, and it's getting back those bookmarks and saved data that is even more cumbersome to get.
But you'll be back up and running on your feet... as they say,'Never say die' lol...
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