Thread: GBP and JPY Pairs H1 2013

Originally Posted by blazejack

Yes but they were not hit I had shorted higher than the highs we hit friday. Now we are back in 1.31.xxx range I am expecting it to go below 1.30 today. I still feel good about this going lower. But need to watch resistance levels and the Fib

Funny, but this is looking much in your favour!!! Somehow I thought there could be an upside but a close below 1.33 will certainly confirm validity of your bearish positioning. I think by 5pm ET the EURO will not recover and I might short it as well but I have strict charting discipline these days so I stay away for the moment. Long EUR/GBP though

This new format and colors are making me dizzy.

Originally Posted by johnnys

This new format and colors are making me dizzy.

Whoever chose the color scheme clearly likes the Florida Gators college football team...

Some talk again of the so called "unthinkable":

Gates To Be Designated Successor On Inauguration Day - Political Hotsheet

Seems like fear drums keep running up around this inauguration date or 1-2 days thereafter. Did anyone else find anything odd related to Obama's inauguration?

Originally Posted by andruha

Funny, but this is looking much in your favour!!! Somehow I thought there could be an upside but a close below 1.33 will certainly confirm validity of your bearish positioning. I think by 5pm ET the EURO will not recover and I might short it as well but I have strict charting discipline these days so I stay away for the moment. Long EUR/GBP though

I would like to see it break below 1.30 tomorrow then we are looking at about 127 range IMO

Good call on the EUR/GBP long! I missed that entry on Friday. I am looking at the USD/CHF for a retracement but I am not quite sure where to short it yet. Possibly 1.15

Happy Trading!

[QUOTE=qed;231544]

Originally Posted by se1paul

"the world needs to learn how to live without USA
after all Americans have nothing to trade , this $ weakness will eventually trigger a mass selling of T bonds held by the Chinese and the Arabs and the $ may go to not 2 but 4 or 5 against the Euro"


This of course is rather absurd. If the U.S. manufacturing industry were a country it would be the fifth largest in the world.

Of course this quote is absurd, and the U.S. will continue to be the leading economy. Even crippled the U.S. economy is powerful.

A lesson should be learned from the lack of support for the dollar over the last few years. The lack of support was well earned, but until commodities are traded in something else, or the U.S. goes to the Amero and leaves the greenback to world commerce, the dollar must be supported.

Failure to support the dollar will bring inflation to commodities. Anyone remember the results of the crash of the dollar? Record prices for oil, steel, copper, wheat, corn, etc...

These high commodity prices, especially oil, brought on the world wide economic collapse.

I believe, and I am not a professional, nor am I trained in finance, that the dollar will continue to rally for two reasons. First, that supporting the dollar keeps commodity prices down which fuels growth. Second, that as bad as things are in America, they're not good anywhere. The largest economy in the world is a big drag, and has been a bad influence, but like it or not as America goes so goes the world.

I don't think the long term outlook is good for the dollar. At some point the creation of a tremendous amount of money out of thin air must have an impact. In addition the commodities markets can't handle a volatile dollar.

Either sticky inflation caused by the trillions of dollars the government pulls out of thin air, or the turmoil caused by a move away from the dollar by the world markets will probably collapse the dollar.

The Amero will be easy to introduce when the dollar collapses. If anybody follows this advice, you get what you paid for, but I think the dollar will go to 1.25 for a Euro again. If things really get bad it might even go below 1.00 a Euro. Then watch out. Maybe it will stabilize. Maybe 1.65


The problem for

Originally Posted by johnnys

This new format and colors are making me dizzy.

Yeah, exactly, that's why I'm wearing shades!!!

Originally Posted by blazejack

I would like to see it break below 1.30 tomorrow then we are looking at about 127 range IMO

Good call on the EUR/GBP long! I missed that entry on Friday. I am looking at the USD/CHF for a retracement but I am not quite sure where to short it yet. Possibly 1.15

Happy Trading!

I'm of the same view Blazejack; $1.27 in my sights. Let's see what tomorrow brings, apart from a new US president.

Originally Posted by qed

I reversed and went long the EURUSD when the stock market turned on higher volume. What? Do you think I have some kind of deathwish or something?

I don't see a lot of upside in the EURUSD though. I am easing out of the position as it rises. The news flow out of the Eurozone is likely to get worse, where as there is a possibility of improvement in the U.S. So there is a possibility of a growth scare in the U.S. which will make the EUR interest rate advantage null and void.

I agree that the news from EuroZone will not be good but it seems that the pair is correlated to the US equity market
a sign of rebound in the US will move the EUR higher
when ES hits 750 we'll see

Originally Posted by eurolinux

I agree that the news from EuroZone will not be good but it seems that the pair is correlated to the US equity market
a sign of rebound in the US will move the EUR higher
when ES hits 750 we'll see

Hi everyone,

I am new, just want to say hello. Read your conversations, pretty interesting.
I am still at beginner level.
Yesterday longed EUR/USD and now lost lots of pips....crying...

So anyone suggests anytime to go long for EUR/USD?

[QUOTE=dixbutler;232533]

Originally Posted by qed

Of course this quote is absurd, and the U.S. will continue to be the leading economy. Even crippled the U.S. economy is powerful.

A lesson should be learned from the lack of support for the dollar over the last few years. The lack of support was well earned, but until commodities are traded in something else, or the U.S. goes to the Amero and leaves the greenback to world commerce, the dollar must be supported.

Failure to support the dollar will bring inflation to commodities. Anyone remember the results of the crash of the dollar? Record prices for oil, steel, copper, wheat, corn, etc...

These high commodity prices, especially oil, brought on the world wide economic collapse.

I believe, and I am not a professional, nor am I trained in finance, that the dollar will continue to rally for two reasons. First, that supporting the dollar keeps commodity prices down which fuels growth. Second, that as bad as things are in America, they're not good anywhere. The largest economy in the world is a big drag, and has been a bad influence, but like it or not as America goes so goes the world.

I don't think the long term outlook is good for the dollar. At some point the creation of a tremendous amount of money out of thin air must have an impact. In addition the commodities markets can't handle a volatile dollar.

Either sticky inflation caused by the trillions of dollars the government pulls out of thin air, or the turmoil caused by a move away from the dollar by the world markets will probably collapse the dollar.

The Amero will be easy to introduce when the dollar collapses. If anybody follows this advice, you get what you paid for, but I think the dollar will go to 1.25 for a Euro again. If things really get bad it might even go below 1.00 a Euro. Then watch out. Maybe it will stabilize. Maybe 1.65


The problem for

It's totally absurd.

For the record, I was merely quoting another poster who made this outlandish claim of EURUSD going past 4 in a short space of time. People are responding to the re-quote, which is making it appear that it came from me. I don't want to be associated with such a comment.

Originally Posted by sharonjing

Hi everyone,

I am new, just want to say hello. Read your conversations, pretty interesting.
I am still at beginner level.
Yesterday longed EUR/USD and now lost lots of pips....crying...

So anyone suggests anytime to go long for EUR/USD?

I've got a small long from 1.2938. Looking for it to break above 1.2978 now. If it does we could see a retrace to around 1.3160 before going lower again.

I need glasses to see the quotes. (Maybe its because of my age...?)

EUR USD is still looking soft. Good support at 1,2875 and 1,2650.
Obama mania and bad macro figures will lead it lower for the next few days.
But I dont expect 1,25 to break.
Its a few hundred-pips-a-day-market, so who cares about the long term?
I do. But I havent got a clue. Oil at 34 ? USD JPY still up there while it should have been 85 or so?
May you live in interesting times.

GL

Originally Posted by stellafx162

Hello

daily technicals eurusd update

1.2905 (fib extension 138.2%) and 1.2811 (fib extension 161.8%)
still in view

Todays screen : 2009-01-20_1048

Yesterday screen :2009-01-19_1412

Kind regards
Stella

Don't you think hitting 1.2912 this morning was close enough to call it on the 138.2% line?

we have the 78.6 fib from 123.88 to 147.18