Euro vs US Dollar (EURUSD)

[capgain]

My EURO short is finally in the green today, first time since i entered a couple days ago. Trying to hold for a swing longer then a couple days. We'll see i guess, I didn't even realize how high it went today, before the drop. Yikes!

[Talc Moan]

Amazing! Simply Amazing. I am still not sold on the Dollar even more now.

2 weeks the Proof will be in the Pudding Alcoa leads of Earnings! If they just revised down the number from 2.4 to 1.8 it could get really dicey in the coming weeks!

Gold Crushed and may have bottomed today!

1180 should be the very Bottom worst case for gold.

[capgain]

Bad 1st quarter GDP and market and USD rally. Unreal, I took overnight profit this morning at 5:30 on EUR and GBP gains, but should have held on.

Can't figure this crap out, Gold crushed today.

[Talc Moan]

Agree!!!

[capgain]

I don't hold very long, so I'll be ok :) I hope. Can't get a good swing trade here lately, so why try. Scalps away! Now if Q1 GDP comes in messed up, then i can see the USD dropping too. They can make the numbers what ever they want, but we have no control over that.

GL.

[Talc Moan]

Oooooooooooo!!!! Looking for Dollar weakness Thu/Friday against all currencies.

Bond Yields took off late today even though it was suppose to be a Bernanke Bond buying day.

[capgain]

I'm probably going long the USD tonight against the Pound and try and scalp the Aussie short tonight again. Going for three in a row on the Aussie scalps.

5:30 am eastern tomorrow morning, is a big GBP report.

[Talc Moan]

Dollar seems weak today! I don't see a strong dollar. Could re test 80

[Joe1984]

Oh ok.

[Talc Moan]

Do not blame you!

[Talc Moan]

Only thing I see showing consistency.

[Joe1984]

Why do you consider that safe?

[capgain]

I scalped 41 pips on the EUR/USD short this morning. Only watching since then. I don't like holding anything overnight here lol!

[Talc Moan]

Shorting the Dollar against the Pound may be the only safe bet right now.

[Talc Moan]

10yr 2.63! Wow

[Talc Moan]

Have a great morning! What a week were about to have!

[capgain]

I'm pretty good at this stuff now, My AUD i covered for a 10 pip loss is 50 pips to the good this morning. I traded that one for the Euro/USD short and am only 5 pips up on that short lol!

What a start to the day. Not going to watch much, but would love to get up enough to get a stop loss in around break even later.

I agree with you on the gold and AUD.

[Talc Moan]

Yen Strengthening like I though. Almost a full penny!

Today will be a very
Potential ugly day on Wall Street unless the fed throws up some smoke and mirrors.

Asia got crushed especially China!

It really looks like 2008 all over again, but instead of coming from the US side it's coming from China.

Japan better be really careful or they are gonna get sucked in so bad they will never get out and potentially cause a catastrophic drop.

Thinking Gold is about to reverse its bear trend since its drop started months ago and is prob near a bottom. Bonds are a disaster and 1 Trillion dollars could be lost.

The Euro is going to be interesting. It's more tied into the Asian Markets.

The Pound is another to watcher. Australia is so confusing, but keep a eye on the AUD when gold turns bullish soon. It could go on one hell of a run.

[capgain]

I don't follow that pair, but good luck to you if you decide to trade it.

cap.

[Talc Moan]

Thinking the Yen has peaked (weakened) and will go down from here.(Strengthen) Especially Tuesday/Wed.

[Talc Moan]

Yeah Monday Euphoria will lead to reality come Tuesday/Wed.

Canadian dollar taking a hit too!

[capgain]

I bailed on the AUD for a 10 pip loss and shorted the EUR/USD instead. Weekend reading changed my mind. It's a bunch of smoke and mirrors out there so far tonight.

JMO.

[Talc Moan]

Wow. This currency market is all over the place!

[Talc Moan]

10yr closed at 2.53 amazing!

Mortgage rates will be 4.5% next week and maybe 5% in 2 weeks. Not like the fed said by year end. They started a Bond collapse and once the snowball starts gaining momo down hill there is no stopping it.

your trading right. In and out. Never seen the swings like we are having since 2008

[capgain]

I'm only two months late on that one LOL! Just a quick swing down here.

No investment.

[Talc Moan]

Awesome Congrats! You been waiting patiently to get in. I wish you all the best on your investment!

[capgain]

I shorted the AUD/USD on that little strength today. We'll see what happens Sunday night.

[capgain]

I agree.

[Talc Moan]

10yr at 2.50 amazing.

Mortgage Rates gonna go much higher than the Fed ever expected and quickly.

Just like Gasoline Stations raise there prices when they see a spike in Oil..

[capgain]

OPEX i guess.

[Talc Moan]

Interesting. Euro and Pound tanking against dollar Yet Yen is Strengthening.


Some odd stuff happening.

End of day could get Wild if
markets cannot stay green!

[Talc Moan]

Yep, and Word is China is not gonna step In. It's crazy!

Something is up in China. There holding there cards and not laying them down

[capgain]

Word is China banks can't pay their overnight loans. Somebody has to step in. A major cash infusion is the only thing that will help and that could do it. (Make the AUD strengthen)

JMO.

[Talc Moan]

USD dropping like a rock against the Yen!

[Talc Moan]

LOL! Best of Luck!

I have a feeling the AUD will Strengthen.

[capgain]

You too, I'll be watching the AUD with finger on mouse lol!

[Talc Moan]

Cannot wait to see what happens!

Have a great evening!

[capgain]

China and tonight = AUD/USD

[Talc Moan]

What is gonna Happen in Japan and China tonight!

There is a Massive Credit Crunch I'm China. Rates are up to 13% and there not gonna inject any stimulus into the economy.

There is a possibility we start seeing China Defaults. It could get crazzzzzzzzy!

[capgain]

Hold on to your hat! Wild night coming up. OPEX Tomorrow too. I'm in scalping mode only. For now.

[Talc Moan]

Amazing the dollar now is weakening. Very interesting night ahead!

[Talc Moan]

China is doomed. There about to have a American style Collapse worse than 2008...

I have no idea what's gonna happen. The Euro has held pretty strong these last 2 days against the dollar. The Dollar decline is gonna resume very soon!


We could see a global sell off worse than today's.

[capgain]

This market is only supported by stimulus, Lookout when the FED pulls out.

JMO.

[Talc Moan]

10 Yr bond popped 16% crazy!

[capgain]

Crazy day, I was busy at work and missed the Bernanke action. So as i sit here still flat, I'm looking things over. Only thing that i see right off, is the USD broke through a DTL from last month.

I think trend change is in the air.

JMO.

[Talc Moan]

Aren't you glad you did not short yesterday. Still to choppy for a clear picture..

[Talc Moan]

I would give it until Friday. Let the markets digest Bernanke on Wednesday and Thursday.

[capgain]

It was so hard for me not to short the EUR/USD at 1.3410 But I'm learning to be patent! Only one more day to go and have to be prepared to go long also, but my gut says short anywhere in the 1.34s could be real good.

We'll see.

[capgain]

Looks like the Jan high was 1.37ish...

[capgain]

Looks like 1.3550ish or a bit higher, looking for a better chart that goes back that far lol!