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dollar question was for the following reason ...
I have limited selections for my company matching 401k ... but one of them is "international fund" mostly large and medium euro/yen based outfits.
My thinking was to throw it all into the intn'l as then the performance of those co's almost doesn't matter, as long as the dollar trends down.
new board for the IRAQI DINAR...
http://www.investorshub.com/boards/board.asp?board_id=7851
FXCM that the one I use ph.212-897-7660
I am new to Currency trading and am looking for a good broker. Can someone here give me some input.
Thanks wasatch
correction ..
during 99-00 boom usd tumbled against jpy but "sored" against eur .. so again the pt theres no clear correlation b/w $ and stock market ..
eom
so
ur asking a stock question and not a currency question ..
the 2 are not the same viz. falling $ does not equate falling market (or vice versa) .. as a matter of fact during 99-00 and 02-03 compx had the biggest gains while $ tumbled against eur and jpy ..
im strongly convinced to be long compx for at least a year (maybe 1 1/2) .. i think it will pass 3000 .. its been building strength for last 2 yrs (04 and 05) and will show the positive resolve .. so theres my opinion (a strong one) ..
eom
the dollar question was for the following reason ...
I have limited selections for my company matching 401k ... but one of them is "international fund" mostly large and medium euro/yen based outfits.
My thinking was to throw it all into the intn'l as then the performance of those co's almost doesn't matter, as long as the dollar trends down.
certainly
no economist here but .. lot of $ has been pumped into the economy to boost it .. thus rising inflation + rise in commodities (precious metals, oil, houses etc) .. will continue until economy gets back to normal .. just a part of never ending cycle imo .. rising rate shows the beginning signs of recovery but still got many years imo (the tech bubble was too big) .. stocks will do well this year but will probably retest 2000 lows again then economy will boom again imo ..
eom
Direction of the Dollar,
Is there a consensus, do folks feel that the dollar is heading a bumpy road down (long term) versus EUR, YEN, and what's the Chniese thing QUAN? (once it is allowed to float)??
ugh ..
:(
eom
stop out 2135
afternoon, just found this board, hope you dont mind me posting my trades, as well as checking out everyone elses. Currently tracking audjpy for a short, shes almost there.
jon
what do u think about eu daily ?
getting kinda funky dont u think ?
ready for that 2700 bounce ?
eom
that took
some balls without stops .. but worked out ..
short aud/us here ..
eom
only thing i can seem to rely on are trendlines .. and nothing else ..
exactly.....
the more i see
these goons in action the more i realize st indicators (stoch, rsi, dmi ..) are completely useless ..
only thing i can seem to rely on are trendlines .. and nothing else ..
jmoeom
typical fakeout on eu ..
didn't even use stops this time .. took all the other guys' stops twice before start dumpin ..
:)
eom
USD/JPY making a comeback after getting smacked on YUAN reval news... considering a sell in the 11220 - 11250 area
well ..
it fizzled out at the neckline ..
definitely no sharp bounce here ..
more crunchin n daytradin ..
jmoeom
USD/JPY consolidating 11210 - 11235 under 11245/11250 resistance... that last dip on the 11th bounced off the %38.2 retrace and has put in a series of higher lows/highs before getting rejected in front of 11245, would expect alot of stops above 11250/11260 , could very well get pushed into the low 113's, where id look to sell USD/JPY
good observation, would like to see the right shoulder hold above 1.1990 ... a bounce could send it as high as 1.2500( ~ %50 retrace off APRIL 20 high JUNE 4 low)
does eu daily
look like an inverse head n shoulders?
about time for a big bounce imo ..
eom
a case in pt ..
june 30 fri morning ..
eur starting to break down from 3 day old ascending wedge from 2065 .. t/a guys know 'pay-off' level will be around 1900 (im short likewise) ..
its very late and guys go to bed with their stops in place ..
it keeps moving down till 2030 .. uh oh i see they're makin their move so i get out with profit and go to bed (unfortunately) .. they whipsaw it and hit stops all the way up to 2105 before they tank it all the way back to 1870 ..
guys wake up and see the disaster .. can't beat em .. lol ..
eom
ya man, i def feel that, im at the point where im just trying to grab the big risk/reward trades, nothing more than like 12/13 pips loss, but shooting for 50+ pips ... im starting to think more about where stops are when i look at the charts cause usually the money will push thru those stops and that offers the best entry...
gl jon ..
i find it literally impossible to use tight stops esp with eu/us .. so often they would hit stops up to 30, 50 pips before tanking or breaking out big .. they're determined not to let retailers make any $ ..
trading stocks now (think it will be hot for a while) ..
when i start forex again it will only be for intermediate/long term swings using daily charts with about 50 pip stops .. i can't beat em on short term scale ..
jmoeom
ugh...stopped out for -9 pips
that big down candle on the 1 min chart was me :) haha
SHORT EUR/USD 1.2005 w/ a really tight stop, dont want to see the pair trade over the 1.2010 level....
QOILE/CYOS/ILCO how are the lights? eom
no but but I shorted the nzd/usd at 6am at6796 and sold when I got home at 6722 5big lots and then I herd the news
up 13teen pips
considering a EUR/USD short ~ 11935/40 w. 11952 stop/loss
targets would be 11880 and 11845
AUD just took a beating, along with sterling and everything else against USD...
[01:55 AM EDT 07/05]
IMF's Rato says that there is no need currently for the ECB to cut interest rates buts also adds that they would be well advised to keep all their options open.
hmmm...seems like the European central bankers are 'priming' the market here, sounds EUR positive at first glance, but my bet is they're lieing and we see future rate cuts..big big EUR negative, especially if fed continues in US and the 10yr can sustain a bounce...
USD/JPY chart still looks strong in its upchannel, USD run is probably overdone but ill wait for it to break that ascending support line on the hour chart or make a move towards 112 before thinking about going short...
the same mornin star on daily ..
but who knows ..
i don't expect 'anything' ..
what u think about jpy?
i hope aud goes up .. need to recup some losses ..
arrrgh ..
eom
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