- Search Crypto Craft
-
Masrim replied Aug 24, 2010Yep exactly as planned. Good trade this one. I'll be on the sidelines for now.
EURUSD
-
Masrim replied Aug 24, 2010Hehe well profit is profit. I'm not greedy
Besides I predicted this bounce solely with TA, so the news was just a helpful addition. Good luck to you!EURUSD
-
Masrim replied Aug 24, 2010You see guys this exactly illustrates what I was saying. We are near the tipping point. The number was bad, but why did the USD fall together with stocks? Because it was too bad!
EURUSD
-
Masrim replied Aug 24, 2010I think the technical picture will get clearer as we near Friday and we'll be better prepared what to expect.
EURUSD
-
Masrim replied Aug 24, 2010I think that under certain conditions such as an extremely bad GDP number the dollar will actually weaken, as was the case with weak philly fed and empire state a month or so ago. The news caused both stocks and the dollar to drop. It's a bit tricky ...
EURUSD
-
Masrim replied Aug 24, 2010The Nikkei isn't what it is in Asia during the US session
Also my play for today was EUR/USD now and short DAX in the morning. Am not touching the DJ so close to 10000 and before GDP numbers. Come Asia the Nikkei might continue to drop but then ...EURUSD
-
Masrim replied Aug 24, 2010DJ having another go at 10050. EUR/USD not following through so far!
EURUSD
-
Masrim replied Aug 24, 2010Seems like 2580 was nearly hit. Also Dow near 10000. 10050 so far is the low. A bounce will follow if these levels are not broken.
EURUSD
-
Masrim replied Aug 24, 2010Exactly right I think. They'll want to wait for GDP numbers Friday to push it below. Also support eyed on S&P. Let's see how it all works out. It's a psychological play.
EURUSD
-
Masrim replied Aug 24, 2010Ah yes also another thing S&P has a confluence of support at about 1052.4 - 1055.
EURUSD
-
Masrim replied Aug 24, 2010Yes I think the equity sell off is now quite exhausted. I don't think it can continue so fast without the GDP release. So my bets are that should keep EUR/USD ranging for a while.
EURUSD