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almo replied Sep 5, 2012I do as well - but that ain't saying much. I cannot trade intraday, but I can tell you with some level of certainty we will be breaching 1.27xx soon.
EURUSD
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almo replied Sep 5, 2012The bold part of your statement is true. As for the rest it really only applies to shorter term time frames. Go look on a monthly chart and tell me if you can see any effect.
EURUSD
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almo replied Sep 4, 2012holy frijoles — Went to dinner - where'd this move come from?? C'est la vie - Looks like I'll be holding this one for a bit. Nice win for you shorts.
EURUSD
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almo replied Sep 4, 2012That's a good story...oneworth remembering. I've one one for you.....The Tree and the Gourd. One spring day, a might oak which must have been alive for about 120 years, found itself getting rapped up by a Gourd. The tree was easily 80 feet tall, yet ...
EURUSD
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almo replied Sep 4, 2012Hey xandi...doing well. Been selling my longs and reacquiring them as price has dropped, current avg price 1.2563. I'll continue this rinse/repeat throughout the night until the PMI numbers, where I'll keep adding to the overall position until we ...
EURUSD
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almo replied Sep 4, 2012Did you misprint something by chance? If everyone is buying Spanish bonds, that would suggest there is adequate demand for them, thus interest rates should be dropping. Now, if there was no interest in buying them....raising them would make a lot ...
EURUSD
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almo replied Sep 4, 2012Heh....your right about price, but not about what is going to happen. Unless midnight tonight is the end of the world, the EUR PMI figures will be released tomorrow.
EURUSD
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almo replied Sep 4, 2012Debt is what is currently happening. PMI is what is to come, which is why the markets spike on PMI news. Don't concern yourself about debt - the world economy requires that someone has to pay, otherwise everything would grind to a halt.
EURUSD
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almo replied Sep 4, 2012I wouldn't count on that , at face value. Tomorrow, comes all the EUR PMI numbers. Any sign of improvement (and I suspect that they will come in better than everyone expects) should put an end to the 1.25's for a long time.
EURUSD
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almo replied Sep 4, 2012It will hold. Don't sweat it. Its going to take a G8 conference to change the scope of the major trends at this rate.
Amazing Black Magic Trading Method
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almo replied Sep 4, 201210:00 - ISM data — I doubt its going to be any serious revelation - however, keep in mind the markets are looking for a direction at this point.
EURUSD
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almo replied Sep 3, 2012Yep....good to see others are seeing it now. Although, once everyone here starts to see it...may be time to short ....
EURUSD
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almo replied Sep 3, 2012I don't have any news either.....but I am seeing Cable getting stronger across the board (except vs Euro, which I feel Euro will eventually win out) GBP/JPY in particular, looks like there is a lot of meat on the bone, from a long perspective .
EURUSD
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almo replied Sep 3, 2012You will see a drop, but its not going to be one that you really want. At this point, for every 50 pip drop, its going to go up 100. I am not saying you can't short - but just be careful when you do. The charts I previously posted are suggesting ...
EURUSD
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almo replied Sep 3, 2012Eur/Usd will make a new high this week. While I personally expect 1.27xx to be reached....I got a feeling we're not going to stay there for long. Here's some charts for you guys to peruse. Note the AUD is the weakest of the group, followed by the ...
EURUSD
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almo replied Sep 3, 2012The biggest factor that no one seems to be mentioning - population. It's easier to make socialism (or any form of government) work when you population base is small. Unfortunately, the larger the US gets, the more tiers of Government are going to be ...
EURUSD
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almo replied Sep 3, 2012I used to think that as well , Suntrader. But I often can spot how other people's problems can easily be remedied ...most likely because I am not part of that equation. Its a good debate regardless, and I welcome the outside views.
EURUSD