Key Week for EURUSD Traders

Discussion in 'Forex Trading' started by VisionTrader, Sep 25, 2005.

  1. I have no comment on the "MCF". And as for spelling, when you can speak as many languages as I can, you earn the right to criticise. :)
     
    #31     Sep 28, 2005
  2. *ahem* "criticize ."

    I speak message boardese. :)

    1.2062
     
    #32     Sep 28, 2005
  3. Well, Thursday evening 9/29 and I would say we are officially in coiled spring status. Wonder if we will have to wait thru the weekend and into next week before top or bottom of monitor blows off.:eek:
     
    #33     Sep 29, 2005
  4. *ahem*
    "Criticise," is how it's spelled in the Queen's English.

    Just like "analyse" or any other "ize" you want. You'd know that if you ever got out.

    Put that in your pipe and smoke it.
     
    #34     Sep 29, 2005
  5. Did you guys see this one. Talk about squawking.


    Boston, October 3:
    With markets very quiet so far in the States, dealers are looking at what if
    scenarios. One of the more interesting points of conjecture is at what point
    does Warren Buffett throw in the towel on his bearish USD bet. The answer
    appears to be 1.1675 if market scuttlebutt is true. Buffett is rumored to have
    set a stop on his gargantuan EUR/USD position at that level. So much for the
    five-year time frame Mr. Buffett discussed on CNBC earlier this year.
    Next up for the market is the September ISM report. A dip to 52.5 is forecast.
     
    #35     Oct 3, 2005
  6. Oh yeah. Buffet put in a stop with citi london at 1.1675.

    'I say old chap. If Eur/USD hits 1.1675, would you mind buying about 10 billion USD for me? Try to get that within, say five pips if you can. TKU TTFN.'

    Betcha gates front runs him with a stop at 1.1695. Poor warren shouldn't have opened his mouth.

    Hey... if you get to 17 the figure, you might want to try to get short EUR before them. A billion might be enough to trigger off those stops... go ahead... push it.

    Whatever.
     
    #36     Oct 3, 2005
  7. I have drawn a big pink line on my charts at this level. :p
     
    #37     Oct 4, 2005
  8. he's not gonna do that.

    he wouldn't even consider bailing until way under $1.

    you're an idiot, drsteph.

    skz
     
    #38     Oct 4, 2005
  9. Well the proverbial coiled spring is wound up very tightly. I think the range has been nothing over the last 36 or so hours. Get ready for monitors to blow up soon.

    IMO, we are at a key point now....before (or if) we reach the bottom. Just under the 161.8 retracement of the very high on the highest. From this point a strong move up would signal a reversal....a strong move away from this point means there will be more downside.

    I have these reversal levels at 1.1963 on the spot and 1.1973 on the futures. Don't get me wrong the bottom is important, but this is the turning point.

    We have arrived.
     
    #39     Oct 4, 2005
  10. EUR/USD reached 1.2204 today. :D
     
    #40     Oct 6, 2005