16 Responses to “Mid US session handling crosses”

1. on 15 Sep 2009 at 4:59 pm1smith

   Doc, without your blog the price actions can not be explained. It is unbelievable what is going on the markets. Only the USD weaking move and rising the stock markets. The stocks need for a big clean up I mean a significant drop because of the huge leverage again but nothing happens, prices are going up and up.

2. on 15 Sep 2009 at 5:11 pm2carlab

   Please have a look at following sequences:

   1001.97-1013.77-1026.97-1032.77-1041.5-1041.75-1048.25
   1.4296–1.4332–1.4478–1.4559–1.4581-1.4579–1.4618
   Right now: 1051 and 1.4635
   They are closing prices of S&P and Eur/USD…highly correlated. If there’s no drop in stocks, this pair is not going to drop. Friday futures matures. Week after stocks drop 80% of the times (So I’m told)…we may have to wait till then. Tks very much

3. on 15 Sep 2009 at 5:26 pm3smith

   yes, I know the correlations, but as I know the US Treasury is on the buy side on the stock markets just for holding and creating the view of the recovery. They have unlimited capital for doing this and they do.

4. on 15 Sep 2009 at 5:39 pm4maxi

   smith, the fx does not follow stock market as you say

5. on 15 Sep 2009 at 5:50 pm5smith

   maxi, fx follows the markets. the indices are flying now and the EURUSD has touched a new local high.
   we are just waiting for the USD gaining move but not happens.

6. on 15 Sep 2009 at 5:57 pm6smith

   Doc, I think this is not the expected moves…

7. on 15 Sep 2009 at 5:59 pm7mz

   are we still expecting a drop?

8. on 15 Sep 2009 at 7:07 pm8maxi

   smith, not follows precisley, its intergarted, you can see what I mean in terms of volume of moves at different weeks…

   i think rise is happening, eur and gbp are being handled alernatively, that is why eur rises…

   playaz can move money quickly from one market to the next

9. on 15 Sep 2009 at 7:20 pm9maxi

   we should do pole, who think dip to 250 or rise from here??
   doc, what do you think?

10. on 15 Sep 2009 at 8:00 pm10smith

    Doc, today’s move (almost overall USD gaining) is in line with your expectation? We have seen good drop in GBP but EURUSD is unable to make significant drop just another enermous upward stop hunt and denominator currencies are dropping again.
    I do not know whether the traders sentiment has changed or not perhaps in EURUSD (maybe a lot of short were covered) but I am not sure.

11. on 15 Sep 2009 at 8:07 pm11jefe

    Dr,
    GU???
    Last week or so you mentioned that there were still longs being held in the 1.69-1.70 areas.
    This meant those long holders held at the previous lows of 1.6113. If these long holders closed those positions- this would be new supply for the players to absorb.
    curently (at least from my not reliable source– 59% of traders are short GU.– waiting for the big plunge…

    A continued trend below 1.6113 would allow the shorts to profit- and some longs may close- the shorts would get to close their postions (by buying- and possibly absorbing the longs that close) This would not benefit the players. as there would be less lots for them to purchase.

    IF prices on GU remain above 1.6113-(say 1.62ish) AND longs continue to hold out- shorts would be waiting for lowere lows and then the players could raise the GU above 1.70– trapping the short sellers- Ideally having the longs cut- and take short positions and current shorts to hold positions- would benefit players as they could then quickly raise the price trapping 70-80% of the market caught short.

    I’m not sure I understanding what % of the traders needs to be in position before players turn- but I suspect its close to 80-90% (although they are always against)

12. on 16 Sep 2009 at 6:31 am12hugme

    What’s Dr. prediction today?Can anybody tell? Many thanks.

13. on 16 Sep 2009 at 6:44 am13Chris

    jap = swing n firm
    eur = swing slide eur mid firm
    us = drop

14. on 16 Sep 2009 at 7:20 am14carlab

    Hi Chris:
    Sorry is he saying usd to become weaker? or weaker euro in us session, pls?
    Tksvery much

15. on 16 Sep 2009 at 7:23 am15hugme

    thank you ,Chris!

16. on 16 Sep 2009 at 8:41 am16lostindiscussion

    hi whats GU ?

Theme by Forex Street Powered by Wordpress