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Rob
(New York, United States)
33 Posts by Anonymous "rob":
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Rob
New York, United States
Posts: 305
15 years ago
Jul 2, 2009 20:36
In Thread: Green Shoots Fatigue & Intermarket Setup
Guess it took another 25 points down in the dow to get it moving down
Rob
New York, United States
Posts: 305
15 years ago
Jul 2, 2009 20:04
In Thread: Green Shoots Fatigue & Intermarket Setup
speculator - I agree, especially given the weak UK construction PMI - Also, China apparently has added another comment saying that the dollar as reserve was STABLE.
Rob
New York, United States
Posts: 305
15 years ago
Jul 2, 2009 19:48
In Thread: Green Shoots Fatigue & Intermarket Setup
Hi Ashraf,

Hoping you can offer some thoughts - I shorted GBP/USD at 1.6380 and it seems rather bullish and not willing to go under 1.6400. I'm hoping Asian markets sell it, but the GBP seems the strongest today. It looks hopeful that a triple top is forming at 1.6425 but still quite bullish. BOE interest rate decision is next week, but quite far off. Also, there is a bullish weekly channel that I just noticed. Hmmm... Thanks
Rob
New York, United States
Posts: 305
15 years ago
Jul 2, 2009 17:32
In Thread: Where will EURUSD close by end of June?
Hey Ashraf,

Do you suspect the Chinese talk will affect GBP/USD much? I'm in with a new short at 1.6380, lower than I'd like to be. It appears very reluctant to both go above or below presumed 1.6400 resistance. However, I would think that days like today make the Chinese happy because of the strength in the dollar and a good time for them to keep flip-flopping and state that it's not urgent to replace USD.
By the way, it seems Asia should fall off a cliff (not necessarily from North Korean nukes) after today in NY - should boost the USD and JPY a bit more. Best
Rob
New York, United States
Posts: 305
15 years ago
Jul 2, 2009 17:09
In Thread: Green Shoots Fatigue & Intermarket Setup
Cougr,

Couldn't have said it better - "the tolerance and the will"
Rob
New York, United States
Posts: 305
15 years ago
Jul 2, 2009 16:36
In Thread: Green Shoots Fatigue & Intermarket Setup
Everybody on this site - let's here it - 3 Cheers for Ashraf on some Great calls!!! Particularly the targets, which are invaluable. Because even if you know which way the pairs are headed, you can be lost in the woods without a compass without those targets (at least for me). Thanks a bunch!
Rob
New York, United States
Posts: 305
15 years ago
Jul 1, 2009 21:31
In Thread: Green Shoots Fatigue & Intermarket Setup
Hey Ashraf,

Just a quick thanks for that 1.1450 support level in USD/CAD - helped me gauge when to get back in - let's shoot for 1.1520 then 1.1580! Then hopefully 1.1720 - I'm assuming those levels are still intact. Though NFP could goof things up. Cheers
Rob
New York, United States
Posts: 305
15 years ago
Jul 1, 2009 17:50
In Thread: USDJPY 4-week Cycles
Steven,

Out of nowhere? Any ideas why? Thanks for the response, I was totally scratching my head.
Rob
New York, United States
Posts: 305
15 years ago
Jul 1, 2009 17:36
In Thread: USDJPY 4-week Cycles
14raj,

Careful, have you noticed how erratic the market has been the past hour or so - staying within ranges though. Seems like it's pushing for Dollar strength, which I've seen be Yen positive (against USD). General risk aversion stuff, but equities are sky high. Sounds like resistance stands at 97-97.20.

Can anyone explain what's going on right about now? Was there a bond auction - I can't find one. Thanks
Rob
New York, United States
Posts: 305
15 years ago
Jul 1, 2009 17:14
In Thread: USDJPY 4-week Cycles
Cougr,

Let's hope that 1.1450 support holds which it looks like it is.
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