Yeah, the 10yrs bond yield % are creeping down too, people are buying US bond like mad now.

There is ur top 4425-26, miss by 15pips ...sorry guys.

This post has been edited by billytong: Sep 8 2008, 02:22 PM

Well I am holding a 4418 here with SL @ +1pip. Gonna try Hopefully praying to hold to new low below 4200.

Well force to Take 4 USD if it hit my SL.

I am well aware of those 2 cases. At this moment with FNM, FDM got back by Gov, it is a very good news to USA.

4310-15 was previous Resistant that I called b4. I guess it is the support now for temp

This post has been edited by billytong: Sep 8 2008, 03:02 PM

That being said 4310-20 is temp support. The next one should be final for EU 4280-90s. EU has dropped over 120pips time for a break. (timeout)

EDIT grammar fix.

This post has been edited by billytong: Sep 8 2008, 04:02 PM

What in the world the euro tank so much. This thing happen faster than I expected. I tot of new euro low, but didnt expect to come today

Bank ~1282 pips = 1282 USD. Still holding last short @ 4418

I only go out a while, then come back... fuah scare me 260pips drop

Actually not consider 260pips drop... it is the gap this morning play tricks

Friday close @ 4260s drop 100 pips is reasonable.

Warning price action from my side shows the potential of 50-100pips falls from here. next key lvls 4260s if the 4230s expired.

yes we have dropped 260 pips but if there is no buyers, u can guess where it will go. I am not surprise another drop will happen tomorrow morning Asian hours. But certainly u dont see another kind of big drop like today.


Added :

There is also a possibilities that Shorters could TP ahead of housing tomorrow. Housing tmr is for Aug 2008, so most likely it will print red, unless US gov Edited the numbers last minute to support their recent move on the FNM,FDM bail out. U know politician like to do all sorts of lies to make them look good.

This post has been edited by billytong: Sep 8 2008, 09:11 PM

I will be looking for a short again. yest USD Slaughter everyone else.

USA economy is collapsing, the world economy is slow down only. Growth Slowed > collapsing. I wonder what fuel all this USD BULL. As much as Illogical it is I am shorting like mad

not really, with 6.1% unemployment the US is not really smell like rose. what happen FNM, FDM is not the last bank the collapse? we got Bear Stearns collapse earlier, now we have these 2 bigger ones. Whos next? It is not like US gov have unlimited amount of cash to cover those debt. The root problem is to solve all these issue is to get all the bank "generous" a bit to start LOANing money and fix the over supply housing. When the buying of housing start, then where the recovery come, and everything else will follow after then.

tbh the best place to put right now is JPY.


This post has been edited by billytong: Sep 9 2008, 08:10 PM

Well inflation is positive to a currency, with the world stock going red and there is almost no good major country that has no slow growth issue and commodity is bursting, I guess Yen is a safer bet. Besides, Yen is the only currency that is stand against the USD now. Thats for the yen part.

as For F&F i do have to give US gov a prize for this. They did a pretty good job on fixing this 2. F&F is part of the reason why I shake my hand when I long USD. When I heard that news come out sunday, I was heavy short, it is like nothing stop this me from longing USD anymore.

The next problem they need to fix is the unemployment. It seems like completely ignored, 6.1% and it might keep rising. buy USD? I need to think twice first, when the market focus back on the job we wont know.

This post has been edited by billytong: Sep 9 2008, 10:06 PM

it is because the world is slowing down now. the USA is in recovery mode.

In short, USA is 1 step further compared to the world.

For Eur/Usd, we are almost near the fair value of Eur/Usd which is around 1.35. I am will be less shorting when it is below 1.4