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- laffin2bank replied Jul 26, 2012
Not if any morons, like those on this forum, keep buying the highs today! 1. Merkel on vacation. 2. Germany won't go along with this. 3. Draghi is just blowing smoke. 4. Nothing he said is actually going to happen, at least there is no confirmation ...
- laffin2bank replied Jul 18, 2012
The 13 year avg price of EUR?USD is 1.2191. It's relatively expensive here!!
- laffin2bank replied Jul 18, 2012
How did those euro targets of 1.30 I kept hearing about in here 2 weeks ago work out, boys? Sell sell sellll it all the way to 1.18
- laffin2bank replied Jul 2, 2012
Put your money under the mattress if you think Gann & Fib's are the secret sauce to making money in the currency market.
- laffin2bank replied Jul 2, 2012
url It's sad that people like you have a vote at all.. you clearly have absolute no understanding of how monetary systems operate whatsoever.
- laffin2bank replied Jul 2, 2012
We're discussing monetary economics, completely relevant to trading EUR/USD. If you can't see that then GTFO you amateur.
- laffin2bank replied Jul 2, 2012
The simple fact of the matter is that inflation is tied to prices, not the quantity of money, and we are in a deflationary, recessionary environment where most citizens are broke and have very little purchasing power. Milton Friedman was DEAD WRONG ...
- laffin2bank replied Jul 2, 2012
Also the rise of commodity ETF's over the past 20 years resulted in a massive influx of money from long-only funds hedging with commodities indexes...which in turn take that money and buy a basket of the underlying commodities... artificially ...
- laffin2bank replied Jul 2, 2012
"Although we no longer have a convertible currency system (where the currency was convertible into gold as was the case under the Gold Standard) much economic thinking remains clouded by the belief that we continue to operate on a comparable system ...
- laffin2bank replied Jul 2, 2012
url Please read this because it will, if nothing else, light up a few bulbs in your head regarding this and make you see the US system for what it is...
- laffin2bank replied Jul 2, 2012
Does anyone else see a gap down from 1.2624 to 1.2618 between the 2:05AM and 2:10AM 5min candles
- laffin2bank replied Jul 2, 2012
So yes obviously in 41 years you should expect inflation... even if its only growing 2.5% y/y that will still make a massive impact, which can be calculated ... (1x1.025^41) ... making a par value of 100 today, or a basket of goods at 100 today, ...
- laffin2bank replied Jul 2, 2012
Like, an iPhone is genuinely worth more than a rotary dial phone from 1971. Haven't you ever read history, like about the populist party in the late 19th Ce...you shall not crucify us upon your cross of gold!
- laffin2bank replied Jul 2, 2012
Ha. Yes... That's not ALL inflation, that's real growth. GDP is up a staggering amount from back then too... if there wasn't more dollars than there would just be a lot more credit in the system...making it susceptible to liquidity crunches. ...
- laffin2bank replied Jul 2, 2012
Pay me the $5 whenever, ha. But it looks to me like a double bottom is forming on the 5 min chart at 1.2617, the high of 3:05 PM Friday, June 28...before the buying really got overdone in the pits in Chicago right before the cash close.
- laffin2bank replied Jul 2, 2012
Thanks! and no flame wars, I'll shut up!
- laffin2bank replied Jul 2, 2012
anyone tell me how you get your pics of charts? I only know how to do screenshots
- laffin2bank replied Jul 2, 2012
Haha sorry for the confusion man. I was arguing with some guy before, idk why, and just proving that the branch of economics I was taught in college and subscribe to still today (Modern Monetary Theory--Hyman Minsky) have been all over this Euro ...
- laffin2bank replied Jul 2, 2012
url Don't get caught short with your pants down if the dollar tanks this week. AUSSIE. KIWI!
- laffin2bank replied Jul 2, 2012
Cool, one thing I got very wrong was timing. Thought they'd move it along by now and get back to their own currencies and deflate them until they can export cheaply and get growth going again...but they're foregoing democracy to be part of the Euro ...