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  • #1,217,941
  • Aug 23, 2022 1:35am Aug 23, 2022 1:35am
Euro gets hammered because of Eastern European countries guys. Powerhouses of EU, Germany and France central bankers are voting for rate hikes for almost a year now, but unemployment is very high in Balkan and Baltic countries so they don't want any rate hikes. That's why ECB fell behind and so the Euro. They just started hiking last month while FED is hiking the rates since March
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  • #1,217,942
  • Aug 23, 2022 2:55am Aug 23, 2022 2:55am
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I don't know how far this will go . . . .

  • #1,217,943
  • Edited 3:21am Aug 23, 2022 3:08am | Edited 3:21am
Quoting Nordling
Euro gets hammered because of Eastern European countries guys. Powerhouses of EU, Germany and France central bankers are voting for rate hikes for almost a year now, but unemployment is very high in Balkan and Baltic countries so they don't want any rate hikes. That's why ECB fell behind and so the Euro. They just started hiking last month while FED is hiking the rates since March

Only two small countries from Balkan are in EU, their eonomy is to small for any EUR move on the market, same as Baltic....
  • #1,217,944
  • Aug 23, 2022 3:13am Aug 23, 2022 3:13am
Quoting Beli
{quote} Only two small countries from Balkan are in EU, their eonomy is to small for any EUR move on the market!
don't know much about the Balkans, but overall his theory is spot on. If interest rates do go up like in the US, expect a lot of small countries to go into serious trouble, starting with Greece that just the other day got rid of the controls from the last crisis. The FMI/EU wouldn't have time unpack their backs and would be back there in weeks.
  • #1,217,945
  • Aug 23, 2022 3:45am Aug 23, 2022 3:45am
Quoting Beli
{quote} Only two small countries from Balkan are in EU, their eonomy is to small for any EUR move on the market, same as Baltic....
Greece, Bulgaria, Romania, Croatia, Slovakia, Slovenia, Cyprus, Latvia, Estonia, Lithuania also a bonus with high unemployment: Spain.

As you see they outnumber the powerhouses in the voting.
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  • #1,217,946
  • Aug 23, 2022 4:01am Aug 23, 2022 4:01am
Quoting Nordling
{quote} Greece, Bulgaria, Romania, Croatia, Slovakia, Slovenia, Cyprus, Latvia, Estonia, Lithuania also a bonus with high unemployment: Spain. As you see they outnumber the powerhouses in the voting.
Man, hi.

they do NOT outnumber the powerhouses because the "leaders" in those countries are employees and puppets of the powerhouses.....



  • #1,217,947
  • Aug 23, 2022 4:01am Aug 23, 2022 4:01am
Quoting Nordling
{quote} Greece, Bulgaria, Romania, Croatia, Slovakia, Slovenia, Cyprus, Latvia, Estonia, Lithuania also a bonus with high unemployment: Spain. As you see they outnumber the powerhouses in the voting.
yep, there is the voting problem, for as big as Germany and France are, the voting system with so many countries with so different needs makes it hard to navigate things in a purely disconnected view. And in some issues a single country can block things.

Don't Forget about Portugal and Italy (massive debts and the economies basically run on cheap debt)
  • #1,217,948
  • Aug 23, 2022 4:04am Aug 23, 2022 4:04am
Quoting F.g
{quote} Man, hi. they do NOT outnumber the powerhouses because the "leaders" in those countries are employees and puppets of the powerhouses.....
on major issues the countries run things, the "leaders" are there just for the ride
  • #1,217,949
  • Aug 23, 2022 4:07am Aug 23, 2022 4:07am
Quoting F.g
{quote} Man, hi. they do NOT outnumber the powerhouses because the "leaders" in those countries are employees and puppets of the powerhouses.....
Then why did ECB hike the rates too late buddy? While Germany and France started voting for a rate hike almost a year ago?
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  • #1,217,950
  • Aug 23, 2022 4:12am Aug 23, 2022 4:12am
Quoting Polimini
{quote} yep, there is the voting problem, for as big as Germany and France are, the voting system with so many countries with so different needs makes it hard to navigate things in a purely disconnected view. And in some issues a single country can block things. Don't Forget about Portugal and Italy (massive debts and the economies basically run on cheap debt)
Exactly, Italy and Portugal are also a burden for the Euro and the ECB.

If Germany and France had their own currencies, like Mark and Frank, i am sure they would start hiking way earlier than the FED. We could have went long on Mark/Dollar, Frank/Dollar.
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  • #1,217,951
  • Aug 23, 2022 4:16am Aug 23, 2022 4:16am
Quoting Nordling
{quote} Exactly, Italy and Portugal are also a burden for the Euro and the ECB. If Germany and France had their own currencies, like Mark and Frank, i am sure they would start hiking way earlier than the FED. We could have went long on Mark/Dollar, Frank/Dollar.
there is a lot of "dead weight" in the EU, it's fine, when things are good, for Germany and France to offload their shit and prompt their economies but when things go wrong they are a liability.
  • #1,217,952
  • Edited 5:58am Aug 23, 2022 4:19am | Edited 5:58am
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in downtrend LPSy = entry point sell
in uptrend LPS = entry point buy
it's not what I thought it was, but R.D Wyckoff and wyckoff's mentors said
why????
because we are follow intrest and psychology of the smart money to build the trend in phase D .... don't use our hope, fear, greedy
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smart money trend = downtrend in tf MN1
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and now , price in wave 3 .... tf monthly
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The Average Discount Everything
  • #1,217,953
  • Aug 23, 2022 5:24am Aug 23, 2022 5:24am
Fascinating to see people on short time frames thinking this can't go any lower, even taking long positions.

I would not long EUR/USD with my worst enemy's money.

These short time frames DECEIVE.
  • #1,217,954
  • Aug 23, 2022 5:25am Aug 23, 2022 5:25am
Quoting F.g
{quote} Man, hi. they do NOT outnumber the powerhouses because the "leaders" in those countries are employees and puppets of the powerhouses.....

The EU is, and has always been, an 'elite' project.

It's all about power for bureaucrats. Not 'common prosperity'.
  • #1,217,955
  • Aug 23, 2022 5:26am Aug 23, 2022 5:26am
Obligatory chart
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  • #1,217,956
  • Aug 23, 2022 6:16am Aug 23, 2022 6:16am
Quoting JauntyLoon
Fascinating to see people on short time frames thinking this can't go any lower, even taking long positions. I would not long EUR/USD with my worst enemy's money. These short time frames DECEIVE.
if people are on short time frames they take short time positions that can be different from people looking into longer time frames taking longer positions, your comment makes no sense at all.
  • #1,217,957
  • Aug 23, 2022 6:30am Aug 23, 2022 6:30am
Quoting Polimini
{quote} if people are on short time frames they take short time positions that can be different from people looking into longer time frames taking longer positions, your comment makes no sense at all.
right, and theres going to be a bunch of news and i wouldnt mind my 2 cents to have a long reversal position on EU (im only trade h4/h1)
Not all deaths are the same.
  • #1,217,958
  • Aug 23, 2022 6:36am Aug 23, 2022 6:36am
Quoting Polimini
{quote} if people are on short time frames they take short time positions that can be different from people looking into longer time frames taking longer positions, your comment makes no sense at all.

It makes plenty of sense.

Which is better? Going long/short multiple times a day and losing money or holding on to a winning trade placed some days ago?

  • #1,217,959
  • Aug 23, 2022 6:41am Aug 23, 2022 6:41am
Quoting JauntyLoon
{quote} It makes plenty of sense. Which is better? Going long/short multiple times a day and losing money or holding on to a winning trade placed some days ago?
there is no right answer to that question, you can win or lose money doing both.
There are successful traders just scalping, i bet most people here are just day trading/scalping even if they take long positions from time to time.

Edit: I made a lot of money going short for a couple of days on one account, and made more day trading/scalping on another account using the retracements. Made money on both
  • #1,217,960
  • Edited 7:47am Aug 23, 2022 6:44am | Edited 7:47am
Quoting JauntyLoon
{quote} It makes plenty of sense. Which is better? Going long/short multiple times a day and losing money or holding on to a winning trade placed some days ago?
i think nothing is better, many trader i know just using a bigger tf for their trading and have regular profit when trading with strict discipline + calm patient
and Id like to trade on big tf(1/4h) cos its make me stresszero
Not all deaths are the same.
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