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  • #12,421
  • Jun 28, 2008 2:03pm Jun 28, 2008 2:03pm
Quoting acidguy
accord many indicators probably very strong uptrend and much based on usa economic doom. 1.62 probably next week...
Europe is frantically trying to stop inflation. The US central bankers are focused entirely on creating maximum inflation which they hope will super-burn the world's excess dollars US sent out for so many years as US Treasuries and US trade deficits.
  • #12,422
  • Jun 28, 2008 9:50pm Jun 28, 2008 9:50pm
Whenever EU is at 1.54, people keep saying lower, when EU is at 1.58, people keep saying higher. I'm going to look for a short on Sunday, but it won't surprise me if I see a long instead.
  • #12,423
  • Jun 28, 2008 9:58pm Jun 28, 2008 9:58pm
Quoting goldbug
Europe is frantically trying to stop inflation. The US central bankers are focused entirely on creating maximum inflation which they hope will super-burn the world's excess dollars US sent out for so many years as US Treasuries and US trade deficits.
thats rightt!!!!!.

and what about americans. i am not one but their future seems not so bright...
  • #12,424
  • Jun 28, 2008 10:17pm Jun 28, 2008 10:17pm
Quoting acidguy
1.62 probably next week...
4th run at 1.58XX, last time on the 4th run it took us ultimately to 1.6 up 1071 pips from the last range top in 1 month, 9 days.
Long term, if the trend holds.... and history repeats as it usually does...
1.7091 around Aug 5th 2008.
Range will be 1.63 - 1.71 for a few months... again.
Attached Image
  • #12,425
  • Jun 28, 2008 10:19pm Jun 28, 2008 10:19pm
Quoting acidguy
thats rightt!!!!!.

and what about americans. i am not one but their future seems not so bright...
I'm American, and I can say that both Europe and US are doing a poor job fighting inflation. If you compare Gold to EUR and USD, both currencies are doing poorly, but we aren't trading inflation. Regardless of your views on different economies, the question is will you make money on the next move... Next week should be the start of a very interesting week in forex, if it gets to 1.59 I see 1.65 in sight, if it goes to 1.55, I see 1.49 in sight. Traders are getting bored of 1.5350-1.5800 range and it will break out soon. I'm setting a buy or a sell order with a 50 pip trailing reversal.
  • #12,426
  • Jun 28, 2008 10:26pm Jun 28, 2008 10:26pm
Quoting acidguy
thats rightt!!!!!.

and what about americans. i am not one but their future seems not so bright...
As an American, the one thing I can say for certain, it might not seem like it now, but the futures so bright, ya gotta wear shades.

The US is made mostly of people who's lineage back 1-3 generations ago were not living in this country. They survived the 20's, 30's, 60's, 70's, 80's and even the bad music of the 90's. It will be up to the people of this country to pull together, get through this time, learn from it and move forward. Just like every generation before has.
  • #12,427
  • Jun 28, 2008 10:31pm Jun 28, 2008 10:31pm
Quoting Fx_Genius
4th run at 1.58XX, last time on the 4th run it took us ultimately to 1.6 up 1071 pips from the last range top in 1 month, 9 days.
Long term, if the trend holds.... and history repeats as it usually does...
1.7091 around Aug 5th 2008.
Range will be 1.63 - 1.71 for a few months... again.
That's the argument all bulls make, that chart, but it's happened just once before so it's nothing to predict for certain, also if you look closer we are at the 5th top, and the 1st and 2nd top was much higher than the 3,4,5. With UJ showing signs of a reversal, it stands to reason that we could be in the process of an EU reversal. Now, look at GJ when it went from 2.50 to 2.00. There was no reason for that, nothing major happened with England or Tokyo, it was just a reversal. EU could go from 1.58 to 1.1 fast.
  • #12,428
  • Jun 28, 2008 10:42pm Jun 28, 2008 10:42pm
History may repeat itself, but how high we going? 1.7? 2.7? 3.7? What is G8 going to say about anything past 1.6? History also has a pattern of 'What goes up, must come down...'
  • #12,429
  • Jun 29, 2008 4:05am Jun 29, 2008 4:05am
This is my analysis for Eur/USD for the first week of July!!!
Find any similarity???

I shall take some profit of last week and
I will wait for a strong break on the pivot line, before the another LONG entry....

http://i29.tinypic.com/5estj9.jpg


sonic
  • #12,430
  • Jun 29, 2008 4:34am Jun 29, 2008 4:34am
And just like mine too. There is a monthly resistance at .5821. If the price breaks that, maybe time for a long?

If it bounces off, maybe a short down to somewhere close to the bottom of the range?

Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 19 KB
  • #12,431
  • Jun 29, 2008 6:15am Jun 29, 2008 6:15am
Quoting sonicdeejay
This is my analysis for Eur/USD for the first week of July!!! Find any similarity???

http://i29.tinypic.com/5estj9.jpg

IMO, this next fortnight is an inflection point for the Euro if it is to continue this strong trend above $1.60. Yes, there is a similarity and all the signs (data) are aligning this week with the ECB interest rate policy and NFP numbers to give the Euro that needed incentive to go higher. Add to that the July 4th Independence Day holiday where many would not want to be at the very least be short Crude.

Whether those expectations will pan out or reverse, one thing's for sure is it will be a fascinating week with actions galore. Get ready to buckle up your seat belts!
Just trying to make some dollars and sense...
  • #12,432
  • Jun 29, 2008 1:46pm Jun 29, 2008 1:46pm
HERE WE GO GERMANY VS SPAIN!!! W00t!!!!!
"Diversification is an excuse for a lack of talent" ~FXC
  • #12,433
  • Jun 29, 2008 1:52pm Jun 29, 2008 1:52pm
Quoting FXCapitalist
HERE WE GO GERMANY VS SPAIN!!! W00t!!!!!
yes... if Spain wins... .. SHORT EURUSD.
if Germany wins ... good for the euro... LONG EURUSD
  • #12,434
  • Jun 29, 2008 2:07pm Jun 29, 2008 2:07pm
Quoting emda
yes... if Spain wins... .. SHORT EURUSD.
if Germany wins ... good for the euro... LONG EURUSD
More like...

If Spain wins... LONG Euro... (Short DAX?)

If Germany wins... LONG Euro

Just trying to make some dollars and sense...
  • #12,435
  • Jun 29, 2008 2:12pm Jun 29, 2008 2:12pm
Good to see You here!!!
Quoting Clouds
I'm American, and I can say that both Europe and US are doing a poor job fighting inflation. If you compare Gold to EUR and USD, both currencies are doing poorly, but we aren't trading inflation. Regardless of your views on different economies, the question is will you make money on the next move... Next week should be the start of a very interesting week in forex, if it gets to 1.59 I see 1.65 in sight, if it goes to 1.55, I see 1.49 in sight. Traders are getting bored of 1.5350-1.5800 range and it will break out soon. I'm setting a buy or a sell order with a 50 pip trailing reversal.
  • #12,436
  • Jun 29, 2008 2:14pm Jun 29, 2008 2:14pm
so far we have no short no longs...hope it wll be Spain.
Quoting PiP sL@y3r
More like...

If Spain wins... LONG Euro... (Short DAX?)

If Germany wins... LONG Euro

  • #12,437
  • Jun 29, 2008 2:19pm Jun 29, 2008 2:19pm
we shoul go logng LONG SPAIN is leading waw
Quoting capetown
so far we have no short no longs...hope it wll be Spain.
  • #12,438
  • Jun 29, 2008 2:19pm Jun 29, 2008 2:19pm
Quoting capetown
so far we have no short no longs...hope it wll be Spain.


jajajaja
I let you edit the message
  • #12,439
  • Jun 29, 2008 2:37pm Jun 29, 2008 2:37pm
GOAAALL GOAAAALLLLL


Fernando Torres!!!!

ESP 1
GER 0

HALF TIME!


EURO SHORTS ARE BUILDING UP =[
"Diversification is an excuse for a lack of talent" ~FXC
  • #12,440
  • Jun 29, 2008 3:04pm Jun 29, 2008 3:04pm
Hope they will hold it.

Sorry that we post this, but for us in Europe football is religion!!!!
As well forex for me, even my wife think that I just got married with FX.So, really sorry, EMDA.
Even I watch Your posts and read my article in Aus... thread in one hour ago.
Quoting FXCapitalist
GOAAALL GOAAAALLLLL


Fernando Torres!!!!

ESP 1
GER 0

HALF TIME!


EURO SHORTS ARE BUILDING UP =[
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