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  • #14,501
  • Jul 14, 2008 10:35am Jul 14, 2008 10:35am
So what're the bets people, 1.64 anyone ?
On the path to Enrichment.
  • #14,502
  • Jul 14, 2008 10:37am Jul 14, 2008 10:37am
Quoting Jurrasic
So what're the bets people, 1.64 anyone ?
Possible.

I see 1.7 though LOL.
  • #14,503
  • Jul 14, 2008 10:38am Jul 14, 2008 10:38am
Quoting Jurrasic
So what're the bets people, 1.64 anyone ?
1.46 because Obama is strong dollar man, lots of change
  • #14,504
  • Jul 14, 2008 10:42am Jul 14, 2008 10:42am
Quoting Russell
Possible triple bottom(or double if you prefer) at 1.5350 HEH Just trying to cause problems.
Nice Try...think that would be a bit over optimistic...but possible...in this case for the daily chart...nr3 has to reach 1.5350..coming down from current levels...

A triple bottom pattern displays three distinct minor lows at approximately the same price level. The triple bottom is considered to be a variation of the head and shoulders bottom. Like that pattern, the triple bottom is a reversal pattern.
The only thing which differentiates a triple bottom from a head and shoulders bottom is the lack of a "head" between the two shoulders. The triple bottom illustrates a downtrend in the process of becoming an uptrend. It is, therefore, vital to the validity of the pattern that it commence with prices moving in a downtrend.
  • #14,505
  • Jul 14, 2008 10:43am Jul 14, 2008 10:43am
Quoting uncleforex
True, but even on saturday morning, I kinda knew e/u would go lower first, before heading higher.

That was my game plan.

And it turned out pretty quite good.
In most cases there's some trend move on Fridays and in most cases it will reverse to some extent at least on Sundays (for EU). Most times a good idea to place a carefull (relatively small) trade with a wide SL and bank some pips.
On the path to Enrichment.
  • #14,506
  • Jul 14, 2008 10:47am Jul 14, 2008 10:47am
Quoting Clouds
1.46 because Obama is strong dollar man, lots of change
I'd think it would have the opposite effect if you elected him, the arabs and Russia will see he's weak and try to get more cash for their oil.
On the path to Enrichment.
  • #14,507
  • Jul 14, 2008 10:49am Jul 14, 2008 10:49am
Quoting cgldsmth
and fall back down again!

Bull-trap IMO. I just can't see any big-boy buyers keen enough to take euro beyond 1.6. Sentiment just seems to be turning pro-USD for the rest of this year.
LOL.

If that was a joke it was really funny... "Sentiment just seems to be turning pro-USD for the rest of this year"--LOLOL
  • #14,508
  • Jul 14, 2008 10:56am Jul 14, 2008 10:56am
absolutely no joke, I think this trend is looking exhausted. But it's all guesswork, NO-ONE knows the answers.
TRADE FOR SWAP
  • #14,509
  • Jul 14, 2008 11:00am Jul 14, 2008 11:00am
Like is in the song of Elton John: "I believe in FALL..."
  • #14,510
  • Jul 14, 2008 11:03am Jul 14, 2008 11:03am
Quoting uncleforex
Possible.

I see 1.7 though LOL.

YES~~~~ the BULLS are BACK!!!!!
  • #14,511
  • Jul 14, 2008 11:09am Jul 14, 2008 11:09am
And up it goes

Coming closer to my 1.6 target
  • #14,512
  • Jul 14, 2008 11:13am Jul 14, 2008 11:13am
http://bp2.blogger.com/_nmIuQsC9b-Q/...r++EUR+USD.png
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  • #14,513
  • Edited 9:59pm Jul 14, 2008 11:14am | Edited 9:59pm
Quoting cgldsmth
absolutely no joke, I think this trend is looking exhausted. But it's all guesswork, NO-ONE knows the answers.
Sometimes we get so caught up in being right we forget this simple truth.
Plan your trades, trade your plan.
  • #14,514
  • Jul 14, 2008 11:19am Jul 14, 2008 11:19am
Quoting uncleforex
And up it goes

Coming closer to my 1.6 target
the huge rise from last friday, and the big consolidation we had today, I am looking further than 1.6.... let's hope i'm right...
  • #14,515
  • Jul 14, 2008 11:24am Jul 14, 2008 11:24am
-For Euro bulls-
Interview with Jim Rogers http://www.bloomberg.com/avp/avp.htm...QvD7yNni2I.asf
This guy gets right to the point of things.
  • #14,516
  • Jul 14, 2008 11:31am Jul 14, 2008 11:31am
Quoting Russell
-For Euro bulls-
Interview with Jim Rogers http://www.bloomberg.com/avp/avp.htm...QvD7yNni2I.asf
This guy gets right to the point of things.

couldn't load the video somehow, what's the summary of the interview?
  • #14,517
  • Edited 11:39am Jul 14, 2008 11:37am | Edited 11:39am
Quoting dragoncat
couldn't load the video somehow, what's the summary of the interview?
Doom and Gloom for the US. If you go to bloomberg's main page you should
see the link. It's under "watch now". Maybe that will work?
  • #14,518
  • Jul 14, 2008 11:40am Jul 14, 2008 11:40am
Btw I closed most of my longs @ 1.5926 just now.

Wanna sleep early.

Bye.
  • #14,519
  • Jul 14, 2008 11:55am Jul 14, 2008 11:55am
Quoting Russell
Doom and Gloom for the US. If you go to bloomberg's main page you should
see the link. It's under "watch now". Maybe that will work?
scary, although i'm still a long term bull, but it's just hard to imagine what could happen if things continue to get worst for US, it can't be too good for the whole world economy overall, and what about things like war? But no point trying to predict the future..
  • #14,520
  • Jul 14, 2008 12:00pm Jul 14, 2008 12:00pm
hey traders,
Euro dollar didnt reach my critical level of 1 60, however no big down move, i think the chances are not to bad. If we reach 1 60, there are going to be a lot of buy orders! Take care
Paul
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