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  • #16,501
  • Jul 28, 2008 12:52pm Jul 28, 2008 12:52pm
Quoting Clouds
Exactly. I'm shorrt on the big mac.

I'm Shorting the Big Mac and Long on the Fillet o Fish ...

Obesity is on the rise and I see a HUGE demand for lower fat meats.

This will 100X your account in 30 years. I will post charts in a moment. hahaha
  • #16,502
  • Jul 28, 2008 12:55pm Jul 28, 2008 12:55pm
Quoting Finsbury
If the price stop at 15580...........go up at 164........(Max 160 + 420 rettangle)....= 164.20
Testing. I am new to FOREX (just over two months). I have enjoyed reading and learning from the posts on this thread. I mostly do scalping, but am trying hard to learn trend-trading. Paying close attention to what you all have to say about chart-reading also.
Up or down, gimme a ticket
  • #16,503
  • Jul 28, 2008 12:55pm Jul 28, 2008 12:55pm
http://www.stanford.edu/class/msande247s/bigmac02.htm

So those seriously about to long or short the Big Mac know what I'm on about.
Not all sins are created equal
  • #16,504
  • Jul 28, 2008 1:00pm Jul 28, 2008 1:00pm
Still in bull territory, so if it bounces off 1.5715 im in or anywhere around that.

Gratiae
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"Diversification is an excuse for a lack of talent" ~FXC
  • #16,505
  • Jul 28, 2008 1:03pm Jul 28, 2008 1:03pm
BULLET: EURO-DOLLAR: $1.5745 currently, "nope, nothing going.

EURO-DOLLAR: $1.5745 currently, "nope, nothing going on," a trader says,
agreeing that modest earlier lift may have come at the hands of cable
where new highs were set for the session a short while ago. Trader
surmises that with recent markets seen as quite punishing, many have
stepped to the sidelines ahead of month end.

Provided by: Market News International
  • #16,506
  • Jul 28, 2008 1:11pm Jul 28, 2008 1:11pm
Quoting coldrecs
BULLET: EURO-DOLLAR: $1.5745 currently, "nope, nothing going.

EURO-DOLLAR: $1.5745 currently, "nope, nothing going on," a trader says,
agreeing that modest earlier lift may have come at the hands of cable
where new highs were set for the session a short while ago. Trader
surmises that with recent markets seen as quite punishing, many have
stepped to the sidelines ahead of month end.

Provided by: Market News International
let me guess you got that from FXSolutions news feed.
"Diversification is an excuse for a lack of talent" ~FXC
  • #16,507
  • Jul 28, 2008 1:12pm Jul 28, 2008 1:12pm
What do you think FXCapitalist..will it go futher up ? will it break 1.577 ..isn't there a strong fib level at 1.5820/30. ?
Fools Rushing
  • #16,508
  • Jul 28, 2008 1:13pm Jul 28, 2008 1:13pm
without a doubt, that area around 1.5820 has me project it towards the 80 RSI level, if RSI closes above or even pierces that we are no doubt in bull territory. We already are but it has to get stronger.
"Diversification is an excuse for a lack of talent" ~FXC
  • #16,509
  • Jul 28, 2008 1:19pm Jul 28, 2008 1:19pm
Quoting FXCapitalist
without a doubt, that area around 1.5820 has me project it towards the 80 RSI level, if RSI closes above or even pierces that we are no doubt in bull territory. We already are but it has to get stronger.
i'm thinking of selling dips to the resistant level ..what do you think ? will there be a strong retracement to the fib .
Fools Rushing
  • #16,510
  • Jul 28, 2008 1:19pm Jul 28, 2008 1:19pm
Quoting FXCapitalist
let me guess you got that from FXSolutions news feed.
SaxoBank actually. But same news services are used by many others. Like FXCM, MGForex etc

What seems odd to me is that althogh the stock market and oil market are very active, FX is sleeping ...
  • #16,511
  • Jul 28, 2008 1:21pm Jul 28, 2008 1:21pm
Quoting coldrecs
SaxoBank actually. But same news services are used by many others. Like FXCM, MGForex etc

What seems odd to me is that althogh the stock market and oil market are very active, FX is sleeping ...
i know FX is lagging around. But then again it's FX it can raise more hell than any market so it's ok.
"Diversification is an excuse for a lack of talent" ~FXC
  • #16,512
  • Jul 28, 2008 1:23pm Jul 28, 2008 1:23pm
Quoting MTF Test
i'm thinking of selling dips to the resistant level ..what do you think ? will there be a strong retracement to the fib .
im just long till Im short
"Diversification is an excuse for a lack of talent" ~FXC
  • #16,513
  • Jul 28, 2008 1:26pm Jul 28, 2008 1:26pm
Go bulls. ( buy buffalo= less fat, more protein)
Warning, lack of trading is dangerous to your survival......
  • #16,514
  • Jul 28, 2008 1:34pm Jul 28, 2008 1:34pm
Im long that pastrami and philly cheese steak extra provolone and a jous sauce. Long that Lamborghini haha
"Diversification is an excuse for a lack of talent" ~FXC
  • #16,515
  • Jul 28, 2008 1:55pm Jul 28, 2008 1:55pm
Quoting FXCapitalist
im just long till Im short
Finally a perfect system well done
Greed Kills
  • #16,516
  • Jul 28, 2008 2:19pm Jul 28, 2008 2:19pm
Quoting mhughes104
Finally a perfect system well done
And what system is that? I dont have a system.
"Diversification is an excuse for a lack of talent" ~FXC
  • #16,517
  • Jul 28, 2008 2:57pm Jul 28, 2008 2:57pm
The economic outlook for Germany remains bleak as consumer confidence declined to the lowest level in five years. GfK AG’s index fell to 2.1 for August from 3.6 in July, the lowest level since June 2003. Soaring energy prices coupled with upwards inflationary pressures have diminished consumer purchasing power. Additionally, record food prices and the U.S. housing slump has decreased demand for exports, also squeezing the economy.

DOWN, DOWN, DOWN... the EURO, the Euro-zone, Oil... etc.
  • #16,518
  • Jul 28, 2008 3:00pm Jul 28, 2008 3:00pm
http://www.dailyfx.com/story/chartin...250876288.html
  • #16,519
  • Edited 6:01pm Jul 28, 2008 4:56pm | Edited 6:01pm
When you consider that Paulson and Mishkin opened their gobs and German CC was the lowest figure for 5 years there hasn't been much movement, add in more bank seizures in the U.S. and oil ticking up (and probably overdue for a rally IMHO) and I still think there is more room on the upside for the EURUSD. Anyway.....I'm with FXCapitalist and I'm long until I stop with a trade running from last Thursday at 1.5650.
I would have expected a bit more movement but I think we are used to so much bad news coming out of the U.S. that the market has become anethetised..... econovacaine is probably a good term for it
  • #16,520
  • Jul 28, 2008 5:01pm Jul 28, 2008 5:01pm
Quoting Jay Walker
If you want something that doesn't taste like ass, WTF are you doing in a McDonald's?
lol, no.. a friend of a friend of mine who lived last semester in France told me so ..

btw, EU still looks risky for me, I'm out of those 20-30 pips rallies until a more defined trend shows in my charts (buying aussie instead ).
... /$ -> LONG
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