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  • #18,421
  • Aug 7, 2008 9:38pm Aug 7, 2008 9:38pm
no way it can go much lower from here, it`s crying for a retracment ...just my tech view
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  • #18,422
  • Aug 7, 2008 9:38pm Aug 7, 2008 9:38pm
Guys, this is a proper sell. It might not look like it now but in 1-2 weeks this thing will be at least 1.4900. It has broken a range and it will go down a lot. I have sold at 1.5440 and am targeting this.
  • #18,423
  • Aug 7, 2008 9:42pm Aug 7, 2008 9:42pm
Quoting dusty.piang
Warren Forex. If so, based on the vid, the trend, market calls are on the short side. we should be selling rallies
Everyone is Short ! Everyone is Negative !

Now the FUNDAMENTALS LEAD and the Technicals will follow...

I just bought and sold as it hit 1.5209 and sold for $89.00 in profits. Think for yourself and go against the masses with fundamental knowledge why you are doing it.
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  • #18,424
  • Aug 7, 2008 9:46pm Aug 7, 2008 9:46pm
Why is August said to be a volatile month? I have been trading for only 6 months and have been very successful... until this last trade. Went long on E/U @ 1.5581 (ouch), I am done for the week, need to get my head clear, but why is August said to be volatile?
  • #18,425
  • Aug 7, 2008 9:48pm Aug 7, 2008 9:48pm
Quoting daanman3
Guys, this is a proper sell. It might not look like it now but in 1-2 weeks this thing will be at least 1.4900. It has broken a range and it will go down a lot. I have sold at 1.5440 and am targeting this.
Could not agree more;

All support levels have been broken and these are not moves that just happen because a few hegde funds crackheads got nervous, this is a major shift and i expect 1.5 to be broken by the end of the session tomorrow;

Then 1.5 will act as resistance;

This is what i've been waiting for the greenback; Who's your beast now?
"Everybody needs money. That's why they call it money" - Danny De Vito
  • #18,426
  • Aug 7, 2008 9:48pm Aug 7, 2008 9:48pm
Looking back at all posts in this EUR/USD thread I think it might be a very good idea to split the thread in three:

1. Intra Day
2. Mid Term
3. Long Term

This would avoid confusion among users / traders, since I'm sure we have all three types in here

Any comments or someone related to FF with the possibility to implement this?

Just my 2 cents... (TM ShadowFX)
  • #18,427
  • Aug 7, 2008 9:49pm Aug 7, 2008 9:49pm
Quoting Warren Forex
Everyone is Short ! Everyone is Negative !

Now the FUNDAMENTALS LEAD and the Technicals will follow...

I just bought and sold as it hit 1.5209 and sold for $89.00 in profits. Think for yourself and go against the masses with fundamental knowledge why you are doing it.
Warren Forex,

Could you share your setting for scalping the 1 minute? I use 5 & 13 EMA, RSI 8, MACD default, not sure what SAR is

Thanks
  • #18,428
  • Edited 9:57pm Aug 7, 2008 9:51pm | Edited 9:57pm
Quoting acumen
The FED is done cutting rates.

You won't see a rate cut this year and the next move will be up.

The recessionary pressures are no worse here than they are on the other side of the pond.

Spain's in a recession and Germany is about the enter one.

The Euro-zone news over the past several months was more dismal than the US news.

I agree this move is exaggerated and a retrace will happen sooner than later.

HOWEVER - You can forget about a new high this year or any time in the near future. It's not coming back.

Oil is going back up... and then down to fair value... about $100 barrel.

Finally - I've you peruse my posts you will see I called this move a long time ago.

I called .5300 by the end of August. (Close enough) Actually - I called .5300 last December on a post with Jay.

I also called and Oil top at $140. (Close enough)

The question becomes... who is worse off... those in the Euro-zone or those in the US?
You are very clued in to things as I can see from your post.

However you have NO IDEA how bad it is now. There is at least another TRILLION of losses to report. The USA is on the brink of MELTDOWN.

Please Do yourself a favor and read Jim Sinclair each day at his free website at WWW.JSMINESET.COM

Snippet:

Posted On: Thursday, August 07, 2008, 9:12:00 PM EST
http://www.jsmineset.com/spacer.gif
Sleep Well Dollar Holders
http://www.jsmineset.com/spacer.gif
Author: Jim Sinclair
http://www.jsmineset.com/spacer.gif



Sleep well all you dollar holders in the belief that public funds will solve everything. The next time you hear a politician use the word "billion" in a casual manner think about whether you want them spending YOUR tax money. A billion is a difficult number to comprehend but one advertising agency did a good job of putting that figure into perspective. Here it is:
A.
A billion seconds ago it was 1959.
B.
A billion minutes ago Jesus was alive.
C.
A billion hours ago our ancestors were living in the Stone Age.
D.
A billion days ago no-one walked on the earth on two feet.
E.
A billion dollars ago was only 8 hours and 20 minutes at the rate our government is spending it.
Now think about the size of the notional value of the mountain of all derivative of which 95% are OTC Derivatives: One Quadrillion, one thousand one hundred and forty four trillion.(Source: The Bank for International settlements).
Many people out there are resting assured that all financial problems have been solved by the use of public funds to sustain those that created these problems in the first place. If you can sleep soundly with such a brew boiling while believing there are no CONSEQUENCES, you are taking some heavy duty sleep medication. Public money will not solve all problems and if there isn't enough we will simply print more. That's a recipe for disaster.





Dear Friends:
Please do not contact me with questions that have already been clearly answered in recent postings on jsmineset. It is simply not fair that I should have to write it on the website and then repeat everything orally to convince you not to worry.




Thanks for your comments !!!


Bruce

P.S. This is only about the real facts. There is no ego or right or wrong.

Things are really bad and so far it has not hit home yet to the market. The FED is desperate and things are going on behind the scenes.

Good Trading and nice to share thoughts with you.

Bottom Line ... It is beyond WORSE in the USA ...
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  • #18,429
  • Aug 7, 2008 9:54pm Aug 7, 2008 9:54pm
Quoting hussin naiji
Nice seeing you here Hussing Naiji...
  • #18,430
  • Aug 7, 2008 9:55pm Aug 7, 2008 9:55pm
Quoting slide
Could not agree more;

All support levels have been broken and these are not moves that just happen because a few hegde funds crackheads got nervous, this is a major shift and i expect 1.5 to be broken by the end of the session tomorrow;

Then 1.5 will act as resistance;

This is what i've been waiting for the greenback; Who's your beast now?
Right on. For the people that don't believe us go look at the USD/CAD or AUD/USD charts. DON'T PICK BOTTOMS. Believe me I have learned my lesson from doing it. FOLLOW THE TREND even if it may seem stupid to you.
  • #18,431
  • Aug 7, 2008 9:55pm Aug 7, 2008 9:55pm
Quoting Warren Forex
You are very clued in to things as I can see from your post.

However you have NO IDEA how bad it is now. There is at least another TRILLION of losses to report. The USA is on the brink of MELTDOWN.

Please Do yourself a favor and read Jim Sinclair each day at his free website at WWW.JSMINESET.COM

Thanks for your comments !!!


Bruce

P.S. This is only about the real facts. There is no ego or right or wrong.

Things are really bad and so far it has not hit home yet to the market. The FED is desperate and things are going on behind the scenes.

Good Trading and nice to share thoughts with you.

Bottom Line ... It is beyond WORSE in the USA ...
]

Time will.
  • #18,432
  • Aug 7, 2008 9:56pm Aug 7, 2008 9:56pm
Quoting Shadowfx
Looking back at all posts in this EUR/USD thread I think it might be a very good idea to split the thread in three:

1. Intra Day
2. Mid Term
3. Long Term

This would avoid confusion among users / traders, since I'm sure we have all three types in here

Any comments or someone related to FF with the possibility to implement this?

Just my 2 cents... (TM ShadowFX)
this is cool,..
everybody in here have to bold his prediction with timing target
  • #18,433
  • Aug 7, 2008 10:01pm Aug 7, 2008 10:01pm
Quoting Warren Forex
You are very clued in to things as I can see from your post.

However you have NO IDEA how bad it is now. There is at least another TRILLION of losses to report. The USA is on the brink of MELTDOWN.

Please Do yourself a favor and read Jim Sinclair each day at his free website at WWW.JSMINESET.COM

Thanks for your comments !!!


Bruce

P.S. This is only about the real facts. There is no ego or right or wrong.

Things are really bad and so far it has not hit home yet to the market. The FED is desperate and things are going on behind the scenes.

Good Trading and nice to share thoughts with you.

Bottom Line ... It is beyond WORSE in the USA ...
Warren - agree with you absolutely which is why I can't understand these latest moves in the EUR/USD or any $ strength at present. So if fundamentals are the real driving force behind the markets why is the $ STRONGER - i MUST BE MISSING SOMETHING!!
  • #18,434
  • Aug 7, 2008 10:04pm Aug 7, 2008 10:04pm
Bulls side of view
In 6 months, we'll be at 1.4250, if monthly TL holds it will be start of up trend again. 6 months, 1,000 pips. 160 pips a month. 5 pips a day. ~Judging from last correction.
Bears side of view
EU will fall to parity within 9 months, after breaking monthly TL. 5,300 pips, 588 pips a month, 19 pips a day.
  • #18,435
  • Aug 7, 2008 10:09pm Aug 7, 2008 10:09pm
Quoting Warren Forex
The ECB would prefer a stronger Euro as it keeps inflation down since they get more Oil for less Euro's

This thing is WAY Over Done.


Bruce
Unless, I see one up daily candle, I am not going to take any overnight position.
It's keep falling and no one knows how long it will fall.
At this point, I will try to scalp here and there but no overnight position.
Eventhough, I got a feeling, it will move back up tomorrow in the U.S. market if gold rebound from it's losses.
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  • #18,436
  • Aug 7, 2008 10:10pm Aug 7, 2008 10:10pm
Quoting Billser
Why is the euro getting slaughtered. Is the euro fundamentals worse than the US ecconomy. Or is this just a natural correction before the euro resumes its upward path.

Man this is hard to watch.....

The fib don't lie, price was rejected hard around 1.5470/1.5490 where it then went after the larger fib T1 or T2 to complete the cycle (if you follow Skunny's fib teachings). This happens far too often to be coincidental...
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Click to Enlarge Name: eurusd fibs 8-7-2008 3.gif Size: 23 KB
  • #18,437
  • Aug 7, 2008 10:11pm Aug 7, 2008 10:11pm
Quoting tamster
Warren - agree with you absolutely which is why I can't understand these latest moves in the EUR/USD or any $ strength at present. So if fundamentals are the real driving force behind the markets why is the $ STRONGER - i MUST BE MISSING SOMETHING!!
The FED and the other Central Bankers are fighting for their way of life right now. They will stop at nothing to save the FIAT system.

There was INTERVENTION today. Count on it !

Trichet did Bernake a Big Favor today because of the USA Meltdown.

They needed a stronger Dollar to get Gold and Oil down. Fannie Mae and Freddie Mack are beyond rescue.

Fundamentals will prevail once they shoot all their bullets. Read the post by Jim Sinclair that I just pasted on this thread. It is the END game now for the US Dollar.

Nothing is beyond those Evil Men whose GREED has destroyed a Great Country Sad to say !!!
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  • #18,438
  • Aug 7, 2008 10:12pm Aug 7, 2008 10:12pm
Fundamentals dont the lead the price, they lag badly just just any other indicator. The market is always looking forward into the future. Price is king as it tells you to what really is going on right now. Dont be trapped into thinking fundamentals are bad for US, means Euro will go up. It is not that simple. Why not observe what price is doing in the face of such unrelenting bad news? Is dollar strengthening or weakening? If dollar is strenthening despite all this bad news. You know that a long on Euro is a low probability trade. If you have a bias like perma Euro bull syndrome. Stay out for the time being.
  • #18,439
  • Edited 10:19pm Aug 7, 2008 10:13pm | Edited 10:19pm
Quoting Warren Forex

Please Do yourself a favor and read Jim Sinclair each day at his free website at WWW.JSMINESET.COM
That's a great website I check it a couple of times a day.
Here are some of my favorite sites. Great reading while waiting for trades.

The Market Oracle
http://www.marketoracle.co.uk/

MISH'S Global Economic Trend Analysis
http://globaleconomicanalysis.blogspot.com/

Mike Morgan Behind Enemy Lines
http://realestateandhousing2.blogspot.com/

Shadow Government Statistics
http://www.shadowstats.com/

The Market Ticker
http://market-ticker.denninger.net/
  • #18,440
  • Aug 7, 2008 10:15pm Aug 7, 2008 10:15pm
Quoting easy_man
Warren Forex,

Could you share your setting for scalping the 1 minute? I use 5 & 13 EMA, RSI 8, MACD default, not sure what SAR is

Thanks
SAR is Parobolic SAR and it is GREAT !!! It has dots appear as the direction changes as it goes over EMA. It is a Great Tool for me !!!

Try It

Good Trading !!!
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