EURUSD

Quoting Warren Forex

Disliked

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 !!!

Ignored

Quoting Warren Forex

Disliked

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 !!!

Ignored

Quoting Russell

Disliked

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/

Ignored

Quoting Warren Forex

Disliked

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 !!!

Ignored

Quoting Shadowfx

Disliked

I'm intensely amused by these discussions...

For every post that the Euro will drop, there are around 50 posts...saying..NO..it's going to reverse now..Go Long...
If you look back from 1.6..one after the other theory has been launched about trend lines, resistance, etc with main item "now..for sure it will reverse..."

Uuuh...It hasn't..not at 1.59, 58, 57, 56, 55...But now we have this Major Trend line, Called "Our Last Hope"...Now it will reverse...for sure...

Just one simple question...It hasn't...WHY??..It had plenty of chances to reverse...same as we had plenty of chances to break 1.6....

I have posted my views already at 1.6 and downward several times if you want to talk about the "Big Picture"...and they have not changed one single bit...

FACT: Neither USA nor Europe is interested in a stronger Euro, they want Stability
FACT: Europe tries to prevent sliding into recession, UK is sliding into one, USA is trying to crawl out of one...
FACT: Oil is a large economic problem for the World...there is No reason at all, confirmed by OPEC to have these still high Oil prices

Now the most important FACT.. "A last resort Trend line" is not going to stop major world economies, central banks, investment funds, etc...from attempting to create a form of stability...

Is it recognized as a strong guideline, yes absolutely, is it likely to be the last resort to bounce..yes 100%...BUT...Will it...

That ladies & gents all depends on what we call Market Sentiment, which is Bearish until otherwise proven by all economical data world wide coming out...that's where "Smart Money" reacts upon....and at this point it tells us...yes we reached this lower line...but we like it here and see no reason to reverse...

I wonder why....

As always...Just my 2 Cents...
( Am I a Bull, Am I a Bear..Neither..I'm a Trader)

Ignored

Quoting slide

Disliked

With this kind of rhetoric, it's kinda hard to follow your advice.

Ignored

Quoting leo9

Disliked

What is going on with EUR/USD why is falling so badly ?. I don't see any reason for EUR weakness. USD is showing no respect to EUR. Man I am down with big amount.

Ignored

Quoting ylianna28

Disliked

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?

Ignored

Quoting slide

Disliked

With this kind of rhetoric, it's kinda hard to follow your advice.

Ignored

Quoting atif

Disliked

I think, we have seen the top for Euro. Yes, it might hit 1.60 or 1.61 (Not 1.62) one more time, only if oil started to go up and hit $150 level again. Which I very much doubt.
Everything is depending on oil price and inflation.
If oil goes down then inflation will go down and all other central banks will start to cut their interest rate to boost economy except U.S.
U.S. will start to raise interest to boost dollar.
UK and Euro looking for rate cut to boost economy but inflation is their biggest worry.
Now that Oil is coming down at the year-end you will start seeing rate cut by other central banks.
By end of 2009, we will trade Euro at 1.52 or 1.53 level.
It's my short term view (2yrs.)

Ignored

Quoting freetrader

Disliked

This price action is presenting great opportunities to trade in the volatility. We are hitting extreme over/under valuation conditions. If you have a position sizing algorithm now is the time to trim your position size delta and adjust the attitude on your stops. Its dangerous out there, and being prudent will give you the option to trade another day. I want to see everyone trading tomorrow and the next. Institutional buyers are stepping in for exporters and the sellers are overheating. Remember a time when something confused you, if you are feeling confused by the price action step to the sideline and wait for your understanding to kick in; people blow up in high volatility. Chasing the market at this point will teach you an expensive lesson. Let the dust settle. If you are feeling like this sell-off was out of control you are over emotional. The sell off is behaving orderly. The price consolidation will be unnerving for those with high leverage or overexposure. BE SAFE OUT THERE!

FreeTrader

Ignored

Quoting Doniboy

Disliked

I may be new to the Forex, but I'm not new to the U.S. I find it hard to believe that the country is in meltdown. Recessions happen, but there hasn't been a depression in 80+ years. We just need to keep Jimmy Carter part 2 out of office and we'll be poppin again soon.

Ignored

Quoting Russell

Disliked

With all due respect, you need to do some homework.
Unfortunately the US has major problems the housing fiasco is nothing compared to medicare and social security. We have a debt problem that is
spreading like a cancer. We might not meltdown tomorrow but if we stay on
this course it's just a matter of time. Of course fundamentals take time to
manifest but when they do look out!
Here's a website to get you started. http://www.pgpf.org/

We need to wake up.

Ignored

Quoting Russell

Disliked

With all due respect, you need to do some homework.
Unfortunately the US has major problems the housing fiasco is nothing compared to medicare and social security. We have a debt problem that is
spreading like a cancer. We might not meltdown tomorrow but if we stay on
this course it's just a matter of time. Of course fundamentals take time to
manifest but when they do look out!
Here's a website to get you started. http://www.pgpf.org/

We need to wake up.

Ignored

Quoting Warren Forex

Disliked

My Friend ... Unfortunately it is ALL true... I only pass on the information.

Good Trading !!!

I now have completed 28 FX trades for a profit of $2,356.25 US Dollars !

My last 2 FX trades I got in at 1.52058 and 1.52077 at 9:17 and 9:19 PM and got out at 9:25 PM for a quick profit of $188.00 US Dollars.

Good Trading !!!

Ignored

Quoting Russell

Disliked

With all due respect, you need to do some homework.
Unfortunately the US has major problems the housing fiasco is nothing compared to medicare and social security. We have a debt problem that is
spreading like a cancer. We might not meltdown tomorrow but if we stay on
this course it's just a matter of time. Of course fundamentals take time to
manifest but when they do look out!
Here's a website to get you started. http://www.pgpf.org/

We need to wake up.

Ignored

Quoting Pipspur

Disliked

Maybe the US Govt should trade Forex to make $$$ to pay off the debt.

Ignored