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  • #19,521
  • Aug 11, 2008 3:23pm Aug 11, 2008 3:23pm
Quoting Warren Forex
If I Told Anyone Here Last Wednesday that on Monday EUR/USD would be at 1.4890 NOT ONE would accept it !!!

Then you would ask for my reasons and I would say it is very simple.

On Thursday last at 8L30 Jean Claude Trichet would tell the World it is not a given that the ECB will raise rates next meeting. We have No Bias !!!

OK now we understand as that is more than enought to send EUR/USD OVER 600 PIPS in 4 days. Sure Why Not !!!
Why do you care so much? Money is money, whether the EUR is rallying or $. The smart trader will make money regardless of what happens.
  • #19,522
  • Aug 11, 2008 3:24pm Aug 11, 2008 3:24pm
Quoting acumen
All of the retail traders COMBINED account for 14% of all volume.

There isn't a retail trader alive that can move this market.

The top 10 players are banks with Deutsche Bank leading the volume around 21% and in 10th place is Morgan Stanley around 3%.
I see you're still not considering anyone other than retail traders
  • #19,523
  • Aug 11, 2008 3:26pm Aug 11, 2008 3:26pm
We may want to ask the PFX guys or LFB guys but I'm about 90% that no one retail trader can move this market.
  • #19,524
  • Aug 11, 2008 3:27pm Aug 11, 2008 3:27pm
Quoting shiva
I see you're still not considering anyone other than retail traders
You and I are retail traders.
  • #19,525
  • Aug 11, 2008 3:28pm Aug 11, 2008 3:28pm
Quoting chase
The Rothschilds can move the market? Makes as much sense as Mr. Crabs on Spongebob taking a large position.

pal, you have no idea and making senseless fun does not help any further.

you know who invented the central banks? you seemingly don't
you know that the central bank are held privately? ...

do your homework, then make fun


acumen! dito.
peace, harmony and knowledge.
  • #19,526
  • Aug 11, 2008 3:28pm Aug 11, 2008 3:28pm
Quoting acumen
We may want to ask the PFX guys or LFB guys but I'm about 90% that no one retail trader can move this market.

I can, I moved my computer from my home office to my kitchen table and the market went with me. LOL
Redefining Reality
  • #19,527
  • Aug 11, 2008 3:28pm Aug 11, 2008 3:28pm
Quoting Warren Forex
If I Told Anyone Here Last Wednesday that on Monday EUR/USD would be at 1.4890 NOT ONE would accept it !!!

Then you would ask for my reasons and I would say it is very simple.

On Thursday last at 8L30 Jean Claude Trichet would tell the World it is not a given that the ECB will raise rates next meeting. We have No Bias !!!

OK now we understand as that is more than enought to send EUR/USD OVER 600 PIPS in 4 days. Sure Why Not !!!
if trichet raise the IR? what happen next?
go up again 600 pip wahahahaha
  • #19,528
  • Aug 11, 2008 3:30pm Aug 11, 2008 3:30pm
Quoting piptechnician
I can, I moved my computer from my home office to my kitchen table and the market went with me. LOL
I stand corrected.
  • #19,529
  • Aug 11, 2008 3:33pm Aug 11, 2008 3:33pm
Quoting lilmoe
seems like a good long to me too. a nice hammer at the bottom of a 19 day downtrend signals at least a retracement. and lately euro's downtrend was coupled nicely with 38.2 retracements, which in this case (Daily level) should reach ~1.5350 (fibs placed from 1.6 high to 1.49 low). i don't only think it's a good intra day long, it should be good for 400 pips (buying all minor dips along the way, which might be a bit risky, i would go for 1 or 2 longs at the most myself).

if price proves us wrong, then, 1.45 should be the next level of support, and ultimately (medium term) 1.43xx.

remember our good predictions a month ago bro? i think it's time to pick some fruit
Sounds like reasonable target to me. Adding longs, moving SL, all way to 5350
  • #19,530
  • Aug 11, 2008 3:35pm Aug 11, 2008 3:35pm
Quoting bujal38
if trichet raise the IR? what happen next?
go up again 600 pip wahahahaha
Right now in a more serious mode I do not know which way the EUR/USD will go but news coming out might shake things UP !!!

Yawn ...
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  • #19,531
  • Aug 11, 2008 3:41pm Aug 11, 2008 3:41pm
Quoting bujal38
if trichet raise the IR? what happen next?
go up again 600 pip wahahahaha
NO rate hike in Euroland coming
  • #19,532
  • Aug 11, 2008 3:46pm Aug 11, 2008 3:46pm
Quoting bujal38
if trichet raise the IR? what happen next?
go up again 600 pip wahahahaha
The FED, ECB and BOE will be holding pattern for a while. The statement came out last week plainly showed that. I suspect the first one moving rates downward will be BOE, as their economy is really in a ditch. No IR raise for ECB for sure for a while. Last month when they raised it, so many in Europe complained bitterly, believing the higher interest rate would be killing their economy. And they might be right. Look at the recent eurozone data.
Expected the unexpected
  • #19,533
  • Aug 11, 2008 3:47pm Aug 11, 2008 3:47pm
If he raised the IR now he would send the EURO to parity.

The zone is on the doorstep of a recession.

Germany - the largest zone player - is already in one.

Mr T's next move should be down.


Originally Posted by bujal38 http://www.forexfactory.com/images/buttons/viewpost.gif
if trichet raise the IR? what happen next?
go up again 600 pip wahahahaha
  • #19,534
  • Aug 11, 2008 3:50pm Aug 11, 2008 3:50pm
Quoting Warren Forex
If I Told Anyone Here Last Wednesday that on Monday EUR/USD would be at 1.4890 NOT ONE would accept it !!!
Key word here is "IF"

Quote
Then you would ask for my reasons and I would say it is very simple.

NO

Quote
On Thursday last at 8L30 Jean Claude Trichet would tell the World it is not a given that the ECB will raise rates next meeting. We have No Bias !!!

HUH? SURE !
Quote

OK now we understand as that is more than enought to send EUR/USD OVER 600 PIPS in 4 days. Sure Why Not !!!

Were you trying to tell us that you knew this and did not tell us!!! LOL

Warren,

I have read lots of your posts and appreciate your time and effort, but most of what you post is always AFTER the market has moved. You will refer to your "predictive posts" after these things have happened. Most times your predictions are coming true weeks if not months from the time you make the statement. ANYONE can do that with a pretty good degree of accuracy since the market will move UP and DOWN 100% of the time. I can predict that the U/J will reach 112.00. When it does, I will refer to this post.
If it does not ever reach 112.00, I will just not ever refer to this post. Pretty cool huh?

I don't doubt that you are a very intelligent person, in fact, highly intelligent. You have a greater understanding of economics than most of us.

I would like to see an accurate prediction of market movement from you. Which currency you choose to predict is your choice. But there is only one rule. The prediction must happen within 72 hours of your prediction. You must be accurate within reason. You cannot refer to old posts that you made prior to this one.

Go ahead, amaze us with your accuracy.

Warm regards,

Bristol
"I spilled spot remover on my dog. He's gone now." - Steven Wright
  • #19,535
  • Aug 11, 2008 3:53pm Aug 11, 2008 3:53pm
Quoting acumen
Germany - the largest zone player - is already in one.

Mr T's next move should be down.
YES, you nailed it
  • #19,536
  • Aug 11, 2008 3:57pm Aug 11, 2008 3:57pm
Quoting acumen
If he raised the IR now he would send the EURO to parity.

The zone is on the doorstep of a recession.

Germany - the largest zone player - is already in one.

Mr T's next move should be down.


Originally Posted by bujal38 http://www.forexfactory.com/images/buttons/viewpost.gif
if trichet raise the IR? what happen next?
go up again 600 pip wahahahaha
If Mr. T moves the rate down, it will go to 1.4 or below as well. So either way, euro rally is over, right?
Expected the unexpected
  • #19,537
  • Aug 11, 2008 4:00pm Aug 11, 2008 4:00pm
Quoting bristolxyz

Warren,

I have read lots of your posts and appreciate your time and effort, but most of what you post is always AFTER the market has moved. You will refer to your "predictive posts" after these things have happened. Most times your predictions are coming true weeks if not months from the time you make the statement. ANYONE can do that with a pretty good degree of accuracy since the market will move UP and DOWN 100% of the time. I can predict that the U/J will reach 112.00. When it does, I will refer to this post.
If it does not ever reach 112.00, I will just not ever refer to this post. Pretty cool huh?

I don't doubt that you are a very intelligent person, in fact, highly intelligent. You have a greater understanding of economics than most of us.

I would like to see an accurate prediction of market movement from you. Which currency you choose to predict is your choice. But there is only one rule. The prediction must happen within 72 hours of your prediction. You must be accurate within reason. You cannot refer to old posts that you made prior to this one.

Go ahead, amaze us with your accuracy.

Warm regards,

Bristol
Excellent comments.
Expected the unexpected
  • #19,538
  • Aug 11, 2008 4:07pm Aug 11, 2008 4:07pm
Quoting bristolxyz
Warren,

I have read lots of your posts and appreciate your time and effort, but most of what you post is always AFTER the market has moved. You will refer to your "predictive posts" after these things have happened. Most times your predictions are coming true weeks if not months from the time you make the statement. ANYONE can do that with a pretty good degree of accuracy since the market will move UP and DOWN 100% of the time. I can predict that the U/J will reach 112.00. When it does, I will refer to this post.
If it does not ever reach 112.00, I will just not ever refer to this post. Pretty cool huh?

I don't doubt that you are a very intelligent person, in fact, highly intelligent. You have a greater understanding of economics than most of us.

I would like to see an accurate prediction of market movement from you. Which currency you choose to predict is your choice. But there is only one rule. The prediction must happen within 72 hours of your prediction. You must be accurate within reason. You cannot refer to old posts that you made prior to this one.

Go ahead, amaze us with your accuracy.

Warm regards,

Bristol
Cheers, dude - I have tried to make sense of Warren's posts in USD/JPY thread but for the life of me couldn't. Mostly he just posts some newsflash quotes and demands respect for accuracy, seniority and trading success. Looks like I might have to unsubscribe from this thread too, now that he's a regular poster here. But fear not - I'm sure he's typing up a huge reply right about now referring to thousands of happy investors for whom he made millions.
  • #19,539
  • Aug 11, 2008 4:11pm Aug 11, 2008 4:11pm
Don't do that. He told me earlier I could ignore him. It was very sensible advice.
Redefining Reality
  • #19,540
  • Aug 11, 2008 4:13pm Aug 11, 2008 4:13pm
Quoting bristolxyz
Key word here is "IF"



NO



HUH? SURE !


Were you trying to tell us that you knew this and did not tell us!!! LOL

Warren,

I have read lots of your posts and appreciate your time and effort, but most of what you post is always AFTER the market has moved. You will refer to your "predictive posts" after these things have happened. Most times your predictions are coming true weeks if not months from the time you make the statement. ANYONE can do that with a pretty good degree of accuracy since the market will move UP and DOWN 100% of the time. I can predict that the U/J will reach 112.00. When it does, I will refer to this post.
If it does not ever reach 112.00, I will just not ever refer to this post. Pretty cool huh?

I don't doubt that you are a very intelligent person, in fact, highly intelligent. You have a greater understanding of economics than most of us.

I would like to see an accurate prediction of market movement from you. Which currency you choose to predict is your choice. But there is only one rule. The prediction must happen within 72 hours of your prediction. You must be accurate within reason. You cannot refer to old posts that you made prior to this one.

Go ahead, amaze us with your accuracy.

Warm regards,

Bristol

Warm Regards Also !

Just for the record the purpose of my post was only to try to make the point that no one including me would have accepted a move in EUR/USD of 600 + PIPS all because of a Press Conference where he basically said We have No Bias At The moment !!!


Bruce
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