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  • #24,101
  • Aug 26, 2008 1:20pm Aug 26, 2008 1:20pm
The country who is raising rates or more likely to raise rates sooner than the other side of a forex pair will appreciate. Meaning US$ up / Euro down.

That is what is expected anyway.
  • #24,102
  • Aug 26, 2008 1:20pm Aug 26, 2008 1:20pm
An increase in US interest rates should be bearish for the Euro.
  • #24,103
  • Aug 26, 2008 1:23pm Aug 26, 2008 1:23pm
More worse news for EUR tomorrow....It may go south again tomorrow.
  • #24,104
  • Aug 26, 2008 1:27pm Aug 26, 2008 1:27pm
Quoting gagakrimba
More worse news for EUR tomorrow....It may go south again tomorrow.
it may not.IT SURELY WOULD.CONFIRM
  • #24,105
  • Aug 26, 2008 1:30pm Aug 26, 2008 1:30pm
Quoting SunTrader
The country who is raising rates or more likely to raise rates sooner than the other side of a forex pair will appreciate. Meaning US$ up / Euro down.

That is what is expected anyway.

Although I really have to say, why would I put my money in $$ when the maximum upside in the next year is about 100 basis pts, or3%? There are other countries offering 4-5%.

Just thinking aloud, don't mind me..
  • #24,106
  • Aug 26, 2008 1:42pm Aug 26, 2008 1:42pm
Quoting seesaw
Although I really have to say, why would I put my money in $$ when the maximum upside in the next year is about 100 basis pts, or3%? There are other countries offering 4-5%.

Just thinking aloud, don't mind me..
Think away. But there are other factors besides interest rates why people/companies put money to work in the USA or anywhere else. I trade based on what is now - not the future. I leave that to the news hounds to figure out and they do such a good job too.

  • #24,107
  • Aug 26, 2008 1:46pm Aug 26, 2008 1:46pm
Quoting SunTrader
Think away. But there are other factors besides interest rates why people/companies put money to work in the USA or anywhere else. I trade based on what is now - not the future. I leave that to the news hounds to figure out and they do such a good job too.


Oh, you mean the high quality of life and number of vacation days?
  • #24,108
  • Aug 26, 2008 1:56pm Aug 26, 2008 1:56pm
Quoting SunTrader
Think away. But there are other factors besides interest rates why people/companies put money to work in the USA or anywhere else. I trade based on what is now - not the future. I leave that to the news hounds to figure out and they do such a good job too.

BTW, we are trying to reach that S1 again, I see
  • #24,109
  • Aug 26, 2008 2:06pm Aug 26, 2008 2:06pm
Quoting seesaw
BTW, we are trying to reach that S1 again, I see
Dead time of the trading day to happen anytime soon. See what Asian session brings.
  • #24,110
  • Aug 26, 2008 2:23pm Aug 26, 2008 2:23pm
Can someone post a current resistance trendline, please.
This is about where we are now, .4644. I mean of the down channel.
"Everybody needs money. That's why they call it money" - Danny De Vito
  • #24,111
  • Aug 26, 2008 2:31pm Aug 26, 2008 2:31pm
Quoting slide
Can someone post a current resistance trendline, please.
This is about where we are now, .4644. I mean of the down channel.
Does this help ?
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 20.png Size: 29 KB
  • #24,112
  • Aug 26, 2008 2:35pm Aug 26, 2008 2:35pm
Quoting slide
Can someone post a current resistance trendline, please.
This is about where we are now, .4644. I mean of the down channel.
Here is a template with support/resistance lines for EUR/USD (no trendlines). Some of them are over 2 years old. They are working perfekt for me.
Attached File(s)
File Type: tpl supportresistanceeuro.tpl   7 KB | 426 downloads
  • #24,113
  • Aug 26, 2008 2:36pm Aug 26, 2008 2:36pm
Quoting atif
1.4680 failed to brake and now at 1.4660.
support 1 1.4655 (61.8%)
support 2 1.4639 (50%) and if we shorts are lucky then
support 3 1.4623 (38.2%)
Looks like day will be end with Support 2
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  • #24,114
  • Aug 26, 2008 2:37pm Aug 26, 2008 2:37pm
I have price sitting right on the 50% Fib of the major move down,
and on the converging 38% of the smaller move up. Both offering support.
Also have a trend line down from above that "could" contain it at around 1.4647.

Hope that helps.

Jim
  • #24,115
  • Aug 26, 2008 2:39pm Aug 26, 2008 2:39pm
Quoting acumen
Oil is a bubble that's on the way down.

Oil is very over valued and according to historical levels oil is very over inflated even OPEC say it should be trading close to $70 per barrel, however if trading oil futures you cannot short it it 113 and get $4 draw down ... that is equivalent of 400 pips.

Today move in oil . 5.25 up , 2.5 down and 1.5 up is a rollaer coaster and is equivalent to 925 pips . Oil scares the hell out of me ... but i cannot stop trading it ...lol
Blogging daily now at www.volume.zone
  • #24,116
  • Aug 26, 2008 2:40pm Aug 26, 2008 2:40pm
Quoting Shugart
Does this help ?
I was looking for just a trendline from top left to right down, starting from .4804 to see exactly when it's crossed up; but thanks!
"Everybody needs money. That's why they call it money" - Danny De Vito
  • #24,117
  • Aug 26, 2008 2:41pm Aug 26, 2008 2:41pm
Quoting steelhead
Finally we get through all the smoke screen and realize Bruce is selling something. I have been asking him for weeks what he is selling. Finally he comes out with it.

Bruce you are digging yourself a hole you won't be able to get out of. Might be best if you move on.

Used pair of runners .. size 11 ... well loved .. slightly smelly , with hole in one sole .... tried on ebay but did not get any bites....
Blogging daily now at www.volume.zone
  • #24,118
  • Aug 26, 2008 2:43pm Aug 26, 2008 2:43pm
Quoting 7one
Here is a template with support/resistance lines for EUR/USD (no trendlines). Some of them are over 2 years old. They are working perfekt for me.
Thanks I'll try that out later; right now I'm on mobile and Mac;
"Everybody needs money. That's why they call it money" - Danny De Vito
  • #24,119
  • Aug 26, 2008 2:43pm Aug 26, 2008 2:43pm
Quoting slide
I was looking for just a trendline from top left to right down, starting from .4804 to see exactly when it's crossed up; but thanks!
It's a bit off, I think, but holding.
Attached Image
Up or down, gimme a ticket
  • #24,120
  • Aug 26, 2008 2:47pm Aug 26, 2008 2:47pm
Quoting SpecialEd
It's a bit off, I think, but holding.
That's what I wanted to see, thanks
"Everybody needs money. That's why they call it money" - Danny De Vito
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