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  • #27,081
  • Sep 4, 2008 7:48am Sep 4, 2008 7:48am
till now.... Trichet dindn't say one good thing about european economy
  • #27,082
  • Sep 4, 2008 7:48am Sep 4, 2008 7:48am
I just read the last 30 posts. Comedy Central pales in comparison.

You all make my dayhttp://www.forexfactory.com/images/icons/icon7.gif
Redefining Reality
  • #27,083
  • Sep 4, 2008 7:53am Sep 4, 2008 7:53am
I'd like to thank the longs for their patronage.

Some of you had some nice charts and theories.

Technical analysis is a great tool when it's coupled with a solid foundation in fundamentals.
  • #27,084
  • Sep 4, 2008 7:53am Sep 4, 2008 7:53am
Quoting psiholog
some dude mentioned yesterday he got a signal for a 1500 pip drop, thats how pivotal today is....
Psiholog, you mentioned this yesterday. Still holding.
Up or down, gimme a ticket
  • #27,085
  • Sep 4, 2008 7:57am Sep 4, 2008 7:57am
Quoting Sole
till now.... Trichet dindn't say one good thing about european economy
He's already helped push 40% of the zone towards a recession.

What do you want him to say?

An apology might be a good start.
  • #27,086
  • Sep 4, 2008 8:00am Sep 4, 2008 8:00am
Quoting acumen
I'd like to thank the longs for their patronage.

Some of you had some nice charts and theories.

Technical analysis is a great tool when it's coupled with a solid foundation in fundamentals.
About fundamentals, do you really think that US is in better shape than EU? I totally disagree with that.

If todays low goes below yesterdays low I gladly admit that the bear market continues and go back short, until then I only take long positions.
  • #27,087
  • Sep 4, 2008 8:02am Sep 4, 2008 8:02am
whatever he said.was it good or bad for the euro.cos the euro bulls are beginning to sneak out again.
  • #27,088
  • Sep 4, 2008 8:02am Sep 4, 2008 8:02am
Sweet guy, this Trichet. Nice scalping during his speech. How many times did he said "price stability"?!

Am I confused or he said between the lines that there will be no rate cuts soon?
  • #27,089
  • Sep 4, 2008 8:06am Sep 4, 2008 8:06am
now, the question is... what's worst? Trichet's speach or americans data?
  • #27,090
  • Sep 4, 2008 8:06am Sep 4, 2008 8:06am
Quoting anne_81
I can't wait to see whether tomorrow's NFP (provided we get the bad number) would stem dollar's gains..if the dollar is able to shrug off the bad number, we would take that as an indication that the current dollar strength is for real..it's anybody's game right now..
Additionally I would suggest that most don't trade the release until after the dust settles.

If we print poorly tomorrow and the dollar gains - .4000 is in sight.

I don't see that happening... however... I posted the EURO would move north this week. (Obviously that was wrong)

Market conditions like these are account killers.
  • #27,091
  • Sep 4, 2008 8:07am Sep 4, 2008 8:07am
This day looks like the gambling day instead of trading day. I took 35 pips all together and my system looks like rubbish for that.
  • #27,092
  • Sep 4, 2008 8:10am Sep 4, 2008 8:10am
Quoting acumen
Additionally I would suggest that most don't trade the release until after the dust settles.

If we print poorly tomorrow and the dollar gains - .4000 is in sight.

I don't see that happening... however... I posted the EURO would move north this week. (Obviously that was wrong)

Market conditions like these are account killers.
you sir .. are correct. account killer this is. hate stop hunters. stop tripped by 5 pips then proceeded to go in the positive direction.
  • #27,093
  • Sep 4, 2008 8:10am Sep 4, 2008 8:10am
Quoting mikkom
About fundamentals, do you really think that US is in better shape than EU? I totally disagree with that.

If todays low goes below yesterdays low I gladly admit that the bear market continues and go back short, until then I only take long positions.
The US is coming out of a coma and the zone is moving into one.

Right now... longs and shorts are bad ideas.
  • #27,094
  • Sep 4, 2008 8:11am Sep 4, 2008 8:11am
Quoting acumen
The US is coming out of a coma and the zone is moving into one.

Right now... longs and shorts are bad ideas.
the way it looks, unless you're scalping, this doesnt look like a good market to get into.
  • #27,095
  • Sep 4, 2008 8:12am Sep 4, 2008 8:12am
got to go
see ya guys later
went long on usdjpy too at 108.09 SL below 10780

happy pippin
  • #27,096
  • Sep 4, 2008 8:12am Sep 4, 2008 8:12am
Quoting filipf
This day looks like the gambling day instead of trading day. I took 35 pips all together and my system looks like rubbish for that.
I won't take another trade until NFP has released and I doubt I'll take on then.

Knowing when not to trade is as important as knowing when to pull the trigger.
  • #27,097
  • Sep 4, 2008 8:13am Sep 4, 2008 8:13am
Trichet said it himself he has "no bias" - now the fx market currently has no bias!
  • #27,098
  • Sep 4, 2008 8:16am Sep 4, 2008 8:16am
Quoting kasper
the way it looks, unless you're scalping, this doesnt look like a good market to get into.
But scalpers usually scalp in the direction of the trend... which is down... HOWEVER... after yesterday I'd be sitting on my hands.
  • #27,099
  • Sep 4, 2008 8:16am Sep 4, 2008 8:16am
Oil's falling slowly, should at least go another dollar down before it faces the recent uptrend support, but likely to break it I believe with this double top in place..
On the path to Enrichment.
  • #27,100
  • Sep 4, 2008 8:23am Sep 4, 2008 8:23am
Quoting FX Phoenix
Hi Algirdas,

I have just looked at your link and it was interesting. I noticed an onlink for sirpipalot. Do you know much about them. They have an interesting promise.

Thanks
Phoenix
Algirdas,

Did you see the quote above?
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