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  • #30,621
  • Sep 16, 2008 6:51am Sep 16, 2008 6:51am
Quoting altrader
I don't think that the US central bank worked so hard to pull the EUR/USD down only to let it rise significantly today when it needs US sentiment to be strongest.
No central bank in this world has enough money to beat the market in the long run. Yes, they can change trends in the short term, but they can't change all the bad fundamentals...
  • #30,622
  • Sep 16, 2008 6:56am Sep 16, 2008 6:56am
one other thing....i was talking about inverted head and shoulders earlier on the 15min chart for just today.....i wasnt thinking big enough....the true inverted head and shoulders is on the 4 hour chart...last week and this week is the continuation...the true neckline is around yesterdays high...shoulderline at yesterdays low....trippy huh?
Different opinions highly valued, ignorant to slander.
  • #30,623
  • Sep 16, 2008 7:00am Sep 16, 2008 7:00am
Yeah you guys could well be correct.

I don't know. I think by the end of the year the EUR/USD will start heading back up and definitely into 2009 it will continue to go up when everyone realises how messed up the US economy is going to become.

When it is all said and done, I think it will be Asia that pulls Europe out of recession and then Europe will pull US out of recession.

I guess the other side if this is figuring out how stuffed up the EU economy will get due to subprime problems. (and then choosing the currency that is less affected between EUR and USD). I don't know how the Yen will factor into this equation though?

UBS will have some issues probably. Not sure about the other EU banks.

It is fun to think about but ultimately we need to focus on the charts. Just do what the charts say and we should be ok with our trades

Also not to go horribly off topic but do you think that the big retail Forex brokers will be safe from these financial problems?
  • #30,624
  • Sep 16, 2008 7:04am Sep 16, 2008 7:04am
Is there a way to see instantaneally the posts or Must I refresh the page every tima? Thanks for your help.
  • #30,625
  • Sep 16, 2008 7:06am Sep 16, 2008 7:06am
Quoting psiholog
interesting perspective...heres the opposite. i dont think the euro rallied so hard last thursday and friday to give it all away today. as jurrasic pointed out...1.4174 (or 50%fib since thursdays low to yesterdays high) has held out well today. a serious break down would have happened by now if a return of the downtrend was to continue. right now its such a big tug-o-war its hard to say who will win. that "mirror image" chart clearly shows so
yeah you could be right. It is a very powerful line of support for the EUR/USD that's for sure. But yeah, this is a crucial point for the EUR/USD.
  • #30,626
  • Sep 16, 2008 7:15am Sep 16, 2008 7:15am
waow looks like it shooting up afterall........
  • #30,627
  • Sep 16, 2008 7:16am Sep 16, 2008 7:16am
+100 pips from my advice.

Who follow the tip.


I am waiting donations to my PayPal Account!
  • #30,628
  • Sep 16, 2008 7:16am Sep 16, 2008 7:16am
BUYBUY Today, The problems in the US are huge and there is more to come with AIG, I will be looking to buy around 1.4116, I think the market will DIP a little before going higher, And That's just me, and this would be ideal, but you never know, [IMG]file:///C:/DOCUME%7E1/bzaari/LOCALS%7E1/Temp/moz-screenshot.jpg[/IMG]
Are you or are you OUT?
  • #30,629
  • Sep 16, 2008 7:18am Sep 16, 2008 7:18am
bad us news plissss...
  • #30,630
  • Sep 16, 2008 7:19am Sep 16, 2008 7:19am
So far for staying away from longs hehe
  • #30,631
  • Sep 16, 2008 7:19am Sep 16, 2008 7:19am
Here is the TRUE inverted head and shoulder....im 75% sure it will hold..just in case you guys are curious...it makes total sense too...the volatility the past 2 days
Attached Image (click to enlarge)
Click to Enlarge Name: current.gif Size: 32 KB
Different opinions highly valued, ignorant to slander.
  • #30,632
  • Sep 16, 2008 7:19am Sep 16, 2008 7:19am
I'm still not convinced by this move up. The news data has not been released yet, lol.
  • #30,633
  • Sep 16, 2008 7:20am Sep 16, 2008 7:20am
Quoting zass
bad us news plissss...
FED inject freshly printed money....
  • #30,634
  • Sep 16, 2008 7:20am Sep 16, 2008 7:20am
Quoting zass
bad us news plissss...
omg... u yelled ur wishes so loud that market deities listened u...

this time...

dunno for how long...

hope u profit from it...
  • #30,635
  • Sep 16, 2008 7:21am Sep 16, 2008 7:21am
Need us traders to buy it ? they have problems and they are moving up (take profits)...huh hate eu pesimism ....
  • #30,636
  • Sep 16, 2008 7:21am Sep 16, 2008 7:21am
Quoting psiholog
interesting perspective...heres the opposite. i dont think the euro rallied so hard last thursday and friday to give it all away today. as jurrasic pointed out...1.4174 (or 50%fib since thursdays low to yesterdays high) has held out well today. a serious break down would have happened by now if a return of the downtrend was to continue. right now its such a big tug-o-war its hard to say who will win. that "mirror image" chart clearly shows so

intra-day, this daily pivot is proving to be a tough ceiling as well...let's see if it breaks this time.
  • #30,637
  • Sep 16, 2008 7:22am Sep 16, 2008 7:22am
Quoting zass
bad us news plissss...
Will not change much. Markets have been ignoring bad US news for weeks now.

I still think it will go up but not due to scheduled news.
  • #30,638
  • Sep 16, 2008 7:24am Sep 16, 2008 7:24am
Aaand back to -150 pips.

I think I might just let this one margin call me. I don't have the energy to fight with this horrible market.
Do you think the karate kid knows kung-fu?
  • #30,639
  • Sep 16, 2008 7:25am Sep 16, 2008 7:25am
lol i stuck in my bull juz now.luckily i can close it..dun wan to take any risk.. im oso not sure wheres da direction...wat u guys think bout it?
  • #30,640
  • Sep 16, 2008 7:25am Sep 16, 2008 7:25am
Quoting ddblue
Aaand back to -150 pips.

I think I might just let this one margin call me. I don't have the energy to fight with this horrible market.
Get out, take your loss and then get back in with the available margin you have and take some for your money back.
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