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  • #34,021
  • Edited 8:11am Sep 25, 2008 8:09am | Edited 8:11am
Make up your mind INVESTORS....up/down let's go.... This is too much suspense for a little profit LOL



Quoting psiholog
i dont expect the current channel to be broken so i set it at at 1.4655...as i show in the chart the uptrend line which began at the most recent low has not been broken yet...could be a big drop....but it could always go up as well
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  • #34,022
  • Sep 25, 2008 8:12am Sep 25, 2008 8:12am
Dealer chatter rumor of an ecb rate cut if us bailout is approved.
USD Est Non Mortuus
  • #34,023
  • Sep 25, 2008 8:14am Sep 25, 2008 8:14am
Psiholog, like usual "its" still working
Money often costs too much...
  • #34,024
  • Sep 25, 2008 8:15am Sep 25, 2008 8:15am
Quoting SeaPip
Make up your mind INVESTORS....up/down let's go.... This is too much suspense for a little profit LOL
As mentioned before, no matter what the news are, it seems to go down most of the times. O tempores, o mores.....
They think they are smarter than I am.
  • #34,025
  • Sep 25, 2008 8:17am Sep 25, 2008 8:17am
Quoting indotrader
Psiholog, like usual "its" still working
...knowing why is even better
Different opinions highly valued, ignorant to slander.
  • #34,026
  • Sep 25, 2008 8:20am Sep 25, 2008 8:20am
Quoting psiholog
...knowing why is even better
indeed.. I still don't know why.. I just study the habit so far 100% trade won.. its okay to lose 1 once its not working anymore.. but as you said.. knowing why is even better.. mind to enlight me psiholog ?
Im not much of fundies frankly
Money often costs too much...
  • #34,027
  • Sep 25, 2008 8:20am Sep 25, 2008 8:20am
I hear alot of traders complaining about why things don't happen the way news dictates it to. To revolutionize your trading you must think like Market Movers. They didn't get there trading the news. They got there "Playing the News. News to market movers is but a mere tool to enhance the billions they hold. If I had the billions to trade, the last thing I would do is execute those billions when everyone else is, by following the news. Big money does not trade the news, it plays the news...
  • #34,028
  • Sep 25, 2008 8:23am Sep 25, 2008 8:23am
hi everyone.i just heard a currency strategist working in one of the big firms say that euro would rise to about 1.4900.i beg to differ anyway.whats you guys take on that and what could possibly be the reason.is it the bailout...............................................
  • #34,029
  • Sep 25, 2008 8:23am Sep 25, 2008 8:23am
Quoting indotrader
indeed.. I still don't know why.. I just study the habit so far 100% trade won.. its okay to lose 1 once its not working anymore.. but as you said.. knowing why is even better.. mind to enlight me psiholog ?
Im not much of fundies frankly
i said it three times!!!!...ok ok i will repeat. bad data FAVORS the dollar at the present time because it supports the idea the "bailout plan" is necessary. all these bad numbers were getting week after week shows we are in a major hole and we must find a way out...maybe that bailout plan is the way out so whenever more bad numbers come out the market makers realize ok...this big 700billion dollar price tag to save the economy may not be such a bad thing after all

Psychology 101


Edit:mccain just opened his mouth (that moron) saying the bailout plan will not pass in its current form...blah blah...like this is not know already...trying to make himself look important...anyways this could create more whipsaws at the present time in the currency pair
Different opinions highly valued, ignorant to slander.
  • #34,030
  • Sep 25, 2008 8:28am Sep 25, 2008 8:28am
Quoting psiholog
i said it three times!!!!...ok ok i will repeat. bad data FAVORS the dollar at the present time because it supports the idea the "bailout plan" is necessary. all these bad numbers were getting week after week shows we are in a major hole and we must find a way out...maybe that bailout plan is the way out so whenever more bad numbers come out the market makers realize ok...this big 700billion dollar price tag to save the economy may not be such a bad thing after all

Psychology 101
that makes sense.. so once they use the 700 bill dollar to save the wallstreet, thats also when we see the EUR rally is over and down trend will resume ? (fundamentally) anyone knows the exact date ?
Money often costs too much...
  • #34,031
  • Sep 25, 2008 8:30am Sep 25, 2008 8:30am
I am out at be at the moment. I will wait to see if this uptrend will break the 1HR triangle to reenter or short if it doens't break.




Quoting indotrader
that makes sense.. so once they use the 700 bill dollar to save the wallstreet, thats also when we see the EUR rally is over and down trend will resume ? (fundamentally) anyone knows the exact date ?
  • #34,032
  • Sep 25, 2008 8:31am Sep 25, 2008 8:31am
Quoting indotrader
that makes sense.. so once they use the 700 bill dollar to save the wallstreet, thats also when we see the EUR rally is over and down trend will resume ? (fundamentally) anyone knows the exact date ?
its a high possibility....the fact that ever since sundays huge euro rally just on the "rumor" of the bailout plan the euro has not gained one extra pip suggests to me market makers are really debating what to do next...whether this should help the dollar or not....all opinions at the present time about where it goes next is pure speculation...logic says euro should get even stronger ...personally....i doubt it


btw...they say the final plan should be finished today and presented to the president later....we shall see the huge breakout weve been waiting for possibly later this morning or during the asian session...to be seen
Different opinions highly valued, ignorant to slander.
  • #34,033
  • Sep 25, 2008 8:38am Sep 25, 2008 8:38am
Quoting psiholog
i said it three times!!!!...ok ok i will repeat. bad data FAVORS the dollar at the present time because it supports the idea the "bailout plan" is necessary. all these bad numbers were getting week after week shows we are in a major hole and we must find a way out...maybe that bailout plan is the way out so whenever more bad numbers come out the market makers realize ok...this big 700billion dollar price tag to save the economy may not be such a bad thing after all

Psychology 101


Edit:mccain just opened his mouth (that moron) saying the bailout plan will not pass in its current form...blah blah...like this is not know already...trying to make himself look important...anyways this could create more whipsaws at the present time in the currency pair
being that the US dollar is a fiat currency, wouldn't dumping 700 B banknotes in the market cause a increase in the supply of dollars in the world economy thus lowering the value of the dollar against other currencies? another thing to think about, for the past 2 weeks there have been many buyouts and bankrupt corps. has the market priced in these tremendous losses to the dollar yet?
Egyptian and proud of it!
  • #34,034
  • Sep 25, 2008 8:40am Sep 25, 2008 8:40am
Quoting psiholog
its a high possibility....the fact that ever since sundays huge euro rally just on the "rumor" of the bailout plan the euro has not gained one extra pip suggests to me market makers are really debating what to do next...whether this should help the dollar or not....all opinions at the present time about where it goes next is pure speculation...logic says euro should get even stronger ...personally....i doubt it
thanks for info.. Ive been staying out from predicting trend since Lehman rumor that moved this pair from 38 to 48.. besides.. my technical skill is not enough to predicting trend.. enough for scalping purpose
Money often costs too much...
  • #34,035
  • Sep 25, 2008 8:43am Sep 25, 2008 8:43am
Quoting g-dogg
being that the US dollar is a fiat currency, wouldn't dumping 700 B banknotes in the market cause a increase in the supply of dollars in the world economy thus lowering the value of the dollar against other currencies? another thing to think about, for the past 2 weeks there have been many buyouts and bankrupt corps. has the market priced in these tremendous losses to the dollar yet?
your guess is as good as mine.

let me put it this way. THE UNITED STATES OF AMERICA..."the greatest country in the world" at the risk of undergoing the worst economic downturn in history. We either A)do nothing and this will most likely happen B)do something with a heavy price tag which may or may not work

if you think about it that way....do the other issues really matter?..i think not
Different opinions highly valued, ignorant to slander.
  • #34,036
  • Sep 25, 2008 8:48am Sep 25, 2008 8:48am
Quoting psiholog
your guess is as good as mine.

let me put it this way. THE UNITED STATES OF AMERICA..."the greatest country in the world" at the risk of undergoing the worst economic downturn in history. We either A)do nothing and this will most likely happen B)do something with a heavy price tag which may or may not work

if you think about it that way....do the other issues really matter?..i think not
i understand that, what i wanted to speculate about is how this will affect the Eur/usd and other dollar pairs. some say the buy out has the possibility of strengthening the American economy (long term of course) but i am thinking of the immediate effect of printing 700 Billion and droping it in the market, what would that do to the Currency.
Egyptian and proud of it!
  • #34,037
  • Sep 25, 2008 8:51am Sep 25, 2008 8:51am
here's an interesting article from businessweek about the dollar

http://www.businessweek.com/magazine...s+%2B+analysis
Twitter: @forexpokerpro
  • #34,038
  • Sep 25, 2008 8:51am Sep 25, 2008 8:51am
Quoting g-dogg
i understand that, what i wanted to speculate about is how this will affect the Eur/usd and other dollar pairs. some say the buy out has the possibility of strengthening the American economy (long term of course) but i am thinking of the immediate effect of printing 700 Billion and droping it in the market, what would that do to the Currency.
the immediate effect....good question...all i can say is this...current strong resistance is 1.4750 and current strong support is 1.4600....a break of one of those will tell you the immediate impact...it could spike up 300 pips and come back 400...or the other way around....i hold no bias ill just trade the reaction
Different opinions highly valued, ignorant to slander.
  • #34,039
  • Sep 25, 2008 9:00am Sep 25, 2008 9:00am
The numbers out of the US were dismal.

What gives?

Simple really.

Take away all the noise - I mean everything.

What do you hear?

Who will fare better in a global depression?

The zone or the US?

If you answered - the zone - you aren't watching price action.

If the markets believed the US was not bottoming or that the zone was better off on some level... traders would demolish the dollar.
  • #34,040
  • Sep 25, 2008 9:02am Sep 25, 2008 9:02am
Quoting g-dogg
i understand that, what i wanted to speculate about is how this will affect the Eur/usd and other dollar pairs. some say the buy out has the possibility of strengthening the American economy (long term of course) but i am thinking of the immediate effect of printing 700 Billion and droping it in the market, what would that do to the Currency.
In general, your thinking is correct. The bailout would weaken the dollar's value. The government must print money to cover this nut. So supply/demand applies.

Relative to this pair, that should drive the EUR higher, in the short-term. But how far and how long is anyone's guess right now. The Eurozone certainly isn't roses either. And many speculate that this bailout may spark the ECB to cut rates...an action that would weaken the euro.
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