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  • #1,061
  • Sep 25, 2008 7:40am Sep 25, 2008 7:40am
Shorting the EURO seems too risky to me right now.... remember the US fundamentals are looking pretty dismal. Isn't the bailout supposed to raise the national debt and put the final nail in the coffin of the USD?
  • #1,062
  • Sep 25, 2008 7:45am Sep 25, 2008 7:45am
But the news just changed the equation I guess. What do u guys say
  • #1,063
  • Sep 25, 2008 7:53am Sep 25, 2008 7:53am
really really really bad news for usd...
  • #1,064
  • Sep 25, 2008 8:05am Sep 25, 2008 8:05am
Bailout bad? Yes. But if it doesn't happen--even worse!! This is what is necessary to keep the USD alive. It would also be bad news for the other currencies as well if this bailout doesn't happen. A weak USD is no good for anyone. So no it's not the last nail in the coffin. . .the USD will come back.
  • #1,065
  • Sep 25, 2008 8:05am Sep 25, 2008 8:05am
Quoting karthik
But the news just changed the equation I guess. What do u guys say
It is way to early to determine a downtrend. Look at the USD calendar, everything is in red, terrible news. Take a look at the EUR news, and you'll see it is quite stable. EUR/USD is going to that 1597, i don't know when but it is going there. The USD news are way too terrible, with the worst being that existing home sales yesterday.
  • #1,066
  • Sep 25, 2008 8:17am Sep 25, 2008 8:17am
Quoting Hwd
It is way to early to determine a downtrend. Look at the USD calendar, everything is in red, terrible news. Take a look at the EUR news, and you'll see it is quite stable. EUR/USD is going to that 1597, i don't know when but it is going there. The USD news are way too terrible, with the worst being that existing home sales yesterday.
Yes, I agree. It would be great if Mouteki could post what pairs he is looking at right now so that we could also look into them and identify potential setups.
  • #1,067
  • Sep 25, 2008 8:22am Sep 25, 2008 8:22am
Yeah but is there a chance that the bailout will cause a short term rally in the USD, because it won't have a pricetag as big as expected?

Congress isn't going to give the administration what they want, the full amount, upfront. The bailout is going to be less/different than what has been discussed all week (nobody is writing Paulson a $700 billion check).
  • #1,068
  • Sep 25, 2008 8:38am Sep 25, 2008 8:38am
Looks like a weakening dollar to me. I believe we need to determine a trigering point in which we will consider this market to be heading back in its direction ( South )
Attached Image (click to enlarge)
Click to Enlarge Name: usd chf.gif Size: 24 KB
  • #1,069
  • Sep 25, 2008 8:43am Sep 25, 2008 8:43am
wooo , it's crazy - if someone looked at 5 min chart - it's pattern after pattern , H&D and than reverse H&D , it's a war zone , this area eventually will be the new higher low or the new lower high on the daily \ weekly chart .

tommorow it's a gann day , if u don't now gann - it's a day with high probbability to a reversal in the markets .

it is really interesting to watch the gold chart (which I think is a great indicator for the markets situation ) , the up had stopped exactlly on the 61.8 fib level , and in the smaller TF you can see that there is something cooking ...

My feeling is that we are going to see the USD going to higher levels .

good luck.
Attached Image (click to enlarge)
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  • #1,070
  • Sep 25, 2008 8:49am Sep 25, 2008 8:49am
Quoting Barak's pip
wooo , it's crazy - if someone looked at 5 min chart - it's pattern after pattern , H&D and than reverse H&D , it's a war zone , this area eventually will be the new higher low or the new lower high on the daily \ weekly chart .

tommorow it's a gann day , if u don't now gann - it's a day with high probbability to a reversal in the markets .

it is really interesting to watch the gold chart (which I think is a great indicator for the markets situation ) , the up had stopped exactlly on the 61.8 fib level , and in the smaller TF you can see that there is something cooking ...

My feeling is that we are going to see the USD going to higher levels .

good luck.
So meaning the usd is going to get stronger, adn eur/usd will go down?
  • #1,071
  • Sep 25, 2008 9:01am Sep 25, 2008 9:01am
Quoting 4xisfun
So meaning the usd is going to get stronger, adn eur/usd will go down?
exactlly ...

it is only a feeling since the move hasn't started yet , but this feeling is based on the nasdaq , dj , gold , oil charts ... I think that the 700b$ will be aprooved , we will see the USD going back to stregth route ...

but , like I wrote we are in a war zone between the bulls and the bears ...

in the chart I attached u can see that price left tails on the purple line , for me it's a hint ... but everything is open , and I'll join the winner direction.
Attached Image (click to enlarge)
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  • #1,072
  • Sep 25, 2008 9:07am Sep 25, 2008 9:07am
Is the bailout good or bad for the $?
  • #1,073
  • Sep 25, 2008 9:08am Sep 25, 2008 9:08am
guys,i think this pair will give lots of satisfaction...i'm already short and waiting till it goes at least at the 610 fibzone at 0.7250
Attached Image (click to enlarge)
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  • #1,074
  • Sep 25, 2008 9:13am Sep 25, 2008 9:13am
Hopefully it will go down/retrace and you get in short and I will wait and get in long once the retracement is complete and of course the Fib Retracement is respected. Good trading to both of us.

TimeFreedom

Quoting Sergio
ok, you want the big one long, i want the small one short
  • #1,075
  • Sep 25, 2008 9:14am Sep 25, 2008 9:14am
Quoting karthik
Is the bailout good or bad for the $?
It's bad because we will be in more debt. But it's good because it's saving our economy from total meltdown.
  • #1,076
  • Sep 25, 2008 9:14am Sep 25, 2008 9:14am
Quoting monkey
Yeah but is there a chance that the bailout will cause a short term rally in the USD, because it won't have a pricetag as big as expected?

Congress isn't going to give the administration what they want, the full amount, upfront. The bailout is going to be less/different than what has been discussed all week (nobody is writing Paulson a $700 billion check).
Yes Monkey,
And Iraq was only going to be a short war! Once they get started, there is no way of knowing where it will end - GM and Ford will need/want/expect bailouts too.
  • #1,077
  • Sep 25, 2008 9:15am Sep 25, 2008 9:15am
Your time and efforts are greatly appreciated.

TimeFreedom

Quoting fewhills
TimeFreedom, I'm at my work at the moment, so I can't have a look at it now, but I think this is a MT4 problem.
Still I will look at this matter as soon as I have the opportunity to do so.
  • #1,078
  • Sep 25, 2008 10:22am Sep 25, 2008 10:22am
Hi guys this is my first post though l ve been following this thread, but lam having problems with the indicator. It's ploting values to their 5th decimal point not the 4th and hence my FZ levels and buched together. How do l go about fixing this.
I will apliciate you help.
  • #1,079
  • Sep 25, 2008 10:28am Sep 25, 2008 10:28am
Quoting Islander
Sirens - please reduce the size of the chart that you posted - its far too big and screwing up this whole page. http://www.forexfactory.com/images/icons/icon8.gif Thanks.
Sorry, I'm new to the forums. Could you please tell me how I can attach a smaller thumbnail like everyone else does?
  • #1,080
  • Sep 25, 2008 10:42am Sep 25, 2008 10:42am
what do say people , did I missed the train and I should wait to the next retracement to short this pair?

it looks like harmony , and it looks like it is going down... when do you think it will be best to short it?

thanks
Attached Image (click to enlarge)
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