EURUSD

HAHAHA!!!!

HO HO HO!!

Failing is the learning for future success

hello

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Quote:
Originally Posted by Fkf1019 http://www.forexfactory.com/images/buttons/viewpost.gif
somi, i think small investment 2. i make account with 25k euro and i make back expenses in 1% trade for 40-60 pip. they have 200 pip gaurantee in first 2 week, so if i dunno make profit i get monies back. i just fraid since i newbie. someone else try profxi.com for me please

quick question if you got 401k why do you have a european account? 401 is a u.s. thing.. i went to your sight the average in the 9 weeks stated is 439 pips per wk..439 is a nice amount but without the 1655 of last week the average is 287. i do that on a regular basis. so could a monkey with disipline and money managment.
i think that sight is just looking to sell something not needed. id rather lose money in forex then wasting it on someone trying to teach me something already grasped. their is no magic pill.. find the charts your broker furnishes and study them.. c whats the commoun link to a good trade and repeat it.. dont repeat the bad ones..

another question are you trying to recruit people on this thread to yours for monitary gain?

Kool! - I almost jumped in manually too when I noticed that the ATC platform started getting active VERY early today but I was wary if there was more movement to come. Good Catch!!

Am I really going to have to wait until the new year for normal trading and typical spreads?

We are currently on a very tight spread until the holiday is over and most banks are currently close so I do not expect violent swing and volatility so scalping for few pips is easier just managed to scalp another +20pips on it's way up my daily target is almost finished.

Well, I just checked in after about 3 days off to see high spreads and (expected) low volume. Back to bed.

Happy Holidays and a prosperous New Year to all.

Tight? I have 4 pips almost all the time on EURUSD and this is interbank feed.

Already lost some money trading 23th, volume is so thin that there are no rules at the moment, just random fluctuation to the direction of current (short term) trend at each moment.

And finally a little christmas gift for everyone who is lurking here, it's worth looking at CL (crude), it has been forming a massive divergence.

around 6 pips spread for me now.. lol

Very important stuff

There is a reason chinese released this during christmas holidays.

http://www.marketskeptics.com/2008/1...-currency.html

Sure is major!
This will impact the whole market. Thanks for pointing this to us.
Currently traders are still on vacation, but this will shake the markets very soon.

10 Predictions for 2009

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Jason Hamlin
December 23, 2008

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http://www.forexfactory.com/images/hamlin122308a.gifI don’t have a crystal ball, but my forecasts have been fairly accurate and quite profitable over the past few years. While 2008 has been a tough year, all signs point to 2009 being much worse. Here is what I see on the horizon for the upcoming year.

1. The stock market decline will accelerate in 2009, with the Dow Jones Industrial Average dipping below 6,000. Extreme volatility will engulf the markets with plenty of counter-trend rallies that will be fueled by speculators “calling the bottom,” only to find a new bottom the following month.
2. Unemployment will rise dramatically as “official” statistics reach towards 10% and true unemployment rises closer to 20%.
3. Real estate prices will continue to drop as rates reset and foreclosures increase across the country. Commercial real estate will finally follow residential, as price declines accelerate due to foreclosures on shopping malls, retail outlets, office buildings, etc.
4. Bailouts will continue, with more industries lining up for government rescue packages and both the financial and auto industries returning to the trough for more of their fix. This will lead to prediction #5.
5. Deflation will subdue and the first signs of hyperinflation will appear in the back half of 2009 as the trillions in bailout dollars begin to flow into the economy. The price declines that are a result of liquidation and de-leveraging, will give way to skyrocketing prices as politicians continue trying to print and borrow our way out of bad times. This will lead to prediction #6.
6. The dollar will resume its downtrend and make new lows during the first half of 2009. This will continue throughout the year with the dollar reaching into the low 60’s as the world loses confidence in the U.S. currency and the U.S. government’s ability to repay its debt.
7. Oil will rise from current lows and find a “fair price” somewhere in the $75 - $100 range, where it will float for much of the year. This will benefit alternative energy companies, although any gains will be muted by credit contraction and the overall market decline.
8. Agriculture prices will return to an uptrend as declining investment and unpredictable weather patterns lead to supply shortages amidst an ever-expanding population and increase in inflation.
9. Gold will make a new all-time (nominal) high reaching a price of $1,400 or more during 2009. A panicked flight to safety could push gold towards $2,000, although the central banks will dump gold on the market or make other attempts at suppressing the price advance.
10. All of the above will lead to increased crime and civil unrest with protests in the streets, bank runs and an increased police and military presence trying to bring stability to cities.

[quote=tamster;2438373]

10 Predictions for 2009

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Jason Hamlin
December 23, 2008

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Well I guess I was through with my Holiday cheer anyway
Any predictions for the Zone (EU)

According to Eric deCarbonnel, who summarizes the Commerce Minister, and news from AFP below, this would seem to be very serious and could cause extreme volatility in world markets as well as in many nation's economies...


1) China has announced its intentions to make the yuan an international currency.

2) China not to promote export through currency depreciation

3) China has signed settlement agreements with eight neighboring countries, including Russia, Mongolia, Vietnam and Myanmar, assuming a voluntarily choice of settlement currency.

4) Soon, foreign central will likely be able to use the yuan for forex reserves.

5) China is worried about a possible dollar devaluation.

... but again there has been speculation about this for some time.

Now we can understand better what had happened already...
This new News for us is probably old for big players.

[quote=knuckledrag;2438383] During Asian session Eu broke over strong resistance at 1.4020, following flag formation. Next resistance is at 1.4135. Al said take profit at 1.4123.
I will be monitoring that area to see if it breaks or not.
Overall the dollar will get weaker. It has formed a head and shoulders pattern. The neckline has been broken. It might come back up to test the neckline at some point, before a further drop. The next target for dollar is 67.

Just my opinion.

[quote=tamster;2438393] thanks
now just broke 1.4091..slowing down in here.. could this be the pullback?

[quote=tamster;2438393] Yeap....he sure did...i have it written out on a post-it and stuck on my laptop screen....but that Yuan currency stuff is some news.

It should go to 1.4123. There. or 1.4135 it will probably meet some resistance as USD/CHF hits support as well

US is open today right?