This link works pretty good too
Jay, you're too subtle for me... As always.
FUBAR...
- #57,221
- Jan 19, 2009 1:26pm Jan 19, 2009 1:26pm
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
Jay, you're too subtle for me... As always.
- #57,222
- Jan 19, 2009 1:28pm Jan 19, 2009 1:28pm
- Joined Jan 2008 | Status: HEY! WHA' HAPPENED? | 15,496 Posts
Not all sins are created equal
- #57,227
- Jan 19, 2009 2:22pm Jan 19, 2009 2:22pm
Im a buyer at this level long term with 50 pips of sl. Looking for 1.33-1.35 in the next couple of days.
If you are new dont play and if you do use low leverage and low margin if you take this trade.
It is crazy trend 
- #57,228
- Jan 19, 2009 2:28pm Jan 19, 2009 2:28pm
- Joined Mar 2008 | Status: Still testing and trading | 1,454 Posts
- #57,230
- Jan 19, 2009 2:36pm Jan 19, 2009 2:36pm
- Joined Jan 2008 | Status: Inertial Member | 2,297 Posts
- #57,233
- Jan 19, 2009 2:41pm Jan 19, 2009 2:41pm
- Joined Mar 2008 | Status: Still testing and trading | 1,454 Posts
Regarding the red zone you mention, I have exactly the same thing on my mind for quite some time now (i have it in one of my earlier posts). The thing that led me to this conclusion are the fibs drown during the november weeks where the weekly opening closing price was the same and it seemed like an endless broad range. Those levels proved to be very important during the range and than on the way up and down. 1.2742 being the 100%
I am a newbie and from what I understood so far there is no such thing as an "equilibrim" in the forex system but perhaps this is sort of a temporary one reflecting the current situation: EU and US badly messed up (harsher expresions more suitable actually), US being a step ahead (to the abyss or recovery depending on that "hope" thing) and the price just oscillates arround this figure driven by the news. The up moves either much easier to induce or we simply have not yet had a EUR negative news of that importance.
I was hoping that some of the elders here can enlighten me on the matter.
Regarding the "hope" thing, it is namely due to it's ability to make people take actions unsupported by the current reality, that it can create it's own universe and eventually lead to recovery.
Being concentrated on dealing with the problems here in Europe, I know nothing about Obama except for the fact that he makes far better impression than the funny guy stepping out of the office. Let's hope
he is the new Leader ad may the force be with him coz he'll need all of it.
I was contemplating on the "hopless" side. I think the forex, futures, ect. markets will be the first to close as being utterly unnecessary in the world where the money as we know it is gone and people concentrate on more important things such as, water, canned food and guns. Well this is the ultimate macabre scenario and we have I think at least 1,5 to 2 years to have fun on forex so let's make some money while it is worth anything.
Good luck to all
I am a newbie and from what I understood so far there is no such thing as an "equilibrim" in the forex system but perhaps this is sort of a temporary one reflecting the current situation: EU and US badly messed up (harsher expresions more suitable actually), US being a step ahead (to the abyss or recovery depending on that "hope" thing) and the price just oscillates arround this figure driven by the news. The up moves either much easier to induce or we simply have not yet had a EUR negative news of that importance.
I was hoping that some of the elders here can enlighten me on the matter.
Regarding the "hope" thing, it is namely due to it's ability to make people take actions unsupported by the current reality, that it can create it's own universe and eventually lead to recovery.
Being concentrated on dealing with the problems here in Europe, I know nothing about Obama except for the fact that he makes far better impression than the funny guy stepping out of the office. Let's hope
he is the new Leader ad may the force be with him coz he'll need all of it.I was contemplating on the "hopless" side. I think the forex, futures, ect. markets will be the first to close as being utterly unnecessary in the world where the money as we know it is gone and people concentrate on more important things such as, water, canned food and guns. Well this is the ultimate macabre scenario and we have I think at least 1,5 to 2 years to have fun on forex
so let's make some money while it is worth anything.Good luck to all
Riding the Dragon....
I find myself looking at longer and longer TF's, while trading shorter and shorter ones. Not sure what that's about...
In any event, I think the red target zone shown below represents what I'll call ((for lack of a better term right now)) the "natural buoyancy" level for EU at least for the near to mid term. I could easily be a little low on the upper side as well. It may be closer to 29.xx
my upper post was a reply to this one
Riding the Dragon....
- #57,238
- Jan 19, 2009 3:32pm Jan 19, 2009 3:32pm
- Joined Jan 2008 | Status: HEY! WHA' HAPPENED? | 15,496 Posts
Not all sins are created equal