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  • #64,281
  • Feb 11, 2009 11:41pm Feb 11, 2009 11:41pm
Quoting Chicky
You are 100% correct, not a W of this size which is may be in the making. Euro is a very young currency plus monthly time frame is too short a time frame to accommodate W of this size. Maybe we have to see a timeframe that presents data of about 100 years to see how rare are Ws of this size. If we get into one this time, I will be able to pass on my long postion to next generation, with a pyramid of trades higher than Pyramids of Giza indeed
next month or 6 may be interesting..if it holds... as history shows.. europeans dont mind fighting each other..especialy in hard times like now.. whos to say the eurozone will stay together..(plus wild card russia+oil) and the soviet offsping..might be a powderkeg in a few years...
those who can, do. those who cant, talk about those who can
  • #64,282
  • Feb 11, 2009 11:54pm Feb 11, 2009 11:54pm
Quoting gatorinla
next month or 6 may be interesting..if it holds... as history shows.. europeans dont mind fighting each other..especialy in hard times like now.. whos to say the eurozone will stay together..(plus wild card russia+oil) and the soviet offsping..might be a powderkeg in a few years...
I have yet to receive a study by a very experienced trader who opens only one position in a year and keeps on pyramiding on it. What I learned is that cycles do come and the current shape of world economic conditions indicate that we are in the middle of one. There are expectations of Euro falling below parity to ging above 1.6000 in a year or so, but no one knows for sure how it will develop.
The Thief of Wall Street
  • #64,283
  • Feb 11, 2009 11:56pm Feb 11, 2009 11:56pm
Moving with lightning speed, the Democratic-controlled Congress and White House agreed Wednesday on a compromise $790 billion economic stimulus bill designed to create millions of jobs in a nation reeling from recession. President Barack Obama could sign the measure within days
you are the only one , who creates your reality .
  • #64,284
  • Feb 11, 2009 11:57pm Feb 11, 2009 11:57pm
well if next low test fails ill be that guy...
those who can, do. those who cant, talk about those who can
  • #64,285
  • Feb 12, 2009 12:02am Feb 12, 2009 12:02am
Quoting piano11
Moving with lightning speed, the Democratic-controlled Congress and White House agreed Wednesday on a compromise $790 billion economic stimulus bill designed to create millions of jobs in a nation reeling from recession. President Barack Obama could sign the measure within days
Ugh. Spending to get wealth. Sounds as logical to me as f**king for virginity.
Not all sins are created equal
  • #64,286
  • Feb 12, 2009 12:07am Feb 12, 2009 12:07am
Quoting 99vt66
Wow, what a brilliant insight. Care to share how to play safe ? How and when to enter/ stop loss/ tp level ???
Stop depends on how much you are willing to risk on each trade. Playing safe means following your own rules. Tp level.. well you can aim for a previous low/high take half your position when its reached and let the rest run.
  • #64,287
  • Feb 12, 2009 12:13am Feb 12, 2009 12:13am
hi
eur and pound mabe growth vs usd becouse $790 billion economic stimulus can risk Appetite again growth
you are the only one , who creates your reality .
  • #64,288
  • Feb 12, 2009 12:15am Feb 12, 2009 12:15am
Quoting 99vt66
Wow, what a brilliant insight. Care to share how to play safe ? How and when to enter/ stop loss/ tp level ???
MackS10 has presented a good analysis. But, not every market situation no matter how accurately speculated is playable at all the times. Some analysis are carried out to know whether to play or not to play in a particular situation if develops. This is that kind of analysis - warns you of the dangers or risks steming from playing too early on a likely break-out.
The Thief of Wall Street
  • #64,289
  • Feb 12, 2009 12:27am Feb 12, 2009 12:27am
The [CHF/YEN] stays below 78.00 and the 21-days MA (slightly down to 78.18) after trying to rise through 80.00 on Feb 6-9, and this may coincide with the headline pair Dlr/Chf's triple bottoms around 1.1500.

[AUST] The Government has just moved to tighten its foreign ownership laws to propose convertible bonds be treated the same as equity. The amendment will take effect from Thursday, and ironically came at the same time that struggling Anglo Australian mining group, Rio Tinto, confirmed a huge $19.5bln deal with Aluminum Corp of China (Chinalco), which involves the issue of convertible bonds and minority stakes in a collection of its mining assets. Included under the proposed deal, Chinalco will buy $7.2bln convertible bonds in Rio Tinto, which would result in the Chinese state owned aluminium company holding as much as 18% in the group if the debt is converted. The deal requires regulatory approval.

[NZ DATA PREVIEW] Retail sales surprised by coming in flat over Nov. Ex auto, core sales in fact rose by +0.3%, with spending appearing to have picked up modestly on the back of tax cuts, lower fuel prices & the substantial interest rate cuts from July. However underlying momentum is far from robust, with consumer spending likely to have pulled back over the December month as the intensifying global economic downturn and rising unemployment, spurs consumers to save any monetary gains. On a qtrly inflation basis, real spending is also expected to remain embedded at recessionary levels by falling for the 4th straight qtr. Market forecasts are on sales falling by 1.1% over Dec and easing by -0.5% q/q vs -0.9% prior. Anecdotal evidence poses risks to the downside. Data due Feb 12 21.45GMT.
those who can, do. those who cant, talk about those who can
  • #64,290
  • Feb 12, 2009 12:28am Feb 12, 2009 12:28am
[ASIAN CLOSE] The USD is a tad softer even as US lawmakers clears the $789 bln stimulus. The Usd/Jpy which reached an intraday high of 90.42 was weighed down by mkt chatter of Japanese repatriation for FY08/09 Mar end.

[MOODYS] has issued a new measure to identify Triple A rate Government's grappling with the financial crisis; by dividing them into "resistant", "resilient" and "vulnerable" groups. Whilst the new report does not constitute a change in the rating or outlook of the countries mentioned; it is worth noting as it singled out only Ireland and Spain as the only "vulnerable" AAA countries that are "forced to take risks with their public finances". The "resilient" group comprised the UK and US, whose triple A ratings "are being tested due to shocks to their growth model and large contingent liabilities".. but "have the capacity to rise to their challenges". On top of the list are "resistant" countries - Germany, France, Scandinavian countries, Switzerland, Australia, Canada and Singapore - whose ratings "have so far been largely untested".


[AUST] The Govt's Aud 42 bln economic stimulus package has been voted out by the Upper House Senate in a huge blow to Prime Minister Rudd and the economy in general; as it totters on the verge of a recession. The Senate vote was a tie at 34-34; but which means it was defeated. The stimulus plan was aimed at the country averting a recession, and wld have also pushed the Government's budget into a A$22.5 bln deficit, its first shortfall in seven years. The government, which needed the support of either the Liberal- National coalition or seven minor party Senators to pass the legislation, will now reintroduce the laws immediately to the Lower House and recall the Senate to debate again on Feb 23rd. [AUD/USD] is seen in risk of erasing its employment induced gains on the news, with moves back twds the 0.6500 handle to be eyed again.
those who can, do. those who cant, talk about those who can
  • #64,291
  • Feb 12, 2009 12:36am Feb 12, 2009 12:36am
Hey guys, it looks like we are getting ready to swing big in a bit, yesterday was a huge drop in stockmarket, today was a choppy even session, I think we are getting ready to rally either tomorrow or friday maybe even monday after obama signs the bail out bill, and If lindee is on the money we are heading north , maybe test 1.33, in either case its gonna be one hellofaride...

Or am I dreaming...

UP or Down, you call it...
What goes up... Must come down
  • #64,292
  • Feb 12, 2009 12:45am Feb 12, 2009 12:45am
Quoting yanick2nick
Hey guys, it looks like we are getting ready to swing big in a bit, yesterday was a huge drop in stockmarket, today was a choppy even session, I think we are getting ready to rally either tomorrow or friday maybe even monday after obama signs the bail out bill, and If lindee is on the money we are heading north , maybe test 1.33, in either case its gonna be one hellofaride...

Or am I dreaming...

UP or Down, you call it...

i think the sidelines is the best place until someone knows lol
  • #64,293
  • Feb 12, 2009 12:48am Feb 12, 2009 12:48am
Quoting CAnthonyMVE
i think the sidelines is the best place until someone knows lol
To your best fundamental analysis of the global picture, call something UP to 1.33 or Down to 1.27

I SAY UP, lets see if we get 62% of the people agree
What goes up... Must come down
  • #64,294
  • Feb 12, 2009 12:56am Feb 12, 2009 12:56am
Quoting yanick2nick
To your best fundamental analysis of the global picture, call something UP to 1.33 or Down to 1.27

I SAY UP, lets see if we get 62% of the people agree
I see UP. The gen public not really happy about the bailout....cuz they all know its not going to do much to help economy. Only time and patience will.... and they(Obama) didnt cut personal income tax nearly enough to spark consumer spending.

I guess he never took Economics 101
  • #64,295
  • Feb 12, 2009 12:57am Feb 12, 2009 12:57am
if we strongly break 2920 level then i'm going in long until 2940 or 2950 as my first t/p level.

If this does not happen then I have other plans
  • #64,296
  • Feb 12, 2009 12:59am Feb 12, 2009 12:59am
i think its going up also
  • #64,297
  • Feb 12, 2009 1:01am Feb 12, 2009 1:01am
Quoting yanick2nick
Hey guys, it looks like we are getting ready to swing big in a bit, yesterday was a huge drop in stockmarket, today was a choppy even session, I think we are getting ready to rally either tomorrow or friday maybe even monday after obama signs the bail out bill, and If lindee is on the money we are heading north , maybe test 1.33, in either case its gonna be one hellofaride...

Or am I dreaming...

UP or Down, you call it...
Quote:
Originally Posted by yanick2nick http://www.forexfactory.com/images/buttons/viewpost.gif
To your best fundamental analysis of the global picture, call something UP to 1.33 or Down to 1.27

I SAY UP, lets see if we get 62% of the people agree

Quoting joemiami
I see UP. The gen public not really happy about the bailout....cuz they all know its not going to do much to help economy. Only time and patience will.... and they(Obama) didnt cut personal income tax nearly enough to spark consumer spending.

I guess he never took Economics 101
Hey guys lets try to tally up the votes

Keep the thread

UP 3 Down 0
What goes up... Must come down
  • #64,298
  • Feb 12, 2009 1:01am Feb 12, 2009 1:01am
well after the US unemployment claims news comes forth, I'm assuming we can look for another 200+ pip move on the pair like last week..Boy am I excited!!
  • #64,299
  • Feb 12, 2009 1:06am Feb 12, 2009 1:06am
damn if cutting taxes was the whole answer how did we get here?
those who can, do. those who cant, talk about those who can
  • #64,300
  • Feb 12, 2009 1:07am Feb 12, 2009 1:07am
First, it's going to be down

Then it's going to be up.

Then sideways for a while.

Then it will shoot up and some people will be like "whoa!"
Not all sins are created equal
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