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  • #67,381
  • Feb 20, 2009 2:53pm Feb 20, 2009 2:53pm
Quoting egkid
Looks bullish to me, Clear Hummer, tempting to go long ...
go long now or wait ...
Im looking for possible retrace, then long.....
Dr. C
  • #67,382
  • Feb 20, 2009 3:01pm Feb 20, 2009 3:01pm
Quoting PracticalPip
Probably not, but 1.3250 should be easily achieved next week. The 4h chart and daily are extremely bullish right now. MACD is turning up on both and is in alignment with a north-bound Stochastics.

The downtrend that started on 2/9/09 had a perfect trend-ling that has followed it down. We tested it with the last run up two nights ago, came down to consolidate and crushed through it today. This move was the least bit surprising to any quiet, patiently waiting bulls...
Excellent stuff man. I hope to write a similar story on my blog... before 2010

I've been dedicated to scalping since taking huge losses initially but now that I've made back most of my investment I've been doing longer-term analysis on daily charts as well. Your analysis seems right in line with my thinking, I'll be eagerly checking your site.

Thanks!
  • #67,383
  • Feb 20, 2009 3:06pm Feb 20, 2009 3:06pm
Quoting alexanvl
Excellent stuff man. I hope to write a similar story on my blog... before 2010

I've been dedicated to scalping since taking huge losses initially but now that I've made back most of my investment I've been doing longer-term analysis on daily charts as well. Your analysis seems right in line with my thinking, I'll be eagerly checking your site.

Thanks!
Glad to hear it and thanks for the compliments. I'm pulling up yours now and going to have a read since it seems everyone has abandoned us to enjoy their weekend
  • #67,384
  • Feb 20, 2009 3:12pm Feb 20, 2009 3:12pm
Thank you for your answers.

imo: if market is not going down before closing, means that traders will add to their longs if we will see a retracement on Monday, but they hold in case of a gap to the upside over the weekend.

Any comments on this?
/ ... clarifying decisions ... /
  • #67,385
  • Feb 20, 2009 3:13pm Feb 20, 2009 3:13pm
Yep...seems like the party is over for the week ladies and gentlemen...
*Bows*
  • #67,386
  • Feb 20, 2009 3:16pm Feb 20, 2009 3:16pm
s eu entry 2850 tp 2600 sl 2915
gu s 4440

have a great weekend
those who can, do. those who cant, talk about those who can
  • #67,387
  • Feb 20, 2009 3:16pm Feb 20, 2009 3:16pm
Quoting nvcK
Dude, you should get some outside source of information. I have no idea which "market analyst" you get your information from but, and that might be a revelation for you, America is the worst hit country and no amount of mud slinging is going to save it. God, I just hope you crazies (my apologies to the reasonable people) will not start nuking stuff.
Mate some people need to seriously visit a doctor. Why is unemployment rising more quickly in Europe than America. European banks owe American banks 6 trillion according to international bank of settlement. Watch cnbc or bloomberg. America will be the one to lead recovery. GDP is expected to be
-0.5% to -1.3 % Whereas Europe is expected to be -1.9% according to European commision. Mate just because the crisis started in America doesn't mean things will be worst. Europe has sat there twidling their thumbs as the crisis has developed.
  • #67,388
  • Feb 20, 2009 3:27pm Feb 20, 2009 3:27pm
Quoting gatorinla
horse shit... the rule was changed on april 28 2004 ... because sec... allowing goldemen and others to leverage change from 15% to unlimited... so put that in perspective with the guy having a 25k year job and buying a 250k house....no difference.. both over leveraged... the difference the guy making 25k wasnt the so called smartest in the room (like goldmen ect.) ..but yet the smartest guy in the room bought/sold these bundled up morgages.by the billions.....so you tell me whos the smartest guy in the room now...meanwhile goldmens golden (paulson)boy...
Mate look at earnings on margin etc Goldman has outperformed all investment banks-not investment banks now since they changed status. However some are overleveraged. Goldman mark things down more accurately using fair value etc. European banks have much larger problems.

Industrial production is declining faster around the world than America- Volcker observed today.
  • #67,389
  • Feb 20, 2009 3:30pm Feb 20, 2009 3:30pm
Well, looks my theory of gaps closing within the week still holds true.

Crazy move up before the weeks end.
  • #67,390
  • Feb 20, 2009 3:36pm Feb 20, 2009 3:36pm
What's the consensus - EURUSD breakout below ~1.2450 support, or rebound due to dismal US fundamentals?
  • #67,391
  • Feb 20, 2009 3:39pm Feb 20, 2009 3:39pm
Quoting alyehoud
What's the consensus - EURUSD breakout below ~1.2450 support, or rebound due to dismal US fundamentals?
As I've been calling all week, still think we could see a break up out of this daily falling wedge. Price sure had a crack at it.

Next week should be interesting.

Hope you all have a great weekend.
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  • #67,392
  • Feb 20, 2009 3:46pm Feb 20, 2009 3:46pm
Quoting NuckingFuts
As I've been calling all week, still think we could see a break up out of this daily falling wedge. Price sure had a crack at it.

Next week should be interesting.

Hope you all have a great weekend.
I still consider myself a newb, but I can definitely see a semblance of a decending triangle there. The problem is that that support level is quite strong and were it to break that, it would have strong implications on the EUR/USD pair since it hasn't been below that since mid-2006.
  • #67,393
  • Feb 20, 2009 3:52pm Feb 20, 2009 3:52pm
Quoting alyehoud
I still consider myself a newb, but I can definitely see a semblance of a decending triangle there. The problem is that that support level is quite strong and were it to break that, it would have strong implications on the EUR/USD pair since it hasn't been below that since mid-2006.
It's a descending triangle alright, very bullish. Threre's one forming on the weekly too.

1.27 was supposed to be strong, looks like false break of that.

Still bullish until the charts show me otherwise.
  • #67,394
  • Feb 20, 2009 3:54pm Feb 20, 2009 3:54pm
Quoting alyehoud
I still consider myself a newb, but I can definitely see a semblance of a decending triangle there. The problem is that that support level is quite strong and were it to break that, it would have strong implications on the EUR/USD pair since it hasn't been below that since mid-2006.
Yes, I also think (gut feel) that we'll at least have a crack at it. Gut feel is not the way to trade though.
  • #67,395
  • Feb 20, 2009 3:57pm Feb 20, 2009 3:57pm
Quoting NuckingFuts
Ok, here we go. Just my view...
Still holding firm on it for now.
  • #67,396
  • Feb 20, 2009 4:04pm Feb 20, 2009 4:04pm
Just a quick post,

If anyone noticed today, Gold went up to 1000. This is important first of all because a break up will probably accelerate to 1100 really fast and that will get EUR/USD to rally , who knows maybe to 1.35 within the next week or so. Of course that does not happen then EUR/USD is still a pair to short on every rally and overall this pair will go towards 1.1 this year unless something major fundamentally changes

Happy pips,
Green Forex Trading
Happy Trading everyone
  • #67,397
  • Feb 20, 2009 4:20pm Feb 20, 2009 4:20pm
Quoting NuckingFuts
It's a descending triangle alright, very bullish. Threre's one forming on the weekly too.

1.27 was supposed to be strong, looks like false break of that.

Still bullish until the charts show me otherwise.
Seems it is better to have the market show you an upmove (beyond one day) then start thinking bullish, because even though Friday closed up, on a weekly chart we had a lower low once again!!
  • #67,398
  • Feb 20, 2009 4:21pm Feb 20, 2009 4:21pm
Quoting spavadache
Just a quick post,

If anyone noticed today, Gold went up to 1000. This is important first of all because a break up will probably accelerate to 1100 really fast and that will get EUR/USD to rally , who knows maybe to 1.35 within the next week or so. Of course that does not happen then EUR/USD is still a pair to short on every rally and overall this pair will go towards 1.1 this year unless something major fundamentally changes

Happy pips,
Green Forex Trading
Yeah but then it closed back below $1000
  • #67,399
  • Feb 20, 2009 4:38pm Feb 20, 2009 4:38pm
Quoting trading801
U R JOKING RIGHT?

haahahahahaa

I've told you it is an intervention
  • #67,400
  • Feb 20, 2009 4:53pm Feb 20, 2009 4:53pm
EU at 1.2929?


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