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  • #67,501
  • Feb 22, 2009 12:25am Feb 22, 2009 12:25am
Quoting 99vt66
Now i am confused... why do a Pro needs to know what the other Pro is doing ?? AND even if you know, it may be a INACCURATE becos they mabbe just scaling down or up ? Am I wrong again ?
Well, the point the guy was making regarding the VSA system is that when PA moves up good on sudden high volume and everybody gets into a buying mood, you have to be careful because lots of that high incoming volume is from SELLERS who are looking to sell near the top of the move what they previously bought at lower prices....in fact, their selling is what stops the move!

The same is true when the PA starts to move down good on sudden high volume and everybody gets into the selling mood. That is when the professionals start buying to cover what they previously sold at higher prices. And their buying to cover is what will stop the PA from driving further down.

My point is the better system is not the system that lets us know when the professionals are closing their positions, but rather it is the system that lets us know when they are opening them!
  • #67,502
  • Feb 22, 2009 12:26am Feb 22, 2009 12:26am
Quoting KillerWhale
Actually Euro fundies might look very bad in the near future, especially eastern Europe countries.
Usa fundies: we're getting used to it that they look bad
Yeah they look bad but no one looks good either uncertaininity at its best.
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #67,503
  • Feb 22, 2009 12:29am Feb 22, 2009 12:29am
imho,

what is happening now, USD strength is due to de-leveraging by the big boys and risk aversion.

However once the market calms down, folks will want to venture out again.

Besides, we have tons of USD floating around now from the debts of the country etc. People will one day start to ask.. hey is USD really worth such ?

When the time comes, i will be already longed with positions of today..

just my humble opinions
  • #67,504
  • Feb 22, 2009 12:34am Feb 22, 2009 12:34am
Quoting traderathome
Well, the point the guy was making regarding the VSA system is that when PA moves up good on sudden high volume and everybody gets into a buying mood, you have to be careful because lots of that high incoming volume is from SELLERS who are looking to sell near the top of the move what they previously bought at lower prices....in fact, their selling is what stops the move!

The same is true when the PA starts to move down good on sudden high volume and everybody gets into the selling mood. That is when the professionals start buying to cover what...
But Volume MUST be there during any sharp move up or down..no volume means limited up/down..... no??
  • #67,505
  • Feb 22, 2009 1:17am Feb 22, 2009 1:17am
Quoting nyse1982
NOT SURE WHY PEOPLE CONTINUE TO TRADE USING OUTDATED METHODOLOGY AND TA'S. I'VE READ ALOT OF POST OF PEOPLE WHO ARE VERY HEAVY USERS OF TA'S ON HERE...TRUTH IS THEY DON'T WORK..VSA IS TRUE TRIED METHOD OF TRADING...CHECK OUT ARTICLES IN SFO FOR MORE INFO

http://www.sfomag.com/homefeaturedet...ne&YearID=2006
NORMALLY, WHEN I SEE POSTS LIKE THIS, I'M REMINDED OF NIGERIAN SCAMMERS SINCE EVERYTHING IS IN CAPS.

I HAVE BEEN FEELING BLUE THESE PAST COUPLE DAYS AND THIS IS WHAT I NEEDED. THANKS FOR THE LAUGHTER.
Not all sins are created equal
  • #67,506
  • Feb 22, 2009 2:52am Feb 22, 2009 2:52am
living in Europe... I don't see here a bad vision of eastern europe... instead.. the opposite.. While the west europe seems to be as someone says here.. swimming in shit... eastern europe countries have a lot of potential to grow and and I can see many people going there for jobs. One thing is that a journalist can write in a newspaper , and other thing is reality. I really don't think ECB would risk money to east countries in the middle of this finnancial meltdown.... Maybe Europe is saved by East countries... We will see...
  • #67,507
  • Feb 22, 2009 3:33am Feb 22, 2009 3:33am
Quoting emda
living in Europe... I don't see here a bad vision of eastern europe... instead.. the opposite.. While the west europe seems to be as someone says here.. swimming in shit... eastern europe countries have a lot of potential to grow and and I can see many people going there for jobs. One thing is that a journalist can write in a newspaper , and other thing is reality. I really don't think ECB would risk money to east countries in the middle of this finnancial meltdown.... Maybe Europe is saved by East countries... We will see...
Words of wisdom !

Ppl someone want force u to think in this way about eastern europe.
Eastern europe is doing fine trust me i live in Poland and used to work in Czech Rep.

We are doing just fine but "polish" crooked government drive me nuts and damn media.They are all hookers and works for pimps from damn city.Sorry Belgian folks.
  • #67,508
  • Feb 22, 2009 3:39am Feb 22, 2009 3:39am
Quoting 5ysfx
Words of wisdom !

Ppl someone want force u to think in this way about eastern europe.
Eastern europe is doing fine trust me i live in Poland and used to work in Czech Rep.

We are doing just fine but "polish" crooked government drive me nuts and damn media.They are all hookers and works for pimps from damn city.Sorry Belgian folks.
Poland is an awesome country. Great vodka (Belvedere) and lots of great looking women. Thank you Poland for making my life easier.
Not all sins are created equal
  • #67,509
  • Feb 22, 2009 3:50am Feb 22, 2009 3:50am
that volume thing... made me to review volume charts... never use to see volume but I saw a huge spike in volume recently....

I would like all of you to put your volume charts to compare. and maybe we can make an idea of volume with the volume of all our different brokers....
this is alpari.ru volume....

this huge volume spike in the daily is quite suspicious... what do you think ?
and the spike in the h1 chart in more detail...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: vol1.png Size: 17 KB
Click to Enlarge Name: vol2.png Size: 18 KB
  • #67,510
  • Feb 22, 2009 4:03am Feb 22, 2009 4:03am
my interpretation:
I have defined the rectangle area of price in that volume spike zone...
the average middle point of the square is at 1.30000.... Interesting ! a psychological round number.
Maybe those large firms that can produce that huge volume have changed opinion and are swapping positions... So now euro went lower and may retest that resistance area at 1.30000... That's my plan for this week. Can I be wrong ? Of course.... but at least I have a plan and MM will do the rest
Attached Image (click to enlarge)
Click to Enlarge Name: vol3.png Size: 26 KB
  • #67,511
  • Feb 22, 2009 4:07am Feb 22, 2009 4:07am
Quoting lloydblankfe
guys to me Europe is finished.
1 Banks overleveraged US Average is 12:1 in Eurozone 30:1 most European are probably insolvent if American ones are insolvent.
2 Banks in Eurozone owe American banks 6trillion
3Europe has aging population.
4Europe has no raw materials.
5Europe will be last to recover,
6Corporate debt is twice as high in Europe as in America as percentage of gdp.
7 No European form of government xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
8 no political union has been around forever as Jim Rogers says same with the Euro.
9 Euro countries...
point 7 nothing to do with eur/usd, never mention that again or go back to history lessons
  • #67,512
  • Feb 22, 2009 4:14am Feb 22, 2009 4:14am
Quoting lloydblankfe
guys to me Europe is finished.
1 Banks overleveraged US Average is 12:1 in Eurozone 30:1 most European are probably insolvent if American ones are insolvent.
2 Banks in Eurozone owe American banks 6trillion
3Europe has aging population.
4Europe has no raw materials.
5Europe will be last to recover,
6Corporate debt is twice as high in Europe as in America as percentage of gdp.
7 No European form of government or ideology has been proven successful e.g communism and fascism.
8 no political union has been around forever as Jim Rogers says same with...
watch it again
http://www.iousathemovie.com/
  • #67,513
  • Feb 22, 2009 5:05am Feb 22, 2009 5:05am
Quoting emda
watch it again
http://www.iousathemovie.com/
so dollar is doomed ?
  • #67,514
  • Feb 22, 2009 5:12am Feb 22, 2009 5:12am
Quoting eziC
so dollar is doomed ?
Eventually.

The problem is that the U.S. Government can't tax people more than they already are. But they can print until they run out of trees thus creating inflation which is a disguised form of tax.

So inflation would go rampant and the T-bills the Chinese bought would still bring the same return percentage wise. But if a dollar was worth 10 Yuan a year ago and is worth 6 Yuan today, the Chinese will end up getting the shaft. I wouldn't want to piss them off.

Obama had an option to call a press conference and say "Fellas, this is going to be hard. But we've got to tighten our belts and pay our bills".

Instead of that, he passes another stimulus package which makes as much sense as f@#king for virginity.

Maybe he's starting to get it. http://www.washingtonpost.com/wp-dyn...100911_pf.html
Not all sins are created equal
  • #67,515
  • Feb 22, 2009 5:14am Feb 22, 2009 5:14am
Quoting Jay Walker
Eventually.

The problem is that the U.S. Government can't tax people more than they already are....

USA is on the best way to introduce Amero soon IMHO.
  • #67,516
  • Edited 5:32am Feb 22, 2009 5:20am | Edited 5:32am
Quoting 5ysfx
USA is on the best way to introduce Amero soon IMHO.
Not in the foreseeable future.

Since you're in Europe, I'm certain you have a very good idea how long it took for all of the countries to finally come to an agreement and sign the Maastricht treaty.

Source:http://en.wikipedia.org/wiki/Euro
Quote
The euro was established by the provisions in the 1992 Maastricht Treaty. In order to participate in the currency, member states are meant meet strict criteria such as a budget deficit of less than three per cent of their GDP, a debt ratio of less than sixty per cent of GDP, low inflation, and interest rates close to the EU average. In the Maastricht Treaty, the United Kingdom and Denmark were granted exemptions per their request from moving to the stage of monetary union which would result in the introduction of the euro.

I would only presume that the goal of implementing an Amero would be to compete with the Euro. If that's the case, then the Amero member countries should logically adhere to similar standards as the Euro did if they want to have an ice cube's hope in hell of being a viable currency.

The problem is that the U.S.A. wouldn't be able to keep up with a similar budget deficit rule. Furthermore, the debt ratio is a joke, inflation as well and the interest rates don't match the ones of the other potential member countries.

So if the idea of creating an Amero was to compete with the Euro, it certainly won't be immediate.
Not all sins are created equal
  • #67,517
  • Feb 22, 2009 5:23am Feb 22, 2009 5:23am
Quoting Jay Walker
Eventually.

The problem is that the U.S. Government can't tax people more than they already are....
I can describe only in one word this.. F*CK...

...and HELLO 1.7 EUR/USD
  • #67,518
  • Feb 22, 2009 5:25am Feb 22, 2009 5:25am
Quoting eziC
I can describe only in one word this.. F*CK...

...and HELLO 1.7 EUR/USD
Calling it f@#ked is an insult to fornication.
Not all sins are created equal
  • #67,519
  • Feb 22, 2009 5:33am Feb 22, 2009 5:33am
Quoting Jay Walker
Not in the foreseeable future.

Since you're in Europe, I'm certain you have a very good idea how long it took for all of the countries to finally come to an agreement and sign the Maastricht treaty.

Also, there were rules on deficits a country could have before having the Euro. America leads Canada and Mexico on deficits.

So creating an Amero tomorrow or even next year wouldn't work if the idea was to compete with the Euro.
Soon in economic meanings
First they must create NAU(North American Union) officially then will be time for new currency.
5 years should be enough i suppose.

http://en.wikipedia.org/wiki/North_American_Union
  • #67,520
  • Feb 22, 2009 5:34am Feb 22, 2009 5:34am
Quoting 5ysfx
Soon in economic meanings
First they must create NAU(North American Union) officially then will be time for new currency.
5 years should be enough i suppose.
So the U.S. deficit will be brought to a normal level within 5 years?
Not all sins are created equal
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