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  • #68,141
  • Feb 23, 2009 2:52pm Feb 23, 2009 2:52pm
hey gator does IMHUO mean "In My Humble Uninformed Opionion"

just a question no insult intented if it dont ..thkz..
and just my 2 cents I thinkit is going up ...why

because I said so hehehe and it is in devergence on 5 min but a 5min devergence will not make a big effect on a long term chart..
If you need something important don't hesitate to ask someone else.....
  • #68,142
  • Feb 23, 2009 2:58pm Feb 23, 2009 2:58pm
Quoting egkid
What it will be if DowJ drop to 4150 april 1995 low??
Could drop more than that? how will be the usd?

It's already broke oct 2002
look what I said about DOW some weeks ago..
http://www.forexfactory.com/showthre...15#post2508015
  • #68,143
  • Feb 23, 2009 3:00pm Feb 23, 2009 3:00pm
Is there a single resource to do fundamental research daily to help to determine markets, such as oil up or down, gold up or down, strength or weakness of the currencies and why. Do most of you guys favor one source over another so I am not checking all over the place for these things. Just curious and thank you!

BB
Whats happening in EUR/USD should be happening to you!
  • #68,144
  • Feb 23, 2009 3:00pm Feb 23, 2009 3:00pm
Quoting kenfen69
Good to know...

Well done today. Keep posting no matter what others are saying. I definitely trade E/U most, but I'm always on the lookout for activity. Nice to get it in one thread.

Good luck
I also trade the E/U mostly but also trade other pairs at the same time. When the E/U is going in either direction there are always other pairs reacting as well and it's good to know which other pairs are moving opposite or in the same direction so I can play both ends of the trade.
  • #68,145
  • Feb 23, 2009 3:02pm Feb 23, 2009 3:02pm
Quoting cdrmaster
hey gator does IMHUO mean "In My Humble Uninformed Opionion"

just a question no insult intented if it dont ..thkz..
and just my 2 cents I thinkit is going up ...why

because I said so hehehe and it is in devergence on 5 min but a 5min devergence will not make a big effect on a long term chart..
its got a support at 2700 then 2692... and a bunch more under that.... if it goes up it still has to pass though the same crap that held it up all morning... besides im locked in with profit.... asian market will probably resume lower equity trend.. but i dont know... good luck with your trade.. im not scalpin...if we get hung up a major support ill go long too..those supports are your devergence
those who can, do. those who cant, talk about those who can
  • #68,146
  • Feb 23, 2009 3:06pm Feb 23, 2009 3:06pm
Yah I am more of a scalper I guess you could say ...take 5-10pips a trade and trade the 5min TF....been reading post here for a while just been waiting to put my 2 cents in hehe...

Seems like a really friendly group except for a few who would rather make fun or argue... but good info non-the less...
If you need something important don't hesitate to ask someone else.....
  • #68,147
  • Feb 23, 2009 3:06pm Feb 23, 2009 3:06pm
EUR/USD this hour:

Looking for a test in 1,2750 – HAS to close above 1,2740 to be bullish and then next hour looking for test in 1,2810 area
Twitter: Forexlivetrade - Buy: AFFI.CPH ISIN: DK0015966592 - target 12 DKK
  • #68,148
  • Feb 23, 2009 3:09pm Feb 23, 2009 3:09pm
Quoting gatorinla
its got a support at 2700 then 2692... and a bunch more under that.... if it goes up it still has to pass though the same crap that held it up all morning... besides im locked in with profit.... asian market will probably resume lower equity trend.. but i dont know... good luck with your trade.. im not scalpin...if we get hung up a major support ill go long too..those supports are your devergence
guess what this means imfuo
those who can, do. those who cant, talk about those who can
  • #68,149
  • Feb 23, 2009 3:12pm Feb 23, 2009 3:12pm
Looks like some upward movement going on
  • #68,150
  • Feb 23, 2009 3:22pm Feb 23, 2009 3:22pm
Quoting emda
look what I said about DOW some weeks ago..
http://www.forexfactory.com/showthre...15#post2508015
If we reached to Point B as u mention crash , does that mean selling USD, changing in www for reserved currency ? or will will keep Buying it?
  • #68,151
  • Feb 23, 2009 3:31pm Feb 23, 2009 3:31pm
Looks like it is leveling off on the 5min not going down as fast ..

not sure though if it is just slowing for a min and gonna take off down or if it is gonna turn back up .. but with the devergence I see on 5min think it will take a bit of ajump up ..

I used ot trade on a longer TF but I just could not manage my money well for some reason ...did good to start was only tradeing for about 2month and went from $1000.00 to $16000.00 in my accoun tin 2 and a half month but then I got stuck in a trade that would nto turn around and could bring myself to close it and before long I was so far in the hole I got a margin call ...watched it the whole way down and kept telling my self it will turn my way .....now if I get stuck I buy my way outa the trade that is bad ..make sure I have enough to keep tradeing in case I get stuck ..when I scalpe I get about 100pips a day I just dont have the nerves to watch it build up and up I would rather just take my few pips and be done with it and look again for more..
If you need something important don't hesitate to ask someone else.....
  • #68,152
  • Feb 23, 2009 3:43pm Feb 23, 2009 3:43pm
its all comparible!!!! if u.s. if a meteor hits u.s. tomorrow... its still gonna not help euro.. if u.s. is not spending...euro japan china austraila ect. is in the crapper.. it will not change untill u.s. starts spending.. california alone is ranked in the top ten of world economies... 7 th ahead of italy.........if we aint buying we dont have to convert dollars into euros...keeping our dollars cutting devicit...making dollar stronger..if we dont buy imports then japan #2 and china #3 buy less too..its all comparible...each day we start off equil and whatever happens that day makes one weaker then the other..bad news in u.s. hurts euro in time... cause we aint buying...and the domino affect is nobody else will to us starts...1http://upload.wikimedia.org/wikipedi...States.svg.png United States14,330,0002http://upload.wikimedia.org/wikipedi..._Japan.svg.png Japan4,844,0003http://upload.wikimedia.org/wikipedi..._China.svg.png China (PRC)4,222,0004http://upload.wikimedia.org/wikipedi...ermany.svg.png Germany3,818,0005http://upload.wikimedia.org/wikipedi...France.svg.png France2,987,0006
those who can, do. those who cant, talk about those who can
  • #68,153
  • Feb 23, 2009 3:44pm Feb 23, 2009 3:44pm
My 1Hour chart trading range until Asia opens - with target test at 1,2750-70 first
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdtest.jpg Size: 102 KB
Twitter: Forexlivetrade - Buy: AFFI.CPH ISIN: DK0015966592 - target 12 DKK
  • #68,154
  • Feb 23, 2009 3:45pm Feb 23, 2009 3:45pm
Quoting BullsAndBear
Is there a single resource to do fundamental research daily to help to determine markets, such as oil up or down, gold up or down, strength or weakness of the currencies and why. Do most of you guys favor one source over another so I am not checking all over the place for these things. Just curious and thank you!

BB
I use FINVIS.com
The news page has most of the news sources and blogs. Home page has everything you could imagine. And it auto updates.


Just got my posting privileges. Post #1
  • #68,155
  • Feb 23, 2009 3:45pm Feb 23, 2009 3:45pm
Quoting egkid
If we reached to Point B as u mention crash , does that mean selling USD, changing in www for reserved currency ? or will will keep Buying it?
no. it means selling stock... no dollars..... what do you receive when selling stocks ? dollars !!!! it would be good for the dollar.... BUT !! the problem is that there will be too many dollars on the street... inflation will come... and then.... then I prefer not to know now....
  • #68,156
  • Feb 23, 2009 3:49pm Feb 23, 2009 3:49pm
I get daily text messages from my broker with forecasts for the various currency pairs, and for the most part they seem to be fairly accurate. Because I don't yet understand all the 'ins and outs' of the charts, I can't see what they see. Anyway, I just got one from them that indicates a high (today) of 1.2992. Goodness know how they arrived at this because I never imagined that scenario!

Does any chart that you have support that?

Just wondering....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #68,157
  • Feb 23, 2009 3:51pm Feb 23, 2009 3:51pm
you mean, finviz.com

[quote=Tigertron;2559192]I use FINVIS.com
" Ad praesesn ova cras pullis sunt meliora "
  • #68,158
  • Feb 23, 2009 4:02pm Feb 23, 2009 4:02pm
Quoting gatorinla
got some off the wall entry for eu 2829s and L2506

in gu 4440 S and gy L131.51 tp155 sl be now was 129.6
heard some gu talk just thought this may help.. still in from last week.. pretty nice so far..
those who can, do. those who cant, talk about those who can
  • #68,159
  • Feb 23, 2009 4:07pm Feb 23, 2009 4:07pm
Quoting realjumper
Anyway, I just got one from them that indicates a high (today) of 1.2992. Goodness know how they arrived at this because I never imagined that scenario!

Does any chart that you have support that?

Just wondering....
their reasons..who knows. i do see 2 reasons of my own though for that as a potential target. 1)i think well remain range bound between 1.2500 and 1.3000 for the rest of the week to create a monthly doji candlestick which would set up a big drop in march 2)pa these days likes double tops and double bottoms, unless this particular case turns into an h&s on the hourly, we may see a double top at the value they mention.

the funy part is if we overshoot that level, they are still right, thats the thing with brokers or general opinions, they can be wrong and still be right

heres a chart of my current analysis using only resistance/support levels. note the range of last week was mainly 1.2625 to 1.2565. once we broke to the upside a resistance was formed in the area we are in now with a stronger one at 1.2760. In other words...i expect us to remain rangebound for now between 1.2695 and 1.2765. I have picked up a small long here..50pip stop loss 50pip take profit..i dont see any reason to push downwards at this time having broken so many support levels today already. not confident enough for a big position though haha..just testing the waters.

Attached Image (click to enlarge)
Click to Enlarge Name: current.gif Size: 34 KB
Different opinions highly valued, ignorant to slander.
  • #68,160
  • Feb 23, 2009 4:11pm Feb 23, 2009 4:11pm
Quoting psiholog
heres a chart of my current analysis using only resistance/support levels. note the range of last week was mainly 1.2625 to 1.2565. once we broke to the upside a resistance was formed in the area we are in now with a stronger one at 1.2760. In other words...i expect us to remain rangebound for now between 1.2695 and 1.2765. I have picked up a small long here..50pip stop loss 50pip take profit..i dont see any reason to push downwards at this time having broken so many support levels today already. not confident enough for a big position though haha..just...
Thank you for your chart and helpful opinion. As I said before, I don't yet understand the charts too well, but your chart, with your explanation makes perfect sense to me.

This is so interesting
Doing what you like is Freedom. Liking what you do is Happiness.
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