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  • #73,901
  • Mar 11, 2009 4:00am Mar 11, 2009 4:00am
Quoting lloydblankfe
If Europe has coroporate debt 95 percent of GDP. That is 12 trillion, plus another 6 trillion they owe America. If the fed was to call in all their money they have lent to Europe I asssume that would be another 20 trillion. Not to mention Europe may require a 20 trillion dollar bailout.

http://www.telegraph.co.uk/finance/f...ent-warns.html

Europe is finished like Jim Rogers has said all they need now is more EU propaganda.

The morons still think...
to be honest i dont know jim.. i have heard his name thrown around hear tho..china's economy is probably worse off then they said.. china always paints a rosy picture of bs.. they hedged their oil when it was low and now talk up the economy so we buy more from them..ok depression over everyone back to work and shop at wallmart..
those who can, do. those who cant, talk about those who can
  • #73,902
  • Mar 11, 2009 4:02am Mar 11, 2009 4:02am
I think it would be a long very soon............

it seems no volumn pushing down the price...
  • #73,903
  • Mar 11, 2009 4:02am Mar 11, 2009 4:02am
Quoting T.E.Lawrence
All right, all right. But do you have any thoughts on volume in forex or some other volume indicator grabbed from other market? I'm really intrigued.

P.S.

Yes I know, we can't calculate global volume in forex.
Some charting services provide access to interbank volumes from many of the major players - over 200 of them I recall someone saying. Esignal I think it was, if I remember correctly.
  • #73,904
  • Mar 11, 2009 4:02am Mar 11, 2009 4:02am
Quoting Pipster888
didnt break 1.2680 ,Down she comes tp 1.2600
And up she goes
  • #73,905
  • Mar 11, 2009 4:03am Mar 11, 2009 4:03am

If, as seems, EJ, and UJ go down, it's mathematical EURUSD can not climb. There are basic rules


The best thing that can happen to you is to find out where you're wrong.
  • #73,906
  • Mar 11, 2009 4:04am Mar 11, 2009 4:04am
Quoting psiholog
since ive been screaming bull all day (which i still am)...i will get the bear perspective into this now. ak4x made mention of this earlier..not sure if he followed it up. While this whole W talk of mine is going on..there is a potential h&s forming as the chart will show...a very dirty looking one at best. In any case...as mentioned before...1.2625 is the determining level for any further pa. To the upside...1.2680 followed by 1.2725 are significant values before we risk forming a double top. Anyones game really...I base my decisions off my gut...
Yeah, now you are talking! Updated chart from a post several hours ago.....(maybe on another thread...)
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  • #73,907
  • Mar 11, 2009 4:05am Mar 11, 2009 4:05am
The volume we have on metatrader is broker volume only. I guess it could work well if your broker has a lot of knowledgeable traders. I don't trust it though, not when the supposed number is a 90-95% failure rate.

I'd only want to know what the major players/market movers were doing.
  • #73,908
  • Mar 11, 2009 4:08am Mar 11, 2009 4:08am
Quoting NuckingFuts
The volume we have on metatrader is broker volume only. I guess it could work well if your broker has a lot of knowledgeable traders. I don't trust it though, not when the supposed number is a 90-95% failure rate.

I'd only want to know what the major players were doing.
Good luck, seeing as how THEY don't want you to KNOW what they are doing!
  • #73,909
  • Mar 11, 2009 4:10am Mar 11, 2009 4:10am
Hell, you got me scared. I closed my earlier long (+17 pips) and I'm now preparing my bear for some ride.

http://www.hollywoodanimals.com/IMAG...ARS/riding.jpg
  • #73,910
  • Mar 11, 2009 4:11am Mar 11, 2009 4:11am
Quoting lloydblankfe
Europe is finished from every perspective to me
The only reason the currency was formed was to make Europe look like an emerging market.

(...)
Not that i hate us or love europe but i looks like america is in great shape and recesion, highest unemployment since 80, printing bilions of $ is all showing strenght of US? I wont argue its too early for me, i`m half asleep but you should see two sides of medal.
  • #73,911
  • Mar 11, 2009 4:11am Mar 11, 2009 4:11am
Quoting traderathome
Good luck, seeing as how THEY don't want you to KNOW what they are doing!
It's easy to see what they're doing, price action tells all
  • #73,912
  • Mar 11, 2009 4:11am Mar 11, 2009 4:11am
BUT all major Euro currency pairs are dropping....

last 2 bars from E/U pair showing NO breaking, Storch RSI is 80++ almost reaching over bought...

yes it might be up but in another 1 hour, it should drop atleast 50~100 pip
  • #73,913
  • Mar 11, 2009 4:18am Mar 11, 2009 4:18am
Quoting dotweb.pl
Not that i hate us or love europe but i looks like america is in great shape and recesion, highest unemployment since 80, printing bilions of $ is all showing strenght of US? I wont argue its too early for me, i`m half asleep but you should see two sides of medal.
im not much on fundies but i will say this. The US entered recession long before it was visible in the Eurozone. Naturally...the US will get out of recession/depression (w/e it turns into) long before the Eurozone can fix theirs. It doesnt matter much how bad things are in the states are now...all that is important is who will get out first. With the Eurozone being a copy of the "united states" except with "united countries" that task will be much more difficult as even the simple concept of what language to talk is difficult..oh wait..its english...now what eurozone country has that as their base language
Different opinions highly valued, ignorant to slander.
  • #73,914
  • Mar 11, 2009 4:22am Mar 11, 2009 4:22am
Quoting NuckingFuts
It's easy to see what they're doing, price action tells all
2672/91 is 50/62% retrace of this last little drop..something should happen soon ... if not i set up camp for a sideways day..
those who can, do. those who cant, talk about those who can
  • #73,915
  • Mar 11, 2009 4:22am Mar 11, 2009 4:22am
Quoting NuckingFuts
It's easy to see what they're doing, price action tells all
PA by itself, can be very misleading. Certain "players" can move the price many pips on very little volume....making it seem the trend is off in that direction.....only for them to load up on the opposite side as others start going with this "trend". In other words, they can on little volume pump the price up, fooling some into starting to buy. But the price is only being pumped up to a higher level for these "players" to get a better price for shorting. No, I disagree with you that the price action tells all.
  • #73,916
  • Mar 11, 2009 4:22am Mar 11, 2009 4:22am
Quoting Charle
And up she goes
And down she blows
  • #73,917
  • Mar 11, 2009 4:26am Mar 11, 2009 4:26am
Quoting traderathome
PA by itself, can be very misleading. Certain "players" can move the price many pips on very little volume....making it seem the trend is off in that direction.....only for them to load up on the opposite side as others start going with this "trend". In other words, they can on little volume pump the price up, fooling some into starting to buy. But the price is only being pumped up to a higher level for these "players" to get a better price for shorting. No, I disagree with you that the price action tells all.
how does this sound. price action at key levels of S/R tells all?..haha
Different opinions highly valued, ignorant to slander.
  • #73,918
  • Mar 11, 2009 4:27am Mar 11, 2009 4:27am
Quoting traderathome
PA by itself, can be very misleading. Certain "players" can move the price many pips on very little volume....making it seem the trend is off in that direction.....only for them to load up on the opposite side as others start going with this "trend". In other words, they can on little volume pump the price up, fooling some into starting to buy. But the price is only being pumped up to a higher level for these "players" to get a better price for shorting. No, I disagree with you that the price action tells all.
It does, you just have to know how to read it.

Here's a great quote. Source unknown. I have emphasised the most important section.

Multiple Time Frame Analysis
In my years as a trading educator I have found that most losing traders have a critical glaring weakness in their approach to analyzing a market. The majority of their focus is placed on mathematical technical analysis tools such as moving average convergence divergence (MACD), the relative strength index (RSI) and/or stochastic studies (among many others). All of these types of tools are derivatives of price movement and are lagging indicators. To make matters worse, many of these traders attempt to use these tools in isolation and they completely lose focus on reality; indicators don’t move price, price movement moves indicators! Then the nail in the coffin occurs when the trader uses this approach on only one or two time frames (i.e. a 1- and 3-minute chart or a 5- and 15- minute chart).

The problem with this approach is the trader is not focused on why the price is moving in the first place. Price moves occur because there is an imbalance of supply/demand in the marketplace and this imbalance is created from the activity of professional traders. These professionals are very cagey when it comes to disguising their true intentions and hiding their positions from the uninformed retail trader. The average retail trader doesn’t understand how to read a chart in order to determine the underlying strength or weakness in the market. Even for a trained VSA expert, it is nearly impossible to accurately forecast the near-term direction of a market by analyzing a single time frame; there just isn’t enough corroborating evidence if we only look at one or two time frames. Think of each singular time frame as a musical note, when we combine multiple time frame’s together we go from the market blaring out one note noises, to the market singing us a melody and revealing the message that is so often hidden to the trader who can’t read a chart; that message is where the professional traders are positioned.
  • #73,919
  • Mar 11, 2009 4:27am Mar 11, 2009 4:27am
Quoting psiholog
im not much on fundies but i will say this. The US entered recession long before it was visible in the Eurozone. Naturally...the US will get out of recession/depression (w/e it turns into) long before the Eurozone can fix theirs. It doesnt matter much how bad things are in the states are now...all that is important is who will get out first. With the Eurozone being a copy of the "united states" except with "united countries" that task will be much more difficult as even the simple concept of what language to talk is difficult..oh wait..its english...now...
You are right saying first one in is first one out, but saying europe is finished is bullshit for me, europe need states and states need europe, its global market right now and every single country needs to export and import goods, europe (well poland to be precise) exports a lot of copper and states import a lot, states also import a lot of oil, as well as europe does, and so on. I`m sure you know what my point is. None of us can exist by himself, its not only base on economy but theye is a lot more to import/export than just goods.
  • #73,920
  • Mar 11, 2009 4:28am Mar 11, 2009 4:28am
Divergence comes thru once again. Price is now testing backside of DTL. If it holds we will see a short run up. Possibly 2736



Quoting donutman_111
Now we are seeing something a little different on the lowers. Bullish Divergence.

J
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