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EURUSD

  • #78,641
  • Mar 22, 2009 7:17pm Mar 22, 2009 7:17pm
Quoting Chicky
We are talking about gaps ........... not canyons
Chicky- Understood and it would be relevant to how long you are in for the ride up or down.. no? if you are in a longer term outlook, a 50 pip gap is nothing.
  • #78,642
  • Mar 22, 2009 7:21pm Mar 22, 2009 7:21pm
I see a double top....if i am not wrong...
The trend is your friend and you is your enemy - MJ
  • #78,643
  • Mar 22, 2009 7:23pm Mar 22, 2009 7:23pm
Quoting Moneys Lover
I see a double top....if i am not wrong...
I would concur Money L... Drop the hammer!
  • #78,644
  • Mar 22, 2009 7:24pm Mar 22, 2009 7:24pm
Quoting nms4716
1 Gap to be considered (in my humble opinion) would be the psycho level of 1.600
If your chart shows a gap @ 1.60 then question your data source.
  • #78,645
  • Edited 7:33pm Mar 22, 2009 7:30pm | Edited 7:33pm
Quoting nms4716
1 Gap to be considered (in my humble opinion) would be the psycho level of 1.600
if this is a joke i just don't get it , sorry friend

and about the 50 pip gaps , nothing is irrelevant, everything that happens has a reason and tries to tell you something, if you get the message or not that is another question, but this is only my opinion of course
  • #78,646
  • Edited 7:37pm Mar 22, 2009 7:32pm | Edited 7:37pm
Quoting nms4716
Chicky- Understood and it would be relevant to how long you are in for the ride up or down.. no? if you are in a longer term outlook, a 50 pip gap is nothing.
Nms, That comment was with a lighter tone.

Seriously, Yes. Even these kind of gaps get filled before we know. Look at 1.4700 spike for example.

Food for thought for medium / long term taders: If dollar is going to lose value, what we will gain? we can buy 1 euro for 1.365 usd today, after all this effort we will still be able to buy 1 euro when it will be 1.6000. So why to think in long-term scenario and hold long-term position?. If we want real gain, our account should grow more than usd devalues. That is where leverage plays its role.
The Thief of Wall Street
  • #78,647
  • Mar 22, 2009 7:32pm Mar 22, 2009 7:32pm
Quoting KillerWhale
TRADERS BEWARE

In 2 months from now I need money for a down payment on a 4 bedroom house. So I plan to take a lot of money out of the market in the next few weeks.

Shamu
well or you could either give them to me
ROBOT FOREX
  • #78,648
  • Mar 22, 2009 8:36pm Mar 22, 2009 8:36pm
What's About the market will correct the price level to 1.33 .. any one agree with me ?

Weekly chart appear (W)
  • #78,649
  • Mar 22, 2009 8:45pm Mar 22, 2009 8:45pm
Quoting J e M y
What's About the market will correct the price level to 1.33 .. any one agree with me ?

Weekly chart appear (W)
No.

http://i44.tinypic.com/30waw0k.gif


Stoch is at the overbought level. But only just and hasn't crossed.

Macd shows an oversold divergence.

And Bernanke is still running the presses printing money in such a fashion that it would put Mugabe to shame.
Not all sins are created equal
  • #78,650
  • Mar 22, 2009 8:59pm Mar 22, 2009 8:59pm
Quoting KillerWhale
TRADERS BEWARE

In 2 months from now I need money for a down payment on a 4 bedroom house. So I plan to take a lot of money out of the market in the next few weeks.

Shamu

cool lol

i have a 15k debit and i hope to use 1 mini lot to ride from

1.25 to 1.45 and 1.45 to 1.25 make it a few times ..
  • #78,651
  • Mar 22, 2009 8:59pm Mar 22, 2009 8:59pm
I see bearish divergence on the 5 second chart
New voice message: Why are you calling me? If I need you, I'll call you!
  • #78,652
  • Mar 22, 2009 9:16pm Mar 22, 2009 9:16pm
Quoting KillerWhale
I see bearish divergence on the 5 second chart
Me too! We'll be rich!
Not all sins are created equal
  • #78,653
  • Mar 22, 2009 9:17pm Mar 22, 2009 9:17pm
Quoting Jay Walker
Me too! We'll be rich!
I knew it would happen sooner or later
New voice message: Why are you calling me? If I need you, I'll call you!
  • #78,654
  • Mar 22, 2009 9:36pm Mar 22, 2009 9:36pm
i think it will be bearish.....
The trend is your friend and you is your enemy - MJ
  • #78,655
  • Mar 22, 2009 10:00pm Mar 22, 2009 10:00pm
The US dollar is going to collapse to a level we have never seen before. US economy is practically a Ponzi scheme.

US has been borrowing money from the rest of the world to pay for their own consumptions. It has been operating in a huge account deficit for almost a decade and now all the debts are due. The US can't pay the debts so the only way to pay the debts to the creditors now is to print more money or sell more bonds to repay these debts. Foreign countries will not be interested anymore as their economic conditions was dragged down by the bad loans given to the US. Interest rates is at all time low and money supply will be increasing dramatically....US is going to face a Hyper-inflation (not high inflation) and the rest of the world will no longer be interested in buying US bonds and will start dumping US dollars.

Mark this post....watch the dollar for the rest of the year...it will make new lows we have never seen before.

Just my own perspective.
Collecting pips
  • #78,656
  • Mar 22, 2009 10:05pm Mar 22, 2009 10:05pm
Quoting Suj_cess
The US dollar is going to collapse to a level we have never seen before. US economy is practically a Ponzi scheme.

US has been borrowing money from the rest of the world to pay for their own consumptions. It has been operating in a huge account deficit for almost a decade and now all the debts are due. The US can't pay the debts so the only way to pay the debts to the creditors now is to print more money or sell more bonds to repay these debts. Foreign countries will not be interested anymore as their economic conditions was dragged down by the...
I don't know were you are from but obviously you don't know very much about the US and how it works here and about the role of the US in the rest of the world.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #78,657
  • Mar 22, 2009 10:09pm Mar 22, 2009 10:09pm
Quoting Suj_cess
The US dollar is going to collapse to a level we have never seen before. US economy is practically a Ponzi scheme.

US has been borrowing money from the rest of the world to pay for their own consumptions. It has been operating in a huge account deficit for almost a decade and now all the debts are due. The US can't pay the debts so the only way to pay the debts to the creditors now is to print more money or sell more bonds to repay these debts. Foreign countries will not be interested anymore as their economic conditions was dragged down by the...
I entirely agree with that.

Quoting Suj_cess
The US can't pay the debts so the only way to pay the debts to the creditors now is to print more money or sell more bonds to repay these debts.
Well, Treasury bonds aren't even sold anymore. The Federal Reserve this week announced that they would inject money into the system by purchasing these bonds. They used to be something other countries would be interested in buying...but not anymore. So not only is money printed to pay back debts but it's printed to pay themselves as well.

It's a concept that has never ever worked. Hasn't worked for Weimar Germany, not for Zimbabwe and it will not work for the U.S.A.

T-minus 5 minutes before a contrarian tries to blow a hole in that theory.
Not all sins are created equal
  • #78,658
  • Mar 22, 2009 10:13pm Mar 22, 2009 10:13pm
Quoting KillerWhale
I don't know were you are from but obviously you don't know very much about the US and how it works here and about the role of the US in the rest of the world.
Im not making an argument. Im telling what i see in the obvious state. The root of this recession is from overly spending economy. I don't make my statements up....the US is in a Deficit since 2001 that is why the dollar has been dropping since then till now. The recent half year rally that we see i assume is just a head fake and we will still be continuing the devaluation of the US dollar to a whole new level.

Im just an ordinary guy trying to seek for the bigger picture.
Collecting pips
  • #78,659
  • Mar 22, 2009 10:16pm Mar 22, 2009 10:16pm
Quoting Suj_cess
Mark this post....watch the dollar for the rest of the year...it will make new lows we have never seen before.

Just my own perspective.
Why? Are you are saying anything thousands of others haven't already said.
  • #78,660
  • Mar 22, 2009 10:26pm Mar 22, 2009 10:26pm
It's still to soon to say, but admirably there's the chance that demand for dollar increases, thus not allowing it to devaluate that much... on the other hand there will be an inflation problem.. leading to... err wait a minute, haven't we seen this before?

Using the same line of thinking to solve the problem that the same line of thinking created imho isn't that smart.
Traders are smartasses
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