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  • #78,701
  • Mar 23, 2009 2:47am Mar 23, 2009 2:47am
Its time for this sucker to go close the gap.
I'm losing my patience and I have to go to sleep. Its 12:43 AM here.
S/L @ 1.3755, T/P 1.3580
We'll see what I have in a couple of hours
New voice message: Why are you calling me? If I need you, I'll call you!
  • #78,702
  • Mar 23, 2009 2:51am Mar 23, 2009 2:51am
Quoting Jurrasic
as mere freedom of information and education might not be anough to stop the potential clash of the free world with the Muslim civilization
correction , the potential clash is with Russia
I SEE YOU !!
  • #78,703
  • Mar 23, 2009 2:51am Mar 23, 2009 2:51am
How can you forecast gap which direction will go up or down.
  • #78,704
  • Mar 23, 2009 2:53am Mar 23, 2009 2:53am
hey everyone

i am actually new to this forum and thought i would contribute in my spare time and maybe spare some of the new traders the pain i went through just starting out.

i work as a portfolio manager for about 500 million in assets so i get a good idea of market sentiment and i do plenty of business with foreign bonds... i get a good idea of how people are reacting w/o using CNBC

this month should be full of trading opportunities and wish everyone the best of luck
  • #78,705
  • Mar 23, 2009 2:56am Mar 23, 2009 2:56am
Yen, Dollar Tumble on Optimism Obama Plan to Buoy Yield Demand

http://www.bloomberg.com/apps/news?p...d=aL.1ahbTRdIU


  • #78,706
  • Mar 23, 2009 2:58am Mar 23, 2009 2:58am
Well I´m short now - S/L @ 1.3750, T/P 1.36.00. We´ll see what happen. For me it´s time to go down...cheers
Get rich or die tryin!
  • #78,707
  • Mar 23, 2009 2:59am Mar 23, 2009 2:59am
hey mikkom and jurrasic!! good to see you guys a'rd here...
FUBAR...
  • #78,708
  • Mar 23, 2009 3:07am Mar 23, 2009 3:07am
Quoting ak4x
hey mikkom and jurrasic!! good to see you guys a'rd here...
Glad to be back (unless that lloydsomething starts his lunatic rants again).

by the way, how do I get rid of the line below my posts, I edited my signature by accident, removed it and now I just don't seem to be able to get rid of that annoying line..
  • #78,709
  • Mar 23, 2009 3:09am Mar 23, 2009 3:09am
Quoting Lady broker
How can you forecast gap which direction will go up or down.
You mean on the weekend ? Well, first you can't.. Second, for several months already the previous strong tendancy of this gap to be closed during the following day has more or less dissappeared, unfortunately.
Quoting dbfusion
correction , the potential clash is with Russia
Not meaning to disrespect the recent conflict of your two countries, but really Russia seems to me (as a former Russian btw) to just be experiencing some difficulties in accepting the fact that it's no longer a super-power and that it has to start cooperating with the west rather than some crazy rogue countries. I believe it's own economic situation will keep forcing it in the positive direction and keep punishing it when it fails to open up or make wrong choices. To simplify, I have no fear though of Russia, or any democratic country for that matter or China, using nuclear weapons or other wmds directly or indirectly. While regarding some other countries I'm not at all sure.
On the path to Enrichment.
  • #78,710
  • Mar 23, 2009 3:19am Mar 23, 2009 3:19am
weekly ema50 and fibo38.2% make a strong resistance at 1.3735 - 1.3755
area if price can break this 1.3930-40 or even 1.41xx will be possible
  • #78,711
  • Mar 23, 2009 3:23am Mar 23, 2009 3:23am
Quoting peyman
weekly ema50 and fibo38.2% make a strong resistance at 1.3735 - 1.3755
area if price can break this 1.3930-40 or even 1.41xx will be possible

looks like eurusd has formed Bullish Pennant on 1hr.. lets see if it follows through
  • #78,712
  • Mar 23, 2009 3:26am Mar 23, 2009 3:26am
Quoting Jurrasic
Very interesting article. From my poor economics background I suppose that if a single new world reserve currency with no attachment to any particular country were to replace the dollar and the be converted for the dollar then no longer any US debt will exist, great for the US. Though I suppose they'll need to burn a lot of extra dollars or do something with it all to avoid massive inflation..

But I disagree that this should have much of an affect this week or even anytime soon. Really, nobody cares what the UN thinks and it's institutions can't...
That article sounds a lot like the talk in those conspiracy videos regarding the new world order their supposed desire for a single world central bank.

I don't think this will occur some how. Also the US is probably going to want to push the Amero first.
  • #78,713
  • Mar 23, 2009 3:27am Mar 23, 2009 3:27am
wow mikkom and jurrasic...glad to see you both with your vast knowledge of fundies compared to mine! mikkom your link scared me into "the collapse of the dollar leads to no demand for it leads to its dissapearance leads to collapse of forex???". But then Jurrasic gave a profound explanation of his perceptions which instilled some confidence back in the dollar will survive! I also had to recall the Amero link mikkom which was most interesting but proved to be a farce. Keep it up though...your posts challenge me big time.

Btw...even though these "gaps" that get mentioned are not really gaps according to some senior traders...in all the time I have observed them...they have been filled 90% of the time...the only question is when and how.

Having said that...ill throw in some technicals for now.
Triple top seems to be holding intact for now and there is still a possibility to get a h&s out of this. It all really depends on the reaction to geithner. For a h&s to materialize we need to go straight to 1.3415 or so...consolidate back up to 1.3540 or so and then continue down. Lots of resistance on the way down though. As for my position...a risk worth taking with target unknown...depends on how pa develops with the idea of a rangebound market until geithner talks strong in my mind (1.3735-1.3540)

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Different opinions highly valued, ignorant to slander.
  • #78,714
  • Mar 23, 2009 3:27am Mar 23, 2009 3:27am
Quoting Jurrasic
Not meaning to disrespect the recent conflict of your two countries, but really Russia seems to me (as a former Russian btw) to just be experiencing some difficulties in accepting the fact that it's no longer a super-power and that it has to start cooperating with the west rather than some crazy rogue countries. I believe it's own economic situation will keep forcing it in the positive direction and keep punishing it when it fails to open up or make wrong choices. To simplify, I have no fear though of Russia, or any democratic country for that matter...

I don't mean any offense , its just very difficult for the west to understand whats really going on in the Kremlin.
the story is quite different , its not they have trouble accepting they are not super power . nor their financial problem will drive them in the correct direction . that was never the case, even during the USSR as they kept on till collapse. just don't under estimate their intentions

any how its not the correct place here to discuss it , lets continue our search for the pips
I SEE YOU !!
  • #78,715
  • Mar 23, 2009 3:30am Mar 23, 2009 3:30am
Quoting Jurrasic
You mean on the weekend ?
Yes! Now understood but thank you for information!
  • #78,716
  • Mar 23, 2009 3:31am Mar 23, 2009 3:31am
Quoting psiholog
wow mikkom and jurrasic...glad to see you both with your vast knowledge of fundies compared to mine! mikkom your link scared me into "the collapse of the dollar leads to no demand for it leads to its dissapearance leads to collapse of forex???". But then Jurrasic gave a profound explanation of his perceptions which instilled some confidence back in the dollar will survive! I also had to recall the Amero link mikkom which was most interesting but proved to be a farce. Keep it up though...your posts challenge me big time.
I don't believe in amero at all but this is dead serious.

If (and this is a big if) central banks will indeed move their reservers to basket instead of a dollar, it will simply mean that the basket currencies will face a huge demand and dollar will face a huge supply. The real question is as jurrassic said will the central banks even listen to this but at times like these you can never be sure what is going to happen.

Note that china and russia were in same kinds of talks last week, this is not just UN talking.
http://www.reuters.com/article/usDol...93633020090319
  • #78,717
  • Mar 23, 2009 3:32am Mar 23, 2009 3:32am
may be this variant
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  • #78,718
  • Mar 23, 2009 3:37am Mar 23, 2009 3:37am
Quoting mikkom
If (and this is a big if) central banks will indeed move their reservers to basket instead of a dollar, it will simply mean that the basket currencies will face a huge demand and dollar will face a huge supply. The real question is as jurrassic said will the central banks even listen to this but at times like these you can never be sure what is going to happen.
lets assume this is exactly what will happen (even if it wont). if it did happen..how would this impact forex trading in your opinion? As trading revolves around the "majors" with almost all currency pairs that are worth trading involving the dollar (with a few exceptions like the geppy and eur/jpy)...i just dont see how forex would survive. How do you see it?
Different opinions highly valued, ignorant to slander.
  • #78,719
  • Mar 23, 2009 3:38am Mar 23, 2009 3:38am
Every bank appears to be dollar short but there is no one to sell them
Morgan Stanley, Citigroup, JP Morgan, Goldman Sachs said it should reach 1.40

Tokyo-Mitsubishi UFJ are also short

The two biggest players appear to be relatively neutral, Deutsche Bank and UBS.

However HSBC and Barclays are also short.

If so many are short it appears that the Euro should reach a high soon. I don't think the bids coming in are high.
  • #78,720
  • Mar 23, 2009 3:42am Mar 23, 2009 3:42am
Quoting psiholog
wow mikkom and jurrasic...glad to see you both with your vast knowledge of fundies compared to mine!
Hi man You're a real flatterer My only knowledge of fundies is just watching the general "mood" of the fundies - red or green. But even then these are just observations, cause I trade exclusively on 1m for quite a while now.
Quoting dbfusion
I don't mean any offense , its just very difficult for the west to understand whats really going on in the Kremlin.
the story is quite different , its not they have trouble accepting they are not super power . nor their financial problem will drive them in the correct direction . that was never the case, even during the USSR as they kept on till collapse. just don't under estimate their intentions

any how its not the correct place here to discuss it , lets continue our search for the pips
I just think the good old "they might use the nuke" threat became very weak nowdays compared to the past in regards to Russia at least, and other than that and oil to some degree there're hardly any real leverages they got left.

Anyway you're right, sorry about the rant Couldn't sleep today and were bored waiting for London. Great trading to all
On the path to Enrichment.
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