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  • #101,081
  • May 26, 2009 7:24pm May 26, 2009 7:24pm
Hi there.

My first post in this thread and 2nd overall. One of my trader friend says, the US dollar is useless if not for the fact that USA has the most powerful army in the world. Without all those weapons and military presence, the greenback is nothing. Is there any truth in what he says?
Great Bodies are Engineered not Born
  • #101,082
  • May 26, 2009 7:28pm May 26, 2009 7:28pm
Quoting RichLadyFX
Hi there.

My first post in this thread and 2nd overall. One of my trader friend says, the US dollar is useless if not for the fact that USA has the most powerful army in the world. Without all those weapons and military presence, the greenback is nothing. Is there any truth in what he says?
NO
New voice message: Why are you calling me? If I need you, I'll call you!
  • #101,083
  • May 26, 2009 7:33pm May 26, 2009 7:33pm
Quoting KillerWhale
NO
Ok, now just imagine USA is very weak militarily, just like any other small countries without all those WMD. Do you think the dollar is worth what it is worth right now?
Great Bodies are Engineered not Born
  • #101,084
  • May 26, 2009 7:39pm May 26, 2009 7:39pm
Quoting RichLadyFX
Ok, now just imagine USA is very weak militarily, just like any other small countries without all those WMD. Do you think the dollar is worth what it is worth right now?
Do you think that this is a discussion that makes any sense?
I don't.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #101,085
  • May 26, 2009 7:40pm May 26, 2009 7:40pm
Nursing a small short position. Sure need a hobby to stay entertained during times like this.

Just what I am seeing.....
Attached Image (click to enlarge)
Click to Enlarge Name: analysis1.JPG Size: 159 KB
  • #101,086
  • May 26, 2009 7:40pm May 26, 2009 7:40pm
Is there a way I can scroll back my chart over the last week ,month or so on without it jumping back to current time every time price moves a pip?

which is not really a problem the last few hours
  • #101,087
  • May 26, 2009 7:41pm May 26, 2009 7:41pm
The 15 m chart,
As long as price stays below the trendline, short are okay.
If it breaks out north than ...............
Anyway, I have my stops @ 1.4025
Attached Image (click to enlarge)
Click to Enlarge Name: eu 05-26 15m.gif Size: 23 KB
New voice message: Why are you calling me? If I need you, I'll call you!
  • #101,088
  • May 26, 2009 7:42pm May 26, 2009 7:42pm
Quoting traderathome
Blah, blah, blah bullshilt! Wonder how the timing of remarks and PA works out! And bullshit to the suggestion that Central Banks and gigantic hedge funds trade on "suspicions". Just another convenient (paid for) excuse to do what they had already planned on doing!

That is just your suspicion.
  • #101,089
  • May 26, 2009 7:44pm May 26, 2009 7:44pm
Quoting RichLadyFX
Hi there.

My first post in this thread and 2nd overall. One of my trader friend says, the US dollar is useless if not for the fact that USA has the most powerful army in the world. Without all those weapons and military presence, the greenback is nothing. Is there any truth in what he says?
Who cares? We trade here. We are not TV News talking heads.
  • #101,090
  • May 26, 2009 7:44pm May 26, 2009 7:44pm
Quoting Micjon
Is there a way I can scroll back my chart over the last week ,month or so on without it jumping back to current time every time price moves a pip?

which is not really a problem the last few hours

Press PF8. uncheck autoscroll and chart shift..
Warning, lack of trading is dangerous to your survival......
  • #101,091
  • May 26, 2009 7:45pm May 26, 2009 7:45pm
Quoting RichLadyFX
Hi there.

My first post in this thread and 2nd overall. One of my trader friend says, the US dollar is useless if not for the fact that USA has the most powerful army in the world. Without all those weapons and military presence, the greenback is nothing. Is there any truth in what he says?
Hello

I just read something about that today. An excerpt of the article said:

"We`re in a period of global financial crisis but the U.S. is still technologically and militarily very powerful -- that`s the strength of the dollar" said the source familiar with discussions in the State Council.




Here is the full article if you would like to read it.

Attached File(s)
File Type: pdf Positive Dollar story.pdf   47 KB | 307 downloads


Nothing worth having is easy.
  • #101,092
  • May 26, 2009 7:46pm May 26, 2009 7:46pm
Quoting Maelstrom
Nursing a small short position. Sure need a hobby to stay entertained during times like this.

Just what I am seeing.....
I see a bull triangle forming anyone else
Attached File(s)
File Type: doc forex chart.doc   67 KB | 253 downloads
  • #101,093
  • May 26, 2009 7:48pm May 26, 2009 7:48pm
Quoting klinckphilip
I see a bull triangle forming anyone else
was just looking at the exact same thing but that hangman on the daily is still waving a big red flag to me at least

p.s. never mind it broke the lower TL
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #101,094
  • May 26, 2009 7:54pm May 26, 2009 7:54pm
Quoting djambazov84
was just looking at the exact same thing but that hangman on the daily is still waving a big red flag to me at least

p.s. never mind it broke the lower TL
could be a fake. I see the hangman as good for the longs.
  • #101,095
  • May 26, 2009 7:56pm May 26, 2009 7:56pm
Quoting klinckphilip
could be a fake. I see the hangman as good for the longs.
2 more 15 min candles if not above 98 I will lose my long
  • #101,096
  • May 26, 2009 7:57pm May 26, 2009 7:57pm
Quoting djambazov84
was just looking at the exact same thing but that hangman on the daily is still waving a big red flag to me at least

p.s. never mind it broke the lower TL
Not out of the clear for shorts until it breaks below 1.3960s
  • #101,097
  • May 26, 2009 7:58pm May 26, 2009 7:58pm
Quoting klinckphilip
2 more 15 min candles if not above 98 I will lose my long
could be a fake or could just be the new bottom of the bull flag. Or I could get stopped. Any way this goes I can deal with it.
  • #101,098
  • May 26, 2009 8:01pm May 26, 2009 8:01pm
Quoting traderathome
Not out of the clear for shorts until it breaks below 1.3960s
Agreed.
  • #101,099
  • May 26, 2009 8:01pm May 26, 2009 8:01pm
Quoting klinckphilip
I see a bull triangle forming anyone else
Not much of any kind of formation.....just the look of PA that is artificially being held up until something happens (like maybe the market movers have completed all the shorting they want to do).
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot # 249.gif Size: 47 KB
  • #101,100
  • May 26, 2009 8:03pm May 26, 2009 8:03pm
Quoting traderathome
IMHO, (and this is serious, folks), take all the news, releases, interview statements, and studies by so-called experts.....all with a grain of salt. Better yet, don't even bother to read, listen, or look! Just pay attention to the charts, because no matter what garbage, no matter what truth is out there, the market manipulators will do what they will do to make profits. PERIOD!


I agreed totally.............From now on, I will only believe in whatever the fools say, the bigger the fool, the more I will believe. Starting with this one.

Wonder what the fools chart looks like? hmmmmm
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