those who can, do. those who cant, talk about those who can
- #116,641
- Jun 30, 2009 8:41pm Jun 30, 2009 8:41pm
- Joined Oct 2008 | Status: sideline is a position | 105,127 Posts
- #116,642
- Jun 30, 2009 9:16pm Jun 30, 2009 9:16pm
- Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts
Well..triangle is still intact. We saw an attempt to break higher during the Euro session however it was short lived. All that did instead is "extend" the upper wall of the triangle. 1.4000 is close to the midpoint of the triangle and a breakout is still what Im looking for (while scalping within the range). Where this breakout will occur..who knows...when it will occur..there is a very good chance it will happen Thursday as thats when the ECB will hold its rate meeting (and more importantly the statement that follows..whether Trichet is hawkish...
Sidenote...trippy double bottom at 1.4000. Since manipulation has been a topic lately...this is just another example of how market makers DO NOT let pa go below that value yet...not even 1pip...it will be interesting what will happen when they do
Different opinions highly valued, ignorant to slander.
- #116,643
- Edited 9:39pm Jun 30, 2009 9:17pm | Edited 9:39pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #116,644
- Jun 30, 2009 9:49pm Jun 30, 2009 9:49pm
- Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts
Guys, while I'm not big on posting fundamental stuff, I think this piece of information is too important to overlook. If you really want to know the state of the American economy...this is a must read.
" Today, June 30, 2009… another financial reckoning day.
Midnight tonight marks the end of fiscal 2009 for 46 states in the U.S, and various state constitutions require 45 of ’em to have a final budget by tomorrow morning.
Thus, 10 states are facing a true blue crisis -- California, Connecticut, Pennsylvania, North Carolina, Delaware, Illinois, Ohio, Indiana, Mississippi and Arizona do not have budgets in hand on the eve of the new fiscal year.
Of those 10, California and Arizona are looking particularly dire. Arizona faces a $3 billion budget shortfall, or around 30% of its annual budget. California needs to fill a whopping $24 billion gap, roughly 26% of its annual tab. Gov. Schwarzenegger says without a budget, he’ll be forced to start writing IOUs tomorrow to the state’s creditors… scary stuff. Once one of the richest states, California now has the worst credit rating of them all."
the full link is here....http://www.agorafinancial.com/5min/
And oh yeah...I live in california
. If the Governator will start writing IOU's..what the hell am I supposed to do..haha.
" Today, June 30, 2009… another financial reckoning day.
Midnight tonight marks the end of fiscal 2009 for 46 states in the U.S, and various state constitutions require 45 of ’em to have a final budget by tomorrow morning.
Thus, 10 states are facing a true blue crisis -- California, Connecticut, Pennsylvania, North Carolina, Delaware, Illinois, Ohio, Indiana, Mississippi and Arizona do not have budgets in hand on the eve of the new fiscal year.
Of those 10, California and Arizona are looking particularly dire. Arizona faces a $3 billion budget shortfall, or around 30% of its annual budget. California needs to fill a whopping $24 billion gap, roughly 26% of its annual tab. Gov. Schwarzenegger says without a budget, he’ll be forced to start writing IOUs tomorrow to the state’s creditors… scary stuff. Once one of the richest states, California now has the worst credit rating of them all."
the full link is here....http://www.agorafinancial.com/5min/
And oh yeah...I live in california
. If the Governator will start writing IOU's..what the hell am I supposed to do..haha.
Different opinions highly valued, ignorant to slander.
- #116,645
- Jun 30, 2009 9:53pm Jun 30, 2009 9:53pm
- Joined Mar 2009 | Status: Trader | 6,418 Posts
And oh yeah...I live in california
- #116,647
- Jun 30, 2009 10:08pm Jun 30, 2009 10:08pm
- Joined Oct 2008 | Status: sideline is a position | 105,127 Posts
those who can, do. those who cant, talk about those who can
- #116,649
- Jun 30, 2009 10:10pm Jun 30, 2009 10:10pm
- | Commercial User | Joined Aug 2008 | 7,691 Posts
EUR-USD MONTHLY chart candle for June closed today. We are still in the triangle consolidation. The close was a red doji. Indicating indecision. Here the key is to see if we can stay in the triangle and coil some over the next few months or continue the upward climb.
Key resistance/support areas to watch on the MONTHLY chart would be 1.4338 and 1.3748.
A break above 1.4338 would indicate that the buyers are wanting to push the price upwards above the triangle's down trendline.
On the downside we have 1.3748. A break below this monthly low...
wow monthly TF.. you are pro
me looks daily and there is a support line upwards..
- #116,651
- Jun 30, 2009 11:10pm Jun 30, 2009 11:10pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #116,652
- Jun 30, 2009 11:14pm Jun 30, 2009 11:14pm
- Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts
wow monthly TF.. you are pro
me looks daily and there is a support line upwards..
The Thief of Wall Street
- #116,653
- Jun 30, 2009 11:27pm Jun 30, 2009 11:27pm
- Joined Oct 2008 | Status: sideline is a position | 105,127 Posts
those who can, do. those who cant, talk about those who can
- #116,654
- Jun 30, 2009 11:31pm Jun 30, 2009 11:31pm
- Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts
The Thief of Wall Street
- #116,655
- Jun 30, 2009 11:35pm Jun 30, 2009 11:35pm
- Joined Oct 2008 | Status: sideline is a position | 105,127 Posts
those who can, do. those who cant, talk about those who can
- #116,656
- Jun 30, 2009 11:44pm Jun 30, 2009 11:44pm
- Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts
Different opinions highly valued, ignorant to slander.
- #116,657
- Jun 30, 2009 11:44pm Jun 30, 2009 11:44pm
- Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts
The Thief of Wall Street
- #116,660
- Jun 30, 2009 11:49pm Jun 30, 2009 11:49pm
- Joined Oct 2008 | Status: sideline is a position | 105,127 Posts
those who can, do. those who cant, talk about those who can