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EURUSD

  • #122,861
  • Jul 17, 2009 1:20pm Jul 17, 2009 1:20pm
Quoting TheFisherman
Gator, you know I'm with you on the oil price. I want to see it below $45 for a fair price. But I know for a fact that it can't go much lower than that. Have worked for 3 years in the oilfield right there on ground zero doing wireline logging so I consider myself of having a quite comprehensive view on the oil issue. Indeed it's true that closing down a well is costly, but I bet it's less costly than to pay money just to sell oil. And you have to remember that in most of the countries the governments have a stake of the reservoir production and...
i think your wrong.. to many reasons to mention.. ive been in a oil economy all my life.. if oil drops for an extended period of time so does everything else. i could mention wars if a country would shut the valves/ overthrow by their people (russia. mid east) when gov. calasp it would not be pretty... its a sticky situation and valves in u.s. are already shut..im sitting on some myself..1/3 of the u.s oil passes under my feet.. a barrel of oil in 2001 was what 13$ ... and 8 yrs later 62$? in 1972 3$... i assume your on the west coast..much of that oil goes to asia..
in 2001 we would of been dancing in the streets for 50$ oil.. 50$ is profitable.. the problem is we inflated the dollar compared to oil for too long..now its worth just 20% comparibly to where we were in 2001..with some the largest stockpiles in finished product ever. alaska pays its residents each year for state oil sold.. try cutting that check out.. try taking 80k a year from the saudis citizens..
those who can, do. those who cant, talk about those who can
  • #122,862
  • Jul 17, 2009 1:22pm Jul 17, 2009 1:22pm
.. have a good one

fishing trip .. bb sun
those who can, do. those who cant, talk about those who can
  • #122,863
  • Jul 17, 2009 1:27pm Jul 17, 2009 1:27pm
Quoting gatorinla
i think your wrong.. to many reasons to mention.. ive been in a oil economy all my life.. if oil drops for an extended period of time so does everything else. i could mention wars if a country would shut the valves/ overthrow by their people (russia. mid east) when gov. calasp it would not be pretty... its a sticky situation and valves in u.s. are already shut..im sitting on some myself..1/3 of the u.s oil passes under my feet.. a barrel of oil in 2001 was what 13$ ... and 8 yrs later 62$? in 1972 3$... i assume your on the west coast..much of that...
...err... wrong on the fair price or that can't go lower than that... really don't get it from our posts.
  • #122,864
  • Jul 17, 2009 1:29pm Jul 17, 2009 1:29pm
I started developing a code for MT4 b/c I always wanted a tick chart. This is a 20 ticks chart. What do you think of it?
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  • #122,865
  • Jul 17, 2009 1:39pm Jul 17, 2009 1:39pm
Quoting TheFisherman
I started developing a code for MT4 b/c I always wanted a tick chart. This is a 20 ticks chart. What do you think of it?
I think I see a H&S on there! Umhh!
rat
  • #122,866
  • Jul 17, 2009 1:40pm Jul 17, 2009 1:40pm
Quoting rattyo
I think I see a H&S on there! Umhh!
Was a plain ol' range. Just broken on the upside now.
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  • #122,867
  • Jul 17, 2009 1:43pm Jul 17, 2009 1:43pm
Looking for a strong EURUSD finish towards .42 (.4174 first).
ES and NQ are surging into the last hour or so.

New to EUR but not to ES/NQ, those I know like an old friend
----- Dragonfly out in the sun you know what I mean, don't you know
  • #122,868
  • Jul 17, 2009 1:49pm Jul 17, 2009 1:49pm
closing near 1.4150 i guess
  • #122,869
  • Jul 17, 2009 1:52pm Jul 17, 2009 1:52pm
Quoting sophiaphia
Looking for a strong EURUSD finish towards .42 (.4174 first).
ES and NQ are surging into the last hour or so.

New to EUR but not to ES/NQ, those I know like an old friend
NO
euro is making its final little breathe up before big sell on Sunday night or good spike down
ROBOT FOREX
  • #122,870
  • Jul 17, 2009 2:01pm Jul 17, 2009 2:01pm
I short entry : 4143 S/L 4143
  • #122,871
  • Jul 17, 2009 2:19pm Jul 17, 2009 2:19pm
H&S, yep just like I predicted 100 years ago. Get paid on Monday. Woohoo.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #122,872
  • Jul 17, 2009 2:23pm Jul 17, 2009 2:23pm
Quoting The Fool
H&S, yep just like I predicted 100 years ago. Get paid on Monday. Woohoo.
this could be a very long shoulder...the last 2 candles of the day need to confirm it
  • #122,873
  • Jul 17, 2009 2:30pm Jul 17, 2009 2:30pm
'Rubbish rally' is over...focus on growth
  • #122,874
  • Jul 17, 2009 2:31pm Jul 17, 2009 2:31pm
Apparently no one wanted to take their longs into the weekend.

I wouldn't either.

Back to .4100.

Oh well.

m
  • #122,875
  • Jul 17, 2009 2:31pm Jul 17, 2009 2:31pm
Looks like I missed a nice entry.
  • #122,876
  • Jul 17, 2009 2:34pm Jul 17, 2009 2:34pm
Quoting leckefex
this could be a very long shoulder...the last 2 candles of the day need to confirm it
Yeah. You let the mainstreet brickbat & pitchfork crowd chew on the record G&S earnings news (all with bailout money)...oh good, employee bonus compensation intact, avg. $350k per employee. Oh boy. And I'm in a line for some government cheese? Where is my f*ckin pitchfork? Right, you let em stew on that for a few days & Wall Street will cough up a sacrificai lamb or two next week. That ought to be good for a 100 pips down or so. Goddammit who put that cheese on my pitchfork?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #122,877
  • Jul 17, 2009 2:34pm Jul 17, 2009 2:34pm
Quoting Atlast
Looks like I missed a nice entry.
missed? thought ur entry was somethere in the 4130s
  • #122,878
  • Jul 17, 2009 2:38pm Jul 17, 2009 2:38pm
Quoting leckefex
missed? thought ur entry was somethere in the 4130s
I had set it to 1.4147, but had moved it to 1.4156 as I left for a while because the upmove was taking a little longer than I saw). Oh well, can't win em all. I am going to leave this till next session as it's too late in the session to take an entry, even though 1.4100 looks like a nice scalp long.
BTW, hope everyone saw the weakness in the upmove from the hourly chart developing. if anyone in any doubt let me know and I will post a chart.
  • #122,879
  • Jul 17, 2009 2:39pm Jul 17, 2009 2:39pm
Quoting TheFisherman
Indeed it's true that closing down a well is costly, but I bet it's less costly than to pay money just to sell oil...
And closing them down in the arctic isn't really an option at all for any number of reasons; and the oil can't stay in the lines w/o moving or it'll just turn to a very cold goo with no way to get it "ungoo'ed"... so there's all kinds of injection technology to keep the volume up and sort it out at the other end, costly as well.

Best you can do is cut production down to minimum levels and then cut back on exploration and development of new fields which is risky as it takes so long to get anything into production in the first place, and that can back fire on you.

Quoting gatorinla
alaska pays its residents each year for state oil sold.. try cutting that check out.. try taking 80k a year from the saudis citizens..

Not exactly... It's a formula based on earnings of the Ak Perm Fund which has increased even as oil production has drastically decreased. Oil proceeds contributed a huge share of the initial fund deposits, but has decreased ever since while the "payout" each year has generally increased.

The whole thing is more psychological than anything else especially in the early years when it was only a few hundred bucks a head. It never made Big News until the earnings from the Permanent Fund began to grow based largely on the market surge and other investments. Big or little, we always managed to put it to good use tho, trip to the dentist or whatever.

If you don't like living there in the first place day after week after month of bugs in the summer and froze in the winter, then bribing someone with a week or three's worth of pay won't keep them there especially if they're living closer to the lower income end of things ((like many are)) and are new Imports from elsewhere with family and friends waiting for them to come back.

It'd be like offering a $20 incentive to someone to get a root canal that didn't really need one otherwise. You'd only take that offer if you needed a root canal anyway. We lived in Alaska a long time before anyone thought to "pay us to live there" as some dingbat outside politicians looking for a soundbite like to put it... bless their hearts...
FUBAR...
  • #122,880
  • Jul 17, 2009 2:46pm Jul 17, 2009 2:46pm
Here is last surge for U.S. markets now.

Can this run from .411? To .417 Typical or not because of Friday?
----- Dragonfly out in the sun you know what I mean, don't you know
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