EUR/USD going to fall BIG

Hello everyone, I'm relatively new to forex and I've come to the conclusion that indicators and EA's are not worth the harddrive space they occupy. I think it's time to "cut the crap" and start reading the writing on the wall (aka Financial Times) and trying to interpret it for the truth.

I'm still a newbie and there's no reason you should listen to me and no doubt more experienced traders will heckle me and jeer me if I'm wrong but I think the Euro is in for a huge fall over the next few months.

I say this for 2 reasons:

1) I had a dream that its going to happen. (Yes, I dream about forex)
2) EURUSD has been stuck in a ranging market for the last few months and the price has to go somewhere sooner or later. Just looking at the chart I can almost see it. And I'm talking about a HUGE fall. (down to late 20's, early 30's at least, but possibly much lower)

OK there are some other reasons... US economy seems to be getting out of the resession faster than Europe. China aren't going to sell their US dollar reserves because other countries will just snap them up at bargain prices. On top of all that the US has a leader that people actually listen to. The EU doesn't have a leader until the Lisbon refferendum is voted in. Strong countries need a strong leader, but even a weak leader is better than no leader at all.

I will be taking this trade myself (no not in demo mode) and if my prediction turns out to be right I may add more lots in the upcoming weeks.

ok, this convinced me.

That's what sold it to me....

Laugh all you want but I have a habit of dreaming things that come true. This may freak you out but in 2001 I spent the summer in America and I kept having a recurring dream that I was at the top of a very tall building in Manhattan and a tornado flew at great speed towards me. And destroyed the building I assume, but I can't be sure cause I always woke up at that moment

Frinkfx, while your dreams might work...not everyone is superstitious ok?
happy trading

FrinkFX, I hope you're right.
I have some shorts because I had the same dream.
Ok the 2nd part was just a joke.
Be careful with your trading by the way.

Classic Irish blarney!

I knew I shouldn't have mentioned the dreaming...

Hmm so that's the secret of forex trading. Taking naps and dreaming. Who knew...
I may as well take a nap now

No problem, mate, since you are assuming you are trading based on a dream. Fair enough, IMO, if you feel comfortable with it.

But know you are not making some "visionary prediction"... maybe your dream is based on lots of information you gather during the day, and of course the charts you see.... When we dream we kind of elaborate what we worked out during the day, awake, that's scientifically proven.

Personally, I won't take a trade by a dream, but if my market analysis give me the direction, and by coincidence, I dreamed on it, no problem...

Good luck with your prediction. It may work in the short term but will never work in the long run. You need a system with clearly defined entries, exits. When the trade is on with live money, you'll see the reason for a plan, rather than a dream. Good luck my friend.

Hope your right!!!!,,,Then I can move back to Corfu!!

FrinkFX

I think you are right.

It has to come south, like the tourists that got scared away when Obama visited Mexico City and left leaving a hoax about that flue. Where else can they go on a cheap vacation anyway??

I also follow the reports of the BIG bank boys and your dream might be more real then you imagine.

Good pips to all.

In all seriousness, dreams aren't that out there for reasons to do things. Your brain is constantly problem solving and dreams are our waking minds way of interpretting the subconscious.
I think it more likely (having watched the boards for a while now) that some of the more experienced posters are reading your post through jaded glasses.
I think for any newbie, reading the James16 thread is a good start.

Cheers

This did the trick for me.

Sometimes I dream and I can feel a big spike...

In all seriousness, there is a logical explanation to the two reasons you give. The simple explanation is that you want that to happen. And whenever that happens, you start to see things that may not be there. For the chart, you interpret patterns that your brain wires you to think. Even newbies can see a turn around when they're in a losing position because that's what they want to happen. If you ask them, they will probably be able to give 100 reasons why the market may be turning in their favor. And for the dream, if you think about it enough, it will occur in your dream. Not surprising. I have dreamt of my stock positions doubling before but alas it was only a dream.

I'm just giving an explanation to your reasons and how they may work against you. Having said that, your prediction may turn out to be true and you could make loads of money. Good luck!

If you're so conviced, just short it, don't waste time here with these no sense traders that use history, trends and other non-esoteric methods to trade.

What an amazing coincidence. I also had a similar dream. Euro/USD falling below Parity. It resisted at 1.00 for few weeks and then finally stablized at .8000.

I am sure that it is going to happen.

But unfortuntely, I have no access to my account.

























My psychiartrist won't loose my chains.