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EUR/USD going to fall BIG

  • #21
  • Jul 18, 2009 11:26pm Jul 18, 2009 11:26pm
Try Lucid Dreaming, and see where that takes you
  • #22
  • Jul 18, 2009 11:31pm Jul 18, 2009 11:31pm
Quoting FrinkFX
I knew I shouldn't have mentioned the dreaming...

Lol. The point is that the Weekly/Daily chart is about as bullish as can be.

That said, Fx is not efficient (no market really is). It could well be that there are some goblins that have yet to reveal themselves from the EU banks' closets. Nobody really knows.
  • #23
  • Jul 19, 2009 12:50am Jul 19, 2009 12:50am
sounds good to me.... ALL IN !


Quoting FrinkFX
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...
  • #24
  • Jul 19, 2009 2:34am Jul 19, 2009 2:34am
Quoting FrinkFX
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...

i dont believe ur dreams..... but i do believe eu going to drop
  • #25
  • Jul 19, 2009 2:50am Jul 19, 2009 2:50am
Quoting pqt
Sometimes I dream and I can feel a big spike...

From one fellow pervert to another.... I think I should remind you.... you're being obscene

I gotta spike too !!! Wanna hear about it ?
  • #26
  • Jul 19, 2009 3:01am Jul 19, 2009 3:01am
Quoting FrinkFX
On top of all that the US has a leader that people actually listen to.
That is going to cause the value of the dollar to drop like a rock, not rise. We might get a correction and a higher dollar over the next month or two, but if Obama gets his way with all this spending the dollar is going to devalue faster than you wake up from your prophetic dreams...
  • #27
  • Jul 19, 2009 3:04am Jul 19, 2009 3:04am
Quoting FrinkFX

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..........
I dunno about the dream. Sorry, it really doesn't matter. But, the second part is absolutely spot on.

Up or down, it will go somewhere sooner or later.

It got real quiet last summer and bounced around the 150's for a number of months
and then BAM ! We saw a five year move in three months, on the order of over 3000+ pips between July and October.

So these type of things can and do happen.

Don't let the dreaming part cloud your judgement. A fairly decent move IS likely.
Market coils up for days, weeks, even months at a time until one day the stops go off and the market moves.
Once upon a time, we traded 120. We haven't seen it for sometime now.
Only a year ago, 150 was taken for granted. Has not been back since.

When it moves, it realy moves.

So a move is worth a solid bet, just be flexible on direction so you can go along for the joyride,
which ever way it decides to break. It's all good.
  • #28
  • Jul 19, 2009 3:12am Jul 19, 2009 3:12am
The fundamentals are against your dream, that's for sure.

We might see some Dollar love again which could lead to low 1.3x max(!) but those levels will be bargains. Personally I would buy everything below 1.38 and would almost go all in at 1.37 (of course with a stop then).

BTW: I had a dream a few weeks ago where I entered a long in the USD/JPY around 90 and it dropped to 10!
  • #29
  • Jul 19, 2009 3:21am Jul 19, 2009 3:21am
Not saying the dream thing is all bullsh*t.

I too sometimes dream about forex, but only the majors:

I remember it was something like this......
Attached Image (click to enlarge)
Click to Enlarge Name: MAJORS.PNG Size: 765 KB
  • #30
  • Jul 19, 2009 9:24am Jul 19, 2009 9:24am
Quoting toshi
Not saying the dream thing is all bullsh*t.

I too sometimes dream about forex, but only the majors:

I remember it was something like this......
toshi... I guess your Yen is not made in Japan at all?... but..who cares...it's a dream, right?

Cheers!
Many share my views with me. But I don't share them with them...
  • #31
  • Jul 19, 2009 12:22pm Jul 19, 2009 12:22pm
Quoting FrinkFX
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
Let's say that you did dream what you. Let's assume that you are telling the truth, did it get any closer to what you needed to do?

I am not trying to make fun of you, but actually trying to point out something very important. If you have a dream and it is a dream that works and you know that it works the problem I think is that it is not precise enough.

In your original posting you said "Just looking at the chart I can almost see it. " Well here is the problem. You can almost see it.

Now let's get back to the dream. Did you see the rest of the world falling? Or did you see the currency explicitly falling? Because if you saw the rest of the world falling it might not imply a fall of the USD currency. I am guessing you are assuming that the other currencies will fall. But let's say that the currency is falling do you know what time point? For example let's say that the Euro goes to 2.00 to the USD going short Euro right now means you have a long time to wait and plenty of patience.

Let me illustrate something very very simple that you can actually reference.

About 3 years ago I saw a movie about Nostradamus. This film was produced in 1994, and in it there was a snapshot of people in New York covered in soot and ashes. The scene was about something that would happen in New York and it would rain soot. When I saw that scene I freaked out because it was exactly like the scene of the people running away from the tower in 2001.

I thought the movie was a farce made after the fact. But the reality is that the movie was made in 1994.

http://www.imdb.com/title/tt0110689/

Thus it comes back to my original argument, just because you saw the rest of the world "collapse" does not necessarily indicate that the EUR_USD will collapse. In fact quite the opposite could occur.
  • #32
  • Jul 19, 2009 12:29pm Jul 19, 2009 12:29pm
Quoting Marrethiel
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
Interesting there must be a logical answer, yes? No visionary at all?

Seriously, let me tell you about something that happened to my uncle. He had what people labelled a nervous breakdown since Jesus talked to him and told him to buy a tractor and plow a field. My family cracked up laughing and I just said, "what if Jesus really did talk to somebody, would anybody believe it?"

My point is that the world has become so cynical that unless it has three dimensions to it nobody will believe you. I am not saying this chap had a dream or not. And I am not saying that you should believe in dreams. In fact I am not religious at ALL! Think it is a pile of crock actually.

BUT I am also not so quick to dismiss something that I cannot understand nor want to understand. If you went back a couple of thousand years with a flashlight people would have thought you as a god of and giver of light.

Thus maybe he dreamed it maybe he didn't... Who knows... Though if he did he better rationalize his dream and make logical sense of it because otherwise he is throwing money out the window.
  • #33
  • Jul 19, 2009 2:40pm Jul 19, 2009 2:40pm
Quoting cgross
Let's say that you did dream what you. Let's assume that you are telling the truth, did it get any closer to what you needed to do?

I am not trying to make fun of you, but actually trying to point out something very important. If you have a dream and it is a dream that works and you know that it works the problem I think is that it is not precise enough.

In your original posting you said "Just looking at the chart I can almost see it. " Well here is the problem. You can almost see it.

Now let's get back to the dream. Did you see the rest of...

I saw the Euro falling to about 0.29 versus the dollar. (no, not 1.29). It was a VERY steep and fast drop. I originally had the dream about a month ago, I had the same dream last night. I have a bad feeling because I live in the EU. I think it's time to get my passport renewed.
  • #34
  • Jul 19, 2009 3:12pm Jul 19, 2009 3:12pm
Quoting FrinkFX
I saw the Euro falling to about 0.29 versus the dollar. (no, not 1.29). It was a VERY steep and fast drop. I originally had the dream about a month ago, I had the same dream last night. I have a bad feeling because I live in the EU. I think it's time to get my passport renewed.
I'm not joking, I had a dream the other night where I took a long position in EU and price shot up several hundred pips in my direction in a matter of minutes, I took profit, and then went short and it dropped for a few hundred pips in a few more minutes, and then I took profit.

I woke up all happy, and then realized darn it was just a dream. I swear I'm not joking or trying to make fun, I just remembered it when I read this last post.

Last night I was in that state of not being awake but not really being asleep, and I kept seeing charts and volume and trying to work out what it meant. Perhaps I have been spending too much time studying
  • #35
  • Jul 19, 2009 3:20pm Jul 19, 2009 3:20pm
Quoting FrinkFX
I saw the Euro falling to about 0.29 versus the dollar. (no, not 1.29). It was a VERY steep and fast drop. I originally had the dream about a month ago, I had the same dream last night. I have a bad feeling because I live in the EU. I think it's time to get my passport renewed.
I'd go Long AUDCHF - that looks like a sh*tload of correlation between those two in the picture

------------
Attached Image
  • #36
  • Jul 20, 2009 12:13am Jul 20, 2009 12:13am
Quoting HouseTrader
toshi... I guess your Yen is not made in Japan at all?... but..who cares...it's a dream, right?

Cheers!
Boom Boom long time......Fifteen dollah each...
  • #37
  • Jul 20, 2009 1:33am Jul 20, 2009 1:33am
Fuck there are some assholes on this forum... Wake up to yourselves kids. If you don't agree with something, no need to act like a 2 yr old.

Dreams could be telling you something, or could be telling you nothing.

I have reason to believe there is a fall (not as far as stated in the original posters dream) but something along the same lines in most of the currencies sometime also. I don't think we will rally back to last yrs highs, and the way the currencies are manipulated will change when the volume re-enters the market.

The current move up is a pullback from an already enormous drop, its 100% predicted and its what we call a panic spike. Its created by people who clearly don't trade.. They just throw money at the market to move it. I'd say their losses have been so enormous at the moment that they had to make some of it back to keep their jobs/accounts.

This is just another form of bubble, and a weaker form. There is no fundamental reason right now, for the currencies other than the USD to be performing as well as they are. EUROPE should be in tatters, london bankrupt and the only country truely recovering from being bashed with a rotten fish is the US because of the collective effort of the people, not the funds being injected.

Its already be established that the USD is going to remain the worlds reserve currency, housing market in the US is stable, US banks are reporting credit conditions easing. None of this is happening in europe and the UK.

The next step is for the US to raise interest rates, then you will watch the majors drop like stones. Especially the AUD. There is no reason for it to be over 73c. Other than the interest rate difference, as its one of the only currencies offering a return on investment. Once this is narrower, say good bye to any version of carry trade. US Bonds will be bought up to the shiznit and life will be great.

Seriously though, so many people need to grow the fuck up on these forums.

95% of traders lose? Its because the majority are kids trying to get rich quick and not treating it as a business.

Good luck with your trade dude, and I hope your dream comes true.
  • #38
  • Jul 20, 2009 1:51am Jul 20, 2009 1:51am
Quoting toshi
Not saying the dream thing is all bullsh*t.

I too sometimes dream about forex, but only the majors:

I remember it was something like this......
I would go long on any of those. That's the kind of dreams I like.
  • #39
  • Jul 20, 2009 2:09am Jul 20, 2009 2:09am
Quoting Takisd
There is no fundamental reason right now, for the currencies other than the USD to be performing as well as they are. EUROPE should be in tatters, london bankrupt and the only country truely recovering from being bashed with a rotten fish is the US because of the collective effort of the people, not the funds being injected.

Its already be established that the USD is going to remain the worlds reserve currency, housing market in the US is stable, US banks are reporting credit conditions easing. None of this is happening in europe and the UK....
Jesus! Are you long Dollar?

There is no single reason for the Dollar to gain anymore. It's almost IMPOSSIBLE to pay all the debts back they made. All this "everything is alright because there are enough buyers for US treasuries sh1t"... I can't hear it anymore. The treasuries are the next bubble to pop, just pray the Dollar will lose it's value slowly.
  • #40
  • Jul 20, 2009 2:21am Jul 20, 2009 2:21am
Quoting Takisd
95% of traders lose? Its because the majority are kids trying to get rich quick and not treating it as a business.

Good luck with your trade dude, and I hope your dream comes true.
You may be right but many of us aren't 'kids' and we watch the charts and that's where we make our money.

When I dream I dream of living in France and I don't expect to get there by being 'lucky' with my trades.

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