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  • #124,581
  • Jul 23, 2009 8:16am Jul 23, 2009 8:16am
eu can break down thru 4199 but even if it goes thru it does not mean short trend is beginning. imho i mean long trend drawn by daily chart would still continue. i will look for good long entry using buy stop after situation becomes more clear.
be patient, do not hurry in trade
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  • #124,582
  • Jul 23, 2009 8:18am Jul 23, 2009 8:18am
Quoting tradertom
..and today?
Today it begins. Tomorrow or monday latest (if not today).
  • #124,583
  • Jul 23, 2009 8:19am Jul 23, 2009 8:19am
Quoting Xaron
Today it begins. Tomorrow or monday latest (if not today).
spätestens
  • #124,584
  • Jul 23, 2009 8:20am Jul 23, 2009 8:20am
Quoting Xaron
You know, I'm an Euro bull usually. But this will go down to 1.40 at least within the next days. Might even go down to 1.38/39. Same is valid for Aussie. Dollar and Yen will gain strong.
Why do you think like that?.. Any explaination???
  • #124,585
  • Jul 23, 2009 8:24am Jul 23, 2009 8:24am
Quoting Beacon
Possible double top on hourly chart forming. Entered another short at 1.4210.
Closing off the first short for 40 pips at 1.4191. Left 1 short.
  • #124,586
  • Jul 23, 2009 8:25am Jul 23, 2009 8:25am
Trade what you see. Good luck all!
  • #124,587
  • Jul 23, 2009 8:26am Jul 23, 2009 8:26am
Gator ,
the bearish happened because Belgium getting worst in economical things?
  • #124,588
  • Jul 23, 2009 8:27am Jul 23, 2009 8:27am
Quoting gatorinla
whys that? you do realise people with out jobs buy less? do you realise u.s. is europes top buyer of their exports?
Gator, I still have 1 question in my mind...

If unemployment rise, dollar value rises because u.s. spend more money on europes... But isn't this means it's good for europes, and not for u.s.? Or... I'm wrong all this time... xD
  • #124,589
  • Edited 8:46am Jul 23, 2009 8:29am | Edited 8:46am
Quoting fxswing
More unemployment = more free money needed in the system with no expectation to see rates going up any time soon, that should hit the dollar value...

The only problem is that market will only do what it's pleased
thats one way to look at it.. another valid way is money that is not manipulated like china and like we have done the last few years.. in stronger economies money strengthens over a weaker ones.. granted both u.s. and e-z suck...but since we buy less beamers without a job.. u.s. has to come out before e-z can... this would be normal... but after this meltdown the beamer market will not recover.. not when korea is producing equal quality (via jd powers) cars at 1/3 the price.. japan is in trouble also..higher yen has crippled them (-40%)... add in the new "buy american sediment" balding yuppies driving mini-vans. and americans saving 8% +... eu may be losing correlation with equities.. we will know after earnings.. next week should make all clear. i hope..
those who can, do. those who cant, talk about those who can
  • #124,590
  • Jul 23, 2009 8:34am Jul 23, 2009 8:34am
Quoting Hell7
They went outside my fork to touch R1. Once, that can be forgiven. But if we'll stay out here I will have to start listening to Mr. Market to tell me where he wants to go next.

PS: seems we are back in the channel and going for the medianline
Medianline touched, another great day!
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  • #124,591
  • Jul 23, 2009 8:35am Jul 23, 2009 8:35am
well the koalas are short
  • #124,592
  • Jul 23, 2009 8:36am Jul 23, 2009 8:36am
look at gold, last 2 hours, nice drop and large volume

BTW, my first post so hi everyone
  • #124,593
  • Jul 23, 2009 8:38am Jul 23, 2009 8:38am
Quoting TradeForexFx
Hi gator,

Can we consider 4199 to be out of the way?

I understand that you have been short since quite sometime.. what is your tp?

TF
donno.. i may close it... doing better scalping....i think 2765 if im recalling correctly was my target..
those who can, do. those who cant, talk about those who can
  • #124,594
  • Jul 23, 2009 8:40am Jul 23, 2009 8:40am
Quoting TradeForexFx
Hi gator,

Can we consider 4199 to be out of the way?

I understand that you have been short since quite sometime.. what is your tp?

TF
nope.. still got more earnings comming out..clock is ticking .. bulls have to make a move soon..
those who can, do. those who cant, talk about those who can
  • #124,595
  • Jul 23, 2009 8:42am Jul 23, 2009 8:42am
Quoting lukaszg14
look at gold, last 2 hours, nice drop and large volume

BTW, my first post so hi everyone
welcome to the jungle XD
  • #124,596
  • Jul 23, 2009 8:43am Jul 23, 2009 8:43am
Quoting predictable
Gator ,
the bearish happened because Belgium getting worst in economical things?
i donno...
those who can, do. those who cant, talk about those who can
  • #124,597
  • Jul 23, 2009 8:48am Jul 23, 2009 8:48am
Quoting lukaszg14
look at gold, last 2 hours, nice drop and large volume

BTW, my first post so hi everyone
Welcome. See my posts on the gold-forum.
http://www.forexfactory.com/showpost...&postcount=478
  • #124,598
  • Jul 23, 2009 8:52am Jul 23, 2009 8:52am
Quoting gatorinla
that one way to look at it.. another valid way is money that is not manipulated like china and like we have done the last few years.. in stronger economys money strenghtens over a weaker ones.. granted both u.s. and e-z suck...but since we buy less beamers without a job.. u.s. has to come out before e-z can... this would be normal... but after this meltdown the beamer market will not recover.. not when korea is producing equal quality (via jd powers) cars at 1/3 the price.. japan is in trouble also..higher yen has crippled them (-40%)... add in...
I agree, but I think you're under estimating US unresolved problems, that will pull the $ down. Problems that are less pronounced in EU.

Just 2-3 that pop in my mind:
- Credit card problems and default in US.
- Continuing housing weakness, with delinquencies continuing to go up.
- Unemployment not helping the previous 2 points, making it worse.
- Fed trapped, with almost no control.
- deficits
- Health care costs.
- unfunded pension liabilities.
- Continuing cost of the wars.
-...


EU is not that deep into problems when compared to US, but situation is not rosy.

As, I see it the only way for the US is to spend the problems away, hitting the dollar value.
No wonder why Chinese want a new reserve currency, the trend is just too obvious and bound to accelerate...

But I'm not objective, being an EU citizen, I'm biased, I recognize it.

Now all that is just junk when trading 10-50 pips on intraday time frame

Bring on the pips
Getting it right is NOT as important as not getting it wrong.
  • #124,599
  • Jul 23, 2009 8:53am Jul 23, 2009 8:53am
Quoting gatorinla
i donno...
confused
time will answer , next 30 hours for existing home sales.
  • #124,600
  • Jul 23, 2009 8:59am Jul 23, 2009 8:59am
Now i will go 1,4260 we see
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