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  • #126,201
  • Jul 28, 2009 10:25pm Jul 28, 2009 10:25pm
Quoting 2+2=4ex
I think we're going to keep ranging overall, buuut maaaaybe just maybe we might be slightly tilting down.
If you are talking about daily tf, yes....but i'm still going south...rooarrr...!!!.......bearr............!!!!!!!!!
  • #126,202
  • Jul 28, 2009 10:32pm Jul 28, 2009 10:32pm
The E/J is starting to slide and the Euro/USD being pulled south with it...

Go!!!
  • #126,203
  • Jul 28, 2009 10:34pm Jul 28, 2009 10:34pm
Hey All!

I've never formally introduced myself. I'm Greg a.k.a. Karma Pips from Seattle, WA! I've been trading real $ for about 1 1/2 years... I enjoy the posts!

Happy Trading!
  • #126,204
  • Jul 28, 2009 10:35pm Jul 28, 2009 10:35pm
How far do you think it could fall?
Disclaimer: Check your 1m charts
  • #126,205
  • Jul 28, 2009 10:35pm Jul 28, 2009 10:35pm
Quoting 2+2=4ex
wooooaaah duuuude, you just blew my mind holmes.
*L* ok down the road a piece. it takes more euros to buy a loaf of bread. so they start raising rates... because of inflation.... this kills industry...meanwhile in u.s. we buy more u.s. cars or korean... for 1/3 the price of a beamer.. less exports for e-z.. plus higher credit rate kills e-z domestic sales.. so they have to cut the price on vehicles to be able to sell them..less car sales ect. ez is in trouble.. at least tourism will pick up once u.s. jobs are stable in a few years (decade)
. oh and europe will have a for sale sign on it.. something has to give.. ez cant print money.. so what will they do? divorce? fight and divorce? stay tuned..
those who can, do. those who cant, talk about those who can
  • #126,206
  • Jul 28, 2009 10:44pm Jul 28, 2009 10:44pm
Quoting Karma Pips
Hey All!

I've never formally introduced myself. I'm Greg a.k.a. Karma Pips from Seattle, WA! I've been trading real $ for about 1 1/2 years... I enjoy the posts!

Happy Trading!
What sort of method do you use?

Are you longer term trader or day trader?

Trend follower?

btw, welcome to forex factory
  • #126,207
  • Edited 10:49pm Jul 28, 2009 10:44pm | Edited 10:49pm
Quoting orangeRANGE
You are taking it too serious...dude...I was joking....
No I wasn't serious ...... was just trying to tell you that I visited your beautiful country and met very nice people. It is in fact one of the countries where I could live happily everafter my retirement.
The Thief of Wall Street
  • #126,208
  • Jul 28, 2009 10:45pm Jul 28, 2009 10:45pm
Quoting pipper
How far do you think it could fall?
My crystal ball is broken, but I'd say that if the Nikkei sinks lower into the red and the E/J breaks 133.61, the Euro/Usd will follow...
  • #126,209
  • Jul 28, 2009 10:48pm Jul 28, 2009 10:48pm
Quoting Karma Pips
Hey All!

I've never formally introduced myself. I'm Greg a.k.a. Karma Pips from Seattle, WA! I've been trading real $ for about 1 1/2 years... I enjoy the posts!

Happy Trading!
Nice to know you Karma,

Any particular reason you preferred Karma over Dharma?
The Thief of Wall Street
  • #126,210
  • Jul 28, 2009 10:52pm Jul 28, 2009 10:52pm
Quoting altrader
What sort of method do you use? I use a combination of 10m, 60m, 240m and daily charts... pretty standard stuff, but also focus on news that moves the markets.

Are you longer term trader or day trader? Typically, a day trader.

Trend follower? Usually. But, f I get a bug up my ass and think the rest of the world is wrong, I'll jump in front of the train and try to stop it and turn it around...

btw, welcome to forex factory
Thanks. Good Luck All!
  • #126,211
  • Jul 28, 2009 10:55pm Jul 28, 2009 10:55pm
Quoting Chicky
Nice to know you Karma,

Any particular reason you preferred Karma over Dharma?
Nope. Thought Karma summed up trading... "the sum total of one's actions, good or bad."
  • #126,212
  • Jul 28, 2009 10:56pm Jul 28, 2009 10:56pm
Quoting Karma Pips
Thanks. Good Luck All!
Good stuff mate

Let the green pips roll
  • #126,213
  • Jul 28, 2009 10:57pm Jul 28, 2009 10:57pm
Hey guys-a little thought experiment-fun with circles, tell me what you think..
Attached Image (click to enlarge)
Click to Enlarge Name: eurocircles.png Size: 375 KB
  • #126,214
  • Jul 28, 2009 11:01pm Jul 28, 2009 11:01pm
Quoting stevefx
Hey guys-a little thought experiment-fun with circles, tell me what you think..
Really interesting. Do you know how that type of strategy works over the longer term? I mean, does that symmetry type stuff show up a lot and happen the way you think it will?

Looks interesting. I've never seen that type of geometry before applied to charts.
  • #126,215
  • Jul 28, 2009 11:01pm Jul 28, 2009 11:01pm
Quoting gatorinla
. oh and europe will have a for sale sign on it.. something has to give.. ez cant print money.. so what will they do? divorce? fight and divorce? stay tuned..
Like the suspense....let me add to it...

(cue dramtic background music)...tune in for next weeks episode of CSI: Euro Zone, where Claude can no longer buy bread with his euro salary. Boris goes on his second month without showering. And Veronica still hasn't shaved her legs or trimmed her underarms. All next week on CSI: Euro Zone...(fade to black)
  • #126,216
  • Jul 28, 2009 11:03pm Jul 28, 2009 11:03pm
Quoting altrader
Really interesting. Do you know how that type of strategy works over the longer term? I mean, does that symmetry type stuff show up a lot and happen the way you think it will?

Looks interesting. I've never seen that type of geometry before applied to charts.
I have no idea about strategies for it, I just like patterns and picked up on those, thought I'd post it and maybe spark some ideas for people...
  • #126,217
  • Jul 28, 2009 11:23pm Jul 28, 2009 11:23pm
Quoting stevefx
I have no idea about strategies for it, I just like patterns and picked up on those, thought I'd post it and maybe spark some ideas for people...
I see upside tonight
  • #126,218
  • Edited 11:42pm Jul 28, 2009 11:28pm | Edited 11:42pm
Quoting stevefx
I have no idea about strategies for it, I just like patterns and picked up on those, thought I'd post it and maybe spark some ideas for people...
Thinking about it, I guess the first thing you'd want to do, during the transitional period from an established circle to a theoretical circle, is observe the PA trajectory to see if it was headed to the top or bottom of the new object. The next thing is that as PA starts to curve around the new circle, gather enough data to establish the size, then you could project the image and derive trades.

Maybe look for a standard deviation around the established median, and buy or sell based on any violations from the average. Or even easier buy the bottoms of circles and sell the tops.
  • #126,219
  • Jul 28, 2009 11:38pm Jul 28, 2009 11:38pm
US Dollar to Benefit as Europe Hits China With Steel Tariffs


Written by Ilya Spivak, Currency Analyst


European Union international trade officials caved to pressure from steel producers including ArcelorMittal, the world’s largest steelmaker by volume, to impose punitive tariffs on Chinese imports of the metal into the regional bloc, which they alleged were unfairly underpriced. The key difference between this step and other similar measures in the past is its pre-emptive nature: before, European firms had to first prove that unfair practices of other countries were hurting their business before any action would be considered. The tariffs, which range from 17.7% to 39.2%, will take effect in October and last for five years.


Policymakers’ willingness to oblige the steel sector will open the door for other manufacturers to ask for similar treatment, opening the door for China to retaliate with protectionist measures of their own targeting EU products. This dynamic is sure to crush the booming trade between the south Asian giant and the European continent, which has surged since China joined the World Trade Organization in 2001 and has been growing at a rate of about 18% per year according to the European Commission.


The US Dollar stands to benefit from the EU’s protectionist posture. China ranks second behind the States among Europe’s top trading partners, a fact that may not continue to hold true going forward. This makes China even more dependent on US demand than previously and adding to existing incentives for the Chinese government to buy US Dollar-denominated assets (i.e. Treasury bonds), thereby boosting the greenback and securing a favorable environment for Chinese exporters. Further, the timing of the EU’s announcement could not be worse for the Euro, coming just as China is holding bilateral talks with the United States on a range of issues including trade relations and opening the door for US officials to easily strike a contrast between the States and Europe.
  • #126,220
  • Jul 29, 2009 12:11am Jul 29, 2009 12:11am
Here's an updated version. I've tried to infer the size of potential circles using data already established, and from there you can infer a limited number of likely pathways for PA to take...

Notice that the first one is completely unlikely, and the next 4 all take PA to significantly lower levels than we are at now...
Attached Image (click to enlarge)
Click to Enlarge Name: eurocircles2.png Size: 440 KB
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