EURUSD

Yes I do, but I'm far from thinking U.S. economy is down completely. It's just passing through a very hard time that's all. EZ is also passing trough a hard time. Maybe I expressed myself wrong. It's not that one is great and other sucks, but that overall, EZ is over US atm. And this should drive E/U rate higher.

Don't forget we have our eastern regions that could only but improve. EZ is still "in the making". But hell, what do I know... I just live here.

yea, It's lookin' ugly. might form a new one at 4170/80.

EU 1h pivot @ 4290 see if it gives a bull there.

You should try it, and let your fear go. Maybe you could start with a large lady, pretty much alike.

we are joined at the hip...one thing i looked into.. was the aging population in europe.. as time goes on there are less youngsters pulling the load..as time goes on a 1.6 eu can only hurt europe..im not talking about 1.6 for a day or week... but for months... or longer..the job market would come to a halt as exports would...less jobs and you still have to feed an aging poplulation would not be a pretty sight.. every action has a reaction... e-z does not want 1.5 or 1.6 eu... peel back the layers and give it more then a brief thought..the truth is it may be too late for europe and japan... korea has moved in and makes according to JD powers high quality cars..at a much cheaper cost. korean imports are up while the others are down.. higher eu less tourism... and so on... dead man walking comes to mind.. i think the average time on death row in u.s. is 24 yrs...

Here's a compilation of oil producing countries (source: Wikipedia) and the currency they maybe most connected to given geographic and historical reasons (that I know of, ie. Iraq is marked USD even if it's closer to EZ and hence most of technology imports should come from EZ hence prices connected to EUR - due to Iraq war and US domination of the market).

This compilation gives place to much improvement and I'd be delighted if we'd collaborate on it - given the fact the public should find it usefull.

These last two days look like a consolidation pattern. I am expecting higher levels this week. Can't predict a certain number but I'll know it when I see it. SO far, best long entry would have been 17th between 4135 and 4040 (I'd have entered at 4135 and then another lot at 4070. Would have been still holding the position.

[EDIT] last three days.

Slow movements down but sustain , possibly forming a round top in h4 . Now got support & may have some bulls if part of small bull set up remains & not failed already but thinking it down again.
fontu

like it or not. this all depends on a u.s. consumer. without a job its a house of cards. and the ones with a job are saving money. last week they made a big thing about housing sales up.. but what they left out was housing for sale inventories went up even more.

hey me too

in six months we could cut oil going to gasoline or diesel in half... then what happens to 75pb i mean 15pb oil? when we stop paying for defence of sand..

on demand hydrogenerator?

Solar hydrogen, algae-based biodiesel, all possible just need to generate the political will.

jap.

As expected. #134356 We may see low level prices one more day before any bounce. Any bounce should not cut previous highs of 1.433 for this to go down even more.

your dedication to this thread makes me amaze...man u are too cool keep it up...i wish i was hard working like u loll....seems i am the laziest trader in whole forex community lol i just work hard to click buy and sell button....haha

I agree that 1.6 is way to high, I also mentioned that in previous posts. 1.25 -1.35 would be a good range.
I only wanted to say that it's so easy to say that EZ zone = US zone, as if you look at these two in depth they are completely different. Europe is also more Asia minded than US, you can see that in projects like Galileo (satellite navigation). Indeed Korean cars will do the same like Japanese cars did years ago. KIA gives 7 years warranty on their cars, not bad, I don't see any European brand doing this.

Hi guys, long time follower of this board, first time posting. I see a lot of ideas on where this is going, and just wanted to get my feet wet.

I scalp off the one minute chart, but look at all timeframes. I'm especially interested in orders and where they are and where the market is going and why. Over the past year, it's my feeling that the banks, hedge funds, big money houses are all turning to forex after fleecing everyone in the stock market. No more money there, but lots of money here.

I think that's why we're seeing some of the moves we are. Notice how all the big moves are getting a really nice retrace? LIke nice enough to bail a (hedge fund? bank?) out of a losing position? Let's not forget they trade short term to.

So given my thoughts, here is a chart (first chart posting, so if it's a big azz chart, i'll try to fix it or delete it).

Ok, my theory, if you look at the blue rectangle, that's a really nice bear flag, nothing special, but all of that movement was in the London session, that last red candle looks like they are getting ready to drop. US session opens, no major movement.

Now look at the long green candle (the first one with the arrow). That coincides with the open of the stock market. 150 pips on no news (nothing on the economic calendar). I BELIEVE they were taking out the stops of the London boys and negating their bear flag.

Then we have consolidation... starts out a bull flag, looks like a bear flag, but at the top of the channel, ready to come back down. And what happens next. See the next two long green candles, right about 150 pips, funny enough, conincides with the London open. They were taking out the stops of the US boys, negating their channel.

Given all that, where do we go from here? 4400 is no mans land, nobody wants to get caught up there unless there is a reason. Consumer sentiment numbers out tomorrow. Looks to me like we can only go down. Just my two cents (and about what it's worth since I scaled in short with an average price of 1.4232).