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  • #140,981
  • Sep 10, 2009 3:06am Sep 10, 2009 3:06am
Quoting Atlast
I see I will have your money as well today.
ONly time will tell, but don't be in a hurry to play low probability trades.
1.4541 is your support.
Please take I am not at all worried , 41 is in my view bottom of M30tf channel & very probable play to get the D to turn Up but may be unlikely as M5,M15 middle channel line correspond 53/54 area & all trend lines are up except daily,may be error or not compatable with this tf. .

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #140,982
  • Sep 10, 2009 3:06am Sep 10, 2009 3:06am
Quoting IMARICH1
Thanks Atlast. I did take 2/3 of my trade off at 4535 at a pivot since it did not go thru. I was just saying i got stopped out at BE on the retest back up. I was trying to see if you still look at 4600 or 4530 as i tough area of R as I do.

Any pitchfork analysis for today or are you still using the one from yesterday? My charts dont do 3 min. Any MT4 broker that does?
I'm still watching the one from yesterday, with price now bouncing off the lower TL. Also new fork from last hourly swing.
  • #140,983
  • Sep 10, 2009 3:09am Sep 10, 2009 3:09am
Quoting fontu
Please take I am not at all worried , 41 is in my view bottom of M30tf channel & very probable play to get the D to turn Up but may be unlikely as M5,M15 middle channel line correspond 53/54 area & all trend lines are up except daily,may be error or not compatable with this tf. .

fontu
I can't argue with that.
  • #140,984
  • Sep 10, 2009 3:10am Sep 10, 2009 3:10am
Bearish news for the USD on Wednesday as Chicago Fed President Charles
Evans said that it is too early to raise interest rates meaning
interest rates will remain near zero. Also, Dallas Fed President
Richard Fisher re-expressed his forecast that the US economy is in for
a “prolonged period of sluggish economic performance.” Speeches today
will be made by Atlanta Fed President Dennis Lockhart and Fed Vice
Chairman Donald Kohn. Lockhart is going to speak about US and global
interactions and Kohn will speak about the unconventional US monetary
policy response to the financial crisis and within their speeches I
would expect them to echo the comments made yesterday by Evans and
Fisher, confirming views that the Fed plans to keep rates near zero.
Further depressing the dollar, with rates so low in the US, and risk
appetite increasing, investors can borrow in USD and invest in other
countries with higher interest rates. A foreign exchange analyst at RBS stated yesterday: "The market is working against the dollar, which is the favored funding currency when equities are rising and you want to buy risky assets. We anticipate potential further weakness of the US dollar, and the euro is going higher."
  • #140,985
  • Sep 10, 2009 3:12am Sep 10, 2009 3:12am
Now price at 1.4577 & need break 85 successfully for the bull & should impulse wave or test bottom 1.4553 very likely before bounce up or anything ,not know news side what going on..
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #140,986
  • Sep 10, 2009 3:14am Sep 10, 2009 3:14am
Quoting gatorinla
china banks loaned easy money.. people bought houses and stock with borrowed it like u.s 1929.. it pumped up the chinese stock market and housing.. now chinese are defaulting on homes/loans and stock market cant sustain without fresh meat. he says bubble.. if hes/i is right commodities fall.. usd strengthtens.. and the house of cards fall..closer to the floor this time.. it will be worse then the last..so im going to disney world.
Thanks Gator.

I was puzzled because was thinking on these lines that China wanted their dollars back. The plan to me appeared that they give loans to locals to invest in the markets. Once market gets a boost, sell the golden egg laying chickens to the world by putting their stocks on sale and get the dollars back. Because of lower purchasing power created by this recesson those hens are not expected to lay bigger golden eggs anyway. After this news, if no one would be interested in buying their stocks, less demand for dollars. Even if I believe them, why did they gave loans to the people to invest in the market? They very well knew that people would invest this in housing sector of a country of over one billion population where housing is a good investment. Normally, third world countries invest in their markets through semi-government investment banks and mutual funds and sell their stocks/units to public allowing them only indirect ownership and control of corporate sector. There is something wrong, and I smell blood.
The Thief of Wall Street
  • #140,987
  • Sep 10, 2009 3:18am Sep 10, 2009 3:18am
Quoting gatorinla
china banks loaned easy money.. people bought houses and stock with it like, u.s 1929(roaring 20ties).. it pumped up the chinese stock market and housing.. now chinese are defaulting on homes/loans and stock market cant sustain without fresh meat. he says bubble.. if hes/i is right commodities fall.. usd strengthtens.. and the house of cards fall..closer to the floor this time.. it will be worse then the last..so im going to disney world.
Difference here though is that the Chinese regulators sees it coming, and unlike the US, Britian, and rest of Europe, is actually proactively doing something about it, tightening credit, etc, they spelled it out more than a couple months back I think. While the US and sheep kept it under the carpet (don't believe for a minute they didn't see it coming), China has the balls to step in before it happens. May not prevent it entirely, but would limit the damage effectively.
  • #140,988
  • Sep 10, 2009 3:22am Sep 10, 2009 3:22am
Quoting Atlast
Difference here though is that the Chinese regulators sees it coming, and unlike the US, Britian, and rest of Europe, is actually proactively doing something about it, tightening credit, etc, they spelled it out more than a couple months back I think. While the US and sheep kept it under the carpet (don't believe for a minute they didn't see it coming), China has the balls to step in before it happens. May not prevent it entirely, but would limit the damage effectively.
not really they are gonna lossen credit again.. they are doing it now.. causing a bigger bubble..

he is the first Ive heard admit there is a bubble..china guards everything and you have to take it with a grain of salt. if all is so great Baltic shipping would not be down.. there would not be thousands of ships off the coast of taiwan siting idle
those who can, do. those who cant, talk about those who can
  • #140,989
  • Sep 10, 2009 3:30am Sep 10, 2009 3:30am
this drop will spark some eur buying
  • #140,990
  • Sep 10, 2009 3:32am Sep 10, 2009 3:32am
...did not touched my upper line this time, this means that bull power is fading or maybe not?

My last blog post I mentioned a drop, and this is what we got!!


Gl all for Today

bye
  • #140,991
  • Sep 10, 2009 3:33am Sep 10, 2009 3:33am
Quoting ashlee_17
this drop will spark some eur buying
it sure will at 4490 69/75 4450...
those who can, do. those who cant, talk about those who can
  • #140,992
  • Sep 10, 2009 3:33am Sep 10, 2009 3:33am
euro under a bit of pressure here should be interesting test 1.45300..
  • #140,993
  • Sep 10, 2009 3:34am Sep 10, 2009 3:34am
Quoting gatorinla
not really they are gonna lossen credit again.. they are doing it now.. causing a bigger bubble..

he is the first Ive heard admit the bubble..china guards everything and you have to take it with a grain of salt. if all is so great Baltic shipping would not be down.. there would not be thousands of ships off the coast of taiwan siting there idle
you know. That's the way of china, has been for centuries, guarded secrets. Though this is an age of open policy. That's the revolution that China has embraced and it's working. New times, new ways, though Sun Tzu still prevails
  • #140,994
  • Sep 10, 2009 3:37am Sep 10, 2009 3:37am
Quoting ashlee_17
this drop will spark some eur buying
May be , I suddenly sees it down 50 & take another long , Mr .Weber Speaks some wrong ?

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #140,995
  • Sep 10, 2009 3:37am Sep 10, 2009 3:37am
Quoting Atlast
you know. That's the way of china, has been for centuries, guarded secrets. Though this is an age of open policy. That's the revolution that China has embraced and it's working. New times, new ways, though Sun Tzu still prevails
i sold most of my property at the peak.. i saw it comming..
those who can, do. those who cant, talk about those who can
  • #140,996
  • Sep 10, 2009 3:39am Sep 10, 2009 3:39am
The butterfly has flapped it's wings.
1.4541 touched. Fontu?
  • #140,997
  • Sep 10, 2009 3:40am Sep 10, 2009 3:40am
Quoting gatorinla
i sold most of my property at the peak.. i saw it comming..
Me too, but 3 years before the peak, then built another in greener land.
  • #140,998
  • Sep 10, 2009 3:43am Sep 10, 2009 3:43am
Quoting Atlast
The butterfly has flapped it's wings.
1.4541 touched. Fontu?
its a bearish gartley
  • #140,999
  • Sep 10, 2009 3:43am Sep 10, 2009 3:43am
Quoting Atlast
The butterfly has flapped it's wings.
1.4541 touched. Fontu?
You are right & I took more longs at 42 again & now waiting to loose today. Not using patterns indicator as making trouble to my computer , can you please post the butterfly .Anyway it is a bull set up any pattern.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #141,000
  • Sep 10, 2009 3:46am Sep 10, 2009 3:46am
gartley
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