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  • #143,941
  • Sep 17, 2009 2:17pm Sep 17, 2009 2:17pm
I was just watching that last move on 5m and it was trying really hard to push ahead from OB state. Hence, I think it may be reloading for a stronger push now. YMMV ofc.
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  • #143,942
  • Sep 17, 2009 2:26pm Sep 17, 2009 2:26pm
You do have to wonder what those NY traders are thinking attacking R1 after it had been tested and survived all day.

I can just see a junior bank trader in London with his hand on the sell button.

He comes R1... sell... again...sell... again... sell.

Either way... eventually... 1.5.

Mike
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  • #143,943
  • Sep 17, 2009 2:30pm Sep 17, 2009 2:30pm
Quoting VinzZ
Where do you see that? More info please.
i'm drawing some lines on 5 min charts,

now i think it go max 1.4720. and i guess it's preety working..

i don know how to capture pic on MT and post it here..

if u see it go 1.4720 range and then goin up then long.. wait for 2 up candle,
  • #143,944
  • Sep 17, 2009 2:31pm Sep 17, 2009 2:31pm
Quoting acumen
You do have to wonder what those NY traders are thinking attacking R1 after it had been tested and survived all day.

I can just see a junior bank trader in London with his hand on the sell button.

He comes R1... sell... again...sell... again... sell.

Either way... eventually... 1.5.

Mike
1.5 eventually... But what do you think will we see a retrace first?
Close your eyes when you feel you are going under.
  • #143,945
  • Sep 17, 2009 2:33pm Sep 17, 2009 2:33pm
i think we should have begun retrace already, but unfortunatly not,

so i believe 1.4795 or 1.48 will be retrace point.

and hope it goes to 1.4405 to 1.4425
  • #143,946
  • Sep 17, 2009 2:36pm Sep 17, 2009 2:36pm
Quoting pawan
i'm drawing some lines on 5 min charts,

now i think it go max 1.4720. and i guess it's preety working..

i don know how to capture pic on MT and post it here..

if u see it go 1.4720 range and then goin up then long.. wait for 2 up candle,
Search your PC for "snipping tool". I don't know I have Vista and there's a search programs box when you hit the windows icon at the bottom left. If you have that just type in snipping tool and it will come up.
  • #143,947
  • Sep 17, 2009 2:36pm Sep 17, 2009 2:36pm
Quoting VinzZ
1.5 eventually... But what do you think will we see a retrace first?
It could be whomever is protecting R1 today has options rolling off tomorrow.

If that's the case... there won't be much of a retrace.

Mike
  • #143,948
  • Sep 17, 2009 2:36pm Sep 17, 2009 2:36pm
Quoting pawan
i'm drawing some lines on 5 min charts,

now i think it go max 1.4720. and i guess it's preety working..

i don know how to capture pic on MT and post it here..

if u see it go 1.4720 range and then goin up then long.. wait for 2 up candle,
Right click chart, Save as picture ... voila.
  • #143,949
  • Sep 17, 2009 2:40pm Sep 17, 2009 2:40pm
Quoting acumen
It could be whomever is protecting R1 today has options rolling off tomorrow.

If that's the case... there won't be much of a retrace.

Mike
I recall reading a article today that 3 very large US banks are protecting 4755 they said enough is enough with euro/usd. Hunting the article down again so i can link it.
  • #143,950
  • Sep 17, 2009 2:43pm Sep 17, 2009 2:43pm
i know it's too many lines and i'm confuse too,

but i've started last night and and din't remove as it might help.

let's hope u might have some profit from it too..
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  • #143,951
  • Sep 17, 2009 2:44pm Sep 17, 2009 2:44pm
Quoting pawan
i know it's too many lines and i'm confuse too,

but i've started last night and and din't remove as it might help.

let's hope u might have some profit from it too..
ok exactly what am i looking at?
  • #143,952
  • Sep 17, 2009 2:46pm Sep 17, 2009 2:46pm
wall street has not sold off. Be careful with taking new position.
  • #143,953
  • Sep 17, 2009 3:01pm Sep 17, 2009 3:01pm
can u draw some of those lines?? will help you to understand, cause can't cover lines in pics..

any ways. yellow line is 1.4626 now,

if go below that it can go 1.4705 and then back to up again..

i'm really poor in describeing in it.. sorry.. but if u draw those lines as mine, may be u'll get bit idea.
  • #143,954
  • Sep 17, 2009 3:05pm Sep 17, 2009 3:05pm
gold, oil, market down
eu still up
  • #143,955
  • Sep 17, 2009 3:06pm Sep 17, 2009 3:06pm
Quoting Atlast
not being critical, but what does US make these days to export besides weapons, aircraft, electronics, bad foreign policy and movies?
P.S> i know you're talking about imports, but this is a different question
http://en.wikipedia.org/wiki/Economy...European_Union

http://en.wikipedia.org/wiki/Economy..._United_States

The info re: exports found in the above links may be a little out of date, but it shows that US exports are on a par with the EZ's, while GDP per capita in the US is 50% higher than that of the EZ.

In a state like Washington (where I live) or Mississippi (where I grew up), agriculture is a huge part of the economy, with much of the production destined for export.

You can make what you want of the current state of affairs re: the USD vs. the EUR, but the US has a lot of advantages long-term simply owing to its history and geography. This is still a relatively new country. We have space, room to grow. This country has swallowed up the effluent of Europe for a few centuries and more and there's still plenty of room. There are lots of natural resources that remain unexploited. We might have our problems, but I have not seen any long lines of people waiting to get out of the USA, and, of course, only the opposite has been true over time.

Europe, on the other hand, is crowded and spent. And given her long history of internecine carnage one would have to wonder about the long-term stability of the EU.

China has a huge, industrious, thrifty population but its not a free country. You don't hear about the frequent civil unrest in China because the government has the press on lock-down. Who knows what can & will happen? But sooner or later there are some chickens that could come home to roost there and that might not be very pretty.

And India, well, really....?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #143,956
  • Sep 17, 2009 3:08pm Sep 17, 2009 3:08pm
better now..
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  • #143,957
  • Sep 17, 2009 3:08pm Sep 17, 2009 3:08pm
Quoting acumen
It could be whomever is protecting R1 today has options rolling off tomorrow.

If that's the case... there won't be much of a retrace.

Mike
Thx Mike for your time to answer.
Someone is protecting R1 because he has options rolling off tomorrow. I don't see the link with "not much of a retrace".
Sorry Mike, I'm learning... So all info is welcome.
Close your eyes when you feel you are going under.
  • #143,958
  • Sep 17, 2009 3:24pm Sep 17, 2009 3:24pm
Everything is strangely quiet

Looks like a sudden Huge Spike UP is coming
  • #143,959
  • Sep 17, 2009 3:25pm Sep 17, 2009 3:25pm
soros and buffet are buying tonight?!
-this is too easy
-only half position left long
----- Dragonfly out in the sun you know what I mean, don't you know
  • #143,960
  • Sep 17, 2009 3:28pm Sep 17, 2009 3:28pm
Quoting sophiaphia
soros and buffet are buying tonight?!
-this is too easy
-only half position left long
how long have u been trading fx?
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