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EURUSD

  • #150,841
  • Oct 9, 2009 4:57am Oct 9, 2009 4:57am
Quoting Alihuzaifa
sorry for my ignorance but i cant recall any thing he did for peace in world...

can u let me what he has done so far?
i will not hold it against you
those who can, do. those who cant, talk about those who can
  • #150,842
  • Edited 5:00am Oct 9, 2009 4:58am | Edited 5:00am
japan finance mimister Us in Sense of Crisis re weak usd gain capital.../
  • #150,843
  • Oct 9, 2009 4:59am Oct 9, 2009 4:59am
Quoting Pipster888
euro taking off...
Whatever Trichet said "should" be pro-dollar, similar to his last statement.

If Asian banks are buying up the dollar earlier, this is the best time to talk up the dollar without much effort.

thats why I was expecting a drop from yesterday coupled with the data release from yesterday.

We'll see how this goes when US opens.
  • #150,844
  • Oct 9, 2009 4:59am Oct 9, 2009 4:59am
Quoting Atlast
He gave a big p(i)ece of the US to the rest of the world. he deserves a prize of some sort. Now, it looks like US will take 2 nd place to China in coming years, that should defiy bring more peace. Enough gunshot diplomacy and terror alerts, and regime overthrow, etc. and I speak as someone affected by their past meddling.
oh, and before patriots send me some missiles, I love the US, really.
it was given away long before.. look at your usd charts and the years..
those who can, do. those who cant, talk about those who can
  • #150,845
  • Oct 9, 2009 5:00am Oct 9, 2009 5:00am
Quoting gatorinla
energy indenpence although a dream... would stop all you see. war trumps everything..
true , Gator, but the giant has awoken and the giant uses Sun TZU, and the most effective way to win a war is not to fire a single shot, but to subdue and subverse by other means.
  • #150,846
  • Oct 9, 2009 5:09am Oct 9, 2009 5:09am
I do not know which country you live in, but if the U.S. gets devalued, then it would have to occur across all major currencies across the globe. It cannot ONLY occur with the U.S. Dollar.

Once this happens, the new reserves would more than likely be split safely among several countries, not just one. The value of gold would have to go up first and in order for this to occur its value would have to increase in a large way, this may mean that it may no longer be available to the public system. In this way, the new currency becomes coined to the new value of gold. This means the value of the new currency will be much less than the current values across the world. In this way, debt is reduced across the globe.

The money you hold now would be devalued and of little value unless you dumped it in gold or some liquid form of cash like treasury yields until the crisis is over. Then trade it for the new currencies, which would likely be the new U.S. Dollar and a couple of other new currencies of possibly equal value to balance out the system

This would also likely mean the end of Spot Forex....as volatility and speculation would meet its demise.

So instead of investing in Forex, one would have to accumulate US Treasuries or Gold to be in a position of liquidity.


Quoting Atlast
Read your newspaper next summer. hope you don't get a shock.
If you understood the impact of the US dollar on a global scale, you will undestand why it's doomed.
P.S. give me 1 good reason why it won't happen.
In Charts We Trust!
  • #150,847
  • Oct 9, 2009 5:13am Oct 9, 2009 5:13am
...1.6 crippled europe not long after when they had a strong economomy. the move to 1.6 was much more gradual then this move. now europe is much weaker and the higher eu goes the weaker ez is.. the weaker the higher unemployment.. less workers to support a aging population and high social cost. if your not worried dont be.. keep some gold in your shoes.. it usaully spikes during unrest.. the higher eu goes the greater the threat.. japan is in the same boat.. korea is still taking market share from both..and the weaker the dollar the more crap u.s. sells abroad taking away more market share... korea went up as e/z and japan slipped the last year..enjoy the party but keep some asprin on hand..
those who can, do. those who cant, talk about those who can
  • #150,848
  • Oct 9, 2009 5:15am Oct 9, 2009 5:15am
Quoting Atlast
use 1 moving average, or use 1 trendline, or use 1 fib or use 1 pattern, or use 1 candlestick signal, or use 1 pitchfork. Manage the trade by trailing 1 bar then 3 bar high/low and take your loss when it comes and take your winnings as they come. simples,
Thnx Atlas i will try this out.
  • #150,849
  • Edited 5:20am Oct 9, 2009 5:16am | Edited 5:20am
EUR/USD

Daily 4hr 1hr
https://secure.efxnow.com/myAccount/..._blue_down.gif https://secure.efxnow.com/myAccount/..._blue_down.gifhttps://secure.efxnow.com/myAccount/..._blue_down.gif


0704GMT immediate downside potential while below 1.4760 21 hour sma, 100 hour sma at 1.4710 currently offering support below may see to 1.4680.
  • #150,850
  • Oct 9, 2009 5:17am Oct 9, 2009 5:17am
Quoting X.Oden
I do not know which country you live in, but if the U.S. gets devalued, then it would have to occur across all major currencies across the globe....
so, where is the good reason why it can't happen.
  • #150,851
  • Oct 9, 2009 5:19am Oct 9, 2009 5:19am
Quoting viljam
Thnx Atlas i will try this out.
you're more than welcome, and if you combine 1 with 1 of the other you get a better entry. As always test it out on back data and you will see which is the best parameter.
  • #150,852
  • Oct 9, 2009 5:21am Oct 9, 2009 5:21am
Stocks poised for rocky open

http://money.cnn.com/2009/10/09/mark...kets/index.htm
  • #150,853
  • Oct 9, 2009 5:22am Oct 9, 2009 5:22am
Quoting Atlast
true , Gator, but the giant has awoken and the giant uses Sun TZU, and the most effective way to win a war is not to fire a single shot, but to subdue and subverse by other means.
nope.. china already has unrest that you will not read about as thousands come to the cities for a job each day. unemployment is not only in the west. china gov who had stopped throwing money at it has started again.. enjoy the party. this aint over. ask yourself who pays bloomberg? cnbc? or most if not all media? so who does media bow to? motive is to sell...............i hope and pray your right, but history says your wrong.
those who can, do. those who cant, talk about those who can
  • #150,854
  • Oct 9, 2009 5:28am Oct 9, 2009 5:28am
The way I described it can happen....the way you describe it cannot....

The USD cannot be defaced alone...and if it does happen, the new reserves will include the USD the same, therefore, it never goes away....the only thing shifted is debt...


Quoting Atlast
so, where is the good reason why it can't happen.
In Charts We Trust!
  • #150,855
  • Oct 9, 2009 5:36am Oct 9, 2009 5:36am
Quoting gatorinla
nope.. china already has unrest that you will not read about as thousands come to the cities for a job each day. unemployment is not only in the west. china gov who had stopped throwing money at it has started again.. enjoy the party. this aint over. ask yourself who pays bloomberg? cnbc? or most if not all media? so who does media bow to? motive is to sell...............i hope and pray your right, but history says your wrong.
well the earth is a fragile place, i hear nibiru is due to visit in few years, not to mention the meteorite Apophis, both of which would make a war look like a fart in an eggbox
  • #150,856
  • Oct 9, 2009 5:37am Oct 9, 2009 5:37am
usx hit a minor support so if it holds eu could slip lower short term
those who can, do. those who cant, talk about those who can
  • #150,857
  • Oct 9, 2009 5:39am Oct 9, 2009 5:39am
the updated levels.
cci12
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  • #150,858
  • Oct 9, 2009 5:39am Oct 9, 2009 5:39am
Quoting X.Oden
The way I described it can happen....the way you describe it cannot....

The USD cannot be defaced alone...and if it does happen, the new reserves will include the USD the same, therefore, it never goes away....the only thing shifted is debt...
your assumptions are based on false premises, but rather a prolonged intellectual arguement, you appear to not rule out dollar devaluation, and where did i mention only US dollar affected? be careful with assumptions, can be dangerous, especially in trading.
  • #150,859
  • Oct 9, 2009 5:43am Oct 9, 2009 5:43am
Quoting Atlast
well the earth is a fragile place, i hear nibiru is due to visit in few years, not to mention the meteorite Apophis, both of which would make a war look like a fart in an eggbox
before that happens you got a basket of countries some strong some not.. unemployment has been known to cause unrest. weaker exports will make the strong weaker and the weaker weaker.. and raise unemployment. europe dont mind a fight... ask chamberlin
those who can, do. those who cant, talk about those who can
  • #150,860
  • Oct 9, 2009 5:45am Oct 9, 2009 5:45am
feal like ist going to be a down day today closed short 1.4805 at 1.4720

will test 1.4700 today
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