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  • #174,701
  • Dec 21, 2009 6:55pm Dec 21, 2009 6:55pm
Quoting gatorinla
yes manipulation. like when europe central bank ran out of usd's last year. part of the reason was exports were at stand still because of high euro. and with oil priced in usd they could not buy oil. u.s. as a nato member helped them.. things were much worse then you were told..

There's a confusion usually made from that side of the Atlantic, UK isn't Euro, most of that so spoken billions went there...

This "confusion" is recurrent even with some well known market anal ysts.

I'm not implying that EU is better or worse than the US, we all know that one depends on the other and vice-versa. I'm just reinforcing the fact that a lot of times UK businesses are confused directly with the Euro as currency.
Traders are smartasses
  • #174,702
  • Dec 21, 2009 6:57pm Dec 21, 2009 6:57pm
Quoting Spsantos
There's a confusion usually made from that side of the Atlantic, UK isn't Euro, most of that so spoken billions went there...

This "confusion" is recurrent even with some well known market anal ysts.

I'm not implying that EU is better or worse than the US, we all know that one depends on the other and vice-versa. I'm just reinforcing the fact that a lot of times UK businesses are confused directly with the Euro as currency.
no confusion.. ez got a large piece also as well as uk. ect.
those who can, do. those who cant, talk about those who can
  • #174,703
  • Dec 21, 2009 6:57pm Dec 21, 2009 6:57pm
Nice pattern...first target on the way.
  • #174,704
  • Dec 21, 2009 7:16pm Dec 21, 2009 7:16pm
Quoting Rednose
Nice pattern...first target on the way.
Are you talking about the bullish MACD diverg pattern on the 1 HR ?
  • #174,705
  • Dec 21, 2009 7:17pm Dec 21, 2009 7:17pm
these movements some thought-provoking.
interesting night. will win bull
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  • #174,706
  • Dec 21, 2009 7:19pm Dec 21, 2009 7:19pm
Quoting joemiami
Are you talking about the bullish MACD diverg pattern on the 1 HR ?
nope..15M..

btw..it has not completed...maybe a false interpretation of mine.
  • #174,707
  • Dec 21, 2009 7:45pm Dec 21, 2009 7:45pm
I'm bearish on Euro not because I'm American, but because of the MT support breakdown at 1.445. I read the charts, not political newspapers for direction.

However, daily stochastic slow line is now reading 8 (20 is oversold). I think we could have a little more downside before a nice pop to 1.445-1.45 so I'm sidelined despite the chance that I might miss the bounce. Due to the speed at which Euro declined without coming up for air a single time, a squeeze is inevitable, but in this thinned out atmosphere I really wouldn't bank on jumping in right now and hoping for the best.

I will also point out that USD/JPY closed above important resistance giving added strength to a USD bullish bias.

I still believe Euro is a sell on strength.. Strength above 1.452 negates MT bearish bias.
  • #174,708
  • Dec 21, 2009 8:05pm Dec 21, 2009 8:05pm
Quoting grashid
http://forex-grashid.blogspot.com/20...-dec-2009.html



n Welcome EU @ 1.42-1.4170/80..sooner or later

trade what u see from ur chat and not what people say...

cath u guys in asian and good luck
mm...still holding my gold n EUJPY ..and sto long gold &EU for BE+25 yesterday..

already lock 500each...mm not bad 10sen part time work
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  • #174,709
  • Dec 21, 2009 9:00pm Dec 21, 2009 9:00pm
1.4160/70?

Let see what happen
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  • #174,710
  • Dec 21, 2009 9:28pm Dec 21, 2009 9:28pm
It might be greedy, but I like long 1.419 with a stop below important/strong support at 1.412-1.413 .. being so oversold I would say the first attempt on that support level will fail miserably.

It might not make it past 1.425 before the squeeze in which case I'll just spend my time screaming into a pillow having missed the bounce out of greed.
  • #174,711
  • Dec 21, 2009 9:39pm Dec 21, 2009 9:39pm
Quoting grashid
1.4160/70?

Let see what happen
We do not want. Up up up
  • #174,712
  • Dec 21, 2009 9:49pm Dec 21, 2009 9:49pm
Quoting Optimum
We do not want. Up up up
..i want it together with my gold...if not..ya u guys take it
  • #174,713
  • Dec 21, 2009 10:16pm Dec 21, 2009 10:16pm
Hey Guys; I realize that you Want to Trade & therefore you (at this time) Must Trade but there is something missing in your analysis (if You have one).

From Now (actually a week or so ago) there is no reason for anyone, other than those that have an edge, to Trade.

If you expose Funds (Demo or Real) to this Market, expect to be fleeced.

At this time of year, there is limited Liquidity which, without explanation, offers The Hammer to those that can Trade 100's of Lots & therefore move the Market where They want.

If you Insist on being Involved, Tighten both. That being Stops & Profit Levels.

That & a Wish that the New Year will bring you All You Wish for.

If this is a "Game" for you then Bang away.
If this is "Your way out" It is now time to Shut Down Trading & Study. Read & absorb all you can from your favourite threads & be ready for January 11th 2010 to place your bets.
Until then... this is a Crap Shoot & your betting on 'The River'.

Study; Study; Study:

ps: I don't post here much but I do, occasionally, stop by to see what you folks are thinking. Don't bother asking me if I think it will go Up or Down. It will do both but, until I have some corroborating evidence, I'm not sure what the Long Term will do.
I will give you this though...
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No reccomendation, Just an Observation.
  • #174,714
  • Dec 21, 2009 10:31pm Dec 21, 2009 10:31pm
Hi folks! Bemac, always a pleasure. I see that the season has kept you as sharp as ever
Not all sins are created equal
  • #174,715
  • Dec 21, 2009 10:41pm Dec 21, 2009 10:41pm
eu 30m long sing.
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  • #174,716
  • Dec 21, 2009 10:46pm Dec 21, 2009 10:46pm
it's a golden opportunity imo Bemac.. Your advice is good, but even in a thinned out bizarro world atmosphere like this the probability of a bounce is quite high.
  • #174,717
  • Dec 21, 2009 10:48pm Dec 21, 2009 10:48pm
Quoting Bemac
Hey Guys; I realize that you Want to Trade & therefore you (at this time) Must Trade but there is something missing in your analysis (if You have one).

From Now (actually a week or so ago) there is no reason for anyone, other than those that have an edge, to Trade.

If you expose Funds (Demo or Real) to this Market, expect to be fleeced.

At this time of year, there is limited Liquidity which, without explanation, offers The Hammer to those that can Trade 100's of Lots & therefore move the Market where They want.

If you Insist on being Involved,...
CUT THE CRAP AND GET BACK TO TRADING FOREX
  • #174,718
  • Dec 21, 2009 10:54pm Dec 21, 2009 10:54pm
Quoting forexlion
CUT THE CRAP AND GET BACK TO TRADING FOREX
Nice note to self
Traders are smartasses
  • #174,719
  • Dec 21, 2009 10:59pm Dec 21, 2009 10:59pm
Quoting Pippy5000
it's a golden opportunity imo Bemac.. Your advice is good, but even in a thinned out bizarro world atmosphere like this the probability of a bounce is quite high.
r quite low
those who can, do. those who cant, talk about those who can
  • #174,720
  • Dec 21, 2009 11:02pm Dec 21, 2009 11:02pm
Historically when a painfully oversold pair reaches monthly fib support the chances of a clean break are abysmally poor
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