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  • #176,861
  • Jan 2, 2010 11:23am Jan 2, 2010 11:23am
Quoting Jasper
I fully understand, but I am looking at it from the Weekly Chart, and as I said earlier, I may very well be wrong. We all have to go with our own analysis, and stick to it, up until we realise it is not working, or stay with it if it is working.
I am fully convinced that EU is in an uptrend, though. Whether, my thoughts that Price will go back up from around 1.4303, is right or not, has yet to be determined.
I will get back to you, late on Monday, with either a smile or a reddish face.

Good Luck
if just a 4 hr chart trade your 1,4304 entry with nice stop loss is a very low risk entry due to the channel we are currently in. 1.4300 to 1.4400.

also we saw a nice high vol pin on that support level and end of session Friday , that could well support the long play to test top of channel 1.4440 , however we have to wait for Monday to see reaction to that.

still not sure where you get the uptrend from though ....as of dec 30 the the trend on the daily changed , if we break 1.4300 on a daily close then 1.4000 is the target.

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  • #176,862
  • Jan 2, 2010 11:25am Jan 2, 2010 11:25am
Quoting Big1red9
Consider that you have a man that can and does control news and how the news is presented to hundreds of millions of people, through hundreds of media organizations via newspapers, TV stations, Radio stations, Production companies, cable and satellite.

Think he just maybe has the ability to manipulate what people think? Maybe for his own gain?

Personally that whole group of companies scares me more than any terrorist group.

BR
on new now i see 20% rise dj in 2010 .... I expect 2.5% rise , then major tankage based on this.
Blogging daily now at www.volume.zone
  • #176,863
  • Jan 2, 2010 11:28am Jan 2, 2010 11:28am
Malcolm, If not all of the issue, it is the majority of it.
BR

Quoting malcolmb14
Dollar bulls ? the thing is what dollar bulls .. everyone and their Granny is still bear usd .

eurusd has 2 components .. usd and euro. What if usd remains constant does not go up and does not go down , yet euro zone falls apart ?

eu goes to parity without usd getting any stronger....

also waht do we know of EW principles. wave 1 and 2 will form when everyone is still bearishg at bottoms and bullish at tops.

Now go look at weekly dx ....you will see wave 2 started 74.5

as stated for this wave to be voided then 74.50 has to be taken out....
  • #176,864
  • Jan 2, 2010 12:38pm Jan 2, 2010 12:38pm
So we should expect, in the not too distant future, another major financial crisis that will most likely manifest itself in the unwinding of the USD carry trade whereby a number of countries, because of the insolvency of their major financial institutions who have foolishly leveraged themselves once again in USD denominated debts, are then forced to come to the IMF for a bailout.

European banks alone are sitting on over $10 Trillion of USD denominated debt much of it owed by non-US countries and corporations with severe duration funding mismatches as documented by BIS reports.

Hyperinflation would mean that all USD denominated external debt of developed and developing countries could no longer be used as leverage to force acceptance of austerity measures and carbon emission controls. Hyperinflation, by its very nature, would preclude any potential for sovereign debt default. That's why it will never happen in USD.
  • #176,865
  • Jan 2, 2010 12:40pm Jan 2, 2010 12:40pm
Consequently, the global banking cartel and their central banking hand maidens will take all necessary measures to prevent hyperinflation in USD. Deflationary collapse is likely their best tool for maintaining leverage over USD denominated debtors and forcing the handing over of national sovereignty to the IMF in exchange for bailouts.

The defaulting nations will be required to accept the carbon tax and regulations that were established in Copenhagen and to adopt SDRs as the currency for repayment of bailout funds. SDRs will become the mandatory currency for funding and performing transactions in carbon trading and derivatives markets enabling the eventual transition to a single global currency regulated by a world government, thereby, fulfilling the dreams of the global elite for world domination and control.
  • #176,866
  • Jan 2, 2010 1:46pm Jan 2, 2010 1:46pm
and i enjoy the discussions happenin here from economics to charts

but you guys are just killin it lately. too many theories and too much shit flyin around

lately im a believer in the fact that conventional economics annd well anything conventional really no longer fully applies nowadays.

ive always sucked at economics and could barely keep up with supply and demand basic shit but i can sit here and throw theories about why the dollar should get stronger or weaker and eventually go into conspiracy shit but the reality is nobody knows what the hell is gonna happen and no offense to anybody but some of u talk like u can predict the future. its nice to be confident and trust in ur own analysis and be experienced in all of this but still

i personally think euro will continue to range for now. i guess a bit of profit taking but so far havent seen any signs of stronger profit taking/rallies while cable in my opinion seems it could continue a bit higher before things become clear again

sorry about the rant but it would be nice if u guys tone it down a notch with the crazy theories
  • #176,867
  • Jan 2, 2010 1:57pm Jan 2, 2010 1:57pm
So long as the various parties work together you will "only" see and hear of drastic things brewing while the markets are manipulated by those that can use the events for gain. I don't think anything significant will happen, unless those in power are prepared to push this beyond a financial war to a physical one.

Take Care,
BR

Think of it in terms of a chess game
Quoting upsandwns
Consequently, the global banking cartel and their central banking hand maidens will take all necessary measures to prevent hyperinflation in USD. Deflationary collapse is likely their best tool for maintaining leverage over USD denominated debtors and forcing the handing over of national sovereignty to the IMF in exchange for bailouts.

The defaulting nations will be required to accept the carbon tax and regulations that were established in Copenhagen and to adopt SDRs as the currency for repayment of bailout funds. SDRs will become the...
  • #176,868
  • Jan 2, 2010 1:59pm Jan 2, 2010 1:59pm
Happy New Year

GBP thought.... odd moves are designed for something...that 400 pip up move is biggest 24 hour move in 8 week , on low volume , 1 day before New Year. If anything It may be some form of mark up to test Dec 17 resistance area , all nice and primed for the pros to sell the hell out of it when they come back next week. If this is the case we could be at that 1.5750 level pretty quickly .

Quoting boxingislife
and i enjoy the discussions happenin here from economics to charts

but you guys are just killin it lately. too many theories and too much shit flyin around

lately im a believer in the fact that conventional economics annd well anything conventional really no longer fully applies nowadays.

ive always sucked at economics and could barely keep up with supply and demand basic shit but i can sit here and throw theories about why the dollar should get stronger or weaker and eventually go into conspiracy shit but the reality is nobody knows what the...
Blogging daily now at www.volume.zone
  • #176,869
  • Jan 2, 2010 2:05pm Jan 2, 2010 2:05pm
Quoting upsandwns
Deflationary collapse is likely their best tool for maintaining leverage over USD denominated debtors and forcing the handing over of national sovereignty to the IMF in exchange for bailouts.
Best tool??? Completely wrong. With such High Debt the only tool is

Inflation and Money printing or

Default on Debt.

Inflation keeping things going, and deflation = Default.

Hyper inflation? Probably not,but to me, if I was paying $6 for 3L of Olive

oil 10-15 years ago and now it's $30 - it's already hyperinflation.

The only Deflation I see is in Electronics, Computers, TV's and Computer

Parts, when new technology making OLD things almost Free of charge..

I used to pay $140 for 32 MEgs of RAM in Early 90's, now I can buy 1 gig

for $15-$30 Deflation impossible by Default with Obama, Bernanke and

Crew. They can inject UNLIMITED # of USD to avoid Deflation.

One Stimulus package here and there. Deflation is a JOKE!

It's not 1930's anymore, when USD was as good as GOLD, now it's just a paper

and they can print amount necessary to avoid Deflation at all costs.

NO deflation, sorry. Hyperinflation probably not, but Inflation? You bet..

Official Numbers for Inflation is a scam, cause just Healthcare inflation alone

responsible for 15-20% a year increase in costs, at Least.

BTW: GOLD will do OK in both Inflation and Deflation environment.
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  • #176,870
  • Jan 2, 2010 2:07pm Jan 2, 2010 2:07pm
you seem to have not yet gotten that fox is propaganda at it's finest and this guy glenn beck is a total muppet.

even tough i myself always search my own truth and am pretty critic on the governments and the way they threat us sheeps, this crap is just food for the conspiracy theorists.


Quoting SkyzerFX
This is a Bomb on Fox News:

FOLLOW THE MONEY :: Obama's Marxism SHELL GAME Scam To FINANCIALLY COLLAPSE America !!

http://www.youtube.com/watch?v=9oYn2BeblBk

This scam will blow dollar away in 2010..

Must listen.

Frieddy and Fenny asking 400 billion each on top of everything else, compare that to Greece.
  • #176,871
  • Jan 2, 2010 2:12pm Jan 2, 2010 2:12pm
until now, even joe average got to know by media that dollar will collapse or has to collapse. the cards have been reshuffled and you are still dancing on that bad bad usd- stage. traders do not care about this shit. it's about making money and if the consensus has switched to buying usd now ,than this is it, no matter what you and the rest of the world and conspiracy theorists think. up and down...just a playfield, nothing more, and the media creates the stage for it that it all seems to make sense. who cares about the debt? only IF the guys, which are responsible for this DECIDE to let it all FAIL, then it will FAIL and not because if you or 50% of the people think that is HAS to FAIL.

Quoting SkyzerFX
Ok, all depends how you look at the charts..

Here is the chart saved earlier, Picture doesn't change much as

we close above 1.43.. Daily TF, Price must drop below 1.40 to break this

And that's an uptrend for me:

You have to close your ears and not listen the facts that USA almost bankrupt and can go

down any day now. Dollar will collapse rater than go to any of your targets, cause it's a logical nonsense.
  • #176,872
  • Jan 2, 2010 2:23pm Jan 2, 2010 2:23pm
@petefaders:

this from your website sounds interesting. 2 years ago?

Quote
Once I added VSA (Volume Spread Analysis) almost 2 years ago, my profits became very consistant. Nothing beats knowing how the market really works!
  • #176,873
  • Jan 2, 2010 2:28pm Jan 2, 2010 2:28pm
Quoting boxingislife
sorry about the rant but it would be nice if u guys tone it down a notch with the crazy theories
I gotta agree with this. Y'all shouldn't let Skyzer bait you like that.

P/L > words.
  • #176,874
  • Jan 2, 2010 2:48pm Jan 2, 2010 2:48pm
While the past can not always predict the future, it is sometimes good to see what possibilities lie ahead, based on recent history.
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  • #176,875
  • Jan 2, 2010 3:09pm Jan 2, 2010 3:09pm
Quoting Dr.Geppynius
IF the guys, which are responsible for this DECIDE to let it all FAIL, then it will FAIL and not because if you or 50% of the people think that is HAS to FAIL.
Guys responsible will be long gone before it happens, with Swiss accounts

holding Pure GOLD, smoking pot and Drinking Margaritas

on some tropical Islands.

The Question is now not "If it happens", but rather When exactly it happens.

1-2 years? 3 years? Now seems like they already know when, cause they keep spending like mad,

while US dollar worth something. Mean while keep buying US Dollars, those who are USD bulls and

I'll keep buying and accumulating Silver (I like it better than GOLD). At least 1 OZ of GOLD/SILVER will never

become 1/2 OZ, that's for sure
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  • #176,876
  • Jan 2, 2010 3:19pm Jan 2, 2010 3:19pm

Quoting Dr.Geppynius
until now, even joe average got to know by media that dollar will collapse or has to collapse. the cards have been reshuffled and you are still dancing on that bad bad usd- stage. traders do not care about this shit. it's about making money and if the consensus has switched to buying usd now ,than this is it, no matter what you and the rest of the world and conspiracy theorists think. up and down...just a playfield, nothing more, and the media creates the stage for it that it all seems to make sense. who cares about the debt? only IF the guys, which...
  • #176,877
  • Jan 2, 2010 3:24pm Jan 2, 2010 3:24pm
Quoting Dr.Geppynius
traders do not care about this shit. it's about making money and if the consensus has switched to buying usd now ,than this is it, no matter what you and the rest of the world and conspiracy theorists think. up and down...
Agree, but while there is no trades we were talking about overall long term

picture,

Political/Economical/Financial view.

We simply talking about 2 different things, that's all.
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  • #176,878
  • Jan 2, 2010 4:33pm Jan 2, 2010 4:33pm
Quoting SkyzerFX
Agree, but while there is no trades we were talking about overall long term

picture,

Political/Economical/Financial view.

We simply talking about 2 different things, that's all.
Yeah , you are right sky-Have you sent your Thank You card to this Guy yet? because i know guys like Glenn Beck have selective memories and sometimes they forget who kicked things off with a 654 billion useless war(NO clue how to pay for it) and a complete sleep at the switch for almost freaking 8 years--i was really looking forward to the next great depression until what's his face again, Yeah--obama shalam ding dong flooded the market with liquidity and took away my dream.

dude, --i read your postings but sometimes you get too carried away with your political views--my advise stay a capitalist or better still a CHARTIST.
Don't worry too much about the dollar, in due time helicopter Ben will do something about it--they always do. But to try and convince people that they should be mad at obama ,when last January our collective arses were heading for Dow Jones 1200 and my wet dream of a depression was about to happen but now 10,000+(better looking 401k's) and you want folks to be angry at obama--hmmm...i don't know dude..lol

Bet Beck doesn't know this tape exist!!!

Inserted Video


Look at what obama made me miss---dayymmn You obama ........
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  • #176,879
  • Edited 5:22pm Jan 2, 2010 4:56pm | Edited 5:22pm
Quoting taomql4
-BTW-

Those guys on wall street are a bunch of crazy folks==they all have gathered in a HERD mentality and have convinced themselves that the world is falling apart and aree selling ----boy--i wish i have enough capital--i woulld be accumulating like crazy now--with all these crazy low stock prices--i have a feeling that DOW--is going to POP pretty soon.

I know thatt some dude is accumulating right now-----

This is how Billionaires are created folks...........
Beck was telling me to sell everything under the sun, obama is
president and the world is coming to an end--okay, fine but am
a chartist first and my chart was telling me different!!!

You can guess what my brokerage account looks like now..


P.S
Don't worry , i will scream again, when my chart(only my chart) tells me
the world is about to END.
  • #176,880
  • Jan 2, 2010 5:26pm Jan 2, 2010 5:26pm
Quoting boxingislife
sorry about the rant but it would be nice if u guys tone it down a notch with the crazy theories
I totally agree with this, I hope it is just a symptom of low volume and most active traders taking holiday. Anyone trading during this low volume is probably too far away from Vegas to sit down at a craps table so this gets them their fix.

The funny part about all these crazies and the sky is falling theories is they are scalpers. LOL. Who !@#$ cares what the dollar is going to do in 1/2/3 months if you are watching a 5 minute chart

Also keep in mind that markets need buyers and sellers, so if there needs to be a big move long then they are going to convince you sure as ice is cold and water is wet that the market is going short.
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