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  • #184,081
  • Jan 23, 2010 12:27pm Jan 23, 2010 12:27pm
Quoting gatorinla
its a game of probabilty.

the last 9 years of placing a eu long and forgetting about it is over....

good luck...

Gator,

Thank you for breaking it down like that. When you explain it exactly how the words come out instead of in technical terms, it makes it far easier to understand.(if you know what I mean)
  • #184,082
  • Edited 1:24pm Jan 23, 2010 1:09pm | Edited 1:24pm
Quoting wwwin
no vote for Bernanke could be a major fundamental event.
http://news.forexdistrict.com/2010/f...amental-event/
What Author of that Article fail to realize is that this time it could

be different reaction. Like last time Obama talks about Banks and people

start selling USD. This time saying "NO" to Bernanke could create

Selling and moving away from USD assets, including USD..

Stocks can sell off alone with USD assets and GOLD could move up

on those events. It's very possible scenario. And it happens before.

I won't even comment on blind USD BULLS..

It's going to be over very soon. GDP growth machine? Very funny.

Can you also please draw US DEBT chart in that GDP growth chart and see

what is the US GDP made from? It's probably below ZERO in Real Dollars.

Debt is 2-3 times higher than Income, which is currently decreasing and will decrease even more

if this deflation/recession stay around any longer. By the way those numbers are fake and phony and not including

98% of US GOV liabilities. Medicare alone are trillions in DEBT:

" Taxpayers will face an estimated $29.7 trilScamlion in unfunded Medicare liabilities. AccordScaming to the latest Medicare Trustees Report, the estimated total of unfunded Medicare benefits increased by $2 trillion in just one year.
Taxpayers will pay trillions of dollars to cover the Medicare drug costs. The latest Medicare trustees’ estimate of unfunded drug entitlement liabilities alone is $8.7 trillion over a 75-year period."

Pension plan for FED employees underfunded by 4.5 trillion National Debt

What are you talking about???

US FED is Bankrupt, Period.

It's a biggest DEBT creating and money printing Machine in universe history.
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  • #184,083
  • Jan 23, 2010 1:10pm Jan 23, 2010 1:10pm
Quoting 2+2=4ex
No one man is greater than the machine...
As one blind man said to another...we shall see.
  • #184,084
  • Jan 23, 2010 1:33pm Jan 23, 2010 1:33pm
Quoting SkyzerFX
What Author of that Article fail to realize is that this time it could

be different reaction. Like last time Obama talks about Banks and people

start selling USD. This time saying "NO" to Bernanke could create

Selling and moving away from USD assets, including USD..

Stocks can sell off alone with USD assets and GOLD could move up

on those events. It's very possible scenario. And it happens before.

I won't even comment on blind USD BULLS..

It's going to be over very soon. GDP growth machine? Very funny.

Can you also please draw...
A real market needs people like you and me for someone to prosper, so I'm glad you're onboard.
  • #184,085
  • Jan 23, 2010 1:33pm Jan 23, 2010 1:33pm
Quoting wwwin
As one blind man said to another...we shall see.
Wasn't it the Zen master that said that??
  • #184,086
  • Jan 23, 2010 1:35pm Jan 23, 2010 1:35pm
SKY / MALC SHOW SEASON 2

SKY no offense mate but wtf are you talking about. Keep on saying usd is going to tank . It is great. Every time you come on here spewing this garbage dx just moves out of the bull flag. Next target 82 . The crap you are going on about is just that .....crap. EVERYTHING WE NEED TO KNOW IS IN THE CHARTS.

Markets tank usd is flight to safety . Go look at any time market dipped what happened to dx. NOW go look at dj weekly , after 2 months of distribution we saw the result this week and if we get three blavck crows on weekly then dj could be sub 10000 by end March . I did warn you about the fact that in the history of eu there has not been ONE time where a 900 pip drop has been reversed. MIn drop 2000 (1.3500 ) max 6500 ( 0.9)

rate you are going you will blow your account up


do you even understand volume of 40 k and 30 k that you are talking about and what they mean ? i trade using VSA so I know exactly what they mean.

the 40 k volume was on bottom ... aka stopping vol aka ALL BUYERS
the 30 k volume you are tlaking about was on a doji after effort to drop ending in middle of bar.

EURO ... well we have a ton of support 1.4000 zone so a boiunce here was to be expected. BUT in reality eu is ONLY in wave 4 up in a bear flag targets 1.3800 / 1.3600 . It closed Friday UNDER thursdays high of 1.4143

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Quoting SkyzerFX
One thing I know for sure is that Large Traders LONG position on

USD Index has been decreasing and now around 30000, which represents

25% decline from the top (around 40k) , and it's decreasing quite fast,

On the Other hand EURO SHORT positions has been decreasing from 35k to 25k.

Though lots of

things could happened in 2-3 weeks but that's my approx. Time target by which I expect

LONG LARGE TRADERS positions be around...
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  • #184,087
  • Jan 23, 2010 1:43pm Jan 23, 2010 1:43pm
In this weeks episode of SKY and Macc show Malc tells Sky stop being a muppet and go look what the meaning of bear flag is on babypips.com.

SKY asks why

Malc says well while you are spewing bullshit about how dollar is going to tank there is a lovely one on eu that once broken will net 200 to 400 pip

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  • #184,088
  • Jan 23, 2010 2:05pm Jan 23, 2010 2:05pm
Quoting malcolmb14
SKY / MALC SHOW SEASON 2

SKY no offense mate but wtf are you talking about. Keep on saying usd is going to tank . It is great. Every time you come on here spewing this garbage dx just moves out of the bull flag. Next target 82 . The crap you are going on about is just that .....crap. EVERYTHING WE NEED TO KNOW IS IN THE CHARTS.

Markets tank usd is flight to safety . Go look at any time market dipped what happened to dx. NOW go look at dj weekly , after 2 months of distribution we saw the result this week and if we get three blavck crows on...
We'll see if the dollar emerges as the safe haven asset during this crumbling of the equity markets or gold since Obamas words that caused the stock markets to fall are dollar asset bearish. Foreigners may not seek the dollar, but gold rather if his regulations on U.S. banks are put into place which threatens their capital. As we saw gold shoot up during his speech. So we'll see. Remember when the Euro went to 1.60 the U.S. was in the recession and it had not yet extended globally. So if these are U.S. problems caused by his regulations and not global problems, we could see the dollar continue to fall.
  • #184,089
  • Jan 23, 2010 2:26pm Jan 23, 2010 2:26pm
short-term geometry matches with the 50% fibo at 4220 which is also a resistance line
  • #184,090
  • Jan 23, 2010 2:30pm Jan 23, 2010 2:30pm
Quoting malcolmb14
Malc says well while you are spewing bullshit about how dollar is going to tank there is a lovely one on eu that once broken will net 200 to 400 pip
1) It's all daily trading stuff and no one really knows if it's going to tank or

rise as any small news could spike the price any direction.

2) Would Dollar going to tank is not the question, the question is when it's

going to tank.

And considering sliding stocks and current Market doom and gloom probably

not tomorrow. But it will tank, give it few weeks.

Looks like it's a panic out there right now and there could be a 200 pip

swings in both directions..

Anyways DOW still in the BEAR Market since 1999. It's already "Lost Decade".

I'm not trading EU at the moment, there is much more OPPS in the Equity

Market right now, just by Shorting DOW and Nasdaq, if slide continues

DOW could drop to 8000, that's still 2000 points to short..
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  • #184,091
  • Jan 23, 2010 3:49pm Jan 23, 2010 3:49pm
Quoting malcolmb14
In this weeks episode of SKY and Macc show Malc tells Sky stop being a muppet and go look what the meaning of bear flag is on babypips.com.

SKY asks why

Malc says well while you are spewing bullshit about how dollar is going to tank there is a lovely one on eu that once broken will net 200 to 400 pip

Attachment
Mal You are really patience man
http://www.forexfactory.com/showthre...id#post3314232
  • #184,092
  • Jan 23, 2010 4:10pm Jan 23, 2010 4:10pm
Bulls: It seems we have touched the bottom before going back to 1.5000

Bears: If we break this trend line, next stop would be 1.3725

Traders like me: WTF?
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  • #184,093
  • Jan 23, 2010 4:25pm Jan 23, 2010 4:25pm
Quoting Chicky
Bulls: It seems we have touched the bottom before going back to 1.5000

Bears: If we break this trend line, next stop would be 1.3725

Traders like me: WTF?
To me it was telling that we just had some very bad days in the DJIA and there was no corresponding mad rush to the USD and in fact the euro gained a little. I'd say 1.39 +/- $0.02 looks like a pretty hard bottom for E/U for the forseeable future. Bad news from Europe will probably hang around but same for USA. Stock markets will not tank, though. Whatever bad smell from regs or rumors thereof re: new regulations on prop trading will fade as the lawyers tell the board members, "Hey, don't worry, we got this. There's a loophole or 2,000...."

Of course, I am always wrong about such things.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #184,094
  • Jan 23, 2010 4:43pm Jan 23, 2010 4:43pm
Quoting Maxsmart
We'll see if the dollar emerges as the safe haven asset during this crumbling of the equity markets or gold since Obamas words that caused the stock markets to fall are dollar asset bearish. Foreigners may not seek the dollar, but gold rather...
sure gold is king....1080 gives way say hello 900. Those that went long 1050 due to gold going to gold 1500 all over the telly will be 15% down . The quickest 15% they will ever lose on an investment that is not supposed to lose.

here is 4 hour no sign of buyers yet

1080 critical

also note last time markets tanked gold and usd went up hand in hand ....
this time so much has been borrowed to plough into the stock market .. cheap usd versus stocks that will ' never look back' we could see repatriation as equities are sold and need for usd to repay loans

also on your note about gold jumping in Obama speech ... maybe $5 but had no impact on a 4 hour chart

1050 breaks then we are breaking the up channel and we have waht looks like a wave 1-2-3 , which we are in wave 3 on weekly , as of last week gold looksl ike evening star formation . Could hit 950 . I have been selling all rallies on gold. Justr about paid the hpuse off now.

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  • #184,095
  • Jan 23, 2010 4:49pm Jan 23, 2010 4:49pm
Quoting The Fool
To me it was telling that we just had some very bad days in the DJIA and there was no corresponding mad rush to the USD and in fact the euro gained a little. I'd say 1.39 +/- $0.02 looks like a pretty hard bottom for E/U for the forseeable future. Bad news from Europe will probably hang around but same for USA. Stock markets will not tank, though. Whatever bad smell from regs or rumors thereof re: new regulations on prop trading will fade as the lawyers tell the board members, "Hey, don't worry, we got this. There's a loophole or 2,000...."

Of...
lol you forget eu dropped close to 500 pip in 8 days. it is not allowed an 80 pip flag

also I think to some extent when gu tanking 200 pip in a day eu does head up slightly due to eurgbp. I did not think it was true but noticed this more and more recently.
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  • #184,096
  • Jan 23, 2010 5:07pm Jan 23, 2010 5:07pm
Quoting malcolmb14
sure gold is king....1080 gives way say hello 900. Those that went long 1050 due to gold going to gold 1500 all over the telly will be 15% down . The quickest 15% they will ever lose on an investment that is not supposed to lose.

here is 4 hour no sign of buyers yet

1080 critical

also note last time markets tanked gold and usd went up hand in hand ....
this time so much has been borrowed to plough into the stock market .. cheap usd versus stocks that will ' never look back' we could see repatriation as equities are sold and need for usd...
Hopefully your right. I'm short eur/usd from 1.45 targeting 1.38. I expected a bit of a bump here at 1.40-4050. but We will see. I like to look at all the angles and put myself in the devil advocates shoes. But from a technical perspective Bearish looks really promising. Breach of flag on daily chart targets 1.38. We crossed below the 200 day moving average significantly. The 50 day moving average is also crossing below the 100 as well as continued greece problems.
  • #184,097
  • Jan 23, 2010 5:08pm Jan 23, 2010 5:08pm
Quoting malcolmb14
lol you forget eu dropped close to 500 pip in 8 days. it is not allowed an 80 pip flag

also I think to some extent when gu tanking 200 pip in a day eu does head up slightly due to eurgbp. I did not think it was true but noticed this more and more recently.

Hey Mal,
You doing some eu and gu these days I noticed, are you trading full time now or what?
Cheers!
E
  • #184,098
  • Jan 23, 2010 5:10pm Jan 23, 2010 5:10pm
Quoting The Fool
Of course, I am always wrong about such things.
I am totally serious. I regularly trade around news announcements and bet the opposite of what logic tells me the pair should move. Works like a charm.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #184,099
  • Jan 23, 2010 5:20pm Jan 23, 2010 5:20pm
Quoting malcolmb14
In this weeks episode of SKY and Macc show Malc tells Sky stop being a muppet and go look what the meaning of bear flag is on babypips.com.

SKY asks why

Malc says well while you are spewing bullshit about how dollar is going to tank there is a lovely one on eu that once broken will net 200 to 400 pip

Attachment
Mal, after all these years of trading you should be more careful with such statements, either you have a lack of sx or you'll have a heart attack arguing with such intensity.
Dr E
  • #184,100
  • Jan 23, 2010 5:27pm Jan 23, 2010 5:27pm
Quoting malcolmb14
Those that went long 1050 due to gold going to gold 1500 all over the telly will be 15% down . The quickest 15% they will ever lose on an investment that is not supposed to lose.
So? What is your point? Are you saying those who trading EU from Monthly

or Weekly charts doesn't placing like 200-300 pips stop loss or even 400?

15% down to get 50% later seems reasonable risk reward for me, cause it

might go to 950 or may not, just buy more if it does.

People trading over different Time Frames, yours are M30-H1

But you are not betting as much as those who playing with Weekly

I can invest 100k in Gold and you will be continue to scramble peanuts

cause no way you going to risk 100k shorting GOLD and sleep well at night,

and I feel fine been long, especially knowing that Chinese and Indians paid over $1000k/oz as well,

I guess they are idiots too, by your definition.

Basically, if you went short at 1.48 on EU couple of month ago and bailout at 1.50 you lose

and if you take profit now, you win. It's all about timing isn't it?
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