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  • #187,221
  • Jan 30, 2010 4:43pm Jan 30, 2010 4:43pm
Quoting ak4x
Short yoorow, Long popcorn
lol - but if everyone is now short EUR and those who aren't short are now going to go short (because who would go long against those weekly candles) who is going to take the other side of our short trade? Surely not ..... our broker?

Now it seems too obvious to me to go short and I know that whenever I think it looks too obvious/easy, I usually get my ass handed to me. It seems that the general sentiment in here is now short as well but we retail traders can't be that clever - can we?

Oh, hang on, FXCM's clients (as of Friday night) have just reassured me that they are still looking long (and adding) ..... see you at the bottom, wherever that may be.

EURUSD - The ratio of long to short positions in the EURUSD stands at 1.78 as nearly 64% of traders are long. Yesterday, the ratio was at 1.67 as 62% of open positions were long. In detail, long positions are 4.9% lower than yesterday and 11.0% stronger since last week. Short positions are 10.8% lower than yesterday and 30.1% weaker since last week. Open interest is 7.1% weaker than yesterday and 5.2% below its monthly average. The SSI is a contrarian indicator and signals more EURUSD losses.
Nothing worth having is easy.
  • #187,222
  • Jan 30, 2010 4:48pm Jan 30, 2010 4:48pm
i like when eu goes up 50 pips the band wagen says 1.6... but in all fairness they said it after it dropped 1300 pips too and 1200 and 1100 and so on.. if you go back as long as there was a euro we have dropped below the 50% mark.. on eurx.. this is a unproven young currency. that has doubled in value against usd since conseption. life is a cycle birth, middle age, death.. a mule that shits fast dont shit long.
those who can, do. those who cant, talk about those who can
  • #187,223
  • Jan 30, 2010 5:04pm Jan 30, 2010 5:04pm
knocked the dust off the ass chart.. purple extentions included.. i see 2817 as the mid point of present move. with 3 more at lower levels then present retraces of over 100/190 pips then at 2817 a bigger retrace of double the smaller ones.. ill play it by ear.. 2817 will determin the rest..

good luck
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those who can, do. those who cant, talk about those who can
  • #187,224
  • Jan 30, 2010 5:07pm Jan 30, 2010 5:07pm
something like this.. will adjust as number pa dictates..
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those who can, do. those who cant, talk about those who can
  • #187,225
  • Jan 30, 2010 5:10pm Jan 30, 2010 5:10pm
Quoting SkyzerFX
And what makes you think 2009-2012 going to be normal.
Good point. Given the abnormality of 2008's up, down, up, it still ended the year within the 2000 odd pip number. High at 1.6037 with low at 1.2329 (3,708 pips) then that massive spike in December took us back to end the year at 1.3950. Deducting 1.3950 from 1.6037 gives us 2,087 pips.

I get the fundies stuff. I am usually a US dollar bear. I don't know how far the market is going to go this time but maybe this could be the last hurrah. Time will only tell.
Nothing worth having is easy.
  • #187,226
  • Jan 30, 2010 5:20pm Jan 30, 2010 5:20pm
Quoting nawafasad1
we r still in downtrend waiting to get a bottom and it could be very near to that the chart shows what i think might happen when we get wave4 it ll go down to finish wave5 at 1.38 area major correction should occur . to make sure wait on first leg to occur and 2nd leg to test 1.38 if it s not broken we ll go up
ya you said wave 5 would end at 1.3980 too.
  • #187,227
  • Jan 30, 2010 5:34pm Jan 30, 2010 5:34pm
Quoting Maxsmart
ya you said wave 5 would end at 1.3980 too.
yes may be i did and if it doesnt i relabel . i wish i could know for sure
  • #187,228
  • Jan 30, 2010 5:40pm Jan 30, 2010 5:40pm
Quoting malcolmb14
come on sky ....get real , look at the ' experts' calling oil to 200 at 130 , of course all the retail investors bought as they believed the bs they see on TV.

gold to 1500 when it was 1200 ... now look likes it is going to 1000

what you read , think the opposite 90% of the time you cannot go wrong

weren't the experts calling for 20% rise in the indexes 1st quarter of 2010 , instead we may have a 20 % drop.

Most so called experts do not have a clue , or they are are using the media to manipulate the markets they want it to go. ( or in...

You have to love the MUPPETS once you understand them.
This is what pending orders are all about.
I trade what I see on my charts. Do Not listen to the Muppets.
  • #187,229
  • Jan 30, 2010 5:45pm Jan 30, 2010 5:45pm
Quoting Maxsmart
ya you said wave 5 would end at 1.3980 too.
may be you mean this chart when i was selling wave 4 to get to wave 5 the chart shows for sure where i m thinking wave5 is
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  • #187,230
  • Jan 30, 2010 6:04pm Jan 30, 2010 6:04pm
Quoting gatorinla
something like this.. will adjust as number pa dictates..
Right, I like sexy pics! Could you please extend those waves to wave 4-5-6-7,

so EURO could actually hit 0.00 Dollars? Thanks.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #187,231
  • Jan 30, 2010 6:07pm Jan 30, 2010 6:07pm
Quoting Maxsmart
ya you said wave 5 would end at 1.3980 too.
oh yes i ve got it now you r right
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  • #187,232
  • Jan 30, 2010 6:16pm Jan 30, 2010 6:16pm
Quoting SkyzerFX
Right, I like sexy pics! Could you please extend those waves to wave 4-5-6-7,

so EURO could actually hit 0.00 Dollars? Thanks.
"i like sexy pics".......are you referring to gator's avatar?
hang on to your bread......unless you want toast
  • #187,233
  • Jan 30, 2010 6:49pm Jan 30, 2010 6:49pm
Quoting Gld
"i like sexy pics".......are you referring to gator's avatar?
and Chart..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #187,234
  • Jan 30, 2010 6:54pm Jan 30, 2010 6:54pm
Quoting SkyzerFX
and Chart..
so.....you go both ways ?
hang on to your bread......unless you want toast
  • #187,235
  • Jan 30, 2010 7:06pm Jan 30, 2010 7:06pm
Quoting SkyzerFX
and Chart..
who is that old fart in ur pic ?
  • #187,236
  • Jan 30, 2010 8:13pm Jan 30, 2010 8:13pm
I've read the last few hours of debate...

I can't make sense of the chaos...LOL

I have a few longs...
and I have a short still open... with a take profit in the 1.37ish

I personally see eur going down...

I think we all see that but I'm not sure...

who can post a straight answer... I'm not an economist, and everyone reads and creates charts differently....I like bulls I like bears...as long as whatever is running its putting positive pips n my account?

one question...simple... which way to the pips???l
I'll pick up the crumbs don't need the whole pie
  • #187,237
  • Jan 30, 2010 8:19pm Jan 30, 2010 8:19pm
Quoting Quickiepip
I've read the last few hours of debate...

I can't make sense of the chaos...LOL

I have a few longs...
and I have a short still open... with a take profit in the 1.37ish

I personally see eur going down...

I think we all see that but I'm not sure...

who can post a straight answer... I'm not an economist, and everyone reads and creates charts differently....I like bulls I like bears...as long as whatever is running its putting positive pips n my account?

one question...simple... which way to the pips???l
follow gator....he's been leadin the way for quite some time now.
hang on to your bread......unless you want toast
  • #187,238
  • Jan 30, 2010 9:54pm Jan 30, 2010 9:54pm
Quoting tonyo524
I have to disagree with you on this one. take that same chart, and go back 8 years. i said this before, and I'll say it again. It all depends on who's running the country at the time. First Bush was Pres, the eu was back and forth. We had a crazy deficit, and the stock market was crazy. clinton took office, and look at your chart. Stock market went down, deficit was erased, and dollar went to it's highest level since creation of the EU. Second Bush took office, stock market took off, dollar sunk to it's lowest level sice creation of the Eu and here...

Great perspective - thanks for posting.
  • #187,239
  • Jan 30, 2010 10:29pm Jan 30, 2010 10:29pm
Seems about at 50% retracement off EW3 and at EW4...

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  • #187,240
  • Jan 30, 2010 10:47pm Jan 30, 2010 10:47pm
Quoting malcolmb14
Sky

ask your self what happens when Ge3rmany says F**k this we are going back to the mark and getting out of eu bs , supporting all those broke arse countries.

you forgte Ireland , latvia

look at the countries that use the euro and whose economy it is based on only germany and france are worth having the rest are broke arse free loaders...
How could there truly be a Euro Union without the British ?

since the very beginning 11 - 12 years ago ..........

why didnt the British join the Euro in its efforts
to a make one Euro Currency ?

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