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  • #195,961
  • Feb 15, 2010 8:49pm Feb 15, 2010 8:49pm
i had that # 1.0759... im lowering it now to 1.0484 + plus a few.. will lower if needed..reaction to 2617 will determine thoughts and math
those who can, do. those who cant, talk about those who can
  • #195,962
  • Feb 15, 2010 8:50pm Feb 15, 2010 8:50pm
here is my euro predication for next few weeks based on zany movement....

follow the red line

this is a new trading theory called the insanity theory only will be seen when eu goes into 25 pip range



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  • #195,963
  • Feb 15, 2010 8:52pm Feb 15, 2010 8:52pm
The EUR is still in the downward acceleration mode. The upward activity from 3600 will reverse downwards very soon. The EUR still does not have the sustanance to pull itself upwards. We should not see this much hesitation if motion was to reverse direction upwards. The fact that we are hestitating too much has to do with a tight triangular region that we are stuck right now.

There is going to be 1 more downward motion towards the base of the triangle, if this is a real triangle.

or

we might just shoot more downwards after the base of the triangle has been reached. The dotted red trendline is as far up we might go before we go down. The only way that EUR will have certainly switched direction is for it to break the upper solid trendline really hard, and it doesnt look like it can do that.

If this is a authentic triangle then its thrust will be upwards and it will find support/resistance at around the mid trendline that is drawn from the apex. If such behaviour is not observed, then expect more down.
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  • #195,964
  • Feb 15, 2010 8:54pm Feb 15, 2010 8:54pm
Quoting malcolmb14
here is my euro predication for next few weeks based on zany movement....

follow the red line

this is a new trading theory called the insanity theory only will be seen when eu goes into 25 pip range



Attachment
hahaha .. nice to see your post Malc ..
I think EU would retrace up to 1.40 area before down move again .. well .. just my insanity guess ..
  • #195,965
  • Feb 15, 2010 8:54pm Feb 15, 2010 8:54pm
euro weekly

some form of retrace is due

gold testing that 1100 level

the Greece news is old news and nothing goes from point a to point b in a straight line

I am looking for a potential long above 1.3660 this week and in GU a potential long above 1.5800

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  • #195,966
  • Feb 15, 2010 8:58pm Feb 15, 2010 8:58pm
Short 3623
  • #195,967
  • Feb 15, 2010 8:58pm Feb 15, 2010 8:58pm
IMO,

Just make it less complicated

If 1.3595 broken : Go Short

If 1.3633 broken : Go Long

Ranging : Stay aside
  • #195,968
  • Feb 15, 2010 9:05pm Feb 15, 2010 9:05pm
Quoting learntowin
IMO,

Just make it less complicated

If 1.3595 broken : Go Short

If 1.3633 broken : Go Long

Ranging : Stay aside
be careful with long below 54 maybe even 61 even if minor tl gets broken if 54 is touched and rejected the bears have control.. in a large move.
those who can, do. those who cant, talk about those who can
  • #195,969
  • Feb 15, 2010 9:08pm Feb 15, 2010 9:08pm
Quoting learntowin
IMO,

Just make it less complicated

If 1.3595 broken : Go Short

If 1.3633 broken : Go Long

Ranging : Stay aside


..finally i found a good post..but mine a little bit offset..but nevermine..i understand what he mean...

1.3660 north gate
1.3580 south gate
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  • #195,970
  • Feb 15, 2010 9:12pm Feb 15, 2010 9:12pm
now looking at daily euro futures we see shake out on ultra high volume just above 1.3500

this was tested Friday with buyers coming in however as mentioned earlier we have seller 1.3640 hence my looking for long above 1.3660

the basing pattern is a very similar pattern that we have nov 20 th to dec 1 at 1.5150

in fact that volume at 1.3520 was the highest since 1.5150 and put the market sideways for now


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  • #195,971
  • Feb 15, 2010 9:16pm Feb 15, 2010 9:16pm
Quoting gatorinla
i dont think move is over. when u.s market opens s&p may tank.. but as always i dont have a clue. its about probabilitys.. so IF we do pull back and respect is given to 3591.. we may c 3650 ...this is baby bull numbers...... i dont think it will happen. but this should be the path if it does.. its still in bear mode..
no change.. valid.. a baby bull in a bigger bear.
those who can, do. those who cant, talk about those who can
  • #195,972
  • Feb 15, 2010 9:17pm Feb 15, 2010 9:17pm
Have you had an ultrasound yet? I see some potential for trips there..

Quoting gatorinla
be careful with long below 54 maybe even 61 even if minor tl gets broken if 54 is touched and rejected the bears have control.. in a large move.
Ah Luv the smell of a good prediction in the mornin!
  • #195,973
  • Feb 15, 2010 9:19pm Feb 15, 2010 9:19pm
Quoting gatorinla
no change.. valid.. a baby bull in a bigger bear.
It's getting close to baby bulls nap time...
  • #195,974
  • Feb 15, 2010 9:22pm Feb 15, 2010 9:22pm
Quoting malcolmb14
here is my euro predication for next few weeks based on zany movement....

follow the red line

this is a new trading theory called the insanity theory only will be seen when eu goes into 25 pip range



Attachment
Welcome to the rollercoaster
  • #195,975
  • Feb 15, 2010 9:22pm Feb 15, 2010 9:22pm
for now, buys on little dips and sells on larger pull backs... at 3650 all bets are off
  • #195,976
  • Edited 9:33pm Feb 15, 2010 9:25pm | Edited 9:33pm
Quoting gatorinla
be careful with long below 54 maybe even 61 even if minor tl gets broken if 54 is touched and rejected the bears have control.. in a large move.

Thank you Gator,

Actually

I still keep my Longs for Gold/USD, EUR/USD, GBP/USD from yesterday

Just wait for booking profit

Stop loss now at critical Support as said

If Stop loss hit, then go short

If not, Ride it until it can not go higher

TKS
  • #195,977
  • Feb 15, 2010 9:33pm Feb 15, 2010 9:33pm
Quoting grashid
mm..i'll let u crazy as well after this ..just give me less than 3 hr


I hope I say that gold will melt ... : D
Let us be green
  • #195,978
  • Feb 15, 2010 9:35pm Feb 15, 2010 9:35pm
Quoting gatorinla
.....It is true that until a couple of years ago most euro-zone sovereign debt traded as if it didn't matter much whether you bought German, Italian or Portuguese bonds. With Greek bonds now trading two to three percentage points above German bonds, which are Europe's benchmark, and Portugal's bond yielding more than one percentage point more than Germany's, the markets are pricing in differential risks of default.
Humble opinion, this early debt pricing 'blindness' was an early benefit from the implied solidarity of the EU which also implies that despite treaties to the contrary, the EU was/is perceived as a 'debt union'. The forex market will, of course, always price the Euro according to this debt union- eg, recent euro selloff- so if they fail to act to support a member like Greece, the resulting fall of the Euro will be more convincing that they must act.

Despite my longer term hypothesis above, (I still expect some modest dollar weakness this week)
  • #195,979
  • Feb 15, 2010 9:40pm Feb 15, 2010 9:40pm
"Euro zone states urged Greece to announce more deficit-control steps by mid-March if needed, but said nothing new of last week's pledge to defend the country if debt market pressures spin out of control.

At talks among finance ministers, Greece asked the euro zone to bear with its fiscal plans as announced, and warned that last week's offer of support by EU leaders may not be enough to stem a debt market squeeze on governments in the region."

Source

So all of the talk by the various Financial reps from the various countries amounts to sweet FA ...... Procrastination reigns supreme......LOL.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #195,980
  • Feb 15, 2010 9:41pm Feb 15, 2010 9:41pm
Quoting leafarct
I hope I say that gold will melt ... : D

I think Grashid will not bother much

But IMO,

Everyone has his own reason

So i will try to understand him first instead of requoting
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