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  • #201,921
  • Feb 24, 2010 10:06am Feb 24, 2010 10:06am
Quoting FX-Petra
US and Euroland seem to be in a race to the bottom. Who's bad news can be the worst---this seems to be the new normal now. Greece about to default, mr. Euro? We'll see your default and raise you a crushed American Dream (home ownership). I guess you can laugh to keep from crying, or drink to kill the pain. Either way, it is really sad to see what a sorry state we are in.

Regards,
Greece is a weaker member to the Euro. It's like the Northwest is to the USDollar. France and Germany are the major members. If Germany or France has dire news the impact is much more severe. I think this news over Greece could blow over but if more bad news piles up in Eurozone it will make for a stronger case but just Greece alone no. But watch out when Ben speaks! Best not to trade when uncle Ben is on.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #201,922
  • Feb 24, 2010 10:08am Feb 24, 2010 10:08am
Quoting mfoste1
shorts might be good for a few around 3748, i cant see much resistance till then
No resistance between now and 1.3750 ?

What about 1.3650..1.3680 ?

I won't wait 1.3750 to short it....i'll die boring
COT: The precious data ignored
  • #201,923
  • Feb 24, 2010 10:08am Feb 24, 2010 10:08am
Quoting X.Oden
Hi all....here's a chart showing a bounce off the trend line break...

EUR maybe heading up...it has not been able to take out the Weekly Low yet...

Lemme know your thoughts .........
Yeah, price is pinned in a particular zone if you look at the daily. Look at the weekly, though.....not there yet but setting up kind of like easy-bake. A make-or-break zone...bounce, consolidation, or penetration. I'm holding my long-term shorts and just playing the scalping action at the moment.
  • #201,924
  • Feb 24, 2010 10:08am Feb 24, 2010 10:08am
Psiholog

Understood I somehow see a serious support at 3708 where fib 23.6, this fib has worked for 4 times now on daily chart and waiting for 5th, it is 50pips higher than triangle resistance, but somehow i believe in fib power!

ok, anyway thx for the tip!
  • #201,925
  • Feb 24, 2010 10:10am Feb 24, 2010 10:10am
Quoting kuroro001
Thanks mate...hope you get green pips
Yep. I see this as a good trade too.. There should be a lot of resistance at .3650 ish.. If I had the money, I would have shorted at .3620 and .3650 like you. but i haven't been making good calls and need a winner real bad.. LOL
  • #201,926
  • Feb 24, 2010 10:10am Feb 24, 2010 10:10am
Quoting mfoste1
shorts might be good for a few around 3748, i cant see much resistance till then
i see it. Dollar bulls back, usd/chf at TL.
  • #201,927
  • Feb 24, 2010 10:10am Feb 24, 2010 10:10am
Maybe but theirs lots of hesitation


Quoting mfoste1
shorts might be good for a few around 3748, i cant see much resistance till then
  • #201,928
  • Feb 24, 2010 10:12am Feb 24, 2010 10:12am
This rise has done nothing to convince me this is anything other than a retrace of yesterdays drop, it's hit and dropped back from my 61.8 line on my Fib and now it's falling down, I'm short from 1.3605
I operate with clear definite rules, if I break them I lose BIG!
  • #201,929
  • Feb 24, 2010 10:12am Feb 24, 2010 10:12am
Quoting Kramerica
Yep. I see this as a good trade too.. There should be a lot of resistance at .3650 ish.. If I had the money, I would have shorted at .3620 and .3650 like you. but i haven't been making good calls and need a winner real bad.. LOL
You should trade some tiny lots to preserve your capital...once your capital has grown enough start trading bigger lots...that's what i have always done

Good luck
COT: The precious data ignored
  • #201,930
  • Feb 24, 2010 10:12am Feb 24, 2010 10:12am
Hey thanks...but the Sto hasn't broken the 50 line yet, still trying to push through it...

Quoting arezab
Even if buyers are ready to start, there will probably be another final sharp push down underway.

Look at the stochastic indicator of yours ... it is going to enter OB zone soon while price is still going nowhere and remaining under pressure.

Just MHO
In Charts We Trust!
  • #201,931
  • Feb 24, 2010 10:14am Feb 24, 2010 10:14am
Hey thanks for the feedback PV.

Quoting PriceVolume
Yeah, price is pinned in a particular zone if you look at the daily. Look at the weekly, though.....not there yet but setting up kind of like easy-bake. A make-or-break zone...bounce, consolidation, or penetration. I'm holding my long-term shorts and just playing the scalping action at the moment.
In Charts We Trust!
  • #201,932
  • Feb 24, 2010 10:14am Feb 24, 2010 10:14am
Quoting grandpost
I love this forum, I started here 2 days and already benefited a lot.
It was all I needed a pool of traders sorry, really sorry to say newbies; to be able to sense the sentiment of people who don't know the pulse.....and most of you are going UP...... when it is wave 2 of 3....Exactly what people are supposed to feel when there in that wave.....and then In one hour DISASTER

It's down down down Please SEARCH FORECASTS I MADE PREVIOUSly


DO NOT TRADE MY RECOMMENDATION

BUT if you are long Plz STAND ASIDE and SEE
You seem very passionate about your trade, but I have made my money for the day. Everyone does not trade the same way, and I'm sure you know that. I would like to see you make your suggestions and not insult others trader on this forum; and too better assist, you should post you chart. I support you on this forum and I know you have the right to explicate your thoughts in any manner you desire. Let us make money and use what we can from this forum... Have a vainglorious day!
Make money or go broke... its the Forex way.
  • #201,933
  • Feb 24, 2010 10:15am Feb 24, 2010 10:15am
Quoting Clouds
Ok, now that I see many calling long, I am more certain it's going down in 3 minutes.

You some kind of fortune teller? It did go down as u predicted.
Bet you must be very rich with all this ability.

cheers
  • #201,934
  • Feb 24, 2010 10:15am Feb 24, 2010 10:15am
Quoting Clouds
i see it. Dollar bulls back, usd/chf at TL.


yea im seeing that....i think there may be one more dollar drive before this trend starts....if we cant go higher lower on eu uc i ll probably take most profit here, then just reenter on mentionable pullbacks
  • #201,935
  • Feb 24, 2010 10:17am Feb 24, 2010 10:17am
FED: Bernanke testimony continues with nothing remotely mkt moving. He
discussed the DR hike, said tighter bank lending standards are justified
in some cases, and discussed the weak jobs mkt.

Provided by: Market News International
Trade on your own risk Plan your trade&trade your plan dont be a
  • #201,936
  • Feb 24, 2010 10:17am Feb 24, 2010 10:17am
Quoting kuroro001
You should trade some tiny lots to preserve your capital...once your capital has grown enough start trading bigger lots...that's what i have always done

Good luck

Just wondering where the 1.3620 number came from, just trying to understand.

regards
  • #201,937
  • Feb 24, 2010 10:21am Feb 24, 2010 10:21am
Quoting Fxmastersclb
You seem very passionate about your trade, but I have made my money for the day. Everyone does not trade the same way, and I'm sure you know that. I would like to see you make your suggestions and not insult others trader on this forum; and too better assist, you should post you chart. I support you on this forum and I know you have the right to explicate your thoughts in any manner you desire. Let us make money and use what we can from this forum... Have a vainglorious day!

I am only saying what the BIG DOGS THink of Us they are probably scanning this forum to go just the opposite
  • #201,938
  • Feb 24, 2010 10:21am Feb 24, 2010 10:21am
I would say 1.3445 as the initial stop - and I have a feeling that this drop might be a one-liner - till then, its ranging. 200EMA is below the price on 15M, on 1H it is above the price. But 1H shows the rate wedged between a lot of hurdles, so the move down might be a break-out. Still a lot of patience required.
  • #201,939
  • Feb 24, 2010 10:21am Feb 24, 2010 10:21am
Quoting john2301
You some kind of fortune teller? It did go down as u predicted.
Bet you must be very rich with all this ability.

cheers
seems to happen a lot lately, very good at identifying trends.
  • #201,940
  • Feb 24, 2010 10:23am Feb 24, 2010 10:23am
Quoting X.Oden
Hey thanks...but the Sto hasn't broken the 50 line yet, still trying to push through it...
I didn't mean that an oscillator needs always to enter over 80 zone to be mean OB ... just look at it's current pattern.

from my experience such patterns can be very badly a continuation sign. Even the current state of sto (below 50) and price not being able to rise accordingly is a sign of further weakness coming. If you look just at the indicator only, it could be very deceiving to enter long. For me I'll wait for a convincing confirmation.

JMO
Discipline + Patience - Fear - Greed = Success
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