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  • #207,921
  • Edited 7:59am Mar 8, 2010 7:37am | Edited 7:59am
europe talking about starting a imf type fund to help ez countries. more talk. more pig lipstick. preperation H was invented for hemroids. it wasnt the other way around. as in inventing hemroids so we can use preperation H. the problem made a need for a cure.. preparation H does not cure hemroids. but it fools the mind into feeling better.
those who can, do. those who cant, talk about those who can
  • #207,922
  • Mar 8, 2010 7:38am Mar 8, 2010 7:38am
The more they talk, without actually doing anything, th more nervous people will get??

I really don't know anything. But, I would guess that the armtwisting is getting ferocious. Greece may be a small economy in the scheme of things, but can you imagine what would happen to the Euro if they pulled an Iceland? ('We can't pay the money you demand, and we aren't even gonna try'). Somebody is going to have to put some real money on the table SOON!

Quoting lowem
More from Sarkozy (French president) :
[i]"Speculators and the markets should know that solidarity means something and that, if there’s a problem, we are there,” French President Nicolas Sarkozy said in Paris yesterday after talks with Greek Prime Minister [url="http://search.bloomberg.com/search?q=George+Papandreou&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:S:d1"]George...
Ah Luv the smell of a good prediction in the mornin!
  • #207,923
  • Mar 8, 2010 7:40am Mar 8, 2010 7:40am
I don't know about you guys, but IMO that FT article is spot on & makes a strong case for Euro to keep falling. Basically high Euro will make Eurozone's problems increase. Pair that with uncertainty about Eurozone's future alliance & you ask yourself - who would want to see Euro rise?
Prices oscillate, trends persist. Trend is your friend.
  • #207,924
  • Mar 8, 2010 7:45am Mar 8, 2010 7:45am
Angella???

Quoting jsspmk
I don't know about you guys, but IMO that FT article is spot on & makes a strong case for Euro to keep falling. Basically high Euro will make Eurozone's problems increase. Pair that with uncertainty about Eurozone's future alliance & you ask yourself - who would want to see Euro rise?
Ah Luv the smell of a good prediction in the mornin!
  • #207,925
  • Mar 8, 2010 7:45am Mar 8, 2010 7:45am
Quoting redroadking
Went long at 3643, closed +20 at 3663 just before start of US....E/U always seems to drop at US start. Pending long at 3651....
3651 long was hit with tight SL. Looking at 3:1 R/R. We'll see....
  • #207,926
  • Mar 8, 2010 7:46am Mar 8, 2010 7:46am
I see a lot of people trying to convince themselves EUR will fall some more.

Im long in 1.3636 to 1.3646 zone. Stop 1.3618 (also a big pivotal number). Targeting 15 pips or so for scalps, 1.3724 for bigger moves.
  • #207,927
  • Mar 8, 2010 7:52am Mar 8, 2010 7:52am
Quoting nvcK
I see a lot of people trying to convince themselves EUR will fall some more.
I see a lot of people trying to convince themselves that the EUR will rise from here.

Truth is we ALWAYS trade based on what we think is going to happen from the moment we pull the trigger. We don't know. But with a slight edge and good money management we're profitable.
Every time you use 'hopium' in a post, God kills a kitten.
  • #207,928
  • Mar 8, 2010 7:57am Mar 8, 2010 7:57am
Quoting redroadking
I thought i read a while back that Canada needs 85 to make oil sands profitable. I was thinking 85 -95 average over US summer season.
the richest man that ever lived got this way from oil and never sold oil for over 3$ a barrel. this one guy had a worth of the u.s. yearly gdp. when he lived an ounce of gold could buy 7 barrels of oil. (sometimes more). value is perception. it depends what you compare it to. you can separate water much cheaper. oil has better uses then to burn it. if little money is to be made on water. we will continue to trade blood for oil. lots of big industrys depend on it. they have enough money to tell us this each and every day.
those who can, do. those who cant, talk about those who can
  • #207,929
  • Mar 8, 2010 7:57am Mar 8, 2010 7:57am
I'd say people try to find a fundamental reason of their trade
"I'm short euro cause Greece bla bla ble" ..... and 5mn later "I'm long euro cause bla bla bla"

I've done it as well....and all fundamentals news are totally BS and useless
COT: The precious data ignored
  • #207,930
  • Mar 8, 2010 8:00am Mar 8, 2010 8:00am
First of all , hello forexfactory.com , its my first post here .

1.3700 will be a point to go long for today ... so pay attention to that area...

until that happens i'm short ... i believe in USD . run down can't end like that ...
  • #207,931
  • Mar 8, 2010 8:01am Mar 8, 2010 8:01am
gator,

do you see euro coming down any time. im holdin my short from 3580. any idea sir.
  • #207,932
  • Mar 8, 2010 8:10am Mar 8, 2010 8:10am
Quoting nvcK
I see a lot of people trying to convince themselves EUR will fall some more.

Im long in 1.3636 to 1.3646 zone. Stop 1.3618 (also a big pivotal number). Targeting 15 pips or so for scalps, 1.3724 for bigger moves.
i need no convicing. china has already shown the world. ez will either devalue euro (germany will not allow) to enable inflation or disolve. we havent even started the first inning. longer term
those who can, do. those who cant, talk about those who can
  • #207,933
  • Mar 8, 2010 8:11am Mar 8, 2010 8:11am
If Market stays this way (positive), Dollar will continue to tank.

Where OIL is going? Never know, maybe to $90 and then $100 this time.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #207,934
  • Mar 8, 2010 8:15am Mar 8, 2010 8:15am
Quoting kuroro001
Thanks...it's ok...i won't hear his stupid posts anymore

Anyway back to work!!
Still waiting an opportunity to go long
Crap.. came back to charts.. and EU Flew up... what the hell....
nothing changed ... arrghh... atleast come down to 36445 i wanna close my charts and sleep:@
  • #207,935
  • Mar 8, 2010 8:17am Mar 8, 2010 8:17am
May be 1.51 till 1.34 was a 61.8% retracement of last year 1.24 to 1.51 movement

If thats the case, then are we seeing E/U at 1.60 !!!!
  • #207,936
  • Mar 8, 2010 8:18am Mar 8, 2010 8:18am
Quoting $maker
Crap.. came back to charts.. and EU Flew up... what the hell....
nothing changed ... arrghh... atleast come down to 36445 i wanna close my charts and sleep:@
Yeh wonder what happened....maybe some kind of position taking pre-US opening
Grr mondays suck
COT: The precious data ignored
  • #207,937
  • Mar 8, 2010 8:20am Mar 8, 2010 8:20am
Quoting gatorinla
the richest man that ever lived got this way from oil and never sold oil for over 3$ a barrel. this one guy had a worth of the u.s. yearly gdp. when he lived an ounce of gold could buy 7 barrels of oil. (sometimes more). value is perception. it depends what you compare it to. you can separate water much cheaper. oil has better uses then to burn it. if little money is to be made on water. we will continue to trade blood for oil. lots of big industrys depend on it. they have enough money to tell us this each and every day.
The only problem with that is that there is no economically viable replacement for oil right now, if there was we would be using it, and someone else would be getting rich. If an energy form can't make it without subsidies, it just ain't gonna happen. (without FORCE) The only other viable alternative as I see it right now is natural gas.
  • #207,938
  • Mar 8, 2010 8:20am Mar 8, 2010 8:20am
Quoting Artcritique
A'm just sittin here pla'in the ol jezzball waitin fur the STOOPID funny metals t' tell me which way I wanna go..lol
Me too ...waiting for a direction today but nothing clear
I should have stayed in the bed !

Good luck to you
COT: The precious data ignored
  • #207,939
  • Mar 8, 2010 8:21am Mar 8, 2010 8:21am
Quoting kuroro001
Yeh wonder what happened....maybe some kind of position taking pre-US opening
Grr mondays suck
EU sucks for me ... last 2 weeks... i have been on the wrong side.. waitinggggggggggggggggggggggggg and then closing thankfully around BE

its driving me mad
i need to stop trading EU for a bit i think!
  • #207,940
  • Mar 8, 2010 8:22am Mar 8, 2010 8:22am
Quoting $maker
EU sucks for me ... last 2 weeks... i have been on the wrong side.. waitinggggggggggggggggggggggggg and then closing thankfully around BE

its driving me mad
i need to stop trading EU for a bit i think!
Maybe you should take a rest during a week...then come back with a clearer mind...stronger
COT: The precious data ignored
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