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  • #210,761
  • Mar 13, 2010 11:47am Mar 13, 2010 11:47am
Quoting taomql4
http://www.youtube.com/watch?v=XcI-rHO0yko
Makes me hate people even more, but good vid
  • #210,762
  • Mar 13, 2010 11:56am Mar 13, 2010 11:56am
i wouldn't care less if Greece got obliterated off the map or they stumble upon a new source of oil. just trade the chart, up or down who cares...

fundamentals doesn't matter, trade what you see

Quoting auxesis
All then paid analysts have to have a reason, it's hard to justify your paycheck saying the euro went here, or the dollar gained strength without a reason why, even if that reason is pulled out of their back sides.
  • #210,763
  • Mar 13, 2010 12:00pm Mar 13, 2010 12:00pm
what ever it is ..am still holding my EU for my 1.415-1.42-1.43 area base on my USDCHF...but will take end a few of them ~ 1.3850-1.39 before befoe adding more to that 1.4X area

happy weekend....

gold?

..1096-1093 then retrace up back to 1109-1111 or little bit higher at 1113area before drop back? let c what happen..

g
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  • #210,764
  • Mar 13, 2010 12:06pm Mar 13, 2010 12:06pm
Inserted Video


Another remix
  • #210,765
  • Edited 2:58pm Mar 13, 2010 12:08pm | Edited 2:58pm
This could be the road .3687>.3876>.3440.

See why:

http://www.forexfactory.com/showpost...&postcount=233
  • #210,766
  • Mar 13, 2010 12:09pm Mar 13, 2010 12:09pm
Quoting mfoste1
very probable, i was saying this a while ago....it almost looks as if market was pricing this in hence rounded bottom. It was on every news feed, "speculators buildup massive bets against the euro"........please. If that were true when they were saying it eu would have broke 1.34 and headed down. All the while, they were spouting this nonsense, smart money was exiting shorts and accumulating longs(as you said)....next week will be interesting, commodities are ready for a fall. Eur/Aud ,Eur/Cad,Eur/Nzd longs looking very attractive to me considering...


Quoting taomql4
Still buying dips.......

BTW, can't believe people are here apologizing for soros..lol,

Trust me , Good ole georgie will be fine, the question is: How much
do your trust your charts and what you are actually seeing.
Gees, i sure hope soros doesn't get kicked off the forbes list Next year..lol

Ps-- don't really like my last BUY, am sure volume Traders understand!!!
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  • #210,767
  • Mar 13, 2010 12:17pm Mar 13, 2010 12:17pm
Weekly trend isn't over & that's all there is to it.

Quoting malcolmb14
In your 11 years of trading did you ever notice how the markets are played ?

What if they wanted to load up on euro at a lower price for the long term ? What if this is just testing of that break out level 1.3500. How would they do this ? One way would be 'Greece has issues'

I posted last week how Greece could drop off the face of the earth and Eurozone would hardly even get a dent in their GDP.

Maybe the Greece fiasco was used just to manipulate the euro lower .. sure looks like it in the weekly volumes.

So with that in mind , gold...
Prices oscillate, trends persist. Trend is your friend.
  • #210,768
  • Mar 13, 2010 12:54pm Mar 13, 2010 12:54pm
"the euro zone cannot afford another Greece."
European Union leaders fear that pressure brought on Greece by financial markets could spread to countries such as Italy, Portugal and Spain, placing the 16-nation eurozone in peril.

Any country seeking aid could first see EU funding for roads and other infrastructure cut off, their voting rights within the eurogroup of finance ministers suspended, and fines imposed.
If the country were unable to get its finances in order, it "should, as a last resort, exit the monetary union while being able to remain a member of the EU," Schaeuble said.

Greece was granted eurozone admission after it submitted data widely believed to have been misrepresented.
just reading more , Greece or like Greece problem will not be over any soon ? and eu going up , may be surge up , not comfortable with that , a headfake for sure ?
http://arabia.msn.com/News/economy/A...3.aspx?ref=rss
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #210,769
  • Mar 13, 2010 12:58pm Mar 13, 2010 12:58pm
Quoting jsspmk
Weekly trend isn't over & that's all there is to it.
Monthly trend isn't over & that's all there is to it. All time high to all time low 50% is at 1.2131 and we are above it.
  • #210,770
  • Edited 1:32pm Mar 13, 2010 1:16pm | Edited 1:32pm
[quote=vdeluca;1388]Pretty shitty 100 pip profit vanished on Tuesday. Re-entered long; up 75 pips -- that vanished as well. Then entered short @ 1914. Stopped out @1944 for another 30 pip hit. I cannot afford to keep allowing profitable trades turn into losses, waiting for the 150 pip target according to the 5MFX system. From now on I am going to have to start taking profits whenever I have them. [/Hello vdeluca, another way you ca do it is, if you are confident with your trade you could open 2 trades close the first in good profit and let the second run with tight S/L. Just a thought!]
  • #210,771
  • Mar 13, 2010 1:17pm Mar 13, 2010 1:17pm
Quoting nvcK
Monthly trend isn't over & that's all there is to it. All time high to all time low 50% is at 1.2131 and we are above it.
Ok, so why we didn't take out 1.6? Your move
Prices oscillate, trends persist. Trend is your friend.
  • #210,772
  • Mar 13, 2010 1:31pm Mar 13, 2010 1:31pm
Quoting jsspmk
Ok, so why we didn't take out 1.6? Your move
I have no idea. If I had one, I could be wrong. Why risk that? Until we take out 1.6 or the 10/08 low at 1.233 (200 pips from the mentioned global pivot, coincidence of course ), you could call it a consolidation, but not a downtrend.

However, I am sure people with short conviction can make just as many pips as me if they pick their entries correctly.
  • #210,773
  • Mar 13, 2010 1:58pm Mar 13, 2010 1:58pm
You said monthly trend isn't over & I am saying it is exactly because 1.6 wasn't taken out as price failed 1000 pips below it we have a technical failure swing on the monthly chart, weather this bounce & Euro will Continue going down as wekkly trend is down. Price discovery study points to 1.4 serving as next failure to where Euro will not return for many months. They don't want high Euro, simples!
Prices oscillate, trends persist. Trend is your friend.
  • #210,774
  • Mar 13, 2010 2:37pm Mar 13, 2010 2:37pm
Quoting jsspmk
They don't want high Euro, simples!
Right, likewise Feds don't like high dollar, and guess what, since USA

accountable for more than 50% world-wide DEBT, guess who's going to

win weakest currency contest..

Check USDCAD it's almost at parity now. AUDUSD? near by and USDCHF

moving in the same direction. Welcome back to 2007. Place your USD short

and go fishing for few month, collect cash later, uncle Ben will take care of the rest

(adding Ink to printers and stuff)..

P.S:

Also check EURCHF almost all time low, this nonsense not sustainable EUR

should correct upward.. Shortly.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #210,775
  • Mar 13, 2010 2:38pm Mar 13, 2010 2:38pm
Quoting fontu
....just reading more , Greece or like Greece problem will not be over any soon ? and eu going up , may be surge up , not comfortable with that , a headfake for sure ?
http://arabia.msn.com/News/economy/A...3.aspx?ref=rss

Strong euro? Or weak dollar? Europe doesn't need a strong euro now like USA doesn't need a strong $ now. Are there political motivations to strengthen either currency? Always. Today, I would suggest they are stronger in the USA than in the EMU.

And traders move the rate. Thats what they get paid to do. Did they accumulate massively @ 1.3500 so they can now dump for big profits off this run-up? Some think so. Maybe the same thing will happen in reverse now - off of 1.3850...1.40...1.45? Can we predict? Probably not. Probably best that can be done is to recognize what is happening in the moment. And act accordingly.

Unless you are a scalper like me. 15-20 pip movements on the M5 chart either way and I'm making money and the great drama of the nations is just noise.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #210,776
  • Mar 13, 2010 2:52pm Mar 13, 2010 2:52pm
Quoting The Fool
Unless you are a scalper like me. 15-20 pip movements on the M5 chart either way and I'm making money and the great drama of the nations is just noise.
That's why I turn into scalper too. BS changing too quickly. I don't want to
get caught with my pants down in any position overnight while another Dubai
or Greece pops up suddenly.. Quickly in and out, that's the plan.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #210,777
  • Edited 3:13pm Mar 13, 2010 3:02pm | Edited 3:13pm
Quoting SkyzerFX
Right, likewise Feds don't like high dollar, and guess what, since USA

accountable for more than 50% world-wide DEBT, guess who's going to

win weakest currency contest..

Check USDCAD it's almost at parity now. AUDUSD? near by and USDCHF

moving in the same direction. Welcome back to 2007. Place your USD short

and go fishing for few month, collect cash later, uncle Ben will take care of the rest

(adding Ink to printers and stuff)..

P.S:

Also check EURCHF almost all time low, this nonsense not sustainable EUR

should correct...
Welcome to the Dark-side sky, welcome to the rally to end all rallies. welcome to DJ 20,ooo................
Inserted Video
  • #210,778
  • Mar 13, 2010 3:17pm Mar 13, 2010 3:17pm
I guess your post is as good as any to tag onto Malcolm.

It is not possible to believe any pubic statements completely. Right up to the close of the markets, different people were bleating "Greece doesn't need a bailout"...! Doh! You are certainly correct that all the markets are "Played". All of us are played in nearly every aspect of our lives by someone wanting to control what we think and do.

The question here is; who stands to benifit and how, by their blatant lies? Also, will this totally discredit E commision in the eyes of the world? I have no doubt that the missdirection had everything to do with getting the 6.5 billion of Greek bonds unloaded into sombody else's unwiting hands.

But, nearly everyone is aware that this 25 billion, is nowhere near the end of it. First Greece needs to quickly raise an additional 25+ billions. Portuagal may or may not be ok with their austerity plan, I don't know much about Portugal and their economy. However, there are leaks in the bucket everywhere. The Iceland default won't be repaid in our lifetimes, There is about 25 billion of "municipal' default at risk in Italy alone, Spain is a larger question mark, Ireland looms and Britain is in no position to do much for them they have enough of their own problems. And then we have the recent additions in Eastern Europe which have been totally swept under the rug.

Another poster mentioned Greece as having been "over played", it probably was. However, this was merely a different sort of game. Call it "waving the left hand", a typical conjuror's or politician's trick, of missdirecting the viewer's attention away from the real problem.

I don't know what will happen when the markets reopen. I know what should happen: the Euro should fall wildly. Will it? That depends on whether the stories of the record short positions are true, and partly on who holds these alleged shorts.


Quoting malcolmb14
In your 11 years of trading did you ever notice how the markets are played ?

What if they wanted to load up on euro at a lower price for the long term ? What if this is just testing of that break out level 1.3500. How would they do this ? One way would be 'Greece has issues'

I posted last week how Greece could drop off the face of the earth and Eurozone would hardly even get a dent in their GDP.

Maybe the Greece fiasco was used just to manipulate the euro lower .. sure looks like it in the weekly volumes.

So with that in mind , gold heading...
Ah Luv the smell of a good prediction in the mornin!
  • #210,779
  • Mar 13, 2010 3:18pm Mar 13, 2010 3:18pm
Quoting taomql4
Welcome to the Dark-side sky, welcome to the rally to end all rallies. welcome to DJ 20,oooo................
Thanks, but what most people don't realize, even with DOW @ 20000, if

we take devaluation/inflation of USD into consideration then DOW has been

in the bear market

since 2000.. So, even if Dow goes to 20000 $USD wise, it still be off in real value about

70% (DOWN) since year 2000.

Check this chart out That the REAL DOW "RALLY".

This chart not exactly, but pretty much looks like USDx..
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Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #210,780
  • Edited 4:49pm Mar 13, 2010 4:13pm | Edited 4:49pm
Quoting SkyzerFX
Thanks, but what most people don't realize, even with DOW @ 20000, if

we take devaluation/inflation of USD into consideration then DOW has been

in the bear market

since 2000.. So, even if Dow goes to 20000 $USD wise, it still be off in real value about

70% (DOWN) since year 2000.

Check this chart out That the REAL DOW "RALLY".

This chart not exactly, but pretty much looks like USDx..
Unfortunately sky, mere mortals(clients), don't care for correlations as much as we do. They are more obsessed with the 70 % Gain on their account at the moment(since march). I just see alot of hedgefunds managers getting the shaft, if they keep fighting this thing with fundies..You know, the double dippers..lol

Mal is Right, the best thing to do is just follow your charts , lots of things don't make sense now. Saw crude oil going up the other day..LMAO, i mean , who the f** is going to support those prices in the real economy. But Hey, things are fantastic again.Right? RIIGGHT

Right now , i just do what the chart tells me to do. if fundamentals are all
over the place , i think charts reveal what majority are thinking or what they plan on doing..anyways.

march:
Quoting taomql4
-BTW-

This is how Billionaires are created folks...........
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