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  • #210,781
  • Mar 13, 2010 5:16pm Mar 13, 2010 5:16pm
Quoting jsspmk
Weekly trend isn't over & that's all there is to it.
ok ...that is final then. ..lol

Please explain to me why eu will NOT retrace to 1.4100 to 1.4500 .

I do not think you can and that is why this very final statement.
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  • #210,782
  • Mar 13, 2010 5:21pm Mar 13, 2010 5:21pm
Nice post.

Also record short position , if true , would be so easy to put a squeeze on . Result could be 1000 pip weeks x 2. Who would be behind it ... Soros of course. lol let's blame him

The EU bottom in 2008 was easy to short squeeze , result was 2000 pip. This was due to record sells

Quoting Artcritique
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...
Blogging daily now at www.volume.zone
  • #210,783
  • Mar 13, 2010 5:28pm Mar 13, 2010 5:28pm
Interesting 1.3740 is line in the sand

Attached Image (click to enlarge)
Click to Enlarge Name: chart1965.png Size: 187 KB
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  • #210,784
  • Mar 13, 2010 5:41pm Mar 13, 2010 5:41pm
Quoting taomql4
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,...
you are right me too i dont care much about markets situation in fact i dont know how to read it and make decision via its analys but i see that most time the previsions are not like we are waiting for so like you said i me too i prefer follow my chart
  • #210,785
  • Mar 13, 2010 6:24pm Mar 13, 2010 6:24pm
Quoting malcolmb14
ok ...that is final then. ..lol

Please explain to me why eu will NOT retrace to 1.4100 to 1.4500 .

I do not think you can and that is why this very final statement.
I have weekly trend on my side, you have a daily bounce. I will agree that nothing is definite, but highly unlikely is quite appropriate. You are going against a trend with conviction of a kamekaze, good luck.
Prices oscillate, trends persist. Trend is your friend.
  • #210,786
  • Mar 13, 2010 7:01pm Mar 13, 2010 7:01pm
Quoting jsspmk
I have weekly trend on my side, you have a daily bounce. I will agree that nothing is definite, but highly unlikely is quite appropriate. You are going against a trend with conviction of a kamekaze, good luck.

I also have VSA on my side ....
Blogging daily now at www.volume.zone
  • #210,787
  • Mar 13, 2010 7:20pm Mar 13, 2010 7:20pm
Quoting malcolmb14
Nice post.

Also record short position , if true , would be so easy to put a squeeze on . Result could be 1000 pip weeks x 2. Who would be behind it ... Soros of course. lol let's blame him

The EU bottom in 2008 was easy to short squeeze , result was 2000 pip. This was due to record sells

exactly,this is what big money does....they wait till everyone and their brother is short then run the opposite way lol its how they make money. so if there is a winner for every loser in the market, then why would everyone trade the same way and big money keep shorting when all the weak shorts are still in the market?!?!....i trade what the market tells me, and a squeeze is definetly in the cards >1.41....future relies on the probability of history repeating itself
  • #210,788
  • Mar 13, 2010 8:48pm Mar 13, 2010 8:48pm
I think ıt'll go 1.4500
  • #210,789
  • Mar 13, 2010 9:56pm Mar 13, 2010 9:56pm
Quoting udras
I think ıt'll go 1.4500
1.4500 is a lot, if euro sustainly break out the 1.38 level and stay above.. bullish scenario got to be limited at the early 1.4xx levels.. 1.4025 first and 1.4250 next! all in all.. trend got to remain down and new lows should be seen this year!
Fay All Time Return: -98.7%
  • #210,790
  • Mar 13, 2010 10:09pm Mar 13, 2010 10:09pm
Quoting malcolmb14
Interesting 1.3740 is line in the sand

Attachment
Why do you say that? 3740 looks like a random line. What is special about 3740?
  • #210,791
  • Mar 13, 2010 10:25pm Mar 13, 2010 10:25pm
  •  MarkH
  • | Joined Oct 2009 | Status: "Show Me The Money" - Jerry McGuire | 222 Posts
Quoting zarraman
Why do you say that? 3740 looks like a random line. What is special about 3740?
It's the trendline he's drawn under the price....
  • #210,792
  • Mar 13, 2010 10:27pm Mar 13, 2010 10:27pm
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..
wtf is with drawing trendlines on a logarthmic chart?
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
  • #210,793
  • Mar 13, 2010 10:41pm Mar 13, 2010 10:41pm
Quoting mfoste1
exactly,this is what big money does....they wait till everyone and their brother is short then run the opposite way lol its how they make money. so if there is a winner for every loser in the market, then why would everyone trade the same way and big money keep shorting when all the weak shorts are still in the market?!?!....i trade what the market tells me, and a squeeze is definetly in the cards >1.41....future relies on the probability of history repeating itself
If you were one of the big hands, wouldn't you want the shorts to help you push the market higher by short covering? What was it 2 weeks ago and all the news was about record shorts in the Euro? Cripes, when you see that count me out of the short side! If the shorts come back en masse around a pullback in here, the Euro will use that to push up to the next level and so the cycle goes until we're too fat on the long side..
  • #210,794
  • Mar 13, 2010 10:53pm Mar 13, 2010 10:53pm
So far daily is not that strong, I don't understand why so many believe we are going above 1.4, just because Greece will get a loan now? Because shorts will run for the hills seeing a green candle? Euro is in a bear phase & will remain so until higher resistance is taken & price settles above it. Stop getting aroused about a possibility of a bounce in a down trend, might as well wait & short, rather than buy against the trend. Look how MACD has been rising on USD monthly chart, doesn't that say anything to you?
Prices oscillate, trends persist. Trend is your friend.
  • #210,795
  • Mar 13, 2010 11:40pm Mar 13, 2010 11:40pm
IMO, EUR is overdue for a retrace, the only reason why i was looking for shorts (mainly) on Friday, was because i anticipated one more break of the lows before a reverse for a retrace (long).
It did become apparent, by the way that train was breaking levels, that the bulls were too strong....
I did notice a comment earlier by one of the traders about weekly perceptions, but for all intended purposes this forum really is more about intra day action than anything else.
However, both the daily and weekly charts are most definitely providing evidence of a bottoming out, by way of candle formations, which by the way i learned to not pay too much attention to, normally.
Biggest joker
  • #210,796
  • Mar 13, 2010 11:43pm Mar 13, 2010 11:43pm
JSSPMK, you don't trade the FDAX or other indices anymore?
It was a volatile contract, but i liked its moves.
Biggest joker
  • #210,797
  • Mar 14, 2010 1:27am Mar 14, 2010 1:27am
You guys could be weighing the good US economy data from Friday, China premier's message to keep USD strong, EU committment to Greece. It looks like both weak currencies have to keep their nose up for now. So there will be tough fight.

EU closed with H1 candle trying to break the daily resistance at 1.3768. If it succeeds in the Asian session, then the next stop is weekly resistance at 1.39. I will wait till 1.38 to go long on this pair.
Any comments?
Attached Image (click to enlarge)
Click to Enlarge Name: EU-Daily-PipMaxzz.JPG Size: 106 KB
  • #210,798
  • Mar 14, 2010 1:29am Mar 14, 2010 1:29am
http://www.telegraph.co.uk/finance/f...or-Greece.html

this news of the rescue money for Greece must have been the buzz in euro's uptick Friday. Will there be anything left of it by Monday?

Or will China's stall on monetary policy change help the USD?

http://www.bloomberg.com/apps/news?p...ZqvVfRqw&pos=1

"March 14 (Bloomberg) -- Chinese Premier Wen Jiabao rebuffed calls for the yuan to appreciate and sought assurances that the U.S. will protect the value of China’s dollar assets..."


...hmmmm, rebuff, or bluff..?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #210,799
  • Mar 14, 2010 1:35am Mar 14, 2010 1:35am
Quoting TheLastCoke
This could be the road .3687>.3876>.3440.

See why:

http://www.forexfactory.com/showpost...&postcount=233

LC,

How do you decide where to put your 100 and 0% on those fan fibs? I haven't really used those much but am curious to know if you can help me out. I see it's pretty obvious where to put the top "point' but then how do you decide where to put the "fan" end of the fib? Do you pull it down to the bottom of the move like a normal fib? But then how do you decide where to put it horizontally?

Thank you for any help,

Donnie

P.S. Chicky, I've been praying for you these last couple of days bro. I hope all is well with your health.
  • #210,800
  • Mar 14, 2010 3:01am Mar 14, 2010 3:01am
[quote=The Fool;3548976]http://www.telegraph.co.uk/finance/f...or-Greece.html

this news of the rescue money for Greece must have been the buzz in euro's uptick Friday. Will there be anything left of it by Monday?

quote]

i have short E/U with StopLoss. With Oanda. How to cansell stoploss b4 market opens? Emergengy answer please.
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