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  • #211,861
  • Mar 16, 2010 4:03pm Mar 16, 2010 4:03pm
Trade the chart ...

those that were GU bearish yesterday may have lost 150 pip plus today.

Markets are very volatile and movements are extreme both ways,.

You think euro has crisis ??? Have you ever seen the USA debt clock ? how do they deal with it .. print money of course.

US total debt per family is 690k ... total income per famil;y 68k ... now who has issues ? lol


http://www.usdebtclock.org/

holy crap .... did you look on right hand side of this ... tax base 109 million , offical unemployed 14 mill actual 29 mill....that is 26% .... damn not even Spain is that bad !!! My mate wh0 is in the know on this stuff said that the unemployement rate in US was something like 22% , this is due to the fact that you can only claim unemployment for 6 months , after that you drop off the radar. So those that have not found work in 6 months are not reported in the numbers....


Quoting kingfisher
I am euro bearish and dollar bullish- euro economy problems and us economy strengths.

Remember the yearly change in trend on dec 3/4 after NFP data was based on the premise that US economy is improving.

The euro crisis is fuel in the fire.

However in a day trading set up, technicals works better. So, After FOMC, we have to see where E/U will go- Above R 1 or below R 1

But generally above R 1 the buyers are in short supply. So after FOMC, we can go down.
Blogging daily now at www.volume.zone
  • #211,862
  • Mar 16, 2010 4:21pm Mar 16, 2010 4:21pm
Quoting malcolmb14
Markets are very volatile and movements are extreme both ways

....
Say what? A 60 pip range @ the FOMC, 150 pips on the week so far - thats volatility?

Aren't you missing the geppy yet?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #211,863
  • Mar 16, 2010 4:26pm Mar 16, 2010 4:26pm
Quoting malcolmb14
Trade the chart ...

those that were GU bearish yesterday may have lost 150 pip plus today.

Markets are very volatile and movements are extreme both ways,.

You think euro has crisis ??? Have you ever seen the USA debt clock ? how do they deal with it .. print money of course.

US total debt per family is 690k ... total income per famil;y 68k ... now who has issues ? lol


http://www.usdebtclock.org/

holy crap .... did you look on right hand side of this ... tax base 109 million , offical unemployed 14 mill actual 29 mill....that...
Well
You are right BUT USA still the no1 Power on the world which mean in my view they control everything so far

Let's see where the week will close then we can talk

PS: I will bookmark this page for the record to see what will happen next months :-)
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  • #211,864
  • Mar 16, 2010 4:44pm Mar 16, 2010 4:44pm
Quoting The Fool
Say what? A 60 pip range @ the FOMC, 150 pips on the week so far - thats volatility?

Aren't you missing the geppy yet?
nope 60 pip suits me just fine ..... double or treble size though , 20 pip stops
Blogging daily now at www.volume.zone
  • #211,865
  • Mar 16, 2010 4:49pm Mar 16, 2010 4:49pm
Massive bounce is very unlikely as seen back in late 2008/2009, apart from fundamentals, please have a look at how price is behaving near the moving averages now & then, for big bounces we need to see deep runaway sell offs, that is not present this time, so far on the weekly chart it's been a rather 'controlled' step & ladder down trend. Come next week we should see start of another leg down towards 1.3

http://www.dormantrading.com/TraderT...nsity=M&data=W
Prices oscillate, trends persist. Trend is your friend.
  • #211,866
  • Mar 16, 2010 4:51pm Mar 16, 2010 4:51pm
Quoting malcolmb14
Trade the chart ...

those that were GU bearish yesterday may have lost 150 pip plus today.

Markets are very volatile and movements are extreme both ways,.

You think euro has crisis ??? Have you ever seen the USA debt clock ? how do they deal with it .. print money of course.

US total debt per family is 690k ... total income per famil;y 68k ... now who has issues ? lol
You're right, but I don't think it's quite that simple. USA is "United". EZ clearly isn't, and never will be. Making the comparison with Spain just doesn't fly....it's apples and oranges. USD is the still the reserve currency, oil is traded in USD etc etc etc......Further, although they have made some gigantic economic mistakes, as have the rest of the world, USA is taking decisive and quick measures to mitigate the fallout, with a real view to clawing their way back. Of course there is a long way to go, and printing money has it's price.....you think they didn't understand and make a strategy for that? Mugabe might not have, but Obama has. You won't see interstate rioting and disruption from the various states, but you will (already have) seen this behaviour from the EZ members...and more will come.

I'm not saying that the USA is in any better or worse shape than the EZ, but I know who my money is on to make the recovery first, and more importantly, lasting.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #211,867
  • Mar 16, 2010 4:53pm Mar 16, 2010 4:53pm
1m and 5m gaps at top....
  • #211,868
  • Edited 5:06pm Mar 16, 2010 4:53pm | Edited 5:06pm
damn thats a lot of money we owe. i tried to get a grasp on it with gdp. and its a bunch.. i dont have a firm number because it was hard to see in graph i saw... but it was much less then the 120% greece has. but i cant say u.s. has not been there in modern times. because we were. just after ww2 we were at 120%ish of gdp. then stock markets rose and we had the greatest expansion the world has ever known. will it happen again? who knows? will it happen in greece or the other piigs? who knows? if i had to bet on one over the other. it would not be.

Inserted Video

the word

if u.s. gets some balls with china gdp goes up like a rocket.
those who can, do. those who cant, talk about those who can
  • #211,869
  • Mar 16, 2010 5:10pm Mar 16, 2010 5:10pm
The update I posted before was proven. EU is right 20 pips below it previous peak 1.3795, when the price touches or breaks this level, bullish scenario can be counted as finished.

The final, fifth part of the wave on short-term TF may go till 1.3815 (according to the length of wave 1 x 1.618 Fibo level).

The chart with the updated wave count is attached in the signature link
  • #211,870
  • Mar 16, 2010 5:10pm Mar 16, 2010 5:10pm
Iam also done for the day my system gives me 140 pips today and bonsix get 100 pips
Wishing you all a good night.

Best Regards
  • #211,871
  • Mar 16, 2010 5:10pm Mar 16, 2010 5:10pm
if anyone has eurx.. pull up a weekly/monthly. pull a fib from all time high to low. see what i c..? theres your geppy..
those who can, do. those who cant, talk about those who can
  • #211,872
  • Mar 16, 2010 5:14pm Mar 16, 2010 5:14pm
Your certainly correct about the markets being volatile to the extremes however there is no possible way unemployment is 22%.
If it was believe me you would see a very different USA.

Her's the deal most people that stay unemployed do it by choice meaning they will not do low level work such as cleaning out restrooms,pumping gas, bagging groceries for min wage.
So they wait and wait with the college education for something better to come their way.
If unemployment was anywhere near 22% the US would look like India looks as a country we would be a third world country.

Happy Trading
Dean



Quoting malcolmb14
Trade the chart ...

those that were GU bearish yesterday may have lost 150 pip plus today.

Markets are very volatile and movements are extreme both ways,.

You think euro has crisis ??? Have you ever seen the USA debt clock ? how do they deal with it .. print money of course.

US total debt per family is 690k ... total income per famil;y 68k ... now who has issues ? lol


http://www.usdebtclock.org/

holy crap .... did you look on right hand side of this ... tax base 109 million , offical unemployed 14 mill actual 29 mill....that...
  • #211,873
  • Mar 16, 2010 5:21pm Mar 16, 2010 5:21pm
Quoting gatorinla
if anyone has eurx.. pull up a weekly/monthly. pull a fib from all time high to low. see what i c..? theres your geppy..
dumb question but does anyone know the euro index symbol for broco trader? They have like 500 different charts and I don't know about 80 percent of the symbols...
  • #211,874
  • Mar 16, 2010 5:23pm Mar 16, 2010 5:23pm
can we will see tomorrow 3700 on eur and 5100 on gu ?
High risk High return!
  • #211,875
  • Mar 16, 2010 5:23pm Mar 16, 2010 5:23pm
Quoting dean walker
Your certainly correct about the markets being volatile to the extremes however there is no possible way unemployment is 22%.
If it was believe me you would see a very different USA.

Her's the deal most people that stay unemployed do it by choice meaning they will not do low level work such as cleaning out restrooms,pumping gas, bagging groceries for min wage.
So they wait and wait with the college education for something better to come their way.
If unemployment was anywhere near 22% the US would look like India looks as a country we would be...
*LMAO* so are you saying restrooms arent being cleaned? and groceries arent being bagged? and gas is not being pumped?... i think your wrong.. but maybe i should fire the ones that work for me and hire some college guys. that would help the unemployment rate.
those who can, do. those who cant, talk about those who can
  • #211,876
  • Mar 16, 2010 5:25pm Mar 16, 2010 5:25pm
"President of the Chicago Fed Charles Evans indicated that the reference to low rates for an "extended period" indicated keeping them at the current near-zero level for the next 3-4 meetings (till August-September)" - source FT.com

That is a significant statement, to me that means that USD is likely to continue pricing in a rate hike until that time, if on the other hand rate will be kept the same after September, then a sharp USD sell off may follow. But until than I see USD gradually grinding its way upwards & obviously EUR down trend continuing till that happens.
Prices oscillate, trends persist. Trend is your friend.
  • #211,877
  • Mar 16, 2010 5:25pm Mar 16, 2010 5:25pm
Quoting uraceulose
dumb question but does anyone know the euro index symbol for broco trader? They have like 500 different charts and I don't know about 80 percent of the symbols...
eurx is what i have
those who can, do. those who cant, talk about those who can
  • #211,878
  • Mar 16, 2010 5:27pm Mar 16, 2010 5:27pm
Quoting uraceulose
dumb question but does anyone know the euro index symbol for broco trader? They have like 500 different charts and I don't know about 80 percent of the symbols...
I think they have EURLFX. Less currencies in the basket.
  • #211,879
  • Mar 16, 2010 5:27pm Mar 16, 2010 5:27pm
Quoting gatorinla
eurx is what i have
thx Gator. I have been clicking through each one. What level about is it atm? I don't have EURX...is it about 124.32?
  • #211,880
  • Mar 16, 2010 5:28pm Mar 16, 2010 5:28pm
Quoting uraceulose
thx Gator. I have been clicking through each one. What level about is it atm? I don't have EURX...is it about 124.32?
114.43
those who can, do. those who cant, talk about those who can
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