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  • #212,021
  • Mar 17, 2010 12:22am Mar 17, 2010 12:22am
Quoting realjumper
Yen is maing a run for it...missed the chance on that one
EJ will hit a road block in 30-40 pips.
  • #212,022
  • Mar 17, 2010 12:22am Mar 17, 2010 12:22am
Quoting Clouds
that's why we need massive deflation, so they can buy their home for a nickel.
Massive dollar deflation wouldn't mean cheaper anything. Actually with all of these currencies I think right now it is a race to the bottom. Last one on the downhill train loses.
  • #212,023
  • Mar 17, 2010 12:24am Mar 17, 2010 12:24am
Quoting traderpinoy
dont you think short trade becoming overcrowded?

over crowded ? the only ones left short are you and Woo ...lol

no seriously .. look back at my posts of the last 4 weeks. Someone has been accumulating longs for 5 weeks now. All dips on 4 hour charts being bought.
Blogging daily now at www.volume.zone
  • #212,024
  • Mar 17, 2010 12:28am Mar 17, 2010 12:28am
Morning to all . strange I see my shorts , anti-trend taken last still active while I took them as confirm loss.price 1.3788 , ok , not yet 1.3796.
if up to 1.3812 50% fibs (old of impulse1-5)level or so also welcome , price do behave strong bullish in nature before breaking down finally . may do few times though.
In most tf price at this high level failed to continue whatever setup or cd they doing & all cases new setups underway,normalisation only by retracing appropriately before the up can play if not want break all previous nature of pa. let it do what next.
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #212,025
  • Mar 17, 2010 12:29am Mar 17, 2010 12:29am
Quoting redroadking
Massive dollar deflation wouldn't mean cheaper anything. Actually with all of these currencies I think right now it is a race to the bottom. Last one on the downhill train loses.
It's common since, that when inflation happens, prices go up for assets. Deflation would, mean dollar appreciation. Point is, you don't want your house and assets to become worth nothing, but it's needs to happen for the next generation to be able to afford assets. So you care about the next generation, but not if it meant your assets would go down in value.. Right.
  • #212,026
  • Mar 17, 2010 12:30am Mar 17, 2010 12:30am
Quoting redroadking
A lower trade deficit is your criteria ?
I'm worried that my kid and grandkids are going to be able to feed themselves. We spent (borrowed) $800 billion on a "stimulus" plan that has given us worse unemployment that he said would happen if we did NOTHING, and now a takeover of 1/7 of the economy that they are trying to tell us will LOWER the deficit..... all the while still pimping the global warming BS and cap and trade to the tune of hundreds of billions. The only way you will see a lower trade deficit is to have USD - 50........which is probably...
seems like a lot of money.. were you this mad about 8 trillian? hell when we deflated the dollar we were sending 700 billion to the mid east. they were sending air mail back to u.s paid for by us consumers. hell 800 billion is peanuts. and it was spent because of past fu. so maybe we could add it too the 8 trillian. seems your mad cause the house was on fire and its gonna take more water then they thought to put it out.

were you this mad when they said. mission acomplished and later asked for hundreds of billions more and thousands more body bags? place blame at the source.
those who can, do. those who cant, talk about those who can
  • #212,027
  • Mar 17, 2010 12:31am Mar 17, 2010 12:31am
Quoting fontu
Morning to all . strange I see my shorts , anti-trend taken last still active while I took them as confirm loss.price 1.3788 , ok , not yet 1.3796.
if up to 1.3812 50% fibs (old of impulse1-5)level or so also welcome , price do behave strong bullish in nature before breaking down finally . may do few times though.
In most tf price at this high level failed to continue whatever setup or cd they doing & all cases new setups underway,normalisation only by retracing appropriately before the up can play if not want break all previous nature of pa....
so far since fomc we have not seen one lower hourly low. in fact price went sideways and now the hourly lows are higher last 3 hours. This has the making of a pop to 1.3850
Blogging daily now at www.volume.zone
  • #212,028
  • Mar 17, 2010 12:32am Mar 17, 2010 12:32am
Quoting Clouds
that's why we need massive deflation, so they can buy their home for a nickel.
Here's what I am afraid my grandkids might be doing in a year or so.....playing with stacks of paper money like they did in Weimar.
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  • #212,029
  • Mar 17, 2010 12:33am Mar 17, 2010 12:33am
Quoting Clouds
EJ will hit a road block in 30-40 pips.
my tp on it is 125.15 ej
those who can, do. those who cant, talk about those who can
  • #212,030
  • Mar 17, 2010 12:34am Mar 17, 2010 12:34am
Quoting redroadking
Here's what I am afraid my grandkids might be doing in a year or so.....playing with stacks of paper money like they did in Weimar.
Doubt that's gonna happen. Paper money is outdated. There's less than 1 Trillion USD in circulation. Now it's all done through electronic transfers. Maybe they'll be stacking credit cards
  • #212,031
  • Mar 17, 2010 12:35am Mar 17, 2010 12:35am
A closer look at the Daily flag's will show a distinct difference between the two of them. I would like them both to end in a massive fall but there are many other reasons to have a little concern here...

A big one being the weekly Fibs that it bounced on as if it's just a pull back from the last move up that topped around 1.5150 late last year...

We're in a critical area so we'll just have to see what price brings us during London.
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  • #212,032
  • Mar 17, 2010 12:39am Mar 17, 2010 12:39am
Quoting mmccormac
A closer look at the Daily flag's will show a distinct difference between the two of them. I would like them both to end in a massive fall but there are many other reasons to have a little concern here...

A big one being the weekly Fibs that it bounced on as if it's just a pull back from the last move up that topped around 1.5150 late last year...

We're in a critical area so we'll just have to see what price brings us during London.
true.. maybe a rounded top will form at 13800 ") short-term looks good for 140 pips or so though
  • #212,033
  • Mar 17, 2010 12:42am Mar 17, 2010 12:42am
Quoting gatorinla
seems like a lot of money.. were you this mad about 8 trillian? hell when we deflated the dollar we were sending 700 billion to the mid east. they were sending air mail back to u.s paid for by us consumers. hell 800 billion is peanuts. and it was spent because of past fu. so maybe we could add it too the 8 trillian. seems your mad cause the house was on fire and its gonna take more water then they thought to put it out.

were you this mad when they said. mission acomplished and later asked for hundreds of billions more and thousands more body...
First of all I don't know what 8 trillion you are talking about, but that amount is nothing compared to the 80 trillion or more we have in unfunded liabilities in SS, Medicare/Medicaid along with the debt. I'll even give half of the '09 deficit to W, and EVERY ONE of Obama's deficits in the coming 8 years will be much higher than W's. But of course......that is W's fault too.

The "Mission Accomplished" was appreciation of the troops. PERIOD. It was never said that the job was done. But through your hatred you wouldn't understand that.

I'm done. Enjoy the Kool Aid.
  • #212,034
  • Mar 17, 2010 12:42am Mar 17, 2010 12:42am
Quoting malcolmb14
so far since fomc we have not seen one lower hourly low. in fact price went sideways and now the hourly lows are higher last 3 hours. This has the making of a pop to 1.3850
Yeah , ,if price go above 1.3820 & hold will long for 1.3896 to have weekly support there again if hold to 1.4216.
Thats my plan.waiting clear this pa present levels how it be done.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #212,035
  • Mar 17, 2010 12:42am Mar 17, 2010 12:42am
Quoting Clouds
true.. maybe a rounded top will form at 13800 ") short-term looks good for 140 pips or so though

True... If you look at that chart I posted you will see it was the 26.3% fib that kept stopping it on the daily until it finally broke down. Let's hope the same happens here around the 50%.

If we get daily closes above the 50% then I'll begin to change my bias from short to long though.

Edit: fib levels.
  • #212,036
  • Mar 17, 2010 12:45am Mar 17, 2010 12:45am
Quoting mmccormac
A closer look at the Daily flag's will show a distinct difference between the two of them. I would like them both to end in a massive fall but there are many other reasons to have a little concern here...

A big one being the weekly Fibs that it bounced on as if it's just a pull back from the last move up that topped around 1.5150 late last year...

We're in a critical area so we'll just have to see what price brings us during London.
the other thing is the volumes .. they seem alot higher this time all thru this base .. and in reality it is not so much of a flag , more like a rounded bottom

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  • #212,037
  • Mar 17, 2010 12:48am Mar 17, 2010 12:48am
Quoting malcolmb14
the other thing is the volumes .. they seem alot higher this time all thru this base .. and in reality it is not so much of a flag , more like a rounded bottom

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Well I know you're right but it kind of could be argued for a flag if you're a long term short holder. If you're long then no it isn't a flag it's a rounded bottom and going waaay up!
  • #212,038
  • Mar 17, 2010 12:53am Mar 17, 2010 12:53am
Well, GU broke down, Ill go ahead and predict it's over for EU longs (for this daily candle at least.)
  • #212,039
  • Mar 17, 2010 12:57am Mar 17, 2010 12:57am
short! short! short!
  • #212,040
  • Mar 17, 2010 1:02am Mar 17, 2010 1:02am
Quoting 2+2=4ex
short! short! short!
I have a short in play from 3785 with a SL at 3790! I know the stop is super tight but I have seen frankie go north more that I've seen it go south....fwiw
Doing what you like is Freedom. Liking what you do is Happiness.
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