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  • #212,141
  • Mar 17, 2010 3:21am Mar 17, 2010 3:21am
I'm posting alternate view on short-term development of the latter bullish wave, as shown at 5min chart.
Though the 1.3795 level was successfully broken, we could see another micro-impulse to the upside, as only 3 waves are formed. In my previous entry you can check the previous variant of the wave count in the same area, both variants are possible now. If the price touches or goes higher 1.3815, it'll eman the finishing of wave 5. If the price didn't reach this level but declines below 1.373, it'll mean that by now we have a completed impulse.

You can check my previous entries and the updated chart through the signature link.
  • #212,142
  • Mar 17, 2010 3:21am Mar 17, 2010 3:21am
Quoting billymoney
If u ask me the single currency for the whole region is never right for from the first place. They should have created a Trio-Euro. 3 types of euro with High interest, Med-interest rate and low interest rate with pegging each other to allow countries with diff economic size to choose themselves. You cant unitfy economy of eurozone in 1 shot.

It is very difficult to adjust the correct interest/lend rate that fit the whole region.
yea, sounds like a power grab to me - we can't conquer the region? let's conquer the currency. lol. jk.
  • #212,143
  • Mar 17, 2010 3:28am Mar 17, 2010 3:28am
Quoting gatorinla
will it come back to 3785 before higher? i think it might cause ej will get a slap at 2515 .. lets c. will 3822 r 24 slap eu back down??? stay tuned on this station..
Please Gator, don't spoil my so far perfect entry (right at TL).

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  • #212,144
  • Mar 17, 2010 3:28am Mar 17, 2010 3:28am
Quoting malcolmb14
take it just above support ...

then drop it ..

bet 80% are short right now thinking downage.

This is a trap move to me.

GU they stopped me out on 2nd half hopped back in with stop be at 1.5217 due to ultra high volume down bar on 10 min
Hi malcolm,

I just stumbled over your post while catching up with some stuff here before I start trading. I can understand ppl going short at 3813 as it was R1 did not close a 15min above it, which is a sign of rejection and probably going back to the pivot 3735 area. Ok I wouldnt have gone that far but a good 10-20pip move would have been reasonable. Taking this into account and looking at chart we actually made much more then that.... go figure. A lot of times just simple pivot trading with good mm can get u pips even if the trend is in a different direction...
Trade on your own risk Plan your trade&trade your plan dont be a
  • #212,145
  • Mar 17, 2010 3:30am Mar 17, 2010 3:30am
Quoting The Fool
it would be a disaster for all the Greeks left holding the bag on their euro denominated debts - the reintroduced drachma wouldn't be worth shit in the euro world. the fuckin lawyers would do alright but eveywhere else it would be a generational loss of wealth. It would be a disaster and a shit stain on the remaining EU and the germans will never let it happen - they own big chunks of Greece anyway.
a big headache for sure. but not impossible. maybe less then they will have with euro. its happend before and will again.
those who can, do. those who cant, talk about those who can
  • #212,146
  • Mar 17, 2010 3:31am Mar 17, 2010 3:31am
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  • #212,147
  • Mar 17, 2010 3:31am Mar 17, 2010 3:31am
Let's not exclude a possibility that certain articles are 'requested'
Prices oscillate, trends persist. Trend is your friend.
  • #212,148
  • Mar 17, 2010 3:36am Mar 17, 2010 3:36am
Quoting cloggie
Why would Greece leave the euro now that the ECB has committed as a lender of last resort? They could peg the Drachma aritficially to the euro now get out, devalue the Drachma and get back in at a discount. This is one solution that actually may benefit them and the rest of euro land. The only problem is that in todays economic climate can Greece really be assured that it will be better off on its own? Tourism and shipping are in the dumps, two of the mainstays of their economy.

It will take some drastic political measures to leave the euro,...
tourism could be made cheaper with their own currency.. more flights could be comming with cheaper currency.. they could make most travel come to them with a devalued currency. comparible to euro. and they could still collect usd and euros.
those who can, do. those who cant, talk about those who can
  • #212,149
  • Mar 17, 2010 3:36am Mar 17, 2010 3:36am
Quoting Trading Cat
Hi malcolm,

I just stumbled over your post while catching up with some stuff here before I start trading. I can understand ppl going short at 3813 as it was R1 did not close a 15min above it, which is a sign of rejection and probably going back to the pivot 3735 area. Ok I wouldnt have gone that far but a good 10-20pip move would have been reasonable....
based on 60 min looks like a lot of selling on that up move.

Just waiting for confirmation to go short as do not trust it , might just focus on gu , she is like a jack rabbit on steriod
Blogging daily now at www.volume.zone
  • #212,150
  • Mar 17, 2010 3:38am Mar 17, 2010 3:38am
Quoting billymoney
If u ask me the single currency for the whole region is never right for from the first place. They should have created a Trio-Euro. 3 types of euro with High interest, Med-interest rate and low interest rate with pegging each other to allow countries with diff economic size to choose themselves. You cant unitfy economy of eurozone in 1 shot.

It is very difficult to adjust the correct interest/lend rate that fit the whole region.
I think nothing can be unified ever or should be in this world. Alike ok, friends ok,share ok,neighbours ok but share your wife never ok , similarly wealth also not so ok,share all one house proved also not so ok. similarly there are many personal things not so ok.everybody has separate entity,life ,deal with every aspects of life very separate .

One not readily ready to share the sorrows ,proverty & every bad with others beyound limitation. so let eurozone suffer till they understand the basic limitation & solve themselves without others help or pitty, intra-national ,inter-national & international levels.

myself starting loosing day & so not trade any before many hrs past today.

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #212,151
  • Mar 17, 2010 3:40am Mar 17, 2010 3:40am
Quoting malcolmb14
based on 60 min looks like a lot of selling on that up move.

Just waiting for confirmation to go short as do not trust it , might just focus on gu , she is like a jack rabbit on steriod
I am not good trading sterling but wish u good luck
Trade on your own risk Plan your trade&trade your plan dont be a
  • #212,152
  • Mar 17, 2010 3:40am Mar 17, 2010 3:40am
Short term short for 50pips, LONG TERM LONG after swing
  • #212,153
  • Mar 17, 2010 3:41am Mar 17, 2010 3:41am
Quoting malcolmb14
based on 60 min looks like a lot of selling on that up move.

Just waiting for confirmation to go short as do not trust it , might just focus on gu , she is like a jack rabbit on steriod
gu looks [email protected] there,let see how it react
  • #212,154
  • Mar 17, 2010 3:41am Mar 17, 2010 3:41am
Quoting gatorinla
imagine that
Gator Sir,

I actually noted it down in my notepad but I actually freaked out seeing the sudden rush towards 1.382!

What levels are you looking at now?
  • #212,155
  • Mar 17, 2010 3:41am Mar 17, 2010 3:41am
Quoting Clouds
yea, sounds like a power grab to me - we can't conquer the region? let's conquer the currency. lol. jk.
0509.. could be a good base chf
driver would be the one to ask. he tracts this all the time. 0509 chf may be equal to eu 3822... maybe..neither has been touched today.
those who can, do. those who cant, talk about those who can
  • #212,156
  • Mar 17, 2010 3:45am Mar 17, 2010 3:45am
What about gbp/usd after the news?
  • #212,157
  • Mar 17, 2010 3:45am Mar 17, 2010 3:45am
Quoting TheLastCoke
Please Gator, don't spoil my so far perfect entry (right at TL).

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So right now we are heading towards point D?
  • #212,158
  • Mar 17, 2010 3:48am Mar 17, 2010 3:48am
Quoting TheLastCoke
Please Gator, don't spoil my so far perfect entry (right at TL).

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if thats the last leg of the M it has a double top.. so just maybe.. if it happens not hitting upper trendline is very bearish
those who can, do. those who cant, talk about those who can
  • #212,159
  • Mar 17, 2010 3:51am Mar 17, 2010 3:51am
very weird movement
I am out of trade for couple of hours
You cannot learn better without losing
  • #212,160
  • Edited 3:55am Mar 17, 2010 3:53am | Edited 3:55am
if we come back up to 3787 H&S formation possible even 3791 could act as shoulder. sl 10-20pips above target3726 +-pips
Trade on your own risk Plan your trade&trade your plan dont be a
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