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  • #212,641
  • Mar 18, 2010 4:58am Mar 18, 2010 4:58am
Quoting kuroro001
Yes but you didn't win neither

1.3730 as first tp...i'm waiting for you
I might join in on that train once 3700 is taken.
Trade on your own risk Plan your trade&trade your plan dont be a
  • #212,642
  • Mar 18, 2010 4:58am Mar 18, 2010 4:58am
Quoting gatorinla
84 may slap it back down

I hope so
"The Side that Knows When to Fight and When Not to, Will Take the Victory"
  • #212,643
  • Mar 18, 2010 5:01am Mar 18, 2010 5:01am
So much controversy in the Eurozone right now, now they are saying only the IMF can help Greece with rebalancing, feels like either solution will send EUR down, apart from maybe ECB raising rates, which they won't do or bad news from the US, which can't be excluded as the yanks policy makers can appear to be having one goal when they have really multiple ones. The Chinese are right at pointing out by asking why is it OK for US to deflate, but not for the Chinese? Although I sort of understand the rationale as China has a surplus whereas we all know about US defecit issues. But bottom line is that the Eurozone is split and the more they do not appear as 1 unity the more it will drive the bear phase in their currency. And obviously USD will rise as it will be seen as a safer option, like it or not.

Everybody wants to deflate to stay competitive in a reduced private sector spending environment, hence this will be known as The Currency War in history.
Prices oscillate, trends persist. Trend is your friend.
  • #212,644
  • Mar 18, 2010 5:02am Mar 18, 2010 5:02am
EMU DATA: The Eurozone's non-seasonally adjusted trade balance came to a
deficit of E8.9 billion in January, down from the E4.1 billion surplus
in the previous month, but up from January 2009's E12.1 billion deficit,
Eurostat reported on Thursday. Due to technical problems, seasonally
adjusted data are not expected until either Friday, March 19, or Monday,
March 21.
-- EMU Jan NSA exports +5.0% Y/Y,imports +1.0% Y/Y
-- Please see MNI MainWire for details

Provided by: Market News International
Trade on your own risk Plan your trade&trade your plan dont be a
  • #212,645
  • Mar 18, 2010 5:05am Mar 18, 2010 5:05am
The only concern is that the range is still intact

but the signs are there.

I will add longs if it unwinds to the 1.3580-1.3620 area but for now it's all about the candles


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Some drink at the fountain of knowledge. Others just gargle !
  • #212,646
  • Mar 18, 2010 5:08am Mar 18, 2010 5:08am
Quoting Trading Cat
posiible H&S dollar index?
just broke neckline so possible more Dollar weakness coming.
Trade on your own risk Plan your trade&trade your plan dont be a
  • #212,647
  • Mar 18, 2010 5:10am Mar 18, 2010 5:10am
Quoting kuroro001
gbpusd has room to 1.5200-10 before deciding to go long
eurusd has room to 1.3620-30 i'd say

I've started to buy it though in case it doesn't want to go down more
I'm targeting 1.3730 first

Good luck to you
I will stay aside for a while..not so sure of the consalidation, but seems like it has a chance to find the consalisation in the next 4 hours and if I see that I have the confidence to ru run in the buy train..but in the moment the red candle is still in impact..
Thank you and good luck for us both
" Accepting losses is the most important single investment devise "
  • #212,648
  • Mar 18, 2010 5:11am Mar 18, 2010 5:11am
Quoting jsspmk
So much controversy in the Eurozone right now, now they are saying only the IMF can help Greece with rebalancing, feels like either solution will send EUR down, apart from maybe ECB raising rates, which they won't do or bad news from the US, which can't be excluded as the yanks policy makers can appear to be having one goal when they have really multiple ones. The Chinese are right at pointing out by asking why is it OK for US to deflate, but not for the Chinese? Although I sort of understand the rationale as China has a surplus whereas we all know...
There you go....that's what I've been saying for a while now, although not quite so eloquently.....EZ and US are both in the shit.....but EZ is in deeper, much deeper.....if this manipulation that we have been seeing for the past few didn't happen.....the EUR would be in the 1.20's by now.....imo
Doing what you like is Freedom. Liking what you do is Happiness.
  • #212,649
  • Mar 18, 2010 5:23am Mar 18, 2010 5:23am
Quoting plan-b
I just think it's not an exact science and closes maybe are more important than the wicks.

It could go to 1.35 but i would only worry if we have a week close below there.

So far no Friday close has even been below 1.3580

I could be wrong
if you use the wicks where you started at. you come up with 28xx/29xx.
the other way is wishfull thinking. you cant start at a known point to predict a end point while ignoring the others between. because they dont fit what you want.
those who can, do. those who cant, talk about those who can
  • #212,650
  • Mar 18, 2010 5:25am Mar 18, 2010 5:25am
[quote=realjumper;3562738.EZ and US are both in the shit.....but EZ is in deeper, much deeper.....if this manipulation that we have been seeing for the past few didn't happen.....the EUR would be in the 1.20's by now.....imo[/quote]

bingo
  • #212,651
  • Mar 18, 2010 5:29am Mar 18, 2010 5:29am
Quoting forex888
If Euro very weak, it had been fall to 1.3 last week ago. Why it went to 1.38? Why and why?
if euro was that strong y did euro drop from 1.45 from dec til now WHY N WHY? geez... wat kind of argument is that man..
  • #212,652
  • Mar 18, 2010 5:42am Mar 18, 2010 5:42am
Quoting FX-Mentor
in 4 HR its a long entry.
but in news calendar is
11:00am EUR Trade Balance
http://cdn.forexfactory.com/images/m...tail_alert.gif [-2.3B]
5.1B 4.3Bhttp://cdn.forexfactory.com/images/m...us_revised.gif
this news would come normally in 30 minutes, i dont know why the news are out now
Best Regards
4H got broken earlier and looks likely to break again
  • #212,653
  • Mar 18, 2010 5:42am Mar 18, 2010 5:42am
my opinion its just a correction, now we are in range for an extented period so something gonna happen..feel free not to aggree
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  • #212,654
  • Mar 18, 2010 5:47am Mar 18, 2010 5:47am
Quoting yunielescaz
if euro was that strong y did euro drop from 1.45 from dec til now WHY N WHY? geez... wat kind of argument is that man..
check out the monthly chart mannnnnn..

3 dark candles...in previous..The last one is green for now..

This is the only answer...As you see why it drops..
Sometimes little up, but more down, it can never go straight below 1.30 without retracements..
" Accepting losses is the most important single investment devise "
  • #212,655
  • Mar 18, 2010 5:47am Mar 18, 2010 5:47am
Eur nor Usd is strong. Both are on neutral grounds at the moment.
Eur/Usd is only +0.97%, with 0.0% being completely neutral.
  • #212,656
  • Mar 18, 2010 5:48am Mar 18, 2010 5:48am
Forex888,

The reason is markets don't go up or down in a straight line
Prices oscillate, trends persist. Trend is your friend.
  • #212,657
  • Mar 18, 2010 5:52am Mar 18, 2010 5:52am
So germany is calling the greek's bluff. For a while greeks have threatened the EU to go look for IMF money ... no the germans are challenging them to go to the IMF. and the greeks realising that IMF will be painful, urge for EU bailout..


Greek Prime Minister George Papandreou called on European Union leaders to set up an emergency financial-aid mechanism for Greece at a summit meeting next week.


“This is an opportunity we should not miss,” Papandreou told reporters in Brussels today. “When you have that instrument in place, that could be enough to tell the markets hands off, no speculation, let this country do what it’s doing, let it in peace to be able to move ahead.”
Greece pinned its hopes on the March 25-26 EU summit as German officials raised the prospect that the country may have to turn to the International Monetary Fund for aid instead. Papandreou said today that he prefers a European solution.
The risk premium on Greek 10-year bonds has more than doubled since the beginning of November on concern about the country’s ability to finance a biggest deficit of 12.7 percent of gross domestic product, the EU’s largest. Greece still needs to raise about 10 billion euros ($14 billion) to fund bond redemptions in April and May and Papandreou has said that current markets rates are unsustainable.
Andreyou
  • #212,658
  • Mar 18, 2010 5:52am Mar 18, 2010 5:52am
Quoting realjumper
There you go....that's what I've been saying for a while now, although not quite so eloquently.....EZ and US are both in the shit.....but EZ is in deeper, much deeper.....if this manipulation that we have been seeing for the past few didn't happen.....the EUR would be in the 1.20's by now.....imo
I'm thinking this, also. Everyone's betting on one horse. If that horse comes in... people in lot of trouble paying out. Is this currency manipulation? Or should I punish myself severely for even thinking such a thing? Typical, the week I go fulltime I walk into a currency war.
  • #212,659
  • Mar 18, 2010 5:54am Mar 18, 2010 5:54am
Quoting freedom48
check out the monthly chart mannnnnn..

3 dark candles...in previous..The last one is green for now..

This is the only answer...As you see why it drops..
Sometimes little up, but more down, it can never go straight below 1.30 without retracements..
i can see that. i was just targetting forex888's comments with sarcasm about how strong euro was just becos it went from 1.35 to 1.38. so i wowed at it.
  • #212,660
  • Mar 18, 2010 5:55am Mar 18, 2010 5:55am
Quoting andreypu
So germany is calling the greek's bluff. For a while greeks have threatened the EU to go look for IMF money ... no the germans are challenging them to go to the IMF. and the greeks realising that IMF will be painful, urge for EU bailout..


Greek Prime Minister George Papandreou called on European Union leaders to set up an emergency financial-aid...
Germany and France are against bailing out Greece and hope Greece seeks out IMF.
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