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  • #214,181
  • Mar 22, 2010 7:05am Mar 22, 2010 7:05am
Quoting SkyzerFX
Well, he's right at this very moment, that's all.. AS everything is tanking now

8AM coming watching for Goldman boys pushing commodities further down.

I have SL at 1.3365-1.3375 set just in case.. And limited Buy's down to 1.34
The problem is difference in perception of current trend.

I look at it as a down trend, therefore buying on the way down would be an expensive exercise.

You look at it as an overall up trend & trying to buy dips. That is OK as long as sound MM is present.

Now all we have to establish is whether it's an up trend or down trend.
Prices oscillate, trends persist. Trend is your friend.
  • #214,182
  • Mar 22, 2010 7:06am Mar 22, 2010 7:06am
Quoting jsspmk
That is because the governments keep borrowing. You could be out of a recession, but being in debt up to your eye balls wouldn't make life any better.
What defines whether you are in or out of recession?
  • #214,183
  • Mar 22, 2010 7:08am Mar 22, 2010 7:08am
Quoting acumen
the end is near.
End of what?
  • #214,184
  • Mar 22, 2010 7:08am Mar 22, 2010 7:08am
Quoting Caravanpark
What defines whether you are in or out of recession?
Definition of recession - A period of general economic decline; typically defined as a decline in GDP for two or more consecutive quarters.
  • #214,185
  • Mar 22, 2010 7:08am Mar 22, 2010 7:08am
Looks quite bearish engulfing on the H1 but you won't catch me shorting into S1 and a big psych level.
  • #214,186
  • Mar 22, 2010 7:08am Mar 22, 2010 7:08am
Just pop up:

"(RTTNews) - The Swiss National Bank reiterated on Monday that it will act decisively to avoid an excessive
appreciation of the Swiss franc against the euro. The central bank added that the danger of deflation
cannot be entirely ruled out. In its Quarterly Bulletin, the central bank said expectations for the
private sector in the coming six months are cautiously optimistic. According to SNB, the global economic
recovery will continue this year. But the revival is likely to remain sluggish, at least in Europe.
The SNB forecasts the Swiss economy to grow about 1.5% in the current year.
On March 11, the SNB had left its three-month libor target range unchanged at 0%-0.75%.
The central bank noted that the inflation forecast based on an unchanged three-month Libor
suggests that the current expansionary monetary policy cannot be maintained throughout the
entire forecast horizon without compromising medium and long-term price stability."

We'll see what they going to do about it..
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  • #214,187
  • Mar 22, 2010 7:10am Mar 22, 2010 7:10am
Quoting Clouds
Definition of recession - A period of general economic decline; typically defined as a decline in GDP for two or more consecutive quarters.
Thanks. We still have a way to go before I will relax!
  • #214,188
  • Mar 22, 2010 7:10am Mar 22, 2010 7:10am
Quoting AMuharram
Mmmm .. boring trading range.
yeah but i guarantee someone at the end of the day will be bragging how they made 100 pips
  • #214,189
  • Mar 22, 2010 7:10am Mar 22, 2010 7:10am
Quoting jsspmk
Jim Rogers is of an opinion that if Greece is removed from Euro partnership EUR will take off.

@Skyzer

Apparently Rogers is holding USD long according to a recent interview. Like yourself he doesn't believe USD has a bright future, but nevertheless he is long USD.
Greece ain't the only problem.

Guess who's debt is due after Greece defaults?

m
  • #214,190
  • Mar 22, 2010 7:12am Mar 22, 2010 7:12am
usdcad had some nice moves but without me. Usdjpy might get me into a trade as pending buy waiting 90.41.
€ if it finally decides to go lower I have pending 3496sell.
Trade on your own risk Plan your trade&trade your plan dont be a
  • #214,191
  • Mar 22, 2010 7:13am Mar 22, 2010 7:13am
Quoting Caravanpark
End of what?
he's a great speaker and looks good in a suit.

that's it.

the end of... capitalism.

welcome to the United Socialist America.

m
  • #214,192
  • Mar 22, 2010 7:14am Mar 22, 2010 7:14am
Quoting jsspmk
The problem is difference in perception of current trend.

I look at it as a down trend, therefore buying on the way down would be an expensive exercise.

You look at it as an overall up trend & trying to buy dips. That is OK as long as sound MM is present.

Now all we have to establish is whether it's an up trend or down trend.
I agree, but I have a plan. If EURO drops below 1.34 so do Silver, I have
Equity Trading Account and will load up on SLV (deep) and will made my profit that way..
(people do aware of all currencies problems, so buying GOLD/SILVER deeps
are pretty safe bet)
Now watching GOLD interesting, So far 8AM candle trying to stay in green..
Crude the same. I was expecting further drop.. we'll see
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  • #214,193
  • Mar 22, 2010 7:15am Mar 22, 2010 7:15am
Bearish engulfing on H1:

Attached Image (click to enlarge)
Click to Enlarge Name: chart3.gif Size: 12 KB


for me it looks like there's pressure to the downside - so I'm waiting for support to be broken to enter short
  • #214,194
  • Mar 22, 2010 7:17am Mar 22, 2010 7:17am
Quoting acumen
Greece ain't the only problem.

Guess who's debt is due after Greece defaults?

m
Absolutely. That's why Berlusconi 'totally backs' EU help for Greece
Prices oscillate, trends persist. Trend is your friend.
  • #214,195
  • Mar 22, 2010 7:18am Mar 22, 2010 7:18am
Quoting acumen
Greece ain't the only problem.

Guess who's debt is due after Greece defaults?

m
That would be a tossup between Spain, Italy and the UK. My money is on Spain due to the late 2000's housing boom sparked by British citizens 'investing' in recreational housing. Italy has a massive share of shadow economy (~25%) which is not reflected in GDP so the actual debt/GDP ratio is not as bad as it seems. UK will probably just let the pound drop somewhere 1.4ish as soon as Euro goes to 1.2ish so they may be one of the latter victims. The eur weakness will imo persist until the rating agencies deliver the well deserved downgrade to US and UK, then it may change.
  • #214,196
  • Mar 22, 2010 7:24am Mar 22, 2010 7:24am
Quoting nvcK
That would be a tossup between Spain, Italy and the UK. My money is on Spain due to the late 2000's housing boom sparked by British citizens 'investing' in recreational housing. Italy has a massive share of shadow economy (~25%) which is not reflected in GDP so the actual debt/GDP ratio is not as bad as it seems. UK will probably just let the pound drop somewhere 1.4ish as soon as Euro goes to 1.2ish so they may be one of the latter victims. The eur weakness will imo persist until the rating agencies deliver the well deserved downgrade to US and...
i was going with Spain but i like your outlook.

m
  • #214,197
  • Mar 22, 2010 7:29am Mar 22, 2010 7:29am
As of now, it's rebounding from the support at 1.3503....

I am looking to short at 1.3527

Gd Luck to a new week =)
  • #214,198
  • Mar 22, 2010 7:34am Mar 22, 2010 7:34am
Quoting nvcK
UK will probably just let the pound drop somewhere 1.4ish as soon as Euro goes to 1.2ish so they may be one of the latter victims.
Why USD deserves to trades at those rates? 1.20 EUR 1.40 GBP

Is US really that much better? I want to see how they drug through

health care reform and add another trillion to the budget deficit..

Those exchange rates depends on Media BS more, than on Economic reality.

Who ever pay the orchestra, are the man.
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  • #214,199
  • Mar 22, 2010 7:35am Mar 22, 2010 7:35am
Quoting acumen
i was going with Spain but i like your outlook.

m
Hi mate,

thx for all the youtube vids. really enjoy them. keep up the good work and looking forward to the € dive.
Trade on your own risk Plan your trade&trade your plan dont be a
  • #214,200
  • Mar 22, 2010 7:41am Mar 22, 2010 7:41am
Not traded today though , just checking small tf as there nothing special so far & all expected sideways within very short range so far.
http://www.forexfactory.com/showpost...8&postcount=49
fontu
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