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  • #215,281
  • Mar 23, 2010 10:57pm Mar 23, 2010 10:57pm

Japan's Trade Flow Trends Favor Dollar Gains vs Euro, Pound


Read more: DailyFX - Japan's Trade Flow Trends Favor Dollar Gains vs Euro, Pound http://www.dailyfx.com/forex/market_...#ixzz0j4wEjdbh

  • #215,282
  • Mar 23, 2010 11:01pm Mar 23, 2010 11:01pm
Quoting gatorinla
round bottom and those dojis on the week were good reversal signals or big rejection bounce. as well as the crap i told sky a few hours ago. this just may be one of those times they dont work. those signals dont take into account intervention may have caused them.
I agree, thanks for explaining it like that Gator. It's still my opinion that being that the 5 or 6 dojis or whatever on the weekly has NEVER happened before, there is no way it means up or down. It's never happened before so how can it be a sure reversal sign? My other question is why the heck do Europeans need or want a stronger euro?
I also think that sometimes even the intervention gets screwed.
  • #215,283
  • Mar 23, 2010 11:17pm Mar 23, 2010 11:17pm
Quoting uraceulose
I agree, thanks for explaining it like that Gator. It's still my opinion that being that the 5 or 6 dojis or whatever on the weekly has NEVER happened before, there is no way it means up or down. It's never happened before so how can it be a sure reversal sign? My other question is why the heck do Europeans need or want a stronger euro?
I also think that sometimes even the intervention gets screwed.
they dont really. germany had bad times before ww2 ect. with inflation. controlling inflation is a big thing in ez. so they kept raising rates as u.s. kept rates low. in the process between commodities and currency u.s. had the greatest transfer of wealth in modern history the last decade..a strong usd brings some of this wealth back.. but whats lost may never return. you and i financed china and even ez with the devalued usd. it will take decades to pay this bill.
those who can, do. those who cant, talk about those who can
  • #215,284
  • Mar 23, 2010 11:24pm Mar 23, 2010 11:24pm
Quoting uraceulose
I agree, thanks for explaining it like that Gator. It's still my opinion that being that the 5 or 6 dojis or whatever on the weekly has NEVER happened before, there is no way it means up or down. It's never happened before so how can it be a sure reversal sign? My other question is why the heck do Europeans need or want a stronger euro?
I also think that sometimes even the intervention gets screwed.
It wasn't europe controling the intervention. It was China and US.
  • #215,285
  • Mar 23, 2010 11:29pm Mar 23, 2010 11:29pm
Time to go to bed, wouldnt mind seeing a 1.33 handle in the morning, but will be happy with the 1.34 for now.
+ Charts Happen
  • #215,286
  • Mar 23, 2010 11:36pm Mar 23, 2010 11:36pm
Quote
they dont really. germany had bad times before ww2 ect. with inflation. controlling inflation is a big thing in ez. so they kept raising rates as u.s. kept rates low. in the process between commodities and currency u.s. had the greatest transfer of wealth in modern history the last decade..a strong usd brings some of this wealth back.. but whats lost may never return. you and i financed china and even ez with the devalued usd. it will take decades to pay this bill.

I see, thank you again for taking the time explain.

Quote
It wasn't europe controling the intervention. It was China and US.

I don't see what you mean 2+2, the fed/china have been pushing euro up you mean? Or are you more speaking in the sense of over the last decade, by keeping rates low and borrowing?? Sorry to be ignorant man.
  • #215,287
  • Mar 23, 2010 11:38pm Mar 23, 2010 11:38pm
you all are missing 1 more peice. Check out monthly charts. It seems to be forming a fan pattern at what seems like the top.

http://img151.imageshack.us/img151/6...10123416pm.jpg

Basic price action.
-The recent high was lower than the previous high.
-It is currently hanging around the 2004 high
-It would seem like there is a little bit more room to go down(maybe to about 1.3200) before rebounding. But we can be very sure that the major uptrend in approaching its demise. Probably in 2 - 3 years from now we will be seeing down most of the time.

But for now... it would seem that there is still room to go down. Your daily dojis are just warning signs. But candles should be used in conjunction with trend analysis. Price still dictates what to do. It is still too early to say that a reversal to the upside is happening.
  • #215,288
  • Edited Mar 24, 2010 12:37am Mar 23, 2010 11:56pm | Edited Mar 24, 2010 12:37am
Morning to all . what a fall ! overnight without rest , falling. anyway I placed many shorts in eu & other pairs but none activated , no up from my last price seen and only one one shorts I kept open with sl & tp , none hit also . they are positive & hope will go more down. If daily is the controlling star in eu now then can expect around 1.3380 before a bounce .the hardle of H4 channel break tested & done ,may not hold though & it will cause a bounce .
gold is still up & waiting big fall & not back this level soon.

so a morning tea is better to take better before cash it or risk it.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #215,289
  • Mar 24, 2010 12:03am Mar 24, 2010 12:03am
This is the new Greek tragedy theme song - hope ya'll like it.

Inserted Video
"If The Fool persists in his Folly he will become wise." - William Blake
  • #215,290
  • Mar 24, 2010 12:04am Mar 24, 2010 12:04am
Quoting thelws
you all are missing 1 more peice. Check out monthly charts. It seems to be forming a fan pattern at what seems like the top.

http://img151.imageshack.us/img151/6...10123416pm.jpg

Basic price action.
-The recent high was lower than the previous high.
-It is currently hanging around the 2004 high
-It would seem like there is a little bit more room to go down(maybe to about 1.3200) before rebounding. But we can be very sure that the major uptrend in approaching its...

I believe that predicting reversals and how far a market will run means being wrong far more than being right, we want to trade with the momentum of the market and not try to predict its end, i.e; we trade what we see not what we guess, the best traders react to the market and not try to predict what will happen.
"The Side that Knows When to Fight and When Not to, Will Take the Victory"
  • #215,291
  • Mar 24, 2010 12:04am Mar 24, 2010 12:04am
Morning to all

Many red pips this week, i hope today brings some greens
"The Side that Knows When to Fight and When Not to, Will Take the Victory"
  • #215,292
  • Mar 24, 2010 12:06am Mar 24, 2010 12:06am
We could break the low...
  • #215,293
  • Mar 24, 2010 12:07am Mar 24, 2010 12:07am
we have officially broken the low. Short now.
  • #215,294
  • Mar 24, 2010 12:08am Mar 24, 2010 12:08am
yes but i hope 3400 (then some)get punched through to avoid the the back and forth crap.
those who can, do. those who cant, talk about those who can
  • #215,295
  • Mar 24, 2010 12:09am Mar 24, 2010 12:09am


Burning through stops...
  • #215,296
  • Mar 24, 2010 12:12am Mar 24, 2010 12:12am
Quoting gatorinla
yes but i hope 3400 (then some)get punched through to avoid the the back and forth crap.
i know, once and 4 all EDIT: then next stop 3324 u think?
  • #215,297
  • Mar 24, 2010 12:12am Mar 24, 2010 12:12am
morning all

just woke up to see this brake .

shorting it

too bad for the bulls
I SEE YOU !!
  • #215,298
  • Mar 24, 2010 12:12am Mar 24, 2010 12:12am
Quoting gatorinla
yes but i hope 3400 (then some)get punched through to avoid the the back and forth crap.
Me too....really sick of this consolidation.......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #215,299
  • Mar 24, 2010 12:14am Mar 24, 2010 12:14am
Quoting gatorinla
yes but i hope 3400 (then some)get punched through to avoid the the back and forth crap.
Yep, as long as it goes down and stays down. Now that the battle for 3500 has been fought and won to the downside, 3400 is next. A little odd that all this action is going on at these hours, though it's not ours to wonder why
  • #215,300
  • Mar 24, 2010 12:15am Mar 24, 2010 12:15am
it was worth the wait!!!
"In economics, the majority is always wrong." John Kenneth Galbraith
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