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  • #216,481
  • Mar 25, 2010 2:46pm Mar 25, 2010 2:46pm
Quoting kuroro001
Does anyone thinks dollar strenght will end up ?
This is TEMP glitch in the System Uncle Ben will take care of it very soon
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  • #216,482
  • Mar 25, 2010 2:48pm Mar 25, 2010 2:48pm
Gator,

Any idea where we might end up before Asian session and how they might respond?........

I am thinking 3308 caps this small retrace that we had and now lowers lows....

My concern is 3255/45 area.....I am thinking we might touch it and bounce up to 3308/3320...before going thru it? Whatcha thinkn on it?
  • #216,483
  • Mar 25, 2010 2:49pm Mar 25, 2010 2:49pm

  1. Try Dubai
  2. Some people may ask "Why Dubai?"
  3. But I say "Fly Dubai" lol


Quoting 9000rpm
i need to move to asia or europe. it's so hard for me to wake up at 3am est. i always miss the party. congrats on those pips
  • #216,484
  • Mar 25, 2010 2:53pm Mar 25, 2010 2:53pm
Atlast,
Your parallel lines played well today! Good job.....not sure why or how you know to draw them off of the forks and at what points....but you did well!

Thanks for posting them.....I have one of those paralles around 3255 and hope we hit it soon!
  • #216,485
  • Mar 25, 2010 2:53pm Mar 25, 2010 2:53pm
Quoting gatorinla
it dont matter.. its best in breed... they all suck.. usd sucks less.
Took me a while to see this but this is dead on correct. It's called GLOBAL downturn, not Euro or USD downturn. You have to keep this in mind when looking at any currency or currency pair as well as any time frame. Espicially keep this in mind when any economic news is reported because as a newbie trader like me, alot of the times the reports can be missleading.
  • #216,486
  • Mar 25, 2010 2:59pm Mar 25, 2010 2:59pm
Quoting Ineedpips9
Took me a while to see this but this is dead on correct. It's called GLOBAL downturn, not Euro or USD downturn. You have to keep this in mind when looking at any currency or currency pair as well as any time frame. Espicially keep this in mind when any economic news is reported because as a newbie trader like me, alot of the times the reports can be missleading.
Mmmm I agree, I mean the USD isn't good, I wouldn't put my money there if you paid me, if this wasn't a global downturn. As it is, it's the Euro's lack of unity and ability to react that turns me off the Euro, as a result I if the politicians don't pull their fingers out and agree some flexible rules for all the countries to live by (central emergency fund, and federalistic things like that) I'll pick the USD over the Euro anyday.
I operate with clear definite rules, if I break them I lose BIG!
  • #216,487
  • Mar 25, 2010 3:02pm Mar 25, 2010 3:02pm
Where are the charts? The post is missing.

Quoting tonyo524
bearish. this up move I am speaking on is only a retrace for tonight and tommorrow and possibly Monday as indicated on the charts at numbers 3 and 4. Then I am back to bear mode for 500 pips.
  • #216,488
  • Mar 25, 2010 3:03pm Mar 25, 2010 3:03pm
Euro zone to shoulder 2/3 of burden of aid for Greece, IMF to take up 1/3 – EU sources

No impact?
  • #216,489
  • Mar 25, 2010 3:05pm Mar 25, 2010 3:05pm
Quoting Icannaesee
I'll pick the USD over the Euro anyday.
That's exactly why people Still buying US Stocks like there is no tomorrow.

Nobody would touch them when DOW was under 7000 and now, of course,

everyone going long tops.. You want to lose money, join the crowd..

Sure, you going to take USD over EUR (right now), but what you have to do

is Switch all your money to EUR, while everyone is running from it... That's

what big Banks do.. They unload overvalued currency and load undervalued

and when Market sentiment changed, they change currency stakes. USD is a SELL right now..

And I mean Strong SELL.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #216,490
  • Mar 25, 2010 3:05pm Mar 25, 2010 3:05pm
Quoting Sugarfree.h
Euro zone to shoulder 2/3 of burden of aid for Greece, IMF to take up 1/3 – EU sources

No impact?
Impact was 4 hours ago when deal leaked.
  • #216,491
  • Mar 25, 2010 3:07pm Mar 25, 2010 3:07pm
Quoting SkyzerFX
That's exactly why people Still buying US Stocks like there is no tomorrow.

Nobody would touch them when DOW was under 7000 and now of course

every going long tops.. You want to lose money, join the crowd..

Sure you going to take USD over EUR right now, but what you have to do

is Switch all your money to EUR, while everyone is running from it... That's

what big Banks do.. They unload overvalued currency and load undervalued

and whnen time change, they change the stakes. USD is a SELL right now..

And I mean Strong SELL.
Tons of people bought under 7000 man. I will again if we get there
  • #216,492
  • Mar 25, 2010 3:09pm Mar 25, 2010 3:09pm
Quoting SkyzerFX
That's exactly why people Still buying US Stocks like there is no tomorrow.

Nobody would touch them when DOW was under 7000 and now of course

every going long tops.. You want to lose money, join the crowd..

Sure you going to take USD over EUR right now, but what you have to do

is Switch all your money to EUR, while everyone is running from it... That's

what big Banks do.. They unload overvalued currency and load undervalued

and whnen time change, they change the stakes. USD is a SELL right now..

And I mean Strong SELL.
Hate to say it but I agree, if you have the margin to ride out the remaining drop of the Euro, I figure we're gonna fall for another two weeks then the Dollar is going to start being the currency to escape. TBH it would take a miracle for the US to pay off it's debts in a reasonable amount of time, but just got to wait for the EZ to seem stable again.
I operate with clear definite rules, if I break them I lose BIG!
  • #216,493
  • Mar 25, 2010 3:10pm Mar 25, 2010 3:10pm
Quoting 9000rpm
i need to move to asia or europe. it's so hard for me to wake up at 3am est. i always miss the party. congrats on those pips
Lol, here in Indonesia you wont have to wake up at 3am. But you have to sleep at 3am. London starts at 3pm. Freezing cold every night with bloody eyes just to watch charts hahaha.
Manage your risk accordingly and you're half done your home work.
  • #216,494
  • Mar 25, 2010 3:14pm Mar 25, 2010 3:14pm
Quoting Icannaesee
TBH it would take a miracle for the US to pay off it's debts in a reasonable amount of time, but just got to wait for the EZ to seem stable again.
Yeap, I agree, we are just small guys, with limited funds. With few million

Dollars and let say single LOT bets, almost impossible to lose on forex.

You just place both BUY and SELL anywhere (assuming you get Hedging

available) and just collect cash (realized profit) from whatever is in profit right

now, and what's in loss now, will be in profit, later..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #216,495
  • Mar 25, 2010 3:17pm Mar 25, 2010 3:17pm
How in the hell can the failure rate be at 95%.

Then I read this forum and wonder how it isn't 100.

m
  • #216,496
  • Mar 25, 2010 3:18pm Mar 25, 2010 3:18pm
touche


Quoting acumen
How in the hell can the failure rate be at 95%.

Then I read this forum and wonder how it isn't 100.

m
  • #216,497
  • Mar 25, 2010 3:19pm Mar 25, 2010 3:19pm
Quoting acumen
How in the hell can the failure rate be at 95%.

Then I read this forum and wonder how it isn't 100.

m
Care to elaborate?
  • #216,498
  • Mar 25, 2010 3:19pm Mar 25, 2010 3:19pm
Quoting acumen
How in the hell can the failure rate be at 95%.

Then I read this forum and wonder how it isn't 100.

m
bcoz of you.

  • #216,499
  • Mar 25, 2010 3:20pm Mar 25, 2010 3:20pm
Quoting acumen
How in the hell can the failure rate be at 95%.

Then I read this forum and wonder how it isn't 100.

m
Well you are saying it's unreal? Open Demo add more funds

.. And start shooting

buy on the bottom and Sell on the tops without stop loss and only

collect cash when any position is in profit, ones you take one of the table

shoot another one.. You cannot lose (it's impossible) if you have enough money and reasonable MM
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #216,500
  • Mar 25, 2010 3:20pm Mar 25, 2010 3:20pm
Quoting Caravanpark
That's very interesting although I don't think you have joined the dots up precisely. There is another more recent channel which has been forming on the daily since November. Do you think that if the PA breaks below YOUR channel, it will go South? It seems that the AUD is near critical levels on every aspect.

ye critical levels..ya i got the bigger channel on charts too..its bour 20 pips in minus now, so not going well..it broke through the channel already but not much force.my stop is just below the daily low, took a long on gbpjpy, to keep me busy
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