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  • #220,141
  • Apr 4, 2010 12:57pm Apr 4, 2010 12:57pm
Hi folks!

Red this thread awhile. Speaking about fundamentals. Analysts talk this today and that tomorrow. Statistics cheat a little here and there. Just grab your favorite electronic calculator and tell me how many miles you can drive in a car or truck with a buck in the US or an euro in Europe. Ding ding. Can anybody here give me a good reason why the Euro should bounce now and rise long term after the piigs finally started their domino game?

The euro was a hype and every hype will find its end. It is way overvalued and tulips come to my mind. Not to say it will drop Monday, as it can also continue go up a bit in the retracement. Just an opinion.

Nice forum here by the way. Have fun!
Sometimes I lose. Sometimes the others win.
  • #220,142
  • Apr 4, 2010 1:14pm Apr 4, 2010 1:14pm
Good Morning. Current mid market rate is 1.3470. I took ur advice at the end of last week Gator. We'll c how it goes.

Happy Easter!
  • #220,143
  • Apr 4, 2010 1:28pm Apr 4, 2010 1:28pm
€ @ 1,349

hello I am new here and very impressed by majority of postings...

my outlook: short term bearish: below 1,3527 (March close) and 1,35 (psychological level and last week's closing price); medium term downtrend since January currently at around 1,36

We even see a bearish engulfing on the daily end of last week and the USD index bouncing at support.
  • #220,144
  • Apr 4, 2010 1:30pm Apr 4, 2010 1:30pm
Quoting tonyo524
Sometimes those on the losing side of a trade get offeneded by seeing post contrary to their position. it's ok, we all lose some sometimes.
sometime???????u must be a bloody fortune teller if u only loose sometime:0
and i m currently on 9 trade winning streak, and i wud love to loose only sometime
  • #220,145
  • Apr 4, 2010 1:36pm Apr 4, 2010 1:36pm
My weekly Eur/Usd Outlook. http://chart.ly/vev3kv
USD continues its bullish trend against EUR.
  • #220,146
  • Apr 4, 2010 1:44pm Apr 4, 2010 1:44pm
i dun like to talk bout what banks are doing, whether they r tight or not etc...i believe all info we know, or we will know is already discounted in the price...here are two charts, hourly weekly, hourly shows the channel from 1.52 is still valid..either way hourly is straight forward. the weekly chart, dun mind the numbers if you not care, or not heard of elliot.. but if this is set to continue south i wud look for targets of that red line wher C? is on the chart...for those who like elliot, no explenation needed, only the C? target on the red line, happens to be same lenght as A leg.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd hour.gif Size: 26 KB
Click to Enlarge Name: eurusd week.gif Size: 23 KB
  • #220,147
  • Apr 4, 2010 1:46pm Apr 4, 2010 1:46pm
Greece will default, but not this year

By Wolfgang Münchau


http://www.ft.com/cms/s/0/372886dc-4...44feabdc0.html
Prices oscillate, trends persist. Trend is your friend.
  • #220,148
  • Edited 2:18pm Apr 4, 2010 1:59pm | Edited 2:18pm
Quoting ledobedo
sometime???????u must be a bloody fortune teller if u only loose sometime:0
and i m currently on 9 trade winning streak, and i wud love to loose only sometime
Not at all. but when you trade on any time frame amaller than 4 hours you are subject to the whipsaws of the market. 9 trade winning streak. Lol If I depended on something as small as that, I would be one of those new unemployment claims we read about. I hope you enjoy that 9 trade streak, but I strive for much much higher than that.

Read my past posts. The wins and the losers are all there for you, and would very clearly show you the rational and reason for the sometimes statement. Have fun, I know I will!
All that is left in FF is just plain garbage. "Cloggie"
  • #220,149
  • Apr 4, 2010 2:01pm Apr 4, 2010 2:01pm
I would lv to see 1.40 before it sink
  • #220,150
  • Apr 4, 2010 2:09pm Apr 4, 2010 2:09pm
Quoting jsspmk
Greece will default, but not this year

By Wolfgang Münchau


http://www.ft.com/cms/s/0/372886dc-4...44feabdc0.html

of course they will they are just postponing the inevitable
  • #220,151
  • Apr 4, 2010 2:10pm Apr 4, 2010 2:10pm
Quoting egkid
I would lv to see 1.40 before it sink
Anything can happen in forex , I set myself for 1.3660 to 1.3704 upside & ultimate all down .

As people say aud as & remain most strong currency rest of the year & eur & jpy weakest & so if anybody like to see ausjpy & euraud analysis can check :
http://www.forexfactory.com/showpost...7&postcount=70
will see you all next morning , goodnight.

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #220,152
  • Apr 4, 2010 2:16pm Apr 4, 2010 2:16pm
Quoting tonyo524
Not at all. but when you trade on any time frame amaller than 4 hours you are subject to the whipsaws of the market. 9 trade winning streak. Lol If i depended on something as small as that, I would be one of those new unemployment claims we read about. I hope you enjoy that 9 trade streak, but I strive for much much higher than that.

Read my past posts. The wins and the losers are all there for you, and would very clearly show you the rational and reason for the sometimes statement. Have fun, I know I will!

i dun know...i hear bout people having very high average risk:reward, but they have not that many winners, some others have it reversed..guess it depends on your style and a lot depends on ur experience..i have been around for too short not to get excited by having a loss free week...
  • #220,153
  • Apr 4, 2010 2:21pm Apr 4, 2010 2:21pm
Quoting ledobedo
i dun know...i hear bout people having very high average risk:reward, but they have not that many winners, some others have it reversed..guess it depends on your style and a lot depends on ur experience..i have been around for too short not to get excited by having a loss free week...
We all have our own trading styles, targets, and goals in this game of sharks and swimmers. Good luck this week to you and all of my FF fam!
All that is left in FF is just plain garbage. "Cloggie"
  • #220,154
  • Apr 4, 2010 2:26pm Apr 4, 2010 2:26pm
Quoting tonyo524
We all have our own trading styles, targets, and goals in this game of sharks and swimmers. Good luck this week to you and all of my FF fam!
swimming with the sharks is the best scenario
  • #220,155
  • Apr 4, 2010 2:34pm Apr 4, 2010 2:34pm
Hi!

Overview on EU, looking to go down, target lower then 1.30

Daily, based on supply and demand we can see a good set up for a downwords movement, based on price action (candles)
http://img151.imageshack.us/img151/4947/35251051.gif

Taking this in consideration, this will form a nice break through on the weekly:
http://img242.imageshack.us/img242/618/eu2q.gif

If looking on trendlines of H4, it has already broken down the support

Cheers!

P.S. this is my first public outlook, can not upload pictures here, using imageshack. Would like to hear your opinion
  • #220,156
  • Apr 4, 2010 2:54pm Apr 4, 2010 2:54pm
http://www.forexfactory.com/showpost...postcount=1232
  • #220,157
  • Apr 4, 2010 3:02pm Apr 4, 2010 3:02pm
USD 4 hour chart looks like a classic bull flag.

My prediction for tomorrow is that USD will drift lower within the flag & after the FED's "surprise under the radar meeting" results of which may be announced same day or during Tuesday's FOMC minutes it will break the flag upwards.
Attached Image (click to enlarge)
Click to Enlarge Name: usd.jpg Size: 51 KB
Prices oscillate, trends persist. Trend is your friend.
  • #220,158
  • Apr 4, 2010 3:11pm Apr 4, 2010 3:11pm
Attached Image
  • #220,159
  • Apr 4, 2010 3:31pm Apr 4, 2010 3:31pm
just based on the number of people here screaming short i will long haha
  • #220,160
  • Apr 4, 2010 3:38pm Apr 4, 2010 3:38pm
Quoting jsspmk
one can not dispute the fact that USD trend remains intact, unlike the ones that state that it finished at 82. If you are a technical trader, then you will understand what I mean.
The only 2 currencies are down

to USD right now and that's EUR and GBP.. Place GBP at 1.60 and EUR at

1.40 and you have USDx at 74 right now already.. CAD almost parity, CHF,

AUD, NZD, Russian Ruble, Mexican Peso, Others as well near highs, - they simply not

in USDx Index, that's all. Fed might start tightening,

but that will kill economy recovery (if any) on the spot.

Middle line for me EUR at 1.36.
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