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  • #223,281
  • Apr 10, 2010 9:53am Apr 10, 2010 9:53am
Quoting gatorinla
i agree.. im questioning the manipulation. fitch wanted to make this call long ago. they even suggested it a month back. im sure many goverments pressured them not too, including the u.s. so its "shit or get off the pot time". none of the goverments want a fast decline of a major currency. it could destablise the world economy. but the manipulation built those charts..
Right , manipulation is now an established part of the charts , in every part of the life activities , without it the wrold would not move forwards perhaps.

let them do to be done next otherwise pulling it down to 1 or around can never be possible . let they mistake and that very mistake let the down into the well.
wish a grand success to the manipulator & will short very big next time , just wanted to take/practise long term trades last week but did not continue.
new cycle already unfolding & next leg up as wave 2 now due perhaps or invitable due to manipulators & very big 3rd wave to come.more the retracement the more strong it go down w3.


fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #223,282
  • Apr 10, 2010 9:56am Apr 10, 2010 9:56am
Quoting suthmo
Now, you listen to me! I want trading
reopened right now. Get those brokers back in here! Turn those
machines back on!
Suthmo

you put a smile on my face man. I remember that scene in trading places. Great film
If you think you can or cannot do it you are correct
  • #223,283
  • Apr 10, 2010 10:08am Apr 10, 2010 10:08am
Quoting gatorinla
today is not the first bank down grade. they had one feb. 23. for a 300 pip drop. back then there was bail out talk too. but this was before greece the country was down graded. if there is a run on the banks it will affect all of ez banks. And more then likely cross the atlantic and pacific. central banks will play games.

this could be...
you are kidding right .. you basing your down move of euro on a bank downgrade ?

did you know almost 50 have gone down this year so far ? and what is dj doing ? going down NO
Blogging daily now at www.volume.zone
  • #223,284
  • Edited 10:49am Apr 10, 2010 10:20am | Edited 10:49am
@ the yellow arrow I started buying gold.

Ppl told me I would be crazy (they still tell me). "Too expensive, no interest, worthless metal nobody can eat"

Those ppl probably bought tomatoes to save their money, because they can eat it, they are cheap and they get high interest quick (mold).

If I remember at those old days, the price was slow. 5 bucks up was like a earth shaking and 10 bucks was big trouble for some shorties ending in a squeeze.

I still have some cfds from those old days, but will lock in profits of some soon again.
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Sometimes I lose. Sometimes the others win.
  • #223,285
  • Apr 10, 2010 10:25am Apr 10, 2010 10:25am
ok lets get rid of any rumours or greece is broke blah blah blah. Eurozone will never let Greece fail easy as that

everything we need to know is in the charts. ... the down move was seen and now we see the formation of the up move, in fact noticed this three days ago in that low spread above ave volume candle. The volumes tell us all , reading them coreectly in relation to candles isl ike reading a book.

target for week once that tl is broken 1.3600 but more liekly 1.3760 due to atr euro weekly being about 300 and with good news we may see 400 pip

assuming we do not go much lower than last weeks close at 1.3500 we see 1.3800

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Blogging daily now at www.volume.zone
  • #223,286
  • Apr 10, 2010 10:48am Apr 10, 2010 10:48am
Quoting malcolmb14
you are kidding right .. you basing your down move of euro on a bank downgrade ?

did you know almost 50 have gone down this year so far ? and what is dj doing ? going down NO
Listen to this man. On point!
Greece is over, done with, to bed. Greece is already boxed up with a red bow on it.

Ever heard of sell the rumor buy the news?

I will quote myself from yesterday since nobody cares < g > :
Quote
(**Note the combination of the Greece news EU/IMF when we first hit Monthly S1 March 25th, that was 'THE' moment)
----- Dragonfly out in the sun you know what I mean, don't you know
  • #223,287
  • Apr 10, 2010 11:01am Apr 10, 2010 11:01am
Quoting sophiaphia
Listen to this man. On point!
Greece is over, done with, to bed. Greece is already boxed up with a red bow on it.

Ever heard of sell the rumor buy the news?

I will quote myself from yesterday since nobody cares < g > :
Outcome remains to be established, like I asked Malcomb yesterday about Eur's inability to close above 1.51 as that is the level it must take out. We have now witnessed strong action of 1.32s now follow through is required otherwise it will be a failed attempt to secure new highs & we see another run towards Q1 low 1.3266. Personally, I consider this stage 2 of a bounce formation, at least 1 more is required - a breakout.

Regarding Greece. Everything remains suspended in mid air, apart from ECB statement "we won't let Greece fail", well how the heck are you going to do it then? Tell us, otherwise it is a blanket statement with the only purpose to stop panic surrounding EU.
Prices oscillate, trends persist. Trend is your friend.
  • #223,288
  • Apr 10, 2010 11:10am Apr 10, 2010 11:10am
Quoting jsspmk
Regarding Greece. Everything remains suspended in mid air, apart from ECB statement "we won't let Greece fail", well how the heck are you going to do it then? Tell us, otherwise it is a blanket statement with the only purpose to stop panic surrounding EU.
That is probably the only true statement. They can't let it going bankrupt. If they do so, the euro is in more trouble than before, because then the other piigs might get the same option and an euro with only a couple of countries left and even them drifting apart is the end of the euro. So, the taxpayer will make it. As always. Plus ez taxpayers are dumb morons without any confidence in their own zone. No trouble just because of Greece.

I attached a chart with just an idea. Could go as high as 1.45 mid term. Highly speculative, though. Would not trade on that alone.
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Sometimes I lose. Sometimes the others win.
  • #223,289
  • Apr 10, 2010 11:13am Apr 10, 2010 11:13am
April 10 (Bloomberg) -- Germany is prepared to give Greece loans at below-market interest rates, dropping its opposition to aid subsidies in a compromise over the terms of a lifeline for the debt-stricken nation, a European government official said.

The loans would be priced above the rate charged by the International Monetary Fund, which would also participate in an EU-led rescue, said the person, who spoke on condition of anonymity. Such an arrangement would satisfy German demands that Greece shouldn’t be given subsidized loans, the person said. EU finance ministers may agree to the formula for calculating the loans on a teleconference tomorrow, the person said.
Prices oscillate, trends persist. Trend is your friend.
  • #223,290
  • Apr 10, 2010 11:24am Apr 10, 2010 11:24am
Quoting jsspmk
Outcome remains to be established, like I asked Malcomb yesterday about Eur's inability to close above 1.51 as that is the level it must take out. We have now witnessed strong action of 1.32s now follow through is required otherwise it will be a failed attempt to secure new highs & we see another run towards Q1 low 1.3266. Personally, I consider this stage 2 of a bounce formation, at least 1 more is required - a breakout.

Regarding Greece. Everything remains suspended in mid air, apart from ECB statement "we won't let Greece fail", well...
easy very easy as to why euro did not close above 1.35000.

euro daily atr 14 is 110 pip . Low of london / us was 1.3362 , high 1.3500. In fact above the atr.

For euro to have a larger atr than even 138 pips ( 20 % above normal) would have been super bull.

Moving forward to Sunday. I hope there is no gap , or at least gap is filled. I want to get long off 1.3475 to 1.3450 with move to 1.3650 to 1.3800 by end of next week
Blogging daily now at www.volume.zone
  • #223,291
  • Apr 10, 2010 11:43am Apr 10, 2010 11:43am
Quoting malcolmb14
easy very easy as to why euro did not close above 1.35000.

euro daily atr 14 is 110 pip . Low of london / us was 1.3362 , high 1.3500. In fact above the atr.

For euro to have a larger atr than even 138 pips ( 20 % above normal) would have been super bull.

Moving forward to Sunday. I hope there is no gap , or at least gap is filled. I want to get long off 1.3475 to 1.3450 with move to 1.3650 to 1.3800 by end of next week
I don't buy the ATR argument, because we all know that when Euro moves away from a critical level it can move way above its atr. I look at it that price failed to take out 1.35, but because it didn't bounce of it either leaves me at 50/50 odds about the strength behind this upside. Also, since you mention volume could you tell us how last week's volume compared to last 20 weeks perhaps. Thanks.
Prices oscillate, trends persist. Trend is your friend.
  • #223,292
  • Apr 10, 2010 11:45am Apr 10, 2010 11:45am
Quoting malcolmb14
easy very easy as to why euro did not close above 1.35000.

euro daily atr 14 is 110 pip . Low of london / us was 1.3362 , high 1.3500. In fact above the atr.

For euro to have a larger atr than even 138 pips ( 20 % above normal) would have been super bull.

Moving forward to Sunday. I hope there is no gap , or at least gap is filled. I want to get long off 1.3475 to 1.3450 with move to 1.3650 to 1.3800 by end of next week
Thanks for all good information ,every piece of your post there are something to learn.

The immediate market open can be with or without gap , price will test first tl at 1.3517/20 & back again to 1.3439 to even 1.3394 to further test & regain confidence & support before break upside.immediate action in a weekly tf should take enough down for the daily.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #223,293
  • Apr 10, 2010 11:49am Apr 10, 2010 11:49am
Quoting Olu
Suthmo

you put a smile on my face man. I remember that scene in trading places. Great film
GREECE:

Inserted Video
Founder of Sutherland Wave Principle
  • #223,294
  • Apr 10, 2010 11:54am Apr 10, 2010 11:54am
Quoting enterfx
Hey guys, I was away today and glad I was flat today.
I closed all my shorts yesterday/ last night, but should have done it
BEFORE which is partly why I'm making this post.



How to identify potential reversals *BEFORE* they occure:
-----------------------------------------------------------
This post and case study is as much for my own benefit as for anyone elses. I
clearly need to practise this method much more ;=)

This method is easy and can be really useful, and many times alert you ahead of
bigger reversals. I'm sure many of...

This post was very helpful to me, as i seem to get in trouble figuring that the trend has changed. I'll keep a eye out for this, thanks again.
Alex
If only I knew then what I know now...
  • #223,295
  • Apr 10, 2010 12:24pm Apr 10, 2010 12:24pm
Quoting suthmo
GREECE:

http://www.youtube.com/watch?v=1y-IfbQbkrI
Wish I could make a boatload of cash like those guys made in OJ
If you think you can or cannot do it you are correct
  • #223,296
  • Apr 10, 2010 12:26pm Apr 10, 2010 12:26pm
I left America in November and gasoline was $3 a gallon. I just heard it's up to $9 is that true? I would be thinking about shorting the DOW and USA Ten year bond this year before they crash it again. Bernanki said the little guy is gonna prop up the collapse this year with higher taxes, cuts in education and you bet your ass all social programs (social security). Oh and cuts in the military (bullshit) They'll keep that going with black budget. I got out while the going was good. Dow 1000 gold 3000.
Founder of Sutherland Wave Principle
  • #223,297
  • Apr 10, 2010 12:33pm Apr 10, 2010 12:33pm
Is that a bad print on futures, according to multiple sources there is a June contract close @ 1.3456.

http://futuresource.quote.com/charts...dium&b=bar&st=

http://www.dormantrading.com/TraderT...6M0&page=quote
Prices oscillate, trends persist. Trend is your friend.
  • #223,298
  • Edited 12:56pm Apr 10, 2010 12:39pm | Edited 12:56pm
Quoting suthmo
I left America in November and gasoline was $3 a gallon. I just heard it's up to $9 is that true?
Nah. Not as high as in ez:

http://www.houstongasprices.com/GasP...list=0&typ=adv

http://benzinpreis.de/statistik.phtml

One price a gallon. The other a quart (approx.)

1.45*1.35*3.78=7.40 usd is the price of gas in Germany per gallon with 1.35 exchange rate.

Compared to us it is thus around 2.5-3 times higher. Reason: Tax. Do ppl kill their politicians? They not even go to tea parties. They defend their tax, what they pay. They believe without tax the sun would not shine. What will they do if they get a rise in tax? They will applaud and pay more money. Just if it hits 100% tax, then they might start thinking (if some brain left). It's already about 75-80% tax and fees all together (income tax, health insurance, sales tax, ...). For those who work.

Greece is just a couple of billions. A local medium size bank annual throughput. Nothing than peanuts. Ppl will pay a bit more tax and thats it. Priced in already in eurusd exch. rate. I guess.

Watch for the other piigs. Italy will be a bigger shunk to eat.
Sometimes I lose. Sometimes the others win.
  • #223,299
  • Apr 10, 2010 12:42pm Apr 10, 2010 12:42pm
ATR is not a measure of bullish/bearish it is a tool to measure relative volatility


Quoting malcolmb14
easy very easy as to why euro did not close above 1.35000.

euro daily atr 14 is 110 pip . Low of london / us was 1.3362 , high 1.3500. In fact above the atr.

For euro to have a larger atr than even 138 pips ( 20 % above normal) would have been super bull.

Moving forward to Sunday. I hope there is no gap , or at least gap is filled. I want to get long off 1.3475 to 1.3450 with move to 1.3650 to 1.3800 by end of next week
Its all in the mind.
  • #223,300
  • Apr 10, 2010 12:44pm Apr 10, 2010 12:44pm
My plan for this week #479
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