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  • #233,441
  • Apr 29, 2010 3:47am Apr 29, 2010 3:47am
Quoting Jade Gate
Trichet talks, market listens. 1.3400 is very likely. Both the crosses also support this north traffic for EU. GBP and AU likely to stall while the Euro corrects itself north on the crosses.

that should be veeeerryyy big bullish candle in daily chart if it reaches 3400. Don't think so.
  • #233,442
  • Apr 29, 2010 3:49am Apr 29, 2010 3:49am
Quoting bguguen
who here reckon's EU will drop hard again today??
still fine ,do not see any good news about euro searching the net now . may be secret bailout ! even if done to me not any good for much long.More giveaway more loss to bear .

they also sees it & plan to avoid for the time being by a quick decision .
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #233,443
  • Apr 29, 2010 3:50am Apr 29, 2010 3:50am
This is a very strong and reliable pattern for north. It usually follows through with a very strong north move. It's the same pattern that gave UJ a 100pip north move in quick time yesterday. We'll see.
Attached Image
  • #233,444
  • Apr 29, 2010 3:53am Apr 29, 2010 3:53am
Quoting Jade Gate
This is a very strong and reliable pattern for north. It usually follows through with a very strong north move. It's the same pattern that gave UJ a 100pip north move in quick time yesterday. We'll see.
yea well i dont really like your Pin bar my friend... and how many hours left for your 4h candle to close... because you should see 1H... because it just doesnt seem to Try breaking above 1.3235...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #233,445
  • Apr 29, 2010 3:53am Apr 29, 2010 3:53am
Quoting markonis
that should be veeeerryyy big bullish candle in daily chart if it reaches 3400. Don't think so.
One should never ever under-estimate Trichet's power to move the market. Other than that, the S&P is not ready to drop yet. It has to hit 1236-50 and test hard, and gold has more north to go before it heads south.

GL and GT
  • #233,446
  • Apr 29, 2010 3:55am Apr 29, 2010 3:55am
Quoting bguguen
who here reckon's EU will drop hard again today??

Let us see:

2 days ago, S&P announced downgrade of Greece and Portugal 5 minutes +/- of London market close and it coincides with price hitting the upper downward trendline (short time frame of 10 minutes or less).

1 day ago (yesterday), S&P announced downgrade of Spain 3 minutes before London market close and it also coincides with price being toppish hitting the upper downward trendline (also short time frame of 10 minutes or less).

Coincidence? Manipulation? I am unsure.

However, I am very suspicious. Who is left to downgrade for today close to London market close?

PIIGS

Portugal - done
Ireland - done
Greece - done
Spain - done
Italy - next target
  • #233,447
  • Apr 29, 2010 3:57am Apr 29, 2010 3:57am
Quoting markonis
that should be veeeerryyy big bullish candle in daily chart if it reaches 3400. Don't think so.
It is quite possible as Daily tf as yesterday a sell setup perfection have occured & duely a good retracement should be unless bear is so strong ,if any doubt it to retrace before bear continuation . may there is some doubt presently & trying hard up . so anything can happen whatever seeing from lower tf. and though planned to long today engaged in short so early.

fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #233,448
  • Apr 29, 2010 3:57am Apr 29, 2010 3:57am
Quoting bguguen
who here reckon's EU will drop hard again today??
I see a breakout on the upside, but I'll wait to go long/short, I'm not convinced to go long...
  • #233,449
  • Apr 29, 2010 3:58am Apr 29, 2010 3:58am
Quoting Jade Gate
This is a very strong and reliable pattern for north. It usually follows through with a very strong north move. It's the same pattern that gave UJ a 100pip north move in quick time yesterday. We'll see.

Just curious, could you share why you think that is so, in terms of how you interpret that chart you have attached? Hope to learn something from you.

p.s. Are you looking at potential inside-candle breakout? Because for that attachment, it could also be an inverted flag or descending triangle, depending on how I draw the lines, although granted, I am still learning
  • #233,450
  • Apr 29, 2010 4:00am Apr 29, 2010 4:00am
Quoting Jade Gate
One should never ever under-estimate Trichet's power to move the market. Other than that, the S&P is not ready to drop yet. It has to hit 1236-50 and test hard, and gold has more north to go before it heads south.

GL and GT
oh no, im not saying it can't happen. It's just that I don't think so and this is only my opinion. I don't really care where it will go. I'm not friend of the euro or usd, I will do my orders by the PA whether I will need to sell or to buy
  • #233,451
  • Apr 29, 2010 4:01am Apr 29, 2010 4:01am
Quoting bguguen
Wait till trichet talks about that 800bn thing, bet germany borrowed it somewhere...

im hoping EU will plummet like the entire week...

i saw him yesterday on the news, this man said something very interesting and so true. how poor the decision making process is, it is to slow. he was so frustrated.. lol ...

it fits well a saying i saw written in here somewhere...

...we don't think we do!! we r americans!
  • #233,452
  • Apr 29, 2010 4:01am Apr 29, 2010 4:01am
Quoting Jade Gate
One should never ever under-estimate Trichet's power to move the market. Other than that, the S&P is not ready to drop yet. It has to hit 1236-50 and test hard, and gold has more north to go before it heads south.

GL and GT
Wait what??

Please can you have a look at the relation between gold and EURUSD?? its perfectly Negative Correlated... When gold goes Up EURUSD goes down....

when gold price goes up US strengthens... just look for the past few days... whenever EURUSD drops like 100-150 pips Gold rised epic... reasons for that is when currency is dropping, banks like switzerland buys GOLD to protect their Net Value...

Gold becomes Scarcer, hence price goes up... and gold is traded in USD/ounce of gold, More money enters USD when gold is bought...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #233,453
  • Apr 29, 2010 4:02am Apr 29, 2010 4:02am
Quoting benssol
by the way, are u long now daytrading or not?!
Flipped but light. Took a while to clear all those bad positions at decent valuations.
  • #233,454
  • Apr 29, 2010 4:05am Apr 29, 2010 4:05am
This market isn't about logic, reason or fundamentals. It is about speculation, and speculation alone.

There are times when you have to suspend the analytical mind and just trade the TA and your knowledge.

Forex is a co-dependent system, both within itself and with other markets. All the information you need is usually showing up in the TA ahead of the event. It's having the experience and knowledge to put it to work for you that counts. If you can't get over the fundies/rational/logic approach to trade the speculation, this market will eat you whole.
  • #233,455
  • Apr 29, 2010 4:05am Apr 29, 2010 4:05am
Quoting Sempreviva
i saw him yesterday on the news, this man said something very interesting and so true. how poor the decision making process is, it is to slow. he was so frustrated.. lol ...

it fits well a saying i saw written in here somewhere...

...we don't think we do!! we r americans!
right 2 days ago, i already predicted this happening when Germany keep on delaying this matter, greece debt spread to other nations in EU colony...
i saw this coming...
if they dont do something quick... Greece will literally Pull the entire Europe in this shit hole of debt...

US has been running nearly 2 century with debts in their hand... US is a Debt Driven Country... the Value may increase but they are repaying <- that is what matters.... US has Alot less bad debts, so people in US are always repaid their debts, just a matter of time and how low interested you receive....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #233,456
  • Apr 29, 2010 4:07am Apr 29, 2010 4:07am
Nothing any special about greece factor , lets see what market do next .Stiil all shorts ON & wait till US news 4:30 pm my time . Till then , no see. bye.
fontu
http://money.cnn.com/2010/04/23/news...ster/index.htm
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #233,457
  • Apr 29, 2010 4:07am Apr 29, 2010 4:07am
Xismal

Many thanks for the highlight, I read two day back that Fitch is keeping Italy rate the same for the time been.

"Wednesday, April 28, 2010 16:57:55
(IT) Italy: Fitch does not see any risks to Italy sov ratings at this time (currently rated AA-)
- State faces a smaller challenge in stabilizing its debts in comparison to other Eurozone peripherals
- State must act on medium term finance issues "


Cheers,

Quoting Xismal
Let us see:

2 days ago, S&P announced downgrade of Greece and Portugal 5 minutes +/- of London market close and it coincides with price hitting the upper downward trendline (short time frame of 10 minutes or less).

1 day ago (yesterday), S&P announced downgrade of Spain 3 minutes before London market close and it also coincides with price being toppish hitting the upper downward trendline (also short time frame of 10 minutes or less).

Coincidence? Manipulation? I am unsure.

However, I am very suspicious. Who is left to downgrade...
Depict history, predict future, and the area in between ...
  • #233,458
  • Apr 29, 2010 4:08am Apr 29, 2010 4:08am
Quoting Xismal
Let us see:

2 days ago, S&P announced downgrade of Greece and Portugal 5 minutes +/- of London market close and it coincides with price hitting the upper downward trendline (short time frame of 10 minutes or less).

1 day ago (yesterday), S&P announced downgrade of Spain 3 minutes before London market close and it also coincides with price being toppish hitting the upper downward trendline (also short time frame of 10 minutes or less).

Coincidence? Manipulation? I am unsure.

However, I am very suspicious. Who is left to downgrade...
By the way, France is immediately after Italy... Germany 2 spots behind France... soo yea Greece is literally Pulling the entire europe down...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #233,459
  • Apr 29, 2010 4:09am Apr 29, 2010 4:09am
Quoting bguguen
Wait what??

Please can you have a look at the relation between gold and EURUSD?? its perfectly Negative Correlated... When gold goes Up EURUSD goes down....

when gold price goes up US strengthens... just look for the past few days... whenever EURUSD drops like 100-150 pips Gold rised epic... reasons for that is when currency is dropping, banks like switzerland buys GOLD to protect their Net Value...

Gold becomes Scarcer, hence price goes up... and gold is traded in USD/ounce of gold, More money enters USD when gold is bought...
Dude... what currency is Gold priced in???
  • #233,460
  • Apr 29, 2010 4:09am Apr 29, 2010 4:09am
Quoting Al-Agha
Xismal

Many thanks for the highlight, I read two day back that Fitch is keeping Italy rate the same for the time been.

"Wednesday, April 28, 2010 16:57:55
(IT) Italy: Fitch does not see any risks to Italy sov ratings at this time (currently rated AA-)
- State faces a smaller challenge in stabilizing its debts in comparison to other Eurozone peripherals
- State must act on medium term finance issues "


Cheers,
Thanks for sharing that
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