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  • #238,761
  • May 7, 2010 9:08pm May 7, 2010 9:08pm
Quoting SkyzerFX

1.30 EUR 1.65 GBP (+ -) sounds about fair.. I was a child when

.
I don't know about the pound.. but the "fair" EUR/USD is 1.17. according to purchasing power.. That was the targeted rate.. Initial rate..
  • #238,762
  • May 7, 2010 9:24pm May 7, 2010 9:24pm
Quoting pipper
Euro zone leaders decided on Friday they have special measures ready before financial markets open on Monday to prevent financial turmoil in Greece spreading to other countries such as Spain and Portugal.
If only we had a free market to tell these politicians where to shove their "solutions".
  • #238,763
  • May 7, 2010 9:51pm May 7, 2010 9:51pm
Quoting Mr J
If only we had a free market to tell these politicians where to shove their "solutions".
I'll drink to that statement.
"Don't trade to trade . . . trade to win." - James16
  • #238,764
  • May 7, 2010 10:51pm May 7, 2010 10:51pm
Quoting pipper
http://finance.yahoo.com/news/Euro-z...html?x=0&.v=16

Euro zone leaders decided on Friday they have special measures ready before financial markets open on Monday to prevent financial turmoil in Greece spreading to other countries such as Spain and Portugal.
Seems to me they know they are fucked and are blowing smoke up everyone's ass to slow the bleeding as long as possible. Why do you think they keep making these ambiguous statements day after day, week after week?

"We will defend the euro whatever it takes."
"take whatever steps were needed to protect the stability of the euro area."
"We have several instruments at our disposal and we will use them,"

"He declined to give any details of the proposals"

I wonder why
  • #238,765
  • May 8, 2010 2:01am May 8, 2010 2:01am
Quoting whiteeclipse
Germany and France approves aid package for Greece, it appears EUR/USD will open higher. I think it will open around 1.2800 Sunday, anyone else think the same.

To tell you the truth I don`t.... Or maybe opens there but slowly will come back down. The market and the investors are great pretenders when pretend to believe that everything is nice and good, but now all is so uncertain... But I am also curious about people`s opinion about that. Does anyone think that it goes quickly back up to 1.3 levels?
  • #238,766
  • May 8, 2010 2:51am May 8, 2010 2:51am
Speculators now hold highest level of dollar longs since the start of the Euro.
23.3 billion, an increase from 7 billion the previous week. That's a ~45% increase. A record 103,403 contracts are short the Euro. Wow.
That's a lot of fear guys, or a lot of greed. Since the big fall on Thursday night (which caught me out BTW), some of those bets must have hit some targets.
Now, what happens when they all jump off the short train. This train is too full for my liking.
There's going to be a lot of tickets being shredded soon. Watch this space.
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  • #238,767
  • May 8, 2010 3:32am May 8, 2010 3:32am
Quoting Atlast
Speculators now hold highest level of dollar longs since the start of the Euro.
23.3 billion, an increase from 7 billion the previous week. That's a ~45% increase. A record 103,403 contracts are short the Euro. Wow.
That's a lot of fear guys, or a lot of greed. Since the big fall on Thursday night (which caught me out BTW), some of those bets must have hit some targets.
Now, what happens when they all jump off the short train. This train is too full for my liking.
There's going to be a lot of tickets being shredded soon. Watch this space.
I agree, it fell to much the last weeks, so a FIB 50% retracement is likely..
  • #238,768
  • May 8, 2010 3:34am May 8, 2010 3:34am
“The Council, the Commission and the European Central Bank as well
as all euro area member states agreed to use the full — the full range
of means available to ensure the stability of the euro area,” Barroso
said. They “will defend the euro, whatever it takes.”


My opinion, we will experience an intervention of ECB on eurusd.... probably in Monday, cause I don't believe this suckers would do so at the weekend.. that would prooly destroy any respect to ECB and their politics.
  • #238,769
  • Edited 4:25am May 8, 2010 3:49am | Edited 4:25am
Quoting Predi
“The Council, the Commission and the European Central Bank as well
as all euro area member states agreed to use the full — the full range
of means available to ensure the stability of the euro area,” Barroso
said. They “will defend the euro, whatever it takes.”


My opinion, we will experience an intervention of ECB on eurusd.... probably in Monday, cause I don't believe this suckers would do so at the weekend.. that would prooly destroy any respect to ECB and their politics.
Well said , yes they can surely do or re-enforce previous action only if there prevail or already developed a basic trust of security that come into action. simply words can't misguide investors for long time . Do it now or scam it for a while , my idea.

As per TD weekly counts 1 more week ( 8th running of the setup downd rally ) to fall or at least double bottom expected with previous week low / close wherever it go up ,may be 1.3350 , just assume, may not any or much up .
here if price go at & above 1.3409,higher than thought , may cancell this setup perfection temporarily.

In monthly chart the down rally is in the middle only , 5 more months to go mostly close one below the other ,with massive internvention & gross trend change cancelling this setup at & above 1.3615 , too high.

short tickets still may be there whenever too long & relax when not or any political trait in the character , take 2 tickets.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #238,770
  • May 8, 2010 4:01am May 8, 2010 4:01am
Quoting hyperion1980
I agree, it fell to much the last weeks, so a FIB 50% retracement is likely..

50% retrc concerning what levels ?

You may mean them among 1.3692 - 1.2521 ?

Thnx a lot ....
  • #238,771
  • May 8, 2010 4:45am May 8, 2010 4:45am
Quoting Predi
“The Council, the Commission and the European Central Bank as well
as all euro area member states agreed to use the full — the full range
of means available to ensure the stability of the euro area,” Barroso
said. They “will defend the euro, whatever it takes.”


My opinion, we will experience an intervention of ECB on eurusd.... probably in Monday, cause I don't believe this suckers would do so at the weekend.. that would prooly destroy any respect to ECB and their politics.
Wouldn't Barroso's statement allready be an intervention? Let's see how the big traders and Punters react.
  • #238,772
  • May 8, 2010 5:24am May 8, 2010 5:24am
I use Varengold.
Sasa

Quoting T@rantula
I dont use EA mate. I have made a customized Spider system, which i use to spot good entries and exits. Its based on divergences, 3 strike rules, bartrending, s/r levels and it consists of everything I need in order to hunt for pips


Which 1 is ur broker?
  • #238,773
  • May 8, 2010 5:25am May 8, 2010 5:25am
Odličan.
sASA
Quoting SilverShark
Ja sam bas iz Zemuna Nadam se da je provod bio dobar
  • #238,774
  • May 8, 2010 6:02am May 8, 2010 6:02am
lets see if the next week will be big retrace on most pairs !
  • #238,775
  • May 8, 2010 6:46am May 8, 2010 6:46am
Germany's highest court said on Saturday it had rejected a request from a group of academics to block the immediate release of a German loan to Greece, allowing the financial aid to flow to debt-stricken Athens.
Germany | Greece
The five academics had argued that the financial aid -- part of a euro zone/International Monetary Fund package -- was not provided for under European Union treaties and would give rise to inflationary policies.
The constitutional court rejected their request to prevent the immediate flow of loans to Greece, which asked for the aid to cope with a debt crisis that has rocked financial markets and brought the future of European integration into question.
"The complainants did not present concrete evidence that their rights, in particular as regards article 14 (on property rights) of the basic law (constitution), would be severely and irreversibly affected as a result of the guaranteed loan," the court said in a statement.
A spokeswoman for the court said it had yet to decide on the plaintiffs' parallel challenge to the legality of the aid but that this would not happen any time soon -- meaning any ruling would be probably be academic as Germany would likely have already released the funds to Greece.
Four of the academics had previously lost a challenge to the introduction of the single currency in Europe.
Germany's parliament Friday approved a bill on Germany's contribution to the multi-billion euro rescue package for Greece, despite widespread public opposition to the measure, and President Horst Koehler signed it into law.
The law could see Germany lend 22.4 billion euros ($30 billion) to Greece over three years.
Despite initial resistance to agreeing Greek aid due to massive popular opposition to a bailout, German Chancellor Angela Merkel said earlier this week the future of Europe depended on approving the package.
Andreyou
  • #238,776
  • May 8, 2010 6:56am May 8, 2010 6:56am
In my opinion I would say that the Bears will be tired after eating so much Honey the last few weeks and after one last effort to get a renewed low they will sit back and contemplate their full fat tummys.
I operate with clear definite rules, if I break them I lose BIG!
  • #238,777
  • May 8, 2010 7:38am May 8, 2010 7:38am
http://www.zerohedge.com/article/nea...et-casino-scam
  • #238,778
  • May 8, 2010 8:02am May 8, 2010 8:02am
Quoting whiteeclipse
Germany and France approves aid package for Greece, it appears EUR/USD will open higher. I think it will open around 1.2800 Sunday, anyone else think the same.
Yeap, 1.25 was the bottom. IMHO
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #238,779
  • May 8, 2010 8:07am May 8, 2010 8:07am
Quoting Atlast
Speculators now hold highest level of dollar longs since the start of the Euro.
23.3 billion, an increase from 7 billion the previous week. That's a ~45% increase. A record 103,403 contracts are short the Euro. Wow.
That's a lot of fear guys, or a lot of greed. Since the big fall on Thursday night (which caught me out BTW), some of those bets must have hit some targets.
Now, what happens when they all jump off the short train. This train is too full for my liking.
There's going to be a lot of tickets being shredded soon. Watch this space.

Ha-ha-ha .. That's exactly what's going to happened. Why you think

they approve package over the weekend? Watch those shorts go

belly up on Monday..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #238,780
  • May 8, 2010 8:20am May 8, 2010 8:20am
Quoting Atlast
Speculators now hold highest level of dollar longs since the start of the Euro.
23.3 billion, an increase from 7 billion the previous week. That's a ~45% increase. A record 103,403 contracts are short the Euro. Wow.
That's a lot of fear guys, or a lot of greed. Since the big fall on Thursday night (which caught me out BTW), some of those bets must have hit some targets.
Now, what happens when they all jump off the short train. This train is too full for my liking.
There's going to be a lot of tickets being shredded soon. Watch this space.
Hi bro
Nice image ,Truly image can describe better than words
There is always another Train I'm not interested in this one simply there will be a lot of risk and damage
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