EURUSD

Could be - but I'm not going to call a bottom. I think we'll see a bull rally - as many have already pointed out the short train is at capacity. But whether the offloading of shorts yields a full trend reversal remains to be seen. But it's conjecture at this point.

Just a guess - but what I expect to see is a bull rally, a pumping of the Euro due to the rescue package and news. But then back to business as usual, with downtrend resumption. Nothing travels in straight lines.

But if it does prove to be trend reversal rather than a pullback....I'm not married to my shorts. Long or short, I don't care.......

Hehe, ma pusti politika me ne zanima, samo Forex

Sasa, im with Atlas. I know they have a subsidiary in Croatia. They are from Montenegro and the server is in Moscow They allow EA and hedging. EU spread is 2 PIPS

http://www.atlas-broker.net/

They are good and attentive with a very good customer care

(Zeljko I hope u r reading this now )

Well said , there were extreme movements in short time & should go for a consolidation if there a solid good news & action in eurozone , as per EW perhaps 4 wave consolidation due & can take any form of complex before start the down , even test retest the bottom , another 5th wave down. this retracement can be as high as 1.3117 ,bottom of wave I , also a tl.

Different levels comes up in different analysis but the outcome more or less similar.and they will depend on the fundamentals regarding greece drama specially & how market reacts taking all sorts of intervention ,manipulation , scam ,news come into action together.
I think 7 more days at least to finish wave 4 & 5th to pave the path of a very good retracement or a real trend if there to come up??
We should save our butts anyway ,by becoming more flexible or wear a politician trait in charactor if not yet to change parties frequently.
fontu

"
BRUSSELS (AP) — French President Nicolas Sarkozy and German Chancellor Angela Merkel announced early Saturday that Europe will set up an intervention mechanism to calm markets rattled by the Greek debt crisis.
Sarkozy and Merkel also said laid out a plan to defend the euro against speculators that should be in place by the time markets open on Monday. This, they said, should stave off any attack against weakened nations whose financial systems are at risk, including Spain and Portugal.
"The euro is an essential element of Europe. We cannot leave it to speculators," Sarkozy said following nine hours of emergency talks by leaders from eurozone nations.
Sarkozy said European finance ministers will hold another emergency meeting Sunday to work out specifics of the anti-speculators plan.
"We will not let others undo what generations have created," said Sarkozy.
Merkel was equally combative, saying: "We will make use of EU mechanism to protect ourselves against speculation."


Read whole article: http://www.usatoday.com/news/world/2...l-crisis_N.htm

*LMFAO* damn... capitulation??? Who would of thought???? dont worry.. round 5 is coming.
we still got china.(mule that shit fast don't shit long) Emerging markets still want U.S.D. .......let them pump it up..this is round 5... 1987... tech and then.. 2008... 2010...it aint over... oil over 80 weakens the economy tick by tick...if you snap your fingers and make all Europe's debt go away. it will not change the have extremely high social cost. (meaning an aging population with fewer workers to fund the Ponzi scheme) This will not change Monday or in 18 years. Lots of youngsters are unemployed, they will take to the streets rocks will be thrown shots will be fired. there is no way it will not happen. Lots of current workers will also take to the streets some with military experience.

there is no way out.. the things talk about will just prolong the inevitable. the eu is still too high. dropping the so called " nuclear option" will just allow ez to buy its own debt (bonds/bunds through printing). as said before.. bad debt is bad debt!!!!! it will be bad debt no matter who holds it!!! if e-union holds it, its still bad debt in the ez. the king has no clothes. the nuclear option will devalue euro!!!! doing nothing will devalue euro!!!! the only way to save the ez (long term) is by lowering its value compared to importers of ez products.. the only way to save euro short term is to let the (banks) debt holders take a haircut. Remember many reserve banks are owned by banks..such as the U.S. Fed.. if the FED don't bail banks out its stock holders lose. is this a conflict of interest?

The swiss (uc) frank is on its way to blowing its top.. the process is started. all we have to do is watch.. this is on yearly charts..not minute are day charts.. the ball is rolling. the proof will be in newer highs.

Europe has always fought even when they had the commoun currency before called gold/silver.
bad economic times will further show the cracks.

ok china.. simple "rule of 72" works like this.. it takes 7 periods of time. multiplied by the % to equal the principle to double.
for instance some of china has real-estate gaining 20 % per month.. (I am not lying) but even 20% a year is out rages.. anyway you have all heard the large % amounts.. i always thought it was bs.. but lets see how it works. I am gonna use the 20% monthly because it was in a china ministry report.

"Rule of 72"
1$ X 3.5 months =2$ and so on.
7m=4$
10.5m=8$
14m=16
17.5m=32
21m=64
24.5m=128
28m=256
31.5m=512
35m=1,024
38.5m=2,048
4m2=4,096
45.5m=8,192
49m=16,384
52.5m=32,768
56m=65,536
59.5=131,072

now we can see why china produces so many new billionaires. good money if your in the pozi scheme early(and got out). not so good if you got in late. not so good if your the bank holding this mortgage late in the process. are these new billionaires true billionaires? they are on paper.. china has built cities that are empty. workers cant afford to buy these homes in some cities (so they sit empty). china has a cubicle worth of office space for each man women and child in china (over built?)... watch copper prices.

i read there are millions.. of workers coming to china cities each day for work. i read unemployment is high and rising.. Bubble? is foreign investment that funded this in trouble? Are the Chinese banks in trouble. who can afford to pay the interest on empty buildings? much less entire empty cities..

i talked about the big wedges in the commodity pairs.. look at what oil has done.. chf has a mighty big bull wedge also.. its lower tl is from 1975.. just a portion of chf wedge could put eu below .50 or even lower.. U.S. of course would try to prevent this. but if currency confidence is lost in euro, u.s. cant stop it. Well my guess is the Swiss already bet on the wrong horse. The Swiss bought Euros above today's price 1.3xxx/1.4xxx.. they are still holding the bag on a losing horse..What happens if the Swiss unload? will they just buy gold with euros?

stay tuned.. tick tock.. this train wreck is picking up speed no longer in slow motion..


fellows all the bailout does is save the banks.. not Greece or the euro. the banks made bad loans.. let them live or die with it. your bailing out bank stock holders... billionaires... your taking the risk out of investment for them and spreading it to the tax payer. simple as that. no matter the country..
sheep..

sounds like panic to me.. and what are they gonna do about the Swiss frank???? remember beans for gold or lead for gold.. its my choice..

let it go up.. the higher the better.

I wouldnt want to be short over the weekend!

Europe will send “a very clear signal against those who want to speculate against the euro,” Merkel said.

the bottom is 0

I agree. Well spoken indeed. I'm sure there will be a bounce attempt. I don't have much faith in it, but these crooks will try we know that. I'll laugh if there is another gap like last Sunday that gets sold into right away.

I'm sure the big boys are saying "bring it on then". That's what the bank of japan said too. It only works until doesn't.

it may take time. i would love a bounce.. a crack in the dam only gets worse.. you have only so many fingers. the only reason there was a meeting this week. and the only reason there was all this Greek bs over the last few months is the charts exposed it. Long before Greece was in the news. Greece was just a reaction to the symptom. you got a 110 billion euros buying a bandaid that 10 trillion cant stop..

Yeah doesnt always work out in the long run but in the short term they could trigger over 500 pip moves esp when theres so many shorts on.

Gap up?? what if it gaps down?? confidence is everything. the king has no clothes.

Yeap, for $USD. And OIL at $80 is cheap. We leave in 2010 not in 1970.

If it gaps down, then God help us all. Seriously though, it really is that bad. Worldwide. The politicians have gotten in bed with big business and have screwed us all. This has been decades in the making.

you should of took your own bet. It showed no confidence in your analysis when you didn't.

Let them snap their fingers and suck more sheep into the ponzi scheme. ponzi schemes only work with fresh sheep. You do your best to heard them that way. That is plain wrong.

Personally, I'm hoping for a huge gap up. Blue light special.

i dont know about all countries. if you got a central bank see who owns it.
if its other private banks, where do you think their loyalty lies? BB has a fiduciary duty to make money for the stock holders. the stock holders are private banks (Fed owners). private banks contribute to same politicians saving banks. banks are being saved with bailout not Greece. Greece will be their tomorrow with or without bailout so will the Acropolis.