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  • #242,301
  • May 14, 2010 6:20pm May 14, 2010 6:20pm
NO one can guess if the gap in mondy will down or up ...plz help me
  • #242,302
  • Edited 6:51pm May 14, 2010 6:38pm | Edited 6:51pm
Quoting The Fool
what happened at 1.2328 such that the players who really move the market will take note and say, "uh-oh, we better hold up selling the pos euro - there's an important 'technical level' at 1.2328."....?
1.2328 is lowest level reached by E/U in the last 4 years. It bounced from this level last time.
  • #242,303
  • May 14, 2010 6:39pm May 14, 2010 6:39pm
Have a good weekend everybody. Made significant amount of money this week and already made the witdrawal. Saving some for vacation in Europe(its cheaper now right? - Greece keep popping up ) No open position over the weekend. Time to reorganize my trading desk.

For this i'm eternally grateful to God and to the wonderful nation called Forex Factory.

Great Bodies are Engineered not Born
  • #242,304
  • May 14, 2010 7:36pm May 14, 2010 7:36pm
Quoting RichLadyFX
Have a good weekend everybody. Made significant amount of money this week and already made the witdrawal. Saving some for vacation in Europe(its cheaper now right? - Greece keep popping up ) No open position over the weekend. Time to reorganize my trading desk.

For this i'm eternally grateful to God and to the wonderful nation called Forex Factory.
congatus sis. with ever strong sgd u dont even need to exchange ur currency to usd.
USD is fake but EURO is fated.
  • #242,305
  • May 14, 2010 7:56pm May 14, 2010 7:56pm
Quoting charron
1.2328 is lowest level reached by E/U in the last 4 years. It bounced from this level last time.
I would not bet any part of my funds on one bounce in 4 years.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #242,306
  • May 14, 2010 8:04pm May 14, 2010 8:04pm
Quoting The Fool
I would not bet any part of my funds on one bounce in 4 years.
I would not bet any part of my funds on a bounce .
  • #242,307
  • May 14, 2010 8:56pm May 14, 2010 8:56pm
Quoting snprr
I'm short from 1.2176 sl: 1.2265. I took the position Friday..................

Thanks
snprr
(that was the first post in this thread.)

its a yoyo world mr snprr.
we are not far away from where you had been.
  • #242,308
  • May 14, 2010 8:58pm May 14, 2010 8:58pm
Quoting cheagil
(that was the first post in this thread.)

its a yoyo world mr snprr.
we are not far away from where you had been.
LOL, let's pop a bottle when it reaches 1.2176, this shows that if you have enough patience and low leverage you dont have to use stops. Just kidding. I wonder if he made a profit before it went up.
  • #242,309
  • May 14, 2010 9:34pm May 14, 2010 9:34pm
Nice, let it go to 1.18, and then to 3.0 in 2011. That would be very nice indeed to get in an hold. 18,200 pips LOL, that's about 1,500 a month while drinking pina coladas.
" It may reach $1.18 by next month, Uno said.
Uno was the only analyst to forecast the euro would fall below $1.30 this year, according to a Bloomberg News survey of 12 Tokyo-based strategists taken at the end of last year.
The European Central Bank will eventually be forced to introduce a near zero interest-rate policy, Uno said. It may cut borrowing costs from 1 percent to 0.1 percent, the same level as the Bank of Japan’s benchmark rate, he said.
The EU is unlikely to break apart and the euro’s losses will be limited during the second half as concerns over budget deficits and fiscal sustainability spill over to the U.S., damping demand for the dollar, according to Uno. The dollar may weaken to $1.35 versus the euro at the end of this year and tumble to as low as $3 per euro in 2011, he said."
http://preview.bloomberg.com/news/20...-uno-says.html
  • #242,310
  • May 14, 2010 10:03pm May 14, 2010 10:03pm
Quoting wwwin
Nice, let it go to 1.18, and then to 3.0 in 2011. That would be very nice indeed to get in an hold. 18,200 pips LOL, that's about 1,500 a month while drinking pina coladas.
" It may reach $1.18 by next month, Uno said.
It looks more likely that uno will be right about 1.18, possibly even lower to 1.16 - as things will get more messy in the next few months as spain will likely pullout bigger cat than Portugese
  • #242,311
  • May 14, 2010 10:09pm May 14, 2010 10:09pm
Quoting charron
It looks more likely that uno will be right about 1.18, possibly even lower to 1.16 - as things will get more messy in the next few months as spain will likely pullout bigger cat than Portugese
I hope so...then when the EZ crap settles down, man, whoever gets in at the bottom and holds it's going make a small fortune with just a few standard contracts, sooner or later the dollar will have to collapse for the US to be able to pay it's sovereign debt. If Uno is right on both counts, there is a lot of money to be made.
  • #242,312
  • May 14, 2010 10:38pm May 14, 2010 10:38pm
Have you guys Noticed Eur/NZ ? over 8500 Pips in a year !!

Thats Insane
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  • #242,313
  • May 14, 2010 10:42pm May 14, 2010 10:42pm
Uno is fulla shit. Gosh, remember just 8 months ago when all the blab was about how the USD's status as the world's reserve currency was in jeopardy? China making noise about the weak dollar? Russia selling off her $ reserves? Don't hear that anymore, do we?

What is there to replace Daddy Warbuck? Nada. Europe is a basket case and the overvaluation of the euro was based on lies, all coming to light now. If the EMU breaks apart there will be some healthy states, none of them much bigger than California. Gold standard? You better hope not. The Chinese? Please.

The USA has many of the same problems that the EU does, but of course, there are notable exceptions:

- the USA is a unified nation; the EU is a fledgling experiment and the unity based on a common currency is starting to look pretty shaky
- the USA is the world's banker and no other entity has the institutons that can supplant that position

An extended period of USD strength is on tap. Anybody who is predicting E/U at 3.0 by next year is delirious at best.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #242,314
  • Edited 11:07pm May 14, 2010 10:57pm | Edited 11:07pm
Quoting The Fool
Uno is fulla shit. Gosh, remember just 8 months ago when all the blab was about how the USD's status as the world's reserve currency was in jeopardy? China making noise about the weak dollar? Russia selling off her $ reserves? Don't hear that anymore, do we?

What is there to replace Daddy Warbuck? Nada. Europe is a basket case and the overvaluation of the euro was based on lies, all coming to light now. If the EMU breaks apart there will be some healthy states, none of them much bigger than California. Gold standard? You better hope not. The Chinese?...
You might be right, but what is the plan to pay this? Everytime I refresh the page it goes up. So what's the plan?
http://www.brillig.com/debt_clock/

and with this financial reform crap, a lot of banks are just going to go offshore, nobody is going to tell banks what to do. The US is a service economy, if financial services go offshore, jobs will follow there for americans moving abroad, less tax revenue.
And you deport all the illegal mexicans, well that's a big cut to the GDP and they pay taxes even if their illegality here, so less tax revenue. So maybe Uno is not so delirious.
  • #242,315
  • May 14, 2010 11:06pm May 14, 2010 11:06pm
Quoting wwwin
You might be right, but what is the plan to pay this? Everytime I refresh the page it goes up. So what's the plan?
http://www.brillig.com/debt_clock/
I'm not saying thats not fubar & I'm not saying its not a problem. But this is an imperfect world and everything is relative. This game is about the relative values of currencies and the mere fact that the USA will enjoy a continued position as the world's banker means that the USD will not crash & burn.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #242,316
  • Edited 11:25pm May 14, 2010 11:11pm | Edited 11:25pm
Quoting The Fool
I'm not saying thats not fubar & I'm not saying its not a problem. But this is an imperfect world and everything is relative. This game is about the relative values of currencies and the mere fact that the USA will enjoy a continued position as the world's banker means that the USD will not crash & burn.
I am not saying they are going to crash and burn, but inflation will be the only way to pay the debts,,,,,you will have more business moving offshore b/c of too restrictive laws....and deporting all the illegals or less immigration...less growth or negative growth...less taxes collected...then you have the socialized health bill, hugely costly...a war that will never end(How long have the Jews and Arabs been fighting)...a very weak dollar will at least help with the debt servicing.
A weak dollar is the salvation not the damnation.
Short and Mid term dollar gets stronger...longer term, steady weaking dollar, much weaker than it's even been.
That's the only way, unless there is plan, but what's the plan???
  • #242,317
  • May 14, 2010 11:24pm May 14, 2010 11:24pm
Quoting wwwin
and with this financial reform crap, a lot of banks are just going to go offshore, nobody is going to tell banks what to do. The US is a service economy, if financial services go offshore, jobs will follow there for americans moving abroad, less tax revenue.
And you deport all the illegal mexicans, well that's a big cut to the GDP and they pay taxes even if their illegality here, so less tax revenue. So maybe Uno is not so delirious.
US banks are going nowhere. Name one major US financial institution that has done so, or has even threatened to do so. Financial reform is not crap; its a dire necessity. Banks will survive it and thrive.

The US is by no means a service economy. It is an expansionist economy that has migrated alot of manufacturing overseas, but huge manufacturing base remains. A huge base of technological innovation is retained.

And anybody who thinks illegal immigrants are leaving is dreaming, and you better hope they don't wake up. Because that means that shit has got bad enough that white Americans are out there picking fruit and digging ditches by hand, and they don't/won't/can't do that now. And anybody who thinks they do/can/will has not bothered to look around at the real world very hard.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #242,318
  • Edited 11:55pm May 14, 2010 11:27pm | Edited 11:55pm
Quoting The Fool
US banks are going nowhere. Name one major US financial institution that has done so, or has even threatened to do so. Financial reform is not crap; its a dire necessity. Banks will survive it and thrive.

The US is by no means a service economy. It is an expansionist economy that has migrated alot of manufacturing overseas, but huge manufacturing base remains. A huge base of technological innovation is retained.

And anybody who thinks illegal immigrants are leaving is dreaming, and you better hope they don't wake up. Because that means that...
We shall see where it is in a year. What's the plan to balance the budget? All I see is a growing deficit with no plan to decrease, how long can they keep it up?
http://crfb.org/blogs/90-percent-deb...debt-estimates

National debt is currently close to 90% of GDP and growing...history shows that every time it reaches 90% in any country a collapse occurs each and every time.
What's the plan? Things cannot be changed overnight, they need a plan and nobody is planning anything.
  • #242,319
  • May 14, 2010 11:36pm May 14, 2010 11:36pm
Quoting wwwin
We shall see where it is in a year.
Yep. Things just keep happening. I'm a scalper so its all academic to me anyway, as far as trading goes. You have to admit the muzak sounds a lot different now than it did just 1/2 a year ago though....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #242,320
  • May 15, 2010 12:22am May 15, 2010 12:22am
Quoting wwwin
but inflation will be the only way to pay the debts
It's not like the US is the only country with major debt problems, and it's not the only one that can, will, and already is devaluing its currency.
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