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  • #242,401
  • May 16, 2010 2:09am May 16, 2010 2:09am
Hey Gator, Can you direct me to where to find out how the rule of 72 appily's to this market, all I can find are mathmatical equations based in Intrest rates to double your investment. When you post it sounds like you are refering to PA. Mabye I am just misunderstanding you. I am not afraid of equations last week for fun I applied the Pythagorean theorem for the past week's pa and was pretty close. I am getting better at figuring out C of an A, B, C move. But I have trouble with the counter trend, I know it is not and exact science but I cant even come close.

Thanks.
  • #242,402
  • May 16, 2010 2:22am May 16, 2010 2:22am
Quoting 4xjunkie
Hey Gator, Can you direct me to where to find out how the rule of 72 appily's to this market, all I can find are mathmatical equations based in Intrest rates to double your investment. When you post it sounds like you are refering to PA. Mabye I am just misunderstanding you. I am not afraid of equations last week for fun I applied the Pythagorean theorem for the past week's pa and was pretty close. I am getting better at figuring out C of an A, B, C move. But I have trouble with the counter trend, I know it is not and exact science but I cant even...
Not to answer for Gator and I'm sure he'll correct me if need be but I think when he was speaking of the "rule of 72" when talking in reference to China, Greek debt, etc...it is basically a "bubble is bound to burst" type of reference..

It is impossible for Chinas economy to continue to grow at the pace that it has been for an extended period for example. You have one cubicle of office space for each citizen..that's like 1.3 billion cubicles or something..who's gonna buy all of those in economic down time? What will they be worth then? what will this do to the value of all of the other cubicles? If the economy/housing price whatever is growing @ 12%/month etc..when it does peak, think about how far it can fall..
  • #242,403
  • May 16, 2010 2:32am May 16, 2010 2:32am
If a ship is sinking, don't start praying..... JUMP
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  • #242,404
  • May 16, 2010 3:00am May 16, 2010 3:00am
current price of Euro on xe.com

1.2380 seems gap will be up
  • #242,405
  • May 16, 2010 3:04am May 16, 2010 3:04am
Quoting uraceulose
Not to answer for Gator and I'm sure he'll correct me if need be but I think when he was speaking of the "rule of 72" when talking in reference to China, Greek debt, etc...it is basically a "bubble is bound to burst" type of reference..

It is impossible for Chinas economy to continue to grow at the pace that it has been for an extended period for example....
That makes sence. I was a construction Superintendent during the Boom here in the states and after my second year as a Soup I had built 50 houses that were in an upsacle neighaborhood for the area. The project had 100 homes in total and it had taken 6 other Soup's 7 years to build the first 50 That was when the light switch turned on for me.? Somthing must be wrong all of my predecessors had many years under their belt and I was just green broke and I had set the yearly production record 2 years in a row with the bigest and most difficult houses they built and each of them had a waste water treatment plant. (The most complicated septic system that you have ever seen that was nothing but a complete money pit until the city encoporates that part of towne and installs sewer and then you will have to pay for that installation when the time comes). Then when I started my 4 year and 75 house I realised that This can't go on for ever. I couldent figure where all this money was coming form I have been in construction for most of my life and it is either fiest of famon. but their was a balacnce. not back then It was the biggest pig roast I had ever seen. Then all of a sudden one week I looked at my list of closings and their was no new houses on the list. after the 4 week and no new closings I knew it was time for the fan to get what it like's. and here we are today. The housing marked is down the drain and I really dont see anything happening for another 5-7 years as for consistant new construction. I would have thought by now that the banks would be begging for contractors to start working on all the foreclosurers. That hasent even really kicked in. and the media has everyone so conserned with Greese,EZ, and the most recent Gulf spill that everyone is forgetting about what stemed all of this. The key to all of my success in the construction industry is summed up in one phrase. " A problem is only a problem as long as you continue to let it be one." So by Identifying your problems and addressing them first they are by the wayside and you have all the time in the world to head off the ones coming down the pipeline. I truly think that is what our governments do today is feed us so much "shock and awe" through the media that the majority of the population eventually forgets about what the actual problem was and then they have the oppertunity to back door us when we are not looking.
  • #242,406
  • May 16, 2010 3:05am May 16, 2010 3:05am
Quoting learntowin
KEEP SELLING ON RALLY FOR 1,000 PIPS MORE ?

SELL ON EVERY ATTEMPT TO BOUNCE

http://yfrog.com/4veuweeklychartp

Still keep my short

Selling on Rally

On the way to 1,000 pips
  • #242,407
  • May 16, 2010 4:08am May 16, 2010 4:08am
While the pundits are calling for a collapse of the Euro, It's reversal zone time.
It's absurd to contemplate that the largest bailout in European history and the largest in the world that's been organised by IMF, EU, US and other european countries would fail to save a single currency. China is quiet.
Take a look at the weekly chart, probabilities are for much lower levels of the Euro, but if there was ever a time to reverse sentiment, this week present an ideal opportunity.

COT report shows large speculators and small traders increasing their exposure to the short side. Whoever says the market speculators are not targetting the Euro and responsible for the fall are wrong, But who are the losers? small traders and large speculators on the same side. have the commercials hedged with gold, is china exposed by their euro buying program last year, is it time for a reversal, or a collapse. As mentioned, I don't anticipate a collapse, but do expect lower levels at some time, just not this week, perhaps. What a last 2 weeks.
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  • #242,408
  • May 16, 2010 7:11am May 16, 2010 7:11am
Quoting mfoste1
When the day of reckoning comes for certain financial institutions, silver will have its turn to shine....
Thanks, I'm also waiting for Silver at least rise to more reasonable

ratio compare to Gold. Gold/Silver Ratio too wide, so, either

Gold overvalued or Silver undervalued. And I agree with you that

for now Dollar is a buy.. Indeed.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #242,409
  • May 16, 2010 7:57am May 16, 2010 7:57am
Quoting mfoste1
hey kramer would you be willing to post those comments( if you can still find them) made by that gentleman who said that euro would collapse? Im just really curious to see what he said, it sounds interesting....
http://www.forexfactory.com/showpost...stcount=242287

http://www.forexfactory.com/showthre...82#post3725882

Well... I'm not trying to talk a bunch of conspiracy stuff.. Although i'm usually all for it... Normally I know a lot more about what I talk about than I do this.. But.. I will say.. in my conversations with this Gentleman, he has proven to be pretty accurate.. It's all long term and macro and you can't use it for trading short term, that's for sure..

My last email to him was about about a month ago when EUR/USD was still above 1.3 and he said we were just seeing the beginning.

He has close ties to Germany.. May even live there.. But he is American born.. I think .. The man has connections.. I'm sure of it..
  • #242,410
  • May 16, 2010 8:02am May 16, 2010 8:02am
Quoting mfoste1
I agree with you 100% that it will collapse....its inevitable. Way too much debt that will simply never be paid off, and no more printed bailouts as we will soon find out that doesnt work. But right now isnt the time. Its time to buy usd. Its the dollars turn to shine for some time esp with a lot of uncertainty in the equity markets and the world for that matter. When inflation comes back, it wont be good for the dollar. Im still trying to save up enough cash to trade gold and silver. When the day of reckoning comes for certain financial...
I have a little.. let's set up a booth..
  • #242,411
  • May 16, 2010 8:03am May 16, 2010 8:03am
Quoting uraceulose
Not to answer for Gator and I'm sure he'll correct me if need be but I think when he was speaking of the "rule of 72" when talking in reference to China, Greek debt, etc...it is basically a "bubble is bound to burst" type of reference..

It is impossible for Chinas economy to continue to grow at the pace that it has been for an extended period for example....
sounds about right to me.. there has never been another time. when things increased price by thousands of % in such a short period of time. some growth was 20% per month. it cant last.... a major correction can make millions of dollars worth of value turn to single single dollars overnight. its easily done when banks hold property that 5 or 10 years earlier value is inflated thousands of times.. investors holding speculative properties not being able to sell them starts the ball rolling. the banks fall overnight.. china is secretive. so what is leaked out is usually worse then reported. at peak times some places like Vegas and parts of Cali had 20% increases over a year. some places in China have reported 20% per month... 1 dollars worth of property 20 years ago is now worth hundred of thousands today. at 20% per month that property will double again in 3.5 months... so when it falls it will be Quick!!!!

it will make most foreign investment to china worthless overnight. at this point what will china do when its banks fail? will they print? i don't know. i do know values cant go up at these % forever. at this rate 1$ = 8$ in 14 months. (we are 20 years in this) when/if something like this happens many millions will be without a job in a short period of time there. many millions w/o a job, in a large city, hungry, will not turn out good. If china devalues in a emergency, inflation may put food cost out of reach to many.. the government will not be able to contain this. add in Europe worries and the usd seems like a good place to be..

what country on this planet could compete with china if they did devalue? think about it.. there are too many complications to name.. in the "rule of 72"

mule that shit fast don't shit long.
those who can, do. those who cant, talk about those who can
  • #242,412
  • Edited 8:45am May 16, 2010 8:04am | Edited 8:45am
I think, no need explanation, long with tight SL is Ok for now, if that's supported by MM. Price is actually at 1.2xx which approximately is -4k to 1.6xx and +4k to 0.8xx . I do not see any thing for today that can macro-economically support EUR now, just chart:
the magenta line which did support in past era + previous low 2008 + uptrend since 1970th + we are almost in the middle 1.6/0.8 + almost 4k fast nonretrace fall.
Is risky go long now for catch a retrace? For me - is not. If price will not go up now, then later, after further fall till a big blue line.
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I can't use fibonacci here, but would be interested to develop that.

Edit, for those :
The ECU was conceived on 13 March 1979 as an internal accounting unit. It had the ISO 4217 currency code XEU
The euro was established by the provisions in the 1992 Maastricht Treaty.
The euro came into existence on the 1 January 1999.

Learn history.
No crystal ball. I read the cards.
  • #242,413
  • May 16, 2010 8:07am May 16, 2010 8:07am
Quoting kill56
This could get very ugly, and is a battle the Central Banks can ill afford to lose, lest the efficacy of the world's institutions be completely undermined.
I don't think Central Banks could fail.. Would you fail with unlimited

money Demo account? That's what they have money supply at their

fingertips. And I'm not talking about only ECB. None of the Countries

interested in EZ collapse.. I'm pretty sure, that only FED/ECB and BOJ

can set any price for currency.

Some saying that purchasing power (valuation)

of the EUR is around 1.17, so? EUR still overvalued in that matter.

That's why you don't see much action from Central Banks. And CHF must be cut in half in

value, otherwise their Biz activity will go to ZERO. Why I think

it's overvalued mostly because many Europeans kept their money in

Swiss Banks, and they could easy switch from EUR to CHF or USD

and because of current EUR devaluation, many switch to Swiss Franks..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #242,414
  • May 16, 2010 8:10am May 16, 2010 8:10am
Quoting intery
I can't use fibonacci here, but would be interested to develop that.
Helloooo.. EZ Consumer place first EUR in their pocket in 2003

There was no EUR before 2001. What you have there probably

German Marks then. Those charts are pointless, cause EUR was

NOT EXIST
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #242,415
  • May 16, 2010 8:10am May 16, 2010 8:10am
Quoting mokonni
If a ship is sinking, don't start praying..... JUMP
his eyes say it all. he knows more then he is saying. 3 dead in a Greek bank will not be the last.
those who can, do. those who cant, talk about those who can
  • #242,416
  • May 16, 2010 8:21am May 16, 2010 8:21am
Quoting SkyzerFX
s, cause EUR was

NOT EXIST
I know, I'm living here.
No matter, it is working, and I think you know the end funny story about the old programmer, his son and a sunrise - Is that working? "Yes". Than do not touch it.
No crystal ball. I read the cards.
  • #242,417
  • May 16, 2010 8:23am May 16, 2010 8:23am
Quoting intery
I think, no need explanation, long with tight SL is Ok for now, if that's supported by MM. Price is actually at 1.2xx which approximately...
if you want a big picture look at the chf.. as sky said there was no euro then.. and even if you go back 10 years on euro its not much time.
those who can, do. those who cant, talk about those who can
  • #242,418
  • May 16, 2010 8:31am May 16, 2010 8:31am
Quoting swingtrader
current price of Euro on xe.com

1.2380 seems gap will be up
b
the best i see is 2355 atm
those who can, do. those who cant, talk about those who can
  • #242,419
  • Edited 8:44am May 16, 2010 8:43am | Edited 8:44am
Quoting gatorinla
if you want a big picture look at the chf.. as sky said there was no euro then.. and even if you go back 10 years on euro its not much time.
CHF is good too. Yes, and no. Before EUR was ECU since 1979, so please....

Right, 1979,
The ECU was conceived on 13 March 1979 as an internal accounting unit. It had the ISO 4217 currency code XEU
No crystal ball. I read the cards.
  • #242,420
  • May 16, 2010 8:52am May 16, 2010 8:52am
Here's my guide to the Euro for Sun/Mon follow at your own peril. All times in GMT

Sunday
22:00 3276
23:00 2340

Monday
00:00 2295/2300
01:00 2260
02:00 2226
03:00 Bottom Reversal Price to be announced
07:00 am pullback 3 hour resistance at 3350
09:00 to 11:00 up to 2409
12:00 - 1400 pullback possible 2300 retest something major send price up Check news. Just looked 2:00pm USD TIC Long-Term Purchases
15:00 2523
19:00 2607
Founder of Sutherland Wave Principle
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