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  • #243,961
  • May 18, 2010 3:16pm May 18, 2010 3:16pm
Quoting SkyzerFX
Never understood means of "Charts don't lie" BS


Forex is Random..
A currency note is worthless. But buying any given currency shows that you believe in that specific country's economy. So you buy currencies of those countries which will do well.

Nothing RANDOM about that.
Si vis pacem, para bellum.
  • #243,962
  • May 18, 2010 3:18pm May 18, 2010 3:18pm
hard to argue either way really.... Since no moment in the fx market is able to be recreated, you cannot analyze the randomness of it. I like to think it has an infinite amount of variables, and that gives it a random like nature
  • #243,963
  • May 18, 2010 3:19pm May 18, 2010 3:19pm
Gator, most lucky people here in Ireland are locked in to ECB Tracker Rate Mortgages here in Ireland. Do you think the ECB would raise rates to fight inflation?

Quoting gatorinla
allow inflation? who would of think it......
Disclaimer: Check your 1m charts
  • #243,964
  • May 18, 2010 3:19pm May 18, 2010 3:19pm
Quoting SkyzerFX
Never understood means of "Charts don't lie" BS

They don't lie when you look at them from right to left, in events

which already happens.. If they don't lie, tell me at what price EU

would trade at 7:30 EST tomorrow, so I can ether buy or sell 10 lots..

Forex is Random..

Click sell now and it will go up, or click buy and it will go down..

Try it sometimes, always work.. I have much more chances to win betting on Baseball games,

than Forex, I do that too
first off betting on games is gambling. second off lack of interest volume ect. form patterns.. that pattern is one of the most accurate patterns in any chart system.. but it you want to fight it after being on the wrong side since nov. have at it.. i just count.
those who can, do. those who cant, talk about those who can
  • #243,965
  • May 18, 2010 3:20pm May 18, 2010 3:20pm
Quoting intery
yes and no, many times it works out, not always, but more than 7/10
Alright then what it is now? Buy or Sell? I suspect it's a little buy

zigzag on M30-H1, but it could mean just nothing.. The reason

I'm not so aggressive on the Long side is that lately EU doesn't retrace

too much 100 pips + it's not enough.. Hope ECB IMF FEDS whoever

intervent a bit to pump this up for better position..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #243,966
  • May 18, 2010 3:21pm May 18, 2010 3:21pm
Quoting uraceulose
http://www.bloomberg.com/apps/news?p...CJY54XNU&pos=4

Another bailout? lol, the euro really could go to zero
There's no zero
  • #243,967
  • May 18, 2010 3:22pm May 18, 2010 3:22pm
Quoting gatorinla
allow inflation? who would of think it......

all good points man. it really is crazy how they've just been protecting their banking buddies now for such a long time and just screwing average joe..the sheep will always follow
  • #243,968
  • May 18, 2010 3:23pm May 18, 2010 3:23pm
Quoting kandarv
There's no zero
Well if the euro dissolves what would you pay for one?
  • #243,969
  • May 18, 2010 3:23pm May 18, 2010 3:23pm
Here is my analogy of forex.

There is a FINITE amount of money in the world. Not necessarily currency notes, but all assets as in commodoties, companies, etc. So if all that wealth is like water in a ballon, you can squeeze the balloon on one end and the money just moves to another part of the balloon. You had the money once, now someone else has it. The hands that squeeze are governments. If we spring a leak and lose some water, they plug the hole, empty your wallet into the balloon and start squeezing again.
Si vis pacem, para bellum.
  • #243,970
  • May 18, 2010 3:23pm May 18, 2010 3:23pm
Quoting Duce
A currency note is worthless. But buying any given currency shows that you believe in that specific country's economy. So you buy currencies of those countries which will do well.

Nothing RANDOM about that.

Or follow lines up and down all day and have no belief whatsoever as long as you make some money

My brother was in Zurich today putting some physical gold in a saftey deposit box for a rainy day. Hope he is wrong.
  • #243,971
  • May 18, 2010 3:29pm May 18, 2010 3:29pm
Quoting uraceulose
Well if the euro dissolves what would you pay for one?
How much did the euro took to become the daily token of exchange in France or Germany? Not to mention the years before it announcement. Now if the latin side of the euro (France, Italy & Spain) should choose to get out, that would take at least half that time and the cost of it would be outrageous. Not that is impossible, but I can't see it coming.
  • #243,972
  • May 18, 2010 3:29pm May 18, 2010 3:29pm
Quoting Kramerica
Like I said... hope for the best.. prepare for the worse

http://finance.yahoo.com/tech-ticker...4&asset=&ccode=
Oepsss, thanks for the link tho.
  • #243,973
  • May 18, 2010 3:30pm May 18, 2010 3:30pm
Quoting kandarv
There's no zero
I'm wandering, if Bloomberg getting paid for spamming hourly

something like that.. They all go to ZERO eventually..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #243,974
  • May 18, 2010 3:31pm May 18, 2010 3:31pm
Quoting SkyzerFX
I'm wandering, if Bloomberg getting paid for spamming hourly

something like that.. They all go to ZERO eventually..
every currency in history..

edit: gold of course is the exception
  • #243,975
  • May 18, 2010 3:31pm May 18, 2010 3:31pm
Quoting pipper
Gator, most lucky people here in Ireland are locked in to ECB Tracker Rate Mortgages here in Ireland. Do you think the ECB would raise rates to fight inflation?
they have too... its in the ez rules... they have to change the rules if they dont want to raise rates.. inflation controls when they do.. raising will just cause more misery in ireland.. more m-t houses causing less value in the guys paying their house notes on time. its a cluster phuck...

intervention by central banks happening atm.. but the market wont be denied. central banks are just prolonging this. a lower euro will be ez only savior. but its probably too late. but the ez rules don't allow much inflation.. so its a cluster phuck.. central banks like the fed are just protecting the private banks that own them... in doing this they enslave the citizens of that particular country.
those who can, do. those who cant, talk about those who can
  • #243,976
  • May 18, 2010 3:33pm May 18, 2010 3:33pm
Quoting SkyzerFX
Alright then what it is now? Buy or Sell? I suspect it's a little buy

zigzag on M30-H1, but it could mean just nothing.. The reason

I'm not so aggressive on the Long side is that lately EU doesn't retrace

too much 100 pips + it's not enough.. Hope ECB IMF FEDS whoever

intervent a bit to pump this up for better position..
Would you ask 3H ago, I would answer http://www.forexfactory.com/showpost...postcount=1719

now the price where it probably suppose to be, I finish day after close at 2165. Will see at morning and draw again.
No crystal ball. I read the cards.
  • #243,977
  • May 18, 2010 3:35pm May 18, 2010 3:35pm
Quoting kandarv
How much did the euro took to become the daily token of exchange in France or Germany? Not to mention the years before it announcement. Now if the latin side of the euro (France, Italy & Spain) should choose to get out, that would take at least half that time and the cost of it would be outrageous. Not that is impossible, but I can't see it coming.

Can you imagine that? Everyone has euros. So you are in Spain and they decide to change your euros back to pesetas but in Germany they will still have euros. There would be a bank run so people can take their euros out to smuggle to Germany and bank them. Or they would have to execute it on people's banks accounts giving them no choice.

Either way i think it would be unthinkable what would happen. I cannot imagine an orderly conversion back to a national currency.
  • #243,978
  • May 18, 2010 3:36pm May 18, 2010 3:36pm
Quoting SkyzerFX
Never understood means of "Charts don't lie" BS

They don't lie when you look at them from right to left, in events

which already happens.. If they don't lie, tell me at what price EU

would trade at 7:30 EST tomorrow, so I can ether buy or sell 10 lots..

Forex is Random..

Click sell now and it will go up, or click buy and it will go down..

Try it sometimes, always work.. I have much more chances to win betting on Baseball games,

than Forex, I do that too
You really haven't a clue about forex do you?

I am sorry but this post has really p*ssed me off. I wasn't logged in or else it would have been ignored.

How long have you been in forex? 1-2 years although I really doubt it with what you have posted.

Do you know how long BEFORE the housing bubble was the forex market warning that something very big was cooking?

Just take a look at the charts from left to rigth and look at the time before the housing bubble burst. Do you think it was a coincidence?

You simply don't understand what "Charts don't lie" means LOL the reason is: You don't the difference between the two. This is clear from your post. Your not trading but betting, go to a casino your chances are better(very serious).
  • #243,979
  • May 18, 2010 3:39pm May 18, 2010 3:39pm
Quoting Duce
Here is my analogy of forex.

There is a FINITE amount of money in the world. Not necessarily currency notes, but all assets as in commodoties, companies, etc. So if all that wealth is like water in a ballon, you can squeeze the balloon on one end and the money just moves to another part of the balloon. You had the money once, now someone else has it. The hands that squeeze are governments. If we spring a leak and lose some water, they plug the hole, empty your wallet into the balloon and start squeezing again.
Good one
They think they are smarter than I am.
  • #243,980
  • May 18, 2010 3:42pm May 18, 2010 3:42pm
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