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  • #243,981
  • May 18, 2010 3:43pm May 18, 2010 3:43pm
i thought this was pretty funny....but true

http://www.forexlive.com/107415/all/...arket-a-target
  • #243,982
  • May 18, 2010 3:46pm May 18, 2010 3:46pm
Quoting gatorinla
s
Gee. I wonder what comes next?
  • #243,983
  • May 18, 2010 3:47pm May 18, 2010 3:47pm
Thanks for insight G.. I think i understand now... We need a low Euro to "try" and get us out of this mess but on the other hand if inflation goes over 2% and they have to raise rates, this will create mayhem ?

Quoting gatorinla
they have too... its in the ez...
Disclaimer: Check your 1m charts
  • #243,984
  • May 18, 2010 3:49pm May 18, 2010 3:49pm
Hello traders,
Im looking for a automatic pips counter as mq4. If somebody can share it, will be great. Best trades for all of you.
Regards, Shigeru.
  • #243,985
  • May 18, 2010 3:50pm May 18, 2010 3:50pm
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.
I would love for this to be true, but unfortunately it is not. That is because we no longer live on a gold standard. There is no longer a finite amount of money in the world, there is trillions and trillions of unrealized cash out there because people are willing to pay a price for things. Upward price movements of stock and housing are fueled by debt and cheap cash from the FED. If all of the assets in this world were to be purchased by the ACTUAL cash out there in the world, a dramatic and sudden price drop in everything would occur.

The reason prices are high for most assets is due to a capitalist society essentially running like a Ponzi scheme, as does most governments. All current expenses are paid for by taking in new money (see: debt), which eventually has to be paid back. This system works because there is enough people willing to bet that the system will continue as is, but that is a risky bet. During bad recessions and hard times, not even the strongest companies or countries will be able to repay their debt.
  • #243,986
  • May 18, 2010 3:55pm May 18, 2010 3:55pm
Attached Image (click to enlarge)
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Second leg coming during asian session probably, seeing a wedge in 5min etc. Major USD buy probably.
  • #243,987
  • May 18, 2010 4:00pm May 18, 2010 4:00pm
Quoting TheWalrus
I would love for this to be true, but unfortunately it is not. That is because we no longer live on a gold standard. There is no longer a finite amount of money in the world, there is trillions and trillions of unrealized cash out there because people are willing to pay a price for things. Upward price movements of stock and housing are fueled by debt and cheap cash from the FED. If all of the assets in this world were to be purchased by the ACTUAL cash out there in the world, a dramatic and sudden price drop in everything would occur.

The...
That's exactly what I've been preaching for almost 2 years. We need a devaluation of all assets (bring them back to some sort of normalcy) so we can restart at some sort of common ground. Don't you get the feeling that this is what is going on? Your input is actually the Sequel to my analogy. Let's see what the trilogy brings. My guess...chaos.
Si vis pacem, para bellum.
  • #243,988
  • May 18, 2010 4:01pm May 18, 2010 4:01pm
Quoting TheWalrus
I would love for this to be true, but unfortunately it is not. That is because we no longer live on a gold standard. There is no longer a finite amount of money in the world, there is trillions and trillions of unrealized cash out there because people are willing to pay a price for things. Upward price movements of stock and housing are fueled by debt and cheap cash from the FED. If all of the assets in this world were to be purchased by the ACTUAL cash out there in the world, a dramatic and sudden price drop in everything would occur.

The reason...
u r 100% right, god forbidden interest or usury, all world problems are a result from interest on loans, the current system has to collpase (it already started) , a non-interest financial system will emerge after that but only after the assests are valued against real money
  • #243,989
  • May 18, 2010 4:02pm May 18, 2010 4:02pm
Quoting TheWalrus
I would love for this to be true, but unfortunately it is not. That is because we no longer live on a gold standard. There is no longer a finite amount of money in the world, there is trillions and trillions of unrealized cash out there because people are willing to pay a price for things. Upward price movements of stock and housing are fueled by debt and cheap cash from the FED. If all of the assets in this world were to be purchased by the ACTUAL cash out there in the world, a dramatic and sudden price drop in everything would occur.

The reason...

I think ur right and that's a video explaining how all this works:
Inserted Video
  • #243,990
  • May 18, 2010 4:08pm May 18, 2010 4:08pm
Quoting pipper
Thanks for insight G.. I think i understand now... We need a low Euro to "try" and get us out of this mess but on the other hand if inflation goes over 2% and they have to raise rates, this will create mayhem ?
there is a fine line..
those who can, do. those who cant, talk about those who can
  • #243,991
  • May 18, 2010 4:17pm May 18, 2010 4:17pm
Quoting SkyzerFX
I'm wandering, if Bloomberg getting paid for spamming hourly

something like that.. They all go to ZERO eventually..
sky this alone is not what i saw in sept/oct .. but it added to it.. and i never ignored its possibility.. this was when it was contained in the lines. it had other characteristics also.. when added up it can show a reversal.. the math also said the same.. part of the reason i got short early on.. like you i was the odd man out. so post something other then crap pasted from others trying to sell me something. and i will consider it. a chart or anything..
Attached Image (click to enlarge)
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those who can, do. those who cant, talk about those who can
  • #243,992
  • May 18, 2010 4:23pm May 18, 2010 4:23pm
Anyone going to short AUD or CAD for a larger time frame ?
I don't believe in decoupling thesis (from Europe)
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #243,993
  • May 18, 2010 4:24pm May 18, 2010 4:24pm
Quoting gatorinla
s
Thanks for posting that. I've been looking at 30 min. candlesticks and was pondering what to do after a steep decline.
  • #243,994
  • May 18, 2010 4:29pm May 18, 2010 4:29pm
Possible new low for eu/us
  • #243,995
  • May 18, 2010 4:30pm May 18, 2010 4:30pm
Doudled my account today
  • #243,996
  • May 18, 2010 4:31pm May 18, 2010 4:31pm
Gator or anyone that used DP how did you determine this would break past the DP vs hit it and bounce...earlier PA was very weak and we were in a clear channel up. I ended up getting out of my short thinking we were going back up and lost out on this move. I enter a short at 1.2344 when it broke my TL then closed it for a loss at 1.2370 because felt it was going back up to 1.24XX. Within the hour it plummeted. I'm trying to learn from my mistakes. Thanks
Former Trader Of the Year of the 95% losing club! Retired
  • #243,997
  • May 18, 2010 4:34pm May 18, 2010 4:34pm
i have run my mouth about where we will bounce.. its what the charts point to.. so since we are not there yet. let me say... i or any of us have not been in this place before. surely not me. (unless you consider the Zimbabwe) anyone in this forum or the clowns on tv/media. none of us have seen the possibility of a major currency failure. so when we move.. there are no guarantees that bottom will hold. or even if we bounce.. i think we will bounce, but its not known.. if or how high is not known.. target 2156 + slip bounce still not hit.. 2133 bounce would give me a semi.. 2156 missed by 2 pips so far. low 2158 atm and testing.

good luck
those who can, do. those who cant, talk about those who can
  • #243,998
  • May 18, 2010 4:37pm May 18, 2010 4:37pm
Quoting gatorinla
i have run my mouth about where we will bounce.. its what the charts point to.. so since we are not there yet. let me say... i or any of us have not been in this place before....
Muchas gracias for your charts. They have been a blessing for my account.
  • #243,999
  • May 18, 2010 4:40pm May 18, 2010 4:40pm
Just to add I knew it was a bear flag and new it would eventually breakdown as I am a euro bear for many reasons. What I don't understand is when do you determine when it will finally break down vs go back up again then down. Thanks in advance
Former Trader Of the Year of the 95% losing club! Retired
  • #244,000
  • May 18, 2010 4:42pm May 18, 2010 4:42pm
Quoting Rgali1
Gator or anyone that used DP how did you determine this would break past the DP vs hit it and bounce...earlier PA was very weak and we were in a clear channel up. I ended up getting out of my short thinking we were going back up and lost out on this move. I enter a short at 1.2344 when it broke my TL then closed it for a loss at 1.2370 because felt it was going back up to 1.24XX. Within the hour it plummeted. I'm trying to learn from my mistakes. Thanks
go back and read yesterdays post ,,, its there.. talked about purple line..click my name.. go back 30 hours maybe less. the high is on the chart from last week posted at least a dozen times.
those who can, do. those who cant, talk about those who can
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