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EURUSD

  • #249,861
  • May 30, 2010 2:49pm May 30, 2010 2:49pm
Quoting uraceulose
Morning/afternoon all. More good news..http://business.timesonline.co.uk/to...0270.ece:nerd:
link doesn't work...
  • #249,862
  • May 30, 2010 2:52pm May 30, 2010 2:52pm
Quoting SerpentDove
Just a thought .... 187199

One more time for good measure and I give up.
  • #249,863
  • May 30, 2010 2:55pm May 30, 2010 2:55pm
Quoting uraceulose
Morning/afternoon all. More good news..http://business.timesonline.co.uk/to...0270.ece:nerd:
Above link does not work but here it is
http://business.timesonline.co.uk/to...cle7140270.ece

From The Sunday Times

May 30, 2010


Greece urged to give up euro

THE Greek government has been advised by British economists to leave the euro and default on its €300 billion (£255 billion) debt to save its economy.
The Centre for Economics and Business Research (CEBR), a London-based consultancy, has warned Greek ministers they will be unable to escape their debt trap without devaluing their own currency to boost exports. The only way this can happen is if Greece returns to its own currency.
Greek politicians have played down the prospect of abandoning the euro, which could lead to the break-up of the single currency.
Speaking from Athens yesterday, Doug McWilliams, chief executive of the CEBR, said: “Leaving the euro would mean the new currency will fall by a minimum of 15%. But as the national debt is valued in euros, this would raise the debt from its current level of 120% of GDP to 140% overnight.


So part of the package of leaving the euro must be to convert the debt into the new domestic currency unilaterally.”
Greece’s departure from the euro would prove disastrous for German and French banks, to which it owes billions of euros.
McWilliams called the move “virtually inevitable” and said other members may follow.
“The only question is the timing,” he said. “The other issue is the extent of contagion. Spain would probably be forced to follow suit, and probably Portugal and Italy, though the Italian debt position is less serious.
“Could this be the last weekend of the single currency? Quite possibly, yes.”
  • #249,864
  • May 30, 2010 2:56pm May 30, 2010 2:56pm
Quoting aykenar
link doesn't work...
sry about that i edited it
  • #249,865
  • May 30, 2010 2:57pm May 30, 2010 2:57pm
Quoting TEB63
The eur is in free fall :

I think we may see a small bounce north esp. with the holiday
Monday or Tuesday and a lot of "dump" money will buy in,
and the big boys will take some money and let price set up for more run down. ...



What are you waiting for?
sell all that you have..
I will wait break the long-term Fibo support at 1.2135
  • #249,866
  • May 30, 2010 2:57pm May 30, 2010 2:57pm
looks like down trend

http://www.iran-forex.com/images/for...sd20100529.gif
A little beginner trader since 2006
  • #249,867
  • May 30, 2010 2:58pm May 30, 2010 2:58pm
Quoting DudeSepii
Comment like this is uncalled for.
Just observing that most calls are wrong, and based on hope or overreaction.
  • #249,868
  • May 30, 2010 3:01pm May 30, 2010 3:01pm
Quoting ppxdf


What are you waiting for?
sell all that you have.
I will wait for a good entery and better pip in

teb
  • #249,869
  • May 30, 2010 3:03pm May 30, 2010 3:03pm
Quoting Mr J
Better to usually be in a good trade, than to usually miss a great trade.
Mine goes this way:

Being out and wishing to be in

is always better than

Being in and wishing to be out
  • #249,870
  • May 30, 2010 3:04pm May 30, 2010 3:04pm
http://uk.finance.yahoo.com/news/no-...RvcmVzdA--?x=0

Hey guys.

Have a nice week
  • #249,871
  • May 30, 2010 3:04pm May 30, 2010 3:04pm
Quoting mokonni
Above link does not work but here it is
http://business.timesonline.co.uk/to...cle7140270.ece

From The Sunday Times

May 30, 2010


Greece urged to give up euro

THE Greek government has been advised by British economists to leave the euro and default on its €300 billion (£255 billion) debt to save its economy.
The Centre for Economics and Business Research (CEBR), a London-based consultancy, has warned Greek ministers they will be unable to escape their debt trap without devaluing their own currency...

so??.... wats ganna hapend then??

EU>> up or down???
  • #249,872
  • May 30, 2010 3:06pm May 30, 2010 3:06pm
Quoting Mr. Monk
so??.... wats ganna hapend then??

EU>> up or down???
Call Angela!
  • #249,873
  • May 30, 2010 3:06pm May 30, 2010 3:06pm
Quoting mokonni
Above link does not work but here it is
http://business.timesonline.co.uk/to...cle7140270.ece

From The Sunday Times

May 30, 2010


Greece urged to give up euro

THE Greek government has been advised by British economists to leave the euro and default on its €300 billion (£255 billion) debt to save its economy.
The Centre for Economics and Business Research (CEBR), a London-based consultancy, has warned Greek ministers they will be unable to escape their debt trap without devaluing their...
When looking at the state of the UK economy, the last to give advices should be the British economists...
Getting it right is NOT as important as not getting it wrong.
  • #249,874
  • May 30, 2010 3:07pm May 30, 2010 3:07pm
Quoting TEB63
I will wait for a good entery and better pip in

teb
wise always hit the top bottoms smells
  • #249,875
  • May 30, 2010 3:09pm May 30, 2010 3:09pm
Quoting fxswing
When looking at the state of the UK economy, the last to give advices should be the British economists...
precisely what I was thinkin' - "The blind leading the blind?"
Pip what you see; See what you pip!
  • #249,876
  • May 30, 2010 3:09pm May 30, 2010 3:09pm
Quoting kill56
i like...
[/quote]

The first rule of Forex Club is that you do not talk about Forex Club.
  • #249,877
  • May 30, 2010 3:11pm May 30, 2010 3:11pm
u know when everybody feels down.. its when generally it goes up...
lets wait n see ...
all these rumors = just noise...
  • #249,878
  • May 30, 2010 3:12pm May 30, 2010 3:12pm
Quoting mistersimple
u know when everybody feels down.. its when generally it goes up...
lets wait n see ...
all these rumors = just noise...

Oh, much more than that, it is generally when accounts start popping like corn.
  • #249,879
  • May 30, 2010 3:16pm May 30, 2010 3:16pm
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting mokonni
Above link does not work but here it is
http://business.timesonline.co.uk/to...cle7140270.ece

From The Sunday Times

May 30, 2010


Greece urged to give up euro

THE Greek government has been advised by British economists to leave the euro and default on its €300 billion (£255 billion) debt to save its economy.
The Centre for Economics and Business Research (CEBR), a London-based consultancy, has warned Greek ministers they will be unable to escape their debt trap without devaluing their own currency...

Heavy stuff from the UK.
Left a small position open over the weekend. TP1 @ 1.2120.
News helps.
Attached Image (click to enlarge)
Click to Enlarge Name: short_speculation.jpg Size: 237 KB
Being right is one, taking it from the table is two.
  • #249,880
  • May 30, 2010 3:17pm May 30, 2010 3:17pm
Quoting kill56
i like...
[/quote]


I have seen you post these rules on the GU thread a few times... Excellent guidance to any trader imo... I've copied it to a text file and print it out already. I read with you again
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