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  • #249,881
  • May 30, 2010 3:20pm May 30, 2010 3:20pm
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting mistersimple
u know when everybody feels down.. its when generally it goes up...
lets wait n see ...
all these rumors = just noise...
Usually it does. Buy the rumor, sell the fact.
But Spains downgrade by Fitch before Fridays close will respark a new round of risk aversion.
Attached Image (click to enlarge)
Click to Enlarge Name: spain_fitch.gif Size: 32 KB
Being right is one, taking it from the table is two.
  • #249,882
  • May 30, 2010 3:24pm May 30, 2010 3:24pm
"I can feel it, coming in the air tonight... oh oh.."
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  • #249,883
  • May 30, 2010 3:28pm May 30, 2010 3:28pm
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting SerpentDove
"I can feel it, coming in the air tonight... oh oh.."
Well, it takes a graph some indicators and trading system.

Edit; Thanks for the lead!!!
Being right is one, taking it from the table is two.
  • #249,884
  • May 30, 2010 3:30pm May 30, 2010 3:30pm
Quoting Now
Well, it takes a graph some indicators and trading system.
Posted 3 times over the weekend... now I wait....
  • #249,885
  • May 30, 2010 3:31pm May 30, 2010 3:31pm
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.



Better these economists should speak of debt in "percent of GDP" terms. $360 Billion bucks doesn't even service our debt in America nowadays.

Long, long, long the euro. All the negative news out of the Eurozone. All the "professional" economists condemning the euro. Seems like a perfect signal to me.
"Timing Is Everything. Really I Swear It Is"
  • #249,886
  • May 30, 2010 3:35pm May 30, 2010 3:35pm
Quoting TexasforEX
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.



Better these economists should speak of debt in "percent of GDP" terms. $360 Billion bucks doesn't even service our debt in America nowadays.

Long, long, long the euro. All the negative news out of the Eurozone. All the "professional" economists condemning the euro. Seems like a perfect signal to me.
See what the chart refuses to say, served well in the 1.5 area.
  • #249,887
  • May 30, 2010 3:36pm May 30, 2010 3:36pm
The first rule of Forex Club is that you do not talk about Forex Club


The second rule of Forex Club is that YOU DON'T TALK ABOUT FOREX CLUB !
Si vis pacem, para bellum.
  • #249,888
  • May 30, 2010 3:38pm May 30, 2010 3:38pm
Quoting Duce
The first rule of Forex Club is that you do not talk about Forex Club


The second rule of Forex Club is that YOU DON'T TALK ABOUT FOREX CLUB !
Whats dat FOREX CLUB anyway?
  • #249,889
  • May 30, 2010 3:38pm May 30, 2010 3:38pm
Quoting SeerEye
precisely what I was thinkin' - "The blind leading the blind?"
LOL
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  • #249,890
  • May 30, 2010 3:39pm May 30, 2010 3:39pm
Ok guys lemme play some Voodooshoodoo predictioning

In my opinion we should start correction semi-wave "C" and that will be the LAST one until we go down, im very sure about that when you look at elliot waves, momentum and fundamentals, so this ain't about why Euro up or down, but it is about it going down..

The question is, what is the best price to sell down?
Lets take a look, mabey with my informations and yours we could pick the best entry

FIBO from 2009 years high 1.51 says = Resistance 23.6% around 1.2847 STRONG

Fibo from 1.3690 (start of wave "5" from 1.51) says = 23.6% around 1.25 (important level) broken once by wave "A" but turned down, then it says = 38.2% fibo at 1.2724 - my opinion VERY strong one, didnt touch it even by wave "A" and we've seen a lot of resistance near that area already + when you look at proper corrections on 4H or Daily you will see they mostly end at 38.2% fibo from peak, almost always...

Fibo from 1.3360 says = 23.6% 1.2425 (been a nice resistance so far), says= 38.2% at 1.2605- resisted 2 times wave "A", says= 50% around 1.2750! you see how strong is 1.27?

Fibo from 1.3090 peak says = 38.2% at 1.2505 see importance with fibo from 1.3690, thats why this level is so important for either way! Fibonacci rulez. Says = 50% at 1.2615 last major resistance, and finaly says = 61.8% around 1.2730!

Now make up your mind, where are most strong fibo resistances?

1.27 is the answer

38.2% from 1.51, 50% from 1.3360,61.8% from 1.3090

Im not a genius or mathematican,but they coincidentaly (or not) apply from lower fib % to higher in a sequence from highest peak and lowest high peak

Just mention I didn't do them very precisely...so the numbers my vary from your ones, but Im sure about the 1.27 area so want to make some precise sell limit there... any of your thoughts or level ideas are very welcome!

PS. If they have some more trillions ready to go..it may try to check the strong resistance over 1.28, i give some possibility for that since short stabilization and merkel&sarkozy pack might want it stable for 1 week more..

Dont post a chart because you wont see anything on it anyway too many lines
  • #249,891
  • May 30, 2010 3:42pm May 30, 2010 3:42pm
Ok ok - schön die 10 rules - yes quite useful they are...

Market opened at EU exactly at the same point where it saw its closing at late FRIDAY - closing rate was 2272-77 - opening was at 2270-73


http://cdn.forexfactory.com/images/attach/pdf.gif

2010-05-28_Interbank Foreign Exchange Rates (Clôture 21).pdf (8.0 KB)


Still vola is higher than usual in this pair - daily central pivotal zone is around 2331 and 2352 (two types of calculation) and I think that Spain issue was a bit expected and reaction was a little exeggeration.

So I will set on a soon prevailing recovery games at first...



Schaun wir mal
Attached File(s)
File Type: pdf 2010-05-28_Interbank Foreign Exchange Rates (Clôture 21).pdf   8 KB | 498 downloads
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #249,892
  • May 30, 2010 3:47pm May 30, 2010 3:47pm
to where we can see eur usd up anyone have idea plz wait for reply iam in buy order i close or what i do any advice?
  • #249,893
  • May 30, 2010 3:53pm May 30, 2010 3:53pm
Quoting mercy seat
Ok ok - schön die 10 rules - yes quite useful they are...

Market opened at EU exactly at the same point where it saw its closing at late FRIDAY - closing rate was 2272-77 - opening was at 2270-73


http://cdn.forexfactory.com/images/attach/pdf.gif

2010-05-28_Interbank Foreign Exchange Rates (Clôture 21).pdf (8.0 KB)


Still vola is higher than usual in this pair - daily central pivotal zone is around 2331 and...
guten abend und danke für die pivots.
Will trade this week was good not having to worry all day every day about trading and needed some of pc time.

Now back and refreshed for the markets. Monday could become a boring day low volume expected hence to London and NY bank holiday, hope that Frankfurt and Sydney can bring up enough volume.
4hr chart still down not much changed with the "General" direction.
Areas where I will get interested in trading will be 2145, 2390 and 2427.
Will put alarms on and let Sydney and Tokyo get the ball rolling.
Will be a good week ....
Take care and trade safe
TCat
Trade on your own risk Plan your trade&trade your plan dont be a
  • #249,894
  • May 30, 2010 3:53pm May 30, 2010 3:53pm
Quoting TexasforEX
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.

Better these economists should speak of debt in "percent of GDP" terms. $360 Billion bucks doesn't even service our debt in America nowadays.

Long, long, long the euro. All the negative news out of the Eurozone. All the "professional" economists condemning the euro. Seems like a perfect signal to me.
A signal? You must be a fundies trader then. I'll stick to my charts. Good luck!
  • #249,895
  • May 30, 2010 3:55pm May 30, 2010 3:55pm
Quoting Troder
to where we can see eur usd up anyone have idea plz wait for reply iam in buy order i close or what i do any advice?
You're going to get a bunch of different opinions from a bunch of different people. And of those opinions, you're going to get them from a bunch of different people with different trading styles and different holding times. The question for you to ask yourself is why are you in that trade? What conditions will have you exit it either for a profit or a loss? Once those questions have been answered, stick to them and trade your plan, which you should have had before you pressed the buy button in the first place.

That said, I'm still short and I hold trades for a day to a few weeks, but that may have absolutely nothing to do with your trading style or plan.
Every time you use 'hopium' in a post, God kills a kitten.
  • #249,896
  • May 30, 2010 3:55pm May 30, 2010 3:55pm
Quoting bbakker
A signal? You must be a fundies trader then. I'll stick to my charts. Good luck!

I actually see a reversal in the charts too. That's just me though.

Good trades.
"Timing Is Everything. Really I Swear It Is"
  • #249,897
  • May 30, 2010 3:57pm May 30, 2010 3:57pm
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting bbakker
A signal? You must be a fundies trader then. I'll stick to my charts. Good luck!
Being right is one, taking it from the table is two.
  • #249,898
  • May 30, 2010 3:57pm May 30, 2010 3:57pm
http://img709.imageshack.us/img709/5...ture1el.th.png

Enough said really....
  • #249,899
  • May 30, 2010 3:58pm May 30, 2010 3:58pm
hello all,let see EUR for new month,on monthly chart EUR exactly hangs on EMA 200 and LB of bolinger ,make a lower high and go down while try to break previous low,actually any confirmed penetration below the 1.2100(break hard zone support) will make a terrible drop for EUR to 1.15x 1.16x on the other side if EUR can make recovery in the first week there would be a bullish DV but base on fundamental it is hard to activation however intervention is needed for saving EUR>>ECB President Trichet Speaks and Fed Chairman Bernanke Speaks ,are few hours later do they want to say something about saving EUR together!!.any idea?
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  • #249,900
  • May 30, 2010 3:59pm May 30, 2010 3:59pm
Quoting TexasforEX


Long, long, long the euro. All the negative news out of the Eurozone. All the "professional" economists condemning the euro. Seems like a perfect signal to me.
Euro will go up when Uncle Ben says push it & not until. ECB has barely touched the swap facility pipeline from the Fed. If US markets can maintain or rise in the face of EZ recurring shit/fan news, and US unemployment rate starts to inch down, Paul Volker will be jabbing uncle Ben with a fork in the ass under the dinner table reminding him who is in charge & that a 2010 rate hike is in the cards. Eyes on the markets. Even if a correction plays out & stocks pick up steam over the summer the brokedick euro won't won't be helped. And they don't want nor need that kind of help.

Anyway, E/U won't see >1.4 again this year if ever. I'll bet you a 1972 El Dorado with a set of longhorns wired to the grill. Careful now, don't forget how I whooped you last time.
"If The Fool persists in his Folly he will become wise." - William Blake
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