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  • #249,901
  • May 30, 2010 2:00pm May 30, 2010 2:00pm
Quoting fxswing
When looking at the state of the UK economy, the last to give advices should be the British economists...
It wasn't British economists that put the UK economy in the current state... rather the last government with the 'prudent' one at the helm, selling the gold reserves at a low price, robbing pension funds and trying to spend their way out of recession using Keynesian economics. UK isn't the only country with debt issues... most of the world has!
  • #249,902
  • May 30, 2010 2:01pm May 30, 2010 2:01pm
Here's a question to the enlightend in the bunch.


If 95% of the people think the euro is obviously going down

&

95% of people loose money in foreign exchange

what will the euro do?
"Timing Is Everything. Really I Swear It Is"
  • #249,903
  • Edited 2:02pm May 30, 2010 2:01pm | Edited 2:02pm
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
lower opening on GBP, 40 pips

EDIT: I recall a news article about some UK economists over the week-end
Being right is one, taking it from the table is two.
  • #249,904
  • May 30, 2010 2:02pm May 30, 2010 2:02pm
Quoting profxtrader
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...
Nicely said!
  • #249,905
  • May 30, 2010 2:03pm May 30, 2010 2:03pm
Quoting TexasforEX
Here's a question to the enlightend in the bunch.


If 95% of the people think the euro is obviously going down

&

95% of people loose money in foreign exchange

what will the euro do?
The answer to your question is that you obviously failed all possible statistics classes since correlation does not equal causation

http://www.techshots.net/wp-content/...-causation.gif
  • #249,906
  • May 30, 2010 2:03pm May 30, 2010 2:03pm
Quoting The Fool
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...

Amigo. I'll take the beautiful auto from you. You won the "bet". I won about $100k on that trade. I can live with that.

I'll send you the shipping address in 12 months.
"Timing Is Everything. Really I Swear It Is"
  • #249,907
  • May 30, 2010 2:03pm May 30, 2010 2:03pm
Quoting TexasforEX
Here's a question to the enlightend in the bunch.


If 95% of the people think the euro is obviously going down

&

95% of people loose money in foreign exchange

what will the euro do?
It means you can't add up. Time will tell. Good luck!
  • #249,908
  • May 30, 2010 2:04pm May 30, 2010 2:04pm
Quoting Orbital
The answer to your question is that you obviously failed all possible statistics classes since correlation does not equal causation

http://www.techshots.net/wp-content/...-causation.gif

Simple examples are just that. simple

Touche'
"Timing Is Everything. Really I Swear It Is"
  • #249,909
  • May 30, 2010 2:04pm May 30, 2010 2:04pm
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting peyman
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...
It will be market mover, that is sure.
Being right is one, taking it from the table is two.
  • #249,910
  • May 30, 2010 2:05pm May 30, 2010 2:05pm
on weekly chart EMA 50 is going to cross down EMA200 and u can see everytime what has hapend after crossing in the past ,the first week of this
month is very important and if someone wants to intervention it is needed
right now i think!
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  • #249,911
  • May 30, 2010 2:05pm May 30, 2010 2:05pm
I think I've made my postion clear enough.

See y'all in the funny pages
"Timing Is Everything. Really I Swear It Is"
  • #249,912
  • May 30, 2010 2:11pm May 30, 2010 2:11pm
Quoting TexasforEX
Here's a question to the enlightend in the bunch.


If 95% of the people think the euro is obviously going down

&

95% of people loose money in foreign exchange

what will the euro do?
95 percent don't. people pop in EVERY DAY saying...here's the bottom. EVERY DAY the half of the news says "Greece is fine" "Greece does not need to restructure"...your statistic is off and we are in a down trend
  • #249,913
  • May 30, 2010 2:16pm May 30, 2010 2:16pm
Quoting peyman
on weekly chart EMA 50 is going to cross down EMA200 and u can see everytime what has hapend after crossing in the past ,the first week of this
month is very important and if someone wants to intervention it is needed
right now i think!
You are gonna loose ur mind with this:

The last time EMA50 crossed down EMA 200 was on Feb 1997 and the previous on August 1993.

I really don't know if that says anything.
  • #249,914
  • May 30, 2010 2:17pm May 30, 2010 2:17pm
Buy 2266

4am .2351
8am .2351 2382 Sell
10am .2200 Bounce Buy
5PM .2400 attempt sell
21:00 .2300 buy
22:00 .2500
Founder of Sutherland Wave Principle
  • #249,915
  • May 30, 2010 2:19pm May 30, 2010 2:19pm
Quoting TexasforEX
I think I've made my postion clear enough.

See y'all in the funny pages
1.17xx is the area for a swing trade, not before. Check your monthly EU charts.
  • #249,916
  • May 30, 2010 2:21pm May 30, 2010 2:21pm
Quoting uraceulose
95 percent don't. people pop in EVERY DAY saying...here's the bottom. EVERY DAY the half of the news says "Greece is fine" "Greece does not need to restructure"...your statistic is off and we are in a down trend
Isn't that the truth. A 2 pip bounce from support or resistance and everyone is calling for a bottom or a top. God forbid it bounces 200 pips!
Every time you use 'hopium' in a post, God kills a kitten.
  • #249,917
  • May 30, 2010 2:22pm May 30, 2010 2:22pm
Quoting profxtrader
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...
Hi
I have checked some of your post , Good stuff
Can i ask what your favorite number?
  • #249,918
  • May 30, 2010 2:25pm May 30, 2010 2:25pm
Quoting suthmo
Buy 2266

4am .2351
8am .2351 2382 Sell
10am .2200 Bounce Buy
5PM .2400 attempt sell
21:00 .2300 buy
22:00 .2500
is it for a week or intra day?can you put with date lol

Ub
  • #249,919
  • May 30, 2010 2:26pm May 30, 2010 2:26pm
Quoting Constantinos
You are gonna loose ur mind with this:

The last time EMA50 crossed down EMA 200 was on Feb 1997 and the previous on August 1993.

I really don't know if that says anything.
crossing over of EMA 50 and EMA 200 on weekly chart is not something which happen every week or month and it shows us a concept according to their
meaning (if pay attention to definition of exponential moving average)
and the meaning is a huge wave r prepare to go down.it is a logical conclusion
and not astrological prediction which needed some more data for confirmation of the meaning
  • #249,920
  • May 30, 2010 2:28pm May 30, 2010 2:28pm
Quoting ubaidahsan
is it for a week or intra day?can you put with date lol

Ub
I love the way it goes from a 12h to a 24h clock. Not just the date, but what is the timezone?
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