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  • #253,521
  • Jun 5, 2010 7:08am Jun 5, 2010 7:08am
Quoting sopel
1.14 ... i dont see there anything.
1.06 (D ) - almost perfect match of 1.27 XA move and 1.61BC,
Okay , Thanks any way
  • #253,522
  • Jun 5, 2010 7:13am Jun 5, 2010 7:13am
Quoting egkid
Hi
Thanks for the post
Have u drew it by yourself or search pattern indicator ?
Do u use tool box by your broker?
hello.thank you first.yesterday,i made a mistake.i do more EU at 1.2061,and now i loss 94 points .how could i do ? can it callback next monday???
A chart helps those who can read it.
  • #253,523
  • Jun 5, 2010 7:16am Jun 5, 2010 7:16am
Quoting uraceulose
Thanks for posting that video Fred. It's the first time that I've sat and watched the whole thing through. good video.
+1 Great Video, Thanks for posting, Fred..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #253,524
  • Jun 5, 2010 7:59am Jun 5, 2010 7:59am
well guys: Divergence with price and Cot

I see the euro still dropping this week:

I think the French Pres may have put up a fire break at 1.7

but we are now in a place of Divergence with price and Cot.
and vol is dropping on the weekly chart as price is dropping at the same time.

The big boys are 25% less short on the Eur/Usd in the last two weeks.
I can not wait to see next fridays report I think the big boys got rid of a lot in the NFP.

I find with euro we see the revesral on the 2nd Divergence.

I think the run is coming to an end, but not just yet.

We had a lot of shorts closed in NFP
and price dropped on very low vol after,

TEB
  • #253,525
  • Edited 8:23am Jun 5, 2010 8:10am | Edited 8:23am
Quoting qaisf
Hi fontu, im from Dubai but educated in australia... been trading actively for the last 2 years... this is actually the first big loss ive made trading 2 years have been quite successful over the last 2 years... i generally tend to scalp and get out quickly making $20-$40 per trade... this time around got greedy and got royally busted... well, lesson learnt for me
Thanks for the reply , actually other than nfp & total bull failure it was impossible to predict such massive down & nfp as always does not obey technicals and why greedy it could be opposite too .keeping position during it is greedy in nature for all . when something can't be done with normal behaviours such disasters do come & make easy whatever the datas be there , get an alliby.

wish this teaching will last forever & success all the time .
I am from sohar , Oman , very near to you .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #253,526
  • Jun 5, 2010 8:15am Jun 5, 2010 8:15am
true,

short term 5M shows something interesting. I think it will test 1.2080 and drop to 1.17. I'll be looking for next entry there.
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  • #253,527
  • Jun 5, 2010 8:16am Jun 5, 2010 8:16am
Quoting Freddyfx
Some food for thought during the weekend:

http://www.youtube.com/watch?v=eb1n1...layer_embedded

Catch you guys at the start of the new trading week....have a good one.
Nice video, thanks for posting
Getting it right is NOT as important as not getting it wrong.
  • #253,528
  • Jun 5, 2010 8:25am Jun 5, 2010 8:25am
More bearsh*t from the Euro next week?
See charts.
I also have 1.7 in the cards.
  • #253,529
  • Jun 5, 2010 8:25am Jun 5, 2010 8:25am
Quoting SkyzerFX
Maybe somehow I could agree in some extend on EUR, but DOW to

7000? This is total absurd, man , seriously, don't show me no stupid charts,

cause they really mean nothing.. Economy does recover and nowhere

near 2008.. EZ will do even better, after having EUR below 1.20,

exports are booming in Germany right now. Watch next week, DOW

over 10000k quickly and we go from there..
in the longer term yes/maybe (if they survive).. and with a lower euro exports will pick up. but atm ez cost have gone up in commodities to make the exports. so its a negative euro wash.. so even if commodities do fall like they have last week. they are not falling thus far as fast as euro has. so the cost for Germany to produce a finished products. has gone up in the recent past, since euro drop. its costing them more to produce the same product and they are selling it for less usd. in this process u.s. deficit reduces verses German imports. the wash may equal out eventually when/if commodities fall enough. but if they do fall euro goes lower too. but at that point German exporters who are making less profit on each finished product may be already out of business. with commodities dropping at a slower pace then euro may push euro exports to be priced higher. then a blanket statement suggest.. mainly because they are losing market share in the double digits to Asia as the above process works,

there's no blanket statement that will fit all the variables.

so here is a few facts. not opinion.

ez has lost u.s. market share in the double digits since 2008.

China has yet to float its currency.

S. Korea has added market share to u.s. auto imports. taken it away from Germany and japan. According to JD Powers quality is high.. According to price Germany will have a harder time competing.

Germany lost its #1 exporting tittle. China took it.

U.S. employment is about 9.7. People without a job spend less. Those with a job spend less in uncertain economic times. (save more)
unemployed younger workers are staying home with mom and dad. Mom and dad have less money with the added cost (buying nachos for the 27 year fat kid playing videos in the basement) to buy beamers. Sprinkle in some gulf coast oil and volcanic ash to take the place of the dust bowl.


With all the above negative things. Germany is the strongest economy in Europe..

How long can Germany support the 15 other countries? German cities are broke. In these broke cities combined you have a population equal to some of the ezu member countries. A broke country within Germany.

i haven't even touched the banking problems.

i haven't even touched the China incentive to break Germany. As we allowed them to do in the u.s.

Dont be surprised if in these small countries with the commodity contracts with china. Start being small militarily out post. It may start casual like in Africa to protect a pipeline or pirate attacks. just after some big international incident will take place where civilians are killed.

but before the straight jacket comes out..think about poor Billy Mitchel and:

Guess whose buying all the commodities? Guess whose Military has increased 10 fold in recent years? Who bought all of Russia's surplus aircraft carriers ect. Who makes a mean little fighter.

just in case bubble pops in china. and rocks are thrown. to stay in power you need misdirection.
those who can, do. those who cant, talk about those who can
  • #253,530
  • Jun 5, 2010 8:31am Jun 5, 2010 8:31am
Quoting sopel
true,

short term 5M shows something interesting. I think it will test 1.2080 and drop to 1.17. I'll be looking for next entry there.
hello ,can you help me ?? i do more EU at 1.2061 how should i do now is it possible callback some points ??

thank you very much
A chart helps those who can read it.
  • #253,531
  • Jun 5, 2010 8:39am Jun 5, 2010 8:39am
Quoting SkyzerFX
Since you ask and get so pissed about "charts don't lie" crap

here is example for you. ON chart #1 TOP named "BEFORE" show me where the

f* you see 1200 pips rise.. Looking at that chart you personally with

Gator will predict f* ZERO in like a week..

Check it out Before and After

"Trend is my f***g friend" and get raped for 1200 pips right there *L*

P.S Charts only means something when EVENT already happens,

It's like bet on NY Yankees based on History (previous results), no difference. THIS IS no way guarantee...
its funny i pointed out the event before it happened on my chart. you getting touchy lately.. still holding that 1.4 long?. Charts mean a lot if you know how to interpret them. But i agree they mean nothing if you don't know how to read them.
those who can, do. those who cant, talk about those who can
  • #253,532
  • Jun 5, 2010 8:43am Jun 5, 2010 8:43am
Quoting TEB63
well guys: Divergence with price and Cot
Yes bearish divergences are swarming on h1 h4 almost every single one of it . mom. rsi, sto, macd....I expected a downfall but not like this and so strong. NFP less then expected numbers blew a backwind to US. Last time when it came out better than expected, it drove the stock market higher. That was a demand for higher risk assets.

Risk aversion is currently in play.The futures Committment of Traders bet on the demise of the Euro because of Greece,Spain and other . If Greece gets bailed out eventually, then they will have to cover. That would propel EU higher..
  • #253,533
  • Jun 5, 2010 8:45am Jun 5, 2010 8:45am
Quoting mfoste1
it isnt totally absurd.....its REALITY. The dow and sp can drop far below the 08 levels and the economy will still be stable. Look at japan..........We just dropped below 1.20! for euro to benefit from a devalued euro it has to be that way for a while, not just a week of low eu....cmon man use some common sense!

I can tell you this, just look at history books, the economy WILL NOT recover from an economic downturn while a big spending democrat is in office....its COUNTERINTUITIVE! A[b]ll that obama has been doing is INCREASING the DEBT by...
i suggest you turn down the media and pull up a chart. then see who is really doing the spending since ole abe. Its not who many believe. 40 year chart will be enough. You could also pull up a dow one. Reality and perception are not always the same thing. Charts dont lie, people do.
those who can, do. those who cant, talk about those who can
  • #253,534
  • Jun 5, 2010 8:51am Jun 5, 2010 8:51am
Quoting sopel
something for harmonic traders . Monthly possible bullish butterfly.
Nice chart , yes there is a bull sitting in the monthly chart.
Rcently no bull worked whatsover by technicals ,market simply killed them all & nourishing only bear and nobody knows how long it be continued .

Just checking charts with patterns ,in each & every tf the bull only there but totally ignored & not worked to even a bit . just see h4 .
let the bear die first , bull will be nourished automatically .
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #253,535
  • Jun 5, 2010 8:55am Jun 5, 2010 8:55am
Quoting Forexfsa
who would of thought pushing 1.60 just a few months ago
mule that shit fast dont shit long
those who can, do. those who cant, talk about those who can
  • #253,536
  • Jun 5, 2010 8:59am Jun 5, 2010 8:59am
What is going to save the euro now?





BUSAN, South Korea (Dow Jones)--There was no discussion of the euro's level at the meeting of Group of 20 finance ministers and central bankers, U.K. Chancellor of the Exchequer George Osborne said Saturday.
Speaking at the end of the G-20 meeting in Busan, South Korea, Osborne said the troubles in the euro zone were a focus of discussions at the meeting but that "there was no explicit discussion of the level of the euro."
  • #253,537
  • Jun 5, 2010 9:01am Jun 5, 2010 9:01am
Quoting sopel
1.14 ... i dont see there anything.
1.06 (D ) - almost perfect match of 1.27 XA move and 1.61BC,
In weekly the bear still actively doing it's job . may be to 161.8% fib extension 1.0746.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #253,538
  • Jun 5, 2010 9:02am Jun 5, 2010 9:02am
Quoting gatorinla
mule that shit fast dont shit long

very very true!!!!!!!!!!

I think the euro nation is going to try and the hold the line at 1.7
(so 1.6 will be the very lowest bounce off very very strong S.)

but lets see what really happens... lol ... lol
germany and france will have to do something
and their plans must me in place now,
to hold the line at 1.6 to 1.7 area
-

teb
  • #253,539
  • Jun 5, 2010 9:15am Jun 5, 2010 9:15am
Quoting gatorinla
mule that shit fast dont shit long
Unless the mule has diarrhoea
  • #253,540
  • Edited 9:33am Jun 5, 2010 9:18am | Edited 9:33am
Quoting gatorinla
Charts dont lie, people do.
I just showed in my previous example with the screen shots

that charts do lie, especially on normal timeframe, not what you are

using yearly charts, to use them you'll need 2000 pips stop loss..

You cannot predict future based on history events.

Yes it's a possibility, but no guarantee.. That's why everyone just Guessing.

NOBODY can say exactly where Dollar going to be 1 year from now..

could be at 100 or as I think below 74. Tell me where June 05 2011

then I would type in, comeback in 1 year and tell you if charts lie or not.

And if you miss, then charts do lie, if you don't, then I'm wrong.

You not even sure what going to happens on Monday, what you even

talking about? Do you have any education besides been a fisherman?
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