EURUSD | Page 12854 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #257,061
  • Edited 5:14pm Jun 11, 2010 5:00pm | Edited 5:14pm
My view for next week and of course i could be wrong but this my view
1.20 bottom , Up to 1.2385
Happy week to all
Edit: Just to be Clear my view doesn't mean Europe have better economy Than US or what ever, it's my mental and technical view
  • #257,062
  • Jun 11, 2010 5:20pm Jun 11, 2010 5:20pm
Quoting Xaron
Nice. A close above 1.21
Looks like the guys at CMC close before the markets close.
Bro, don't try to fight those guys alone, just let them bark, till it's over.

"Dog barks caravan moves on"....

I can supply about 100 reasons why in PM.. Poor Dullah longs

your bull lost 1 testicular already this week and next week He's

going to lose last one , get ready...
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #257,063
  • Jun 11, 2010 5:21pm Jun 11, 2010 5:21pm
Attached Image (click to enlarge)
Click to Enlarge Name: getchart.png Size: 40 KB


ok strange weekly cot chart
has anyone seen it

higher vol!!
green candle
BUT big boys still going more more short?
this has to be a short!! chart

how do you read this?

I know at the extreem points we often have a turn
but normal happens a week later.

could there have been that big a change from tuesday to friday
if so Sky you are right we will have a big move fast!!


teb
  • #257,064
  • Jun 11, 2010 5:27pm Jun 11, 2010 5:27pm
Quoting mfoste1
yea i agree, dollar is doomed long term, but not right now.....just too much easy money for a very long time. American spending habits are outrageous compared to the rest of the world, this will kill our country. Were so used to rising markets and standards of life that we literally have no idea what a real downturn looks and feels like. since the early thirties standards of living have literally went up in a straight line. I remeber, ironic as it was, i was in macroecon class when paulson came on saying "If we dont give the banks money the economy...
I agree with most of what you said but I think you are underestimating the potential of technology and innovation, unless ofcourse if you mean agriculture in a broader sense i.e. genetic engineering and biochemistry.
  • #257,065
  • Jun 11, 2010 5:32pm Jun 11, 2010 5:32pm
Quoting uraceulose
yep. I'm sure in 3 years we will look back and say "it ended up boiling down to who was in the big house". it's an easy way to control it for the men behind the curtain and it makes sense on the timing or close anyway. I do believe the dollar is also screwed and bound to drop big time..i just don't know if Euro will be here in it's current state to gain against the dollar. I'm sure AU, CAD, GOLD GOLD GOLD, yuan of course, won, rupee, franc..whatever else will go up against dollar. the euro just has me worried because of the weird 16 governments,...
Hey man nice summary. I feel the same way in general. From a technical standpoint I still think the dollar has room to run - perhaps one more leg on the EU chart and USDX. But I hear ya, I think versus the other currencies it will start to get some footing, so therefore it might not move as much as it has.

Have a great weekend also and to everyone.
  • #257,066
  • Jun 11, 2010 5:37pm Jun 11, 2010 5:37pm
Quoting Masrim
I agree with most of what you said but I think you are underestimating the potential of technology and innovation, unless ofcourse if you mean agriculture in a broader sense i.e. genetic engineering and biochemistry.
yea i might be......but for example look at those guys who just created a "synthetic cell".....talk about fucking around with the WRONG stuff....they dont know what they are doing, how could they even possibly fathom the long term consequences of these actions? humanity might look back on this in 200 yrs and say why the hell did we let them manufacture life...or they might say look at what weve accomplished. Its really a crapshoot when it comes to biotech like that, good or bad. I mean look at how monsanto ruined the american farmer..... For the syntha cell situation, id say the latter.........they opened up a door i dont think they had any business whatsoever opening.
  • #257,067
  • Jun 11, 2010 6:04pm Jun 11, 2010 6:04pm
funny set of charts
no clear trend.

I do not think its dollar weakeness as much as euro strenght
that is as far tuesday goes

teb
  • #257,068
  • Jun 11, 2010 6:06pm Jun 11, 2010 6:06pm
Quoting uraceulose
yep. I'm sure in 3 years we will look back and say "it ended up boiling down to who was in the big house". it's an easy way to control it for the men behind the curtain and it makes sense on the timing or close anyway. I do believe the dollar is also screwed and bound to drop big time..i just don't know if Euro will be here in it's current state to gain against the dollar. I'm sure AU, CAD, GOLD GOLD GOLD, yuan of course, won, rupee, franc..whatever else will go up against dollar. the euro just has me worried because of the weird 16 governments,...
Hi,

My opinion is that Euro will move faster than all those you mentioned. I have several reasons:
1- Euro is more oversold
2- Exotics againt euro are close to the bottom, just have a look at EUR/AUD and EUR/NZD and compare them to GBP/AUD and GBP/NZD, you will see what i'm talking about
3- Elliot speaking, last internal 4th wave was around 500 pips so i strongly expect this 4th wave will exceed this number of pips

If you are interested more about this than i will post a chart and explain in details the target of Euro in the short-term.

Of course, long-term speaking, i see Euro targeting 0.9 levels

Nice to dicuss with you guys!
  • #257,069
  • Jun 11, 2010 6:17pm Jun 11, 2010 6:17pm
Quoting mfoste1
yea i might be......but for example look at those guys who just created a "synthetic cell".....talk about fucking around with the WRONG stuff....they dont know what they are doing, how could they even possibly fathom the long term consequences of these actions? humanity might look back on this in 200 yrs and say why the hell did we let them manufacture life...or they might say look at what weve accomplished. Its really a crapshoot when it comes to biotech like that, good or bad. I mean look at how monsanto ruined the american farmer..... For the...
Well there's a few areas where a breakthrough and thus a locomotive for the next economic cycle might come - biotech, AI, space travel, alternative energy sources(here I mean something radically new and unexplored yet) all sorts of possibilites. The next Kondratiev wave will be driven by one of those I think. AI and space are a bit far away for now, unless we get some miraculous breakthorugh, so I think biotech is most probable, as it is pretty much explored on theory already, just hasn't been put to use yet on the right scale.
Also it is a direct solution to many of the problems which you correctly pointed out. For good or wrong it's bound to happen I think.
  • #257,070
  • Jun 11, 2010 6:30pm Jun 11, 2010 6:30pm
Quoting Masrim
Well there's a few areas where a breakthrough and thus a locomotive for the next economic cycle might come - biotech, AI, space travel, alternative energy sources(here I mean something radically new and unexplored yet) all sorts of possibilites. The next Kondratiev wave will be driven by one of those I think. AI and space are a bit far away for now, unless we get some miraculous breakthorugh, so I think biotech is most probable, as it is pretty much explored on theory already, just hasn't been put to use yet on the right scale.
Also it is...
Im a firm believer that we are in the winter cycle right now......it may be a long time before we see a true breakthrough in a technology. countries too busy trying to solve problems right now I mean for christs sake look at this! we cant even figure out how to accommodate shitters for everyone in the world! http://www.hulu.com/watch/154282/van...-toilet-crisis ...thats why i think well be in this wave for the better part of 2010-2020. There are soooooo many problems and conflicts in the world right now that are going to take some time to resolve, how could we possibly advance as a race right now.....3 steps back, 2 ahead.
  • #257,071
  • Edited 7:34pm Jun 11, 2010 6:32pm | Edited 7:34pm
weekend reading

http://www.bloomberg.com/apps/news?p...7ZbEE.pM&pos=7

http://www.bloomberg.com/apps/news?p...9yKZzdJ4&pos=4
  • #257,072
  • Jun 11, 2010 6:55pm Jun 11, 2010 6:55pm
Quoting TEB63
Attachment

ok strange weekly cot chart
has anyone seen it

higher vol!!
green candle
BUT big boys still going more more short?
this has to be a short!! chart

how do you read this?

I know at the extreem points we often have a turn
but normal happens a week later.

could there have been that big a change from tuesday to friday
if so Sky you are right we will have a big move fast!!


teb

Straight up my alley

we saw a dip below 1.20 this week where the big sharks bought Euro and small spec sold to them... And we know who is going to win

I believe this is the return for Euro (1) if not, we might see 1.1000-1.000 anyways I am long for now with fingers crossed and SL set at 1.85...

1. COT chart shows a reversal, don't forget that this chart is from 8/6-2010... Bulls increased with 5% and there is alot more to go from here... Why? Open your eyes... look out in the real world, getting euro at 1.2 is just cheap....
Attached Image (click to enlarge)
Click to Enlarge Name: ED.png Size: 27 KB
  • #257,073
  • Jun 11, 2010 7:47pm Jun 11, 2010 7:47pm
Quoting Larseg
Straight up my alley

we saw a dip below 1.20 this week where the big sharks bought Euro and small spec sold to them... And we know who is going to win

I believe this is the return for Euro (1) if not, we might see 1.1000-1.000 anyways I am long for now with fingers crossed and SL set at 1.85...

1. COT chart shows a reversal, don't forget that this chart is from 8/6-2010... Bulls increased with 5% and there is alot more to go from here... Why? Open your eyes... look out in the real world, getting euro at 1.2 is just cheap.......
Ok you say so. everything must be all better in EZ???? No more bad news eh? Forget that the EZ likes the lower euro.
  • #257,074
  • Jun 11, 2010 8:50pm Jun 11, 2010 8:50pm
Quoting Larseg
Straight up my alley

we saw a dip below 1.20 this week where the big sharks bought Euro and small spec sold to them... And we know who is going to win

I believe this is the return for Euro (1) if not, we might see 1.1000-1.000...
You're right.. nothing moves straight down forever. Remember that descending triangle on the 4h (17 May- 3rd June) PA did fall, specs sold into it big time and I think that is beginning to look like a sucker punch as the shorts are still holding so we could have the 'perfect storm' of a short squeeze. 1.23 is within reason. Just my 2 cents though.
  • #257,075
  • Edited 9:24pm Jun 11, 2010 9:12pm | Edited 9:24pm
Quoting Larseg
we saw a dip below 1.20 this week where the big sharks bought Euro and small spec sold to them... And we know who is going to win
And where's the volume? Your charts shows large spec as 68% bullish in early May, how did they feel about losing 5-10 cents? Big boys are overrated, there are many losers in that group. It also isn't a fight between small spec and big boys, both groups have conflicting positions within them, and in any case we're ants to the large traders. It's so wrong and flawed to just say "big boys transferred positions to small spec".

Quoting fxswing
you sell until the things gets fixed.
And for this crisis, things are far away from being fixed.
Damn right. Anyone talking about longterm bull action seems to be overlooking the global economic climate. We're still in risk aversion here. Overbought, oversold, historical limits etc don't matter. All that matters is the flow of money.

Quoting Xaron
The thing is that all this deep sh1t is almost priced in the Euro
Even if it were, it's not what drives markets.

Quote
Oh yes they teached me a lot indeed. But the last 6 months didn't change the underlying fundamentals which are much worse for the US now as 6 months ago.
The fundamentals are only worse because the same problems are still there and we're 6 months further along without addressing them. If you think they're much worse now than then, you probably underestimated the problems 6 months ago.
  • #257,076
  • Jun 11, 2010 11:25pm Jun 11, 2010 11:25pm
Jim Rogers saying it's time to buy the euro...
Inserted Video


Just remember that he was saying to buy the dollar at the bottom 6-7 months ago and we saw that big rally !

Who's Jim Rogers ?

«In 1970, Rogers joined Arnhold & S. Bleichroeder. That same year, Rogers co-founded the Quantum Fund. During the following 10 years the portfolio gained 4200% while the S&P advanced about 47%.[4] It was one of the first truly international funds.

The Quantum Group of Funds are privately owned hedge funds based on Curaçao (Netherlands Antilles) and Cayman Islands. They are currently advised by George Soros through his company Soros Fund Management.

In 1992, the lead fund, Soros's Quantum Fund became famous for "breaking" the Bank of England, forcing it to devalue the pound. Soros had bet his entire fund in a short sale on the prediction that the British currency would drop in value (it did), a coup that netted him a profit of $1 billion.[2] In 1997, Soros was blamed for forcing sharp devaluations in Southeast Asian currencies.»
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #257,077
  • Jun 12, 2010 12:18am Jun 12, 2010 12:18am
Quoting Mr J
And where's the volume? Your charts shows large spec as 68% bullish in early May, how did they feel about losing 5-10 cents? Big boys are overrated, there are many losers in that group. It also isn't a fight between small spec and big boys, both groups have conflicting positions within them, and in any case we're ants to the large traders. It's so wrong and flawed to just say "big boys transferred positions to small spec".
Are you serious?
Looking at how you text with people here in FF
and your strong stupid opinions
I give you a maximum of 3-4 months...

Good luck,
Post Scriptum; don't bother to reply, cause I won't...
  • #257,078
  • Jun 12, 2010 12:32am Jun 12, 2010 12:32am
waka waka ...this time for Africa

Inserted Video
  • #257,079
  • Jun 12, 2010 12:35am Jun 12, 2010 12:35am
I wish war would stop during World Cup 2010....

Waka waka ..this time for Africa
  • #257,080
  • Jun 12, 2010 1:06am Jun 12, 2010 1:06am
hi guys

been a hectic week here in South Africa... the world cup has started and the ambiance is awesome... i was really impressed by Bafana Bafana performance against Mexico but they deserved the draw!!

talking forex, i am currently still holding 4 losing shorts on AUDJPY AUDCAD USDCAD, looking forward to close them for ideally -10 when the market converges... no real action in the market but technicals point to USD strengthening again next week. See you next week and enjoy watching the games!!!

football rocks
When life gives you lemons, make lemonade
320 traders viewing now