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  • #281,141
  • Aug 12, 2010 12:52pm Aug 12, 2010 12:52pm
Quoting gatorinla
are you ready for some football?

http://www.youtube.com/watch?v=TmDW5p8X9xs

ohh yea...went to the HOF game on sunday, its close to my house.
  • #281,142
  • Aug 12, 2010 1:00pm Aug 12, 2010 1:00pm
Could a few of you enlighten me as to why, since the FOMC was BAD for the US, and the subsequent, news out such as the US Unemployment claims which was also worse than expected would cause the EUR/USD to Decline. If the US economy is the worst one of this pair, WHY IS THE EURO declining and the USD improving? I do not understand news days... They have hurt my feelings this week, and my account.
  • #281,143
  • Aug 12, 2010 1:01pm Aug 12, 2010 1:01pm
Quoting Munal
You can read it if you like it this weekend

www.mediafire.com/?p2rz1poqjnj8y01

Trading Secrets Unleashed........ which claims 36.99€ for 61 pages ebook


Enjoy
Its sites is http://www.chartsecret.com/content/t...rets-unleashed
very useful thx for that
  • #281,144
  • Aug 12, 2010 1:04pm Aug 12, 2010 1:04pm
Hi Gatorinla, I saw some pictures that you posted, and I saw some lines, like fibonacci retracement, but with some things different, like letter A , B, C , D and MID, and Target, and I see that the price reacts in these levels.
So what this lines mean? and how you trade with this?
I'm curious about this.
thanks.
  • #281,145
  • Aug 12, 2010 1:05pm Aug 12, 2010 1:05pm
Quoting gatorinla
are you ready for some football?

http://www.youtube.com/watch?v=TmDW5p8X9xs
gosh damn man, finally! got the PGA champ going on the big TV now...can't wait til some 49er football gets goin.
we gotta take you guys down this year somehow to get anywhere...New Orleans, Green Bay, maybe dallas/Minnesota.

Niners have their division pretty much locked up now though..Arizona, seattle and ST louis suck
  • #281,146
  • Aug 12, 2010 1:07pm Aug 12, 2010 1:07pm
Quoting amasat
very useful thx for that
Welcome
  • #281,147
  • Aug 12, 2010 1:10pm Aug 12, 2010 1:10pm
out +30.....still holding ucad
  • #281,148
  • Edited 2:27pm Aug 12, 2010 1:29pm | Edited 2:27pm
Got some much needed sleep., and am glad I stayed out of that sideways chop. That break past 1.2830 was weak and hesitant. It was a good example of equilibrium, too many afraid to buy, and too many afraid the down move had run too much to have much furthur to go. You would have expected there to be many stops below 1.2830 that would have acted as rocket fuel down, but it wasn't like that once it broke 1.2830. It actually probed down and came back to 1.2830 a couple times, then hit some stops at around 1.2925 and the market decided we just HAD to go visit the big figure being so close and all. That hesitency fortold of chop ahead.

I see we made it to 1.2880, which I am going to count as a hit on the 38.2% fib retracement to the 1.1890ish to 1.3300 move as I predicted yesterday. I have it as 1.27777 on my chart and crappy fib tool.

I predict more indecisive trading ahead as this market digests the last two days and decides if we need to retrace to the 50% fib? How about the 61.8?..... How about we bust through that and turn this into a retest of the 1.1876 low of June 6th?

All of that is possible.... so is days of sideways chop between 1.2830 and 1.3000. For now we chop I think... trade carefully.... the chop is where most traders shred their account balance.
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  • #281,149
  • Aug 12, 2010 1:33pm Aug 12, 2010 1:33pm
EU M15, looking for a breakout
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  • #281,150
  • Aug 12, 2010 1:35pm Aug 12, 2010 1:35pm
It will be a key level to watch over the next few days, either price will keep chopping sideways and continue to fail to probe much above it, or it's going to form firm support for sideways chop moves between it and 1.3000.
  • #281,151
  • Aug 12, 2010 1:41pm Aug 12, 2010 1:41pm
Quoting mr.fibo
EU M15, looking for a breakout
did it break?
  • #281,152
  • Aug 12, 2010 1:42pm Aug 12, 2010 1:42pm
Quoting Larry Exum
Could a few of you enlighten me as to why, since the FOMC was BAD for the US, and the subsequent, news out such as the US Unemployment claims which was also worse than expected would cause the EUR/USD to Decline. If the US economy is the worst one of this pair, WHY IS THE EURO declining and the USD improving? I do not understand news days... They have hurt my feelings this week, and my account.

but why you didn't ask same questions when euro went up 1500 pips in the presvious 9 weeks with no real retracements for no reason
  • #281,153
  • Aug 12, 2010 1:52pm Aug 12, 2010 1:52pm
Quoting ziko123
but why you didn't ask same questions when euro went up 1500 pips in the presvious 9 weeks with no real retracements for no reason

Well there was a very good reason for the euro to drop to 1.18, was the debt problem, more likely piigs, greece on top. Once the EMU sorted the problem of financing the debt, no bad reason to go high again. Now, i personally wonder why is the us$ so strong, when a state like california, one of the 10ths first economy of the world, comparable to germany, is in state of emergency because of it's debt. Also Europe is not involved in 2 blood sucking wars. And not maintaining the "order" around the world. Yes, europe has expensive social systems, and expensive polititians too....
  • #281,154
  • Aug 12, 2010 1:58pm Aug 12, 2010 1:58pm
Quoting mfoste1
out +30.....still holding ucad
I'm going short UCAD. SL a bit above the recent high. TP shown on chart.
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  • #281,155
  • Aug 12, 2010 2:07pm Aug 12, 2010 2:07pm
Quoting jackdan
Well there was a very good reason for the euro to drop to 1.18, was the debt problem, more likely piigs, greece on top. Once the EMU sorted the problem of financing the debt, no bad reason to go high again. Now, i personally wonder why is the us$ so strong, when a state like california, one of the 10ths first economy of the world, comparable to germany, is in state of emergency because of it's debt. Also Europe is not involved in 2 blood sucking wars. And not maintaining the "order" around the world. Yes, europe has expensive social systems, and...
It should not be the case, however, think of Japan and the yen. They can run deficits twice as high (more even that that right now) and continue to sell bonds and get buyers till the cows come home.

If Spain or Italy or many others tried to do that they would end up in a crisis with no one buying their debt.

Because the US can go on selling debt and the buyers will always be there....at least that's all we can tell from past action, and Japan says its possible for some economies (country) to do for at least 20 years, it is the currency of flight when risk comes off the table.

As long as that is the case, when sentiment turns negative, dollar will be strong.

The stock market just had its usually giddy, light volumn summer bull romp, drunk on what looked like good earnings, but they are unsustainable, and now that reality has sunk in, the stocks pull back, dollar improves.

The Euro move from 1.3100 up was all bullshit driven by the earnings fueled stock burp.

Keep in mind that October is almost always one of the most negative sentiment times in the calender year.... starts getting that way right around the end of the summer holidays, when volumn comes back, vacations are over, and the rosey glasses of summer are put away for the fall.

So, more dollar strength ahead with an increasing level of confidence in that prediction as we move to September, and ramp up for the October lows.
  • #281,156
  • Aug 12, 2010 2:10pm Aug 12, 2010 2:10pm
Quoting jackdan
Well there was a very good reason for the euro to drop to 1.18, was the debt problem, more likely piigs, greece on top. Once the EMU sorted the problem of financing the debt, no bad reason to go high again. Now, i personally wonder why is the us$ so strong, when a state like california, one of the 10ths first economy of the world, comparable to germany, is in state of emergency because of it's debt. Also Europe is not involved in 2 blood sucking wars. And not maintaining the "order" around the world. Yes, europe has expensive social systems, and...
what about this

http://www.zerohedge.com/article/stu...nnie-freddie-n

http://www.automatedtrader.net/real-...debt-forecasts
  • #281,157
  • Aug 12, 2010 2:15pm Aug 12, 2010 2:15pm
Quoting Crassius
So, more dollar strength ahead with an increasing level of confidence in that prediction as we move to September, and ramp up for the October lows.
That said, I should add that in my opinion, the EU has better handled their economy and central bank from the get go of this debt/credit crunch.

The current US administration is doing absolutely the opposite of what needs to be done... what EU is doing... that that bodes well for the Euro.

But it still won't be enough to overcome the old flight to safety = the dollar equation... even though it should. My bet would be on the German economy, it's leaders and it's policy decisions right now and scoff at the US shaking my head in disgust and dismay.
  • #281,158
  • Aug 12, 2010 2:19pm Aug 12, 2010 2:19pm
Quoting stevefx
I'm going short UCAD. SL a bit above the recent high. TP shown on chart.

I agree!! all signs pointing to a short
  • #281,159
  • Aug 12, 2010 2:21pm Aug 12, 2010 2:21pm
Quoting mercy seat
Beautiful ... 1.278xx area went quite well ... and we both ... you and me was expecting that ... even then ... if we obviously have had different types of approach there ... we came to the same clue at least ...

Interessant !

But what do you mean with octave 1/8 ?
Could you show this and explain by the way ... ?


mercy
Np m8...I have sent u a PM

here is the chart:

h4 1/8 octave, reversal point supported by m15 4/8 pivotal point and 2/8 strong reversal @ h1 chart
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 139 KB



Thats why we bounced
  • #281,160
  • Aug 12, 2010 2:27pm Aug 12, 2010 2:27pm
long 1.2825 tp 1.2900
StopLoss is for none belivers... Trust the Gurus..
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