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  • #281,841
  • Aug 13, 2010 10:16am Aug 13, 2010 10:16am
Quoting Agent-Pipen
I want to ask people in the room, if you were to buy Euro what price would you want to buy it at? Today's sell off seems to be a perfect set up for people to get the price as low as possible so they can buy on Sunday night.
Here you have some interesting trading signals :

http://www.actionforex.com/trading-s...moku-intraday/

For EUR/USD long at 1.2670 proposed... (soon will be !)

PS: your quote of Charles Baudelaire is Excellentissime !
  • #281,842
  • Aug 13, 2010 10:17am Aug 13, 2010 10:17am
Quoting mfoste1
lol yea i was just kidding.....daily tl comes in @ 2715, so that may be a start....if we break it thats a different story.....im looking for a close below 27741

It'll be an interesting Monday if we close above 1.2777. 1.2765 now, Can it hang on as liquidy evaporates after 12 noon est?
  • #281,843
  • Aug 13, 2010 10:17am Aug 13, 2010 10:17am
Thats where I disagree with you. Your are assuming that everything is about cheap labour when the future and present (rich countries without a lot poverty) base their economies in highly qualify and specialize labour and thats where Europe is still a big player. It remain me on the economic history books when there were strong forces opposing industrialization in the UK and others because all the farm and agriculture were moving to some cheaper parts.

Your depressingly dark outlook on european Economy is only based on their weakness and IMO it should also include their strengths before forecasting the debacle of the biggest GDP/trading partner in the world (EU as a whole).

In any case, I do agree that EU will need serious reform to keep them on the right track on the future...

sisse


Quoting gatorinla
*L* and what is all that cheap labor you talk about gonna do for the German worker? Its gonna force his wages to be cut. So you tell me how will this help the Euro. Wishful thinking..Mean while more retire and less % come into the workforce. Less people making less money to support a ever rising cost. Im not waiting for the movie..
Pending conversations? PM for a chat...I am mainly in OTM now
  • #281,844
  • Aug 13, 2010 10:20am Aug 13, 2010 10:20am
Quoting style2fx
Here you have some interesting trading signals :

http://www.actionforex.com/trading-s...moku-intraday/

For EUR/USD long at 1.2670 proposed... (soon will be !)

PS: your quote of Charles Baudelaire is Excellentissime !

Thank you for the link. Very informative. Here's the wrap up according to actionforex

As the single currency has remained under pressure, suggesting recent decline from 1.3334 top is still in progress and further weakness to 1.2732 (previous support) is underway, however, loss of downward momentum would prevent sharp fall below 1.2680 (50% projection of 1.3233 to 1.2780 measuring from 1.2906) and reckon 1.2625/30 (61.8% projection) should hold, bring rebound later today or early next week.


Thank you for Excellentissime.
  • #281,845
  • Aug 13, 2010 10:20am Aug 13, 2010 10:20am
Quoting sisse
Thats where I disagree with you. Your are assuming that everything is about cheap labour when the future and present (rich countries without a lot...


their "strengths" sure got sold into today..........german gdp blew away expectations, eu is 150 pips away from europes high.................
  • #281,846
  • Aug 13, 2010 10:21am Aug 13, 2010 10:21am
Quoting andreypu
why less market share ? Europe has finally got what the usa and asia had for long. a cheap bacwarded inner core with cheap labor to assemble goods created . like mexicans for the us or indonesians for japans. the main problem is that german workers don t like their jobs moved away to slovakia or romania. they may riot. but the expensive welfare system cannot be maintained without cheap labour. so it s donnant donnant, they arent able to stop it and politicians sell europe as a protective shields against globalisation and the factories are moving...
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those who can, do. those who cant, talk about those who can
  • #281,847
  • Aug 13, 2010 10:24am Aug 13, 2010 10:24am
Euro-Zone Growth: Made in Germany


http://online.wsj.com/article/SB1000...googlenews_wsj
  • #281,848
  • Aug 13, 2010 10:25am Aug 13, 2010 10:25am
Quoting Agent-Pipen
I want to ask people in the room, if you were to buy Euro what price would you want to buy it at? Today's sell off seems to be a perfect set up for people to get the price as low as possible so they can buy on Sunday night.
i will buy at 2744 for a short bounce to 2829.
  • #281,849
  • Aug 13, 2010 10:25am Aug 13, 2010 10:25am
lol true ... but you are serious trader and you know that the fears on the US double dip recession are driving the momentum especially since last week and that German GDP will have its impact sooner rather than later on our charts.

sisse

Quoting mfoste1
their "strengths" sure got sold into today..........german gdp blew away expectations, eu is 150 pips away from europes high.................
Pending conversations? PM for a chat...I am mainly in OTM now
  • #281,850
  • Aug 13, 2010 10:39am Aug 13, 2010 10:39am
Quoting sisse
Thats where I disagree with you. Your are assuming that everything is about cheap labour when the future and present (rich countries without a lot...
look at it as a business. W/o any preconceived emotion or notions. 9 out of 10 new businesses fail. Since we are talking about countries ill extend tf. You do realize it has failed once already had it not been for u.s. and others intervention. back at .8229. Well the world is in bad shape today. Less countries are willing to pay for intervention to a foreign land. Anyway lets see what happens. War has broken every agreement ever made between European nations. I doubt this will end any different. Its a trend. If you go back to Roman rule its a 2000 year old trend. Georgia was not a unplanned fluke. If oil drops watch where sky's king points his finger. nato will fight nato.

Or in a single sentence. "a mule that shit fast don't shit long"
crip note version availible
those who can, do. those who cant, talk about those who can
  • #281,851
  • Aug 13, 2010 10:42am Aug 13, 2010 10:42am
Quoting sisse
lol true ... but you are serious trader and you know that the fears on the US double dip recession are driving the momentum especially since last week and that German GDP will have its impact sooner rather than later on our charts.

sisse
many of those so called good numbers are compared to crises #s.. so they hide it in little things like saying "it was the best % increase in four years". to give the appearance its a good #...
those who can, do. those who cant, talk about those who can
  • #281,852
  • Aug 13, 2010 10:43am Aug 13, 2010 10:43am
I don't disagree with you on that historical point... sadly history tends to repeat itself and Europe is #1 in confirming that trend (Afganistan is the same and we can name an endless list ...) ... However, I still want to be wrong and believe that societies can evolve ... meanwhile your point not only for Europe but across the world is as valid as ever.

sisse

Quoting gatorinla
look at it as a business. W/o any preconceived emotion or notions. 9 out of 10 new businesses fail. Since we are talking about countries ill extend tf. You do realize it has failed once already had it not been for u.s. and others intervention. back at .8229....
Pending conversations? PM for a chat...I am mainly in OTM now
  • #281,853
  • Aug 13, 2010 10:43am Aug 13, 2010 10:43am
Something to be mindful of all you shorts. Swissy has been bought while Euro has been sold. Something gotta give and my guess is we'll see a EU bounce soon.
  • #281,854
  • Aug 13, 2010 10:45am Aug 13, 2010 10:45am
lol ... i don't want to be a pain and start a discussion on this but the 2.2% German GDP is the highest since 1991.

sisse

Quoting gatorinla
many of those so called good numbers are compared to crises #s..
Pending conversations? PM for a chat...I am mainly in OTM now
  • #281,855
  • Aug 13, 2010 10:46am Aug 13, 2010 10:46am
Quoting manojsai
i will buy at 2744 for a short bounce to 2829.

It might still get there.
  • #281,856
  • Aug 13, 2010 10:48am Aug 13, 2010 10:48am
Quoting sisse
lol ... i don't want to be a pain and start a discussion on this but the 2.2% German GDP is the highest since 1991.

sisse
go back re-read my entire post. you missed some.. 1991? you mean they have been on a decline since then?
those who can, do. those who cant, talk about those who can
  • #281,857
  • Aug 13, 2010 10:49am Aug 13, 2010 10:49am
best drummer living

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  • #281,858
  • Aug 13, 2010 10:51am Aug 13, 2010 10:51am
EC still heavy...
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Click to Enlarge Name: chart 1.gif Size: 19 KB
Look Sharp/Trade Tight
  • #281,859
  • Aug 13, 2010 10:55am Aug 13, 2010 10:55am
if we close here candle says we have more weakness next week. more weakness till months end, it may give tweezers on the monthly. So this could be a huge move below 1876.
those who can, do. those who cant, talk about those who can
  • #281,860
  • Aug 13, 2010 10:55am Aug 13, 2010 10:55am
yet they could be on their jets right now getting back into the market

Quoting Blicas
they are on vacation at Nazaré...
dreams do come true.
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