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EURUSD

  • #294,281
  • Sep 21, 2010 9:22am Sep 21, 2010 9:22am
Quoting Fly2
FOMC=divebomb
That's my take on things:
http://img413.imageshack.us/img413/2...tbernankes.png
  • #294,282
  • Sep 21, 2010 9:22am Sep 21, 2010 9:22am
long term you could probably pick anyside and make pips.Of course go with the side with the interest.May take a week a month or 6 months or a year but eventually you will get pips if you can cover the moves
  • #294,283
  • Sep 21, 2010 9:23am Sep 21, 2010 9:23am
Quoting Masrim
That's my take on things:
http://img413.imageshack.us/img413/2...tbernankes.png
I do not currently have any long term positions, nor recommend any.
  • #294,284
  • Sep 21, 2010 9:24am Sep 21, 2010 9:24am
Looks like we are going to range a bit till the news /be back later
  • #294,285
  • Sep 21, 2010 9:24am Sep 21, 2010 9:24am
If pair does not break upside while London is still open, is likely to come down. Low volumes do not favour EUR, there is strong resistance up there.

But it will come down anyway, during Asia or tomorrow to get some more strength.
This move does not look sustainable.
They think they are smarter than I am.
  • #294,286
  • Sep 21, 2010 9:27am Sep 21, 2010 9:27am
10 seconds and 1 min PA hints that it wants to go up.

There seems to be a potential bull flag for smaller timeframe. A break and hold of 1.3050 confirms the break of this flag, and the upthrust would be quite strong (though not strong enough to hit 1.3300, definitely not).
  • #294,287
  • Sep 21, 2010 9:28am Sep 21, 2010 9:28am
My pops told me last weekend about when he bought hes second house in the beginning of the 70s. They had no kids by then but they where planning on and so forth so the appartment they lived in where getting small, the usual stuff. Well anyway, back then in sweden you could still go buy beer and smoke pot if you where 10 years old, just cause nobody did, and there where no harm if anybody did most of the time.

At this time the general consensus was NOT TO BORROW MONEY if you could avoid to! Everybody knew you will become the slave of the banks if you do. Well pops did borrow a bit of money, being a regular guy he and mum couldnt afford the house being regular people. He told me that the interest rate at that time was around 13-14%, and nobody raised an eyebrow, borrowing was REALLY expensive!

Thats not exactly the idea now is it?

I mean the fed says 0.25% intrest is ok. So how big a diffrence is it between the average swedish assumption not to borrow 8at (13-14 % interest), and to borrow for 0.25%?

Well exactly 13.5/0.25= 54

So it costs only 1/54 to borrow according to the feds rates then to the swedish banks in the 70s. Thats friggin startrek diffrence! Thats the friggin diffrence between a pebble and huge boulder! Thats the friggin diffrence between the a cute bunny and the friggin terminator!
My signature is: "Classified".
  • #294,288
  • Sep 21, 2010 9:28am Sep 21, 2010 9:28am
  •  Pipalot
  • | Joined Sep 2010 | Status: Going with the flow of the markets | 79 Posts
I am long here and have been from 27923. This is Bullish and has been for days. For those that keep calling shorts i just don't get it. But i guess that's the joy of trading, everyone has their own opinions. Good luck everyone.
  • #294,289
  • Sep 21, 2010 9:29am Sep 21, 2010 9:29am
Quoting Sunsi
What is your thoughts on the trade now after failing at 1.3140 ?
Still trying to push it higher
  • #294,290
  • Sep 21, 2010 9:32am Sep 21, 2010 9:32am
Quoting yaed
My pops told me last weekend about when he bought hes second house in the beginning of the 70s. They had no kids by then but they where planning on and so forth so the appartment they lived in where getting small, the usual stuff. Well anyway, back then in sweden you could still go buy beer and smoke pot if you where 10 years old, just cause nobody did, and there where no harm if anybody did most of the time.

At this time the general consensus was NOT TO BORROW MONEY if you could avoid to! Everybody knew you will become the slave of the banks...

the final consumer of loans from which funds are provided to banks by the fed are not paying the .25% int R, it is much higher than that. To make the situation worse, there are a lot of people who can't even get loans. Even if they do get a loan, these people with less than perfect credit will pay high int R only pushing them deeper into debt and increasing their risk of default. These low interest rates only makes the banks richer
  • #294,291
  • Sep 21, 2010 9:33am Sep 21, 2010 9:33am
Quoting Z3iz3i
If pair does not break upside while London is still open, is likely to come down. Low volumes do not favour EUR, there is strong resistance up there.

But it will come down anyway, during Asia or tomorrow to get some more strength.
This move does not look sustainable.
Well.. me think if this time it go down then it didn't get strength for up move.. selling pressure will be increased and below 3071, me think must be to close long chapter for the rest of the week..lets see...
  • #294,292
  • Sep 21, 2010 9:33am Sep 21, 2010 9:33am
Quoting T@rantula
Still trying to push it higher
Yeh it really wants to , but doesn't seem to be ready yet, it would already be broken if there weren't that FOMC i'd say.
I don't rule out a move lower before london close, and buying the spike down might be a good idea during FOMC, we'll see
COT: The precious data ignored
  • #294,293
  • Sep 21, 2010 9:36am Sep 21, 2010 9:36am
Lets see what camel do !! or if pa can break how many blue, white ( HL ) and yellow line , all from daily & above tf but doing it , break & close seen in lower tf should say something inadvance , may hold not though still .considering some pips differences in each line as of higher tf may not be accurate in lower one .

3159 break to confirm long , next 3183 most cretical area but confirmation up further 3199 breaks, not so far > either break fail at 3183 , not seem feasible as as pa comes through all tests below. though again another level to care 3213 . anyway up so far .


Yes, not considering any effects or if should be negative only as no change may happen here due FOMC & bid rates US & market disappoint with probable no change ,no stunt , just to wear a safety sheild.
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #294,294
  • Sep 21, 2010 9:37am Sep 21, 2010 9:37am
Quoting mfoste1
the final consumer of loans from which funds are provided to banks by the fed are not paying the .25% int R, it is much higher than that. To make the situation worse, there are a lot of people who can't even get loans. These low interest rates only makes the banks richer
Yeah
My signature is: "Classified".
  • #294,295
  • Edited 9:57am Sep 21, 2010 9:42am | Edited 9:57am
Right I think we are at the tipping point this is what I would like to see now.

17:00 3100
18:00 3080
20:00 3070 retest 3100
23:00 3045
00:00 3065 test
05:00 Wed 3000 Sideways range
Founder of Sutherland Wave Principle
  • #294,296
  • Sep 21, 2010 9:43am Sep 21, 2010 9:43am
If we see this daily chart its fighting for the break of upper resistance trend-line..... the rsi is in clear direction supported by rising trendline...the 200 sma acted as good support on previous days....... if we count as X (area--1.1878 A as 1.3333 and B as 1.2605 (Which was supported by 100 SMA and 50 % retracement of FIB then the next target could be probably 138.2 Fib Level of 1.1878 to 1.3333 Level) ........ so for those who entered long on 1.3022 78.6 Fib level supported by 200 SMA has a very good probability of holding their long run...........

One of the good things of RSI is if its a strong trend to upper side it never goes to Oversold level and if its strong sell then it never goes to overbought area........

My 2 cents.......

Guys correct me, your suggestion will be fuel for me.......
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  • #294,297
  • Sep 21, 2010 9:44am Sep 21, 2010 9:44am
Quoting kuroro001
Yeh it really wants to , but doesn't seem to be ready yet, it would already be broken if there weren't that FOMC i'd say.
Exactly
  • #294,298
  • Sep 21, 2010 9:46am Sep 21, 2010 9:46am
Quoting Shah22
Well.. me think if this time it go down then it didn't get strength for up move.. selling pressure will be increased and below 3071, me think must be to close long chapter for the rest of the week..lets see...
Well that might be. I have something going on here to try out, its 1 move /day if it works, i can pretty much give exact timing when the big move starts

But todays move upside according to my x-files is over. (not hoping)
They think they are smarter than I am.
  • #294,299
  • Sep 21, 2010 9:51am Sep 21, 2010 9:51am
Quoting Z3iz3i
Well that might be. I have something going on here to try out, its 1 move /day if it works, i can pretty much give exact timing when the big move starts

But todays move upside according to my x-files is over. (not hoping)
send me a pm when it's ready, want to be part of it
  • #294,300
  • Sep 21, 2010 9:55am Sep 21, 2010 9:55am
Hi guys! I heard a lot these days and forums are mostly pumped to the north! But I do not think so! Cartridges and are finishing the majority of institutional October see otherwise ... They profit at the south and I like them go behind the short short short


There is only one right price.... what the customer is willing to pay !
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