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  • #296,301
  • Sep 25, 2010 2:42pm Sep 25, 2010 2:42pm
Quoting adrian07
if you belive that, you're in trouble. it's at least 4 month old news. wsj is known for subjectve news, to misguide little fish like as.

I guess that went over your head. Never heard of implied discrepancy then?
  • #296,302
  • Sep 25, 2010 3:04pm Sep 25, 2010 3:04pm
My longer term trend review on the higher timeframe charts up to the monthly leads me to beleive that this current run up despite any retracements / adjustments back down should continue up to at least the 1.3672 level. This level represents the 4/8 MM line and thus the pivot point on the MM charts for both the Weekly and Monthly charts. This same 1.3672 level is also the ultimate resisitance level 8/8 on the Daily chart. This is also a very close level in comparision to the Weekly R3 level at 1.3691. Since we have already climb over both the Monthly and Weekly pivot levels (as of Friday's readings) and the 3/8 MM line on the monthly is should at least try to test that 4/8 pivot level.

This 1.3672 also proved to be tough resistance back in Dec 2004 starting a year long drop in the EURUSD which lastet until Dec 2005. It bounce around this level again in April and May 2007 before continuing on up.

So looking longer term it appears that the EURUSD should want to at least re-test that 1.3672 level before starting any kind of long term move down. The next levels which have caused turning points after prolonged moves up again based on the monthly outlook are the 1.5137 (7/8 MM level) and 1.6113 (+1/8 MM level). In between those lies the 8/8 MM level at 1.5625.

Now again these are all long term outlooks and in this day and age with everyone set to weaken their own currencies in a battle of whom is truly weaker this pair could start a drop off the map tommorow and I wouldn't be the least bit surprised that it would throw all of the technical levels / reviews right out the window just to say "bet you didn't see that in your charts".

Some are saying another market crash is coming and I guess if that did happen the USD would regain strength in the FX world as a so called safehaven.

This all is of course just my take and fortunately for me I trade daily on 5m through 4h charts so up or down I can make pips so right or wrong I can still profit (or lose) just as easily.

Have a great weekend.
Today's zone = Tomorrow's opportunity!
  • #296,303
  • Sep 25, 2010 3:19pm Sep 25, 2010 3:19pm
Quoting mfoste1
so what's changed since then?.....ez is in worse shape now, default on greek, irish, portuguese, bonds is inevitable. Those countries are bankrupt its not a secret. How will they be able to pay back bailouts and make good on their bonds? they are losing tax revenues as well as export gains with the euro rising. Aging populations break governments. The best thing ez can do is devalue the euro. That is the only thing that will make them survive....banks are already dipping into seniors pensions for capital. Look at the millions in france protest because...
The higher the euro goes in the near future (if it does) the harder it makes it on the Euro countries to survive. I have got to believe this rising Euro could be a linchpin to its own benefactors. We have already seen the German manufacturing numbers take a pretty good hit. The previous articles "old news"( http://online.wsj.com/article/SB1000...27s+News+US%29 ) as it is, is very relevant for today. Sometmes I wonder if EZ would buy a low USD to help it out? Yes USD has its own issues, but the Euro bulls should probably start to think about the ramifications of a higher Euro.
  • #296,304
  • Sep 25, 2010 6:47pm Sep 25, 2010 6:47pm
trash over trash
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #296,305
  • Sep 25, 2010 6:55pm Sep 25, 2010 6:55pm
usd doomed.

I see this forming on monthly euro .. bull flag ... flag pole 7000 pip long...

of course very way out there thinking.

i got slammed hard for saying that eu weelky had stacks buying 1.3000 then all the way to 1.2000.... but the volumeo n all down bars was massive .... accumualtion of large magnitude.

Greece crisis... the only way we know they had issues was form the news.Greece could drop off the face of the earth and eurozone gdp would change by .5% only. may even improve without greece as an anchor.

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Quoting pres78
My longer term trend review on the higher timeframe charts up to the monthly leads me to beleive that this current run up despite any retracements / adjustments back down should continue up to at least the 1.3672 level. This level represents the 4/8 MM line and thus the pivot point on the MM charts for both the Weekly and Monthly charts. This same 1.3672 level is also the ultimate resisitance level 8/8 on the Daily chart. This is also a very close level in comparision to the Weekly R3 level at 1.3691. Since we have already climb over both the Monthly...
Blogging daily now at www.volume.zone
  • #296,306
  • Sep 25, 2010 7:10pm Sep 25, 2010 7:10pm
I saw this wave counting on euro, and it means we will have a bullish market generally for the next two weeks.
Attached Image (click to enlarge)
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  • #296,307
  • Sep 25, 2010 9:18pm Sep 25, 2010 9:18pm
Quoting malcolmb14
usd doomed.
Heheh...sounds just like when they said euro was about to head into oblivion few months back!...
  • #296,308
  • Sep 25, 2010 10:25pm Sep 25, 2010 10:25pm
What will stop this USD decline?

Will the EURO correct soon? or next week.
  • #296,309
  • Sep 26, 2010 1:17am Sep 26, 2010 1:17am
Quoting Astroman
Ahh the good old EUR/USD Pair, what am I to make of it?

I broke my teeth in FX trading solely this Pair and did quit well but now I cant seem to make a decent trade .....since about early April. If I remember correctly it was the weekend of April 9 and this Pair gave me a good ass beating. So it must be a psychological thing at play here.

When it was nearing 1.60 I said it couldn't go any higher, it didn't but yet I did not go Short. No Astro waited until about 1.34 or so and I went Long (it cant drop any further right?)...

I made the same mistake many times until I found out the best things is to always consult with fib regardless if what chart or strategy is used. The market is always retracing at a fib level. With 200 ema being my guidance, in a strong trend I enter at 23 Level, in medium trend I enter at 50 level which seems to be the most common. I alway place tight stops below the fib with a stop trail, and I get out when the candle get smaller before going in a correction phase and starting a new wave of up or down trend.
  • #296,310
  • Sep 26, 2010 1:21am Sep 26, 2010 1:21am
Quoting psiholog


What does this chart say? Bear flag yes, on the largest time frames possible. That means the move to the downside hasn't started yet (but could next week). My personal opinion is it will begin in October/November when historically the market has been very bullish (elections). This time the contrarian belief will catch everyone off guard, just my 2 cents.
no comments on ur analysis , but i think the Bear Flag u have mentioned , by definition, is not a Bear Flag .... u have even drawn it as a pennant , even then , it does not qualify as Pennant .

just to alert to ur understanding of the definition of a Flag and a Pennant ... hope u look up and get ur TA correct so as not lose out with wrong definition ..

  • #296,311
  • Sep 26, 2010 1:23am Sep 26, 2010 1:23am
this us dollar is falling down the cliff... It's scary !
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #296,312
  • Sep 26, 2010 1:27am Sep 26, 2010 1:27am
Quoting farhang
I saw this wave counting on euro, and it means we will have a bullish market generally for the next two weeks.
I think we are going to go to 137 than come back to 134 and then shoot up to 138 and the rally should stop right there.
  • #296,313
  • Sep 26, 2010 1:45am Sep 26, 2010 1:45am
http://t1.gstatic.com/images?q=tbn:J...035639.jpg&t=1

US Dollar inflated up
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #296,314
  • Sep 26, 2010 5:15am Sep 26, 2010 5:15am
hi all

are we over bought on fiber ?

thats what i see i might be wrong

13500's is the key

bulish yes we are on all TF's but we might retrace to 12900's then all longs wwill be safe ,


i will take it hour by hour be safe best of luck to all stay in green
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  • #296,315
  • Sep 26, 2010 5:28am Sep 26, 2010 5:28am
by the way did anybody sow the the spike down to 82.90 on xe yesterday it took the ej to 111. and gj to 131. and it came back
  • #296,316
  • Sep 26, 2010 7:41am Sep 26, 2010 7:41am
eu is getting into a strong area of res 1.35xx on daily it formed outside bar . so longs will be waiting for the pullback a good area 1.3166 to go long to take it to 1.36xx. for bears they are looking for the counter trend . on smaller time frame 1.34 to get it to 1.35xx then a major pullback to 1.3166
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  • #296,317
  • Sep 26, 2010 7:54am Sep 26, 2010 7:54am
A Lot of NOISY and None Sence Posts while everything crystall clear
Trade what U Seeeeeeeeeeee Not what u Thinkkkk
  • #296,318
  • Sep 26, 2010 8:05am Sep 26, 2010 8:05am
Quoting egkid
Trade what U Seeeeeeeeeeee Not what u Thinkkkk
Couldn't agree more, though of course everyones opinions and thoughts are appreciated here. So, what do you seeee?
  • #296,319
  • Sep 26, 2010 8:10am Sep 26, 2010 8:10am
Quoting egkid
A Lot of NOISY and None Sence Posts while everything crystall clear
Trade what U Seeeeeeeeeeee Not what u Thinkkkk
hey bro dont u see we are all on the pipe and high after all its crackfprex
  • #296,320
  • Sep 26, 2010 8:22am Sep 26, 2010 8:22am
Quoting kill56
hi all

are we over bought on fiber ?

thats what i see i might be wrong

13500's is the key

bulish yes we are on all TF's but we might retrace to 12900's then all longs wwill be safe ,


i will take it hour by hour be safe best of luck to all stay in green
Hi,
On your chart do you see the pattern above the date 1 feb 2009.
The pattern above were it says 15 aug 2010 looks the same?
purely based on historical data.
making green pips large and red pips small this is my goal.
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