EURUSD | Page 15181 | 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

  • #303,601
  • Oct 10, 2010 6:53am Oct 10, 2010 6:53am
Go China Go! At last somebody has the balls to stand up to the redneck thug running dog colonialist nations - Britain and her whoreson the USA.

http://www.telegraph.co.uk/finance/c...rency-war.html

“They control not only their own currency but actually the entire global currency system,” he said.

"Writing in the Financial Times, Mr Soros added: “Whether it realizes it or not, China has emerged as a leader of the world. If it fails to live up to the responsibilities of leadership, the global currency system is liable to break down and take the global economy with it.”
"If The Fool persists in his Folly he will become wise." - William Blake
  • #303,602
  • Oct 10, 2010 7:01am Oct 10, 2010 7:01am
waves of gu are getting clearer to follow
Attached Image (click to enlarge)
Click to Enlarge Name: gu111.gif Size: 19 KB
  • #303,603
  • Oct 10, 2010 7:14am Oct 10, 2010 7:14am
Quoting gatorinla
different perspective can be rewarding in both of our pockets. Aj has a bearish gartly. its one of the best indicators there is.. aj has markets and commodities in one pair. if gartly is correct it points to a big down movement.
How does one use aj as an indicator re eu? Thanks in advance.
  • #303,604
  • Oct 10, 2010 7:15am Oct 10, 2010 7:15am
rising to 1.4 again : p
Hero calls followed by margin calls...
  • #303,605
  • Oct 10, 2010 7:24am Oct 10, 2010 7:24am
Quoting gatorinla
different perspective can be rewarding in both of our pockets. Aj has a bearish gartly. its one of the best indicators there is.. aj has markets and commodities in one pair. if gartly is correct it points to a big down movement.

Hello Gator,

I put together a lengthy post to you of my sight of recent price movement, sentiment data (3%Bulls left for USD), historical comparatives and so on.

At the point, where I concluded my findings and thanked you for your Voucher (many thanks to you for my first one; I would give you one too, but I fear you have to wait till I got three more), my browser crashed (I like crashes) and my posting was gone.

And no I have no time to write it again. But pictures show more than thousand words. See my actual counts on my blog, which can be accessed through my signature.

I had much work to count and decide the alternative squiggles, but I think I got them all. Only two of the 5 counts are valid. But take a look by yourself.

Yesterday I did a very detailed count on the upmove since end of August, and I do not see an alternative hereto which has all the merits on all the time frames, no alternative which would better fit to Awesome Oscillator and RSI, and no alternative which would better fit regarding sentiment.

So my main count stays the same. Wave 5 of C of 2 has concluded and we are in a huge downward move now.

But the top alternative count has its charm too, because of its simpleness.
Even when I do not know how I have to count the upmove since end of August to make it fit, yet.

The Bingo moment for us traders is simply, that both counts will move a little bit up, then down.

The LD main count will run in its wave 3 really deep, whereas wave e of 4 of alternative count only will run against 1.3825 1.3794


Hope that helps for all of your trading decisions.


Best to you and thanks again,

Markus
  • #303,606
  • Oct 10, 2010 7:25am Oct 10, 2010 7:25am
Hi everyone

Anyone still long on the pair ?
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #303,607
  • Oct 10, 2010 7:33am Oct 10, 2010 7:33am
I think euro will jump over 1.40 monday, then we could see a pullback, may hit 141 , but a correction at this point will happen soon, any thoughts
  • #303,608
  • Oct 10, 2010 7:38am Oct 10, 2010 7:38am
Does anyone trade options here? I have a strategy that can turn 15k risk into 1mill if this downturn reaches parity, and protects you to the upside, and you just need eurusd to move 5 big figures to break even in 6 months.
  • #303,609
  • Oct 10, 2010 7:40am Oct 10, 2010 7:40am
WASHINGTON — The world’s financial leaders failed on Saturday to reach agreement on how to contain an escalating currency dispute that has threatened to undermine global cooperation on economic recovery.

Despite loud calls from the United States, and more muted appeals by Europe, Japan and other countries, the annual meeting of the International Monetary Fund did not succeed in placing significant pressure on China to allow a prompt and meaningful rise in the value of its currency, the renminbi.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #303,610
  • Edited 9:03am Oct 10, 2010 7:53am | Edited 9:03am
Quoting chonchy
Gator so for what I understand in your post, and thanks for the reply, is that the s%$t is about to hit the fan in any WTF moment, the feds need the dollar low for their interest but the yurow needs to be low too, and hence the war we are in not only betwin this two but the franc and the yen as well, so in this war who loose, china? and then civil war will pay for the debt with supplies from here, makes sence to me, only thing is, what china win out of this mess? or there is nothing they can do?
i dont know if there will be a war with violence. stranger things have happened. but if everyone devalues there will be a loser. in tough economic times shit happens. history shows there is always another war. think about it. other then a insult or the occasional (Helen of troy) stolen women. why are wars started? usually one side wants what the other has and thinks they are strong enough to take it. the stronger throw a punch first. in modern times the bystanders take sides. not long ago we had imperialism where a strong country would take over a weaker one. put up a flag and claim it as their own. then they would protect their interest with a war machine. Sadam tried it in the 90ties and the world took it back. Russia did it just a couple of years ago and withdraw. Now China has commodity interest all over the world. They are the largest militarily in the world. They still are growing their military. They will protect interest in emerging countries where they get commodities.

the u.s. has "chevis"... when china gets its "chevis" they may not take it with a happy face.
those who can, do. those who cant, talk about those who can
  • #303,611
  • Oct 10, 2010 7:58am Oct 10, 2010 7:58am
Quoting The Fool
Go China Go! At last somebody has the balls to stand up to the redneck thug running dog colonialist nations - Britain and her whoreson the USA.

http://www.telegraph.co.uk/finance/c...rency-war.html

“They control not only their own currency but actually the entire global currency system,” he said.

"Writing in the Financial Times, Mr Soros added: “Whether it realizes it or not, China has emerged as a leader of the world. If it fails to live up to the responsibilities of leadership,...
yep and the fools here wrapped in a flag gave it to them..
those who can, do. those who cant, talk about those who can
  • #303,612
  • Oct 10, 2010 8:30am Oct 10, 2010 8:30am
http://www.forexcrunch.com/europe-lo...-currency-war/

China offers Europe so-called “support”, but this is a bear hug
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #303,613
  • Oct 10, 2010 8:58am Oct 10, 2010 8:58am
Quoting IRISH37
How does one use aj as an indicator re eu? Thanks in advance.
add in perceived safe haven of the yen.. aj down should mean commodities lower and money going into a safe haven, the yen.. its a a balance point. it can go either direction. on the hourly the wedge says it will brake down some st. on the weekly we have at lest one doji. its at the center of mofu.. and we got a gartly... shown earlier..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gator1 chf bowl.PNG Size: 35 KB
Click to Enlarge Name: olg chf chart 1.203.PNG Size: 18 KB
those who can, do. those who cant, talk about those who can
  • #303,614
  • Edited 9:25am Oct 10, 2010 9:11am | Edited 9:25am
Quoting DMA Trader
http://www.forexcrunch.com/europe-lo...-currency-war/

China offers Europe so-called “support”, but this is a bear hug
damn who would of thunk.. germany is competition in china's eyes.. china has a bulls eye on it. S Korea is enjoying the feast. There other emerging markets that will supply labor even cheaper then china. Watch when the Chinese people head to their castle. The path to the castle is not far. All it will take is U.S. pressure. the U.S. people are starting to apply it to politicians. When the u.s. and europe quit sucking china's (wallmart) ass it will happen.

mule that shit fast dont shit long.
those who can, do. those who cant, talk about those who can
  • #303,615
  • Oct 10, 2010 9:27am Oct 10, 2010 9:27am
Quoting DMA Trader
http://www.forexcrunch.com/europe-lo...-currency-war/

China offers Europe so-called “support”, but this is a bear hug
with a stronger € the european producers are forced to improve the quality and the technology of their products - and so their products get more competitive, while china is building low cost products...

of course in the short term, the strong € is hitting the european economy, but in the long term (10-20 yrs) the european economy should exit stronger out of this "currency war"
Pecunia non olet
  • #303,616
  • Oct 10, 2010 9:52am Oct 10, 2010 9:52am
Short term, I believe price may make another go at 1.40 and will be unsuccessful in doing so.

Daily chart shows an double hesitation bars just under 1.40 usually indicating price not having the momentum to break past 1.40 Chart - http://chart.ly/keiwqu4
  • #303,617
  • Oct 10, 2010 9:57am Oct 10, 2010 9:57am
Quoting wm-eu
with a stronger € the european producers are forced to improve the quality and the technology of their products - and so their products get more competitive, while china is building low cost products...

of course in the short term, the strong € is hitting the european economy, but in the long term (10-20 yrs) the european economy should exit stronger out of this "currency war"
I think in a recession, a crisis, low cost products beats over quality.
Look at China's surplus growing like crazy.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #303,618
  • Oct 10, 2010 9:59am Oct 10, 2010 9:59am
Quoting gatorinla
damn who would of thunk.. germany is competition in china's eyes.. china has a bulls eye on it. S Korea is enjoying the feast. There other emerging markets that will supply labor even cheaper then china. Watch when the Chinese people head to their castle. The path to the castle is not far. All it will take is U.S. pressure. the U.S. people are starting to apply it to politicians. When the u.s. and europe quit sucking china's (wallmart) ass it will happen.

mule that shit fast dont shit long.
If nothing is done. they will probably take 1'st spot.
Do you watch what the Chinese are doing in Africa. Taking over everything. Every resource there has Chinese interest all over.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #303,619
  • Oct 10, 2010 10:53am Oct 10, 2010 10:53am
Head of the Central Bank of China Zhou Xiaochuan, noted that Beijing will further gradually strengthen the yuan.
No crystal ball. I read the cards.
  • #303,620
  • Oct 10, 2010 11:36am Oct 10, 2010 11:36am
I am ready to bet that today we will have an opening with gap to the low. The reason is that during the week-end everybody agreed that the currency war should end.

A weak yuan will boost the Chinese exports but if the EU or US economies are crumbling the market for the cheap Chinese products is diminishing.
IMF was appointed as the Global currencies cop. "The IMF studies will focus on the U.S., China, the U.K., Japan and the euro area. They will show, for instance, how U.S. monetary policy affects capital flows to other countries."

For me all this is a warning signal for the longs. I think that we will see a lot of interventions in the market in the next weeks.

This is my short view on the fundamentals. On the technicals we have on the daily chart two doji bars with stochastics in the overbought zone for 19 days already. This is indecision in the wake of the finance ministries meeting. Therefore I believe that we will move to the short side.

Let's see if I am right.
If you're not part of the solution then you're part of the problem.
1,001 traders viewing now