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  • #322,841
  • Nov 10, 2010 1:07am Nov 10, 2010 1:07am
still looks like a rounded bottom on m15 to me, I'm inclined to long intraday...
  • #322,842
  • Nov 10, 2010 1:08am Nov 10, 2010 1:08am
Agree is not sustainable in the long run if they don't make some serious adjustments.

However, to be honest with you IMO, and from a strictly economic policy perspective, I think the US is overextended with the stimulus.

I don't believe in one unique orthodox approach to economic policy but rather a balance act. In that sense I thing Europe in general has been a lot more coherent in their economic policies in the last year and half: stimulus when it was unavoidable but austerity before is too late (except obviously Greece which is usually a mess [in macroeconomic terms]with or without the Euro).

The UK also with aggressive stimulus/printing money is also making some important fiscal adjustments that will guarantee a "healthier" recovery in the long run.

The question is until when or if the US economy can keep playing with fire without paying any cost. Time will tell. Hopefully, for the health of the world economy this wont ever happen or at least I hope they can correct the problems before is too late.

sisse

Quoting DMA Trader
well they are sort of trapped longer term
1. since country's like Portugal or Greece don't really export much so currency doesn't even help them.
2 banks don't look good on the charts. so BB know what he is doing. but Trichet is always more concerned by inflation rather then growth.
3. Germany and France can't really be the only engines. it's not sustanable.
something needs to change. so a high EUR really hitting the single thing that works.

back to the game. austerity rather than spending stimulus.
what will work ?
Pending conversations? PM for a chat...I am mainly in OTM now
  • #322,843
  • Nov 10, 2010 1:08am Nov 10, 2010 1:08am
Quoting infinitus
Good morning Mr. Hatch,

everything OK? What to do? Long or short? I am a little bit out of sync :-)

We might be in a wave 4 of 5 of 1. But there is a case, that we have ended the move down and are now up in a wave 2, or in the alternative scenario, up to new highs.

I am inclined to go with the first scenario here.

What does your system tels you?

Best to you,

Markus
hi markus,

the buying is confusing, but the main direction is down for now. i'm shorting smaller positions, until we have crossed 3740. i don't play any long now. leave out your counting for a moment and closely look at yesterday's movement from asian session to the end of ny

draw a fib from 39531 to 37352 and look where the 50% lies.
  • #322,844
  • Nov 10, 2010 1:09am Nov 10, 2010 1:09am
I'm with ya F/A. Looking for long entries for the time being...
Look Sharp/Trade Tight
  • #322,845
  • Nov 10, 2010 1:11am Nov 10, 2010 1:11am
http://www.xe.com/news/2010/11/10/1514101.htm?c=1&t=102

G20 statement won't comment on individual fx-India official

http://www.xe.com/news/2010/11/10/1513941.htm?c=1&t=102
  • #322,846
  • Nov 10, 2010 1:13am Nov 10, 2010 1:13am
hey Tarantulla,

can you please give me mail or something like icq or skype ? If it is possible ofc...I would be happy if you send me that indicator for mt4..blai5 thanks

John
  • #322,847
  • Nov 10, 2010 1:13am Nov 10, 2010 1:13am
any one see this going up 3860 possible 3920

target down move is achieved to my taste.
I SEE YOU !!
  • #322,848
  • Nov 10, 2010 1:13am Nov 10, 2010 1:13am
Quoting PayTheLimit
I'm with ya F/A. Looking for long entries for the time being...
need a good level, also just to be contrarian, if we get a new swing high in the 82x region, then it would show gaping between that and the previous swing low, which would be extremely bearish, and I would then expect to see this market get smashed, we will see how it pans out, but as I said intraday still long bias...
  • #322,849
  • Nov 10, 2010 1:13am Nov 10, 2010 1:13am
good morning guys,

Is this bounce a continuation of the upward trend or just some correction on the way down.
forex is heaven and hell rolled up in one
  • #322,850
  • Nov 10, 2010 1:14am Nov 10, 2010 1:14am
Go up already
  • #322,851
  • Nov 10, 2010 1:15am Nov 10, 2010 1:15am
Quoting T@rantula
The chart speaks for itself.

3818 sold.

Attachment
Sometimes these statement do make me laugh .
That red line told you that 1.3818 was going to get sold ?

I might be relatively new but come on thats a bit much .

"its all in the charts ", To a point i agree .

But I certainly dont believe you were waiting for a bounce off that line.

I may be wrong but It really seems far fetch and after the fact.
making green pips large and red pips small this is my goal.
  • #322,852
  • Nov 10, 2010 1:16am Nov 10, 2010 1:16am
Though how long...........
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  • #322,853
  • Nov 10, 2010 1:16am Nov 10, 2010 1:16am
Quoting sisse
Agree is not sustainable in the long run if they don't make some serious adjustments.

However, to be honest with you IMO, and from a strictly economic policy perspective, I think the US is overextended with the stimulus.

I don't believe in one unique orthodox approach to economic policy but rather a balance act. In that sense I thing Europe in general has been a lot more coherent in their economic policies in the last year and half: stimulus when it was unavoidable but austerity before is too late (except obviously Greece which is usually...
We are in the same page.
my only doubt is why QE. i don't buy into unemployment and jobs. Q.E1 didn't go that way. TARP didn't go that way.

So why QE. buying bad assets again ? why

Here is the chart. KBE- Banking Index
weekly. it had a very good week on QE news -600B
http://elite.finviz.com/publish/111010/KBEc0wl0359.png

What are banks hiding again ? Is that why we need QE 2 ?
We'll see. this chart is very important. Europe same story Deutsche bank can't get any rally. So money for banks again ?

I do agree with the spending vs austerity.

but I think the QE 2 is not about jobs. time will tell. same thing happen in 2007. banks were making new lows while Stock index surged.
just an idea. anyway too much fundies. let's get back to charts
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #322,854
  • Nov 10, 2010 1:17am Nov 10, 2010 1:17am
Quoting harryodal
good morning guys,

Is this bounce a continuation of the upward trend or just some correction on the way down.
i'd say the second, take a loook at daily, when PA crosses 3740 it's gonna be a freefall : P
Hero calls followed by margin calls...
  • #322,855
  • Nov 10, 2010 1:18am Nov 10, 2010 1:18am
possible
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I SEE YOU !!
  • #322,856
  • Nov 10, 2010 1:18am Nov 10, 2010 1:18am
Quoting FibbinArchie
need a good level, also just to be contrarian, if we get a new swing high in the 82x region, then it would show gaping between that and the previous swing low, which would be extremely bearish, and I would then expect to see this market get smashed, we will see how it pans out, but as I said intraday still long bias...
hmm, well not significant gaping, but if it does not infringe the range of the previous up swing, as good as...
  • #322,857
  • Nov 10, 2010 1:19am Nov 10, 2010 1:19am
Quoting PhAnTi'
i'd say the second, take a loook at daily, when PA crosses 3740 it's gonna be a freefall : P
i don't know exactly about the freefall part, but 3740 is exactly what has a big red circle on my agenda.
  • #322,858
  • Nov 10, 2010 1:19am Nov 10, 2010 1:19am
Quoting paul1
Sometimes these statement do make me laugh .
That red line told you that 1.3818 was going to get sold ?

I might be relatively new but come on thats a bit much .

"its all in the charts ", To a point i agree .

But I certainly dont believe you were waiting for a bounce off that line.

I may be wrong but It really seems far fetch and after the fact.
From the chart thats posted your trendline is drawn from candle body on one candle to top pin on the next one , its either pin top to pin top
Or top of bodies you cant pick and choose to prove a point .
making green pips large and red pips small this is my goal.
  • #322,859
  • Nov 10, 2010 1:20am Nov 10, 2010 1:20am
UCHF ......
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  • #322,860
  • Nov 10, 2010 1:20am Nov 10, 2010 1:20am
Quoting paul1
Sometimes these statement do make me laugh .
That red line told you that 1.3818 was going to get sold ?

I might be relatively new but come on thats a bit much .

"its all in the charts ", To a point i agree .

But I certainly dont believe you were waiting for a bounce off that line.

I may be wrong but It really seems far fetch and after the fact.

While I have made 25 pips u are flaming. I am not ur teacher.

And because of ur attitude, I WILL never answer any of your questions. U should learn some respect first.
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