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  • #327,061
  • Nov 16, 2010 3:29pm Nov 16, 2010 3:29pm
Quoting cloggie
Brussels press conference started of with their dissapointment that they could not get Ireland to accept a bailout package. The Irish are just to proud to go cap in hand to the EU/IMF.

Eu wanted a deal, Ireland refused, we will have more confusion tomorrow in the markets. No deal, no security for the euro. Now lets see how the Irish spreads are going and let's see what the big ones are going to do Spain/Portugal/France/Italy.

Anyone selling dollars is of his rocker right now, keep an eye on the EU tomorrow. Lots more meetings tomorrow in Brussels....
Hey Cloggie, if there is a gap down I should short the dollar, right?

Sorry.....I couldn't resist. I think you're spot on.....the question in my mind is just how long Ireland can hold out....
  • #327,062
  • Nov 16, 2010 3:30pm Nov 16, 2010 3:30pm
Quoting zaphy
So your general view is some senseless volatility tomorrow as meetings start and end, but no proper retrace and drop?

That just about sums it up perfectly, messy volatility and another 170-200 pip drop, unless something meaningful comes out of the EU. Keep an eye on EC and UC tomorrow coupled with es and the DOW, that should give you the general sentiment and the level of risk aversion.

OF course there will be retraces, traders cover for profits, just judge them initially as exactly that, profit taking unless bigger levels go.
  • #327,063
  • Nov 16, 2010 3:30pm Nov 16, 2010 3:30pm
Quoting Mr Hatch
in berlin people have started to kill each other for food again.
think again.
poor people never decide. more poor people and more debt means more slaves.
they will accept anything at the right time.

if German people are getting poor how are Greek or other less rich nations from EZ ?
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #327,064
  • Nov 16, 2010 3:31pm Nov 16, 2010 3:31pm
Quoting Mr Hatch
in berlin people have started to kill each other for food again.
think again.
Presumably (unless this was a joke from you) the people who do the killing are not "Vegetarians" .
  • #327,065
  • Nov 16, 2010 3:31pm Nov 16, 2010 3:31pm
Quoting sharteel
Hi,

Last week, i have posted the objective for this week.

Currently, the goal would be valid.

I think Ireland problem will rest strong. What do you think about it ?


http://www.forexfactory.com/attachme...5&d=1289559185

Take some profits and i have used the hedging for next goal.

Regards.
Attached Image (click to enlarge)
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  • #327,066
  • Nov 16, 2010 3:36pm Nov 16, 2010 3:36pm
Quoting moonchild
I cannot imagine Germany being willing to pay the bulk of the bills. In addition, most countries would be afraid of giving up their national identity, and some countries, like France, were never that thrilled with the idea of the EU anyway.

Yes, a dream, but not likely to become reality.
but why not?... isnt this the way of the USA.. how fortune was made... have everybody bankrupt and then bail em out so that they own them thru debt by rebuildin europe?.. ww2... im sure if germany bails everybody n rebuild their economy.. it wont be just an act of good faith... it will come at a price..
  • #327,067
  • Nov 16, 2010 3:37pm Nov 16, 2010 3:37pm
buddy you been reading too much of the Sun news paper
you need to begin to broaden your horizons, some political philosophy would be good for you. Or you think this Tory/Lib thing is the best government in the world

LOL

Quoting Mr Hatch
there are nearly 230 million people inside ez that don't want a single government.
  • #327,068
  • Nov 16, 2010 3:41pm Nov 16, 2010 3:41pm
Quoting infinitus
Hi Traderji,

welcome to this message board. What are your contributions so far? Eighth message and spying venom.....

Have you ever placed an analysis here? Have you ever set your opinion, analysis, trades to the public here? What is wrong with the fact to be wrong sometimes in trading business? If you do not know the answer, go back to babypips.

Can you show me a forecasting method that is totally objective or contains no human interpretation? There is no such thing. If you have one, feel free to share. There should be no subjectivity in interpreting...
good answer markus
hang on to your bread......unless you want toast
  • #327,069
  • Nov 16, 2010 3:42pm Nov 16, 2010 3:42pm
EU members don't have any choices if they want to exist in the next 100 years ... they must enforce the union with one central government. Already the emigration process had softened the nationalism.
How someone think that a country from EU will have the economic force to compete to USA, China Russia or India in the next 30 years?
In my point of view it is impossible without the EU union reinforced.
  • #327,070
  • Nov 16, 2010 3:45pm Nov 16, 2010 3:45pm
a test of .3450 seems pretty high.

the strength of this retrace is telling also.

headed south.

stan
  • #327,071
  • Nov 16, 2010 3:45pm Nov 16, 2010 3:45pm
Quoting sharteel
Take some profits and i have used the hedging for next goal.

Regards.
USDX index in strong resistence zone!! if it breaks....euro more downs!!
  • #327,072
  • Nov 16, 2010 3:46pm Nov 16, 2010 3:46pm
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  • #327,073
  • Nov 16, 2010 3:46pm Nov 16, 2010 3:46pm
I wish Irish can set an example by not giving in to "Money Changers" but I doubt they can stand for long. "Money Changers" are too powerful. They got us by the balls.
  • #327,074
  • Nov 16, 2010 3:48pm Nov 16, 2010 3:48pm
...this would imply that some form of fascist hegemony is the saviour of the people.

I do not look forward to such circumstance.

Quoting EuroTrader
EU members don't have any choices if they want to exist in the next 100 years ... they must enforce the union with one central government. Already the emigration process had softened the nationalism.
How someone think that a country from EU will have the economic force to compete to USA, China Russia or India in the next 30 years?
In my point of view it is impossible without the EU union reinforced.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #327,075
  • Nov 16, 2010 3:48pm Nov 16, 2010 3:48pm
Quoting Traderji
I don't get Elliott Wave theory. It just seems so random and subjective. Very loosely defined rules and large number of nested waves, you can make it fit any chart.

There are 3 people, who I see, post Elliott wave analysis on this thread and they are almost consistently wrong. And they also tend to spin on a dime and have a ready excuse for why their analysis failed.

I am curious if anyone on this thread actually gets consistent correct signals from Elliott wave?
use it.

i think it's bunk also but my opinion would be pure observation and ignorant since i've never read one article on the topic.

stan
  • #327,076
  • Nov 16, 2010 3:48pm Nov 16, 2010 3:48pm
Quoting Traderji
I don't get Elliott Wave theory. It just seems so random and subjective. Very loosely defined rules and large number of nested waves, you can make it fit any chart.

There are 3 people, who I see, post Elliott wave analysis on this thread and they are almost consistently wrong. And they also tend to spin on a dime and have a ready excuse for why their analysis failed.

I am curious if anyone on this thread actually gets consistent correct signals from Elliott wave?

Hi Traderji,

I wouldn't use this thread and its members TA for putting a baseline if something works or not, in fact this is a very good question so let me answer

All the indicators and all the price action patterns does work, but not all the time.
This is where it gets hard, knowing when not to trade. It is exactly that part that turns trading into a job, you need a plan. Unfortunately back testing Elliot wave is very hard as your feelings and the way you look at things changes from day to day.

Did you know that in Europe more than 30% of the trading activity comes from computers? What does that tell you?

1.You need to diversify
2. You need a plan
3. You need previous results written down and shown profitable before putting money on stake
4. You need patience
5. You need to be able to walk away when things go bad
6. You can't hope for your best
7. You can't guess tops and bottoms
8. You need money management
9. Don't hold on to a looser
10. You have to check all the news
11. You have to understand the spread and how it affects your equity
12. You need to put alot of hours in to make this work
13. Even if you put the hours in it still might not work
14. If it doesn't work don't give up unless you have no idea why it didn't work
15. your mistakes are there for teaching you a lesson
16. You don't start out with a large account
17. You do start out with small positions
18. Don't demo trade it has no effect on your emotions
19. If you fail in forex try stocks
20. drink water
21. go to the gym and eat healthy
22. trade only money you don't need
23. Be humble
24. Read market wizards
25. read alexander elder trading for a living
26. Don't trust everything you read
27. Only by walking your own way will you be able to make a profit
28. yes you can guinea pig a profitable trader in the start
29. good luck

Hope this helps...
  • #327,077
  • Nov 16, 2010 3:51pm Nov 16, 2010 3:51pm
Quoting Gld
good answer markus
Hi GLD,

thank you :-)

I am wondering: everytime an Elliott Wave Analyst goes into public he is in danger to get crucified or overwhelmed with polemic.

Have a nice evening,

Markus
  • #327,078
  • Nov 16, 2010 3:53pm Nov 16, 2010 3:53pm
Quoting PriceVolume
Well. I'm busy doing the happy dance. Maybe news will give us some pump-up bliss.....so bears can short the crap out of it from above. Here Bully, Bully, Bully. Bully? Seriously though...we're entering the bounce or crash zone. Don't let bias make you miss what price is telling you. We'll have our answer as to whether we have reversed or merely pulled back in the bullish trend. This pair should crash.....doesn't mean that it will. I'm short and will remain so until price tells me otherwise.
not common sense... this is the wrong thread.

where's the bottom and why aren't you buying?
  • #327,079
  • Nov 16, 2010 3:55pm Nov 16, 2010 3:55pm
Quoting cloggie
Brussels press conference started of with their dissapointment that they could not get Ireland to accept a bailout package. The Irish are just to proud to go cap in hand to the EU/IMF.

Eu wanted a deal, Ireland refused, we will have more confusion tomorrow in the markets. No deal, no security for the euro. Now lets see how the Irish spreads are going and let's see what the big ones are going to do Spain/Portugal/France/Italy.

Anyone selling dollars is of his rocker right now, keep an eye on the EU tomorrow. Lots more meetings tomorrow in Brussels....
totally agree.

stan
  • #327,080
  • Nov 16, 2010 3:56pm Nov 16, 2010 3:56pm
Quoting Mr Hatch
in berlin people have started to kill each other for food again.
think again.
Wo? Was? Suppenküche? Oder etwa das ominöse 'Kannibalen Restaurant' ... welches dann doch nicht eröffnet wurde?
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