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  • #346,701
  • Dec 15, 2010 9:34pm Dec 15, 2010 9:34pm
Quoting Texaspips
I guess to sum-up what I am saying, i am not saying a 'pro-U.S.' or 'pro-Europe' comment, I am saying that we are in the early stages of a global revolution for the way things are done.

In life, nature, etc, everything has a cycle, I think that the worlds cycle will even it self out a little bit more. I just see more parity between the cost of goods between countries.

when it comes to export or import, a few months can change how much you pay from 1% to 40%, this I think, inevitably, will change to smooth out a little bit more.

U.S....
Texas, I spent a great deal of time in about 40+ countries, find nothing compared to the West, both in terms of their pluses and minuses. I don't want to go into the details but believe me exporting to those countries is not that easy.................. unless it's Big Mac or F16. For Big Macs you need strong economies but at the same time you need weak ecomomies to export F16s or M15s.
The Thief of Wall Street
  • #346,702
  • Dec 15, 2010 9:41pm Dec 15, 2010 9:41pm
Quoting akhtergroup
1.3230 ahead.. good luck
...based on?
Trends, breakouts, price action.
  • #346,703
  • Dec 15, 2010 9:50pm Dec 15, 2010 9:50pm
Quoting Chicky
Texas, I spent a great deal of time in about 40+ countries, find nothing compared to the West, both in terms of their pluses and minuses. I don't want to go into the details but believe me exporting to those countries is not that easy.................. unless it's Big Mac or F16. For Big Macs you need strong economies but at the same time you need weak ecomomies to export F16s or M15s.
But you shouldn't assume {if you are assuming} that others haven't traveled/worked abroad either.

I have been to Asia, Australia, parts of middle east {UAE & Qatar} and other places such as Europe.

I think the worst area for workers as far as the 'least' amount of hope is the middle east. Those workers come from Iran, Iraq, Pakistan, etc. and work for a few bucks a day. Their schedule is to work everyday, and then take about 3-4 weeks off a year to go home. Average income in China is $3,500 A year I think ... which is at least stable {with morals aside} when compared to other various places in the world.

This is nothing more then a debate and neither one of us will be right or wrong, we are two different people with 2 different experiences on/in life.

I made my point, you made yours, lets drop it and make some pips.

Seems like there might be some violent & over-exaggerated moves for the remainder of the month and I plan on banking off of it, or at least going down fighting.

edit/ it's all about the cheapest source ...

http://www.seriouseats.com/2009/09/m...inability.html
In a world of Bulls & Bears ... I'm a Motha Fkn T-Rex
  • #346,704
  • Dec 15, 2010 9:51pm Dec 15, 2010 9:51pm
It may go upto 3150 but 3188 is also a good point for a bounce.



Please don't count on my analysis, I am drunk and food is waiting. Good Luck.
The Thief of Wall Street
  • #346,705
  • Dec 15, 2010 9:54pm Dec 15, 2010 9:54pm
all outsourcing does/did is make your children have competition for commodities. so a few us today could make a few bucks. increase unemployment and increase the amount paid through taxes in social cost. there's no free lunch .. all savings have a future cost. the true cost is ignored today to be paid be future generations. you don't remain strong by helping your competition. the u.s. is a business. as well as china. the difference is china don't hide it behind the bs. they have a clear goal to eliminate competition by putting them out of business.
those who can, do. those who cant, talk about those who can
  • #346,706
  • Dec 15, 2010 9:56pm Dec 15, 2010 9:56pm
Quoting gatorinla
if and only if 3236 is crossed. upper pink box.
if have set a pending sell order at 3270 thinking about the morning trades in early frankie and london session. dpp+wpp are there, but for now, asia is still loitering right above that magic 3202, not touching it... a rejection 3270 should bring us down here, and i hope bulls are feasting ducks and geese already.
  • #346,707
  • Dec 15, 2010 10:05pm Dec 15, 2010 10:05pm
Quoting gatorinla
all outsourcing does/did is make your children have competition for commodities. so a few us today could make a few bucks. increase unemployment and increase the amount paid through taxes in social cost. there's no free lunch .. all savings have a future cost....
yes, but the only thing that I can't really agree with is that 'China' will be 'It'.

Couple reasons,

first ... power & people. You have to maintain electrical power & food for 1.3 billion people. Without Europe, Coal from Aussie, & Russia, they don't have near the capabilities to grow ... so they are dependent.

2cd, people don't realize it, but when a bank or entity lends money, the borrower is in charge.

The Lender is at the Mercy of the Borrower, in this instance, China is at the Mercy of the U.S. & Europe ... just like banks are invested into Donald Trump & he is to big to fail so they can't bail on his debt ... same concept here ... IMO.

& I don't look at the U.S. as a business, same concept, but it isn't a business as much as it is a center for Business. & with this new global revolution, nationalism is going away. Any business {aside from small business that has national pride} will jump ship in a 2cd to switch continents to grow more. That is what outsourcing is.

It comes down to who harbors the best settings for business.

Long term, I think Africa after all this political BS is going to strive way up there, if they can get a hold of the completely chaotic situation.

Or maybe even a union between Mexico, Latin America, U.S. & Canada.
In a world of Bulls & Bears ... I'm a Motha Fkn T-Rex
  • #346,708
  • Dec 15, 2010 10:07pm Dec 15, 2010 10:07pm
Time to visit 1,2980....lets accelerate the move for the end of the week.

Once 1,3160-80 demand zone gives away it should sweet and fast.
COT: The precious data ignored
  • #346,709
  • Dec 15, 2010 10:09pm Dec 15, 2010 10:09pm
Quoting Mr Hatch
if have set a pending sell order at 3270 thinking about the morning trades in early frankie and london session. dpp+wpp are there, but for now, asia is still loitering right above that magic 3202, not touching it... a rejection 3270 should bring us down here, and i hope bulls are feasting ducks and geese already.
Anyone else see what I'm seeing? Looking to short somewhere below that green line to about 1.300....or is this mainly a scalping EU forum :S (kinda new here n i see a lotta folks talking about areas near the current price)

4HR EU chart
Attached Image (click to enlarge)
Click to Enlarge Name: eur41512.jpg Size: 87 KB
Trends, breakouts, price action.
  • #346,710
  • Dec 15, 2010 10:10pm Dec 15, 2010 10:10pm
Quoting Mr Hatch
if have set a pending sell order at 3270 thinking about the morning trades in early frankie and london session. dpp+wpp are there, but for now, asia is still loitering right above that magic 3202, not touching it... a rejection 3270 should bring us down here, and i hope bulls are feasting ducks and geese already.
i just need 8 pips to hit the big money alg below.. atm at 3201.8
those who can, do. those who cant, talk about those who can
  • #346,711
  • Dec 15, 2010 10:20pm Dec 15, 2010 10:20pm
Quoting gatorinla
i just need 8 pips to hit the big money alg below.. atm at 3201.8
“One of the most helpful things that anybody can learn is to give up
trying to catch the last eighth or the first. These two are the most expensive eighths in
the world. They have cost stock traders, in the aggregate, enough millions of dollars to
build a concrete highway across the continent”

……… a QUOTE from ROASO by Jesse Livermore

The Thief of Wall Street
  • #346,712
  • Dec 15, 2010 10:24pm Dec 15, 2010 10:24pm
Quoting aizazk
Anyone else see what I'm seeing? Looking to short somewhere below that green line to about 1.300....or is this mainly a scalping EU forum :S (kinda new here n i see a lotta folks talking about areas near the current price)

4HR EU chart
Attachment
i see the same thing... but support is there to be broken. the same is true for resistance.
the early morning trades usually contain trades in both directions, and it is really rare to see frankie immediately selling the euro.
  • #346,713
  • Dec 15, 2010 10:24pm Dec 15, 2010 10:24pm
Quoting aizazk
Anyone else see what I'm seeing? Looking to short somewhere below that green line to about 1.300....or is this mainly a scalping EU forum :S (kinda new here n i see a lotta folks talking about areas near the current price)

4HR EU chart
Attachment
You will find some of everything here, but mostly scalpers and day traders. There are some longer term folks but they tend to post less often.

I am looking for a short also but below 1.3200 since it is difficult to get past that point, not too unusual for a round number. So looking for a short entry below that and to hold for the rest of the month.
  • #346,714
  • Dec 15, 2010 10:24pm Dec 15, 2010 10:24pm
Quoting Texaspips
yes, but the only thing that I can't really agree with is that 'China' will be 'It'.

Couple reasons,

first ... power & people....
lack of water and importing most commodities will be a great hurdle in the long run.
when india get its act together it will be tuff. they have commodities and recently discovered oil.. ozz and canada Brazil will be kick ass. there's cheaper labor in Vietnam, Indonesia,, if you dodge the missiles s. Korea could be bigger on the stage then japan. cut corruption in Russia and its bad azz ... but sooner or later a war will start and the earth will cleanse itself.
those who can, do. those who cant, talk about those who can
  • #346,715
  • Dec 15, 2010 10:28pm Dec 15, 2010 10:28pm
Quoting Mr Hatch
i see the same thing... but support is there to be broken. the same is true for resistance.
the early morning trades usually contain trades in both directions, and it is really rare to see frankie immediately selling the euro.
Right, it looks like a breakdown for sure, like I said, just waiting for some PA to play out. Nice to have confirmations
Trends, breakouts, price action.
  • #346,716
  • Dec 15, 2010 10:30pm Dec 15, 2010 10:30pm
Quoting Chicky
“One of the most helpful things that anybody can learn is to give up
trying to catch the last eighth or the first. These two are the most expensive eighths in
the world. They have cost stock traders, in the aggregate, enough millions of dollars to
build a concrete highway across the continent”

[font=Times New Roman][color=black]………...
it wont be the last.. it will be the beginning of the yellow brick road. when i say big money.. its others money.. not mine.. black box money
those who can, do. those who cant, talk about those who can
  • #346,717
  • Dec 15, 2010 10:30pm Dec 15, 2010 10:30pm
Quoting moonchild
You will find some of everything here, but mostly scalpers and day traders. There are some longer term folks but they tend to post less often.

I am looking for a short also but below 1.3200 since it is difficult to get past that point, not too unusual for a round number. So looking for a short entry below that and to hold for the rest of the month.
Thanks for the response on that part of my response Yeah, round numbers are great support/resistance - they make for good plays once they're broken. I'm looking to trade it down to 1.30 and then decide on more trades at that point (since it can obviously act as support).
Trends, breakouts, price action.
  • #346,718
  • Dec 15, 2010 10:37pm Dec 15, 2010 10:37pm
Time for pop, every one beting going down, but I think it will go up to 3250, then break low to 3200 or more.
  • #346,719
  • Dec 15, 2010 10:38pm Dec 15, 2010 10:38pm
Is Asia dead or so? I need some more pips before the end of the year.
About 500 is enough for my goal!
New voice message: Why are you calling me? If I need you, I'll call you!
  • #346,720
  • Dec 15, 2010 10:40pm Dec 15, 2010 10:40pm
Quoting Mr Hatch
i see the same thing... but support is there to be broken. the same is true for resistance.
the early morning trades usually contain trades in both directions, and it is really rare to see frankie immediately selling the euro.
i got 3181 as a st pa target. but i do hope 3189 gets some respect.
those who can, do. those who cant, talk about those who can
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