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  • #349,101
  • Dec 20, 2010 8:51am Dec 20, 2010 8:51am
Quoting Forexpro30
Right now EUR/USD is at 1.3153 and EUR/JPY is at 110.05

The KEY now is USD/JPY at 83.67

IF and only an IF USD/JPY goes to under 83.50 then EUR/JPY will go below 110.00 and bring EUR/USD down as well.

If the Dow goes up 100 points then EUR/USD will test 1.3200

That is how it works most of the time. Knowing this gives you an edge and so it goes.

Good Trading

If anyone wants an explanation post a question.
could you please give us an explanation?
Hero calls followed by margin calls...
  • #349,102
  • Dec 20, 2010 8:54am Dec 20, 2010 8:54am
This just came out, we could see a big drop


http://www.washingtonpost.com/wp-dyn...122001666.html

LONDON -- Ratings agency Moody's on Monday downgraded four Irish banks and an insurer, including some of the liabilities guaranteed by the government - a reminder of the financial mess the country faces at it begins to draw on an international rescue loan.
Moody's Investors Service said it had lowered ratings on bank deposits, senior debt, bank financial strength and most of the junior securities of Allied Irish Banks, Bank of Ireland, EBS Building Society, Irish Life & Permanent and Irish Nationwide Building Society.
The downgrade followed Moody's announcement on Friday that it was slashing Ireland's sovereign credit rating by five notches to Baa1 - just three steps above junk-bond status.
"The banks' debt ratings are affected by the downgrade of the Irish government, as the high degree of systemic support from the government had so far largely mitigated the pressure stemming from a much weaker standalone credit profile of these banks," the rating agency said.
http://media3.washingtonpost.com/wp-...l_leftjust.gif

Banks will come under further pressure because of the government's drastic austerity package of tax hikes and spending cuts, Moody's said.
And while the agency said it welcomed the government's intention to restructure the banking system, "it leaves each of the banks, individually, in an uncertain position."
Separately, Allied Irish Bank announced that it had transferred euro9.3 billion ($12.2 billion) in loans to the National Asset Management Agency - a so-called 'bad bank' where bad loans and assets are ringfenced - at an aggregate discount of 59 percent.
At midday, shares in AIB were down 9.3 percent, Bank of Ireland was down 3.4 percent and Irish Life & Permanent was down 1 percent.
Know when to hold em, Know when to fold em!
  • #349,103
  • Dec 20, 2010 8:55am Dec 20, 2010 8:55am
Quoting snatch
nothing but hot flames waiting down below..
do not commit lol....significant low need to be tested at least...very risky

good luck
  • #349,104
  • Dec 20, 2010 8:57am Dec 20, 2010 8:57am
http://www.google.com/hostednews/ap/...393fe8018a7c71


LONDON (AP) — Moody's Investors Service has downgraded the ratings of five Irish banks, including some of the liabilities guaranteed by the government.
Moody's said Monday it had lowered ratings on the bank deposits and senior debt of Allied Irish Banks, Bank of Ireland, EBS Building Society, Irish Life & Permanent and Irish Nationwide Building Society.
The downgrade followed Moody's announcement on Friday that it was cutting Ireland's credit rating by five notches to Baa1 — just three steps above junk-bond status.
Moody's says ratings on the banks dropped because of their reliance on the Irish government's support. Ratings on debt guaranteed by the government through it Eligible Liabilities Scheme were also lowered.




so we have multiple sources
Know when to hold em, Know when to fold em!
  • #349,105
  • Dec 20, 2010 9:00am Dec 20, 2010 9:00am
So far the EU is going on here
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  • #349,106
  • Dec 20, 2010 9:01am Dec 20, 2010 9:01am
Quoting Pipwanderer
do not commit lol....significant low need to be tested at least...very risky

good luck

thanx.. no risk here; already broke even and some 15 pips on the plus side... my "good" trading orders are littered below 3215... so this is just to keep me awake, and if i get stopped out, i wont loose, and if it works its early profit until my shorts below are triggered... in my experience if you dont trade against fundamentals you are ok..

anna
  • #349,107
  • Dec 20, 2010 9:02am Dec 20, 2010 9:02am
Quoting buonvangvn
So far the EU is going on here

http://online.wsj.com/article/SB1000...296621036.html

bear flag continuation? Lets see
Know when to hold em, Know when to fold em!
  • #349,108
  • Dec 20, 2010 9:05am Dec 20, 2010 9:05am
Quoting PhAnTi'
could you please give us an explanation?
There is about Three Trillion Dollars trading each day in the forex market.

Whatever news is out there or charts show Forex is nothing else but supply and demand.

When everyone (The Pros) were selling Yen as a carry trade currency and buying other higher yield currency then USD/JPY was over 100

When the FED lowered interest rates to almost 0 then USD became the carry trade currency.

Flow between currencies is what moves things.

When sale of US Dollar takes place and Yen is purchased you have a rise in the value of the Yen. Down means it gets stronger.

Now with regard to EUR/JPY Eur is being sold as Yen is being bought therefore EUR/JPY is going down and this brings EUR/USD down.

Perhaps someone else can explain it better but that is the way it works. It took me two years of trading before I discovered that.

Right now on my FXCM UK trading platform I see as follows;

EUR/USD EUR/JPY USD/JPY USD/CAD GBP/USD USD/CHF and AUD/USD

I see the correlation ALL THE TIME.

Then the next 5 are XAU/USD SPX500 XAG/USd USOil and US30

I also watch the Yield on the 2 Year US Bonds and the 10 Year US Bonds and have CNBC next to me and a live audio news feed 24 on 24.

I hope that helps you based on your smile.
  • #349,109
  • Dec 20, 2010 9:07am Dec 20, 2010 9:07am
Quoting Forexpro30
I also watch the Yield on the 2 Year US Bonds and the 10 Year US Bonds and have CNBC next to me and a live audio news feed 24 on 24.

I hope that helps you based on your smile.
can you tel me what is the best live video on internet to watch and the url?

so far i only got bloomberg

thanks in advance
  • #349,110
  • Dec 20, 2010 9:08am Dec 20, 2010 9:08am
Quoting gatorinla
anyone got any news, on Moody downgrading France?
But from Fitch we got upgrade on improved outlook US ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #349,111
  • Dec 20, 2010 9:11am Dec 20, 2010 9:11am
Quoting fx|green
Yep, just dun get defensive. Shorts are certainly valid.

I think what turns a bunch of people away from this thread and just forums in general is how hostile people treat others if they have an opinion counter to their bias or trading position.

Have been met with considerable vitriol today. Its unpleasant. In fact I have been nothing but considerate in my dealings here.
As you should be since you are realy SHORT & SUCKING PEOPLE INTO LONGS!
  • #349,112
  • Dec 20, 2010 9:13am Dec 20, 2010 9:13am
Quoting buonvangvn
So far the EU is going on here
Just wanted to say , who ever is making money with EU current formation must
be a Genius.. The current Pattern is borderline Crazy !!!
  • #349,113
  • Dec 20, 2010 9:13am Dec 20, 2010 9:13am
I could say that I am the charts, the point being it is the money flow and the news flow that move the price action. It is as simple as that. Then we add in the losing retail traders and the trading houses also cause money flow by eating up the pips.

Forex is a business and a game. If you think you can beat the business and the game by just looking at the charts you are doomed to join the 90% to 95% of all losing FX traders.

I win over 75% of all my trades because I am a professional fundamental trader.

Good trading to all. I am just trying to be helpful. There is no ego or contest or hidden agenda here.

Look at EUR/USD at 1.3140 and EUR/JPY at 109.92 and Dow at MINUS 13

I called it BEFORE IT happened...
  • #349,114
  • Dec 20, 2010 9:13am Dec 20, 2010 9:13am
there we go, down
Hero calls followed by margin calls...
  • #349,115
  • Dec 20, 2010 9:13am Dec 20, 2010 9:13am
Quoting gatorinla
anyone got any news, on Moody downgrading France?
ForexLive.com got some news on that ...
  • #349,116
  • Dec 20, 2010 9:14am Dec 20, 2010 9:14am
sell below 3123
Hero calls followed by margin calls...
  • #349,117
  • Dec 20, 2010 9:15am Dec 20, 2010 9:15am
Quoting cloggie
3131 and he will need more then just a diaper.

Longs are fecked.

Noticed I never missed anything here, still loads of screamers dragging noobs in the wrong direction, hilarious to watch though.

So how many muppets joined the loudmouths, and how many closed perfectly good trades.
  • #349,118
  • Dec 20, 2010 9:15am Dec 20, 2010 9:15am
Quoting alexxi
can you tel me what is the best live video on internet to watch and the url?

so far i only got bloomberg

thanks in advance
Bloomberg is fine

Good Trading
  • #349,119
  • Dec 20, 2010 9:16am Dec 20, 2010 9:16am
Quoting Forexpro30
I could say that I am the charts, the point being it is the money flow and the news flow that move the price action. It is as simple as that. Then we add in the losing retail traders and the trading houses also cause money flow by eating up the pips.

Forex is a business and a game. If you think you can beat the business and the game by just looking at the charts you are doomed to join the 90% to 95% of all losing FX traders.

I win over 75% of all my trades because I am a professional fundamental trader.

Good trading to all. I am just trying...

Can I get a vouch now my friend please
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Know when to hold em, Know when to fold em!
  • #349,120
  • Dec 20, 2010 9:17am Dec 20, 2010 9:17am
Quoting cloggie
Longs are fecked

BINGO

Miza


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