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  • #405,441
  • Mar 11, 2011 2:34pm Mar 11, 2011 2:34pm
though I expected a touch of 3733ish, the secondary uptrend worked out today, and eventually will a couple of days more. this will be propped up to the limits, before any realism catches up.

have a nice weekend.
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  • #405,442
  • Mar 11, 2011 2:36pm Mar 11, 2011 2:36pm
Quoting myfxjournals
Are you saying EURO will drop then?

Eur is fecked
usd is fecked
jpy is NOW fecked

welcome to the feckin' gay club.

And now RMB is pushing insistently.
there's talk they want to make their own stock exchange
cause they're not welcome in the club
  • #405,443
  • Edited 2:42pm Mar 11, 2011 2:39pm | Edited 2:42pm
Quoting cloggie
The euro is fecked. They will keep trying to manipulate the sh!t out of it, but the yields speak for themselves and nobody in the EU can stop that, a vehicle to do so has not been invented yet.

The only hope for the Euro is default and restructure, euro countries just need to give up on the PIGS, trying to save them is futile. They made the mess themselves, let them stew. If some tough measures are not made this year it will be the end of the euro and parity is the last thing to worry about.

[color=Red]The only thing that can...
I've been saying this for over a year, but no one wants to listen to a hermit living in a bunker on the side of a mountain in the middle on nowhere

Go back to the Drachma? That's crazy they tell me, I tell them, perhaps, but think of all the jobs the lower exchange rate could create, think of the 100's of billions in usury a population of 10 million could save themselves from. Then they tell me that inflation will drown us if we do that, then I say but it's doing it anyway right now, every day, at least we can avoid the 100s of billions in eventual usury. Then the conversation usually changes topic.

Given the exchange rate... the euro needs to drop how many thousands of pips to be as ugly as her sister? The dollar has been slowly strangling itself since 1913. In fact, what dollar, it's a Federal Reserve Note. U.S. seriously seriously, seriously needs to get the FRB leach of it's back and become a sovereign nation again.
  • #405,444
  • Mar 11, 2011 2:40pm Mar 11, 2011 2:40pm
Quoting prezd
Have fun at ski, bring back nice pics

Officialy things are all shiny here, they boast about 1% economical growth, but people are poorer by day, wages are decreasing while prices are increasing. Petrol increased ~20% lately, and all prices are slowly going up.
not looking very good atm....
Hi Prezd,

sad to hear that. I fear, that these circumstances will get worse over the next 4 years or so.

So I wish you very much luck with forex trading my friend.

Catch ya later,

Markus
  • #405,445
  • Mar 11, 2011 2:43pm Mar 11, 2011 2:43pm
Thanks for the insight. Only reason I stick to my technicals is because I understand it more than I do news. For instance, last 2 weeks, I tried to trade the FF news releases on orange and red news, and I swear everytime the news came out positive for US, I would go long and get slammed up against a wall and price would go against it. Then next week, I figured, ok, this can't last forever, eventually the fundamentals will catch up with the intrinsic value and same thing, new positive for dollar, euro climbs, news negative for dollar, dollar stays stagnant. I was thinking what the hellboy is going on here?!!!

In any case......if I could figure out the news...I think I'd have half my problems licked in the forex.....there's always that grey area I come up short in....still learning. But greatly improving I don't crash my accounts anymore....yahoo!

Quoting cloggie
I am a fundie/news/price trader. Fundamentally the euro is done. That does not mean there are going to be no long opportunities, you need to look at both sides of the pair, each half can either go up, down or range, that is 6 conditions you need to evealuate to trade a pair. That's why 99.99% here just can't be bothered with the fundies.

I love them, today was a great example how a fundie trader can make a killing, he knows when all is aligned in the same direction and go in heavy.

Unless the US fails, the euro (fundamentally) is heading towards...
  • #405,446
  • Mar 11, 2011 2:46pm Mar 11, 2011 2:46pm
Quoting cloggie
Germany is taking care of itself, parity here we come:

http://news.bbc.co.uk/1/hi/business/10257902.stm
{above quote dated : Jun 7, 2010 12:12pm ... see image}

Yeah, I know what you mean ... muppets

those muppets ... always making extreme calls
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  • #405,447
  • Mar 11, 2011 2:47pm Mar 11, 2011 2:47pm
Be prepared to get called names by a few wackos on FF that think the Euro is better off than the Dollar.
Quoting cloggie
The euro is fecked. They will keep trying to manipulate the sh!t out of it, but the yields speak for themselves and nobody in the EU can stop that, a vehicle to do so has not been invented yet.

The only hope for the Euro is default and restructure, euro countries just need to give up on the PIGS, trying to save them is futile. They made the mess themselves, let them stew. If some tough measures are not made this year it will be the end of the euro and parity is the last thing to worry about.

The only thing that can save the pair is the US...
  • #405,448
  • Mar 11, 2011 2:53pm Mar 11, 2011 2:53pm
Quoting mercy seat
Nein ... hehe ... ohne das Erdbeben wär das jetzt gar nicht passiert ...

Natürlich ... was für ein Stuss!

Of course ... we had our calculations ... as it has been worked out since last rollover ...

Therefore ... we are not soooo surprised by that move ...

Im Gegenteil ... we are not waiting and hoping for a miracle ...



;-|

Well ... in case you have a look on higher TFs from time to time ... DAILY - WEEKLY - MONTHLY - QUARTERLY - and all with Pivot Points as well ...

Having the Elliott Projection of those higher TFs in mind ... would be helpful as well ... dann erübrigen sich all solche Fragen und Wünsche ... wie ich sie hier immer wieder mal lese ...

But ... so what ... will auch meinen Spaß haben ... also tappert weiter so herum ... schon ok ...



;-|
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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #405,449
  • Mar 11, 2011 2:59pm Mar 11, 2011 2:59pm
Anyway ...

Have a nice week-end ...



;-|


Inserted Video



Ein wahres Talent ... ist selten ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #405,450
  • Mar 11, 2011 3:05pm Mar 11, 2011 3:05pm
Now what was those "funnamentals" that the Euro rallied upon today? No clue friends, but wasnt it just yesterday that there was some terrible EU debt problem that the experts said was the reason for EU falling off the cliff and today?.....What a miracle guys, everything changed within 24 hours....no EU debt problems that are important....hallelujah. Dont know how much intelligence one needs to figure that one out.
  • #405,451
  • Mar 11, 2011 3:11pm Mar 11, 2011 3:11pm
Quoting Fudomyo
really don't see what's so fucking funny.

we got hit by a massive quake today. it's ok where my house is atm, shook up badly but still standing. but the tsunami wiped out a big section of the Chiba coastline where some of my friends and family live. we still can't get word and phones and electricity are down in most of the north. some parts of the city on fire with buildings collapsed.

is very very bad situation here.
I am greatful you are alive. I am praying for your family and loved ones.
  • #405,452
  • Mar 11, 2011 3:11pm Mar 11, 2011 3:11pm
Quoting fldash
I'm trying to understand how you see these levels, I'm failing... I guess fundies and news over-ride and technical levels right? This certainly seems over-extended to me on a technical side, no fibo retracement to even 30% happened...

I've majorly failed today... back to work (reading, studying)

Edit: I'm not sure, long stopped out, but didn't take a long because of the lack of retracement... though there was consolidation just under 3885


If such a thing like today happens (techs and fundies in one direction) you have literaly two choices when you did not get an "safe" entry:

a) sideline

b) jump in in the direction of the trend, but reduced exposure, SL at BE as soon as possible. Try to spot places where you will likely get a mini consolidation and try it there

Do not countertrend trade, unless you are very good in scalping.
  • #405,453
  • Mar 11, 2011 3:15pm Mar 11, 2011 3:15pm
Quoting Texas.Rich
{above quote dated : Jun 7, 2010 12:12pm ... see image}

Yeah, I know what you mean ... muppets

those muppets ... always making extreme calls

You just proved with your post how absolutely clueless you really are. When was the end of QE? Let me see, right after I made that post, what you think happened to the dollar after that one.

Don't just be a muppet, always look at the second half of the pair.

Not really clever now is it taking a post of mine out of context, the only thing you achieved is show all here how little you know.

Keep providing the entertainment kiddo, that's the only reason I am here. The more you try to attack me, the sillier you just look yourself.

Ah well, just got out of the shower and am on my way.

Sorry that I am going to miss your next futile attempt at entertainment, I am sure I will see more of your stupidity here shortly. There is always next week.

I really need to have a word with your mum to feed you less sugar.
  • #405,454
  • Mar 11, 2011 3:18pm Mar 11, 2011 3:18pm
Quoting mercy seat
Guten Morgen!

;-|

Quoting samdani786
Lets see

Nothing worth having is easy.
  • #405,455
  • Mar 11, 2011 3:19pm Mar 11, 2011 3:19pm
Quoting SirMcPip
Now what was those "funnamentals" that the Euro rallied upon today? No clue friends, but wasnt it just yesterday that there was some terrible EU debt problem that the experts said was the reason for EU falling off the cliff and today?.....What a miracle guys, everything changed within 24 hours....no EU debt problems that are important....hallelujah. Dont know how much intelligence one needs to figure that one out.
Possibly that in the background, the USD has lost it's reputation as a safe haven currency. Possibly the more s**t hit's the fan, the more the chaos will be used as an opportunity to unload tanker loads of rapidly depreciating dollars.
  • #405,456
  • Mar 11, 2011 3:20pm Mar 11, 2011 3:20pm
Quoting cloggie
Right now keep an eye on 85, if that goes 3915 next,
Perfect, all to plan.


Am off, going to spend some of that money I made this week.
  • #405,457
  • Mar 11, 2011 3:21pm Mar 11, 2011 3:21pm
Quoting samdani786
Hello, samandi786! and all FF guys!
I raly like your charts samandi, bat have a disappoiytment with your chart the lovest point. I was sure it shold be 1,3740x and in your chars its seems so. May MT4 shows 1,3751. Is that a sign to another one DN?
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  • #405,458
  • Mar 11, 2011 3:23pm Mar 11, 2011 3:23pm
its friday, time for some tunes..here's a classic for you kids out there...

Inserted Video
Look Sharp/Trade Tight
  • #405,459
  • Mar 11, 2011 3:28pm Mar 11, 2011 3:28pm
Sometimes it makes you wonder how much the economists reporting this crap actually know about the economy...that's probably why news trading is so hosed....you got the wrong clowns analyzing it!

Quoting SirMcPip
Now what was those "funnamentals" that the Euro rallied upon today? No clue friends, but wasnt it just yesterday that there was some terrible EU debt problem that the experts said was the reason for EU falling off the cliff and today?.....What a miracle guys, everything changed within 24 hours....no EU debt problems that are important....hallelujah. Dont know how much intelligence one needs to figure that one out.
  • #405,460
  • Mar 11, 2011 3:32pm Mar 11, 2011 3:32pm
Target may be downsloping trendline (1.52x - 1.42x) at 1.3936 for retest
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