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  • #417,001
  • Apr 1, 2011 12:06pm Apr 1, 2011 12:06pm
Quoting TradeBugger
Downtrennnnnnnnnnnnnnd now!! What do you think
better dun enter shorts. Trust me..
  • #417,002
  • Apr 1, 2011 12:07pm Apr 1, 2011 12:07pm
Quoting TradeBugger
Downtrennnnnnnnnnnnnnd now!! What do you think
Not yet. Algos are going to march this as far North as possible. Wait for a turn.
  • #417,003
  • Apr 1, 2011 12:08pm Apr 1, 2011 12:08pm
  •  gdaym8
  • | Joined Jan 2011 | Status: You Never go broke making a profit | 71 Posts
Quoting BoredToLoose
The world was flooded with easy money, rating agencies given triple AAA to companies that started the crisis and now they continue smiling and doing its job.
Portugal had A in 2009 and now is junk! I do not know if I should cry or smile!

This is the world we living.....
Are this what really people wants?

I am Positive if Portugal got a DDD the Euro would go higher !!!
Always remember "Logic" has NO place in the Forex markets
  • #417,004
  • Apr 1, 2011 12:09pm Apr 1, 2011 12:09pm
Quoting paul1
Attachment

you dont see such a bullish pattern on 4hr chart very often.

4hr pin bar .
start 4150 end 4150.
It reached close to the 50% fib level before reversing .4050
The next bar moved up to break 4200 .

If you saw this on 5 minute chart might be worth 50 pips .
Whats it worth on 4hr chart.?

I thought at one point it may trigger the stops through 4230/50/80 .
But the job numbers were too good ,sending it down too far.
if the job numbers had been = to the expected .we would be over 4300 now

But currently it is just moving in the direction of the main trend which is up.

Well...some big players do want to see euro up high....push it as high as possible. Then sell down.

How high? Above 1.5 me thinks...maybe 1.53

Soros or someone wants the rest to believe euro is in trouble, so they keep on selling the rallies and got burnt alive.

Think about it.
  • #417,005
  • Apr 1, 2011 12:10pm Apr 1, 2011 12:10pm
However Dudley poured cold water on the debate a short while ago "QE2 has proven to be a good policy, no reason to pull back from that yet"; Would be surprised if we didn't finish full QE2". This was also a catalyst for the Euro's reversal

one guy is catalyst for the move north... and he's not even that important. he's being trumped by everyone. forget all the eurozone problems... listen to Dudley. Forget the job numbers. forget the downgrades. forget ireland. it's Dudley we should listen to.
  • #417,006
  • Apr 1, 2011 12:10pm Apr 1, 2011 12:10pm
http://www.telegraph.co.uk/finance/c...ond-reach.html

Interesting read. The German people have voted unanimously - a sign that voters in the euro zone’s largest economy are becoming increasingly fed up with fronting the bill for bailouts in the bloc’s periphery and could limit Merkel’s willingness to pay for future aid to struggling nations like Portugal.

Slowly the news is stacking up against the Euro... It will be a matter of time!

Have a great weekend all!
  • #417,007
  • Apr 1, 2011 12:12pm Apr 1, 2011 12:12pm
  •  gdaym8
  • | Joined Jan 2011 | Status: You Never go broke making a profit | 71 Posts
[quote=Venice;4516383]
Quoting gdaym8

Hardest thing to do with all of this, is change your thought process.

Try not to think of the current valuation of a currency, think of what the big boys can do to screw as many people as possible.

If sentiment is down, you can bet your ass they are going to run it as high as possible. Liquidity providers, is all.

Good advice Venice.
I wish I never knew right from wrong !
Always remember "Logic" has NO place in the Forex markets
  • #417,008
  • Apr 1, 2011 12:14pm Apr 1, 2011 12:14pm
Quoting gdaym8
I am Positive if Portugal got a DDD the Euro would go higher !!!
But lot of people are not really seeing what can happened with this politic crisis in Portugal.

I am positive by nature (negativism all around) but the two side here in Portugal are getting too nervous and people do not think very well when nervous.

I hope Portuguese people know how to vote, then only a miracle can safe Portugal not to default, and if default what will happen to Eurozone.
  • #417,009
  • Apr 1, 2011 12:16pm Apr 1, 2011 12:16pm
Quoting bbakker
http://www.telegraph.co.uk/finance/c...ond-reach.html

Interesting read. The German people have voted unanimously - a sign that voters in the euro zone’s largest economy are becoming increasingly fed up with fronting the bill for bailouts in the bloc’s periphery and could limit Merkel’s willingness to pay for future aid to struggling nations like Portugal.

Slowly the news is stacking up against the Euro... It will be a matter of time!

Have a great weekend all!
Merkel is done for. She pushed the 'save the euro' at her Countries expense. Not very smart for a politician.
  • #417,010
  • Apr 1, 2011 12:18pm Apr 1, 2011 12:18pm
Quoting fxpreacher
Merkel is done for. She pushed the 'save the euro' at her Countries expense. Not very smart for a politician.
You're so biased
Nothing worth having is easy.
  • #417,011
  • Apr 1, 2011 12:20pm Apr 1, 2011 12:20pm
  •  gdaym8
  • | Joined Jan 2011 | Status: You Never go broke making a profit | 71 Posts
Quoting BoredToLoose
But lot of people are not really seeing what can happened with this politic crisis in Portugal.

I am positive by nature (negativism all around) but the two side here in Portugal are getting too nervous and people do not think very well when nervous.

I hope Portuguese people know how to vote, then only a miracle can safe Portugal not to default, and if default what will happen to Eurozone.

You said it, only a miracle can help them, and when they vote another lot of donkey politicians will build their hopes up. Trust me, I worked with politicians for 26 years and they aren't all that smart !
Always remember "Logic" has NO place in the Forex markets
  • #417,012
  • Apr 1, 2011 12:24pm Apr 1, 2011 12:24pm
Quoting fxpreacher
Merkel is done for. She pushed the 'save the euro' at her Countries expense. Not very smart for a politician.
...may well start to see the prognostics.

Everyone is forgotten how a economic zone must work, now we start to see that Euro was built from the roof.

I insist, everyone has its guilt!

Flooding countries with so different economic laws and thoughts with easy money was a disaster!

Where are seeing live new events for the first time in history!
People never learn!!

The all world is indebted from head to toe! http://www.businessinsider.com/debt-...kings-2011-04#
  • #417,013
  • Apr 1, 2011 12:27pm Apr 1, 2011 12:27pm
hello,

just a little question why is good for the euro when the dow jones do a new high ?

thanks in advance
  • #417,014
  • Apr 1, 2011 12:29pm Apr 1, 2011 12:29pm
Quoting 168ipoh
But currently it is just moving in the direction of the main trend which is up.

Well...some big players do want to see euro up high....push it as high as possible. Then sell down.

How high? Above 1.5 me thinks...maybe 1.53

Soros or someone wants the rest to believe euro is in trouble, so they keep on selling the rallies and got burnt alive.

Think about it.
My view is that the euros have no choice whether this goes higher or not .
To curb inflation they are putting up interest rates ,trader hold eur cause rates are good, value of euro goes up.
oil breaking 2 year highs bad for us dollar ,eur/usd goes up.
The major US indices all getting higher = bad for us exports =eur/usd goes up.
eur rates up next week , dollar talks about after june .
eur possible 1% talked about over this year ,dollar ,not discussed yet.

I see these events trumping job numbers and the other news events .
The comment we hear of seem to be worth 30 pips if your quick .
But the above control the overall trend .
making green pips large and red pips small this is my goal.
  • #417,015
  • Apr 1, 2011 12:30pm Apr 1, 2011 12:30pm
...was the story about Ronaldo being sold to Spain!

Sold him!!

But I have a better deal for Portugal, why not The Savage Islands near Madeira, 50 billion and Spain can get it!
  • #417,016
  • Apr 1, 2011 12:35pm Apr 1, 2011 12:35pm
Quoting FibbinArchie
I think we're just in a 200 pip range, I favour distribution and thought nfp today was the ideal excuse for a top side shakeout, doesn't appear to be the case and I now reckon we'll be looking for more info to come out on rates and qe3, for the trigger...
Schön schön ... and what you think where we close later ...?

Daily closing / clôture in aprox. two and a half or three hours then ?

That is good to know for our calculations then ... let's try to think in daily candles ...



;-|
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2001-04-01_19h20_EURUSD _ min010 _ pivotchart with 4 Hours PP.png Size: 18 KB
Click to Enlarge Name: 2001-04-01_19h20_EURUSD _ min060 _ pivotchart with Daily PP.png Size: 18 KB
Click to Enlarge Name: 2001-04-01_19h25_EURUSD _ min240 _ pivotchart with Weekly PP.png Size: 17 KB
Click to Enlarge Name: 2001-04-01_19h25_EURUSD _ x-Daily _ pivotchart with Monthly PP.png Size: 20 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #417,017
  • Apr 1, 2011 12:38pm Apr 1, 2011 12:38pm
  •  gdaym8
  • | Joined Jan 2011 | Status: You Never go broke making a profit | 71 Posts
Quoting paul1
My view is that the euros have no choice whether this goes higher or not .
To curb inflation they are putting up interest rates ,trader hold eur cause rates are good, value of euro goes up.
oil breaking 2 year highs bad for us dollar ,eur/usd goes up.
The major US indices all getting higher = bad for us exports =eur/usd goes up.
eur rates up next week , dollar talks about after june .
eur possible 1% talked about over this year ,dollar ,not discussed yet.

I see these events trumping job numbers and the other news events .
The comment we hear of...
I see your logic, but wouldn't you think the AUD should be worth at least $1.50 with the HIGH interest rates and one of the only countries in the world which had come out of the crisis squeaky clean !
Always remember "Logic" has NO place in the Forex markets
  • #417,018
  • Edited 1:33pm Apr 1, 2011 12:38pm | Edited 1:33pm
A couple of weeks ago i have posted that we would make a top last week and we did. I have said that we would have a couple of month correction within a 400-500 pips range. What happened today could potentially invalidate this scenario. Attached are 3 charts, daily, weekly and monthly. As you can see we are now at very serious resistance. We have just past the last significant moving average on the daily where we have to expect the lower MAs to catch up with price and then thrust price higher to 1.500. On the weekly chart we have MA resistance at 1.4580 and 1,4680, on the monthly at 1.4280. If this rally should take us decisively above 1.4280, which is at the same time price resistance and have a weekly close above that level, we will have a direct advance toward 145.50-146.50 from where we will get a few weeks correction within the top and lower MAs. The price is driven by the Euro fundamentals, which is nothing other than the breakdown of the Eurozone. Next profit targets 1.50, 1.60 and then up to 1,70 at least, very likely 1.8600.
The previous price scenario is not invalidated until we have a weekly close above 1.4280.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusddaily.gif Size: 29 KB
Click to Enlarge Name: eurusdweekly.gif Size: 24 KB
Click to Enlarge Name: eurusdmonthly.gif Size: 21 KB
  • #417,019
  • Apr 1, 2011 12:43pm Apr 1, 2011 12:43pm
that is sobering. western countries alongside Zimbabwe, Sudan,etc...

Quoting BoredToLoose
...may well start to see the prognostics.

Everyone is forgotten how a economic zone must work, now we start to see that Euro was built from the roof.

I insist, everyone has its guilt!

Flooding countries with so different economic laws and thoughts with easy money was a disaster!

Where are seeing live new events for the first time in history!
People never learn!!

The all world is indebted from head to toe! http://www.businessinsider.com/debt-...kings-2011-04#
  • #417,020
  • Apr 1, 2011 12:52pm Apr 1, 2011 12:52pm
Quoting SirMcPip
A couple of weeks ago i have posted that we would make a top last week and we did. I have said that we would have a couple of month correction within a 400-400 pips range. What happened today could potentially invalidate this scenario. Attached are 3 charts, daily, weekly and monthly. As you can see we are now at very serious resistance. We have just past the last significant moving average on the daily where we have to expect the lower MAs to catch up with price and then thrust price higher to 1.500. On the weekly chart we have MA resistance at...

Well ... I do remember that you are with very positive stance for the Euro within this year ...

Are you trading spot forex (two days forward) ? Or longer foreward contracts ?

Or do you use options and futures or other instruments mainly ?


Anyway ... we must be aware that the market has seen a nice inside reversal today ...

Lower high and lower low as yesterday ... but higher clôture possibly ...

Therefore nice green candle in the end ...



;-|
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-04-01_19h40_ EURUSD _ x-Daily _ (100) candle + TL.PNG Size: 22 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
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