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EURUSD

  • #458,561
  • Jun 9, 2011 8:38am Jun 9, 2011 8:38am
Quoting johnnyrei
Guys - can someone tell me if a currency will collapse when is at it's peak against dollar? I mean can euro become worthless when it EUR/USD exchange rate will be for example 3.6500? Below is a picture of zimbabwe dollar against usd - can someone explain why zimbabwe dollar was so high against usd? Did that mean that you could buy millions of dollars with small amount of zimb. dollars? I may sound plain stupid, but I want to know to mechanics - even if i get Pwned. tHANKS
Zim dollar was dropped during 2009. Hyperinflation running into 1000`s % killed the economy as well as the currency. 1 USD would have cost you a few million Zim $ not the other way around.

Currencies used in Zimbabwe now South African Rands , USD , Pound Sterling and Botswana Pula as official tender.
" Never let the past hold the future to ransom "
  • #458,562
  • Jun 9, 2011 8:38am Jun 9, 2011 8:38am
Precision to the pip I like that knife! Common hike strategy during ECB

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  • #458,563
  • Jun 9, 2011 8:39am Jun 9, 2011 8:39am
Quoting johnnyrei
Guys - can someone tell me if a currency will collapse when is at it's peak against dollar? I mean can euro become worthless when it EUR/USD exchange rate will be for example 3.6500? Below is a picture of zimbabwe dollar against usd - can someone explain why zimbabwe dollar was so high against usd? Did that mean that you could buy millions of dollars with small amount of zimb. dollars? I may sound plain stupid, but I want to know to mechanics - even if i get Pwned. tHANKS
Flip the chart upside down

or

Stand on your head, everything will start making sense.

euro/usd means how many usd are required to buy one euro

usd/ZWD should mean how many ZWD are reqired to buy one USD. Read it USD/ZWD.
The Thief of Wall Street
  • #458,564
  • Jun 9, 2011 8:40am Jun 9, 2011 8:40am
maybe 1.4400



A break from there will be 1.4300
  • #458,565
  • Jun 9, 2011 8:41am Jun 9, 2011 8:41am
Got the following levels:

4548
4515
4493 <--
4436
4415

Waiting for PA to pull the trigger. High risk, small size. Countertrending FTW
  • #458,566
  • Jun 9, 2011 8:41am Jun 9, 2011 8:41am
Quoting KiwiTrada
Cocktail my friend large Cocktail, and beef burger, bulls died so you could eat
hehehehe lol yep i should go out for a fresh air & i guess a beer would be fine

Good times to you too friend & all fellow members

No more practice & no more trading for now. im off
Hope
  • #458,567
  • Jun 9, 2011 8:42am Jun 9, 2011 8:42am
Really a roller coaster ride.

My stop loss @ 4630 was taken out by the BBs.

But managed to get in short again at 4640 just 10 pip below resistance n targetted profit @ 161.8 level @ 4480.

Phew, manage to turn a lost into a gain.

But I promised myself never to leave any trade open when ECB or FED Chairman talks. Too heart pumping.
  • #458,568
  • Jun 9, 2011 8:43am Jun 9, 2011 8:43am
All ladies (except AU) at support, danger time for bears, to fat and bloated on steak

If you are new to Forex? Say Goodbye to your account!!
  • #458,569
  • Jun 9, 2011 8:43am Jun 9, 2011 8:43am
A quicky for a dixie for shits n giggles...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #458,570
  • Jun 9, 2011 8:44am Jun 9, 2011 8:44am
Quoting gatorinla
next target is 4586.3 if support is lost at 4575/77
then it opens other targets
4569.1
4540.45.8
4512.5
4472.1
4454.6
4430
4391.2
4353
these are not proven supports. just pa indication waves. when we get there they will prove or disprove worth.
. done....
next
those who can, do. those who cant, talk about those who can
  • #458,571
  • Jun 9, 2011 8:44am Jun 9, 2011 8:44am
So it has done a great job , broke down . short taken for 4447/36 if get some .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #458,572
  • Jun 9, 2011 8:45am Jun 9, 2011 8:45am
map of impulse waves
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  • #458,573
  • Jun 9, 2011 8:45am Jun 9, 2011 8:45am
Who's going long? haha
  • #458,574
  • Jun 9, 2011 8:46am Jun 9, 2011 8:46am
That girl from marketnews international with an AISEC board in front of her is really cute.
  • #458,575
  • Jun 9, 2011 8:46am Jun 9, 2011 8:46am
Quoting Sabretooth
Really a roller coaster ride.

My stop loss @ 4630 was taken out by the BBs.

But managed to get in short again at 4640 just 10 pip below resistance n targetted profit @ 161.8 level @ 4480.

Phew, manage to turn a lost into a gain.

But I promised myself never to leave any trade open when ECB or FED Chairman talks. Too heart pumping.
well done
  • #458,576
  • Jun 9, 2011 8:47am Jun 9, 2011 8:47am
Quoting infinitus
EW wise it should ideally now move down to around 4572. then up to 4650-4670
Grüß' Dich mein Lieber!

Ist jetzt nicht mehr von Belang ...

Any upside corrections ... should be considered as a selling op for now ...

Weekly projections shifted after these statements ...

I will post a new UPDATE soon ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #458,577
  • Jun 9, 2011 8:47am Jun 9, 2011 8:47am
retracing

closed with 90pips to cover earlier loss. now looking for 1.4500to 1.4527 to reenter
Lets Soar The Sky
  • #458,578
  • Jun 9, 2011 8:48am Jun 9, 2011 8:48am
Quoting Walker93
Who's going long? haha
Yeh, here's that retracement, but I didn't take a position as tempting it is. If this is supposed to be the start of a downward move, this should retrace to 1.4560 area and go lower.

Or it could be a reversal and go back to pre-whipsaw levels.
Trends, breakouts, price action.
  • #458,579
  • Edited 8:51am Jun 9, 2011 8:49am | Edited 8:51am
Quoting Walker93
Who's going long? haha
been long 20 pips ago
  • #458,580
  • Jun 9, 2011 8:49am Jun 9, 2011 8:49am
Quoting Walker93
Who's going long? haha
make that one.
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