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EURUSD

  • #549,281
  • Oct 11, 2011 1:39pm Oct 11, 2011 1:39pm
Quoting alter
What is difference from SNB, they can print as much CZK as they want
i dont know...czechs have normal thinking. they were rich, then went under communism, now they are getting rich again. they're not spoiled and they don't like debts. plus their women are good looking.
  • #549,282
  • Oct 11, 2011 1:39pm Oct 11, 2011 1:39pm
This is against the grain for the bulls, but doesn't look like we will make a new high today...Call me crazy!!! Analysis below...

http://www.forexfactory.com/showthre...64#post5031564
  • #549,283
  • Oct 11, 2011 1:41pm Oct 11, 2011 1:41pm
http://www.bbc.co.uk/news/world-europe-15265987

Slovakia votes down eurozone bailout expansion plans
  • #549,284
  • Oct 11, 2011 1:41pm Oct 11, 2011 1:41pm
Big Banks Call for Euro Gains, but We Predict Tumbles - Who’s Right?

Current 12-month forecasts for EUR/USD across banks and retail FX brokers span a wide range (full list of forecasts can be found at the end of this article) and there is an interesting dichotomy in the forecasts.

Euro/US Dollar Forecasts As Published in FX Week:

Retail Brokers
CMC Markets 1.25
Gain Capital 1.22
GFT 1.21
Saxo Bank 1.20
FXCM/DailyFX 1.00

Banks
Bank of America Merrill Lynch 1.48
Bank of China 1.48
BMO Markets 1.43
Barclays 1.40
BNP 1.40
Commwealth Bank of Australia 1.48
Danske Bank 1.50
Morgan Stanley 1.30
Nomura 1.45
RBS 1.40
Société Générale 1.50
Standard Chartered 1.45
UBS 1.30

Once scalper always scalper
  • #549,285
  • Oct 11, 2011 1:42pm Oct 11, 2011 1:42pm
Quoting attila
I hope you are in demo.
i hope too, but already recapped 5K waiting to manage the rest of it :-)

maybe a prayer will do it
Forex will make you loose but you will stay gambling
  • #549,286
  • Oct 11, 2011 1:42pm Oct 11, 2011 1:42pm
Quoting freiburg
i dont know...czechs have normal thinking. they were rich, then went under communism, now they are getting rich again. they're not spoiled and they don't like debts. plus their women are good looking.
oh yes, Czech girls... look at this one:
http://www.fotodilema.cz/images/port...9/IMG_2175.jpg

or these. They're all taken by Czech photographer
http://www.fotodilema.cz/portret.php
  • #549,287
  • Oct 11, 2011 1:45pm Oct 11, 2011 1:45pm
Cleared a good load of short in the 1,363x area...rest is at BE for 1,359x or nothing!
COT: The precious data ignored
  • #549,288
  • Oct 11, 2011 1:45pm Oct 11, 2011 1:45pm
Quoting Jawadnimri
i hope too, but already recapped 5K waiting to manage the rest of it :-)

maybe a prayer will do it
Hmm. Try prayer. It's probably your only option... But let me show you something. It's a 2 days chart.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.FXCM - Candle Six Months_2d 2011-10-11 164400.GIF Size: 32 KB


It depends where your entry is. If you are close by, you may get lucky but it also means you overleverage and if you continue to to that sooner or later Mr. Margin Call will come knocking at your door.
  • #549,289
  • Oct 11, 2011 1:51pm Oct 11, 2011 1:51pm
Quoting attila
Hmm. Try prayer. It's probably your only option... But let me show you something. It's a 2 days chart.

Attachment

i am not good with these charts, but i know it will clear at 1.3350. so i need those 250 pips.

i am reversing and closing the winning and so on... lets see what will happen. i managed to get out of similar situation before.
Forex will make you loose but you will stay gambling
  • #549,290
  • Oct 11, 2011 1:56pm Oct 11, 2011 1:56pm
Quoting Jawadnimri
i am not good with these charts, but i know it will clear at 1.3350. so i need those 250 pips.

i am reversing and closing the winning and so on... lets see what will happen. i managed to get out of similar situation before.
And why do you think we'll go back to 3350? Just because you are short? Don't answer that. You are probably a very busy man now. Good luck.
  • #549,291
  • Oct 11, 2011 1:58pm Oct 11, 2011 1:58pm
Possibility of a move back to 1,366x before heading down...time will tell...but price needs to develop a little bit more here
COT: The precious data ignored
  • #549,292
  • Oct 11, 2011 1:59pm Oct 11, 2011 1:59pm
Looking to hold short position until around 3480 level; green area indicates possible buy as the area highlighted has overlaying fibo levels of a swing 3675 - 3142 on H1 chart (61.8) and 4547 - 3142 on the daily chart (23.6)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu60m.png Size: 184 KB
Click to Enlarge Name: euh4.jpg Size: 377 KB
  • #549,293
  • Oct 11, 2011 2:02pm Oct 11, 2011 2:02pm
i dont have any point to prove, i just hope it will go back to that level and that level under the current arrangement of my deals will make me even.

now from my perspective; this sudden increase in the euro price is based on hope, a hope that will deminish by mid Nov see below,

Huge Optimism Persists as Euro Explodes
The rally of the Euro was huge yesterday, reaching more than 2% leap in light of the great optimism ignited by the Franco-German agreement.
Merkel and Sarkozy even announced deadline for the plan: 3-4/November. The plan will be announced in Cannes, France.
I remind: in mid November Greece is expected to run out of cash. So a plan must be ready a.s.a.p.


Majors

EUR/USD
The rise of the pair infuses great optimism, however, lately the European leaders disappointed markets saying they will help, but reaching no agreement when time is due. This makes traders wary, especially after a rally like that. Analysts now cite 1.3680-90 levels as resistance, whereas a break will target 1.3845.
From the dollar side, today we have the minutes of the last interest rate decision in the US.
Forex will make you loose but you will stay gambling
  • #549,294
  • Oct 11, 2011 2:09pm Oct 11, 2011 2:09pm
Quoting attila
And why do you think we'll go back to 3350? Just because you are short? Don't answer that. You are probably a very busy man now. Good luck.
dont mess with him....he just needs enough lots to bring this baby down again

im currently flat...but still like the downside more....

lets c
Hero calls followed by margin calls...
  • #549,295
  • Oct 11, 2011 2:12pm Oct 11, 2011 2:12pm
Quoting PhAnTi'
dont mess with him....he just needs enough lots to bring this baby down again

im currently flat...but still like the downside more....

lets c
It's 3650 that I'm watching, not 3700...

http://www.forexfactory.com/showthre...48#post5031348
  • #549,296
  • Oct 11, 2011 2:14pm Oct 11, 2011 2:14pm
since the bias here still to the down side .
here is another chart, like it or loath it .
Attached Image (click to enlarge)
Click to Enlarge Name: last.jpg Size: 105 KB
I SEE YOU !!
  • #549,297
  • Oct 11, 2011 2:21pm Oct 11, 2011 2:21pm
Quoting dbfusion
since the bias here still to the down side .
here is another chart, like it or loath it .
Does the chart take into account the Slovak vote? the No vote also brought down the govt so any new Vote will require the new Govt to be sworn in.
  • #549,298
  • Oct 11, 2011 2:44pm Oct 11, 2011 2:44pm
Quoting Xdir
Does the chart take into account the Slovak vote? the No vote also brought down the govt so any new Vote will require the new Govt to be sworn in.
I am a technical analyst just like most the guys here .
I cannot and care not to understand the news .
i didn't care for the downgrade avalanche nor the double dip nor the collapse of all stocks and entered long on that crazy day 4th of October where Armageddon was about to start
and certainly I careless for Slovenia ( which I have no idea of where on the map is it) voting on God knows what " no offense for any one from there "

news for me means nothing . if i can analyze it or plot it on my chart i will use it , other wise fibs, TLs, patterns is all what i can do .
I SEE YOU !!
  • #549,299
  • Oct 11, 2011 2:55pm Oct 11, 2011 2:55pm
Quoting dbfusion
I am a technical analyst just like most the guys here .
I cannot and care not to understand the news .
i didn't care for the downgrade avalanche nor the double dip nor the collapse of all stocks and entered long on that crazy day 4th of October where Armageddon was about to start
and certainly I careless for Slovenia ( which I have no idea of where on the map is it) voting on God knows what " no offense for any one from there "

news for me means nothing . if i can analyze it or plot it on my chart i will use it , other wise fibs, TLs, patterns...
yep. not bad to be prepared for some eventualities though, is it?

edit:and also you might mind if you plan to go visit slovakia but book a flight to slovenia instead
  • #549,300
  • Oct 11, 2011 3:09pm Oct 11, 2011 3:09pm
Quoting 2046
yep. not bad to be prepared for some eventualities though, is it?
if you can financially analyze that would be good .

I can't , and I won't waste 20 years reading financial books to understand it and at the end I wont !

easier is to subscribe to Goldman sachs or roubini economics , and follow their recommendations .

roubini sold EU since april 2011 . thats 7 months to enter unleavareged trade @ 1.44 as i remember which means around 400 EUR profit for 10000 USD after 7 months . which means to make a living with this kind of trading is to invest 1 million USD at least .

otherwise 500 pips spike on 1:100 leavarage will kill you.


I don't have that kind of money " YET" . but when I do I will defenatly use their expertise in financial analysis
I SEE YOU !!
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