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EURUSD

  • #552,741
  • Oct 21, 2011 5:12am Oct 21, 2011 5:12am
Quoting mrbandwidth
Is US$ *really* better?

In fact I think that both are pure shit
Agreed. Safe heaven is Gold. Current yellow metal bear is temporary.
You cannot learn better without losing
  • #552,742
  • Oct 21, 2011 5:12am Oct 21, 2011 5:12am
Quoting kuroro001
It's friday so the strategy is "hit and run"
But i wouldn't short for sure....can't see any short opportunity...so i keep going long for now
yes seems like longing better for a while, but as you said its friday hmm, perhaps a long then down in the US
" Accepting losses is the most important single investment devise "
  • #552,743
  • Oct 21, 2011 5:13am Oct 21, 2011 5:13am
I've used trend line on H1 chart and make profit on both BULL and BEAR.
What a good day is today.

See you next week frens.
  • #552,744
  • Oct 21, 2011 5:18am Oct 21, 2011 5:18am
Quoting freedom48
yes seems like longing better for a while, but as you said its friday hmm, perhaps a long then down in the US
Could be a good plan...it will depend on the PA
It's seems we got some offers inside the 1,377x area...let's see if we can get a squeeze above 1,3800 to kick them out the game
COT: The precious data ignored
  • #552,745
  • Oct 21, 2011 5:21am Oct 21, 2011 5:21am
Quoting forexings
Agreed. Safe heaven is Gold. Current yellow metal bear is temporary.
The problem with that is that gold is nothing, we arent on the gold standard anymore, gold is not used for anything except electronics and jewelry (maybe some other un-important things) If major currencies start to crash everyone will buy gold, but then what do we do when every country is broke? We cant exactly eat gold can we? It is a safe haven while in the short term, but in the long term i just dont think so.
  • #552,746
  • Oct 21, 2011 5:27am Oct 21, 2011 5:27am
The situation of things call for a lot patience.The patient dog eats the fattest bone.The impatient dog gets its bones broken
With patience and discipline,you move beyond the sky
  • #552,747
  • Oct 21, 2011 5:29am Oct 21, 2011 5:29am
  • #552,748
  • Oct 21, 2011 5:35am Oct 21, 2011 5:35am
Long term I think EUR will go down but I think short term a small Long position at 1660 could be interesting, soon we will now which direction it will take us!
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  • #552,749
  • Oct 21, 2011 5:45am Oct 21, 2011 5:45am
ok I sell it nice expectations, it has possible to down down from the pivot..I take the risk with sl
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" Accepting losses is the most important single investment devise "
  • #552,750
  • Oct 21, 2011 5:47am Oct 21, 2011 5:47am
Quoting freedom48
ok I sell it nice expectations, it has possible to down down from the pivot..I take the risk with sl
We can't mess with the bears nowadays....
COT: The precious data ignored
  • #552,751
  • Oct 21, 2011 5:50am Oct 21, 2011 5:50am
Whoever is supporting the EURO can't do it forever, i think the aim is to avoid it dropping too fast.
  • #552,752
  • Oct 21, 2011 5:51am Oct 21, 2011 5:51am
Those in support of bear stand a good chance but not without protective stop above the daily pivot.Entry point should be well below the daily pivot
With patience and discipline,you move beyond the sky
  • #552,753
  • Oct 21, 2011 5:54am Oct 21, 2011 5:54am
Quoting Nik655
The problem with that is that gold is nothing, we arent on the gold standard anymore, gold is not used for anything except electronics and jewelry (maybe some other un-important things) If major currencies start to crash everyone will buy gold, but then what do we do when every country is broke? We cant exactly eat gold can we? It is a safe haven while in the short term, but in the long term i just dont think so.
Answer in your comment:
Quoting Nik655
If major currencies start to crash everyone will buy gold
Not only US and EU but the world economy uncertainty will push this metal higher.

Try to understand: you can print paper currencies but you can't generate gold. Suppose we have $1500 for 1 ounce Gold. If you print $100 more paper currency you have to collect same amount of gold otherwise 1 ounce gold price will be $1600.


Gold was a valuable metal for ancient kings, did they eat gold?
Gold remain in top position even after invention of paper currency.
Answer me if you eat paper currency.

Simple matter to understand.
You cannot learn better without losing
  • #552,754
  • Oct 21, 2011 6:01am Oct 21, 2011 6:01am
Serious contentions btw bull and bear.This is a battle for the survival of the fittest.Bear may carry the day
With patience and discipline,you move beyond the sky
  • #552,755
  • Oct 21, 2011 6:02am Oct 21, 2011 6:02am
Quoting holahabib
Whoever is supporting the EURO can't do it forever, i think the aim is to avoid it dropping too fast.
No one is supporting the euro.but the technicals are. All major moving averages on H4 are below the price and keeping it up, and my charts are for a rising euro next week.
  • #552,756
  • Oct 21, 2011 6:07am Oct 21, 2011 6:07am
Well, is anyone looking at cable? It's a two way thing. If it's a quad top, it sells off and EU dives along. If it breaks out, holding a fiber short might not be the best idea. Bears might be in for surprises.
Don't just beat the markets, leave bruises.
  • #552,757
  • Oct 21, 2011 6:08am Oct 21, 2011 6:08am
Quoting cat
No one is supporting the euro.but the technicals are. All major moving averages on H4 are below the price and keeping it up, and my charts are for a rising euro next week.
Markozy supporting euro. Let's see how they can weigh weekly bear pressure.
Next week will be crucial for both parties.

EFSF failure means euro crash.

H4, D1 neutral
H1 in range
Weekly bear not so good position.
Monthly doesn't matter but it's a bit positive.
You cannot learn better without losing
  • #552,758
  • Oct 21, 2011 6:10am Oct 21, 2011 6:10am
finally im in fucking green again, market today is sucks1W!@W!@E!@

2 longs on EURGPB at at 54 and 56 targets 75 and 89

am i going to get it or what!
When life gives you lemons, make lemonade
  • #552,759
  • Oct 21, 2011 6:13am Oct 21, 2011 6:13am
Ok.. now i think its time to resolve the triangle....

Watch price action near 3785 and near 3740 now

Market does the obvious thing in least obvious way !
  • #552,760
  • Oct 21, 2011 6:13am Oct 21, 2011 6:13am
Quoting biodunola07
Serious contentions btw bull and bear.This is a battle for the survival of the fittest.Bear may carry the day
yes a nice battle
When life gives you lemons, make lemonade
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