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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #22,121
  • Dec 12, 2011 5:24am Dec 12, 2011 5:24am
Quoting Marquis
still holding ))
seems I backed the wrong horse.. should have shorted EUR
Money is the result derived from the execution of a skillset
  • #22,122
  • Dec 12, 2011 5:28am Dec 12, 2011 5:28am
EU is testing the LTL.... if it doesn't break, there will probably be some retracement as well...
I don't want a job, i want money!
  • #22,123
  • Dec 12, 2011 5:48am Dec 12, 2011 5:48am
Quoting dario1002
EU is testing the LTL.... if it doesn't break, there will probably be some retracement as well...
bhuahahah i just realized that i wrote "if it doesn't go down, it will go up" )) isn't that a useful post? ))
I don't want a job, i want money!
  • #22,124
  • Dec 12, 2011 5:49am Dec 12, 2011 5:49am
Quoting dario1002
EU is testing the LTL.... if it doesn't break, there will probably be some retracement as well...
Look at my quotes above bro. It fell below 3440, did a retest & got slapped back down hard. The D1 bearflag is in play, I reckon this sucker will fall deep, well beyond 1.3 .... Just not sure if it'll happen this month, but long term, it's looking that wAy
Thank You
  • #22,125
  • Dec 12, 2011 5:51am Dec 12, 2011 5:51am
Quoting wormboy
Look at my quotes above bro. It fell below 3440, did a retest & got slapped back down hard. The D1 bearflag is in play, I reckon this sucker will fall deep, well beyond 1.3 .... Just not sure if it'll happen this month, but long term, it's looking that wAy

not even thinking about longing.. will just sell the rallies ....

on a sidenote, i have been asking myself, who really gets any use from the euro fail? still can't find a good answer...
I don't want a job, i want money!
  • #22,126
  • Dec 12, 2011 6:06am Dec 12, 2011 6:06am
Quoting dario1002
not even thinking about longing.. will just sell the rallies ....

on a sidenote, i have been asking myself, who really gets any use from the euro fail? still can't find a good answer...
America
Thank You
  • #22,127
  • Dec 12, 2011 6:29am Dec 12, 2011 6:29am
Quoting wormboy
America

and.... why?
I don't want a job, i want money!
  • #22,128
  • Dec 12, 2011 8:44am Dec 12, 2011 8:44am
ok... sold cable at the break of the 5m LTL and closed it for 20 pips... (SL was 20 pips as well)...

till new year my plan will be.. sell the rallies... EU is goig down ATM, will not even bother looking for long.. will short when it goes up. In the last days the strategy could have been... short any pinbar on a higher level, and wait for it to give u money

too much work for today.. time to sleep
I don't want a job, i want money!
  • #22,129
  • Dec 12, 2011 10:04am Dec 12, 2011 10:04am
Quoting dario1002
and.... why?
America is a state of consumption.... so if they import goods from Europe they have to pay in euro.... weaker euro = cheaper goods ...

see eurusd

...of course this is just one out of thousands of aspects...very abstract one..
Hero calls followed by margin calls...
  • #22,130
  • Dec 12, 2011 10:07am Dec 12, 2011 10:07am
Quoting PhAnTi'
America is a state of consumption.... so if they import goods from Europe they have to pay in euro.... weaker euro = cheaper goods ...

see eurusd

...of course this is just one out of thousands of aspects...very abstract one..
But on the other hand, cheaper EUR means expensive USD which means that american debt will be more expensive to service.... so a lower EUR will not be all positive for the U.S. as they want a cheaper dollar (hence helicopter Ben and his quantitative easing)
Money is the result derived from the execution of a skillset
  • #22,131
  • Dec 12, 2011 10:19am Dec 12, 2011 10:19am
Quoting Marquis
But on the other hand, cheaper EUR means expensive USD which means that american debt will be more expensive to service.... so a lower EUR will not be all positive for the U.S. as they want a cheaper dollar (hence helicopter Ben and his quantitative easing)

i can see the logic in this..
I also think dario has a good point..lower euro, expensive USD, The US seems to rely on export..expensive usd aint good for america me thinks, them apple macs n stuff gonna cost a fortune

oh yeah i almost forgot!! dont f*ck with the pound

hope u guys all good?
  • #22,132
  • Dec 12, 2011 10:28am Dec 12, 2011 10:28am
Quoting nAVIN2007
i can see the logic in this..
I also think dario has a good point..lower euro, expensive USD, The US seems to rely on export..expensive usd aint good for america me thinks, them apple macs n stuff gonna cost a fortune

oh yeah i almost forgot!! dont f*ck with the pound

hope u guys all good?
our bet is still on Nav! pound will come off in due time
Money is the result derived from the execution of a skillset
  • #22,133
  • Dec 12, 2011 10:34am Dec 12, 2011 10:34am
Quoting Marquis
our bet is still on Nav! pound will come off in due time
  • #22,134
  • Dec 12, 2011 10:36am Dec 12, 2011 10:36am
Quoting Marquis
I am expecting a consolidation or slight rally period in currencies this week before event risk by the end of the week sets in - thats when we will see a pullback:

December 9th - decisive Eurozone crisis solution expected
December 9th - full moon (cyclical turning point)
December 9th - Friday (closing of positions for the week = USD strength)

Lets see...
ok I was off by 3 days...
Money is the result derived from the execution of a skillset
  • #22,135
  • Dec 12, 2011 11:15am Dec 12, 2011 11:15am
Quoting wormboy
Look at my quotes above bro. It fell below 3440, did a retest & got slapped back down hard. The D1 bearflag is in play, I reckon this sucker will fall deep, well beyond 1.3 .... Just not sure if it'll happen this month, but long term, it's looking that wAy
Taking a nice healthy profit here. Easiest day for this month by a mile.
Don't mind the -4.5, pressed buy instead of sell, noob that I am
Attached Image (click to enlarge)
Click to Enlarge Name: eum5.png Size: 37 KB
Thank You
  • #22,136
  • Dec 12, 2011 11:32am Dec 12, 2011 11:32am
Quoting dario1002
and.... why?
Quoting PhAnTi'
America is a state of consumption.... so if they import goods from Europe they have to pay in euro.... weaker euro = cheaper goods ...

see eurusd

...of course this is just one out of thousands of aspects...very abstract one..
Quoting Marquis
But on the other hand, cheaper EUR means expensive USD which means that american debt will be more expensive to service.... so a lower EUR will not be all positive for the U.S. as they want a cheaper dollar (hence helicopter Ben and his quantitative easing)
Quoting nAVIN2007
i can see the logic in this..
I also think dario has a good point..lower euro, expensive USD, The US seems to rely on export..expensive usd aint good for america me thinks, them apple macs n stuff gonna cost a fortune

oh yeah i almost forgot!! dont f*ck with the pound

hope u guys all good?


Jonas is right, when the dollar is strong, American businesses and consumers can purchase foreign goods and services at cheaper exchange rates . This encourages foreign imports because the American importers can pass on some of the cost savings to their consumers in the form of lower prices.
Thank You
  • #22,137
  • Dec 12, 2011 11:52am Dec 12, 2011 11:52am
Quoting wormboy
Taking a nice healthy profit here. Easiest day for this month by a mile.
Don't mind the -4.5, pressed buy instead of sell, noob that I am

  • #22,138
  • Dec 13, 2011 3:06am Dec 13, 2011 3:06am
hello guys... any plan for the day? i will wait for the confirm of the broken TL on cable and sold it again... in the next hour..

if it doesn't will just wait for retracement either on EU or GU and sell it later...
I don't want a job, i want money!
  • #22,139
  • Dec 13, 2011 3:32am Dec 13, 2011 3:32am
on EU i'd like to see 3260 to short from... and btw, last time we reached this area we went back up till 1.40, meaning if the guys that were sitting at this level give up and don't push it up now, or better TODAY, we are probably heading way lower

and on GU we are still hanging around 5580 level...

here is the EU daily chart as i see it
Attached Image (click to enlarge)
Click to Enlarge Name: eudaily.jpg Size: 126 KB
I don't want a job, i want money!
  • #22,140
  • Dec 13, 2011 6:52am Dec 13, 2011 6:52am
Quoting wormboy
Taking a nice healthy profit here. Easiest day for this month by a mile.
Don't mind the -4.5, pressed buy instead of sell, noob that I am
... how often did you declare that THIS will be your last trade for the year ?

Anyway.... gold paid you


best,
Jonas
Hero calls followed by margin calls...
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