The Really Useless Thread | Page 4435 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The Really Useless System 25 replies

Bloomberg: VIX Indicator useless for forecasting the direction of equity prices 0 replies

The Really Really Boring Forex System 97 replies

Attachments: The Really Useless Thread
Exit Attachments

The Really Useless Thread

  • #88,681
  • May 16, 2012 8:03am May 16, 2012 8:03am
Quoting FibbinArchie
not much good having a strong manufacturing base if you're customers are skint..
thats what i was thinking... and making your products higher comparably to u.s. and Asian products is not a smart thing to do.
if you have a tourism economy. raising the prices for tourist, is not going to help either.
those who can, do. those who cant, talk about those who can
  • #88,682
  • May 16, 2012 8:03am May 16, 2012 8:03am
at what price was the euro introduced to the usd?
  • #88,683
  • May 16, 2012 8:08am May 16, 2012 8:08am
Quoting gatorinla
thats what i was thinking... and making your products higher comparably to u.s. and Asian products is not a smart thing to do.
if you have a tourism economy. raising the prices for tourist, is not going to help either.
tourism is the key, most southern european states' (your club med countries) economic engines are built around tourism, and what's the first thing to get axed in times of economic hardship? luxuries like foreign holidays..
  • #88,684
  • May 16, 2012 8:09am May 16, 2012 8:09am
Quoting Mr Hatch
at what price was the euro introduced to the usd?
dunno, but i remember going to spain in the late 80s and everything being cheap as chips, since the euro it's just as expensive as rip off britain..
  • #88,685
  • May 16, 2012 8:10am May 16, 2012 8:10am
Quoting Mr Hatch
at what price was the euro introduced to the usd?
i want to say =
the euro dropped to .8xxx i think
not long after 911 happened (a few years) in the u.s.
to pump up the economy the u.s. eased. this helped the euro
now at 0 to .5% easing is less an option

before 911 .8xx is where the euro went naturally
those who can, do. those who cant, talk about those who can
  • #88,686
  • May 16, 2012 8:11am May 16, 2012 8:11am
Quoting FibbinArchie
took another 8, bottled it on m1 dandruff shampoo pattern..



http://www.youtube.com/watch?v=gXxoLw8nP14
so much for fakking chart patterns on small time frames, hoping we get a bit of a consolidation range here, looking to buy base of range..
  • #88,687
  • May 16, 2012 8:12am May 16, 2012 8:12am
Quoting FibbinArchie
tourism is the key, most southern european states' (your club med countries) economic engines are built around tourism, and what's the first thing to get axed in times of economic hardship? luxuries like foreign holidays..
on the same page.. with the usd pegged to asian currencies. less Asian tourist.
those who can, do. those who cant, talk about those who can
  • #88,688
  • May 16, 2012 8:13am May 16, 2012 8:13am
Quoting Mr Hatch
at what price was the euro introduced to the usd?
1.17 ish I think. the first trading day. before that it was sort of an index
  • #88,689
  • May 16, 2012 8:14am May 16, 2012 8:14am
Quoting gatorinla
i want to say =
the euro dropped to .8xxx i think
not long after 911 happened (a few years) in the u.s.
to pump up the economy the u.s. eased. this helped the euro
now at 0 to .5% easing is less an option

before 911 .8xx is where the euro went naturally
the first open price I have is 1.0445 back in April, 1989... so slightly above parity. On 911 it was traded below .93 already.
I don't know how accurate that is.
  • #88,690
  • May 16, 2012 8:16am May 16, 2012 8:16am
if the shit really hits the fan with greece and ez contagion then i reckon 1.18 is doable...
  • #88,691
  • May 16, 2012 8:17am May 16, 2012 8:17am
Quoting Mr Hatch
at what price was the euro introduced to the usd?
Well euro as main currency for the EZ, was at 0.889x (Jan 2002). The official entry to the financial system was at 1.174x (Jan 1999)

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #88,692
  • May 16, 2012 8:17am May 16, 2012 8:17am
Quoting Mr Hatch
the first open price I have is 1.0445 back in April, 1989... so slightly above parity. On 911 it was traded below .93 already.
I don't know how accurate that is.
but that was in 89. it was called some sort of european unit, and before 80s it was called something else.

euro officially replaced it in 1999 at parity (with the ECU).
  • #88,693
  • May 16, 2012 8:18am May 16, 2012 8:18am
Holy frackin a!! There is bull candle on the daily?!?!? Lets see how long this lasts
  • #88,694
  • May 16, 2012 8:21am May 16, 2012 8:21am
Quoting gatorinla
on the same page.. with the usd pegged to asian currencies. less Asian tourist.
seen anything today on greek bank deposit withdrawals?
  • #88,695
  • May 16, 2012 8:21am May 16, 2012 8:21am
Quoting Mr Hatch
the first open price I have is 1.0445 back in April, 1989... so slightly above parity. On 911 it was traded below .93 already.
I don't know how accurate that is.
My 2 cents, you may be better off not using those numbers before 1999 as they are a basket index on the ECU and it has no significant TA value for your euro charts. Leave those correlation before 1999 for the econometricians that can make something else out of it outside of trading...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #88,696
  • May 16, 2012 8:27am May 16, 2012 8:27am
Quoting sisse
My 2 cents, you may be better off not using those numbers before 1999 as they are a basket index on the ECU and it has no significant TA value for your euro charts. Leave those correlation before 1999 for the econometricians that can make something else out of it outside of trading...

sisse
can you say 'econometricians' three times in a row?
Thanks, Sisse. I finally marked January, 2001.
  • #88,697
  • May 16, 2012 8:32am May 16, 2012 8:32am
Quoting FibbinArchie
seen anything today on greek bank deposit withdrawals?
slacked off atm
those who can, do. those who cant, talk about those who can
  • #88,698
  • May 16, 2012 8:35am May 16, 2012 8:35am
Quoting Mr Hatch
can you say 'econometricians' three times in a row?
Thanks, Sisse. I finally marked January, 2001.
.... Here is my chart view of needpips comments that includes those euro initial "historical" levels (....missing the 1st 2 years before 2001 that made the swing high for the break later in 2002)....

sisse
Attached Image (click to enlarge)
Click to Enlarge Name: MonthlyNeedpips.png Size: 40 KB
Pending conversations? PM for a chat...I am mainly in OTM now
  • #88,699
  • May 16, 2012 8:37am May 16, 2012 8:37am
2724/26 ma be a little s now..i may get my 2771.. at London open, i woundnt be surprised to be back below 2694... the open was bearish
those who can, do. those who cant, talk about those who can
  • #88,700
  • May 16, 2012 8:48am May 16, 2012 8:48am
Quoting gatorinla
and yet the price is dropping... get below 1522.. that should be enough.. for more to bail and a large drop. .. buy at 1522.5, and don't hold it below 1522. of course their will be bounces..
Yep it's a mystery init. CB involvement maybe
16 traders viewing now