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  • #649,201
  • May 29, 2012 11:51pm May 29, 2012 11:51pm
hi to all,

ok, tell me direction of today! I want big pip ( kidding)
  • #649,202
  • May 29, 2012 11:51pm May 29, 2012 11:51pm
Quoting Nachiket
1.47 ??????????????????? woooooooooooooooooooooooooooooooo

that would leave a huge imbalance in the system and would take years to resolve. if they pump in 100 trillion dollars in the system that price is possible.
Check 2008 charts. Let me post one from my Chart thread.
The Thief of Wall Street
  • #649,203
  • May 29, 2012 11:52pm May 29, 2012 11:52pm
Quoting snprr
I'm short from 1.2176 sl: 1.2265. I took the position Friday
morning around 8AM EST. I wanted to trail the stop, but
fell asleep because of whacky sleeping patterns last week.
Luckily price didnt suddenly reverse on me through my stop
again. I'm thinking about moving the s/l asap to 1.2170, about
breakeven. I'll cover on another bounce around 1.1205 area,
but I'd like to leave the trade open and hopefully make some
decent gains on a break below 1.2060 area. I wish I wouldve
gotten in earlier, but have been focusing on the GBPUSD and
USDCHF...
few days back some stupid chaps were making fun of these levels. now where are they?
  • #649,204
  • May 29, 2012 11:53pm May 29, 2012 11:53pm
Quoting Nachiket
few days back some stupid chaps were making fun of these levels. now where are they?
this is the first thread of the forum
  • #649,205
  • May 29, 2012 11:54pm May 29, 2012 11:54pm
Quoting Chicky
Check 2008 charts. Let me post one from my Chart thread.
I think this is a Daily chart. Count the bars to know in how many days it went upto 1.4700 and then came back to 1.2500.

http://www.forexfactory.com/attachme...1&d=1254552871
The Thief of Wall Street
  • #649,206
  • May 29, 2012 11:57pm May 29, 2012 11:57pm
Quoting Chicky
I too see a big drop, but June 7 is the suspension cord limiting the drop to only few hundred points max.

This is what this market does many times. It did this in 2008 (remember that spike upto 1.47000 from this level?) and can do it again:

Chicky, your right, but that was then - the environment has changed

The US Economy was reeling from the housing mess, and the EUR was gaining strength due to additional countries joining the EZ


While I don't feel the US economy is going to rebound anytime soon, I don't think anyone believes the EZ is going to be able to stop this bloodletting

It wouldn't surprise me at all to see the month of June to range 300 pips in total, given the recent decline, however with all the new news of Spain coming in - we could be in for a faster decline than most people suspect


Bottom line - going long is good if your going to scalp, going short is best for trend trades
  • #649,207
  • May 29, 2012 11:59pm May 29, 2012 11:59pm
Quoting Nachiket
few days back some stupid chaps were making fun of these levels. now where are they?
Go home and look at your mirror
He posted this since 2004.
  • #649,208
  • May 29, 2012 11:59pm May 29, 2012 11:59pm
Quoting almo
Chicky, your right, but that was then - the environment has changed

The US Economy was reeling from the housing mess, and the EUR was gaining strength due to additional countries joining the EZ


While I don't feel the US economy is going to rebound anytime soon, I don't think anyone believes the EZ is going to be able to stop this bloodletting

It wouldn't surprise me at all to see the month of June to range 300 pips in total, given the recent decline, however with all the new news of Spain coming in - we could be in for a faster decline than...
How do we know either Euro is fucked or its going through normal teething issues?

If I buy euro now can demand delivery later.
The Thief of Wall Street
  • #649,209
  • May 30, 2012 12:02am May 30, 2012 12:02am
Quoting Chicky
How do we know Euro is fucked or its going through normal teething issues?
We know because Spain , Ireland, and Italy did not have the issues that they are currently experiencing


As for the teething - check when the EUR started officially trading until it broke parity
  • #649,210
  • May 30, 2012 12:04am May 30, 2012 12:04am
Quoting almo
We know because Spain , Ireland, and Italy did not have the issues that they are currently experiencing


As for the teething - check when the EUR started officially trading until it broke parity
LOL. I am trading this pair when it was German Mark.
The Thief of Wall Street
  • #649,211
  • May 30, 2012 12:05am May 30, 2012 12:05am
Quoting Chicky
Check 2008 charts. Let me post one from my Chart thread.
Oh, i check it, wonderful spike!!
  • #649,212
  • May 30, 2012 12:07am May 30, 2012 12:07am
Quoting Chicky
LOL. I am trading this pair when it was German Mark.
I wasn't trading forex during that time - out of curiosity, was there any negative effect when they combined the East and West German Marks?
  • #649,213
  • Edited 12:32am May 30, 2012 12:20am | Edited 12:32am
Quoting almo
I wasn't trading forex during that time - out of curiosity, was there any negative effect when they combined the East and West German Marks?
Many were confused until Euro broke 0.8800. Britain's hesitation created some doubts but it took its course anyway.

Euro has survived many issues in the past. This one will be difficult for Euro but certainly not the end for this only currency that has the potential to become a reserve currency. Who knows, euro structure becomes the only viable structure in the future and USA introduces Amero.

ps. I do not exactly remember what happened when they combined Marks, USD/JPY used to be my main focus at that time, however, if I correctly remember it was like Takeover, just like minority shareholders of a taken over company receive intrinsic value of stock. But I am not sure.
The Thief of Wall Street
  • #649,214
  • May 30, 2012 12:38am May 30, 2012 12:38am
Quoting Chicky
Many were confused until Euro broke 0.8800. Britain's hesitation created some doubts but it took its course anyway.

Euro has survived many issues in the past. This one will be difficult for Euro but certainly not the end for this only currency that has the potential to become a reserve currency. Who knows, euro structure becomes the only viable structure in the future and USA introduces Amero.

ps. I do not exactly remember what happened when they combined Marks, USD/JPY used to be my main focus at that time, however, if I correctly remember...
Thx Chicky -
  • #649,215
  • May 30, 2012 12:38am May 30, 2012 12:38am
Quoting Chicky
London open minutes away.

Who wants to go first?

http://chzgifs.files.wordpress.com/2.../sharks_sg.gif
Who went first?
The Thief of Wall Street
  • #649,216
  • May 30, 2012 12:45am May 30, 2012 12:45am
Quoting Chicky
Who went first?
That is too funny!


I guess I will - will be adding to my shorts if the opportunity presents itself
  • #649,217
  • May 30, 2012 12:45am May 30, 2012 12:45am
I did. Morning, guys.

And am still consolidating my position and adding more sells. The first TP target is 1.23, the second one is 1.21.
Please, just slap me around if I'm being silly ...
  • #649,218
  • May 30, 2012 12:47am May 30, 2012 12:47am
2461 has made a gud bottom here, so a close above 2481 might take us to the important 2521 again, but don't know when. Lets c.
  • #649,219
  • May 30, 2012 12:53am May 30, 2012 12:53am
Quoting daemon_delux
I did. Morning, guys.

And am still consolidating my position and adding more sells. The first TP target is 1.23, the second one is 1.21.
what up daemon.....just broke a long channel,,,"should" go down here....what you got tonight?
  • #649,220
  • May 30, 2012 12:55am May 30, 2012 12:55am
short 2470, tp 2420, sl 2520
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