EURUSD

Euro have been acting very strange latly. Yesterday Spain was downgraded 3 notches and France was downgraded one notch however Euro is still holding. I don't think that Greece election will have this greet empact on the Euro!!
Any idea what is going on, putting asside the technical stuff.

if you don't take profit. there will be no profit.

scalping.. engulfing @ support..

Do you have other links? I couldn't open those, as a junior member can not perform this action.

Thanks

me either, except it will cost the ecb over a trillion. if they exit..

Everything I have achieved laughs in the face of your statement 'can't predict only react' see this and many other dispelled myths busted in my bio. 10vs hate me cause I turn their world upside down. everything they believed about trading, I proved wrong. Markets random they said, I gave em whole weeks of price action in advance. Cant predict to 5 points/pips at random point in future they said, I nailed it. Cant trade every turn and expect to survive they say, I've lead this room hour by hour for up to two weeks many times. I've forecast the Aug 2011 Dow double top and crash in January.

Imagine a chimp basic sign language up 1% different DNA to human astro physics Elliot wave and fib retrace hell. The methods I use and the tools at my disposal are like 1% up from Elliot and Fib, comparable to the difference between sign language and astrophysics. Some really cool stuff.

You have to know what the reactions are in each stage of a cycle to get the projection. I do it all the time with spectacular results. But I am lucky someone had a revelation and was kind enough to share it with me. I had to use it trial and error through all the cycle types to know what to do in each situation. Has been hard work and losses but well worth it now my documentation nearly finalized.

Also I have Identified the reversal signal that give the entry for cycle breakouts.

pretty much what we talked the other night..

http://www.project-syndicate.org/com...-as-we-know-it

BULL season is starting.....

haha, no ceiling and no bottom.

here's my understanding towards Forex or EUR/USD, is most days, the difference it seeks is 100 pips range. Even if the range seems quite stucked.

So if europe hours cannot bring it there, new york hours will. I see this happening most of the time, it has a high probability.

So bottom we have 1.25414. It eventually closed at 1.2632. Almost a 100 pips difference. When everyone thinks that 1.2620 as the highest level after Europe closed.

And today it opened with 1.2639 as high currently.

Daily PIvots


Options Expiry
EUR/USD - 100m 1.2490, 200m 1.2500, 100m 1.2560, 200m 1.2600, 100m 1.2800, 100m 1.2850

ECB President Draghi Speaks , hmmm i wonder what would he say

I see... no problem though, yes agreed the 1.2461 level is the first support, although I tend to target for the kind of swings like the one seen on 1.2350, thank you attila for the quick answer.

I'm writing this up for my sheeple on face book am I decoding it correctly?

This article on the front page of the TIMES ONLINE website today:

Chancellor (future tax payers) shores up (Enriches) the banksters with £100bn (your future blood sweat and tears)
Sam Fleming and Sam Coates (Big chief running mouth)
Updated 5 minutes ago

Britain’s stricken (destroyed by design) economy was thrown a lifeline (kicked the can down the road) of at least £100 billion yesterday as the Govern-ment (control-mind ) scrambled to prevent a new credit crunch (banks decreasing money supply, crash everything and buy it cheap. So we're printing money to oil the machinery this new money dilutes the value of all the existing money). In the most significant response to date to the threat of a euro breakup, the Chancellor (tax payers) and the Governor (tax payers) of the Bank of England (Fiat printing press) offered tens of billions of (your) pounds to (criminal) banks to boost lending (they wont lend you their money, so you are printing giving and paying interest on your own money) and help the sector to protect ITSELF (with your money) against a Greek exit. George Osborne (should understand all this and leading you to oblivion) said that the move proved that Britain was not powerless in the face of the eurozone crisis. ( we'll just print our way into further debt kicking the can down the road a bit longer) “The Government, (tax payer) with the help of the Bank of England, (Phony debt printing machine) will not stand on the sidelines and do nothing as the storm gathers,(while there's more wealth to extract from the sheeple)” he told a dinner at the Mansion House in the City of London. Sir Mervyn King said that the authorities were being forced to respond to a crisis that had “grown to cast a long shadow over our own recovery”. (THEY PLANNED THIS TO BRING ABOUT THE BABYLON NEW WORLD ORDER SYSTEM one family rules all the world) The aim of the scheme is to provide…(BLAH BLAH GO BACK TO SLEEP SHEEP)

So we'll be ok for a bit until the newly printed money runs out and has to be paid back with interest on top of the existing debt.

They will keep doing this until things are so bad we have to accept their NEW WORLD ORDER WORLD BANK WORLD TAX SYSTEM POLICE STATE CONTROL SYSTEM. They are Illegally destroying any sovereign nations that stand up to the world bank IMF.

“Sometimes these [military] actions — which undermine state sovereignty — could result in a fully-fledged regional war, and even — although I do not want to scare anyone — the use of a nuclear weapon,” Medvedev was quoted by AFP as saying on Thursday during a legal forum in Saint Petersburg.

Before the speech a man dressed in black tie tried to present the Chancellor with an exercise book with GCSE Maths written on the front. The man was pulled away from Mr Osborne and is not thought to have been arrested.

Shadow Chancellor Ed Balls said: “The Bank of England’s new funding for lending scheme is a significant admission that the government’s existing policies have failed. Businesses will be desperately hoping it is more successful than George Osborne’s Project Merlin and credit easing schemes which have actually seen net lending to businesses fall." http://www.zerohedge.com/

Its not strange.

1) SNB defending EUR/CHF.
2) Rumors of china cutting further rates
3) US have shit data, and more chances of QE.

Forexlive kept talking about buyers such as middle eastern. It may appear the big boys are pumping this up so it can fall again? Bull trap?

Note that, indices or stocks behave very fundamentally, sometimes in good data in the early start of the year, indices and stocks spike up within data release, and currency against JPY and USD rallied on positive data.

Now inversely on negative data they still rallied. Why? Because US has more chances of doing QE.

Gold was fundamentally affected, which cause the falling into 1525 zone. Gold is first indication of strength of currencies as for now how i observed them.

The minute gold rise or spike up even if its stalled at its resistance at 1640. Its still above 1600. USD is weaken in this sense that less people would likely to sell their currency against USD.

EUR found good support zone in 1.2290 if you realized how quickly it spiked up that day into 1.2460 and maintained it in that level in such quick action. Would be a lot of tech support and money happened to buy against USD that time. not just EUR but also other pairs.

Month may ended with negative result, Month June started with recovery. Just look at daily chart, the answers is pretty straight forward it has strong support. Don't just be too fundamentally affected by these noise such as news upgrade/downward.

Only price tell the real answers of moving average of buying/selling. Since it closed at that level, obviously the seller couldn't win or already stop out their position. Meaning also lesser seller eventually.

But here's how i look at this, today's action may be dramatic, as weekend it may alike this week opening with a gap 150 pips high up. We won't know how much the effect of greek election is going to bring.

I choose to stay out and to scalp quick profits in span of minutes in and out on a over-sold or over-bought period to prevent myself from any holding position.

I scalp cac40 indice, its safer to earn there then currency at such time.

rocks lead to rubber bullets, rubber turn to lead. soldiers desert. shit happens.. north verses south

i don't see the relevance, but ok.

Gator, it is nice to see you here in this thread after long time.

i will be gone when the kids slow up here.

Big Spike at Monday, hope thats clear for everybody.

Despite how the election went.

IF then the Gr. € exit is scheduled months far away.
At Sunday only a election happens. With more up and dond news to follow.

And, a € Gr. exit is so unlikely. And even if it happens, nothing happened..


Or, somebody has a different opinion ?

it don't matter when they exit. what matters is the bank run.. and is it going to spread to the other meds? then the shit hits the fan.
if you see a line at your bank.. get in line.