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  • #661,781
  • Jun 25, 2012 4:25pm Jun 25, 2012 4:25pm
Quote
Since when did usa dollar became that strong with 6 dollars a galon milk and 3.50 a gallon gas with unemployment near 9 percent

Economy is improving. Milk is only $5.75 now and gas dropped to $3.25. Its all flowers and rainbows ahead. (sarcasm)
Why go long...When you can go short!
  • #661,782
  • Jun 25, 2012 4:36pm Jun 25, 2012 4:36pm
The question will be whether the Euro can make some larger retracements from the recent 61.80 fib extension on the 4-hour chart or whether the Euro is forming a new bear flag on the hourly/4-hour chart before resuming the down trend to the 100 % fib extension. The hourly 20 SMA currently provide some resistance.
  • #661,783
  • Jun 25, 2012 4:56pm Jun 25, 2012 4:56pm
Hello everyone,
I tried posting here once, but since I'm a newb, my first hello message ended up in moderation and appeared 6 pages late, before anybody got to read it.
Anyway, in essence, I wanted to pick your experienced brains a bit by asking you this:
Do you not think that atm, its extremely hard to judge which currency is actually more junk, the euro or the dollar? At this point dollar gets to play the role of "sound" money, a concept that would seem completely preposterous a couple of months ago. Both currencies are being diluted as we go along, and it seems that the huge eur/usd market is mostly about trading one form of junk for another.
But for now, how do you guys tell which one is the bigger flop? Judging by the media hype about the euro crisis? The "hawkish" fed stance? I'm deliberately using "" as all these things are smoke and mirrors to me. I've been trading for a couple of years now, and things seem more convoluted than I can remember them ever being. We can short and long all we want, but for now rallies/meltdows seem equally likely in my eyes.
How do you guys deal with this phenomena? I mean, which currency is more garbage, and is there a way of actually knowing this? To what extent are we being played by the media? If that's the case, shouldn't a contrarian stance with a healthy time lag (i.e. do the opposite, but not get ahead of ourselves) hold most potential for profit?
I hope this post is clear
happy trading
  • #661,784
  • Jun 25, 2012 5:03pm Jun 25, 2012 5:03pm
Hi guys i have kind a silly question How does gold effect eur/usd.. If it does..
  • #661,785
  • Jun 25, 2012 5:05pm Jun 25, 2012 5:05pm
Quoting Dza101
My view>

MA and MACD on H4 calls for SHORT heading to 1.236x



Quoting oundar
macd is giving `buy` at the moment for me. But no thanks. All i see is, if we finish over 1.2480 today all indicators will start to give bullish signals.I dont think it will go down much more because neither euro nor dollar is not strong and they will balance them self. Lets see our Asian brothers. I am very confident we will not see under 1.2380 (only 100 down) so there is nothing to loose for me to take long position.But but again i am saying they must show me over 1.2520 in steady trend My target is over 1.26 in 2 days.

based on what? I just...

i would read Dza101's comment - gl and be careful
  • #661,786
  • Jun 25, 2012 5:12pm Jun 25, 2012 5:12pm
Quoting eliteincome
Come on EUR feed the bulls,we can go up

Can not go down for ever,

Big pay day for me when it crawls back up,

come on banks pump a few trillion in an take out the sellers

who cares if they all lose there money

Its all about me an my account
Agreed but when is the question, not now I think
If you are new to Forex? Say Goodbye to your account!!
  • #661,787
  • Jun 25, 2012 6:25pm Jun 25, 2012 6:25pm
Quoting Kilgore T
Hello everyone,
I tried posting here once, but since I'm a newb, my first hello message ended up in moderation and appeared 6 pages late, before anybody got to read it.
Anyway, in essence, I wanted to pick your experienced brains a bit by asking you this:
Do you not think that atm, its extremely hard to judge which currency is actually more junk, the euro or the dollar? At this point dollar gets to play the role of "sound" money, a concept that would seem completely preposterous a couple of months ago. Both currencies are being diluted as...
Hi there,

You might think both currencies are junk, fine. But you need not bother yourself with that. No corporate body has the time to trade currencies. Fluctuations of a currency stems from the fact that instruments in the country's stock exchanges are quoted against the currency. The exchange of this stocks creates the supply/demand factor of the respective currency and this creates the imbalances in the quoted pairs. I can go on and on but I hope you grasp the little explanation.

Bothering over your post is trying to make trading complex for yourself. Don't bother about both being junk, just learn to know which one is hot and which one is not. Then trade accordingly.


All the best.
Motion
Don't just beat the markets, leave bruises.
  • #661,788
  • Jun 25, 2012 6:31pm Jun 25, 2012 6:31pm
anyone else in here gone long yet?

this cheap eur on the reaction is amazing.
  • #661,789
  • Jun 25, 2012 6:35pm Jun 25, 2012 6:35pm
Quoting todstars2
anyone else in here gone long yet?

this cheap eur on the reaction is amazing.
been long since 1.2479...not sure how long I'll hold it...this PA is very fishy have this feeling the bottom could drop at any moment....would like to see 1.2534 to short it or at least look for a short there... open to any opinions....
  • #661,790
  • Jun 25, 2012 6:43pm Jun 25, 2012 6:43pm
Quoting petehnm
been long since 1.2479...not sure how long I'll hold it...this PA is very fishy have this feeling the bottom could drop at any moment....would like to see 1.2534 to short it or at least look for a short there... open to any opinions....
looks like we might have caught the turn. cautiously optimistic
  • #661,791
  • Jun 25, 2012 6:48pm Jun 25, 2012 6:48pm
Quoting petehnm
been long since 1.2479...not sure how long I'll hold it...this PA is very fishy have this feeling the bottom could drop at any moment....would like to see 1.2534 to short it or at least look for a short there... open to any opinions....
The 8h TF says there's still and uptrend but you are right it's probably gonna drop at any moment.
  • #661,792
  • Jun 25, 2012 6:51pm Jun 25, 2012 6:51pm
Quoting klopfzeichen
The 8h TF says there's still and uptrend but you are right it's probably gonna drop at any moment.
Still waiting 1.2540 ... usually it not move much in the Asian session
  • #661,793
  • Jun 25, 2012 7:10pm Jun 25, 2012 7:10pm
Will let it run in case we break 2565 looking to short 541 565 expecting 2250 by Thursday.
Founder of Sutherland Wave Principle
  • #661,794
  • Jun 25, 2012 7:13pm Jun 25, 2012 7:13pm
starting to feel a bit more confident in 1.2534 and up...maybe1.2550 could be expecting to much with that one though..wonder what just caused that little pop up..
  • #661,795
  • Jun 25, 2012 7:25pm Jun 25, 2012 7:25pm
Going to try an S at 2542 if it gets there, 15 pip SL.
  • #661,796
  • Jun 25, 2012 7:25pm Jun 25, 2012 7:25pm
Quoting petehnm
starting to feel a bit more confident in 1.2534 and up...maybe1.2550 could be expecting to much with that one though..wonder what just caused that little pop up..
My TP is exactly in 1.2534.
  • #661,797
  • Jun 25, 2012 7:28pm Jun 25, 2012 7:28pm
Quoting bguguen
2480 will be an interesting level to watch according to Ichimoku on H4
Seems Legit...
and some one around were crucifying people for identifying a Major support level of 2470...
next time pls understand a level of support is usually a ranged band and in that case it as the range of 2480/2500, reaching to 2470 but closing back above is called an overflow and a failed attempt to break support... good luck folks...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #661,798
  • Jun 25, 2012 7:30pm Jun 25, 2012 7:30pm
Quoting klopfzeichen
My TP is exactly in 1.2534.
it's the .0236 fib line for me...i'm just wondering if we can make that... the market might be showing signs of lifting this beast up till the summit on Thursday then we'll see a big drop...it just seems like they're already arguing that nothings going to work and they haven't even met yet..
  • #661,799
  • Jun 25, 2012 7:41pm Jun 25, 2012 7:41pm
Quoting Kilgore T
Hello everyone,
I tried posting here once, but since I'm a newb, my first hello message ended up in moderation and appeared 6 pages late, before anybody got to read it.
Anyway, in essence, I wanted to pick your experienced brains a bit by asking you this:
Do you not think that atm, its extremely hard to judge which currency is actually more junk, the euro or the dollar? At this point dollar gets to play the role of "sound" money, a concept that would seem completely preposterous a couple of months ago. Both currencies are being diluted as we...
Both Junk, but fundamental risk at hand, USD get the ownage [US is 1 Big problem, but EUR is a basket currency problem, too many political inhouse drama]. But meanwhile, its still JPY that owns. After this issue get temporary soften, AUS and NZD will fly like crazy again.
  • #661,800
  • Jun 25, 2012 7:42pm Jun 25, 2012 7:42pm
They're already arguing nothing is going to work?
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