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  • #667,881
  • Jul 12, 2012 6:07am Jul 12, 2012 6:07am
Quoting Trader88q
so where is the bottom in that deep greenback ocean?? can anybody tell ?
Yes, the bottom will be reached, when mostly will think that is going further down.
"Men who can both be right and sit tight are uncommon."
  • #667,882
  • Jul 12, 2012 6:07am Jul 12, 2012 6:07am
agree with upper comment tha u.s will destroy.
no QE3
no resolution by eurogroup
no merkel will euro bond buying
only greece with sweet watermelons from creete.
  • #667,883
  • Jul 12, 2012 6:08am Jul 12, 2012 6:08am
Quoting KiwiTrada
fair call, but scalping I not was talking about,

like I said there is nice supports coming up, swissy 9876 relative eu 2131, if bull dos'nt start defending, hell, you will read all about it in the papers tomorrow
I hear you, make sense.
"Men who can both be right and sit tight are uncommon."
  • #667,884
  • Jul 12, 2012 6:09am Jul 12, 2012 6:09am
dont know why but its pleasure that euro falling.
its a hibrid currency that has no future.
believe me european union is cracking that very bad and they can do nothing.
  • #667,885
  • Jul 12, 2012 6:10am Jul 12, 2012 6:10am
Parity is very likely, everyone wants a weaker currency and when it does economy will pick up.
"Men who can both be right and sit tight are uncommon."
  • #667,886
  • Jul 12, 2012 6:11am Jul 12, 2012 6:11am
its like a boat with a lot of holes.
its hard to control all countries.
its bettet to have one contry and one central bank.
ECB is doing its hard job but its doesnt help to stabilize situation.
  • #667,887
  • Jul 12, 2012 6:12am Jul 12, 2012 6:12am
Quoting Trader88q
dont know why but its pleasure that euro falling.
its a hibrid currency that has no future.
believe me european union is cracking that very bad and they can do nothing.
they'll just start printing money like US
  • #667,888
  • Jul 12, 2012 6:13am Jul 12, 2012 6:13am
remember my formula after rate cut?
(1.25x0.025)-1.25=1.2187

i was rigth but i am wrong cause it will fall more
  • #667,889
  • Jul 12, 2012 6:15am Jul 12, 2012 6:15am
Quoting Trader88q
dont know why but its pleasure that euro falling.
its a hibrid currency that has no future.
believe me european union is cracking that very bad and they can do nothing.

euro value must come down to a more comfortable level in line with current situation...otherwise no growth...very simple..if they keep sticking with austerity that only means they are waiting for extra help ...huge drop explained
  • #667,890
  • Jul 12, 2012 6:15am Jul 12, 2012 6:15am
Quoting shmandi
they'll just start printing money like US
they will but not now. they will to that in september after summer holidays.
Mario will come back to printing mashine and will print a lot of euros.
At that TIME BERNANKE will use frozen QE3

Till that time euro will be f.. up to lowest levels ever.
  • #667,891
  • Jul 12, 2012 6:20am Jul 12, 2012 6:20am
Quoting Trader88q
they will but not now. they will to that in september after summer holidays.
Mario will come back to printing mashine and will print a lot of euros.
At that TIME BERNANKE will use frozen QE3

Till that time euro will be f.. up to lowest levels ever.
things will get better one day... if no other way, we'll need to change economic system or at least control leakage from buget... yes, eurusd can very likely go to parity, where it belongs. but that still doesnt mean colapse of EU
  • #667,892
  • Jul 12, 2012 6:24am Jul 12, 2012 6:24am
EUR/USD is gonna keep falling until we se some results of the rate cut..
  • #667,893
  • Jul 12, 2012 6:25am Jul 12, 2012 6:25am
Quoting shmandi
things will get better one day... if no other way, we'll need to change economic system or at least control leakage from buget... yes, eurusd can very likely go to parity, where it belongs. but that still doesnt mean colapse of EU
No way, the Germans will became more Italians and viceversa, it is already happening but very subtle.

By the way: The Germans say "We like the Italians but we do not like what they do". The Italians say "We do not like the Germans but we like what they do"
"Men who can both be right and sit tight are uncommon."
  • #667,894
  • Jul 12, 2012 6:25am Jul 12, 2012 6:25am
Quoting shmandi
things will get better one day... if no other way, we'll need to change economic system or at least control leakage from buget... yes, eurusd can very likely go to parity, where it belongs. but that still doesnt mean colapse of EU
collapse is coming by the end of the 2012 greece will leave the zone.
did u see what finland and nedherlands are thinking about that zone??

its just need one detonation and all can blow up in seconds.
  • #667,895
  • Jul 12, 2012 6:27am Jul 12, 2012 6:27am
Quoting Mike8
I hear you, make sense.
yup forex is not easy, making bad trades is

If you watching 5 pair tracking roughly in sync and they all trending down, possability they will continue down is high, when they in turn start to react, bounce, form reversal patterns, etc etc 1 after the other, is high probability will have consolidation, sideways, ping pong, once one starts to either continue original path aka, make a new low, then the next then the next etc, is high probability they will continue, same for moving opposite way
Presently they all tracking down however they are also starting to near their respective supports, the reaction of all is important, but not critical, if wanting a early entry 1 move 2 move 3 looks like moving either way but in sync, can get nice entry, safest is wait all go into sync, as you say, depend on your risk appetite / style

For now is best to know their next respective levels, then watch the reactions, be patient and wait, selling here or buying is not worth the risk.

This is what gator does, he very good at fine tuning levels, and calculates the reaction possabilities for each repective levels, just readed some dick head suggest he not predict market just trade it, wtf is that, probably the most consistant and accurate trader in ff, baffles me where some peoples come from under rocks

waiting usa open
If you are new to Forex? Say Goodbye to your account!!
  • #667,896
  • Jul 12, 2012 6:29am Jul 12, 2012 6:29am
another thing.
big guys dont trade dailly. they are investing.
suppose buying euros at very lows and waits 1,2,3,4,5,-12 mounths till it reaches high levels.

dont u think that investing is more profitablle then dailly trading?
cause i calculated that if suppose u buy 1000k euros for 35 real Euros
u need 140 real euros in your account to hold that position if u are wrong by 1000 pips.

my idea is to buy or sell currency and wait not 100-200 pips but 500-700 pips? what do u think?
  • #667,897
  • Jul 12, 2012 6:30am Jul 12, 2012 6:30am
Quoting Trader88q
dont know why but its pleasure that euro falling.
its a hibrid currency that has no future.
believe me european union is cracking that very bad and they can do nothing.
With the greatest respect, you are paying too much attention to what you hear and read. The doomsters just love to write off the euro at every opportunity. Personally, I don't really bother myself with the wide scope of opinions out there. The euro's falling, so let it fall and try and profit from it, because as traders, that's all we are interested in. Pull up a monthly chart, and you'll see that compared to 2002, the euro is way above what it was then vs the dollar. The last four years have just seen it in range. We are just above the monthly 200SMA, and look what happened to the euro last time it hit that1n 2010. It may well drop straight through it, but do we care, because the beauty of trading is that we can make money whichever way it goes. Better just to trade what you see, and leave the economists and the politicians carry on with the rest.
  • #667,898
  • Jul 12, 2012 6:31am Jul 12, 2012 6:31am
Quoting Trader88q
collapse is coming by the end of the 2012 greece will leave the zone.
did u see what finland and nedherlands are thinking about that zone??

its just need one detonation and all can blow up in seconds.
i don't think greeks are that stupid... if thay leave, greece will collapse not EU. but until they sort uot those fat asses stealing countrys money, the will have big problem paying for debt. similar thing happening in our country. we could be rich if not so much corruption and all the stealing and exausting country owned companies and banks
  • #667,899
  • Jul 12, 2012 6:35am Jul 12, 2012 6:35am
Quoting KiwiTrada
yup forex is not easy, making bad trades is


For now is best to know their next respective levels, then watch the reactions, be patient and wait, selling here or buying is not worth the risk.

This is what gator does, he very good at fine tuning levels, and calculates the reaction possabilities for each repective levels, just readed some dick head suggest he not predict market just trade it, wtf is that, probably the most consistant and accurate trader in ff, baffles me where some peoples come from under rocks

waiting usa open

100 % agree.
You can remain irrational longer than you can remain solvent.
  • #667,900
  • Jul 12, 2012 6:42am Jul 12, 2012 6:42am
Quoting KiwiTrada
yup forex is not easy, making bad trades is

If you watching 5 pair tracking roughly in sync and they all trending down, possability they will continue down is high, when they in turn start to react, bounce, form reversal patterns, etc etc 1 after the other, is high probability will have consolidation, sideways, ping pong, once one starts to either continue original path aka, make a new low, then the next then the next etc, is high probability they will continue, same for moving opposite way
Presently they all tracking down however they are...
I can see that gator know his sh1t, he knows his levels, is not predicting, he is trading.

What I say is this, predication can blind you, can narrow your view.

I saw many traders loose money on audusd today, she went up yesterday because of China and they bought speculating/predicting that she was going further up, today because of poor numbers they got stopped out.

Why have a view of were she is going to go and not trade her in both ways?

Done for the day.
"Men who can both be right and sit tight are uncommon."
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