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  • #744,661
  • Jan 10, 2013 11:40pm Jan 10, 2013 11:40pm
i agree..thanks for input
Quoting fdjauzak
I think we should forget about retracing, The price has found some kind of support at 1.3255, It'll continue climbing :-D

http://primuspersada.com/images/suppp.png
  • #744,662
  • Jan 10, 2013 11:47pm Jan 10, 2013 11:47pm
Quoting Ihate2lose
Many big banks around the world will start to sell USD before the debt ceiling event. Turkey, Thai, Brazil, e.t.c because no bank is stupid enough to hold usd at that time.
R u sure about that ?! Banks are not currencies worshipers , they like to buy cheap and sell high. Now guess what looks cheap to buy ! and imagine if it gets cheaper , what would happen !

* Just noticed a a bullish cloud on the weekly chart - if Euro close the week here - i will go to search abit on that and come back.
"It's the Margin, Stupid."
  • #744,663
  • Jan 10, 2013 11:50pm Jan 10, 2013 11:50pm
Quoting Ihate2lose
Many big banks around the world will start to sell USD before the debt ceiling event. Turkey, Thai, Brazil, e.t.c because no bank is stupid enough to hold usd at that time.
And that plays right into the US's plan, the Fed wants a weaker dollar to stimulate growth. Don't buy into to the all the Main Street media hype, they just wanna boost ratings & have zero clue about what's going on. Bottom line is the economic data suggest the US on a a road to recovery albeit small but definitely on the right path.
It works till it doesn't
  • #744,664
  • Jan 10, 2013 11:53pm Jan 10, 2013 11:53pm
Quoting DaEdge
And that plays right into the US's plan, the Fed wants a weaker dollar to stimulate growth. Don't buy into to the all the Main Street media hype, they just wanna boost ratings & have zero clue about what's going on. Bottom line is the economic data suggest the US on a a road to recovery albeit small but definitely on the right path.
And how expensive Euro fits Europe plan ?!
"It's the Margin, Stupid."
  • #744,665
  • Jan 10, 2013 11:54pm Jan 10, 2013 11:54pm
Don't like fast move 200+ up is Up Normal for 1 day
No long 4 me above 3160 i will b watching and waiting
  • #744,666
  • Jan 10, 2013 11:55pm Jan 10, 2013 11:55pm
Quoting Jay Walker
The Chinese government still grins and bears it.
Of course they do because there smart & they reap the benefits of it. They get to flood the biggest market in the world with there products & pay barely any tariffs because they lend us money. Then they profit from the sale of there products. Sounds like a no brainier to me.
It works till it doesn't
  • #744,667
  • Jan 10, 2013 11:59pm Jan 10, 2013 11:59pm
Quoting Vachus
And how expensive Euro fits Europe plan ?!
To be honest I think it has more to do with the fact that the US needs to recover before Europe will be able to recover. Just because the value of a countries currency is high does not mean there in good shape. Just look at the yen there's a reason why there weakening it.
It works till it doesn't
  • #744,668
  • Jan 11, 2013 12:02am Jan 11, 2013 12:02am
I think, 1.3300 will work as grade resistance level...http://i47.tinypic.com/55o8c6.gif
  • #744,669
  • Jan 11, 2013 12:03am Jan 11, 2013 12:03am
Quoting DaEdge
Of course they do because there smart & they reap the benefits of it. They get to flood the biggest market in the world with there products & pay barely any tariffs because they lend us money. Then they profit from the sale of there products. Sounds like a no brainier to me.
Thanks for the edgy advice Brother DaEdge. But I was already preached at during choir practice.
Not all sins are created equal
  • #744,670
  • Jan 11, 2013 12:09am Jan 11, 2013 12:09am
Quoting Jay Walker
Thanks for the edgy advice Brother DaEdge. But I was already preached at during choir practice.
Anytime. Btw if you have any children you need baptized let me know Ill cut you a good deal on a group rate.
It works till it doesn't
  • #744,671
  • Jan 11, 2013 12:10am Jan 11, 2013 12:10am
Market in a consolidation mode. See you next week. Happy weekend to you all.
forexpillariscipline & patience Trader
  • #744,672
  • Jan 11, 2013 12:11am Jan 11, 2013 12:11am
8 hours and mostly flat, I slept only 3 hours last night, wanna rest a lil bit. good luck Forex Elders.
  • #744,673
  • Jan 11, 2013 12:12am Jan 11, 2013 12:12am
Quoting DaEdge
To be honest I think it has more to do with the fact that the US needs to recover before Europe will be able to recover. Just because the value of a countries currency is high does not mean there in good shape. Just look at the yen there's a reason why there weakening it.
USA & Europe are both in Recovery mode - no question about that , But they are recovering from huge loses and a weak economy to be sustained. The question become how this recovery will accelerate and bring growth without cheap currencies ?! USA has a strong economy but so is Europe and Asia ... an expensive Euro doesn't fit at all in Germany's day dreaming , and a very cheap one will get the Americans on the spikes ! So, in this race to bottom - someone has to stay up for the other to go down !( Which by any means not possible) So, i still haven't found an answer to that and i will share it.
"It's the Margin, Stupid."
  • #744,674
  • Jan 11, 2013 12:13am Jan 11, 2013 12:13am
Quoting attila
dropbox is a great application. I love it.
I just DL it for iPad so many people I know swear by it.
It works till it doesn't
  • #744,675
  • Jan 11, 2013 12:15am Jan 11, 2013 12:15am
Quoting DaEdge
Anytime. Btw if you have any children you need baptized let me know Ill cut you a good deal on a group rate.
Can you baptize them if they're in a kleenex?
Not all sins are created equal
  • #744,676
  • Jan 11, 2013 12:18am Jan 11, 2013 12:18am
Quoting Vachus
USA & Europe are both in Recovery mode - no question about that , But they are recovering from huge loses and a weak economy to be sustained. The question become how this recovery will accelerate and bring growth without cheap currencies ?! USA has a strong economy but so is Europe and Asia ... an expensive Euro doesn't fit at all in Germany's day dreaming , and a very cheap one will get the Americans on the spikes ! So, in this race to bottom - someone has to stay up for the other to go down !( Which by any means not possible) So, i still...
The only way it happens is if one recovers before the other. IMO the US goes first its a larger market & probably the lesser of 2 evils.
It works till it doesn't
  • #744,677
  • Jan 11, 2013 12:20am Jan 11, 2013 12:20am
Quoting Jay Walker
Can you baptize them if they're in a kleenex?
Wouldn't be the first time.
It works till it doesn't
  • #744,678
  • Jan 11, 2013 12:23am Jan 11, 2013 12:23am
what is going on this is nearly a bit too much for a newby like me to understand
  • #744,679
  • Jan 11, 2013 12:25am Jan 11, 2013 12:25am
Quoting KiwiTrada
yes, kiwi just tapped the ltl of the falling wedge 8421 I took a little more off there, , so waiting time now, aussie cable are the same, watching geppy, my guess some taking some nice profit and looking for a better price to reload , 143 21 will be interesting level to see reaction, if it dosnt hold, will help my shorts kick start

look like kiwi aussie finally about to roll over offf cliff
If you are new to Forex? Say Goodbye to your account!!
  • #744,680
  • Jan 11, 2013 12:37am Jan 11, 2013 12:37am
Quoting MaxDoom
a retrace to 53 would be nice - below 35 would give problems for further up move today
so we finally see 53 problem is that it is now a new day
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