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  • #1,011,481
  • Jul 20, 2015 7:48pm Jul 20, 2015 7:48pm
Quoting KiwiTrada
{quote} Fed has always been stupid to everyones eyeballs whilst in fact the shareholders can not lose either way, usa will boom or bust, they win either wayamerican people need to wake the fukup
kiwi test next resistance im thinking she will take it and fly an dumping nicely
If you are new to Forex? Say Goodbye to your account!!
  • #1,011,482
  • Jul 20, 2015 7:52pm Jul 20, 2015 7:52pm
Quoting Leinadgnow
Think we bottomed here for now. 1.081 proved an okay support. Put in my orders for a dead cat bounce to about 1.095, 2 standard lots. Buy at 1.0815, stops at 1.08, tp at 1.095
agree 108 is key support.Dbl bottom as well
Key is UJ she dives lower it will trigger corrections on UC NZD AUD GU as well
So far UJ is holding to 1.24
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 46 KB
In trading, you have to be defensive and aggressive at the same time
  • #1,011,483
  • Jul 20, 2015 7:54pm Jul 20, 2015 7:54pm
Quoting KiwiTrada
{quote} Fed has always been stupid to everyones eyeballs whilst in fact the shareholders can not lose either way, usa will boom or bust, they win either wayamerican people need to wake the fukup
my thought exactly. As long as they become richer and richer, who care the rest poor people of the country? The Fed themselves are bankers, and the goal of bankers is to make money from people.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #1,011,484
  • Jul 20, 2015 7:55pm Jul 20, 2015 7:55pm
Quoting Davit
{quote} agree 108 is key support.Dbl bottom as well Key is UJ she dives lower it will trigger corrections on UC NZD AUD GU as well So far UJ is holding to 1.24 {image}
yep thinking positioning going on prior to minutes release
If you are new to Forex? Say Goodbye to your account!!
  • #1,011,485
  • Jul 20, 2015 7:58pm Jul 20, 2015 7:58pm
Quoting KiwiTrada
{quote} Fed has always been stupid to everyones eyeballs whilst in fact the shareholders can not lose either way, usa will boom or bust, they win either wayamerican people need to wake the fukup
Watched the Senate hearing and I felt like puking.Seriously we need a real conservative in White house.Someone who stops spinning numbers.
93million Americans are out of labor market highest since 1977 and we are talking IR hike...
Not to mention 8.8% are underemployed walmart part timers.
In trading, you have to be defensive and aggressive at the same time
  • #1,011,486
  • Jul 20, 2015 8:00pm Jul 20, 2015 8:00pm
Quoting Davit
What is amazing how Yellen kept dropping IT hike and this keeps inflating USD further and further up making very own economic recovery in jeopardy. Once Oil breaks 50 expect thousands of people losing their jobs in N,Dakota,Texas,Oklahoma that's just oil industry which Steel industry is depended upon as far as steel prices and pipe orders filled from oil.So thousands more in Steel. Thousands more jobs lost in exports and meanwhile we will be the only idiots consciously and knowingly dig a bigger hole which would nullify last 6years of efforts to...
This is a very valuable point to consider when looking at the trend we have here. Very wise man you are Davit
All posts are my personal opinion
  • #1,011,487
  • Jul 20, 2015 8:00pm Jul 20, 2015 8:00pm
Quoting Davit
{quote} Watched the Senate hearing and I felt like puking.Seriously we need a real conservative in White house.Someone who stops spinning numbers. 93million Americans are out of labor market highest since 1977 and we are talking IR hike... Not to mention 8.8% are underemployed walmart part timers.
only spin doctors can make a balloon look like a blossom
If you are new to Forex? Say Goodbye to your account!!
  • #1,011,488
  • Jul 20, 2015 8:02pm Jul 20, 2015 8:02pm
UJ short setup.

cluster of fib relationships: 0.786 retracement; 1.272 extension; 1.0 projection.
short area: now to 124.6/124.7

target purple line and its 1.272 extension, luxury target 1.618 extension of purple line.

Attached Image (click to enlarge)
Click to Enlarge Name: UJ-2015-07-20 19:42:28.png Size: 64 KB
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #1,011,489
  • Jul 20, 2015 8:08pm Jul 20, 2015 8:08pm
Quoting Rtm
{quote} This is a very valuable point to consider when looking at the trend we have here. Very wise man you are Davit
I am waiting opertunity to start selling USD.
Biting my time until it starts
Regards
In trading, you have to be defensive and aggressive at the same time
  • #1,011,490
  • Jul 20, 2015 8:09pm Jul 20, 2015 8:09pm
Quoting ffleo
UJ short setup. cluster of fib relationships: 0.786 retracement; 1.272 extension; 1.0 projection. short area: now to 124.6/124.7 target purple line and its 1.272 extension, luxury target 1.618 extension of purple line. {image}
omg what os is that??? Windows 95 or ms-dos. Hey the eighties called...They want their computer back. Goteem!
A man is what he thinks about all day long. - Ralph Waldo Emerson
  • #1,011,491
  • Jul 20, 2015 8:12pm Jul 20, 2015 8:12pm
Quoting KiwiTrada
{quote} kiwi test next resistance im thinking she will take it and fly an dumping nicely
yes bull flag formed
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #1,011,492
  • Jul 20, 2015 8:15pm Jul 20, 2015 8:15pm
Quoting fxrustyspoon
{quote} omg what os is that??? Windows 95 or ms-dos. Hey the eighties called...They want their computer back. Goteem!
what is wrong?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #1,011,493
  • Jul 20, 2015 8:16pm Jul 20, 2015 8:16pm
Great article worth reading how Cheap oil is so dangerous.
http://www.investopedia.com/articles...oil-prices.asp
Companies Affected Most by Low Oil Prices

Look at right and scroll how all these none oil companies effected by cheap oil basically all in red.

"
Oil companies are not alone in feeling the pain of low oil. Manufacturers and industrial companies are also feeling the pinch as this industry is responsible for supplying the materials to build and expand oil drilling operations. Oil producers are not undertaking new projects at the moment and are instead cutting back production. Makers of steel, machinery and machine parts, and heavy equipment are all affected.
U.S. Steel (X) and ArcelorMittal (MT), two of the world's largest steel producers have seen their shares drop around 30% over the past six months. Caterpillar (CAT), which supplies heavy earth movers and other industrial vehicles to the oil industry, is down 18% over the same period. Halliburton (HAL), a diversified company specializing in oil field services to support the energy industry, is down 36.31%. Another company in the oil services sector, Schlumberger (SLB) is down nearly 21%."

I remember Yellen was asked why cheap gas prices didn't make people to spend more money and her answer was "I am puzzled as well"
This is how out of touch Feds are with reality.
In trading, you have to be defensive and aggressive at the same time
  • #1,011,494
  • Jul 20, 2015 8:21pm Jul 20, 2015 8:21pm
Quoting Davit
Great article worth reading how Cheap oil is so dangerous. http://www.investopedia.com/articles...oil-prices.asp Companies Affected Most by Low Oil Prices Look at right and scroll how all these none oil companies effected by cheap oil basically all in red.
the US should just stop oil production and buy oil from abroad. save oil under american soil for future generations.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #1,011,495
  • Jul 20, 2015 8:21pm Jul 20, 2015 8:21pm
Quoting Deliciouspip
{quote} lets say US said they were about to hike rates, Greece is in debt (2% of EU GDP) but ELA must continue and the QE, yes US economy has been stopping but, their crisis is not here (yet) that was more a consolidation of a bigger trend than a reversal imo dont forget to look USD index {image}
add germany's.. the big bright emu light.. has 3% of its gdp based in china.. see where aud is headed..
http://www.bloomberg.com/news/articl...ime-since-2005
those who can, do. those who cant, talk about those who can
  • #1,011,496
  • Jul 20, 2015 8:36pm Jul 20, 2015 8:36pm
Quoting Davit
What is amazing how Yellen kept dropping IT hike and this keeps inflating USD further and further up making very own economic recovery in jeopardy. Once Oil breaks 50 expect thousands of people losing their jobs in N,Dakota,Texas,Oklahoma that's just oil industry which Steel industry is depended upon as far as steel prices and pipe orders filled from oil.So thousands more in Steel. Thousands more jobs lost in exports and meanwhile we will be the only idiots consciously and knowingly dig a bigger hole which would nullify last 6years of efforts to...
some people lose jobs in oil, while others gain jobs in manufacturing with cheaper energy. its not as bad as some make it out as..freeing money spent on fuel/plastic causes money spent on other things. some companies fuel money may be spent on new trucks etc.. whats lost will probably be gained in multiples. each action has a reaction
those who can, do. those who cant, talk about those who can
  • #1,011,497
  • Jul 20, 2015 8:45pm Jul 20, 2015 8:45pm
Quoting AkMaLiTo
Looks like the price will complete the butterfly pattern to gain momentum in order to test the triangle breakout resistance! By the way guys, can I get your feedback about how you calculate the retracement percentages for the different harmonic patterns? To explain my question better, lets take the butterfly as an example. Do you guys treat the BC retracement of AB, as an either .382 "or" .866, or "between" .382 & .886 ? Most of the websites say that it's either .382 "or" .866, in case it's .386 then CD should be 1.618, and in case it's .866 then...
Anyone ?
  • #1,011,498
  • Jul 20, 2015 9:10pm Jul 20, 2015 9:10pm
Quoting gatorinla
{quote} some people lose jobs in oil, while others gain jobs in manufacturing with cheaper energy. its not as bad as some make it out as..freeing money spent on fuel/plastic causes money spent on other things. some companies fuel money may be spent on new trucks etc.. whats lost will probably be gained in multiples. each action has a reaction
Hi G
There is qualitative difference of losing high paying good jobs vs low paying.Cheap oil does effect manufacturing including auto industry by way of stronger dollar cheaper exports.After certain threshold even auto makers will seize to make profit should cheaper currency nations dumping cheap exports in US.
OIl=Dollar relationship is most acute on multiple industries.
I have not read any article yet that oil at 52 has sprung up economic boom to particular industry vs the losses in manufacturing and oil industry.What you are applying is relativism but I prefer substantive evidence to support your view..
Regards
In trading, you have to be defensive and aggressive at the same time
  • #1,011,499
  • Edited 9:30pm Jul 20, 2015 9:17pm | Edited 9:30pm
looking forward to short USDCAD at 1.30100 / 1.30200 today. i'm after 10 - 20 pips only, so there should not be a big risk involved.
  • #1,011,500
  • Jul 20, 2015 9:22pm Jul 20, 2015 9:22pm
Quoting Davit
Great article worth reading how Cheap oil is so dangerous. http://www.investopedia.com/articles...oil-prices.asp Companies Affected Most by Low Oil Prices Look at right and scroll how all these none oil companies effected by cheap oil basically all in red. " Oil companies are not alone in feeling the pain of low oil. Manufacturers and industrial companies are also feeling the pinch as this industry is responsible for supplying the materials to build and expand oil drilling operations. Oil...
cat is mainly a chi/aila play.. its been dropping with copper/gold (mineral commodities) mines for years.. its and relation has been posted for years. its nothing new and little related. cats in a downtrend.. it bounced and is continuing the lower lower trend.. steel drop, why not? china is building less. less need for china construction. means less steel. concrete, copper, etc, worldwide. in turn price drops on those producing stocks.. all this was posted years ago about china, via copper, walmart, and cat... charts were provide and the aud/commodity pairs have slid since.. if one wants to research it.. its all there.
those who can, do. those who cant, talk about those who can
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