I Agree 100%!

Hi,

I found this out the hard way a very long time ago, and just want to share it.

The world doesn`t want the USA to fail, because then it would destroy "the Dream" what everyone thinks is the best idea. and if the USA fails, then there is no hope left for the world.

Having said that, the USA is in a terrible position, but not everyone wants to beleive it, they can`t. so here is what happens: any some what good news for the USA sparks that American dream and people put all their faith in the US. and only when it comes out that it`s not all that, then it reverts to it`s origial state.

I remember when the housing crisis first came out, the dollar actually got stronger in a small spike before it collapsed against the Euro. so even with extremely bad news the people thought the USA would be good because words of hope were said in the statement.

Same thing here, people read weakening EURO zone as a word of hope for the US, so they went CRAZY (on account of the chocolate) and we got the craze. now all of the people will realize that "hey, nothing is actually changing" and the upward trend will carry on after a while.

it also all depends on oil price and sentiment about interest rates, but the word of hope has done it`s damage! -

*watch to see if russia ends up in fights with USA because of the war (will be funny if bush says "there is no reason to go to war, and it should be avoided at any and every cost" - "unless they have oil , uh, i mean a terrorist force and nuclear capability"

thanks
GGunit

Some years back, I would have TOTALLY agreed with you. But, as of late, the US no longer stands for a dream, is no longer regarded as the world champion. The United States had, and still has the might to stand up for what is RIGHT in world affairs. It has chosen not to, anymore. It uses double, triple, quadruple standards. I still love the US very much. But, it has lost my respect!

What absolute nonsense! I suppose I should know better by now, but the idea that obvious wackjobs like yourself actually trade forex never fails to surprise me. I mean seriously, "the American dream?" You must be joking.

"if the USA fails, then there is no hope left for the world..."

You are the kind of moron that gives us Americans a bad name.

Shudder.

Folks, I believe that what we have in this market is clear signs of a market that lacks direction. This market is trying to regain some kind of direction and all we are getting good at whipsaws. I have received signals to go long as well to go short; in both ocassions all I gotten is stop losses. No clear signs of overall market direction. It probably will not be until tomorrow for clear market direction.Grrrr

Although is slightly trading bullish, it is still no clear evidence that a long trend reversal has been set in motion. GL to everyone!!!

I believe, and am pretty convinced, that we were whacked by the Feds. The Fed found that is was time for a stronger dollar. There were some speculations about that and the US even promised it to a few countries, like China. Now, the fact that this coincides with a war in Russia worries me a bit. I wonder what advantage the US has at this moment with a stronger dollar. But, with that being the case, they are setting themselves up for a rate hike.
The leading indicators are all going into the right direction, however there is still a lot of bad news expected form the US.
Banks are also slowly getting back on their feet and risk appetite is increasing.
I believe that we'll see 1.48 before we see 1.55 again. Then again, I could be wrong.

Fish tells it like it is.
And Flguy....you're rite. Daily will produce a 'doji' when EUR closes at about 1,50, which signals indecision.
Short term resistance at 1,5020, support 1,4990 now.
For scalping purposes only.
Hasta la ..... ?

Thats the best of the best days for daytraders... A clear intraday triple bottom in early EU session signalled a clean up trend of 100 pips and then down again another 100 pips... Now waiting of the outcome of an apparently ascending triangle. If it is broken, upside trend is up again with target around 1,51 else main down trend continues.

Are you in any way related to George W ??

Hey Dude !
How is it?
Bloomberg.com: Worldwide

Cant see any reason for the fed to hike. Read my lips: NO RATE HIKE.
For those who have Bloomberg: FFIP.
For those who have not: a week ago 34 % probability that the fed would hike on Sept 16. Currently thats 20 %
You may be right: maybe we'll see 1,48 before 1,55
But I think we will see 1,5150 before we see 1,4850.
Its nice in here, isn't it? I am off. Long in at 1,4990. We'll see.
Ajeto!

Uhm have you ever hear of, people run first and ask questions later. i never said the "american dream" was good, just that people do that.

Yes it does influence trading, i don`t particulary like the US economy. but it happens. people hear news and then trade, after that they ask questions and then the market corrects itself to indicators.

You saying you never trade based on understanding mass psychology? you say you never force yourself to think like an average person to understand the trade.

if for example 3000 000 people trade based on a sentiment, and i sure hope
i understand what they are thinking.

And if you don`t want to understand mass market psychology, then go ahead and trade during non news weeks, cause that is the only place you will survive.


GGunit

This is nonsense..

The world knows exactly what America is and it has nothing to do with a dream. The only people that don't know what America is, is Americans. I am an American but in no way subscribe to this kind of propaganda.

We are a country that simply lives beyond our means and uses back door deals with tyrants to raid third world countries of their resources as one of our means to do it.

The other is to get countries that do the most business with us to buy our debt so we can have the largest military in the world to deter nations from disagreeing with us.

We are as much slaves in America as the rest of the world only we have a higher standard of living than some because we are allowed and encouraged to carry an enormous amount of debt that could never be paid.

I agree, it amazes me that someone with this train of thought is trading currencies. I hope this person has a lot of money to lose or is very lucky.

triangle broken down.
short @4978 SL 5020 limit 4928

Yes, we had 2 triangles here. First on 1min chart signalling @ 1,5 and confirming @ 1,499. Second on 5min chart were you placed it. But big move will be on break of triple support line @ 1,4948 on 15min chart.... 1,492 and lower on sight.

You got it right. But 1.4900 should hold for the day. I don't know.

Edit: good support at 1.4930 though.