View Poll Results: What impact will the ECB Rate Decision have on the Euro?
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Send Euro Higher!
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Send the Euro Lower!
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Will have no effect.
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03-02-2010, 03:06 PM #29026  Originally Posted by 4xis2ez  EurUsd will probably rally strongly now, and wipe out the ones trying "career trades". What is that mean "career trades"?
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03-02-2010, 03:41 PM #29027 Originally Posted by adam6655nyc What is that mean "career trades"? They are trying to do a big trade from which if profitable, they can then retire for the rest of their life. Like that guy named Paulson who shorted the sub prime market a couple years ago and made about 3 billion dollars for himself in about 18 months time.
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03-02-2010, 03:52 PM #29028
I find it hard to believe that anyone is manipulating the euro. Traders have tried and had some success in colluding to manipulate the smaller emerging market currencies with less float and volume. Does anyone really think that even large hedge funds could control a currency as liquid as the euro?
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03-02-2010, 03:57 PM #29029 Originally Posted by 4xis2ez They are trying to do a big trade from which if profitable, they can then retire for the rest of their life. Like that guy named Paulson who shorted the sub prime market a couple years ago and made about 3 billion dollars for himself in about 18 months time.
He went long in March too, and now he is shorting home builder again
He is a genius, he start shorting two years before the plunge (2006 when everyone was busy with the bull market) these people deserve to win, they see something and they go for it, way before it is obvious for the rest of us.
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03-02-2010, 03:59 PM #29030 Originally Posted by Steve125 They know where to send their resumes after their eligible for that pension. The DOJ was captured years ago and failed to carry out it's function as a thrid branch. That's why the other 2 branches run wild. It's all a horse and pony show. If I don't post again soon I was taken to Cuba.LOL  Are you still alive lol? they are on the top of their game, they will investigate FXCM for opening your account, they will request all your trades and figure out why eur/USD is going down lol
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03-02-2010, 03:59 PM #29031 Originally Posted by Mary R I find it hard to believe that anyone is manipulating the euro. Traders have tried and had some success in colluding to manipulate the smaller emerging market currencies with less float and volume. Does anyone really think that even large hedge funds could control a currency as liquid as the euro? Nope.
I agree, they can't influence the EUR/USD even if they wanted to.
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03-02-2010, 04:41 PM #29032 Originally Posted by adam6655nyc Are you still alive lol? they are on the top of their game, they will investigate FXCM for opening your account, they will request all your trades and figure out why eur/USD is going down lol LOL, I'm still alive, thanks for checking. I guess I would have to confess to being a free market capitalist. Uh oh Uh oh! .
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03-02-2010, 04:46 PM #29033 A couple of decades ago, George Soros shorted gbp and made a few billion dollars doing so. Anybody remember that?
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03-02-2010, 04:50 PM #29034 Originally Posted by 4xis2ez A couple of decades ago, George Soros shorted gbp and made a few billion dollars doing so. Anybody remember that? Black Wednesday - Wikipedia, the free encyclopedia
http://www.articlesbase.com/finance-...nd-137964.html
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03-02-2010, 04:59 PM #29035 Originally Posted by 4xis2ez He also went on every show that would have him in order to badmouth the USD, right after he got all his dollarshorts in. However, in that case, his shorts turned around and bit his a**.
He was under the impression that the world would follow anything he said.
Live Long And Prosper!
Rickos.
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03-02-2010, 05:04 PM #29036 Originally Posted by 4xis2ez A couple of decades ago, George Soros shorted gbp and made a few billion dollars doing so. Anybody remember that? I do. He didn't even get his full trade in before the BOE caved. You could argue his observations from then could now apply to the Euro. How can the ECB orchestrate a single monetary policy for multiple economies going in very obvious opposite directions with independent social philosophys that appear now to conflict? Anyone have 15 Billion?
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03-02-2010, 09:22 PM #29037
The price currently testing previous resistance 1.3650.
Lets see what happens from here
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03-02-2010, 09:52 PM #29038
1 Possible Scenario
If we are starting Retrace 2 on the big move down from 1.51 then ......
IF it can make it to the 78.6% @ 1.4334 the extension from both this and the last retrace would complete together at about 1.3080 - 1.3050.
Just for fun
Last edited by Steve125; 04-20-2010 at 04:54 PM.
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03-02-2010, 10:34 PM #29039
Steve,
Your post is on a larger time frame.
How do you see the present retrace from 1.3440?
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03-03-2010, 02:00 AM #29040
I think E/U has 1 more dive left it in to 1.3000. Maybe even 1.2500. Of course anything can happen. I will be looking for a short though close to the trendline. So far have been playing E/U in a range. E/U weekly looks kind of like a Triangle formation but we'll see i guess.
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