Thread: Closed: Discuss EUR/USD News with a DailyFX Analyst

Originally Posted by Ikee

Hi Eska. Please explain!! Not sure what you mean. Thanks

For to understand would have require to interpret critical levels and pattern in greater degree. Simple number of peak and dip place not enough to interpret and measure these, they pin point and no pin in map.

Euro/USD is good this last two weeks with over 500 pips profit each one. Much time I spend in determine expect and is think that 1..4490/1.4500 begin big volatile and maybe is last 1/2 weeks. Target pips maybe need add positions to hit but stops must be tight or trader patient which ever way trade is, long/short.

Originally Posted by SkiBunny

At least he puts a scale to the issue of your fiscal deathwatch.

For one thing you need to eliminate defense spending but unfortunately he does not go there. But two wise generals from different eras and places warned:

"Beware the military-industrial complex"
- American five-star General Dwight Eisenhower in his farewell address as US President

"There is no instance of a nation benefiting from prolonged warfare"
- Ancient Chinese General Sun Tzu in Section 2 of The Art of War, the greatest military strategist in history

If the US dollar is on a perpetual downward death spiral then why do the Chinese continue to peg their currency to the US dollar?

Originally Posted by Mary R

A good solution would be to muzzle Paul Ryan

Mary! You surprise me. Why muzzle a man who makes perfect sense.
I gave you credit for having a sound fiscal knowledge and a good feel for the Currency market.
Is it because you disagree with what Ryan has to say, or are you a closet Liberal who would criticize
the man for political reasons only. Say it isn't so!

Ski Bunny! If your avatar represents who you are, unlike other female avatars on the forum, I would say look to other military budgets such as China, Russia, Iran, before you ask us to disarm.
As for me , I have no problem with what we spend for Defense, but wish to Hell we'd get our Asses out of every part of the middle East. With one exception. Back Israel to the Hilt. They are the only true ally we have in the middle east. I was going to say Arab World, but we have none there.

Observation: Looking at all the charts and listening to the opinions, feels like absolutely everyone has moved to the Long side. I wonder if this is an indicator of the top being near?

Just My Sunday Morning non trading time whatever.

Originally Posted by Mary R

If the US dollar is on a perpetual downward death spiral then why do the Chinese continue to peg their currency to the US dollar?

Mary R !
Gold'll touch 1500 tomorow .US exports inflation to the world .
U'd better believe .

Originally Posted by Eska

Euro/USD is good this last two weeks with over 500 pips profit each one. Much time I spend in determine expect and is think that 1..4490/1.4500 begin big volatile and maybe is last 1/2 weeks. Target pips maybe need add positions to hit but stops must be tight or trader patient which ever way trade is, long/short.

Doesn't Elliotists talk about extensions? Possible? Any limits?

With the Fed buying 70% of govt debt this is looking like a meltdown in the making. Funny how the Euro is criticized as a single unit currency, unable to cope with each nations unique situation and yet we are expected to have a single currency as the world reserve? weird The guys at LTCM were laughed at for having a system with only 5 years worth of data, which is why it failed. 40 years of fiat currency is not long either, but it is a consistent expiry period for fiats of the past.
I used to think this guys was a little nutty but he keeps getting it right:
The Inflationary Depression Moves Foreward Relentlessly | International Forecaster Weekly Bob Chapman The International Forcaster | Economy News | Investing | US Market Information | Gold | Silver | Wall Street Bailouts | Investment Trends | Money Re

Originally Posted by melvyn

Anyone having problems logging into fxcm tradestation? I installed their new updates as requested on my laptop and desktop and get the same error message saying, "the requested operation can not be carried out because the handle supplied is not in the correct state." Must be a problem on their end I'm assuming.

Me too, I ready update my FXCM trading station, them a recive the same message " the .... is not the correct state"

Make sure you're not trying to sign in in the Demo mode.
After the update the program defaults to demo on the sign in screen.

Originally Posted by Spartan_Forex

i got a new alt that i like better my last chart had us in wave 5 of 5. its better for a wave 3 of 5 with top around 14485

hey spartan... i ve been lookin at ur chart , ur wave count on 3rd wave seems a bit shakey, it doesnt meet with the Cardinal rule ``wave three cannot be the shortest wave among 1, 3 and 5, your wave 3 seems shorter then wave 1,
in my opinion wave 3 suppose to be ending at where the price is right now, almost 1.4465 which is 1.618% of ur wave 1,

correct me if im wrong,

Happy trading.....

Originally Posted by bill2759

Mary! You surprise me. Why muzzle a man who makes perfect sense.
I gave you credit for having a sound fiscal knowledge and a good feel for the Currency market.
Is it because you disagree with what Ryan has to say, or are you a closet Liberal who would criticize
the man for political reasons only. Say it isn't so!

Ski Bunny! If your avatar represents who you are, unlike other female avatars on the forum, I would say look to other military budgets such as China, Russia, Iran, before you ask us to disarm.
As for me , I have no problem with what we spend for Defense, but wish to Hell we'd get our Asses out of every part of the middle East. With one exception. Back Israel to the Hilt. They are the only true ally we have in the middle east. I was going to say Arab World, but we have none there.

Observation: Looking at all the charts and listening to the opinions, feels like absolutely everyone has moved to the Long side. I wonder if this is an indicator of the top being near?

Just My Sunday Morning non trading time whatever.

A closet liberal? Not really, I vote for the smartest candidate regardless of party affiliation. At the local level I usually vote for the conservatives. At the federal level I think the Democratic party is less obnoxious at the present time. But if i am liberal about some issues, I wouldn't hide in the closet I would come out and admit it.

The fact is the US is going to have to impose an austerity budget which is going to get tougher in the future. I think anyone with any common sense sees that. there are just too many baby boomers hitting retirement age. They will probably have to push the age at which people receive social security and medicare from 65 to 70, because people are living longer. The budget cuts and tax reforms are just starting, and will likely continue for decades to come. But this is not just true in the US, its true in most developed nations with aging populations. Some of them have it far worse than the US.

Originally Posted by straty01

With the Fed buying 70% of govt debt this is looking like a meltdown in the making. Funny how the Euro is criticized as a single unit currency, unable to cope with each nations unique situation and yet we are expected to have a single currency as the world reserve? weird The guys at LTCM were laughed at for having a system with only 5 years worth of data, which is why it failed. 40 years of fiat currency is not long either, but it is a consistent expiry period for fiats of the past.
I used to think this guys was a little nutty but he keeps getting it right:
The Inflationary Depression Moves Foreward Relentlessly | International Forecaster Weekly Bob Chapman The International Forcaster | Economy News | Investing | US Market Information | Gold | Silver | Wall Street Bailouts | Investment Trends | Money Re

That's not really true - the total US debt is over $14 trillion. The Fed is buying $600 billion, less than ten percent. But maybe their motivation is different what most people think - maybe they're trying to create the impression that the dollar is on a downward spiral to drive the Chinese crazy and get them to remove the currency peg to the buck.

Originally Posted by Ikee

Which will it be ?? will the Euro roll over at 1.46 or 1.48 ?? which do you believe? black line or yellow line. Maybe neither.
Either way the MacD should tell us on the 1st of May. Noteing how erratic the Euro has been since June 2010 it would not surprise me to see a retracement to 1.40 before the push to 1.48. Hard to believe we are in a down trend.

If you want to analyze a chart of timeframe such magnitude, I can tell you that the correction is not over yet, based on the low below 0.9 to the high of 1.6, and it's advisable to short with a 2000 pips stop loss, aiming for parity. But I'm not sure if I'm still alive then to enjoy the rewards. To analyse 2 decimal points figure, the low at 1.1+ may be a good starting point, and all I can see is a uptrend on the daily chart, but it's "too high" to be long now Better to wait for opportunity to short!

Originally Posted by Paul Chin

Doesn't Elliotists talk about extensions? Possible? Any limits?

Kochanie, yes this correct. I switched to ALT1 count as the pattern was in clearly favour the view that have but present wave extend beyond critical level and become now is invalidate. Only option left is Primary 1 count and for me this is good for pattern in grand super cycle be defined now, and all intermediate cycles. Presently is two limits in relative for next move in present cycle and all cycles. Is possible about 1.4490/1.4500 that we have some big volatile which may test these limits but is likely more that only one will be tested.

Originally Posted by Paul Chin

If you want to analyze a chart of timeframe such magnitude, I can tell you that the correction is not over yet, based on the low below 0.9 to the high of 1.6, and it's advisable to short with a 2000 pips stop loss, aiming for parity. But I'm not sure if I'm still alive then to enjoy the rewards. To analyse 2 decimal points figure, the low at 1.1+ may be a good starting point, and all I can see is a uptrend on the daily chart, but it's "too high" to be long now Better to wait for opportunity to short!

No 2000 pips, is 200. Eska see already 2 major oportunitie for long positions ahead but better too it would be to wait if situation is unknown. Better this than having to close positions in loss and with no view and hope yes??????????