You dont need word to post a chart. I use irfanview. If you do not have it then you can download it for free at http://www.irfanview.com/

You don't need MS word. Simply take a screen cap of your graph by hitting "Print screen" on your keyboard.

Copy-paste that into an image editing program. My preferred program for this quick and simple stuff is this guy (It's free): http://www.download.com/IrfanView/30...ml?tag=lst-0-1

Make sure the image is no wider than 750 pixels wide (else part of the image will be hidden by the ads to the right). In IrFan, just hit Ctrl+R and set width to 750.

Save the file as a .gif.

Go to attachments below the post, add attachment, add your graph.

I just made that sound a lot more complicated than it really is.

Word on the street is that someone in europe just made a huge sell in EUR/USD.

That's confirmed. A German bank to be exact, followed by a French name....

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Is it a Coincidence that the US dollar, Canadian Dollar, Oil and Gold are Breaking Significant Levels at the Same Time?

Find out where we think EUR/USD, USD/CAD and AUD/USD are headed next

Thrifty? No, I just like to capitalize on opportunity. Most of the time.

I will agree with you on the fact that the EUR/USD shouldn't be where it is. I'll also agree that it should reverse. I'll even further agree with all of your statements regarding how a Euro at this level is crushing to the French, and damaging to many of the EMU members.

Doesn't change the fact that the currency will go up until it decides to come down. And no amount of shouting at the rain will amount to anything. The market will continue to remain irrational. Second guessing as to the why it is behaving this way is - at best - a waste of time.

I would also introduce that in going this high, the Euro is sowing the seeds to it's own destruction. The EMU is doomed for failure - I firmly believe it. When is a whole 'nother ballgame. But I've been following a blog/information site based on this theory and read some good papers on the topic. If someone wanted to create a sub forum, I would be happy to engage in this topic. But it's not for the EUR/USD pair analysis thread.

Perhaps that is the stuborn side of me. I know soon it will come down. I would be very greatful if you could direct me to that website. The information I have been dissecting and digesting over the past few months has been quite frightening to say the least. Unless they do something soon, everyone will move to America.

retired - you know damn well that EURUSD is not going to turn down until you capitulate, don't you?

just bailed on half euppy longs at 161.34. hopefully to see 161.57 getting printed and calling off the day..

thanks all, will try the irfan view and will find out how it goes..
hmm. maybe i should have hanged on to the fiber short. my target off 66 is almost here....

__________________
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us—
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...

"Patience is virtue" and all that, stryker.

There's no use arguing how Euro will fall retired, people will only see the trend.
I'm bearish on Euro too, but still waiting for a confirmation of a turn to short. I think the best way is to let the bulls have their way for now. When everyone believes that Euro will keep going up...we know what happens

Edit : Just read that Sarkozy is talking about how the ECB should cut rates.

Well, to quote something I read this morning from another research desk:

"Yesterday we heard the view that currencies are now fairly simple: you go long those where policy mistakes haven't been made, and short the others. It's working pretty well so far. "

I somewhat doubt Sarkozy will be sitting on the ECB Governing Council anytime soon ;-)

Yeah I mean let everyone do that, keep driving the Euro up, then we will see the cracks on the economy. Of course you will need a huge stop loss if you were shorting. The best case scenario is the Euro shoots up by 0.0100 everyday, then we will see how the ECB reacts to that. In a fundamental point of view, they can afford to cut rates now if they are planning to start a war with Iran, as if the war ever starts, the US and Euro are probably forced to hike their interest rates.

I'm just like a tired bear telling the bull to go ahead and do what he wants until he gets tired.
Of course as a trader you probably want to be long in this case

On another note from a trading point of view, if most of the retail traders are long euros, obviously we'll start seeing signals to sell euros. This happens at the end of trends from an elliotician's point of view, so the more retail traders switching to long the better. Bears like me and retired should just keep quiet and let everyone else jump onto the long euro wagon because there is no arguement for selling euros. Or maybe we should join in the Euro cheering squad too, of course we can go long too for small profits

What I was trying to say if the above confused anyone is that, if there was no logical arguements on why we should sell euros, then people would buy. Retired is providing the arguement and I don't know how many people listens to him and short Euros too but let's say he did not argue about it and the same people that would have shorted Euro went long instead. We might have an SSI indicator saying 90% of retail traders going long

“The news value of Sarkozy’s critique is zero. And it also has zero influence on the ECB.” – September 17, 2007
Axel Weber, European Central Bank Governing Council Member

Retired,

Can we post links on this forum? If so, I'll post that site. If not, PM me.