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Awesome replied Jul 2, 2010Bad economic data from US usually causes US markets to go down which strengthens the dollar. Why was this thing dumping back in 2008 when banks were failing in US? Risk aversion..
EURUSD
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Awesome replied Jul 2, 2010euro/usd pair is usually correlated with stocks and commodities. Last few days correlation has completely broken down. Very rare you see this moving up this much in a straight line without any retrace. This is because any selling pressure is being ...
EURUSD
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Awesome replied Jul 2, 2010I came across these guys a few days ago: url They seem to offer everything on MT4, but demo expires after 30 days so I didn't bother. Maybe you can just sign up again after it expires?
EURUSD
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Awesome replied Jul 2, 2010Was just looking over that forexltd from gators post a few min ago. Looks like they have USDX and Indices in MT4 and offer a free unlimited demo. You might want to check them out if your looking for a good MT4 demo for charting. I'm gonna mess ...
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Awesome replied Jul 2, 2010If you don't mind my asking, who is your MT4 broker that gives you USDX and is that DJI tab I see on the bottom of your chart?
EURUSD
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Awesome replied Jul 1, 2010Did you see any signs of a 350 pip jump today? If you smell BS, a fresh pile of shit usually isn't far off.
EURUSD
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Awesome replied Jul 1, 2010I don't think anybody has confirmed anything, just speculation. They said on fast money that it looked like one large fund liquidating. All I know is 350pip move on absolutely nothing, actually given the fundamentals for the day I would have ...
EURUSD
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Awesome replied Jul 1, 2010Banks. They try to prop up the euro so they match any selling pressure. Notice how this pair is usually correlated with US markets? Notice how today it is only correlated with markets when they move up? They match selling pressure when markets are ...
EURUSD
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Awesome replied Jul 1, 2010I say we all chip in and hire a few busty escorts to seduce Bernanke, and then short the hell out of this thing.
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Awesome replied Jul 1, 2010I was talking about intervention. I've always felt like reversal patterns on larger TF's need to be supported by fundamentals. You talking about the pin bar on the monthly? You think this was the cause of this rally given the bad news out of US ...
EURUSD
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Awesome replied Jul 1, 2010S&P broke key resistance yesterday in combination with terrible housing and employment data from US, can figure something will be done sooner or later to prevent the freefall of US equities and euro. Still impossible to predict accurately enough to ...
EURUSD
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Awesome replied Jul 1, 2010Yep, amazing that dow down 100 during this rally. How much would it be down had they not propped this up?
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Awesome replied Jul 1, 2010Your classic BS manipulation rally. US wants euro up because it props up equities creating the illusion that they can wipe their own asses, and Europe wants euro up because they don't have a fucking clue. Coordinated effort between banks?
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Awesome replied Jul 1, 2010In market conditions like this I would trade small with larger stops if i were you. This BS rally will last just long enough to margin you out or cause you to panic sell before dropping again.
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Awesome replied Jul 1, 2010Yeah, I keep hearing people talk about reversal patterns and such on larger TFs. I still think this is all retrace and a full blown reversal needs to be supported by fundamentals which simply aren't there.
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Awesome replied Jul 1, 2010Rumor has it that ECB president "Jean-Claude Trichet", has recently come into possession of a magical genie. No word yet on whether he has exercised any of his 3 wishes, but the threat is there and most likely the cause of today's euro rally.
EURUSD
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Awesome replied Jun 30, 2010If the US markets keep going down its gonna be hard for this thing to make any kind of rally. The S&P broke a strong level today which leads me to believe the US markets are going to continue to fall for at least the next few days. This should give ...
EURUSD