High so far: 1.4730
Hello to all, first, thanks to Nina for this great system.
Im still using demo, and planning to go live once i get more experience and confidence. i am still on the page 200 of the thread, so still there is a way to go.
I would like to be in touch with people using this system.
If anybody want to add me, my messenger is BlackPhoenix@live.com.ar and later i will add a skype account with the same name.
Or if some of you meet on a chatroom maybe i could join.
Thanks in advance.
FOREX is a non regulated market. That means brokers do they best to take your money away.
Lind Waldock has a forex section regulated (I hope) Lind-Waldock: Commodity Futures Brokers
I don't trust trade forex anymore.Hope ECN will low the commisions.
All targets achieved.
My last post with targets is dated 11-07-07 (7852)
I've been very busy and I couldn't post more levels.
From 1.4775, its way up is this:
1.4795 - 1.4830 - 1.4843- 1.4860 - 1.4879- 1.4890 - 1.4925- 1.4950 - 1.4967- 1.4990 - 1.5000 - 1.5020 - 1.5050 - 1.5069 - 1.5085.
On Friday, EURUSD made a high at 1.4966 (03:32cet).
Once that all time high was made, the pair kept going down slowly till Trichet appearance: "brutal", he said. And at 09:00cet, when London opened, EURUSD went down to 1.4781 (185 pips from the high).
So, as you can imagine, that "brutal" down move was not made by retail traders nor wannabe traders or demo ones. At the same time, $ was bought aggressively.
What does all that mean?
Banks and Trichet's friends are up there protecting 1.5000. For how long?
Has EURUSD made the last high? They know it; we do not.
If we draw Fibos from 16-08-07 to yesterday high, we have:
1.4580 - 1.4348 - 1.4157/126 (50%)- 1.3965.
For me, level to watch now is 1.4770. We should see that level while below 1.4879. If 1.4770 breaks, EURUSD will be set to go to 1.4635. We'll see then. If they keep selling it, we'll see 1.4580.
Take care, mates.
PS: We should take into account that Friday was a "thin" day. It seems that the first battle to stop EU has won by ECB officials. But FOMC will make more cuts and that is not $ supportive. So, we could see EURUSD above 1.5000 this week if what we saw on Friday was only an easy move on a thin day.
Hi agree with Nina and you .
I am also considering to go there
FX Spot Equivalent Futures (SEFs) - U.S. Futures Exchange provides individual investors with a new way to participate in the global currency market with the introduction of FX Spot Equivalent Futures. SEFs replicate spot foreign exchange markets in a U.S. regulated exchange environment.
U.S. Futures Exchange
Estimate range : 28/11/2007
EURUSD : 1.4760~1.4870
USDJPY : 107.80~108.90
GBPUSD : 2.0600~2.0740
USDCHF : 1.1000~1.1100
Low on EURUSD: 1.4626.
YOU GUYS ARE GOING TO LOL WHEN I START POSTING HERE I HAVE BEEN GONE SINCE MAY BUT SINCE MAY 100PIPS AT LEAST DAILY. OFF OF MY THEORY
i want to start trading with catfx?
from where could i start help me plz?????
EURUSD made a low at 1,4524 (06-12-07). What now?
If we draw fibos from 1,4966 to 1.4524, we'll see that its 38.2 is at 1,4692. Its 50 is at 1,4744 and its 61.8 is at 1,4796. Then, we have its 76.4 at 1,4861.
For me now, as long as it keeps above 1,4589 - 1,4500, it is set to go to 1,4675 - 1,4695- 1,4730 - 1,4780.
It is mandatory now that EU breaks 1,4780, cause if it does not, it could go down hard. Once cleared 1,4780, if it is the case, it will have to fight with its 61.8 fibo at 1,4796.
So, as you see, EU could go to 1,5000 again, but its way up won't be easy. If they want it that way, of course.