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15 Posts Total by "fxtrader8":
13 Posts by member
fxtrader8
(California, United States)
2 Posts by Anonymous "fxtrader8":
 
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fxtrader8
California, United States
Posts: 13
14 years ago
Jan 25, 2010 1:54
In Thread: More Euro Losses Ahead
Looking at the Euro/USD from the eyes of Elliott Wave structure the move from 1.4600 looks to be in a 4th wave consolidation at the moment -- so we should see a 5th wave move down to 1.3950 in the short term - (Hopefully by tomorrow), then we could see a correction before the next leg down begins. Should be a crazy week with FOMC and all the other data.
fxtrader8
California, United States
Posts: 13
14 years ago
Jan 20, 2010 15:41
In Thread: EUR Trade Index 18-Year Chart
As I posted last week on the Solar Eclipse -- it is showing it's effect 72 hours later. In July 2008 it created a bull move in the USD and it looks like the same is going on again. We have a real doom and gloom scenario unfolding as Gold, Stocks, and currencies are breaking down. Eclipses are known to create new bear and bull markets.
fxtrader8
California, United States
Posts: 13
14 years ago
Jan 17, 2010 16:38
In Thread: EUR Trade Index 18-Year Chart
I accidently posted this in the GBP/USD forum sorry about that.

The 1.4280(200 day moving average) and 1.4230 (lows of December 22, 2009) will be key in Euro/USD this week for more fresh downside. It would be a break of off a big Bear Flag Pattern with objective down to the 1.3500 area over the next few months. Adding to shorts shorts into 1.4430-14450 looks tempting.
fxtrader8
California, United States
Posts: 13
14 years ago
Jan 17, 2010 16:36
In Thread: GBP Trade Index 18-Year Chart
The 1.4280(200 day moving average) and 1.4230 (lows of December 22, 2009) will be key in Euro/USD this week for more fresh downside. It would be a break of off a big Bear Flag Pattern with objective down to the 1.3500 area over the next few months. Adding to shorts shorts into 1.4430-14450 looks tempting.
fxtrader8
California, United States
Posts: 13
14 years ago
Jan 15, 2010 15:06
In Thread: EUR Trade Index 18-Year Chart
Any of you trade on Elliot Wave analysis. I subscribe to elliot wave internationals weekly update letter and they are bullish on USDX . Based on their wave structure dollar index should start an multi month rally pushing the index to over the March 2009 highs, they also look at the equity market rally as a wave 2 bear market rally which means we are poised to go down in wave 3. Same goes for gold there wave counts show gold dropping to atleast $700.00
fxtrader8
California, United States
Posts: 13
14 years ago
Jan 15, 2010 3:18
In Thread: EUR Trade Index 18-Year Chart
Sorry its from commentary from forex.com's trading desk.
fxtrader8
California, United States
Posts: 13
14 years ago
Jan 15, 2010 3:06
In Thread: EUR Trade Index 18-Year Chart
The news was posted on forex.com forex insider posting from traders.
fxtrader8
California, United States
Posts: 13
14 years ago
Jan 15, 2010 2:40
In Thread: EUR Trade Index 18-Year Chart
Euro getting hit --- speculation that German Chancellor Merkel might resign.
fxtrader8
California, United States
Posts: 13
14 years ago
Jan 15, 2010 2:37
In Thread: EUR Trade Index 18-Year Chart
Mr. Laidi,

Could have been lunar in Q3 as there were a total of 6 eclipses last year -- I think last time we had this many in 1 year was 2000. Two weeks ago we had a Lunar eclipse and now this solar eclipse tomorrow so it is wise to watch for trend changes. Looking at the markets I think we need a trend change -- markets are getting boring with stocks going up everyday. Need some volitility.

Fxtrader8
fxtrader8
California, United States
Posts: 13
14 years ago
Jan 15, 2010 1:34
In Thread: EUR Trade Index 18-Year Chart
Sorry spelt your name wrong. Should be Mr. Laidi .
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