Thread: EUR/USD going to fall BIG

Hello everybody, I'm relatively new to FX and I have come to the conclusion which indiors and EA's aren't worth the harddrive space they occupy. I believe it's time to cut the crap and start reading the writing on the wall (aka Financial Times) and seeking to interpret it for the truth.

I'm still a newbie and there is no reason you should hear me without doubt more seasoned traders will heckle me and jeer me when I'm wrong but I believe the Euro is in for a massive fall over the upcoming few months.

I state this for two reasons:

1) I had a dream that its likely to happen. (Yes, I dream about FX )
2) EURUSD has been stuck at a ranging market for the last few months and the price must go someplace earlier or later. Just taking a look at the chart I could almost see it. And I'm talking about a Massive fall. (down to late 20's, early 30's at least, but possibly much lower)

OK that there are some other reasons... US economy seems to be getting from the resession quicker than Europe. China aren't likely to sell their US dollar reserves as the other nations will only snap them up at bargain prices. In addition to all that the US has a leader that we really hear. The EU doesn't have a leader until the Lisbon refferendum is voted in. Strong nations need a powerful leader, but even a weak leader is much better than no leader in any way.

I will be taking this trade myself (not in demonstration mode) and when my prediction turns out to be correct I may add more lots in the upcoming weeks.

Try Lucid Dreaming, and see where that takes you

Originally Posted by ;

I knew I should not have said the dreaming...

Lol. The point is that the Weekly/Daily chart is all about as bullish as can be.

Having said that, Fx is not efficient (no market really is). It might well be that there are some goblins who've yet to reveal themselves out of the EU banks' cabinets. Nobody really knows.

Sounds good to me.... ALL IN !

Originally Posted by ;

Hello everybody, I'm relatively new to forex and I have come to the conclusion that indiors and EA's are not worth the harddrive space they inhabit. I believe it's time to cut the crap and start reading the writing on the wall (aka Financial Times) and seeking to interpret it to the truth.

I'm still a newbie and there is no reason you should listen to me and no doubt more seasoned traders will heckle me and jeer me when I'm wrong but I think that the Euro is in for a massive fall during the next few months.

I say this for two reasons:

1) I had a dream...

Originally Posted by ;

Hi everyone, I am relatively new to Currency Market and I have come to the conclusion which indiors and EA's are not worth the harddrive space they occupy. I think that it's time to cut the crap and start studying the writing on the wall (aka Financial Times) and seeking to translate it to the reality.

I am still a newbie and there is no reason you should hear me without doubt more seasoned traders will heckle me and jeer me when I am wrong but I think the Euro is in for a huge fall over the next few months.

I state this for 2 reasons:

1) I had a dream...

I dont believe ur dre.... However, I do believe eu likely to drop

Originally Posted by ;

Sometimes I dream and I can feel a major spike...

From 1 fellow pervert to another.... I believe I should remind you.... You're being obscene

I gotta spike too!!! Want hear about it?

Originally Posted by ;

Along with that the US has a leader that we actually listen to.

That is going to cause the value of the dollar to fall like a rock, not increase. We might find a correction and a higher dollar over the next month or two, however if Obama gets his way with this spending that the dollar is going to devalue quicker than you wake up from your prophetic dre...

Originally Posted by ;

I say this for two reasons:

1) I had a dream that its going to happen. (Yes, I dream about Currency Market )

2) EURUSD was stuck at a ranging market for the last couple of weeks and the price must go someplace earlier or later....

That I dunno about the dream. Sorry, it really does not matter. But, the second element is completely spot on.

Up or down, it will go somewhere sooner or later.

It got real silent last summer and bounced across the 150's for a range of weeks
and then BAM! We watched a five year proceed in 3 weeks, on the order of over 3000 pips between July and October.

Thus these type of things can and do happen.

Do not let the dreaming part cloud your decision. A fairly good transfer IS likely.
Market coils up for days, weeks, even months at a time until one day the stops go off and the market goes.
Once upon a time, we traded 120. We have not seen it for sometime today.
Only a year ago, 150 was taken for granted. Has not been back since.

Once it moves, it realy moves.

Therefore a move is worth a solid bet, only be flexible on management so you can go along to your joyride,
which ever way it decides to break. It is all great.

The fundamentals are against your dream, that is for sure.

We may see some Dollar love again which could lead to low 1.3x maximum (!) But these levels will be buys. Personally I'd buy everything below 1.38 and could go all in at 1.37 (of course having a stop afterward ).

BTW: I had a dream a couple of weeks back where I entered a long from the USD/JPY about 90 and it fell to 10!

Not saying the fantasy thing is all bullsh*t.

I too occasionally fantasy about forex, however only the majors:

I remember it was something similar to this....