FOREX TRADERS

[ultimatepick]

Dude, no matter how shitty the numbers out of the US are, there is no way the people holding US dollars will let their money go down in value. You gotta look at the big picture. The housing numbers are down in the US and they are so ALL OVER THE WORLD. If the US goes down so will the rest of the world.
The way I see it .... people are more scared of the US having a HARD LANDING than anything else. That is why they bailed the week of nov 6-10and sold off the dollar. The releases this week showed that if the US will go down it will be soft.

I am not saying the EUR will go down to 1.20 .... it will down a couple hundered pips where we can make lots of money and then possibly go up.