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  • #961
  • Nov 15, 2006 9:22pm Nov 15, 2006 9:22pm
Quoting merlin
im glad we dont have a stocks forum, because this would be considered illegal you know there were a bunch of incidents like this on elitetrader where people went to jail! lucky for us we dont have the power to move the market even if we were 50 times bigger!



actually, we could probably do it if we were 10x bigger LOL

but for the sake of legality, lets not try
aww shucks...well okay...if you say so....*call UBS up with a fake german accent*

jk
  • #962
  • Nov 18, 2006 7:05pm Nov 18, 2006 7:05pm
Hi all the traders and viewers. I invite you to share your views about the next eurusd move. Its gonna be bullish or bearish?
  • #963
  • Nov 18, 2006 7:08pm Nov 18, 2006 7:08pm
Bearish I say.
  • #964
  • Nov 18, 2006 7:52pm Nov 18, 2006 7:52pm
We need some good number out of Europe to break through the glass ceiling. But it looks like the trend is now turning south on this pair.
  • #965
  • Nov 18, 2006 8:02pm Nov 18, 2006 8:02pm
I'm with you, it's going south......
  • #966
  • Nov 18, 2006 8:08pm Nov 18, 2006 8:08pm
Quoting nitman
We need some good number out of Europe to break through the glass ceiling. But it looks like the trend is now turning south on this pair.
Is it childish if I ask you what do we mean by 'going south'?
  • #967
  • Nov 18, 2006 8:16pm Nov 18, 2006 8:16pm
Quoting Day Trader
Is it childish if I ask you what do we mean by 'going south'?
He means it's going down.

Btw, I think I'm the only one who thinks it's going 'north' so far.
"Even the word impossible says that I M possible"
  • #968
  • Nov 18, 2006 8:53pm Nov 18, 2006 8:53pm
For now I am not trading this pair, because I will not trade an opinion--even my own. My opinion is that it is gong down, but my indicators all say up. This probably means that it may go up another 50 pips or so before turning down.

In contrast, I will go long on cable because the indicators are saying strongly up and I believe that it may have 100 to 200 pips to go up, in other words worth trading. I would rather trade when my indicators and my opinion correspond and try to avoid trading when they are not in agreement.

If you are thinking about trading fiber, consider EUR/GBP instead, It is heading down and the indicators all say down. This is in keeping with fiber going down and cable going up for while so that here the indicators agree with my opinion.
  • #969
  • Nov 19, 2006 1:08am Nov 19, 2006 1:08am
Yeah, the run on Friday did not break the downward channel so it may still go down. But if there are good numbers from euro, the TL will break.



Quoting nitman
We need some good number out of Europe to break through the glass ceiling. But it looks like the trend is now turning south on this pair.
Target: Trading naked.
  • #970
  • Nov 19, 2006 1:29am Nov 19, 2006 1:29am
it's going down, but it probably will complete its bounce back up to 1.2830 before it does, and then stall at 1.2770, and then head down.
  • #971
  • Nov 19, 2006 2:42am Nov 19, 2006 2:42am
Quoting aicccia
it's going down, but it probably will complete its bounce back up to 1.2830 before it does, and then stall at 1.2770, and then head down.
what are you talking about dude? euro went high 1.2844 already... my classic selling zone is 1.2850-70

lets see what happen
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  • #972
  • Nov 19, 2006 3:05am Nov 19, 2006 3:05am
Quoting kenari05
what are you talking about dude? euro went high 1.2844 already... my classic selling zone is 1.2850-70

lets see what happen
highest price last friday is 1.2829 +/- 3 pips

correct me if wrong...
  • #973
  • Nov 19, 2006 4:14am Nov 19, 2006 4:14am
Quoting moonchild
For now I am not trading this pair, because I will not trade an opinion--even my own. My opinion is that it is gong down, but my indicators all say up. This probably means that it may go up another 50 pips or so before turning down.

In contrast, I will go long on cable because the indicators are saying strongly up and I believe that it may have 100 to 200 pips to go up, in other words worth trading. I would rather trade when my indicators and my opinion correspond and try to avoid trading when they are not in agreement.

If you are thinking about trading fiber, consider EUR/GBP instead, It is heading down and the indicators all say down. This is in keeping with fiber going down and cable going up for while so that here the indicators agree with my opinion.
Thats exactly what I think of this pair. It would probably go up 40/50 pips before it starts its downward move.
  • #974
  • Nov 19, 2006 6:47am Nov 19, 2006 6:47am
Ok, I must be crazy, because I hate predicting, but what the hell... I say it will go to 1.2696 on 11/20/2006.. how's that for specific? LOL

Who knows, maybe I got a shot... I also bet on the point spread on a game this week, so I'm feeling lucky...

Scott
  • #975
  • Nov 19, 2006 10:39am Nov 19, 2006 10:39am
Hi Scott,

WDG or EW or DP ? confluence??



Lou
  • #976
  • Nov 19, 2006 10:55am Nov 19, 2006 10:55am
Magic 8 Ball

NO seriously just looking at trend lines starting from Monthly down to 4 hours.
But most 8 Ball

Quoting Lou
Hi Scott,

WDG or EW or DP ? confluence??



Lou
  • #977
  • Nov 19, 2006 11:19am Nov 19, 2006 11:19am
When does a move become a trend? Seems like 'trend' gets used for a 50 pip change in price.

I think a trend has movement both in direction and time. A trend has duration as well.

Just my attitude.

Lou
  • #978
  • Nov 19, 2006 11:28am Nov 19, 2006 11:28am
Quoting smjones
Magic 8 Ball

NO seriously just looking at trend lines starting from Monthly down to 4 hours.
But most 8 Ball

I love it !!!

Scott. I see it now. " Friends, get that daytrader in your life a Traders Magic 8 Ball. Just ask the mystic 8 ball a question, shake it, and turn it over for an answer to the next trading decision". "This will be the answer to a perfectly unbiased system". Works with stocks, commodities and especially Forex. "Rush 19.95 now, in time for the Holidays".
  • #979
  • Nov 19, 2006 11:40am Nov 19, 2006 11:40am
Yes, the 8 Ball and also this.



Quoting Lou
I love it !!!

Scott. I see it now. " Friends, get that daytrader in your life a Traders Magic 8 Ball. Just ask the mystic 8 ball a question, shake it, and turn it over for an answer to the next trading decision". "This will be the answer to a perfectly unbiased system". Works with stocks, commodities and especially Forex. "Rush 19.95 now, in time for the Holidays".
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  • #980
  • Nov 19, 2006 11:48am Nov 19, 2006 11:48am
I just discussed this with my mentor and he seems to agree. He is a bit Grouchy though, so I don't like to bug him...
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