Can Cable Going down to 2.00 in this week?
But the real question is why you would want to know what someone else thinks?
What one of us thinks or all of us here thinks is immaterial.
The "market" is the one that decides.
- #18,101
- Jul 10, 2007 2:45pm Jul 10, 2007 2:45pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
- #18,105
- Jul 10, 2007 3:17pm Jul 10, 2007 3:17pm
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
I rubbed my eyes and understood that hell I am a dumbass.
Why place a pending order out of market hours with 0 confirmation?
The answer to this is emotions(the spiraling of) human nature(greed)
BUT ALL THIS INFORMATION is worth zip without a self awareness and deep introspective towards actions generated by our emotional centre, the most primitive part of our brain. This part unfortunately always has a head start over our neo-cortex- new brain which makes "logical" decisions based on emotional precedents
I did short, and went bust fast. Had a stop at 2.0147(just above last week's weekly bar)
No technical evidence supports this, trend is up, why be stubborn and short pathetic retracements.
Fundamentals? Already priced in, I'm not watching the news, I'm watching price action. The news is ALL in there.
This wasn't learned through winning.
Ciao.
Bob Blong
I AM SO GLAD TO SEE THERE IS SOMEONE HERE WHO HAS WOKEN UP!
*hugs*
You're right on track my man, just keep on trucking down that same old road.
(wouldn't place a "blind" long order without a setup though, tsk tsk, you yourself just started the paragraph writing "Why place a pending order out of market hours with 0 confirmation?")
Everyone here should read the quoted in bold around 500 times and then reread it
......and then re-read it.
Bob, I assume you have since you mentioned the pin bar, but if you haven't yet then check out the James16 price action thread.
Take care.
Trust price. Know yourself.
- #18,111
- Jul 10, 2007 3:51pm Jul 10, 2007 3:51pm
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
- #18,112
- Jul 10, 2007 3:53pm Jul 10, 2007 3:53pm
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
"Millionaires don't use astrology, billionaires do"
- #18,113
- Jul 10, 2007 3:54pm Jul 10, 2007 3:54pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
- #18,117
- Jul 10, 2007 4:09pm Jul 10, 2007 4:09pm
- | Joined May 2007 | Status: Trader | 4,716 Posts
Hi Turtle
Sounds like we trade in a similar style.................
I am not currently in a trade, tp earlier today from my long of Friday, wish tho I kept a little on the table....never mind, made some healthy pips already..
I sure wish I did leave some on the table. I even miss a chance to buy on the dip when it came back down to 2.0228.
No problem, I cashed out all trades in the positive today, so I'm excited
. Just waiting to see if this bull run is still looking to climb even higher
- #18,118
- Jul 10, 2007 4:13pm Jul 10, 2007 4:13pm
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
Today it was all about the dollar. The USD-index is now at 80.8, well below the critical 81.5, which I called the attention here.
Every tick dollar goes lower, the tendency is to accelerate, since a major, big, monstrous support (the 81.50) is gone.
The wave counters can give us the target, but I read 80.40 is primmary target from the current move (2004 low), what gives us Euro at about 3800, UJ mid/low-121 and cable following suit (test of 0300s?).
Then, only then, a correction can be on the cards.
It just makes no sense a pair breaking all-time highs (like euro), important trendline (like UJ) to start correcting in the following hours.
For those who missed the big move, there is no R:R ratio that justify either going long or short in all of those pairs, at least until Europe open, when volatility helps us out.
For me, today wasn't a sea of roses, too. I was way too heavy in UJ and GJ and cut big losses just a few hours ago. Wasn't the big profits in GU and EU today and I wouldn't be here to tell the story
Overall, I do not expect any motivated USD buyers as long as major figures are reached, like 0300 and 3800
Every tick dollar goes lower, the tendency is to accelerate, since a major, big, monstrous support (the 81.50) is gone.
The wave counters can give us the target, but I read 80.40 is primmary target from the current move (2004 low), what gives us Euro at about 3800, UJ mid/low-121 and cable following suit (test of 0300s?).
Then, only then, a correction can be on the cards.
It just makes no sense a pair breaking all-time highs (like euro), important trendline (like UJ) to start correcting in the following hours.
For those who missed the big move, there is no R:R ratio that justify either going long or short in all of those pairs, at least until Europe open, when volatility helps us out.
For me, today wasn't a sea of roses, too. I was way too heavy in UJ and GJ and cut big losses just a few hours ago. Wasn't the big profits in GU and EU today and I wouldn't be here to tell the story
Overall, I do not expect any motivated USD buyers as long as major figures are reached, like 0300 and 3800
I agree also..
I sure wish I did leave some on the table. I even miss a chance to buy on the dip when it came back down to 2.0228.
No problem, I cashed out all trades in the positive today, so I'm excited
Strange to see this thread still so busy this time of evening (UK)....
- #18,120
- Jul 10, 2007 4:21pm Jul 10, 2007 4:21pm
- | Joined May 2007 | Status: Trader | 4,716 Posts
when can we get short
I was fighting trends before, but NO MORE.
I remember that 9730 talk (530 pips ago). Glad I didn't stay on that train..
