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  • #1,801
  • Apr 1, 2008 12:00pm Apr 1, 2008 12:00pm
US Congress discussing bill to halt /prevent home foreclosures. If this bill has any merit the $ will soar. Not sure I like my Gov messing with the market. Anyone seen that old hammer and sicle flag??
  • #1,802
  • Apr 1, 2008 12:02pm Apr 1, 2008 12:02pm
Quoting 13.1 Runner
US Congress discussing bill to halt /prevent home foreclosures. If this bill has any merit the $ will soar. Not sure I like my Gov messing with the market. Anyone seen that old hammer and sicle flag??
Have a nice time getting credit in the future if anything like this actually happens.

Most Congressman have no idea what the "free" in free market means.
  • #1,803
  • Edited 12:16pm Apr 1, 2008 12:04pm | Edited 12:16pm
CCI bat pattern GJ1d

GJ bounce up from the bottom of 1-week channel, and now - on the roof of 1day channel
Attached Images
  • #1,804
  • Apr 1, 2008 12:09pm Apr 1, 2008 12:09pm
Quoting cotoho
Have a nice time getting credit in the future if anything like this actually happens.

Most Congressman have no idea what the "free" in free market means.
Most congressmen are clueless about everything except what will put $ in their pocket. If you could follow the money I am sure several of them are in heavy investment with a few of the troubled banks. IMHO
  • #1,805
  • Apr 1, 2008 12:11pm Apr 1, 2008 12:11pm
Quoting malcolmb14
Of course it will be subscribed .... but nice and affordable for everyone.

The traders that I have mentored over the years for free have thanked me for it. I have a free stock club in Tcnet with a crowd of about 400 . i used to tell them the trades I was doing. Some of them learnt the open range breakout techniques that I used and still trade with them today.

No offence to any one involved in Pipsnipers , but it was a complete rip off and prompted me to offer something with better value.

I was in the room the Thursday before the long weekend making some calls , a freinds name, while the gj dropped 300 pips. The moderator was doing nothing.

There will be a free period , and if you do not like what you see then you do not have to subscribe , that simple.

I think the calls that I have made over time prove that I am a capable trader ... hell some of the traders in here even made money on a few.

Am I right all the time ... hell no.... but that is what money management is all about.
Malcolmb 14 what is you name in tcnet? or club name?
Price does what price wants , I just need to be prepared.
  • #1,806
  • Apr 1, 2008 12:17pm Apr 1, 2008 12:17pm
Senante votes 94-1 to move ahead with the forclosure bill. Not sure about details?? Details out tomorrow.
  • #1,807
  • Apr 1, 2008 12:17pm Apr 1, 2008 12:17pm
waiting to see what happens here

It looks like a double top might be forming on a 20 min . There is bearish div on the rsi and the macd has crossed down.

This looks almost exactly like the pattern that formed on Sunday night.

I am going to give this time to work itself out.

Interesting thing about today on the dj-30 is that we are going up and up and up , but look at the daily volume , about average.

I think we may see a pull back to 199.87 ( 38% fib of last move up)
Blogging daily now at www.volume.zone
  • #1,808
  • Apr 1, 2008 12:18pm Apr 1, 2008 12:18pm
Quoting PJkiller
Malcolmb 14 what is you name in tcnet? or club name?
Club name in Tcnet is openrangebreakout. I have not been there for a while as I do not trade stocks anymore , but I pop in once in a while and say hi.
Blogging daily now at www.volume.zone
  • #1,809
  • Apr 1, 2008 12:20pm Apr 1, 2008 12:20pm
Taking short with 50 pip stop off 201.57.

I see divergences on a lot of time frames.

NOTE this is a very high risk trade as i am trying to fade the trend.
Blogging daily now at www.volume.zone
  • #1,810
  • Apr 1, 2008 12:21pm Apr 1, 2008 12:21pm
Quoting malcolmb14
Club name in Tcnet is openrangebreakout. I have not been there for a while as I do not trade stocks anymore , but I pop in once in a while and say hi.
I took alot of trades with Hotto and Firstwave throughout the years. A great learning experience......
Price does what price wants , I just need to be prepared.
  • #1,811
  • Apr 1, 2008 12:26pm Apr 1, 2008 12:26pm
Quoting PJkiller
I took alot of trades with Hotto and Firstwave throughout the years. A great learning experience......
firstwave is one of the most brilliant Traders I have ever seen
Blogging daily now at www.volume.zone
  • #1,812
  • Apr 1, 2008 12:27pm Apr 1, 2008 12:27pm
15M Stochastic and RSI pointing down
  • #1,813
  • Apr 1, 2008 12:30pm Apr 1, 2008 12:30pm
Quoting malcolmb14
firstwave is one of the most brilliant Traders I have ever seen
you got that right!!!! do you apply any of his indicators in thr FX market?
Price does what price wants , I just need to be prepared.
  • #1,814
  • Apr 1, 2008 12:32pm Apr 1, 2008 12:32pm
shot some @ 201.53
Price does what price wants , I just need to be prepared.
  • #1,815
  • Apr 1, 2008 12:33pm Apr 1, 2008 12:33pm
Quoting PJkiller
you got that right!!!! do you apply any of his indicators in thr FX market?
No I do not.

I do ok with simple patterns and rapid rsi.
Blogging daily now at www.volume.zone
  • #1,816
  • Apr 1, 2008 12:36pm Apr 1, 2008 12:36pm
Good call on that short Malcolm.http://forexfactory.com/images/icons/icon14.gif
  • #1,817
  • Apr 1, 2008 12:38pm Apr 1, 2008 12:38pm
2H chart looking like a double top.Let's wait the next candle...
http://img231.imageshack.us/img231/5647/2hty8.jpg
  • #1,818
  • Apr 1, 2008 12:39pm Apr 1, 2008 12:39pm
Quoting Küster
2H chart looking like a double top.Let's wait the next candle...
http://img231.imageshack.us/img231/5647/2hty8.jpg
Wicks on the tops of the candles look bearish to me
Blogging daily now at www.volume.zone
  • #1,819
  • Apr 1, 2008 12:39pm Apr 1, 2008 12:39pm
Quoting summitfx
After it hits 205.00 do you mean?

I forgot it's April Fools Day-Malcolmb must priming everyone for his New Room which I'm sure will be subscription based.

Sorry to interrupt folks- I'll move on

good Luck
199s before 205
  • #1,820
  • Apr 1, 2008 12:41pm Apr 1, 2008 12:41pm
Quoting A108
Good call on that short Malcolm.http://forexfactory.com/images/icons/icon14.gif

201.3 close ... ym not dropping as i had hoped
Blogging daily now at www.volume.zone
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