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  • #3,861
  • Jan 25, 2007 3:13am Jan 25, 2007 3:13am
Quoting henrycarol
woohoo

okay g/u lets make a new weekly low from now on
Considering how you get excited with that little movement down, I guess you're new to trading and haven't seen this before?
I am just here to talk nonsense =D
  • #3,862
  • Jan 25, 2007 3:14am Jan 25, 2007 3:14am
Maybe not it's heading long agian
  • #3,863
  • Jan 25, 2007 3:15am Jan 25, 2007 3:15am
Quoting henrycarol
I guess we have seen the highs for g/u today.

Should be going lower from now on
talk about getting exited over a little pullback
Man who scratches ass should not bite fingernails
  • #3,864
  • Jan 25, 2007 3:16am Jan 25, 2007 3:16am
Quoting Zarul Shahrin
Considering how you get excited with that little movement down, I guess you're new to trading and haven't seen this before?
I been trading for awhile.....cant I get a bit excited LOL?

I still remember gbp/jpy was 201
  • #3,865
  • Jan 25, 2007 3:16am Jan 25, 2007 3:16am
Well closed out for +31 pips today.

A small victory is better than a small loss.
  • #3,866
  • Jan 25, 2007 3:16am Jan 25, 2007 3:16am
Quoting henrycarol
Just now g/u high could be a bull trap......lucky I didnt fall for it.

These days the markets are quite risky.
Lucky for me.
Man who scratches ass should not bite fingernails
  • #3,867
  • Jan 25, 2007 3:16am Jan 25, 2007 3:16am
Ah missed the news. Let's see whether it's the start of wave 5 (down) or wave B (up); it's still uncertain. Was wrong reading price action, price spiked up instead of down. :
Tra-X
  • #3,868
  • Jan 25, 2007 3:22am Jan 25, 2007 3:22am
Alas.. I entered long on the break of 1.9690. My profit level was at 1.9735. But something hit my mind when I drew the Fibo retracements on the 1H chart. I just waited for price to hit the 38.1%. I didn't pay attention to the news release timing, I was reading Demark's book when I was simply checking the price at 12.59AM EST. As usual, my broker platform froze and my panic mode goes off. I ended the day with only +13

Mannn I could've gotten about 40pips atleast ... oh well NEXT !!!!

By the way, my system is according to Peter Bains Pivot points and combined with Demark's TD Line breakout. I'm interested to know if I can further enhance my trading plan by learning SRDC method from OR which happens to be a fellow Jedi freak.
  • #3,869
  • Jan 25, 2007 3:23am Jan 25, 2007 3:23am
Quoting Traex
Ah missed the news. Let's see whether it's the start of wave 5 (down) or wave B (up); it's still uncertain. Was wrong reading price action, price spiked up instead of down. :

From December 2005 - this(retracement from yesterday) looks a pullback(wave2) of larger wave 3 of the larger wave 3. The next move up should bring us to a new high - wave 3 of 3 of 3 - oh boy watch out.
Man who scratches ass should not bite fingernails
  • #3,870
  • Jan 25, 2007 3:25am Jan 25, 2007 3:25am
We're headed back south folks and here's why:

Spike occured because of news rumor.

News rumor was untrue.

Down we go.......
  • #3,871
  • Jan 25, 2007 3:29am Jan 25, 2007 3:29am
finding support now at daily midrange
Attached Image
Man who scratches ass should not bite fingernails
  • #3,872
  • Jan 25, 2007 3:31am Jan 25, 2007 3:31am
Quoting southernmind
We're headed back south folks and here's why:

Spike occured because of news rumor.

News rumor was untrue.

Down we go.......
Come to think about it, yeah quite true....maybe someone gave some rumour that euro news will be good...hence the spike b4 news.
  • #3,873
  • Jan 25, 2007 3:32am Jan 25, 2007 3:32am
Quoting southernmind
We're headed back south folks and here's why:

Spike occured because of news rumor.

News rumor was untrue.

Down we go.......
I agree, just had across on Sidus together with another indicator. If we get a macd as well on 15 min we should go down. Also RVI looking to cross.
  • #3,874
  • Jan 25, 2007 3:35am Jan 25, 2007 3:35am
Quoting Zarul Shahrin
Considering how you get excited with that little movement down, I guess you're new to trading and haven't seen this before?
dude..you totally got him wrong..dont judge a book by its cover okies.. silent ones and new ones and those opposing the crowds dont mean that they are newbies,visionless,useless or even wrong in what they say here..
take note of tht..okies..
  • #3,875
  • Jan 25, 2007 3:35am Jan 25, 2007 3:35am
existing home sales figure and the jobless claims any insights ??
its just money
  • #3,876
  • Jan 25, 2007 3:37am Jan 25, 2007 3:37am
From BloombergTV

Analyst said market was expecting 112 German Ifo Business Climate Index before the news was out.

Anyway analyst also said that e/u will probably go back to 1.30 then 1.31 to 1.32 in the next 6 weeks.

Monica Fan
RBC Capital Markets.


-------I dont really trust these ppl------- especially anything from Bloomberg
  • #3,877
  • Jan 25, 2007 3:39am Jan 25, 2007 3:39am
Quoting samuel84
dude..you totally got him wrong..dont judge a book by its cover okies.. silent ones and new ones and those opposing the crowds dont mean that they are newbies,visionless,useless or even wrong in what they say here..
take note of tht..okies..
Im sure he can defend himself.
  • #3,878
  • Jan 25, 2007 3:42am Jan 25, 2007 3:42am
I truly think that we shouldnt get personal here.

No personal attacks.

Just state your views and analyses on the g/u pair.

Right or wrong, time will tell.
  • #3,879
  • Jan 25, 2007 3:52am Jan 25, 2007 3:52am
Here is pic showing support at 38.2 retracement of monthly range - 9664


Looks like we may be headed for double bottom here.
Attached Image
Man who scratches ass should not bite fingernails
  • #3,880
  • Jan 25, 2007 3:53am Jan 25, 2007 3:53am
Quoting samuel84
dude..you totally got him wrong..dont judge a book by its cover okies.. silent ones and new ones and those opposing the crowds dont mean that they are newbies,visionless,useless or even wrong in what they say here..
take note of tht..okies..
I said, "I guess".... nothing personal there and talking about "opposing the crowd" I think only few of us here agreed about going long while majority are all saying "short"...I don't have problem with that, my only problem are with people who can't make up their mind, and start shouting "long long" when the price went up and suddenly when the price made a little pullback they will start shouting "short, short" without first putting a through out analysis into consideration....This is not helpful, yet only confuse people, especially those who are new here and hoping to get some useful tips...
I am just here to talk nonsense =D
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