Same Whore .... Different Dress
- #202
- May 5, 2008 9:22am May 5, 2008 9:22am
- | Membership Revoked | Joined Dec 2005 | 2,298 Posts
Same Whore .... Different Dress
- #203
- May 5, 2008 11:23am May 5, 2008 11:23am
- Joined May 2005 | Status: I am not your bro | 1,302 Posts
- #205
- May 5, 2008 1:27pm May 5, 2008 1:27pm
- Joined Mar 2007 | Status: we are stardust, we are golden | 1,364 Posts
Virtue finds and chooses the mean.
Aristotle, Ethica Nichomachea
- #206
- May 5, 2008 1:59pm May 5, 2008 1:59pm
- | Membership Revoked | Joined Dec 2005 | 2,298 Posts
Same Whore .... Different Dress
- #207
- May 6, 2008 6:33am May 6, 2008 6:33am
- Joined Aug 2007 | Status: Trader | 3,135 Posts
A lot of talk that this pair have reached its "top". Having a look at daily chart, I see the opposite, even though I started to look for shorts on lower TF, larger TF had spoken.
The downside e/u have shown prove little viewed from daily, weekly and monthly (of course) to support more downside, IMO. We have seen bearish moves like this 4.1 % drop not too long ago as stated on the daily chart. So at currently rate it looks more attractive (long-term) to buy contra sell unless I'm excluding something vital ?
And please, something more than stochs is pointing down from OB area
(no offense to anybody)
The downside e/u have shown prove little viewed from daily, weekly and monthly (of course) to support more downside, IMO. We have seen bearish moves like this 4.1 % drop not too long ago as stated on the daily chart. So at currently rate it looks more attractive (long-term) to buy contra sell unless I'm excluding something vital ?
And please, something more than stochs is pointing down from OB area
(no offense to anybody)
Measure twice, cut once
- #208
- May 6, 2008 8:55am May 6, 2008 8:55am
- Joined Dec 2006 | Status: call me Kevin | 1,263 Posts
A lot of talk that this pair have reached its "top". Having a look at daily chart, I see the opposite, even though I started to look for shorts on lower TF, larger TF had spoken.
The downside e/u have shown prove little viewed from daily, weekly and monthly (of course) to support more downside, IMO. We have seen bearish moves like this 4.1 % drop not too long ago as stated on the daily chart. So at currently rate it looks more attractive (long-term) to buy contra sell unless I'm excluding something vital ?
And please, something more than stochs is pointing down from OB area
Also, I just posted on this, so if you've read both sorry for the regurgitation. Let us assume there is some equilibrium price will return to. This is basic economics. Price will rise until we think it's too expensive. I am more inclined to believe that equilibrium value lies nearer to 1.5000 than 1.6000, though we may see 1.6000 one more time.
Can you tell me, fundamentally, why the upmove started? I know that good EURO news came out today, but this was after the upmove started.
I'm no prophet, but usually when I can't explain why moves are happening, they're not the best moves.
This was me playing Devil's advocate. I can see why anyone would hold longs, though personally I'm short with a stop of course.
- #210
- Edited 1:29pm May 6, 2008 9:52am | Edited 1:29pm
- Joined Sep 2006 | Status: Trader | 2,272 Posts
its just money
- #211
- Edited 10:58am May 6, 2008 10:42am | Edited 10:58am
- Joined Aug 2007 | Status: Trader | 3,135 Posts
One thing you may be missing is the good US news that came out yesterday that had little effect. Something smells fishy.
Also, I just posted on this, so if you've read both sorry for the regurgitation. Let us assume there is some equilibrium price will return to. This is basic economics. Price will rise until we think it's too expensive. I am more inclined to believe that equilibrium value lies nearer to 1.5000 than 1.6000, though we may see 1.6000 one more time.
Can you tell me, fundamentally, why the upmove started? I know that good EURO news came out today, but this was after the upmove started.
I'm no prophet, but usually when I can't explain why moves are happening, they're not the best moves.
This was me playing Devil's advocate. I can see why anyone would hold longs, though personally I'm short with a stop of course.
So I appreciate your point of view. It seems like you trade based on economical forecast/analyze (long-term I assume?) since I can't see any technical reason to enter short, right?
Also, what de123 says when "everybody" screams short, you can place your house on the opposite.
Right now I give huge credibility to the support @ 1.5360 area. If it fails, the probability for more downside is in favor, IMO.
I hope someone manage to shake my analyze for the opposite, because I'm always on the look for improvements and can never be too sure.
Measure twice, cut once
- #212
- May 6, 2008 12:30pm May 6, 2008 12:30pm
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Hate to spoil the mystery, but..fifty pages essay to explain that we hit the .382 retracement of the last swing(which is usually good for a bounce) and that one March low.
P.S. I also left the two trendlines in(and .618 + prior highs area) in case they give a bounce as well and we get another frantic "What news did it, what news did it!!11 Quick, check Bloomberg! Check CNBC! Buy some newspapers! Call Buffet!" bout of wondering
P.S. I also left the two trendlines in(and .618 + prior highs area) in case they give a bounce as well and we get another frantic "What news did it, what news did it!!11 Quick, check Bloomberg! Check CNBC! Buy some newspapers! Call Buffet!" bout of wondering
Trust price. Know yourself.
- #213
- May 6, 2008 12:53pm May 6, 2008 12:53pm
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Here's a 4h one with creative explanations about the reactions and where and whys which I'm certain several people will hate
Don't mind me, I'm in my own crazy world.
Don't mind me, I'm in my own crazy world.
Trust price. Know yourself.
- #214
- Edited 2:32pm May 6, 2008 2:32pm | Edited 2:32pm
- Joined Mar 2007 | Status: we are stardust, we are golden | 1,364 Posts
Virtue finds and chooses the mean.
Aristotle, Ethica Nichomachea
- #215
- May 6, 2008 2:37pm May 6, 2008 2:37pm
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Trust price. Know yourself.
- #216
- May 6, 2008 2:40pm May 6, 2008 2:40pm
- Joined Mar 2007 | Status: we are stardust, we are golden | 1,364 Posts
Published: May 7, 2008
The NYT, always one step ahead!
EDIT: love the new smiley system, merlin! Good pick from the devs. I am especially loving the "'I'm-gay-as-a-whale" smiley above.
Virtue finds and chooses the mean.
Aristotle, Ethica Nichomachea
- #218
- May 12, 2008 8:00pm May 12, 2008 8:00pm
- Joined Jul 2007 | Status: Trader | 1,685 Posts
BTC Return This Year:
na
- #219
- Edited 3:32am May 16, 2008 3:20am | Edited 3:32am
- Joined Aug 2007 | Status: Trader | 3,135 Posts
Measure twice, cut once
- #220
- May 16, 2008 12:04pm May 16, 2008 12:04pm
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Symmetrical triangle on 4h chart. As long as price forms higher lows and support area @ .5350 is intact, I'm looking for long positions.
What setups are you guys looking at ?
We've already broken the triangle, so I don't really see anymore buy setup left now
Hope you were in early
Looking for informed EW opinions on the posted chart, just like on USDJPY.
Trust price. Know yourself.