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  • #15,861
  • Jul 24, 2008 12:20am Jul 24, 2008 12:20am
Quoting Jay Walker
And then I see a flying unicorn and realize that I'm drunk.
NO !! bad thing to be drunk at the middle of the week!

by the way, some of the best trades i've made were in a drunk state without blocking myself with too many variables in play like these last days ...

like they say "do simple analysis and get to the point"
... /$ -> LONG
  • #15,862
  • Jul 24, 2008 12:28am Jul 24, 2008 12:28am
Quoting MaZae
NO !! bad thing to be drunk at the middle of the week!

by the way, some of the best trades i've made were in a drunk state without blocking myself with too many variables in play like these last days ...

like they say "do simple analysis and get to the point"
http://img522.imageshack.us/img522/3...nsamsullx7.jpg

Get drunk and keep your energy. It's called Kaesongkoryoinsamsul. It's a ginseng liquor. Cheers
Not all sins are created equal
  • #15,863
  • Jul 24, 2008 12:49am Jul 24, 2008 12:49am
Quoting Jay Walker

Get drunk and keep your energy. It's called Kaesongkoryoinsamsul. It's a ginseng liquor. Cheers


yo dude ! This is what i was looking for ...Kaesongkoryoinsamsul ....@
Fools Rushing
  • #15,864
  • Jul 24, 2008 12:52am Jul 24, 2008 12:52am
Quoting sooperthug
Although im not condoning the response it was funny


Been traveling all day. It is funny and it is the truth. Doing the opposite of 90% of the folks in here will serve you well.
  • #15,865
  • Jul 24, 2008 1:13am Jul 24, 2008 1:13am
Quoting Jay Walker

Get drunk and keep your energy. It's called Kaesongkoryoinsamsul. It's a ginseng liquor. Cheers
hey !!! that looks nice! i wonder if i can import it to Mexico ...

and now... this EU thing is getting TENSE!! ... i guess i'm staying aside and see what happens.. then if i still have enough nerve, i will take a position
... /$ -> LONG
  • #15,866
  • Jul 24, 2008 1:23am Jul 24, 2008 1:23am
Quoting MaZae
hey !!! that looks nice! i wonder if i can import it to Mexico ...

and now... this EU thing is getting TENSE!! ... i guess i'm staying aside and see what happens.. then if i still have enough nerve, i will take a position
It's tense I'll give you that.

I'm long. Let's just see what happens.
Not all sins are created equal
  • #15,867
  • Jul 24, 2008 1:29am Jul 24, 2008 1:29am
Just wanted to let you know guys .use a ADX .it might help you to cool down a bit. if ADX is below 20-16 - forget about trading till it breaks above 20.(scalp)

Good thought from a virtue trader

peace out...
Fools Rushing
  • #15,868
  • Jul 24, 2008 1:34am Jul 24, 2008 1:34am
yo..brother JAYWALKER....would you like to give me one good reason ? long till ?
Fools Rushing
  • #15,869
  • Jul 24, 2008 1:45am Jul 24, 2008 1:45am
Quoting coldrecs
You can never completely trust an oscillator. Just look at the graph below. It is EURUSD on hourly. My favorite oscillator (an Jurik K-Stoch) signaled 3 times today that the pair is oversold. Still it kept falling

Just another prove that you shouldn't use an oscillator in a trending market

http://img247.imageshack.us/img247/11/nonameuk4.th.png
Gotta use oscillators in a better way. You can use it perfectly in a trending market. I do it all the time with my RSI studies, the fact of the matter is conventional education has taught most everyone that when something is in the oversold area it's time to look for a buy entry. WRONG, Oversold and overbought doesn't mean buy or sell. Think of the oscillator just being compressed down at that range because that is the limit set by the oscillator and being that it's at those extremes any move up is insignificant and any minor move down has a tremendous effect. This is a little something I learned from Baeyens and Cardwell on advanced RSI logic and theories.

cheers mate.
"Diversification is an excuse for a lack of talent" ~FXC
  • #15,870
  • Jul 24, 2008 1:46am Jul 24, 2008 1:46am
Quoting NuckingFuts
My balls don't lie

Gold is pulling us down.

I see steelhead is polluting yet another thread
steel is a nobody just ignore him
"Diversification is an excuse for a lack of talent" ~FXC
  • #15,871
  • Jul 24, 2008 1:51am Jul 24, 2008 1:51am
Quoting FXCapitalist
Gotta use oscillators in a better way. You can use it perfectly in a trending market. I do it all the time with my RSI studies, the fact of the matter is conventional education has taught most everyone that when something is in the oversold area it's time to look for a buy entry. WRONG, Oversold and overbought doesn't mean buy or sell. Think of the oscillator just being compressed down at that range because that is the limit set by the oscillator and being that it's at those extremes any move up is insignificant and any minor move down has a tremendous effect. This is a little something I learned from Baeyens and Cardwell on advanced RSI logic and theories.

cheers mate.
your perfectly right mr.fxcapitalist.very kind of you to share your knowledge. by the way are you still upto to 1.55 or long
Fools Rushing
  • #15,872
  • Jul 24, 2008 1:57am Jul 24, 2008 1:57am
I'm still short from 1.59 with some profit locked

let's see if 1.5660 will resist...
  • #15,873
  • Jul 24, 2008 1:58am Jul 24, 2008 1:58am
Quoting MTF Test
yo..brother JAYWALKER....would you like to give me one good reason ? long till ?
My analysis for the longer term and overall having a different crystal ball from NuckingFuts's.

I trade without a T/P so I'll be long till my S/L is hit...or until my S/L is hit
Not all sins are created equal
  • #15,874
  • Jul 24, 2008 1:59am Jul 24, 2008 1:59am
Quoting FXCapitalist
Gotta use oscillators in a better way. You can use it perfectly in a trending market. I do it all the time with my RSI studies, the fact of the matter is conventional education has taught most everyone that when something is in the oversold area it's time to look for a buy entry. WRONG, Oversold and overbought doesn't mean buy or sell. Think of the oscillator just being compressed down at that range because that is the limit set by the oscillator and being that it's at those extremes any move up is insignificant and any minor move down has a tremendous effect. This is a little something I learned from Baeyens and Cardwell on advanced RSI logic and theories.

cheers mate.
I know who cardwell is but who is baeyens ? and if you don't mind, where did you get their material? rsi is my indicator of choice. I have haydens book and he learned from cardwell.
  • #15,875
  • Jul 24, 2008 2:06am Jul 24, 2008 2:06am
It's possible for it to test these current support levels from the beginning of june, It seems like it can be another break down, RSI analyses tells me that it isn't done yet it's still in bear territory and/or a possible retrace is likely up to the 60 level and a plunge back down to the 20's. I'm just awaiting the market movement for the European session, seems like it's stirring a bit.
Attached Image (click to enlarge)
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"Diversification is an excuse for a lack of talent" ~FXC
  • #15,876
  • Jul 24, 2008 2:07am Jul 24, 2008 2:07am
Quoting c-note
I know who cardwell is but who is baeyens ? and if you don't mind, where did you get their material? rsi is my indicator of choice. I have haydens book and he learned from cardwell.
which cardwell are you talking about, what's his first name.
"Diversification is an excuse for a lack of talent" ~FXC
  • #15,877
  • Jul 24, 2008 2:07am Jul 24, 2008 2:07am
Quoting Jay Walker
My analysis for the longer term and overall having a different crystal ball from NuckingFuts's.

I trade without a T/P so I'll be long till my S/L is hit...or until my S/L is hit

sorry brother i don't understand.any way good luck for your trade..

peace out.
Fools Rushing
  • #15,878
  • Jul 24, 2008 2:10am Jul 24, 2008 2:10am
Quoting FXCapitalist
which cardwell are you talking about, what's his first name.
i think it is andrew
  • #15,879
  • Jul 24, 2008 2:11am Jul 24, 2008 2:11am
Quoting c-note
i think it is andrew
thought so. PM me.
"Diversification is an excuse for a lack of talent" ~FXC
  • #15,880
  • Jul 24, 2008 2:33am Jul 24, 2008 2:33am
The drop is beginning, that was a short lived flag. more RSI analyses tells me possibly one more big drop then a possible reversal. I'm waiting for my 20 (DD+) and positive divergence. I leave it for the market to correct me.
Attached Image (click to enlarge)
Click to Enlarge Name: dropisbeginningagain.gif Size: 30 KB
"Diversification is an excuse for a lack of talent" ~FXC
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