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  • #15,881
  • Jul 24, 2008 12:36am Jul 24, 2008 12:36am
guys be alert for German IFO - Business climate/Current Assessment/expectations
Fools Rushing
  • #15,882
  • Jul 24, 2008 12:36am Jul 24, 2008 12:36am
Quoting FXCapitalist
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.


Hi Fx,

Do you think when the reversal happens it will again go and test previous highs ?

What's your view. Can we go long @ 1.5620-00 levels ??

Cheers
The One Who Makes The Thunder Roar Also Hears A Butterfly Sigh - Ruzbeh
  • #15,883
  • Jul 24, 2008 12:44am Jul 24, 2008 12:44am
Quoting rpasupathy
Hi Fx,

Do you think when the reversal happens it will again go and test previous highs ?

What's your view. Can we go long @ 1.5620-00 levels ??

Cheers
Always, look back in the past. Now isn't price testing previous lows? Any breaks from here signal support failure and opens the area down even more. I might be looking at 1.55XX and 1.52XX later, maybe a month or less give or take more. But then again that's me. Don't trade like me however. I'm always wrong to everyone else. I'm only right for myself.


cheers.
"Diversification is an excuse for a lack of talent" ~FXC
  • #15,884
  • Jul 24, 2008 12:48am Jul 24, 2008 12:48am
Quoting MTF Test
guys be alert for German IFO - Business climate/Current Assessment/expectations
I dont care much about news, the charts are the personification of news.
"Diversification is an excuse for a lack of talent" ~FXC
  • #15,885
  • Jul 24, 2008 12:51am Jul 24, 2008 12:51am
Quoting FXCapitalist
Always, look back in the past. Now isn't price testing previous lows? Any breaks from here signal support failure and opens the area down even more. I might be looking at 1.55XX and 1.52XX later, maybe a month or less give or take more. But then again that's me. Don't trade like me however. I'm always wrong to everyone else. I'm only right for myself.


cheers.
A month? Well sure anything can happen in a month, but 1.62 first, then 1.58, then 1.63, then in a month , maybe 1.55?
  • #15,886
  • Jul 24, 2008 12:55am Jul 24, 2008 12:55am
Current market conditions have formed a foghorn formation in which this implies heavier volatility. We shall see how the market reacts. It might actually reverse and retrace for the time being. Let's see shall we.
Attached Image (click to enlarge)
Click to Enlarge Name: foghornvolatility.gif Size: 30 KB
"Diversification is an excuse for a lack of talent" ~FXC
  • #15,887
  • Jul 24, 2008 12:56am Jul 24, 2008 12:56am
Quoting Clouds
A month? Well sure anything can happen in a month, but 1.62 first, then 1.58, then 1.63, then in a month , maybe 1.55?
hey man I welcome anything the market presents me that I can capitalize on. 1.62XX and those levels have been on my mind. so we shall see.
"Diversification is an excuse for a lack of talent" ~FXC
  • #15,888
  • Jul 24, 2008 12:58am Jul 24, 2008 12:58am
Quoting FXCapitalist
Current market conditions have formed a foghorn formation in which this implies heavier volatility. We shall see how the market reacts. It might actually reverse and retrace for the time being. Let's see shall we.
i dunno....bears are still pretty strong
  • #15,889
  • Jul 24, 2008 1:00am Jul 24, 2008 1:00am
Quoting costos
i dunno....bears are still pretty strong
WHOA. did you people see that?
  • #15,890
  • Edited 1:02am Jul 24, 2008 1:00am | Edited 1:02am
Quoting costos
i dunno....bears are still pretty strong
You never know man. those bears can transform into bulls in a heartbeat. mwehehehehhhh. As for me I'm still in bear form. and it just dropped w00t!!! Bear form still active!!!
Attached Image (click to enlarge)
Click to Enlarge Name: ownedbearswin.gif Size: 30 KB
"Diversification is an excuse for a lack of talent" ~FXC
  • #15,891
  • Jul 24, 2008 1:00am Jul 24, 2008 1:00am
yeeeeeeeehaaaa!!!! .. what a ride!
... /$ -> LONG
  • #15,892
  • Jul 24, 2008 1:00am Jul 24, 2008 1:00am
Quoting Clouds
A month? Well sure anything can happen in a month, but 1.62 first, then 1.58, then 1.63, then in a month , maybe 1.55?
that dip sucks, but oh well
  • #15,893
  • Jul 24, 2008 1:01am Jul 24, 2008 1:01am
here we go....
Money often costs too much...
  • #15,894
  • Jul 24, 2008 1:03am Jul 24, 2008 1:03am
Quoting FXCapitalist
I dont care much about news, the charts are the personification of news.
...

I'm glad I DO follow key news & fundamentals and always am prepared for it....

Just my 2 cents...
  • #15,895
  • Jul 24, 2008 1:03am Jul 24, 2008 1:03am
We should be heading up soon.
  • #15,896
  • Jul 24, 2008 1:04am Jul 24, 2008 1:04am
You guys know about bear traps? this could be one it's possible, we will see within this hour. That thing just took out my 50 fib from june, has to close under it however for it to be good. Other than that it's a trap.
"Diversification is an excuse for a lack of talent" ~FXC
  • #15,897
  • Jul 24, 2008 1:05am Jul 24, 2008 1:05am
Quoting FXCapitalist
hey man I welcome anything the market presents me that I can capitalize on. 1.62XX and those levels have been on my mind. so we shall see.
i just see too much bearish usd action across all pairs, maybe it's hard see, but it's there
  • #15,898
  • Jul 24, 2008 1:05am Jul 24, 2008 1:05am
LoL bug in the theyre Major computer...
GBPxCHF just freezed going up and down arround 70 pips like 5 times....


LOLLLL
  • #15,899
  • Jul 24, 2008 1:06am Jul 24, 2008 1:06am
Quoting FXCapitalist
You never know man. those bears can transform into bulls in a heartbeat. mwehehehehhhh. As for me I'm still in bear form. and it just dropped w00t!!! Bear form still active!!!
ya, lolz, but ur right, it's super volatile
  • #15,900
  • Jul 24, 2008 1:08am Jul 24, 2008 1:08am
I have this second leg projected to 1.5642 or a bit lower,, let's see what develops.. A double bottom at 1.5611 would be the sweetest thing for 2008..
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