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  • #23,661
  • Aug 25, 2008 8:45pm Aug 25, 2008 8:45pm
god save all of us. Find a good entry to sell.
  • #23,662
  • Aug 25, 2008 8:45pm Aug 25, 2008 8:45pm
Quoting trading801
hi bros.. hope everyone survived the pip fall ..

am now long @ 1.4720.. TP 1.4750

den it is NEWS TIME
yeah, I'm going to agree with pipav8tor. it's looking grim. the US credit scare today, rise on oil with no effect on euro price reaffirms that in my mind.

Shugart
  • #23,663
  • Aug 25, 2008 8:46pm Aug 25, 2008 8:46pm
Quoting riz79fx
my stoch indicator is crossing down and wide open at h1 and h4 tf.

that's mean price is still going down strong....and if going below level 10 the market is going down hard..

just my way..
You and tens of thousands of others who watch Stoch and RSI etc.
  • #23,664
  • Aug 25, 2008 8:47pm Aug 25, 2008 8:47pm
Quoting PipAV8tor
Dude, you are hard to figure, but this is gonna go back down. Simply a flag to trap buyers like you. JMHO. Once again Good Luck, you are gonna need it...

Arrgghhh BRO!

Seriously how do you identify such? i really like to learn..

ok my thoughts are along the line that it happened like this yesterday too... slowly but surely it went up....
  • #23,665
  • Aug 25, 2008 8:47pm Aug 25, 2008 8:47pm
Quoting Warren Forex
http://www.hussmanfunds.com/theFunds.html
December of 2007

Looks like he has tons of experience in currencies.

The largest sector holdings were in information technology (33.3%), consumer
discretionary (22.5%), health care (15.1%), and energy (13.2%). The smallest
sector weights were in financials (0.8%) and utilities (0.0%).
  • #23,666
  • Aug 25, 2008 8:49pm Aug 25, 2008 8:49pm
I'm also going short just add another lot.
  • #23,667
  • Aug 25, 2008 8:50pm Aug 25, 2008 8:50pm
A possible head and shoulder on 4 hour chart??

Does anyone else see that??
  • #23,668
  • Aug 25, 2008 8:50pm Aug 25, 2008 8:50pm
Quoting riz79fx
Hi,

im new kid on in the block...finnally i can post a reply in this thread...

sorry if my english not so good

my opinion to test the market i just use stoch indicator with setting 30,3,3 with level set 10,20,50,80,90

this is great setting to know the market moving

regards
It's your reliance on indicators that I'm worried about.
  • #23,669
  • Aug 25, 2008 8:52pm Aug 25, 2008 8:52pm
Quoting acumen
It's your reliance on indicators that I'm worried about.

AGREEED. stoch can be oh so wrong so much of the time.
  • #23,670
  • Aug 25, 2008 8:52pm Aug 25, 2008 8:52pm
Quoting Pyramus
I'm also going short just add another lot.
Before the news?

That's a great idea.

I'd also use 30% of your account on this trade.

You'll be fine.
  • #23,671
  • Aug 25, 2008 8:54pm Aug 25, 2008 8:54pm
Quoting acumen
Before the news?

That's a great idea.

I'd also use 30% of your account on this trade.

You'll be fine.
maybe he is confident that the news are bad for euro?
  • #23,672
  • Aug 25, 2008 8:54pm Aug 25, 2008 8:54pm
Quoting trading801
Arrgghhh BRO!

Seriously how do you identify such? i really like to learn..

ok my thoughts are along the line that it happened like this yesterday too... slowly but surely it went up....
Do yourself a favor and learn about Fibonacci, that will help you a lot.
Just a friendly tip
  • #23,673
  • Aug 25, 2008 8:54pm Aug 25, 2008 8:54pm
Quoting acumen
Before the news?

That's a great idea.

I'd also use 30% of your account on this trade.

You'll be fine.
LOLOLOL
  • #23,674
  • Aug 25, 2008 8:54pm Aug 25, 2008 8:54pm
Quoting acumen
Before the news?

That's a great idea.

I'd also use 30% of your account on this trade.

You'll be fine.



but you might want to go easy on them. hehe...
  • #23,675
  • Aug 25, 2008 8:55pm Aug 25, 2008 8:55pm
Quoting trading801
maybe he is confident that the news are bad for euro?
The news WILL be bad for Euro. No question. We saw the prelim GDP numbers. The question is has the market already priced it in?
  • #23,676
  • Aug 25, 2008 8:55pm Aug 25, 2008 8:55pm
Quoting cobraforex
Do yourself a favor and learn about Fibonacci, that will help you a lot.
Just a friendly tip

hmm i do know that.. but i tot that only indentifies potential support ressistance.. not trend
  • #23,677
  • Aug 25, 2008 8:55pm Aug 25, 2008 8:55pm
Quoting acumen
It's your reliance on indicators that I'm worried about.
Heeehee.
"The markets are the greatest chess match ever played."
  • #23,678
  • Aug 25, 2008 8:56pm Aug 25, 2008 8:56pm
Quoting Shugart
AGREEED. stoch can be oh so wrong so much of the time.
yup ...i know..i also trade with news

just sharing...

still newbie
{Promotion Removed}
  • #23,679
  • Aug 25, 2008 8:59pm Aug 25, 2008 8:59pm
Quoting seesaw
The news WILL be bad for Euro. No question. We saw the prelim GDP numbers. The question is has the market already priced it in?
Most likely.
  • #23,680
  • Aug 25, 2008 9:00pm Aug 25, 2008 9:00pm
Hello all,

First time writing on this thread.

Can someone confirm the head and shoulder on 4 min chart please?
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