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  • #24,301
  • Aug 26, 2008 11:28pm Aug 26, 2008 11:28pm
Quoting Jurrasic
Suntrader, everybody has their own way of drawing trendlines, but I'm not sure how you got yours..
I take the trendline drawing tool and grab from swing point and pull to the next and I have a trendline. Simple. I only use the 2 most recent swings.
There are the most important IMHO.

Longterm have use but not as much as the most recent trading and I mean that as well no matter the timeframe of the individual chart that is being looked at.
  • #24,302
  • Aug 26, 2008 11:29pm Aug 26, 2008 11:29pm
Quoting daanman3
If you can't provide sources or links then you should not be posting this information.

I find it hard to believe that there is no information on this on the internet.
Hey, why attack Kodie? If you want you can scroll back like 500 pages and you'll find it in this thread. Try posts from April or something, about the end of the first run to 1.6 and then down and start of ranging. The other question is did most of us believe it at the time...
On the path to Enrichment.
  • #24,303
  • Aug 26, 2008 11:30pm Aug 26, 2008 11:30pm
Quoting Rocroy
You guys can't be serious!?!?!



Originally Posted by lasty http://www.forexfactory.com/images/buttons/viewpost.gif
Many factors.
1. Could be a large player trying to trigger stops
2. Could be a large buy order.
3. A Cross play being executed.
4. News (but on this occasion unlikely)
5. Thin market (lunchtime square up)
please enlighten us pro
  • #24,304
  • Aug 26, 2008 11:31pm Aug 26, 2008 11:31pm
Here is a little something I found, might be related. I forgot I even get live news in TradeStation. I think I have made my point what I think of watching the news many times already. Well here goes:

SOUTH KOREA SAYS IT WILL CLOSELY WATCH FX MARKET
SEOUL, Aug 27, 2008 (AsiaPulse via COMTEX) --
South Korea's foreign exchange authorities verbally intervened in the market Wednesday in a bid to prop up the weakening local currency, saying the won's steep loss against the U.S. dollar is 'worrisome'.
"The won's steep fall against U.S. dollar is worrisome. Considering higher inflation, the government will closely watch the market situation," said Choi Jong-ku, head of the finance ministry's international financial bureau.
"If necessary, we will take necessary measures."
His remarks came as the local currency was trading at 1,085.40 won against the greenback as of 11:06 a.m., up 4 won from the previous session after touching a 1,090-won level earlier in the day,
The won fell to a 45-month low against the dollar Tuesday, closing at 1,089.40 won. It was the weakest close since November 16, 2004 when it finished at 1,090.3 won to the greenback. The won has lost about 14 per cent versus the dollar so far this year.
  • #24,305
  • Aug 26, 2008 11:31pm Aug 26, 2008 11:31pm
Quoting kodie2006
Sorry, I won't post factual information anymore then. I am too lazy to go hunting for the articles that states this info. Maybe I would recommend paying more attention to the wires.
Wow, you are such a bullsh*ter.

You are too lazy? Its not like you have to fly to europe and search the whole central bank offices.

All you have to do is google search it.

Example: I am saying that BOE said that inflation will moderate.

Google search "BOE Inflation" and see what comes.
  • #24,306
  • Aug 26, 2008 11:34pm Aug 26, 2008 11:34pm
Koreans then might be the ones selling dollars and buying Won which is affecting other pairs, for a short while anyway.

Who knows, who cares. I don't I don't.
  • #24,307
  • Aug 26, 2008 11:34pm Aug 26, 2008 11:34pm
Quoting Jurrasic
Hey, why attack Kodie? If you want you can scroll back like 500 pages and you'll find it in this thread. Try posts from April or something, about the end of the first run to 1.6 and then down and start of ranging. The other question is did most of us believe it at the time...
I am not attacking Kodie. I want proof thats all. If he does not have any proof then he should not be posting the information here.
  • #24,308
  • Aug 26, 2008 11:35pm Aug 26, 2008 11:35pm
Quoting SunTrader
Of my possible explanation. Yes I am serious. In case you have never heard, when it happens it is called a "fat finger entry". There have been many infamous instances.

I don't know if that was the case this time. Maybe just as some have equally "speculated", buying by the Asians yada yada blah blah blah.

I don't care the reason. I just watch and decide what I am going to do. When someone looks for the reason why, it is because there are looking for reasons to blame for when they lose.

Losers look for reasons, traders trade.
Maybe Jerome Kerviel escaped from prison.

He's been known to open a position or two in the wrong direction.




  • #24,309
  • Aug 26, 2008 11:37pm Aug 26, 2008 11:37pm
Quoting daanman3
I am not attacking Kodie. I want proof thats all. If he does not have any proof then he should not be posting the information here.
where's bruce when you need him, im sure he has an article or 10 on the subject.
  • #24,310
  • Aug 26, 2008 11:40pm Aug 26, 2008 11:40pm
Quoting Tulip
where's bruce when you need him, im sure he has an article or 10 on the subject.
He is saving them up for his return after the Governor gives him the reprieve from lethal rejection.
  • #24,311
  • Aug 26, 2008 11:40pm Aug 26, 2008 11:40pm
Quoting Tulip
where's bruce when you need him, im sure he has an article or 10 on the subject.

The guy needs to sleep from time to time, this is a demanding job
On the path to Enrichment.
  • #24,312
  • Aug 26, 2008 11:42pm Aug 26, 2008 11:42pm
LOL
  • #24,313
  • Aug 26, 2008 11:42pm Aug 26, 2008 11:42pm
Quoting Jurrasic

The guy needs to sleep from time to time, this is a demanding job
When he was around, it did seem like he never slept. The constant posting of all kinds of analyses and links just makes me tired and dizzy.
Expected the unexpected
  • #24,314
  • Aug 26, 2008 11:44pm Aug 26, 2008 11:44pm
http://www.forexfactory.com/member.php?u=19801

I think he got suspended.

NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

BRING HIM BACK!!!!!!!!!!!!!!!!!!!!!!!!!
  • #24,315
  • Aug 26, 2008 11:47pm Aug 26, 2008 11:47pm
Quoting daanman3
http://www.forexfactory.com/member.php?u=19801

I think he got suspended.

NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

BRING HIM BACK!!!!!!!!!!!!!!!!!!!!!!!!!
why did he get suspended?
  • #24,316
  • Aug 26, 2008 11:48pm Aug 26, 2008 11:48pm
Quoting daanman3
http://www.forexfactory.com/member.php?u=19801

I think he got suspended.

NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

BRING HIM BACK!!!!!!!!!!!!!!!!!!!!!!!!!
What does infractions overload mean? If you want to bring him back, you can talk to the administrators.
Expected the unexpected
  • #24,317
  • Aug 26, 2008 11:51pm Aug 26, 2008 11:51pm
DXY touched the low from Tuesday. Could be going lower. I'm just sayin'

Crude up $0.60 at the moment.

Be back later. Zzzzzz time.
  • #24,318
  • Aug 26, 2008 11:54pm Aug 26, 2008 11:54pm
The volatile IFO news release has lead into a technical dream with a reversal flag, triangle which lead to a Tokyo breakout and an ascending triangle.


http://i37.tinypic.com/98as0n.gif
  • #24,319
  • Aug 26, 2008 11:57pm Aug 26, 2008 11:57pm
aarrrgghhh...

dude shrink your chart. you just blew up the thread!!

and 5 minutes? just pinch of a little piece of it maybe...
FUBAR...
  • #24,320
  • Aug 27, 2008 12:08am Aug 27, 2008 12:08am
In my oppinion we are going further up... check the RSI, if it goes above 50 and we continue to have a rising stoch I will go long.
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