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  • #25,241
  • Aug 28, 2008 4:04pm Aug 28, 2008 4:04pm
i see a bulish pattern in all /usd pairs, including comodities, which i didnt even check...but i need evrybody including banks and hedge funds to start heavy sell dollars, and close shorts,...when we have a nice price, then they raise rates, and boom go down to 61.80, and then the uptrend resums,...for one month.....or we go down after one month...or b.) we STILL range and we break south,...which might be also in effect since many futures will be expired in the midlle of sept?....i guess,...i dont know, just speaking loud...
its just money
  • #25,242
  • Aug 28, 2008 4:08pm Aug 28, 2008 4:08pm
Quoting psiholog
i never implied i am anything suntrader.
I don't know what you are referring to?

Please tell me.

Were you bragging too??? I don't think so.

If someone needs to brag for their ego, then whatever. Again I am not referring to you.

As far as using indicators or not - traders with very little experince are posting that RSI, or any other they like, is telling us that the market is going to .........

No it isn't. Everthing that anyone ever used to time trades is only giving probablilities. Some better than others but really not much better. Time, price and pattern work in tandem but money and trade management are the keys to the kingdom, as someone far smarter than me said years ago.
  • #25,243
  • Aug 28, 2008 4:12pm Aug 28, 2008 4:12pm
Quoting malcolmb14
eurusd is following oil closely today ... plot oil chart .. plot volume and look at how volume is declining as price is rising in a bear flag.

If oil volume does not pick up the flag will break to downside. ...and likely take eu with it

also daily pivot in 1.4710 to 1.4720 zone depending which time you set it at ( I set mine to midnight GMT)

I am selling any strength for now until we go above the 50 sma on the 30 min
Agree.
  • #25,244
  • Aug 28, 2008 4:21pm Aug 28, 2008 4:21pm
Quoting fxterrapin
There is no such thing as getting it wrong in forex.

I'm a fan of your posts but disagree...

Price usually dictates right and wrong.

If they were correct at bidding this pair up it would be at .4900.

Mike
  • #25,245
  • Aug 28, 2008 4:26pm Aug 28, 2008 4:26pm
Quoting slide
It's the end of the month, before the end of the first half of the Japanese fiscal year; They need to repatriate their overseas profit, i.e. buy back yens; It always happen in August; Expect another buyback wave tonight, I think it's gonna be fun!
I don't expect another buyback wave.

Mike
  • #25,246
  • Aug 28, 2008 4:31pm Aug 28, 2008 4:31pm
Quoting acumen
Agree.
Acumen .. I am printing this one out and mounting it on my wall ....

so that all the time you give me s**t i can say to myself ..Acumen is not a bad chap after all ....

Blogging daily now at www.volume.zone
  • #25,247
  • Aug 28, 2008 4:34pm Aug 28, 2008 4:34pm
Quoting malcolmb14
Acumen .. I am printing this one out and mounting it on my wall ....

so that all the time you give me s**t i can say to myself ..Acumen is not a bad chap after all ....

you're ready to go that far after just one kiss?
Up or down, gimme a ticket
  • #25,248
  • Aug 28, 2008 4:35pm Aug 28, 2008 4:35pm

Quoting malcolmb14
eurusd is following...
Quoting acumen
Agree.
Crikey!! A miracle!!
FUBAR...
  • #25,249
  • Aug 28, 2008 4:37pm Aug 28, 2008 4:37pm
and up we go...
its just money
  • #25,250
  • Aug 28, 2008 4:37pm Aug 28, 2008 4:37pm
Anyone else believe this bad boy will go up
  • #25,251
  • Aug 28, 2008 4:47pm Aug 28, 2008 4:47pm
Quoting Donyouth4eva
Anyone else believe this bad boy will go up
cannot tell as there is no volume in the market , however this look to me like a bear flag on the 30 min ... so at the moment I expect more down side to 1.4580 level ...or there abouts.
Blogging daily now at www.volume.zone
  • #25,252
  • Aug 28, 2008 4:49pm Aug 28, 2008 4:49pm
Asian session looks like it might be rather boring, a drift one way or another probably north. Look out, I came to that conclusion based upon an opinion due to where price is right now.

I have written over my computers, "No opinions, not others and expecially not yours!" Shows what I think of my own opinion but human nature is that we give them anyway.

As noted in some well quoted books it is easier to trade when you do not damage your psyche by being wrong, can't be wrong if you don't have an opinion. I know "beating a dead horse" I still can't figure out how not to have an opinion.

In my time zone it is time to kick back and enjoy a glass or two. Oh when I come back on in the morning, if I was wrong and this thing jumps around prior to 1 am New York time. Give me hell.
Redefining Reality
  • #25,253
  • Aug 28, 2008 4:52pm Aug 28, 2008 4:52pm
Quoting piptechnician
Asian session looks like it might be rather boring, a drift one way or another probably north. Look out, I came to that conclusion based upon an opinion due to where price is right now.

I have written over my computers, "No opinions, not others and expecially not yours!" Shows what I think of my own opinion but human nature is that we give them anyway.

As noted in some well quoted books it is easier to trade when you do not damage your psyche by being wrong, can't be wrong if you don't have an opinion. I know "beating a dead horse" I still can't figure out how not to have an opinion.

In my time zone it is time to kick back and enjoy a glass or two. Oh when I come back on in the morning, if I was wrong and this thing jumps around prior to 1 am New York time. Give me hell.

work out how you trade and what makes you money .... then stick to it .. mine is rsi , coupled with fibs.

Do not form an opinion , only trade the triggers according to your plan.
Blogging daily now at www.volume.zone
  • #25,254
  • Aug 28, 2008 4:55pm Aug 28, 2008 4:55pm
Quoting malcolmb14
Acumen .. I am printing this one out and mounting it on my wall ....

so that all the time you give me s**t i can say to myself ..Acumen is not a bad chap after all ....

I didn't notice it was you.

m
  • #25,255
  • Aug 28, 2008 4:56pm Aug 28, 2008 4:56pm
a small uptrend has formed, the upper wall is currently 1.4725 which is also 38.2 fib, if that wall is reached im selling. stop loss 10pips take profit 20 or more if strong downtrend from there. wouldnt be surprised to see the asian market do the opposite of what it did all week. or nothing at all
Different opinions highly valued, ignorant to slander.
  • #25,256
  • Aug 28, 2008 5:00pm Aug 28, 2008 5:00pm
Quoting SpecialEd
you're ready to go that far after just one kiss?
I'll jump on him before the weeks over.
  • #25,257
  • Aug 28, 2008 5:04pm Aug 28, 2008 5:04pm
Quoting acumen
I'll jump on him before the weeks over.
High school football kicks off tonight. Good trading all.
Up or down, gimme a ticket
  • #25,258
  • Aug 28, 2008 5:15pm Aug 28, 2008 5:15pm
I'm staying away too. In one snap the silly Asian traders could take it upwards into a bull trap. Watching on the sidelines and trading when the pros wake up (aka US session)
  • #25,259
  • Aug 28, 2008 5:19pm Aug 28, 2008 5:19pm
Quoting acumen
I'll jump on him before the weeks over.

keeping quiet....
Blogging daily now at www.volume.zone
  • #25,260
  • Aug 28, 2008 5:29pm Aug 28, 2008 5:29pm
anyone else buy on that lower wall false breakout...scalping methods?
Different opinions highly valued, ignorant to slander.
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