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  • #25,581
  • Aug 29, 2008 8:56am Aug 29, 2008 8:56am
no wonder the drop..

PMI for chic is good..
  • #25,582
  • Aug 29, 2008 8:56am Aug 29, 2008 8:56am
Quoting doughnut
Hi guys,

Is it me or is every friday choppy I have been noticing since i started trading 1 year now. I think i will start trading monday thru thursday and forget Friday I also log my trades and now i look back i loose more trades on this day no more. Spend more time with family.

it is such a gd idea!!!

sonic
  • #25,583
  • Aug 29, 2008 8:58am Aug 29, 2008 8:58am
Quoting sonicdeejay
it is such a gd idea!!!

sonic

in particular, i notice personally it get worst after london closes....
  • #25,584
  • Aug 29, 2008 8:58am Aug 29, 2008 8:58am
So, Belekas, your thoughts are trend change to favor of Euro?
  • #25,585
  • Aug 29, 2008 8:59am Aug 29, 2008 8:59am
Quoting doughnut
Hi guys,

Is it me or is every friday choppy I have been noticing since i started trading 1 year now. I think i will start trading monday thru thursday and forget Friday I also log my trades and now i look back i loose more trades on this day no more. Spend more time with family.
The problem is that I am free from school every friday, so that is the only day I can trade, so.... yeah.....

Quoting belekas
Yes. Diamond usually are reversal patterns. Mr Igrok says that diamonds are continuation patterns as well. All depends on the inside formation sequences. I personally trade diamonds as reversal patterns.
A reversal, that sounds good, because we have been stuck with all these ranges, and they are borrrrrring! So euro down, dollar up, if oil hits resistance again?

Maarten
  • #25,586
  • Aug 29, 2008 9:00am Aug 29, 2008 9:00am
Quoting bksujal
since last 3 yrs in this crazy world and I can tell you one thing for sure.
Best trading days: TUESDAY & WEDNESDAY
Worst trading days: MONDAY & FRIDAY
I agree with you. I was told the same thing by my mentor. He said if I could, better avoid MONDAY and FRIDAY.
  • #25,587
  • Aug 29, 2008 9:00am Aug 29, 2008 9:00am
Quoting trading801
in particular, i notice personally it get worst after london closes....
hit the nail on the head
  • #25,588
  • Aug 29, 2008 9:01am Aug 29, 2008 9:01am
Quoting Gofer Pips
So, Belekas, your thoughts are trend change to favor of Euro?
We are still inside descending 4hr channel. Im not buying because i dont like countertrend trades, not my style. This might just be continuation diamond, i need to study it a little more. Im just selling all rallies.
  • #25,589
  • Aug 29, 2008 9:02am Aug 29, 2008 9:02am
it is liek a battering ram.. it hit on the 1.47 so many times..

each time the "gate" shakes my heart skipped a bit..

lol yes i am long.


OH oodlie did u managed to escape one of your short? or are you waiting for it to go down more?
  • #25,590
  • Aug 29, 2008 9:04am Aug 29, 2008 9:04am
At last.....it broke 1.4700
  • #25,591
  • Aug 29, 2008 9:04am Aug 29, 2008 9:04am
this is so bull euro

ECB worried about growth but no rate cut-MNSI sources
FRANKFURT Aug 29 (Reuters) - European Central Bank policymakers are increasingly worried about the rapidly cooling euro zone economy but inflation dangers are too high to justify cutting rates, news agency Market News International reported on Friday, citing unnamed sources.

MNSI quoted a senior Eurosystem source as saying that it was unlikely there would be any change to rates this year, in line with public comments by policymakers including Malta's Michael Bonello.

'I do not see any further rate hike or a possible cut by the end of 2008,' the source was quoted as saying.
  • #25,592
  • Aug 29, 2008 9:08am Aug 29, 2008 9:08am
Quoting trading801
it is liek a battering ram.. it hit on the 1.47 so many times..

each time the "gate" shakes my heart skipped a bit..

lol yes i am long.


OH oodlie did u managed to escape one of your short? or are you waiting for it to go down more?
thanks buddy.i escaped 2 shorts.i now have just one long at 4767 t0 clear.after that i am going to class to study for my petroleum geology exams.how was yor trading.hope you made good pips
  • #25,593
  • Aug 29, 2008 9:08am Aug 29, 2008 9:08am
7 M1 candles touched the 1.47 heee
  • #25,594
  • Aug 29, 2008 9:10am Aug 29, 2008 9:10am
Quoting oolides
thanks buddy.i escaped 2 shorts.i now have just one long at 4767 t0 clear.after that i am going to class to study for my petroleum geology exams.how was yor trading.hope you made good pips

phew i am really happy for you.. i was hoping so much u dont have to suffer like i did last time..

trading is above average for me today hee
  • #25,595
  • Aug 29, 2008 9:14am Aug 29, 2008 9:14am
why close your shorts?

market is going down
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  • #25,596
  • Aug 29, 2008 9:15am Aug 29, 2008 9:15am
Quoting riz79fx
why close your shorts?

market is going down

hmmm in my humble opinion i doubt so.. the euro pressure is so strong today...

so many bad news for euro and good news for us.. but not much shorting.. .. Horror G is still coming.. etc etc

of course i may well be wrong!
  • #25,597
  • Aug 29, 2008 9:16am Aug 29, 2008 9:16am
i am tempted to go long.this is probably not beating the 4700 down.i think going long is the safer of the two now
  • #25,598
  • Aug 29, 2008 9:17am Aug 29, 2008 9:17am
Quoting oolides
i am tempted to go long.this is probably not beating the 4700 down.i think going long is the safer of the two now
buddy as long as your margin supports your position

ie the 1-5% i was telling about... , risk is ok.. as investing / trading is all RISk

but if you are like close to margin calls.. DONT


my opinion
  • #25,599
  • Aug 29, 2008 9:20am Aug 29, 2008 9:20am
I dont know.. but oil rise.. stocks down... personal spending number was bad.. fundamentally good enough reasons for me to go long..Ive been buying since the drop.. technically.. I'll enter short when it reaches certain MA and other res.. I dont like to fight the trend too.. plus... its FRIDAY !
Money often costs too much...
  • #25,600
  • Aug 29, 2008 9:21am Aug 29, 2008 9:21am
Quoting riz79fx
Russia says will ensure oil to flow to Europe

DUSHANBE/MOSCOW, Aug 29 (Reuters) - Russia's energy minister and a top oil company denied on Friday they were preparing to cut oil flows to Europe in response to threatened sanctions, a step Moscow never took even at the height of the Cold War.
dont u guys notice this

just my 1 pip
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