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  • #25,981
  • Sep 1, 2008 1:08am Sep 1, 2008 1:08am
Quoting sonicdeejay
In 10 mins time..German retail sales...
Any take guys??

sonic
wow, well it was down quite a large amount based off of the forexfactory figures. I guess this would mean that there should be a bit of a bias towards the downside at least in the immediate short term?
  • #25,982
  • Sep 1, 2008 1:37am Sep 1, 2008 1:37am
as usual these days, not much effect on prices via news..

heh
  • #25,983
  • Sep 1, 2008 1:39am Sep 1, 2008 1:39am
good morning everyone.hope we all have a nice piping week.whats the price of oil now.anyone please
  • #25,984
  • Sep 1, 2008 1:41am Sep 1, 2008 1:41am
Quoting trading801
as usual these days, not much effect on prices via news..

heh
hey.how was your weekend.hope you have been grabbing some pips.whats your bias today.long or short
  • #25,985
  • Sep 1, 2008 1:43am Sep 1, 2008 1:43am
Quoting oolides
good morning everyone.hope we all have a nice piping week.whats the price of oil now.anyone please
http://futuresource.quote.com/quotes/quotes.jsp?s=cl
http://futuresource.quote.com/quotes/quotes.jsp?s=qm
  • #25,986
  • Sep 1, 2008 1:45am Sep 1, 2008 1:45am
Quoting oolides
good morning everyone.hope we all have a nice piping week.whats the price of oil now.anyone please
http://www.livecharts.co.uk/MarketCharts/crude.php

if you go there then you can see it and it refreshes every minute.
  • #25,987
  • Sep 1, 2008 1:48am Sep 1, 2008 1:48am
Oil is up and gold has passed the EMA(13). Could be that we see the Euro start to rise a litle bit over the next hour or so?
  • #25,988
  • Sep 1, 2008 1:53am Sep 1, 2008 1:53am
Longs are becoming green slowly. GU more than EU . See some time if tp far away then take whatever in hand & repeat the same .

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #25,989
  • Sep 1, 2008 2:17am Sep 1, 2008 2:17am
crude just crossed 117.any hope for the dollar
  • #25,990
  • Sep 1, 2008 2:19am Sep 1, 2008 2:19am
lol oooldies bad day for me .. u?

r u long or short
  • #25,991
  • Edited 2:37am Sep 1, 2008 2:20am | Edited 2:37am
Quoting altrader
I'm not liking this range that we are in at the moment (30min time frame). Could this be another day like the last few when all we get is range movement?

I've noticed that psyche levels are much less reliable when we are range bound.

I think at that time, it is approproiate to change strategies into choosing tops and bottoms IF we are definitely within a range.
If you look at this chart I would say just the opposite.

They can't get any more reliable.

Price starts at the most important psyche level. 00 (.4800)

It moves down from there and bounces off a psyche level. (.4200)

It's in range between two psyche levels.

As I'm writing I just broke through a psyche level.

There's a system out there on how to trade EURO fractals - I'd suggest a quick perusal of it if you trade this pair.
Attached Image (click to enlarge)
Click to Enlarge Name: sep12008.gif Size: 9 KB
  • #25,992
  • Sep 1, 2008 2:27am Sep 1, 2008 2:27am
Quoting altrader
The gap fill killed me as well. lol. I have marked my iphone calandar as saying that I must not trade during the first few hours of the first session of the week. my phone alerts me on this now.
Gaps fill on this pair approximately 80% of the time.

Trading probabilities is what this market is about.

A 20% probability is one I'd stay away from.

I'd suggest not trading prior to the EURO session at the start of each week.

Mike
  • #25,993
  • Sep 1, 2008 2:35am Sep 1, 2008 2:35am
Quoting acumen
If you look at this chart I would say just the opposite.

They can't get any more reliable.

Price starts at the most important psyche level. 00 (.4800)

It moves down from there and bounces off a psyche level. (.4200)

It's in range between to psyche levels.

As I'm writing I just broke through a psyche level.

There's a system out there on how to trade EURO fractals - I'd suggest a quick perusal of it if you trade this pair.
Thanks acumen, I'll check out some info on fractals.

When I said that psyche levels have issues with range bound movement, I should have been more specific. Earlier last week I was doing very well using mostly psyche levels. Then the last few days I did badly.

If you flick to the 30minute chart and look at 28, 29 and 30th (from an Australian timezone point of view). Those are the days I had most problems. I am going to try to post a chart in a few mins time to show where I had these issues and maybe you can tell me where I'm going wrong.



  • #25,994
  • Sep 1, 2008 2:45am Sep 1, 2008 2:45am
most pairs are dropping against the dollar except for the euro/pound...this makes no sense
Different opinions highly valued, ignorant to slander.
  • #25,995
  • Sep 1, 2008 2:51am Sep 1, 2008 2:51am
Quoting acumen
If you look at this chart I would say just the opposite.

They can't get any more reliable.

Price starts at the most important psyche level. 00 (.4800)

It moves down from there and bounces off a psyche level. (.4200)

It's in range between two psyche levels.

As I'm writing I just broke through a psyche level.

There's a system out there on how to trade EURO fractals - I'd suggest a quick perusal of it if you trade this pair.
I've attached the image to this post. I'm keen to know what you think. I know my methods are a quite different to yours but I am looking at using some methods to use psyche levels.

Basically if it penetrates the psyche level by 10pips then I want to look to enter the trade. There are other factors involved as well ofcourse including support and resistance etc etc. But yeah, this is the basis of how I'm building my system. My reward to risk ratio is very very bad but I'm looking to have nearly 100% wins. This may seem impossible but this is what I'm trying to do at the moment.

Even if it is wrong and I have to adjust and dump this strategy, I am still learning from the process so it isn't wasted effort. I risk 1% per trade. I make strong use of channels as well on a 30min time frame.
Attached Image (click to enlarge)
Click to Enlarge Name: euroUSDpic.JPG Size: 237 KB
  • #25,996
  • Sep 1, 2008 2:55am Sep 1, 2008 2:55am
Quoting Justice2
Eur Jpy Is A Carry Trade Currency.the Euro Is Being Sold As The Yen Is Being Purchased.however Gbp Usd Is Dropping, Giving Strength To Usd

Have Fun Figuring It Out. Bye Now.

Justice2 For Bruce
EURJPY WAS a carry trade...

Now it's a SCARY trade...
  • #25,997
  • Sep 1, 2008 2:58am Sep 1, 2008 2:58am
Quoting psiholog
most pairs are dropping against the dollar except for the euro/pound...this makes no sense
my bad i looked at usd/jpy wrong rofl....


Edit:i am to be ignored today, i cannot handle the situation of today, today is twisted.
Different opinions highly valued, ignorant to slander.
  • #25,998
  • Sep 1, 2008 3:19am Sep 1, 2008 3:19am
AFP - 47 minutes ago
NEW ORLEANS, Louisiana (AFP) — Torrential rain and winds from Hurricane Gustav lashed the US Gulf coast early Monday after nearly two million people fled ...

So long for today right ? poor people we win money they loose homes
  • #25,999
  • Sep 1, 2008 3:21am Sep 1, 2008 3:21am
is anyone still alive in there or you have all being cleared by gustav
  • #26,000
  • Sep 1, 2008 3:25am Sep 1, 2008 3:25am
GBP enws coming..

i jumped in with a short..

hope for those 100 pip drop kind of things LOL
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