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  • #26,921
  • Sep 3, 2008 11:38pm Sep 3, 2008 11:38pm
Quoting psiholog
yea lets keep this on the eur/usd shall we...break up seems imminent but then again you never know..

billser
breakout to the south
  • #26,922
  • Sep 3, 2008 11:40pm Sep 3, 2008 11:40pm
Quoting 5ysfx
breakout to the south
boo you....north!!!!
Different opinions highly valued, ignorant to slander.
  • #26,923
  • Sep 3, 2008 11:43pm Sep 3, 2008 11:43pm
Quoting psiholog
dude you should not rely on what anyone has to say. it seems to me you pick a direction simply based on what you see being said in the forums. develop your own strategy and stick to it. at this time as much as anyone says long or short no one really knows. we are in a neutral area right now with possible breakout to topside or downside. to break up means 530 becoming a support...to break down 4465 has to become resistance....until then....scalp or something
you're right, I am scalping just got caught up in the down trend I am seeing and put a few to many shorts in. It is anyones guess just hoping for some words of comfort so I could go to sleep or at least be able to relax a little.

Thanks, M
  • #26,924
  • Sep 3, 2008 11:43pm Sep 3, 2008 11:43pm
Quoting psiholog
boo you....north!!!!
Our minds are perfect proof of neutral area here
  • #26,925
  • Sep 3, 2008 11:44pm Sep 3, 2008 11:44pm
Quoting sdapastor
you're right, I am scalping just got caught up in the down trend I am seeing and put a few to many shorts in. It is anyones guess just hoping for some words of comfort so I could go to sleep or at least be able to relax a little.

Thanks, M
when you scalp you shouldnt have more then one position open at one time as it could go against you in the blink of an eye....
Different opinions highly valued, ignorant to slander.
  • #26,926
  • Sep 3, 2008 11:45pm Sep 3, 2008 11:45pm
come on baby come on, keep going south!!!!
  • #26,927
  • Sep 3, 2008 11:46pm Sep 3, 2008 11:46pm
breaking 4485 should get the party started, unless it bounces.
  • #26,928
  • Sep 3, 2008 11:46pm Sep 3, 2008 11:46pm
Quoting psiholog
yea lets keep this on the eur/usd shall we...break up seems imminent but then again you never know..

billser
The rounding top on the hour chart?

The long term trend?

Seriously - All sarcasm aside.

What are you seeing?
  • #26,929
  • Sep 3, 2008 11:47pm Sep 3, 2008 11:47pm
Quoting psiholog
when you scalp you shouldnt have more then one position open at one time as it could go against you in the blink of an eye....
yes, I only scalp with one open position and depending on the trend I try and only scalp in that direction so to always be safe. Mostly happens that way not always.

Oh yeah, thanks though for the nice tip, preciate it. Happy pipping
  • #26,930
  • Sep 3, 2008 11:48pm Sep 3, 2008 11:48pm
Quoting akirax
breaking 4485 should get the party started, unless it bounces.
gravity is the strongest force known in the universe
  • #26,931
  • Sep 3, 2008 11:50pm Sep 3, 2008 11:50pm
Quoting 5ysfx
gravity is the strongest force known in the universe
In the equities world price falls 3 times faster than It rises.
  • #26,932
  • Sep 3, 2008 11:52pm Sep 3, 2008 11:52pm
Quoting acumen
In the equities world price falls 3 times faster than It rises.
noticed that, and for once I am on the right side of this one.
  • #26,933
  • Sep 3, 2008 11:55pm Sep 3, 2008 11:55pm
Quoting acumen
The rounding top on the hour chart?

The long term trend?

Seriously - All sarcasm aside.

What are you seeing?
the only thing for certain is the trend which started friday has been broken in the wee early hours of the morning, usually a breakout is retested to see if it was real or not. you could say that already happened early this morning on the hourly chart but then again since its a longer term trend another retouch may be needed which would create a new low. what do i see you ask? that its much closer to the resistance than the support, thats about it haha
Different opinions highly valued, ignorant to slander.
  • #26,934
  • Sep 3, 2008 11:55pm Sep 3, 2008 11:55pm
Quoting acumen
Are you using S/R?

Pivots?

Trading discretionary?
Acumen,

Sorry I really don't know what all of those mean. I am using an IBFX platform and have moving averages as given to me by some one who supposedly made a lot of money and then I just look at the m1 m15 m30 1h d1 to try and figure out what it is going to do.

Holding my own but not getting rich and learning along the way more and more each day.

thanks for asking, any insight?
  • #26,935
  • Sep 3, 2008 11:57pm Sep 3, 2008 11:57pm
Quoting 5ysfx
gravity is the strongest force known in the universe
opps..meant 4470
  • #26,936
  • Sep 3, 2008 11:57pm Sep 3, 2008 11:57pm
Is that support line 485 officially busted now?
  • #26,937
  • Sep 3, 2008 11:58pm Sep 3, 2008 11:58pm
Short target right now is 1.4440, as this is where 61Fib comes at.
  • #26,938
  • Sep 3, 2008 11:58pm Sep 3, 2008 11:58pm
Quoting acumen
In the equities world price falls 3 times faster than It rises.
These days we could treat eu like one of equities.

Id like to know ur opinion if u dont mind
Whats ur longer term view for eu nad oil prices 1.36 and 75$ or lower targets ?
  • #26,939
  • Sep 3, 2008 11:59pm Sep 3, 2008 11:59pm
Quoting psiholog
the only thing for certain is the trend which started friday has been broken in the wee early hours of the morning, usually a breakout is retested to see if it was real or not. you could say that already happened early this morning on the hourly chart but then again since its a longer term trend another retouch may be needed which would create a new low. what do i see you ask? that its much closer to the resistance than the support, thats about it haha
I'd keep that stop tight though.

I'm seeing some red on my chart right now.
  • #26,940
  • Sep 4, 2008 12:02am Sep 4, 2008 12:02am
3 new hurricanes coming after GUSTAV:
HANNA, IKE, and JOSEPHINE

should this affect oil and EURUSD or not?
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