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  • #27,341
  • Sep 4, 2008 7:08pm Sep 4, 2008 7:08pm
Quoting don.key
OK.

I admit, I got my lesson.

But, here is the question to old dogs in the market:

What happened in the last hour is not a very usual thing, isn't it? I mean, go down with asian session, yes but someone doing THIS in the total market "hole" got to be something special!
I believe it was the Asian banks that sent this currency up recently.

They can also send it south just as fast.
  • #27,342
  • Sep 4, 2008 7:10pm Sep 4, 2008 7:10pm
i am done with any bias, last night was the last time, just not worth it, too many market makers setting up traps just when you think its safe. instead do what i do best. during the day most of the time trends develop, clear visible trends with clear visible strong support/resistance lines. to say which direction it will go from there is foolish(learned my lesson). it can break out either way at any time, news or no news, patterns or not, just the trend walls are clear.
Different opinions highly valued, ignorant to slander.
  • #27,343
  • Sep 4, 2008 7:12pm Sep 4, 2008 7:12pm
If you want to play today, be prepared to dig deep.

You dont use illiquid markets to unwind positions.This move has been forced by a large player to exaggerate.They have hit the soft side and got maximum impact.
Days like these cost you heaps.Fundamentals and technicals dont count.The Asian session will be very choppy and thin which means erratic price movements.
Play at your peril but for me I prefer to put my cue in rack.
The Blood bank have got their plastic plasma bags ready to catch the first drop.
  • #27,344
  • Sep 4, 2008 7:12pm Sep 4, 2008 7:12pm
Quoting acumen
So you think the FED caused the Asian session dive?

LOL.



Do you know any federal employees?

They don't work past 5... ever.
Touché

Maarten
  • #27,345
  • Sep 4, 2008 7:13pm Sep 4, 2008 7:13pm
I realized that it's much easier to trade with common sense and just Fib and s/r lvl. That's where i got my profit today

Forget about all the other indicators, this is much better.
  • #27,346
  • Sep 4, 2008 7:16pm Sep 4, 2008 7:16pm
Quoting psiholog
i am done with any bias, last night was the last time, just not worth it, too many market makers setting up traps just when you think its safe. instead do what i do best. during the day most of the time trends develop, clear visible trends with clear visible strong support/resistance lines. to say which direction it will go from there is foolish(learned my lesson). it can break out either way at any time, news or no news, patterns or not, just the trend walls are clear.

Welcome to the world of intra-day trading.

When the elephant moves - jump on for a ride.

Small profits day in and day out = large account over time.
  • #27,347
  • Sep 4, 2008 7:17pm Sep 4, 2008 7:17pm
Quoting Maarten999
Touché

Maarten
I like you.

Don't leave the thread.

m
  • #27,348
  • Sep 4, 2008 7:20pm Sep 4, 2008 7:20pm
Quoting acumen
Welcome to the world of intra-day trading.

When the elephant moves - jump on for a ride.

Small profits day in and day out = large account over time.
yep and scalping those daily trends is easy, just buy at the low and sel at the high given there is enough volatility (like right now) with tight stop loss just in case. fibs work well within these channels
Different opinions highly valued, ignorant to slander.
  • #27,349
  • Sep 4, 2008 7:22pm Sep 4, 2008 7:22pm
When you look around for something to buy and the only thing left is Yen you know the world is stuffed.
  • #27,350
  • Sep 4, 2008 7:24pm Sep 4, 2008 7:24pm
True. I am out of ideas right now. Just hanging on to some shorts.
  • #27,351
  • Sep 4, 2008 7:25pm Sep 4, 2008 7:25pm
Quoting acumen
I like you.

Don't leave the thread.

m
Don't worry, I won't leave the thread! (well.... maybe I will leave, when I lost all my money, my parents savings, my college money and the dogs vacation money, but that would be the worst case scenario )

Maarten
  • #27,352
  • Sep 4, 2008 7:26pm Sep 4, 2008 7:26pm
i'm walking away for a while. rollercoaster day for me. need to clear my head. see all of you tomorrow ... maybe
  • #27,353
  • Sep 4, 2008 7:28pm Sep 4, 2008 7:28pm
Does that look like a bearish flag on the 30 min?
Redefining Reality
  • #27,354
  • Sep 4, 2008 7:29pm Sep 4, 2008 7:29pm
Quoting piptechnician
Does that look like a bearish flag on the 30 min?
it looks like one on the 5 min too.
  • #27,355
  • Sep 4, 2008 7:31pm Sep 4, 2008 7:31pm
Quoting kasper
it looks like one on the 5 min too.

I thought you were going to clear your head. Your addicted.
Redefining Reality
  • #27,356
  • Sep 4, 2008 7:33pm Sep 4, 2008 7:33pm
Quoting piptechnician
I thought you were going to clear your head. Your addicted.
i would be lying if i said I wasnt. but you just happened to post as I was signing off.
  • #27,357
  • Sep 4, 2008 7:34pm Sep 4, 2008 7:34pm
LOL, I could not resist.

Since no one commented whether I was annoying earlier, I figured I was and needed to keep it up.
Redefining Reality
  • #27,358
  • Sep 4, 2008 7:42pm Sep 4, 2008 7:42pm
Eur/Usd

Here a look at what may be occurring ! ........

--------------------------------------------------
Only Probability, .........Not Cast in Stone !

-------------------------------------------------

http://i37.tinypic.com/n5h1mh.gif
  • #27,359
  • Sep 4, 2008 7:45pm Sep 4, 2008 7:45pm
can someone explain to me why the dollar continued to rally even when crude supplies were lower than expected?
Different opinions highly valued, ignorant to slander.
  • #27,360
  • Sep 4, 2008 7:48pm Sep 4, 2008 7:48pm
Quoting psiholog
can someone explain to me why the dollar continued to rally even when crude supplies were lower than expected?
Because there were more buyers in the market than sellers at the time ......
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