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  • #28,101
  • Sep 8, 2008 5:51am Sep 8, 2008 5:51am
long or short will be better for this moment?
  • #28,102
  • Sep 8, 2008 5:54am Sep 8, 2008 5:54am
Quoting kasper
if only I had left my position open before I went to sleep. oh well. would have had a nice surprise this morning.
Thats exactly what happened for me. Good morning...Nice 200 pips to start off the week. I may call it a week now..lol
  • #28,103
  • Sep 8, 2008 5:55am Sep 8, 2008 5:55am
Quoting alsup1955
Thats exacting what happened for me. Good morning...Nice 200 pips to start off the week. I may call it a week now..lol
if I got the nice 200 pips. I definitely would call it a week. no need to get greedy!
  • #28,104
  • Sep 8, 2008 5:58am Sep 8, 2008 5:58am
Quoting hanindo2000
imo long for me ,hammer in m30 and potential hammer too in h1 ,and phisolog right ,is already 280 pips

1000 pips in a day
if the next hourly candle opens higher after the hammer I'm long
  • #28,105
  • Sep 8, 2008 6:00am Sep 8, 2008 6:00am
I think some orderly short covering is in order. The gap had to be played, but over all there could be a trend change in the works. Just off teh cuff I haven't been watching too closely the past few months, but I think the Retracement from the highs is pretty much over. When TV shows start hyping the dollar long it's likely over.
  • #28,106
  • Sep 8, 2008 6:01am Sep 8, 2008 6:01am
Quoting bksujal
if the next hourly candle opens higher after the hammer I'm long
opened LOWER....i see more bs on the way although ive been long =/
Different opinions highly valued, ignorant to slander.
  • #28,107
  • Sep 8, 2008 6:01am Sep 8, 2008 6:01am
guys i'm new in here ,but i curious why you all not chat in tradingrooms.com ,nice place in there,can have chart share ,etc.
  • #28,108
  • Sep 8, 2008 6:02am Sep 8, 2008 6:02am
Quoting psiholog
opened LOWER....i see more bs on the way although ive been long =/
So I'm flat no positions currently
  • #28,109
  • Sep 8, 2008 6:02am Sep 8, 2008 6:02am
there is these very ugly hammar in the 1 hr chart.i think its now safe to go longs.i told you guys i was going to talk to my friends(tritchet and bernanke)lol
  • #28,110
  • Sep 8, 2008 6:03am Sep 8, 2008 6:03am
Quoting hanindo2000
guys i'm new in here ,but i curious why you all not chat in tradingrooms.com ,nice place in there,can have chart share ,etc.
i don't know about the features and its really complicated why don't you host a room we all will join?
  • #28,111
  • Sep 8, 2008 6:04am Sep 8, 2008 6:04am
heres a question for the "pros". how long does a downtrend/uptrend usually last in terms of days/weeks on the eur/usd?
Different opinions highly valued, ignorant to slander.
  • #28,112
  • Sep 8, 2008 6:07am Sep 8, 2008 6:07am
I went long @ 1.4210. Hope It will work for me. I think that we can go over .4300 today.

Mike
  • #28,113
  • Sep 8, 2008 6:07am Sep 8, 2008 6:07am
i afraid i cannot ,i just newbie ,hope senior in here can help.
i feel that hard if i must refresh my page every time ,if want to see a new chat in here.

the site is www.tradingrooms.com
  • #28,114
  • Sep 8, 2008 6:08am Sep 8, 2008 6:08am
the last few weeks defied any ~ numbers , so trying to say how much a up/down lasts is like peeing against the wind.
simple....
  • #28,115
  • Sep 8, 2008 6:17am Sep 8, 2008 6:17am
Quoting Airmos
the last few weeks defied any ~ numbers , so trying to say how much a up/down lasts is like peeing against the wind.
I'll remember this one!
Trade the reaction, not the news!
  • #28,116
  • Sep 8, 2008 6:21am Sep 8, 2008 6:21am
Seems a little uncertain around current levels, patience may prevail the long seeking a trend reversal. Just a guess though.
  • #28,117
  • Sep 8, 2008 6:23am Sep 8, 2008 6:23am
I think all the talks are nothing but guessing now. Wait until NY opens, then it will be clearer.

NY usually jerks this one around pretty bad
  • #28,118
  • Sep 8, 2008 6:23am Sep 8, 2008 6:23am
Quoting psiholog
heres a question for the "pros". how long does a downtrend/uptrend usually last in terms of days/weeks on the eur/usd?
Psiholog, click on the various timeframes in your trading platform. I clicked on W1 and MN and saw some interesting stuff:
7/6/2008 - Present - Down
11/13/05 - 7/6/08 - Up
12/26/04 - 11/13/05 Down
1/7/01 - 12/26/04 Up

There are lots of smaller trends inside larger ones, but this is a good place to start, I think.
Up or down, gimme a ticket
  • #28,119
  • Sep 8, 2008 6:32am Sep 8, 2008 6:32am
Quoting SpecialEd
Psiholog, click on the various timeframes in your trading platform. I clicked on W1 and MN and saw some interesting stuff:
7/6/2008 - Present - Down
11/13/05 - 7/6/08 - Up
12/26/04 - 11/13/05 Down
1/7/01 - 12/26/04 Up

There are lots of smaller trends inside larger ones, but this is a good place to start, I think.
thanks for the tip..will have to do sometime...considering its 4:30am here ill stick to what i see now.
possible retracement to 1.4320 if 1.4235 gets broken....possible 1.4400+ if 1.4320 gets broken OR new low to 0.0000 if 1.4200 gets broken
Different opinions highly valued, ignorant to slander.
  • #28,120
  • Sep 8, 2008 6:33am Sep 8, 2008 6:33am
Decided to lock in gains...wait to see how things go...8.3% is good for start of week.

I just got back into forex I need to do a little more analysis to see what the big picture looks like. The key will be to not over analyze and remember to stay nimble.

Im done for today... good luck all!
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