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  • #28,181
  • Sep 8, 2008 9:22am Sep 8, 2008 9:22am
Quoting acumen
Honestly Robert,

You really don't need my help.

I'll be happy to add comments here and there - but I believe your background should make the move to currencies - this pair in particular - fairly straightforward.

You've already grasped the system.

You understand markets.

You're reviewing trades... etc.

I'll add...

I often use psyches as take profit levels in concert with PP.

This simplest solution is almost always the most effective. (Occam)

Are you applying pivots to the 15 min chart and entering on lower TFs?

I believe you are.

I believe the 15m chart gives a nice overview of intra-session direction.

Nice trading.
Sincerely appreciate the words of confidence. Sure, I feel I have a solid footing with my background but nonetheless, plenty to be gained from your insight. As long as you don't mind giving me your input, I will happily accept: it can only make me a better trader.

You pegged me correct Mike....pivots, using your indicator from the site on M15, entry signals on lower TF's.

Occam...indeed!
Thanks for the feedback
  • #28,182
  • Sep 8, 2008 9:25am Sep 8, 2008 9:25am
we are currently holding at that 23.6 fibbo point i cant short if we dont break it sometime today. ever since friday it has been refusing to lock a candle below 1.4193

i really hope it breaks it today.
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #28,183
  • Sep 8, 2008 9:28am Sep 8, 2008 9:28am
Quoting 5ysfx
May i know ur opinion in very long term about oil Mike ?

http://www.forexfactory.com/showpost...2&postcount=20
My opinion is really based on several oil analysts and quants that have been highly accurate over the last few years.

But surely I'll give you my opinion.

100/90 seems more than likely near term.

80 sometime next year.

Not in a straight line.

We've been fleeced by the Saudis and others long enough.

Boone and company have a lot of coin to throw behind his plan and a lot of followers at very high levels of government.

Should McCain/Palin get elected they will press for Off shore drilling and tapping the the North shore.

I honestly believe we (US) have seen the writing on the wall and will adopt any anti-oil alternative we can.

If we don't - then oil goes to 300/barrel by 2010.
  • #28,184
  • Sep 8, 2008 9:34am Sep 8, 2008 9:34am
Boy, this 14200 battle gets boring. They should finally go up or down. (Up preferred).
  • #28,185
  • Sep 8, 2008 9:36am Sep 8, 2008 9:36am
Seems like 1.4200 is a strong support .. haw many of you thinks that will be break it ?
  • #28,186
  • Sep 8, 2008 9:37am Sep 8, 2008 9:37am
Quoting acumen
Thanks.
Just saw this.

Crude +$.60 at $106.825

Kind of holding steady ATM.
  • #28,187
  • Sep 8, 2008 9:37am Sep 8, 2008 9:37am
Quoting got pips?
we are currently holding at that 23.6 fibbo point i cant short if we dont break it sometime today. ever since friday it has been refusing to lock a candle below 1.4193

i really hope it breaks it today.
no i dont have such hope,..i believe we will see 1.4333 before anything...bulls are slowly,..and if suport holds, we may climb up slowly,...i know monthly and weekly chart are in bearish teritory,..but european manufacturing is back on track, by the end of next week,..it will be in Full power across europe,..and dont forget 21. sept. ...the election in my country,...left or right,...left good for euro,..right will be bad, ...thats how i think,...lets see...
its just money
  • #28,188
  • Sep 8, 2008 9:39am Sep 8, 2008 9:39am
Quoting SunTrader
Just saw this.

Crude +$.60 at $106.825

Kind of holding steady ATM.
100 or a bounce.

You follow oil closely.

m
  • #28,189
  • Sep 8, 2008 9:39am Sep 8, 2008 9:39am
Quoting don.key
Boy, this 14200 battle gets boring. They should finally go up or down. (Up preferred).
market is to oversold my opinion it will go up for the last time and then will heroic fall down .
  • #28,190
  • Sep 8, 2008 9:42am Sep 8, 2008 9:42am
Quoting scuturici
market is to oversold my opinion it will go up for the last time and then will heroic fall down .
Unless Pending Home Sales m/m tomorrow comes out bad. I think it will bounce very well then.
  • #28,191
  • Sep 8, 2008 9:43am Sep 8, 2008 9:43am
Quoting acumen
My opinion is really based on several oil analysts and quants that have been highly accurate over the last few years.

But surely I'll give you my opinion.

100/90 seems more than likely near term.

80 sometime next year.

Not in a straight line.

We've been fleeced by the Saudis and others long enough.

Boone and company have a lot of coin to throw behind his plan and a lot of followers at very high levels of government.

Should McCain/Palin get elected they will press for Off shore drilling and tapping the the North shore.

I honestly believe we (US) have seen the writing on the wall and will adopt any anti-oil alternative we can.

If we don't - then oil goes to 300/barrel by 2010.
Thank you for their outlook

300$/b
You know what this mean for europe and especially emerging markets.
Domino effect. even 200$/b will be lethal for Spain and Poland economy thats about 90mln ppl. Who will feed all hungry and angry ppl ?

Question is:

Will it drop below 75$/b or will not ?
  • #28,192
  • Sep 8, 2008 9:44am Sep 8, 2008 9:44am
Quoting scuturici
Seems like 1.4200 is a strong support .. haw many of you thinks that will be break it ?

This long drawn consolidation at 1.42 should lead to a spectacular breakout later...

It's anyone's guess now....

To add, Fed's Fisher (a noted hawk) will be speaking later. Perhaps he might just lend a boost to the USD?
  • #28,193
  • Sep 8, 2008 9:47am Sep 8, 2008 9:47am
Quoting 5ysfx
Thank you for their outlook

300$/b
You know what this mean for europe and especially emerging markets.
Domino effect. even 200$/b will be lethal for Spain and Poland economy thats about 90mln ppl. Who will feed all hungry and angry ppl ?

Question is:

Will it drop below 75$/b or not ?
The Saudis have said they won't let it go below 80/b.

I believe them.

Right now - they are in control.
  • #28,194
  • Sep 8, 2008 9:48am Sep 8, 2008 9:48am
I might long this unit shoud it climbs back up to 1.424x territory..
"Building Wealth By Confidence, Consistency, & Compounding"
  • #28,195
  • Sep 8, 2008 9:50am Sep 8, 2008 9:50am
still read the post
  • #28,196
  • Sep 8, 2008 9:50am Sep 8, 2008 9:50am
Quoting acumen
I honestly believe we (US) have seen the writing on the wall and will adopt any anti-oil alternative we can.
I hope you will.

USA and Europe are by far the worst Oil wasters on this planet.

When I make enough money on Forex to build my luxury villa, I will make sure that it will be as energy saving as possible.
  • #28,197
  • Sep 8, 2008 9:50am Sep 8, 2008 9:50am
Quoting acumen
The Saudis have said they won't let it go below 80/b.

I believe them.

Right now - they are in control.
Thanks
So lets wait for 80$/b then
  • #28,198
  • Sep 8, 2008 9:51am Sep 8, 2008 9:51am
Quoting scuturici
Seems like 1.4200 is a strong support .. haw many of you thinks that will be break it ?
We flirted below this level earlier today but since then been hanging tough
  • #28,199
  • Sep 8, 2008 9:55am Sep 8, 2008 9:55am
Quoting 5ysfx
Thanks
So lets wait for 80$/b then
that would mean euro at 1.3666?, ...80s....hm

highs 80+160=270 usd
lows 55+x=270/2; x=135-55=80...

it makes sense
its just money
  • #28,200
  • Sep 8, 2008 9:59am Sep 8, 2008 9:59am
Quoting acumen
100 or a bounce.

You follow oil closely.

m
I think it is headed to $100 for a bounce because I see support at $100 besides it being a round number.

Beyond that who knows.
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