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  • #29,081
  • Sep 10, 2008 3:51pm Sep 10, 2008 3:51pm
hmm just lost everything in my acct time to go bak to the drawing board
  • #29,082
  • Sep 10, 2008 3:52pm Sep 10, 2008 3:52pm
Quoting txfx
Bemac, don't sweat it... your "non eur/usd specific talk" is still better than 80% of what goes on in this thread of late. Good post in my opinion, but lost on many I'm sure.
You thought I missed it didn't you...
166 posts in 18 months...
My brain stings @ how much you have quietly observed.
  • #29,083
  • Sep 10, 2008 3:54pm Sep 10, 2008 3:54pm
opinion ....

retrace? or is it going to just go straight down?

never know when the wacky asian session comes into play.
  • #29,084
  • Sep 10, 2008 3:58pm Sep 10, 2008 3:58pm
Quoting kasper
opinion ....

retrace? or is it going to just go straight down?

never know when the wacky asian session comes into play.
Retrace IMHO.

GL/GT
  • #29,085
  • Sep 10, 2008 4:01pm Sep 10, 2008 4:01pm
Quote
opinion ....

retrace? or is it going to just go straight down?

never know when the wacky asian session comes into play.
Dunno... it breezed right through 1.50. Think the same will happen here? A lot of tension between buyers and sellers right now...

Just saw that there's speculation of a Fed rate drop again. Gads... not this again. That could really stir things up.
  • #29,086
  • Sep 10, 2008 4:03pm Sep 10, 2008 4:03pm
imo i think a retrace is in order. but, i'm a noob, so what do i know. in all honesty, i'm surprised at the direction its taking. especially with Lehman now on the brink and as you said, speculation of another rate cut.

on another note .... the Austrailian Dollar is trying to break past 0.8 as well.
  • #29,087
  • Sep 10, 2008 4:04pm Sep 10, 2008 4:04pm
Quoting JgrB
Retrace IMHO.


It could go anywhere it wants, but I am thinking retrace at the time of day and this is first break.
If it goes down past 1.3980 then I think we could head down fast as that may hit most stops.
  • #29,088
  • Sep 10, 2008 4:05pm Sep 10, 2008 4:05pm
3974
  • #29,089
  • Sep 10, 2008 4:09pm Sep 10, 2008 4:09pm
Psych levels sometimes pysch people out.
  • #29,090
  • Sep 10, 2008 4:11pm Sep 10, 2008 4:11pm
Quoting Bemac
You thought I missed it didn't you...
166 posts in 18 months...
My brain stings @ how much you have quietly observed.
I'm a scalper my friend. No time for frivolous posting. I'm an in depth reader to no end as I'm still a student of the markets... but alas, a scalper has precious little time for posting imho.

Keep posting B, I've been an avid reader of yours for some time

Peace and hair grease.
  • #29,091
  • Sep 10, 2008 4:22pm Sep 10, 2008 4:22pm
Quoting txfx
I'm a scalper my friend. No time for frivolous posting. I'm an in depth reader to no end as I'm still a student of the markets... but alas, a scalper has precious little time for posting imho.

Keep posting B, I've been an avid reader of yours for some time

Peace and hair grease.
I'm calling bullshit again.

I scalp every day and I have ample time for posting.

If you have no time for posting... where do you find the time read and study?



PS - Avid reader - in-depth is hyphenated.
  • #29,092
  • Sep 10, 2008 4:25pm Sep 10, 2008 4:25pm
Daily pivots as of 5pm est using data below.

H = 4177
L = 3990
C = 3998

On days like this, fib levels falling between the pivots may well be more useful than the pivots becuz of the large range between them. Use what works.
Attached Image
FUBAR...
  • #29,093
  • Sep 10, 2008 4:26pm Sep 10, 2008 4:26pm
will it hit till 1.3960?lool dis is insane!
  • #29,094
  • Sep 10, 2008 4:27pm Sep 10, 2008 4:27pm
Quoting Bemac
Thanks txfx, especially for going Against the grain.
I didn't realise I was off topic. {can someone tell me specifically why?}.

I was only offering MHO of the nesccesity of understanding Complete Market analysis {within reason} Before putting Your Cargo on The Line.

I was Trying to Help, Not hinder
Bemac,

I enjoyed your post. One can never think about the basics to much even if it involves fussy green balls.
At all times protect your capital.
Drive by anytime.

Jim
  • #29,095
  • Sep 10, 2008 4:28pm Sep 10, 2008 4:28pm
Central banks have been manipulating the prices for more than one month already...just waiting for low volume periods and they start playing around...
  • #29,096
  • Sep 10, 2008 4:30pm Sep 10, 2008 4:30pm
(DJ) DJ MARKET TALK: EUR/USD Likely To Slip Further In Asia - Trader


http://live.gftforex.com/news/dow_jones_logo.gif



2122 GMT [Dow Jones] EUR/USD is only going one direction, with further downside ahead as investors continue to liquidate positions, says Sydney-based trader. "Everyone is liquidating and taking their cash back home." Says JPY acting as safe haven. Doesn't pick a base for EUR/USD, as pair have some way to go yet. "People are still getting out." EUR/USD now 1.3988, above early low of 1.3975. (EGC)
"I spilled spot remover on my dog. He's gone now." - Steven Wright
  • #29,097
  • Sep 10, 2008 4:31pm Sep 10, 2008 4:31pm
Quoting acumen
I'm calling bullshit again.

I scalp every day and I have ample time for posting.

If you have no time for posting... where do you find the time read and study?



PS - Avid reader - in-depth is hyphenated.
Why am I posting? In response to Bemac's earlier post.
Where do I find the time to read and study? In between scalps.

Sorry for my typo acumen. I don't use a spell check, but feel I have a pretty good understanding of the English language...grammar included - will try and not let it happen again.

Scalping is an art form imo, thus each will have a different approach. Your posts are quite helpful to many and your style is apparently different than mine. No harm in that.

By "frivolous" I simply mean the myriad of useless blah blah that goes on in here. Nothing personal and no jabs. It is what it is.
  • #29,098
  • Sep 10, 2008 4:31pm Sep 10, 2008 4:31pm
I took a small shot at 1.39848
took a quick 10pips for half my size and await break even or a signal to get out.
  • #29,099
  • Sep 10, 2008 4:33pm Sep 10, 2008 4:33pm
Running in same downward channel since 8/26. Consolidate/range during Asian session. Partial retrace during London session. Then, only the newsmakers know.

Just mho(bservation). See chart.
Attached Image
Up or down, gimme a ticket
  • #29,100
  • Sep 10, 2008 4:36pm Sep 10, 2008 4:36pm
break of the 1.4 is a biiig deal,
didn't expect it by Friday.

I didn't even realize until I saw my pending orders floating;
"Everybody needs money. That's why they call it money" - Danny De Vito
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