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  • #29,801
  • Sep 12, 2008 7:47am Sep 12, 2008 7:47am
http://www.bloomberg.com/apps/news?p...Etw&refer=home

I think we have seen bottom and we will see some move up in next week(s).
  • #29,802
  • Sep 12, 2008 7:47am Sep 12, 2008 7:47am
Quoting psiholog
take a look at the weekly chart, if we hold this current level(or higher), there will be plenty of buying opportunities next week
but i wanna play now!!!! oh well, like my grandma always said, patience is a virtue, waiting won't hurt you.
  • #29,803
  • Sep 12, 2008 7:52am Sep 12, 2008 7:52am
Quoting kstorm88
but i wanna play now!!!! oh well, like my grandma always said, patience is a virtue, waiting won't hurt you.
right now it looks like a good buy but, we dont know where the top is (so close to breaking that upper downtrend line), you could enter for it just to reverse on you right after placing buy. if you must do something...wait for retreats and scalp those....whoa my smaller position hit profit while typing this...200pip gain now...hmmm...should i call it a day
Different opinions highly valued, ignorant to slander.
  • #29,804
  • Sep 12, 2008 7:53am Sep 12, 2008 7:53am
I'll try shorting from 4180 tight SL of course
Money often costs too much...
  • #29,805
  • Sep 12, 2008 7:55am Sep 12, 2008 7:55am
i m not in any position now.looking to go in but really confused
  • #29,806
  • Sep 12, 2008 7:59am Sep 12, 2008 7:59am
i am holding on to my shorts.. sigh
  • #29,807
  • Sep 12, 2008 8:00am Sep 12, 2008 8:00am
I think the way the chart's shaking up we'll range around 42 and go down to at least 41 on monday, before there's a dicision for the larger direction. We'll see on monday but potentialy could turn out to be an easy 100 pips. Just hit the utl of the past 2-3 weeks though so could just rebound from here or break it and continue up more..
On the path to Enrichment.
  • #29,808
  • Sep 12, 2008 8:04am Sep 12, 2008 8:04am
i will short at 1.4215 if reached...20pip stop loss....for it to go higher than that today...really insane
Different opinions highly valued, ignorant to slander.
  • #29,809
  • Sep 12, 2008 8:05am Sep 12, 2008 8:05am
it works.. not bad 10 pips lol
Money often costs too much...
  • #29,810
  • Sep 12, 2008 8:05am Sep 12, 2008 8:05am
crap my internet went down at 141.37 and I was about to long just came back on
  • #29,811
  • Sep 12, 2008 8:06am Sep 12, 2008 8:06am
Quoting doughnut
Looks like my banker buddy was right 1.4200
any chance your banker buddy sees this going back to 1.3900?
  • #29,812
  • Sep 12, 2008 8:08am Sep 12, 2008 8:08am
Quoting trading801
i am holding on to my shorts.. sigh
so you have been shorts since.wow today was purelylongs and although i didnt make much,i didnt lose either.i am still 1600 pips from my last margin call.learning gradually
  • #29,813
  • Sep 12, 2008 8:08am Sep 12, 2008 8:08am
Quoting psiholog
yes!!!...first take profit hit finally at 1.4149....now for my smaller position at 1.4180....not that it makes a difference...woot a good friday for me...140pips gain so far
nice job man.

i got 55 pips today thru going long and scalping. tempted to go back in but i actually packed it up for today. keeping my profits!

have a good weekend everybody
  • #29,814
  • Sep 12, 2008 8:09am Sep 12, 2008 8:09am
Quoting indotrader
it works.. not bad 10 pips lol
lol i couldnt resist...i put in a short too at 1.4182...dont see it going much higher for the time being, hourly chart looks good for a red candlestick...stop loss 20 pips...well see
Different opinions highly valued, ignorant to slander.
  • #29,815
  • Sep 12, 2008 8:11am Sep 12, 2008 8:11am
Quoting trading801
no worries.. i clicked wrong stuff on mt4.. worst..

sell instead of buy

a position order instead of close

LOL

Yup, been there too. I hate those times.
  • #29,816
  • Sep 12, 2008 8:12am Sep 12, 2008 8:12am
wow what a wonderful day for me.i bet on this long and it just got there at once how lovely for me.happy trading all and a wonderful weekend to all traders who succeded in this week.just my 200pips
  • #29,817
  • Sep 12, 2008 8:12am Sep 12, 2008 8:12am
Quoting psiholog
lol i couldnt resist...i put in a short too at 1.4182...dont see it going much higher for the time being, hourly chart looks good for a red candlestick...stop loss 20 pips...well see
hehe good luck Im about to readd short again either 4180 again or 42 tight SL again of course..
Money often costs too much...
  • #29,818
  • Sep 12, 2008 8:15am Sep 12, 2008 8:15am
if uptrend line broken...could hit weekly 50% fib again at 1.4155 or even go as low as the earlier established trendline
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Different opinions highly valued, ignorant to slander.
  • #29,819
  • Sep 12, 2008 8:15am Sep 12, 2008 8:15am
Quoting finian204rea
wow what a wonderful day for me.i bet on this long and it just got there at once how lovely for me.happy trading all and a wonderful weekend to all traders who succeded in this week.just my 200pips
congratulation have a nice weekend too !
Money often costs too much...
  • #29,820
  • Sep 12, 2008 8:19am Sep 12, 2008 8:19am
Hi there,

Please advise why is there a major change in trend when the weekly and daily fib says that it will drop down to 50%.

As you see there is a major weekly & monthly support on the chart could this create a change in trends?
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