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  • #31,021
  • Sep 16, 2008 10:52pm Sep 16, 2008 10:52pm
Warning... coded message below. Be sure and get out your Orphan Annie Secret Society decoder pin to decipher its meaning.

Hope you're well Bemac - thanks for sharing your views here.

Off to the gym.

Quoting Bemac
I don't know how low it can go but from what I've read on this thread, I suspect that there will be a bunch of you Selling at a break of ~1.4070.

Then you will be asking for advice when it stalls @ 1.4050...


So here it is...
1.4019 looks like the Bear target @ the moment but the longer it takes to run @ it, the lower the Target will go. I feel the Bulls will hold the line {for now} @ the 1.4000 mark. {which means a Low of 1.3985} and start a new battle. One which I suspect they will subsequently lose.

Calling ahead to 1.36xx for Bed & Breakfast.
  • #31,022
  • Sep 16, 2008 10:52pm Sep 16, 2008 10:52pm
Quoting Fulltime247
Tdion - My EA getting kicked in the teeth too (and i'm built too take advantage of small blips) - I've never seen such small-rise choppy market this thing cant make up his mind. The Martingale people are cleaning up right now but I dont play with fire.
So if the direction is uncertain and the action choppy what does that tell you?
  • #31,023
  • Sep 16, 2008 10:53pm Sep 16, 2008 10:53pm
Quoting TIckerShuffl
I had you on ignore, but I could not pass this up since your "follower" felt obligated to use a ROLF emoticon supporting your childish commentary. Can you be more specific about my literary skills? Frankly I am not impressed with the four sentence structure of your post, as it sounds like a 9 year old (as you referred to yourself recently) and the "I mean - middle school," is not even a valid sentence. Those in glass houses should not throw stones, I am sure you have heard.

I am prepared to present and compare some of my literary critiques I have written on some of the classic works by Joyce, H. D. lawrence or Tim O'Brien to name a few, if you would like to present one first. For the time being I will leave you off ignore and look forward to analyzing your writing.
Evidence accepted. Any further dispute on this claim shall be discussed outside the realm of this thread. PLEASE
  • #31,024
  • Sep 16, 2008 10:57pm Sep 16, 2008 10:57pm
Quoting TIckerShuffl
So if the direction is uncertain and the action choppy what does that tell you?
Trade at your own risk?!? Best to watch from the sidelines.
  • #31,025
  • Sep 16, 2008 10:57pm Sep 16, 2008 10:57pm
Where is ur SL for eu longs ?
  • #31,026
  • Sep 16, 2008 11:04pm Sep 16, 2008 11:04pm
Quoting Bemac
Don't know if I qualify in your esteem but my previous post is my reply.

AND Just so I don't have to Past Post Post;
Failing that, we could be heading for a Test of 1.465x. {my momentum measures are on the floor & turning North}

Thanks,

I have cut and pasted many of your previous posts into workbooks. I hope that lets you know if I think you qualify. LOL.

Still don't get that trend line reflection stuff.
Redefining Reality
  • #31,027
  • Sep 16, 2008 11:04pm Sep 16, 2008 11:04pm
I am currently short and looking to take 25pips of profit.

entered at 1.41587

I have a take profit at 1.41330 and have a wide emergency stop loss.
  • #31,028
  • Sep 16, 2008 11:06pm Sep 16, 2008 11:06pm
Quoting Bemac
Evidence accepted. Any further dispute on this claim shall be discussed outside the realm of this thread. PLEASE
LOL, okay...hehe.
  • #31,029
  • Sep 16, 2008 11:15pm Sep 16, 2008 11:15pm
eurozone trade balance in a few hours
could it be good ?
i dont think so

btw candle has closed below 7 ema
  • #31,030
  • Sep 16, 2008 11:17pm Sep 16, 2008 11:17pm
Quoting ThePipsMaker
Trade at your own risk?!? Best to watch from the sidelines.
I like the market right now. We will see how I feel in the morning, however. But I think this looks like it's ready to rock to the upside. Most time frames have the pair pulling off an intermediate term bottom. Perhaps when London gets in the mix the fireworks will start. Two things I am watching are Oil and Europe market performance. Good news is what Eurozone needs to get the momo back - even if it US news - as we have seen how connected the two really are.

Disclaimer: Don't take my advice, I am prepared to lose money; this is a gamble for me and I do not expect to win them all. All comments are personal observations and not recommendations.
  • #31,031
  • Sep 17, 2008 12:04am Sep 17, 2008 12:04am
Quoting TIckerShuffl
I like the market right now. We will see how I feel in the morning, however. But I think this looks like it's ready to rock to the upside.
I agree. It would seem that a new bull wave will begin soon. I won't be surprised if we reach close to 4550 today. Of course, now, before it started, it's still quite uncertain. Watch the weekly pivot at 4174, watch monthly s1 at 282. If it gets above 43 today should keep sailing north for quite a while...

Good luck to all
On the path to Enrichment.
  • #31,032
  • Sep 17, 2008 12:13am Sep 17, 2008 12:13am
Quoting Jurrasic
I agree. It would seem that a new bull wave will begin soon. I won't be surprised if we reach close to 4550 today. Of course, now, before it started, it's still quite uncertain. Watch the weekly pivot at 4174, watch monthly s1 at 282. If it gets above 43 today should keep sailing north for quite a while...

Good luck to all
It is hard to predict long term like that for me. One thing for sure is that it is very likely that it will test the 4200 level and will probably come back to test the 4150 level again.

I think it is hard to predict when you have a bottom or a top.
  • #31,033
  • Edited 12:43am Sep 17, 2008 12:21am | Edited 12:43am
Quoting piptechnician
Everyone sees fundamentals and "macroeconomics" from their own political bias.

What I thought was the most interesting part of that article was;

"On the other hand, the tendency of the euro in the past weeks to depreciate against the US dollar benefits German exporters."
political bias?

Market is all about supply and demand, it's in fact the basic reason why we even have a market.

Adding supply diminishes demand.

Adding more money to the market makes it less valuable.

This is not political, this is very basic stuff.

edit: As is the part that exports usually grows when currency gets cheaper. That's why I find interesting that trade balance is estimated to shrink.
  • #31,034
  • Sep 17, 2008 12:22am Sep 17, 2008 12:22am
Quoting Jurrasic
I agree. It would seem that a new bull wave will begin soon. I won't be surprised if we reach close to 4550 today. Of course, now, before it started, it's still quite uncertain. Watch the weekly pivot at 4174, watch monthly s1 at 282. If it gets above 43 today should keep sailing north for quite a while...

Good luck to all
been saying that past 2 days...maybe today is magic day...
Different opinions highly valued, ignorant to slander.
  • #31,035
  • Edited 12:55am Sep 17, 2008 12:39am | Edited 12:55am
Quoting mikkom
political bias?

Market is all about supply and demand, it's in fact the basic reason why we even have a market.

Adding supply diminishes demand.

Adding more money to the market makes it less valuable.

This is not political, this is very basic stuff.
101% agree with that..
But sometimes mkt can react irrational too....before it ultimately follow the fundamental,,,,,
BTW..I am not BULL nor Bear..I try to interpret what my chart try to tell me and tade..

ECB inject EURO...means more freshly printed EURO flooding in t mkt...but if it is their reseved euro... it will create demand for euro...

Sonic
  • #31,036
  • Sep 17, 2008 12:41am Sep 17, 2008 12:41am
Hmm... While the direction of the move may be uncertain, the way it all looks, it could be quite the move today. Will also watch for this big hourly triangle break. I know it faked a few times just expanding itself instead of breaking out, but now it feels this could be the real thing...
On the path to Enrichment.
  • #31,037
  • Sep 17, 2008 12:50am Sep 17, 2008 12:50am
ahh finally..
Money often costs too much...
  • #31,038
  • Sep 17, 2008 12:53am Sep 17, 2008 12:53am
Quoting indotrader
ahh finally..
Yeah, bull train could very well be departing the station here.
On the path to Enrichment.
  • #31,039
  • Sep 17, 2008 12:56am Sep 17, 2008 12:56am
This message goes out to all the new traders. It is a concept I still am struggling with myself. Lets say you have a long bias (long or short bias is good thats what indicators are for). You place an order and it goes against you, your stop loss is hit and psychologically your hurt. Instead of jumping right back into the market take a little time, analyze the situation and ask yourself, why was I wrong, it could even be a simple matter such as entering a trade too soon just to see your stop get hit and then continue in the direction you placed your order. This particular scenario should tell you...ok...i entered too soon so how do i enter at the right time next time. Analyzing mistakes and learning from them is the difference between becoming a successful consistent trader and the 95% who eventually give up after many margin calls and eventually no more money in their account.

I will use sunday as an example for myself. I was long since open, there was alot of bullish momentum, my indicators said buy buy buy. I made a decent profit but then after the high was reached it started dropping like a rock. Still I did not take the time to analyze why was it dropping and traded against the trend for the rest of the night...my gains gone and even entered the - for the day. My own taurus horns impaled me. Long story short...learn from mistakes people do not repeat them endlessly.
Different opinions highly valued, ignorant to slander.
  • #31,040
  • Sep 17, 2008 1:00am Sep 17, 2008 1:00am
Quoting psiholog
This message goes out to all the new traders. It is a concept I still am struggling with myself. Lets say you have a long bias (long or short bias is good thats what indicators are for). You place an order and it goes against you, your stop loss is hit and psychologically your hurt. Instead of jumping right back into the market take a little time, analyze the situation and ask yourself, why was I wrong, it could even be a simple matter such as entering a trade too soon just to see your stop get hit and then continue in the direction you placed your order. This particular scenario should tell you...ok...i entered too soon so how do i enter at the right time next time. Analyzing mistakes and learning from them is the difference between becoming a successful consistent trader and the 95% who eventually give up after many margin calls and eventually no more money in their account.

I will use sunday as an example for myself. I was long since open, there was alot of bullish momentum, my indicators said buy buy buy. I made a decent profit but then after the high was reached it started dropping like a rock. Still I did not take the time to analyze why was it dropping and traded against the trend for the rest of the night...my gains gone and even entered the - for the day. My own taurus horns impaled me. Long story short...learn from mistakes people do not repeat them endlessly.
at least they should
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