Comments: The RSI calls for a drop.
http://www.tradingcentral.com/chart/...0929092504.GIF
On the path to Enrichment.
- #34,921
- Sep 29, 2008 3:09am Sep 29, 2008 3:09am
- | Joined Feb 2008 | Status: Live long and have fun :) | 1,386 Posts
- #34,923
- Sep 29, 2008 3:18am Sep 29, 2008 3:18am
- Joined May 2008 | Status: I Loose, I Win, I Conquer | 1,834 Posts
You guys are funny sometimes: you miss the bigger picture, chase moves, and forget that the market moves in waves and not in streight lines...
you might wanna look again..
i meant no direspect..
let every bird sing it's own song..
right... brother..
peace out...
Fools Rushing
- #34,926
- Sep 29, 2008 4:04am Sep 29, 2008 4:04am
- Joined May 2008 | Status: I Loose, I Win, I Conquer | 1,834 Posts
Fools Rushing
- #34,931
- Sep 29, 2008 4:45am Sep 29, 2008 4:45am
- Joined Mar 2007 | Status: Trader | 3,709 Posts
Sheesh, Jaywalker, it's amazing what it takes to bring you out of the cybercracks...
Anyway, I just peeked at the charts and saw my intial targets from like one and a half weeks ago have finally been hit. All the near term shorts from 4800ish either hit the TP's or got stopped out at various profits on the way back down, and the one remaining long term floater (with no SL) that has been a disturbance in my farce due to being in the red for the last 7-8 days has been knocking a'rd the entry point... basically back where I started from. TP for that one is down a'rd 1.4150.
It's always so exciting when those pesky TL's get penetrated... But here we are now at the tipping point again, as I last posted Fri PM, and we shall see what we see. For my part, I expect all that blank area to get filled up with candles under that Green TL...
So far so good...
http://www.forexfactory.com/showpost...ostcount=34096
Useless Random thoughts section...
1. Doblece, I agree with acumen about your trading observations... and you got great fractals as I already said. You really a girl tho? It's ok if you are. So's my wife
2. Suntrader, don't let the hogs eat you.
3. 5yxxx (that's all of your username I can ever remember ...)Hang in there.
4. Acumen... the more things change, the more they stay the same, huh?
5. Bemac... different week, sos. Waiting for the next pearl to come down ye olde pike...
6. If the gap really bothers you, expand your TF till you don't see it anymore, and then trade what you see. Or don't don't trade Sunday nites (even better)
7. Go Sarah.
- #34,932
- Sep 29, 2008 4:48am Sep 29, 2008 4:48am
- Joined Mar 2007 | Status: Trader | 3,709 Posts
problems with banks either europeans or the US may be exposed to outside europe markets, which doesnt necesary means euros problems...more or less i look relation euro=oil, then euro=bank...but euro doesnt have oil, and has a lot of banks...
- #34,933
- Sep 29, 2008 4:50am Sep 29, 2008 4:50am
- Joined Mar 2007 | Status: Trader | 3,709 Posts
A gap's going to close... but you might have to open the daily chart to see it.
- #34,934
- Sep 29, 2008 4:55am Sep 29, 2008 4:55am
- Joined Mar 2007 | Status: Trader | 3,709 Posts
hi guys.
i posted my calls from one week ago, post no ...#33114,#34479
forecasting Down trend movement, and you can open your Daily chart and see my targets come true again
(thanks allah).
here is my chart describe trend direction as everyone know the trend are down big time.
the Giant daily and weekly chart and we all know how the weekly chart is powerful to anticipate the trend direction .
and as you see no sign of trend reversal all my charts screeming (SHORT) from time ago.
& IF retrace happen and price raise up will come back and fall again like rock coz the trend is down baby down...
so only to be in the safe side i have to trade with the trend .
and dont forget the fundamental aspect..
the red arrows in my posts describe my future targets
hope be usefull to you partners.
trade well
- #34,937
- Sep 29, 2008 5:25am Sep 29, 2008 5:25am
- Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts
ok so after a weird open with a very "hushed" breakout during which i mostly slept we found ourselves in a situation where my edge tells me this bear move lacked one key sentiment..the bear sentiment. we have broken the previous walls of a major downtrend since 1.48 (forget about the triangles now). "usually" a retest of the breakout wall occurs however its not guaranteed. at this particular time we find ourselves in a falling wedge that has lasted 6 hours and the upper wall was just tested with breakout denied.
conclusion...continuation down with a bounce off 1.4360 or if that wall gets broken "sometime" we may see a retest of the previous downwards channel at 1.4450
Note to all new traders...as a cardinal rule in trading NEVER trade tired...i saw clearly what was going on earlier yet didn't think it out and traded against the trend....(bad bad bad)...i am still trading against the trend...still (bad bad bad)
conclusion...continuation down with a bounce off 1.4360 or if that wall gets broken "sometime" we may see a retest of the previous downwards channel at 1.4450
Note to all new traders...as a cardinal rule in trading NEVER trade tired...i saw clearly what was going on earlier yet didn't think it out and traded against the trend....(bad bad bad)...i am still trading against the trend...still (bad bad bad)
Different opinions highly valued, ignorant to slander.
- #34,938
- Sep 29, 2008 5:41am Sep 29, 2008 5:41am
- Joined May 2006 | Status: Still here. | 2,602 Posts
A gap's going to close... but you might have to open the daily chart to see it.
