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EURUSD

  • #35,501
  • Sep 30, 2008 3:43pm Sep 30, 2008 3:43pm
Quoting PipGal
BReakout time....
fade it...

trading against retailers... big banks done for day.
  • #35,502
  • Sep 30, 2008 3:44pm Sep 30, 2008 3:44pm
Quoting traderpinoy
psiholog, im not trying to play king here...nor trying to destroy your reputation here on the forum...doesn't gain me anything...sorry if my post offended you...i dont mean it that way.....we'll this is the internet and people can interpret the emotions used in the post.....

im also self taught based on that the price seems to be nothing but just going down....it is so steep, no reaction highs and no reaction lows......

if you think im wrong then i stand corrected....
here is a very important lesson i learned. price action ALWAYS goes in channels, whether its triangles or wedges or whatever...there is always an upper boundary and a lower boundary, sometimes these walls are visible on 1minute chart...sometimes 15minutes..sometimes only 4 hours..sometimes only months...the point is there is always a lower and higher wall. this is crucial in the world of trading because it creates breakout points. i used to think price action is only active at certain times, wrong...its active when a pattern nears completion and most often times those breakouts occur in the direction of the market sentiment.

i am not offended now..i was then...like master yoda said i am highly temperamental, psychology is my greatest asset and also my greatest weakness
Different opinions highly valued, ignorant to slander.
  • #35,503
  • Sep 30, 2008 3:44pm Sep 30, 2008 3:44pm
Quoting PipGal
Wow, this forum is so emotional. Like a girl.
Better to be emotional in our posts than when it is time to pull the trigger for a trade!
  • #35,504
  • Sep 30, 2008 3:45pm Sep 30, 2008 3:45pm
Quoting PipGal
Wow, this forum is so emotional. Like a girl.
We can be a bunch of bizitches.

I guess we figure if we can get in touch with out emotional side then we might be able to control it when we trade.
  • #35,505
  • Sep 30, 2008 3:48pm Sep 30, 2008 3:48pm
perfect example right here..this triangle could continue until the asian session...from the looks of it though it can break out any minute now...there is an upper wall and and a lower wall...price action will be determined when this particular "channel" goes above or below the given lines...exclude false breakouts..this triangle has taken over 5hours to reach this stage...but it may have taken 30minutes on a 1m chart..would it still not be a triangle then?

Attached Image (click to enlarge)
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Edit:it broke to the upside while i was typing...as expected given current market sentiment...the down move today has great fundamentals behind it but i think we all agree a partial retracement is required when such a massive move occurs..the only question remaining is whether its a false breakout
Different opinions highly valued, ignorant to slander.
  • #35,506
  • Sep 30, 2008 3:49pm Sep 30, 2008 3:49pm
ACUMEN
i have been studying your writings on your pivot point/psych trading forum. i have a Ques though.you mentioned something about a daily high and low. how do i determine those?
thanx
  • #35,507
  • Sep 30, 2008 3:49pm Sep 30, 2008 3:49pm
Quoting Gofer Pips
Better to be emotional in our posts than when it is time to pull the trigger for a trade!

I agree. Let it all out boys!

BTW, Psiholog, I greatly enjoy your posts and I'm learning from them, since I'm relatively new to forex. Thank you and keep up the great work
  • #35,508
  • Sep 30, 2008 3:54pm Sep 30, 2008 3:54pm
Quoting Gofer Pips
I knew you had checked the profile, I was just kiddin' around with you.

It is not example of my work but picture of uncle dad, and my brother son!
Jesums, Jethro!

Gettin' some of dem der pips to buy a new goat?
  • #35,509
  • Sep 30, 2008 4:05pm Sep 30, 2008 4:05pm
Quoting fxterrapin
Jesums, Jethro!

Gettin' some of dem der pips to buy a new goat?
I didn't think I liked you, but I was wrong. You so funny!
  • #35,510
  • Sep 30, 2008 4:08pm Sep 30, 2008 4:08pm
How would a bailout plan affect EUR/USD? Any ideas?
  • #35,511
  • Sep 30, 2008 4:14pm Sep 30, 2008 4:14pm
ahh I just woke up.. and found my TLO is not triggered.. such a wonderful trading day ... congratulation all bears Im gonna close my shorts now.. enough is enough
Money often costs too much...
  • #35,512
  • Sep 30, 2008 4:50pm Sep 30, 2008 4:50pm
Hi,
what do you thing of this?
Attached Image (click to enlarge)
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  • #35,513
  • Edited 6:17pm Sep 30, 2008 5:23pm | Edited 6:17pm
Now that we've retested the major trend line "starting in 2002" we have a good chance to see were this baby is going. It is the third major retest, which is when they are most likely to break. But no real clear signal yet, figure it will hang some what close to the TL for the next week, look at the first bounce to determine how far off the TL price will likely hang around "barring no significant news", in which time is a good area to determine overall sentiment. I do like to go with the assumption the trend is in affect until proven other wise, so I consider it still in a long term upward trend even if the current sentiment is down.
  • #35,514
  • Sep 30, 2008 5:32pm Sep 30, 2008 5:32pm
Quoting Algirdas
Next retreacment:

EUR/USD .... 1.4163 ... later Short
GBP/USD .... 1.7917 ... later Short
AUD/USD .... 0.7999 ... later Short
NZD/USD .... 0.6740 ... later Short

USD/CAD .... 1.0573 ... later Long
USD/JPY .... 105.50 ... later Long
USD/CHF .... 1.0470 ... later Long
EUR/USD retrecmant from 1.4050
If you took trade for retrecmant, take 1/2 profit for 50pips and move Stops to ENTRY
__________________
{Promotion Removed}
  • #35,515
  • Sep 30, 2008 6:00pm Sep 30, 2008 6:00pm
Does anybody here using AccuCharts? And if so do you know why I have no data from around 5:00am to 1:00pm. I just signed on and saw this.
  • #35,516
  • Sep 30, 2008 6:09pm Sep 30, 2008 6:09pm
my husband does and he is in same boat
  • #35,517
  • Sep 30, 2008 6:11pm Sep 30, 2008 6:11pm
Quoting shadeslay
Now that we've retested the major trend line "starting in 2002" we have a good chance to see were this baby is going. It is the third major retest, which is when they are most likely to break. But no real clear signal yet, figure it will hang some what close to the TL for the next week "barring no significant news", in which time is a good area to determine overall sentiment. I do like to go with the assumption the trend is in affect until proven other wise, so I consider it still in a long term upward trend even if the current sentiment is down.
You don't need a clear signal. It will break. The reason is that the N/U has already broken and bounced against it's 2001 TL. Also N/U correlates with E/U over the long term. It will break, the exact day on which it will break is unknown.
  • #35,518
  • Sep 30, 2008 6:12pm Sep 30, 2008 6:12pm
Quoting pip mom
my husband does and he is in same boat
I misread your name there for a second.
  • #35,519
  • Sep 30, 2008 6:13pm Sep 30, 2008 6:13pm
Quoting Gofer Pips
I didn't think I liked you, but I was wrong. You so funny!
  • #35,520
  • Sep 30, 2008 6:14pm Sep 30, 2008 6:14pm
Quoting falcon232
How would a bailout plan affect EUR/USD? Any ideas?

Flip a coin.
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