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EURUSD

  • #36,261
  • Oct 2, 2008 12:00pm Oct 2, 2008 12:00pm
still running dangerously close to that trend line. a little too close for my taste. but it looks to be following it down.
  • #36,262
  • Oct 2, 2008 12:04pm Oct 2, 2008 12:04pm
Quoting kasper
still running dangerously close to that trend line. a little too close for my taste. but it looks to be following it down.
see this is another psychological aspect of trading. my interpretation is different...the closer it gets to that line without breaking it the more it suggests its a powerful resistance and the more i am inclined to short...well i have been short since 1.3864 but still...you get the idea its a matter of interpretation
Different opinions highly valued, ignorant to slander.
  • #36,263
  • Oct 2, 2008 12:06pm Oct 2, 2008 12:06pm
Quoting psiholog
see this is another psychological aspect of trading. my interpretation is different...the closer it gets to that line without breaking it the more it suggests its a powerful resistance and the more i am inclined to short...well i have been short since 1.3864 but still...you get the idea its a matter of interpretation
I'm with you psiholog. I am following that 15 min channel
  • #36,264
  • Oct 2, 2008 12:06pm Oct 2, 2008 12:06pm
"As of Sunday, October 5, 2008, FX Solutions trading hours will be Sunday at 17:15 ET to Friday at 16:30 ET."

Borkers changing swap rates, trading hours, merging with each other... Next thing you know, congress will be considering a BORKER BAIL OUT BILL.

Almost awesome alliteration...
FUBAR...
  • #36,265
  • Oct 2, 2008 12:09pm Oct 2, 2008 12:09pm
As am I!

Quoting PipGal
I'm with you psiholog. I am following that 15 min channel
  • #36,266
  • Oct 2, 2008 12:09pm Oct 2, 2008 12:09pm
Quoting psiholog
see this is another psychological aspect of trading. my interpretation is different...the closer it gets to that line without breaking it the more it suggests its a powerful resistance and the more i am inclined to short...well i have been short since 1.3864 but still...you get the idea its a matter of interpretation
understood. but, as most people here are uncertain of the direction this will take since we hit a new low, it has me paranoid.

in any case, i'm following the channel as well
  • #36,267
  • Oct 2, 2008 12:13pm Oct 2, 2008 12:13pm
to all who are with me know that i am merely speculating based on my feelings and in no way should be trusted into making a rational decision...im not even using indicators to assume what i just said
Different opinions highly valued, ignorant to slander.
  • #36,268
  • Oct 2, 2008 12:19pm Oct 2, 2008 12:19pm
I understand and appreciate your disclaimer I'm sticking with the channel based upon my own observation but sitting on my hands as well. Things are ranging far too much for my liking so I see no shame in sitting it out and waiting.

Quoting psiholog
to all who are with me know that i am merely speculating based on my feelings and in no way should be trusted into making a rational decision...im not even using indicators to assume what i just said
  • #36,269
  • Oct 2, 2008 12:21pm Oct 2, 2008 12:21pm
Quoting psiholog
to all who are with me know that i am merely speculating based on my feelings and in no way should be trusted into making a rational decision...im not even using indicators to assume what i just said
understood .. it's more of a confirmation of my own thoughts and ideas. range is narrowing. break should be soon.
  • #36,270
  • Oct 2, 2008 12:23pm Oct 2, 2008 12:23pm
Quoting psiholog
to all who are with me know that i am merely speculating based on my feelings and in no way should be trusted into making a rational decision...im not even using indicators to assume what i just said

Don't worry psiholog, we are not going to hire any lawyers if it breaks the channel What I see, I trade.
  • #36,271
  • Oct 2, 2008 12:25pm Oct 2, 2008 12:25pm
Quoting psiholog
to all who are with me know that i am merely speculating based on my feelings and in no way should be trusted into making a rational decision...im not even using indicators to assume what i just said
yea imma have to disagree with everyone. im following psiholog blindly. and if ur wrong imma cry and be living on the street. =P you better not be wrong!
  • #36,272
  • Oct 2, 2008 12:27pm Oct 2, 2008 12:27pm
Quoting PipGal
Don't worry psiholog, we are not going to hire any lawyers if it breaks the channel What I see, I trade.
Different opinions highly valued, ignorant to slander.
  • #36,273
  • Oct 2, 2008 12:27pm Oct 2, 2008 12:27pm
ok time is ticking - you go short or you go long people?
  • #36,274
  • Oct 2, 2008 12:28pm Oct 2, 2008 12:28pm
My sentiments exactly. And you're right, the range is narrowing. I think I'll grab some popcorn and wait for the show . Isn't it amazing how fast a fortune can be made or lost at a time like this?? I never go all in so I'll never be one that makes $1M on one trade but I'll never be part of the bloodbath either.

Quoting kasper
understood .. it's more of a confirmation of my own thoughts and ideas. range is narrowing. break should be soon.
  • #36,275
  • Oct 2, 2008 12:35pm Oct 2, 2008 12:35pm
well, I'm now convinced after todays pa that euro has broken the long-term TL. ECB should be dovish for at least a couple of years now, one or two more EU banks may fail. My target is the 50% retracement since 2001 at 1.22 zone.

It'll take some time getting there.

Have accumulated a very large position.

Enjoy the fall.
TRADE FOR SWAP
  • #36,276
  • Oct 2, 2008 12:35pm Oct 2, 2008 12:35pm
Quoting jdcompute
My sentiments exactly. And you're right, the range is narrowing. I think I'll grab some popcorn and wait for the show . Isn't it amazing how fast a fortune can be made or lost at a time like this?? I never go all in so I'll never be one that makes $1M on one trade but I'll never be part of the bloodbath either.
<-- got bloodied pretty bad today. but i'm still in the game!
  • #36,277
  • Oct 2, 2008 12:36pm Oct 2, 2008 12:36pm
i'm new here ... up or down?

i hold .3826 short ...
  • #36,278
  • Oct 2, 2008 12:42pm Oct 2, 2008 12:42pm
Quoting werlincorp
i'm new here ... up or down?

i hold .3826 short ...
did you get your answer?
  • #36,279
  • Oct 2, 2008 12:43pm Oct 2, 2008 12:43pm
well within the descending triangle we have seen over the past 4 days a new support line was established today which i like to call the "deciding factor"
in other words if that line is broken decisively we may reach the bottom wall of the descending triangle one more time...when and how long we'll be there...that i do not know

Attached Image (click to enlarge)
Click to Enlarge Name: current.gif Size: 35 KB



Edit:we just tapped it while i typed this..interesting

second edit:we just broke it while typing we tapped it...haha...lets see if it stays below now
Different opinions highly valued, ignorant to slander.
  • #36,280
  • Oct 2, 2008 12:44pm Oct 2, 2008 12:44pm
Quoting cgldsmth
well, I'm now convinced after todays pa that euro has broken the long-term TL. ECB should be dovish for at least a couple of years now, one or two more EU banks may fail. My target is the 50% retracement since 2001 at 1.22 zone.

It'll take some time getting there.

Have accumulated a very large position.

Enjoy the fall.
interesting.
its just money
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