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  • #38,641
  • Oct 9, 2008 9:24pm Oct 9, 2008 9:24pm
Quoting Driver55
I have at 3525 mediated my price
good call
T.S.
  • #38,642
  • Oct 9, 2008 9:33pm Oct 9, 2008 9:33pm
Quoting psiholog
the political blah blah reffered to all the bs the political figures give us. example...trichet and his still hawkish stance...bernanke/paulson and how much the bailout plan was needed and what happend after...the stock market dropped to its lowest values in years (dow more then 2000 points)...

btw...happy belated birthday!
I understood it like you say.

Thanks for the PSI, really appreciate.

The actual PA is not a retracement of the last up move, I see on the 4H TF a possible 1-2-3 pattern that could bring us to 68.2 fib in the 1.33 area.
BTW I got notice from FXsol that this move is hardly related to Yen pairs.
  • #38,643
  • Oct 9, 2008 9:35pm Oct 9, 2008 9:35pm
At this point I am of the opinion that it is going down more than up. The Asian sessioin traders are showing the sentiment everyone has.....the Thieves of Wall Street have driven the world economy into the crapper thru their greed and deceipt. And when things get bad on a global scale, everyone runs to the US dollar. As bad as it is here, everyone else knows we are dealing with it, and we have more staying power to deal with such a magnitude of crisis than does anyone else.....

The dye is cast. I believe the Euro and US sessions will follow suit, and continue to do so for some time to come. The US dollar is the only haven they all have, as bad as it is here in this country....as bad as it is going to get....it is better than it will be elsewhere.

The attached Daily chart shows the price has not even made it down to the 162% fib ext. level for the inner Bollinger band. This has only begun to drop....
Attached Image (click to enlarge)
Click to Enlarge Name: eu d 2 bollinger #1 10-09-09.gif Size: 42 KB
  • #38,644
  • Oct 9, 2008 9:48pm Oct 9, 2008 9:48pm
Quoting Algirdas
Now it's good to do Reentry:

EUR/USD Short near 1.3707
Algirdas, congrats, that was again an excellent call. What a pitty that I hadn't the time to analyse it, 1.3693 was closed enough.
  • #38,645
  • Oct 9, 2008 9:56pm Oct 9, 2008 9:56pm
here are how things stand currently...picture is pretty clean cut. a few days ago we broke out of a major downtrend channel. after that followed a retest of the wall then another bull wave up. all making higher highs and higher lows with each new gap being filled....which turned into a pattern that would repeat until a break up or down. this happened at the end of the us session (market makers saw my analysis and said screw you!)

anyways since then a new downtrend channel has developed with a middle wall acting as somewhat strong support and the lower wall connecting with the previous downtrend channel upper wall. this point is also interesting because it is where a double bottom would occur. from there...we can have an even greater break down or a bounce up and see a wave up like no other!...i still see 1.38 as a good possibility..anyways heres the chart

Attached Image (click to enlarge)
Click to Enlarge Name: current.gif Size: 48 KB
Different opinions highly valued, ignorant to slander.
  • #38,646
  • Oct 9, 2008 10:03pm Oct 9, 2008 10:03pm
I beginn to see the light
The best thing that can happen to you is to find out where you're wrong.
  • #38,647
  • Oct 9, 2008 10:05pm Oct 9, 2008 10:05pm
Quoting Driver55
I beginn to see the light
...and I hope it's not a train.
Not all sins are created equal
  • #38,648
  • Oct 9, 2008 10:07pm Oct 9, 2008 10:07pm
Quoting Jay Walker
...and I hope it's not a train.

Ok .. a sidecar


Edit:
Obviously the trend is short.
But at the 5min there are all prerequisites for a good long signal
The best thing that can happen to you is to find out where you're wrong.
  • #38,649
  • Oct 9, 2008 10:11pm Oct 9, 2008 10:11pm
anyone here thinks we could see 1.3500 very soon ?
  • #38,650
  • Oct 9, 2008 10:13pm Oct 9, 2008 10:13pm
a retest of that previous resistance 1.3555 was a good entry point to go short....which is what i have done. the most recent bull up was way over played and had no steam behind it. this week has been most frustrating so this friday i will scalp the bejeezus out of this mother on every wave...here i go...


Attached Image (click to enlarge)
Click to Enlarge Name: current.gif Size: 38 KB
Different opinions highly valued, ignorant to slander.
  • #38,651
  • Oct 9, 2008 10:18pm Oct 9, 2008 10:18pm
Quoting psiholog
a retest of that previous resistance 1.3555 was a good entry point to go short....which is what i have done. the most recent bull up was way over played and had no steam behind it. this week has been most frustrating so this friday i will scalp the bejeezus out of this mother on every wave...here i go...


Attachment

3555 ?? have you seen a 3555 ??
The best thing that can happen to you is to find out where you're wrong.
  • #38,652
  • Oct 9, 2008 10:18pm Oct 9, 2008 10:18pm
Quoting psiholog
... this week has been most frustrating so this friday i will scalp the bejeezus out of this mother on every wave...here i go...


Attachment
Uff been there, and in my case trading with revenge leads to fear, Fear leads to anger. Anger leads to hate . Hate leads to suffering (more losses). lol

  • #38,653
  • Oct 9, 2008 10:24pm Oct 9, 2008 10:24pm
Quoting kandarv
Uff been there, and in my case trading with revenge leads to fear, Fear leads to anger. Anger leads to hate . Hate leads to suffering (more losses). lol

Ad Nauseam...

I'm still in my long. It's on life support but so be it.
Not all sins are created equal
  • #38,654
  • Oct 9, 2008 10:28pm Oct 9, 2008 10:28pm
Quoting Driver55
3555 ?? have you seen a 3555 ??
Went to 3562 here.
  • #38,655
  • Oct 9, 2008 10:31pm Oct 9, 2008 10:31pm
Quoting doblece
Went to 3562 here.

yer.. but at 01.25h
The best thing that can happen to you is to find out where you're wrong.
  • #38,656
  • Oct 9, 2008 10:33pm Oct 9, 2008 10:33pm
Quoting Driver55
yer.. but at 01.25h
Nope. 10 minutes ago.
  • #38,657
  • Oct 9, 2008 10:38pm Oct 9, 2008 10:38pm
Quoting doblece
Nope. 10 minutes ago.
on the 5Min candle that end at 01.25h
on the 1Min candle that end on 01.24h
The best thing that can happen to you is to find out where you're wrong.
  • #38,658
  • Oct 9, 2008 10:47pm Oct 9, 2008 10:47pm
Quoting Driver55
on the 5Min candle that end at 01.25h
on the 1Min candle that end on 01.24h
Maybe we're talking about the same candles anyway, with all those broker's timezone differences...
Attached Images
  • #38,659
  • Oct 9, 2008 10:54pm Oct 9, 2008 10:54pm
Quoting doblece
Maybe we're talking about the same candles anyway, with all those broker's timezone differences...
We have the same chart ... Perhaps your indicates the beginning of candle while my chart indicates the end of the candle
The best thing that can happen to you is to find out where you're wrong.
  • #38,660
  • Oct 9, 2008 10:55pm Oct 9, 2008 10:55pm
Indeed.
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