...Just wait guys....we r learning new lesson in forex: PATIENCE 
- #39,902
- Oct 17, 2008 7:46am Oct 17, 2008 7:46am
- Joined Aug 2008 | Status: Fear makes us see who we really are | 4,822 Posts
They think they are smarter than I am.
Too much for me!
I see that we will see a new gap that will lead us to north or south, the gap will tell.
Forex right now is not suitable to trade.
DAMN, I am stuck!!!
especially in US session, its now driven by stocks http://www.actionforex.com/
Money often costs too much... 
- #39,904
- Oct 17, 2008 7:47am Oct 17, 2008 7:47am
- Joined Aug 2008 | Status: Fear makes us see who we really are | 4,822 Posts
They think they are smarter than I am.
my long SL will be around 3380 (below) if support broken then will bring retest to another low of 3340.. then.. 3256 lowest low.. becarefull guys, its friday.. wish you all best of luck !
pay attention to DOW, stocks drive the market
Money often costs too much...
- #39,906
- Oct 17, 2008 7:59am Oct 17, 2008 7:59am
Which direction? Should go north. I dont care how slowly if it just goes
...so its confirmed going north....patience confirmed it.....thats the hard lesson i learned from forex...hope all of u guys got ur pips ..
Happy weekend for all....
- #39,909
- Oct 17, 2008 8:14am Oct 17, 2008 8:14am
I got my 15 pips ..and i ran away ...enough for this week ...
so its confirmed going north....patience confirmed it.....thats the hard lesson i learned from forex...hope all of u guys got ur pips ..
Happy weekend for all....
-------------------------------------------------------
u make only 15 pips a week?
- #39,910
- Oct 17, 2008 8:39am Oct 17, 2008 8:39am
and if i have enough balance...i will run with 5 pips ..just increase the lot size...but poor men like me ...have to at least get 10 pips or above for closing the trade ( one trade i mean....) ...and my advise is: the less trade u make and wait clear opprtinity ..the more likely u will succeed....
ok. that's a good trade strategy. i usually use 20 pips / trade
- #39,911
- Oct 17, 2008 8:48am Oct 17, 2008 8:48am
- Joined Aug 2008 | Status: Fear makes us see who we really are | 4,822 Posts
Took some time to head north, yawn
They think they are smarter than I am.
- #39,912
- Oct 17, 2008 9:11am Oct 17, 2008 9:11am
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
FUBAR...
- #39,916
- Oct 17, 2008 9:29am Oct 17, 2008 9:29am
- | Commercial User | Joined Mar 2008 | 9,070 Posts
I hate it...so d@mn much,,,
when it climb..it climbs like snail..
when it slide, it drops like a free fall...
Sonic
when it climb..it climbs like snail..
when it slide, it drops like a free fall...
Sonic
- #39,919
- Oct 17, 2008 9:40am Oct 17, 2008 9:40am
Don't hate it...just remember, the TREND is your friend, in this case your accelorator. Since we are in the downtrend, every climb up will be hard and slowly. And the higher/harder hill we climb up will mean a much more smoother ride coming down because it show RESISTANCE!
I hate it...so d@mn much,,,
when it climb..it climbs like snail..
when it slide, it drops like a free fall...
Sonic
- #39,920
- Oct 17, 2008 9:44am Oct 17, 2008 9:44am
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
... here's my best guess at this point... consolidation at or a'rd current levels in a maybe 200 pip range for awhile. Look at the chart...
Ellipses show the hesistation to go higher or lower just now. Lots of flat doji's showing lots of indecision. There it is. Anybody reading this thread could have done the same or better. Took me all of 15 seconds to come up with that, becuz that's all I see right now. Hundreds of points up and down on global markets, double digit % numbers being lost and regained in the markets on a daily basis, and don't forget them TRILLIONS... And we get a few dozen pips, an M4 hit, and lots of doji's at the end of the day....
The 200 pip range estimate seems to have mostly held thru the week. As far as I know, I think I caught almost every rally except when I was gone installing ceiling fans for the widows. Gravity has been a wonderful trading partner this last couple weeks. You don't need any of my charts to see where the current weekly candle is looking to finish up. Yikes. I spose I could get back this PM and be surprised tho... Gravity may fail.
Off to the fresh bagel joint, and then to finish up those ceiling fans. l still have no chalk, but think I know where to get some. I'm gonna check it out this weekend at the dollar store, oops, I meant to say the yen store.
Trade careful all, bulls trade even carefuller.
FUBAR...