current quote at 1.3461 http://www.forex-markets.com/quotes.htm
while the trend is still down... last day was a consolidation day... possible reversal? I see good support levels at 1.3400.. so it can go another 200 pips down and then reverse.
- #40,002
- Oct 19, 2008 7:52am Oct 19, 2008 7:52am
- | Membership Revoked | Joined Aug 2008 | 1,097 Posts
- #40,005
- Oct 19, 2008 12:58pm Oct 19, 2008 12:58pm
- Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts
my honest opinion...price will remain contained until market open between 1.3460 and 1.3390...i dont think market makers want breakout of the triangle just yet...to be seen in the next 12 hours
....3 hours left
Different opinions highly valued, ignorant to slander.
- #40,006
- Oct 19, 2008 1:07pm Oct 19, 2008 1:07pm
- Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts
Different opinions highly valued, ignorant to slander.
- #40,008
- Oct 19, 2008 2:20pm Oct 19, 2008 2:20pm
- Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts
Awful quiet it is today....
in other words when there is nothing going on like right now people are bored asking themselves..wheres the action..hah..get used to it folks...this "boring" market will return when things stabilize..
Different opinions highly valued, ignorant to slander.
- #40,010
- Oct 19, 2008 2:29pm Oct 19, 2008 2:29pm
- Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts
We'll still get some action, maybe no today but what I meant was that it is quiet on this thread. Usually at this time on sunday theres a lot of posts and people around this thread.
Different opinions highly valued, ignorant to slander.
thats what i meant...i do expect a big rally up whenever it will occur, but for the time being..there is no action like you said..no action means everyone is gone...not paying attention to this slow pre market action...wait a few hours for market open then people will flock in looking for direction for this coming week
- #40,012
- Oct 19, 2008 2:37pm Oct 19, 2008 2:37pm
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
FUBAR...
- #40,013
- Oct 19, 2008 2:46pm Oct 19, 2008 2:46pm
- Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts
What's your estimation on the direction going forward from here??
Different opinions highly valued, ignorant to slander.
well like my post portraying the triangle we are in suggests...we are close to breakout and it will happen sometime today...whether its up or down...who knows...where there is a false breakout first...who knows..where there is a breakout followed by a retest of the breakout wall then continuation in the breakout direction...who knows...i will call it as i see it when it happens
I helps staying emotionless and trade accordingly. I'm not there yet but on my way.
- #40,015
- Oct 19, 2008 3:07pm Oct 19, 2008 3:07pm
- Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts
Good, you do the \"Trade what you see and not what you think\"
I helps staying emotionless and trade accordingly. I'm not there yet but on my way.
trade what you see and not what you think is one of the best mottos in forex...i hope we all apply it
Different opinions highly valued, ignorant to slander.
- #40,018
- Oct 19, 2008 3:41pm Oct 19, 2008 3:41pm
- Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts
well...it wasnt the case until friday haha....
I do the same mistake over and over again but getting better, now I hate the news and politic stuff, I shut of the TV, radio and Internet explorer (even this thread) during trading and concentrate me on my chart.
I try not to trade scalping during news hours.
Mike, thanks, I'm fine, hope your wife don't touch your trading capital for the party.
AK4X, thanks for the link to the blog, looks interesting.
...it was 2 pips ...this confirm of high volatility