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  • #40,941
  • Oct 22, 2008 6:08pm Oct 22, 2008 6:08pm
tsk tsk tsk

I know when I see the 5 or ten minute 20SMA on a downslope when entering tight BB on the hourly, it usually means drop.

Oh well a couple hundred bucks to me = billions of losses for funds and the absolute destruction of american wealth.

oh the humanity.

will add again, at 1.2660 if we get there.
  • #40,942
  • Oct 22, 2008 6:32pm Oct 22, 2008 6:32pm
Look like the 12th 4hr candle is more violent than the others too. So I think definitely there will be a retrace. Actually, there is a descending wedge on the 1 hr. And it is touching the bottom of that wedge right now which create a double bottom on the 15 min. So I would expect a bit of a retrace to 2850.



Quoting psiholog
i reentered again at 1.2829...this time keeping 40 pip stop loss as only a break down would take me out...in which case i switch sides again...a sacrifice well worth taking


Attachment

EDIT: all note how the majority says short...only 2 of us are long....be wise guys and choose the right side...
  • #40,943
  • Oct 22, 2008 6:34pm Oct 22, 2008 6:34pm
so fast or some thing like this...

best wishes all of you..
  • #40,944
  • Oct 22, 2008 6:35pm Oct 22, 2008 6:35pm
Quoting SeaPip
Look like the 12th 4hr candle is more violent than the others too. So I think definitely there will be a retrace. Actually, there is a descending wedge on the 1 hr. And it is touching the bottom of that wedge right now which create a double bottom on the 15 min. So I would expect a bit of a retrace to 2850.
Im also long bias and just went in.. my current longs could become scalping positions.. or maybe not
Money often costs too much...
  • #40,945
  • Oct 22, 2008 6:38pm Oct 22, 2008 6:38pm
Quoting TIckerShuffl
tsk tsk tsk

I know when I see the 5 or ten minute 20SMA on a downslope when entering tight BB on the hourly, it usually means drop.

Oh well a couple hundred bucks to me = billions of losses for funds and the absolute destruction of american wealth.

oh the humanity.

will add again, at 1.2660 if we get there.
You've been buying the last several days.

Are you done calling bottoms yet?
  • #40,946
  • Oct 22, 2008 6:45pm Oct 22, 2008 6:45pm
Quoting ak4x


Found my coffee anyway. Hey mike, you sound like I feel this morning. Ooops, it almost 2pm. Ok. my spot analysis... it's all down. Short the planet until it all hits bottom, then we'll see what's left... and trade that. Back later.

I have to go stand on a corner and ring a bell... you don't wanna quit your day job if your night job is trading forex...

And oh yeah, could you new guys please not quote ALL of tiger hutter huge print posts when all you want to do is ask him/them a question? He's on my ignore list, but when you quote them, I have to see them for a microsecond before I scream and can get scrolled past them.

He boiler plates those wretched things and changes the numbers every day on multiple threads. So what?
That's funny.
  • #40,947
  • Oct 22, 2008 6:47pm Oct 22, 2008 6:47pm
Same here. Enter at 2750. I am watching the 15 min candles and have SL below the current 15 min candle. I will watch around the 2790 to see if it will break if not I am out for 40 pips.



Quoting indotrader
Im also long bias and just went in.. my current longs could become scalping positions.. or maybe not
  • #40,948
  • Oct 22, 2008 6:51pm Oct 22, 2008 6:51pm
Quoting SeaPip
Same here. Enter at 2750. I am watching the 15 min candles and have SL below the current 15 min candle. I will watch around the 2790 to see if it will break if not I am out for 40 pips.
gluck then bro..
Money often costs too much...
  • #40,949
  • Oct 22, 2008 6:56pm Oct 22, 2008 6:56pm
Quoting SeaPip
Same here. Enter at 2750. I am watching the 15 min candles and have SL below the current 15 min candle. I will watch around the 2790 to see if it will break if not I am out for 40 pips.
I wonder really what a lion heart u have ...can u plz give us tips on how u open orders for these retraces ...u are a saw

And would like to give my sincere thanx to those great guys who are generous enough to tech us some of the knowledge they have ..names like Acumen, psi, btl, ak4, tiger hunter , algidras....Wish all of u get ur pips in this life and the eternal ...
  • #40,950
  • Oct 22, 2008 6:58pm Oct 22, 2008 6:58pm
Quoting fxterrapin
When fear is rampant fundamental analysis really isn't that helpful. Perception can be more important than anything else.
Couldn't tell if there was a gentle rebuke there or not... ok either way, and know that I do strongly agree with you on the fear factor thing in any event. If you know things are good, then you can move with confidence no matter which way the herd is running and be ok, as long as your actions do not require the cooperation of the herd, and... you wouldn't want to be standing in front of the herd. That would get ugly.

When the fear is groundless, that's one thing, when there is a genuine basis for real concern, that's no reason for debilitating fear, but a good scare helps to clear the mind of nonessentials, and you still have a responsibility to perceive the situation as accurately as you're able to, if for no other reason than to not become part of the problem. Additionally, there's always someone somewhere looking to you for the next move.

I maintain there is a genuine basis for concern of the highest order and room left over for a healthy dose of good old fashioned pip or get off the pot fear. If the last many weeks and months haven't confirmed that, then no worries. I wouldn't tell anyone where my happy place is either...

When the appetite for yen is as voracious and insatiable as it currently is, when UJ is going down, EJ is going down, not to mention nearly every other yen crossed or strongly correlated pair, then it's real simple to see that EU is NOT going to go UP in any measure. It matters not where any of us draw our lines, or what levels get hit, historic or otherwise. We're currently making history on a daily basis...

I keep looking to see if anyone has started a new thread for RETRACES ONLY, on affected pairs. Like with the Karate Kid, wax on/wax off becomes retrace on/retrace over... the only two things you need to know.

All new short entries are up +100-150 pips each in the time it took to eat dinner... Yes I know it's early pre asia. If it's got the oomph to get up there somehow, I'll short it.

I don't know how to say it any simpler than myself and several others have been saying it for sometime now... Personally, I'm shorting rallies or retraces on EU, EJ, and GY tfn for either fixed profits or scaled out entries that keep running depending on several factors. If and when the day comes I think that is changing, I probably won't trade at all for a week or so...

That day is not today.
FUBAR...
  • #40,951
  • Oct 22, 2008 7:00pm Oct 22, 2008 7:00pm
Quoting athahira
I wonder really what a lion heart u have ...can u plz give us tips on how u open orders for these retraces ...u are a saw

And would like to give my sincere thanx to those great guys who are generous enough to tech us some of the knowledge they have ..names like Acumen, psi, btl, ak4, tiger hunter , algidras....Wish all of u get ur pips in this life and the eternal ...
Welcome to the factory.

If you're new... or an old pro... NEVER trade against a trend like this.

You might get lucky once or twice but in the end... BAM... U LOSE.

m
  • #40,952
  • Oct 22, 2008 7:04pm Oct 22, 2008 7:04pm
Yesterday I posted a 1 minute chart showing the first phase of the Asian session torpedo, hypothesizing that maybe they had taken it lower to take on long positions at a more favorable price.....boy, was I wrong (unless this is still true on a macro scale)!

Well, they just torpedoed it again to the same area. So, is this NOW a Double Bottom for a magnificent run up. Or, like yesterday, just the first phase of a massive new takedown.....?
Attached Image (click to enlarge)
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  • #40,953
  • Oct 22, 2008 7:05pm Oct 22, 2008 7:05pm
Quoting acumen
You've been buying the last several days.

Are you done calling bottoms yet?
And the destruction of American wealth, not mine and anyone else who have been short since forever it seems.
  • #40,954
  • Oct 22, 2008 7:05pm Oct 22, 2008 7:05pm
No I don't have a lion heart. Far from it. If you read carefully, this is just scalping since I saw double bottom on the 15 min chart. I am out 75 already when they halted. So I got only 25 pips instead of the 40 I was aiming for. Don't get me wrong I am still Short bias until the chart tell me otherwise


Quoting athahira
I wonder really what a lion heart u have ...can u plz give us tips on how u open orders for these retraces ...u are a saw

And would like to give my sincere thanx to those great guys who are generous enough to tech us some of the knowledge they have ..names like Acumen, psi, btl, ak4, tiger hunter , algidras....Wish all of u get ur pips in this life and the eternal ...
  • #40,955
  • Oct 22, 2008 7:08pm Oct 22, 2008 7:08pm
Quoting acumen
Welcome to the factory.

If you're new... or an old pro... NEVER trade against a trend like this.

You might get lucky once or twice but in the end... BAM... U LOSE.

m
Yes, yes and yes!
  • #40,956
  • Oct 22, 2008 7:09pm Oct 22, 2008 7:09pm
Dang I should have stay in oh well. 25 is better than 10 I hope you stay in Indo Trader.


Quoting athahira
I wonder really what a lion heart u have ...can u plz give us tips on how u open orders for these retraces ...u are a saw

And would like to give my sincere thanx to those great guys who are generous enough to tech us some of the knowledge they have ..names like Acumen, psi, btl, ak4, tiger hunter , algidras....Wish all of u get ur pips in this life and the eternal ...
  • #40,957
  • Oct 22, 2008 7:11pm Oct 22, 2008 7:11pm
Quoting SeaPip
Dang I should have stay in oh well. 25 is better than 10 I hope you stay in Indo Trader.
Im still in bro.. Im lucky..
Money often costs too much...
  • #40,958
  • Oct 22, 2008 7:15pm Oct 22, 2008 7:15pm
Good for you. See I am have no lion heart and bail out quickly. What was that 5 min candle all about?? Like a NFP or something. Or did the Japanese just got to work and press the wrong button again Short anyone???


Quoting indotrader
Im still in bro.. Im lucky..
  • #40,959
  • Oct 22, 2008 7:17pm Oct 22, 2008 7:17pm
Quoting Hissinger
I don't care how much manifesting your own destiny you're doing. That logic will make you bankrupt.
this is not the first time you insult me. save your lame comments. i dont criticize you or your strategy. we all know as traders there is certain risk involved in every trade. we are correct sometimes, we are incorrect sometimes....nothing is foolproof. i thought i saw a good opportunity...it didnt turn out to be...ok..thats one trade that did not go my way but you see me crying about it?..no...i said it was a risk worth taking. so what did i do?...i followed what went on next...the next best opportunity?...you know where i saw it?...1min chart...inverted head and shoulder...you know what i did?...i entered at the formation of the second shoulder....i made 100pips that trade and that put me 60pips + if you take that 40pips away. so please...if you dont have any constructive to say...dont say it at all


Attached Image (click to enlarge)
Click to Enlarge Name: current.gif Size: 27 KB
Different opinions highly valued, ignorant to slander.
  • #40,960
  • Oct 22, 2008 7:17pm Oct 22, 2008 7:17pm
Quoting SeaPip
Good for you. See I am have no lion heart and bail out quickly. What was that 5 min candle all about?? Like a NFP or something. Or did the Japanese just got to work and press the wrong button again Short anyone???
no idea SeaPip.. Thanks bro! btw isnt that a dark cloud pattern ? (stil learning )

all pairs are moving but yen crosses..
Money often costs too much...
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