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  • #41,321
  • Oct 23, 2008 4:25pm Oct 23, 2008 4:25pm
Quoting SunTrader


My chart told me to hold shorts, but price didn't want to stop, so shorts Closed last retrace.
I suggest shorts below 1.32 to do the same.
Gann can tell us a lot of thing. Price did not respect Gann, so I do not respect Price.
This up move can well be a false move, but I will not risk.
As ALG told, hold shorts as long as you can, but that it is for older shorts, not for my 1.2920 and 1.2930 Shorts.

P.S I want it to put here a chart, but my freaking Internet connection are refusing to upload whatever I want, not only here at forum.
  • #41,322
  • Oct 23, 2008 4:34pm Oct 23, 2008 4:34pm
For anybody that appreciates this kind of thing... excerpt from my alert service.

But with the yen as the strongest currency in the world, Japan’s high value-added goods, such as cars and electronics, will look increasingly unappealing to consumers worldwide during tough times. Tokyo may attempt measures to diminish the yen’s value to make its exports more attractive, but the upward pressure of the unwinding carry trade will not easily be reversed....

... the budget is deep in deficit and the national debt is the largest in the world. Japan’s trade surplus supplies its foreign currency reserves, which are currently very deep at almost $1 trillion. (This serves as Japan’s rainy-day fund.) But in the long run, if Japan cannot maintain trade surpluses, it cannot replenish its reserves, and it loses its last bit of protection against economic storms.

10 pips to anybody who can remember the all time Nikkei high 20 years ago... :nerd:
FUBAR...
  • #41,323
  • Edited 4:50pm Oct 23, 2008 4:38pm | Edited 4:50pm
A nice and easy 50 pips.

Actually the S&R line should be a tad lower - rushed it to take the picture. None the less it was one of the easier trades I've seen.
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  • #41,324
  • Oct 23, 2008 4:53pm Oct 23, 2008 4:53pm
EU 2hr chart. Likin what I see...

Self explanatory I hope.

The time is 6:53 CST. I may do some trading in 7 minutes...

Central Pivot (2932) at 1 pip below M3 makes it irrelevant tonite.
Attached Image
FUBAR...
  • #41,325
  • Oct 23, 2008 4:58pm Oct 23, 2008 4:58pm
Quoting ak4x
...

10 pips to anybody who can remember the all time Nikkei high 20 years ago... :nerd:
38,915.87 on December 29, 1989.
  • #41,326
  • Oct 23, 2008 5:00pm Oct 23, 2008 5:00pm
Quoting ak4x
EU 2hr chart. Likin what I see...

Self explanatory I hope.

The time is 6:53 CST. I may do some trading in 7 minutes...

Central Pivot (2932) at 1 pip below M3 makes it irrelevant tonite.
OK, I'll bite. Are you expecting it to bounce big off that downward trend line just below 2900? It may have just done that.

Thanks for all your posts AK4X. I'd be lost right now if not for you.
Up or down, gimme a ticket
  • #41,327
  • Oct 23, 2008 5:01pm Oct 23, 2008 5:01pm
just woke up...missed 2 rides...up and down =/...each 100pips...ah well its cool. now i know where to enter long after this retracement with no strength behind it (just creates more room for upmovement)....entry at one of those gray spots...either a tap of the lower wall...or a break of the upper wall

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Different opinions highly valued, ignorant to slander.
  • #41,328
  • Oct 23, 2008 5:03pm Oct 23, 2008 5:03pm
Quoting ak4x
10 pips to anybody who can remember the all time Nikkei high 20 years ago... :nerd:
38951 and I have a chart for it.
  • #41,329
  • Oct 23, 2008 5:15pm Oct 23, 2008 5:15pm
hi traders

i sent here from two weeks ago my calls for euro+cable
i forecast the continuation of the down trend.
another breakout confirm the down trend in both euro and british pound.


euro+cable:

i opened one short position @ 1.4700 area in euro & @ 1.74.xx in cable
and price now almost 2000 pip profit in each.


i like to thanks all other great traders to give me the chance to see my targets come true .
so the question now where the price is going?
the answer in the trend
the trend is down i wait for another 1000 pip before i close my positions.
as i said before no matter price go up will fall like rock
coz the trend is down
i hope you great traders have fun with price coz i already did..hahaha
and don't forget the fundamental aspect!!!!!
and to be clear to you
all the buyers and the sellers are here in those threads and you know the forex basic rule
only 20% win and the other 80% loss
so try to figure it out by your mind
yea they fool you and Robb your money
they said the price is going up and you will find the price is going down and visa verse,try to observe and make your mind work
in threads we call this move the {news}.

and i tried to warn you from time ago by sending the trend direction , i hope i did my part by good way.
have fun traders.
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  • #41,330
  • Oct 23, 2008 5:15pm Oct 23, 2008 5:15pm
Quoting SpecialEd
I'd be lost right now if not for you.
love you too ed, but this sounds like the blind leadin the hopeles...
FUBAR...
  • #41,331
  • Oct 23, 2008 5:16pm Oct 23, 2008 5:16pm
Quoting psiholog
just woke up...missed 2 rides...up and down =/...each 100pips...ah well its cool. now i know where to enter long after this retracement with no strength behind it (just creates more room for upmovement)....entry at one of those gray spots...either a tap of the lower wall...or a break of the upper wall

Attachment
Those grey spots are more commonly referred to as "Trade Zones"
  • #41,332
  • Edited 5:28pm Oct 23, 2008 5:16pm | Edited 5:28pm
Quoting SunTrader
38951 and I have a chart for it.
we have a winner. check is in the mail sun...

how many people you think will ponder the info in your post and my post?

edit: sorry. i just saw pippilot had it as well. how bout 5 pips each minus the spread?
FUBAR...
  • #41,333
  • Oct 23, 2008 5:16pm Oct 23, 2008 5:16pm
Quoting ak4x
love you too ed, but this sounds like the blind leadin the hopeles...
So where the hell is my answer?!
Up or down, gimme a ticket
  • #41,334
  • Oct 23, 2008 5:17pm Oct 23, 2008 5:17pm
More bad news for EU, Guys. My battery is dying later
  • #41,335
  • Oct 23, 2008 5:29pm Oct 23, 2008 5:29pm
My readings suggest {without consideration of intervention} 1.2300 is now in the gun sights Starting right now.
Presently @ 1.2879
Expect consolidation around 1.2700 to 1.2685
  • #41,336
  • Oct 23, 2008 5:35pm Oct 23, 2008 5:35pm
Quoting psiholog
just woke up...missed 2 rides...up and down =/...each 100pips...ah well its cool. now i know where to enter long after this retracement with no strength behind it (just creates more room for upmovement)....entry at one of those gray spots...either a tap of the lower wall...or a break of the upper wall

Attachment
Is scalping your primary style?..do you look at longer time frame charts when scalping?
  • #41,337
  • Oct 23, 2008 5:38pm Oct 23, 2008 5:38pm
The long term trend is down. So why are we talking possible long trades? It is because hard runs frequently result in nice pullbacks. And so far, all we have is a sideways consolidation.....currently defined as a range with 1.2700 area at bottom and 1.3000 area at top (pushed up 50+ pips in this last run). Yes, it is just as possible that ranging is all we get before another leg down. And this range is wide, very wide and with lucrative trading opportunities in both directions. So, that is my mindset right now, as I wait to see when and in which direction we get a break out of this range.

We are in the last session of the week. No matter how it moves during this last session, being in a trade over the weekend will be highly dangerous. We could get a huge gap in either direction come next week open. And if the gap is down, it may not fill for a very, very long time (as in years). Just an opinion.
  • #41,338
  • Oct 23, 2008 5:38pm Oct 23, 2008 5:38pm
Quoting Bemac
My readings suggest {without consideration of intervention} 1.2300 is now in the gun sights Starting right now.
Presently @ 1.2879
Expect consolidation around 1.2700 to 1.2685
hmm i see 1.3000 being broken again with another 100 or 200pips from there possibly ...possibly as high as 1.3225 which is 61.8% retracement from this weeks high to low...after which...drop baby drop
Different opinions highly valued, ignorant to slander.
  • #41,339
  • Oct 23, 2008 5:39pm Oct 23, 2008 5:39pm
Quoting ak4x
EU 2hr chart. Likin what I see...

Self explanatory I hope.

The time is 6:53 CST. I may do some trading in 7 minutes...

Central Pivot (2932) at 1 pip below M3 makes it irrelevant tonite.
Double P nailed again, huh? Git R done.
  • #41,340
  • Oct 23, 2008 5:41pm Oct 23, 2008 5:41pm
Quoting big_pipin
Is scalping your primary style?..do you look at longer time frame charts when scalping?
depends what your definition of longer time frame is....i do look as far back as possibly a few weeks...sometimes...not that it affects what i do day by day...its more of playing the current channel or pattern...the rest...waiting for pips to come to you which is not my style
Different opinions highly valued, ignorant to slander.
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