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  • #42,521
  • Oct 29, 2008 9:52pm Oct 29, 2008 9:52pm
Quoting psiholog
someone mentioned cramer and how he said on his show yesterday dollar=pump it up. i think its worth noting cramer is full of shit and what he says...most of the time the opposite happens...call him mind control for the clueless masses
Cramer is so full of it that it's not even funny.

I don't have the time but I would love to test out a theory about him. He pushes a stock, stock goes up to the stratosphere over the next days, maybe a week or two and that's when I'd short. The theory is that the fountain of feces he spews up in the air isn't immune to gravity.

I don't trade stocks so I don't know if the idea could be applied at a profit but I don't think I'm too far off the mark.
Not all sins are created equal
  • #42,522
  • Oct 29, 2008 9:54pm Oct 29, 2008 9:54pm
this most recent up move definetely opened my eyes that my upper wall was wrong too. instead of this being a channel...it was a wedge...i changed what i thought to be the upper wall to what i set it as originally. the black line is the upper wall now as pa dictated of this rising wedge. i think its safe to assume now a period of consolidation will follow with a possible down move to what i thought to be originally the upper wall which now coincides with resistance 2....any lower....we may have a h&s on our hands

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Different opinions highly valued, ignorant to slander.
  • #42,523
  • Oct 29, 2008 9:56pm Oct 29, 2008 9:56pm
Quoting Jay Walker
Cramer is so full of it that it's not even funny.

I don't have the time but I would love to test out a theory about him. He pushes a stock, stock goes up to the stratosphere over the next days, maybe a week or two and that's when I'd short. The theory is that the fountain of feces he spews up in the air isn't immune to gravity.

I don't trade stocks so I don't know if the idea could be applied at a profit but I don't think I'm too far off the mark.
my theory on him...hes paid to deliberately misinform those who watch his show. hes the hedge fund sidekick
Different opinions highly valued, ignorant to slander.
  • #42,524
  • Oct 29, 2008 9:57pm Oct 29, 2008 9:57pm
Quoting psiholog
this most recent up move definetely opened my eyes that my upper wall was wrong too. instead of this being a channel...it was a wedge...i changed what i thought to be the upper wall to what i set it as originally. the black line is the upper wall now as pa dictated of this rising wedge. i think its safe to assume now a period of consolidation will follow with a possible down move to what i thought to be originally the upper wall which now coincides with resistance 2....any lower....we may have a h&s on our hands

Attachment
Hi psiholog. Still trading?
  • #42,525
  • Oct 29, 2008 9:58pm Oct 29, 2008 9:58pm
Quoting psiholog
my theory on him...hes paid to deliberately misinform those who watch his show. hes the hedge fund sidekick
Sure he is paid to misinform. But do you want to be a hero and teach his millions of sheeple or profit from their stupidity?
Not all sins are created equal
  • #42,526
  • Oct 29, 2008 9:59pm Oct 29, 2008 9:59pm
Wow what a wild night.. hope u guys are in greens.. now up till where? 1.3364.. (2.0) fibs extension yesterday high?..iim in sideline until i see some proper ziz zag
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #42,527
  • Oct 29, 2008 10:01pm Oct 29, 2008 10:01pm
Quoting vulture
Wow what a wild night.. hope u guys are in greens.. now up till where? 1.3364.. (2.0) fibs extension yesterday high?..iim in sideline until i see some proper ziz zag
If the Green Giant was sick and green with envy all at the same time, my day is about that color How's yours?
Not all sins are created equal
  • #42,528
  • Oct 29, 2008 10:03pm Oct 29, 2008 10:03pm
Quoting Nardino
Hi psiholog. Still trading?
i am 22 years old. my career has just begun...whether i will be the level i want to be at in the near future or distant future is to be determined...i will be there though. as far as trading at the moment...no. i am waiting for november to come and participate in the ibfx minicontest...start value 250dollars...end target....2850...150pips each day...first week of the month 50cent pippers...last 3 weeks...1dollar pippers. this should ensure i win first place which rewards another 3000. i just hope things go this smoothly haha. in any case..during november my posting will be very limited
Different opinions highly valued, ignorant to slander.
  • #42,529
  • Oct 29, 2008 10:05pm Oct 29, 2008 10:05pm
A bearish wedge that went the opposite direction probably because of the news release and speculation about tomorrow. But what was very clear from early on, as I have been watching this for the last 5 or 6 hours as it banged lazily against that triple zero psyc. level. I new that if it broke that by around 15 pips, and that was my entry, 1.3015, that it was probably going all the way to that low at 1.3257. It was TOO obvious and it was kinda like stealing.

Jim

Quoting psiholog
this most recent up move definetely opened my eyes that my upper wall was wrong too. instead of this being a channel...it was a wedge...i changed what i thought to be the upper wall to what i set it as originally. the black line is the upper wall now as pa dictated of this rising wedge. i think its safe to assume now a period of consolidation will follow with a possible down move to what i thought to be originally the upper wall which now coincides with resistance 2....any lower....we may have a h&s on our hands

Attachment
  • #42,530
  • Oct 29, 2008 10:07pm Oct 29, 2008 10:07pm
Quoting Jay Walker
If the Green Giant was sick and green with envy all at the same time, my day is about that color How's yours?
Sorry i dont understand what you said.. i meant green pips 4 u
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #42,531
  • Oct 29, 2008 10:10pm Oct 29, 2008 10:10pm
Nice trade, Pal. But never say Should have. It will make you do dumb things the next time when you are in another trade which is a differant animal. Take your profit and smile and call it a good day. Remember, if you manage your money right and make 50 pips a day, you can have 1/2 million dollars in less than a year.

Jim

Quoting tulient
I was busy today and I missed the huge gain.

Unfortunately I closed my long position from 1.23 around 1.28 right before the small drop expecting a larger retracement. Should have kept with it as you can see it went twice as high now. I was afraid of holding the long position in this downtrend and got rid of it too soon. Though it was a nice profit, I gave it up too soon.

I dont think I will take any more short positions until 1.353 - 1.36. I expect the down trend to continue at that point.

1.33 just doesnt seem that strong anymore.
  • #42,532
  • Oct 29, 2008 10:10pm Oct 29, 2008 10:10pm
Quoting vulture
Sorry i dont understand what you said.. i meant green pips 4 u
Yes, green. Very green.

Imagine the Green giant, already green in the face being greener from being sick and gain another shade of green from being green with envy. That's how green my day has been

(yes, I have a weird sense of humor)
Not all sins are created equal
  • #42,533
  • Oct 29, 2008 10:16pm Oct 29, 2008 10:16pm
This is a great place to go short on the Eur/usd
  • #42,534
  • Oct 29, 2008 10:19pm Oct 29, 2008 10:19pm
Quoting Maxsmart
This is a great place to go short on the Eur/usd
Funny but I disagree. What makes you say that anyways?
Not all sins are created equal
  • #42,535
  • Oct 29, 2008 10:22pm Oct 29, 2008 10:22pm
Quoting psiholog
i am 22 years old. my career has just begun...whether i will be the level i want to be at in the near future or distant future is to be determined...i will be there though. as far as trading at the moment...no. i am waiting for november to come and participate in the ibfx minicontest...start value 250dollars...end target....2850...150pips each day...first week of the month 50cent pippers...last 3 weeks...1dollar pippers. this should ensure i win first place which rewards another 3000. i just hope things go this smoothly haha. in any case..during november my posting will be very limited
Still young, LOL. I understand but can we afford to miss you for all those length of time? It's great having you here. Are your trades going alright?
  • #42,536
  • Oct 29, 2008 10:29pm Oct 29, 2008 10:29pm
Quoting Jay Walker
Yes, green. Very green.

Imagine the Green giant, already green in the face being greener from being sick and gain another shade of green from being green with envy. That's how green my day has been

(yes, I have a weird sense of humor)
congratulation.. took out 50 greens.. by trailing.stop. i didNT like the PA.. i was getting crazy i went to sleep ..wakin up now.. things were very clear ''it was up up
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #42,537
  • Oct 29, 2008 10:50pm Oct 29, 2008 10:50pm
Quoting Jay Walker
Funny but I disagree. What makes you say that anyways?
We are at the 1.32 region which served as support a few weeks ago now it should act as resistance. This rally should definitely not extend through 1.34. This would be a great time to buy a put anyways to protect against being whipped out of this trade and targeting 1.24 for an 800 pip profit minus the cost of the premium. However the move could come quickly with how volatility has been recently, and you might have most of your option value left over to keep most of the 800 pip profit. Fundamentally, There is nothing yet to stop this downtrend, the Fed's interest rate cut is causing a correction in the overall trend.
  • #42,538
  • Oct 29, 2008 10:59pm Oct 29, 2008 10:59pm
Quoting Maxsmart
We are at the 1.32 region which served as support a few weeks ago now it should act as resistance. This rally should definitely not extend through 1.34. This would be a great time to buy a put anyways to protect against being whipped out of this trade and targeting 1.24 for an 800 pip profit minus the cost of the premium. However the move could come quickly with how volatility has been recently, and you might have most of your option value left over to keep most of the 800 pip profit. Fundamentally, There is nothing yet to stop this downtrend, the Fed's interest rate cut is causing a correction in the overall trend.
All my indicators on daily, stoch, macd and parabolic sar shows me the way up. Maybe it won't crack 1.34 but I'll cross that bridge if I get to it.
Not all sins are created equal
  • #42,539
  • Oct 29, 2008 11:01pm Oct 29, 2008 11:01pm
Quoting Jay Walker
All my indicators on daily, stoch, macd and parabolic sar shows me the way up. Maybe it won't crack 1.34 but I'll cross that bridge if I get to it.
yea i dunno I trade longer term i guess then.
  • #42,540
  • Oct 29, 2008 11:02pm Oct 29, 2008 11:02pm
Quoting Maxsmart
yea i dunno I trade longer term i guess then.
What time frame you work?
Not all sins are created equal
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