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  • #44,001
  • Edited 7:52pm Nov 6, 2008 7:44pm | Edited 7:52pm
Quoting psiholog
so...any early predictions about where this will run up to?...1.3000 sound good?...at least 1.2900?
1.2780 - 1.2800 - 1.2820
weekly pvt 1.2780
IF it goes up will be watching this levels
  • #44,002
  • Nov 6, 2008 7:48pm Nov 6, 2008 7:48pm
Quoting TIckerShuffl
The conditions change. The recent run up in oil was hedge funds using all that leverage to game the system, I heard recently...bullshi? Maybe.
And what "reason" did they use to run the price of oil up? SHORTAGE! Oh, really? Like there were 4x as many cars on the road as two years prior? Or, maybe there were 4x as many people in poor countries burning oil lamps? Geez! There was no shortage! True, refineries can stop being built so as to put a restrictor plate on the outflow of gasoline, in order to cause rising prices and profits.....(Hey! Maybe THAT is why we have had no new refineries built in many a decade, huh?)

But, since the price of oil has dropped.....and it couldn't be because speculators have switched side, since SPECULATORS DON'T CAUSE PRICE SWINGS (yeah, right.)....it must be because 3/4 of the cars have suddenly stopped being used, or the indigents world wide have stopped using their oil lamps!

The Big Boys keep feeding it to us and we are expected to keep buying it....and I am not talking about oil now.
  • #44,003
  • Nov 6, 2008 7:52pm Nov 6, 2008 7:52pm
Quoting psiholog
...what i always say...when pa sticks to one side of the wall it moves violently to the other side...Attachment
Analogy:
Today, Land Battles are won by Strategy, Power in numbers & Weapons available. Battles can be won in minutes, given the correct scenario.

Consider these Financial Markets. Both sides are limited to the Same arsenal {weapons available}, PA, TA & Fundementals. I find it reminds me of Medieval Warfare whereby you rolled smoothly over a Castle or county OR, if they resisted & it took 6-12 months to conquer, they treated each conquest in a different manner.

Stand aside & let us through & we will continue at our merry pace. It will cost you little.
Resist at your peril for when we defeat you, we will pillage & plunder. {and the other thing but I gotta rotate the crews 'cause the 'R^pe' guys are still wiped from our last conquest }

Bulls or Bears, doesn't matter. The longer they have to beat on a wall to bring it down, the more they will ravage the residents.
  • #44,004
  • Nov 6, 2008 7:54pm Nov 6, 2008 7:54pm
Does anyone think we'll break this triangle before monday? We may see a break before I get this typed, but I think maybe one more ABC wave and ????This is My opinion and not intended for anyone to trade.This thing can go south any time.
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  • #44,005
  • Nov 6, 2008 8:00pm Nov 6, 2008 8:00pm
funny you bring up that earlier post bernac as price action has stuck to the middle wall since then. only now when we got close to the bigger triangl mentioned do we see some support...if we break the upper wall of this downtrend well...1.3000 is not out of the realm of possibilities...i intend to keep my position for at least 100pips...for me to be wrong and get stopped out means breaking down hard...which would be

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Different opinions highly valued, ignorant to slander.
  • #44,006
  • Edited 8:19pm Nov 6, 2008 8:00pm | Edited 8:19pm
Quoting psiholog
so...any early predictions about where this will run up to?...1.3000 sound good?...at least 1.2900?

if it bounces at 1.2620 +- 20 as wave E of 4th wave triangle, then it may reach 1.2970 +-25 on Friday or Monday.

if it respects the trendline and bounces at 1.2620 +-20 as wave 2 of the next 1-2-3-4-5 wave down, then it may reach:
38% retracement 1.2800 +- 10
50% retracement 1.2860 +- 10
62% retracement 1.2915 +- 10


take it easy.
  • #44,007
  • Edited 8:28pm Nov 6, 2008 8:05pm | Edited 8:28pm
Quoting cobraforex
Ticker, you are biased and that isn't good...
I honestly don't know how you young'nes do it...
Trade & keep up with {who knows how many} forums while you are working. Kids these days... Gonna Lead the World Tomorrow; & 95% of them {according to some unknown statistician} will fail...
  • #44,008
  • Nov 6, 2008 8:10pm Nov 6, 2008 8:10pm
Quoting Bemac
Bulls or Bears, doesn't matter. The longer they have to beat on a wall to bring it down, the more they will ravage the residents.
Coming soon to a 7-11 near you.
Attached Image
FUBAR...
  • #44,009
  • Nov 6, 2008 8:12pm Nov 6, 2008 8:12pm
Quoting ak4x
Coming soon to a 7-11 near you.

Love it
  • #44,010
  • Nov 6, 2008 8:12pm Nov 6, 2008 8:12pm
Quoting ak4x
Coming soon to a 7-11 near you.


Nice!
Not all sins are created equal
  • #44,011
  • Nov 6, 2008 8:15pm Nov 6, 2008 8:15pm
Quoting traderathome
"The conditions change." Ha! Another good laugh on a dull day! The ONLY conditions that matter are the conditions of the purse of the Big Boys! They will use ANYTHING as an excuse for ANYTHING in order to protect and grow their purses. That is why, time and again, we will be befuddled to hear "THIS CAUSED THAT" when the last time it was "THAT CAUSED THAT", and before it was "THAT CAUSED THIS"! The creed of those that control the markets and the very value of the currencies of the world is......"Use whatever it takes to spin the tale necessary for us to get what we want. And if nothing suitable is available.....INVENT SOMETHING!"
You're killing me!
  • #44,012
  • Nov 6, 2008 8:16pm Nov 6, 2008 8:16pm
Quoting ak4x
Coming soon to a 7-11 near you.
What's a trendline?
  • #44,013
  • Nov 6, 2008 8:19pm Nov 6, 2008 8:19pm
i donno about you guys but the 5min chart looks ready to go for a nice run up...while cup and handle is a continuation pattern in an uptrend...i think we may be seeying it here...in any case stop loss just outside the triangle wall if i am proven wrong but bulls have been loading up in my opinion all day

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Different opinions highly valued, ignorant to slander.
  • #44,014
  • Nov 6, 2008 8:20pm Nov 6, 2008 8:20pm
Look for that decision soon. A break of 1.2615-2640 area would mean a possible continuation short. A bounce from this area would be a long confirmation. Patience, wait for signal.

Jim
  • #44,015
  • Nov 6, 2008 8:20pm Nov 6, 2008 8:20pm
Quoting traderathome
And what "reason" did they use to run the price of oil up? SHORTAGE! Oh, really? Like there were 4x as many cars on the road as two years prior? Or, maybe there were 4x as many people in poor countries burning oil lamps? Geez! There was no shortage! True, refineries can stop being built so as to put a restrictor plate on the outflow of gasoline, in order to cause rising prices and profits.....(Hey! Maybe THAT is why we have had no new refineries built in many a decade, huh?)

But, since the price of oil has dropped.....and it couldn't be because speculators have switched side, since SPECULATORS...
Preaching to the choir. The latest line of crapp is the way GM is trying to get MORE free money from the US taxpayer. I don't undestand why they just don't restructure? They must have some debt covenants that will hand over all their intellectual property to the bond holders or something...I am meandering, but thepoint is it's just sad that we can even run and sustain an automobile company anymore. All the money they are going to get will be wasted. I heard they want 25billion to give to the UAW to offload their pension and healthcare obligations - I do not know what to think about that.
  • #44,016
  • Nov 6, 2008 8:22pm Nov 6, 2008 8:22pm
Quoting psiholog
i donno about you guys but the 5min chart looks ready to go for a nice run up...while cup and handle is a continuation pattern in an uptrend...i think we may be seeying it here...in any case stop loss just outside the triangle wall if i am proven wrong but bulls have been loading up in my opinion all day

Attachment
If that last area of lows is the bottom, I believe before we start a run up the price will be worked back down to at least near that area one more time.
  • #44,017
  • Nov 6, 2008 8:37pm Nov 6, 2008 8:37pm
Quoting traderathome
If that last area of lows is the bottom, I believe before we start a run up the price will be worked back down to at least near that area one more time.

Ya likely a triangle, just to get everyone going short. Maybe it will go south.
  • #44,018
  • Nov 6, 2008 8:38pm Nov 6, 2008 8:38pm
interesting move here. I am in AUD, so just watching EUR and EURAUD for kicks.

Keep it rollin'!
  • #44,019
  • Nov 6, 2008 8:44pm Nov 6, 2008 8:44pm
Quoting eddiemiller
EUR/USD Buy near 1.2677?????

I respect you tons, but BUY?

Surely we all agree it is going down, just that we are not sure how far and how smooth.
Now Take 1/4 profit 40 pips and move Stops to ENTRY
{Promotion Removed}
  • #44,020
  • Nov 6, 2008 9:00pm Nov 6, 2008 9:00pm
Quoting psiholog
too many countries around the world have adopted the american version of democracy. japan is no different
As I recall, Japan did a pretty fine job of digging its own grave all by its lonesome years ago when it allowed interest rates to go to a big fat zero. A troublesome situation that they still haven't been able to overcome. I wouldn't be so quick in blaming the US. Other countries are fully capable of mucking up the works without our help.
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