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  • #44,441
  • Nov 10, 2008 12:07pm Nov 10, 2008 12:07pm
When this breaks either up or down, you can see the likely targets on this 4 hour chart.

Edit: Even if the big boys have it in mind to jack it up, I should not be surprised it they take it down first....kinda make a Double Bottom in the 1.2350 area first for optimal taking on of long positions.... But the long term trend is still down.
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  • #44,442
  • Nov 10, 2008 12:19pm Nov 10, 2008 12:19pm
Quoting ak4x
Here's my 1.618 pips worth. (Where'd I put the Kleenex?)

The nice thing about trading with the trend (8hr to daily) is that even when you have a trade or two underwater, as long as you tread very carefully, there's a better than great chance it'll recover, especially in a market still being driven by a few of the most basic fundamentals there are or ever have been in the history of the planet... fear, greed, supply and demand.

What's not to like and why would anybody stand in front of that train?

It's not that trend is my friend (what baloney..), it's more that trend doesn't have any idea who I am and could care even less. It is what it is, and it cares not if I tag along and sweep up the...

Ak4x, what an amazing statement. That pretty much sums it up for me at least.
  • #44,443
  • Nov 10, 2008 12:32pm Nov 10, 2008 12:32pm
Hm, unconvincable test of that trendline...

Breakout will happen and everyone is on end of nerves it seems so to me.

On 15M small triangle like big one on hourly happened in past 2 hr with break on the down. My position is short and looking for some nasty gains as price blows hourly trendline. If it does, smallest resistance area would be to the downside, not to the upside as it is now and gains would be easy. Untill now every time trendline was tested, sharp retrace was seen. Not now, we are seeing some flirting and risk reward looking for a break is looking nice.
  • #44,444
  • Nov 10, 2008 12:32pm Nov 10, 2008 12:32pm
Quoting traderathome
... (so the big boys could add shorts up there for the next ride down). But I carefully added to my shorts during the period. Now, all green big time. Looking for a strike down to the 124.00 area.
The big boys and all the little people like us on EJ and GY both It's like an early Christmas...

I'm looking a little lower at the 50% retest area (lower BB) for starters and then on down to the previous lows with a pause and consolidation period at each of the hs (horizontal support) levels for the mid term outlook. Expecting EU to tag along as I have for some time now.. (Like it's going to go up when EJ is collapsing).

I don't think the chinese package will have a very long shelf life and will get moldy fairly quickly. If I'm correct on that, then the fear factor grabs a gear when the big boys medicine doesn't have the expected result, resulting in the patient getting sicker instead... (and that particular patient is VERY large...)

Don''t forget... Hedge Fund D-day is Nov 15th. Apparently looking a bit grimmer than they expected. Gotta find some cash, and it ain't yoorows...
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FUBAR...
  • #44,445
  • Nov 10, 2008 12:40pm Nov 10, 2008 12:40pm
Quoting ak4x
The big boys and all the little people like us on EJ and GY both It's like an early Christmas...

I'm looking a little lower at the 50% retest area (lower BB) for starters and then on down to the previous lows with a pause and consolidation period at each of the hs (horizontal support) levels for the mid term outlook. Expecting EU to tag along as I have for some time now.. (Like it's going to go up when EJ is collapsing).

I don't think the chinese package will have a very long shelf life and will get moldy fairly quickly. If I'm correct on that, then the fear factor grabs a gear when the big boys medicine doesn't have the expected result, resulting in the patient getting sicker...
Great post, ak4x! All should appreciate that one!
  • #44,446
  • Nov 10, 2008 12:56pm Nov 10, 2008 12:56pm
OK something's seriously wrong here. Everyone is telling me what great posts I did, they're amazing, and blah blah.

This is very unusual, it's not right, and it's very disturbing. But you should know I see right thru it for what it really is, it's forum manipulation, and I'll ignore it.

On the other hand, glad you guys found something useful there. Remember, my opinion and $4.00 USD will get you 16oz of coffee with a double shot at Starbucks... Try it if you don't believe me.
FUBAR...
  • #44,447
  • Nov 10, 2008 1:02pm Nov 10, 2008 1:02pm
Quoting ak4x
OK something's seriously wrong here. Everyone is telling me what great posts I did, they're amazing, and blah blah.

This is very unusual, it's not right, and it's very disturbing. But you should know I see right thru it for what it really is, it's forum manipulation, and I'll ignore it.

On the other hand, glad you guys found something useful there. Remember, my opinion and $4.00 USD will get you 16oz of coffee with a double shot at Starbucks... Try it if you don't believe me.
Geez, can't you take a compliment graciously?
  • #44,448
  • Nov 10, 2008 1:04pm Nov 10, 2008 1:04pm
Quoting ak4x
OK something's seriously wrong here. Everyone is telling me what great posts I did, they're amazing, and blah blah.

This is very unusual, it's not right, and it's very disturbing. But you should know I see right thru it for what it really is, it's forum manipulation, and I'll ignore it.

On the other hand, glad you guys found something useful there. Remember, my opinion and $4.00 USD will get you 16oz of coffee with a double shot at Starbucks... Try it if you don't believe me.
Just think how amazing you could really be if you could just find the chalk...
  • #44,449
  • Nov 10, 2008 1:04pm Nov 10, 2008 1:04pm
The market decides to up hold .2800 for the day.

Until the NY session that is.

Once it breaks it heads down to the PP.

Classic Pivot trade.

The break of .2800 becomes resistance.
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  • #44,450
  • Nov 10, 2008 1:10pm Nov 10, 2008 1:10pm
Quoting ak4x
OK something's seriously wrong here. Everyone is telling me what great posts I did, they're amazing, and blah blah.

This is very unusual, it's not right, and it's very disturbing. But you should know I see right thru it for what it really is, it's forum manipulation, and I'll ignore it.

On the other hand, glad you guys found something useful there. Remember, my opinion and $4.00 USD will get you 16oz of coffee with a double shot at Starbucks... Try it if you don't believe me.
You suck.

Your posts suck.

You haven't learned anything.

Why are you still posting?

  • #44,451
  • Nov 10, 2008 1:25pm Nov 10, 2008 1:25pm
Everybody ready for the dénouement ???


http://screencast.com/t/sxB83sRgi
  • #44,452
  • Nov 10, 2008 1:27pm Nov 10, 2008 1:27pm
Quoting Turhovach
Everybody ready for the dénouement ???


http://screencast.com/t/sxB83sRgi

Ready here...
  • #44,453
  • Nov 10, 2008 1:50pm Nov 10, 2008 1:50pm
Quoting acumen
You suck.

Your posts suck.

You haven't learned anything.

Why are you still posting?

That's better.

"We have normality. I repeat, we have normality. Anything you still can't cope with is therefore your own problem."
Trillian
FUBAR...
  • #44,454
  • Nov 10, 2008 2:39pm Nov 10, 2008 2:39pm
Quoting acumen
The market decides to up hold .2800 for the day.

Until the NY session that is.

Once it breaks it heads down to the PP.

Classic Pivot trade.

The break of .2800 becomes resistance.
up 74 pips today trading this exact same trade you post.

awsome.
  • #44,455
  • Nov 10, 2008 2:52pm Nov 10, 2008 2:52pm
Quoting Jack Herer
up 74 pips today trading this exact same trade you post.

awsome.
Nice to see.

Mike
  • #44,456
  • Nov 10, 2008 3:34pm Nov 10, 2008 3:34pm
yet another breakout attempt rejected...not too surprising following the stock market rally at the end. in other words...theres no strength behind a potential breakout now....a trigger is needed...maybe well see it in the asian session or london session....regardless....theres only about a day and a half left before this triangle reaches the very end....breakout can happen at any point during this time....i recommend extreme caution

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Different opinions highly valued, ignorant to slander.
  • #44,457
  • Nov 10, 2008 4:15pm Nov 10, 2008 4:15pm
Quoting psiholog
yet another breakout attempt rejected...not too surprising following the stock market rally at the end. in other words...theres no strength behind a potential breakout now....a trigger is needed...maybe well see it in the asian session or london session....regardless....theres only about a day and a half left before this triangle reaches the very end....breakout can happen at any point during this time....i recommend extreme caution

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and if it breaks in asian session... will retrace and retest the high trendline of the triangle.. to continue going down...
or not...
  • #44,458
  • Nov 10, 2008 4:34pm Nov 10, 2008 4:34pm
Quoting emda
and if it breaks in asian session... will retrace and retest the high trendline of the triangle.. to continue going down...
or not...
the way i see it theres 3 possibilities after a breakout.

1)break above 1.3000 with possible 1.4000 in sight
2)break below 1.2500 with possible 1.2000 in sight
3)a period of consolidation in between 1.2500 and 1.3000 similar to the one we saw at the high...1.52 to 1.6 or so
Different opinions highly valued, ignorant to slander.
  • #44,459
  • Nov 10, 2008 5:02pm Nov 10, 2008 5:02pm
selling usd/chf at 1,1785 area - target 1,1550
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Twitter: Forexlivetrade - Buy: AFFI.CPH ISIN: DK0015966592 - target 12 DKK
  • #44,460
  • Nov 10, 2008 5:08pm Nov 10, 2008 5:08pm
Pivots for today from 5pm EST
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FUBAR...
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