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  • #46,001
  • Nov 18, 2008 12:44pm Nov 18, 2008 12:44pm
Quoting Turhovach
What a great quote. And so true.

PS -- By the way, don't get me wrong. I'm NOT in any way, shape or form criticizing Cobra. I sure hope nobody read that into my remarks. I think he did a fantastic job in putting together that THV sysem. And to do it on his own time, gratis, is even more commendable. Anyhoo - just wanted to clear the air on that...
Don't worry Turhovach, I understood what you wanted to say but there are no changes made, the guys are happy and I think I was very clear in the rules and Q&A.

I will not accept any changes, why if it works like it is?

Only point we had problems with is that many have different brokers and the pivot points have been different, that's all.
  • #46,002
  • Nov 18, 2008 12:45pm Nov 18, 2008 12:45pm
even the market makers are not benefiting from this market...its run on pure fear and panic...there is no sense to be made out of it....strong pressure to keep it from going under 1.2580...strong pressure to not let it go past 1.2700...when one of those values breaks....well i hope im on the right side of the trade haha...or not in a trade at all...this is insanity without logic
Different opinions highly valued, ignorant to slander.
  • #46,003
  • Nov 18, 2008 12:47pm Nov 18, 2008 12:47pm
Geez that hit me quite bad 4% of my capital, it's supposed to hit only 2% but I guess this time I was a bit reluctant
All the best things in life are free.
  • #46,004
  • Nov 18, 2008 12:48pm Nov 18, 2008 12:48pm
Quoting Algirdas
........and we'll Buy EUR/USD near 1.2601.........
For me not recommend to buy , after all it's down trend
  • #46,005
  • Nov 18, 2008 12:54pm Nov 18, 2008 12:54pm
Quoting egkid
For me not recommend to buy , after all it's down trend
Alg's trades always sound risky, but he is quite successful.
  • #46,006
  • Nov 18, 2008 12:55pm Nov 18, 2008 12:55pm
Quoting psiholog
even the market makers are not benefiting from this market...its run on pure fear and panic...there is no sense to be made out of it....strong pressure to keep it from going under 1.2580...strong pressure to not let it go past 1.2700...when one of those values breaks....well i hope im on the right side of the trade haha...or not in a trade at all...this is insanity without logic
Trichet was speeking 25 min ago and messed that thing up.
I had a nice long and was stopped out with 10 pips loss.
  • #46,007
  • Nov 18, 2008 12:58pm Nov 18, 2008 12:58pm
Quoting cobraforex
Trichet was speeking 25 min ago and messed that thing up.
I had a nice long and was stopped out with 10 pips loss.
ya the past 24 hours has been hard on me too....it could become my first losing day this month...a decisive break of 1.2580 will do that to me...we get close to 1.2700 again...im closing all positions and taking a break until those values i mentioned get broken...i cant gauge the market at all..the psychology behind it
Different opinions highly valued, ignorant to slander.
  • #46,008
  • Nov 18, 2008 1:11pm Nov 18, 2008 1:11pm
Guys....

This time of year is not good for forex. IMO
  • #46,009
  • Nov 18, 2008 1:11pm Nov 18, 2008 1:11pm
Quoting TradeWell
Alg's trades always sound risky, but he is quite successful.
I'm sure he is. Actually Alg and Psiholog , ak4x, Cobraforex this Opinions i'm keen to read the most
  • #46,010
  • Nov 18, 2008 1:12pm Nov 18, 2008 1:12pm
Quoting egkid
I'm sure he is. Actually Alg and Psiholog , ak4x, Cobraforex this Opinions i'm keen to read the most
agreed

and add acumen to that list
  • #46,011
  • Nov 18, 2008 1:12pm Nov 18, 2008 1:12pm
this chart should illustrate the importance of that 1.2580

note that the uptrend line is connecting last weeks lowest spike (1.2388) with the current spike below 1.2580 just made (the one that makes longer term picture a triangle)
Attached Image (click to enlarge)
Click to Enlarge Name: current.gif Size: 36 KB
Different opinions highly valued, ignorant to slander.
  • #46,012
  • Nov 18, 2008 1:13pm Nov 18, 2008 1:13pm
Quoting psiholog
ya the past 24 hours has been hard on me too....it could become my first losing day this month...a decisive break of 1.2580 will do that to me...we get close to 1.2700 again...im closing all positions and taking a break until those values i mentioned get broken...i cant gauge the market at all..the psychology behind it
I was watching the first hour of the London session and didn't find any good setup, imagen on 1M TF !
Than I took off till middle of the day, same thing.
Took only two trades today with 27 pips left, that's bad.
  • #46,013
  • Nov 18, 2008 1:15pm Nov 18, 2008 1:15pm
Guys,
The key value for a downtrend is not where we are now .. but at 2555.


EDIT: 2590 is only a support for the next 2 hours
The best thing that can happen to you is to find out where you're wrong.
  • #46,014
  • Nov 18, 2008 1:27pm Nov 18, 2008 1:27pm
My 4H chart ,Watching green TL, My opinion we might see 1.23 by tomorrow
Attached Image (click to enlarge)
Click to Enlarge Name: to where.gif Size: 22 KB
  • #46,015
  • Nov 18, 2008 1:30pm Nov 18, 2008 1:30pm
Quoting egkid
My 4H chart ,Watching green TL, My opinion we might see 1.23 by tomorrow
for us to see that i hope you realize it would mean the dow going under 8000 and closing there!....worst case scenario...and were not very far from it ...in otherwords...it could happen in the next hour...at least get started
Different opinions highly valued, ignorant to slander.
  • #46,016
  • Nov 18, 2008 1:36pm Nov 18, 2008 1:36pm
Quoting psiholog
this chart should illustrate the importance of that 1.2580

note that the uptrend line is connecting last weeks lowest spike (1.2388) with the current spike below 1.2580 just made (the one that makes longer term picture a triangle)
Attachment
1.2580 also seems to hold even when stocks continue downward.
  • #46,017
  • Nov 18, 2008 1:40pm Nov 18, 2008 1:40pm
Quoting psiholog
for us to see that i hope you realize it would mean the dow going under 8000 and closing there!....worst case scenario...and were not very far from it ...in otherwords...it could happen in the next hour...at least get started
But psi, are you saying EURUSD is lockstep? In other words, if this is a stock market bottom, you think it is a EUR bottom too?
  • #46,018
  • Nov 18, 2008 1:44pm Nov 18, 2008 1:44pm
Quoting TradeWell
But psi, are you saying EURUSD is lockstep? In other words, if this is a stock market bottom, you think it is a EUR bottom too?
all im saying is the last hour of the stock market is crucial to see where we go next....this was seen thursday with the monster bull rally...it was seen friday with the massive drop from the high to the lows..it was seen yesterday with the drop from the highs to the lows...all in the last hour....17minutes until the last hour now so its crucial what happens there...especially since we are so close to the lowest levels and a close below 8000 for the dow...game over euro
Different opinions highly valued, ignorant to slander.
  • #46,019
  • Nov 18, 2008 1:46pm Nov 18, 2008 1:46pm
Quoting cobraforex
I was watching the first hour of the London session and didn't find any good setup, imagen on 1M TF !
Than I took off till middle of the day, same thing.
Took only two trades today with 27 pips left, that's bad.
Hey that's one more pip than me! Hard earned pips, they are.
  • #46,020
  • Nov 18, 2008 1:46pm Nov 18, 2008 1:46pm
Quoting Algirdas
..and we'll Buy EUR/USD near 1.2601.
what's this "we"...??
FUBAR...
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