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  • #46,761
  • Nov 24, 2008 11:23am Nov 24, 2008 11:23am
its amusing how all of last week i was screaming long long long all the way close to 1.3000 trading against the trend the whole time. this sunday im like...well see a new low before it goes higher...trading against the trend the whole time. I did not get burned last week...this week...i still feel the fire as i type this.

technical analysis. earlier i mentioned an upwards channel. that channel just kept going up and up with each tap of the lower wall giving more fuel to the bull train. each resistance when broken and retapped became support. that channel again tests the lower boundaries with a possible breakout here. the strong resistance at 1.2875 once passed did not become support as has happened all night giving the first indication this uptrend may have reached its high. the true question now is what happens at 1.2815 as it should be strong support now...also marking 23.6% retracement for this uptrend. hope some water gets put over this fire or i am going to feel the pain of this one for some time..

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Different opinions highly valued, ignorant to slander.
  • #46,762
  • Nov 24, 2008 11:33am Nov 24, 2008 11:33am
hi traders


Alhamdlillah for such progress in da market

i forecast the continuation of down trend for cable+euro
for the last past weeks and the trend already
made my total pips profits 3000 for euro+ 4000 for cable
and here is my charts describe my last calls and my methods in trading .
& i am still perdict more bearish activity coming.

is too obvious that usd strengthen against all the currencies .

and dont 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

if you find most posts talk about retrace that will may happen you will find the price is going down, and if you find most posts talk about the continuation of down trend you will find price is going up .
they call this move (news).

trade well.
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  • #46,763
  • Nov 24, 2008 11:37am Nov 24, 2008 11:37am
H&S forming on 5 min?

edit: ugly one if it is
  • #46,764
  • Nov 24, 2008 11:42am Nov 24, 2008 11:42am
Quoting big_pipin
Anyone thats seen EU on a 4hr, probably will agree with me that theres too much chop to know what direction to take, so heres the daily chart, clearly in a choppy down trend, no point in going long unless your scalping.
ok now its safe to take longs
  • #46,765
  • Nov 24, 2008 11:48am Nov 24, 2008 11:48am
Alg says : "EUR/USD Long near 2.800"

I think he made a little error...
  • #46,766
  • Nov 24, 2008 11:54am Nov 24, 2008 11:54am
Nowadays, in these type of market conditions, I have better chances going at the roulette table. Luckily today I pull out the plug early when I felt the sparks otherwise I'd be ...... With the high volatility conditions, how can one not force into becoming a scalper?
  • #46,767
  • Nov 24, 2008 11:55am Nov 24, 2008 11:55am
Quoting BoredToLoose
I have told you last Friday that We will soon see a Turn around.
I have a long at 1.2557.

My H4 Symmetric Channel was broken at 1.2655. from here only longs will reign at least until 1.2960/80 area.
Hey. I had to step out for an hour or so. While gone, my long got stopped out (TSL=20). I'm close to re-entering, a third time, for 60-70 more PIPs. Watching for the turnaround though.

Good trading.
Up or down, gimme a ticket
  • #46,768
  • Nov 24, 2008 11:56am Nov 24, 2008 11:56am
Quoting HarshFX
Nowadays, in these type of market conditions, I have better chances going at the roulette table. Luckily today I pull out the plug early when I felt the sparks otherwise I'd be ...... With the high volatility conditions, how can a trader not force into becoming a scalper?
You mean there are other ways to trade? hehe
  • #46,769
  • Nov 24, 2008 11:58am Nov 24, 2008 11:58am
Quoting TradeWell
You mean there are other ways to trade? hehe
good question.
  • #46,770
  • Nov 24, 2008 11:59am Nov 24, 2008 11:59am
Probably as many different ways to look at this as ther are people signed in to this thread... here's my 1.618 pips worth from out at the end of the dry limb.... Last 2 short entries holding in the green and b/e respectively...

Close above or even close to the current fib (say above 2800...) could invalidate this unless it immediately collapses during asia/london... all depends on if the NY session boys shared or not...

This is really interesting.
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FUBAR...
  • #46,771
  • Nov 24, 2008 12:07pm Nov 24, 2008 12:07pm
Quoting HarshFX
Nowadays, in these type of market conditions, I have better chances going at the roulette table. Luckily today I pull out the plug early when I felt the sparks otherwise I'd be ...... With the high volatility conditions, how can one not force into becoming a scalper?
You can trade options so that you have a fixed amount of risk with unlimited profit potential and avoid getting whipped out of your position, or sell options and get paid the expensive premiums of front caused by all this volatility in the market.
  • #46,772
  • Nov 24, 2008 12:07pm Nov 24, 2008 12:07pm
just a little manipulation agreed upon by the big members to ease their exports surplus. europes (stronger euro) buying raw materials they need from u.s. while u.s and japan (weaker dollar and yen) are getting their surplus inventories off their books before years ends. when they quite playing with the money longer trend should resume..we are the puppets..they pull the strings..
those who can, do. those who cant, talk about those who can
  • #46,773
  • Nov 24, 2008 12:12pm Nov 24, 2008 12:12pm
LMAO at this interview on CNBC with the Alwaleed guy from Saudi Arabia. He's fingering those prayer beads of his like a crack Ho down to her last bag of smack. "Nervous, no Maria, I'm not nervous. I have full confidence in my investment and in the management of CitiGroup." The throrougbreads in the background were a nice touch. Must be good to be so wealthy you can toss money down the toilet and smile. "Everyting ees verry, verry goot, Maria, verry,verry, gut. I go back to my horses now. Tank you verry,verry mooch."

PS That Tiger Hunter guy is my new HERO. Alhamdlillah dude! Holy mackerel - 7000 PIPS! Damn, buddy, you can bail out CitiGroup all by yourself. Who the hell needs the US Government? Go get 'em, my man... Too bad you're not as good as I am though. I amassed 70,000 pips. Also bought the Brooklyn Bridge while in New York to help bail out Citi. Yeah buddy, its been a good week...
  • #46,774
  • Nov 24, 2008 12:14pm Nov 24, 2008 12:14pm
and cammels
those who can, do. those who cant, talk about those who can
  • #46,775
  • Nov 24, 2008 12:15pm Nov 24, 2008 12:15pm
check out that elvis p wave hes got
those who can, do. those who cant, talk about those who can
  • #46,776
  • Nov 24, 2008 12:33pm Nov 24, 2008 12:33pm
Cobra advised me to drag the RSI "worm" indi into the T3 Trix indi window. I have tried it from several screens. I'm usually good with software but am obviously missing something here. Can someone tell me what screen you are at when you drag from one window to another?

Thanks,
Up or down, gimme a ticket
  • #46,777
  • Nov 24, 2008 12:38pm Nov 24, 2008 12:38pm
Good resistance here -
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  • #46,778
  • Nov 24, 2008 12:47pm Nov 24, 2008 12:47pm
if it holds its a hell of a short or long. *flipping coin* cotinuing to hear long trend is my friend .. i could be a hero or zero.. hmmm another option is cash is a position..
those who can, do. those who cant, talk about those who can
  • #46,779
  • Nov 24, 2008 12:49pm Nov 24, 2008 12:49pm
Quoting SpecialEd
Cobra advised me to drag the RSI "worm" indi into the T3 Trix indi window. I have tried it from several screens. I'm usually good with software but am obviously missing something here. Can someone tell me what screen you are at when you drag from one window to another?

Thanks,
To drag an indicator inside another indicator's separate window, you have to open the Navigator view. Then, with the first indicator window already in place, select the other one from the list, click on it's name with the mouse without droppping the button pressure, and drag it into the perimeter of the separate indicator window. It will then show inside the first one.
  • #46,780
  • Nov 24, 2008 12:52pm Nov 24, 2008 12:52pm
Quoting Turhovach
Good resistance here -
We may stay in the 1.28's until towards the end of the NY equities session, at which time it could quickly go either way.
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