that thing about the triangle worked... I'm letting ride this one... from 1.2991... since I already did a lot of pips this morning... I'm going to let this break 1.3080 and more... if it reverses nothing happens.. free trade now... 
- #47,021
- Nov 25, 2008 2:21pm Nov 25, 2008 2:21pm
- Joined Apr 2007 | Status: RCMM (Risk Analysis Money Manager) | 2,556 Posts
- #47,022
- Nov 25, 2008 2:23pm Nov 25, 2008 2:23pm
- Joined Apr 2007 | Status: RCMM (Risk Analysis Money Manager) | 2,556 Posts
- #47,023
- Nov 25, 2008 2:26pm Nov 25, 2008 2:26pm
- Joined Oct 2008 | Status: Let the market come to you | 2,670 Posts
Hello fellow traders,
I'm still here.
Just busy.
I started a hedge fund and I've been contacted to work on a book.
The book will be trading pivots in the currency markets... the majors only.
Whew... a lot of work but it's a great learning experience.
The book will target those with a fundamental understanding of trading these markets.
Moving on...
This current environment is junk.
I wouldn't put to much weight on anything.
Novembers usually suck.
Mike
in touch.
- #47,024
- Nov 25, 2008 2:26pm Nov 25, 2008 2:26pm
- | Joined Jul 2008 | Status: Trader | 1,722 Posts
Up or down, gimme a ticket
- #47,025
- Nov 25, 2008 2:29pm Nov 25, 2008 2:29pm
- Joined Mar 2007 | Status: Trader | 3,709 Posts
nice to know from you... good news to start a hedge fund... I hope to start one too.
I'll be around from time to time to pick on the newbies.
m
- #47,026
- Nov 25, 2008 2:31pm Nov 25, 2008 2:31pm
- Joined Mar 2007 | Status: Trader | 3,709 Posts
Hello Mike,
Have missed you lately. Sounds like you've been busy and prosperous. Thanks for all you've done for the thread, and best wishes with your fund and book.
Ed
Not prosperous... yet... always trying.
Mike
- #47,027
- Nov 25, 2008 2:33pm Nov 25, 2008 2:33pm
- Joined Mar 2007 | Status: Trader | 3,709 Posts
Glad to hear from you, was wondering. Congratulations! (I guess) My wife is writing two books. It's alot of work. I'll take trading over that any day. Good luck and stay
Mike
- #47,028
- Nov 25, 2008 2:34pm Nov 25, 2008 2:34pm
- Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts
Hello fellow traders,
I'm still here.
Just busy.
I started a hedge fund and I've been contacted to work on a book.
Mike
- #47,029
- Nov 25, 2008 2:38pm Nov 25, 2008 2:38pm
- Joined Mar 2007 | Status: Trader | 3,709 Posts
Good to hear that you’re fine and good luck with the book.
Congrats.
Mike
- #47,030
- Nov 25, 2008 2:48pm Nov 25, 2008 2:48pm
- Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts
- #47,031
- Nov 25, 2008 3:12pm Nov 25, 2008 3:12pm
- Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts
a little market psychology here that im feeling. bailout plan announcement..boom..200 pips up. bulls liked that one. afterwards...all news was played out...their like...
...thats alot of money we just made in two days playing against the trend...they decided...lets keep pa at the high all day...load up our shorts and make a double top and walk away for the rest of the week. theres nothing important left except... 
gobble gobble
conclusion...add on top of that...5straight days of gold rising...3days of dow in the green (unheard of in a long time )..oil back down to 50 for who knows what reason....next step is possibly consolidation downwards possibly to 1.2500 for the rest of the week...if i am wrong...it means thats what i would do if i were a market maker...haha...illusions
...thats alot of money we just made in two days playing against the trend...they decided...lets keep pa at the high all day...load up our shorts and make a double top and walk away for the rest of the week. theres nothing important left except... gobble gobbleconclusion...add on top of that...5straight days of gold rising...3days of dow in the green (unheard of in a long time )..oil back down to 50 for who knows what reason....next step is possibly consolidation downwards possibly to 1.2500 for the rest of the week...if i am wrong...it means thats what i would do if i were a market maker...haha...illusions
Different opinions highly valued, ignorant to slander.
- #47,032
- Nov 25, 2008 3:13pm Nov 25, 2008 3:13pm
- | Joined Jul 2008 | Status: Trader | 1,722 Posts
Up or down, gimme a ticket
- #47,033
- Nov 25, 2008 3:14pm Nov 25, 2008 3:14pm
- Joined May 2006 | Status: Still here. | 2,602 Posts
Thanks for the thanks, Cobraforex... it's a pleasure to see how this baby keeps growing
This is what I see EURUSD could do. Sorry for the chart, I am still having problems to move around the platform so I had to take the "draft" one with Print Screen.
The pattern is similar to the previous "diminishing patterns" that I had noticed as preparing the turn up. This is H4 chart. The fibs are previous levels, weekly, daily and from other moves. I can't check now for the description of each but will do later if needed. Now I am going to sleep a few hours so I can be awake in Europe Take care and play safe.
This is what I see EURUSD could do. Sorry for the chart, I am still having problems to move around the platform so I had to take the "draft" one with Print Screen.
The pattern is similar to the previous "diminishing patterns" that I had noticed as preparing the turn up. This is H4 chart. The fibs are previous levels, weekly, daily and from other moves. I can't check now for the description of each but will do later if needed. Now I am going to sleep a few hours so I can be awake in Europe
Take care and play safe.
- #47,036
- Nov 25, 2008 3:26pm Nov 25, 2008 3:26pm
a little market psychology here that im feeling. bailout plan announcement..boom..200 pips up. bulls liked that one. afterwards...all news was played out...their like...
conclusion...add on top of that...5straight days of gold rising...3days of dow in the green (unheard...
I barely got out with my shorts from the 1.29xx levels I had open to close at the 1.2811 area this morning.
But I have been waiting for the top of this thing. Nothing fundamental has changed, and it's when everyone starts thinking the worst is behind them is when you get hit. The longterm trend is down still.
However, the bulls have pushed this up and are making a good effort to change the trend, but I don't think we are there yet. If you draw a FIB from Oct 22nd 2000 (low around the 0.8200 area) to the high of around the 1.600 area, we never test the 50% fib of around the 1.2100 area.
I still think we need to test the 1.2100 area.
Also - if you look at when we were at the lows of the 0.8200 area, we spiked up around 1400 pips, and it came back down to test support. This took about 6 months to do. I just don't think a few days will matter that much to the long term outlook - we have to come back and test support, or it's not support or a confirmed uptrend in my book.
- #47,037
- Nov 25, 2008 3:41pm Nov 25, 2008 3:41pm
- Joined Apr 2007 | Status: RCMM (Risk Analysis Money Manager) | 2,556 Posts
a little market psychology here that im feeling. bailout plan announcement..boom..200 pips up. bulls liked that one. afterwards...all news was played out...their like...
conclusion...add on top of that...5straight days of gold rising...3days of dow in the green (unheard...
or.......
let's give another week of extreme buying... to keep out people that is waiting for a retrace to enter... while the aggressive buyers become richer before Christmas... when they will sell everything to the losers to spend it on Christmas
- #47,038
- Nov 25, 2008 3:57pm Nov 25, 2008 3:57pm
or.......
let's give another week of extreme buying... to keep out people that is waiting for a retrace to enter... while the aggressive buyers become richer before Christmas... when they will sell everything to the losers to spend it on Christmas
. What do u think the peak resistance before it will go down? and how fast? I need to add another margin if it possible to go beyond 1330 
- #47,039
- Nov 25, 2008 3:57pm Nov 25, 2008 3:57pm
- | Joined Jul 2008 | Status: Trader | 1,722 Posts
Up or down, gimme a ticket
- #47,040
- Nov 25, 2008 4:01pm Nov 25, 2008 4:01pm
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
I'll be around from time to time to pick on the newbies.
m
and if you get a case of writer's block, you know we're here for you bro...
FUBAR...