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  • #47,061
  • Nov 25, 2008 6:50pm Nov 25, 2008 6:50pm
Quoting Driver55

I have accumulated during the up movement several short and I have protected my position with hedging.
I unlocked at 3060 and now wait.

Do you unlock gradually (i.e. one by one) like the way you build your positions or remove all hedges at the same time?
The Thief of Wall Street
  • #47,062
  • Nov 25, 2008 6:56pm Nov 25, 2008 6:56pm
PA suggests will drop!
Now Target, I can suggest 1.2980, 1.2966.
If below 1.2966 so we can go to 1.2860 tomorrow morning.
We can see a big surprise and start to see a new big up move in Asian Market, watch out 1.3057.
I have other number to follow 1.3008 in one H4 Channel I have that last H4 closed above my cross lines, that is a bad sign to shorts, let us see where will close this one.

Resume
Trade at your own risk!
  • #47,063
  • Nov 25, 2008 6:58pm Nov 25, 2008 6:58pm
Quoting egkid
I'm [email protected],Here it's The weekly and daily chart , Check fib@ 38.20
Personally I'd like to see it at the 50%.
The stronger moves are bounces from the 50% in my opinion.
So hopefully we'll get to the 1.32xx so I can load up the short bus.
  • #47,064
  • Nov 25, 2008 7:12pm Nov 25, 2008 7:12pm
Quoting Chicky
Do you unlock gradually (i.e. one by one) like the way you build your positions or remove all hedges at the same time?

Depends on the circumstances ..
This time I unlocked everything ... and for this reason that rigid lock everything if Pa returns over 3080

The best thing that can happen to you is to find out where you're wrong.
  • #47,065
  • Nov 25, 2008 7:13pm Nov 25, 2008 7:13pm
chicky, how are things with you? Got pips?
FUBAR...
  • #47,066
  • Nov 25, 2008 7:16pm Nov 25, 2008 7:16pm
Quoting ak4x
chicky, how are things with you? Got pips?
It's the new scalper. How are you AK4X?
Up or down, gimme a ticket
  • #47,067
  • Nov 25, 2008 7:23pm Nov 25, 2008 7:23pm
Seems that he likes to dance, let us see until when.
I will show in a couple of minutes my chart, before I go to
  • #47,068
  • Nov 25, 2008 7:29pm Nov 25, 2008 7:29pm
Quoting doblece

Also: Head and shoulders (BIG) on H1...

For those who love symmetry...
i like that head and shoulder idea doblece. it fits perfectly with my uptrend. Heres how i see it working out. We continue downwards to that 1.2950ish area where the left shoulder is...we will encounter some support there. We range there for some time until boom...we break through that point and get out of this uptrend finally. We retrace 100% of the way to the start of todays 200pip run up...the 1.2800 level. at which point we will go back up to retest the break out wall which should form the right shoulder at the 1.2950 level. that zone will also coincide with 61.8% retracement for what could
possibly become fibs high to low (1.3080 to 1.2800 or something like that). We reach 1.2800 again...slowly...once its broken...here comes that 1.2500 that ive been talking about so much.

This is a very possible scenario...but because it is so simple in nature....i dont trust it one bit until i see it
Plus it may take 24-48 to complete..just in time for turkey...gobble

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Different opinions highly valued, ignorant to slander.
  • #47,069
  • Nov 25, 2008 7:33pm Nov 25, 2008 7:33pm
Quoting SpecialEd
It's the new scalper. How are you AK4X?
i'm fine. evening started off ok with a little downside mom that has since dried up. took 35 on that first trade to my tp which then ran on some more, but that's the way that system goes. like I said, i needed to get some of the discipline from that method back into my numbskull. the trend trading is ez pips but makes me lazy, dull, and dimwitted. (no snickering.. )

it's not about pips I lost or left on the table, cuz I didn'y LOSE any pips, and I took from the table everthing I wanted, so what's not to like?

currently re-entered on a limit order at the retrace to the QP at 3026, and am +6-10 on that one hoping to see the DP on this trip down (TP is 2984). that will do it for me tonite if I get it. If not I'll manually eject when i get tired of watching it.

15m and 30m gann have crossed down but 1hr is still up and below the candle, there's lower BB's in the way and no momentum to punch anything thru atm.

How bout you?
FUBAR...
  • #47,070
  • Nov 25, 2008 7:34pm Nov 25, 2008 7:34pm
Quoting Pipin8easy
happy trading everyone

im looking for a moble trading platform for a google g1 mobile phone if anyone knows where i can get one would be great.. If not is there a website i can go to that will just show me the price of pairs that i can keep a eye on when im not home. thanks
--- for daily rates
http://www.dailyfx.com/
www.oanda.com

You can also install Google Desktop Sidebar and add some forex gadget to get live currency rates updated automatically.
  • #47,071
  • Nov 25, 2008 7:42pm Nov 25, 2008 7:42pm
Quoting psiholog
i like that head and shoulder idea doblece. it fits perfectly with my uptrend. Heres how i see it working out. We continue downwards to that 1.2950ish area where the left shoulder is...we will encounter some support there. We range there for some time until boom...we break through that point and get out of this uptrend finally. We retrace 100% of the way to the start of todays 200pip run up...the 1.2800 level. at which point we will go back up to retest the break out wall which should form the right shoulder at the 1.2950 level. that zone will also...

Itīs a idea that seems to me to be still far away as hypotheses.
At these times there is no pressure and then I look at levels closer.
I would be happy if the next 1H bar opens below 3010.
The 2950 has lost its meaning now ... I look like as next step at 2910-2900 and 2810-2800 after

The best thing that can happen to you is to find out where you're wrong.
  • #47,072
  • Nov 25, 2008 7:43pm Nov 25, 2008 7:43pm
Interesting article by Orlandini on falling $.

http://www.gold-eagle.com/editorials...ini112408.html

Snapshot:
Today the greenback did not take kindly to the news as the December US Dollar futures contract fell a huge 2.13 to end the day at 86.28 after trading as low as 85.00 earlier in the day. I see the key to determining whether or not the top is in as a close below the November 5th closing low of 85.13. This would mean that we have a lower low and indicate a change in trend, i.e. the secondary trend has ended and the primary bearish trend has resumed
  • #47,073
  • Nov 25, 2008 7:44pm Nov 25, 2008 7:44pm
I'm bearish at the moment. I expect this thing to head down towards the 2950 level at the very least.

All the CNBC reporters have been talking up the EUR/USD so I'm betting it'll go the other way...(just for fun)

But the techncials support a move down as well IMO. We hit a monthly fib level and it turned around at that point. So it'll probably head down towards the 2900 level before the end of this week IMO.

edit: as you can see from the Dow chart below it appears to be heading lower today as well. This means that a lower dow should make for a stronger USD IMO.
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  • #47,074
  • Nov 25, 2008 7:46pm Nov 25, 2008 7:46pm
putting aside my previous post...i think we may have a bear flag on our hands here in this time of consolidation after somewhat of a down trend.confirmation wont come until the triangle gets broken though with a secondary break of 1.3000..the most psychologically psychological level possible at this time

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Different opinions highly valued, ignorant to slander.
  • #47,075
  • Nov 25, 2008 7:51pm Nov 25, 2008 7:51pm
See last PA. at this 15M chart!

Red Line 1 - important line that usually holds price, after that cross at 1.3014 if next candle close below, good to enter in this case short. As you can see next candles price is dancing around the line.
Red line 2 - SL line if I enter at 1.3014 SL at 1.3032.
Line 3 - if breaks possible good long move.
Line 4 - FIB Pivot at 1.2980
Line 5 - My personal line, I like this one .
LINE A - Important line for Medium Term, price will dance around her for large swings or I use it for TP or New entries. Today did not hold price at 1.3033.

As you guys can see PV are some pips away from this PA, but PA it is in my lines, now I must read the lines to see next move.

BYE
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  • #47,076
  • Edited 8:00pm Nov 25, 2008 7:59pm | Edited 8:00pm
Quoting ak4x
chicky, how are things with you? Got pips?
Not very well so far. Got stopped out on short positions this morning while at work. I am waiting for downward trend to resume. Will re-enter only after seeing a gap on the down side that has a chance to fill about 61.8%.
The Thief of Wall Street
  • #47,077
  • Nov 25, 2008 7:59pm Nov 25, 2008 7:59pm
Hello!

My name is Jay and I post here "occasionally".

I've been in a long since 2823 got hit and in another one since 3035 (one on the daily chart, the other my first attempt at the weekly chart).

Because of the possibility of the market fluctuating up, down or sideways, I decided to apply for TARP money to hedge my bets...that situation is developing.
Not all sins are created equal
  • #47,078
  • Nov 25, 2008 8:01pm Nov 25, 2008 8:01pm

It is not a good sign an opening above 3010

The best thing that can happen to you is to find out where you're wrong.
  • #47,079
  • Nov 25, 2008 8:03pm Nov 25, 2008 8:03pm
30min. pattern indicates potential break to the top with target 1.3100, and if 1.3100 is broken it could go higher from there. Stops should be kept somewhere around 1.2950 if longs are taken from here.
  • #47,080
  • Nov 25, 2008 8:05pm Nov 25, 2008 8:05pm
Quoting Chicky
Not very well so far. Got stopped out on short positions this morning while at work. I am waiting for downward trend to resume. Will re-enter only after seeing a gap on the down side that has a chance to fill about 61.8%.
I mean will follow a downward break till it ends, then will go for 38.2% retrace on the up, then again take a chance for a downturn. Favoring down trend because I don't think present economic sitaution warrants any solid bigger upward moves.
The Thief of Wall Street
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