Attachments: EURUSD

EURUSD

#47,381
Nov 28, 2008 4:37am Nov 28, 2008 4:37am

psiholog
Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts

Quoting NuckingFuts

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It's actually a bit questionable with the neckline on the 30 min as there are two lows, here's the 1hr.

I'll be waiting for a break of this neckline as it's a bit lower than the other H&S neckline.

Ignored

if i had 4 vouches i would definetely vouch for you buddy. forget your name..you know what your doing. i almost never get challenged in my assumptions and it feels like people take in general what i say for granted. I do not want to turn into another algirdas. Thank you for your input as you have broadened my perspective

...including some research on h&s via google to see all possibilities of h&s as you have just said things i wasnt even aware of lol

Different opinions highly valued, ignorant to slander.

#47,382
Nov 28, 2008 4:40am Nov 28, 2008 4:40am

SpecialEd
Joined Jul 2008 | Status: Trader | 1,722 Posts

Quoting psiholog

Disliked

if i had 4 vouches i would definetely vouch for you buddy. forget your name..you know what your doing. i almost never get challenged in my assumptions and it feels like people take in general what i say for granted. I do not want to turn into another algirdas. Thank you for your input as you have broadened my perspective ...including some research on h&s via google to see all possibilities of h&s as you have just said things i wasnt even aware of lol

Ignored

Psi, I like you man, but your youth is showing again. No need to bash Algirdas. In fact, you might want to be as good as predicting the price as Algirdas. He's pretty good to a lot of people on this thread - for free.

In America, we say "if you can't say something good about someone..."

Sorry but had to speak up.

Up or down, gimme a ticket

#47,383
Nov 28, 2008 4:43am Nov 28, 2008 4:43am

psiholog
Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts

Quoting SpecialEd

Disliked

My take - please validate/comment.

PA had hit the bottom of the current range, was making the turn to start heading back up. Minor, but bad Euro news got in the way, causing it to drop to new intra-day low (mainly because it really is wanting to head down (re: H&S)). It's not time to drop yet, so it's back on course to continue upswing either to top of range (2960ish) or, if it breaks there convincingly, we'll see at least 3000, maybe 3080 again. If it does not break 2960ish, then we're still in holiday (now Friday) range trading.

Thoughts?

Ignored

the only thing i want to comment on is the news part. I strongly believe news these days are irrelevant unless they are shocker news like the bailout plan a few days ago. In other words...the whole world is in a recession..everyone knows it..everyone ignores it through accepting bad data that comes out at release. Instead i think these days is more related to what are the major figures in the pictures saying...the trichet the paulson the bernanke and secondly what is the us stock market doing. all stock markets around the world seem to follow whatever the us stock market is doing. We have seen 4 days of straight gains in the dow for example...i highly doubt we will see a 5th and as futures currently stand...they are in the -...possibly a first indicator to a bear day on wall street this friday and a reason as to why we saw this most recent drop..anticipation

Different opinions highly valued, ignorant to slander.

#47,384
Nov 28, 2008 4:44am Nov 28, 2008 4:44am

NuckingFuts
| Joined May 2008 | Status: Nudist | 1,098 Posts

Ok, she moved quicker than I expected and is testing the neckline now. There's confluence here of both necklines, a clear break and we should see 1.27 as first target and then mid 1.25's for the second.

It is a triple whammy though, holiday, friday and last trading day of the month, so expect the unexpected X 3.

Attached Image

#47,385
Nov 28, 2008 4:46am Nov 28, 2008 4:46am

psiholog
Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts

Quoting SpecialEd

Disliked

Psi, I like you man, but your youth is showing again. No need to bash Algirdas. In fact, you might want to be as good as predicting the price as Algirdas. He's pretty good to a lot of people on this thread - for free.

In America, we say "if you can't say something good about someone..."

Sorry but had to speak up.

Ignored

lol im not bashing algirdas...i cannot recall a single time as to why he made the call he made though...in other words....he is a self proclaimed nostradamus or something...that...does not fly with me without an explanation for his decisions

Different opinions highly valued, ignorant to slander.

#47,386
Nov 28, 2008 4:49am Nov 28, 2008 4:49am

SpecialEd
Joined Jul 2008 | Status: Trader | 1,722 Posts

Quoting psiholog

Disliked

the only thing i want to comment on is the news part. I strongly believe news these days are irrelevant unless they are shocker news like the bailout plan a few days ago. In other words...the whole world is in a recession..everyone knows it..everyone ignores it through accepting bad data that comes out at release. Instead i think these days is more related to what are the major figures in the pictures saying...the trichet the paulson the bernanke and secondly what is the us stock market doing. all stock markets around the world seem to follow whatever...

Ignored

Thanks Psiholog. Good points.

Up or down, gimme a ticket

#47,387
Nov 28, 2008 4:52am Nov 28, 2008 4:52am

NuckingFuts
| Joined May 2008 | Status: Nudist | 1,098 Posts

Quoting psiholog

Disliked

if i had 4 vouches i would definetely vouch for you buddy. forget your name..you know what your doing. i almost never get challenged in my assumptions and it feels like people take in general what i say for granted. I do not want to turn into another algirdas. Thank you for your input as you have broadened my perspective ...including some research on h&s via google to see all possibilities of h&s as you have just said things i wasnt even aware of lol

Ignored

No need for the vouches bro. I know that I can bring home cash each month and that's all that matters in this game.

We're all here to learn, it never stops trust me. If you can learn something new each day, you're gonna be one rich (and smart) puppy when you're thinking of retiring.

People can and do learn from you bud (actually they should), you show that you don't need indicators to make it in this game. Knowledge of price movement is what it's all about.

And yes mate, never judge a book by its cover

#47,388
Nov 28, 2008 4:53am Nov 28, 2008 4:53am

traderathome
Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts

Quoting psiholog

Disliked

the only thing i want to comment on is the news part. I strongly believe news these days are irrelevant unless they are shocker news like the bailout plan a few days ago. In other words...the whole world is in a recession..everyone knows it..everyone ignores it through accepting bad data that comes out at release. Instead i think these days is more related to what are the major figures in the pictures saying...the trichet the paulson the bernanke and secondly what is the us stock market doing. all stock markets around the world seem to follow whatever...

Ignored

And all the while, the big money boys have got to keep this bouncing around, so as to make their daily, weekly, monthly take! Fundamentals hardly ever mean sh*t!......even LESS, now.

#47,389
Nov 28, 2008 4:54am Nov 28, 2008 4:54am

psiholog
Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts

traderathome id like to hear your conspiracy theory on the news speculation i made...please enlighten me haha

Edit: lol read my thoughts and answered already..ignore this post haha

Different opinions highly valued, ignorant to slander.

#47,390
Nov 28, 2008 4:54am Nov 28, 2008 4:54am

SpecialEd
Joined Jul 2008 | Status: Trader | 1,722 Posts

This may be trying to head down. On M1 and M5, there's new resistance after that drop to 2838. Has to get above 2880 for my earlier thoughts about climbing to 2960ish to be valid.

I remain fully aware of the H&S that everyone has been following for days now. Holiday got in the way, along with as NuckingFuts pointed out, Friday and last day of month

Psi, on the subject of Algirdas, I think he took our point the other day. If you check his blog site, he's beginning to explain his predictions a bit better.

Off that topic, thanks for hearing me out.

Up or down, gimme a ticket

#47,391
Nov 28, 2008 5:06am Nov 28, 2008 5:06am

psiholog
Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts

Quoting SpecialEd

Disliked

Psi, on the subject of Algirdas, I think he took our point the other day. If you check his blog site, he's beginning to explain his predictions a bit better.

Off that topic, thanks for hearing me out.

Ignored

dont get me wrong i think algirdas is one of the best traders i have ever encountered. his "lose no one pip" motto that isnt even correct gramatically sticks in my head to this day. he truly knows what hes doing and i think it would benefit us all to tell us all how he trades. i really dont see the point in just calls and i just looked at his site..i see what you mean...maybe..just maybe...hes learning to share

Different opinions highly valued, ignorant to slander.

#47,392
Nov 28, 2008 5:07am Nov 28, 2008 5:07am

ganesha
| Joined Nov 2008 | Status: Trader | 43 Posts

Quoting psiholog

Disliked

the only thing i want to comment on is the news part. I strongly believe news these days are irrelevant unless they are shocker news like the bailout plan a few days ago. In other words...the whole world is in a recession..everyone knows it..everyone ignores it through accepting bad data that comes out at release. Instead i think these days is more related to what are the major figures in the pictures saying...the trichet the paulson the bernanke and secondly what is the us stock market doing. all stock markets around the world seem to follow whatever...

Ignored

I agree with you. The main thing seems that United States is talking one voice, Europe is fragmenting their help through 27 seven different financial programs. A total mess. I think that is why the dollar is getting stronger. Euro has another problem, a few european countries are saying that the 3% deficit limit should be increased . This was one of the merits of the euro, without that the currency will suffer.

#47,393
Nov 28, 2008 5:16am Nov 28, 2008 5:16am

psiholog
Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts

Quoting ganesha

Disliked

I agree with you. The main thing seems that United States is talking one voice, Europe is fragmenting their help through 27 seven different financial programs. A total mess. I think that is why the dollar is getting stronger. Euro has another problem, a few european countries are saying that the 3% deficit limit should be increased . This was one of the merits of the euro, without that the currency will suffer.

Ignored

lets not forget one major issue for this recent dollar strength...in my opinion the biggest reason of all. The good old US of A is facing a tremendous debt deficit..what was it..10trillion..probably more now. Anyways what does this mean....we are debtors to the whole world..especially china and japan. This debt there is no way for us to pay off at least for a while. But what can the world as a whole do to diminish this debt?..make the dollar a bit stronger..make what is paper into a real currency again just so that this money we owe is actually worth something once we pay it off that way the whole world prospers...go obama..i hope

Different opinions highly valued, ignorant to slander.

#47,394
Nov 28, 2008 5:20am Nov 28, 2008 5:20am

SpecialEd
Joined Jul 2008 | Status: Trader | 1,722 Posts

My chart...

Attached Image

Up or down, gimme a ticket

#47,395
Nov 28, 2008 5:24am Nov 28, 2008 5:24am

psiholog
Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts

Quoting SpecialEd

Disliked

My chart...

Ignored

hmm from what ive observed a flag..in this case bear flag would need to go against the trend...so if the trend is down this flag should be moving up...but its not..so its difficult for me to make that assumption..just my 2cents...i do think 1.2825 is a very strong support and we will not break it any time soon which may lead to a clearer flag..

Different opinions highly valued, ignorant to slander.