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  • #48,381
  • Dec 4, 2008 9:09am Dec 4, 2008 9:09am
Quoting 5ysfx
still not too late to jump in IMO
Maybe when the big boys gets back from there lunch break things might continue a bit.. were entering the dead zone time of day
  • #48,382
  • Dec 4, 2008 9:13am Dec 4, 2008 9:13am
final post on forexfactory.com

i do not enjoy posting my observations anymore and do not enjoy helping others anymore. if that desire ever comes back again so will I...until then...good pippin all and keep this in mind...never let anyone bring you down from your goals and dreams...never let anyone tell you what you can or cannot do and most important of all...do not let yourself be the obstacle from progressing forward.
Different opinions highly valued, ignorant to slander.
  • #48,383
  • Dec 4, 2008 9:14am Dec 4, 2008 9:14am
Quoting Turhovach
Good Morning. EUR/USD might be at the end of its first leg up here. Its butting up against R1 and that first FIB extension. Pretty nice run-up so far. No doubt caught a few folks unawares.
...good trading...

Thanks for the fib. I hadn't drawn that one. And good job everyone for keeping the charts and info streaming.
  • #48,384
  • Dec 4, 2008 9:17am Dec 4, 2008 9:17am
Quoting psiholog
final post on forexfactory.com

i do not enjoy posting my observations anymore and do not enjoy helping others anymore. if that desire ever comes back again so will I...until then...good pippin all and keep this in mind...never let anyone bring you down from your goals and dreams...never let anyone tell you what you can or cannot do and most important of all...do not let yourself tell you be the obstacle from progressing forward.
Well thanks for all your posts. Personal issues aside, I can say I have greatly benefited from your posts. I wish you well.
  • #48,385
  • Dec 4, 2008 9:19am Dec 4, 2008 9:19am
I think You are one of the appreciate here. I learned a lot of things from your posts. PLease stay here. We need your help.
http://www.forexfactory.com/images/icons/icon9.gif

Quoting psiholog
final post on forexfactory.com

i do not enjoy posting my observations anymore and do not enjoy helping others anymore. if that desire ever comes back again so will I...until then...good pippin all and keep this in mind...never let anyone bring you down from your goals and dreams...never let anyone tell you what you can or cannot do and most important of all...do not let yourself be the obstacle from progressing forward.
  • #48,386
  • Dec 4, 2008 9:22am Dec 4, 2008 9:22am
looks to me as....

BUY THE DIPS
There's a POT of GOLD at the END of the RAINBOW!!
  • #48,387
  • Dec 4, 2008 9:23am Dec 4, 2008 9:23am
Very interesting situation with this bull run....

Correlation has partly gone...DJI is 85 points down from opening, gold dropping, Oil dropped...all down from opening

EUR is still holding 110 points up....

Certainly stuff to take on board for future reference...
  • #48,388
  • Dec 4, 2008 9:24am Dec 4, 2008 9:24am
Quoting psiholog
final post on forexfactory.com

i do not enjoy posting my observations anymore and do not enjoy helping others anymore. if that desire ever comes back again so will I...until then...good pippin all and keep this in mind...never let anyone bring you down from your goals and dreams...never let anyone tell you what you can or cannot do and most important of all...do not let yourself be the obstacle from progressing forward.
I thought about replying to your lest post saying "becareful you will get another speech about drinking" as we have seen before in this thread.
Always people standing by ready to pass judgements.

I've found your posts insightfull so if your really quitting the forum because of one persons attack/flame against you then keep doing what your doing and keep making money.
  • #48,389
  • Dec 4, 2008 9:36am Dec 4, 2008 9:36am
I think we have some teetotalers in our midst. If you dont' like someone's posts, then put them on ignore. Personally, I found psi's insights helpful and hopes he continues to post his thoughts about forex somewhere.

G.
  • #48,390
  • Dec 4, 2008 9:36am Dec 4, 2008 9:36am
waiting for correction.
went short 1.2811
  • #48,391
  • Dec 4, 2008 9:37am Dec 4, 2008 9:37am
Quoting Algirdas
New Update:

EUR/USD Buy near 1.2599
GBP/USD Buy near 1.4723
AUD/USD adding Buy near 0.6407, AUD/USD we Hold
NZD/USD adding Buy near 0.5287, NZD/USD we Hold

USD/CAD Sell near 1.2657
USD/CHF Sell near 1.2167
USD/JPY Sell near 93.53
Now it's good time to take profit from last Entries and looking for retrecmant

and we'll add little more at:
EUR/USD Buy near 1.2747
GBP/USD Buy near 1.4677
AUD/USD Buy near 0.6417
NZD/USD Buy near 0.5287

USD/CAD retest today's highs
USD/CHF Sell near 1.2031
USD/JPY looking retest today's highs

http://www.forextradersdaily.com/for...c/progress.gif

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  • #48,392
  • Dec 4, 2008 9:37am Dec 4, 2008 9:37am
Quoting psiholog
final post on forexfactory.com

i do not enjoy posting my observations anymore and do not enjoy helping others anymore. if that desire ever comes back again so will I...until then...good pippin all and keep this in mind...never let anyone bring you down from your goals and dreams...never let anyone tell you what you can or cannot do and most important of all...do not let yourself be the obstacle from progressing forward.
Good luck, Psiholog. You are a smart young man who will be missed, aside from your technical knowledge. You and I have had several conversations over the months. I have to say, Turhovach did the appropriate thing in admonishing you earlier. Psi, you should know more than anyone, many of us get to liking and respecting each other on FF, but bottom line - many of us are trying to do Forex for professional reasons.

I know your ambition, and you could achieve it. Excess drinking will deter you from that, but that's your business, not mine. You signing on to tell us you're trading drunk or waking up from a drunken stupor to find out you made more PIPs gets to be annoying. It has no place on here.

My suggestion? Take Turhovach's post constructively and get back to work. If you can't do that, then as I said, you will be missed and I respect your trade skills.

Best,
(notso)SpecialEd
Up or down, gimme a ticket
  • #48,393
  • Dec 4, 2008 9:37am Dec 4, 2008 9:37am
Quoting Shadowfx
Very interesting situation with this bull run....

Correlation has partly gone...DJI is 85 points down from opening, gold dropping, Oil dropped...all down from opening

EUR is still holding 110 points up....

Certainly stuff to take on board for future reference...
I am predicting lunch

And I noticed the same.. about the dow and oil has been off it seems the past few times i've looked over the past few days or so..
  • #48,394
  • Dec 4, 2008 9:46am Dec 4, 2008 9:46am
Intraday, only gold is up.
Up or down, gimme a ticket
  • #48,395
  • Dec 4, 2008 9:46am Dec 4, 2008 9:46am
Quoting psiholog
final post on forexfactory.com

i do not enjoy posting my observations anymore and do not enjoy helping others anymore. if that desire ever comes back again so will I...until then...good pippin all and keep this in mind...never let anyone bring you down from your goals and dreams...never let anyone tell you what you can or cannot do and most important of all...do not let yourself be the obstacle from progressing forward.
I, for one, do not want you to leave. Our Amos `n Andy show help out thru the boring times. You are technically rooted, which is where I have my roots when I`m not out maurading manipulators. Don't let it come to that, is my request.
  • #48,396
  • Dec 4, 2008 10:03am Dec 4, 2008 10:03am
Quoting psiholog
this guy has been ranting all week about bull run this bull run that. i thought he was crazy...apparently hes some kind of predictor...he was drunk when he said that and passed out right after?...trippy

Attachment
hey tell me what do you drink ..hehe
  • #48,397
  • Dec 4, 2008 10:10am Dec 4, 2008 10:10am
The title is the reason i make this post here, i`m new on this forum but not so new in trading forex and not new at all in trading in general. I just wanted to make a quick answer to questions like "Why EURUSD is going north after rate cut" and so on, well you people here that asked this question look like you all beleive the old quote saying that no one single trader can move the forex market because is so large and blah blah... Well i`m afraid that is what they (they beeing those who actually benefit from the fact that you are trading, starting with every guru selling books to every broker getting commissions or profit from the spread, more wanna be traders more money for them) want you to believe but the reality is that the market is moved mostly by a few large traders and you, with ur $$100 mil have no influence. This traders are central banks who can move the market and is doing so (example today in this case ECB itself) in whatever direction wants and whenever it wants. As of today what we all saw was ECB protecting EUR from falling sharp after the anouncement by pumping trilions of dollars at selling thus pushing EUR higher. This things happens in any country with any central bank, they are takeing the best measures that they believe will keep economy from falling. There is a lot to say and i dont pretend that i`m a expert even tough i have a economics degree but overall i just wanted to stress out that the believe that no one can move the forex market is just wrong and more the oposite its true. What traders like us can do well pretty much nothing but ignoring the news, beting (some of you say trading but its actually just a bet) and keeping an eye on MM the only thing that can make this a profitable game, not without consequences like white hair or worst drunk habbits or smoking problems or whatever.

BTW Pshiholog i was just wondering do u trade (try to) for a living? Cause you are either just having fun trading not carring for the money and not living from your profit, either you are way way to stressed which is not a good thing, either you are ..well i`m not going to say this cause i do not believe it so it must be one of the first two options. Please no offense cause i did not want to offend anyone.
  • #48,398
  • Dec 4, 2008 10:25am Dec 4, 2008 10:25am
Hi PSI,
Thanks for your PM but I thought what I want to say I should do here in public.
Everybody here respects you as a trader and in many occasions you have shown that you have skills to be a professional trader.
I know, and you posted it here as well, that you are in love with a girl that lives in Europe, far away from you, that makes you mad and you try to get rid of that feelings in form of drinking too much.
Believe me, the good stuff is only good if you are in happy mood, drinking off problems make them even worse, you wake up with a headache and the problem is still there.

My advice is: Do what you are able to do to get that problem solved, make money to have chance to visit your girl again and than decide if you want a serious future with her.
Your way to do that is trading and posting your trades here helping other folks to understand Forex.

Get your head back and start to do again what you are born for, you actually have a good base (you know what I mean) to reach that destination.

Good luck and come back.

Your friend Cobra
  • #48,399
  • Dec 4, 2008 10:37am Dec 4, 2008 10:37am
Hope U Remember Me. U Gave Me Some Advice And I Took It. I Am Getting Better At This Business Cos Of That.
  • #48,400
  • Dec 4, 2008 10:37am Dec 4, 2008 10:37am
so what do you guys think will happen now?

The currency is currently at 1.2794. Because of the news, ECB made their move and made the euro stronger which explains why the eurusd kept increasing, to 1.2840. However this one is temporary, as the general view is that the dollar will be gaining strength.

Nonfarm payrolls tomorow will however set the tone, and give the currency a hint on which direction to take. Numbers can be potentially bad for the USD. So until the nonfarm payroll, the EURUSD, will proabably be ranging.
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