Second short established @1.4131 still holding one from 1.4062 SL for both @ 1.4215
- #50,762
- Dec 16, 2008 3:04pm Dec 16, 2008 3:04pm
- Joined Apr 2007 | Status: RCMM (Risk Analysis Money Manager) | 2,556 Posts
- #50,763
- Dec 16, 2008 3:05pm Dec 16, 2008 3:05pm
- Joined Dec 2007 | Status: Informed | 1,641 Posts
SCOTTY!! Beam me up!! Good to see you a'rd.
- #50,767
- Dec 16, 2008 3:05pm Dec 16, 2008 3:05pm
shadow, don't underprice yourself bro, that would be $15,139.90 in Zimbabwean Dollars.
((756,995.03 Zimbabwean Dollar per US Dollar This exchange rate is based on the daily rates for the US dollar.))
Keep up the good work ak4x, your charting knowledge is one of the best here on FF...
- #50,768
- Dec 16, 2008 3:07pm Dec 16, 2008 3:07pm
- Joined Oct 2007 | Status: Pip Seer | 1,299 Posts
Pip what you see; See what you pip!
- #50,769
- Dec 16, 2008 3:08pm Dec 16, 2008 3:08pm
You guyz are repeating the same mistake...don't lookout for few pips in opposite direction.
- #50,772
- Dec 16, 2008 3:19pm Dec 16, 2008 3:19pm
Could one of you more experienced guys give me your opinion on the rather crude EUR/USD Daily chart below please??
If my understanding is correct this is what I am thinking.
Theory 1:
Candle hits 200EMA (Which is almost bang on the 50.0 fib line) and bounces back
Theory 2:
Candle breaks 50.0 fib and continues up to 1.4612
My hunch is theory 2 as we are in an upward trend and all my learnings so far tell me to go with the trend
All feedback is most welcome as I value your opinions. All I need to know is if I am on the right tracks.
Cheers guys.
If my understanding is correct this is what I am thinking.
Theory 1:
Candle hits 200EMA (Which is almost bang on the 50.0 fib line) and bounces back
Theory 2:
Candle breaks 50.0 fib and continues up to 1.4612
My hunch is theory 2 as we are in an upward trend and all my learnings so far tell me to go with the trend
All feedback is most welcome as I value your opinions. All I need to know is if I am on the right tracks.
Cheers guys.
- #50,773
- Dec 16, 2008 3:19pm Dec 16, 2008 3:19pm
- | Additional Username | Joined Sep 2009 | 8,623 Posts
1.41 as I expected and now this baby is going down
short
- #50,775
- Dec 16, 2008 3:23pm Dec 16, 2008 3:23pm
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
FUBAR...
- #50,776
- Dec 16, 2008 3:25pm Dec 16, 2008 3:25pm
Some people just need to learn things the hard way I guess....we've all been there...
I just say one thing....there is a difference between a break out with retrace patterns in "normal" market conditions between established ranging price levels...or fundamental break outs...
Goal of the first is to trade both ways with no expectations to maintain a certain level other then gaining a two way profit and returning to base level for the day...slightly up or down...
The second...the one we seen today...is a one way street...major funds, banks..etc...support to break and keep supporting it to maintain and or progress to a projected level of ranging.
Once you learn to see the difference...watch your bank account grow...
As always...Just my 2 cents...
I just say one thing....there is a difference between a break out with retrace patterns in "normal" market conditions between established ranging price levels...or fundamental break outs...
Goal of the first is to trade both ways with no expectations to maintain a certain level other then gaining a two way profit and returning to base level for the day...slightly up or down...
The second...the one we seen today...is a one way street...major funds, banks..etc...support to break and keep supporting it to maintain and or progress to a projected level of ranging.
Once you learn to see the difference...watch your bank account grow...
As always...Just my 2 cents...
- #50,780
- Dec 16, 2008 3:31pm Dec 16, 2008 3:31pm
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
gotta love gravity... 
FUBAR...