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  • #58,521
  • Jan 23, 2009 8:57am Jan 23, 2009 8:57am
Quoting Driver55

For almost 20 years I do this work.

Who knows why always encounter people who want to tell me what I think.

Maybe you do not understand the joke implied by my statement about praying ... perhaps only young to understand

ok, good luck
If it's too good to be true, it probably is.
  • #58,522
  • Jan 23, 2009 9:03am Jan 23, 2009 9:03am
im not the most religious person in the world. but would shed blood for your right to be. your prayer doent bother me... as long as im on the same side of the trade *L* from your ealier post i dont think we are, but pleas pray on. but you dont need my permision or aproval to do that. or anyone else.
those who can, do. those who cant, talk about those who can
  • #58,523
  • Jan 23, 2009 9:18am Jan 23, 2009 9:18am
Should have used it for a quick scalp maybe.
The longer you wait the more likely you will get overrun by
the overall downtrend.
  • #58,524
  • Jan 23, 2009 9:35am Jan 23, 2009 9:35am
I'm short EU from 1.2833, I've already taken some profits and am still in the trade. My thoughts are that if 5min bar closes above 1.2868 it will carry on up, otherwise I will stay short.
Good Trading. (keep it simple).
  • #58,525
  • Jan 23, 2009 9:41am Jan 23, 2009 9:41am
just wanted to make you feel good.

[ECRI US LEADING INDEX] ECRI's US leading economic index fell by -1.2% to 107.4 from 108.7 in week ended Jan 16. The weekly drop was led by higher jobless claims and weaker commodities. That left the smoothed (4-wk mov avg) annualized growth still in deep recessionary territory at -24.4% although up from record low of -30.4% in early Dec. Latter was worst since early 1949 when the ECRI began to collect the data. This suggests a deep and prolonged recession. Note the most recent OECD's composite world lead indicator (CLI) is down to level consistent with the worst global recession since 1974, with strong downturn flagged in China.
those who can, do. those who cant, talk about those who can
  • #58,526
  • Jan 23, 2009 9:53am Jan 23, 2009 9:53am
Quoting Driver55

My analysis is based on a weekly chart

could you please share (by looking at the weekly e/u) why you see an opportunity for a long trade...and do you have a short term target price or a longer term price....

thanks,

mm

p.s. always looking to learn from trading longer time frame charts!
He who hesitates is hesitant....which always leads to bad entries.
  • #58,527
  • Jan 23, 2009 9:55am Jan 23, 2009 9:55am
Indeed , China is experiencing the worst from decate. many manufactories closing in a record pace. The world is a real ,real trouble. SCARY times.

reply:@ gatorinla's post.
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #58,528
  • Jan 23, 2009 9:58am Jan 23, 2009 9:58am
Maybe I will do a free lesson later to all novice trades!!
Today is the right day to do that!!

Keep those longs shorties!!

Do not forget, with a wave always comes others and only when the sea is flat it is time to go for a bath!!
  • #58,529
  • Edited 10:11am Jan 23, 2009 9:58am | Edited 10:11am
Ok I now officially believe the downward trend. Was scalping the sub-2800 zig zag movement through the day, then got caught up in the recent nasty upswing with 2804 and 2817 shorts. Figured I could handle some drawdown this way and doubled the short up at 2859 and took the profits when it went back down to 2804 couple minutes ago. I now got short orders sitting on 2829 and 2849. Overall went 5 profits/5 losses with +100 pips today (150 counting the short from yesterday to today early morning) so cant complain at all.

This guy is officially cool:
http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/friday-hodgepodge!-2009012376158/
  • #58,530
  • Jan 23, 2009 10:10am Jan 23, 2009 10:10am
if it is a down trend so it is a right time to make a short order. Hmm... lets make some experiment short @2823. It is right at my support line. Will play it with min qty and 30 pips SL.
Manage your risk accordingly and you're half done your home work.
  • #58,531
  • Jan 23, 2009 10:17am Jan 23, 2009 10:17am
eur/gbp is falling,,,
could we short eur/usd for 30 pips?
Vedanta - The End Of Knowledge. ~ J. Krishnamurti ~
  • #58,532
  • Jan 23, 2009 10:37am Jan 23, 2009 10:37am
Other forum someone said:

"i am still annoyed about losing 50% of my accoutn. there was no news or anything so eurusd shouldn't move 30 pips in a few seconds. definite manipulation. i am going to complain to my broker tomorrow."

  • #58,533
  • Jan 23, 2009 10:40am Jan 23, 2009 10:40am
Quoting BoredToLoose
Other forum someone said:

"i am still annoyed about losing 50% of my accoutn. there was no news or anything so eurusd shouldn't move 30 pips in a few seconds. definite manipulation. i am going to complain to my broker tomorrow."

How dare they let it jump like that without at least telling you! These brokers sure have it out to get us...
  • #58,534
  • Jan 23, 2009 10:55am Jan 23, 2009 10:55am
Quoting Aloen
eur/gbp is falling,,,
could we short eur/usd for 30 pips?
Yes, you have my permission for 30pips only, Have a great weekend
Attached Image (click to enlarge)
Click to Enlarge Name: eu 15mins now.gif Size: 16 KB
  • #58,535
  • Jan 23, 2009 11:00am Jan 23, 2009 11:00am
You are a bad boy!!!
  • #58,536
  • Jan 23, 2009 11:04am Jan 23, 2009 11:04am
Quoting BoredToLoose
Other forum someone said:
"i am still annoyed about losing 50% of my accoutn. there was no news or anything so eurusd shouldn't move 30 pips in a few seconds. definite manipulation. i am going to complain to my broker tomorrow."
where did you get that?

I would like to see the threat but I'm afraid I'll get mad
  • #58,537
  • Jan 23, 2009 11:06am Jan 23, 2009 11:06am
Quoting BoredToLoose
Other forum someone said:

"i am still annoyed about losing 50% of my accoutn. there was no news or anything so eurusd shouldn't move 30 pips in a few seconds. definite manipulation. i am going to complain to my broker tomorrow."

classic...love it.
  • #58,538
  • Jan 23, 2009 11:07am Jan 23, 2009 11:07am
Quoting Satni
Yes, you have my permission for 30pips only, Have a great weekend
why eur/usd didn't fall now? where's your permission to short???
ROBOT FOREX
  • #58,539
  • Jan 23, 2009 11:14am Jan 23, 2009 11:14am
Quoting BoredToLoose
Other forum someone said:

"i am still annoyed about losing 50% of my accoutn. there was no news or anything so eurusd shouldn't move 30 pips in a few seconds. definite manipulation. i am going to complain to my broker tomorrow."


This is too funny, I'm done for this week.
Have a nice weekend everybody.
  • #58,540
  • Jan 23, 2009 11:19am Jan 23, 2009 11:19am
Quoting Forbes55
why eur/usd didn't fall now? where's your permission to short???
well, eur/gpd is on weekend mood.
The rope down the well, for eur/usd is already short for this week.
have a great weekend!
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