Good Trading.
(keep it simple).
- #58,962
- Jan 26, 2009 8:38am Jan 26, 2009 8:38am
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
those who can, do. those who cant, talk about those who can
- #58,965
- Jan 26, 2009 8:42am Jan 26, 2009 8:42am
- Joined Jan 2008 | Status: Inertial Member | 2,297 Posts
- #58,966
- Jan 26, 2009 8:42am Jan 26, 2009 8:42am
- Joined Apr 2007 | Status: Evil Kraut | 2,559 Posts
Just look at the charts, nothing else matters. A good chart technical says it all http://www.chart-workshop.de,
Supply and demand of course. And those things are mainly fundamental driven - at least in the long run...
- #58,967
- Jan 26, 2009 8:47am Jan 26, 2009 8:47am
That's funny. How do you think are those charts build up?
Life is a party!!! will you seat or will you dance? 
- #58,970
- Jan 26, 2009 8:50am Jan 26, 2009 8:50am
- Joined Apr 2007 | Status: Evil Kraut | 2,559 Posts
So we must be aware of both fundamentals and the price in our charts
- #58,971
- Jan 26, 2009 8:51am Jan 26, 2009 8:51am
- | Joined Aug 2007 | Status: Say what ? | 1,888 Posts
As it stands today, If we close at 130 the figure, Tuesday's daily pivot will be @ 130.
There are standing orders at 130. Market goes where the orders are.
We're going to 130. I like 130. My neighbor likes 130. His dog likes 130.
This total stranger I just passed on the sidewalk likes 130.
Maybe 132 ?
Actually, I really don't know. Let's let the market tell the truth. I'll obey whatever she says.
Got to admit, though.....it's good reasoning if the dog likes 130...then...hey...
There are standing orders at 130. Market goes where the orders are.
We're going to 130. I like 130. My neighbor likes 130. His dog likes 130.
This total stranger I just passed on the sidewalk likes 130.
Maybe 132 ?
Actually, I really don't know. Let's let the market tell the truth. I'll obey whatever she says.
Got to admit, though.....it's good reasoning if the dog likes 130...then...hey...
- #58,972
- Jan 26, 2009 8:52am Jan 26, 2009 8:52am
ok... ok...
What I meant by that statement was that if china starts dump bonds ect... then that may start other countries to do it.. we are already seeing decreased appetite for them... If that is the case.. then not only will our (US) defifcit be insustainable because no one will buy the debt.. but then the bonds will be worth less and less.. which with countries holding trillions of dollars of debt.... that will become worthless.. once the signs are there.. they will panic and try to get rid of them quickly.. causing a a complete financial collapse of the US economic system....
I can look at a chart and see the technicals....
What I meant by that statement was that if china starts dump bonds ect... then that may start other countries to do it.. we are already seeing decreased appetite for them... If that is the case.. then not only will our (US) defifcit be insustainable because no one will buy the debt.. but then the bonds will be worth less and less.. which with countries holding trillions of dollars of debt.... that will become worthless.. once the signs are there.. they will panic and try to get rid of them quickly.. causing a a complete financial collapse of the US economic system....
I can look at a chart and see the technicals....
Just look at the charts, nothing else matters. A good chart technical says it all http://www.chart-workshop.de,
DireXiv
Make it happen, no one
else is going to do it for you...
- #58,976
- Jan 26, 2009 8:59am Jan 26, 2009 8:59am
who knows what'll happen then... I think argentina comes to mind.. hopefully by then I'llb e out of the country or in a self sustaining cabin in the woods by then 
So then they will have to forgive us of our debt just like we did Brazil back in the 70's, 60's whenever it was...Right?
Wow, that dated me didn't it?
DireXiv
Make it happen, no one
else is going to do it for you...
- #58,978
- Jan 26, 2009 9:03am Jan 26, 2009 9:03am
So we must be aware of both fundamentals and the price in our charts
!!You can't predict what kind of fundamentals the big sharks are watching. Sometimes everybody is concentrating on interest rates and the big boys are watching oil. Another time everybody is watching the crisis in the middle east and the big boys are scared of China.
There was a time when I was going almost nutz trying to watch CNBC, Bloomberg, and 3 kinds of news feed at the same time, and my trades at that time went from bad to worse.
Today I just look at the headlines at the end of the day, fundamentals make up like 5 to 10 percent of my trades and guess what??? I became a completlly different, and consistently profitable, trader
For he that would be deceived, let him.
- #58,979
- Jan 26, 2009 9:05am Jan 26, 2009 9:05am
Because the longer trend is still down and most probably eu going up is because of the news coming out soon only but eventually it will go down.
But maybe i will be wrong
I do want to short though,but standing on the sideline still.
