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  • #66,501
  • Feb 18, 2009 10:40pm Feb 18, 2009 10:40pm
Quoting amar747
In next 24 hours i mean...my time zone is 1.00am tomorrow..


Everything that I see right now indicates it could be longer than 24 hours.
Not all sins are created equal
  • #66,502
  • Feb 18, 2009 10:43pm Feb 18, 2009 10:43pm
Quoting JasonGuillen
It does seem to me, Jay, that most of us are saying a jump up, MAYBE to 700/750, and then dropping again. (Correct me if I'm wrong there.)

Thing is though, I agree with you. IN this market, predicting time is almost silly.
I agree with the run up and a drop down afterward...and I want none of it. If it means that I'm missing pips, then so be it. My order is at 30xx for a reason. Plan a trade and trade a plan.

I'm acutely aware that the vast majority of people reading my posts these days are thinking "what the f@#k is Jay doing?" But I'm comfortable waiting for a long order to be triggered.
Not all sins are created equal
  • #66,503
  • Feb 18, 2009 10:46pm Feb 18, 2009 10:46pm
Thanks for the response.

I completely get what you are doing, I just thought that perhaps you thought there would be no drop, and was curious to hear why. IN this market, waiting for the long term, certain trade really is the professional way to go.

Wish I had learned THAT earlier.
  • #66,504
  • Feb 18, 2009 10:49pm Feb 18, 2009 10:49pm
downtrend resume if it falls below 1.2570.
  • #66,505
  • Feb 18, 2009 10:52pm Feb 18, 2009 10:52pm
Quoting JasonGuillen
Thanks for the response.

I completely get what you are doing, I just thought that perhaps you thought there would be no drop, and was curious to hear why. IN this market, waiting for the long term, certain trade really is the professional way to go.

Wish I had learned THAT earlier.
I've been guilty of that too many times myself. And I decided that I prefer to be doing it my way as it seems to be working better than listening to everybody. Even if it means that I stick out like a sore thumb on this forum.
Not all sins are created equal
  • #66,506
  • Feb 18, 2009 10:52pm Feb 18, 2009 10:52pm
Can anyone tell me if this is a reversal candle. It looks like a inverted hammer + doji or spinning top? It the bear coming to an end?
Attached Image (click to enlarge)
Click to Enlarge Name: 19 feb 09 eurusd.gif Size: 52 KB
Forex Price Action Hacked - Price Action Rockstar
  • #66,507
  • Feb 18, 2009 10:55pm Feb 18, 2009 10:55pm
Quoting amar747
downtrend resume if it falls below 1.2570.
This is where I normally make a nonsensical statement. For example.

"Uptrend will start if it goes above 2300"

No offense Amar, but I'll give you a little tough love. What makes you say that the downtrend will resume if it falls below 1.2570?
Not all sins are created equal
  • #66,508
  • Feb 18, 2009 10:56pm Feb 18, 2009 10:56pm
Quoting sailor6
I just noticed that we are back to the same level than yesterday +- 2 or 3 pips. Similar sort term direction, same questions:next, up or down? Could todays move be a sort of a "Rince"?
OK, sorry for my writing. This is what I mean. Anyone.
Attached Image (click to enlarge)
Click to Enlarge Name: eur.usd 2.17.png Size: 51 KB
  • #66,509
  • Feb 18, 2009 10:57pm Feb 18, 2009 10:57pm
Quoting Jay Walker
You lucky lucky son of a gun!

I've considered doing the same. How is immigration there for foreigners wanting to stay long term?
Immigration is a pain but all are do-able.

1) Marry a filipina and go on vacation to another country for a 24hr period once every 365 days - upon reintery you get a 1 yr visa if traveling with your wife (my preferred method)

2) Marry a filipina and apply for residency status (more trouble than method 1 but less expensive over a 5 yr period)

3) Pay an immigration officer to extend your visa (amounts depend on the immigration officer and your ability to negotiate)

The living here is really good once you learn that you are the visitor and not the other way around. I bought my house here in 2004 and vacationed until last year when I retired.
  • #66,510
  • Feb 18, 2009 11:02pm Feb 18, 2009 11:02pm
OK, came in to check stuff and make some nachos... saw this setup on the 20m chart, compared it to the 5m chart on the THV system I'm playing with (I'm such a noob on that) and said to myself...

"Self, price has spent two 20m bars trying to get to 2591 (shaded bar wicks) and then two 20m bars to get 3 pips higher above 2594 (white circle) and no joy... are you gonna trade it or what?"

Short again from 2588, half off at 78 for 10, and an 8 pip SL on the remainder. It's a free trade now. Back to John Rambo kickin some bohiney...
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FUBAR...
  • #66,511
  • Feb 18, 2009 11:02pm Feb 18, 2009 11:02pm
up in the mountains i hope..
those who can, do. those who cant, talk about those who can
  • #66,512
  • Feb 18, 2009 11:03pm Feb 18, 2009 11:03pm
Quoting dysan4x
Immigration is a pain but all are do-able.

1) Marry a filipina and go on vacation to another country for a 24hr period once every 365 days - upon reintery you get a 1 yr visa if traveling with your wife (my preferred method)

2) Marry a filipina and apply for residency status (more trouble than method 1 but less expensive over a 5 yr period)

3) Pay an immigration officer to extend your visa (amounts depend on the immigration officer and your ability to negotiate)

The living here is really good once you learn that you are the visitor and not the...
All nice options but I'm already married so that option is out (and no, I can't talk my wife into it )

Option 3?
Not all sins are created equal
  • #66,513
  • Feb 18, 2009 11:05pm Feb 18, 2009 11:05pm
Surely if you make enough trading yer wife could be convinced.....
  • #66,514
  • Feb 18, 2009 11:07pm Feb 18, 2009 11:07pm
Quoting Jay Walker
This is where I normally make a nonsensical statement. For example.

"Uptrend will start if it goes above 2300"

No offense Amar, but I'll give you a little tough love. What makes you say that the downtrend will resume if it falls below 1.2570?

well, its based on 15M chart where there are few attempts to break the 1.2570 downsouth but it has not. Even on opening of todays price, it fails to break that area. So if it manages to break then my analysis, it will be south bound.

Just my own analysis.
  • #66,515
  • Feb 18, 2009 11:09pm Feb 18, 2009 11:09pm
Quoting JasonGuillen
Surely if you make enough trading yer wife could be convinced.....
Well if she says yes, I'll have to be concerned. Really concerned. I don't want to end up like that Bobbitt-no-bit-to-frankenbit fellow.
Not all sins are created equal
  • #66,516
  • Feb 18, 2009 11:09pm Feb 18, 2009 11:09pm
Quoting Jay Walker
All nice options but I'm already married so that option is out (and no, I can't talk my wife into it )

Option 3?
try adoption...
those who can, do. those who cant, talk about those who can
  • #66,517
  • Feb 18, 2009 11:10pm Feb 18, 2009 11:10pm
Quoting amar747
well, its based on 15M chart where there are few attempts to break the 1.2570 downsouth but it has not. Even on opening of todays price, it fails to break that area. So if it manages to break then my analysis, it will be south bound.

Just my own analysis.
i see your point amar,
thanks.

pop
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  • #66,518
  • Feb 18, 2009 11:11pm Feb 18, 2009 11:11pm
Quoting amar747
well, its based on 15M chart where there are few attempts to break the 1.2570 downsouth but it has not. Even on opening of todays price, it fails to break that area. So if it manages to break then my analysis, it will be south bound.

Just my own analysis.
Fair enough Amar!

Trade Happy
Not all sins are created equal
  • #66,519
  • Feb 18, 2009 11:11pm Feb 18, 2009 11:11pm
see if he will adopt you....tell your almost weaned off the breast... and mostly potty trained..
those who can, do. those who cant, talk about those who can
  • #66,520
  • Feb 18, 2009 11:12pm Feb 18, 2009 11:12pm
Quoting gatorinla
try adoption...
Great idea Gator. It worked for Woody Allen!

Hmmm..."Honey, can we adopt this 19 year old please? I promise I'll feed her and f@#k her every day!"
Not all sins are created equal
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