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  • #67,341
  • Feb 20, 2009 1:21pm Feb 20, 2009 1:21pm
If the market decides to push above the intraday high, and we close there, next week will be wild.
  • #67,342
  • Feb 20, 2009 1:22pm Feb 20, 2009 1:22pm
Quoting lloydblankfe
Criticize them as you like
They said oil could reach 200 last summer.

Original predicitons were 143 for oil and eurusd to reach 1.53 not far off.
Predicted an up to 50 percent slide in equity markets while European banks claimed there would be a rally in second half of year. Made billions from betting against subprime and collapse of Lehman through Credit Default Swaps. Claimed eastern european currencies would slide into new year they were not wrong. If there is on bank who has a strong balance sheet its Goldman Sachs. Leveraged 12:1 reduced...
and when it reaches it they called 200 ... pretty far off.. only cause they owned oil.. and still have storage tanks full of it they own...in jersey... a bubble created by them.. screwing all of us.. to put us here.. were we are today...
those who can, do. those who cant, talk about those who can
  • #67,343
  • Feb 20, 2009 1:23pm Feb 20, 2009 1:23pm
Quoting yanick2nick
does anybody see it going to 30 or 31 before close?
Probably not, but 1.3250 should be easily achieved next week. The 4h chart and daily are extremely bullish right now. MACD is turning up on both and is in alignment with a north-bound Stochastics.

The downtrend that started on 2/9/09 had a perfect trend-ling that has followed it down. We tested it with the last run up two nights ago, came down to consolidate and crushed through it today. This move was the least bit surprising to any quiet, patiently waiting bulls.

Anyone that is saying this is just a "bear rally" needs to get out of denial and most likely their position. Anyone telling you to short right now should be placed on your ignore list. I'm not saying go long (although I am long), I am simply saying you should take a real unbiased look at the charts. This thing has been simmering for this type of move for a good while.

It's just the beginning. I will update my blog for those of you who read this weekend. I made a large mistake and have been in hiding all week. Long story short, I was premature in my longs and I was under water all week. But I am happily treading water now with my head well above the surface.
  • #67,344
  • Feb 20, 2009 1:27pm Feb 20, 2009 1:27pm
minimized loss from 500 to 87 so far.
  • #67,345
  • Feb 20, 2009 1:29pm Feb 20, 2009 1:29pm
this is my chart..

it seems like there is a couple destination that not visit yet by this EU Express Train.. lets se where the train will stop and just back to where it come or just pass away..
better not let trade open during week end..

http://img27.imageshack.us/img27/9074/eutodaynq6.jpg
  • #67,346
  • Feb 20, 2009 1:38pm Feb 20, 2009 1:38pm
Quoting Eclipse
just a freaky friday?

http://www.forexcrunch.com/dollar-na...r-the-weekend/
Dude, what part of "Historic Proportions" did you not get?

And your explanation for all this is an after the fact Blog Post? Yeah, that's an improvement....

"Historic Proportions" sort of assumes that one would take a little wider view of things and think for a couple seconds of what might be making it historic... Very little of what is happening today is "real" news. Most of it has been predicted and discussed on these forums for weeks and months... all that was lacking was the time and names of the perpatrators.

I stand by my post, you're free to stand by your blog thingy...
FUBAR...
  • #67,347
  • Feb 20, 2009 1:38pm Feb 20, 2009 1:38pm
Quoting ak4x
250 people logged into this thread right now, 150 of them unregistered, everybody going "OMG... What's going on?? What do I do now??"


One word.... Freaky Freaking Friday of Historic Proportions.

Raise your hand if you thought it would be normal. Raise your other hand if you think anyone here has the the answers.

Good. Now that you've got both hands raised in the air, "Give us all your money!"

Bemac hands over all his money to AK & quitely [under his breath] says to himself...
"Yeah. Sure it's Friday, but it's the 3rd Friday of the Month. That makes it Not A Regular Friday."

bemac strips AK's gun into 10 pieces with one deft move of his lowered hand & asks...

"WyTF do you think I wasn't around much today AND up so late last night?"

Google third friday. There's a lot to put in your cargo...

Cheers AK. One 18 year Old Single on the bar for you over @ you know where.
  • #67,348
  • Feb 20, 2009 1:41pm Feb 20, 2009 1:41pm
Quoting m3trail
minimized loss from 500 to 87 so far.
same here -72. like you said SO FAR
  • #67,349
  • Feb 20, 2009 1:45pm Feb 20, 2009 1:45pm
1 - You will lose money trading forex, important it is to won more than you lose!!
2 - Set always SL, try to define a good breakout level and close it there if crosses!!
3 - MM, it is all about MM, never cross 3% or 1.5% for newbies!!

Who today did not follow this rules, lost lot of money!!!

Who follow my posts already know my view, right now my view it is in standby.
I need to see more PA, to try find out if this will go up until where.
Trend is DOWN!! SHORT THE RISES and this is a good one!!!!

I can confess that I was too much confident today that we could see below 1.2500, I had several PF on the way down and opened several short trades.
My first target to start close some of them was 1.2555, it stopped few pips above. How little ingenium I was not to see this break out sooner than my SL level at 1.2677.
Learning every day!!!

About my last post advising to be aware of strong volatility and to be prepared for big moves, it was not my Crystal ball talking, I do not have one.
Sorry not to share how can I preview this kind of moves with some anticipation. I did not knew the direction, only the Timing.

Nice weekend to all!!!
  • #67,350
  • Feb 20, 2009 1:45pm Feb 20, 2009 1:45pm
Well, I'm confident enough that we are now moving into an uptrend that I'm selling some March 1.2400 Puts... anyone want some? I'll be glad to write 'em up for ya...
  • #67,351
  • Feb 20, 2009 1:50pm Feb 20, 2009 1:50pm
Quoting BoredToLoose

I can confess that I was too much confident today that we could see below 1.2500, I had several PF on the way down and opened several short trades.
My first target to start close some of them was 1.2555, it stopped few pips above. How ingenious I was not to see this break out sooner than my SL level at 1.2677.
Learning every day!!!

Nice weekend to all!!!
truth nobody saw it coming. i had this kind of day during one speech of alan greenspan. before he started raising interest rate.
  • #67,352
  • Feb 20, 2009 1:55pm Feb 20, 2009 1:55pm
Quoting ak4x
Dude, what part of "Historic Proportions" did you not get?

And your explanation for all this is an after the fact Blog Post? Yeah, that's an improvement....

"Historic Proportions" sort of assumes that one would take a little wider view of things and think for a couple seconds of what might be making it historic... Very little of what is happening today is "real" news. Most of it has been predicted and discussed on these forums for weeks and months... all that was lacking was the time and names of the perpatrators.

I stand by my post,...
i agree...

bingo... im still taking pips and running all the way to the bank.. we may have weeks or months of this range... just got let it do whats gonna do.. none of us have been here before.. i would love to say its gonna go in one direction..long term and would have a 50/50 chance of being right..im bullish dollar at heart and past demo history... but that oct/nov isnt broken... usd index not indicating direction (waiting for peaks to see direction) ...the eu could double bottom and head north... then the w thing started late last year... im not smart enough to know long term what gonna happen... and smart enough to know im not... neither is goldmen since top execs have gotton margin calls..
those who can, do. those who cant, talk about those who can
  • #67,353
  • Feb 20, 2009 1:57pm Feb 20, 2009 1:57pm
Traders are buying as if there will not be any Euro available on Monday any more.

But I don't believe this.
/ ... clarifying decisions ... /
  • #67,354
  • Feb 20, 2009 1:58pm Feb 20, 2009 1:58pm
Quoting Bemac
Bemac hands over all his money to AK & quitely [under his breath] says to himself...
"Yeah. Sure it's Friday, but it's the 3rd Friday of the Month. That makes it Not A Regular Friday."
http://ny-image0.etsy.com/il_430xN.20788268.jpg
Traders are smartasses
  • #67,355
  • Feb 20, 2009 1:59pm Feb 20, 2009 1:59pm
Quoting m3trail
truth nobody saw it coming. i had this kind of day during one speech of alan greenspan. before he started raising interest rate.
i went long..cause that trendline is strong.. and its unlikely to just bulldoze it..easily
those who can, do. those who cant, talk about those who can
  • #67,356
  • Feb 20, 2009 2:05pm Feb 20, 2009 2:05pm
We might see a R3 retest before the close imo.
  • #67,357
  • Feb 20, 2009 2:06pm Feb 20, 2009 2:06pm
Quoting Bemac
"WyTF do you think I wasn't around much today AND up so late last night?"

Google third friday...

Cheers AK. One 18 year Old Single on the bar for you over @ you know where.
To the First: When you're not a'rd I figure you're Plundering someone's Pip Pile, and it could easily be mine...

To the Second: You mentioned the Friday thing back in October sometime and altho i was peripherally aware of it then, I took the opportunity to research it further at that time. You probably have less of my pips now as a Result.. (But I'll never be sure about that...)

To the Third: I do know where...
FUBAR...
  • #67,358
  • Feb 20, 2009 2:09pm Feb 20, 2009 2:09pm
Quoting bgin2end
I love how this board JUMPS to life when there is some huge price movement...

everyone is trying to see what everyone is doing about the unexpected movement. FOREX IS ALWAYS UNEXPECTED!!!
Options expiry

NEW YORK -- U.S. stocks pared losses on Friday as investors shifted positions as options lapsed and gold futures surged past the $1,000-mark. "I have no fundamental reason [for the market move] other than it would be 100% options-related. [And,] given the uncertainty with corporate earnings, gold is one area investors should be looking at to hedge themselves against the perception that the dollar decline is somewhere on the horizon," said Dan Greenhaus, an analyst with Miller Tabak. Down about 130 points earlier on, the Dow Jones Industrial Average was lately off 94.62 points at 7,371.33. The S&P 500 fell 9.28 points to 769.66, and the Nasdaq Composite shed 6.11 points to 1,436.71.
  • #67,359
  • Feb 20, 2009 2:13pm Feb 20, 2009 2:13pm
Quoting gatorinla
i agree...

bingo... im still taking pips and running all the way to the bank.. we may have weeks or months of this range... just got let it do whats gonna do.. none of us have been here before.. i would love to say its gonna go in one direction..long term and would have a 50/50 chance of being right..im bullish dollar at heart and past demo history... but that oct/nov isnt broken... usd index not indicating direction (waiting for peaks to see direction) ...the eu could double bottom and head north... then the w thing started late last year......
Goldman Sachs is probably the best run bank of the planet. Except for central banks. There is too much talk of margin calls in America if American banks gave out margin calls to the European ones they lent money too then Europe is bankrupt. I cannot understand how European banks are well capitalized.
  • #67,360
  • Feb 20, 2009 2:15pm Feb 20, 2009 2:15pm
Quoting m3trail
truth nobody saw it coming. i had this kind of day during one speech of alan greenspan. before he started raising interest rate.
??????????????????????????????
Technically all lower timframes (below 4h) were up and there was no selling of Euros during London sesson the whole week. All the selling was done during Tokyio and NY sessions.
/ ... clarifying decisions ... /
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