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  • #68,781
  • Feb 24, 2009 7:08pm Feb 24, 2009 7:08pm
Until we start making higher highs and higher lows I will remain bearish:

Also, I picked my short target based on a cross of the top of my down channel with a 61.8 fib but as time moves to the right my potential reversal target moves lower.

I forgot to add that the blue trend line is my reference point for a possible uptrend reversal point. If price remains above this line and continues to find resistance here I go back to a neutral stance and will wait for the market to pick a direction.
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  • #68,782
  • Feb 24, 2009 7:09pm Feb 24, 2009 7:09pm
Quoting Jay Walker
LOL! Which post?
Sixty eight thousand, seven hundred and fifty five...

Did you know that there are 2 more people in that picture?
Traders are smartasses
  • #68,783
  • Feb 24, 2009 7:16pm Feb 24, 2009 7:16pm
Quoting GrnEydGuy
Until we start making higher highs and higher lows I will remain bearish:

Also, I picked my short target based on a cross of the top of my down channel with a 61.8 fib but as time moves to the right my potential reversal target moves lower.
on a larger trend line below 4200 is bearish.. im bearish untill this thing says im wrong..but it dont hurt to have other options..if we were all so sure we would not use a sl..
those who can, do. those who cant, talk about those who can
  • #68,784
  • Feb 24, 2009 7:18pm Feb 24, 2009 7:18pm
Quoting dswk
<<on 18 Feb 2009>>
long. 1.2593.
I do not believe this down trend no more.
Quoting dswk
<<on 25 Feb 2009>>
Down we go... my objectives are 1.19/1.18 (yes...)
mark and remember this post...
Marked your posts. Out of sudden, why are you so bearish ?
  • #68,785
  • Feb 24, 2009 7:18pm Feb 24, 2009 7:18pm
Quoting GrnEydGuy
Until we start making higher highs and higher lows I will remain bearish:

Also, I picked my short target based on a cross of the top of my down channel with a 61.8 fib but as time moves to the right my potential reversal target moves lower.

I forgot to add that the blue trend line is my reference point for a possible uptrend reversal point. If price remains above this line and continues to find resistance here I go back to a neutral stance and will wait for the market to pick a direction.

if I am not mistaken that is hidden devergence ..means trend will continue
higher lows (on chrat) and lower lows (on stoch)
If you need something important don't hesitate to ask someone else.....
  • #68,786
  • Feb 24, 2009 7:19pm Feb 24, 2009 7:19pm
Quoting arthurb
i see you are an arrogant SOB, of the types i don't like.

and i am bearish this pair, ok

i please, all other respected folks, to forgive me for this
I suppose you expected the Bears to be polite...
"Hello and welcome to the 'Down Escalator' Please keep your hands and arms inside the boundaries..."
as opposed to...
...I've been in the company of Massive Bears. My only advice would be to avoid them.

Hold on to your gonads. These are battles ahead that could redifine your life.
Hey Jay. Help me out if I posted a reply to an old post.
I just can't keep up with the thread.
  • #68,787
  • Feb 24, 2009 7:22pm Feb 24, 2009 7:22pm
a test of 1.3 in sight perhaps?
  • #68,788
  • Feb 24, 2009 7:23pm Feb 24, 2009 7:23pm
Hi,

Just check my chart, no topping/stalling signal spotted yet.. will post once seen. Happy pipping and GBU....
  • #68,789
  • Feb 24, 2009 7:24pm Feb 24, 2009 7:24pm
Quoting Bemac
Hey Jay. Help me out if I posted a reply to an old post. I just can't keep up with the thread.
You're doing a fine job of it buddy
Not all sins are created equal
  • #68,790
  • Feb 24, 2009 7:25pm Feb 24, 2009 7:25pm
Quoting jacko
Hi bgin2end

A friend of mine is an ex-broker and manager of large teams of brokers....He tells me that he has never seen a scalper last more than 12 months as a full-time trader...the pressure is too intense, you tend to overtrade and you very quickly stop seeing the forest for the trees and start jumping in and out of long and short trades with no strategy...in other words, you start "gambling".

You then also tend to start trading smaller and smaller time frames. Then you simply get blown away by the market.

.
Jacko
Good advice. I am done with scalping
  • #68,791
  • Feb 24, 2009 7:26pm Feb 24, 2009 7:26pm
Waiting for the Obama spike...then I'll sell...prob around 2950.
  • #68,792
  • Feb 24, 2009 7:27pm Feb 24, 2009 7:27pm
Quoting gatorinla
on a larger trend line below 4200 is bearish.. im bearish untill this thing says im wrong..but it dont hurt to have other options..if we were all so sure we would not use a sl..


Absolutely agree with ya !
  • #68,793
  • Feb 24, 2009 7:27pm Feb 24, 2009 7:27pm
Quoting trading801
a test of 1.3 in sight perhaps?
I don't think it'll get that high...but if it does, I'll be there to sell it.
  • #68,794
  • Feb 24, 2009 7:30pm Feb 24, 2009 7:30pm
Quoting bgin2end
Waiting for the Obama spike...then I'll sell...prob around 2950.
if it gets that high not much stopping it to go to 2992... if is a big word..most of the time "if" is used in false hope.. but if it gets there i will keep it company..
those who can, do. those who cant, talk about those who can
  • #68,795
  • Feb 24, 2009 7:32pm Feb 24, 2009 7:32pm
Quoting gatorinla
if is a big word..most of the time "if" is used in false hope.. but if it gets there i will keep it company..
Perfect...FOREX is the father of false hope.
  • #68,796
  • Feb 24, 2009 7:35pm Feb 24, 2009 7:35pm
for those who think im slightly nut.. thanks... but for those who think im crazy nuts will not let me date your grandmother.. the proffs in the pudding.
things to come... never hit the tip yet..

[JAPAN] exports plunged by a record -45.7% y/y in Jan while imports fell by -31.7% y/y. This brings trade deficit to a record -952.6 bln yen (-1.12 tln yen f/c) and wider than the previous record deficit of 824.8 bln yen in Jan 1980. Exports to the US plunged by -52.9% y/y vs -36.9% y/y in Dec while exports to Asia dived by -46.7% y/y or fourth straight month of decline. Given the massive decline in global demand, exports are expected to remain weak in the months ahead.

get a mule
those who can, do. those who cant, talk about those who can
  • #68,797
  • Feb 24, 2009 7:37pm Feb 24, 2009 7:37pm
Quoting bgin2end
Perfect...FOREX is the father of false hope.
and im the muther
those who can, do. those who cant, talk about those who can
  • #68,798
  • Feb 24, 2009 7:38pm Feb 24, 2009 7:38pm
Great to see your confidence growing. How about your account?
  • #68,799
  • Feb 24, 2009 7:42pm Feb 24, 2009 7:42pm
Quoting gatorinla
and im the muther
haha - thanks for the mental image...

BTW I think you're nuts...but I could use a roommate in the funny farm.

Price looks like a wind up toy on the lower TF's (15 & 30)...I think we are seeing a lot of indecision in the run up to tonight's speech - we also have room to run on the upside to about 2950 - 3000 in the bearish channel...
  • #68,800
  • Edited 8:06pm Feb 24, 2009 7:51pm | Edited 8:06pm
pips are harder to come by then they were 3 weeks back.. but ended the week up around 300 last week.. on closed trades this week up about (picked up 125 on sunday $ strength from fri shorts before 4 pm central) 200....and still got the gy last i checked up 900.. i will admit its getting harder..not like last summer through jan...and you?
those who can, do. those who cant, talk about those who can
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