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  • #70,401
  • Mar 2, 2009 7:10pm Mar 2, 2009 7:10pm
no master here.. i just stay on the edge of the trend and trade with it.. sitting there so long it wants to move.. when europe figures out they got 24 trillion in bad assets they will nudge us down..i posted my entrys for myself long ago maybe 16 hours ago.. nothing has changed.. i miss the boat i miss it... im in no hurry to lose...i got all day to enter on my terms..
those who can, do. those who cant, talk about those who can
  • #70,402
  • Mar 2, 2009 7:12pm Mar 2, 2009 7:12pm
MY main indicator is on 5M 288SMA, which is a 24hour SMA basically, it popped over this twice today and reversed sub 10pips each time.

Currently this is @1.2582.

My system dictates going long on a confirmed move over this, but it'll likely happen while I'm asleep

Until then trend is still down!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #70,403
  • Mar 2, 2009 7:39pm Mar 2, 2009 7:39pm
If this M30 do not close below 1.2567 we are going to test Yesterday high!
We must see next 3 m30 candles red if we want to see below 1.2540 before Berlin open.
  • #70,404
  • Mar 2, 2009 7:40pm Mar 2, 2009 7:40pm
Tested my 1.2582 perfectly, looking for a cheaper entry to go long on here.

Reasons :-

IF taken out odds are good we'll move back to highs of range ie 1.3000 quickly.
Inside day yesterday, which smells of accumulation to me.

Long 1.2572, lets see if my system holds true!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #70,405
  • Mar 2, 2009 7:42pm Mar 2, 2009 7:42pm
Would not recommended going long unless we are above 126.40.
  • #70,406
  • Mar 2, 2009 7:53pm Mar 2, 2009 7:53pm
my 24hour SMA back tests very well, above a fraction here, getting some buying action finally going to be brave and leave this 1 on over night.


Done in demo with huge success many a time, live with only huge failures so far, only explanation is, we are in the MATRIX ( the over night part )
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #70,407
  • Edited 8:03pm Mar 2, 2009 7:55pm | Edited 8:03pm
finally the idiot is right about something

http://www.cnbc.com/id/29468599
  • #70,408
  • Mar 2, 2009 8:03pm Mar 2, 2009 8:03pm
Quoting Turveyd
Tested my 1.2582 perfectly, looking for a cheaper entry to go long on here.

Reasons :-

IF taken out odds are good we'll move back to highs of range ie 1.3000 quickly.
Inside day yesterday, which smells of accumulation to me.

Long 1.2572, lets see if my system holds true!!
Not quite. No inside day unless you separate Monday trading in the Asia/Pacific from Monday in EUZone and Americas. So I wouldn't put much faith in it IMO.
  • #70,409
  • Mar 2, 2009 8:06pm Mar 2, 2009 8:06pm
Quoting arthurb
finally the idiot is right about something

http://www.youtube.com/watch?v=go6w_7HGyT0

http://www.cnbc.com/id/29468599

These bills are great, there keeping capatilism alive on false hopes, 900Bil to keep capitalism alive and kicking for maybe 2 weeks extra bargain.

The effects of these cash injections where minimal at best and there effect is reducing the more it's done as there is no confidence in it.

Sadly, there not going to give up on a way of life, no matter how stupid and futile it is trying.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #70,410
  • Mar 2, 2009 8:09pm Mar 2, 2009 8:09pm
Quoting SunTrader
Not quite. No inside day unless you separate Monday trading in the Asia/Pacific from Monday in EUZone and Americas. So I wouldn't put much faith in it IMO.

Okay tight ranged day.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #70,411
  • Mar 2, 2009 8:15pm Mar 2, 2009 8:15pm
Quoting Turveyd
Okay tight ranged day.
Actually there is such a thing as NR4 and NR7 or narrowest range of the last 4 bars (days) and narrowest of last 7 which Monday was of course.

IMO still don't think we are headed back up anytime soon to 1.30 unless there is a big reaction later in the week to whatever the rate announcement turns out to be.
  • #70,412
  • Mar 2, 2009 8:17pm Mar 2, 2009 8:17pm
Quoting MackS10
Potential breakout here. Keep a stop in place just in case you play this as there is a good chance to see price move higher from here.
I agree the risk is higher right this moment for a break north, but price action on this latest rise is soft.
  • #70,413
  • Mar 2, 2009 8:18pm Mar 2, 2009 8:18pm
Quoting Turveyd
my 24hour SMA back tests very well, above a fraction here, getting some buying action finally going to be brave and leave this 1 on over night.


Done in demo with huge success many a time, live with only huge failures so far, only explanation is, we are in the MATRIX ( the over night part )
you've been a member of FF for over 2 years and haven't figured out backtesting is worthless?

what the markets did today tell you almost absolutely nothing about what they will do tomorrow.
  • #70,414
  • Mar 2, 2009 8:22pm Mar 2, 2009 8:22pm
Reverse head and shoulders complete was good for a 20pip scalp.
  • #70,415
  • Mar 2, 2009 8:24pm Mar 2, 2009 8:24pm
Brilliance that Forex Factory is full of!!

"And the house always wins", unless of course the house happens to be Bear Stearns, Lehman Brothers - before them Drexel, Burnham etc.
  • #70,416
  • Mar 2, 2009 8:26pm Mar 2, 2009 8:26pm
Quoting dengzhi
you've been a member of FF for over 2 years and haven't figured out backtesting is worthless?

what the markets did today tell you almost absolutely nothing about what they will do tomorrow.
It continually tests out well live and back best chance of sucess I've seen, Perfect NO ofcourse not, been trading for @9years in total but I normally only make stupid trades against this logic hence my lack of millions
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #70,417
  • Mar 2, 2009 8:26pm Mar 2, 2009 8:26pm
Tomorrow is going to be a fun filled fundy day tomorrow. Big wigs from US and EUR speak along with home sales and auto sales.


Lots of volatility to come, last time I checked we're still in the shitter. Top that with what the market did today and there's a good chance of hitting new lows.
  • #70,418
  • Mar 2, 2009 8:37pm Mar 2, 2009 8:37pm
if it manage to stay in the current ranging condition before the german market opens I'm pretty sure it will go north closing the gap before doing anything further.

Just my opinion.
Gambling with PA
  • #70,419
  • Mar 2, 2009 8:42pm Mar 2, 2009 8:42pm
OKay wussed it, 2 reasons :-

1. Conditions do worry me, better to regret than take a loss.
2. I'll never get any sleep or get to work in the morning with a live trade on


Night all, Good pips to you.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #70,420
  • Mar 2, 2009 8:44pm Mar 2, 2009 8:44pm
I'm pretty sure prices will be flying down soon.
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