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  • #72,761
  • Mar 8, 2009 6:27pm Mar 8, 2009 6:27pm
I wonder if anyone has a spike like this one. It went up to 1.2759 then down to 1.2678 in 2 minutes. It doesn't like normal. Anyone has an explanation?
Thanks.
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  • #72,762
  • Mar 8, 2009 6:27pm Mar 8, 2009 6:27pm
Quoting Jay Walker
It's on the internet so it must be true
In my mind, that's the ultimate truth test.
  • #72,763
  • Mar 8, 2009 6:29pm Mar 8, 2009 6:29pm
I will be looking for shorts at the moment. History suggests that price will move back to pivot more often than not before the Euro session starts, before making its move to whichever direction.

Also, even if it decides to go long, it should make a move to close the gap first.

Went short at 1.2709, with a tight stop loss, in case anything extraordinary happens, and market decides to push it sky high, which is pretty unlikely.
  • #72,764
  • Mar 8, 2009 6:31pm Mar 8, 2009 6:31pm
Quoting gammase1
so Bush had nothing to do with the current terrible state of public finances in the US, when he seemed to think he had a bottomless bag of money to spend on his neo-con idealogue solutions to foreign affairs?

wasn't it record surplus to record deficit in 8 years?
Sorry Gammase, but I don't have any intention of debating internal politics with a guy who had a sickle and hammer in his avatar last week and told me that the US has failed.
  • #72,765
  • Mar 8, 2009 6:33pm Mar 8, 2009 6:33pm
Sickle and Hammer?

http://americayouaskedforit.files.wo...ericaflag1.jpg
Not all sins are created equal
  • #72,766
  • Mar 8, 2009 6:34pm Mar 8, 2009 6:34pm
I seriously think that I should get cash for calling my plays. When I get out of a successful trade you guys send me a few bucks and I'll let you know, then you can immediately buy in and make a boat load.

I'm still not bitter though...a positive is still a positive
  • #72,767
  • Mar 8, 2009 6:37pm Mar 8, 2009 6:37pm
Quoting Doniboy
Sorry Gammase, but I don't have any intention of debating internal politics with a guy who had a sickle and hammer in his avatar last week and told me that the US has failed.
Sickle and hammer? It was an ironic statement, in response to the raging debate on the creeping nationalisations and increasing state interventions, both in the UK and the US. Also, how could a full-time trader/investor reconcile such a political idealogue with their career choice? You don't have to answer that one, as it's a rhetorical question only. But think about the contradiction before jumping to conclusions.

With regards to the US failing, which is not actually what I said, but even so, have you heard of devil's advocate? Well, it's a useful tool in exposing weak arguments and it sometimes works very effectively, as you know. And I am not looking for a debate with you.

Good luck, sir.
  • #72,768
  • Mar 8, 2009 6:39pm Mar 8, 2009 6:39pm
Quoting Jay Walker
Sickle and Hammer?

http://americayouaskedforit.files.wo...ericaflag1.jpg
see what Obama's done now!??!?!? now can anyone doubt his commie streak?
  • #72,769
  • Mar 8, 2009 6:40pm Mar 8, 2009 6:40pm
Quoting Doniboy
I seriously think that I should get cash for calling my plays. When I get out of a successful trade you guys send me a few bucks and I'll let you know, then you can immediately buy in and make a boat load.

I'm still not bitter though...a positive is still a positive
Don't worry it'll come back down again
New voice message: Why are you calling me? If I need you, I'll call you!
  • #72,770
  • Mar 8, 2009 6:42pm Mar 8, 2009 6:42pm
Quoting gammase1
see what Obama's done now!??!?!? now can anyone doubt his commie streak?
There are no missing stars on it. The so called "missing" stars are ones that have been taken over by the Chinese in lieu of payment default.
Not all sins are created equal
  • #72,771
  • Mar 8, 2009 6:43pm Mar 8, 2009 6:43pm
Quoting Jay Walker
There are no missing stars on it. The so called "missing" stars are ones that have been taken over by the Chinese in lieu of payment default.
they're cunning, those Chinese!
  • #72,772
  • Mar 8, 2009 7:00pm Mar 8, 2009 7:00pm
Daily view.
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  • #72,773
  • Mar 8, 2009 7:01pm Mar 8, 2009 7:01pm
Quoting dstryr
lol so much for no shorts for you ;P. 2665 is crucial yup
For a Daily Trader, no problem to short last Friday, but for a trader like me, no.

That's the difference between to have trades for one day or several.

If price do not go above last Friday high before today's open I lost, if go I win.

Even if you short last Friday high, now price is around 40 pips distance, from my entry is already 80 pips, because I have several longs, average price.

  • #72,774
  • Mar 8, 2009 7:07pm Mar 8, 2009 7:07pm
Quoting dysan4x
Ribbit....what city are you in?
im in kawit, cavite. just a few miles south of manila.

@shamu: thanks for the tips regarding the gaps. happy trading!
  • #72,775
  • Mar 8, 2009 7:11pm Mar 8, 2009 7:11pm
Almost time to start building short position. Double top 1.2754 most likely underway.

Shamu
New voice message: Why are you calling me? If I need you, I'll call you!
  • #72,776
  • Mar 8, 2009 7:14pm Mar 8, 2009 7:14pm
Quoting ribbit
im in kawit, cavite. just a few miles south of manila.

@shamu: thanks for the tips regarding the gaps. happy trading!
I'm in Cebu City, Cebu. My wifes family is from Bohol. Close enough to stay in touch yet far enough away to not be a problem if you know what I mean.
  • #72,777
  • Mar 8, 2009 7:15pm Mar 8, 2009 7:15pm
Quoting KillerWhale
Almost time to start building short position. Double top 1.2754 most likely underway.

Shamu
it's about time I smell too
ROBOT FOREX
  • #72,778
  • Mar 8, 2009 7:15pm Mar 8, 2009 7:15pm
Quoting KillerWhale
Almost time to start building short position. Double top 1.2754 most likely underway.

Shamu
Double top upcoming
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Click to Enlarge Name: eu 03-08-09.gif Size: 29 KB
New voice message: Why are you calling me? If I need you, I'll call you!
  • #72,779
  • Mar 8, 2009 7:18pm Mar 8, 2009 7:18pm
Quoting KillerWhale
Almost time to start building short position. Double top 1.2754 most likely underway.

Shamu
I'm watching for a short around here too. See what PA has to say about it.
  • #72,780
  • Mar 8, 2009 7:19pm Mar 8, 2009 7:19pm
I'm holding my long from 1.2588 to see if there's a breakout of 1.2750/60 area. I have a mental SL at 1.2840/60. I don't see any resistance from the .2750 area until 1.2845 does anyone see anything different. I could be wrong.
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