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  • #73,961
  • Mar 11, 2009 6:56am Mar 11, 2009 6:56am
Quoting Driver55

at 2759 short again

Could you tell me the reason why you still believe short, show me pls?
The market is always right, but it is not never wrong!!!
  • #73,962
  • Mar 11, 2009 6:56am Mar 11, 2009 6:56am
we haven't seen 2759 yet!!!!!!!
  • #73,963
  • Mar 11, 2009 6:57am Mar 11, 2009 6:57am
Quoting sibajnok
is it a good idea to short @2750?
You may want to wait a little longer, I am long bias and I think it should trend higher.
  • #73,964
  • Mar 11, 2009 6:59am Mar 11, 2009 6:59am
break of 2775 should lead up to 2820 again
Going to make it big by age 21.
  • #73,965
  • Mar 11, 2009 7:01am Mar 11, 2009 7:01am
looking good now..
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If you need something important don't hesitate to ask someone else.....
  • #73,966
  • Mar 11, 2009 7:06am Mar 11, 2009 7:06am
I hit my target at 1.2750,maximum uptrend could be a retest of 1.2820 in order to complete the W wich Psiholog was talking of in his previous post.
Good trading.
  • #73,967
  • Mar 11, 2009 7:06am Mar 11, 2009 7:06am
Soooooo, what's the trend?? hehehe
  • #73,968
  • Mar 11, 2009 7:07am Mar 11, 2009 7:07am
Quoting psiholog
the ones who kept their jobs and homes and still can afford to go out or buy whatever they usually buy...do you think they care about the person who lost his job and home? Time and time again I have seen this is not the case and view that other unlucky individual as a nuisance at best. Not only that...they keep up their normal daily habits..buy this..buy that..go see this movie...go see that movie..and so on. You walk through malls where I live, you go to the movies where I live or restaurant any given weekend...there are so many people theres barely...
There is no doubt that there are still going to be people who do well during this recession and will continue to buy and consume. I suppose that is good for the economy in general.

But that is also true that there are those out there who are continuing with their lives without caring too much about what is going on around them. No reason to blame them but I'm sure that they would care what is going on with others around them if they lost their job or people close to them lose their job and get foreclosed upon.

And then there are those who don't care about others in general. But I think they would be in the minority.

I think the truth is that if you have a good job and can support your family then you should do that and save a bit of money in case of an emergency. If you can help others then do so but if not possible then at least take care of ones own family.
  • #73,969
  • Mar 11, 2009 7:11am Mar 11, 2009 7:11am
Quoting Legio_Ulpia
I hit my target at 1.2750,maximum uptrend could be a retest of 1.2820 in order to complete the W wich Psiholog was talking of in his previous post.
Good trading.
good judgement. imagine this...1.2820 does not get decisively broken and only acts as the formation of a double top. then price action retreats to the 1.2625 level. That is 200 pips. By an M's definition...that provides for another 200 pip drop to 1.2425 or so. We go that low...thats the lowest low this year...momentum enough should make it break through 1.2300 levels and possibly push towards what bernac considered a possibility some weeks ago...1.1700. All depends on pa now between 1.2820 and 1.2625...a break of this range will determine further direction
Different opinions highly valued, ignorant to slander.
  • #73,970
  • Mar 11, 2009 7:21am Mar 11, 2009 7:21am
heres the M as i would see it. keep in mind that 1.2820 cannot be decisively broken for this to happen. My bias has changed from bull to neutral but still long term very bearish. This pa right here may be the start of the next bear run lasting a while...

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Different opinions highly valued, ignorant to slander.
  • #73,971
  • Mar 11, 2009 7:22am Mar 11, 2009 7:22am
Quoting psiholog
good judgement. imagine this...1.2820 does not get decisively broken and only acts as the formation of a double top. then price action retreats to the 1.2625 level. That is 200 pips. By an M's definition...that provides for another 200 pip drop to 1.2425 or so. We go that low...thats the lowest low this year...momentum enough should make it break through 1.2300 levels and possibly push towards what bernac considered a possibility some weeks ago...1.1700. All depends on pa now between 1.2820 and 1.2625...a break of this range will determine further...
I'm quite sure it can go this way,I well remember Bemac was predicting a fall to 1.1800 as I'm sure this pair has to touch this level before it can go up hard,waiting for that moment I remain a bear.
  • #73,972
  • Mar 11, 2009 7:28am Mar 11, 2009 7:28am
Quoting psiholog
good judgement. imagine this...1.2820 does not get decisively broken and only acts as the formation of a double top. then price action retreats to the 1.2625 level. That is 200 pips. By an M's definition...that provides for another 200 pip drop to 1.2425 or so. We go that low...thats the lowest low this year...momentum enough should make it break through 1.2300 levels and possibly push towards what bernac considered a possibility some weeks ago...1.1700. All depends on pa now between 1.2820 and 1.2625...a break of this range will determine further...
Psi is right,
The Pros are looking to break 1.2823 today. If that level is breached we could expect a a strong Bull run with fresh new highs and upwards momentum.
  • #73,973
  • Mar 11, 2009 7:34am Mar 11, 2009 7:34am
i wonder...when i have over 100k possibly 1million..will i keep posting here? now as most of you know i have had no capital to start with...trying for the ideology "rags to riches". i know i am capable of much much more i just dont have the funds to do it yet. so this question goes to all the seasoned pros...if your income from forex per year is lets say over 100k...why do you keep posting?...im dying to know
Different opinions highly valued, ignorant to slander.
  • #73,974
  • Mar 11, 2009 7:36am Mar 11, 2009 7:36am
Quoting Jhig
Psi is right,
The Pros are looking to break 1.2823 today. If that level is breached we could expect a a strong Bull run with fresh new highs and upwards momentum.
The pros are not looking to break anything yet. At 1.17 you will see a trend reversal. level to watch for bounce 1.2387

1.2805 will be a point to watch
  • #73,975
  • Mar 11, 2009 7:40am Mar 11, 2009 7:40am
Quoting psiholog
i wonder...when i have over 100k possibly 1million..will i keep posting here? now as most of you know i have had no capital to start with...trying for the ideology "rags to riches". i know i am capable of much much more i just dont have the funds to do it yet. so this question goes to all the seasoned pros...if your income from forex per year is lets say over 100k...why do you keep posting?...im dying to know
Why would your trading habits change with the amount with which you are trading?

Trading is boring 99% of the time, FF gives us something to do during that 99%. Doesn't matter if you're trading demo or a million bucks.

PS - get ready for a drop...
  • #73,976
  • Mar 11, 2009 7:40am Mar 11, 2009 7:40am
Its usually double bottom and double top what we need to see rapid move in opposite way. ~2800 looks like good place to place some short and wait for it to get bounced like it did yeasturday. If there is no strong reason for big move up or down and it happends, it usually moves back pretty easy. I said that yeasturday and i will do it again today, speculations is the right word.
  • #73,977
  • Mar 11, 2009 7:43am Mar 11, 2009 7:43am
Quoting psiholog
i wonder...when i have over 100k possibly 1million..will i keep posting here? now as most of you know i have had no capital to start with...trying for the ideology "rags to riches". i know i am capable of much much more i just dont have the funds to do it yet. so this question goes to all the seasoned pros...if your income from forex per year is lets say over 100k...why do you keep posting?...im dying to know
you will post, but very different way
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  • #73,978
  • Mar 11, 2009 7:43am Mar 11, 2009 7:43am
Quoting psiholog
i wonder...when i have over 100k possibly 1million..will i keep posting here? now as most of you know i have had no capital to start with...trying for the ideology "rags to riches". i know i am capable of much much more i just dont have the funds to do it yet. so this question goes to all the seasoned pros...if your income from forex per year is lets say over 100k...why do you keep posting?...im dying to know
I'm not a pro and I'm still learning so forgive me if I answer to this question but if I ever have this income I will anyway keep posting here to help people learning.
If I ever will be a millionaire with this businness it could only be thanks to seasoned people that share it's knowledge like you here at FF
  • #73,979
  • Mar 11, 2009 7:44am Mar 11, 2009 7:44am
Quoting F.x.
Why would your trading habits change with the amount with which you are trading?

Trading is boring 99% of the time, FF gives us something to do during that 99%. Doesn't matter if you're trading demo or a million bucks.

PS - get ready for a drop...
I am with you on that.

No man's an island. Most of us trade either full-time at home or between breaks at work so this is one of "the" place for ppl like us to hang around while the bear or bull trap are laid.

Even scapler need a break from the charts, not to mention the good humour and information that can be attained right here.

Keep post and keep walking.
  • #73,980
  • Mar 11, 2009 7:45am Mar 11, 2009 7:45am
I didn't close my longs,

I closed one now at 1.2800.

Let's see if we will see 1.2900 or not, will add more longs soon.
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