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  • #75,781
  • Mar 15, 2009 10:25pm Mar 15, 2009 10:25pm
Went short 20 minutes ago, now 1 pip in profit. GREAT !!!
New voice message: Why are you calling me? If I need you, I'll call you!
  • #75,782
  • Mar 15, 2009 10:36pm Mar 15, 2009 10:36pm
yes hope down 1st & up again.
  • #75,783
  • Mar 15, 2009 10:38pm Mar 15, 2009 10:38pm
Quoting acumen
New recommendation.

STAY THE FUK OUT!!!!!!!!!!!!!!!!!
Yes, it helps avoid and .
  • #75,784
  • Mar 15, 2009 10:47pm Mar 15, 2009 10:47pm
I am short...Target 1.2216.. This up move was only a retracement. Sure I could be wrong, but fibs rarely lie. Oh sweet irony!
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  • #75,785
  • Mar 15, 2009 10:52pm Mar 15, 2009 10:52pm
I've got one chart telling me to buy and another telling me to sell. Time for lunch and a walk on the beach until London.

Take care all.
  • #75,786
  • Mar 15, 2009 10:55pm Mar 15, 2009 10:55pm
Quoting Scotty B
I am short...Target 1.2216.. This up move was only a retracement. Sure I could be wrong, but fibs rarely lie. Oh sweet irony!
1.2216? Wow that's kind of far away. Just my opinion but I think you will really have to wait a long time for that. Somewhere from a couple of weeks up to a couple of years, or it will never happen.

No one knows if the stock market has bottomed out @ 6,500, but just in case it did, EU will not make a new low anywhere in the near future.
Slowly inflation will pick up and the dollar's destiny will be less value with all the dollar printing that will happen in the near future.

Just my opinion, don't use it for trading.

Shamu
New voice message: Why are you calling me? If I need you, I'll call you!
  • #75,787
  • Mar 15, 2009 11:01pm Mar 15, 2009 11:01pm
Technically EU H4 TF totally overbought, just time could tell us when it will drop.
  • #75,788
  • Mar 15, 2009 11:02pm Mar 15, 2009 11:02pm
Quoting KillerWhale
I can only think it is worse now.
It usually gets worse when trends change, because the retail traders lag into following the majors, loosing a lot before understanding that the trend has changed.

That's the two points where they lose more, while trying to pick the turn around point (entering to soon and keep getting "eaten") and understanding too late the new trend (loosing a lot still convinced the trend hasn't changed yet).

That's why simple practices like watching ticker movements help predicting a turn around, and neutral mentality keeps you from being always biased to a trend.

Trading is simple, and those that can narrow it down to the few fundamentals(avoid lot of noise in TA and FA) are always ahead of the pack.
Traders are smartasses
  • #75,789
  • Mar 15, 2009 11:03pm Mar 15, 2009 11:03pm
Quoting KillerWhale
1.2216? Wow that's kind of far away. Just my opinion but I think you will really have to wait a long time for that. Somewhere from a couple of weeks up to a couple of years, or it will never happen.

No one knows if the stock market has bottomed out @ 6,500, but just in case it did, EU will not make a new low anywhere in the near future.
Slowly inflation will pick up and the dollar's destiny will be less value with all the dollar printing that will happen in the near future.

Just my opinion, don't use it for trading.

Shamu
After saying the 1st part in bold, I don't think you needed to say the 2nd part. Well maybe for the noobs of the forum.
  • #75,790
  • Mar 15, 2009 11:04pm Mar 15, 2009 11:04pm
Quoting PandoraBox
Technically EU H4 TF totally overbought, just time could tell us when it will drop.
could the drop just a retracement for 4H rather than a trend change?
  • #75,791
  • Mar 15, 2009 11:05pm Mar 15, 2009 11:05pm
Quoting KillerWhale
1.2216? Wow that's kind of far away. Just my opinion but I think you will really have to wait a long time for that. Somewhere from a couple of weeks up to a couple of years, or it will never happen.

No one knows if the stock market has bottomed out @ 6,500, but just in case it did, EU will not make a new low anywhere in the neer future.
Slowly inflation will pick up and the dollar's destiny will be less value with all the dollar printing that will happen in the near future.

Just my opinion, don't use it for trading.

Shamu
Oh, no worries there. The Dow is going to 5966 so I'm covered. Things are about to get much worse. The Euro is still oversold in my opinion. It will crash too like all the others.
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  • #75,792
  • Mar 15, 2009 11:06pm Mar 15, 2009 11:06pm
Quoting SunTrader
After saying the 1st part in bold, I don't think you needed to say the 2nd part. Well maybe for the noobs of the forum.
Okay, just for the noobs.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #75,793
  • Mar 15, 2009 11:08pm Mar 15, 2009 11:08pm
Quoting SunTrader
After saying the 1st part in bold, I don't think you needed to say the 2nd part. Well maybe for the noobs of the forum.

Know what? I'm yet to find out who the "noobs" on the forum are, since number of post or number of "v's" are in no way a method of measure of experience.

SBX post was, to me, contrary to my current bias, but I respect it, and I understand his position, it's a possibility, although in my current table of probabilities it is one of the lower ones. Like some usually say around here, we're taking each others money after all, but don't blame the ones that get the most...
Traders are smartasses
  • #75,794
  • Mar 15, 2009 11:11pm Mar 15, 2009 11:11pm
we'll go from daily to five minutes.

Daily chart for the euro shows bullish potential with consectutive higher highs and higher lows, thus facing a lot of resistance due to the last ranging PA. a longterm trade is not affordable here till a breakout or a failure for the close resistance. the daily is in indecision now and no clear route for the euro on the daily chart.

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looking at the hourly chart, you can notice a shortterm 'short' trades are more likely in favor with all the shadows and the price failing to breakout for a new high and we can see some consecutive lower lows in there and lower highs, so after the indecision in the daily, the hourly shows some potential for short trades 'shortterm ones' with very tight stop/loss!

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and then the 5 minutes which is my trigger.

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happy trading!

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Fay All Time Return: -98.7%
  • #75,795
  • Mar 15, 2009 11:12pm Mar 15, 2009 11:12pm
Quoting Spsantos
Know what? I'm yet to find out who the "noobs" on the forum are, since number of post or number of "v's" are in no way a method of measure of experience.

SBX post was, to me, contrary to my current bias, but I respect it, and I understand his position, it's a possibility, although in my current table of probabilities it is one of the lower ones. Like some usually say around here, we're taking each others money after all, but don't blame the ones that get the most...
I'm sorry. I was under the impression this was a public forum and that we are free to respond to what is posted and as you say, regardless of how many posts or vouches.
  • #75,796
  • Mar 15, 2009 11:12pm Mar 15, 2009 11:12pm
Quoting baguznet
could the drop just a retracement for 4H rather than a trend change?
Drop around 400 ~ 500 pips - H4 TF
  • #75,797
  • Mar 15, 2009 11:13pm Mar 15, 2009 11:13pm
1.2216 was not you BTW.
  • #75,798
  • Mar 15, 2009 11:14pm Mar 15, 2009 11:14pm
Quoting SunTrader
I'm sorry. I was under the impression this was a public forum and that we are free to respond to what is posted and as you say, regardless of how many posts or vouches.

I'm sorry then, your attempt to "defend" the noobs in the forum was miss-interpreted by me for trying to cover others positions, I didn't understand you were speaking of yourself. Being ambiguous isn't my area.
Traders are smartasses
  • #75,799
  • Mar 15, 2009 11:35pm Mar 15, 2009 11:35pm
i dont know the future.. so my opinium is no different then any other monkey with simuliar anatomy. i dont think stocks will return to anyway near former highs for a long time.. maybe not even in the few decades i got left. ive heard it took to the 70ties for it to come back after the last depresion 1929.. and when it came back in the 70ties many companies that were in it in 1929 were gone so they added new companies. so in reality this diluted the original ones. amplifieng the new ones. today we have a false number when we see them compare anything to 1929 numbers.if you truly add in all the companies members of dow in 1929 our high of 2007 is bs. we have in recent memory oct. 1989, tech bubble, and todays crap. 3 times people were burned in less then 20 years.some of these people arent comming back ever. if you add the bearnie madoff sydrone ect.then add in another fact that there will be less leverage at least till someone changes a rule or guts enforcment.add all this up with americans saving again and i think lots of capitol sources will be dry for a while. so that puts the future stocks in the dark ages short term if not longer.since money is never lost it just changes hands,someone with the purse strings will invest.. but without the masses investing things will be slow.. yes money is never lost it changes hands but much of the lost money never exsisted in the first place....and if and when it does come back we will not reconise the new companys and industrys that have yet to be created. reality cancels b.s. in the long run..
those who can, do. those who cant, talk about those who can
  • #75,800
  • Mar 15, 2009 11:37pm Mar 15, 2009 11:37pm
Quoting Spsantos
I'm sorry then, your attempt to "defend" the noobs in the forum was miss-interpreted by me for trying to cover others positions, I didn't understand you were speaking of yourself. Being ambiguous isn't my area.
No apology necessary, but you are missing the point entirely so it might be best for you to go back to "simple practices like watching ticker movements help predicting a turn around." Simple, huh?

But meantime if KillerWhale needs clarification he can ask for himself.
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