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  • #77,381
  • Mar 18, 2009 10:16pm Mar 18, 2009 10:16pm
Quoting gatorinla
that eu long did it start out as that inverted h&s you were in last month??

http://www.forexfactory.com/images/misc/progress.gif

No, it was the weekly falling wedge/daily channel and the rising wedge/channel plus the weekly pinbar on the dollar index. And that we had some pretty strong PPZ down there that price could not get below.

The inverted shampoo was more of a bold prediction. If we had of gone down to make-up the right shoulder then yes, I would have been in like Flynn.
  • #77,382
  • Mar 18, 2009 10:17pm Mar 18, 2009 10:17pm
After investigating last nights move I am actually glad I didn't hear my alarms going off. This was a nice sharp move up! Would never have managed to jump on that train.
As where are we going and whats gonna happen, thats hard to say, my best guess would be a retrace to the pivot 1.3336 and then reevaluate.

Till laters
The CAT
Trade on your own risk Plan your trade&trade your plan dont be a
  • #77,383
  • Mar 18, 2009 10:18pm Mar 18, 2009 10:18pm
Quoting Doniboy
P.S. Penny stocks are basically a Ponzi scheme now. You should have seen some of the "Companies" I owned...basically a guy in his Nevada basement who bought a shell ticker name and then pays forum kids to pump up the stock...it's actually funny.
Don't get me started. I was that kid back in the days when it was done by phone. I had a very traumatizing experience with that.
Not all sins are created equal
  • #77,384
  • Mar 18, 2009 10:20pm Mar 18, 2009 10:20pm
I thought the premise of this forum was traders helping traders. Maybe I was wrong.

Think about the noobs out there that read some of these crap calls yesterday from people trading penny a point or sims saying...."I'm loading up shorts" and they don't know any different. They load up shorts too. Then they lose their asses. Yeah I know, if you don't know what you're doing stay the f@#k out. How is that teaching anyone to be a better trader?

My 3 cents this time.

Edit: oh yeah, I forgot penny stocks. I'm up 47k on 4 stocks I bought at .0006
  • #77,385
  • Mar 18, 2009 10:21pm Mar 18, 2009 10:21pm
Quoting Doniboy
I am still afraid to go short in case lightning strikes twice....
In all sincerity, if you can't see a trade on your charts, then fear is the wrong reason to get into or stay out of a trade either one.

Flat is a position also. If I knew I wasn't going to trade tonite, I'd shut the puter off and call it all good until either things or myself settled down.

I have 3 open shorts right now all in green so I know I'm taking somebody's coin....

3528/3466/3434 +pips locked and scaled out as we go. When I see the light at the end of the tunnel, I'm out and looking for longs before the train hits me.

That's the plan anyway.
FUBAR...
  • #77,386
  • Mar 18, 2009 10:22pm Mar 18, 2009 10:22pm
Quoting NuckingFuts
No, it was the weekly falling wedge/daily channel and the rising wedge/channel plus the weekly pinbar on the dollar index. And that we had some pretty strong PPZ down there that price could not get below.

The inverted shampoo was more of a bold prediction. If we had of gone down to make-up the right shoulder then yes, I would have been in like Flynn.
those are nice.. havent been in one since ea.. a few months back... i was in the gy but bailed too early when it droped 300 pips..a few weks back... they are nice to add too on those pullbaks..you might be in that one for a long time..
those who can, do. those who cant, talk about those who can
  • #77,387
  • Mar 18, 2009 10:22pm Mar 18, 2009 10:22pm
Quoting KillerWhale
Forex does not need to be a zero sum game for the traders.

If the traders are net gaining or losing, then businesses with normal currency transactions fill up the gap.
You mean businesses like for instance, Sony trading Yen for Dollars?

Isn't the majority of trades done by speculators like us here but financial institutions as well? Isn't the volume larger than businesses? I would think a bank would trade more than Toyota or Chrysler would.
Not all sins are created equal
  • #77,388
  • Mar 18, 2009 10:24pm Mar 18, 2009 10:24pm
Quoting dysan4x
I thought the premise of this forum was traders helping traders. Maybe I was wrong.

Think about the noobs out there that read some of these crap calls yesterday from people trading penny a point or sims saying...."I'm loading up shorts" and they don't know any different. They load up shorts too. Then they lose their asses. Yeah I know, if you don't know what you're doing stay the f@#k out. How is that teaching anyone to be a better trader?

My 3 cents this time.
It should be, and sharing analysis.

Problem is that most people want to know where price is going for the next 20 pips.
  • #77,389
  • Mar 18, 2009 10:24pm Mar 18, 2009 10:24pm
Why are you arguing at this moment? Didn't you see the size of the bottle? .............It is almost empty now.
The Thief of Wall Street
  • #77,390
  • Mar 18, 2009 10:24pm Mar 18, 2009 10:24pm
Lunch is over in 6 minutes...

Please God, no Fat Finger Syndrome tonite...
FUBAR...
  • #77,391
  • Mar 18, 2009 10:25pm Mar 18, 2009 10:25pm
Quoting Chicky
Why are you arguing at this moment? Didn't you see the size of the bottle? .............It is almost empty now.
*slurred speech* You stay away from my wife!

Just kidding
Not all sins are created equal
  • #77,392
  • Mar 18, 2009 10:26pm Mar 18, 2009 10:26pm
Quoting ak4x
In all sincerity, if you can't see a trade on your charts, then fear is the wrong reason to get into or stay out of a trade either one.

Flat is a position also. If I knew I wasn't going to trade tonite, I'd shut the puter off and call it all good until either things or myself settled down.

I have 3 open shorts right now all in green so I know I'm taking somebody's coin....

3528/3466/3434 +pips locked and scaled out as we go. When I see the light at the end of the tunnel, I'm out and looking for longs before the train hits me.

That's the...
Good point...
  • #77,393
  • Mar 18, 2009 10:28pm Mar 18, 2009 10:28pm
Quoting ak4x
Lunch is over in 6 minutes...

Please God, no Fat Finger Syndrome tonite...
*LMAO*X 10*
those who can, do. those who cant, talk about those who can
  • #77,394
  • Mar 18, 2009 10:31pm Mar 18, 2009 10:31pm
Quoting Jay Walker
*slurred speech* You stay away from my wife!

Just kidding


Ok, we surrender. This is a zero sum game.



0+0=0
(not +1-1=0)
The Thief of Wall Street
  • #77,395
  • Mar 18, 2009 10:31pm Mar 18, 2009 10:31pm
Asia session so far...

Targets are near the yellow line or Daily pivot to the figure (pink) for now, will re-evaluate as PA dictates.
Attached Image
FUBAR...
  • #77,396
  • Mar 18, 2009 10:38pm Mar 18, 2009 10:38pm
Or if you like more lines... here's my 1hr chart.

Shaded ellipses are zones of highest interest becuz of convergences.

This is the only thing I'm trading off tonite, except it's all on the 1-3m chart w/ BB's.
Attached Image
FUBAR...
  • #77,397
  • Mar 18, 2009 10:38pm Mar 18, 2009 10:38pm
I think it's gonna up right now
The trend is your friend and you is your enemy - MJ
  • #77,398
  • Mar 18, 2009 10:42pm Mar 18, 2009 10:42pm
Quoting ak4x
.......Flat is a position also. ......I have 3 open shorts right now .
Just an innocent, probably a silly question: Do you think whoever big fish bought it today, will let it retrace? IT IS FLAT, maybe because buying is still going on.
The Thief of Wall Street
  • #77,399
  • Mar 18, 2009 10:45pm Mar 18, 2009 10:45pm
was just looking at eur/jpy and it is currently forming a cute W on the 5 min chart off of support
just a heads up on fiber shorts
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #77,400
  • Mar 18, 2009 10:46pm Mar 18, 2009 10:46pm
Quoting gatorinla
those are nice.. havent been in one since ea.. a few months back... i was in the gy but bailed too early when it droped 300 pips..a few weks back... they are nice to add too on those pullbaks..you might be in that one for a long time..
Yes, geppy needs a lot of room to breathe and you need steel gonads to be able to ride it out {for longer term trading anyway}.

I always let the market prove me wrong {not by a few pips either}, even it means turning off the computer and coming back tomorrow. As long as you have a stop loss and tight MM, let it ride to heaven or hell.

Another thing, there's a neat little trick with geppy. As its price is the product of GU and UJ (GJ = GU x UJ), when both majors are moving one way, you can be sure geppy will move that way too (i.e. GU up and UJ up = You can be 110% sure GJ will also be up because of the mathematical formula).
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