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  • #79,061
  • Mar 24, 2009 1:47am Mar 24, 2009 1:47am
Quoting arthurb
Coming from a Austrian school of economics myself, i already subscribed to that thread since you opened it, and made my youtube searches pointless , but i do think that thread needs "the other half" , the Keynesian point of view, (this is just a remark about "the video store").

my best congrats on that thread.
People are welcome to put Keynesian or other opinions on there. I encourage it.

I'm no Mike Norman backer but if someone is and posts his videos on there, fine by me.
Not all sins are created equal
  • #79,062
  • Mar 24, 2009 1:48am Mar 24, 2009 1:48am
Quoting Jay Walker
Well, I'd think twice about that.

I mean, what good does it do to make USD $1,000,000 per day if a Big Mac and fries cost you $500,000?

My trading account is in Euro for that very reason. I have no faith in the long term viability of the U.S. dollar.
I would immediately move to Aruba or Bonaire in the Carribian. I'm a Dutch national allthough I live in South West California.
Saves a lot of tax payments too.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #79,063
  • Mar 24, 2009 1:50am Mar 24, 2009 1:50am
Quoting KillerWhale
I would immediately move to Aruba or Bonaire in the Carribian. I'm a Dutch national allthough I live in South West California.
Dual citizenship? If so, you're one lucky bugger.

If not, well, you're still a lucky bugger to have the option to go elsewhere in the world if and when the proverbial shit hits the fan. Options are a beautiful thing!
Not all sins are created equal
  • #79,064
  • Mar 24, 2009 1:54am Mar 24, 2009 1:54am
Quoting Jay Walker
Dual citizenship? If so, you're one lucky bugger.

If not, well, you're still a lucky bugger to have the option to go elsewhere in the world if and when the proverbial shit hits the fan. Options are a beautiful thing!
Cannot more agree with you.
Yes I have dual citizenship, earned by marrying a US beauty, but she's fully willing to follow me to the Carribian if my forex adventure works out.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #79,065
  • Mar 24, 2009 1:59am Mar 24, 2009 1:59am
Back in the day I came up with this slick little method that I call the Gann triangle. Basically, I am expecting to see a bounce off of the red lines, one to the other. I really like using these when price is ranging. We'll see what happens.
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  • #79,066
  • Mar 24, 2009 2:00am Mar 24, 2009 2:00am
I'm pondering the effect that the massive news load may inject into the near term PA tonite... People bailing out of positions or locking profit ahead of time could skew things quite a bit...

I sure won't try to trade thru that mess tho. I may tidy up a couple of the near shorts and call it a night.

Ooops, moot point as the trailers all got hit except for the 3565 entry. Oh well, one last long from the 30m LTL/ CP at 3630 with tight stop and that will do it for me I think.
FUBAR...
  • #79,067
  • Mar 24, 2009 2:03am Mar 24, 2009 2:03am
I'm off folks.

Sleep tight and remember. Have your hat fastened.
Not all sins are created equal
  • #79,068
  • Mar 24, 2009 2:04am Mar 24, 2009 2:04am
Quoting Scotty B
Back in the day...
hey scotty, did that japanese fan thingy ever fly? i lost track of your work on that.

I think that's what you called it. This thing here just reminded me of it.
FUBAR...
  • #79,069
  • Mar 24, 2009 2:05am Mar 24, 2009 2:05am
Quoting Jay Walker
Have your hat fastened.
always..
FUBAR...
  • #79,070
  • Mar 24, 2009 2:07am Mar 24, 2009 2:07am
Quoting ak4x
This is actually reminding me of some PA on Geppy last May.. It kept hammering on this one R level, would collapse away from it a few hundred pips and then come back again. The whle time all you heard from some of the newer geppy traders was doubletop, triple top, quadruple top, big top, you name it...
When that sucker finally gave way, the beast jumped well over 600 pips with no retrace. Dejaja Vuvu, but that's just me. Still got the charts somewhere on the hard drive. Might try to dig them up.
interesting...i would very much appreciate if you posted this chart. i am quite curious to see where i fit in among the "newer" traders as pa similar to this week i dont recall seeying in a long time...especially a triple top..not on eur/usd. while my bias is still down...if i am wrong...seeying why i was wrong will be a reminder for future similar events
Different opinions highly valued, ignorant to slander.
  • #79,071
  • Mar 24, 2009 2:08am Mar 24, 2009 2:08am
Quoting Jay Walker
I'm off folks.

Sleep tight and remember. Have your hat fastened.
Thanks for the hint
New voice message: Why are you calling me? If I need you, I'll call you!
  • #79,072
  • Mar 24, 2009 2:11am Mar 24, 2009 2:11am
Bears is trying its best to dislodge the bulls grip on those high bar .....hope the bulls prevail so there is no need to put on a different hat....
  • #79,073
  • Mar 24, 2009 2:14am Mar 24, 2009 2:14am
Quoting ak4x
hey scotty, did that japanese fan thingy ever fly? i lost track of your work on that.

I think that's what you called it. This thing here just reminded me of it.
LOL...Yes this is a brain child of that old concept..When things are trending there is no need for the method, but in ranging markets It's one of my best friends.
  • #79,074
  • Mar 24, 2009 2:17am Mar 24, 2009 2:17am
my current interpretation of pa is simple really...yet another rangebound day. the range is defined by the lines and everything else is peaks and valleys for now....flat and looking for entries once range is broken and the breakout wall is retested to prove it has become resistance/support...bias is still down...if a 500point up dow day did not set a new high in eur/usd...i dont know what will

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Different opinions highly valued, ignorant to slander.
  • #79,075
  • Mar 24, 2009 2:17am Mar 24, 2009 2:17am
Good Morning/Evening @ all
The best thing that can happen to you is to find out where you're wrong.
  • #79,076
  • Mar 24, 2009 2:25am Mar 24, 2009 2:25am
Quoting psiholog
my current interpretation of pa is simple really...yet another rangebound day. the range is defined by the lines and everything else is peaks and valleys for now....flat and looking for entries once range is broken and the breakout wall is retested to prove it has become resistance/support...bias is still down...if a 500point up dow day did not set a new high in eur/usd...i dont know what will

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if I may add that the 500 point rally was on below average volume
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #79,077
  • Mar 24, 2009 2:26am Mar 24, 2009 2:26am
Ooops....looks like the bull has just slip off from those bar...hmmm initial SL 13740.
  • #79,078
  • Mar 24, 2009 2:28am Mar 24, 2009 2:28am
EUR-USD still range bound, 1.3738 - 1.3485 (285 pips).

With Harrami and Doji on the daily chart my bias is to the down side.

IF we price should fall below 1.3485, it is likely we hit 38.2% of this last up move and reach 1.3248 area.
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  • #79,079
  • Mar 24, 2009 2:32am Mar 24, 2009 2:32am
The geppy charts I referred to a bit ago start here... http://www.forexfactory.com/showthre...ig#post1991664 and it ends up here...

http://www.forexfactory.com/showthre...es#post2027242 or you can scroll thru the short thread to find the other ones in between.

There are 4 or 5 charts altogether, You'd have to look on your daily chart a few days following the final chart date to find the breakout... I got the 209 call right, but missed the 214. Coming off the LTL on that last push up, it was quite a bit more than 600 pips all told.

My point remains that the consensus was that the Hzl TL failures would continue to fail, becuz the last 3-6 attempts had failed. That was true until it wasn't...

I vividly remember that cuz by the end of the day, I had joined the Naysayers and said it probably wouldn't get back to 214 again after all. Wrong....
FUBAR...
  • #79,080
  • Mar 24, 2009 2:34am Mar 24, 2009 2:34am
Quoting djambazov84
if I may add that the 500 point rally was on below average volume
glad you brought that up....its quite interesting how the dow will play out later.

i noticed when the dow was at the lows earlier this month pa reversed on a gap pattern named "island reversal". (thank you ak4x on the terminology lesson). this is pretty much where price action gaps down compared to the previous day and that gap only gets filled the following day with yet another gap up. in other words...price action for one day has no link to what happened the previous day or the day after.


the dow gapped 150 points + yesterday....closed at the highs of that 500point rally. Im quite curious if there will be a gap down later and pa will continue straight down forming yet another island reversal.

and as you noted...most of this is done on what appears as low volume when in reality it is big players hiding their positions..aka iceberg orders (thank you mikkom for the detailed explanation on that).

island reversal and iceberg orders can be defined at investopedia.com
Different opinions highly valued, ignorant to slander.
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