Later folks, I got my 10 for the day and now have to go make money the boring way.
Hope you guys catch that slide back down, get some pips for me!
Hope you guys catch that slide back down, get some pips for me!
- #79,283
- Mar 24, 2009 3:58pm Mar 24, 2009 3:58pm
- Joined Oct 2008 | Status: sideline is a position | 105,127 Posts
very interesting scenario here. im glad i slept during the us session as it was choppy indeed.
technical analysis. the previous strong support around the 1.3515 level is not support anymore. at best it should be resistance now. whats better yet...in the run up for the move made last week...1.3400/25 area is the last area of support before a freefall would occur...man how i would like that.
as for my entries....i will wait for a retest of 1.3515 area to short if strong resistance is shown or wait for a breakout and retest of the 1.3425 area...
those who can, do. those who cant, talk about those who can
- #79,284
- Mar 24, 2009 4:09pm Mar 24, 2009 4:09pm
- Joined Oct 2008 | Status: sideline is a position | 105,127 Posts
those who can, do. those who cant, talk about those who can
- #79,285
- Mar 24, 2009 4:13pm Mar 24, 2009 4:13pm
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
http://www.bis.org/publ/rpfxf07t.pdf read page 1 after all the intros
New voice message: Why are you calling me? If I need you, I'll call you!
- #79,286
- Edited 4:45pm Mar 24, 2009 4:15pm | Edited 4:45pm
- Joined Oct 2008 | Status: sideline is a position | 105,127 Posts
those who can, do. those who cant, talk about those who can
- #79,288
- Mar 24, 2009 4:33pm Mar 24, 2009 4:33pm
- Joined Oct 2008 | Status: sideline is a position | 105,127 Posts
those who can, do. those who cant, talk about those who can
- #79,289
- Mar 24, 2009 4:35pm Mar 24, 2009 4:35pm
- | Joined Apr 2008 | Status: J16 Turtle | 1,572 Posts
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
- #79,291
- Mar 24, 2009 4:58pm Mar 24, 2009 4:58pm
- Joined Oct 2008 | Status: sideline is a position | 105,127 Posts
Gator I was having such a good day until you thru me a loop what the heck is pzz?
those who can, do. those who cant, talk about those who can
- #79,292
- Mar 24, 2009 5:00pm Mar 24, 2009 5:00pm
- | Joined Apr 2008 | Status: J16 Turtle | 1,572 Posts
Gator I was having such a good day until you thru me a loop what the heck is pzz?
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
- #79,293
- Mar 24, 2009 5:03pm Mar 24, 2009 5:03pm
- Joined Oct 2008 | Status: sideline is a position | 105,127 Posts
those who can, do. those who cant, talk about those who can
- #79,295
- Mar 24, 2009 5:08pm Mar 24, 2009 5:08pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Just an observation from a newbie point of view: I noticed last night (NZ time) that there were quite a few people saying that they were going long, with some people producing various charts to add weight to their views. To me, it was screaming to go short, so I went short from 1.3670 and closed it at 1.3500. I have opened another short this morning (NZ time) at 1.3490 and I'm aiming at 1.3300. It seems to my untrained and inexperienced eye that some people on this forum seem to be like sheep....just following along without taking stock of the situation for themselves. It also seems to me that some people are guilty of over analyzing the charts to death!!! I was advised a while back to buy the book, I forget the name just now but it was called The Art of Technical Analysis or something similar, and I read it with interest, taking notes etc several times. After reading this book, I formed the opinion that technical analysis is good, but it's not the 'be all and end all' as far as trading is concerned. In fact, it is just one part in the decision making of when to trade, and which way to trade.
For me, I have been learning the technical analysis side of things, as well as learning as much as possible about what's going on in the markets via news, banks forecasts, interest rates etc etc etc, and trying my best to come up with a plan after taking into account all the variables.
For sure, I have learned that while interesting, other peoples views shouldn't, and don't influence the trades I take and I have learned that ALL the variables need to be taken into account before making the trade decision. I think that (a) being a sheep and (b) over-analyzing the charts and (c) using the charts as the sole reason for entering a trade is going to end in tears.
This is just my newbie opinion as is not intended to come across as arrogant or to piss anyone off. Of course I stand to be corrected and learn
For me, I have been learning the technical analysis side of things, as well as learning as much as possible about what's going on in the markets via news, banks forecasts, interest rates etc etc etc, and trying my best to come up with a plan after taking into account all the variables.
For sure, I have learned that while interesting, other peoples views shouldn't, and don't influence the trades I take and I have learned that ALL the variables need to be taken into account before making the trade decision. I think that (a) being a sheep and (b) over-analyzing the charts and (c) using the charts as the sole reason for entering a trade is going to end in tears.
This is just my newbie opinion as is not intended to come across as arrogant or to piss anyone off. Of course I stand to be corrected and learn
Doing what you like is Freedom. Liking what you do is Happiness.
- #79,296
- Mar 24, 2009 5:14pm Mar 24, 2009 5:14pm
hell i dont recall past something zone... but you know what it is.. those s/r lines we talked about months back..
I'm still using the info you gave me and today it work really well
Let Freedom Ring!
- #79,297
- Mar 24, 2009 5:15pm Mar 24, 2009 5:15pm
- Joined Oct 2008 | Status: sideline is a position | 105,127 Posts
those who can, do. those who cant, talk about those who can
- #79,298
- Mar 24, 2009 5:17pm Mar 24, 2009 5:17pm
- Joined Oct 2008 | Status: sideline is a position | 105,127 Posts
Ok now I got ya.
I'm still using the info you gave me and today it work really well
those who can, do. those who cant, talk about those who can
