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  • #79,481
  • Mar 24, 2009 9:54pm Mar 24, 2009 9:54pm
Quoting newbietrader101
you still a bull?
Yes

Ask me at the end of the week and maybe my answer will be different.
Not all sins are created equal
  • #79,482
  • Mar 24, 2009 9:57pm Mar 24, 2009 9:57pm
Quoting Ferick
What are you seeing that leads you to believe that? I am just curious because I see a brick wall at 137 and this thing always finds path of least resistance.

Anything is possible, but odds are for a move down in my humble opinion.
I'm just completely insane is what leads me to believe that.
Not all sins are created equal
  • #79,483
  • Mar 24, 2009 9:57pm Mar 24, 2009 9:57pm
Quoting newbietrader101
you still a bull?
Here's the chart, mind the colors...

Now it all depends on how you "interpret" it, and combinig it with other timeframes to get the best "picture".

For me it's a retracement...
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh4.gif Size: 23 KB
Traders are smartasses
  • #79,484
  • Mar 24, 2009 9:57pm Mar 24, 2009 9:57pm
Quoting Jay Walker
Yes

Ask me at the end of the week and maybe my answer will be different.
my secret weapon says diffrent. this sucker is going down. and i never bet agenst the secret weapon.
  • #79,485
  • Mar 24, 2009 9:58pm Mar 24, 2009 9:58pm
Quoting Spsantos
Here's the chart, mind the colors...

Now it all depends on how you "interpret" it, and combinig it with other timeframes to get the best "picture".

For me it's a retracement...
Retracement or freefall?
Not all sins are created equal
  • #79,486
  • Mar 24, 2009 9:59pm Mar 24, 2009 9:59pm
Quoting Jay Walker
Yes

Ask me at the end of the week and maybe my answer will be different.
Are you long because u r invested in it or........?
  • #79,487
  • Mar 24, 2009 9:59pm Mar 24, 2009 9:59pm
I've heard so many people now advising to go long and short or both.
I did my own comprehensive research and came to the conclusion that the best strategy for now is:

TRADE SIDEWAYS

New voice message: Why are you calling me? If I need you, I'll call you!
  • #79,488
  • Mar 24, 2009 9:59pm Mar 24, 2009 9:59pm
Quoting Ferick
Are you long because u r invested in it or........?
What do you mean?
Not all sins are created equal
  • #79,489
  • Mar 24, 2009 9:59pm Mar 24, 2009 9:59pm
Quoting Spsantos
Here's the chart, mind the colors...

Now it all depends on how you "interpret" it, and combinig it with other timeframes to get the best "picture".

For me it's a retracement...
to many lines and bands and cerves. strip all that crap off and have another look
  • #79,490
  • Edited 10:28pm Mar 24, 2009 10:00pm | Edited 10:28pm
Bullish bias still holding for the time being, but will be watching tomorrow closely.

Until then, I'm still sticking a green arrow on the chart and I'm still looking for the R level shown by the gold bar a'rd 3920ish for now. Higher targets already picked out but one thing at a time...

At this point things could change fast as the verbalvention is a real party pooper factor, no matter where it's coming from.

We'll see.

NOTE: I've extended my high fib anchor on this chart to the 3735ish level, up from the previous one at 35oo.

The new lower low has skewed the level a little bit, and so I'm watching to see which of the two levels prove to be most in synch now. This new one shows a nice retrace to the 78% level, which speaks clearer to me than simply breaking below the old fib anchor at 35oo.

I know everyone is saying trend busted and such but now is when we decide what we're seeing when we look at the chart...
Attached Image
FUBAR...
  • #79,491
  • Mar 24, 2009 10:00pm Mar 24, 2009 10:00pm
Quoting Jay Walker
Retracement or freefall?
Unless you turn it upside down

But i don't see it yet, we're going down a bit more before the "rally", equities are still to shaky.
Traders are smartasses
  • #79,492
  • Mar 24, 2009 10:01pm Mar 24, 2009 10:01pm
Quoting newbietrader101
to many lines and bands and cerves. strip all that crap off and have another look

You need a doctor.
Traders are smartasses
  • #79,493
  • Mar 24, 2009 10:01pm Mar 24, 2009 10:01pm
Quoting Jay Walker
What do you mean?
Do you have long trades right now?
  • #79,494
  • Mar 24, 2009 10:04pm Mar 24, 2009 10:04pm
Quoting newbietrader101
And i never bet agenst the secret weapon.
i was short at that same price last night... i got out at 3485 .. then it dropped even lower... oh well im at the same place i got out of right now..
those who can, do. those who cant, talk about those who can
  • #79,495
  • Mar 24, 2009 10:05pm Mar 24, 2009 10:05pm
Quoting Ferick
Do you have long trades right now?
No, actually Jay Walker is part of the Jay Walker Project. Jay Walker is really 6 persons working around the clock post padding on Forexfactory.com for a social project on behalf of the Department of Homeland Security.

Yeah I'm in a trade now!
Not all sins are created equal
  • #79,496
  • Mar 24, 2009 10:06pm Mar 24, 2009 10:06pm
Quoting KillerWhale
I've heard so many people now advising to go long and short or both.
I did my own comprehensive research and came to the conclusion that the best strategy for now is:

TRADE SIDEWAYS

What do you think we have been doing for past seven hours?
The Thief of Wall Street
  • #79,497
  • Edited 10:10pm Mar 24, 2009 10:09pm | Edited 10:10pm
If we don't break below 1.3430 my bias is still long. Simple.

Below that i'll be neutral and looking for new patterns.

I said a few posts back, a trader can't have a natural bias, i'm bull if I believe we're in a uptrend, i'm bear in a downtrend, no problem with that.

Now what determines an uptrend or downtrend, may depend on our interpretation of the charts.
Traders are smartasses
  • #79,498
  • Mar 24, 2009 10:11pm Mar 24, 2009 10:11pm
Quoting Chicky
What do you think we have been doing for past seven hours?
i turned one monitor upside down and one sideways and left one normal... do i need another monitor to turn to the side the other way.. the one i gots to the left..
those who can, do. those who cant, talk about those who can
  • #79,499
  • Edited 10:14pm Mar 24, 2009 10:11pm | Edited 10:14pm
Quoting Jay Walker
No, actually Jay Walker is part of the Jay Walker Project™. Jay Walker is really 6 persons working around the clock post padding on Forexfactory.com for a social project on behalf of the Department of Homeland Security.

Yeah I'm in a trade now!
So it's more like you Hope it will go north? Right. That's what it sounds like.

Another hour another failure at 134.90. Nice.


I am heading to bed and leaving my short open. Will set a long at 136 in case something shifty happens over night.
  • #79,500
  • Edited 10:13pm Mar 24, 2009 10:13pm | Edited 10:13pm
Quoting Ferick
So it's more like you Hope it will go north? Right. That's what it sounds like.

Another hour another failure at 134.90. Nice.
Ok, now i got it, you are multplying the prices by a factor of 100, dumb me
Traders are smartasses
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