true, but even so......
THERE IS NOTHING LIKE LIVING IN SPAIN!!!!!!!!!!!!!!!!!!!!!!!!
Ole, ole, y ole....
- #81,702
- Mar 31, 2009 3:11pm Mar 31, 2009 3:11pm
The last move came from 3228 and went all the way up to 3295 without making a true retracement. So already, the market was craving a small retrace. Because 3295 is a major price level, the market almost had to retrace at that level to some degree - even if just a little - before continuing up. With that in mind, I went short at 3294 for a quick 10 pips. I could've taken more, but I don't take chances. Only the absolutely positive moves, and I usually close the trade halfway through the retracement. I only make a few pips, but it adds up. Leverage...
Doh! I didn't mean to do that.
- #81,703
- Mar 31, 2009 3:11pm Mar 31, 2009 3:11pm
- Joined Apr 2007 | Status: RCMM (Risk Analysis Money Manager) | 2,556 Posts
- #81,704
- Mar 31, 2009 3:37pm Mar 31, 2009 3:37pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #81,706
- Mar 31, 2009 3:52pm Mar 31, 2009 3:52pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
I don't know man, I live in Spain (I am Spanish myself) and the way things are looking lately I am not sure it is so great, except for the provervial good weather. But I guess this is completely offtopic and this could be a very long discussion.
Weather sucked last year though in September so don't mention the weather!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #81,707
- Mar 31, 2009 3:56pm Mar 31, 2009 3:56pm
- Joined Apr 2007 | Status: Trader | 3,055 Posts
Hey driver... your comment made me go check my weekly again, and i discovered this crazy ma on my chart that I have no idea where it came from or when.
It's a 288sma. I wasn't even sure I had enough bars loaded on that chart to work with...
Here's the thing... the current value for that number is exactly 3112... one pip off from yesterdays IBfx LOD.
As amazing as that is I have no idea where the thing came from. I do have that number floating a'rd on some lower TF's on some older charts but not the higher ones. I used to call it the Bemac...
If you refer to the level 3101 , posted yesterday in our thread,
then it must be said that the value comes from a GANN study and not by a MM.
The best thing that can happen to you is to find out where you're wrong.
- #81,708
- Mar 31, 2009 3:58pm Mar 31, 2009 3:58pm
Off to Spain 17th June or something similar only for a week sadly go every year nice place, nice beaches and topless woman
- #81,710
- Mar 31, 2009 4:01pm Mar 31, 2009 4:01pm
- Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts
- #81,712
- Mar 31, 2009 5:16pm Mar 31, 2009 5:16pm
- Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts
current technical/fundamental analysis
not much to say really....we are ranging as expected due to end of the month...and waiting for the g-20 meeting to come 2 days from now.
the swing high of the range is 1.3425 (mega support that was broken which should be strong resistance now)
the swing low is 1.3130 (the final resistance that was broken following the feds buying treasuries announcement which is acting as strong support now)
in between the swing high and swing low we have developed in the past 2 days some temporary S/R levels (black lines).
the downtrend started at the high is still intact (red trendlines)
methods of play until swing high or swing low is broken (for me)...scalping off the S/R levels developed recently.
bias..neutral...we are at a crossroads here...a hard break below 1.3000 can be considered the return of a bear market while a hard break above 1.3425 would most likely bring the bulls back into play.
the whole world is waiting for g-20...this is no time for long term position plays in my opinion as we could go either way....we should have a clear sense of direction after their meeting
Good pipping all
not much to say really....we are ranging as expected due to end of the month...and waiting for the g-20 meeting to come 2 days from now.
the swing high of the range is 1.3425 (mega support that was broken which should be strong resistance now)
the swing low is 1.3130 (the final resistance that was broken following the feds buying treasuries announcement which is acting as strong support now)
in between the swing high and swing low we have developed in the past 2 days some temporary S/R levels (black lines).
the downtrend started at the high is still intact (red trendlines)
methods of play until swing high or swing low is broken (for me)...scalping off the S/R levels developed recently.
bias..neutral...we are at a crossroads here...a hard break below 1.3000 can be considered the return of a bear market while a hard break above 1.3425 would most likely bring the bulls back into play.
the whole world is waiting for g-20...this is no time for long term position plays in my opinion as we could go either way....we should have a clear sense of direction after their meeting
Good pipping all
Different opinions highly valued, ignorant to slander.
- #81,713
- Mar 31, 2009 5:18pm Mar 31, 2009 5:18pm
- Joined Apr 2007 | Status: RCMM (Risk Analysis Money Manager) | 2,556 Posts
current technical/fundamental analysis
not much to say really....we are ranging as expected due to end of the month...and waiting for the g-20 meeting to come 2 days from now.
the swing high of the range is 1.3425 (mega support that was broken which should be strong resistance now)
the swing low is 1.3130 (the final resistance that was broken following the feds buying treasuries announcement which is acting as strong support now)
in between the swing high and swing low we have developed in the past 2 days some temporary S/R levels (black lines)....
I don't expect big surprises before g20... but ranging...
time for scalping!
- #81,714
- Mar 31, 2009 5:25pm Mar 31, 2009 5:25pm
- Joined Oct 2007 | Status: Pip Seer | 1,299 Posts
Agree
I don't expect big surprises before g20... but ranging...
time for scalping!
Pip what you see; See what you pip!
- #81,716
- Mar 31, 2009 5:53pm Mar 31, 2009 5:53pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #81,717
- Mar 31, 2009 6:01pm Mar 31, 2009 6:01pm
- | Joined Oct 2008 | Status: Behaviour changes often | 1,170 Posts
North Korea launched a nuke to Japan 
Traders are smartasses
- #81,718
- Mar 31, 2009 6:01pm Mar 31, 2009 6:01pm
- Joined Apr 2007 | Status: RCMM (Risk Analysis Money Manager) | 2,556 Posts
yup -
looking at the calendar again..... maybe not....
I see a lot of red news.... and g20.... maybe the best thing is to turn off the trading station and return on monday fresh after a vacation time
- #81,719
- Mar 31, 2009 6:02pm Mar 31, 2009 6:02pm
- Joined Apr 2007 | Status: RCMM (Risk Analysis Money Manager) | 2,556 Posts
North Korea launched a nuke to Japan
- #81,720
- Mar 31, 2009 6:05pm Mar 31, 2009 6:05pm
- Joined Oct 2007 | Status: Pip Seer | 1,299 Posts
mmmm
looking at the calendar again..... maybe not....
I see a lot of red news.... and g20.... maybe the best thing is to turn off the trading station and return on monday fresh after a vacation time
Pip what you see; See what you pip!