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  • #82,801
  • Apr 2, 2009 11:52am Apr 2, 2009 11:52am
LOL...well I'm out until one of two things happens, I invent a forward looking crystal ball or a backward moving time machine.

For a new wanna be trader like me, in these conditions, I think flipping a coin would be as good a system as any...LOL
Ghost Rider - WWTBMD?
  • #82,802
  • Apr 2, 2009 11:53am Apr 2, 2009 11:53am
Quoting F.x.
Careful w/ longs, I expect a rebound @ 1.354 if not sooner. Lines still intact on my updated chart.
you mean 3450 right


I am thinking same too but really everything is broken makes me think its hard to reach that figure soon.

my fib 61 was at 35 and usually when it breaks any line it means we are gonna penetrate through sooner or later
I SEE YOU !!
  • #82,803
  • Apr 2, 2009 11:55am Apr 2, 2009 11:55am
Quoting dbfusion
you mean 3450 right


I am thinking same too but really everything is broken makes me think its hard to reach that figure soon.

my fib 61 was at 35 and usually when it breaks any line it means we are gonna penetrate through sooner or later
Sorry I read that wrong. No 354 (or 3545) is what I have. One sec I'll post my chart...



I just opened a short @ 3513. I was supposed to be done for the day, but I couldn't help taking that one...
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  • #82,804
  • Apr 2, 2009 11:58am Apr 2, 2009 11:58am
Quoting F.x.
Sorry I read that wrong. No 354 (or 3545) is what I have. One sec I'll post my chart...



I just opened a short @ 3513. I was supposed to be done for the day, but I couldn't help taking that one...
I wish you luck with that short

we didn't reach 3545 yet
I SEE YOU !!
  • #82,805
  • Apr 2, 2009 11:59am Apr 2, 2009 11:59am
short at 1.3450 and hoping bulls run out steam just about now
Some drink at the fountain of knowledge. Others just gargle !
  • #82,806
  • Apr 2, 2009 12:03pm Apr 2, 2009 12:03pm
Quoting dbfusion
I wish you luck with that short

Thanks. SL moved to positive and hunted (for pips, so fine by me.)
  • #82,807
  • Apr 2, 2009 12:04pm Apr 2, 2009 12:04pm
now i know what you mean


but i tried to draw that line on my chart it didn't work out the peaks are not at same line , I don't know how they are on your chart

if it reached now 3470 might go long

I think we are gonna go back to prices of last week
I SEE YOU !!
  • #82,808
  • Apr 2, 2009 12:06pm Apr 2, 2009 12:06pm
short 3490 30sl35ts
  • #82,809
  • Apr 2, 2009 12:07pm Apr 2, 2009 12:07pm
Quoting paulw6182
short 3490 30sl35ts
wish you luck
I SEE YOU !!
  • #82,810
  • Apr 2, 2009 12:09pm Apr 2, 2009 12:09pm
Seems like the upper wall was just penetrated, i would stay away from shorts as its still a bull market. Congrats to 'boredtoolose' for calling this move last night.
  • #82,811
  • Apr 2, 2009 12:11pm Apr 2, 2009 12:11pm
it made 1 laousy pip
  • #82,812
  • Apr 2, 2009 12:11pm Apr 2, 2009 12:11pm
no shorts for me
waiting 3470 for entry long , doesn't seem coming now
I SEE YOU !!
  • #82,813
  • Apr 2, 2009 12:11pm Apr 2, 2009 12:11pm
Meeting over...???
  • #82,814
  • Edited 12:29pm Apr 2, 2009 12:13pm | Edited 12:29pm
Wow, some of the threads sound like chat rooms for a 7th grade class on Red Bull...

Large Forces... gotta respect them. Eveybody still got their knickers?

Pondering the days apparent stalling point; is it fixing to drop a Shoe, or light the Second Stage?

Yellow lines are obvious R levels, clearing one pretty much clears the way to the next one. The dotted green line is a 20-40 pip wide zone or thereabouts with 3660 being the quite precise center of it.

Previous high and upper fib anchor at 3740ish is the Threshold to cross for the upper gold band, 123% Extension, and the Uppper Daily BB. Wouldn't expect it this week necessarily, but.... remember the Large Forces.

Shorts or Longs either way are in order depending on your Bent, as you'll not be able to get such Tight SL's anywhere else except this current stall at the 3500 figure for awhile. It's SO Tempting to Stay and Play... but I am out and about for a reason.

That said, I do have a medium trade in with one of those tight SL's from 3503, but to Each His Own today and I'll keep my own Counsel for now.

Methinks the End of the Week will have Sorted all of us out soon enough.
Attached Image
FUBAR...
  • #82,815
  • Apr 2, 2009 12:23pm Apr 2, 2009 12:23pm
Quoting paulw6182
it made 1 laousy pip
lol same here...i started shorting in the 80s...shorted all the way til 1.35. told myself it comes back from 1.3510 to break even for all of my units i'll sell. ended up making 1 pip overall. ended up having way too much invested (bad mm) so it seemed like the logical thing to do. would have made 20 pips if I had not covered though but no regrets
  • #82,816
  • Apr 2, 2009 12:25pm Apr 2, 2009 12:25pm
Quoting albchr
...For a new wanna be trader like me, in these conditions, I think flipping a coin would be as good a system as any...LOL
Your Other Choice is put the coin back in your pocket and hang on to it...

There is a thing I call "The Tyranny of the Trade" and It will do you in. It's OK to watch, take notes and demo your thoughts, then you learn what to file away for Future Reference and what to Discard.

Make sure you know which way the Grain is running in this thing before you cut. Measure twice, cut... well you know the answer to that one.
FUBAR...
  • #82,817
  • Apr 2, 2009 12:26pm Apr 2, 2009 12:26pm
Quoting g5ricky
lol same here...i started shorting in the 80s...shorted all the way til 1.35. told myself it comes back from 1.3510 to break even for all of my units i'll sell. ended up making 1 pip overall. ended up having way too much invested (bad mm) so it seemed like the logical thing to do. would have made 20 pips if I had not sold though but no regrets

You might try dumping most of them but leaving part of your best position open.
  • #82,818
  • Apr 2, 2009 12:41pm Apr 2, 2009 12:41pm
Quoting ak4x
Wow, some of the threads sound like chat rooms for a 7th grade class on Red Bull...
So actually it is the same as here most of the time?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #82,819
  • Apr 2, 2009 12:48pm Apr 2, 2009 12:48pm
http://www.bloomberg.com/avp/avp.htm...Q6.Dc03xzM.asf#
  • #82,820
  • Apr 2, 2009 12:49pm Apr 2, 2009 12:49pm
Kathy Lien:

"ECB President Trichet does it once again. He has under delivered and postponed the inevitable. This morning, the central bank cut interest rates by only 25bp to 1.25 percent instead of the widely expected 50bp cut, sending the Euro through the roof".
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