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  • #86,081
  • Apr 15, 2009 9:11pm Apr 15, 2009 9:11pm
09Q1 GDP rise by 6.1%, down from 08Q4 6.8% and 08Q1 10%+

Quoting billye
china will announce 2009 Q1 GDP and economic data in a news conference starting 1hr later.

expectation is 2009 Q1 vs 2008 Q1 everthing has sharp decline
except money lending increase significantly
(yuan locks usd so more money is printed same time as Fed prints money)

2009 Q1 vs 2008 Q4 the decline speed is slowing down

the media is building an expectation that the slowing down drop has indicated that economy has bottomed and will recover. (why it is not testing a resistance level?)

some crazy money is trying to rush on this announcement....
  • #86,082
  • Apr 15, 2009 9:12pm Apr 15, 2009 9:12pm
Quoting millionaire7
China gdp numbers caused this?
Could be. My news provider disseminated this news about 7 mins ago which is probably a few mins after it came out.
  • #86,083
  • Apr 15, 2009 9:13pm Apr 15, 2009 9:13pm
I am such a wuss...should have held onto that position...great entry based on my technical reasons. It is as they say...no guts no glory...clearly no glory for me here with only 15pips off this move..ah well.

So....the downwards channel I mentioned earlier is still intact and the upper wall on retest just got a bit bigger (where my entry was). As always..that 1.3225 needs to be decisively broken to consider a move towards 1.3130 and we also need to break this temporary uptrend

Where my next entry will be is...to be determined

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Sidenote: thank you Jay for making it clear...I lost mine
Different opinions highly valued, ignorant to slander.
  • #86,084
  • Apr 15, 2009 9:15pm Apr 15, 2009 9:15pm
Quoting gatorinla
more to love.. my 7 holer.. had to change lens to wider angle..
http://i41.tinypic.com/6f4avq.jpg
Not all sins are created equal
  • #86,085
  • Apr 15, 2009 9:30pm Apr 15, 2009 9:30pm
Quoting ak4x
, but the M3 pivot and the 21sma are 40 pips or so North of current price... not a bad place to reload from....
Nice almost classic Pivot action so far tonite...

A short Break from the Central to a Pivot/QP and then a Run to the other side... then back to the DP for round 2.

And some people hate the Asian session...

How do You spell S1?
Attached Image
FUBAR...
  • #86,086
  • Apr 15, 2009 9:31pm Apr 15, 2009 9:31pm
Short term do whatever you want, but don't take this as the big one. lets see what the retrace looks like hold your shorts and hat IMO. M,Ak,and others may want to let us know what they think---please if your out there.
edit: AK posted first sorry
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  • #86,087
  • Apr 15, 2009 9:35pm Apr 15, 2009 9:35pm
Quoting Jay Walker
http://i41.tinypic.com/6f4avq.jpg
she be great in polar bear country.. keep ak warm all night..
those who can, do. those who cant, talk about those who can
  • #86,088
  • Apr 15, 2009 9:35pm Apr 15, 2009 9:35pm
Hi all,

This pair is currently in a consol 120/120 mode which will rattled and confused most traders as PA is shaping up for a sharp breakout/breakdown
as evident by the narrowing of the hourly BB. I am waiting for a decisive breach on those BB hoping to ride that move. The current level is 13350 and 13160 as it stands now for the next 8hrs... and will evolves as time elapses due to its natural dynamism.

My bias is based on those break if and when it happens. Consol market conditions is not ideal for r/r unless you are going for quick in/out scalp trades.

GL, be patience and trade well.
  • #86,089
  • Apr 15, 2009 9:36pm Apr 15, 2009 9:36pm
How do You spell S1?[/quote]




Thirty one forty seven best of my knowledge
  • #86,090
  • Apr 15, 2009 9:38pm Apr 15, 2009 9:38pm
08Q1 GDP 63475 yuan
08Q4 GDP 92645 yuan
09Q1 GDP 65745 yuan

y2y 3.58% rise
q2q -29%
Quoting billye
news announce 09Q1 GDP rise by 6.1%, down from 08Q4 6.8% and 08Q1 10%+
  • #86,091
  • Apr 15, 2009 9:38pm Apr 15, 2009 9:38pm
Quoting psiholog
Where my next entry will be is...to be determined
This next scenario is a big if. It may happen or it may not, it is something I am looking for right now though and if it does occur...I will definetely ride that down.

We may have a h&s on the 5min chart (yes the 5min chart which means this would complete quickly!)
Chart is self explanatory but note that this is pure speculation at this time as the right shoulder would need to form FIRST

my entry would be either at the right shoulder formation or a break of the neckline if this scenario plays out

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Different opinions highly valued, ignorant to slander.
  • #86,092
  • Apr 15, 2009 9:48pm Apr 15, 2009 9:48pm
I'm back, after 3 days of 18 hours per day filing tax returns for procrastinators. Its hard work but the money is good.
I tried to put in a few small trades the last 2 days but I did everything wrong.
Lost my hat so to speak. Can't concentrate on 2 things the same time i guess. But only small trades.
Now I have to catch up and I've glued my f@#cking hat on my head.
I don't want this to be the first losing WEEK since Oct 26th. Even a BE is fine for this week.

Shamu
New voice message: Why are you calling me? If I need you, I'll call you!
  • #86,093
  • Apr 15, 2009 9:49pm Apr 15, 2009 9:49pm
Quoting Jay Walker
I'd like it to go down and more down ...... with Jessica Alba.
Who doesn't?
  • #86,094
  • Apr 15, 2009 9:57pm Apr 15, 2009 9:57pm
Quoting KillerWhale
small trades...
now I have to catch up and I've glued my f@#cking hat on my head.
I don't want this to be the first losing WEEK since Oct 26th. Even a BE is fine for this week.
just my 1.618 pips but I'd quit now, enjoy the week and not even think about 2 small losing trades as anything that remotely matters...

the alternative could be considerably worse... you don't catch up. that can be worse on your head than your account. have a losing week. get it over with and forget about it. I gaurantee you're the only one keeping up with that stat here.

old cliche... when you find your self in a hole, stop digging. i've added "burn the shovel" as you can always buy another one.

but to each his own. I'll walk away now quicker than I can blink if the occasion calls for it. it wasn't always like that tho.
FUBAR...
  • #86,095
  • Apr 15, 2009 9:58pm Apr 15, 2009 9:58pm
How may of you see a very clear bull flag on daily chart?
Pole from 1.2425 to 1.3725, and
flag from 1.3725 to 1.3085

Or it is just my imagination?
The Thief of Wall Street
  • #86,096
  • Apr 15, 2009 9:59pm Apr 15, 2009 9:59pm
Quoting SunTrader
Who doesn't?
Richard Simmons, George Michael, Barney Frank...the list goes on.
Not all sins are created equal
  • #86,097
  • Apr 15, 2009 10:01pm Apr 15, 2009 10:01pm
Quoting KillerWhale
I'm back, after 3 days of 18 hours per day filing tax returns for procrastinators. Its hard work but the money is good.
I tried to put in a few small trades the last 2 days but I did everything wrong.
Lost my hat so to speak. Can't concentrate on 2 things the same time i guess. But only small trades.
Now I have to catch up and I've glued my f@#cking hat on my head.
I don't want this to be the first losing WEEK since Oct 26th. Even a BE is fine for this week.

Shamu

Sorry to hear about the tax return. It took me almost a week to finish becase I procrastinated. Once I finished, I wished I'd held back from a little while longer. Oh the amount I owed ... I cryed that entire weekend. Image, a grown a*s man sitting in a corner holding and rocking himself, with a salty discharge pouring from his face. Just Pathetic.

  • #86,098
  • Apr 15, 2009 10:01pm Apr 15, 2009 10:01pm
Quoting KillerWhale
I'm back, after 3 days of 18 hours per day filing tax returns for procrastinators. Its hard work but the money is good.
I tried to put in a few small trades the last 2 days but I did everything wrong.
Lost my hat so to speak. Can't concentrate on 2 things the same time i guess. But only small trades.
Now I have to catch up and I've glued my f@#cking hat on my head.
I don't want this to be the first losing WEEK since Oct 26th. Even a BE is fine for this week.
Shamu
Did I ever tell you how much I hate my accountant? Next to my lawyer bean counters are the worst thing in my life
  • #86,099
  • Apr 15, 2009 10:02pm Apr 15, 2009 10:02pm
Quoting Chicky
How may of you see a very clear bull flag on daily chart?
Pole from 1.2425 to 1.3725, and
flag from 1.3725 to 1.3085

Or it is just my imagination?

Nahh, it's a cup&handle
Traders are smartasses
  • #86,100
  • Apr 15, 2009 10:02pm Apr 15, 2009 10:02pm
Quoting ak4x
just my 1.618 pips but I'd quit now, enjoy the week and not even think about 2 small losing trades as anything that remotely matters...

the alternative could be considerably worse... you don't catch up. that can be worse on your head than your account. have a losing week. get it over with and forget about it. I gaurantee you're the only one keeping up with that stat here.

old cliche... when you find your self in a hole, stop digging. i've added "burn the shovel" as you can always buy another one.

but to each his own. I'll walk away...
Thanks you might be right.
But just not trading the rest of the week? Hey I'm addicted. It itches bad when I just stop.
Maybe my doctor has something for that?
New voice message: Why are you calling me? If I need you, I'll call you!
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