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  • #89,421
  • Apr 26, 2009 2:08pm Apr 26, 2009 2:08pm
Quoting Jay Walker
Trading801, we hardly knew ye. Your 500 weekend pip gaps will be missed. But you will be remembered forever.
ah - such fine recent memories indeed.
Pip what you see; See what you pip!
  • #89,422
  • Apr 26, 2009 2:13pm Apr 26, 2009 2:13pm
Quoting Jay Walker
Trading801, we hardly knew ye. Your 500 weekend pip gaps will be missed. But you will be remembered forever.
Just what did he do? I skip pages at a time when I'm at work, so I spend all of my time out of the loop.
  • #89,423
  • Apr 26, 2009 2:16pm Apr 26, 2009 2:16pm
Quoting knuckledrag
Just what did he do? I skip pages at a time when I'm at work, so I spend all of my time out of the loop.
Two things.

He had a link to a blog. That's not a problem. But he had a paypal tipjar which is what I believe triggered his ban. (Don't hold me to that, it's just my theory)

Last weekend, he "predicted" a 500 pip gap. He must have used the most unreliable data provider in the world.
Not all sins are created equal
  • #89,424
  • Apr 26, 2009 2:36pm Apr 26, 2009 2:36pm
Quoting Jay Walker
Two things.

He had a link to a blog. That's not a problem. But he had a paypal tipjar which is what I believe triggered his ban. (Don't hold me to that, it's just my theory)

Last weekend, he "predicted" a 500 pip gap. He must have used the most unreliable data provider in the world.
did he get any tips for that one

Really sorry to hear that maybe we can get someone else to scare all the really new trader with weekend gaps. Appreciate the info
  • #89,425
  • Apr 26, 2009 2:42pm Apr 26, 2009 2:42pm
Quoting knuckledrag
did he get any tips for that one

Really sorry to hear that maybe we can get someone else to scare all the really new trader with weekend gaps. Appreciate the info
I wouldn't mind but too many people don't get my sarcasm and would think I'm serious
Not all sins are created equal
  • #89,426
  • Apr 26, 2009 2:46pm Apr 26, 2009 2:46pm
Well this weeks close could spell the end of the dollars strong trend in place for a few months against the Euro. Fridays close above resistance at the 1.31 level invalidates the breakout from the pennant from the week before. Taking a look at the daily chart we see that we are currently nearing the top of a descending channel at 1.3350 and that we are still in a consolidationg pennat formation. A break out of this pennant will determine the direction of this pair.

Taking a look at the weekly chart we have a longer term downtrending line that makes up the top of the descending trendline currently at about the 1.34 level. A significant weekly close above that level would signal the end of the downtrend in this pair and signal a move towards 1.47-50. Therefore, this week is a pivotal week. This could either be the end of the strong trend for the dollar or a continuation of what we have seen. If we get a bounce off resistance I would expect the pair to head back down to first the 1.29 level and then on towards 1.27 support.

We have quite a bit of data out this week and this weeks movements will be dependent upon such things.

I wouldn't be surprised to see a bounce off of resistance and things staying in this weekly consolidation pattern as analysts and traders change their mind on the direction of this pair every week which usually evinces indecision and consolidation. We have a weak U.S. economy and a weak Eurozone. Sentiment in the Euro was trending down as a result of the market fearing the ECB was not properly handling the recession and divided. Take your pick. Therefore, we will look to technicals.

So in short, I am currently long targeting 1.3350 resistance. A break of 1.34 and will target 1.47-1.5. If we get a bounce off of the resistance level, depending on the fundamental environment at that time, I may look to go short and target 1.29 initially.
Attached Thumbnailshttp://www.forexfactory.com/attachme...1&d=1240782169 http://www.forexfactory.com/attachme...1&d=1240782201
  • #89,427
  • Apr 26, 2009 2:52pm Apr 26, 2009 2:52pm
Quoting Jay Walker
I wouldn't mind but too many people don't get my sarcasm and would think I'm serious
You mean your not always serious? By the way I'm still cooking ribs, but I'm afraid this thing is going south soon. Still got your hat?
  • #89,428
  • Apr 26, 2009 3:25pm Apr 26, 2009 3:25pm
H4 says down, but Daily is pretty bullish, it has crossed back into 55 MA - I am not shorting it here at this point.

I could be buying into USD-YEN. Dont like the daily on that either, but better risk.



Quoting knuckledrag
You mean your not always serious? By the way I'm still cooking ribs, but I'm afraid this thing is going south soon. Still got your hat?
Its all in the mind.
  • #89,429
  • Apr 26, 2009 3:31pm Apr 26, 2009 3:31pm
Quoting 5abi
H4 says down, but Daily is pretty bullish, it has crossed back into 55 MA - I am not shorting it here at this point.

I could be buying into USD-YEN. Dont like the daily on that either, but better risk.
Have you apologized to Cobra yet?
  • #89,430
  • Apr 26, 2009 3:35pm Apr 26, 2009 3:35pm
no and how is this in reference to my post??



Quoting knuckledrag
Have you apologized to Cobra yet?
Its all in the mind.
  • #89,431
  • Apr 26, 2009 3:38pm Apr 26, 2009 3:38pm
Quoting 5abi
no and how is this in reference to my post??

Back on the ignore list
  • #89,432
  • Apr 26, 2009 3:40pm Apr 26, 2009 3:40pm



Quoting knuckledrag
Back on the ignore list
Its all in the mind.
  • #89,433
  • Apr 26, 2009 4:16pm Apr 26, 2009 4:16pm
You been being a bad lad again 5abi
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #89,434
  • Apr 26, 2009 4:24pm Apr 26, 2009 4:24pm
Quoting Turveyd
You been being a bad lad again 5abi

Nah, on the contrary just being a "friendo" lol..lil harder to gel in aint it??

Inserted Video




PS- Did ya jump threads or what, I hope MParker thread is helpful!
Its all in the mind.
  • #89,435
  • Apr 26, 2009 4:28pm Apr 26, 2009 4:28pm
Quoting 5abi
Nah, on the contrary just being a "friendo" lol..lil harder to gel in aint it??

http://www.youtube.com/watch?v=nclLTrw8EAk



PS- Did ya jump threads or what, I hope MParker thread is helpful!

I stopped trading the Euro thats all, upon realising it hates me and my Euro trades are running at a huge loss this year, where as GU was up nicely doh!!

Trading from a 2EMA line, rather than Candles is nice easier to read so does me.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #89,436
  • Apr 26, 2009 4:30pm Apr 26, 2009 4:30pm
2 EMAS and GU, aha, what time frame you use? Am guessing a M1??

After EU, GU is my second staple, though I find it a little more volatile.


Quoting Turveyd
I stopped trading the Euro thats all, upon realising it hates me and my Euro trades are running at a huge loss this year, where as GU was up nicely doh!!

Trading from a 2EMA line, rather than Candles is nice easier to read so does me.
Its all in the mind.
  • #89,437
  • Apr 26, 2009 4:41pm Apr 26, 2009 4:41pm
Any buyers here on its way to 140.00
  • #89,438
  • Apr 26, 2009 4:42pm Apr 26, 2009 4:42pm
Quoting 5abi
2 EMAS and GU, aha, what time frame you use? Am guessing a M1??

After EU, GU is my second staple, though I find it a little more volatile.

Well trading, 2EMA and 10SMA crosses, yes M1 and making the candles invisible so trading based on the 2EMA, reduces the noise / stress nicely.

Check out EJ if you like Trend machines!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #89,439
  • Apr 26, 2009 5:25pm Apr 26, 2009 5:25pm
I'm short right now,
Are you or are you OUT?
  • #89,440
  • Apr 26, 2009 5:45pm Apr 26, 2009 5:45pm
Quoting merouane
I'm short right now,
no offence but What The F@ck. you've been on FF since 2005 and you sill don't wait for pullbacks? sorry I don't get any plan here.
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