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  • #99,201
  • May 22, 2009 1:35am May 22, 2009 1:35am
Notch Cycle has just cross above zero. I'll only consider long opportunities.
  • #99,202
  • May 22, 2009 1:37am May 22, 2009 1:37am
Quoting Chicky
Thanks Forexer83

I have plans to keep on shorting it all the way upto 1.5900 until it shows me a decent retrace. I would be bankrupt if it gets to 1.6000 without a decent retrace, otherwise would have continued this selling spree
...perfect!
about me we can arrive at 1.41-42 the next week
  • #99,203
  • May 22, 2009 1:39am May 22, 2009 1:39am
R1 1.3975 near
  • #99,204
  • May 22, 2009 1:39am May 22, 2009 1:39am
evelator up starting? *hits button for 1.3993
  • #99,205
  • May 22, 2009 1:40am May 22, 2009 1:40am
Quoting 99vt66
Very good question.

Different ppl use different technique/indicators/markers/etc to form a kind of road map trying to build a reliable navigational perceptions/aids to help them 'see' the path of the PA which is likely to take.

I personally use simple technical indicators like rsi,stoch.mas.bb and fib for entry/exit/sl with 15/60/240/daily tf charts to plot and track the PA movement and also its momentum including its s/t and m/t trends.

Knowledge of usage and applications of the different technical indicators vis a vis currency pairs,markets...
Thanks a lot 99vt66. I am still learning, but would say this is one the most sensible post I have ever read on any trading forum. I got you 100%. This is what I always felt missing in charts posted here, but not all the charts. Some people share charts that also indicate economic factors in addition to "technicals". Personal characteristics is of course a major part how to use that knowledge with skill. Thank again 99v66.
The Thief of Wall Street
  • #99,206
  • May 22, 2009 1:41am May 22, 2009 1:41am
While I can't trade short at the moment, I think it is crash time.
  • #99,207
  • May 22, 2009 1:47am May 22, 2009 1:47am
Quoting notch
Notch Cycle has just cross above zero. I'll only consider long opportunities.
Maybe you could either

1 Explain that cycle in detail, or
2 Don't mention it anymore?

Whatever you like to choose.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #99,208
  • May 22, 2009 1:49am May 22, 2009 1:49am
Quoting gatorinla
pending short 3967... will sell more positions on the way up..longer term trade
Wouldn't eurusd be aiming 1.4300 in the long term?

To me as long as we are abovbe 1.3750, we are in a band between 1.3750-1.4300
  • #99,209
  • May 22, 2009 1:49am May 22, 2009 1:49am
Quoting trading801
evelator up starting? *hits button for 1.3993
I'll drop you off there on my way up to 4065ish...

...from my post on the 12th my 1st TP 4050/70
http://www.forexfactory.com/showpost...ostcount=95158

Quoting GrnEydGuy
#1) We've seen a breakout above the TL extending from July 08 high to Dec 08 High. If this is a true breakout it is probable that PA will return to test the breakout in the 1.3450 neighborhood, which is also the 200 MA area, before lurching upwards into the top Gray zone with my 1st TP of around 1.4050/70, 2nd TP (solid blue line) near the 23.6 fib ('02 low to '08 high) and horizontal resistance of ~1.4250/80.
  • #99,210
  • May 22, 2009 1:50am May 22, 2009 1:50am
Quoting KillerWhale
Maybe you could either

1 Explain that cycle in detail, or
2 Don't mention it anymore?

Whatever you like to choose.

I really don't have a problem not mentioning it anymore (I really could be doing otherthings with my time) but I'm not sure if the other traders here would agree with you. I'm not explaining anything in detail. If my posts bug you please put me on ignore.
  • #99,211
  • May 22, 2009 1:53am May 22, 2009 1:53am
Quoting notch
While I can't trade short at the moment, I think it is crash time.

Hi Notch,
Why do you think its crash time?
  • #99,212
  • May 22, 2009 1:54am May 22, 2009 1:54am
Quoting Moolaa
Hi Notch,
Why do you think its crash time?

Because it has completed a symmetrical 5 wave elliot move.
  • #99,213
  • May 22, 2009 1:56am May 22, 2009 1:56am
Quoting notch
Because it has completed a symmetrical 5 wave elliot move.

Thank You...
  • #99,214
  • May 22, 2009 1:59am May 22, 2009 1:59am
Quoting trading801
thank you.. my elevator has 50 pips SL to cushion my not so perfect entries.. however if it hits SL then i will know my call was a VERY TERRIBLE one
That was good move. But don't expect too much from this pa on upside. Trader fatigue will sooner or later play its role. There is always saturtion and profit taking at a given point of time and at given levels. This is how markets work.
The Thief of Wall Street
  • #99,215
  • May 22, 2009 2:00am May 22, 2009 2:00am
Quoting notch
Because it has completed a symmetrical 5 wave elliot move.
Logically (if you can apply it to fx) : This will be a long weekend. Monday both UK & US markets are closed. Traders would most likely be taking profits today.
Notch, please go on with the signals of your indicator. Thanks for your time.
  • #99,216
  • Edited 2:06am May 22, 2009 2:04am | Edited 2:06am
I shouldn't be surprised to see this take off to the 1.40xx - 1.41xx and perhaps beyond. I also wouldn't be suprised to see it drop as low as 1.3550 over the next few hours, when I'm asleep. My preference is to go long, so I took a long at 1.3945 and a short (pending) at 1.3895, so we shall see!!

Now I'm going outside for a ciggie, and when I return, perhaps there will be some movement....or not!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #99,217
  • May 22, 2009 2:04am May 22, 2009 2:04am
Quoting notch
Because it has completed a symmetrical 5 wave elliot move.
Notch,
You said crash, mean down or up?
  • #99,218
  • May 22, 2009 2:08am May 22, 2009 2:08am
A little mistake turns to good luck.
My first trade of the day, and I traded the GU in error instead of EU. Shit happens somethings.
Didn't notice until I went to close the trade. Was showing a loss instead of a profit. What do I do. My experience told me to close immediately regardless. What I did: I pulled up a quick short term chart, placed a track that embraced recent price movement (took only 1 minute), and voila. Kept the trade open and within a minute it gave me 24 pips. Closed out and feeling a little lucky.
  • #99,219
  • May 22, 2009 2:11am May 22, 2009 2:11am
Quoting Atlast
A little mistake turns to good luck.
My first trade of the day, and I traded the GU in error instead of EU. Shit happens somethings.
Didn't notice until I went to close the trade. Was showing a loss instead of a profit. What do I do. My experience told me to close immediately regardless. What I did: I pulled up a quick short term chart, placed a track that embraced recent price movement (took only 1 minute), and voila. Kept the trade open and within a minute it gave me 24 pips. Closed out and feeling a little lucky.
You're another guy whose posts I read intently. Good things to say. Thanks.
Up or down, gimme a ticket
  • #99,220
  • May 22, 2009 2:12am May 22, 2009 2:12am
Quoting SpecialEd
Hello all,

I don't post much. I am still trying to become proficient (read that - make significant money!) at trading. Shamu, I like your posts, but I also like Notch's, for these reasons:
1. He doesn't take much room - he's concise.
2. He's right a majority of the time.
3. This is a free forum.

My take? Quit complaining about trivial stuff and either use what you see or put him on ignore. I for one see everything he posts.

Thanks Notch. Had to speak up.

Thank you. It's actually annoying when I'm attempting to be genuinely altruistic to be given so much grief over helping others. There is no ulterior motive, some people feel the need to help others. Maybe, it's because this trading journey has been a long and - frankly - very painful journey. Where I can I'd like to share new and old methods that I have developed over the years. Naturally, I'm not going to share the intellectual property...who would? Hopefully, in time, we can all work together to dramatically exploit the dealer just like they exploit the noob (is that the motive?).

i don't have the holy grail, I post and you do with it what you want.
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