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  • #99,801
  • May 24, 2009 4:31am May 24, 2009 4:31am
Quoting KillerWhale
Do you have a reason? can you post a chart that covers your idea? I mean ideas don't mean anything unless you have a solid reason.
If there is nothing more than an idea then don't post it. Then it's worthless for all of us.
due to light volumes on monday we could see pump and dump moves, that's why I see stops being hit on both sides before continuation of the uptrend, whose final target might be 1,45 - 1,46 (138,2% projection from the recent lows at 1,2456).

The main reason why I think is going up more before falling back, is that in the last week equities have paused and Euro gained even more strenght.
Only thing that could stop it is a strong reverse in equities, which indeed will go up more, and more aggresively in the two coming weeks I think.
  • #99,802
  • May 24, 2009 4:35am May 24, 2009 4:35am
Quoting gatorinla
i think i know how you got your high.. i tend to agree.. though im telling all no to trade it.. ill assume i know how you got yours.. and you know how i got mine..
if you talk about mondays high, I just suppose that some stops will be hit before retracing
if you talk about the final target, upside of the current rise from 1.2456 should face strong resistance between 100% projection of 1.2456 to 1.3737 from 1.2884 at 1.4165 and 138.2% projection at 1.4654 before making a reversal.
  • #99,803
  • May 24, 2009 4:36am May 24, 2009 4:36am
hi boys
i think that now we are in the third wave in daily,so we can reach at least the 1.42-43 level in the next week after a little retracement.
this is my chart in h4 for the week.
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  • #99,804
  • May 24, 2009 4:38am May 24, 2009 4:38am
let me throw another log on fire.. if euro is so strong why did eg end up 100 pips lower for the week? when gbp has rating problems? look at ea or es...the euro is not as tough as made to believe..bill gross of pimco killed dollar.. but its all should be priced in by mon or tuesday..if not already.. equitys are fragile... u may see a reversal..
those who can, do. those who cant, talk about those who can
  • #99,805
  • May 24, 2009 4:38am May 24, 2009 4:38am
Quoting gatorinla
ok for simple minded people only..just something im kicking around dont trade it...

good luck all and good pippinn.. to the guys looking for students sign me up.. im always interested in learning..

My type of post. Since it opens up many avenues to explore! Thanks
  • #99,806
  • May 24, 2009 4:41am May 24, 2009 4:41am
Quoting fammira
if you talk about mondays high, I just suppose that some stops will be hit before retracing
if you talk about the final target, upside of the current rise from 1.2456 should face strong resistance between 100% projection of 1.2456 to 1.3737 from 1.2884 at 1.4165 and 138.2% projection at 1.4654 before making a reversal.

Make sense to me, but I there is a chance that those stops have already been hit.
  • #99,807
  • May 24, 2009 4:41am May 24, 2009 4:41am
Quoting gatorinla
let me throw another log on fire.. if euro is so strong why did eg end up 100 pips lower for the week? when gbp has rating problems? look at ea or es...the euro is not as tough as made to believe..bill gross of pimco killed dollar.. but its all should be priced in by mon or tuesday..if not already
maybe you forgot to say that USD is the weakest of the three at the moment...

and I am out of any suspect since I am short EURUSD at 1,3927 waiting for a retracement that has not arrived yet....;(
  • #99,808
  • May 24, 2009 4:43am May 24, 2009 4:43am
Quoting fammira
due to light volumes on monday we could see pump and dump moves, that's why I see stops being hit on both sides before continuation of the uptrend, whose final target might be 1,45 - 1,46 (138,2% projection from the recent lows at 1,2456).

The main reason why I think is going up more before falling back, is that in the last week equities have paused and Euro gained even more strenght.
Only thing that could stop it is a strong reverse in equities, which indeed will go up more, and more aggresively in the two coming weeks I think.
Thank you for your reply, my bias is obviously down but I've learned to adapt quickly when things change.
I won't be surprised by anything that will happen in the coming week.
I'll be watching closely and react appropriately.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #99,809
  • May 24, 2009 4:43am May 24, 2009 4:43am
Yet another food for thought:
Make your own road. Make your own top / bottom. Make your own r/r.

How?

Drop an egg behind every resistance PA breaks. Let them hatch. When PA returns back and hits the eggs, start counting your chickens.

PA sooner or later has to return, and if it does, will be from a top, isn't it? If it does not retrun, egg is an egg - brokers don't charge for putting and cancelling an order.
The Thief of Wall Street
  • #99,810
  • May 24, 2009 4:47am May 24, 2009 4:47am
Quoting Chicky
Yet another food for thought:
Make your own road. Make your own top / bottom. Make your own r/r.

How?

Drop an egg behind every resistance PA breaks. Let them hatch. When PA returns back and hits the eggs, start counting your chickens.

PA sooner or later has to return, and if it does, will be from a top, isn't it? If it does not retrun, egg is an egg - brokers don't charge for putting and cancelling an order.
Interesting. By egg do you mean ellipse?
  • #99,811
  • May 24, 2009 4:52am May 24, 2009 4:52am
Quoting fammira
maybe you forgot to say that USD is the weakest of the three at the moment...

and I am out of any suspect since I am short EURUSD at 1,3927 waiting for a retracement that has not arrived yet....;(
me 2... if you look at the ex its down since april also... ux is too.. euro is just runner up to last placed dollar..equitys will corolate soon again once the dust settles..bad rating news should hurt dollar sure.. but remember we import more from e-z then we sell them.. we are their number one purchaser to ez along with cad china japan ect. if we aint buying they are not selling..weaker dollar kills economies that export to u.s. they want u.s. to buy.. we still dont have any good job news.. so we buy less and save more..the trick is timing..
those who can, do. those who cant, talk about those who can
  • #99,812
  • May 24, 2009 4:54am May 24, 2009 4:54am
Quoting fammira
maybe you forgot to say that USD is the weakest of the three at the moment...

and I am out of any suspect since I am short EURUSD at 1,3927 waiting for a retracement that has not arrived yet....;(
I don't understand.
You are expecting to go higher when you have shorts @ 1.3927?
Don't you wanna close those shorts because you think you're going to have a 500 pip draw down or so?
Just trying to understand. I'm short around 1.40
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  • #99,813
  • May 24, 2009 5:02am May 24, 2009 5:02am
Quoting notch
Interesting. By egg do you mean ellipse?
Entry Order.

I tried it, but failed few months ago. Because I am still not very good at using technical tools.
The Thief of Wall Street
  • #99,814
  • May 24, 2009 5:08am May 24, 2009 5:08am
Quoting Chicky
Yet another food for thought:
Make your own road. Make your own top / bottom. Make your own r/r.

How?

Drop an egg behind every resistance PA breaks. Let them hatch. When PA returns back and hits the eggs, start counting your chickens.

PA sooner or later has to return, and if it does, will be from a top, isn't it? If it does not retrun, egg is an egg - brokers don't charge for putting and cancelling an order.
my shorts are baby ones.. if we get above 4240 the 100wk ma i will close them.. the 200 daily is well below where we r now.. 3257.. so is the 5, 10 20 30 50 75 100 150 300..not a good reason alone since the smaller ones have crossed the larger.. but im already in..
those who can, do. those who cant, talk about those who can
  • #99,815
  • Edited 5:22am May 24, 2009 5:10am | Edited 5:22am
Quoting Chicky
Entry Order.

I tried it, but failed few months ago. Because I am still not very good at using technical tools.

It strange how posts can get the creative process flowing. I think you may have caused me to stumbled onto something. I'm just doing some charting and will post it in a moment. (forget it, I can't get the scaling right)

But in the mean time does the trend line break on the 1 hour chart account for much?
  • #99,816
  • May 24, 2009 5:11am May 24, 2009 5:11am
Quoting Chicky
Yet another food for thought:
Make your own road. Make your own top / bottom. Make your own r/r.

How?

Drop an egg behind every resistance PA breaks. Let them hatch. When PA returns back and hits the eggs, start counting your chickens.

PA sooner or later has to return, and if it does, will be from a top, isn't it? If it does not retrun, egg is an egg - brokers don't charge for putting and cancelling an order.
LOLZ, I've tried that a couple of times, it's the Jacko thing.
Sometimes it works, sometimes not.
In my experience, when I play small, it works. When I play big, it doesn't work.
But maybe I don't have enough patience?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #99,817
  • May 24, 2009 5:14am May 24, 2009 5:14am
Quoting KillerWhale
LOLZ, I've tried that a couple of times, it's the Jacko thing.
Sometimes it works, sometimes not.
In my experience, when I play small, it works. When I play big, it doesn't work.
But maybe I don't have enough patience.
i know one thing that works i learned the hard way.. use the same percentage of sl divide by pips no matter what... with proper r/r.. this way you dont have big losses..
those who can, do. those who cant, talk about those who can
  • #99,818
  • May 24, 2009 5:19am May 24, 2009 5:19am
Quoting KillerWhale
I don't understand.
You are expecting to go higher when you have shorts @ 1.3927?
Don't you wanna close those shorts because you think you're going to have a 500 pip draw down or so?
Just trying to understand. I'm short around 1.40
yes, I was expecting a stronger and fast retracement, now I believe there will be a small one on monday and I am looking to close and reverse to long as low as possible...
  • #99,819
  • May 24, 2009 5:20am May 24, 2009 5:20am
Quoting gatorinla
my shorts are baby ones.. if we get above 4240 the 100wk ma i will close them.. the 200 daily is well below where we r now.. 3257.. so is the 5, 10 20 30 50 75 100 150 300..not a good reason alone since the smaller ones have crossed the larger.. but im already in..
Same here. I will be closing my shorts at each level but re-opening even more number of shorts at each next level up and on first sign of retrace. Will be selling both legs of ^. But would not go long before market shows a decent retrace. I have crossed point of no return. Any deviation from plan now will be disasterous. Can sustain upto 1.5900
The Thief of Wall Street
  • #99,820
  • May 24, 2009 5:22am May 24, 2009 5:22am
Quoting fammira
yes, I was expecting a stronger retracement, now I believe there will be a small one on monday and I am looking to close and reverse to long
I hope the small one will fit my ideas. For the rest I agree with you.
Close and see where it goes.
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