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  • #102,181
  • May 28, 2009 8:30am May 28, 2009 8:30am
Quoting notch
How can it be that if the trading day isn't complete?
Meant to add 'is forming' at the end of that statement.
  • #102,182
  • May 28, 2009 8:31am May 28, 2009 8:31am
Quoting WedWed
my chart for now
same conclusion
waiting for an entry
THE CREATOR AND OWNER OF S.N.M "Serve no Master" Trading Stystem
  • #102,183
  • May 28, 2009 8:33am May 28, 2009 8:33am
I am out, and will be out of some of my shorts soon if this do not be at one level I have next Monday.

Long Term Euro will drop, now trying to find out the top is impossible when my lines are not working.

The Last good Markets performance won't last long.
  • #102,184
  • May 28, 2009 8:34am May 28, 2009 8:34am
S&P trying to break 900
  • #102,185
  • May 28, 2009 8:36am May 28, 2009 8:36am
Quoting GastonCorzo
that is exactly what i mean dow will have to go up for dollar to go down !!!! get it i was answering some one about EU at 1.44
your preaching to the choir who lost their voice on theirs knees praying.. at some point somethings gotta give.. they go up in tandem and crash faster holding hands on the way down.. so until then trade what your charts say.. not what you or i think.. what we think dont matter..
those who can, do. those who cant, talk about those who can
  • #102,186
  • May 28, 2009 8:37am May 28, 2009 8:37am
Quoting BoredToLoose
Long Term Euro will drop

People keep talking about the Euro dropping. I hope you guys haven't completely ruled out the possibility that we will never go below the current price ever again. Not saying it's likely, but it's a possibility (especially when you look at the monthly chart...)

I keep seeing posts where people have been "building shorts" since hundreds or even thousands of pips ago... uh... what if we never drop from here??

Just something to consider...
  • #102,187
  • May 28, 2009 8:38am May 28, 2009 8:38am
Quoting stewrigh
Meant to add 'is forming' at the end of that statement.
Sorry. I'm just being picky...call it bear stress.

But the only candlesticks of worth that I can see is the 'Black hanging Man' no racial slur intended and the 'belt hold'. Both bearish and both on the daily chart.
  • #102,188
  • May 28, 2009 8:38am May 28, 2009 8:38am
Quoting gatorinla
your preaching to the choir who lost their voice on theirs knees praying.. at some point somethings gotta give.. they go up in tandem and crash faster holding hands on the way down.. so until then trade what your charts say.. not what you or i think.. what we think dont matter..
and what do my charts said???????????
  • #102,189
  • May 28, 2009 8:40am May 28, 2009 8:40am
Quoting F.x.
People keep talking about the Euro dropping. I hope you guys haven't completely ruled out the possibility that we will never go below the current price ever again. Not saying it's likely, but it's a possibility (especially when you look at the monthly chart...)

I keep seeing posts where people have been "building shorts" since hundreds or even thousands of pips ago... uh... what if we never drop from here??

Just something to consider...

You are absolutely correct. The intransigence on my part is due to the desire to stick to the trading plan. Obviously, I'm not enjoying this ride but following the plan (which I need to hone) is more important than closing this position before the system allows.
  • #102,190
  • May 28, 2009 8:41am May 28, 2009 8:41am
Quoting negro wolf
same conclusion
waiting for an entry

i am concern on this area.. its very important
Attached Image (click to enlarge)
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Never sell @ lower upward channel unless breacked and vise versa .
  • #102,191
  • May 28, 2009 8:41am May 28, 2009 8:41am
Quoting F.x.
People keep talking about the Euro dropping. I hope you guys haven't completely ruled out the possibility that we will never go below the current price ever again. Not saying it's likely, but it's a possibility (especially when you look at the monthly chart...)

I keep seeing posts where people have been "building shorts" since hundreds or even thousands of pips ago... uh... what if we never drop from here??

Just something to consider...
I can't understand it is building longs around here.

About Monthly chart the Trend was broken to the downside last November and then the December Bull move couldn't hold it.
That's what I see in my Monthly Chart.
  • #102,192
  • May 28, 2009 8:42am May 28, 2009 8:42am
lookin like new support is 3960 ready for the up move
  • #102,193
  • May 28, 2009 8:43am May 28, 2009 8:43am
Quoting negro wolf
same conclusion
waiting for an entry
Placed shorts at the top tp 1.3906 but taking care 1.3955 if breaks ,any bears seem risky as bull just started .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #102,194
  • May 28, 2009 8:44am May 28, 2009 8:44am
Quoting F.x.
People keep talking about the Euro dropping. I hope you guys haven't completely ruled out the possibility that we will never go below the current price ever again. Not saying it's likely, but it's a possibility (especially when you look at the monthly chart...)

I keep seeing posts where people have been "building shorts" since hundreds or even thousands of pips ago... uh... what if we never drop from here??

Just something to consider...
I believe 1.3980 is the resistance we should look for. If it is beaten, then probably you might be right
Since then, 1.3900 may be easily tested again.
If your coffee smiles at you - smile it back
  • #102,195
  • May 28, 2009 8:44am May 28, 2009 8:44am
Quoting notch
You are absolutely correct. The intransigence on my part is due to the desire to stick to the trading plan. Obviously, I'm not enjoying this ride but following the plan (which I need to hone) is more important than closing this position before the system allows.

I'm not saying there's no justification to be short here, as in, short within a couple hundred pips of where we are, or even opening short here expecting a 100 pip drop.

But looking at the daily... you'd have to be crazy to still have open short positions from when we were below about 1.37, and definitely ones still open from below 1.34...
  • #102,196
  • May 28, 2009 8:47am May 28, 2009 8:47am
Quoting GastonCorzo
and what do my charts said???????????
look at your monthly charts..left lower then the right trend is up... weekly mine are flat. ...daily left lower then right up.. trend up... 4hr up 1hr down... at least my charts show this..
those who can, do. those who cant, talk about those who can
  • #102,197
  • May 28, 2009 8:49am May 28, 2009 8:49am
Quoting F.x.
I'm not saying there's no justification to be short here, as in, short within a couple hundred pips of where we are, or even opening short here expecting a 100 pip drop.

But looking at the daily... you'd have to be crazy to still have open short positions from when we were below about 1.37, and definitely ones still open from below 1.34...

Oh...understood. My execution was off however (it wasn't executed in line with the plan) so this surge is really....hmmmm....annoying. But that's trading sometimes and hopefully I'll be rewarded but I'm not holding my breath.

I'm embarrassed to state that I still expect 1.3600-1.3700 by the end of play tomorrow.
  • #102,198
  • May 28, 2009 8:49am May 28, 2009 8:49am
Quoting BoredToLoose
I can't understand it is building longs around here.

About Monthly chart the Trend was broken to the downside last November and then the December Bull move couldn't hold it.
That's what I see in my Monthly Chart.
Sorry but what monthly chart are you looking at? Here's mine... it's the same one I've posted many times here, with the same UPWARD trendline in red.

Now I've also shown a very feasible thing that could happen from here... history has shown this very occurance, where people shorted all the way up to previous highs, and then everyone got margin called when the price went 2x as high as the previous high, only to make a huge drop again after that.

We know the lowest we can go is 0. But the highest? The possibilities are endless...

/rant.
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  • #102,199
  • May 28, 2009 8:49am May 28, 2009 8:49am
3956 is where i intend to get in long to bust 140 today it seems reasonable lookin at the new reisis at 3960 and the upward trend 0f lower charts
  • #102,200
  • May 28, 2009 8:50am May 28, 2009 8:50am
and if i just missed it im going to be pissed
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