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  • #103,161
  • May 31, 2009 7:59am May 31, 2009 7:59am
Quoting notch
Was that a pip challenge?

And thanks!
I don't think so not my style. If you need to play maybe you could place an open challenge, I'm sure you can find a taker. Entertianment is always welcome, if you keep it civil
  • #103,162
  • May 31, 2009 8:08am May 31, 2009 8:08am
Quoting Patience
I've tried to pick tops and bottoms so many times and now that I think about it, I don't think I've ever been right. It's such a headache, it really is, so this time I made a conscious decision to go with the flow and I have been rewarded accordingly. I'm really not that technical but I read a lot because it interests me (I know that I probably bore the s%$! out of a lot of traders when I post my news tidbits) but to me the bearish dollar sentiment is getting worse by the day so why trade against it.

Once this thread starts saying "long", I...
I'm with you on this one P - I also try to pick tops and bottoms - and I like to think I'm quite good at it. But its bloody hard and you tend to get bitten in the ass too often.

Going with the flow is much easier.
  • #103,163
  • May 31, 2009 8:14am May 31, 2009 8:14am
Quoting notch
Gloat and praise yourself while you can because tomorrow is a another day!
Well, I apologise if my post came across as "gloating" and "praising" myself. It was not definitely not intended that way. I guess my forum social skills need attending to so I will take leave.

Over and out
Nothing worth having is easy.
  • #103,164
  • May 31, 2009 8:21am May 31, 2009 8:21am
Looks like some Bullish Divergence on the 1 Hr, however, may not go far before retrace as 4Hr BB Macd has risen nicely. No surprise with the move up. Gonna wait for a 4 Hr arrow before pulling trigger. Looking for a pullback 50 to 100 pips before going long again. Does that seem like a good assessment anybody.

NE
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  • #103,165
  • May 31, 2009 8:22am May 31, 2009 8:22am
Quoting Patience
Well, I apologise if my post came across as "gloating" and "praising" myself. It was not definitely not intended that way. I guess my forum social skills need attending to so I will take leave.

Over and out

Your social skills are perfect. So is gloating and self-praise because it is never continuous but just a good laugh. No offense was taken.
  • #103,166
  • May 31, 2009 8:44am May 31, 2009 8:44am
My possible plans for the week and near future...

1. Short this 50% fib, in expectation of a big bounce and continuation of original downtrend from 1.60. I am not convinced that we will continue the downtrend from 1.60, but as we are perfectly still aligned w/ the fibs, I have no reason to assume otherwise.

2. Secondary plan, wait for strong retracement and go long in continuation w/ current uptrend, while keeping mindfull of #1.

I'm sure headfakes will be abundant in this key area so best to keep your mind open and not overcommit to anything.

I may even stay out all together until this 50% fib plays out... not sure yet...
  • #103,167
  • May 31, 2009 8:45am May 31, 2009 8:45am
Quoting notch
Your social skills are perfect. So is gloating and self-praise because it is never continuous but just a good laugh. No offense was taken.
I thought poor social skills were mandatory for fx traders? That was what drew me to this business in the first place.
  • #103,168
  • May 31, 2009 8:57am May 31, 2009 8:57am
Quoting F.x.
I thought poor social skills were mandatory for fx traders? That was what drew me to this business in the first place.
  • #103,169
  • May 31, 2009 9:08am May 31, 2009 9:08am
Quoting F.x.
My possible plans for the week and near future...

1. Short this 50% fib, in expectation of a big bounce and continuation of original downtrend from 1.60. I am not convinced that we will continue the downtrend from 1.60, but as we are perfectly still aligned w/ the fibs, I have no reason to assume otherwise.

2. Secondary plan, wait for strong retracement and go long in continuation w/ current uptrend, while keeping mindfull of #1.

I'm sure headfakes will be abundant in this key area so best to keep your mind open and not overcommit to anything....
Iīm taking the last one...wait, drink some beers and watch the 50 Fib....today is "watching day" for me and monday Iīll pull the trigger..

Good Luck everyone.
  • #103,170
  • May 31, 2009 9:11am May 31, 2009 9:11am
Quoting F.x.
I thought poor social skills were mandatory for fx traders? That was what drew me to this business in the first place.

  • #103,171
  • May 31, 2009 9:24am May 31, 2009 9:24am
Quoting F.x.
I thought poor social skills were mandatory for fx traders? That was what drew me to this business in the first place.
You mean these kinds of social skills?

Hey how about a picking the nose smiley?

  • #103,172
  • May 31, 2009 9:27am May 31, 2009 9:27am
Quoting Rednose
Iīm taking the last one...wait, drink some beers and watch the 50 Fib....today is "watching day" for me and monday Iīll pull the trigger..

Good Luck everyone.

Definitely a smart way to play for now...

I'm just looking at that last push up on friday and thinking... gap up... build shorts... then 50% fib rejection for a nice bear run... so tempting... might have to give it a try. The only question is where to set the damn SL (isn't that always the dilemna?)
  • #103,173
  • May 31, 2009 9:36am May 31, 2009 9:36am
Quoting F.x.
Definitely a smart way to play for now...

I'm just looking at that last push up on friday and thinking... gap up... build shorts... then 50% fib rejection for a nice bear run... so tempting... might have to give it a try. The only question is where to set the damn SL (isn't that always the dilemna?)
Always the same....how many times I set a tight one and it got reached just before the market went xxpips in my direction? and how many times i set a big one that got reached too bringing no more than losses?....Many, many times....

Someday.....someday....
  • #103,174
  • May 31, 2009 9:40am May 31, 2009 9:40am
I will be watching the equities futures (mainly S&P500) tonight to see how they react to news GM is finally filing for bankruptcy protection.

I think too many fundamentals factors and news events (N.Korea etc) are lining up against stocks going higher so I expect USD strengthens and others weaken. We'll see.
  • #103,175
  • May 31, 2009 10:11am May 31, 2009 10:11am
Quoting gatorinla
never got it yet
Again I have sent you the PM, thank you.
  • #103,176
  • May 31, 2009 10:12am May 31, 2009 10:12am
We have a Bearish Bat formed on the M15....May seem a little up movement and then some sort of retrace......I donīt believe it will be a big one, just a breathe to continue the Upwards move...maybe touching 1.4100 and going back to the 50 Fib.
  • #103,177
  • May 31, 2009 11:13am May 31, 2009 11:13am
hi all hope weekend is good
  • #103,178
  • May 31, 2009 11:14am May 31, 2009 11:14am
Quoting Rednose
We have a Bearish Bat formed on the M15....May seem a little up movement and then some sort of retrace......I donīt believe it will be a big one, just a breathe to continue the Upwards move...maybe touching 1.4100 and going back to the 50 Fib.
A Bearish Bat is basically a "W" pattern. With the necessary fib ratios. I don't see one on M15.
Maybe you can post a pic?
  • #103,179
  • May 31, 2009 11:17am May 31, 2009 11:17am
Quoting SunTrader
A Bearish Bat is basically a "W" pattern. With the necessary fib ratios. I don't see one on M15.
Maybe you can post a pic?
For sure...here it is.
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  • #103,180
  • May 31, 2009 11:59am May 31, 2009 11:59am
Quoting Rednose
For sure...here it is.
Yes, Bearish Bat , but I perfect be To buy , the market is bullish
it is better to wait for USA market
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