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  • #104,701
  • Jun 2, 2009 2:25pm Jun 2, 2009 2:25pm
i can see this thing going up way up.. i dont believe in the move but what i think dont matter... i will throw this out there for the curious to ponder. the move of dec 12 high stopped at the 300sma as the 200 sma crossed it exactly on day chart. we are above both now. looking back the 400 sma was sometimes respected also.. we are 100 pips above the sma 400...this thing never has to run out of gas, but damn it seems top heavy..s&p hit the 200 sma also.. 4368 area? 4699? 4567? 1.6? just dont seem right to me..4567 came up in some analysis, but its hard to believe..ill shut the puck up now..i guess the game plan is to take all the u.s. cosumers money then use money to buy america. so the consumers can shop at the company store. the king has no clothes... im still long pitchforks..
those who can, do. those who cant, talk about those who can
  • #104,702
  • Jun 2, 2009 2:25pm Jun 2, 2009 2:25pm
Quoting Alihuzaifa
man from last 8 hours i am waiting for retracement...now i am going to sleep
what's your SL?
  • #104,703
  • Jun 2, 2009 2:25pm Jun 2, 2009 2:25pm
Quoting ziko123
this is a wave 3 which will keep going up till end of week, euro rate and NFP will move it to 1.4500, will short at friday close for a 500 pip down move next week
It's possible but I never trade like this. Here is not the right place to go long unless you are trading daily chart or something and don't care about a -200 pips DD ..

BTW I wish you luck. it's your style ... I don't know
Discipline + Patience - Fear - Greed = Success
  • #104,704
  • Jun 2, 2009 2:27pm Jun 2, 2009 2:27pm
Quoting Ming
what's your SL?
i am not in trade...was looking to short but my sweetheart denies to come back.so i am going to sleep alone now.
  • #104,705
  • Jun 2, 2009 2:27pm Jun 2, 2009 2:27pm
Ming what do you see in your charts? Why are you asking folks in the forum on what decision you want to make. Dude study charts? Its obvious you are a new traders. I would strongly suggest that you do some reading before entering trades. Scalping is not a good idea for new traders. Look at longer term time frames what are you seeing in it? Do you see it going down or going up? If you are unsure about this trade put a stop loss or else you are going to make the same mistake over and over again and slowly but surely going to loose your investment. This game is all about money management this is not gambling.
  • #104,706
  • Jun 2, 2009 2:31pm Jun 2, 2009 2:31pm
Quoting gatorinla
i can see this thing going up way up.. i dont believe in the move but what i think dont matter... i will throw this out there for the curious to ponder. ..

Well this is how I see things panning out med-long:

The market really doesn't like these levels. Historically, it has spent a very short amount of time here. Historically, both both parties have agreed that these levels do not represent value but since the auction process caused an upward distribution from the following levels 1.35503 to 1.36013 on numerous occassions we favour demand being cut once price has been bid up to 1.46209.

Once 1.46209 has been achieved it is likely that there will be period of consolidation between 1.36905 - 1.46209. However, the auction process is likely to continue in the upward direction ultimately seeking market symmetry at 1.54876. The move from 1.46209 to 1.54876 is likely to be very rapid after which a fall back to 1.46847 is expected. There then should be a push to 1.56661 at which point excess supply is likely to enter the market.

LONG TERM the auction process rejects the levels between 1.36905-1.56661 and seeks balance between 1.20590 - 1.27728.
  • #104,707
  • Jun 2, 2009 2:32pm Jun 2, 2009 2:32pm
Hi Vinesh

yes I'm new. that's why I want to know how other traders think out their strategy. Still learning here.
I don't have 100% confidence, that's why i scalp. just small pips n small size.

apreciate your thoughts. Thanks
  • #104,708
  • Jun 2, 2009 2:32pm Jun 2, 2009 2:32pm
Quoting vinesh2
Ming what do you see in your charts? Why are you asking folks in the forum on what decision you want to make. Dude study charts? Its obvious you are a new traders. I would strongly suggest that you do some reading before entering trades. Scalping is not a good idea for new traders. Look at longer term time frames what are you seeing in it? Do you see it going down or going up? If you are unsure about this trade put a stop loss or else you are going to make the same mistake over and over...
my indian friend dont get furious,newbies always wants to make some quick money but eventually they will learn its not a easy game.
  • #104,709
  • Jun 2, 2009 2:36pm Jun 2, 2009 2:36pm
Its goin down like an old fag in the bus station bathroom and that's all there is to it.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #104,710
  • Jun 2, 2009 2:37pm Jun 2, 2009 2:37pm
Quoting The Fool
Its goin down like an old fag in the bus station bathroom and that's all there is to it.
old fags are every where
  • #104,711
  • Jun 2, 2009 2:39pm Jun 2, 2009 2:39pm
Ming no problem with learning but I would highly suggest that you read up before entering this game and loosing your hard earned money unless you have a rich pappa or mamma. This game will eat your investment up in a jiffy. Study the charts and study them more. Lookout for support and resistance levels on longer time frames. Since you are a new trader scalping is the last thing you want to do. Draw supp and resis lines on longer time frame and see how price behaves there. Stronly recomend demo trading for two months
  • #104,712
  • Jun 2, 2009 2:39pm Jun 2, 2009 2:39pm
heres my game plan... using a 5 minute chart... when gasoline gets to $4.01 pg. im gonna short the eu.. untill then on next pull back im buying eu gu wu vu xu yu zu
those who can, do. those who cant, talk about those who can
  • #104,713
  • Jun 2, 2009 2:41pm Jun 2, 2009 2:41pm
Quoting vinesh2
Ming no problem with learning but I would highly suggest that you read up before entering this game and loosing your hard earned money unless you have a rich pappa or mamma. This game will eat your investment up in a jiffy. Study the charts and study them more. Lookout for support and resistance levels on longer time frames. Since you are a new trader scalping is the last thing you want to do. Draw supp and resis lines on longer time frame and see how price behaves there. Stronly recomend demo trading for two months
make it 3 months
  • #104,714
  • Jun 2, 2009 2:45pm Jun 2, 2009 2:45pm
Quoting Ming
Hi Vinesh

yes I'm new. that's why I want to know how other traders think out their strategy. Still learning here.
I don't have 100% confidence, that's why i scalp. just small pips n small size.

apreciate your thoughts. Thanks
if you got a rich momma and poppa im you long lost uncle jed wong..
those who can, do. those who cant, talk about those who can
  • #104,715
  • Jun 2, 2009 2:48pm Jun 2, 2009 2:48pm
thank a lot for the tip people.
I actually took a 4 day forex workshop, and the mentor said that newbies should try scalping first.

I'll kill him tomorrow first thing in the morning.

any recommendations on good education for forex?

if so please email me at [email protected]

Really, thank you for all your comments
  • #104,716
  • Jun 2, 2009 2:48pm Jun 2, 2009 2:48pm
ok i am short 1.4315

50 pips TP
  • #104,717
  • Jun 2, 2009 2:48pm Jun 2, 2009 2:48pm
Quoting Ming
Hi Vinesh

yes I'm new. that's why I want to know how other traders think out their strategy. Still learning here.
I don't have 100% confidence, that's why i scalp. just small pips n small size.

apreciate your thoughts. Thanks
Don't worry Ming, scalping might be the way to go for you. Your account balance will tell you what is working for you. There is not one and only one way to succeed.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #104,718
  • Jun 2, 2009 2:49pm Jun 2, 2009 2:49pm
Quoting notch
1.4330 = Sell zone.

Cash Rules Everything Around Me, C.R.E.A.M./Get the money; dollar, dollar bills, y'all!!!
  • #104,719
  • Jun 2, 2009 2:49pm Jun 2, 2009 2:49pm
Quoting Ming
thank a lot for the tip people.
I actually took a 4 day forex workshop, and the mentor said that newbies should try scalping first.

I'll kill him tomorrow first thing in the morning.

any recommendations on good education for forex?

if so please email me at [email protected]

Really, thank you for all your comments
yeah u must kill him...scalping shud be the last thing in ur trading career
  • #104,720
  • Jun 2, 2009 2:49pm Jun 2, 2009 2:49pm
Quoting The Fool
Its goin down like an old fag in the bus station bathroom and that's all there is to it.
OMG
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