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EURUSD

  • #111,641
  • Jun 17, 2009 2:59pm Jun 17, 2009 2:59pm
Quoting Atlast
No offense taken. Thought you were just having a little light humour, but you never know whoelse may have not.
Sure, sure - and as far as the bragging goes, to be blunt, I do it here so it is gone before I trade.

Really, the only message I continue to try to purvey, as I have not too much of value to say really, given my newbieness, - is that greed kills, and my strategy of taking small profits consistently works very well....for me.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #111,642
  • Jun 17, 2009 2:59pm Jun 17, 2009 2:59pm
Bullish Rising 3 method forming on the 30.

NE
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  • #111,643
  • Jun 17, 2009 3:01pm Jun 17, 2009 3:01pm
those look like they going down.
  • #111,644
  • Jun 17, 2009 3:02pm Jun 17, 2009 3:02pm
Quoting TIckerShuffl
those look like they going down.
It could be a flag.
  • #111,645
  • Jun 17, 2009 3:03pm Jun 17, 2009 3:03pm
Update, the L-ledge pattern in lower TF has plyed out nicely, I may TP before 1.3940 level reached, or after. My final post on trade tonight.
  • #111,646
  • Jun 17, 2009 3:04pm Jun 17, 2009 3:04pm
Quoting TIckerShuffl
those look like they going down.
Well, the Japanese read from right to left, so they are going up......
  • #111,647
  • Jun 17, 2009 3:04pm Jun 17, 2009 3:04pm
Well gap well and truly closed now

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Nothing worth having is easy.
  • #111,648
  • Jun 17, 2009 3:08pm Jun 17, 2009 3:08pm
Quoting The Fool
is that greed kills, and my strategy of taking small profits consistently works very well....for me.
Couldn't agree more.
  • #111,649
  • Jun 17, 2009 3:13pm Jun 17, 2009 3:13pm
NOTCH OR Atlast,

Is a LONG at 3940 risky or do you guys see a bigger pullback?...3930/25 looks better to me...but don;t want to miss a move to 1.4000 which i believe will happen in Asian session
  • #111,650
  • Jun 17, 2009 3:13pm Jun 17, 2009 3:13pm
See y'all!
  • #111,651
  • Jun 17, 2009 3:17pm Jun 17, 2009 3:17pm
This upthrust we had was a test of the neck line of the head shoulder pattern on the daily. If we manage to close above the neckline then things could get interesting. Daily candle for today would be critical for bulls and bears. There was a potential of me making 130pips on one trade based on 4hr chart it would take 6 scalp(20 pips each) trades based on 15min - 30mins chart to make that same amount. I had a 30pip SL the max I lose was 30pips. If you have 6 scalps of 20pips each and with 10pip SL you would have lost 60pips if things did't go your way not to mention stress and fear.
  • #111,652
  • Jun 17, 2009 3:19pm Jun 17, 2009 3:19pm
Still room to move higher, no real selling pressure. I wouldn't want to sell the market here. Good night all. Tomorrow everything can change.
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  • #111,653
  • Jun 17, 2009 3:29pm Jun 17, 2009 3:29pm
Quoting vinesh2
if things did't go your way not to mention stress and fear.
Vinesh, you are killin me man. I am so stressed out.

Best of luck to you!
"If The Fool persists in his Folly he will become wise." - William Blake
  • #111,654
  • Jun 17, 2009 3:34pm Jun 17, 2009 3:34pm
Quoting dfhetrick
so who else saw this coming? All techs said short. Don't laugh...
((Sorry for the delay in posting this - important phone call...)) Anyway...

Depends on the TF... I had 1hr and longer looking pretty bullish all the way up to 12 hr, altho admittedly the 6-12hr don't close until 7pm CST this evening...

Care to lay out your case on the techs you saw at the time that "said short"? See anything yet you may have missed? Hindsight is a wonderful thing.

Here's one thing... Until you're much more seasoned than you currently see yourself, if you can't confirm a trade on (at least) the next higher TF, I'd steer clear of it. There's others that will be Crystal so why bother?

Here's an excerpt from one of the best quotes from one of the best threads on FF imo...

Quoting clockwork71
...If you are having trouble seeing clearly defined support and resistance levels on a chart, I can only say this: "Who Cares?"

...I didn't start trading to aggravate myself.

Just remember if you are confused, zoom out a time frame or two. If you still are, then leave it the hell alone.

Clockwork
And btw... no one here is laughing.
FUBAR...
  • #111,655
  • Jun 17, 2009 3:38pm Jun 17, 2009 3:38pm
Quoting The Fool
I really don't have time to croak just yet.
That's the Spirit!!
FUBAR...
  • #111,656
  • Jun 17, 2009 3:56pm Jun 17, 2009 3:56pm
Found this link on clock's thread earlier and thought of a few of you guys here... you know who you are.
http://www.thestreet.com/story/10518...drawbacks.html

Just a thing to throw in the pot, I'm not qualified to have an opinion on it worth taking up the server space.
FUBAR...
  • #111,657
  • Jun 17, 2009 4:05pm Jun 17, 2009 4:05pm
Quoting ak4x
Found this link on clock's thread earlier and thought of a few of you guys here... you know who you are.
http://www.thestreet.com/story/10518...drawbacks.html

Just a thing to throw in the pot, I'm not qualified to have an opinion on it worth taking up the server space.
and if the bottom falls out next role over your pucked.. lots of margin calls last summer.. even goldmens people got some personal ones..
those who can, do. those who cant, talk about those who can
  • #111,658
  • Jun 17, 2009 4:17pm Jun 17, 2009 4:17pm
Quoting gatorinla
and if the bottom falls out next role over your pucked.. lots of margin calls last summer.. even goldmens people got some personal ones..
lol^^
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #111,659
  • Jun 17, 2009 4:24pm Jun 17, 2009 4:24pm
Quoting dfhetrick
so who else saw this coming? All techs said short. Don't laugh as I still admit to be a rookie. Any advice is welcome without the sarcasm you guys relish on.
Nah! I lot of people saw it short. I think Obama's speech was the key. When Bernie the clown and Geithner fail to keep dollar underwater here comes Obama! I think we should expect Obama speech almost everyday from now.
  • #111,660
  • Jun 17, 2009 4:39pm Jun 17, 2009 4:39pm
sorry guys and gals, I don't even know how this thread shit works, I'm not a computer guru let alone a forex trader. I'm making my profits with a simple system and losing them just as quick. I'll keep trying to figure this out in the meantime thanks for your patience.
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