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  • #113,061
  • Jun 22, 2009 5:44am Jun 22, 2009 5:44am
Quoting Nene
Price tested and came down hard, just as I suspected.

NE

Great chart. Nice and simple w/ good lines.

  • #113,062
  • Jun 22, 2009 5:45am Jun 22, 2009 5:45am
My SL BE. Now this is getting interesting. Could still break down on blow out move.
  • #113,063
  • Jun 22, 2009 5:50am Jun 22, 2009 5:50am
Ya know, Some people think they need a lot of useless indicators to trade. But what they don't know is the lagging indicators work best on the larger time frames. What really scares me is even after I posted that chart showing a clear 4 Hr short side break, people were still in here calling long trades. It does not make sense.

NE

Quoting F.x.
Great chart. Nice and simple w/ good lines.

  • #113,064
  • Jun 22, 2009 5:51am Jun 22, 2009 5:51am
Quoting F.x.
I've also been playing a few longs here but keep pulling them for a few pips due to some funny movements going on... Now I'm going to wait things out a bit to see if we drop some more before committing...
Need to get above 1.3956 for strength.
  • #113,065
  • Jun 22, 2009 5:53am Jun 22, 2009 5:53am
I wouldnt be surprised to see a retrace back to 1.3900 area.

NE
  • #113,066
  • Jun 22, 2009 5:59am Jun 22, 2009 5:59am
I would't be surprised for eu to break 1.375 and head on down. Stay out if in doubt
  • #113,067
  • Jun 22, 2009 6:02am Jun 22, 2009 6:02am
Quoting Atlast
My SL BE. Now this is getting interesting. Could still break down on blow out move.

its not interesting at all.

Just keeping my eyes on the screen every seconds
  • #113,068
  • Jun 22, 2009 6:02am Jun 22, 2009 6:02am
Quoting vinesh2
I would't be surprised for eu to break 1.375 and head on down. Stay out if in doubt
hmm oil and copper down.. who would of thunk it?
those who can, do. those who cant, talk about those who can
  • #113,069
  • Jun 22, 2009 6:03am Jun 22, 2009 6:03am
Adex seems like either you are trapped in a move or looking to jump in. Wait for break of support or resistance levels to enter. Monday's are not a good day trade
  • #113,070
  • Jun 22, 2009 6:04am Jun 22, 2009 6:04am
Quoting vinesh2
Stay out if in doubt
  • #113,071
  • Jun 22, 2009 6:05am Jun 22, 2009 6:05am
Quoting adexhina
its not interesting at all.

Just keeping my eyes on the screen every seconds
welcome to world of stress and anxiety
  • #113,072
  • Jun 22, 2009 6:05am Jun 22, 2009 6:05am
Gator its all a game. Month end reversal moves will happen between wed and fri. Big player are keeping the price at high or low levels to discourage traders from taking positions. Subdued moves are going to happen to trap traders.
  • #113,073
  • Jun 22, 2009 6:09am Jun 22, 2009 6:09am
I'm out of my long for now. Waiting for PA to settle. Still seeing downside.
  • #113,074
  • Jun 22, 2009 6:17am Jun 22, 2009 6:17am
Quoting adexhina
its not interesting at all.

Just keeping my eyes on the screen every seconds
dont worry soon u will learn to control ur nerve...psycology is major subject of this business.
  • #113,075
  • Jun 22, 2009 6:17am Jun 22, 2009 6:17am
Quoting vinesh2
Adex seems like either you are trapped in a move or looking to jump in. Wait for break of support or resistance levels to enter. Monday's are not a good day trade

yeah I know.

But what it has been within that range for over 4hrs and I was hoping the NY session will do a magic but here we are!!!

I am still waiting. Patiently
  • #113,076
  • Jun 22, 2009 6:19am Jun 22, 2009 6:19am
am still holding short.. targeting the lower trendline
  • #113,077
  • Jun 22, 2009 6:19am Jun 22, 2009 6:19am
Quoting Alihuzaifa
dont worry soon u will learn to control ur nerve...psycology is major subject of this business.

Thanks Ali.

But I have control over that already.
  • #113,078
  • Jun 22, 2009 6:27am Jun 22, 2009 6:27am
I'm short on eurusd .. but will make a reverse if usdchf touch 10900 and stop if usdchf opens on 1H basis above 10915
The best thing that can happen to you is to find out where you're wrong.
  • #113,079
  • Jun 22, 2009 6:32am Jun 22, 2009 6:32am
Quoting vinesh2
Gator its all a game. Month end reversal moves will happen between wed and fri. Big player are keeping the price at high or low levels to discourage traders from taking positions. Subdued moves are going to happen to trap traders.
look #2 copper is going down due to demand by china.. its just that simple.. storage tanks or full all over the world...its just that simple.. india has oil and is able to get it out the ocean deeper then ever imagined.. so this makes brazillian oil able to be pumped from deeper waters... india is pumping so much and has one of the worlds largest new refineries... its buying all availible storage in asia and u.s. when oil prices dropped 2/3 this last time valero one of u.s. lagest idependent refineries was unable to make money when margin on gasoline improved $.50 pg..most older u.s. catcrackers are being scrapped.. why? move over china.. india has oil..india can build all the cheap crap needed too.. we may all have to start speaking english now..a storms a brewing.

http://www.monstersandcritics.com/ne...serve_the_West
those who can, do. those who cant, talk about those who can
  • #113,080
  • Jun 22, 2009 6:35am Jun 22, 2009 6:35am
Quoting gatorinla
look #2 copper is going down due to demand by china.. its just that simple.. storage tanks or full all over the world...its just that simple.. india has oil and is able to get it out the ocean deeper then ever imagined.. so this makes brazillian oil able to be pumped from deeper waters... india is pumping so much and has one of the worlds largest new refineries... its buying all availible storage in asia and u.s. when oil prices dropped 2/3 this last time valero one of u.s. lagest idependent refineries was unable to make money when margin on gasoline...
oh cnbc just said chinas buying less copper..hmm i think they are a little late..
those who can, do. those who cant, talk about those who can
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