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  • #115,581
  • Jun 26, 2009 10:22am Jun 26, 2009 10:22am
Quoting Easy4xTrading
I think your wrong!!!
Yap, that happens. Lucky for me I tossed the longs at an OK price, and concluded trading for the week.

I usually don't do moves for a few pips, but had spare time
Greed and impatience are our greatest enemies.
  • #115,582
  • Jun 26, 2009 10:24am Jun 26, 2009 10:24am
Quoting trading801
hello everyone... hows the trading
Hard and difficult ... ... no time to write in the thread ... focus on trades ...
"I will walk before they make me run" K.Richards
  • #115,583
  • Jun 26, 2009 10:25am Jun 26, 2009 10:25am
Quoting stewrigh
I'm probly completely wrong but I still think this is going north again.

I'd like to see 1.42 then I'll join the short train, but maybe not today.
Hey Stew - how is that weekly target of yours going? Good I hope. I'm not sure what's going to happen for the rest of the day but I'm trying to overcome my long bias so that I can trade both ways (I'm so blinded - always looking for that long position - lol) so with gold and crude going down it told me that it was pretty safe to enter a short. I've already closed one out and I'm just leaving the other to either stop me out or continue on down. You'll usually only hear me banging the long drum. GL&GT

[EDIT] It was EG tanking that helped it along really - correlations are a bit weird these days with futures, gold and crude.
Nothing worth having is easy.
  • #115,584
  • Jun 26, 2009 10:25am Jun 26, 2009 10:25am
Quoting Alihuzaifa
wow that sounds great...how do u get that numbers?
look at post 115429 no.predict for the week 1.3940(buy)hit target
  • #115,585
  • Jun 26, 2009 10:26am Jun 26, 2009 10:26am
Quoting Alihuzaifa
I am with u wolfy...but i know chances are less..

nothing to do but just watching .. its friday
THE CREATOR AND OWNER OF S.N.M "Serve no Master" Trading Stystem
  • #115,586
  • Jun 26, 2009 10:28am Jun 26, 2009 10:28am
Next week should definetely be interesting. After the lackluster pa after FOMC where we just ranged in the same area we have been ranging in for weeks....I did something which I usually never do..check out larger timeframes. There has been alot of talk recently about a h&s scenario...I do not see it (although it was a possibility at first). Instead since the middle of may we have seen one common pattern emerge on a daily basis. Higher lows...lower highs.....a triangle. A triangle that has kept pa contained through some major news. Still...this triangle is coming to an end and pretty soon we should break out one way or the other. The first target should be either the 1.43xx high or the 1.37xx low ...at which point a new analysis will be needed.

As for today...pa has been contained in a narrow rising uptrend which stopped at the upper wall of the triangle. I dont see us doing too much for the rest of the day (a return to 1.4000 is a possibility). Next week is when the action will happen in my opinion so until then...


Good pippin all

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Different opinions highly valued, ignorant to slander.
  • #115,587
  • Jun 26, 2009 10:28am Jun 26, 2009 10:28am
Someone said earlier today about buying the dips - the attached chart illustrates that perfectly.

The trend is up - why would anyone wanna sell - Now watch her tank lol.

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  • #115,588
  • Edited 10:44am Jun 26, 2009 10:29am | Edited 10:44am
I have one question:
What will happen if us index drop to 60?What will be the result for world economy?

That will be recovery for usa?euro goes very high 1.60 maybe more that will be recovery for euro zone?!
I'm not convince but i see us index going to that point on my chart!
  • #115,589
  • Jun 26, 2009 10:33am Jun 26, 2009 10:33am
Quoting Jm4x
Hard and difficult ... ... no time to write in the thread ... focus on trades ...

ok ok off you go.. grab some pips
  • #115,590
  • Jun 26, 2009 10:34am Jun 26, 2009 10:34am
I've been short since 1.4092 with SL at BE.

It's Friday and London Fix starts in 1 hr.

Therefore jf you're not in trade the don't take a trade.

Technically we should go down but you never know.

Friday is my protect capital and winnnings from the week.
  • #115,591
  • Jun 26, 2009 10:36am Jun 26, 2009 10:36am
Quoting egkid
I have one question:
What will happen if us index drop to 60?What will be the result?

That will be recovery for usa?euro goes very high 1.60 maybe more that will be recovery for euro zone?!
I'm not convince but i see us index going to that point on my chart!
Three words: Hell & Hand Cart
  • #115,592
  • Jun 26, 2009 10:39am Jun 26, 2009 10:39am
[quote=Patience;2832737]Hey Stew - how is that weekly target of yours going? Good I hope.

Not great - but I'm getting there - (I think)

Stick with the trend - the trend is up.
  • #115,593
  • Jun 26, 2009 10:40am Jun 26, 2009 10:40am
Quoting egkid
I have one question:
What will happen if us index drop to 60?What will be the result?
Well the index is at approx. 80 at the moment and we are at 1.4000. When it was at 71.50 last year Euro was up at 1.6000 so I would think if the USDX tanks to 60, we could expect Euro to be at approx. 1.8000 (but don't quote me)
Nothing worth having is easy.
  • #115,594
  • Jun 26, 2009 10:46am Jun 26, 2009 10:46am
Quoting stewrigh
Not great - but I'm getting there - (I think)

Stick with the trend - the trend is up.
As long as you are making progress, it's all good. I think they are a bit sick of me in here banging that long drum
Nothing worth having is easy.
  • #115,595
  • Jun 26, 2009 10:47am Jun 26, 2009 10:47am
sorry dear Avi i cant find out those post that how u predict those numbers
  • #115,596
  • Jun 26, 2009 10:49am Jun 26, 2009 10:49am
Quoting Patience
As long as you are making progress, it's all good. I think they are a bit sick of me in here banging that long drum

Not me - Although I'd like to go short my charts just won't let me.

A least not till 1.42
  • #115,597
  • Jun 26, 2009 11:00am Jun 26, 2009 11:00am
Quoting Beacon
I don't like trading on Friday. For some reasons statistically I usually did badly.
Hey Beacon...wanted to let you know that I made a hefty profit today based on my long/buy position. As I am gaining more faith in my ability to read charts and sticking to my trading plan is finally consistently paying off. Not going to get too excited....will keep practicing what works and tweaking what doesn't.

I don't like trading on Fridays..i often close my positions if possible so that I have no worries over the weekend.

Happy pippin!
  • #115,598
  • Jun 26, 2009 11:12am Jun 26, 2009 11:12am
Unbelivable PA today. Scalper's dream
  • #115,599
  • Jun 26, 2009 11:16am Jun 26, 2009 11:16am
Quoting stewrigh
Not me - Although I'd like to go short my charts just won't let me.

A least not till 1.42
but I will sell as written on main page
Trade Idea: EUR/USD - Sell at 1.4100
ROBOT FOREX
  • #115,600
  • Jun 26, 2009 11:18am Jun 26, 2009 11:18am
Quoting vinesh2
Unbelivable PA today. Scalper's dream
But hard to trade this unclear ups and downs for me and specially with GU today.
Discipline + Patience - Fear - Greed = Success
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