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  • #118,581
  • Jul 6, 2009 2:52pm Jul 6, 2009 2:52pm
Quoting F.x.
How about we go back to 1989, since that's as far back as my chart will go?

We are contained within 2 trendlines (a channel) and we just bounced off the upper trendline of that channel. This means we now go down.

One would also expect us to gravitate towards the single main trendline on that same chart, which we are currently above. (Also meaning we go down.)
I don't care about trend lines. My fundamentals tell me we go up. Actually that can imply a test of the 1.38 support again but that's not a problem.
  • #118,582
  • Jul 6, 2009 2:58pm Jul 6, 2009 2:58pm
I bought into the weakness at the start of the session and did well. I just turned seller again
BTC Return This Year: na
  • #118,583
  • Jul 6, 2009 3:03pm Jul 6, 2009 3:03pm
It's gonna get thin now untill around 8pm eastern

Gonna look for a short around 1.4039
ok Friendo? This is madness!?!? - THIS, IS, FOREX!!!
  • #118,584
  • Jul 6, 2009 3:09pm Jul 6, 2009 3:09pm
This sucks, we are more unsure then ever before.

We have failed to break this daily trendline today, and the way it looks right now is that we are going to open above it on this next day...

So if this trendline holds we should see 1.4200 and higher...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_029.png Size: 5 KB
ok Friendo? This is madness!?!? - THIS, IS, FOREX!!!
  • #118,585
  • Jul 6, 2009 3:10pm Jul 6, 2009 3:10pm
Who wants to fade this run?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #118,586
  • Jul 6, 2009 3:12pm Jul 6, 2009 3:12pm
Quoting Xaron
I don't care about trend lines. My fundamentals tell me we go up.
  • #118,587
  • Jul 6, 2009 3:16pm Jul 6, 2009 3:16pm
Quoting The Fool
Who wants to fade this run?
Well since we didn't break that daily trendline I want to go bulish on one end.

But on the other is the fact that bounce from 1.3747 has no confidence in being a bull...

We're back where we started this 24hrs.

1.3927-36 could potentialy provide a bullish action, but thats all. - in next 24hrs
ok Friendo? This is madness!?!? - THIS, IS, FOREX!!!
  • #118,588
  • Jul 6, 2009 4:50pm Jul 6, 2009 4:50pm
Quoting Xaron
I don't care about trend lines. My fundamentals tell me we go up. Actually that can imply a test of the 1.38 support again but that's not a problem.
This guy's account is a bomb ticking...it will explose soon or later
  • #118,589
  • Jul 6, 2009 5:20pm Jul 6, 2009 5:20pm
Quoting Platypus
This guy's account is a bomb ticking...it will explose soon or later
Agree, seen a lot of those "fundamentals" )
cut losses short, let profits run.
  • #118,590
  • Jul 6, 2009 5:24pm Jul 6, 2009 5:24pm
Quoting Domas4
Agree, seen a lot of those "fundamentals" )
My technicals told me go short at 6287. My first target will be 6180. I'm not really a fundamentals kind of guy.
  • #118,591
  • Jul 6, 2009 5:35pm Jul 6, 2009 5:35pm
I'm gonna try to short along that trendline, target daily PP @ 1.3953 SL 10pips from entry

Live trade, non demo
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_030.png Size: 5 KB
ok Friendo? This is madness!?!? - THIS, IS, FOREX!!!
  • #118,592
  • Jul 6, 2009 5:39pm Jul 6, 2009 5:39pm
Currently seeking entry along bottom trendline for mid term short non scalp trade, will target upper trendline...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_031.png Size: 5 KB
ok Friendo? This is madness!?!? - THIS, IS, FOREX!!!
  • #118,593
  • Jul 6, 2009 5:43pm Jul 6, 2009 5:43pm
EU looking up. Not in trade yet, but wait for this H4 to close.
Its all in the mind.
  • #118,594
  • Jul 6, 2009 5:47pm Jul 6, 2009 5:47pm
Quoting 5abi
EU looking up. Not in trade yet, but wait for this H4 to close.
Your H4 close at 9 eastern?
ok Friendo? This is madness!?!? - THIS, IS, FOREX!!!
  • #118,595
  • Jul 6, 2009 5:48pm Jul 6, 2009 5:48pm
You would have my respect if you can only go close to Xaron's live results.

Let's see your's and we might laugh together.


Quoting Platypus
This guy's account is a bomb ticking...it will explose soon or later
  • #118,596
  • Jul 6, 2009 5:50pm Jul 6, 2009 5:50pm
Umm,, yeah. That would also be an hour into the Japaneses session so that will give me a better picture.

Quoting Liger86
Your H4 close at 9 eastern?
Its all in the mind.
  • #118,597
  • Jul 6, 2009 5:52pm Jul 6, 2009 5:52pm
Try to understand what he is "seeing". He is right about being long on this pair. If you wanna short it based on your 1M and 3M Techs, well what can I say?

Quoting Domas4
Agree, seen a lot of those "fundamentals" )
Its all in the mind.
  • #118,598
  • Jul 6, 2009 5:59pm Jul 6, 2009 5:59pm
maybe in 2 weeks we will know.. some with egg on our face and some with mt accounts.. one thing i already know. im already up 20% this week using m/m 1% s/l..... 10% on the trade started last week and 10% this week on the same running trade. it hit my tp today, that i forgot to move up ej..so even with egg on my face my account wont suffer..add in some scalps and im up a little less then 22% this week... excluding running trades.. im shorting on pullbacks
those who can, do. those who cant, talk about those who can
  • #118,599
  • Jul 6, 2009 6:00pm Jul 6, 2009 6:00pm
Here is the H4 I am waiting to close on. If it closes Green, or around 3970, or above 3990 is level, I would go long with a stop at 3935. As a target 4100 possible, but as you know by now, I take profit too soon so I am looking at 4045is
Attached Image (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 22 KB
Its all in the mind.
  • #118,600
  • Jul 6, 2009 6:01pm Jul 6, 2009 6:01pm
Quote
maybe in 2 weeks we will know.. some with egg on our face and some with mt accounts.. one thing i already know. im already up 20% this week using m/m 1% s/l..... 10% on the trade stated last week and 10% this week on the same running trade. it hit my tp today, that i forgot to move up eu..so even with egg on my face my account wont suffer..add in some scalps and im up a little less then 22% this week... excluding running trades.. im shorting on pullbacks

Wow! Great job Gator
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