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  • #127,121
  • Jul 30, 2009 6:46pm Jul 30, 2009 6:46pm
We've got some confluence congestion should PA take us there today or tomorrow.

Charts self-explanatory.

m

PS - And former support.
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  • #127,122
  • Jul 30, 2009 7:01pm Jul 30, 2009 7:01pm
The Eur/Usd is in dead zone today. Only managed to squeeze out 8 pips today on 1 trade. I guess USA and Euro Union future economic prospects are mutually crap? I thought those lousy USA Unemployment #s would have gained me a few more pips than 8?
FF = Forex Faggots
  • #127,123
  • Jul 30, 2009 7:03pm Jul 30, 2009 7:03pm
OK, question for those smarter than me, or basically everyone here:

With a pile of bad economic news out of Japan today, would you expect a net gain for U/J, and if so, would that necessarily be reflected in a loss for E/J?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #127,124
  • Jul 30, 2009 7:19pm Jul 30, 2009 7:19pm
Quoting The Fool
OK, question for those smarter than me, or basically everyone here:

With a pile of bad economic news out of Japan today, would you expect a net gain for U/J, and if so, would that necessarily be reflected in a loss for E/J?

Bad JPY wise, should devalue the JPY so UJ should go up BUT.......

but with GU for instance, Good GBP news makes GU go up ( Correct ) and Good USD news makes GU you guessed it go up ( WRONG ).

Traded by to many people with no sense to actually make sense.

And as you don't know the news, set a sensible SL, take a small hit if it goes the wrong way and let the market run if it goes the right way.

Good luck!! I hate News!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #127,125
  • Jul 30, 2009 7:21pm Jul 30, 2009 7:21pm
Quoting acumen
We've got some confluence congestion should PA take us there today or tomorrow.

Charts self-explanatory.

m

PS - And former support.
I would agree with 1.4120 as first target for longs.
Lots of stops above 1.41, they might want to trigger them.
  • #127,126
  • Jul 30, 2009 7:28pm Jul 30, 2009 7:28pm
Quoting FXCapitalist
I'm looking for your fib 50% failure and a break to the upside, and your bearish gartley butterfly to fail as well, vs. my Ascending triangle + 50% fib retrace failure and target up 1.48xx in a few months or less. We need good earnings and ecb hikes and/or fed maintaining current rates. If not you'll win.
Sorry it's Market Bearish Gartley Not mine lol And didn't fail check ur self below chart.
If you don't like my view Ignore it And time best tool to tell
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  • #127,127
  • Jul 30, 2009 7:31pm Jul 30, 2009 7:31pm
Quoting Chicky
I have discovered a new bullish pattern, Headless Camel. One such pattern is very visible on 1H from July 11 to 15. Once this forms, neck of the camel becomes the gap (support) and it days for the PA to come down to middle of the neck again.

These Headless Camels normally have only three legs. Third leg slightly shorter than first two.

We have now completed the third leg of this camel and next sessions may start forming its neck.

Please take it seriously, only at your own risk.
LOL Chicky channelHave you try to be writter?
  • #127,128
  • Jul 30, 2009 7:31pm Jul 30, 2009 7:31pm
IMO,

It will test 1.4058 again

If 1.4058 hold,

then it can go up freely.

Wait until then

TKS
  • #127,129
  • Jul 30, 2009 8:06pm Jul 30, 2009 8:06pm
Good night to all of you.

see you tomorrow.
  • #127,130
  • Jul 30, 2009 8:12pm Jul 30, 2009 8:12pm
Quoting egkid
LOL Chicky channelHave you try to be writter?
I am in the process of writing the last ever book of this world. The title is: "How to Learn Without Reading"
The Thief of Wall Street
  • #127,131
  • Jul 30, 2009 8:17pm Jul 30, 2009 8:17pm
Quoting Chicky
I am in the process of writing the last ever book of this world. The title is: "How to Learn Without Reading"
I'll wait for the audiobook.
Not all sins are created equal
  • #127,132
  • Jul 30, 2009 8:21pm Jul 30, 2009 8:21pm
Quoting The Fool
Please tell me I don't have to depend on Tokyo to get me my 100 pips.
100 PIP TP hit on 1/2 of original position. Thank you Tokyo.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #127,133
  • Jul 30, 2009 8:28pm Jul 30, 2009 8:28pm
Quoting The Fool
100 PIP TP hit on 1/2 of original position. Thank you Tokyo.
Not bad for someone that doesn't know the basics about trading


That worth loads of % I trust
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #127,134
  • Jul 30, 2009 8:37pm Jul 30, 2009 8:37pm
Quoting Turveyd
Not bad for someone that doesn't know the basics about trading

That worth loads of % I trust
6% on the day and 19% in the 6 (trading) days since I started the infamous 4% a day 4ever thread. Still have 5-6 hours to go on day 6. I have been swing trading more because I have been slumping scalping and I only really want to scalp during the London open anyway.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #127,135
  • Jul 30, 2009 8:38pm Jul 30, 2009 8:38pm
Quoting Jay Walker
I'll wait for the audiobook.
Sorry Jay, I said writing, not recording. But my audio book will be "100 Reasons Why Reading is Far Better Than Listening".

I will have to record a second book, because there will be no second edition of my first book.

Now I am looking at my Camel PA, she has developed a neck.
The Thief of Wall Street
  • #127,136
  • Jul 30, 2009 8:47pm Jul 30, 2009 8:47pm
stopped out. that one trade made my 3 possitive trades -11 pips. for the day.. im got a pending short entry at 4124... 30...48...60... 99... but we might have hit the high already
those who can, do. those who cant, talk about those who can
  • #127,137
  • Jul 30, 2009 8:49pm Jul 30, 2009 8:49pm
I highly suggest you check out the following FREE website. I am not affiliated with it, but highly recommend it as a learning tool. It will give you a ton of insight and get you on you way to making pips!

www.babypips.com School of Pipsology

Check it out. Cheers.
  • #127,138
  • Jul 30, 2009 8:52pm Jul 30, 2009 8:52pm
Quoting gatorinla
stopped out. that one trade made my 3 possitive trades -11 pips. for the day.. im got a pending short entry at 4130...48 99.
I owe you one buddy. Something tells me you will have no problem collecting.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #127,139
  • Jul 30, 2009 8:58pm Jul 30, 2009 8:58pm
Quoting The Fool
I owe you one buddy. Something tells me you will have no problem collecting.
after yesterday i could of took the rest of the year off..
those who can, do. those who cant, talk about those who can
  • #127,140
  • Jul 30, 2009 8:59pm Jul 30, 2009 8:59pm
Yesterday,

1.4058 held strongly

So IMO, it will test 1.4058 again.

If 1.4058 holds, then go long for safe. Nothing can change it

Waiting to see

TKS
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