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  • #127,461
  • Aug 1, 2009 1:24pm Aug 1, 2009 1:24pm
Quoting fontu
Hope all up & the 5th wave will be end in the big expanding triangle in tf d1 not this H4 one shown before down for years .
fontu
thanks but hope all down
ROBOT FOREX
  • #127,462
  • Aug 1, 2009 1:36pm Aug 1, 2009 1:36pm
Quoting Forbes55
thanks but hope all down
Yeah, 1.43 looks difficult at this point and seems overbought at this level, may be retrace to 1.41xx and then next bull rally, lets see what experts say! ! !

Good luck to all......
  • #127,463
  • Aug 1, 2009 1:36pm Aug 1, 2009 1:36pm
My intra week low was due last Thursday but came in on Wedndesday which means if early then the trend is still up.

The next high CIT for EUR/USD is due Thursday, but once we get up higher into wednesday then i will have my stop up its arse and wait for confirmation on the H4 to sell as then we may see a decent drop.
  • #127,464
  • Aug 1, 2009 2:05pm Aug 1, 2009 2:05pm
Quoting 5abi
Technically there is no rule that suggest a x% a day is not possible, what you risk is what you would gain (and would lose if you are wrong) for example Goldman Sachs made billions in 3 months time trading currencies. Their cumulative leverage is in excess of 30% any given day.
Oh, I'm not saying it's not impossible. You might need CPR afterwards though as well as a very good entry to start with.

As for Goldman Sachs, if the Government handed me billions of dollars for next to nothing, I'm pretty sure I could do some serious damage to the market as well especially since it isn't my own hard earned money that I'm trading with
Nothing worth having is easy.
  • #127,465
  • Aug 1, 2009 2:21pm Aug 1, 2009 2:21pm
Quoting Patience
Oh, I'm not saying it's not impossible. You might need CPR afterwards though as well as a very good entry to start with.
Hey, if I can lose 60+% of my account in a day or so, then the reverse must be true as well.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #127,466
  • Aug 1, 2009 2:22pm Aug 1, 2009 2:22pm
Quoting Forbes55
thanks but hope all down
Hope it down again halfway & another 2month move to up & down of indecision ,nobody win but still not all down .bull still in action otherwise it should have down to below 1.2 much earler.so far history of failure for bear ( always aborted halfway) I think not so for bull.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #127,467
  • Aug 1, 2009 7:33pm Aug 1, 2009 7:33pm
As I have posted before, I have mainly only taken long trades (aside from small short positions here and there, most of which went to loss) on this pair from last several weeks. This coming week will be no different.

With the big move up Friday, this should retrace a bit in Asian session tomorrow along with the pound-dollar, so I will reload my longs.
Attached Image (click to enlarge)
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Its all in the mind.
  • #127,468
  • Aug 1, 2009 11:49pm Aug 1, 2009 11:49pm
technically bullish way for next week
  • #127,469
  • Aug 1, 2009 11:50pm Aug 1, 2009 11:50pm
Quoting Alihuzaifa
technically bullish way for next week
How much bullish?
The Thief of Wall Street
  • #127,470
  • Aug 1, 2009 11:51pm Aug 1, 2009 11:51pm
Quoting Chicky
How much bullish?
if we talk about short term it can be 200 pips...then major retrace.
  • #127,471
  • Aug 1, 2009 11:52pm Aug 1, 2009 11:52pm
Quoting Alihuzaifa
if we talk about short term it can be 200 pips...then major retrace.
1.4350 next stop
  • #127,472
  • Aug 2, 2009 12:01am Aug 2, 2009 12:01am
Quoting Alihuzaifa
1.4350 next stop
I am short for now with certain reasons, but looking at 1.4500 in near future.

Basis of analysis? Yes - Once it crosses 1.4000 and reluctant in looking back, bulls will look upto 1.4500 . At this level some bulls will prefer sideline. Whoever buys at this level will be at most risk becuase 1.4700 is understandable, but crossing or getting near to 1.5000 will be rollercoaster.
The Thief of Wall Street
  • #127,473
  • Edited 12:27am Aug 2, 2009 12:14am | Edited 12:27am
Quoting Chicky
I am short for now with certain reasons, but looking at 1.4500 in near future.

Basis of analysis? Yes - Once it crosses 1.4000 and reluctant in looking back, bulls will look upto 1.4500 . At this level some bulls will prefer sideline. Whoever buys at this level will be at most risk becuase 1.4700 is understandable, but crossing or getting near to 1.5000 will be rollercoaster.
my basis of analysis is technical...if u look at D1 chart still there is room for more 200pips to go up and then retrace.
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  • #127,474
  • Edited 12:28am Aug 2, 2009 12:23am | Edited 12:28am
Quoting Alihuzaifa
my basis of analysis is technical...if u look at D1 chart still there is room for more 200pips to go up and then retrace.
Agreed. I also see a channel on Daily. We are at present in the middle of this channel. Top is around 1.4400.

ps. I intend to keep on adding to my shorts until Monday's NY open. Then wait and see how NY takes it. If it does not come down by closing hours of NY session, I may take the loss and go long.
The Thief of Wall Street
  • #127,475
  • Aug 2, 2009 12:30am Aug 2, 2009 12:30am
Quoting Chicky
Agreed. I also see a channel on Daily. We are at present in the middle of this channel. Top is around 1.4400.

ps. I intend to keep on adding to my shorts until Monday's NY open. Then wait and see how NY takes it. If it does not come down by closing hours of NY session, I may take the loss and go long.
  • #127,476
  • Aug 2, 2009 1:07am Aug 2, 2009 1:07am
If market open with a gap? may be or may not be but I am on the gap down to 1.4228/00/1.4189.
Just for fun ,do not affect my trading eitherway.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #127,477
  • Aug 2, 2009 1:18am Aug 2, 2009 1:18am
yea any my technical analysis says tp 1.43 its technical.. so lets see
  • #127,478
  • Aug 2, 2009 2:25am Aug 2, 2009 2:25am
chicky survive to fight another day !
  • #127,479
  • Aug 2, 2009 2:46am Aug 2, 2009 2:46am
Quoting The Fool
Hey, if I can lose 60+% of my account in a day or so, then the reverse must be true as well.
Yes, true - hope you got over that all right. You are still around so that says something. But have you made 60+% in a day?

If other traders are anything like me, there is a tendency to let your losers run further than your winners

I liked Rednose's post (which I can't find anymore) about how he used high risk with a small account then made some decent money doing that and now he wants to hold onto that money.
Nothing worth having is easy.
  • #127,480
  • Aug 2, 2009 3:45am Aug 2, 2009 3:45am
OK guys, I guess I've been around long enough not to ask whether the chart will go up or down - BUT I CAN CONFIDENTLY PREDICT that it will move towards the RIGHT!!!

But that 200 pip spike up on GU etc at 1400 Friday foxed me. OK, so the recession is "worse in the US than anyone expected". OMG! Really!! You don't say!!

Some advice please from the experienced folk here -- is it best to avoid getting in until later on Monday when we can see if this is a blip or a permanent feature?

I have seen huge spikes after Red News events, only for the market to come right back to where it was as though nothing had happenned. Is this one of those? Or something else?

Regards
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