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  • #133,941
  • Edited 10:57am Aug 21, 2009 10:45am | Edited 10:57am
did a 4h on eu in this last up move and ph4303 is the number i got..so maybe we do retreat some..it definately overshot that number..another reason i wasnt gonna buy that top.. i think next week mon/tues will be big..
those who can, do. those who cant, talk about those who can
  • #133,942
  • Aug 21, 2009 10:50am Aug 21, 2009 10:50am
Quoting JFrog
Predict a close around 1.4270. No analysis whatsoever, just a number that came to mind. So let's see if it's right or way off.
Write it in a forum and it happens
That sounds good to me although i think close will be right around 1.4292
50% fib of the morning move.
70 would be good for me after bailing, fearing a real big move, on the long after the drop from 4375 went short on a bounce at 1.4327. original tp was 1.4218 then moved it up above 1.4250 hoping to be out before the weekend, not looking real strong right now.
  • #133,943
  • Edited 11:10am Aug 21, 2009 10:56am | Edited 11:10am
Quoting stevefx
Thats fine, I'd rather be wrong, believe me, but we're not out of the woods yet, caught support on the lower BB of the 15 min-lets see how it plays out before we break out the party hats and cigars..
Steve, Like Jay Walker said “I prefer to be wrong on my own terms, than be right on yours"

One of those astray street dogs I mentioed in my last night's post bit me in the butt. However, this bite was no deeper than what I was willing to take.

Would like to add to Jay's above statement that " because I know that I would be wrong on my own terms lesser number of times than yours - and this is all I want from my trading"

I am now looking at EUR/USD pair with this angle:
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The Thief of Wall Street
  • #133,944
  • Aug 21, 2009 10:59am Aug 21, 2009 10:59am
Quoting gatorinla
did a 4h on eu in this last up move and ph4303 is the number i got..so maybe we did retreat some..it definately overshot that number..another reason i wasnt gonna buy that top.. i think next week mon/tues will be big..
this big move you are talking about ... long or short?
  • #133,945
  • Aug 21, 2009 10:59am Aug 21, 2009 10:59am
Quoting treasurecay25
That sounds good to me although i think close will be right around 1.4292
50% fib of the morning move.
70 would be good for me after bailing, fearing a real big move, on the long after the drop from 4375 went short on a bounce at 1.4327. original tp was 1.4218 then moved it up above 1.4250 hoping to be out before the weekend, not looking real strong right now.
Technicals favor Euro move down - Except - watch for bear trap formation, shows up good on 15 min chart.. We've been getting hit by these again and again. They have been good for setting higher highs at the least, and preceding breakouts at the worst. I'm thinking maybe another spike north before all this is done.

Anyway I closed my short for a loss-enoughs enough for one day. Somedays you grab the bull by the horns, others you bend over and take it where it counts..

Forgeddaboutitt
  • #133,946
  • Aug 21, 2009 11:00am Aug 21, 2009 11:00am
We saw what happened when the London Desks took profit around 11 AM, a pretty big downward swing, the big question is: did the NY desks took the chance and adjusted their positions around the same time or will the do sometime this afternoon before 4 PM?

If they have not taken some profit yet for week we may see another 50-70 pip drop when they do it, I think.
  • #133,947
  • Aug 21, 2009 11:03am Aug 21, 2009 11:03am
anyone done for the week?
  • #133,948
  • Aug 21, 2009 11:08am Aug 21, 2009 11:08am
Quoting operigote
We saw what happened when the London Desks took profit around 11 AM, a pretty big downward swing, the big question is: did the NY desks took the chance and adjusted their positions around the same time or will the do sometime this afternoon before 4 PM?

If they have not taken some profit yet for week we may see another 50-70 pip drop when they do it, I think.
If any profit taking then some shorts to be closed & automatically price will up & hence just place a long to see how far it can go up till end.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #133,949
  • Aug 21, 2009 11:08am Aug 21, 2009 11:08am
You think E/U will fall down next week?
If I read the Gold charts and use them for E/U. E/U price atm should be 4260... Mostly E/U is lagging, but things can turn and maybe there will be another move north for gold.

Shorts are looking too good to be true, it look so obvious that I'm suspicious.

Quoting gatorinla
did a 4h on eu in this last up move and ph4303 is the number i got..so maybe we do retreat some..it definately overshot that number..another reason i wasnt gonna buy that top.. i think next week mon/tues will be big..
Close your eyes when you feel you are going under.
  • #133,950
  • Aug 21, 2009 11:10am Aug 21, 2009 11:10am
excellent week +++ and now i will be bored to death for comming 2 days


btw-happy ramadan
  • #133,951
  • Aug 21, 2009 11:11am Aug 21, 2009 11:11am
Quoting trading801
anyone done for the week?
No. Anything can happen at any moment of time.
The Thief of Wall Street
  • #133,952
  • Aug 21, 2009 11:14am Aug 21, 2009 11:14am
It wonders me that there wasn't any resistance AT ALL at 1.43. Isn't any rounded number a psy level that should turn the trend a bit for a while? Or maybe I don't really get what psy numbers are?
Close your eyes when you feel you are going under.
  • #133,953
  • Aug 21, 2009 11:14am Aug 21, 2009 11:14am
Read the bible!

Quoting Alihuzaifa
excellent week +++ and now i will be bored to death for comming 2 days


btw-happy ramadan
Close your eyes when you feel you are going under.
  • #133,954
  • Aug 21, 2009 11:17am Aug 21, 2009 11:17am
Quoting fontu
If any profit taking then some shorts to be closed & automatically price will up & hence just place a long to see how far it can go up till end.
fontu
I am talking about the bulls taking profit, they are the ones who have controlled the market all week, therefore if they are to take some their profits they will be closing long positions and not short ones.
  • #133,955
  • Aug 21, 2009 11:19am Aug 21, 2009 11:19am
Quoting Chicky
Steve, Like Jay Walker said “I prefer to be wrong on my own terms, than be right on yours"

One of those astray street dogs I mentioed in my last night's post bit me in the butt. However, this bite was no deeper than what I was willing to take.

Would like to add to Jay's above statement that " because I know that I would be wrong on my own terms lesser number of times than yours - and this is all I want from my trading"

I am now looking at EUR/USD pair with this angle:
Fair enough Chicky..I take it all in stride..winners and losers..Money Management is the key, and I always mind mine..I've been ahead except when I started incorporating this new analysis into my thinking-maybe I'll shelf it and go back to regular technical stuff making me 6% a week..todays move caught many by surprise..how do the Chinese say it-may you live in interesting times..well at least we got that much, even if they are interesting in a crooked sort of way..Peace my friend
  • #133,956
  • Aug 21, 2009 11:19am Aug 21, 2009 11:19am
Quoting VinzZ
Read the bible!
thankyou good advice this ramadan i am gonna read torah,bible and al-Quraan
  • #133,957
  • Aug 21, 2009 11:24am Aug 21, 2009 11:24am
Ah yes saw it on tv that it was ramadan time While praying and bending on the knees to Mekka, do they never fart to tease the people sitting behind them?

Quoting Alihuzaifa
thankyou good advice this ramadan i am gonna read torah,bible and al-Quraan
Close your eyes when you feel you are going under.
  • #133,958
  • Aug 21, 2009 11:26am Aug 21, 2009 11:26am
Quoting VinzZ
Ah yes saw it on tv that it was ramadan time While praying and bending on the knees to Mekka, do they never fart to tease the people sitting behind them?
hahaha no thats the beauty of salah<prayers>

personally i never came accross to any such incident...but donno people may be doing many things LOL
  • #133,959
  • Aug 21, 2009 11:27am Aug 21, 2009 11:27am
Quoting Turtle4x
this big move you are talking about ... long or short?
dono... its like news.. you have to wait for reaction..
those who can, do. those who cant, talk about those who can
  • #133,960
  • Aug 21, 2009 11:30am Aug 21, 2009 11:30am
Heres some of them bear traps I'm talking about..
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