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  • #134,221
  • Aug 24, 2009 2:46am Aug 24, 2009 2:46am
Quoting Atlast
Oh, Yes.
Next stop for me 1.4267, then 1.4244
next stop is 4350, then 4400 today
ROBOT FOREX
  • #134,222
  • Aug 24, 2009 2:47am Aug 24, 2009 2:47am
Quoting toshi
You know, ever since Michael Jackson passed away, the markets have been a bitch to trade.

What's up with that ?

Yes I Have noticed...And I don't think it's because of MJ but
Summertime mate... summertime...
  • #134,223
  • Aug 24, 2009 2:49am Aug 24, 2009 2:49am
Well there's northern breakout potential here. Also potential for the move south remains. I'm in it Long for two small positions, at 4301 and 4290.

My reasoning aside from the good technical setup:

1) Sick of losing on short trades, so going with the trend.
2) Not satisfied that the RSI on the 4hr has completed its journey. Every single major push north since March has shown that its gotten pushed to or above 70. This is a major push north and that hasn't happened yet.
Possibly dumb, but worth a shot.
  • #134,224
  • Aug 24, 2009 2:50am Aug 24, 2009 2:50am
Quoting Forbes55
next stop is 4350, then 4400 today
markets tend to open near the top or bottom of the day, odds are against you getting there before me.
  • #134,225
  • Aug 24, 2009 2:52am Aug 24, 2009 2:52am
Quoting Atlast
markets tend to open near the top or bottom of the day, odds are against you getting there before me.
I didn't understand you, but the trend is still up
ROBOT FOREX
  • #134,226
  • Aug 24, 2009 2:52am Aug 24, 2009 2:52am
Quoting traderathome
Has the look of dropping.....Friday's Daily R1 level is in area of 262% FE off BB pinch, a possible target if it drops. If it drops strongly, then the Weekly mR1 level, which is in area of 424% FE off bb pinch, is a target.
Hit target 262% FE. Current PA may just be a pullback staging for another further drop.
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  • #134,227
  • Aug 24, 2009 2:57am Aug 24, 2009 2:57am
Quoting Forbes55
I didn't understand you, but the trend is still up
I repeat, markets tend to open near the top or bottom of the day. A trading fact statistically. Have a look at your daily chart. Trend is down intraday, and up on daily basis. Which TF are you trading.
  • #134,228
  • Aug 24, 2009 2:57am Aug 24, 2009 2:57am
Quoting The Fool
Well, then, I'll just have to kill you.

Haha jk, you da man, toshi, you never wrong....are you?
Aw shit man,

I screw it up sometimes so much I can't see straight.

My line in the sand is Unchanged for the day, not necessarily only the daily pivot.

Just remember (and there's an entire system/method built on this):

In order to achieve -100 on the day, it has to pass -50 first

(same works for +100 and +50 as well.)
  • #134,229
  • Aug 24, 2009 3:00am Aug 24, 2009 3:00am
For now, stalling at the daily pivot.

If the sharks smell enough blood, they will attack.

Watch for that return to unch. won't change anything.
will simply keep the pivot in play and give sellers another shot.

If this is the plan, 4270 is important here.
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  • #134,230
  • Aug 24, 2009 3:05am Aug 24, 2009 3:05am
morning guys,

Starting my day here..

Advice?
consensus..long/short?
  • #134,231
  • Aug 24, 2009 3:08am Aug 24, 2009 3:08am
Quoting $maker
morning guys,

Starting my day here..

Advice?
consensus..long/short?
Never ask people wheter you should go long or short.
You're doomed to fail.
  • #134,232
  • Aug 24, 2009 3:10am Aug 24, 2009 3:10am
Quoting toshi
Aw shit man,

I screw it up sometimes so much I can't see straight.

My line in the sand is Unchanged for the day, not necessarily only the daily pivot.

Just remember (and there's an entire system/method built on this):

In order to achieve -100 on the day, it has to pass -50 first

(same works for +100 and +50 as well.)
Inserted Video
those who can, do. those who cant, talk about those who can
  • #134,233
  • Aug 24, 2009 3:12am Aug 24, 2009 3:12am
Quoting Tjpld
Never ask people wheter you should go long or short.
You're doomed to fail.
i dont do what people tell me to.
Since i joined right now... i just wanted to get an idea of what the pros out here are looking at.. only to then compare it with my own judgment and analysis.

thx for your advice
  • #134,234
  • Aug 24, 2009 3:15am Aug 24, 2009 3:15am
Quoting gatorinla
http://www.youtube.com/watch?v=UaEC-...x=0&playnext=1

wow what a great way to start the trading day...well done gator
  • #134,235
  • Aug 24, 2009 3:18am Aug 24, 2009 3:18am
Quoting gatorinla
http://www.youtube.com/watch?v=UaEC-...x=0&playnext=1

Gator that was a trip. Thanks.

Makes me wonder why Chuck Berry never followed up his song with the sequel:

"My Big Black Dick"
  • #134,236
  • Aug 24, 2009 3:23am Aug 24, 2009 3:23am
nice one bro...
this vid made me think about another recent song...

check this vid... dont know how to post the video here
video is irrelevant.. btw... so just lissen

Inserted Video



ok lol it just posted it self
  • #134,237
  • Aug 24, 2009 3:32am Aug 24, 2009 3:32am
Nobody's trading because they're watching Youtube .

Okay,

Here's the other side of the looking glass. Swissy.

Finding Euro buyers might be easier than finding sellers for the Dollar Swiss.
Could support the Euro/Swiss back to 152 or better.

All in all, makes the USD a less attractive sell, keeping the barometer at neutral for the dollar.
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  • #134,238
  • Aug 24, 2009 3:40am Aug 24, 2009 3:40am
after open euro market, trade's become dull,ranging only.Need to wait US market open

Euro Bulll and US Bear
  • #134,239
  • Aug 24, 2009 3:41am Aug 24, 2009 3:41am
all the experienced people,

Industrial New Orders m/m - Does this news historically move the pair?

thxx
  • #134,240
  • Aug 24, 2009 3:43am Aug 24, 2009 3:43am
1,4280 = very strong.. whether we will see 70 or 60? positive news (expected for eur) are coming in 20 min...
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