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  • #135,501
  • Aug 27, 2009 3:47am Aug 27, 2009 3:47am
Quoting Hasnaa
Latest Helpful Charts 4 Those Who Care ,
We Care A Lot!
"If The Fool persists in his Folly he will become wise." - William Blake
  • #135,502
  • Aug 27, 2009 3:48am Aug 27, 2009 3:48am
Quoting stevefx
Good post, thanks fontu.

Market manipulation is a serious part of my thinking when I consider medium term directions, or the next move of 140 points or so. I tend to ask myself if I was a hedge fund manager with several billion dollars which way would be more profitable to direct the movement of price just now.

So when we talk about this Goldman Sachs article it seems to be kind of apples and oranges with near term market direction. It just confirms the long term trend is up, not the next small move. Thats why my bias is Short right now, because...
It's funny you say that...to me, and i might be wrong. Hedge funds are NEW to forex. So I personally believe that is why we have the 90% retraces. They are the only ones to "save" bad trades. They are the ones that are making the market move. So after a "big" move, I say to myself, "where did the hedge funds go wrong, and how are they going to save their position". This is just my personal opinion, and how I look at some of my trades.
  • #135,503
  • Aug 27, 2009 3:53am Aug 27, 2009 3:53am
Quoting lapetye
It's funny you say that...to me, and i might be wrong. Hedge funds are NEW to forex. So I personally believe that is why we have the 90% retraces. They are the only ones to "save" bad trades. They are the ones that are making the market move. So after a "big" move, I say to myself, "where did the hedge funds go wrong, and how are they going to save their position". This is just my personal opinion, and how I look at some of my trades.
Yes exactly, thats why I got so screwed up with this last top that was created, because it violated the elliptical path that hedge funds normally move the market in-overextending the pair. I'm sure there were good profitability reasons for it, maybe to take money from guys like me who follow these things...:nerd:
  • #135,504
  • Aug 27, 2009 3:56am Aug 27, 2009 3:56am
Heck... i finally came to realise that i'm neither a bull nor a bear. I'm just direction bias. Don't really care whether it goes up or goes down. Only care that i'm on the train when it leaves the station.

I would say "Why ride the train oneway when you can do it both ways?"



Good trades to all!

ps: Apart from my bullshit, I'm still short bias for September.
  • #135,505
  • Aug 27, 2009 4:01am Aug 27, 2009 4:01am
Quoting stevefx
Yes exactly, thats why I got so screwed up with this last top that was created, because it violated the elliptical path that hedge funds normally move the market in-overextending the pair. I'm sure there were good profitability reasons for it, maybe to take money from guys like me who follow these things...:nerd:
I love theory, I can talk forex theory forever. I hate the posts (EUR/USD 1.5!!!!!!), with no chart or at least some theory. I really, really belive forex was a "tool" for a company to trade their profits or loses on an open market to get their money into dollars. The longer I have been in forex, I have noticed it's now a "vehicle" to trade... for the big banks to MAKE money.

My opinoin again....hedge funds destroyed the stock market. It was tooooo easy for them. They got in a "bad" position.... they market manipulated themselves out.

I think they have entered the forex market. BUT the BIG banks control forex. So they have been fleecing the hedge funds... BUT they hedge funds DO have money, than CAN rescue some of their positions (the 90% retraces we see on big movements).

Just my theory.
  • #135,506
  • Aug 27, 2009 4:02am Aug 27, 2009 4:02am
Quoting Hasnaa
Latest Helpful Charts 4 Those Who Care ,
i do
thanks
  • #135,507
  • Aug 27, 2009 4:04am Aug 27, 2009 4:04am
Quoting lapetye
I love theory, I can talk forex theory forever. I hate the posts (EUR/USD 1.5!!!!!!), with no chart or at least some theory. I really, really belive forex was a "tool" for a company to trade their profits or loses on an open market to get their money into dollars. The longer I have been in forex, I have noticed it's now a "vehicle" to trade... for the big banks to MAKE money.

My opinoin again....hedge funds destroyed the stock market. It was tooooo easy for them. They got in a "bad" position.... they market manipulated themselves out....
http://www.joeydevilla.com/wordpress...racy_photo.jpg
  • #135,508
  • Aug 27, 2009 4:06am Aug 27, 2009 4:06am
Here's a short term trade I have: buy above 1.4251, SL 17 pips; sell below 1.4234, SL 17 pips. TP trail 1 hour bar or 30 pips partial. Take the loss if stopped out.
  • #135,509
  • Aug 27, 2009 4:10am Aug 27, 2009 4:10am
Quoting T.E.Lawrence
http://www.joeydevilla.com/wordpress...racy_photo.jpg
I am now rolling on the floor and laughing.... and it looks as if my ass just fell off. still must carry on, chin up, theres a good lad
  • #135,510
  • Aug 27, 2009 4:10am Aug 27, 2009 4:10am
Quoting T.E.Lawrence
http://www.joeydevilla.com/wordpress...racy_photo.jpg

Knew something like this was coming, but you've been watching too much Glen Beck...
  • #135,511
  • Aug 27, 2009 4:19am Aug 27, 2009 4:19am
Quoting stevefx
Knew something like this was coming, but you've been watching too much Glen Beck...
lol....lol.... I'm not stupid, I was expecting some kind of post like this. I've been "lurking" here for over a year now. My first post was a chart on "theory", my second post was a chart setup "gift" (which would have returned a ton of money GBP/USD today).

Just saying what I think... there's lot's of people like me. Scroll down. 65 members..... 82 guests... guess what those guests have to offer....
  • #135,512
  • Aug 27, 2009 4:24am Aug 27, 2009 4:24am
Quoting stevefx
Knew something like this was coming, but you've been watching too much Glen Beck...
is that his real nose? where is the glove?
those who can, do. those who cant, talk about those who can
  • #135,513
  • Aug 27, 2009 4:27am Aug 27, 2009 4:27am
Quoting lapetye
lol....lol.... I'm not stupid, I was expecting some kind of post like this. I've been "lurking" here for over a year now. My first post was a chart on "theory", my second post was a chart setup "gift" (which would have returned a ton of money GBP/USD today).

Just saying what I think... there's lot's of people like me. Scroll down. 65 members..... 82 guests... guess what those guests have to offer....
I think you've mistaken my post. It wasn't directed twords you, it was directed twords TE Lawrence in a joking way.

I take the issues you point out seriously. Its well known that elections and politics are heavily influenced by big corporate money, so you'd be dumb not to believe that the stock and currency markets are as well...Its obvious. But if you come out and say it, somebody else comes out and screams black helicopters and hangs an area 57 sign on your neck.

Anywho, have a look at my thread if you want to see my ellipsus charts.
(Click on my user name and then on my thread in my profile area)
  • #135,514
  • Aug 27, 2009 4:30am Aug 27, 2009 4:30am
hasnaa is getting beautifull day by day?loool
  • #135,515
  • Aug 27, 2009 4:31am Aug 27, 2009 4:31am
We are sitting on the upwards trend line starting last Tuesday week. To me the trend is up until this breaks. I would only short here on a break of this TL. So far this TL has been respected.

Im keeping an eye in the equity market also which i think is also waiting for unemployment results. We will trade sideways until then.
  • #135,516
  • Aug 27, 2009 4:31am Aug 27, 2009 4:31am
Quoting lapetye
lol....lol.... I'm not stupid, I was expecting some kind of post like this. I've been "lurking" here for over a year now. My first post was a chart on "theory", my second post was a chart setup "gift" (which would have returned a ton of money GBP/USD today).

Just saying what I think... there's lot's of people like me. Scroll down. 65 members..... 82 guests... guess what those guests have to offer....
you got that right,, pm full of sex offers... and the goldmen job that was cancelled.. oh and you do got a couple of bad girls here.. one naughty one really needs a spanken... other then that kinda boring this week..
those who can, do. those who cant, talk about those who can
  • #135,517
  • Aug 27, 2009 4:33am Aug 27, 2009 4:33am
hey guys please i need a serious help...please how do you deactivate your account? i will really appreciate any help please
  • #135,518
  • Aug 27, 2009 4:34am Aug 27, 2009 4:34am
Quoting gatorinla
is that his real nose? wear is the glove?
They're in South America now with Elvis and Hitler, where else?
  • #135,519
  • Aug 27, 2009 4:34am Aug 27, 2009 4:34am
Quoting gatorinla
pm full of sex offers...


You lucky bastard!
  • #135,520
  • Aug 27, 2009 4:34am Aug 27, 2009 4:34am
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