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  • #139,241
  • Sep 5, 2009 4:33pm Sep 5, 2009 4:33pm
Quoting Alihuzaifa
hahaha u are still stuck with funny bubbles
Just a hobby now buddy, analytical work on that stuff is already done. I follow price movement with RSI mostly and use those charts as only background material. Lets just say though, next time price dips around 4200 I'll be taking an extra half a long position..
  • #139,242
  • Sep 5, 2009 5:21pm Sep 5, 2009 5:21pm
Divergence on all 3 time frames say down for Sunday night.
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  • #139,243
  • Sep 5, 2009 5:33pm Sep 5, 2009 5:33pm
Smart money will draw the UTL thru the NFP spike like it never happened. This will pull your bottom up to around the 4220 area.

Quoting fontu
If the counts are ok & diverging triangle be true then it can retrace to 1.4160 level but unlikely , should be at 1.4190 as best fit. but if follow any other alternative counts then 1.4038 still possible,ltl weekly. Anyway as long as it respects triangle & LTL daily should not come down below 1.4153 .
As the bull gaining power for many months accumulation & bears failed all tests it down there should be strong up thrust from this week whatever it may down before that.
fontu
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  • #139,244
  • Sep 5, 2009 5:36pm Sep 5, 2009 5:36pm
Quoting Nene
Divergence on all 3 time frames say down for Sunday night.
what low u expect?1.4230?dun think less is likely, not on that timeframe anyways
  • #139,245
  • Sep 5, 2009 5:43pm Sep 5, 2009 5:43pm
I think you will be close with that number. I will wait for the hourly to play out, because the longer it takes to drop, the higher the low may be. I don't see it coming out of this triangle quite yet. But when it does, look for it to go out the top. But remember, anything can happen.

J

Quoting ledobedo
what low u expect?1.4230?dun think less is likely, not on that timeframe anyways
  • #139,246
  • Sep 5, 2009 5:55pm Sep 5, 2009 5:55pm
Quoting Nene
because the longer it takes to drop, the higher the low may be.

J
what do you mean? the longer it takes to drop, the smaller the divergance?
  • #139,247
  • Sep 5, 2009 9:30pm Sep 5, 2009 9:30pm
Hi Everyone !

Both losers & winners I see this week as I am cruising over some posts.

I went out in a loss but I still have a smile on me face, why?

I think we all need some motivation now so let me regurgitate some old knowledge we all know... (or should know ).

1. Your method/system is working it just didn't work out this week. Since the homework have been done we can relax and continue our execution the next week. Maybe in a smaller size??

2. There are numerous ways of making money in the market and numerous ways of loosing, are you creating your own road? Maybe you should consider it...

3. Are you too emotionally evolved? Maybe set & forget is the way for you too go (I know I have to).

4. Risk/Reward should at least be 1.75 and just leave martingale out of it... Please... ( I normally have 1:2 & 1:3 ratios)

5. Maximum of 2-3% Stop Loss of your account on (ALL trades which are active).

6. The power of % winnings
( If you only have 1000 dollars do you know how much that could be if you can have only 40% a year? after 10 years that is 29k's! and after 20 years 836k's!! So don't rush it!!)

7. It's not how much money you make it's the consistency which makes you rich.



Some suggestions for change of methods, Fibonacci, Pin bar, Price action with MACD... Several people are trading without a chart so seriously... Get your puzzle together !!!
  • #139,248
  • Sep 5, 2009 9:31pm Sep 5, 2009 9:31pm
Quoting Nene
Smart money will draw the UTL thru the NFP spike like it never happened. This will pull your bottom up to around the 4220 area.
Some of the smartest money is down around 10% this summer.

So maybe they should go back and get a new etch and sketch.

The move north you saw on Friday wasn't big bank support.

It was jr trader shit.

That doesn't mean we aren't going higher... it does mean we probably have another week of low volume range bound bullshit.

The big question is... can the bulls sustain this rally until the data catches up?

I'm betting they can't.

Mike
  • #139,249
  • Sep 5, 2009 9:49pm Sep 5, 2009 9:49pm
you may be right for the immediate short term. And I dont like to make these kind of predictions, but I think unless 4150 is broken even may be 40 for the stronger hearted, there is still some upside left. It needs to take that 45-46 before a move down. But again as I said, either scenario will not affect someone like me with a 30-40 pip targets and losses for the day to day affairs

Quoting Nene
Divergence on all 3 time frames say down for Sunday night.
Its all in the mind.
  • #139,250
  • Sep 5, 2009 9:50pm Sep 5, 2009 9:50pm
though if u do wanna short then GU and GJ appear in a better shape for tomorrow night
Its all in the mind.
  • #139,251
  • Sep 5, 2009 10:03pm Sep 5, 2009 10:03pm
Quoting 5abi
though if u do wanna short then GU and GJ appear in a better shape for tomorrow night
i wud say they as good as the eur usd..all three below the hourly resistance..funny that stoch for all three are pretty much at the exact place too
  • #139,252
  • Sep 5, 2009 10:07pm Sep 5, 2009 10:07pm
yes, but GU and GJ move faster and further (well, cuts both ways, could also snap that stop equally faster)

Quoting ledobedo
i wud say they as good as the eur usd..all three below the hourly resistance..funny that stoch for all three are pretty much at the exact place too
Its all in the mind.
  • #139,253
  • Sep 5, 2009 10:12pm Sep 5, 2009 10:12pm
Quoting 5abi
yes, but GU and GJ move faster and further (well, cuts both ways, could also snap that stop equally faster)
tru they more volitale..no chances taken, i ll wait for confirmation..not very wise to enter the market first hour after the weekend
  • #139,254
  • Sep 5, 2009 10:42pm Sep 5, 2009 10:42pm
Quoting ledobedo
tru they more volitale..no chances taken, i ll wait for confirmation..not very wise to enter the market first hour after the weekend

yeah first few hours are jus low vol noise
  • #139,255
  • Sep 5, 2009 10:45pm Sep 5, 2009 10:45pm
not if u know what you are doing, low volume is not all that bad, use a 5-15 minuet chart and an hour into asia open u will see what I mean

btw do they still let u post on the news section, i heard they form some kind of network or something and only few guys can post and that did not include u?

Quoting trading801
yeah first few hours are jus low vol noise
Its all in the mind.
  • #139,256
  • Sep 5, 2009 11:02pm Sep 5, 2009 11:02pm
Quoting 5abi
not if u know what you are doing, low volume is not all that bad, use a 5-15 minuet chart and an hour into asia open u will see what I mean

btw do they still let u post on the news section, i heard they form some kind of network or something and only few guys can post and that did not include u?

yeah FNN .. i am not in it.. i am not worthy enough i guess
  • #139,257
  • Edited 1:04am Sep 6, 2009 12:48am | Edited 1:04am
Quoting ledobedo
i wud say they as good as the eur usd..all three below the hourly resistance..funny that stoch for all three are pretty much at the exact place too
gy d pivot is about 151.98 (current 152.41) so maybe we could see it lower. and then resume trend.. all depends on equitys and flight to safety. heres something that may pull equitys lower. as always time will tell.
http://www.bloomberg.com/apps/news?p...d=aL5RTCpQE6i0
bubble
http://www.bloomberg.com/apps/news?p...d=a0I.vQ0VvGUc
those who can, do. those who cant, talk about those who can
  • #139,258
  • Sep 6, 2009 1:35am Sep 6, 2009 1:35am
Quoting gatorinla
... all depends on equitys and flight to safety.....
Gator, do you think 1034 is a magic magnetic number for flight to and from safety?
The Thief of Wall Street
  • #139,259
  • Sep 6, 2009 2:37am Sep 6, 2009 2:37am
i just a beginner, from demo i get 60% profit of 1000usd per month only with simple parabolic and forex news.
so can i go into live account?
actually still had few question i wish to ask you all exprience....
ayway, thanks.........
  • #139,260
  • Sep 6, 2009 3:24am Sep 6, 2009 3:24am
Quoting trading801
yeah FNN .. i am not in it.. i am not worthy enough i guess
ok then better be busy trading
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