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  • #145,461
  • Sep 22, 2009 6:29pm Sep 22, 2009 6:29pm
Bollinger on H1 has turned on the brakes on price so far.
ok Friendo? This is madness!?!? - THIS, IS, FOREX!!!
  • #145,462
  • Sep 22, 2009 6:29pm Sep 22, 2009 6:29pm
Quoting GulfCoastPip
34 pip spike on EU.
lol does anybody have the ballz to fade these anymore...?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #145,463
  • Sep 22, 2009 6:32pm Sep 22, 2009 6:32pm
Quoting ahlamo
yep from kinder garden to college! lol I like their perspective though! intersting and right on point

went through the whole thing yesterday, funny how you read stuff once and then read it again a year after and you get more out of it..

Even easy stuff you thought you knew you realize you didn't know it at all
and you get a new perspective on the whole thing...

But hey, that's what forex is all about being able to think outside of the box...


funny how one idea can change your life...

good page though... new article out on fxstreet also...education page...
  • #145,464
  • Sep 22, 2009 6:35pm Sep 22, 2009 6:35pm
wow what happen?

all my 3 systems took profit within 2 hours
  • #145,465
  • Sep 22, 2009 6:36pm Sep 22, 2009 6:36pm
Quoting The Fool
lol does anybody have the ballz to fade these anymore...?

hehe I thought about the same thing, I am waiting to go short for next week using the weekly pivot res... (dependent on where the price is of course)..

A lot of news from eur today though...
  • #145,466
  • Sep 22, 2009 6:37pm Sep 22, 2009 6:37pm
What caused that spike to happen? No news, and if it was indirectly related to the NZ GDP it took almost 45 minutes to shake things up... Now I'm asking myself why am I back in after a year of no trading. I shorted at 1.4780 a earlier today, thought I picked a top and was so proud of myself, ha ha.

I opened another short @ 1.4820. So, $860 in the hole now.
  • #145,467
  • Sep 22, 2009 6:37pm Sep 22, 2009 6:37pm
Quoting The Fool
lol does anybody have the ballz to fade these anymore...?
LMAO! I'm glad I was flat at the time, scalped a few pips today, but that's about it. Shit like that will wake you up though!
  • #145,468
  • Sep 22, 2009 6:42pm Sep 22, 2009 6:42pm
Quoting xtensive
Question for pivot traders...on a day like today when the day starts fairly close to the pivot and then rockets away not retracing towards the pivot at all (other than to bounce off R2 a few times as support instead of resistance), is that a sign of a major move back to the pivot in the future?

Usually price likes to move towards the pivot during the day at some point from my observations...any insight?

Mike
Good question, xtensive.

Short answer: in ranging market conditions, I might be thinking a fade back to the pivot could be a real play. Lately, though, movement (long, in this case) away from the pivot is likely to keep on going. Pivots are cool but they are not like some magic magnet that can negate an overall trend. Just my $0.02.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #145,469
  • Sep 22, 2009 6:42pm Sep 22, 2009 6:42pm
Quoting The Fool
lol does anybody have the ballz to fade these anymore...?


lol haha
  • #145,470
  • Sep 22, 2009 6:43pm Sep 22, 2009 6:43pm
Any Sydney citizens that saw the red sand in the air this morning?

looked amazing, I thought there was a fire outside of me house...
  • #145,471
  • Sep 22, 2009 6:46pm Sep 22, 2009 6:46pm
Quoting The Fool
lol does anybody have the ballz to fade these anymore...?
Well, I did fade this one for 3 x 5-pip scalps. Had just woke up and got 2 on the way up, as well. Old habits die hard. Back in the day (yeah, a month ago - remember Home on the Range? Scalpers Joy?) what went up could be counted on to come down. Not so sure now....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #145,472
  • Sep 22, 2009 6:50pm Sep 22, 2009 6:50pm
It sure is nice to finally see some selling pressure. Lets see if it sticks.
  • #145,473
  • Sep 22, 2009 6:51pm Sep 22, 2009 6:51pm
Thanks, that makes sense in a more trending market. I've just started watching the pivots in the last few months.

Mike
  • #145,474
  • Sep 22, 2009 7:02pm Sep 22, 2009 7:02pm
This range looks like its in some trouble, eh?
  • #145,475
  • Sep 22, 2009 7:04pm Sep 22, 2009 7:04pm
If there is strength enough to break this area....hmmmmmm. Probably not, but who knows?
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #145,476
  • Sep 22, 2009 7:13pm Sep 22, 2009 7:13pm
Lets see how it plays out

Just FYI...
Currently I am short and am loading all shorts on EU till 4956.....
3% is my risk value on each trade.......
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Let Price determine your future!
  • #145,477
  • Sep 22, 2009 7:15pm Sep 22, 2009 7:15pm
Cool. Why not? That weekly chart should come into play soon.

Quoting Geppyg
Lets see how it plays out
  • #145,478
  • Sep 22, 2009 7:18pm Sep 22, 2009 7:18pm
word on the street is that china is talking down the dollar to get a better rate on US treasuries.

that's why it seems a lot of pairs either keep going up or keep going down.

thoughts?
  • #145,479
  • Sep 22, 2009 7:22pm Sep 22, 2009 7:22pm
Quoting sed34
word on the street is that china is talking down the dollar to get a better rate on US treasuries.

that's why it seems a lot of pairs either keep going up or keep going down.

thoughts?
This has nothing to do with the movement we just got in the euro...
The euro has moved as the GDP in NZD has come out as forecasted.....and this is very good for carry trades.....hence the co-relative impact....Also the fundamental take on this is that nzd out of reccession..if you know what I mean...

I dont look at fundies...distorts your thought process if you are a day trader just look at TA....Trendlines and that should be enought to pull pips out of this market

Good Luck
Let Price determine your future!
  • #145,480
  • Sep 22, 2009 7:25pm Sep 22, 2009 7:25pm
Quoting sed34
word on the street is that china is talking down the dollar to get a better rate on US treasuries.

that's why it seems a lot of pairs either keep going up or keep going down.

thoughts?
....word on the street changes depending on which corner you standing on.

Maybe China would like to see the US continue to monetize its debt. The eventual result will be the destruction of the USD as the reserve currency. China will keep on buying Treasuries at whatever cost with this ultimate goal in mind.

Take a look around the junkyard & tell me what are the two and only two junkyard dogs? Them dudes bound to rumble sooner or later, one way or another.
"If The Fool persists in his Folly he will become wise." - William Blake
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