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  • #146,801
  • Edited Sep 26, 2009 4:07pm Sep 25, 2009 7:53pm | Edited Sep 26, 2009 4:07pm
Quoting Jay Walker
Yes.

Meanwhile, it's like boxing. I have to be ready to take a few punches. On the daily for instance.

I decide to throw the towel and cash in some pips, I'll be posting about it here.
I gave up that long term thing years ago.

The higher we go the greater the bubble... but the bulls sure aren't going to roll over peacefully.

m
  • #146,802
  • Sep 25, 2009 7:57pm Sep 25, 2009 7:57pm
Quoting acumen
I gave up that long term thing years ago.

The higher we go the greater the bubble... but the bulls sure on going to roll over peacefully.

m
The one I really have to keep an eye on right now is the weekly chart. If that one starts going against me, I'll have to be real careful.
Not all sins are created equal
  • #146,803
  • Sep 25, 2009 9:02pm Sep 25, 2009 9:02pm
EURUSD will not be going up to previous highs anytime soon...

In the next 2 weeks, it will crumble....



Quoting Jay Walker
The one I really have to keep an eye on right now is the weekly chart. If that one starts going against me, I'll have to be real careful.
In Charts We Trust!
  • #146,804
  • Sep 25, 2009 9:26pm Sep 25, 2009 9:26pm
Quoting X.Oden
EURUSD will not be going up to previous highs anytime soon...

In the next 2 weeks, it will crumble....
Ok X.Oden. I agree with part of what you're saying.

I don't know what time frame you trade, but I'm on the monthly one at the moment. So yes, it will drop, but to what point?

http://i38.tinypic.com/wco2z6.gif

To those who regularly read my posts, yes I'm a broken record so feel free to skip over this post.

X.Oden. I'm looking at the PSAR indicator. See the one trend that begun in August. To crumble would mean it would have to drop to 1.2369. In two weeks. A 2298 pips drop.

Will it drop to 1.2369?

Will it drop to 3830?

Like I said, I agree with a portion of what you said. I do believe that it will retrace before going back up. So I'm not doing this to be mean. But seriously, how far do you expect it to crumble?
Not all sins are created equal
  • #146,805
  • Sep 25, 2009 9:43pm Sep 25, 2009 9:43pm
y not range ? that is one possibility
  • #146,806
  • Sep 25, 2009 9:46pm Sep 25, 2009 9:46pm
Quoting trading801
y not range ? that is one possibility
Time will tell. But I doubt it. Summer's over.
Not all sins are created equal
  • #146,807
  • Sep 25, 2009 10:03pm Sep 25, 2009 10:03pm
I just had to go back to my favorite book:
Quote
Few would disagree that, as far as the gathering of market facts is
concerned, technical market research has become increasingly scientific.

Nevertheless, it requires a long stretch of the imagination to [...]
technical market analysis has thus become a science.

No one would deny that having the facts is important, but knowledge of the facts is by no means a substitute
for judgment and skill in handling those facts in order to make sound market-timing decisions.
Traders are smartasses
  • #146,808
  • Sep 25, 2009 10:34pm Sep 25, 2009 10:34pm
I think the USD will eventually rebound what do you guys think?
  • #146,809
  • Sep 25, 2009 11:09pm Sep 25, 2009 11:09pm
If you understand price action, you wouldn't worry about how far its going to drop because you would be in on the action of the drop and exit when the signs tell you to.

But since we're discussing monthly charts here, the EUR may crumble all the way to 1.0252 over the next few years.....because that's typically how far your monthly predicts...if you want a shorter time frame, possible around 1.4490-1.4298

If you knew precisely when and how far at what time, well, I guarantee you would be running the world and not posting here.

I can tell you that on the monthly however, the trend change for the EUR has already begun its Journey south...as of August 08...we are merely in a retracement at this point for another dip...




Quoting Jay Walker
Ok X.Oden. I agree with part of what you're saying.

I don't know what time frame you trade, but I'm on the monthly one at the moment. So yes, it will drop, but to what point?

http://i38.tinypic.com/wco2z6.gif

To those who regularly read my posts, yes I'm a broken record so feel free to skip over this post.

X.Oden. I'm looking at the PSAR indicator. See the one trend that begun in August. To crumble would mean it would have to drop to 1.2369. In two weeks. A 2298 pips drop.

Will it drop to 1.2369?

Will it drop to 3830?

Like...
In Charts We Trust!
  • #146,810
  • Sep 25, 2009 11:16pm Sep 25, 2009 11:16pm
Can anyone give me a good source to Elliott Wave studies? The simpler the method the better, but just some direction to a good mentor....this is something that intrigues me...

Thank you.
In Charts We Trust!
  • #146,811
  • Sep 25, 2009 11:26pm Sep 25, 2009 11:26pm
Quoting X.Oden
If you understand price action, you wouldn't worry about how far its going to drop because you would be in on the action of the drop and exit when the signs tell you to.
Well, I'm still in a long so I obviously don't worry about the current drop. But I won't follow someone else's signs. Only my own...even if I'm wrong.

Quoting X.Oden
But since we're discussing monthly charts here, the EUR may crumble all the way to 1.0252 over the next few years.....because that's typically how far your monthly predicts...if you want a shorter time frame, possible around 1.4490-1.4298
I'll long be in a short on a train to 1.0252. And I can survive a drop to 1.4298 and still profit.

Quoting X.Oden
If you knew precisely when and how far at what time, well, I guarantee you would be running the world and not posting here.
On that mate, I couldn't agree with you more.

Quoting X.Oden
I can tell you that on the monthly however, the trend change for the EUR has already begun its Journey south...as of August 08...we are merely in a retracement at this point for another dip...
I expect it to go higher. Only time will tell I suppose. Meanwhile, we'll just have to agree to disagree.

Happy trades to you mate!
Not all sins are created equal
  • #146,812
  • Sep 25, 2009 11:28pm Sep 25, 2009 11:28pm
Quoting X.Oden
Can anyone give me a good source to Elliott Wave studies? The simpler the method the better, but just some direction to a good mentor....this is something that intrigues me...

Thank you.
most times, eu is in complex or in advance wave patterns. if you want to apply simple method of ew then you may want to think about choosing other pair.
just my 2 cents.
  • #146,813
  • Sep 25, 2009 11:30pm Sep 25, 2009 11:30pm
HAHA. I love the Obama 'Moron' logo
  • #146,814
  • Sep 25, 2009 11:58pm Sep 25, 2009 11:58pm
Quoting Spsantos
I just had to go back to my favorite book:
i think your smarter then you lead on. i wish you would post some analysis. im curious on what your using. charts indis whatever your prospective is and reason behind it if possible.
those who can, do. those who cant, talk about those who can
  • #146,815
  • Sep 26, 2009 12:03am Sep 26, 2009 12:03am
Quoting gatorinla
i think your smarter then you lead on. i wish you would post some analysis. im curious on what your using. charts indis whatever your prospective is and reason behind it if possible.
we dont want more smart ass we already have u loll hehe

just kidding
  • #146,816
  • Edited 4:08am Sep 26, 2009 12:08am | Edited 4:08am
Quoting Alihuzaifa
are u in any trades right now?
No, though I was very busy yesterday evening ,no time to see & close trades as usual & at the same when come to computer added shorts & all trades luckily shorts were closed successufully with my EA . pips closed min but still they all positive , not any negative last week only 2 hit sl .

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #146,817
  • Sep 26, 2009 12:31am Sep 26, 2009 12:31am
Quoting Alihuzaifa
we dont want more smart ass we already have u loll hehe

just kidding
the greatest learning experience you will ever have, begins with the sound of your silent voice.
those who can, do. those who cant, talk about those who can
  • #146,818
  • Sep 26, 2009 1:26am Sep 26, 2009 1:26am
Quoting gatorinla
if 4646 does not hold the next natural number is the double top at 4702 ish.. chart tells me 4750 then 4854.. if move continues there are many other s/r numbers the final number is 1.6409. but with that said 1.4646 is the natural top the way numbers move. i extended it to get the other numbers. using same method on last years chart 1.6 was overextended. not a natural movement in numbers flow. last years high should of been 5483. according to method.. it was extended to next extended line and miss by just a few pips. then quickly retreated. the next...
im not the best at explaining things. but this is what i saw then. we still may get back to 4750 and form a hs. who knows.. this was a predictive chart from march..so far its done what i asked.. the red levels i considered over extended.. anyway if you look closely there is a purple line on a angle.. its a center of a channel line from 2002. on this 4hr chart you can see we are still above it. my 4hr and 1hr chart conflict on where purple line is.. its either at 4580ish on 1hr or 4680ish on the 4hr chart. one is lying.. anyway wa have to get below it for bears to have a chance.. as you see it lower on the left and higher on the right..the trend is up... but in large trends there are trends within trends. most of last years high and all of the low is in this up-trend..we are just above the 50% mark of this large trend and we may go below the 50% mark (purple line).. we could go all the way down to 1.2850 and still be in a upper trend from 2002.....a trend within a trend.. last strong support was 4444 time will tell.. but since high (4855) the movement of pair respects the bear predictive chart..i posted 2 days ago.. time will tell just depends on center line (purple line).. if we bounce or breach it... we could just hug the line like we did in the past for years....this would be nice because it would almost always come back to you......

good luck
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those who can, do. those who cant, talk about those who can
  • #146,819
  • Sep 26, 2009 1:51am Sep 26, 2009 1:51am
hello gatorinla!

i agree to your aim 4750 at least !
if we make a hs its the area we should hit but maybe we do first break down your resistlevel to 4550 area and coming back after that and maybe form then a dt!
but in my opinion we will see 4750 soon!

good trades !
  • #146,820
  • Sep 26, 2009 4:21am Sep 26, 2009 4:21am
Quoting gatorinla
im not the best at explaining things. but this is what i saw then. we still may get back to 4750 and form a hs. who knows.. this was a predictive chart from march..so far its done what i asked.. the red levels i considered over extended.. anyway if you look closely there is a purple line on a angle.. its a center of a channel line from 2002. on this 4hr chart you can see we are still above it. my 4hr and 1hr chart conflict on where purple line is.. its either at 4580ish on 1hr or 4680ish on the 4hr chart. one is lying.. anyway wa have to get below...
Great analysis & explanation . checking charts while sitting idle . perhaps eu in congestion zone /within trading ranges to stay 40% time in a cycle of over 400pips for few months before further up & down again, last time in 2007 november took 3.5 months .so great sideways can have great chance to get more & more pips for less risks for we poor traders.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
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