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  • #156,741
  • Oct 28, 2009 11:12pm Oct 28, 2009 11:12pm
Quoting gatorinla
my key to sell is when a unamed person shows up and says buy.. when he says buy it always retraces.. 4 times on this move since march..
haha don't be a tease gator - kiss & tell
"If The Fool persists in his Folly he will become wise." - William Blake
  • #156,742
  • Oct 28, 2009 11:13pm Oct 28, 2009 11:13pm
Quoting sinner-
I don't project. I just wait for daily candle to show probable reversal and then trade with that bias.

Just look at the 2 daily candles proceeding the Oct 22 candle. Each one closed lower than the high. Smells like a reversal, it's probably a reversal.
OK, so why are you saying tomorrow bearish and then a reversal the next day w/o seeing any green candle?
"Tonight and tomorrow will be bearish, then the market will retrace (wave B up) just as everyone is going short."
  • #156,743
  • Oct 28, 2009 11:13pm Oct 28, 2009 11:13pm
Quoting Artcritique
BUY BUY BUY!!!!!!...

You're trying to get the market to drop, aren't you ?

That's like trying to fool mother nature....
  • #156,744
  • Oct 28, 2009 11:16pm Oct 28, 2009 11:16pm
anyone else seeing this bounce on this area? it is also close to 61.8 area of up move

p.s. I would like to thank forexfactory for 500 posts it has been great!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-102709-9.gif Size: 35 KB
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #156,745
  • Oct 28, 2009 11:19pm Oct 28, 2009 11:19pm
Quoting toshi
Okay then, that's fair...

Still the 150 sell was almost impossible not to recognize. Lots of people saw it
yet people poo-pooed when 150 was for sale. They won't sell it until 125 breaks.

Totally backwards.

Banks have been buying 125/130 and selling over 145/150 for the last two or three retests.

Using the weekly shouldn't you wait for 1,47 to break before entering short?

But again it doesn't really matter as we have no idea anyway...
  • #156,746
  • Oct 28, 2009 11:19pm Oct 28, 2009 11:19pm
Quoting sinner-
I don't project. I just wait for daily candle to show probable reversal and then trade with that bias.

Just look at the 2 daily candles proceeding the Oct 22 candle. Each one closed lower than the high. Smells like a reversal, it's probably a reversal.
on that note if the month ends now. what do you see?
those who can, do. those who cant, talk about those who can
  • #156,747
  • Oct 28, 2009 11:19pm Oct 28, 2009 11:19pm
Quoting wwwin
OK, so why are you saying tomorrow bearish and then a reversal the next day w/o seeing any green candle?
"Tonight and tomorrow will be bearish, then the market will retrace (wave B up) just as everyone is going short."
Should I go get a spoon to feed you?

I am basing my call on a lengthy analysis of market volume, timing and statistics. You know, the sort of information that people are willing to pay good money for, but for some reason you expect for free?

I reserve the right to be wrong by 1 or 2 days, but not too wrong, I seriously doubt any bearish move to continue further into next week without some retrace.
  • #156,748
  • Oct 28, 2009 11:21pm Oct 28, 2009 11:21pm
this pitchfork has the exact same frequency as the channel lines
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-102709-10.gif Size: 37 KB
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #156,749
  • Oct 28, 2009 11:23pm Oct 28, 2009 11:23pm
Quoting sinner-
Should I go get a spoon to feed you?

I am basing my call on a lengthy analysis of market volume, timing and statistics. You know, the sort of information that people are willing to pay good money for, but for some reason you expect for free?

I reserve the right to be wrong by 1 or 2 days, but not too wrong, I seriously doubt any bearish move to continue further into next week without some retrace.
OK got it, you are pro, market volume, timing and statistics, got it...how about sun spot activity, to be complete
  • #156,750
  • Oct 28, 2009 11:25pm Oct 28, 2009 11:25pm
Quoting gatorinla
on that note if the month ends now. what do you see?


Clearly gator on the ball. Yes, I am waiting to see the monthly and weekly close, but not on E/U or G/U.

I am interested in the monthly and weekly close for E/G. This has been the roadmap for me since June. Draw the weekly fib from 08 low to 08 high and you will see why.

My personal bias (which I don't use to trade and is often wrong so you should ignore it) is that E/G will close the week above 0.9 zone.

This gives credence to my thoughts of risk intolerance rejoining the market, especially the high volume on USDX this week at support.
  • #156,751
  • Oct 28, 2009 11:27pm Oct 28, 2009 11:27pm
Quoting wwwin
OK got it, you are pro, market volume, timing and statistics, got it...how about sun spot activity, to be complete
Here is todays sunspot. The current solar activity:

Solar wind
speed: 357.9 km/sec
density: 11.1 protons/cm3

From spaceweather.com

http://spaceweather.com/images2009/2...i512_blank.gif

Smartarse.

I posted a chart on my call on the 22nd of Oct, to my mind it is still valid. If you want more, do your own research.
  • #156,752
  • Oct 28, 2009 11:28pm Oct 28, 2009 11:28pm
Quoting sinner-
Here is todays sunspot

http://spaceweather.com/images2009/2...i512_blank.gif

Smartarse.

I posted a chart on my call on the 22nd of Oct, to my mind it is still valid. If you want more, do your own research.
LOL, that is a good one. I dont want more, I already have taken a position and until I see green candles, it stays that way.
  • #156,753
  • Oct 28, 2009 11:31pm Oct 28, 2009 11:31pm
Quoting wwwin
LOL, that is a good one. I dont want more, I already have taken a position and until I see green candles, it stays that way.
If you want green candles just go to the options in MT4 and make the down candles green
  • #156,754
  • Oct 28, 2009 11:32pm Oct 28, 2009 11:32pm
Quoting sinner-
Should I go get a spoon to feed you?

I am basing my call on a lengthy analysis of market volume,..
Hm, where do u get market volume, except CFTC with huge delay!?You mean those "fake" volume indicators?( CMF,ROC,PMV,OBV,MFI)
  • #156,755
  • Oct 28, 2009 11:32pm Oct 28, 2009 11:32pm
Long term bearish

Short term bearish

Mini Black swan in Global Markets about to happen..trends are changing.

Play it cool
  • #156,756
  • Oct 28, 2009 11:34pm Oct 28, 2009 11:34pm
Quoting Bigvick991
Long term bearish

Short term bearish

Mini Black swan in Global Markets about to happen..trends are changing.

Play it cool
Thanks for the info!

Everyone! SHORT!



Oh, and where's that iggy button?
Traders are smartasses
  • #156,757
  • Oct 28, 2009 11:35pm Oct 28, 2009 11:35pm
Quoting sinner-


Clearly gator on the ball. Yes, I am waiting to see the monthly and weekly close, but not on E/U or G/U.

I am interested in the monthly and weekly close for E/G. This has been the roadmap for me since June. Draw the weekly fib from 08 low to 08 high and you will see why.

My personal bias (which I don't use to trade and is often wrong so you should ignore it) is that E/G will close the week above 0.9 zone.

This gives credence to my thoughts of risk intolerance rejoining the market, especially the high volume on USDX this week...
well if you look back on weeky tf . we spent time here. but below 4700 close friday and that monthly and weekly says lower room availible.. gdp could greatly influence this pair one way or the other. and the trick is no matter good or bad news for u.s. could be taken either way.. it could move the opposite of what we think. if its lower there is lots of room to go down..
those who can, do. those who cant, talk about those who can
  • #156,758
  • Oct 28, 2009 11:35pm Oct 28, 2009 11:35pm
Quoting Larseg
Using the weekly shouldn't you wait for 1,47 to break before entering short?

But again it doesn't really matter as we have no idea anyway...

Well maybe right now it could be better to wait for the big news to release.
But as for 150, that wasn't a matter of trading a chart. That was an order flow, volume driven,
big round number come and get it type of trade. Those are less frequent
and carry high level of discretion on entry.

That's why trading at a figure that prominent will usually involve a drawdown,
but the real money changing hands at such a level can be substantial.
Therefore, the reaction we got (and are still getting) was understandable.

The out of the money calls were written like there wasn't going to be anymore.
152's and higher. They should likely expire worthless, as most options do.
  • #156,759
  • Oct 28, 2009 11:36pm Oct 28, 2009 11:36pm
Quoting gatorinla
well if you look back on weeky tf . we spent time here. but below 4700 close friday and that monthly and weekly says lower room availible.. gdp could greatly influence this pair one way or the other. and the trick is no matter good or bad news for u.s. could be taken either way.. it could move the opposite of what we think. if its lower there is lots of room to go down..
Question gator, think about it really hard, don't bother writing a post to respond here (I would be interested in hearing your thoughts on PM though).

If US GDP data has good effect on USDX, what do you think will happen to E/G at the same time?
  • #156,760
  • Oct 28, 2009 11:43pm Oct 28, 2009 11:43pm
Quoting sinner-
Here we go again, every single time someone mentions forex volume someone who has no idea what the hell they are talking about just has to open their mouth.

All those "fake" volume indicators are just based on volume data, so they are only accurate if the volume is accurate.

You can start by reading the VSA thread instead of pretending you know what you're talking about.

For your information, I have been using those "fake" volume indicators (A/D specifically) to go long on G/U at Nikkei open the other day from 1.629 with a 10 pip SL...
I was just asking, cause there are some ways to quite accurately figure out actual volume on forex markets. I would be really surprised if u had any idea how!

But please, dont even try to teach me about markets! Not forex,not any other! When you'll run your own forex divison then be so smart..

But if anyone wants to trade forex based on "LIVE" market volume go ahead. Even if u had the real one, wouldn't help you much..
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