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  • #162,121
  • Nov 16, 2009 3:26pm Nov 16, 2009 3:26pm
That ridiculing or demeaning others would improve us. I am not a chartist, but I enjoy looking at other peoples explanations. In the case of your last chart, it was instant visual connection to a sunset, and I ran off at the mouth. I think perhaps others have similar types of problems. Bored's only 'sin' was wanting to promote more of his work???? If that is a sin. We all like to be right.
Quoting SerpentDove
It was a coy response to Boredtoloose's charts being poked at.
Ah Luv the smell of a good prediction in the mornin!
  • #162,122
  • Nov 16, 2009 3:26pm Nov 16, 2009 3:26pm
Quoting Atlast
That's interesting. There's always some big commercial that is gong to be positioned on the wrong side, and I'm guessing that just as Barrick has clsed their hedge books, another is opening their's. Probably the safest investment long term is gold, silver, if you're willing to withstand the pullback when it comes. Now would be a good time.
Hi Atlast how you goin'


Is that possible as commercials just hedge, and don't really care about up or down... Or did you mean non-commercial?
  • #162,123
  • Nov 16, 2009 3:33pm Nov 16, 2009 3:33pm
Quoting toshi
Actually, this is what has my attention today.

And it's like watching 2 turtles screwing.

Hehe, that's a great mental picture T.
Here's the visual one also...
Inserted Video
  • #162,124
  • Nov 16, 2009 3:39pm Nov 16, 2009 3:39pm
The only thing worse than seeing turtles go at it, is hearing it, believe me!
  • #162,125
  • Nov 16, 2009 3:45pm Nov 16, 2009 3:45pm
Quoting Larseg
Hehe, that's a great mental picture T.
Here's the visual one also...
http://www.youtube.com/watch?v=eKxmM9n1b8g

That is so amazing !

I make the same noise as that turtle every time I hump a shoe.

Thanks for sharing, Larseg. That was very thoughtful.

Also, for anyone laughing at this poor turtle humping a shoe and thinking it was another turtle,
think back for a moment at some of the creatures you've had intercourse with and thought
you were doing fine at the time....not so funny now, is it ???

Hey, you know what ? MAYBE he KNEW it was a tennis sneaker and fucked it anyway !

Freaky turtle !
  • #162,126
  • Nov 16, 2009 3:45pm Nov 16, 2009 3:45pm
My 3 Long @ 1.4980 is struggling here at -14 pips... is it going back up or not..???
  • #162,127
  • Nov 16, 2009 3:48pm Nov 16, 2009 3:48pm
Quoting Exsilium
My 3 Long @ 1.4980 is struggling here at -14 pips... is it going back up or not..???
Read the chart...can you explain why did you buy at 1.4980???
  • #162,128
  • Nov 16, 2009 3:49pm Nov 16, 2009 3:49pm
Quoting gatorinla
levels i find important. as where we currently are (4965). widder yellow number/lines should be stronger. use if like or throw away.
after all that shit they got back together. tick tock..
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 23 KB
those who can, do. those who cant, talk about those who can
  • #162,129
  • Nov 16, 2009 3:51pm Nov 16, 2009 3:51pm
Quoting Exsilium
My 3 Long @ 1.4980 is struggling here at -14 pips... is it going back up or not..???

Cut winners short and let your losers run....
  • #162,130
  • Nov 16, 2009 3:55pm Nov 16, 2009 3:55pm
i said it and you didnt believe me. acuman said it and you didnt believe him. shes better looking then acumen.

http://www.cnbc.com/id/33972133
those who can, do. those who cant, talk about those who can
  • #162,131
  • Nov 16, 2009 3:58pm Nov 16, 2009 3:58pm
Quoting SilverShark
Read the chart...can you explain why did you buy at 1.4980???
Was going off the 23.6 fib level from the 19:15 bar to the high of today. I also had an entry at the 38.2 fib level, but it SL at BE. - The typical indicators (Stoch, RSI and CCI) were in oversold territory on the M15, and while Stoch was overbought on the H1 I see to many instances where it hovers in overbought for several hours and RSI and CCI were neutral on the H1.

Combined with my firm belief in the bearish USD it seemed a prudent trade, in fact, the last entry at 14960 (the trade that broke even) was almost the bottom of the current retracement, missed by only 5 pips.

I like the dollar cost averaging, it allows me to get in a little earlier just in case it doesnt hit the entry target Im looking for, while at the same time, allowing me to adjust the overall entry point if it does actually go farther than my target entry.

Please, by all means, tear my theory apart, Ive been trading for barely a year and I take all advice as part of my effort to expand my knowlege.

Using this same thinking Ive made around 200 pips in the last day.

Also, gold has gained back half its retracement and gold as a secondary confirmation.
  • #162,132
  • Nov 16, 2009 4:01pm Nov 16, 2009 4:01pm
Exsilium what was your reason for the long? Anything you saw on your chart that told you put the longs? I would highly suggest to look at your chart and base your commitments according to that. We are trading a hair above Daily R1 pivot and today is monday so you have to see how was the volume today if it was a low volume spike then it most likely stop hunt. I warned earlier that there is going to be a spike after the news event. 1.496 is a critical area. Any weekley close above or below that is going to be significant. We are still trading below previous highs of 1.505 area. We haven't had daily or weekley close above that area so looks like that is the area u want to go long when we have a close above that. I would suggest put a SL and let the market do its thing. No point staring at the pc whole night and worying about the trade
  • #162,133
  • Nov 16, 2009 4:05pm Nov 16, 2009 4:05pm
Quoting Larseg
Hi Atlast how you goin'


Is that possible as commercials just hedge, and don't really care about up or down... Or did you mean non-commercial?
Hi there, I meant commercials. Sometimes they make the hedge and wish they didn't, a bit like Barrick in recent gold run. and a way like China took big hit on their options losses in commodities mid year, though options different than futures it is still regarded as hedging activity. JP Morgan hedge fund is larger than Goldman Sachs. From what I can see, Goldman is talking up oil to over $85/barrel, the opposite to JP Morgan, and JP I see is rumoured to be making big bet with gold. Oil price is not sustainable from all the stockpile their apparently is, but seasonally this is the time of year when the oil price demand should be high I should think. Since there is a speculative investment bubble forming it will come crashing down fairly soon I should think, but runawy markets always run further than anyone expects.
  • #162,134
  • Nov 16, 2009 4:06pm Nov 16, 2009 4:06pm
Quoting Exsilium
Was going off the 23.6 fib level from the 19:15 bar to the high of today. I also had an entry at the 38.2 fib level, but it SL at BE. - The typical indicators (Stoch, RSI and CCI) were in oversold territory on the M15, and while Stoch was overbought on the H1 I see to many instances where it hovers in overbought for several hours and RSI and CCI were neutral on the H1.

Combined with my firm belief in the bearish USD it seemed a prudent trade, in fact, the last entry at 14960 (the trade that broke even) was almost the bottom of the current retracement,...

Your trade will be fine. This is just slow market ranging. Put your stops below the spike low at 1.4879 or if you can handle the drawdown below the TL at 1.4730. Patience is all that is required to make 250 pips on this trade. Relax, this week has four whole trading days to go.
"Timing Is Everything. Really I Swear It Is"
  • #162,135
  • Nov 16, 2009 4:07pm Nov 16, 2009 4:07pm
Quoting Exsilium
My 3 Long @ 1.4980 is struggling here at -14 pips... is it going back up or not..???
Its going back up but its the end of the day what do you want? 1.5043 could get broken easily but there could be some wobble before breaking over 1.5. Medium term no way its (43/63) holding as a top. 1.5 is like this. Last time it took 3 months to break through it convincingly. Economy going to hell again? yes. Before February? Probly not. Longer term my guess we near all time highs then shit hits fan. Splat.

H1 shows sick strong deep support and bands are sqeezing tight. Could get interesting later this evening. I am long from where I called it earlier 4955.
  • #162,136
  • Nov 16, 2009 4:08pm Nov 16, 2009 4:08pm
Anyone a divergence expert? Is there a divergence on spike low on 10/02 and low 11/03
  • #162,137
  • Nov 16, 2009 4:10pm Nov 16, 2009 4:10pm
merry chistmas


http://www.cnbc.com/id/15840232/?vid...2936523&play=1
those who can, do. those who cant, talk about those who can
  • #162,138
  • Nov 16, 2009 4:11pm Nov 16, 2009 4:11pm
Quoting Exsilium
Was going off the 23.6 fib level from the 19:15 bar to the high of today. I also had an entry at the 38.2 fib level, but it SL at BE. - The typical indicators (Stoch, RSI and CCI) were in oversold territory on the M15, and while Stoch was overbought on the H1 I see to many instances where it hovers in overbought for several hours and RSI and CCI were neutral on the H1.

Combined with my firm belief in the bearish USD it seemed a prudent trade, in fact, the last entry at 14960 (the trade that broke even) was almost the bottom of the current retracement,...
Than you must be patient...stoch is now around 70 on H1 ( i dont like smaler TF)....put SL and enjoy
  • #162,139
  • Nov 16, 2009 4:12pm Nov 16, 2009 4:12pm
This is a very decent group. Besides, it's really hard to critisize something that works..

[quote=Exsilium;3237171]

Please, by all means, tear my theory apart, Ive been trading for barely a year and I take all advice as part of my effort to expand my knowlege.

Using this same thinking Ive made around 200 pips in the last day.

quote]
Ah Luv the smell of a good prediction in the mornin!
  • #162,140
  • Nov 16, 2009 4:13pm Nov 16, 2009 4:13pm
Quoting stevefx
Its going back up but its the end of the day what do you want?...
Thank you for your response. I assume bands = Bollinger Bands, and a break above 14985 expects some upward movement and a break below 14955 expects some downward movement? Ive always been iffy on BB, as from earlier today, the bottom band was broken strong, yet it jumped right back up. Granted, that was on news which isnt great for stability in the first place, but I still havent found a way to confidently read Bollinger Bands.

Further researching the price relationship to the bollinger bands, it did break the top band at the 21:00 bar up to 15015 but came back down, again this is confusing...
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