on yachts
- #164,182
- Nov 22, 2009 7:52am Nov 22, 2009 7:52am
- Joined Feb 2006 | Status: Spartan Attitude | 1,500 Posts
In Charts We Trust!
- #164,183
- Nov 22, 2009 8:09am Nov 22, 2009 8:09am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
I can tell you its definitely not here lol!
...going to move tp 4-5 rr & sl to be..... good luck guys in upcoming days
- #164,185
- Nov 22, 2009 8:25am Nov 22, 2009 8:25am
Good weekly view, I have almost precisely the same outlook for the upcoming week. Nice bear week, get short from mid 4900's.
Fiber daily:
If we go break the 50 day MA, we could test the October low ..
"I am convinced that He (God) does not play dice." - Albert Einstein
- #164,187
- Nov 22, 2009 9:06am Nov 22, 2009 9:06am
- Joined Oct 2008 | Status: sideline is a position | 105,186 Posts
those who can, do. those who cant, talk about those who can
- #164,189
- Nov 22, 2009 9:42am Nov 22, 2009 9:42am
- Joined Oct 2008 | Status: sideline is a position | 105,186 Posts
those who can, do. those who cant, talk about those who can
- #164,190
- Nov 22, 2009 10:04am Nov 22, 2009 10:04am
I have seen some excellent posts recently. This forum is a great place to dull the boredom of everyday trading and a chance for all, newbies and veterans to learn IMO and to develop some friendship along the way.....
Atlast
- #164,191
- Nov 22, 2009 11:07am Nov 22, 2009 11:07am
I have seen some excellent posts recently. This forum is a great place to dull the boredom of everyday trading and a chance for all, newbies and veterans to learn IMO and to develop some friendship along the way.
Much of trading is a mind game. It's not you against the market, it's you against yourself. The market place is not forgiving of failure, it's where fortunes are lost and won, it's not there to beat, but to embrace and become a part of, and part of being in the market is losing to others, just be sure overall your total loss is less than...
All the best man in your trading ...
"I am convinced that He (God) does not play dice." - Albert Einstein
- #164,192
- Nov 22, 2009 11:39am Nov 22, 2009 11:39am
- Joined Oct 2006 | Status: Trader | 7,219 Posts
Yup. You got it. Lower highs, lower lows on EU, higher highs, higher lows on UCHF. UCHF is in a nice basing pattern. NZD has already broken the daily trend line in place for the last year with a close well below. Market was loading up AU for short cover on Friday. Bullish engulfing weekly candle on Eur/Aud. GU is showing a serious dose of risk off rather than risk on, and the cup n handle on EG looks like following through for north.
Do think we are headed into the xmas bonus season early. Hold on for the ride, could be quite a thriller this year....
strange for me to see/believe bear but it's looking that way to me at the moment. We've got divergence and now the bullish engulfing bar on weekly USDX and double top on EU and over-extended yearly ranges.Had been wondering for the last few weeks whether some big boys would be taking some profit off the table. That DNT at 1.4800 probably stemmed the decline somewhat. Haven't been trading EUR much anyway. More into AUD and AUD crosses at the mo.
Think I'll wait to see if we get a little more of a bounce to 1.4935 ish and see how it reacts if it gets there. Both EUR daily and USDX daily being fobbed off by 50 MA and USDX 4 hour rejected by 200 MA with nice pin.
Done 421 pips this month (low at 1.4626 and high at 1.5047) so we are nearly smack in the middle. Average monthly range for 2009 is 743 pips. Did 579 in October and 667 in September. Be a little strange for me to put my bear hat on though. Think I'll wait till London opens though. Asia Sunday usually likes to spank me.
Nothing worth having is easy.
- #164,193
- Nov 22, 2009 12:02pm Nov 22, 2009 12:02pm
- Joined Mar 2008 | Status: Name real with real own way | 23,415 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #164,196
- Nov 22, 2009 1:44pm Nov 22, 2009 1:44pm
- Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts
I know there is nothing to show to this tread, the traders here now betther than that a friend of mine have told me stay away from this tread and I don't know why they sai that i mean is a good tread, I'm just here to invite you to the grand reopend of the pivots and trends tread if you want to learn something, but please just have a shair and sit down and learn don't teach an old dog tricks, please , thanks in advance
Carlos ( I'm not the master the master allready work on me)
ps. This is a very democratic thread, and not a diplomatic one.
The Thief of Wall Street
- #164,199
- Nov 22, 2009 2:20pm Nov 22, 2009 2:20pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
- #164,200
- Nov 22, 2009 2:31pm Nov 22, 2009 2:31pm
Disclaimer:
Personally I don't believe in such stuff .. am more of an independent thinker. Just had to post though ...
DOW:
As you can see, INDU has been going through a very distinctive bull/bear cycle in the past, almost in the clockwise, around the moon. As this cycle has not been broken, I have no reason not to believe that the next turn day is going to be December 2, the next full moon. The question is, how low would it go? As Thanksgiving coming up next week, I wouldn't be surprised to see one more spike to the upside (yeah, we heard that so many times) next week.
SPY:
Now, SPY started to look a lot like M pattern (i.e., double top) than the three drives pattern (that's exactly what I said last week - sorry, not much change since then). I really don't have a preference one way or the other at this point, and I don't think it would make much difference from a swing trade standpoint.
Adios.
GS:
One of the stocks that I'm keeping track closely as a market indicator is GS. GS has been a market leader for a while and seems to be completing abc consolidation pretty soon. As GS is coming to retest 200 SMA, it would be a great place to close your shorts and go long once GS defends 200 SMA. GS may be able to take the financial sector with it and rally toward early next year.
EURUSD:
EUR/USD is forming a triangle consolidation and we still don't have a confirmation one way or the other, although I'm still leaning toward an upside breakout with a target price of 1.52.
Personally I don't believe in such stuff .. am more of an independent thinker. Just had to post though ...
DOW:
As you can see, INDU has been going through a very distinctive bull/bear cycle in the past, almost in the clockwise, around the moon. As this cycle has not been broken, I have no reason not to believe that the next turn day is going to be December 2, the next full moon. The question is, how low would it go? As Thanksgiving coming up next week, I wouldn't be surprised to see one more spike to the upside (yeah, we heard that so many times) next week.
SPY:
Now, SPY started to look a lot like M pattern (i.e., double top) than the three drives pattern (that's exactly what I said last week - sorry, not much change since then). I really don't have a preference one way or the other at this point, and I don't think it would make much difference from a swing trade standpoint.
Adios.
GS:
One of the stocks that I'm keeping track closely as a market indicator is GS. GS has been a market leader for a while and seems to be completing abc consolidation pretty soon. As GS is coming to retest 200 SMA, it would be a great place to close your shorts and go long once GS defends 200 SMA. GS may be able to take the financial sector with it and rally toward early next year.
EURUSD:
EUR/USD is forming a triangle consolidation and we still don't have a confirmation one way or the other, although I'm still leaning toward an upside breakout with a target price of 1.52.
"I am convinced that He (God) does not play dice." - Albert Einstein