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  • #165,141
  • Nov 24, 2009 2:41pm Nov 24, 2009 2:41pm
Quoting cloggie
The deaf leading the blind, there only a very few posters here that know what they are talking about, the rest is entertainment.
... or annoyance
  • #165,142
  • Nov 24, 2009 2:42pm Nov 24, 2009 2:42pm
Quoting Qqe
So do we agree about the short of E/U?
No one cries to answer?
there is forming nice head and shoulders pattern on 15m so try to play this out..
Pation is the Holy Grail
  • #165,143
  • Nov 24, 2009 2:42pm Nov 24, 2009 2:42pm
Quoting TheFisherman
OR...PA gets down to 4840 so I TP and finish my month. This I would like.

Power to the USA!
well the odds are not in your favor now
When life gives you lemons, make lemonade
  • #165,144
  • Nov 24, 2009 2:48pm Nov 24, 2009 2:48pm
Quoting micho
well the odds are not in your favor now
I beg your pardon. The odds (and hopefully the gods of Forex) are with me. Check out the tops on the last two days and wonder yourself - why couldn't PA get further?

[EDIT] Just to clarify a bit: although SNB said today time to reverse the intervention parameters is nearing I bet is not this week at least. And we're getting pretty close to levels swiss get pissed off seeing. I placed my trade with SNB on my back (or so I hope).
  • #165,145
  • Nov 24, 2009 2:49pm Nov 24, 2009 2:49pm
anyone know why gold is rocketing to the moon?
  • #165,146
  • Nov 24, 2009 2:51pm Nov 24, 2009 2:51pm
Quoting caldera
anyone know why gold is rocketing to the moon?
That's what gold does lately. No one really knows why. It's just a fact.
  • #165,147
  • Nov 24, 2009 2:51pm Nov 24, 2009 2:51pm
As far as I can tell nobody needs an excuse to sell this top, when you would have had a 100% success rate every time its approached 4980-5000 in recent history, 5 times running. Set SL a touch over 1.5 and you have a valid trade. Whatever.
  • #165,148
  • Nov 24, 2009 2:52pm Nov 24, 2009 2:52pm
Thank you Mr. cloggie for teaching me the word of consensus. Thank you for calling me and some of us as an entertainment.

We are here to learn something special from you! Well, i am not a big boy..

Anyways most of us think USD will rally as i follow....
  • #165,149
  • Nov 24, 2009 2:52pm Nov 24, 2009 2:52pm
Quoting TheFisherman
I beg your pardon. The odds (and hopefully the gods of Forex) are with me. Check out the tops on the last two days and wonder yourself - why couldn't PA get further?
do whatever you want
When life gives you lemons, make lemonade
  • #165,150
  • Nov 24, 2009 2:54pm Nov 24, 2009 2:54pm
Quoting TexasforEX
Thank you! I think that the $$$ is potentially going to rally for the next 10 weeks or so. The monthly low that the market prints in January 2010 will be an awesome level to load up on longs again. The $$$ should lose alot of ground the whole year 2010.

I got pretty solid reversal signals on the kiwi and pound and I have been getting short for the last couple days. If 1.5070 breaks I will re evaluate. Who knows? Things can change pretty quick in this market.

I would not open a short in the euro until 1.48 breaks.

Rejection in the cable was not expected today and really sucked. I was on the brink of some major profits again but instead made enough to pay for a decent bar tab.

Connie Brown (as well as numerous other mentors) talks about three positions in the market. Long, Short or simply I do not know. There is much ambiguity in forex currently and I could spin a case for either direction for lots of pairs.

To put it simply: I do not know.

But tomorrow is a new day with updated indicators, updated sentiment and new action to base new decisions on.

Cheerio
"Timing Is Everything. Really I Swear It Is"
  • #165,151
  • Nov 24, 2009 2:58pm Nov 24, 2009 2:58pm
Quoting TexasforEX
....and I could spin a case for either direction for lots of pairs.
You're quite correct there.....everything could be spun any which way at the moment, up to and including the price of fish! The best we can do is trade what we see, and trade according to what each of us believes.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #165,152
  • Nov 24, 2009 3:01pm Nov 24, 2009 3:01pm
Quoting Qqe
Thank you Mr. cloggie for teaching me the word of consensus. Thank you for calling me and some of us as an entertainment.

We are here to learn something special from you! Well, i am not a big boy..

Anyways most of us think USD will rally as i follow....

There are 121 traders on this thread now, you will not get a consensus and should not ask for it either. I told you to make your own decisions and did share my short entry with you. Go back a few pages and you will find as many bulls as bears, that's how the market works, I can only go short if someone else buys it off me (I trade ECN). I even gave you my exact reasons for the short including my first two targets.

I was trying to tell you to make your own decisions, you will never be succesful in FX following other peoples ideas, trade signals, tips etc.

Do what you like with it.
  • #165,153
  • Nov 24, 2009 3:07pm Nov 24, 2009 3:07pm
Quoting realjumper
You're quite correct there.....everything could be spun any which way at the moment, up to and including the price of fish! The best we can do is trade what we see, and trade according to what each of us believes.

Well said RJ, exactly my point earlier in response to a poster asking for a consensus from us. We all see things differently, I had a get together last weekend with a few of my mates, all traders, most fulltime. It became interesting when we tried to share and actually trade of each others systems, none of us could make money with the other persons system even though all present do this succesfully with their own system. I shows how instinct and gut feeling, an unconscious understanding of what we see is so important.
  • #165,154
  • Nov 24, 2009 3:11pm Nov 24, 2009 3:11pm
Quoting cloggie
There are 121 traders on this thread now, you will not get a consensus and should not ask for it either. I told you to make your own decisions and did share my short entry with you. Go back a few pages and you will find as many bulls as bears, that's how the market works, I can only go short if someone else buys it off me (I trade ECN). I even gave you my exact reasons for the short including my first two targets.

I was trying to tell you to make your own decisions, you will never be succesful in FX following other peoples ideas, trade signals,...
Thank you! I count on FF traders

...............................................
  • #165,155
  • Nov 24, 2009 3:19pm Nov 24, 2009 3:19pm
Support forming on M15 at 4960, lets see how this develops.
  • #165,156
  • Nov 24, 2009 3:22pm Nov 24, 2009 3:22pm
Quoting Qqe
Thank you! I count on FF traders

...............................................
hehe wise decision relying on 95% losers...

I would say 99.9%

good choice
When life gives you lemons, make lemonade
  • #165,157
  • Nov 24, 2009 3:23pm Nov 24, 2009 3:23pm
Quoting cloggie
Support forming on M15 at 4960, lets see how this develops.
Yes we need to see break here or easy retrace to 4983. Support proving hard plus end of day.
  • #165,158
  • Nov 24, 2009 3:25pm Nov 24, 2009 3:25pm
Hi Friends,

I am quiet new to Trading. Just trying my first analysis.

Buy Stop @ 1.4994.....S/L @ 1.4990 T/P @ 1.5300

Your kind help highly appreciated....

thanks &regards,
Nas
Attached Image(s) (click to enlarge)
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  • #165,159
  • Nov 24, 2009 3:25pm Nov 24, 2009 3:25pm
Everyone is so pessimistic on dollar of banks that have reported.

JPMorgan said it will reach 1.62 against Euro in 2010
DB targets 1.60
Goldman Sachs targets 1.55
Standered Chartered sees 1.60
HSBC sees 1.60 by year end
Credit Suisse sees it weakening as does BNP Paribas
Barclays sees Euro strong very potentially new high
Normally when everyone is on one side of boat its time to get on other.
Not sure about other big players like UBS, Citi and RBS

However I know citi is optimistic on Euro against pound so i guess they are also against dollar.
UBS AND RBS i do not know.

Societe general it could break to record high if passes 1.52

it may struggle to get past a certain level.
  • #165,160
  • Nov 24, 2009 3:28pm Nov 24, 2009 3:28pm
Quoting micho
hehe wise decision relying on 95% losers...

I would say 99.9%

good choice
Wow, so you are one of 0.1%.....
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