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  • #167,621
  • Dec 2, 2009 3:45am Dec 2, 2009 3:45am
Quote
if i think like this :

try to break upper side > try to break lower side
means that many times trying to break resistence but fail...
only several time trying to break support but also fail....

want to see :

try to break upper side = try to break lower side (fair)

then we will see which one will break!!
At the moment, it is moving like DAX is moving. If DAX is going up, it goes up.

If DAX is going down, it goes down.

So difficult to make money lol
  • #167,622
  • Dec 2, 2009 3:46am Dec 2, 2009 3:46am
Quoting forexbatta
Tell me head or tail I'll put coin for you to decide

http://academic.kellogg.edu/mckayg/b...oin%20flip.jpg
lets play for head!!!
  • #167,623
  • Dec 2, 2009 3:48am Dec 2, 2009 3:48am
Quoting Seki
Mornign ALL

EDIT. Againg lovely tail candel (1H) on my day open... Will go long after candle close
Close at +5... will be out for a while... see you..
  • #167,624
  • Dec 2, 2009 3:49am Dec 2, 2009 3:49am
Just beware in your position guys, a spike might happen before it goes it's direction, I'm still holding my sell entry on e/u at 1.52 since I'm 50-50 on the directions.

My 4H fibo shows it's trying to break the 161.8 resistance

Gud luck all
Trade what you see. Write what you feel
  • #167,625
  • Dec 2, 2009 3:50am Dec 2, 2009 3:50am
Quoting Trading Cat
@1,5105 tp 1,5118 sl 1,5081
reason break of upper TL and break of both sma(24,72) on a 15min
When life gives you lemons, make lemonade
  • #167,626
  • Dec 2, 2009 3:58am Dec 2, 2009 3:58am
Quoting e_piz
Just beware in your position guys, a spike might happen before it goes it's direction, I'm still holding my sell entry on e/u at 1.52 since I'm 50-50 on the directions.

My 4H fibo shows it's trying to break the 161.8 resistance

Gud luck all
pardon me..
what level to what level did you draw your fibo?
  • #167,627
  • Dec 2, 2009 3:58am Dec 2, 2009 3:58am
Quoting e_piz
Just beware in your position guys, a spike might happen before it goes it's direction, I'm still holding my sell entry on e/u at 1.52 since I'm 50-50 on the directions.

My 4H fibo shows it's trying to break the 161.8 resistance

Gud luck all
Spikes are the big guys sneaky trick ... stay out if I could before news :d

otherwise it is like gamble up or down lol
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  • #167,628
  • Dec 2, 2009 3:58am Dec 2, 2009 3:58am
Quoting forexbatta
Thanks for the R1 calculation I hope that can't break today and from newyork session eu going down
it is not the matter of hoping one beast in the net - details on my blog for everybody.
  • #167,629
  • Dec 2, 2009 4:06am Dec 2, 2009 4:06am
rumor snb intervention usd/chf coming..
  • #167,630
  • Dec 2, 2009 4:06am Dec 2, 2009 4:06am
Quoting thetruthspy
pardon me..
what level to what level did you draw your fibo?
I'm using my Fibo drawn on 23/11 -100% and 20/11 - 0%
Reason - It clearly shows me the breakout happen that time 1.5147 with its reaching 161.8 and drop back to 23.6

To get a better view, also add Bolinger 20,1 and 20,2

Gud luck

EDIT: Put the same fibo on 8H chart and you can see what i mean.
Trade what you see. Write what you feel
  • #167,631
  • Dec 2, 2009 4:08am Dec 2, 2009 4:08am
Quoting thetruthspy
lets play for head!!!
tail ...
  • #167,632
  • Dec 2, 2009 4:09am Dec 2, 2009 4:09am
What can these people hope to achieve by buying at the high?
I don't understand this, and I never will.
  • #167,633
  • Dec 2, 2009 4:12am Dec 2, 2009 4:12am
Quoting PipVip
What can these people hope to achieve by buying at the high?
I don't understand this, and I never will.
Who said you this was high ? If you see past records last year this hit 1.60 level....... If it was confirmed we all can generate millions
  • #167,634
  • Dec 2, 2009 4:13am Dec 2, 2009 4:13am
A few thoughts on current PA. First and foremost, lets not forget last year. After a massive drop for several months, december was the biggest rally to the upside...ever? It was done on low volume, high spread and volatility and without any real retracements. This year, we have been consolidating higher ever since March or so with no real retracements, just bear traps. Will history repeat itself? or will this December be the opposite of the last one? In any case..careful pipping all...the big money is probably on vacation in the Carribean or someplace similar until next year..fishing maybe.

As for technicals and fundies, the potential for a double top is here. The potential for a hard break to the upside is here. It seems though that pa is kept in check within this ascending triangle (channel) ever since last week, largely affected by Dubai news as well as Japan attempts to keep the Yen from getting stronger (or so they say). In any case, a true break of this range is what I'm waiting for, with the range currently being between 1.5150ish (double top and close to upper wall of channel) and 1.5050ish (lower end of channel and last S/R level). Note how pa is smack dab in the middle right now so anything goes.

My bias? I've been bearish all year and look where we are. Bias is irrelevant, its only what the charts or Dubai or Japan or Obama and his bs say...and so far...it doesn't take a genius to figure out the trend is up...why fight it. If you dont like buying, wait until strong bearish confirmation is out there..picking tops is..risky. (advice I personally do not take).

Good pippin all.

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Different opinions highly valued, ignorant to slander.
  • #167,635
  • Dec 2, 2009 4:17am Dec 2, 2009 4:17am
if the 1h chart close green after 45 min , then i will short for little retracement before it goes long again
  • #167,636
  • Dec 2, 2009 4:22am Dec 2, 2009 4:22am
Quoting PipVip
What can these people hope to achieve by buying at the high?
I don't understand this, and I never will.
dont you want to take the other side of that trade?
  • #167,637
  • Dec 2, 2009 4:28am Dec 2, 2009 4:28am
pipul8r,
Do you think the mathematical odds are in your favor if you BUY at 1.6670 right now? I don't.
I *do* think there are people with tons of Monopoly play money to throw around when they have something to prove. I'd like to be working for them, so let me know where to send my resume. I'm not kidding!
  • #167,638
  • Dec 2, 2009 4:38am Dec 2, 2009 4:38am
got out of my long at 1,5006 1 pip profit dont like the idea of seeing double top 5min and it was to boring seeing this thing move I enter again after the news and will take a break till then.
Goo trading everyone and always protect ur money,
The Cat
Trade on your own risk Plan your trade&trade your plan dont be a
  • #167,639
  • Dec 2, 2009 4:43am Dec 2, 2009 4:43am
Quoting PipVip
pipul8r,
Do you think the mathematical odds are in your favor if you BUY at 1.6670 right now? I don't.
I *do* think there are people with tons of Monopoly play money to throw around when they have something to prove. I'd like to be working for them, so let me know where to send my resume. I'm not kidding!
since we're talkin hypothetically, of course not. But it is a common practice among far more experienced traders than myself to add to winning positions, granted usually on a pullback, but essentially it amounts to the same thing, buying near a high (selling near a low). is this the high? who knows?
cheers
  • #167,640
  • Dec 2, 2009 5:05am Dec 2, 2009 5:05am
Free fall
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