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  • #170,041
  • Dec 8, 2009 5:35pm Dec 8, 2009 5:35pm
this current move may be its last breath to 4730 40X ish
those who can, do. those who cant, talk about those who can
  • #170,042
  • Dec 8, 2009 5:38pm Dec 8, 2009 5:38pm
Quoting tonyo524
This is probaly a dumb question, but why do you call it ass chart?
Me!

Butt, As usual, all things lead to Jay, one day he said I pulled a trade out of my arse, so I obliged with an ass chart. The ass chart is mythical entity. You must fear it.

Jay's fault.
----- Dragonfly out in the sun you know what I mean, don't you know
  • #170,043
  • Dec 8, 2009 5:41pm Dec 8, 2009 5:41pm
Seems the move is now in process of creating Bullish three Drives.

My first post shows the target of yesterday which create Bullish Butterfly and now second chart my target of today...... Wish me some pips
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  • #170,044
  • Dec 8, 2009 5:50pm Dec 8, 2009 5:50pm
Quoting sophiaphia
Me!

Butt, As usual, all things lead to Jay, one day he said I pulled a trade out of my arse, so I obliged with an ass chart. The ass chart is mythical entity. You must fear it.

Jay's fault.
I tried to take a crack at picking the bottom of the ass chart. But it turned out to be a wild ass.
Not all sins are created equal
  • #170,045
  • Dec 8, 2009 5:55pm Dec 8, 2009 5:55pm
Quoting Jay Walker
I tried to take a crack at picking the bottom of the ass chart. But it turned out to be a wild ass.
Okay, this is starting to smell...

I'm out with 30 @ .4725. I see all the futures up so upside looks good butt anything can happen between now and FO butt probably not much will. I will be building long above .4690. Who's ready to jump back on the Gold Train?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #170,046
  • Dec 8, 2009 5:59pm Dec 8, 2009 5:59pm
Quoting The Fool
Okay, this is starting to smell...

I'm out with 30 @ .4725. I see all the futures up so upside looks good butt anything can happen between now and FO butt probably not much will. I will be building long above .4690. Who's ready to jump back on the Gold Train?
I still have a short running from 4750 (TP 4630), butt I will add to it if need be. I missed the climb up because I was busy, butt that's ok
Doing what you like is Freedom. Liking what you do is Happiness.
  • #170,047
  • Dec 8, 2009 5:59pm Dec 8, 2009 5:59pm
Quoting mfoste1
Ive been doing some thinking that further supports my claim of a very far fall of eu sometime mid to later next spring. I think that China has something like nearly 1 trillion in U.S. debt, which they claim to be a huge portion of the value of currency reserve assets. From what I believe to be true, China originally started selling euros to buy dollar back in 2008 crash so this leads me to believe that they will not hesitate to do the same come the spring when the fed will raise rates. When the fed does this, I believe that China will have bought...

Interesting thoughts there,
But.... World power comes automatically when deserved... It's not like someone gives it to you. But they have talked about changing alot of the worldwide payments to JPY.

I have to agree, its probably a good idea, but then JPY will have a big problem controlling it like they do today because of the big volume...

Interesting to see what happens tough...
  • #170,048
  • Dec 8, 2009 6:18pm Dec 8, 2009 6:18pm
Quoting realjumper
I still have a short running from 4750 (TP 4630), butt I will add to it if need be. I missed the climb up because I was busy, butt that's ok
i think you meant but not butt
  • #170,049
  • Dec 8, 2009 6:20pm Dec 8, 2009 6:20pm
Quoting gatorinla
we are at a pivitol point. no direction is wrong. so its best to wait. unless your scalping or can handle a drawdown if a fight develops. <snip>.
You make a good point there.....handling drawdown. I see people here getting margin calls from time to time, for various reasons, but I'm thinking that many of them, if the truth be known, is from have too large a lot size for the size of the account equity.

This is bad of me, and I learnt the lesson, but......I still have a short running from 4430!! However, I have been able to easily carry the drawdown right up to 5140 and I would have carried it up to 6000 if need be. Now my account size isn't huge and I'm not over capitaized......I just trade in small lots for the precise reason of being able to carry a drawdown if I have to, for whatever reason.

I see large lot sizes as suicide if the lot size to capital ratio is out of whack.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #170,050
  • Dec 8, 2009 6:29pm Dec 8, 2009 6:29pm
Quoting mfoste1
Ive been doing some thinking that further supports my claim of a very far fall of eu sometime mid to later next spring. I think that China has something like nearly 1 trillion in U.S. debt, which they claim to be a huge portion of the value of currency reserve assets. From what I believe to be true, China originally started selling euros to buy dollar back in 2008 crash so this leads me to believe that they will not hesitate to do the same come the spring when the fed will raise rates. When the fed does this, I believe that China will have bought...
So... you figure they are just holding a massive euro (cash) balance? I always assumed that reserves are invested in some asset generating a return. Does anyone know if creditor nations just hold cash balances of various currencies?
  • #170,051
  • Dec 8, 2009 6:30pm Dec 8, 2009 6:30pm
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting G_Man
4680 is important ...
next stop 4630 ...

a best entry of the year for LONG ...
  • #170,052
  • Dec 8, 2009 6:33pm Dec 8, 2009 6:33pm
Quoting TraderMark
So... you figure they are just holding a massive euro (cash) balance? I always assumed that reserves are invested in some asset generating a return. Does anyone know if creditor nations just hold cash balances of various currencies?

I believe euro is their second largest currency on reserve, second to the dollar of course.
  • #170,053
  • Dec 8, 2009 6:39pm Dec 8, 2009 6:39pm
anyone else have this problem with meta? see the tag at 4682 on trendline green line?.. see where green trendline ends up on a bigger tf? i dont know what the real level is.. so im using 4682...it sucks..
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those who can, do. those who cant, talk about those who can
  • #170,054
  • Edited 7:13pm Dec 8, 2009 6:40pm | Edited 7:13pm
Quoting Larseg
Interesting thoughts there,
But.... World power comes automatically when deserved... It's not like someone gives it to you. But they have talked about changing alot of the worldwide payments to JPY.

I have to agree, its probably a good idea, but then JPY will have a big problem controlling it like they do today because of the big volume...

Interesting to see what happens tough...
They are growing scary fast...and they work their asses off just like america used to....watch this its a very good and informative video....


Im going to invest in chinese housing stocks with some Xmas money lol b4 yr end.

http://www.hulu.com/watch/91581/vang...ty-on-steroids


also I believe this is something to think about....

http://seekingalpha.com/article/2407...ollution-plays

http://www.thestreet.com/video/index...01#53199295001
  • #170,055
  • Dec 8, 2009 7:11pm Dec 8, 2009 7:11pm
Not a bear before that.
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  • #170,056
  • Edited 9:59pm Dec 8, 2009 8:29pm | Edited 9:59pm
Morning all . just open & see a cup & handle in M1 bullish continuation pattern & place buy order at 1.4725 for tp 1.4818.Hope it works .exact level of entry should be 1.4814/07 .
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #170,057
  • Dec 8, 2009 8:32pm Dec 8, 2009 8:32pm
Quoting fontu
Morning all . just open & see a cup & handle in M1 bullish continuation pattern & place buy order at 1.4725 for tp 1.4818.Hope it works .
fontu
Can't bring myself to long ATM. Good Luck with that.....
  • #170,058
  • Dec 8, 2009 8:38pm Dec 8, 2009 8:38pm
Quoting gatorinla
anyone else have this problem with meta? see the tag at 4682 on trendline green line?.. see where green trendline ends up on a bigger tf? i dont know what the real level is.. so im using 4682...it sucks..
yes , text levels do change with tf as it is not like any fixed level line and works as with the parameters set .same tf works ok. I use simple text box instead , they are fixed.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #170,059
  • Dec 8, 2009 8:41pm Dec 8, 2009 8:41pm
Quoting jacksonfx
one more long at 4694 for scalp
both SL at4650
my system said to close both so i did at 4725.
  • #170,060
  • Dec 8, 2009 8:44pm Dec 8, 2009 8:44pm
Quoting jacksonfx
my system said to close both so i did at 4725.
can you share how your system/setup come in decision close those longs at those levels please ?I am just long placed.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
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