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EURUSD

  • #170,461
  • Dec 10, 2009 1:51am Dec 10, 2009 1:51am
Quoting Trading Cat
I am with you my trading plan is mostly for break out trading and this range trading just annoys me. When looking how much price we did (04/12/09 07/12/09 and 08/12/09) then time needs to catch up (09/12/09 ......), this is by Gann.
So I am expecting the same range as we had yesterday without any surprises. Friday could be the day where it is starting to move a little, but I think that this week nothing major will happen.

Good trading,
The Cat
Hi Cat,
yes, seems like we are again back to the range trading as we were for a while between 1.49 and 1.50. Hopefully this won't last too long, otherwise I will lose my patience and discipline and start scalping Hate when I do that
Gonna look for some trade possibilities in other pairs as I did yesterday. Maybe eur/jpy will work out well again.

Happy Trading,

V.
In God We Trust! The question is, does God trust us?
  • #170,462
  • Dec 10, 2009 1:51am Dec 10, 2009 1:51am
Quoting 2+2=4ex
I don't understand. Isn't this contradicting???

Im saying that were starting to form a double top now as in 1.5163 is the top, and this downtrend that started from there is taking it to the neckline right now....
  • #170,463
  • Dec 10, 2009 1:52am Dec 10, 2009 1:52am
I think we could be on a run if it breaks 1.4700. Holding for now
The greatest force on earth is compound interest.
  • #170,464
  • Dec 10, 2009 1:52am Dec 10, 2009 1:52am
Quoting jiva34
just be ready for "when the moment is right."
If a consolidation lasts more than 4 years call your psychiatrist.

In God We Trust! The question is, does God trust us?
  • #170,465
  • Dec 10, 2009 1:52am Dec 10, 2009 1:52am
Quoting jiva34
just be ready for "when the moment is right."
If a consolidation lasts more than 4 years call your psychiatrist.
Sounds like a Levitra or Viagra commercial. Maybe they should call their doctor not psychiatrist.

EDIT: Okay nevermind, I'm an idiot. I didn't know you were intending that, LOL. Just caught on to the 4 hour thing...LOL very funny.
  • #170,466
  • Dec 10, 2009 1:53am Dec 10, 2009 1:53am
Quoting 2+2=4ex
Maybe, but this time of the year pa doesn't obey technicals as usual....
Fair enough if you're just talking about end of year. Anyway, the scenario I've outlined above I suspect will prob play out over the next 3 or so months. I still dont think we'll have a crash through the support levels at this point in time. These are fairly important psych levels the banks wont overlook when they decide to come back in to support...

Chngster
Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #170,467
  • Dec 10, 2009 1:59am Dec 10, 2009 1:59am
Quoting chngster
Fair enough if you're just talking about end of year. Anyway, the scenario I've outlined above I suspect will prob play out over the next 3 or so months. I still dont think we'll have a crash through the support levels at this point in time. These are fairly important psych levels the banks wont overlook when they decide to come back in to support...

Chngster
Yup. Anything can happen, who knows for sure (certainly not me).
  • #170,468
  • Dec 10, 2009 1:59am Dec 10, 2009 1:59am
Quoting chngster
Fair enough if you're just talking about end of year. Anyway, the scenario I've outlined above I suspect will prob play out over the next 3 or so months. I still dont think we'll have a crash through the support levels at this point in time. These are fairly important psych levels the banks wont overlook when they decide to come back in to support...

Chngster
ya never really know for sure...
There's lots going on....
one thing is for sure when it does move it'll have been worth waiting for.....
  • #170,469
  • Dec 10, 2009 2:05am Dec 10, 2009 2:05am
probabilities are on our side
  • #170,470
  • Dec 10, 2009 2:07am Dec 10, 2009 2:07am
I was wondering... obviously brokers make a substantial profit annually (between commission, retail trader failures and interest on balances). But you think maybe they lose money one day of the year? Probably not because of the commission and interest on accountholders money again, but what do you think? Could traders actually succeed to the extreme that they have a loss on the books for one day?
  • #170,471
  • Dec 10, 2009 2:08am Dec 10, 2009 2:08am
shoulda woulda coulda taken that leveraged long at 4700
  • #170,472
  • Dec 10, 2009 2:08am Dec 10, 2009 2:08am
Quoting harpersindex
probabilities are on our side
damn that's good to know.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #170,473
  • Dec 10, 2009 2:09am Dec 10, 2009 2:09am
Quoting harpersindex
probabilities are on our side
If you are talking about everyone here, statistics say they're not.
  • #170,474
  • Dec 10, 2009 2:09am Dec 10, 2009 2:09am
This is why we always wait for candlesticks to close before trading...Love how history repeats itself on the charts.
Attached Image (click to enlarge)
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Going to make it big by age 21.
  • #170,475
  • Dec 10, 2009 2:11am Dec 10, 2009 2:11am
true, but hope everyone's making money! well in here anyways.
Quoting 2+2=4ex
If you are talking about everyone here, statistics say they're not.
  • #170,476
  • Dec 10, 2009 2:13am Dec 10, 2009 2:13am
too tired to focus.. just want to see where this plays out...granted its going to the upside
  • #170,477
  • Dec 10, 2009 2:13am Dec 10, 2009 2:13am
Quoting harpersindex
true, but hope everyone's making money! well in here anyways.
Haha. I'll drink to that.
  • #170,478
  • Dec 10, 2009 2:13am Dec 10, 2009 2:13am
Quoting harpersindex
true, but hope everyone's making money! well in here anyways.
Funny that. I'm hoping the exact opposite.

If I want to make money, someone has to lose.
Not all sins are created equal
  • #170,479
  • Dec 10, 2009 2:16am Dec 10, 2009 2:16am
enough to go around, peanuts in this forum

Quoting Jay Walker
Funny that. I'm hoping the exact opposite.

If I want to make money, someone has to lose.
  • #170,480
  • Dec 10, 2009 2:18am Dec 10, 2009 2:18am
Quoting 2+2=4ex
I was wondering... obviously brokers make a substantial profit annually (between commission, retail trader failures and interest on balances). But you think maybe they lose money one day of the year? Probably not because of the commission and interest on accountholders money again, but what do you think? Could traders actually succeed to the extreme that they have a loss on the books for one day?
They might have a bad day but I bet even their worst day is not a losing day, as far as what they do in the forex market goes. If they lose money overall its for other, business-related reasons...
"If The Fool persists in his Folly he will become wise." - William Blake
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