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  • #187,001
  • Jan 29, 2010 11:00am Jan 29, 2010 11:00am
My advice to newbies to stay away from GBP trading, and trade USD/JPY, AUD/USD, EUR/USD, USD/CHF you can really learn how to trade with these, GBP will only make you a poor trader, it looks good from a far, but mess with her without knowing it's nature, you won't learn shit but how to be frustrated and angry at it... Coming from experience, you can only speculate it at first, after a year or two you can start to mess with it.

Ohh here comes my buddy RE-TRACER, well at least early signs of it
  • #187,002
  • Jan 29, 2010 11:01am Jan 29, 2010 11:01am
Quoting fontu
Thanks , I see 1.3861/57 one strong sr & should bounce some before continue down & so will close most or all & retake at the top again.
fontu
WE will see but i always trade with 2 sup and 2 res,i dont need third ...
"Buy on fear, sell on greed !!!
  • #187,003
  • Jan 29, 2010 11:01am Jan 29, 2010 11:01am
1,3650 for long in wednesday .... hm ?
  • #187,004
  • Jan 29, 2010 11:02am Jan 29, 2010 11:02am
Quoting malcolmb14
gm all

this week episode of Malcolm and Sky show...

SKY gold sure going up fast...usd getting weaker by the day




been short since 1.44xx target 1.3670 next week...no need to post every day , also as mentioned selling gold off 1100 all week
Have a great weekend all
Yeah.. Same here
Fools Rushing
  • #187,005
  • Jan 29, 2010 11:02am Jan 29, 2010 11:02am
Quoting malcolmb14
euro is done ..look at weekly

4/8 mml and support is 1.3670...THAT is where she is heading

may be a bounce off that level but not before ..almost 100 % sure of that

here is chart major s/r level below us on weekly is 1.3672

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Blogging daily now at www.volume.zone
  • #187,006
  • Jan 29, 2010 11:03am Jan 29, 2010 11:03am
Quoting malcolmb14
euro is done ..look at weekly

4/8 mml and support is 1.3670...THAT is where she is heading

may be a bounce off that level but not before ..almost 100 % sure of that
you know that market closes at 22:00 GMT, we don't have enough time and volatility left for that, pass noon in NY shit is gonna slow down... in my opinion... I wish that was true I would of held all my shorts since tuesday
  • #187,007
  • Jan 29, 2010 11:05am Jan 29, 2010 11:05am
1.3850 next ?
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  • #187,008
  • Jan 29, 2010 11:06am Jan 29, 2010 11:06am
Quoting kilalik
you know that market closes at 22:00 GMT, we don't have enough time and volatility left for that, pass noon in NY shit is gonna slow down... in my opinion... I wish that was true I would of held all my shorts since tuesday

of course thing will slow down OR NOT....fx might but ES is always nuts on a friday

when something closes at low of week I find it hard to justify taking a long for the weekend ... that is just me , at this poiunt those building long position are just praying this turns around

DX has broken out of resitance of weekly , 78.5...

1.3600 gives way eu she is going into free fall ( more free fall) with next target 1.3200
Blogging daily now at www.volume.zone
  • #187,009
  • Jan 29, 2010 11:08am Jan 29, 2010 11:08am
Stocks are all in red..
  • #187,010
  • Jan 29, 2010 11:08am Jan 29, 2010 11:08am
Quoting paulw6182
your analysys trough spanner in my works i thought it was curtain for dollar now im glad i keep open mind and can you spell it out you think its curtains for euro before dollar?
it hasnt stopped yet.. when it does ill post something.. eurx.. a few days ago passed its 50% all time mark.. without much support to think of.. my predictive sais we go back to dec 2006 low on eurx.. i could take a new reading but no need.. eu reading said 1.04xx.... excluding slippage.. when chart dont work i will see if it says even lower or reversal or whatever..
those who can, do. those who cant, talk about those who can
  • #187,011
  • Jan 29, 2010 11:09am Jan 29, 2010 11:09am
I wonder if cable stays afloat above 1.6000.....it will take eur/usd with or likewise.
Hey, its a weekend, who wants to Lotto?

But we usually see retrace after this big drop.
They think they are smarter than I am.
  • #187,012
  • Jan 29, 2010 11:10am Jan 29, 2010 11:10am
Quoting malcolmb14
here is chart major s/r level below us on weekly is 1.3672

Attachment
hi malc where i can get rsx ?
  • #187,013
  • Jan 29, 2010 11:11am Jan 29, 2010 11:11am
im not sure why anyone is considering going long at all. this has shown no signs of faltering all week, and if the EUR unemployment number going down didnt help it at all, 3 days over the weekend, with all the negative EUR news swirling is going to make it worse. we are in untypical techinal times right now where traditional logic doesnt apply. IMO, going long here is way too risky, keep in mind, if it does retrace, since this move has been so large, its due for a good sized retracement so you have time to confirm a few things before rushing to the trade. just my opinion
  • #187,014
  • Jan 29, 2010 11:11am Jan 29, 2010 11:11am
Quoting dil
1.3850 next ?
Flat for the end of this day my friend...
"Buy on fear, sell on greed !!!
  • #187,015
  • Jan 29, 2010 11:14am Jan 29, 2010 11:14am
Quoting enterfx
Gator what about a GU short now. To me looks like it's sliding away from previous zone, at least in my book.
GU break out. Shorted at 6053. Considered a short at 6150 earlier today. Dang it... Guess there's strong resistance at 1.60, anyone? Not very familiar with GU yet, but learning.
  • #187,016
  • Jan 29, 2010 11:14am Jan 29, 2010 11:14am
dow turned positive with jobama talking WTF ?
hang on to your bread......unless you want toast
  • #187,017
  • Jan 29, 2010 11:14am Jan 29, 2010 11:14am
i m in long with sl 1.3835 t 1.4080
  • #187,018
  • Jan 29, 2010 11:14am Jan 29, 2010 11:14am
Although it would be good 100pip go up.
  • #187,019
  • Jan 29, 2010 11:15am Jan 29, 2010 11:15am
Quoting gatorinla
it hasnt stopped yet.. when it does ill post something.. eurx.. a few days ago passed its 50% all time mark.. without much support to think of.. my predictive sais we go back to dec 2006 low on eurx.. i could take a new reading but no need.. eu reading said 1.04xx.... excluding slippage.. when chart dont work i will see if it says even lower or reversal or whatever..
cool,i keep my eyes and ears open for that and the horazontal line that the last coke posted looks like a very interesting support as ther is good support on the w1 lower trend line also.
  • #187,020
  • Jan 29, 2010 11:15am Jan 29, 2010 11:15am
Found my excuse for longs. Adding @ .3830 (Jul 8 lowest)
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