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  • #191,181
  • Feb 6, 2010 2:55pm Feb 6, 2010 2:55pm
Quoting SkyzerFX
"it's pretty damn funny"

Yeah, it really is, - for example, if EU return now and going to headed

for the new High, you guys, will still keep shorting it up to 1.52, that's

why we all good analysts after the fact.. Where was those shorts 9000 pips

back?

Yeah, blahh, blahh: "I short it at 1.51 and cover at 1.3550" - of course you are.

Everybody making 500-2000 pips a day here, but yet

statistic say 98% of Forex traders are losing money, then I guess only

Masters are on this thread..
Psychologically, nobody wants to feel left out. If they feel they've missed a move, they want to be the 'first' to get the next move. So they go long, hoping to say "I told you so" a week later. But the market doesn't care about this. The market goes where it wants. The facts are, EU did not a new High, (1.60 and 1.50), and Dow did not make a new high. Long-term the probability of EU going down is high. If you want to say it'll retrace at this fib or that, that's your choice, but that's a gamble. Selling is not at this point.
  • #191,182
  • Feb 6, 2010 3:04pm Feb 6, 2010 3:04pm
Quoting tahshoon
how r u too,i have it now from 1.3590,tp set 1.3985,sl enter point now
do u have a trade now ?
i m fine thank you . i dont have any trades now but i took a buy on it on friday and i took profit before the close of the day . i ll be going long on confirmation or a pullback to take it to first res 1.3850 area where i think it could collapse from there so i m looking to sell at 1.3830 area with sl 70 pips i ll target 1.3650 or may be take partial profit in there
  • #191,183
  • Feb 6, 2010 3:16pm Feb 6, 2010 3:16pm
Quoting nawafasad1
i m fine thank you . i dont have any trades now but i took a buy on it on friday and i took profit before the close of the day . i ll be going long on confirmation or a pullback to take it to first res 1.3850 area where i think it could collapse from there so i m looking to sell at 1.3830 area with sl 70 pips i ll target 1.3650 or may be take partial profit in there
may be im wrong,but, u know when majority r looking to the downside more and more,it goes up first as a correction but never come back ...
  • #191,184
  • Feb 6, 2010 3:31pm Feb 6, 2010 3:31pm
Quoting tahshoon
may be im wrong,but, u know when majority r looking to the downside more and more,it goes up first as a correction but never come back ...
yes you right there thats why we cant marry the trade just date it .
  • #191,185
  • Feb 6, 2010 3:39pm Feb 6, 2010 3:39pm
Quoting nawafasad1
yes you right there thats why we cant marry the trade just date it .
this is excellent description,well done from u ...
see u later, salaam
  • #191,186
  • Feb 6, 2010 3:48pm Feb 6, 2010 3:48pm
Quoting Clouds
Long-term the probability of EU going down is high.
Yes, As we already agreed on "Long term"

is actually Short to Mid term, really (1-3 month TF) 80/20 agreed on that,

but could be some surprises as well it's very unstable right now.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #191,187
  • Feb 6, 2010 3:51pm Feb 6, 2010 3:51pm
Quoting SkyzerFX
"it's pretty damn funny"

why we all good analysts after the fact.. Where was those shorts 9000 pips

back?

Yeah, blahh, blahh: "I short it at 1.51 and cover at 1.3550" - of course you are.

Everybody making 500-2000 pips a day here, but yet

statistic say 98% of Forex traders are losing money, then I guess only

Masters are on this thread..
My first sell --annd my second--Hope you don't think i just made this up..
that would be funny!!! from earlier posts, sorry i don't post here..
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  • #191,188
  • Feb 6, 2010 3:51pm Feb 6, 2010 3:51pm
Quoting SkyzerFX
"it's pretty damn funny"

Yeah, it really is, - for example, if EU return now and going to headed

for the new High, you guys, will still keep shorting it up to 1.52, that's

why we all good analysts after the fact.. Where was those shorts 9000 pips

back?

Yeah, blahh, blahh: "I short it at 1.51 and cover at 1.3550" - of course you are.

Everybody making 500-2000 pips a day here, but yet

statistic say 98% of Forex traders are losing money, then I guess only

Masters are on this thread..
I guess, there is a lot of bragging going on in this thread as well, somehow misusing the intention of this thread.
So far, I'm far away from making a living out of forex, though it's extremely tempting to fully concentrate on it... but not yet, obviously. I make my share, not much, but I don't loose.
My wife is playing an MMO in her spare-time... and I assume, some of us consider forex to be the biggest and (probably) most expensive MMO out there.
By the number of participants in the market, there could still be 95-98% losers out there.
  • #191,189
  • Feb 6, 2010 4:02pm Feb 6, 2010 4:02pm
Quoting Mr Hatch
I guess, there is a lot of bragging going on in this thread as well, somehow misusing the intention of this thread.
So far, I'm far away from making a living out of forex, though it's extremely tempting to fully concentrate on it... but not yet, obviously. I make my share, not much, but I don't loose.
My wife is playing an MMO in her spare-time... and I assume, some of us consider forex to be the biggest and (probably) most expensive MMO out there.
By the number of participants in the market, there could still be 95-98% losers out there.
i don't know about braggin-mr hatch--if you call me out, i will answer.
and i then to do it with charts---annd if you feel like moving on afterwards,
we can do that too.
  • #191,190
  • Feb 6, 2010 4:11pm Feb 6, 2010 4:11pm
Quoting taomql4
i don't know about braggin-mr hatch--if you call me out, i will answer.
and i then to do it with charts---annd if you feel like moving on afterwards,
we can do that too.
It's OK, relax we are just talking

Your charts looks familiar. Templates similar to what Malc are using..

I was attaching that "Better Volume" Indy to my charts, but still

it's shooting stars here and there and necessarily price should move up

or down significantly. Not sure how you guys using that one..

I was watching it for few days and it doesn't make any sense, at least to

me, at all.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #191,191
  • Feb 6, 2010 4:16pm Feb 6, 2010 4:16pm
Quoting tahshoon
this is excellent description,well done from u ...
see u later, salaam
salam ya sa7by
  • #191,192
  • Feb 6, 2010 4:39pm Feb 6, 2010 4:39pm
Quoting Leche Mocha
The powers that be that control the USA markets do that Friday pop thing all the time after big down weeks so the media won't show the 10K Dow breaking all weekend and panic the public.

As Billy Ray Valentine would say, it's a move that "should clear out all of the suckers by then". Another really big drop is now on deck, imo.
all I know is that the es ended the day with a very high volume pin bar , all buying was off 1040 level. Day ended at 1060.

just have to wait to see what Monday brings.

I am a bear , have been for a long time and am much happier selling

the fact that dx , gold and us stoc k market all had same action says something is going on

and go look at your 4 hour gj / gu and eu the highest volume since 10 jan was friday and they all ended off lows .... suggesting possible buying interest / profit taking

I am still selling reatracements
Blogging daily now at www.volume.zone
  • #191,193
  • Feb 6, 2010 4:43pm Feb 6, 2010 4:43pm
tao was young Jedi not to long ago and i think now he could teach me a thing or 2 . Seems to have grasped what I was showing him pretty damn quick . Only thing is he forgot to send his tuition cheque in the mail ...or did it get lost ...???

Quoting SkyzerFX
It's OK, relax we are just talking

Your charts looks familiar. Templates similar to what Malc are using..

I was attaching that "Better Volume" Indy to my charts, but still

it's shooting stars here and there and necessarily price should move up

or down significantly. Not sure how you guys using that one..

I was watching it for few days and it doesn't make any sense, at least to

me, at all.
Blogging daily now at www.volume.zone
  • #191,194
  • Feb 6, 2010 4:50pm Feb 6, 2010 4:50pm
Quoting SkyzerFX
It's OK, relax we are just talking

Your charts looks familiar. Templates similar to what Malc are using..

I was attaching that "Better Volume" Indy to my charts, but still

it's shooting stars here and there and necessarily price should move up

or down significantly. Not sure how you guys using that one..

I was watching it for few days and it doesn't make any sense, at least to

me, at all.
They are Mal's templates from the VSA room(where i mostly hang out). i really don't understand how people trade without volume, You could put a gun to my head and i will not press the MARKET ORDER button
without looking at what Volume is doing.

It's like looking at a Car going uphill, and you asking me, will it keep going--

well, i have to ask You- Did the guy(SM) driving jumped out already and
the car(market) is just moving up on momentum(that is sure to die out)
or he's still in the car with his foot still on the pedal (applying pressure and supporting the upmove)..

Volume answers this critical Question!!! or else am just Guessing.
  • #191,195
  • Feb 6, 2010 4:54pm Feb 6, 2010 4:54pm
Check out charts about dollar index here
http://goldismoney.info/forums/showt...46#post2165446
the dollar may indeed go through a correction, have see if 81 gets cleared
  • #191,196
  • Feb 6, 2010 5:09pm Feb 6, 2010 5:09pm
Quoting malcolmb14
tao was young Jedi not to long ago and i think now he could teach me a thing or 2 . Seems to have grasped what I was showing him pretty damn quick . Only thing is he forgot to send his tuition cheque in the mail ...or did it get lost ...???
Am trying to mail the cheque, but for what ever reason,i can't stop working out with my trainer..
Attached Image
  • #191,197
  • Feb 6, 2010 5:14pm Feb 6, 2010 5:14pm
Clouds,

Based on that DX chart...you're expecting it to still head up to 81 before a RET?

I don't have any access to good charting yet for DX. I have been following it but couldn't really tell by looking at that chart.

Thanks for any pointers,

Donnie

To those giving us crap for shorting...please. You guys were the ones jumping in screaming "dollar collapse" "short dollar! short dollar!". Gator, Malc and few others gave excellent fundamental and technical reason for shorts...you guys didn't listen, just argue argue argue.
That post on the last page that talked about being "embarrassed" for missing the move is dead on right! That is exactly how it is/was, you guys were sure that your "news" "rich billionaire buddy" was right and went long...EUR went down down down and dollar went up against just about everything. You were pissed so just kept trying to basically call a bottom....
Just sit back and listen(THINK). There is some really good/obvious info in here and some great charts that show pretty consistently what the price action had done before and what it will do again.
  • #191,198
  • Feb 6, 2010 5:22pm Feb 6, 2010 5:22pm
Quoting taomql4
Am trying to mail the cheque, but for what ever reason,i can't stop working out with my trainer..
What kind of workout?
  • #191,199
  • Feb 6, 2010 5:28pm Feb 6, 2010 5:28pm
daily EU reverse levels and targets of now days short
Attached Image (click to enlarge)
Click to Enlarge Name: eudaily2.png Size: 23 KB
  • #191,200
  • Feb 6, 2010 5:30pm Feb 6, 2010 5:30pm
Quoting uraceulose
Clouds,

Based on that DX chart...you're expecting it to still head up to 81 before a RET?

I don't have any access to good charting yet for DX. I have been following it but couldn't really tell by looking at that chart.
It's just a view about the index, that seems a possibility, but so is a break of 81, maybe up to 84.

Very likely to test the EU lows before anything.

I'm still seller just shy of the 1.37 level, looking for a break of 1.36. If above 1.37, I'll wait for the volatility to calm down, sell there or wait for some type of resistance to be formed. This may be just consolidation.
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