Dislikedcock suckers dont have a freaking plan.. their just tyring to put a bs finger in the damn for their elite freinds closing their longs.. gb said no inflation.. so its a wave lower.. strings are being pulled. debt is debt.. its a shell game. debt has to be paid or not. if not paid eu falls as well as some banks. if its paid through some type of bailout eu falls to higher taxes and stagnet spending. either way usd rises.. this is bs to stop a free fall on euro.. u.s. fed may be on board. preventing market shock to save europes banking system.. something...Ignored
- #193,262
- Feb 10, 2010 5:34am Feb 10, 2010 5:34am
- Joined Aug 2008 | Status: Fear makes us see who we really are | 4,822 Posts
what can't go up, must come down. trust you're resistance, (even though I dont), sleep little darling don't u cry, mamma's gonna buy u a mockingbird
They think they are smarter than I am.
- #193,263
- Feb 10, 2010 5:38am Feb 10, 2010 5:38am
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
those who can, do. those who cant, talk about those who can
- #193,266
- Feb 10, 2010 5:42am Feb 10, 2010 5:42am
- Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts
Hello folks. My trading plan
Today I am looking for sells only. Sells only because we have been in a consolidation uptrend (see light blue walls) since the lows, but no real strength was visibile (not even in the 100pip move up). All this tells me the real strength is still to the down side and have selected 3 points as possible entry point.
1) The first location marked on the chart is the previous support from last week and may now have become resistance. It also marks a double top with yesterdays high therefore a sell in this area may be...lucrative.
2)The second location on the chart is the upper wall of the channel we have been consolidating in since the lows. If you are a long term bear, this entry point would be a gift as the potential for profit is high and it's also around 1.4
3) If the first and second locations do not get reached, the third location is in case of a break down out of the uptrend. This is the most risky of all trades because breakouts are usually asociated with volatility and pa tends to move up and down HARD before actually continuing in the expected direction.
As a sidenote...the Eur/Usd and Eur/Jpy have been twin brothers these past few days..one moves ...the other does the same. While my analysis is on the Eur/Usd, my trading plan is very similar in Eur/Jpy and I am already invested in there with half a position short upon which I am looking to add.
Good pippin all.
Today I am looking for sells only. Sells only because we have been in a consolidation uptrend (see light blue walls) since the lows, but no real strength was visibile (not even in the 100pip move up). All this tells me the real strength is still to the down side and have selected 3 points as possible entry point.
1) The first location marked on the chart is the previous support from last week and may now have become resistance. It also marks a double top with yesterdays high therefore a sell in this area may be...lucrative.
2)The second location on the chart is the upper wall of the channel we have been consolidating in since the lows. If you are a long term bear, this entry point would be a gift as the potential for profit is high and it's also around 1.4
3) If the first and second locations do not get reached, the third location is in case of a break down out of the uptrend. This is the most risky of all trades because breakouts are usually asociated with volatility and pa tends to move up and down HARD before actually continuing in the expected direction.
As a sidenote...the Eur/Usd and Eur/Jpy have been twin brothers these past few days..one moves ...the other does the same. While my analysis is on the Eur/Usd, my trading plan is very similar in Eur/Jpy and I am already invested in there with half a position short upon which I am looking to add.
Good pippin all.
Different opinions highly valued, ignorant to slander.
- #193,267
- Feb 10, 2010 5:44am Feb 10, 2010 5:44am
- | Joined Aug 2009 | Status: Membership Revokеd | 4,396 Posts
You cannot learn better without losing
- #193,271
- Feb 10, 2010 5:56am Feb 10, 2010 5:56am
- Joined Aug 2008 | Status: Fear makes us see who we really are | 4,822 Posts
They think they are smarter than I am.
- #193,274
- Feb 10, 2010 6:06am Feb 10, 2010 6:06am
- Joined Aug 2008 | Status: Fear makes us see who we really are | 4,822 Posts
They think they are smarter than I am.
- #193,275
- Feb 10, 2010 6:21am Feb 10, 2010 6:21am
- Joined Apr 2009 | Status: Live and learn. | 25,161 Posts
"If The Fool persists in his Folly he will become wise." - William Blake
- #193,277
- Feb 10, 2010 6:27am Feb 10, 2010 6:27am
- Joined Aug 2008 | Status: Fear makes us see who we really are | 4,822 Posts
They think they are smarter than I am.
- #193,278
- Feb 10, 2010 6:31am Feb 10, 2010 6:31am
- Joined Feb 2009 | Status: Commercial Member <- Don't trust me | 2,976 Posts
