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EURUSD

  • #194,521
  • Feb 11, 2010 1:10pm Feb 11, 2010 1:10pm
Euro looks strong against USD because of good expectation from upcoming aussie market
You cannot learn better without losing
  • #194,522
  • Feb 11, 2010 1:10pm Feb 11, 2010 1:10pm
Quoting MuddBuddha
That's not a good thing.

All traders, regardless of market, should understand the basic principles of the Dow theory.

There is an excellent article on Dow theory in this site written by an absolutely brilliant trader and a man of men!

If you don't understand waves, you're bound to get sucked into the undertow....
let me. explain.. i never have read a trading book..good or bad..im better at tearing things apart and seeing what makes them tick. hands on ect. i suck at reading a manual. so maybe i do use some of those waves. but if i do i dont know. so please dont tell me. i dont want to know.. but of the waves i have seen here theres always tweaking.. after.. i try to be close to precise. many times it works.
those who can, do. those who cant, talk about those who can
  • #194,523
  • Feb 11, 2010 1:11pm Feb 11, 2010 1:11pm
Quoting gatorinla
your tl is off..
now that's another cryptic message. by employment, do you by any chance mean last friday's nfp?
  • #194,524
  • Feb 11, 2010 1:13pm Feb 11, 2010 1:13pm
Quoting randy1953
being Italian I can tell you we never got along with the Greeks and if that happened you would see chaos. Actually the Greeks never got along with anyone but their own..oh and my Aunt Ann was Greek but acted more like a Italian so she was OK
randy


greeks tank the euro lol really loud. to me some big boys wanted to have some good christmas and they did it very well. i ve read a couple of nonsense comments about the situation and i am surprised to see people believing that the so ( 'huge economy of europe as greece is') caused this 'mess'. with such easiness you point your finger. extreme opinions unfold here about that. i wonder what people with such opinions will say when another black sheep will be discovered soon. (how you thing you make your money here) thus a thanks here is ok for two months --- as for some voices from the north ( who they taking the discussion to another level ) the least to characterize them is as naive... but it is not the place to elaborate in detail nor the subject---mind what you feed your mind--- and happy pips
  • #194,525
  • Feb 11, 2010 1:18pm Feb 11, 2010 1:18pm
I can't believe it fell all the way back to 1.36 ! I thought everyone was expecting a pop from the news, what happened? This is some bullshit. I am about to quit this pair.
  • #194,526
  • Feb 11, 2010 1:18pm Feb 11, 2010 1:18pm
Getting frustrated yet with this ping pong? expect this to happen for the rest of the week. We shall see some trending moves next week
  • #194,527
  • Feb 11, 2010 1:20pm Feb 11, 2010 1:20pm
Quoting gatorinla
let me. explain.. i never have read a trading book..good or bad..im better at tearing things apart and seeing what makes them tick. hands on ect. i suck at reading a manual. so maybe i do use some of those waves. but if i do i dont know. so please dont tell me. i dont want to know.. but of the waves i have seen here theres always tweaking.. after.. i try to be close to precise. many times it works.
I can't say I agree. Knowledge is power. Even G.I. Joe would tell you that.

My experience: the more you know, the less you lose.

I'm not just yacking about waves, but about market concepts and trading concepts in general.

It's a gutsy theology.

But as long as there's a free market, you can trade it however you see fit.
Capital Preservation is key to long term wealth accumulation
  • #194,528
  • Feb 11, 2010 1:22pm Feb 11, 2010 1:22pm
είναι μια ελληνική;


Quoting sempreviva
greeks tank the euro lol really loud. To me some big boys wanted to have some good christmas and they did it very well. I ve read a couple of nonsense comments about the situation and i am surprised to see people believing that the so ( 'huge economy of europe as greece is') caused this 'mess'. With such easiness you point your finger. Extreme opinions unfold here about that. I wonder what people with such opinions will say when another black sheep will be discovered soon. (how you thing you make your money here) thus a thanks here is ok for two...
One good turn gets most of the blankets.
  • #194,529
  • Feb 11, 2010 1:24pm Feb 11, 2010 1:24pm
stuck in a 10 pips range for half an hour
Andreyou
  • #194,530
  • Feb 11, 2010 1:24pm Feb 11, 2010 1:24pm
Quoting MuddBuddha
I can't say I agree. Knowledge is power. Even G.I. Joe would tell you that.

My experience: the more you know, the less you lose.

I'm not just yacking about waves, but about market concepts and trading concepts in general.

It's a gutsy theology.

But as long as there's a free market, you can trade it however you see fit.
thanks...next time i'm at my cousins in indy,i'll give you a call for cocktails
hang on to your bread......unless you want toast
  • #194,531
  • Feb 11, 2010 1:26pm Feb 11, 2010 1:26pm
Quoting Gld
thanks...next time i'm at my cousins in indy,i'll give you a call for cocktails
As long you as you know you're buyin'.
Capital Preservation is key to long term wealth accumulation
  • #194,532
  • Feb 11, 2010 1:26pm Feb 11, 2010 1:26pm
Quoting randy1953
είναι μια ελληνική;
εισαι Ελληνας; r u greek?
  • #194,533
  • Feb 11, 2010 1:28pm Feb 11, 2010 1:28pm
having knowledge is one thing however it's of no use if you do not have the skills to apply it. A person that is gifted with application needs only a little knowledge to bring about solutions.
knowledge is only a tool
randy


Quoting MuddBuddha
I can't say I agree. Knowledge is power. Even G.I. Joe would tell you that.
.
One good turn gets most of the blankets.
  • #194,534
  • Feb 11, 2010 1:28pm Feb 11, 2010 1:28pm
Quoting orange_trad
now that's another cryptic message. by employment, do you by any chance mean last friday's nfp?
i wasnt talking about usdx. i was talking about eu only. and yes im quit familiar with where it reversed at.. its on several of my charts.. the release of news was at 8:30 et at that time we were at 3625.. we dropped then too 3595 after release. each time we get to the edge usd weakens.. it happend on all 6 usd crosses im in.. it happens when eu gets near the edge only..
those who can, do. those who cant, talk about those who can
  • #194,535
  • Feb 11, 2010 1:30pm Feb 11, 2010 1:30pm
Shorting opportunity gbp/usd 1.5735 (fib 38.2%), it has rejected it 2 time before.
They think they are smarter than I am.
  • #194,536
  • Feb 11, 2010 1:30pm Feb 11, 2010 1:30pm
Quoting randy1953
having knowledge is one thing however it's of no use if you do not have the skills to apply it. A person that is gifted with application needs only a little knowledge to bring about solutions.
knowledge is only a tool
randy

Tru dat.

You never know....till you know!

(Like what I did there?)
Capital Preservation is key to long term wealth accumulation
  • #194,537
  • Feb 11, 2010 1:31pm Feb 11, 2010 1:31pm
Quoting Leche Mocha
Your lines aren't evenly spaced. The bottom red line should be much lower to match the space between the top line and the middle line, fwiw. Your low should be more like 3485 not 3581.

I dont draw my lines evenly spaced like the book says. I have my own system and method of drawing lines, which have saved me from bad trades many times.

Many times market doesnt go exactly to the equally spaced lines, but goes pretty close to them. The way you know where to put the line is by the reaction that you can observe and the ending of the formations that happen at the lower time frames. I strongly disagree with drawing lines equally spaced.

To some extent equally spaced makes sense in about 45% of the situations, but in the rest you have to pay attention to the spikes, the formation, the retracements and the tenacity of the market when drawing your trendlines.

Best practice is to pay a lot of attention to the details in lower time frames and keep drawing lines and experimenting with them.
  • #194,538
  • Feb 11, 2010 1:32pm Feb 11, 2010 1:32pm
Quoting MuddBuddha
As long you as you know you're buyin'.
DEPENDS......whether i have them on or not
hang on to your bread......unless you want toast
  • #194,539
  • Feb 11, 2010 1:33pm Feb 11, 2010 1:33pm
Quoting orange_trad
now that's another cryptic message. by employment, do you by any chance mean last friday's nfp?
the unemployment claims today...it is in the calender link at the top or bottom of this forum. I think...
  • #194,540
  • Feb 11, 2010 1:35pm Feb 11, 2010 1:35pm
Quoting Gld
DEPENDS......whether i have them on or not
Best to keep in pair under wraps, so to speak.

You never know when your prostate will finally start working again.
Capital Preservation is key to long term wealth accumulation
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