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  • #194,621
  • Feb 11, 2010 3:42pm Feb 11, 2010 3:42pm
Quoting cammomile
How could she marry you with that previous avatar of yours (paper bag smiley face)?
I figured she loved surprises.
Capital Preservation is key to long term wealth accumulation
  • #194,622
  • Feb 11, 2010 3:45pm Feb 11, 2010 3:45pm
Quoting tahshoon
we r going down but with slow motion,correction up not more than 1.38 ...
Your lips to god's ears, Tahshoon.
Capital Preservation is key to long term wealth accumulation
  • #194,623
  • Feb 11, 2010 3:46pm Feb 11, 2010 3:46pm
Quoting MuddBuddha
No, for most, experience has to be firsthand. We are megalomaniacs by nature.
I gueess so...
  • #194,624
  • Feb 11, 2010 3:50pm Feb 11, 2010 3:50pm
Quoting MuddBuddha
Look up the Structure of Forex Brokers by DarkStar here in the site.

His post was incredible and explained a lot away as far as the frustration of price action.

Thanks for posting this article, really breaks down what liquitity in this market is.
This is what awesome feels like
  • #194,625
  • Feb 11, 2010 3:53pm Feb 11, 2010 3:53pm
Quoting Matt99
I gueess so...
The most important thing to remember, Matt, is that eventually, the "ultimate system" will fail you and cause you to doubt your ability to trade.

There are so many trading systems posted here on FF, of which, I'm directly responsible for at least three.

Many of those work in a trend. Many of those work in a range. But not many work in both.

You can trade well. It's not that hard. It is actually more common sense than most give it credit for. We make it much harder than it is.

Alcohol helps. You may doubt me now....but you will eventually give in to the dark side.
Capital Preservation is key to long term wealth accumulation
  • #194,626
  • Feb 11, 2010 3:56pm Feb 11, 2010 3:56pm
Quoting BudFox
Thanks for posting this article, really breaks down what liquitity in this market is.
Exactly!

DarkStar was a genius. I don't know where he is now, but for a short time we got to bask in his glory.

I've re-read that post seven times.

If you google, the structure of forex brokers, his name will come up over and over.

His post will survive into the ages.
Capital Preservation is key to long term wealth accumulation
  • #194,627
  • Feb 11, 2010 3:56pm Feb 11, 2010 3:56pm
Quoting TheLastCoke
Gap.
I did get buy.
  • #194,628
  • Feb 11, 2010 3:57pm Feb 11, 2010 3:57pm
Quoting MuddBuddha

Alcohol helps. You may doubt me now....but you will eventually give in to the dark side.


And I thought you like tea...
  • #194,629
  • Feb 11, 2010 3:57pm Feb 11, 2010 3:57pm
I don't get the bullish talk about EURUSD it still has further to fall...

I believe that the EURUSD is currently in wave 5 of a 3rd wave on the daily charts, and the current decline may end with this wave if it is a correction from the end of November high.

My target for this current drop is to at least 1.3515
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  • #194,630
  • Feb 11, 2010 4:00pm Feb 11, 2010 4:00pm
Quoting cammomile


And I thought you like tea...
Happy hour starts at 5:00.

2:30 if you're watch is set incorrectly.
Capital Preservation is key to long term wealth accumulation
  • #194,631
  • Feb 11, 2010 4:04pm Feb 11, 2010 4:04pm
Quoting MuddBuddha
Happy hour starts at 5:00.

2:30 if you're watch is set incorrectly.
Every day?
  • #194,632
  • Feb 11, 2010 4:06pm Feb 11, 2010 4:06pm
Only if you bother to get dressed and wear a watch.
Capital Preservation is key to long term wealth accumulation
  • #194,633
  • Feb 11, 2010 4:09pm Feb 11, 2010 4:09pm
I am still very new at this, but from what I am seeing on the 4h and 1day chart, we are due for another fall. What are you more experienced thoughts, will we see another fall or are we going to begin the bullish climb back out?

Thanks for words of wisdom and for putting up with the inexperienced ones...
  • #194,634
  • Feb 11, 2010 4:10pm Feb 11, 2010 4:10pm
Quoting MaxDoom
I don't get the bullish talk about EURUSD it still has further to fall...

I believe that the EURUSD is currently in wave 5 of a 3rd wave on the daily charts, and the current decline may end with this wave if it is a correction from the end of November high.

My target for this current drop is to at least 1.3515
I'm going based on the close of the 8-hour pin bar.

It would indicate a "bullish" attitude. Or at least a small pull back before the down trend continues.

It's hard to sustain the snowball effect. Very few trends have that kind of strength. Most require pullbacks to spark new interest.
Capital Preservation is key to long term wealth accumulation
  • #194,635
  • Feb 11, 2010 4:16pm Feb 11, 2010 4:16pm
Quoting MaxDoom
I don't get the bullish talk about EURUSD it still has further to fall...

I believe that the EURUSD is currently in wave 5 of a 3rd wave on the daily charts, and the current decline may end with this wave if it is a correction from the end of November high.

My target for this current drop is to at least 1.3515
There are 2 sides to every story...
  • #194,636
  • Feb 11, 2010 4:20pm Feb 11, 2010 4:20pm
Quoting TheLastCoke
Gap.
can you please explain what is the relevance of a gap.
thanks
  • #194,637
  • Feb 11, 2010 4:21pm Feb 11, 2010 4:21pm
Quoting MaxDoom
I don't get the bullish talk about EURUSD it still has further to fall...

I believe that the EURUSD is currently in wave 5 of a 3rd wave on the daily charts, and the current decline may end with this wave if it is a correction from the end of November high.

My target for this current drop is to at least 1.3515
If I remember my Elliot Wave correctly, wave 3 must be larger than wave 1 but no larger than wave 2. Yes?

I don't recall the %'s.
Capital Preservation is key to long term wealth accumulation
  • #194,638
  • Feb 11, 2010 4:23pm Feb 11, 2010 4:23pm
Quoting MuddBuddha
The most important thing to remember, Matt, is that eventually, the "ultimate system" will fail you and cause you to doubt your ability to trade.

There are so many trading systems posted here on FF, of which, I'm directly responsible for at least three.

Many of those work in a trend....
Thanks for your thoughts...I'll try to add them to my trading...except the alcohol...
  • #194,639
  • Feb 11, 2010 4:23pm Feb 11, 2010 4:23pm
Quoting dxvas
can you please explain what is the relevance of a gap.
thanks

GAP = from verb latin "Gays At Park", is the fucking motion that opens fire on the closing of the previous candle.

is, still comes back to close.
Let us be green
  • #194,640
  • Feb 11, 2010 4:23pm Feb 11, 2010 4:23pm
Quoting MuddBuddha
Only if you bother to get dressed and wear a watch.
One can measure time in bottles or cups. A watch is irrelevant.
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