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  • #201,901
  • Feb 24, 2010 9:47am Feb 24, 2010 9:47am
Quoting grandpost
I love this forum, I started here 2 days and already benefited a lot.
It was all I needed a pool of traders sorry, really sorry to say newbies; to be able to sense the sentiment of people who don't know the pulse.....and most of you are going UP...... when it is wave 2 of 3....Exactly what people are supposed to feel when there in that wave.....and then In one hour DISASTER

It's down down down Please SEARCH FORECASTS I MADE PREVIOUSly


DO NOT TRADE MY RECOMMENDATION

BUT if you are long Plz STAND ASIDE and SEE
say what ? you sure man ?
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #201,902
  • Feb 24, 2010 9:48am Feb 24, 2010 9:48am
+41pips, 1.3602
I just need to be right.
  • #201,903
  • Feb 24, 2010 9:49am Feb 24, 2010 9:49am
Quoting england33
bernankee wearing his euro tshirt before meeting.
I needed that... Laughed out loud..

Hoping for .3650 to enter short.. (4H res)
  • #201,904
  • Feb 24, 2010 9:51am Feb 24, 2010 9:51am
Hi all....here's a chart showing a bounce off the trend line break...

EUR maybe heading up...it has not been able to take out the Weekly Low yet...

Lemme know your thoughts .........
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd daily.gif Size: 11 KB
In Charts We Trust!
  • #201,905
  • Feb 24, 2010 9:52am Feb 24, 2010 9:52am
80.42 very important level on USX
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #201,906
  • Feb 24, 2010 9:53am Feb 24, 2010 9:53am
im currently long eu, eur/cad, short chf. a bounce may be in play near 3647, however the turn is becoming more obvious now.
Attached Image (click to enlarge)
Click to Enlarge Name: eufeb206hr.jpg Size: 151 KB
  • #201,907
  • Feb 24, 2010 9:53am Feb 24, 2010 9:53am
Quoting smokemachine
I had some doubts about up move, I can`t find the spot for longs, I believe it will reach 1.3700, before further down move...? Do you think breaking of 3590 is the door for up move...?
This is why it's good to take into account the panoramic view before making any intraday analysis. If you look at whats been going on for the past few weeks, it tells you a lot better how to trade the present. So, whats been happening in the last 3 weeks or so? Ever since the pair broke below 1.3800...we have been consolidating with lower highs and lower lows all the way down to the current strong support (on the daily term) around 1.3550. So one could say...current range is between 1.3550-1.3800. Now when we look at intraday, we see we went below 1.3550, however there wasn't much strength to stick around those levels yet. Not only that...but a clear descending range is visible with the last portion particularly making an equilateral triangle. What this leads me to conclude is, this range at the low is getting so tight now....it is getting ready for the next hard move. Now when trying to determine the likelyhood of the direction of the next big move...one cannot forget a simple trading principle. When a pair makes higher highs and higher lows, it usually breaks down hard...and inversely when the pair makes lower highs and lower lows...it breaks up hard.

If you read the entire post and have understood it...congrats..LOL. This is where I give my opinion. We have room to go up to 1.3800. Heavy support/resistance area in that area since March of last year. At that point I am inclined to short the bejeezus out of this pair but will take it on a day by day basis..re analyze then. First we must break this triangle that has consolidation range written all over it.

Attached Image (click to enlarge)
Click to Enlarge Name: boom1.jpg Size: 73 KB
Different opinions highly valued, ignorant to slander.
  • #201,908
  • Feb 24, 2010 9:55am Feb 24, 2010 9:55am
Hoping to see 1.4 again (1.45 if possible). I want to make a bet for another world recession so dollar positive.
  • #201,909
  • Feb 24, 2010 9:58am Feb 24, 2010 9:58am
Guys, I been long since about 4 in the morning and all I can say is it has been really hard keeping my long position because almost everyone here was saying short. Trust in your system people and use protection. Happy trading
  • #201,910
  • Feb 24, 2010 9:59am Feb 24, 2010 9:59am
Quoting kuroro001
Guys, go long if your trading plan told you to do so....
I'll short at 1.3620...and probably when it reaches 1.3650
very nice trading man

good job
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #201,911
  • Feb 24, 2010 10:00am Feb 24, 2010 10:00am
Ok, now that I see many calling long, I am more certain it's going down in 3 minutes.
  • #201,912
  • Feb 24, 2010 10:01am Feb 24, 2010 10:01am
Second order filled @ 1.3620...i might think about another one around 1.3650 if it goes there
I'm targeting 1.3500-20

PS : I love this price action
COT: The precious data ignored
  • #201,913
  • Feb 24, 2010 10:01am Feb 24, 2010 10:01am
US and Euroland seem to be in a race to the bottom. Who's bad news can be the worst---this seems to be the new normal now. Greece about to default, mr. Euro? We'll see your default and raise you a crushed American Dream (home ownership). I guess you can laugh to keep from crying, or drink to kill the pain. Either way, it is really sad to see what a sorry state we are in.

Regards,
  • #201,914
  • Feb 24, 2010 10:01am Feb 24, 2010 10:01am
Quoting psiholog
This is why it's good to take into account the panoramic view before making any intraday analysis. If you look at whats been going on for the past few weeks, it tells you a lot better how to trade the present. So, whats been happening in the last 3 weeks or so? Ever since the pair broke below 1.3800...we have been consolidating with lower highs and lower lows all the way down to the current strong support (on the daily term) around 1.3550. So one could say...current range is between 1.3550-1.3800. Now when we look at intraday, we see we went below...
This is looking more like a strong move up. next hr will confirm that.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #201,915
  • Feb 24, 2010 10:02am Feb 24, 2010 10:02am
Quoting X.Oden
Hi all....here's a chart showing a bounce off the trend line break...

EUR maybe heading up...it has not been able to take out the Weekly Low yet...

Lemme know your thoughts .........
Even if buyers are ready to start, there will probably be another final sharp push down underway.

Look at the stochastic indicator of yours ... it is going to enter OB zone soon while price is still going nowhere and remaining under pressure.

Just MHO
Discipline + Patience - Fear - Greed = Success
  • #201,916
  • Feb 24, 2010 10:02am Feb 24, 2010 10:02am
Quoting DMA Trader
very nice trading man

good job
Thanks mate...hope you get green pips
COT: The precious data ignored
  • #201,917
  • Feb 24, 2010 10:04am Feb 24, 2010 10:04am
Quoting kiefer
pigs theory over, long!
Man, if I could only figure out a way to get a quarter everytime someone screamed this......
  • #201,918
  • Feb 24, 2010 10:04am Feb 24, 2010 10:04am
bernanke says that he is not involved in bailout of greece , the fed received some acusations of lending to sadam husein 5 bilion before the war...guess what , sadam bought weapons from american companies , and now in irak they are drinking cola so if they bailout greece is no problem at all..
  • #201,919
  • Feb 24, 2010 10:04am Feb 24, 2010 10:04am
Weekly chart is fully bearish, Daily is in a range but inclination is down, hourly chart is bearish too. It is just this boil, I don't think it will touch 1.3700, 200 EMA is poised at 1.3615 on hourly chart and I don't think it will be violated. However, I don't think we are in for a bearish drive just now, it might inch down and by tomorrow we might see some action. All the windsurfers who went bullish at the start of this week might also want to shed their loads and only then we with short sentiment might reap our rewards. Share your thoughts.
  • #201,920
  • Feb 24, 2010 10:05am Feb 24, 2010 10:05am
Quoting Clouds
Ok, now that I see many calling long, I am more certain it's going down in 3 minutes.


shorts might be good for a few around 3748, i cant see much resistance till then
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