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  • #202,781
  • Feb 25, 2010 11:35am Feb 25, 2010 11:35am
We are playing triangle, it must drop from 1.3519.

1.3510 is the center.
They think they are smarter than I am.
  • #202,782
  • Feb 25, 2010 11:36am Feb 25, 2010 11:36am
Quoting uraceulose
u really think any moment? I figured they'd wait til next month a week or so before that debt comes due...this is coming and will cause a drop to one of your levels gator(i'm sure you know). I believe it's about 25 billion that greece must come up with by the end of next month. They're talking about downgrade of 2 levels...that article that spoke of it also goes into credit default swaps and the amount of interest that must be paid on greece debt insurance right now...it's getting bad and they WILL need money next month some how
well trying to make a proof on a conspiracy theory. I would say downgrade and then they will borrow at a bigger interest.
that loan that they need is a joke in the face of 2010 when we only talk trillions but don't really follow conspiracy theory's. just don't like rating agency's. They always come to late to the "party"
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #202,783
  • Feb 25, 2010 11:36am Feb 25, 2010 11:36am
Quoting BoredToLoose
It is very risk to go against the Trend, I know that, but to get a weekly signal you must wait lot of upside pips.

I am following some charts and I can fail, trading weekly it is very nasty.
IMHO in are in strong areas to support Euro, and I will start hedging my position this week if 1.3450 goes.
This is Forex, everything can happen, and I am following my plan, let's see if I will be a dead Man Walking.
Just one think, for my view still intact we must see a important move to the upside tomorrow, I am alerting everyone that we are in danger area...
Your LONG trade you mentioned earlier seems very interesting. Like some others, I see a general downtrend (bearish) in weekly and daily for EUR/USD.

Mind if you share a bit of why you decided to trade LONG weekly?

p.s. Not asking you to share your indicators or trade secrets, just curious why you would like to go against the trend.
  • #202,784
  • Feb 25, 2010 11:39am Feb 25, 2010 11:39am
Quoting lawgirl21
I'm with you both. My long term positions are short, but I do like to get extra pips scalping for approx. 10 pips at a time. Makes it a little more interesting watching this paint dry.

Hi Lawgirl21, I remembered you mentioned using Colin77's indicator to scalp. Being a newbie, i dont really understand his trading strategy of entering when a new candle is formed.

I usually trade with a naked chart but I am curious and wouldnt mind learning something new.

Mind elaborating a bit please?
  • #202,785
  • Feb 25, 2010 11:41am Feb 25, 2010 11:41am
Going up again...i think it gets up to 1.3550
  • #202,786
  • Feb 25, 2010 11:44am Feb 25, 2010 11:44am
Quoting Mr Hatch
i'd like to see a single buy signal on this weekly chart.
Here you go:

http://www.forexfactory.com/showpost...stcount=201552
  • #202,787
  • Feb 25, 2010 11:48am Feb 25, 2010 11:48am
Closed positions with little profits...at least it's in the green ! ouf!
Lessons learned guys

No more volume either up or down...no direction right now...i'll let the price doing what it does
I'll probably short around 1.3520-40 if it gets there
COT: The precious data ignored
  • #202,788
  • Feb 25, 2010 11:48am Feb 25, 2010 11:48am
e
Quoting Xismal
Your LONG trade you mentioned earlier seems very interesting. Like some others, I see a general downtrend (bearish) in weekly and daily for EUR/USD.

Mind if you share a bit of why you decided to trade LONG weekly?

p.s. Not asking you to share your indicators or trade secrets, just curious why you would like to go against the trend.
Sometimes I see the Other side of the moon, the must important it is to have nerves of steel and hedge the positions in right places like I have done Yesterday at 1.3511 to close all my shorts at 1.3455 area and see how this level will work, didn't cross so far, doesn't mean it can't, but once again are holding.
I failed to start too soon my weekly view, And if we see Weekly Chart PA it is very reluctant to cross 1.3440/50 area. I have defined 1.3410 area as a VERY STRONG area to see a important reversion.

I am basing my view in one chart I have posted in my blog and other chart that sometimes trick me, let's see if this time will not.
Right now I am not so confident, because we are resilient too to get out of these areas strongly, this week it is important to see a week close above 1.3580 or better other levels above, let's see if we will get other Weekly Doji, if so so prepare to see a explosion for next week, it can go either way.
  • #202,789
  • Feb 25, 2010 11:49am Feb 25, 2010 11:49am
Quoting DMA Trader
well trying to make a proof on a conspiracy theory. I would say downgrade and then they will borrow at a bigger interest.
that loan that they need is a joke in the face of 2010 when we only talk trillions but don't really follow conspiracy theory's. just don't like rating agency's. They always come to late to the "party"

DMA,

What do you mean conspiracy? Sry I don't get it. I realize it's not a lot of money in the grand scheme of total EZ debt...it's just everything as a whole and how much they're going to have to pay to borrow that will F them just as it did our financial institutions no jobs etc...

Thanks,

donnie
  • #202,790
  • Feb 25, 2010 11:50am Feb 25, 2010 11:50am
Quoting Xismal
Hi Lawgirl21, I remembered you mentioned using Colin77's indicator to scalp. Being a newbie, i dont really understand his trading strategy of entering when a new candle is formed.

I usually trade with a naked chart but I am curious and wouldnt mind learning something new.

Mind elaborating a bit please?

Hi, I'll be happy to tell you what I know. It's extremely simple. Look up Colin77 on the members list and read all of his posts. There aren't too many, but are interesting.

He says to enter on the change of candle color on M1 chart. That's what I do. I take profit up to +10 pips, but set no SL. You have to stay right with the chart though..so no napping while doing this. The Super Candle Trend Line may change color first which alerts you to watch for possible candle color change, but wait for candle color change.

I do this at my office when things are slow. I have made +100 yesterday and today just going back and forth, short and long. Fun! Hope this helps!
  • #202,791
  • Feb 25, 2010 11:51am Feb 25, 2010 11:51am
Quoting uraceulose
u really think any moment? I figured they'd wait til next month a week or so before that debt comes due...this is coming and will cause a drop to one of your levels gator(i'm sure you know). I believe it's about 25 billion that greece must come up with by the end of next month. They're talking about downgrade of 2 levels...that article that spoke of it also goes into credit default swaps and the amount of interest that must be paid on greece debt insurance right now...it's getting bad and they WILL need money next month some how
bail out no bail out.. its a shell game. pull off the band-aid or pull it slowly. the debt still will be in the ez. no matter if greece has it or germany backs it. they need usd to pay some of the bills.. and they with a lower euro are getting less bang for the buck.. banks are heavy in greece including goldmen.. public will not allow another aig to bail out this time. at best euro will limp a long time.. its the best thing for ez as a whole excluding debt. because it will help exports. if they worry about inflation they will shoot themselfs in the foot. germany will not give on inflation much. so the foot is shot.
those who can, do. those who cant, talk about those who can
  • #202,792
  • Feb 25, 2010 11:54am Feb 25, 2010 11:54am
Quoting BoredToLoose
e

Sometimes I see the Other side of the moon, the must important it is to have nerves of steel and hedge the positions in right places like I have done Yesterday at 1.3511 to close all my shorts at 1.3455 area and see how this level will work, didn't cross so far, doesn't mean it can't, but once again are holding.
I failed to start too soon my weekly view, And if we see Weekly Chart PA it is very reluctant to cross 1.3440/50 area. I have defined 1.3410 area as a VERY STRONG area to see a important reversion.

I am basing my view in one chart...
Thanks a lot for sharing
  • #202,793
  • Feb 25, 2010 11:56am Feb 25, 2010 11:56am
Quoting gatorinla
bail out no bail out.. its a shell game. pull off the band-aid or pull it slowly. the debt still will be in the ez. no matter if greece has it or germany backs it. they need usd to pay some of the bills.. and they with a lower euro are getting less bang for the buck.. banks are heavy in greece including goldmen.. public will not allow another aig to bail out this time. at best euro will limp a long time.. its the best thing for ez as a whole excluding debt. because...
thanks man. This is what I've been thinking about when I'm driving and just thinking and such...I mean does it not help the ez's right now to have cheap money?...I think so rihgt? Don't we need a little stronger dollar? I know unemployment is down but inflation will kill us(before something else does)...both currencies will eventually become 1 but for the next cycle...dollar will rise. You're absolutely right that they're public won't allow a bail out...so where does this leave them? How could any of this be positive for the euro...?
  • #202,794
  • Feb 25, 2010 11:57am Feb 25, 2010 11:57am
playing small lots now. short at 1.3520. :-)
  • #202,795
  • Feb 25, 2010 11:58am Feb 25, 2010 11:58am
Quoting lawgirl21
Hi, I'll be happy to tell you what I know. It's extremely simple. Look up Colin77 on the members list and read all of his posts. There aren't too many, but are interesting.

He says to enter on the change of candle color on M1 chart. That's what I do. I take profit up to +10 pips, but set no SL. You have to stay right with the chart though..so no napping while doing this. The Super Candle Trend Line may change color first which alerts you to watch for possible candle color change, but wait for candle color change.

I do this at my office when...
*blush* I didnt know you could read all of someone's post by searching member list. Thanks for pointing that out to me!

On your post: "Enter on the change of candle color on M1 chart".

Let's say currently it is three bear candles with that red line indicator, then suddenly it is a green indicator line. Do you enter when you see a white bull candle "immediately" or wait for a white bull candle to close first?
  • #202,796
  • Feb 25, 2010 11:58am Feb 25, 2010 11:58am
Quoting kuroro001
Closed positions with little profits...at least it's in the green ! ouf!
Lessons learned guys

No more volume either up or down...no direction right now...i'll let the price doing what it does
I'll probably short around 1.3520-40 if it gets there
Why did you closed the longs? On H4 there are only bullish signs.
If you're not part of the solution then you're part of the problem.
  • #202,797
  • Feb 25, 2010 11:59am Feb 25, 2010 11:59am
Quoting uraceulose
DMA,

What do you mean conspiracy? Sry I don't get it. I realize it's not a lot of money in the grand scheme of total EZ debt...it's just everything as a whole and how much they're going to have to pay to borrow that will F them just as it did our financial institutions no jobs etc...

Thanks,

donnie
well last week there were rumors that private investors are willing to lend them money. like big banks. remember last bond acution in greece. thay paid big yeld but they got all the money they wanted. so maybe there is money both for them and spain. or maybe irland, portugal. they just want a bigget interest on the loan. since all now is correlated with CDS.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #202,798
  • Feb 25, 2010 11:59am Feb 25, 2010 11:59am
36(39 I think was gators number) or 53 which is the DP could be all she can go...I will short if we get to 53 depending on PA but almost for sure
  • #202,799
  • Feb 25, 2010 12:01pm Feb 25, 2010 12:01pm
Quoting DMA Trader
well last week there were rumors that private investors are willing to lend them money. like big banks. remember last bond acution in greece. thay paid big yeld but they got all the money they wanted. so maybe there is money both for them and spain. or maybe irland, portugal. they just want a bigget interest on the loan. since all now is correlated with CDS.

i c thanks man. I don't remember that bond auction but I'll google it and figure out what was the deal.
  • #202,800
  • Feb 25, 2010 12:02pm Feb 25, 2010 12:02pm
ok guys / girls. got to do errands. I'm trying to follow along and post something useful but nothing is standing out to me right now. good luck on your trades!!
Before Forex I was tall, and clean shaven. Now I am an Ewok.
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