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  • #208,761
  • Mar 9, 2010 2:21pm Mar 9, 2010 2:21pm
Quoting JasonGuillen
http://www.thebearoutpost.com/shop/images/qq-ibbf.gif

Be careful when looking for a pic of "Bear Flags"

I thought it would make a good avatar, until I realized what Kind of Bears used this flag....
I had to look at the root website... and I've got to admit, that's hilarious.
Every time you use 'hopium' in a post, God kills a kitten.
  • #208,762
  • Mar 9, 2010 2:24pm Mar 9, 2010 2:24pm
Quoting JasonGuillen
http://www.thebearoutpost.com/shop/images/qq-ibbf.gif

Be careful when looking for a pic of "Bear Flags"

I thought it would make a good avatar, until I realized what Kind of Bears used this flag....
i saw the flag but didn't go to see where the flag comes from.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #208,763
  • Mar 9, 2010 2:25pm Mar 9, 2010 2:25pm
tick tock
where is gator.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #208,764
  • Mar 9, 2010 2:26pm Mar 9, 2010 2:26pm
Quoting jsspmk
Why exclude a bear flag possibility since it still is a down trend? Technically speaking that's what it is, as key resistance levels haven't even been touched yet.
Because it realy looks like an inversed computer screen:

Attached Image


But seriously, could you show your bear flag, can't find it.....
Don't be a hero. Don't have an ego. Always question yourself
  • #208,765
  • Mar 9, 2010 2:32pm Mar 9, 2010 2:32pm
Not sure how this will pan out with the current crap PA, but it's food for thought......
Attached Image (click to enlarge)
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #208,766
  • Mar 9, 2010 2:40pm Mar 9, 2010 2:40pm
Quoting USD-Bear

But seriously, could you show your bear flag, can't find it.....
Daily chart
Attached Image (click to enlarge)
Click to Enlarge Name: flags.jpg Size: 119 KB
Prices oscillate, trends persist. Trend is your friend.
  • #208,767
  • Mar 9, 2010 2:46pm Mar 9, 2010 2:46pm
Quoting jsspmk
Daily chart
Last Days Pattern not a perfect Bear Flag, last one at 1.4500 area yes it was, this one isn't.
  • #208,768
  • Mar 9, 2010 2:46pm Mar 9, 2010 2:46pm
Quoting jsspmk
Daily chart
ah, thanks, but i like the pole more vertical and the flag more symetrical before thinking of a valid bear-flag, but then I could be wrong.....
Don't be a hero. Don't have an ego. Always question yourself
  • #208,769
  • Mar 9, 2010 2:47pm Mar 9, 2010 2:47pm
I have a EUR/USD long in -119 pips, what do you think, should I hold it?
  • #208,770
  • Mar 9, 2010 2:48pm Mar 9, 2010 2:48pm
Patterns are never perfect, as they are based on order flow. Even S&P500 didn't double top at exactly same level, yet it is considered a double top because it looks like one.
Prices oscillate, trends persist. Trend is your friend.
  • #208,771
  • Mar 9, 2010 2:51pm Mar 9, 2010 2:51pm
Quoting forex_trader
I have a EUR/USD long in -119 pips, what do you think, should I hold it?
I would, but try averaging on down moves and sell part on upmoves, I managed to get my level down to 1.355 today while collecting a few pips.
Don't be a hero. Don't have an ego. Always question yourself
  • #208,772
  • Mar 9, 2010 2:53pm Mar 9, 2010 2:53pm
Quoting jsspmk
Patterns are never perfect, as they are based on order flow. Even S&P500 didn't double top at exactly same level, yet it is considered a double top because it looks like one.
imho not perfect is something else than not valid.....
Don't be a hero. Don't have an ego. Always question yourself
  • #208,773
  • Mar 9, 2010 2:56pm Mar 9, 2010 2:56pm
Possible to see new low if not this week next one, but I see more possibility to see in Medium term PA above 1.4000 then below 1.3300.

I see 1.3420 area a Strong level to hold, PA IMHO it will be Sideways for some days but with bull pressure, so we will see only higher lows.

My weekly view is dead because timings are out, but until we do not see a week closing below 1.3580 Bears can't send PA for new week lows.
  • #208,774
  • Mar 9, 2010 2:57pm Mar 9, 2010 2:57pm
If it looks like a duck, sound like a duck, and acts like a duck what is it

hint.
bear flag
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #208,775
  • Mar 9, 2010 3:03pm Mar 9, 2010 3:03pm
Quote
I have a EUR/USD long in -119 pips, what do you think, should I hold it?

Bulls will say to you average it..thats their opinion.

Bears will say to you exit it..thats their opinion.

It seems you have taken a long at the highest zone of 137.

Go back, learn the fundamentals, learn the technicals, try demo trading and dont fund a real account for time being.
  • #208,776
  • Mar 9, 2010 3:09pm Mar 9, 2010 3:09pm
Quoting forex_trader
I have a EUR/USD long in -119 pips, what do you think, should I hold it?
There shouldn't be any trading going on if you are uncertain.
Prices oscillate, trends persist. Trend is your friend.
  • #208,777
  • Mar 9, 2010 3:12pm Mar 9, 2010 3:12pm
Very good advise.


Quoting kingfisher
Bulls will say to you average it..thats their opinion.

Bears will say to you exit it..thats their opinion.

It seems you have taken a long at the highest zone of 137.

Go back, learn the fundamentals, learn the technicals, try demo trading and dont fund a real account for time being.
  • #208,778
  • Mar 9, 2010 3:14pm Mar 9, 2010 3:14pm
Quoting forex_trader
I have a EUR/USD long in -119 pips, what do you think, should I hold it?
All depends how many days or even weeks do you want to profit for most of your trade.
Are your MM over 3 or 5%?

My view it is to see more upside moves above 1.3700, but we can see below 1.3500 this week, everything can happen and with the last days PA, flip a coin.
Only you can decide what to do, sorry!
  • #208,779
  • Mar 9, 2010 3:14pm Mar 9, 2010 3:14pm
only a 15min. chart
Attached Image (click to enlarge)
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  • #208,780
  • Mar 9, 2010 3:15pm Mar 9, 2010 3:15pm
Quoting forex_trader
I have a EUR/USD long in -119 pips, what do you think, should I hold it?
put a stop loss where do you think it will be sure to go down. and wait.
jumping from bad trade to bad trade in a range is worse than holding to that position.
assuming we are still in a range.

today a very important level 1.355 was not taken so you still have a chance.

good luck
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
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