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  • #212,441
  • Mar 17, 2010 4:01pm Mar 17, 2010 4:01pm
"Parsons was Winston's fellow employee at the Ministry of Truth. He was a fattish but active man of paralyzing stupidity, a mass of imbecile enthusiasms—one of those completely unquestioning, devoted drudges on whom, more even than on the thought police, the stability of the Party depended."
- George Orwell, 1984, Book 1, Chapter 2

Quoting akhtergroup
Just because you can buy cigarettes does not mean it's good for you. I am not 'laying down for the government.' There's a reason why 95% of new traders fail. Under capitalized, cutting profits short at a few points and letting losses run 50-to-100+ points. add 1:500 leverage and it's pretty much a recipe for disaster.

1:500 leverage, with minimum $100 deposit WITH NO FDIC insurance. Not to mention 8%-20% bonus' for deposits and trading contests.

vs.

1:10 leverage, with minimum $250,000 deposit WITH FDIC insurance.

Yea it's a pretty obvious choice....
  • #212,442
  • Mar 17, 2010 4:01pm Mar 17, 2010 4:01pm
Quoting jsspmk
So, maybe it's Germany that will leave Eurozone, after all when hanging off a cliff it's the mountainer below that gets cut off, not the one above.
Sometime i read Germany interested to help Greece and other time i read they won't do that because people totally will not help Greece from tax payer
Anyone from Germany can clear this ?
  • #212,443
  • Mar 17, 2010 4:06pm Mar 17, 2010 4:06pm
Quoting gatorinla
maybe kiwi 2

Don't forget Oil and the bonds.

Also, bonds usually lead a big turn and they turned around the 10th of the month and have been trending the opposite of the Dow so if you use correlating markets it would suggest this move should turn on the Dow unless bonds completely turned around in quick order.

If people are interested in this correlation on the Bonds and the Dow compare the bottoming out this past year with the time when bonds bottomed out.

fyi- If people are looking on the futures charts they are inverse.
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  • #212,444
  • Mar 17, 2010 4:24pm Mar 17, 2010 4:24pm
Quoting mmccormac
I'm not the developer on it but here is the indicator... I don't use most of the stuff that's on the indicator (Only times and news from Forex Factory).

If I'm not suppose to post this here someone please PM me so I can remove it.
cheers mate
  • #212,445
  • Mar 17, 2010 4:28pm Mar 17, 2010 4:28pm
WOW have a look @ gold
wut a stupid move
7 $ in less than 5 min
  • #212,446
  • Mar 17, 2010 4:32pm Mar 17, 2010 4:32pm
Quoting warta
WOW have a look @ gold
wut a stupid move
7 $ in less than 5 min
7? I see 3$
  • #212,447
  • Mar 17, 2010 4:35pm Mar 17, 2010 4:35pm
Quoting cunha
7? I see 3$
well in total 7 from 1119 to 1125
  • #212,448
  • Mar 17, 2010 4:36pm Mar 17, 2010 4:36pm
Quoting cunha
7? I see 3$
1125-1118=7
  • #212,449
  • Mar 17, 2010 4:38pm Mar 17, 2010 4:38pm
Quoting uraceulose
1125-1118=7
He probably figured it from the bottom about 1.5hrs ago around 1118.

Edit: LOL, guess I copied after you did the math.
  • #212,450
  • Mar 17, 2010 4:40pm Mar 17, 2010 4:40pm
Quoting mmccormac
He probably figured it from the bottom about 1.5hrs ago around 1118.

Edit: LOL, guess I copied after you did the math.

lol, I had to
  • #212,451
  • Mar 17, 2010 4:43pm Mar 17, 2010 4:43pm
Quoting mmccormac
He probably figured it from the bottom about 1.5hrs ago around 1118.

Edit: LOL, guess I copied after you did the math.
i cant find a top and bottom for this crap
  • #212,452
  • Mar 17, 2010 5:02pm Mar 17, 2010 5:02pm
Quoting warta
i cant find a top and bottom for this crap

Well if you're shorting I would have my stop above that Daily UTL and that 50% Fib level. See that massive tension area around 1138 I circled? That's the highest over the past 150 days and happens to be right above the UTL and 50% fib level.

Hope this helps!

Edit: Also, the Daily candle today was awesome as well. The trendline it touched should hold but if not theres one just above that with a 50% fib and massive market tension.
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  • #212,453
  • Mar 17, 2010 5:04pm Mar 17, 2010 5:04pm
Our trading idea about the other bullish mini-wave at EU didn’t prove, the pair broke the previous minimum, that showed the correction move is already active.

Though, I was lucky and the price retraced just after the breakthrough, and the order kept opened, so I could close it a bit higher.

The downside move formed a typical for an impulse 5-wave pattern, followed by 3-wave uptrend 3-wave formation. It’s more likely we’ll see at least another bearish wave.

Sell orders can be opened with stops above 1.382, targets are flexible.

The chart is attached in the signature link.
  • #212,454
  • Mar 17, 2010 5:09pm Mar 17, 2010 5:09pm
Quoting uraceulose
Mike,

Do you worry about cross pairs when your trading the EU? I notice that you trade the GU also...so for example will you long GU and short EU at the same time? What about the swissy? These are the my main 3 pairs and I'm really digging working on your system and watching the videos. I mean do you just stick to the pivots regardless or are other pairs not as prone to (long above pivot/ short below rules)??

Thanks for any advice,

Donnie
I should stick to the e/u but like the way g/u moves.

I got caught in a short squeeze during this move but will hold on because the g/u has no chance here.

Lesson: Don't ignore your system. Every time I think I "know" something for sure I end up with a currency enema.

I use pivots, trend lines and fibs as additional reasons for a trade and use my proprietary system as the main trigger.

Mike
  • #212,455
  • Mar 17, 2010 5:16pm Mar 17, 2010 5:16pm
Quoting acumen
I should stick to the e/u but like the way g/u moves.

I got caught in a short squeeze during this move but will hold on because the g/u has no chance here.

Lesson: Don't ignore your system. Every time I think I "know" something for sure I end up with a currency enema.

I use pivots, trend lines and fibs as additional reasons for a trade and use my proprietary system as the main trigger.

Mike

Thanks so much. I'm also short on the GU @ 5330&5320. We'll see how it goes. Yeah, I thought I had the yen/dollar figured out here until these last couple months. I haven't taken one yen trade now in a few weeks. I'll probably just stay away from the swissy too though if you don't mess with it much. I trust your advice.

Thank you again, take care and happy pipin

Donnie
  • #212,456
  • Mar 17, 2010 5:27pm Mar 17, 2010 5:27pm
Quoting Tovinces
Sell orders can be opened with stops above 1.382, targets are flexible.
Right, or Buy orders can be open with SL just below 1.25 and targets

are also flexible.. Not sure though, why your description says "scalper",

if you have 100 pips stop loss in mind...
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #212,457
  • Edited 5:51pm Mar 17, 2010 5:36pm | Edited 5:51pm
Quoting egkid
Sometime i read Germany interested to help Greece and other time i read they won't do that because people totally will not help Greece from tax payer
Anyone from Germany can clear this ?

You have to keep in mind it's two different things what politicians say and what they do. Also there is a very important election coming in Germany and so Merkel has to say that Germany won't help because the population is against a bailout with their money. So she has to say Germany won't help, but in reality, of course they are going to help them. It would be crazy for them not to help, no matter what.
The ruling forces will try and keep the game going until the last idiot has understood that there is no way to save the system or until the population revolts, or until they have accomplished their goal to destroy the earth (just had to insert this little rambling). So we will see a lot more bailouts and idiotic measures.
  • #212,458
  • Mar 17, 2010 5:50pm Mar 17, 2010 5:50pm
Quoting gatorinla
no new high put us on tract for 97 pips + slip lower

mid 3769 target 3720 + slip.. then bounce

slap on your dailys..
3720 + slip may bring us to 3700/03 ish... r just maybe 3718... then a bounce up .3737 may stop it .. we may not get back to dp.
those who can, do. those who cant, talk about those who can
  • #212,459
  • Mar 17, 2010 5:52pm Mar 17, 2010 5:52pm
Quoting gatorinla
3720 + may bring us to 3700/03 ish... r just 3718... then n bounce..3737 may stop it .. we not get back to dp.
This is Bull territory #296
  • #212,460
  • Mar 17, 2010 5:57pm Mar 17, 2010 5:57pm
Hi Gator,

30 is putting up quite a struggle. if it rebounds there we will have a double bottom. sure hope you're right though, i am short...



Quoting gatorinla
3720 + slip may bring us to 3700/03 ish... r just maybe 3718... then a bounce up .3737 may stop it .. we may not get back to dp.
dreams do come true.
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