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  • #213,101
  • Mar 18, 2010 4:51pm Mar 18, 2010 4:51pm
Quoting mmccormac
You worded that correctly "Hope". Not saying it can't happen but the probabilities are not on your side this time.
your right for sure...I just hate this indecisiveness I'm putting myself through right now
  • #213,102
  • Mar 18, 2010 4:51pm Mar 18, 2010 4:51pm
Saved by the 61.8% retracement level so far
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  • #213,103
  • Mar 18, 2010 4:56pm Mar 18, 2010 4:56pm
Quoting petehnm
I have 2 longs one from 1.3642 and one from 1.3631 I got back to the 1.3631 and thought momentum would get me to the BE with the other and now I'm losing it a bit wondering if I should hold on till London to see if I go back..I know some of you will say if you have to ask then get out...It's just I've had a few of my trade comeback if I just would have stayed and waited and I'm kind of tired of that happening, especially the way this pair loves to go up and down.. Any insight from you guys would be much appreciated and may be settle some of the...

Set your sell @ the price between your two positions. Like .3636 or whatever. If I was you I would wait you'll probably get your price. 30 or so pips is not much.
  • #213,104
  • Mar 18, 2010 5:02pm Mar 18, 2010 5:02pm
Quoting AncientCoins
Set your sell @ the price between your two positions. Like .3636 or whatever. If I was you I would wait you'll probably get your price. 30 or so pips is not much.
Thanks Ancient I like that view..I was also thinking that 30 to 40 pips was in the range of recuperation... I admit though I'm hungry for any positive outlook to this situation....don't get me wrong I'm very thankful for you insight..
  • #213,105
  • Mar 18, 2010 5:07pm Mar 18, 2010 5:07pm
It's good to see and experience the way that you guys(and girls if you're there)are responding to my questions...I've seen sometime on here where some people love to get rough ..like telling me how much of a bonehead move I've made or the likes....
  • #213,106
  • Mar 18, 2010 5:14pm Mar 18, 2010 5:14pm
Quoting petehnm
I have 2 longs one from 1.3642 and one from 1.3631 I got back to the 1.3631 and thought momentum would get me to the BE with the other and now I'm losing it a bit wondering if I should hold on till London to see if I go back..I know some of you will say if you have to ask then get out...It's just I've had a few of my trade comeback if I just would have stayed and waited and I'm kind of tired of that happening, especially the way this pair loves to go up and down.. Any insight from you guys would be much appreciated...
IMO...we are still in a downtrend. For that reason I do not counter trend trade. As I've said before here, some other people can do it, and do it well.....for me though, I just won't do it because I was once in the situation you now are in, and it went from bad to worse...because I was going against the trend. I ended up cutting my (considerable) losses and never made that mistake again. For sure I miss some great counter trend trades, but I don't care.....I will only trade with the trend....period!

Having said that, you may or may not get 'out of jail' with your trades, I hope you do.
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #213,107
  • Mar 18, 2010 5:18pm Mar 18, 2010 5:18pm
Quoting jsspmk
[i]"...Germany did this but failed and bankrupted their country after World War I. But the Germans wanted to bankrupt their currency. They didn't want to pay off their war debts and the smart money wanted to turn the middle class against the occupation government. So they simply printed up paper until it filled wheelbarrows. They did not use due diligence and have proper controls. They didn't care. What they did was not a accident. It was a planned bankruptcy. You can be sure that the big boys in German currency had all their cash in something...

I don't know where you got this quote from but this guy doesn't know what he's talking about.

First of all the Treat of Versailles after the First World War did not allow repayment of war debts in German currency. It had to be paid in gold or foreign currency.

Secondly, Germany was not occupied after the First World War. Their soldiers were in other countries when they surrendered. The only time foreign soldiers entered Germany was five years later when some French and Belgian troops entered the German industrial region for a brief time because the Germans said that they were not going to pay off their war debts any longer. This then led to a general strike that lasted eight months and devastated the economy.

While it was true that one point their money became so inflated that it was almost worthless, the country never became bankrupt. In fact, America lent Germany large amounts of money to Germany in the 1920's so they could rebuild their economy and the German economy boomed until the Great Depression hit and the American money stopped coming.

As far as always having enough money for a war, the point is there isn't. It just increases the deficit, minus the extra jobs it creates of course. By the way, in 2010, the American defence budget is only 4.7 % of GDP. It doesn't make as much difference to the economy as most people think.
  • #213,108
  • Mar 18, 2010 5:19pm Mar 18, 2010 5:19pm
Quoting realjumper
IMO...we are still in a downtrend. For that reason I do not counter trend trade. As I've said before here, some other people can do it, and do it well.....for me though, I just won't do it because I was once in the situation you now are in, and it went from bad to worse...because I was going against the trend. I ended up cutting my (considerable) losses and never made that mistake again. For sure I miss some great counter trend trades, but I don't care.....I will only trade with the trend....period!

Having said that, you may or may not get 'out...
I agree with you Realjumper...the one thing that has been bugging me on that chart that you have up, are those 3 doji's.. unfortunately they don't really show when a real move up will happen just that it's looking like it's going to happen...I tell ya I sure could use that get out of jail free card right about now...
  • #213,109
  • Mar 18, 2010 5:20pm Mar 18, 2010 5:20pm
Quoting gatorinla
bounce may be shallow as snowball picks up speed.
if you do 50% between lines #s such as 3597 mean something.. they are just as important as a actual line. but not drawn to avoid clutter. blowing through targets shows bear power
this is a great bear level
those who can, do. those who cant, talk about those who can
  • #213,110
  • Mar 18, 2010 5:23pm Mar 18, 2010 5:23pm
Quoting petehnm
I agree with you Realjumper...the one thing that has been bugging me on that chart that you have up, are those 3 doji's.. unfortunately they don't really show when a real move up will happen just that it's looking like it's going to happen...I tell ya I sure could use that get out of jail free card right about now...
Those dojis don't mean anything to me, because they didn't naturally occur. They occurred due to massive interference in the market. But even so, those dojis were still tradable from their high's to their lows....or at least some part of their 300+ pip life........
Doing what you like is Freedom. Liking what you do is Happiness.
  • #213,111
  • Mar 18, 2010 5:33pm Mar 18, 2010 5:33pm
I see the retrace back to 1.37.
  • #213,112
  • Mar 18, 2010 5:33pm Mar 18, 2010 5:33pm
if anyone wants to get in now, you can flip a coin , heads = long, tails = short...
  • #213,113
  • Mar 18, 2010 5:35pm Mar 18, 2010 5:35pm
Quoting realjumper
Those dojis don't mean anything to me, because they didn't naturally occur. They occurred due to massive interference in the market. But even so, those dojis were still tradable from their high's to their lows....or at least some part of their 300+ pip life........
I just want to show you some examples in similar situations. Doji like formations after a down trend. #186 #187.
  • #213,114
  • Mar 18, 2010 5:36pm Mar 18, 2010 5:36pm
Quoting realjumper
IMO...we are still in a downtrend. For that reason I do not counter trend trade. As I've said before here, some other people can do it, and do it well.....for me though, I just won't do it because I was once in the situation you now are in, and it went from bad to worse...because I was going against the trend. I ended up cutting my (considerable) losses and never made that mistake again. For sure I miss some great counter trend trades, but I don't care.....I will only trade with the trend....period!

Having said that, you may or may not get 'out...
That is my Rule No1
  • #213,115
  • Mar 18, 2010 5:37pm Mar 18, 2010 5:37pm
Quoting forex888
I see the retrace back to 1.37.
I'll take it!!!!!!!!
  • #213,116
  • Mar 18, 2010 5:38pm Mar 18, 2010 5:38pm
just wondering by chance are there any freemasons in here?
  • #213,117
  • Mar 18, 2010 5:39pm Mar 18, 2010 5:39pm
Quoting realjumper
Those dojis don't mean anything to me, because they didn't naturally occur. They occurred due to massive interference in the market. But even so, those dojis were still tradable from their high's to their lows....or at least some part of their 300+ pip life........
Hello everyone. This thing has throw me off a few times over the last week. I also made the mistake of removing my trendline template from my chart because I thought price was going to be eradic and not obey them. As it turns out it they would have helped me. In any case not too much harm done. If I can get in synch with this thing again, there are alot of pips to be made. Let's do this, good luck.
  • #213,118
  • Mar 18, 2010 5:40pm Mar 18, 2010 5:40pm
Quoting TheLastCoke
I just want to show you some examples in similar situations. Doji like formations after a down trend. #186 #187.
Nice work
  • #213,119
  • Mar 18, 2010 5:41pm Mar 18, 2010 5:41pm
i have used my monthly chart and we are in an uptrend...

Quoting realjumper
IMO...we are still in a downtrend.
  • #213,120
  • Mar 18, 2010 5:41pm Mar 18, 2010 5:41pm
Greece Official Denies Seeking IMF Aid

Dow Jones Newswires

ATHENS -- The Greek Finance Ministry Thursday denied reports that the country might seek support from the International Monetary Fund next month amid growing doubts over a European Union-backed bailout package for the country.
"These reports are jokes, they are not true," said the official requesting anonymity. "These reports do not correspond with reality."
Earlier Tuesday, Greek government officials held out little hope for an EU aid package at next week's EU summit.
The official said Greece may approach the IMF as early as the Easter weekend of early April for support.
But the finance ministry official stressed that Greece hasn't officially sought financial support from the EU, reiterating that Greece has only requested political support from its partners.
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