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  • #213,741
  • Mar 19, 2010 1:21pm Mar 19, 2010 1:21pm
I think EU will go down to .345x

What y think??
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  • #213,742
  • Mar 19, 2010 1:22pm Mar 19, 2010 1:22pm
1.355 and/or 1.358-1.36 possible short entries when price retraces.
  • #213,743
  • Mar 19, 2010 1:23pm Mar 19, 2010 1:23pm
Quoting Clairvoyant
to me, most indicators are the same, most not all, but a very huge majority.

the information/data provided by most indis are close with some deviation, just depend on how u interpret the data.

its the management of price, not entry not exit not mm, infact entry not important, exit as well. you can add alot of indicators or even no indicators, and the price information provided is still somewhat the same...

i find it hard to explain this... but ya this is my conclusion.

ain't saying anyone approach is wrong or anything. cox we all view price/indicators/support/resistance/timeframe/mode...
if you can beat this market with a dart board... use it and send me one.

whatever works... i really believe that.

for me... it's pivots, fibs, psyches and trend lines.

m
  • #213,744
  • Mar 19, 2010 1:23pm Mar 19, 2010 1:23pm
Quoting mmccormac
I'll post the Gold and Oil rejections we talked about earlier this week as well. Daily's for both below.

The Euro is set up nicely with most pairs now.
*L* oil highs such as 80 82 and ? have slapped eu down since summer.. it aint rocket science.. kiwi... chf bottom.. double tops dow s/p ... there all over.. china tightening.. india tightening...so goes commodities (pairs) usd goes the other way.. yada yada..

whats gonna really freak them out is when s/p..dow.. usd ..go up hand in hand..
those who can, do. those who cant, talk about those who can
  • #213,745
  • Mar 19, 2010 1:27pm Mar 19, 2010 1:27pm
Quoting Clairvoyant
1.355 and/or 1.358-1.36 possible short entries when price retraces.
Boink.
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  • #213,746
  • Mar 19, 2010 1:33pm Mar 19, 2010 1:33pm
Quoting PriceVolume
Way to throw me under the bus Mike. Just kidding....

Ok, so, this is going to be longwinded - just fair warning. I don't consider Pivot Points, Trendlines, and Fib ratios to be "indicators" per say, as they are based on pure price action. To me, and some here may philosophically differ with me, an "indicator" involves some massaging/manipulation/interpretation of price data. A fib is what it is...a point is a 50% retracement from the last movement, or it is not. Price is either above/below a pivot or is not. Price touches a pivot point...
i agree with you that users have to understand the indicator to make it work and how it is derived. the extent of deviation, mean, upswing/downswing/range will help to explain the indicator better. and it is derived from price movements.

well, to me pivots/trend/support/resistance/fibs are indicators cox ultimately it is derived from price movements.

but oh well, yes price movements is king
  • #213,747
  • Mar 19, 2010 1:33pm Mar 19, 2010 1:33pm
Quoting gatorinla
toto got hit by a car. since then dorothy is on an old couch in the alley earning crack money.. aunti em ran off with the wiz.. after finding out oz gave something to the tinman that he didnt already have, that Ajax didnt wash the taste out his mouth. she found the oil can under the bed and she left him. she is now a madam at the chicken ranch in nevada.

kansas aint what it used to be although its still good for a free bj.

http://www.youtube.com/watch?v=rFSL0daeoUw


certainly the bees knees....
  • #213,748
  • Mar 19, 2010 1:40pm Mar 19, 2010 1:40pm
Quoting acumen
Boink.
possible, but i may not consider taking taking near my 1.355 cox of the price movement. 1.358-1.36 and/or 1.365 seems gd to me tho. unless e market range for some time, then i may consider changing my short entries. have to see how it goes.

gd luck to you.
  • #213,749
  • Mar 19, 2010 1:48pm Mar 19, 2010 1:48pm
Quoting SkyzerFX
GOLD holds as I said, charts means nothing it that contest and EU looks

much better now.. Monday back over 1.36 or even Sunday..

EUR showing same relative strength as Dollar now.. GBP dead, cause it was holding yesterday..
May be but still they are not at the level to retrace a good amount for furthet better fall effects ,feeding good with time is always good for take as food. right , may be next week.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #213,750
  • Mar 19, 2010 1:52pm Mar 19, 2010 1:52pm
Quoting acumen
Boink.
Yeah, the 23.6% Fib is right there also. Next week I'm looking to add shorts from 3570, 3620, 3660. The 23.6% has the DTL you mentioned, the 3620 level is the 38.2% and the bottom Channel line, and the 50% retrace is close to the middle band of the Channel.

These are the areas I'm looking at for early next week to build extra positions up.

Edit: Obviously if it goes to the 3700 area around the 61.8% fib I'll add there also.
  • #213,751
  • Mar 19, 2010 1:55pm Mar 19, 2010 1:55pm
I think it is possible.

http://img401.imageshack.us/img401/3275/dibujorr.png
  • #213,752
  • Mar 19, 2010 2:07pm Mar 19, 2010 2:07pm
This move was right on track and played out all the way down. Although I got the low exact, it was the final line. The selling pressure very evident. The upsloping pitchfork was broken today. This pitchfork I have been trading off for the past weeks. The market sometimes recovers back into the tracks, but it doesn't look good. Price must get back above 1.3570 and hold for the track to be still valid. My weekly charts says the turnaround is still imminent.
I have exited most of my positions and will hold half my troops for next session with B/E. Anything can happen over the weekend.
GU disappointed today, and fell right into the final defence line. GU can still go lower. Rather hoping it comes back big next week, and quickly.
Have a good weekend everyone. Been fun joining in this week.
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  • #213,753
  • Mar 19, 2010 2:08pm Mar 19, 2010 2:08pm
50tp 500sl
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  • #213,754
  • Mar 19, 2010 2:10pm Mar 19, 2010 2:10pm
Quoting paulw6182
50tp 500sl
Haha when u lose , u have to win 10 times to get ur $ back .. ur money management is a joke ..
  • #213,755
  • Mar 19, 2010 2:15pm Mar 19, 2010 2:15pm
Quoting DavidValera
Haha when u lose , u have to win 10 times to get ur $ back .. ur money management is a joke ..
but the market is blowing in the wind so i win
  • #213,756
  • Mar 19, 2010 2:21pm Mar 19, 2010 2:21pm
Quoting arezab
What is this ?? "Head and Double Shoulders Body Building" Formation? JJ
I didn't know, but just hear on CNBC that today is a triple witched

Friday.. Options/Futures Contract expiration day..

That's why we have all those crazy moves in Commodities futures and currencies..

Back to normal Monday..

EU over 1.36 and we go from there..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #213,757
  • Mar 19, 2010 2:23pm Mar 19, 2010 2:23pm
I wonder if all those people longing the Eur/Chf because "It's at all time lows" considered the fact that this will be the lowest weekly close ever?

The old phrase "It can't possibly go lower/higher than X price" is classic. But I guess it's slightly better odds than using a slot machine.

If the Euro had been around for 30+ years to build a track record then mabye but it's only been an active currency for ten years and it's in big trouble now.
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  • #213,758
  • Mar 19, 2010 2:24pm Mar 19, 2010 2:24pm
Quoting mmccormac
I'll post the Gold and Oil rejections we talked about earlier this week as well. Daily's for both below.
The Euro is set up nicely with most pairs now.
Don't post anything, cause charts are following the action and not the

other way around.. Option/futures expiration make all this volatility today.

Check back on Monday and then draw your charts..

Crude already almost a Dollar up from lows... Dollar will go belly up next week as usual..

Two days up 5 days down..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #213,759
  • Mar 19, 2010 2:27pm Mar 19, 2010 2:27pm
Quoting mmccormac
I wonder if all those people longing the Eur/Chf because "It's at all time lows" considered the fact that this will be the lowest weekly close ever?
Yes I'm Longing.. And you going to watch and learn, later... Or go short if

you sure it's going to Zero..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #213,760
  • Mar 19, 2010 2:28pm Mar 19, 2010 2:28pm
Quoting SkyzerFX
Don't post anything, cause charts are following the action and not the

other way around.. Option/futures expiration make all this volatility today.

Check back on Monday and then draw your charts..
Sure thing, I'll even post after next week so we can see a second week at it. I'm not saying it isn't worth the risk but with the Euro breaking out of it's channel this has a high chance of taking out all the stops built below the 10yr "All time lows" set back in Oct. 08'.

Edit: Actually it isn't worth the risk for me, but for some traders here if it fits your style then go for it. We might be at the highs for the next 10yrs though on the other side of the coin. Then eveyone will look back in a few years and say "Man I can't believe people bought right as it was taking out the all time lows".
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