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  • #10,941
  • Mar 24, 2010 6:17pm Mar 24, 2010 6:17pm
Tis true, Plenty of time to get in a bullish trend when it occurs. Play it safe .

Lots of coffee or are you just exasperated with the potential mulla......? :-)


Quoting Alexandra
Indeed, I like it when the crowd is confused!

All kidding aside, 92.30 did hold things. I would really like to see some followthrough in USDJPY, or at least an inspired pause; a return below the trendline would do damage against today's abrupt action.
Annoying Precision
  • #10,942
  • Mar 24, 2010 6:18pm Mar 24, 2010 6:18pm
Quoting erikte279
Again and Again and AGAIN!!!

I am a professional trader and will make $1,000,000 by year end. I will achieve this by following my trading plan, setting achievable goals, and controlling my emotions.
I am confident and believe in my own ability to be consistently profitable because I AM a professional trader.
(((Wow... you must have around a $ 4,000,000 account.)))

The rest of the affirmations were quite good.
  • #10,943
  • Mar 24, 2010 6:21pm Mar 24, 2010 6:21pm
Well congratulations ! Take your time and WELCOME!

Quoting jayph
I am no where near cracking the surface of this thread, even after weeks, maybe I am a slow learner. However, after the movements of UJ and EJ and other various pairs last night, as I am reading and decoding strat and other seniors' advices/inputs. I am so excited I couldn't contain myself from posting this, I think I finally found the light, it is not on yet, but I found it. After five years, I found something to make me feel like this again.

I am sure many have said this before. Thank you.

Please don't stop the analysis of the current market...
Annoying Precision
  • #10,944
  • Mar 24, 2010 6:25pm Mar 24, 2010 6:25pm
haha....not yet , affirmations courtesy of STRAT, its my daily dose of reality ( I forget easily sometimes ).

Quoting Lou
(((Wow... you must have around a $ 4,000,000 account.)))

The rest of the affirmations were quite good.
Annoying Precision
  • #10,945
  • Edited 7:02pm Mar 24, 2010 6:48pm | Edited 7:02pm
Quoting erikte279
Tis true, Plenty of time to get in a bullish trend when it occurs. Play it safe .

Lots of coffee or are you just exasperated with the potential mulla......? :-)
You lost me with that whole post.

When it occurs? Coffee? Exasperated? Mulla???!
  • #10,946
  • Mar 24, 2010 6:49pm Mar 24, 2010 6:49pm
Well I wander .
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Annoying Precision
  • #10,947
  • Mar 24, 2010 6:59pm Mar 24, 2010 6:59pm
Quoting erikte279
Well I wander .
Still not with you. I'm starting to think that is a good thing. http://www.forexfactory.com/showthre...21#post3570121

You do "wander." I will give you that.
  • #10,948
  • Mar 24, 2010 7:08pm Mar 24, 2010 7:08pm
You implied (or so i took it) that you wanted to wait for confirmation (failed retest, ect..) that the trend was indeed going to change before you jumped on the bull bandwagon seeing that technically the secular trend is still Bearish, I was agreeing.

I was just kidding at you because your original post seemed a little funny to me when I read it.

Dont mind me though I'm on 30 + awake hours at this point (duty, trading ect..) so excuse my lame humor



Quoting Alexandra
You lost me with that whole post.

When it occurs? Coffee? Exasperated?
Annoying Precision
  • #10,949
  • Mar 24, 2010 7:10pm Mar 24, 2010 7:10pm
OK, I wont be commenting on your posts anymore. Appreciate it if you do the same.

Quoting Alexandra
Still not with you. I'm starting to think that is a good thing. http://www.forexfactory.com/showthre...21#post3570121

You do "wander." I will give you that.
Annoying Precision
  • #10,950
  • Mar 24, 2010 7:16pm Mar 24, 2010 7:16pm
Quoting erikte279
OK, I wont be commenting on your posts anymore. Appreciate it if you do the same.

I don't mind, but if you have gleaned that I am waiting for confirmation to buy USDJPY, I suggest that you ....well......ok...hold back now........help Strat!
  • #10,951
  • Mar 24, 2010 7:18pm Mar 24, 2010 7:18pm
  •  Sid
  • | Joined May 2009 | Status: Get wise or die laughing | 85 Posts
Has anyone read his stuff? Sounds interesting...

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  • #10,952
  • Mar 24, 2010 7:55pm Mar 24, 2010 7:55pm
If today's breakout wasn't fake, then we would still have a long way UP.
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  • #10,953
  • Mar 24, 2010 8:09pm Mar 24, 2010 8:09pm
Quoting Blackeagle
If today's breakout wasn't fake, then we would still have a long way UP.

Ahhhhh...there it is

From 3/11: "Hmmm...where is that Dollar Index chart?"

Seriously though, I'm with you - the "if" is just that but so far, it is as it is.
  • #10,954
  • Mar 24, 2010 8:13pm Mar 24, 2010 8:13pm
Quoting Alexandra
Will be interesting to see if that TL is retested in USDJPY....a few influencing factors there, both ways....stops versus geopolitical versus (god-forbid) technical....
TL is retested in USDJPY....a few influencing factors there, both ways....stops versus geopolitical versus (god-forbid) technical. By all rights, 92.30 should top things today.

You were right there it stopped pretty close to 92.30. In my rookie opinion I think a break of 93.00 with good PA may be where I enter this. The boss made its first LL on feb28 on my feed.

will likely shift attention toward a good zone to buy the Greek-Portugese-Italian currency at this point

I know you use a hybrid of Strat's but just curious on your reasoning here. It looks like this could be heading down to 1.28. Are you basing this on the fundamentals?

Cheers
  • #10,955
  • Mar 24, 2010 8:17pm Mar 24, 2010 8:17pm
Quoting Alexandra
I will likely shift attention toward a good zone to buy the Greek-Portugese-Italian currency at this point; no rush, though...content to nurse the shorts for the moment. A nice longer term parking spot with some appropriate daily PA should suffice; though classically, one should await a monthly buy pattern and then hop on board. 1.32-1.3350 may be the neighborhood, in my view. Call it a "modified Strat" approach.

Obviusly, though, there are more classic trades available...I am an opportunist, however.
We call it counter trend trader in this part of the world and as long as you are happy with it, no problem. Re. EURUSD, buying it between 1.29 and 1.38 (not even mentioning 1.3450 minor SR) would be just betting technically, IMO, and I call it "catching the falling knife" approach instead of "modified Strat" approach. No offence, just my opinion.
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  • #10,956
  • Mar 24, 2010 8:24pm Mar 24, 2010 8:24pm
Quoting Blackeagle
If today's breakout wasn't fake, then we would still have a long way UP.
God I love that chart.
  • #10,957
  • Mar 24, 2010 8:33pm Mar 24, 2010 8:33pm
Quoting pipfx

You were right there it stopped pretty close to 92.30. In my rookie opinion I think a break of 93.00 with good PA may be where I enter this. The boss made its first LL on feb28 on my feed.
Down trendline has been definitely broken today but we have 92.30 and then 94.30 SRs (I don't see 93.00 as an SR apart from being a round number). When 94.30 is broken upside, then we can talk the possibility of the end of current downtrend and start of an uptrend.
Attached Image (click to enlarge)
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  • #10,958
  • Mar 24, 2010 8:40pm Mar 24, 2010 8:40pm
Quoting Blackeagle
Down trendline has been definitely broken today but we have 92.30 and then 94.30 SRs (I don't see 93.00 as an SR apart from being a round number). When 94.30 is broken upside, then we can talk the possibility of the end of current downtrend and start of an uptrend.
I do agree about 93.00 the only reason I mentioned it was becase it was the last swing high, not necessarily major R. 94.30 will be the BIG test.

Thanks for your input and charts. I can not tell you enough how much I have learned from yours and Strat's posts.
  • #10,959
  • Mar 24, 2010 8:44pm Mar 24, 2010 8:44pm
Quoting Blackeagle
If today's breakout wasn't fake, then we would still have a long way UP.
I love this chart too! It didn't feel fake, it was pretty across the board.
Even the strongest one, AUDUSD pierced the trend-line support and looks like it could topple.
If it triggers some more down in the indices I wouldn't be surprised to see USDJPY fall off some more while the dollar continues to rally elsewhere.
I'm definitely watching the retest of the trendline on USDJPY.
  • #10,960
  • Mar 24, 2010 8:59pm Mar 24, 2010 8:59pm
Quoting Alexandra
Will be interesting to see if that TL is retested in USDJPY....a few influencing factors there, both ways....stops versus geopolitical versus (god-forbid) technical....
Will be interesting to see if that TL is retested in USDJPY....a few influencing factors there, both ways....stops versus geopolitical versus (god-forbid) technical. By all rights, 92.30 should top things today.

It was the BOSS 50 which stopped it – again! So now we know what to watch for as a break out ( if it can ever muster enough enthusiasm!)

I will likely shift attention toward a good zone to buy the Greek-Portugese-Italian currency at this point; no rush, though...content to nurse the shorts for the moment. A nice longer term parking spot with some appropriate daily PA should suffice; though classically, one should await a monthly buy pattern and then hop on board. 1.32-1.3350 may be the neighborhood, in my view. Call it a "modified Strat" approach.

Obviusly, though, there are more classic trades available...I am an opportunist, however.

I didn’t realise you were a farmer (buying PIGS)? I’m waiting while they get cleaned up!
15 YEARS OF PASR ON FOREX FACTORY!
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