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  • #223,581
  • Apr 11, 2010 5:28pm Apr 11, 2010 5:28pm
Quoting tonyo524
Doesn't change the fact that you claimed 1.400 last month and you were dead wrong. In regards to my comments being crap. I bet if you look at how many times I called a direction that turned out positive opposed to yours, you'll see who was really crap. Charts don't mean squat if the direction isn't there to prove it. Not hard to pull up past posts, the GPB/YEN scalpers thread that you started is where I first met you. You claim you are a day trader. So what is it? Your'e a forex Gypsy, and I think I have to introduce you to the ignore list a little...

Tony ...whatever you want to do mate

You are a senior trader , you should understand calls on a weekly chart do not take one day to materialize.

So I am on your ignore list now .. to bad.

I clearly stated my intentions weeks ago ... I am buying all dips.

You sound SO SORE. Do not blame it on me that you got to bearish and got your 200 pip stops hit this weekend. I did try to tell you Friday but all you did , once again , was lay into me. Learn to read your charts mate .... that will make you not make silly mistakes.
Blogging daily now at www.volume.zone
  • #223,582
  • Apr 11, 2010 5:29pm Apr 11, 2010 5:29pm
Im gonna just budge in and give my few cents. Weve been in a downtrend for quite a while and Ive rode this thing the entire time.. Yes we had some interesting news about greece and what not but im more of a technical trader than fundamental...As my charts indicate we need a close above the 70 day moving average to establish a real uptrend in my opinion to validate a bullish scenario on the daily..My 4hr chart indicates yes we have a large gap and saw some nice support but im short as of the open and was able to get in at 61 via Forex.com..We will let time tell whats really cooking in the pot profit set to plus 5 for now...
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  • #223,583
  • Apr 11, 2010 5:32pm Apr 11, 2010 5:32pm
Quoting Acclimate
Im gonna just budge in and give my few cents. Weve been in a downtrend for quite a while and Ive rode this thing the entire time.. Yes we had some interesting news about greece and what not but im more of a technical trader than fundamental...As my charts indicate we need a close above the 70 day moving average to establish a real uptrend in my opinion to validate a bullish scenario on the daily..My 4hr chart indicates yes we have a large gap and saw some nice support but im short as of the open and was able to get in at 61 via Forex.com..We will...
Funny how some people on here scream there was no volume when there is a large move down, but when there is a large gap with very little volume, they seem to make the biggest noise. talk about hippocrits. Anyway's as you have said, time will tell.
All that is left in FF is just plain garbage. "Cloggie"
  • #223,584
  • Apr 11, 2010 5:35pm Apr 11, 2010 5:35pm
You're on the ignore list, so don't waste your time, or the forums's bandwith. If the market does as you say, I will apologize, concede that you were right, cut my losses, and move on. But if the market does as I said, well you already know the answer to that. Have a good one!
All that is left in FF is just plain garbage. "Cloggie"
  • #223,585
  • Apr 11, 2010 5:35pm Apr 11, 2010 5:35pm
Quoting 2+2=4ex
On one hand you have the 3600 level support with a double top target at 3800 on h4, which is also a monthly pivot. On the other hand you have a big gap. What to do? hmmm

Tough one for sure.

I guess if in doubt and not in, I would wait wand see what real Asia session makes of this. Also the real move may come in euro / London tonight once they have had time to digest everything

I am adding off 1.3600 / 1.3550.

1.3670 is R for now but if that breaks next level is that MP I think anyway.

1.3550 has been pretty good support for a while now.

Depending on how today ends ( many hrs away ) the daily buying pressure has changed alot as we have 2 x wide spread candles off a double bottom.

Here is daily eu , see Friday and today ... pretty wide and showing much bullish buying power.

eu moves in 200 pip bands on this daily chart , upper range 1.3800 , major R for now. I am aiming for this . Then i will see how volumes and PA looks once we get there.

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Blogging daily now at www.volume.zone
  • #223,586
  • Apr 11, 2010 5:35pm Apr 11, 2010 5:35pm
Quoting malcolmb14
Tony ...whatever you want to do mate

You are a senior trader , you should understand calls on a weekly chart do not take one day to materialize.

So I am on your ignore list now .. to bad.

I clearly stated my intentions weeks ago ... I am buying all dips.

You sound SO SORE. Do not blame it on me that you got to bearish and got your 200 pip stops hit this weekend. I did try to tell you Friday but all you did , once again , was lay into me. Learn to read your charts mate .... that will make you not make silly mistakes.
hi malc,

when we were in the course of consolidation weeks ago you said that at that level the pros were buying at the low level and just stopped buying at the higher portion of the level the let the price drop down in order to buy more at cheaper prices. what was it that made price break through that level at such a rapid pace then? it wasn't on low volume up to some extend, was it? i remember being quite confused to see your assumption was wrong back then.

edit: as i stated before, i don't trust this sudden change of mind because of the lousy measures taken with respect to greece. germany is going to pay, that's for sure. then again, what about the other piigs? germany again? greece on its own appears to be the beginning of a big closing-sale, because germany will not be able to pay that much money. as trichet said, "we need ONE government"... nothing easier than that, when all countries on their own are bancrupt.
  • #223,587
  • Apr 11, 2010 5:36pm Apr 11, 2010 5:36pm
Quoting malcolmb14
so 1.4000 or ignore club ? I agree . The only thing I have to lose if in ignore club is the banter with you as most of your posts are complete crap anyway

I mentioned a few weeks back I am bullish euro and will buy every dip ... guess what this is exactly what i have been doing. As for forex gypsy ... stuff that comment where the sun don't shine. I told you ALL what I was doing and how I felt and that is how i still feel.

As for Greece failing ... come on think eurozone will ever let that happen ? Just like feds will never let GS , BOA or...
i agree, there's up possibility this week.
said in some post back. im thinking of a possible reversal.

tho i need more confirmation.

but price is higher enough for me to sell now.
later then i think if i wanna buy.

my charts tell me possibility shifted to bear for a bit.
odds are it might drop, 40? 50 pips. b4 next support.

by then, i'll consider if longs are justifiable.
  • #223,588
  • Apr 11, 2010 5:37pm Apr 11, 2010 5:37pm
Quoting Acclimate
Im gonna just budge in and give my few cents. Weve been in a downtrend for quite a while and Ive rode this thing the entire time.. Yes we had some interesting news about greece and what not but im more of a technical trader than fundamental...As my charts indicate we need a close above the 70 day moving average to establish a real uptrend in my opinion to validate a bullish scenario on the daily..My 4hr chart indicates yes we have a large gap and saw some nice support but im short as of the open and was able to get in at 61 via Forex.com..We will...
great point. we need to see closings above certain ma's and certain lines before a call can be made.
  • #223,589
  • Apr 11, 2010 5:37pm Apr 11, 2010 5:37pm
Quoting Mr Hatch
i don't know why, but i don't trust this temptation to short the gap.
the big-players know what people are going to do...
The "Big Players" aren't a factor. Once orders are placed "long or short" we are playing against ourselves. Picking the exit is up to us----- its the only advantage we have. You can ride the backs of the market movers or you can try and pick the place they will stumble and fall. If you fight the movers you will lose. Its just now the open of the week. Come Wednesday if we see a new high or low its likely time to take profit or enter counter.

In short the "Big Guys" don't know you exist. We play strictly on our "best guess" in the general direction of the market or we get our asses handed to us.
  • #223,590
  • Apr 11, 2010 5:42pm Apr 11, 2010 5:42pm
Quoting knuckledrag
The "Big Players" aren't a factor. Once orders are placed "long or short" we are playing against ourselves. Picking the exit is up to us----- its the only advantage we have. You can ride the backs of the market movers or you can try and pick the place they will stumble and fall. If you fight the movers you will lose. Its just now the open of the week. Come Wednesday if we see a new high or low its likely time to take profit or enter counter.

In short the "Big Guys" don't know you exist. We play strictly on our "best guess" in the general...
alright, thanks for the clarification.
  • #223,591
  • Apr 11, 2010 5:43pm Apr 11, 2010 5:43pm
If you have Master the markets .. go look at shake outs ... then go look at weekly eu under 1,3450, They shoke out all weak longs including my self . A little 170 pip drop under support and everyone and their granny are short and mega bears.

Look at the out come of that , most in here are still mega bears and adding shorts.


Quoting Mr Hatch
hi malc,

when we were in the course of consolidation weeks ago you said that at that level the pros were buying at the low level and just stopped buying at the higher portion of the level the let the price drop down in order to buy more at cheaper prices. what was it that made price break through that level at such a rapid pace then? it wasn't on low volume up to some extend, was it? i remember being quite confused to see your assumption was wrong back then.

edit: as i stated before, i don't trust this sudden change of mind because of the lousy...
Blogging daily now at www.volume.zone
  • #223,592
  • Apr 11, 2010 5:44pm Apr 11, 2010 5:44pm
Quoting Platypus
You are driving with a magnifying glass stuck in your eyes my friend !!

Your volume spread approach on the market is just like everything else....it works when it works.

Take a look at the picture below and tell me HONESTLY if according to a risk reward point of view a up or down trend is in place
1.3818 is just so important in current down trend preservation from a technical point, as LastCoke pointed out an early sign of trend change is a HH, in weekly terms that HH has to be above 1.3818. Last Q 50% is 1.39-1.392 when measured either HI-LO or OPEN-CLOSE. That's where the weekly 'death cross' is also, so I would go beyond 1.3818 by saying 1.392.
Prices oscillate, trends persist. Trend is your friend.
  • #223,593
  • Apr 11, 2010 5:45pm Apr 11, 2010 5:45pm
Quoting Mr Hatch
this is, what i get. not, what you intended?
Hi Hatch, did you close your trades b4 the weekend?
  • #223,594
  • Apr 11, 2010 5:46pm Apr 11, 2010 5:46pm
good call bulls!! were back to last months round bottom level atm.. between 3622 and 3609.. back to the center of the universe. still building.
i had an old stop at 3690 for a resistance and one from 1.6@ 3684 may be one. i havent checked dailys yet. ill wait to see when party hats come off. maybe by tuesday. the small print will be read.
those who can, do. those who cant, talk about those who can
  • #223,595
  • Apr 11, 2010 5:48pm Apr 11, 2010 5:48pm
Thin moves aren't worth developing strong long-term opinions over.. The will of the few have exerted their opinion over the will of the slumbering many. The probability of a gap of this size at least partially retracing is extremely high. I don't know about 90% of the time, I seriously doubt that, but it doesn't really matter. I tried to sell frantically on the open, but my broker couldn't keep up with the volume of transactions and I couldn't get Euro until 1.366.

Not one of us can see the future so it really comes down to a matter of probability. Major Breakouts, H&S neckline breaks etc. all have a percentage number of working out. It's better to go with the math of a 70% move than to second-guess yourself with grand designs.

I'm up 45 with my stop at 1 pip.. I might wake up to 1 pip or to 200 .. I don't know, but the probability is higher of a move closer to Friday's closing price by the time I go to sleep and that is the reason that I take a step back and defer to the math rather than emotion and the teeming horde of external opinions.

What happens tomorrow doesn't matter to me..

At worst I make $10 for clicking a button
  • #223,596
  • Apr 11, 2010 5:48pm Apr 11, 2010 5:48pm
an opening gap of around 170p is quite impressive - giving credit to the theory that gaps will fill before a (new) trend continues, this situation will offer some reasonable opportunity to sell with s/L above 3671. Conservative target might be around 1.3550 representing about a 60% pull back. - I'm in
  • #223,597
  • Apr 11, 2010 5:49pm Apr 11, 2010 5:49pm
Quoting malcolmb14
If you have Master the markets .. go look at shake outs ... then go look at weekly eu under 1,3450, They shoke out all weak longs including my self . A little 170 pip drop under support and everyone and their granny are short and mega bears.

Look at the out come of that , most in here are still mega bears and adding shorts.
thanks malc, pages 95 ff. reading now.
  • #223,598
  • Apr 11, 2010 5:50pm Apr 11, 2010 5:50pm
Quoting Pippy5000
Thin moves aren't worth developing strong long-term opinions over.. The will of the few have exerted their opinion over the will of the slumbering many. The probability of a gap of this size at least partially retracing is extremely high. I don't know about 90% of the time, I seriously doubt that, but it doesn't really matter. I tried to sell frantically on the open, but my broker couldn't keep up with the volume of transactions and I couldn't get Euro until 1.366.

Not one of us can see the future so it really comes down to a matter of probability....
Always nice to read your shit man (no offence)
Prices oscillate, trends persist. Trend is your friend.
  • #223,599
  • Apr 11, 2010 5:50pm Apr 11, 2010 5:50pm
Quoting enterfx
Hi Hatch, did you close your trades b4 the weekend?
nope, let me just say that they were taken care of by Mr. Market.
i made a stupid decision, and market punished me badly. all sl hit.
  • #223,600
  • Apr 11, 2010 5:55pm Apr 11, 2010 5:55pm
as i said before: mr. greece is in intensive care with a oxigin-mask on ,.. bodyparts start failing , let's see if he can go home coming weeks before his next attack comes
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