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  • #241
  • Apr 16, 2010 2:11am Apr 16, 2010 2:11am
http://economix.blogs.nytimes.com/20...blem-portugal/

A good summary of the EU / PIIGS problem IMO for those interested.
  • #242
  • Apr 16, 2010 2:13am Apr 16, 2010 2:13am
Terrible spreads.
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  • #243
  • Apr 16, 2010 2:13am Apr 16, 2010 2:13am
Quoting lovejoy80
http://economix.blogs.nytimes.com/20...blem-portugal/

A good summary of the EU / PIIGS problem IMO for those interested.
If we're talking about EU problems..

https://admin.connectpro.acrobat.com...188/p38666894/

  • #244
  • Apr 16, 2010 2:16am Apr 16, 2010 2:16am
Quoting nasir.khan
Ok LJ,

What i am going to tell you is what i have learnt myself i did not just read in the forums but i did experienced it myself.

1- Trade away from the range (consolidations) not towards them. (your UC trade last night)

2- Whenever you'r going to reverse your positions look at bar size you'r going against. (your eu gu trades last friday)
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Thanks Nasir...I actually know this deep down so it must be a lack of discipline at the time and being in too much of a rush to enter trades that is overpowering the sensible part of my mind.

I was very lucky with EU,GU shorts in that I could hedge pre-market on Sunday on Oanda...wasn't a pleasant experience and without it I would have had some decent size losses. Luckily I've learnt the lessons without suffering much financial damage.

Thanks for your continuing input...
  • #245
  • Apr 16, 2010 2:17am Apr 16, 2010 2:17am
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  • #246
  • Apr 16, 2010 2:22am Apr 16, 2010 2:22am
Quoting neutro
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Try to stay away from PA that develops NEAR a Swing point or BRN. Watch for the ones that develop AT the BRN or Swing points.

And size of the PB is a bit small.

If it had touched the BRN that would've been nice.

Just my thoughts.
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  • #247
  • Apr 16, 2010 2:23am Apr 16, 2010 2:23am
Quoting neutro
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Yeah...tiny bar on my feed and clearly in a downtrend on 1H timeframe...cant see this bar stopping the bears....more likely to be just a pause before continuing down IMO
  • #248
  • Apr 16, 2010 2:29am Apr 16, 2010 2:29am
nasir - would you / did you take a touch trade @ 125 on EJ?
  • #249
  • Apr 16, 2010 2:30am Apr 16, 2010 2:30am
Hi everybody,

let's hope we close the Euro gap today.

Just a simple question LJ. What tool do you use to put comments on your charts? Is it MS Paint?

Tx
  • #250
  • Apr 16, 2010 2:31am Apr 16, 2010 2:31am
Gold has been in a clear up trend (would have been a great trend to play all the way)...but now we have a squeeze...still making HL on 4HR but three successive LH mean we are in a squeeze / consolidation waiting for a break out....the consolidation can be seen more clearly on 1HR chart.
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  • #251
  • Apr 16, 2010 2:32am Apr 16, 2010 2:32am
Quoting lovejoy80
nasir - would you / did you take a touch trade @ 125 on EJ?
I was just looking at that. It is a nice spot !
  • #252
  • Apr 16, 2010 2:33am Apr 16, 2010 2:33am
Quoting ogeid
Hi everybody,

let's hope we close the Euro gap today.

Just a simple question LJ. What tool do you use to put comments on your charts? Is it MS Paint?

Tx
Jing

http://www.jingproject.com/
  • #253
  • Apr 16, 2010 2:33am Apr 16, 2010 2:33am
Quoting lovejoy80
nasir - would you / did you take a touch trade @ 125 on EJ?
Missed it. But that was a great zone.

I think 1H did't closed very well comparing to previous bear bars i think there could be a double bottom or even could be a break.
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  • #254
  • Apr 16, 2010 2:50am Apr 16, 2010 2:50am
Quoting nasir.khan
Try to stay away from PA that develops NEAR a Swing point or BRN. Watch for the ones that develop AT the BRN or Swing points.

And size of the PB is a bit small.

If it had touched the BRN that would've been nice.

Just my thoughts.
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Your thoughts are always welcomed my friend.
  • #255
  • Apr 16, 2010 2:53am Apr 16, 2010 2:53am
Quoting nasir.khan
J16

I learned each and every thing from there.
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Thanks. Both of you are restoring my confidence in holding trades longer and seeing what is really common sense......

All the best, also to LJ. Very impressive.
Be like water.
  • #256
  • Apr 16, 2010 4:47am Apr 16, 2010 4:47am
Jump Baby Jump.
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  • #257
  • Apr 16, 2010 5:17am Apr 16, 2010 5:17am
What was that spike about.

anyways.
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  • #258
  • Apr 16, 2010 6:06am Apr 16, 2010 6:06am
http://i42.tinypic.com/ojl5b5.gif
  • #259
  • Apr 16, 2010 6:17am Apr 16, 2010 6:17am
Quoting nasir.khan
What was that spike about.

anyways.
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Nasir,

could you please articulate a bit more your sell order at about 93 on U/J? Has it to do whit Peaks e Valleys?
I understand the sell stop at 92.5.
Just for my understanding.

Tx
  • #260
  • Apr 16, 2010 6:19am Apr 16, 2010 6:19am
Quoting nasir.khan
What was that spike about.

anyways.
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Just got back ...the spike was a real nice chance to get in with a sell that's what it was...a gift on a plate there.
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