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  • #232,181
  • Apr 27, 2010 2:10pm Apr 27, 2010 2:10pm
Quoting gatorinla
geeez i give up..
I know what you mean.

We are in a strong downtrend. The economic situation in EZ is worsening, confirmed today by ratings downgrade, yet people keep trying to go buy Euro.

No one can pick a bottom or a top. I would really like all of you who think that " Oh RSI says oversold/bought, time for retrace or correction" to go check out the run that GU made to 2+ level. Just look at the same indicators. The best guide is TREND.

Counter-trend trading is not only difficult but a sure fire way to loose your account. Scalp in the direction of major trend.
  • #232,182
  • Apr 27, 2010 2:11pm Apr 27, 2010 2:11pm
Quoting gatorinla
geeez i give up..
First we killed communism, now democratic socialism is going tits up.

Now if I could just find a job.....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #232,183
  • Apr 27, 2010 2:11pm Apr 27, 2010 2:11pm
I think there is some profit taking on DOW which helps to lift € and pound as well.
They think they are smarter than I am.
  • #232,184
  • Apr 27, 2010 2:14pm Apr 27, 2010 2:14pm
.3200 bounce to .3280 and then down to .3150? Hopefully we skip and go straight to .3150 case I have converted to bear and have a coupla nice entrys at BE and I +42 pips between them. Hoping to recoup earlier losses.
Founder of Sutherland Wave Principle
  • #232,185
  • Apr 27, 2010 2:17pm Apr 27, 2010 2:17pm
Quoting gatorinla
bull action late in the day.. usualy spills over...
It is getting late now and I don't think we will breach this support line tonight... but we will soon!
  • #232,186
  • Apr 27, 2010 2:17pm Apr 27, 2010 2:17pm
Bear just started & seems difficult to halt of the momentum,1.3203 support failing to test 1.3189 & may enen continue to tl 1.3159 .
Hope we will see 1.3100 next day .next retracment can be limited as next week candle to move down too .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #232,187
  • Apr 27, 2010 2:17pm Apr 27, 2010 2:17pm
Quoting realjumper
Here you go

For what it's worth, the OCR here in NZ is 2.5%. The review is due in a couple of days (check the FF calendar on the homepage), but it's expected to stay at 2.5%. The trick though is in the language that the reserve bank govener uses in his speech. When Bollard speaks, he has to choose his words carefully because even if the OCR stays at 2.5%, the market can jump either way by a large amount, depending on the way he says that the OCR will stay the same. Of course the market...
Occaisionally get good comments on the Kiwi here
  • #232,188
  • Apr 27, 2010 2:17pm Apr 27, 2010 2:17pm
Quoting gatorinla
the first bounce started friday. normaly we would break this support now on a smaller tf chart. but this is a big tf level.. we are below a huge channel we broke again today. we are also above a big channel on usdx. broken today for the 3rd time i think.. eu second time.. ray charles can see the potential. and he was blind before he was dead.
  • #232,189
  • Apr 27, 2010 2:18pm Apr 27, 2010 2:18pm
Quoting The Fool
First we killed communism, now democratic socialism is going tits up.

Now if I could just find a job.....
You mean capitalism is going tits up
  • #232,190
  • Apr 27, 2010 2:18pm Apr 27, 2010 2:18pm
Quoting Leeson
50,000 LONG @ 1.3212
mmmmm gimme those stops....i might buy a new car this next month.
  • #232,191
  • Apr 27, 2010 2:19pm Apr 27, 2010 2:19pm
Quoting gatorinla
geeez i give up..


I'm eyeballing 1.3158
Si vis pacem, para bellum.
  • #232,192
  • Apr 27, 2010 2:20pm Apr 27, 2010 2:20pm
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  • #232,193
  • Apr 27, 2010 2:22pm Apr 27, 2010 2:22pm
Another LONG (50,000) @ 1.3204 Avg: 1,3208.

Now I will wait peacefully for 1.3250 (hopefully!!)
  • #232,194
  • Apr 27, 2010 2:23pm Apr 27, 2010 2:23pm
OK, did what you pros say: SL @ BE + 2 pips! I am on the green already!!
  • #232,195
  • Apr 27, 2010 2:24pm Apr 27, 2010 2:24pm
Quoting Z3iz3i
I think there is some profit taking on DOW which helps to lift € and pound as well.
But this will be probably capped around 1.3220-25, Asia does what it does then.
They think they are smarter than I am.
  • #232,196
  • Apr 27, 2010 2:24pm Apr 27, 2010 2:24pm
I see potential excess kinetic energy that might assert itself a bounce to .3265 expires at end of this hour candle.

.3265
Founder of Sutherland Wave Principle
  • #232,197
  • Apr 27, 2010 2:28pm Apr 27, 2010 2:28pm
Hit SL... 2 pips profit!
  • #232,198
  • Apr 27, 2010 2:29pm Apr 27, 2010 2:29pm
Quoting calderone
http://www.youtube.com/watch?v=kExTJ6SLXV4


I might buy down here...........i think it might be safe to say I wont buy this pair the rest of 2010.
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  • #232,199
  • Apr 27, 2010 2:31pm Apr 27, 2010 2:31pm
Quoting mfoste1
I might buy down here...........
Long way to go before we get there... maybe year end?
  • #232,200
  • Apr 27, 2010 2:34pm Apr 27, 2010 2:34pm
Quoting bbakker
Long way to go before we get there... maybe year end?
all depends on how fast shit hits the fan.....could be yr end, could be 2011. Today gave great fundamental direction possibly for the rest of the yr. Equities gettin dumped helps it....200pt bounce off that 61 fib on dow tells a story.


http://www.durangobill.com/1929Crash...ket_Crash.html
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